Catastrophe bonds are a new type of insurance securitization and have become increasingly popular in the insurance industry throughout the 21st century. Unlike traditional reinsurance products, cat bonds are “fixed income instruments issued primarily by insurers and reinsurers as a way of passing on their exposure to potential large financial risks associated with natural catastrophes” (Ip). in the form of an insurance linked security. These securities are designed to protect insurers and reinsurers
acrobatics and stunts, acting, top politics and business. Or one could include all situations and events where people are put under extreme stress and have to perform well, like during expeditions, in idealistic humanitarian work, during hazards, and catastrophes. At the same time, one should not develop a sort of elite ethic. We need a new ethic that defines the ethical tolerance level in elite sport and that also points to some of the possibilities for development of both character and virtues under extreme
In the Face of Adversity “Most of the important things in the world have been accomplished by people who have kept on trying when there seemed to be no help at all.� Dale Carnegie believed that perseverance could overcome even the harshest obstacles. Perseverance is inspired by a purpose, an unsatisfied drive to achieve a goal. During a cataclysmic event, only people with a purpose endure. In Night, Eliezer endures the Holocaust with a purpose to keep his father alive. He is a 15 years old boy
nose and take my pills all of the time. My being sick is a big hassle, but it is not really a high quality of stressor. Hassles can cause quite a bit of stress, but they are nothing compared to a catastrophe. Catastrophes are unpredictable events that can change your life permanently. The biggest catastrophe in my life was when my best friend, Dre, died. It was hard for me because I knew what was happening to him but there was nothing I could do about it. My parents didn't know about him so I couldn't
Marxism. Eulogy and Detraction In East Marx is no longer reffered to as he is held responsible for the totalitarian catastrophe. In West he is still disputed but, almost always, his views are no longer connected to all that they have determined. Some read Marx particularly for the “evil� he is assumed with, for the horrors of communism. Others, read him just for political reasons. I read Marx so as to be completely able to demonstrate that Marxism may still represent an adequate way of dealing
examples of tragedy in literature, though for separate reasons and by distinct methods. The definition of a tragedy, in a nutshell, states that for a character to be considered tragic, he/she must be of high moral estate, fall to a level of catastrophe, induce sympathy and horror in the audience, and usually die, and in doing so, re-establish order in the society. Hamlet follows this to a "T". Death of a Salesman does not fall within these set guidelines but is still considered tragic for
Which of these movies provides a more effective wake-up call about impending global catastrophes? “The Day After Tomorrow” and “Outbreak” both raise important concerns regarding the world that we live in. The first movie seems to serve mainly as a warning that as a people of this planet we need to do everything in our power to stop destroying our world. “Outbreak” demonstrates the vulnerability of the United States and for that matter all nations of the world in dealing with large epidemics. Though
observations he was amazed mostly with the effect that natural forces had on shaping the earth’s surface. During this time, most geologists stuck to the so-called catastrophes theory that the earth had experienced a succession of creations of animal and plant life, and that each creation had been destroyed by a sudden catastrophe, such as an upheaval of the earth’s surface. It was said that the Noah’s flood had wiped away all life ex-cept those forms taken into the ark. The rest were
Part 1: Summary In this book, Kolbert travels to many places to find out what is happening with global warming. Quite often she ran into the same fear at the places she went, the fear for loss before the next generation. When she went to Alaska, many people were fleeing from their homes because the sea ice surrounding them, creating a buffer zone for storms, was melting and that was causing houses to just be swept away. A man in Iceland who has monitored glaciers predicted that by the end
examples of tragedy in literature, though for separate reasons and by distinct methods. The definition of a tragedy, in a nutshell, states that for a character to be considered tragic, he/she must be of high moral estate, fall to a level of catastrophe, induce sympathy and horror in the audience, and usually die, and in doing so, re-establish order in the society. Hamlet follows this to a "T". Death of a Salesman does not fall within these set guidelines but is still considered tragic for
