Tuesday, May 5, 2020
Media Law and Ethic Impact on the Industry
Question: Describe about the Media Law and Ethic for Impact on the Industry. Answer: Examines the process of self-regulating the media industry, with emphasis on its impact on the industry players and the audience (BLUE) The process of self regulating the media industry basically is meant to be the way of controlling and guiding of mass media by the Government and regulatory bodies in UK. Based on the various laws, rules and regulations, the process of media self regulation could have different types of goals or objectives that were needed to be achieved. It could be used in various cases like while encouraging competition within the business environment and also act as an effective and useful media marketing activity for establishing the common standards of technology. It could be a signal for providing commitment for the interest of public. There are numerous media sectors like free-to-air broadcast television, the Internet, advertising, news, all of which combine to form the media industry as a whole (Haufler, 2013). The main focus of self regulating process had been the radio or television, press, satellite, distribution technology, use of mobile phones as well as implementation of information te chnology for the use of internet in an effective manner. The Media Development Authority of Singapore Act was mainly developed in order to identify the various kinds of functions of the Media Development Authority and also provide services related to license for allowing media services in an effective manner at Singapore. A number of guidelines and regulatory standards were also established so as to provide media services through television, internet and social media as well (Kunkel et al, 2010). The self regulation process also helped to make various recommendations to the Government based on various matters connected to the media services along with provision of media services in order to facilitate the interests and preferences of individuals. This had been mainly done for creating a positive impact on the media industry, thereby allowing for maintenance of better standards and quality management of the media services all over Singapore (Hritier Eckert, 2008). According to the A ct of Broadcasting, the public service broadcast programming had been encouraged and make sure that the various forms of media like internet, advertisements and free-to-air broadcast on televisions, newspapers, etc. were utilized properly. Not only had the audiences been benefited with their needs and requirements fulfilled, but also the industry players had been affected in a positive way as well. The Media Development Authority or MDA also adopted a self regulatory mechanism which had further enabled the media industry to self regulate and maintain fair market share within the competitive business environment too. Due to this, the customers or general public were provided with a wide range of quality services and their interests and preferences had also been safeguarded (Kunkel et al, 2010). Therefore, this is how the process of self-regulating the media industry had managed to create a positive impact on both the players of the media industry as well as the audience. Discusses arguments for and against self-regulation of the media industry (GREEN) Within the free democratic world, the media services had always been termed as a major form of self regulatory process for the Government of Singapore. The media services provided had helped in monitoring the progress and status of the Government and regulatory bodies and also ensure sharing and exchange of information, data and ideas so as to promote freedom of expression in an effective manner too. Though the media industry was able to bring a lot of positivity for the general public of Singapore, still there were few issues which made it against the self regulation of the media industry (Puppis, 2007). The Sedition Act was enabled to cover all the various speeches or written conducts regarding the media services provided that were related to various forms of trouble making abilities. Thus mainly made people show their dissatisfaction against the Government of Singapore, which made it hated by many people of Singapore as well. There were many individuals who used to print or publis h seditious or trouble making issues through the advertising and promotional events, internet and free-to-air broadcast television, as a result they were termed as guilty and sources of treason or disloyalty according to the section 4 of Seditious Act (Omarova, 2011). This prevented many newspapers to allegedly public matters that were termed as seditious activities. One such example of this kind of activity was the publishing of materials related to anti Muslim and anti Malay activities, that lead to various sort of discrimination and violence too. A blogger was also charged for the comments related to racism on web sites, which also was referred to illegal activities that grabbed the attention of many people and also made them show their anger and hatred towards the Government of Singapore (Sharma et al, 2010). All these matters that were published and were broadcasted free to air on televisions basically generated a sense or feeling among people to create violence and disobey the law or lawful orders as well. This further more resulted in various sort of discrimination and prejudice to the public and national interest of people of Singapore. The Film Act was established to promote the political party films, which resulted in harming the beliefs of other political parties, thus resulted in creating conflicts among people too (Storey et al, 2005). Task 2 Discuss arguments for and against self-regulation of the media industry and analyze