Article Analysis Paper Essay Example | Topics and Well Written Essays - 750 words

Article Analysis Paper - Essay Example This followed the return from Greek securities that totals up to 33% in the year until recently, making it the most among sovereign markets that are tracked by Bloomberg indexes. The fact that private investors would be up and running in order to purchase medium-term Greek notes at 4.75% yield is a clear indication of the desperation attempts to overcome their economic fiasco. The Greece financial crisis therefore dates back to four years ago when that began to seek assistance from the international monetary fund and the European Union for funds. The Thursday bomb explosion is evidence that people are not happy with the current economic situation in Greece. The fact that the big bond was offered since the sovereign debt four years ago does not imply that the economy will be brought back on its feet and on time. It indicates that the decision does not serve to address the situation on anonymous grounds which breeds grounds for conflict. The group believes that the move by the Greece government is a cosmetic step that is meant to dodge the real issues facing the Greece economy. The real issue at hand should be how the euro can be used to rebuild the economy without accumulating additional debt. Strategies that have been put in place to bail out the Greece economy may not give immediate results owing to the nature of the results expected. The bailout program which entails an 8.3 billion euro- aid payment makes it the first bailout program me since the last December. This follows projection that the Greek economy is expected to expand by an average of 0.6% in 2014 following six years of contraction has cost the economy approximately a quarter of its budget thereby leading to the rise in unemployment rate. Bidding of security bonds in the foreign exchange market has also propelled the loss of jobs in the country. It comes with an increase in taxes which results into inflation from

Modernist and Postmodernist Fashion Designers Essay

Modernist and Postmodernist Fashion Designers - Essay Example The essay "Modernist and Postmodernist Fashion Designers" discusses the designers and fashion in the context of Modernism and Postmodernism. The word 'modern' from which 'modernism' seems to be coined, generically refer to anything that is contemporaneous; in this sense, all art can be said to be modern as at when it was made. However, as an art historical term, modernism refers to a period dating from around the 1860s through the 1970s and is therefore used to identify the style, ideology and forms of art produced during this period. According to Klages (2003), modernism can be described as the movement in visual arts, music, literature, fashion and drama, which rejected the old Victorian standards of how art should be made, consumed, and what it should mean. During the later half of the 20th century, it became gradually apparent to many that the worldview fostered through Modernism is flawed, corrupt, and oppressive. A couple of events, including both World Wars, further heightened this perception. The perceived failure of modernism, as a movement and ideology, gave birth to the new period now referred to as Postmodernism, an ideology that has only emerged as an area of academic study since the mid-1980s. However, the term postmodernism is used in a number of confusing of ways; there is a problem with assigning a definite or useful definition to the term, most definitions are hopelessly vague and often inconsistent with each other. For some, postmodernism means anti-modern. while for others it is merely a revision of modernist premises (Burke, 2005; Witcombe, 2000). The stance of those who see postmodernism as anti-modernism is a basic rejection of the major tenets of modernism; that is, a rejection of the doctrine of the supremacy of reason, the notion of truth, the belief in the perfectibility of man, and the idea that we could create a better, if not perfect, society. This stance has been labelled 'deconstructive