Thursday, May 21, 2020

U.s. Economy Gains And Jobs - 944 Words

Article 6 – â€Å"U.S. Economy Gains 215,000 Jobs in March† The anecdotal explanation for the American economy for years has been that the number of jobs have increased but wages have not grown as rapidly. This held true again on Friday, April 1, 2016 as 215,000 jobs were added to the US economy. Because this amount exceeded the predicted 199,000 jobs, this gain was considered a healthy one. According to Jim O’Sullivan, chief U.S. economist at High Frequency Economics, wages grew a minuscular 2.3% compared to last year’s statistics. In the last two years, O’Sullivan states that millions of jobs have been added to the economy but wages have not followed. Typically, an increase in the number of jobs will result in an increase in wages. March’s wage growth is especially disappointing as wage growth had reached 2.6% last year, only to fall to 2.3% this year. U.S. Deputy Secretary of Labor Chris Lu believes that â€Å"Wages are the unfinished business of the recovery. Clearly we need to do more on that front.â €  The unemployment rate rose from 4.9% to 5%. This is usually indicative of the return of employees to the job market. This is a positive sign. In part, the second-rate wage growth is due to the number of employees seeking full-time employment but can only secure part-time employment. â€Å"Involuntary† part-timers increase slightly in March from 6 million to 6.1 million. This explains the high underemployment. Underemployment is derived by combining unemploymentShow MoreRelatedU.s. Balance Of Payment Deficit1425 Words   |  6 PagesSustainability of U.S. Balance of Payment Deficit The U.S. has been running a trade deficit consistently since the early 1980s. There have been minor recessions from 1980 to 2008. The Great Recession starting as a result of complex financial products, which masked debt risk (McGahey, 2014). The Great Recession was not a result of trade deficit itself. The question naturally arises; can the U.S. maintain trade deficits indefinitely? Overall, Carbaugh argues that there is no economic reasonRead MoreIllegal Immigrants in the United States613 Words   |  3 Pagesworkplace enforcement to the legalization of workers who are already here. Using the U.S. Applied General Equilibrium, it’s possible to weigh in the impact on such factors like public revenues and expenditures, the occupational mix and total employment of U.S. workers, the amount of capital owned by U.S households, and price levels for imports and exports. Legalization of immigrant workers would yield significant income gains for American workers and househo lds. It would also allow immigrants to have higherRead MoreUnited States Economy Is The Envy Of The World1132 Words   |  5 PagesUnited States Economy The United States is not only one of the largest economies in the world, but it is also one of the strongest economies compared to industrialized countries, and this has been proven in the last few years. Despite of what many people believe or see, U.S economy is booming and it will continue to boom during the year 2015. In the article â€Å"When the U.S Economy is the Envy of the World,† published by the MSNBC on December 8, 2014, its author Steve Benen argues about the U.S economicRead MoreU.s. Gross Domestic Product993 Words   |  4 Pagesthat U.S. manufacturing is shrinking and all the jobs are gone into oversea because of what they heard from media or some reasonable stories such a massive job lost in about a decade ago, and the rapid growth of other competitiveness countries like China. 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The discovery of the United States, and North America can be traced back to International Trade. Prime example of how International trade benefits the United States is embedded in its giant economy, and superpower status. The economic achievements ofRead MoreThe North American Free Trade Agreement Essay1356 Words   |  6 Pagesbetween the U.S. Canada and Mexico. This research paper will look at the positive and negative impacts of NAFTA and examine whether or not it has been overall successful in promoting economic growth in its member nations. In order to answer this question, I will examine the effects of NAFTA on the U.S., Mexico and Canada by focusing on the macroeconomic impact of NAFTA, its influence on different economic sectors, and the dynamics of free trade between the developed economies of the U.S. and CanadaRead MoreDisadvantages Of Free Trade For Canada Essay1468 Words   |  6 Pagescertainly is the case for free trade in Canada. The successes listed above, also appeared in the United States and Mexico, which impacted our country. For every job that was created for them, some were lost elsewhere. Ontario, in result of jobs created elsewhere,: Lost hundreds of thousands of good manufacturing jobs. Those jobs went to States in the U.S. where unions are made weak by legislation, and to Mexico where unions are made weak by free trade zones where union rights are virtually nonexistent. FormerlyRead MoreIllegal Immigration Should Not Be Illegal1722 Words   |  7 Pagesillegally. There has been the same amount of opportunities as there are obstacles to overcome. Immigration at the U.S. and Mexican border has been a hot topic for decades now. Illegal immigration has not completely shown positive or negative effects on the economy, but more of a combination of the two. Illegal immigrants come to the U.S. to seek for better jobs, they tend to accept any job they are offered. For example, â€Å"[...] illegals can be paid a lower overall hourly wage than American workers but

