Creation Myth, Religious and Cultural Traditions of Anishinaabe People Essay

Creation Myth, Religious and Cultural Traditions of Anishinaabe People - Essay Example His book the Mishomis Book informs readers of the origin of man and his indigenous language. As a way of validating Benton-Banai’s claims, it is important to compare his claims with the general view of the creation theory, cultural, and religious practices of this unique group. Thus, a detailed comparison shows various similarities and differences in the two accounts. The general view of the Anishinaabe tribe reveals this group of people believe in the existence of a Supreme Being. According to Kulnieks, Longboat, and Young (2013), their creator existed long before the creation of the planet earth. Consequently, He is responsible for creating the earth and all existing human beings and animals. In addition, the Supreme Being created man on the last day. He gave man responsibility to name animals and plants in his native language that is the Anishinaabemowin. Besides, the man had no existing family and community members at that particular time. The creator, Ghizemanidoo, particularly named man Nanabozho. Furthermore, the creator said the name was important and a sign of unity in the community. As a result, it became part of the daily greeting of the community members. Both the general view and Mishomis Book have numerous similarities concerning creation story and religious belief and practices of the Anishinaabe community. Both argue that the Anishinaabe people believe in a supreme and almighty being. This group of people have religious traditions and believes in a creator. They respect and obey their creators’ orders and rules. According to Benton-Banai (2010), the Anishinaabe people have a creator who is their source of life. The creator not only gives them life but also gives them the responsibility to name all animals in the world. In addition, their creator gives a responsibility to preserve and protect animals and plants on earth. This point is also supported by the general people`s view of this tribe.  

The Reaction of the Markets to the Step of ECB to Raise Interest Rates Term Paper

The Reaction of the Markets to the Step of ECB to Raise Interest Rates - Term Paper Example According to the monetary theory, the reverse effect should have taken place- the prices of the bond should have been decreased, whereas euro should have appreciated. However, this reaction can be explained by the fact that Mr. Trichet-the president of ECB reiterated that the latest move of the ECB should not be treated as an indication of the policy of high interest rates. The reaction of the market that followed can be explained by the confidence of investors in a more cautious approach of ECB, as the appreciation of the Euro ceased after new announcements of Mr. Trichet. After all, there is little doubt that the financial experts of ECB do not realize that high-interest rate of ECB which might entail appreciation of Euro and tightening of available pools of credit may hamper economic growth in the European area. This step can be viewed as an attempt (apparently temporarily) to combat the high level of inflation. It is too early to say whether this decision will seriously affect economic growth in European countries. According to OECD, the raising of interest rate could wait until the middle of 2006 when more robust economic growth is expected. However, countries of EU differ in economic, financial and political terms, with weak growth in Germany and France and stronger one in Spain and Ireland; after Maastricht agreements, none of the countries mentioned has the opportunity to regulate the growth in the country by traditional methods of the money supply. Overall, the economic growth in the European countries was less than in the USA (4.3% in the USA against 2.6% in the countries of European Union) and it affected major industrial nations of the EU. If the trend of appreciation of the Euro currency continues, it may hamper export- one of the vital elements of economic recovery in European countries and reduce the long term competitiveness of European companies.