The Worst Economic Crisis in the U.S.

According to research, an economic recession happens at the time when growth declines. In most cases, this happens when there is a reduction in the demand by consumers (Cashell, 2010). This is because as total demand in the economy declines, companies stop escalating, as a result they stop hiring.Advertising We will write a custom essay sample on The Worst Economic Crisis in the U.S. specifically for you for only $16.05 $11/page Learn More With time the situation gets worse and the companies start firing their employees. The level of unemployment rises, purchasing power drops and consumer purchases drop even further and house prices begin to decline. The economic crisis of 2008 had its origin in the U.S. Most economists held responsible the mortgage market for the decline. It is clear that no one knew the worst economic crisis could occur in2008. The results were severe as the economy was forced to freeze. The freezing of the economy is attributable to t he shrinking of profits as well as collapse of several companies that had managed to employ thousands of employees. The market could be answerable although again there should be the main cause that made the problem to spread in the whole mortgage market of the United States, as well as the entire world. Remarkably, the Lehman’s Brothers had much of its investment in the mortgage market. Though Lehman’s Brothers knew that the sub-prime mortgage market was quite risky for its investment, it is amazing to see Lehman’s Brothers’ bold measure towards investing heavily in the sub-prime mortgage market. The main target of investing in the sub-prime mortgage market was to capture large profits considering that this market attracted high interest rates. However, the market proved to be risky due to high levels of bondholders defaulting to pay the interest rates and the subsequent principals. The attractive real estate market led to high demands and as a result, ho use prices went up. Many people called it the housing bubbles. In this incidence, the rising inflation prices of assets tend to exceed that for incomes making it quite difficult to purchase assets from ones’ income. Specifically, the mortgage market became volatile and predicting the interest was not easy since interest rates could deviate with large margin. For instance, in a single day, Dow Jones recorded an intra-day range of 1000 basis points the worst intra-day range ever since its inception. Such huge margins were attributed to lack of confidence in the mortgage market forcing many investors to withdraw their stocks in companies that had invested much in the mortgage market especially the sub-prime mortgage market.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More People thought that mortgage associated companies were looking forward to make a lot of profits only to be shocked by the instabilities that were later realized in this market. The consequence of the collapse of Lehman’s Brothers was selling some of its units at a lower price. The company tried as much to compensate bondholders though with a lot of difficulties. Lehman’s Brothers caused mayhem in the economy considering that large financial institutions had corporate stocks with Lehman’s Brothers. The U.S. Federal Reserve was directed by the government to give out a bailout package of 700 billion U.S. dollars to secure other companies that were on the verge of collapsing but very critical to sustaining the economy of the U.S. It is clear that most shareholders lost their shares worth millions of U.S. dollars. Recalling that Lehman’s Brothers was a multinational financial institution, one could notice that its effects were spread rampantly to other parts of the world. France had a number of Lehman’s units. Asia as well had a number of Lehman’s Brothers busi ness units that were later acquired by various companies abroad. Nevertheless, the large question could be what made Lehman’s Brother to fall leading 1000s loss of jobs and 1,000,000s shares. This was the heaviest blow to the U.S. for the last 18 years after the fall of one considerably large company, perhaps answers for the fall could be important to assist in avoiding such incidence in the future. The obvious reason was the large investment made by the company in the risky sub-prime mortgage market (Cooper, 2008). Due to much reliance on this profitable but risky market, the company had no option of finding alternatives to defend its position in the market. However, the company went to another extent of practicing gimmick accounting game in their accounts. Some malpractices that were practiced in their accounting attempted to hide the true financial position and as a result, investors could not make informed and wise investments. All stakeholders including employees, potent ial and existing shareholders, customers and government had developed much confidence with Lehman’s Brothers financial position. Little did they know that Lehman’s Brothers was heading towards filing for chapter 11 bankruptcy. The failure of Lehman’s Brothers to pay its debt holders was enough to justify its declaring as bankrupt. At this point, it became fundamental to shut down its operations to pay its creditors with assets at hand, as shareholders shared the remaining part. Nevertheless, the company was not adequately enabled to pay its shareholders plunging them into worth U.S. dollars millions losses. Other financial institutions that had invested in the mortgage market as well as in Lehman’s Brothers assets as well suffered huge losses while others ceased their operations. The consequence was loss of jobs as well as shares worth U.S. billions of dollars. The total income for the U.S. economy remarkably fell to lower levels. As levels of income of c onsumers went down, their purchasing power weakened. There was less income to encourage saving as well as investment in the economy.Advertising We will write a custom essay sample on The Worst Economic Crisis in the U.S. specifically for you for only $16.05 $11/page Learn More The manufacturing sector had to reduce the number of employees since the decreased levels of revenue could not sustain all employees. The layoffs in the manufacturing sector further led to much more pressure on the economy. Capital goods were majorly affected as consumers resorted to the purchase of basic goods and services. The ripples were felt in other parts of the world including developing countries such as those of Africa. To secure the economy from the difficult financial moments, a number of governments chose diverse measures to secure firms in the economy. The U.S. government in particular resorted to giving out bail out packages to financial institutions that were on the verge of collapsing. Other measures included the use of fiscal stimulus, loosening the monetary policy as well as allowing cooperation between international banks. Effects of Monetary Policies implemented in Reaction to the Crisis As a result of lack of illustrations in which the central banks applied the composition of their balance sheet in order to involve the cumulative expenditure of the community by impacting credit flows, there is little chronological foundation for assessing the efficiency of credit policy. Nevertheless, the policies that were implemented by the government concerning the credit policy followed two directions. For instance, in case Fed had established the asset side of its balance sheet to buy debt in the markets it considered dysfunctional, and left unsterilized, the allied increase in the monetary support would have mystified the credit and money establishment influences. In addition, due to the financial crisis of 2008 that led to the implementation of mo netary policies, there were costs linked with the sustaining of money supply, despite the fact that the government gets overall income. For instance, it was claimed that about ninety percent of the money supply was established by the private banking systems and carried interest as a condition of its existence. The new policy required that all commercial banks to keep only 50% of all deposits they had and therefore the remaining 50% be to be kept with the Federal Reserve. To make the matter worse, Mr. Marriner decided to raise the Federal Reserve requirement to 75%. Following the increased reserve requirement, majority of commercial banks resorted to tightening their lending capacity in order to avoid situations of liquidity in the bank. Most commercial banks restricted their levels of lending by raising the level of interest rates. This meant that the level of borrowing decreased sharply and as a result, the level of investment as well went down. The policy by the Federal Reserve le d to low level of money supply in the economy.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The effects were two and this included reduced level of purchasing power as well as decreased levels of investment. Consequently, many parts of the economy failed to perform well leading to layoffs in various manufacturing industries, which dominated during these periods such as the mining industry. Others claim that the decision by the Great Britain to return Gold Standard at parities was as well the major cause of the crisis Fiscal Policies Fiscal policies are financial, economic or monetary plans or strategies put in place to realize certain goals in a given economic set up. Concerning the financial crisis of the year two thousand and eight, there are a number of fiscal policies that had been put in place; the monetary and liquidity policy. This policy caused banks to have a certain fear in that they were not willing to lend money to other banks and central banks of many countries cut their interest rates which forced them to provide unlimited liquidity to banks as a result (Bern anke, 2009). All the incidences happened because of the rapid fall of the capital markets as a result of the monetary and liquidity instrument fiscal policy implemented earlier on. The fiscal stimulus policies that had been implanted earlier on also had the biggest effects that brought the world into the two thousand and eight financial crises. Perhaps the implementers had put a lot of efforts and expectations in the policies such that their failure left the implementers with no option in terms of an alternative way out. Thus, the world was left at sake and consequently falling into the financial crisis. The Effects of the Fiscal Policies implemented in Reaction to the Crisis The fiscal policies had a lot of negative effects on both people and the general economy. To begin with, the fiscal policies caused negative economic growth as many banks globally feared to lend money even to their fellow bank operators as a result of the policies that had been implemented earlier. Banks feared to lose their money as interest rates fluctuated rapidly. The offering of more liquidity by many central banks did not solve the problem, but it rather worsened it as more fear crept in. Secondly, the collapse of many banks due to the failure of the implemented fiscal policies caused a lot of uncertainties. Consequently, many banks across the globe restrained from giving out loans. Many countries in the world including the United Kingdom and the United States, experienced high unemployment rates as a result of the failure of the fiscal and monetary policies that did not give out promising results but instead brought negative outcomes. References Bernanke, B. (2009). Essays on the great depression. Princeton: Princeton University Press. Cashell, B. W. (2010). The federal government debt: Its size and economic significance. Congressional research service. Retrieved from https://fas.org/sgp/crs/misc/RL31590.pdf Cooper, G. (2008). The origins of financial crisis: Central banks, credit bubbles, and the efficient market fallacy. New York, NY: Vintage Publishing. This essay on The Worst Economic Crisis in the U.S. was written and submitted by user Guillermo Y. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Prepositional Idioms with of

