Wow. What’s up to anybody?
Before I begin, I want to provide a shoutout to the parents and all and sundry who’s here these days and say thanks. We wouldn’t be right here without you.
My buddies, teammates, classmates, fellow graduates. We made it. Congratulations!
You all are aware that it hasn’t been clean. We’ve driven ourselves to the breaking factor seeking to measure up to the lofty expectancies the instructional global has folks in our time at Berkeley. And this want to achieve success is ingrained in Berkeley’s culture — we’ve myths and legends approximately it! For the non-Berkeley college students, everyone at Berkeley hears from day one approximately the cursed seals around Memorial Glade.
The legend goes you must never, ever step on these gold seals. Why? Because stepping on the sealing approach, you get cursed with bad grades! Stepping at the seal manner, you lower your GPA! Stepping on the seal way, you allow go of Berkeley’s educational requirements. Every day we see agencies of students taking walks up Memorial Glade and splitting to keep away from the seal — the curse is that powerful. Just the opposite day, I became sitting there at the Glade, surrounded with the aid of the cursed Berkeley seals, and I had a rare moment wherein I may want to prevent and think. Let me take you there.
The solar’s beating down on Memorial Glade in the coronary heart of campus, which, graduates, is a unique type of vicinity. I sit here in the center, with the grass under my toes. It feels like domestic. Because at Berkeley, we’ve been taught to do massive matters, however as I sit right here at the Glade, it’s the little matters that trap my attention. There’s a man the uses his computer as a pillow. There’s a llama? I listen to snippets of verbal exchange — something approximately memes and edgy teens. I appear to my proper, look to my left, and see a number of the first-rate pals I have ever had. Perhaps if you study who’s after you currently, you could say the equal factor.
As I take a seat there, I know I’m going to overlook this area. But I pick up my bag and stroll past Doe Library, up until that asphalt route towards real existence. I’m certain you could photo it now, trudging up that slope — library for your proper, glad for your left and a huge hill up beforehand. Now, as I’m taking walks, I listen to the noise in front of me. And it gets louder. And it receives louder. And, this is a true story, I look up, and there’s this big dude on a tiny motorbike barreling down the hill right at me. First of all, increase your hand if that became you! In recent years, universal banking has been growing its popularity in Indonesia.
Mandiri Bank, for example, has taken a strategy to become Indonesia’s universal bank; this bank has also initiated to development of an integrated financial risk system in terms of sounding financial performance and increasing shareholder value. In Germany and most developed countries in Europe, universal banks have initiated their operations since the nineteenth century. There is mounting evidence that universal banks have taken an important part in the development of real sectors and the financial system in those countries. In those countries, the growing numbers of universal banking practices are really supported by the central ban the k.
Despite this, in The United States, they are strict about regulating universal banks by blocking commercial banks from engaging in securities and stock market practices. They argued that the practice of universal banking might be harmful to the financial system. ((Boyd et al., 1998) cited in Cheang, 2004) The “risk” might be the key reason why the central bank of The U.S is worried about the universal banking system. Since, if the center of bank allowed banks to adjust their operation to be universal banks, the relationship among banks, financial and stock markets would be closer. Consequently, this would give uncertainty to the bank’s condition and performance. For example, if there were a disaster in the stock market, banks would get problems in their financial positions. Thus, they would tend to be insolvent.