Animal Rights versus Animal Welfare Research Paper

Animal Rights versus Animal Welfare - Research Paper Example This research will begin with the statement that animals are part of the environment and should be protected from the changes that human activities have caused on the environment. Animal protection can be done through animal rights and animal welfare. Animal rights refer to the concept of considering the interest of animals at the same level of concern as considering human interests. Animal welfare ensures that the physical and psychological health of the animals is observed. The terms used in animal protection show human concern over nature. Animals should be protected from suffering and unethical treatment. Animal rights reject the use of animals while animal welfare groups allow animal use but humane treatment should be accorded to  them. When human and animal rights conflict, animal rights activist prioritize the rights of animals, while animal welfare activists prioritize human life. Animal welfare promotes controlled use of animals for agricultural purposes such as farming an d protein production while animal rights activists avoid the use of animal products. The similarity between both groups is that the wellbeing of animals is promoted. Cases of abuse, negligence,  and abandonment of animals are prevented through this group. Endangered animals are also protected by both groups. Both groups of activists ensure that the relationship between animals and humans is mutually beneficial. Man obtains food from the animals in return the animals are protected from disease and danger.  

Study the housing market bubble the US is currently experiencing. What Essay

Study the housing market bubble the US is currently experiencing. What happened because of the bubble and what is the current state of the housing market and ho - Essay Example However, financial derivatives itself are considered as detrimental if their use is made in more superficial way. Banks, in order to recoup the lost liquidity drained into the subprime mortgage loans have securitized them against the payments and real estate properties offered as securities in those mortgage loans. The process of securitization works in double way. Banks rely on the cash flows generated through the repayment of these subprime mortgage loans to pay off their obligations on those securitized instruments issued by the financial institutions. The problem arises when the subprime borrowers started to default on their obligations hence creating a mismatching in the liquidity positions of the financial institutions. Since most of the financials institutions have already securitized their mortgage portfolio therefore, in order to avoid being defaulted on their payments to the bond holders of those securitized loans, they divert their normal cash resources to the payments to be made to those bond holders. Since the normal and routine liquid resources of the financial institutions go to the repayments of those bonds therefore they find themselves short of liquidity hence a credit crunch in the economy emerges as a result of this. The credit crunch caused by this housing bubble borrowers also leads to the crowding out effect also as more and more funds are being diverted in paying off the liabilities of the financial institutions therefore the availability of the credit to the private sector shrinks thus halting the progress of the economy since most of the companies rely on bank credit at least for their short term working capital needs as well as making long term investments through a combination of borrowings either through banking channels or secondary markets. With the lowering interest rates, the demand for the homes increased which ultimately raised the prices