whether a self-regulatory model works for the industry. Give examples in your analysis. Analyses whether a self-regulatory model works for the industry (PURPLE) With the enabling of freedom of media in Singapore, one of the most effective model of self regulatory mechanism for the media industry could be the Mills Liberal Media model or theory. The arguments both for and against had been done on the media industry in the previous sections and according to those, it had been found that the self regulatory theory or model had various features and characteristics along with a number of assumptions that had been made. The assumptions showed that all human beings are rational, so in case of any faults by them, they were needed to be corrected. Their opinions and responses would be termed as valuable and in case those are problematic, then a certain amount or portion of valuable truth of people would be stolen (Wilde, 2009). The opinions of people when silenced might be the actual truth, though sometimes it could falsify the information as well. The various information and data related to truth must be discussed properly, and then promoted through television and newspaper; otherwise it might create a negative impact as well as create some kind of prejudice and conflicts among people as well. The model of Mills Liberal Media also consisted of freedom of media and expression, which ensured protecting the freedom too (Brown, 2005). The journalists had played a vital role to present the voice of general public while the censorship had been done so as to prevent truth to expose. The media could act as a self regulatory body that would keep regular check on the Government and further take help of Internet and televisions so as to discuss about certain matters and ensure freedom of expression to people as well (Haufler, 2013). Give examples in your analysis. (ORANGE) Few examples were considered during the analysis of this self regulation process by the media industry comprising of the free to air broadcasting on televisions, advertising activities and also utilization of internet. One such example was the case when two bloggers posted offensive comments on the internet web sites related to the anti Muslim and anti Malay materials. This resulted in accusing many people and also discriminate them based on their race, origin or ethnicity (Hritier Eckert, 2008). Due to this, there could be various situations when the people might get affected and create racial conflicts and violence as well. There were also other media services where sexual materials were broadcasted on television, which gave rise of child pornography and other illegal activities. Another example was the applying of sedition charges against Leslie Chew, who was a political cartoonist and used promote politically nuanced comics on the Face book pages. This resulted in offensive acti vities and also promoted feelings of hostility and bad image about the political parties among the minds of public (Dal Zotto Van Kranenburg, 2008). The person who was allegedly confirmed as guilty for these kinds of activities stated that his works were fictional and had no relevance with the actual political matters or public events, was later dropped from the sedition charges. Other examples included for the analysis of this research topic could be the blogger who posted racist comments on his personal blog (Kunkel et al, 2010). Due to this, he was charged according to the Sedition Act of Singapore. Later, it was clearly confirmed that there was no need to educate the children about the multi racialism in Singapore. The Government also decided to review the legislations and codes of practices related to the media services and how these activities of people had created a negative impact. Afterwards, he was fined with $5,000 and stayed in jail up to three years imprisonment (Puppi s, 2007). References Brown, G. (2005). The rough and rosy road: Sites of contestation in Malaysia's shackled media industry.Pacific Affairs,78(1), 39-56. Dal Zotto, C., Van Kranenburg, H. (Eds.). (2008).Management and innovation in the media industry. Edward Elgar Publishing. Haufler, V. (2013).A public role for the private sector: Industry self-regulation in a global economy. Carnegie Endowment. Hritier, A., Eckert, S. (2008). New modes of governance in the shadow of hierarchy: self-regulation by industry in Europe.Journal of Public Policy,28(01), 113-138. Kunkel, D., McKinley, C., Wright, P. (2010).The impact of industry self-regulation on the nutritional quality of foods advertised on television to children. Children Now. Kunkel, D., McKinley, C., Wright, P. (2010).The impact of industry self-regulation on the nutritional quality of foods advertised on television to children. Children Now. Omarova, S. T. (2011). Wall Street as Community of Fate: Toward Financial Industry Self-Regulation.University of Pennsylvania Law Review,159(2), 411-492. Puppis, M. (2007). Media governance as a horizontal extension of media regulation: The importance of self-and co-regulation.COMMUNICATIONS-SANKT AUGUSTIN THEN BERLIN-,32(3), 330. Puppis, M. (2010). Media governance: A new concept for the analysis of media policy and regulation.Communication, Culture Critique,3(2), 134-149. Sharma, L. L., Teret, S. P., Brownell, K. D. (2010). The food industry and self-regulation: standards to promote success and to avoid public health failures.American Journal of Public Health,100(2), 240-246. Storey, J., Salaman, G., Platman, K. (2005). Living with enterprise in an enterprise economy: Freelance and contract workers in the media.Human Relations,58(8), 1033-1054. Wilde, P. (2009). Self-regulation and the response to concerns about food and beverage marketing to children in the United States.Nutrition reviews,67(3), 155-166.