Crucible is a journey through the trials of many townspeople caused by the superstitious belief of witchcraft. In The Crucible, Arthur Miller progresses and evolves the outlooks and views of the townspeople of Salem and shows how events, people, and catastrophes cause the characters to change their views on whether the people prosecuted were guilty or innocent of witchcraft. Reverend John Hale changes his view, more and more drastically as the play advances, as a result of the events that he underwent
A tragedy by definition is “a drama which recounts an important and casually related series of events in the life of a person of significance, such events culminating in an unhappy catastrophe, the whole treated with great dignity and seriousness';. The Greek tragedies are plays based on myths which were well known and enjoyed by audiences. Most of the plays encompassed certain elements that Aristotle identified in his Poetics. The five Aristotelian elements for a tragedy are: 1. The tragedy
Civil War resulted in needless, devastating deaths of thousands of soldiers. What we might not be aware of, however, is the number one killer throughout those years. More soldiers died from this single calamity than battle wounds or blood loss. The catastrophe that tragically affected more soldiers than any other element of the war was disease. Diseases did not only affect the soldiers in a tremendous way. As I will discuss in greater detail further in this paper, diseases gave an advantage to the
chewing laughter to swallow her all away. It was not a story to pass on. - Toni Morrison, Beloved To write history means giving dates their physiognomy. - Walter Benjamin For philosopher, essayist and critic Walter Benjamin, history is catastrophe. Standing as he does at the dawn of World War II and reflecting back on the devastation of the First World War, Benjamin sees history stretched out before him and knows that it marches forward, goosestepping over the prone bodies of those who could
becomes the model of the kind of revenger that Hamlet so disdains. (125) A.C. Bradley in Shakespearean Tragedy analyzes the structure of Shakespearean tragedy: As a Shakespearean tragedy represents a conflict which terminates in a catastrophe, any such tragedy may roughly be divided into three parts. The first of these sets forth or expounds the situation, or state of affairs, out of which the conflict arises; and it may, therefore, be called the Exposition. The second deals with the
reference to time. According to Alexandr Slonimsky in an essay written in 1922, "A notion of the grouping of three is dominant..." (429). In the major details of the story, we find "three fantastic moments" (Slonimsky 429), three cards, three major catastrophes, three main characters, and the use of six chapters, six being a multiple of three. The three fantastic moments are: "the story of Tomsky (Chapter 1), the vision of Hermann (Chapter 5), and the miraculous win (Chapter 6)" (429). These three moments
unhappy till they separate. Tom, Louisa's brother, acts careless and steals Mr. Bounderby. Tom wanted to live different of how he was raised, and that lead him to be cruel to his sister and at the end a thief. Mr. Grandgrind system, produce another catastrophe, who is Bitzer, a student in his school. He becomes a spy to Mr. Bounderby, and he then hunt Tom down, when he tried to flee not to be put to jail for his crime. Grandgrind redemption does not begin when Louisa converse with him. She inquires
completely lifelike view of a major catastrophe. The was Camus creates such a quiet masterpiece of literature is not by reading death statistics and important events; it is by his focus on the individuals involved in the crisis. The most striking feature of the novel is actually very sublime. The way Camus approaches the unthinkable catastrophe of the plague is actually the opposite of the way the media in society today reports and enjoys to hear about such catastrophes. It is much easier to deal with
fast. Eventually there is going to be overpopulation and resources are going to run out if something is not done. We know earth is overpopulated and that a control over population can be made or at least something can be done so there is not a catastrophe. Population growth can be determined using exponentials which directly relate to derivatives. This is a tool that can be very helpful for anthropologist and sociologists in the world (which have nothing to do with mathematics). Not only to know
innocence, trust, and idealized love by a cynical and maliciously motivated worldliness, which regards the very existence of innocence and beauty as its motivation: 'the divinity of hell'. Iago's manipulative malignity is a crucial factor in the tragic catastrophe but it also serves to highlight through contrast the alternative values in the play, amongst which one can include innocence and naivety. In the argument below innocence is understood to be inexperience of the world but also that which is separated