Friday, December 27, 2019

The Great Recession Of 2008 - 1691 Words

Stefanos Lazaridis Professor Demiray Economics 200 October 18, 2015 Great Recession of 2008 The Great Recession in 2008 led to a huge crisis in the United States economy. This recession almost led to the entire collapse of the United States economy due to the constant unstable changes in legislation, regulation, along with the changes in fiscal and monetary policies. Furthermore, many economists believe that the increase of excess monetary and government irresponsibility led to the overall crisis in the mid to late 2000’s. Some economists believe that the oversupply of monetary contributed to the 2008 crisis due to low interest rate targets that were substantially below the monetary requirement. In this paper I will discuss the effects of the changes in monetary and fiscal policies that altered the economy in 2008 as well as the current and desired gross domestic product for the future United States economy. The United States fiscal policy can be defined by how the United States government collects revenue which is usually through taxes from c onsumers, and how the government spends (expenditures) the money collected in order to influence the economy. Moreover, many Keynesian economists believe that by adjusting level of taxation and government expenditures, supply and demand could also impact aggregate demand. For example, if John says that there needs to be an increase in jobs to enhance overall stimulation in the future economy, he would have to allocate resources andShow MoreRelatedThe Great Recession Of 20081123 Words   |  5 Pages The Great Recession of 2008 Debra Turner ECON 102 Professor, Shahrokh American Public University September 26, 2015 â€Æ' The Great Recession of 2008 Recession is a significant decline in real GDP, real income, employment, industrial production, and wholesale/retail sales, which last more than a few months. (Economic recession, n.d.) Further, a recession typically begins after a peak in the economy and ends at the trough, however, â€Å"the start and end dates are determined by the Business Cycle DatingRead MoreThe Great Recession Of 20081814 Words   |  8 PagesSubprime Lending and the Recession of 2008 The great recession of 2008 affected everyone around the world. The great Recession is considered the second worst economic crisis in American history, behind the Great Depression. The Recession of 2008 was caused by two major faults: the use of subprime lending and changes in banking culture leaning towards self interest within the banking industry. There is no doubt that subprime lending was a major cause of the Recession. It was a tactic used byRead MoreThe Great Recession Of 20081388 Words   |  6 Pages The great recession of 2008 affected everyone around the world. The great Recession is considered the second worst economic crisis in American history, behind the Great Depression. The Recession of 2008 was caused by two major faults: the use of subprime lending and changes in banking culture leaning towards self interest within the banking industry. There is no doubt that subprime lending was a major cause of the Recession. It was a tactic used by investment banks in order to get more moneyRead MoreThe Great Recession of 20082062 Words   |  9 PagesAbstract A recession is full-proof sign of declined activity within the economic environment. Many economists generally define the attributes of a recession are two consecutive quarters with declining GDP. Many factors contribute to an economys fall into a recession, but the major cause argued is inflation. As individuals or even businesses try to cut costs and spending this causes GDP to decline, unemployment rate can rise due to less spending which can be one of the combined factors whenRead MoreThe Great Recession Of 2008-91850 Words   |  8 PagesThe Great Recession of 2008-9 was the deepest and longest capitalist economic slump since the Great Depression of 1929-32. The recent financial crisis is known as the â€Å"Great Recession† of 2008-9. Its downturn was sparked by the collapse of the US housing market. In 2006, the prices of home began to rise and the banks began to encourage potential homebuyers to take out larger loans. There were lower interest rates at the time, an d this seemed like a good idea for most individuals who were searchingRead MoreThe Great Recession in the year 20081063 Words   |  5 PagesRecession 16Specifically, Freund (2009) defines global downturns as years when world real GDP growth is (1) below 2 percent, (2) more than 1.5 percentage points below the previous five-year average, and (3) at its minimum relative to the previous two years and the following two years. 1975, 1982, 1991, 2001, and 2008 Freund (2009) describes the evolution of world trade following four previous global downturns. She finds that the size of the decline in world trade during these episodes is Read MoreThe Great Depression of 1929 vs. the Great Recession of 20082799 Words   |  12 PagesThe Great Depression of 1929 Vs. The Great Recession of 2008 In America there have been great economic struggles and triumphs. The many great leaders of this country have foraged, failed, and overcome some very difficult times. Comparing the Great Depression of 1929 and the Great Recession of 2008 has revealed similarities that by learning from our mistakes in 1929 could have prevented the latest recession. I will discuss the causes of the Great Depression and the Great Recession, and what policiesRead MoreThe Great Recession Of 2008 Was A Worldwide Economic Downturn1673 Words   |  7 PagesThe Great Recession of 2008 was a worldwide economic downturn that impacted the global economy. Economists consider the economic decline as one of the most damaging recessions that occurred since the Great Depression of 1930’s. Several documentations and research regarding the recession have been made to make a better understanding of the economic downturn in 2008 as well as the global economy as a whole. The book used as reference in this essay, the Diary Of A Very Bad Year: Confessions of an AnonymousRead MoreGreat Recession 2008 Economic Crisis, emerged in recent months of 2008 and many countries of the2500 Words   |  10 PagesGreat Recession 2008 Economic Crisis, emerged in recent months of 2008 and many countries of the world are adversely affecting economic development. Especially in this crisis compared with 1929 World Economic Crisis in September 2008 has become visible. The market value of real property in the United States losing one and kept it as a result of the increase in personal bankruptcies even though it is believed that triggered the crisis. Causes Throughout the 2000s, especially in oil and all commoditiesRead MoreFiscal and Monetary Policy Before During and After the â€Å"Great Recession† of 2008594 Words   |  3 PagesOne of the most interesting facets of The Great Recession of 2008 is that it didn’t really begin in 2008. The fiscal and monetary policy that prompted what we know now as the Great Recession of 2008 really began in 2006 and 2007. What was happening then and why did it take so long for the nation to feel the recession? The answers to those questions explain a great deal about how the Federal Reserve Bank operates and how the different ideologies of economics affect our nation (Sumner, 2011). In