Saturday, April 18, 2020
How to Get Your Essay Answers Right
How to Get Your Essay Answers RightSome teachers would have you believe that the SAT essay samples are there only to get rid of your answers, rather than getting them right. On the other hand, some would insist that they want a variety of answers and would not be interested in your first answer. Fortunately, in this article, we will explore the best ways to get your essay answers right.The first thing you should do is realize that these SAT sample questions are actually there to train you on how to craft your own answers. It's also a great way to work with the questions for the test. It's always good to feel like you are competing against a real person when answering these kinds of questions.When doing the essay sample question, don't worry about getting your answers correct. Remember that the real purpose of these is to train you on how to craft your own essay answers. Besides, it's easier to accomplish that than to go through all the previous problems and practice answers.What you can be concerned about though is taking the essays prepared by the SAT essay samples. After all, the next questions are pretty much a clone of the first one. All you have to do is make sure that your answers fit nicely into the context of what was already said.Of course, the answer should also conform to the topic of the SAT question. Make sure that you have an idea about the topic by looking at the prompt on the sample essay. In case you get a question on the same topic, try to use your thought processes to come up with your answers.The other thing that the SAT essay samples will teach you is how to format your essay. This means that you must be able to be disciplined enough to make sure that you adhere to the guidelines. While you are writing your essay, keep your own thoughts aside and focus on the question or ideas asked by the teacher.In some cases, the template of the SAT essay samples might only apply to the questions. In case you get one that is specific to the question itse lf, you'll need to do some changes in the content. Once you have it done, try using it on the real exam.In conclusion, there are really no limits on how you can approach the SAT essay samples. In case you want a better idea on what they are trying to get from you, think of how they would probably be after preparing for the real exam. This would give you a hint on how to proceed.
Wednesday, April 15, 2020
From Modernism to Postmodernism
Some words comprise of action or movement but the real definition of these words is not conversant. This is the same case with modernism and postmodernism. However, modernism has something to do with drama, music, literature, visual and performing arts while postmodernism are scientific perception away from art.Advertising We will write a custom essay sample on From Modernism to Postmodernism specifically for you for only $16.05 $11/page Learn More At the dawn of 20th century, superb literary critics and writers embarked in modernism literature leading to the centuryââ¬â¢s modernism. According to literature understandings, modernism is an art of subjectivism and impressionism. Stories created under modernism based their mood in third-person narration. Furthermore, writers wanted a clear distinction between different genres while in poetry poems were just documentaries. Modernism came into limelight when sentiments, logic and power of vision borrowed h eavily from schools of thought like positivism and naturalism. Century writers wrote materials unleashing new life styles. This is because, these writers wanted to bring in new vigor into a new century, because, the former century was marred by copying western cultures and scary activities. The desire to move out of the era of modernism to postmodernism was desirable. On the other hand, postmodernism will comprise of new visions that empower people to think on their own and act by themselves. Unlike modernism, the evolution into postmodernism saw humanity adored and technology advance. The papers will examine how modernism evolved into postmodernism. Of great importance to note is the change in writing, analyzing and thoughts. Instead of positivism and naturalism as schools of thought, modernistic schools portray the true nature of postmodernism. (Madsen Para.1-2). Modernism is of great importance. In fact, without modernism, postmodernism is a dream never come true. From evolution to Christianity to science and technology, modernism played a big role. Therefore, modernity of yesterdays is modernism while todayââ¬â¢s modernism is postmodernism. Something that only changes between these two periods is perceptions. Writers, politicians under pressure to restore sanity, sought to think and act so that postmodernism becomes a reality. (Rachel Para. 6-9). The First World War depicted a society full of chaos and disarrays in social norms. Modernist authors like Elliot, Pound and Yeats capitalized this situation to shed light on the dangers of continuing to abhor past tenets. Egalitarian societal norms from western culture and disgusting chaos forced these authors to adopt elitism as a new thinking style. However, elitism evolved to critical thinking in postmodernism. For example, on science matters, literary critics teased readers with strong sentiments that invoke their power of logic and reason. Though modernism seems to be fragmentation of ideas, at least, the re is an art vision. The changed perceptions were leading people and nations towards postmodernism. (Hoffman Para. 1-11).Advertising Looking for essay on art? Let's see if we can help you! Get your first paper with 15% OFF Learn More Indeed, there are differences between