The role of the German banks and part they take in Essay Example For Students

The role of the German banks and part they take in Essay german companies, have been discussed and have served for quite a few controversial arguments. Originally during the 1980s Economists originally stated that it was good to have representatives in the individual companies, and having power within the company making decisions. Now in the 1990s their perception appears to have turned.What was at first seen as safety and conservativeness, is now called stiff, inflexible and short of creativity. The main reason for this discrepancy is the fact that the German system of old-age income security relies on the pay as you go principle. Fifteen percent of the pensions are funded, two thirds of these are private and the other one thirds are occupational funds.Doing it this way serves the purpose of having funds, and makes the process more tax efficient.If you compare the system to the U.S. you will agree that the flexibility and openness is much higher, and people are more willing to take a risk, over small long term profits, as the German banks. We will write a custom essay on The role of the German banks and part they take in specifically for you for only $16.38 $13.9/page Order now This can be seen by looking at the amounts of outstanding bonds. The U.S. has about four times more bonds outstanding than Germany. Where in Germany these make up 95 Percent of the GDP compared to the U.S. with 122 percent. The percentage of shares held by institutional investors as insurance companies, pension funds, and mutual funds in make up for about half, if not more of the outstanding stocks. The main issuers in Germany are gvt entities. Where in the U.S. it is presented by great variety of issuers. German banks combine commercial and investment banking, that is they give loans and arrange equity and bond issues. However, holdings in the industrial companies, supervisory board mandates, and proxy voting rights provide further channels of influence on listed companies and from the main basis for the recurring debate on the power of banks. The supervisory board in a AG (Aktien Gesellschaft) is appointed by the shareholders and the employees 50/50. The chairperson is elected by a two-thirds majority vote of the supervisory members. The problems which have occured up to date are members which have enriched themselves by the priviledges of being on the board, by fraud and embezzlement. Another downfall is the efficiency of control, due to the fact of shareholder representatives not wanting to criticise board members since they perceive them as peers. The main companies listed are banks and government entities are mostly Involved in companies, when sitting on the supervisory board, now passed to have no more than a five percent shareholder of the companyBasic Government StructureUnder the German Constitution, known as the Basic Law, the FederalRepublic of German (FRG) is a parliamentary democracy with a bicamerallegislature, an independent judiciary and executive power exercised by aPrime Minister whose title is Chancellor. The lower house of Parliament, The Bundestag, currently consists of 672deputies elected for a 4-year term. Members are elected through a mixtureof direct constituency candidates and party lists. The Basic Law and theLaender (state) constitutions stipulate that parties must receive atleast 5 percent of the national vote (or at least three directly electedseats in federal elections) in order to be represented in the federal andstate parliaments. The last national elections took place on October 16,1994. One must be 18-years old in Germany to vote. The president may be elected to two 5-year terms and his duties as chiefof state are largely ceremonial. Executive power is exercised by theChancellor who is elected by and responsible to the Bundestag. TheChancellor cannot be removed from office during a 4-year term unless theBundestag has agreed on a successor. .u0b1973a011413651febd379bc60c496f , .u0b1973a011413651febd379bc60c496f .postImageUrl , .u0b1973a011413651febd379bc60c496f .centered-text-area { min-height: 80px; position: relative; } .u0b1973a011413651febd379bc60c496f , .u0b1973a011413651febd379bc60c496f:hover , .u0b1973a011413651febd379bc60c496f:visited , .u0b1973a011413651febd379bc60c496f:active { border:0!important; } .u0b1973a011413651febd379bc60c496f .clearfix:after { content: ""; display: table; clear: both; } .u0b1973a011413651febd379bc60c496f { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u0b1973a011413651febd379bc60c496f:active , .u0b1973a011413651febd379bc60c496f:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u0b1973a011413651febd379bc60c496f .centered-text-area { width: 100%; position: relative ; } .u0b1973a011413651febd379bc60c496f .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u0b1973a011413651febd379bc60c496f .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u0b1973a011413651febd379bc60c496f .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u0b1973a011413651febd379bc60c496f:hover .ctaButton { background-color: #34495E!important; } .u0b1973a011413651febd379bc60c496f .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u0b1973a011413651febd379bc60c496f .u0b1973a011413651febd379bc60c496f-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u0b1973a011413651febd379bc60c496f:after { content: ""; display: block; clear: both; } READ: The Road Not Taken - An Analysis EssayThe upper house, the Bundesrat, is composed of delegations from the 16state governments and has a proportional distribution of its 68 votes,depending on the population of the state. The role of the Bundesrat islimited but it can exercise substantial veto powers over legislationpassed in the Bundestag when the proposed legislation would affect thenumerous prerogatives of the Laender. Among these are matters relating totax reform, law enforcement and the courts, culture and education, theenvironment, and social assistance. The political parties represented in the Bundestag are: The Christian Democratic Union and its Bavarian sister party, the Christian Social Union (CDU/CSU). The CDU/CSU is generally conservative on economic and social policy. The Social Democratic Party (SPD), which abandoned the concept of a class party in 1959 while continuing to stress social welfare programs. The Free Democratic Party (FDP), which is composed of those who consider themselves independents and heirs to the European liberal tradition. The Party of Democratic Socialism (PDS), which is the successor party to the SED (the communist party of the former German Democratic Republic). The Alliance 90/The Greens (Buendnis 90/Die Gruenen), which has an environmentalist, pacifist platform.

