Camel racing and beauty Essay Example | Topics and Well Written Essays - 2250 words

Camel racing and beauty - Essay Example These animals have been referred to as the ships of the desert, they have an irrefutable place of importance in the annals of the UAE history, and in fact, a camel fossil drawing estimated to be more than seven thousand was found on an island near Abu Dhabi. Nonetheless, writers have been quick to point out that the present camel racing tradition differs from the past, as the present traditional racing have been marked by a very fast form of camel racing, yet in the past camel racing was only practiced during weddings and special festivals. The beauty of camel training is that a camel must be trained for very many years for them to maintain an ungainly pace for a competition. At full speed, the legs of the camel kick in all manner of directions, a funny way of leaping that is very common for the animal. Sports are an important part of human interaction through ages, and it has formed one of the best forms of bonding. Sports have grown in leaps and bounds over the years to occupy the highest echelon in the society. Currently superstars in sports such as racing, football, basketball and others receive some of the highest income in the society. For instance, the amount top football players earn in Europe per week is more than the amount that the amount leaders of nations earn inform of income per month, and this means that Lionel Messi, the diminutive Argentine football great who plies his trade in Barcelona, Spain earns more than Obama per month. Similarly, sport occupies a very important place in the UAE, and in this region, big money sponsorships and top of the end events occur in every occasion from that range from football, cricket, golf, f1, and amongst others. However, unlike other types of sports, camel racing is very much a part of the Arabia culture without undue external in fluence that is common in other sports. This is a local people’s

The Subprime Crisis Essay Example | Topics and Well Written Essays - 500 words

The Subprime Crisis - Essay Example Starting in February with the biggest bank in Europe HSBC reporting a loss of $880 million through its US subprime unit Decision One Mortgage, the list extends to US subprime lender New Century Financial Corp, Citigroup, Wachovia Corp, Merrill Lynch, and Countrywide in the U.S., the German Banks IKB and the state bank Sachsen L B, the French bank BNP Paribas, the Dutch Bank NIBC, the British mortgage lender Northern Rock, and the largest Japanese bank Mitsubishi UFH Financial Group, INC. The strong Swiss Banking sector was also hit through Credit Suisse and UBS (FACT BOX: Subprime crisis affects banks worldwide). The breaching of the dependable string defenses of the Swiss Financial sector, by the subprime market crisis, causing a downswing in 2007 in the fortunes of what could otherwise be considered as a successful year for the Swiss economy, is an indicator that the Swiss economy will not be spared from the worldwide impact of the subprime market crisis in 2008. However, the Swiss economy can be expected to weather the storm of the subprime market crisis and restrict the consequences. (Allen, 2008). The reasons for this optimism stems from the strengthening of the Swiss franc in the third quarter of 2007, against the U.S. dollar by as much as 6.7 percent. In addition the forecast for the GDP growth of 2.5 percent for 2007 is suggestive that the Swiss economy continues to remain robust. This was the result of the reaction of the Swiss National Bank to immediately inject liquidity, when a liquidity pinch was felt in August 2007 as a result of the subprime market crisis (Swiss Franc Outlook: Will Weakness Continue). These moves of the Swiss National Bank saw the watch making and luxury goods manufacturing sectors performing well supported by the pharmaceutical and food product. Another factor weighing in is the domestic consumer strength of Switzerland. The Swiss economy can be expected to grow in 2008, but at slower rate due to the impact of the subprime market