Thursday, December 19, 2019

Crime Control And The Criminal Justice System - 1578 Words

Murderers Let Free Casey Anthony is innocent. Or is she? Human error is too prevalent when having random people determine the outcome over a suspects trial. The jury opens holes for these errors. Law enforcement agencies should be able to use their full discretion when attempting to keep the streets in their city clean. Not necessarily by their gut feelings, but the evidence presented to them. People shouldn’t have the ability to have loopholes to get out of a crime they committed like â€Å"the officer didn’t have probable cause to search me† or â€Å"he profiled me, he’s racist† even though what the officer was looking for was found, and the charges get dropped because of being deemed â€Å"unlawful†. The crime control model should be used in society in this day in age in the criminal justice system as apposed to the due process model. Crime control is a more aggressive means while Due process model emphasizes on constitutional rights and doing justice to ge t convictions. Crime control model is a more aggressive approach, order is a value. This emphasizes society’s right to feel safe and feels freedom is very important. This model emphasizes the need to attempt to catch, convict, and punish every criminal with efficiency and speed. According to criminal Justice of America, This more aggressive model puts citizens rights last and treats suspected people as criminals to attempt to dispose of high crime rates and potential criminals quickly. Efficiency is uppermost important inShow MoreRelatedCrime Control And The Criminal Justice System And Preventing Crime1335 Words   |  6 PagesCrime control has always been a major key within society and over the decades there have been numerous debates on how to handle this growing epidemic. Crime control has over several different categories in which one can relate the key provisions to maintaining the criminal justice system and preventing crime. Crime control can range from the organization of the police department to how we list legal acts and procedures. Crime has been a common entity in society, our forefathers established a startingRead MoreThe Criminal Justice System For Crime Control And Due Process1466 Words   |  6 PagesThe American criminal justice systems have over time faced the need of a justice scheme that incorporated both the crime control and due process. There have been constant debates regarding the superiority of each model. The crime control system is based on curbing criminal activities by focusing mainly on the victim of the crime rather than the rights of the accused criminal. This meant that as long as one claimed breach of rights by another the system would push to punish accused without consideringRead MoreThe Crime Control Model Is The Most Important Function Of The Criminal Justice System895 Words   |  4 PagesThe Crime Control Model is by far the most important function of the criminal justice system. The crime control model stresses the need for efficiency and speed to generate a high rate of appreh ension while dealing with limited resources. In the crime control model a presumption of guilt exists prior to a suspect becoming a defendant. Police departments can exhibit different structures and procedures under the crime control model by adopting the mission of crime prevention and control, using theRead MoreDue Process Model versus Crime Control Model Essay834 Words   |  4 PagesThere are two distinct types of models that are found in the English criminal justice system. These are the crime control model and the due process model. They vary in their characteristics and are considered to take divergent objectives. Basing on their evident differences, one of them is actually considered being more effective than the other if the new wave and rate of crime being witnessed in the society is anything to go by. This paper therefore seeks to identify some of the differences betweenRead MoreCriminal Justice Is A Complex System1114 Words   |  5 PagesCriminal justice is a comple x system that requires a method to fully understand the many facets involved. Herbert L. Packer, Stanford University of Law Professor, published two key documents, an article Two Models of the Criminal Process and a book titled The Limits of Criminal Sanction which presented two models of the criminal justice system; the crime control model and the due process model. Packer s objective was to present two very diverse methods to understand and process the workingsRead MoreCriminal Justice Systems Paper1153 Words   |  5 PagesCriminal Justice System Paper The criminal justice system and the criminal justice process has shaped the laws of this country into what they are today from the concerns of politicians and government leaders as far back as the 1800s with crime control. Basically, the criminal justice system was designed to ensure the safety of individuals whom are citizens of this country. Essentially, the criminal justice system is â€Å"the structural basis used to maintain social control† (Education DecisionsRead MoreCriminal Justice System1524 Words   |  7 Pagesfor the Criminal Justice System is to reduce the crime and the fire of crime. In order to achieve this it is using different agencies and the major of them are the Police, Prosecution, Courts, Prisons and Probation. They all are operating in synchrony for achieving their legal responsibilities and particularly for reducing the level of crime. The aim of this essay specifically is to discuss the functions of the police and how they actually fit with the o bjectives of the Criminal Justice System as aRead MoreCrime Control Model And The Due Process Model1327 Words   |  6 Pagesthe criminal process. The two model of the criminal process are the crime control model and the due process model. Both of these models are bring used in the criminal justice system. The two models give understanding to the values of the criminal law with that in mind these two modes are not absolute. Herbert Packer articulates the values of the criminal justice process between due process which is emphasis on the right of an individual and crime control model sees the regulation of criminal conductRead MoreThe Limits Of The Criminal Sanction Written By The Criminologist Scholar Herbert Packer Essay1619 Words   |  7 Pages The criminal justice system is finding ways and doing their absolute best to prevent crime and protect their citizens. Preventing crime is not an easy job, the system prevents crime by using their powers to arrest, prosecute, an d sentences criminals to prison. Citizens need to feel safe in their environment that they are living in. However, since we are living in a constitutional and democratic society, where citizen rights need to be protected and have due process where people can be innocentRead MoreThe Consensus, Crime Control, and Due Process Models Essay1630 Words   |  7 PagesThe criminal justice system consists of models and theories that often contradict one another. Of these models are the crime control model, the due process, model, the consensus model and the conflict model. In this paper these models are evaluated and defined, as well as each entity in the criminal justice systems role within each model. Policing, corrections and the court system all subscribe to each model in some way and in a hurried manner in cases that dictate such a response. As described