Allen Ginsberg essays

Allen Ginsberg essays Themes and Values of the Beat Generation As Expressed in Allen Ginsberg's Poetry Perhaps one of the most well known authors of the Beat Generation is a man we call Allen Ginsberg, who expresses the themes and values in his poetry. He was, in fact, the first Beat Writer to gain popular notice when he delivered a performance of his now famous poem, Æ’HowlÆ’Â °, in October of 1955. The Beat Generation is typically described as a vision, not an idea and being hard to define. It is characterized as Æ’a cultural revolution in process, made by a post-World War II generation of disaffiliated young people...without spiritual values they could honorÆ’Â ° (Charters XX). Although first condemned and criticized, it became a national phenomenon. Allen Ginsberg expressed the intangible beliefs of this generation in his poems about his childhood, curiosity, war, freedom of thought, and other people. Through Allen GinsbergÆ’Â ­s ideal individualism, he has been able to express the themes and values of the Beat Generation. Because of Allen GinsbergÆ’Â ­s tormented childhood, many of his poems were about his relationship with his mother and his own mental problems. Allen Ginsberg was born in Patterson, New Jersey to Louis and Naomi Ginsberg on June 3, 1926. His mother became insane during GinsbergÆ’Â ­s formative years. She was described as a paranoid schizophrenic, believing she was in danger from assassins and was spied on by everyone, including her own family members. For example, in the poem, Æ’HowlÆ’Â °, Ginsberg writes Æ’ I saw the best minds of my generation destroyed by madness, starving hysterical naked...Æ’Â ° (Charters 62) of his mother, Naomi. This statement employs him as a witness to the destruction. Her struggle for sanity eventually led to the deterioration of her sons sound mind. Kaddish is a poem written by Ginsberg for his mother. It is 2. a relatively confessional poem and indirectly addresses the reader, or...

Musical Instrument Museum Analysis Essay Example | Topics and Well Written Essays - 1000 words

Musical Instrument Museum Analysis - Essay Example Hulusi: this instrument combines both bamboo and gourd material to produce a reed wind instrument that is played by blowing. It has three pieces but blowing is done in the center piece to produce a pure sound that looks like that of a clarinet. The instrument is widely used feelings of softness and tenderness. There are many instruments presented in the film that are also showcased in the Musical Instrument Museum. The Musical Instrument Museum contains many Chinese musical instruments from the ancient times to the modern instruments that have been incorporated in mainstream music including rock, orchestra, bands, and operas among others. Some of the instruments that are presented both in the films and the Musical Instrument Museum include; Woodwinds, Double-Reed, Slit Drum, Short-Necked Lutes, Long-Necked Lute, Hammered Dulcimer, Gong, Free Reed, Flutes, Drums, Two-Stringed Fiddles, bells, Hulusi, Xiao, Xiao, Pipa, Suona, Dizi, Guzheng, Guzheng, Banhu, Xun, Flute, Erhu, Dulcimer, Hu qin, Hulus, Chimes and Sun among others. The Musical Instrument Museum showcases not only the Chinese musical instruments but also performance of Chinese ancient music featuring traditional melodies and modern melodies. The museum also presents modified Chinese instruments that have been influenced by European and western music. Just like in the film, the museum has organized the different Chinese instruments according to their origin, category and material used to make it.