Prepositional Idioms with of Prepositional Idioms with â€Å"of† Prepositional Idioms with â€Å"of† By Maeve Maddox The other day I read a letter supposedly written by a literature professor. It contained what struck me as the unidiomatic use of the preposition to attached to the adjective ignorant. Note: An expression is idiomatic when its meaning is not deducible from the meanings of the individual words. In idiomatic usage, the exact same words can have different meanings, depending upon context. Take, for example, the phrasal verb â€Å"put out†: put out the light (extinguish) put out the cat (place outside) put out your hand (extend) ESL learners spend hours memorizing dependent prepositions and the words they appear with because few dependable rules exist to explain the usage. We’re angry with a person, but angry about an injustice. We’re concerned about our children, but concerned with the ecological movement. I don’t remember having been taught these patterns. I just know what â€Å"sounds right.† The dependent preposition I’ve always heard used with the adjective ignorant is of: He was ignorant of the consequences of his actions. For this reason, I was startled to read what the literature professor wrote: I specialize in literature, feminism, and cultural criticism (so naturally I would be ignorant to something that got 700,000 views). Note: the professor was being sarcastic. Of course she knew about whatever it was that â€Å"got 700,000 views.† My impulse was to condemn the unidiomatic usage â€Å"ignorant to† without further ado, but then I recalled the way â€Å"bored of† has spread in recent years. To me, â€Å"bored of† is horribly unidiomatic, but since writing an unforgiving post about it, I’ve seen on Google N-Gram Viewer that the appearance of â€Å"bored of† in printed books has risen precipitately since the 1980s. Further, according to the Oxford Dictionaries online site, â€Å"the Oxford English Corpus  contains almost twice as many instances of â€Å"bored of† than â€Å"bored by.† Clearly my knee-jerk reaction to unidiomatic preposition use bears examination. I did a web search. Sure enough, â€Å"ignorant to† is out there in blog postings and reader comments: Why are people so ignorant to the facts? I think hes ignorant to the fact that they both wanted it People just are ignorant to the fact that system files use up that space too. Torres seems ignorant to the danger he is in. So far, â€Å"ignorant to† is still rare in modern usage compared to â€Å"bored of.† By the way, although the folks at Oxford acknowledge the popularity of â€Å"bored of,† they also acknowledge that it’s still not considered to be standard English: â€Å"It’s best to avoid using it in formal writing.† When it comes to which preposition to use with which adjective, the spirit of the language will decide. Meanwhile, careful writers and speakers may wish to review current prepositional use and use the established patterns. To get you started, here are a few examples of adjectives that take the preposition of: accuse of: The homeless man was accused of vandalizing a park bench. acquitted of: When more evidence came to light, the man was acquitted of the charge. capable of: Unsocialized children are capable of atrocious behavior. censorship of: Throughout history, governments and religious institutions have advocated the censorship of books. consist of: Krapp’s diet consisted of bananas and water. convince (someone) of: You’ll never convince him of the truth of your argument. critical of: He is critical of everything I write. deprive of: Millions of children grow up deprived of ordinary comforts. disapprove of: Some people make it a policy to disapprove of everything they didn’t think of first. jealous of: Some men are jealous of the success of their wives. kind of: What kind of books do you like to read? regardless of: The soldiers were required to shave, regardless of their wishes. required of: Familiarity with standard English is required of all applicants. short of: I can’t go to the movies because I’m short of cash. take charge of: Adolescents are encouraged to take charge of their learning. unmindful of: The wounded man staggered aimlessly, unmindful of traffic. worthy of: This writing is worthy of a professional novelist. And, let’s not forget, ignorant of: Many native English speakers seem to be ignorant of established prepositional use that ESL learners struggle to master. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Expressions category, check our popular posts, or choose a related post below:What Does [sic] Mean?Loan, Lend, Loaned, LentWhat the heck are "learnings"?

