News Article Analysis Essay Example | Topics and Well Written Essays - 750 words - 3

News Article Analysis - Essay Example In such a situation, contrary to economic rules, budget deficits and printing money do not drive up inflation and slashing government spending has a disastrous effect on incomes and employment. Low inflation discourages borrowing and spending and encourages sitting on cash. The persistent weakness in the economy forces businesses to cut prices and prevents workers from bargaining for better wages. Paul Krugman argues for the need to provide monetary and fiscal stimulus to the economy to reduce unemployment and increase economic activity. He fears that letting these problems fester in the belief that these are short term problems would cause larger problems in the longer term. Conventional economic theory suggests that money supply is the most important factor in causing inflation, the classic explanation of â€Å"too much money chasing too few goods†. The $ 2 trillion that was injected into the economy should have caused the high inflation that many economists feared. However this perhaps was not real money injected into the system but more in the nature of a book adjustment for the distressed financial institutions. The two other factors that could have driven inflation were however absent in the US economy, the demand-pull factor and the cost-push factor. The demand-pull factor has been weak because of high levels of unemployment and the pessimism about the future in large sections of the people. There was no cost-push factor perhaps due to the fact that the crisis was global in nature. The Euro zone has been in recession and the China growth rate has slowed, reducing demand for a whole range of commodities. Conventional economic theory was formulated in a time period where each country’s economy was significantly insulated from others through geographic distance, tariff barriers and other obstacles to trade. These theories perhaps need re-examination in the light of the interconnection in global economy. Paul

Ferdinand Davids Trombone Concerto Essay Example | Topics and Well Written Essays - 1000 words

Ferdinand Davids Trombone Concerto - Essay Example After a brief hop at the sixteenth note, the triplet should drive through directly to the arrival note. The motivic rhythm reappears in measures 46, 48, 102-106, and beyond the first movement. Once the initial motif is past, the entire statement (measures 42-65) is also important to emphasize for the audience. The poetic pairing found in measures 44-47, and then again in measures 48-51, is one of the key elements that must be inflected, and then followed up effectively in the dramatic resolution found in measures 52-55. This is a good microcosm of the dramatic builds to be found in the work, and the half notes in measure 52 are one excellent place to build dramatic value. Vibrato is one way to accomplish this, but a solid drive through the air column is also crucial here. The grand opening then takes place between measures 60 and 83. The first four measures of this should be played with a significant amount of verve and vigor to lend a sense of heroic drama. Measures 64-67 remind the listener of your opening passage, and so a definite sense of sweep and flow is important at this point. In measure 68, a definite development begins, and so dropping slightly in dynamics before entering the measure will give more energy to the later crescendo build; one of the most effective ways to snatch the attention of the audience is to drop the dynamic before beginning a slow build. This crescendo should reach its boiling point in measures 72 and 73, with the flourish in G-flat major. These two measures can be performed with some license as to the rhythm, because of the dramatic power. As this first section of the opening ends, in measures 76-82, it is important to pay special attention to the dotted eighth notes. Accents and marcato may well be called for here, as long as the tongue stays out of the tone's way. The diminuendos here can definitely be musical and technical assets. What one might term a cantilena then comes, from measures 83-102. Grove's Dictionary of Music defines cantilena as a "flowing melodious phrase of vocal character." It comes from the Italian, meaning "little song." This is a point in the piece that permits the performer really to let loose with the lyrical side of the trombone. The piano dynamic here should be taken to its metaphorical extremes. Piano here does not necessarily just mean quieter, but conveying a sensual sort of softness to the listener. How would a fur coat feel How would a warm blanket feel These are the sorts of ideas that the trombone should convey to the audience at this point. This should be combined with the dolce mood. The meaning here, of course, is "sweet," but that is a word that has numerous connotations. For the purposes of this performance, the sweetness that comes in romantic attachments would be a good mood to consider while playing this section, or the sweetness that comes from a conversation with a yo ung child. The phrase marks should not be read as dividing these first four measures into separate phrases, but four ideas within the same phrase. The phrase marks should bring lucidity and charm to the longer musical idea of the four measures, rather than dividing the idea into artificial chunks. The "d" in 4th comes in handy here in measures 94, 95, and 99. In measure 94 it can help smooth out the slur,