modernism and postmodernism. Nevertheless, these problems arose due to discarding old dogmas and adopting new and outstanding perceptions. Some authors define a change of modernism to postmodernism as changes that come within capitalistic markets. The dawn of modernism in early 20th century flanked by technological advancements like in the motor industry, aesthetics and literature begun a new thinking approach. Another characterization associated with modernism during this early period of the century was monopolistic capitalism of electric motors. On the other hand, it came a period of postmodernism in consumer capitalism where an art of exchange of commodities and services perfect. The latest advances in electronic consumer goods and nuclear proliferation associate with postmodernism. Thus, the change from modernism to postmodernism fuelled by new ideas into art, aesthetics and science saw an era of postmodernism. (Klages Para. 18-25). From the above analysis, it is evident that, modernism was a view based on art and literature while on the other hand, postmodernism is a view based in the science of manufacturing and consumer capitalism. During the modernism era, crude means took precedent. However, as knowledge increased, sophisticated means came to limelight hence, postmodernism. Postmodernism started after the end of Second World War paving way for new ideas and visualization. In a school of postmodernists, narration is the driver of truth and reflections. Moreover, postmodernists adopt new data and new visions while modernistic values and cultural norms such as fascism disappear. British writers in the postmodern age like Plath, argues that, postmodernism is about conceptual , and far-reaching thinking rather than theoretical explanations. (Klages Para. 30-39). Notably, in modernism, disorder and chaos ruled. These cataclysmic and intriguing events together with western lifestyle, dictated the type of literature authored challenging modernism. Interestingly, on the other hand, postmodernism outpaced these events by rather adopting an ethical and moral ground. Thus, books, poems, and narratives authored during modernism age focused more about ills of that society. Postmodernism writers centre their literary materials on morality, consumer capitalism and new thinking techniques as an achievement. This is because, postmodernism compose of these hard worn values.Advertising We will write a custom essay sample on From Modernism to Postmodernism specifically for you for only $16.05 $11/page Learn More In conclusion, modernism and postmodernism are schools of though that differs only in vision and thinking. Though gone, modernism characterized by insanity, portrayed hoe fragment the school of thought it is. On the contrary, postmodernism school of thought comprise of respecting the rule of law, respect of human rights and guarantees freedom of expression. The change of modernism to postmodernism is an evolution of traditional believes and practices to a modern way of thinking. Additionally, these include the latest advancements in manufacturing, capitalism, science and technology. Nevertheless, postmodernism is vision-based and far much better than modernism. Overall, modernism and postmodernism differ because, the later is visionary than the former. Work Cited Hoffman, Louis. Premodernism, Modernism, Postmodernism: An Overview. 2008. Web. Klages, Mary. Postmodernism. 2007. Web. Madsen, Art. The Advent of Modernism and the Drift toward Postmodernism. (n.d). Web. Rachel, Evans. From modernism to postmodernism: evolution vs. accommodation. 2008. Web. This essay on From Modernism to Postmodernism was written and submitted by user Heather Riddle to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.
Thursday, March 12, 2020
Summary and Response to When Bad Thing Happen to Good People essays
Summary and Response to When Bad Thing Happen to Good People essays Rabbi Harold S. Kushner's work, When Bad Things Happen to Good People, was inspired by the suffering he experienced with the tragic death of his son, Aaron. He, like many people who experience tragedy and loss, especially the loss of a child, experienced a search for meaning and a crisis of faith. This is especially interesting, considering the fact that Kushner is a Rabbiand it shows how "bad things" can cause a struggle in faith in anyone. He writes that he composed the book for people, like him, "who have been hurt by life," and now struggle with God as a result. Kushner begins his book with a discussion of the universal question, "Why do the righteous suffer'" He then provides a summary of the commonly quoted "reasons," including punishment, trial (the righteous being "tested), suffering as contribution to a "grand design," as an education, Kushner then comments on the "story of Job," the archetypal Biblical tale quoted in relation to suffering, and concludes that God is not all powerful, but, instead is "all good." The third chapter deals with indiscriminate suffering, i.e. "wrong place at wrong time." And concludes that some things "just happen" for no In chapter four, Kushner comments on the fact that good people are not exempt from suffering. People don't suffer because of being "bad." Instead it is due to "natural law," which is blind. The fifth chapter deals with "evil," and the human ability to choose it. That some evil committed by people (do to their human choice), can result in sufferingthat has nothing to do with God. Kushner points out in chapter six that God can only help those who help themselves accept or handle their sufferingthat the individual can contribute to suffering by their reaction to it. Chapter seven asserts that God cannot do ev ...