Wednesday, May 6, 2020

Should All Drugs Be Legal - 1925 Words

Which Side Do You Choose? The list of drugs in today’s society is vast: Hydrocodone, marijuana, alcohol, morphine, LSD, aspirin, cocaine, nicotine, methamphetamine, ephedrine, even caffeine; the list goes on, and so does the debate. Should all drugs be legal? Should all drugs be illegal? There are both pros and cons if all drugs were legal or not, but first let’s start by realizing what a drug is, how they’re classified, and what the benefits would be for either condition. A drug is not a substance used only for treatment, nor are all drugs considered bad. A drug is a substance by which its chemical nature affects a living organism. How these drugs are categorized is if they are mentioned in a legal or pharmaceutical perspective. In legal†¦show more content†¦Stimulants include cocaine, caffeine, nicotine, methamphetamine, Ritalin, and amphetamine. Depressants are composed of barbiturates, alcohol, benzodiazepines, and Xanax. Different types of cannabis are hash, THC, marijuana, and hash oil. Hallucinogens are types of LSD, peyote, ecstasy, and bufotenine. Phencyclidine include PCP, ketamine, and sernyl. Inhalants can be glue, paint, ether, or toluene. Last but not least, alcohol: ethyl, wine, beer, liquor, and bourbon. Let’s start off with one of many questions that arise: why not just prohibit the sell and use of drugs everywhere? An excellent example is the 18th amendment which banned manufacture, sell, and transportation of alcohol. It did not, however, prohibit the consumption or private possession of intoxicating liquors. There was a struggle to enforce the Prohibition for the thirteen years it was in effect, and people assumed that banning alcohol would be the solution. It turned out that the Prohibition wasn’t the resolution people hoped it to be. Instead, it failed to actually prevent people of consuming alcohol and also led to untaxed, unregulated, liquor. To make matters worse, organized crime, an increased amount of violence, and corruption of politics also occurred, mostly with bootlegging. Al Capone, a Chicago gangster, greatly benefited from the prohibition by annually making sixty million dollars per year, untaxed. The average skilled

Analysis of “Al Gore on Climate Crisis and Global Power” Free Essays

Former Vice President Al Gore was the featured â€Å"My Turn† opinion writer for the December 18, 2006 issue of Newsweek Magazine. This opinion article was a part of Gore’s environmental awareness campaign which began with the publication of his book An Inconvenient Truth.   Gore presents a very well written argument advocating the necessity for massive change in the use of energy. We will write a custom essay sample on Analysis of â€Å"Al Gore on Climate Crisis and Global Power† or any similar topic only for you Order Now According to Gore, â€Å"we are now faced with an urgent crisis—a crisis that is altering the very nature of the earth’s climate.† Gore makes his compelling argument without preaching, scolding, or frightening. This is extremely rare, and valuable, given the highly volatile nature of any debate involving energy sources and environmental concern. The article is interesting for what is said as well as for what is omitted. The piece is devoid of the usual â€Å"doomsday† statistics and anecdotes projecting a critical problem without a solution. Instead, Gore portrays the world at a crossroads, the beginning of â€Å"a new age† where â€Å"crisis† should be defined as the Chinese write it: â€Å"danger† and â€Å"opportunity†. He does not need to elaborate on the well-known and documented dangers facing the world regarding climate change. Instead, he illustrates several of the opportunities he visualizes in the future. His first example is the development of an â€Å"electranet† distribution network for electrical power. Instead of massive coal, oil, or nuclear fuel power plants, smaller suppliers, including wind and solar power generators, will be widespread. Additionally, anyone on the â€Å"electranet† who can generate electricity, from small home solar units to larger industrial generators, will be able to sell their surplus power to the grid. Other changes envisioned include â€Å"smart† buildings â€Å"constructed with breakthrough solar and nanotechnologies† and super-high mileage vehicles. Gore is optimistic because â€Å"market forces that are now in motion— driven by visionaries at companies as diverse as Wal-Mart, British Petroleum and General Electric†   are having an effect. But, more must be done: governments must â€Å"exert real leadership† in agreement to the Kyoto treaty and then beyond in order to meet the crisis. With optimism Gore closes by stating it is â€Å"a rare opportunity for our generation to unite behind a historic mission.† I share Gore’s attitude and opinions regarding energy and the environment; however, I believe I am not alone in feeling very apprehensive. A day does not pass without more evidence documenting incredible damage and change in the global environment. It is easy to fear that the world of our children and grandchildren will be terribly damaged. It is difficult to focus on what one individual can do when there is a fear of it being â€Å"too little too late.† As Gore believes market forces will cause the beneficial change, I believe we must examine how â€Å"we the people† can be a significant part of that force. To paraphrase Gore, the immediate future will be incredibly challenging. I believe he frames the issue perfectly as â€Å"a historic mission† in which we must all play a significant role. In unity there will be success; the environment does not have the luxury of time for divisiveness or finger-pointing. Although it is very likely we will be able to see the reward of collective action, if not, it is certain future generations will see the result of our action or inaction. How to cite Analysis of â€Å"Al Gore on Climate Crisis and Global Power†, Papers