Boo Hoo

Question 1. Which strategic marketing assumptions and decisions arguably made Boo. com’s failure inevitable? Contrast these with other dot-com era survivors that are still in business, for example lastminute. com, Egg. com and Firebox. com. Boo. com was started by 3 Swedish entrepreneurs as they wanted to launch a world wide online retail website selling major sports brands clothing like Adidas, Nike, Fila, Lacoste, Polo and Ralph Lauren etc. here were major decisions and assumptions were made, taking for an example the currency conversion rate offered in US and Europe was far lower than the normal currency conversion rate in the market this lead to negative impact on the Boo. com and its sales. Initially it was though that world wide launching and making it a successful online store within month by injecting huge amount of money would lead to brand recognition in the market. Company invested $135 Million in the first 6 months in order to make it popular website all over the w orld (Tillett 2000). Author Verma Verma (2003) explains that website retailing is least expensive as maintaining website and uploading pictures and graphics and using creative 7 Ps of the marketing mix leads to positive result. Boo. com spend $6milion in 1999-2000 on web developing and adding pictures of the products which coasted them $200 per picture was a huge expense created by the company management, due to those reasons they couldn’t generate $20 million in 2000 and on 18th May 2000 company got bankrupt. The assumption of being a global brand within months by injecting unnecessary money in the technology and it operation was a wrong decision made by the Boo. com management which actually led to disaster and company needed urgent finances in 2000 which eventually lead them to bankruptcy. Another major assumption went wrong was the selection of the target market. Company started targeting males and females aged 18 years to 24 years old as it was believed they are more fashion conscious people. But critics and according to media pointed out the fact that these people are fashion conscious but how many 18 to 24 male and females go online and do shopping using their credit cards. This is what we are talking about in 1990 where online frauds and dial internet were common comparing to now. In contrast there were other online retailers like egg. com and Firebox. com and they survived and still running business. As money or profits generated and wise and realistic strategies and tactics were used by these companies. According to a travel Trade Gazette (2007) clearly stated in their article that Boo. om blew their money and wasted on so many unnecessary technologies. Article also presented that boo. com is linked with one of the biggest failures of the first dot. com era. It materialised at around the same time as lastminute. com and was Swedish-owned UK-based site selling lifestyle apparel. Extravagant marketing and development costs meant it burned through money which impacted i n 2000 when investors gave up and $20 million was not raised by the company on 18th May 2000 and was declared bankrupt. Where as other online companies used less financial sources and tried best to attract customers and satisfy their needs and wants. So basically above arguments and facts clearly shows various wrong decisions were made by the Boo. com management and by the company itself which led them to failure. Question 2. Using the framework of the marketing mix, appraise the marketing tactics of Boo. com in the areas of Product, Pricing, Place, Promotion, Process, People and Physical Evidence. For online retailers it is vital to create their marketing mix very effective as it is not mere limited to the Place, Price, Product and promotion (Rix Stanton 1998).

