Monday, October 29, 2012

Research Paper Outline


Potential outline for paper: I'm interested in the traditions of storytelling and folklore in the American Indian culture. I'm not positive it will be an appropriate topic for my research paper, but I am hoping that I can do some research and form a thesis from what I find. Until then, this is the basis for the research I will be starting.

Claim:
An exploration of American Indian storytelling/folklore

Support:
-Is there a similar formula for the stories?
-Purpose of storytelling, who did the telling? Who passed down the stories?
            -How storytelling connects to other traditions/rituals
-Differences in stories and story telling among different tribes (NE, NW, SE, SW)
            -Creation
            -Animals native to the different regions?
-Compare/contrast to American stories (children’s stories?)
-Explore motifs
-Purpose of stories (ex. Teaching morals or otherwise?)
-Any aspects adopted from American Indian tradition by the colonists?
-Were any stories created around the colonists? (positive or negative)
            -If so, how was the “white man” portrayed?


Warrant:
-Did stories/traditions survive the colonization period?
-If so, any particularly famous ones? (In the Cherokee area specifically)
-Importance of keeping tradition alive?


Wednesday, October 3, 2012

Dear President Obama


Dear President Obama,

Thank you very much for taking the time to read my letter. I know that your responsibilities are vast, but it means a lot that you consider interacting with your citizens an important one. I am a freshman at The University of North Carolina at Asheville and am in an honors language class that is based around documentary film. This week we watched Charles Ferguson’s Inside Job. Admittedly, though I am an attentive student and an inquisitive individual, I am not the most familiar with the complexities of the current financial crisis that plagues our country. Inside Job was highly didactic and gave me a basis for understanding the situation. I must say I was shocked by what I learned.

The film reveals to its likely uninformed audience, a clear idea of what activity on Wall Street really looks like. I was introduced to derivatives and to how they allow investment banks to bet on anything, even such immaterial things as the weather, and still make a profit. I also learned that “big wig” individuals use this profit for frivolities such as expensive “escorts,” elaborate drug habits, and extravagant homes, and cars.

Elliot Spitzer, the very man who’s personal business regarding his activity with prostitutes cost him his New York governor office in 2008, humbly said “there’s a sensibility that you don’t use people’s personal vices in the context of Wall Street cases, necessarily to get them to flip. I think maybe after the cataclysms that we’ve been through, maybe people will reevaluate that, I’m…I’m not the one to pass judgment on that right now.” Perhaps your administration believes that the cases are not the same.

You have been quoted as saying “A lack of oversight in Washington and on wall street is exactly what got us into this mess. We need to change Wall Street’s culture.”
And yet you have since made appointments to your administration that are counterintuitive to your proposed priorities.

In 2006, when subprime lending was at its highest and Ben Bernanke was Chairman of the Federal Reserve Board, he received numerous warnings about the dangers of unregulated derivatives. He and the Board refused to do anything, or to look into the possibility that the bubble could burst and have overwhelmingly destabilizing effects. Therefore I was surprised and confused to learn that in spite of his negligence in his position, during your Presidency, Bernanke was reappointed as Chairman in 2009. You appointed Timothy Geithner as Treasury Secretary after his less than adequate role as the President of the Federal Reserve during the crisis. Gary Gensler, a former Goldman Sachs executive, who helped ban regulation of derivatives serves now as the Chairman of Commodity Futures Trading Commission.

Though you have spoken about change being needed, as of mid 2010, you had made no attempts to recover any of the compensations given to financial executives during the bubble. Not a single senior financial executive had been criminally prosecuted or even arrested. Not a single financial firm had been prosecuted criminally for securities fraud or accounting fraud.

I know your job as executive is extensive and that it takes time for policy to be proposed and enacted. I believe in many of the things that you have established as important. But I also believe you can do better by America. For our sake and the sake of posterity, remain strong in your opinions on regulation and reform of our economy. Take action; it will not go unnoticed. Make people take responsibility for their actions. Don’t let the corruption take place under your nose. I beg this of you Mr. President. The future of our nation wholeheartedly depends on it.

Thank you of your time.

Respectfully,

Sarala Mahlin Korn 

Monday, October 1, 2012

Greed at its Worst


When I began viewing this documentary, which takes a look at the build up to and causes of the current economic recession, I was afraid it would be a boring, complex, and confusing take on an issue which I already found difficult to fully comprehend. However, the film successfully gave me a basis for understanding the crisis. Director Charles Ferguson combined many varying interviews with easy-to-understand visuals – for those of us that aren’t economic wizzes. I felt as though I was being taken on a journey from the years prior to the crash up to the present (or nearly so, as the film was made in 2010). What I witnessed was shocking.

Economic Liberals are in favor of more regulation on the free market, and there is evident economically liberal bias in this film. The director focuses on the negative consequences of such little regulation of the banking industry’s behavior. However, I still thought the argument was very thoroughly expressed. Ferguson not only criticized both the Bush and Obama administrations instead of favoring one over the other, but he also left out the political affiliations of all subjects of the film. Ferguson made sure to note that when he was speaking about a specific individual’s less than moral behavior, the individual would not agree to be interviewed for the film. He did not simply show one side and condemn the other. Ferguson did interview a few people who were directly involved, and was insistent about receiving answers. Some may argue that he was too combative with his interviewees and that a line needed to be drawn, but in a situation where the events are laid out in black and white, I appreciated his determination to wheedle out some truth.




It is clear to me that the sole force driving the investment banking industry is GREED. To quote the Grinch, “the avarice! The avarice never ends!” But really, in all seriousness it is disgusting how the powerful, influential, big shots of the economic and banking worlds manipulate the goings on for their own benefit. They knowingly make bad loan investments with people who they are aware will likely never be able to pay them back, and then bet against them. They rate bad loans with high grades so as to convince their borrower. Then when the borrowers cannot pay back the money, the bankers still make money off of them. It’s sick. These men and women reap enormous benefits from their jobs. I was absolutely flabbergasted to discover that when the economic bubble popped, CEOs, CFOs, etc. simply resigned and were PAID OFF. Their punishments for fraud were their multi-million dollar severance checks. The vast majority of these conniving “businessmen” never went on trial for their corruption, and even some – as seen in appointments by both Bush and Obama – were rewarded for their cunning thievery.


I don’t want greedy, self-interested, dishonest, slime-balls controlling the Federal Reserve. I don’t want to pay taxes to bail out banks that were the causes of their own destruction. Why should we have to clean up their mess? Honestly I am so angry; I’m finding it difficult to articulately continue. I was perhaps most appalled to discover that for the right price, prestigious economics professors from ivy-league universities who must have known the dangers of the inflating bubble, have been recruited to write papers to support the banks and deny any issues with the lack of regulation! To hear some of these figures attempting to defend themselves was pathetic. There is no excuse. Why did they do it? Simple. They wanted another condo in Hawaii, a private jet, a yacht, or hell, a "high class" prostitute. There is no legitimate defense. Similarly, watching the few court appearances of some of the employees of Goldman Sachs and other banks was laughable. These men and women who have spend their careers on a power trip, are reduced to the despicable, thieving, scum they are, practically whimpering their feeble responses. The inherent manipulation, gluttony, self-indulgence, and blatant disregard for anyone but themselves, is abhorrent and unconscionable.