Tuesday, February 25, 2020
Managing Employee Relations Essay Example | Topics and Well Written Essays - 3250 words
Managing Employee Relations - Essay Example With regards to maintaining a working and mobile corporate structure, EIP has been playing an active influential role for the companies. In other words, the above discussed idea tends to maintain the working balance within different corporate organisations (Apostolou, 2000, pp. 21-23). Observably, EIP is held accountable for stabilising corporate order by providing effective guidelines and developing individualsââ¬â¢ behaviours. This particular approach has often been advantageous for organisations to attain their respective goals along with objectives by strengthening decision-making procedures and utilising the available resources effectively. The efforts of individual employees and inputs are highly regarded as important elements that help in attaining the fundamental objectives of the firms and enabling them to grow in an efficient manner. Additionally, EIP is not only an important part as per the industrial context, but also contributes in the development of the overall economy (Holden, n.d., pp. 560-563). With this concern in mind, the prime intent of this essay is to argue about the fact that EIP fundamentally intends to weaken the collective will of the workers by individualising their respective actions and also aligning them with the goals of the employers. Moreover, the essay also discusses the disadvantageous factors involved with the notion of EIP that might impose negative impacts over the working process of the employees as well as the performance of the organisations in order to argue the aforesaid fact (West Virginia Department of Health and Human Sources, 2014, pp. 1-2). It is strongly believed that with the rise in globalisation and internationalisation, the value of employment has raised gradually. Justifiably, the companies have started valuing the involvement of employees in their operational procedures, mostly related to decision-making.
Saturday, February 8, 2020
Morality - Philosophy Essay Example | Topics and Well Written Essays - 1500 words - 1
Morality - Philosophy - Essay Example Indeed, broader ramifications of oneââ¬â¢s morality and ethical behavior are significantly influenced by his socio-religious compulsions. Thus, morality becomes highly debatable and objective issue within the field of philosophy that is interpreted and rationalized differently by different individuals. Philosophy is intrinsic part of life which people exhibit through their actions and reactions to events in their life. The wisdom and individual perspective to various issues and aspects of oneââ¬â¢s life reflects the individualââ¬â¢s philosophy. Each individual responds to other people and circumstances as per his values and principles based on his socio cultural and religious paradigms. Many of these values are imbibed through associations and peer relations, while others are evolved through personal experiences. These values become critical aspects of oneââ¬â¢s life while determining the standards of good and bad things that help him in making informed choices. In the contemporary environment of rapid globalization, the wide diversity of socio-cultural and religious paradigms often results in diverse ethical and moral practices across different societies. People coming from different cultural background may endorse different ideologies and views regarding issues and their actions are good or bad would depend on the moral norms and value system of their culture. These become vital considerations for moral dilemmas in the contemporary times of multicultural societies. Thus, understanding of cross cultural value system is encouraged within and outside the society so that moral and ethical dilemma could be resolved easily and amicably. Interestingly, philosophers assert that morality and ethics could be different but the wider ratifications of the same are designed to have similar outcome which is to ensure that happiness is the result. Morality can broadly be described by rationalizing oneââ¬â¢s
Wednesday, January 29, 2020
Hedge funds Essay Example for Free
Hedge funds Essay In order to better understand how hedge funds played a role in the recent crisis affecting the financial market, it is important to first understand how hedge funds work. Hedge funds are similar to mutual funds in that money is pooled from investors and then invested in selected financial instruments in order to gain a positive return. Hedge funds however are not monitored by the Securities and Exchange Commission since the securities they issue are considered as private offerings. In order to get the maximum return for their investors, hedge funds often employ strategies like investing in ventures that have high risk. One way of doing this is through derivatives. Derivatives are financial instruments that gets if values from the value of a particular underlying asset like bonds, exchange rates and commercial real estate loans. Another way that hedge funds obtain good returns is by employing the strategy of arbitrage. This is actually just exploiting the pricing inefficiencies with respect to certain related assets. A hedge fund for example can buy shares of a company from one exchange and then sell them to another which ensures