Descriptive Report Essay Example | Topics and Well Written Essays - 500 words

Descriptive Report - Essay Example Texas State Fair is a festive event that presents colors, forms, foods and many entertainments drawing people to visit the place, from children to adults. It is a busy place where everyone has somewhere else to go and something else to do, making people busy as they stay and enjoy the warmth and joy of the festivity. As people have different interests, the fair offers a wide variety of fascinating events to attract people from all walks of life. However, the greatest and perhaps the most-loved and most visited is the food offered in the fair. There are a lot of experimental victuals, unique, exquisite and creative although most of them are not healthy because of they are served with so much grease. Deep fried Oreo cookies, deep fried peanut butter, deep fried Twinkies, deep fried pork ribs, fried cheese cake and deep fried butter are just some among the cholesterol-filled foods available at the fair. The most recent introduced deep fried food is the deep fried beer by chef Mark Zable which attracted many curious spectators to try it, and it won the creator the ‘most creative’ award for the fair in 2010. This sort of tease keeps the people curious, wondering and expecting more from what is offered at the fair. As this year’s Texas State Fair nears, it is becoming a buzz and everyone is really getting excited to see the opening of the most awaited event in Dallas. Businessmen flock to this prestigious event and take part in sponsoring the affair and advertising their company and products. Competitors for the different categories surely have been busy preparing for the fair, expecting something good to come out from this year’s State Fair. One of the attractions that welcomes audiences to the fair is Big Tex, a tall cowboy mascot symbolizing the event, having a hinged jaw making him appear to be the one speaking as the activities are announced. He is clothed with the red, white and blue colors of the flag and has a single star

What were the causes of the Global Financial Crisis which began in Essay

What were the causes of the Global Financial Crisis which began in 2008 - Essay Example Mortgage capital expansion based policy that took upon the local industries such as housing, small to medium scale business activities led to an unprecedented environment and accumulation of artificial bubble. It was early in 2007 when the high risk mortgages saw an unusual trend in the market existence in the form of defaulting initiation to the business activity set the market on negative trends and footings leading on to massive economic strangulation in next year or so. Initial normalcy and relatively lower interest rates were another contributing factor that resulted in the upward pressure on the industry as well as the private lending agencies and entities being forced to increase the rates of interest subject to the external market and negative values by that time towards mid 2008. Mortgage backed security (M.B.S) was another mechanism and aiding element which lead to the stiffening of the market and overall mood. The second factor that contributed to the global recession was the element of securitization of the mortgages. It has been termed as the contributing factor which led to reduced certainty within the market trends and increased trends of risk. Introduction of concepts and policies such as Corporate loan securitization led to an initial let off to the investors and banking sector businesses that were initially indebted in small scale values, yet the long term impacts would show up in times ahead which did so in the most frightening form in span of less than five years from after 2002-2003. The fact that the American government had been following a relatively non consistent trend and pattern of loan handling made the picture relatively further murky. The practices such as collateralized loan obligation(C-L-O), was one similar practice of the United States government and banking policies which lead to increased debt values. The values initially were limited to less than 25 billion dollars, in less than five