China Housing Bubble Dissertation Example | Topics and Well Written Essays - 10000 words

China Housing Bubble - Dissertation Example The Chinese government has also secured measures to manage high prices as well as high mortgage rates. The down-payment requisites for second properties were also increased (Dreger, et.al., 2011). For the high housing price areas, the owners were not allowed to more home purchases. The state-controlled mortgage lenders also reduced the mortgage discounts and more measures were installed to be implemented down the road, including increased property taxes. As a result, the housing prices in the cities stopped increasing, but were still very high (Dreger, et.al., 2011). The housing issue was not only an economic issue, but an issue which also refers to the livelihood of the people, especially one which can impact on stability. Families on average income are likely to be able to afford housing. The ratio of house prices is set at an average income more than 18 in Beijing (Wu, et.al., 2010). The challenge for the government is to eliminate the theoretical in-flows, while still maintaining the strong housing growth. However, although increasing house prices may indicate a bubble, is existence is still debatable. In fact, the trends of urbanization, as well as elevated incomes and decreased interest rates may have caused changes in the housing phenomenon. The higher prices of houses may still be in line with the basic elements and may still be within the demands under residential housing (World Bank, 2010). A burst in the house price bubble can present major destabilization in the economy.

Law Justice and Society Essay Example | Topics and Well Written Essays - 2250 words

Law Justice and Society - Essay Example This can truly be seen in the light of to reform youth justice. The vague nature of constitutional definitions have led a lot of Crime and Disorder Reduction Partnership to follow these definitions (Sprigings, 2005), leading to inconsistencies and divergence in the utilization of Asbos. The mixing of incivilities as well as criminal offences clearly discombobulates basic questions of justice. This results in the intensification of anti-social behaviour, as well as fears and anxieties of the public. Dissertation of boundaries during deviancy control, according to Cohen (1985) evades the issue of if a law had actually been broken, it eliminates the difference among public and private furthermore it also penetrates the family, educational institutions and neighbourhood. As the explanation of visions regarding social control recommended, 'classification' is a essential characteristic of the system, and the growth of deviancy control professions makes way for more classification systems to form new categories of deviance, which need to be fulfilled (Brown, 2004:204). It is quite clear that New Labour government favour a general definition. We can consider this kind of control by Foucault theory of discipline and punishment he believes in order to have power one must need knowledge. In a prison the guard has all the power compared to the inmates. According to Foucault (1981), they have the knowledge to watch and keep the prisoners in order. As for the prisoners they realize they are being observed and they realize that they do not have any authority. If a prisoner does something wrong they will be punished, so when they are in their cell they try not to do anything out of the ordinary. The inmates know that if they do something wrong they will be punished by the guards. The fact that the prisoners know they will punish by a guard for misbehaving shows that the guard has the power and is in charge. ASBO and its Success in Youth Justice System The Crime and Disorder Act 1998 was the foremost legislative piece of the New Labour it presented Anti-social behaviour orders along with a lot of other orders regarding sex offender, parenting, o child safety, damages, action plan orders, and custody, so that anti-social behaviour can be appropriately dealt with (www.audit-commission.gov.uk/). This act's main objective is to decrease crime, improve the safety of the community, encourage more successful multi-agency approaches, and develop the trust of the public in the criminal justice system, by means of cooperation with local communities, difficult to reach groups as well as each and every agency of the public sector. The Crime and Disorder Act 1998 finished off the doli incapax, therefore resulting to alterations in youth justice. This order has done a lot for the juvenile justice system as an order may be utilized against an juvenile who is 10 years old or more for acting in an 'anti-social manner' moreover it can be used via the police, local authorities as well as registered social landlords (Campbell, 2002 p 56). The minimum period for an order is 2 years.Breach