TURING MACHINE Essay Example | Topics and Well Written Essays - 1500 words

TURING MACHINE - Essay Example In spite of its minimalism, a Turing machine could be modified to reproduce the logic of some computer algorithm, as well as this machine is mainly useful in illuminating the operations of a CPU within of a computer (Suber, 2002). This paper will present deep analysis of the different functionalities, operations, and uses of Turing machine. According to Weisstein (2009) the concept of the Turing machine was initially presented by Alan Turing in 1937. He also invented the initial Turing machine that was presented like an idealized model intended for mathematical computation. A Turing machine composed of a line of cells acknowledged as a "tape" that can be moved back as well as forth. In a Turing machine there is an active component "head" that has a feature acknowledged as "state" that is capable to transform the attribute recognized as "color" of the active cell below it, and also a set of commands for how the head needs to be adjusted by the active cell as well as shift the tape. In addition, the machine can transform the color of the Turing machine active cell at any step. Also, it can transform the position of the head, and moving the tape one step towards right or left (Weisstein, Turing Machine, 2009; Sipser, 2005). Copeland (2000), discusses about Universal Turing Machine (UTM), which is a Turing machine that is capable to replicate other Turing machine. An additional mathematically-oriented description by a related "universal" nature was presented by Alonzo Church, whose effort on lambda calculus linked with Turing in a prescribed hypothesis of computation identified as the Church–Turing theory. The theory presents that a Turing machines certainly holds the informal view of useful technique in mathematics as well as in logic, and also offers an accurate explanation of a mechanical procedure or algorithm (Copeland, 2000). According to Aanderaa (2006), a

Plato Republic (Translated by G.M.A GRUBE) Revised by C.D.C REEVE Essay

Plato Republic (Translated by G.M.A GRUBE) Revised by C.D.C REEVE - Essay Example Furthermore, Socrates thought that this was the only way to properly live, to live the examined life. If the ruler of a nation lead the examined life, then this would be an example to the citizens to do the same. However, the problem is that sometimes rulers might have to make decisions which are not philosophically sound. If every single ruler in the world was a philosopher, this might work, but one philosopher king in the midst of a world of regular kings wouldn’t stand a chance. Rulers have to be more utilitarian in function; they have to think about what is best for the largest amount of people under their rule. What happens when a decision that must be made is in the best interests of the country, but it is not exactly philosophically sound? A philosopher like Kant stated that the only philosophically sound decision in regards to telling the truth was to never lie. But we can all think of situations under which we can think that it would be less moral to lie than to consider the alternative. The only way that philosophers could be effective kings is if we lived in a Utopia, but then how do we reach Utopia without philosopher