Analysis of “Al Gore on Climate Crisis and Global Power” Free Essays

Former Vice President Al Gore was the featured â€Å"My Turn† opinion writer for the December 18, 2006 issue of Newsweek Magazine. This opinion article was a part of Gore’s environmental awareness campaign which began with the publication of his book An Inconvenient Truth.   Gore presents a very well written argument advocating the necessity for massive change in the use of energy. We will write a custom essay sample on Analysis of â€Å"Al Gore on Climate Crisis and Global Power† or any similar topic only for you Order Now According to Gore, â€Å"we are now faced with an urgent crisis—a crisis that is altering the very nature of the earth’s climate.† Gore makes his compelling argument without preaching, scolding, or frightening. This is extremely rare, and valuable, given the highly volatile nature of any debate involving energy sources and environmental concern. The article is interesting for what is said as well as for what is omitted. The piece is devoid of the usual â€Å"doomsday† statistics and anecdotes projecting a critical problem without a solution. Instead, Gore portrays the world at a crossroads, the beginning of â€Å"a new age† where â€Å"crisis† should be defined as the Chinese write it: â€Å"danger† and â€Å"opportunity†. He does not need to elaborate on the well-known and documented dangers facing the world regarding climate change. Instead, he illustrates several of the opportunities he visualizes in the future. His first example is the development of an â€Å"electranet† distribution network for electrical power. Instead of massive coal, oil, or nuclear fuel power plants, smaller suppliers, including wind and solar power generators, will be widespread. Additionally, anyone on the â€Å"electranet† who can generate electricity, from small home solar units to larger industrial generators, will be able to sell their surplus power to the grid. Other changes envisioned include â€Å"smart† buildings â€Å"constructed with breakthrough solar and nanotechnologies† and super-high mileage vehicles. Gore is optimistic because â€Å"market forces that are now in motion— driven by visionaries at companies as diverse as Wal-Mart, British Petroleum and General Electric†   are having an effect. But, more must be done: governments must â€Å"exert real leadership† in agreement to the Kyoto treaty and then beyond in order to meet the crisis. With optimism Gore closes by stating it is â€Å"a rare opportunity for our generation to unite behind a historic mission.† I share Gore’s attitude and opinions regarding energy and the environment; however, I believe I am not alone in feeling very apprehensive. A day does not pass without more evidence documenting incredible damage and change in the global environment. It is easy to fear that the world of our children and grandchildren will be terribly damaged. It is difficult to focus on what one individual can do when there is a fear of it being â€Å"too little too late.† As Gore believes market forces will cause the beneficial change, I believe we must examine how â€Å"we the people† can be a significant part of that force. To paraphrase Gore, the immediate future will be incredibly challenging. I believe he frames the issue perfectly as â€Å"a historic mission† in which we must all play a significant role. In unity there will be success; the environment does not have the luxury of time for divisiveness or finger-pointing. Although it is very likely we will be able to see the reward of collective action, if not, it is certain future generations will see the result of our action or inaction. How to cite Analysis of â€Å"Al Gore on Climate Crisis and Global Power†, Papers