Wednesday, December 11, 2019

Meteorology Essay Example For Students

Meteorology Essay Meteorology 113Midterm1.METAR CYSX 161700Z 24015KT 3SM SN OVC015 4/-5 aq3006 RMK SC8 SLP221In the weather report above, what is the: (include units) (6 marks)WindPrevailing VisibilityCurrent WeatherClouds (base and type)Temperature / Dew PointAltimeter Setting2.Name two weather elements normally found in a Metar that will not be reported in a SPECI. (2 marks)3. SKC in a TAF stands for ____________________________________________. 4.Decode completely 1/2SM + RA BR VV020. (3 marks)5. TAF CYPR 061742Z 061806 26015G25KT P6SM SCT020 BKN060FM1800Z 33015G25KT P6SM SCT012 BKN025TEMPO 18045SM SHRAOVC012FM0400Z 33020G30KT 3SM SHRA BR OVC005BECMG 0305 P6SM NSW SCT005 OVC012(a)What is the period of this TAF? (2 marks)(b)At 2000Z what is the forecast surface wind? (2 marks)(c)What is the lowest ceiling forecast between 18 and 06Z?(d)At 0500Z what weather conditions are being forecast at CYPR? (5 marks)Wind__________________________________________________________________Ceiling_________________________________________________________________Visibility_______________________________________________________________Weather and/or obstruction to vision_________________________________________________________________________________________________________________(e) At what time are winds forecast to begin to decrease? Explain your answer. (2 marks) 6.FDCN03 CWAO 051530FCST BASED ON 051200 DATA VALID 061200 FOR USE 06-1730006 00090001200018000YVR 18382048+032146-032251-082264-19YYF 99001912-012231-032248-072766-18YXC2307+002428-022537-072544-17YZP20262127-052128-122131-192041-31YZT 22152222-032231-082139-142060-25YPU2115-022139-062149-122064-23YXS1834-042240-052246-102056-22YYD1721-062133-092040-151953-27(a)What is the valid period for the forecast winds above? (b)In the digital winds above, wind direction is forecast in degrees____________and wind speed in_____________. (2 marks)(c)What is the forecast wind (direction and speed) and temperature at 12,000 feet over Puntzi Mountian (YPU)? (2 marks)(d)What is the forecast wind direction and speed at 9,000 feet over Kelowna?(2 marks)(e)Estimate the wind direction and speed and temperature over Penticton (YYF) at 15,000 feet. (3 marks)7.Decode completely the following digital wind for 34,000 feet 619935. (4 marks)8.You are flying at 10,000 feet towards an airport with elevation of 2,127 feet. You ask the FSS operator for the current digit winds at 3, 6 and 9 thousand feet and are told that no wind is available for 3,000 feet. Why is no wind available?9.On a Clouds and Weather panel of a graphic area forecast cloud layers will be described as to:(a)amount and the base of the cloud(b)amount and the top of the cloud(c)amount and the bases and top of the cloud(d)none of the above10.For an equivalent amount of cooling, more energy is released during condensation at ____________________temperatures. (a)colder(b)warmer(c)they will be the same(d)energy will be absorbed, not released11.The three principle properties of the atmosphere are:(a)rain, snow, hail(b)heat, cold, moisture(c)expansion, compression, mobility(d)pressure, temperature, wind12.Atmospheric processes which effect the weather are, for the most part, restricted to the:(a)thermosphere(b)mesosphere(c)stratosphere(d)troposphere13.The temperature in the lowest part of the stratosphere_______________with altitude. (a)increases(b)nearly constant (c)decreases slowly(d)decreases rapidly14.Why when using a graphic area forecast is it important to be aware of the elevation of the local topography? (2 marks)15.The following phrase is found in a graphical area forecast. Decode and explain the significance of CIGS 3-8 AGL. (3 Marks)16.The term IFR CIG/SN is a forecast of what meteorological conditions. (3 marks)17.____________________ heat is the energy absorbed or released during a phase change of water. (1 mark)18.Define Saturation. (2 marks)19.The small particles in the atmosphere that are necessary for condensation to occur are called ________________________________________. (1 mark)20.Define:a)Relative Humidity (2 marks)b)Dew Point ( 2 marks)21.The boundary between the troposphere and _________________________ is called the ___________________________. (2 marks)22.The combined effects of ___________________ and _____________________ causes the lower several thousand feet of the atmosphere to be heated from below. (2 marks)23.Name three methods that heat is distributed through the atmosphere. (3 marks)a) ________________________________b) ________________________________c) ________________________________Words/ Pages : 631 / 24

