Life of Moses Dissertation Example | Topics and Well Written Essays - 2000 words

Life of Moses - Dissertation Example (Seters 34) Indeed these historians and archaeologists believe that Moses as well as the exodus story is essentially origin myths devised by later generation of the Israelites. In support of their position, they refer to the â€Å"logical inconsistencies, new archaeological evidence, historical evidence, and related origin myths in Canaanite culture† (Seters 45). Indeed Moses’ existence is greatly supported by most of the Abrahamic religions and their holy texts–the Quran, the Bible and the Torah. Though these holy texts provide some biographical details of Moses, they do not reveal much of the historical facts and figures of Moses’ age. Even these texts claim that Moses was assigned with the holy duty of setting the Israelites free from the communal slavery under an unnamed pharaoh King. By the time Moses was assigned with the duty of leading the Children of Israel out of Egypt from the slavery and bondage, modern Archaeologists believe that King Ramesses is supposed to rule Egypt during the late Moses period from 1391 to 1271 BCE. Though Rabbinical Judaism asserts Moses’ lifespan between 1391 to 1271 BCE, Christian Tradition refers Moses to an earlier date. Brief History of Moses and His Preaching Moses as a religious figure is supported only by some religious texts such as the Quran, the Bible, the Torah and few others. ... His parents, Amram and Jochebed, once immigrated to Egypt with their grandfather Kehath and other 70 Jacobean families (Genesis 46:11). Thus Moses belongs to the second generation of the Jacobean immigrants in Egypt. By the time Moses was born, the Israelites had lived about 450 years in Egypt and reached two millions in number. The particular number of the departing Israelites is often disputed. According to the BBC article, the Israelites were two millions. But Jacob Gebhart argues that the departing Israelites were about six million (6,000,000). In this regard he says, According to this passage 600,000 men descended from Yaacov left Egypt. If each man is married with the average of 5 children, this brings the entire population of Israel to 6,000,000. This is not including the mixed multitude that came out with them. (Gebhart pars.3) Being alarmed by the growth of these people, Pharaoh passed a decree that male babies of the Hebrew would be killed by drowning in the Nile. It is sai d in a BBC article â€Å"Moses†, â€Å"According to the Bible, the descendants of Jacob had lived in Egypt for more than 450 years, during which time they grew into a nation†¦The Egyptians began to see them as a threat†¦forcing them to work as slaves.† (Moses pars.3) According to the Book of Exodus, in his infancy he was fortunate enough to evade the Pharaoh-enforced infanticide. By luck, he was raised as Pharaoh’s daughter Bithiah’s son in the royal palace. The Book of Exodus (2:1) describes how Jochebed saved Moses from the anger of Pharaoh’s wrath: Now a man of the house of Levi married a Levite woman, and she became pregnant and gave birth to a son†¦.But when she could hide him no longer, she got a papyrus basket for him and coated it with tar

Credit-Default Swaps and the Fate of AIG Essay Example | Topics and Well Written Essays - 750 words

Credit-Default Swaps and the Fate of AIG - Essay Example The buyers of the credit mechanisms in most a cases are investors and the process of purchasing bond from the seller are comparable to the purchasing an indemnity contract (Rottleb, 2009). The payment done by the investor is characterized of it plagiaristic form that is always used as tradable security to the organization in question. The â€Å"Naked† credit default swaps are when an individual with no experience in dealing with CDS purchase the CDS protecting if from declining because of the upheavals in the economic conditions of the country. Naked credits purchasers are individuals taking a bet of non-payment to be sold to be sold to an individual who is a need of protection against a mechanism default (Pe?rez, 2011). The importance of CDS can not be underrated. It gives investors a break though to predict the changes within a default mechanisms or market catalogues to take suitable decisions regarding purchasing or selling CDS. An example is that an investor may profit to accrue proceeds from the excess of credit default swap from ‘basis trade’, since it combines various default mechanism with the cash bonds of an organization. The mechanism also opens up other avenues for speculations. A saver is at liberty in laying promises to take charge of a bond by promising the seller that he or she is fully liable incase of eventuality of a drop of CDS. An example is when a company A has certainty that company B is going to decline. It purchases bonds of unknown worth from the company to shield it against company C that was waiting to take over the assets of C on its fall. The CDS has the terms of its contract stipulated in the, in the ‘The International Swap and Derivates operation‘. The terms entail the deadline for protection of an organization from declining. Secondly, the terms also spell out the computation mechanisms to apply in determining the effectiveness off administrative function used on the transactions. Lastly, the term s also spell out the structure of the credit event that will lead to the payments of the cash used to insure an organization (Boberski, 2009). There are 2 forms of settlement for CDS associated with the settlement of the mechanisms are Physical or cash settlement. Physical Settlement and Cash Settlement Physical payment is the payment made by an investor to buys bonds to protect them from declining. The buyer investor pays the seller par value of the sold CDS. Cash settlement is the settlement the retailer pays the purchaser the variation par value of the CDS bought by a buyer or an investor. Synthetic Credit Default This is a debt that is taken with provision of security to acts as collateral for the debt taken. The debt taken is invested in other channels like CDS. Synthetic swap are based on the risk individuals take. The cons of synthetic CDS far outweigh its pros; thus it is not efficient. Disadvantages of Synthetic Credit Default Swap The use of synthetic CDS is not effective, since it is not given similar of financial support like the other available money souks because a risk taken by an individual will not be paid completely, rather the payments will be made in portions. Secondly, it requires different views from the stakeholders to