The resistance of a wire Essay Example for Free

The resistance of a wire Essay For my experiment I will use Constantan, This is because it gave me the widest range of results, so it makes it easier for us users to see and understand whats going on. The thickness I will use will be 32. This is also because it gave me the widest range of results. I also chose this type of wire because it did not get hot very easily. This is a good thing because it will be a fairer test (when temperatures stay relatively the same) and there is less hazards involved. The length of wire I will use- I will use the following lengths of wire-. I think these lengths of wire is suitable for the experiment. 10 lengths is good enough to show us a general pattern. Equipment- -Ammeter -A 1m ruler (to measure length of wire) -At least 8 electrical cables -Voltmeter -Power Supply unit -at least 600cm of Constantan -crocodile clips Method- 1. Connect the electrical circuit as shown in the preliminary work. Make sure all the wires all connected correctly. Note that the voltmeter has to be connected in parallel because it has a very high resistance, current will not be able to go through. 2. Before doing anything else, set the voltage of the power supply unit to 0V. Then turn on the power Supply unit (PSU). 3. Connect the piece of wire of desired length to the two crocodile clips (both ends) 4. Now set the PSU dial to 2. Turn on the Machine. Allow readings to settle then record readings from the ammeter and the voltmeter. 5. Turn of Machine. (avoid the wire getting hot) 6. Do the same adjusting the dial switched to 2, 4 and 6. Change the lengths of the wire each time using the following lengths- 20, 40 60, 80,100, 120,140,160,180,200cm. Record the readings from the ammeter and the voltmeter. 7. Once you have finished all the experiments you have to divide the volts by the current (amps) to find out the resistance. It is explained how to do this in the analysis later. Analysis Analyzing the Graph- From the pattern on the graph, we can tell that my prediction was correct. An increase of length gives you an increase in resistance. This can be seen because the line of best fit is moving upwards while the length of wire is increased. All the points on the graph are almost on the line of best fit, it was very easy to draw the line of best fit. There were one or two points that did not fit the line completely. These were the last two lengths. 180 and 200cm. This could have happened due to some experimental errors. The graph proves that as the length of the wire increases the resistance of the wire increases proportionally. This means that if we double the length of the wire we also double the resistance. How I calculated the results- Resistance = Voltage / Current So for example: Voltage = 0. 51V, current = 0. 15A. Therefore resistance = 0. 51 / 0. 15 = 3. 95? I then averaged all the results (readings on the dial 2, 4 and 6) to come up with a final pair of results which used to plot on the graph. Conclusion- From the graph we can tell that almost all the points are on the line of best fit. The length of wire and the resistance is directly proportion to each other, as in they rise together. If we double the length of the wire the resistance will too double. This proves that the resistance of the wire will vary according to the length and width of a wire. The longer the wire the higher the resistance. The length of the wire and the resistance rise together. The increase in voltage is increasing the amount of energy transferred every second in the circuit. My theory is, if length of the wire increases, there is less chance for the electrons to go through. Most of them bump into the atoms inside the piece of wire, therefore increases resistance. According to my graph my prediction was correct; a rise in length is a rise in resistance. Evaluation Problems encountered- The problems encountered were very mild except for when we were taking measurements for small lengths of wire. The wire got very hot; it was difficult to take readings because the readings on the meters kept on changing in high ranges. How accurate were my results- My results may not have been extremely accurate however when we draw the line of best fit we can see the pattern quite clearly. It is good enough for us to find and interpret a pattern from the line of best fit. The ruler we used may not have been entirely accurate. Also, the voltmeter and the ammeter is limited to 2 decimal places, and are not entirely stable (the readings are always changing). We can only measure an approximate reading. How ever as I said earlier I feel my results are good enough to show us a general idea of what is happening. Comment of the overall experiment- Overall, I feel that the experiment was done in a quite good state. Yes there were 1 or 2 anomalous results; however the line of best fit still turned out as expected. 10 results is good enough for us to draw a decent and accurate line. All in all most points lie very closely to the line of best fit. The line is quite reliable as it turned out as expected (i. e. it matches my prediction) and it also matches the research I had done previously. It shows us a general pattern of the length of wire and resistance being proportional. Things I could have done better- The experiment could have been done much more accurately. I could have used a more reliable ammeter and voltmeter so readings can be more accurate, they can be more stable and corrected to more decimal places, in this case there will be fewer errors in the graph. We could also have used fewer wires. The wires we use have a very slight resistance, therefore affecting the experiment slightly. Besides all this there is not much else we could have done. The experiment could have turned out better if the equipment used was much more advanced (explained above). However as said earlier the results are good enough to show me a general pattern and allow me to analyse what happens.

Olmstead V. United States (1928) Essay -- essays research papers

Olmstead v. United States (1928) Opinion delivered by Chief Justice Taft Vote: 5-4 Case reached Supreme Court by writ of certiorari. Facts: The evidence in the records discloses a conspiracy of amazing magnitude to import, possess, and sell liquor unlawfully. Involved were not less than fifty employees, two sea-going vessels for transportation of the goods to British Columbia, a ranch beyond the city limits of Seattle with a large underground cache to store the liquor, and many other caches around the area of Seattle, a maintained city office with executives, secretaries, salesmen, deliverymen, dispatchers, bookkeepers, collectors, scouts, and an attorney. Olmstead was the leading conspirator and manager of the business. His invested capital brought him 50 percent of the total income of the company (said to be over 2 million/year), and the other 50 percent went to 11 other investors. In the main office building there were three different telephones with separate lines for each. Telephone communication was made throughout the city, the homes of the investors, customers, Vancouver, to and from the office building and ranch. Times were fixed for the delivery of the "stuff" to places along the Puget Sound and from there was transported to the various caches. The information leading to the arrests was made primarily by four Federal prohibition officers. The officers placed sma...