Tuesday, December 3, 2019

Romeo And Juliet Mood Essays - Characters In Romeo And Juliet

Romeo And Juliet Mood The mood illustrated in William Shakespeare's "Romeo and Juliet" changed drastically from the beginning of the play to the end. This is shown throughout the story through the physical, emotional, and philosophical changes that take place. When Romeo and Juliet met each other, they were so ecstatically in love with each other, but their joy was soon crushed. At the beginning of their love they thought nothing could separate them, but Romeo's banishment changed that. The Capulet and Montague families had always believed that hatred towards each other was an indestructible, acceptable thing, however, that soon changed. Both the Capulets and Montagues were emotionally scared by the two teenagers love for one another. The families felt that hatred was right throughout there history. Emotionally Juliet was tortured from being away from Romeo, Romeo feeling the same way also. First, Romeo is banished to Mantua, then her parents disown her when she refuses to marry Paris. Yet no sooner do they draw apart than they find themselves bound to take notice of the public world and its imperatives, of time calculated in days and hours, of love reduced to very little. Finally, her beloved Nurse betrays her, and Friar Lawrence deserts her in the tomb. Without meaning to, Romeo has left her alone in the world. She must spend her final moments totally abandoned. As you can see the emotional moods varied throughout the story of the two star crossed lovers. At the beginning of the play, Juliet is in harmony with her family. Their wish that she likes Paris is also her wish, and she has no secrets from them. After she meets Romeo, the two are isolated from the rest of the world. Even their friends don't truly understand them any more, but they have each other, and no one, at this point, is seriously threatening them. Juliet starts to physically lose her family and friends after she met Romeo. Nevertheless, we recognize this deeper dramatic sense, which was to shape the maturer tragedies, already in rebellion. Accidents make good incidents, but tragedy determined by them has no meaning. Their families are all hatred and pride and the play contrasts Romeo and Juliet's love against their families'hate as illustrated by the feud. In the Prologue, we're told that her love is stronger than the hatred of the feud, but it's a bitter struggle. Hatred is strong enough to separate the lovers, kill Mercutio, Tybalt, and Paris, banish Romeo, and finally force Romeo and Juliet to commit suicide. But love is even stronger, nothing can kill the love between Romeo and Juliet, and this finally triumphs. After the tragedy the survivors are shocked into dropping their feud, and Montague and Capulet are united in grief. You can see there was a lack of communication throughout the families and loved ones. Once again, nothing made the enemies except the clash of their own wills, and nothing is needed to make them friends except a change of heart. Romeo and Juliet is in essence a comedy that turns out tragically. But it is Romeo's headlong recklessness that leaves Friar Laurence no time to retrieve the mistake.