profit. Aside from the strategies it implements, hedge funds typically face large risks themselves. This is because hedge funds are highly leveraged. Hedge funds borrow money that is greater than what was originally invested. It is not unusual therefore for a hedge fund to borrow $20 for every $5 that it gets from an investor. So how does all this fit in the recent crisis faced by the financial market? In order to answer that, one has to look at how subprime lending works. The basic premise of subprime lending is to provide loans to people who are not qualified to obtain them in the first place. These borrowers did not qualify due to some factors like credit history and income level, to name a few. In the past, when banks loaned money, it was the one who faced the possibility of default termed as a credit risk. Current practices in the financial market however have allowed banks to sell these mortgage payments as well as the credit risk involved to investors. This method is known as securitization. As a result, instead of having to face the credit risk alone, banks are now able to ââ¬Å"spreadâ⬠these risks to a large number of investors. The problem arose when lenders, who had initially obtained loans on the idea that they would be able to refinance them on more favorable terms, were now faced with higher interest rates. Consequently, prices of real estate dropped which lead to foreclosures and defaults. As a result, banks and other financial institutions were faced with losses leading to the financial crisis. Now as the banks continued to distribute the credit risks, these investment were considered high risk and high yield. Which of course made them lucrative for hedge funds. Thus as the risks related to these securities increased, it made them more viable to be placed with investors that had high leverage. Hedge funds became a likely source of investors since being unregulated, they had no need for capital requirements. Thus when these funds were unable to sell the subprime mortagages, especially since they were hoping to only hold it for a short time, they went out of business which actually contributed to the crisis. To get a better picture, let us look at two strategies employed by hedge funds already mentioned earlier. First is derivatives, particularly credit default swaps. Credit default swaps, or CDS as they are often called, are insurance contracts that are used to protect bondholders in the likelihood of default. CDS are considered as two-party contracts since a company that incurs a loss will be able to gain a profit somewhere else ensuring that there is no actual loss. Recent market practices however have allowed CDS to be used either speculatively or even as insurance to a specific credit risk. The problem thus arose when there was uncertainty as to who would pay for these losses. Such was the case with Lehman Brothers. Hedge funds, which are highly leveraged to start with, put investments in Lehman. It is possible that due to these investments, Lehman was also able to invest in CDS. When Lehman was unable to sell its CDS, it was eventually forced to file for bankruptcy. Another practice of hedge funds that could have contributed to the crisis is securitization. The market practice of allowing securitization also allowed the banks to put the debt that is associated with these same securities into SIVs or structured investment vehicles. SIVs are considered as entities that are in off-balance sheets. Because of these status, the increase in risk meant and increase in yield. Hedge funds therefore were drawn to these since by not being in the books, the requirement for capital reserve was circumvented. Former Federal Reserve Chairman Alan Greenspan is even quoted to have said that it was the securitization and not the loan that was the cause of the crisis. While we can conclude that hedge funds contributed to the current financial crisis, they are not the sole factor and possibly not the originator. Hedge funds by themselves also have positive impacts on the market. Because of their strategy of having arbitrage, they are actually helping reduce or even eliminate the mispricing that is currently prevalent in the markets. Despite being highly leveraged, hedge funds can actually provide the needed liquidity for companies. This was seen when the hedge fund Cerberus bought the ailing Chrysler company allowing for jobs to be saved. The practice of hedge funds investing in high risk investment have become a good source of risk transfer as well as diversification. While the crisis may not signal the end of hedge funds, only time will tell if they are truly a help to the market or a mistake. References: U. S. Securities and Exchange Commission. Hedging Your Bets: A Heads Up on Hedge Funds and Funds of Hedge Funds. Retrieved November 8, 2008, from http://www. sec. gov/answers/hedge. htm Research RECAP. (2007, December 21). Role of Hedge Funds in Subprime Crisis Examined. Retrieved November 8, 2008, from http://www. researchrecap. com/index. php/2007/12/21/role-of-hedge-funds-in-subprime-crisis-examined/ Federal Reserve Bank of New York. (2004, November 17). Hedge Funds and Their Implications for the Financial System. Retrieved November 8, 2008, from http://www. ny. frb. org/newsevents/speeches/2004/gei041117. html/
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