Confucianism Verses Taoism Concept Essay Example for Free

Confucianism Verses Taoism Concept Essay Confucianism focuses on virtue ethics as a means to an ordered and thriving, society. On the contrary, Taoism centers on the individual life in relation to the Tao, or â€Å"way to heaven†. Both views acknowledge a Tao; however, they take different views on religion, politics, and on individual responsibilities. With this in mind, we will discuss both religions and trace their similarities to a common culture perspective, particularly the Superior Man. The ideal Confucian is a â€Å"jun-zi† or â€Å"superior man†. In order to become a â€Å"jun-zi†, one must follow Li or engage in proper moral conduct to in conformity to the example of the perfect the Tao in â€Å"his† person (Dagnabitt). Li is outlined in the book of Ru thought to be written by Confucius and is used as a reference for the cultural roles an individual should take. The Confucian Superior Man is virtuous in action as well as attitude. In addition, society becomes aligned with the Tao when they become an institution of â€Å"fathers acting like fathers and emperors acting like emperors† (Dagnabitt). Consequently, tradition dictates when institutions come to be valued and the good of such institutions are considered the greatest extent of one’s human ability. We could say that Confucian attempts to view their world under a microscope, by trying to understand their past problems and follow up by worshipping their past. It is almost as if the duty of man is to discover laws and then hold them constant. The end of such a process would be considered a grasp of the Tao and its expressions. The Confucian political view is that the ruler should lead by example and according to the same virtues and rules. The Confucian attitude toward politics is that it is the foundation to a good system of family and helps cultivate the virtues of ones-self. Confucian theory believes that people will see the good and follow. In addition, they seek instruction from a master and treat each other with respect, and reverence while serving their duty faithfully.

Stimulus measures policy forms

Stimulus measures policy forms Part 1. Some reject stimulus measures in all current policy forms. These economists focus on the damaging activities and decisions of (a) private corporations, (b) commercial banks, and (c) wealthy individuals. How can these three groups that lead our private market system, each in their own way, frustrate and foil the goals of a fiscal stimulus program. The 2009 Stimulus packages that President Obama released were done so with the intentions of trying to fix the recession bound economy. But the question that surfaced was what the long term results of this stimulus package were. Is it more beneficial or more harmful to our already down falling economy? A fiscal stimulus package by the government consists of generally three options either the use of tax cuts, increased transfers or increased government spending. All three options have one problem in common; it will cause the government budget to increase. It can only serve as a temporary boost to the economy, because the government has to find a way to fund this package. When the government needs to spend money that they didnt revenue from taxes it is called a budget deficit, they would need to borrow and most likely from foreign reserve banks or through the selling of bonds. In Keyness economic vision â€Å"the goal of macro policy is not to balance the budget but to balance the economy at full employment.† This does logically make sense because a low availability of jobs would mean an increase of transfer payments including unemployment compensation and welfare benefits. But if new jobs can be created it will decrease the burden of transfer payments and increase tax revenue. An increase of jobs would equal more taxes to collect and less economic problems when unemployment rates are lower. But since the recession and fiscal policy both are signs that suggest, the economic state is not currently at its best for investments. Private corporations are less eager to invest being that from a business perspective their initial intent is to make profit. Without the confidences in future profit rates theres less of an obligation to want to take the risk. I believe that from any business stand point, private corporations are interested in how much profits they can make and maybe secondarily how many jobs a new project or investment can create. Commercial banks on the other hand could result in a â€Å"crowding out effect because the increase in government borrowing will cause a decrease in private sector borrowing†. Crowding out means that theres less progression which is also an â€Å"opportunity cost for government spending†. When the government is shut out of all other options, borrowing money to finance the budget deficits can cause an increase in interest rates. Theres only a certain about of money available for borrowing and if the government borrows, less money is available for business investments. Wealthy individuals would tend to save more and spend less. They may also invest in foreign counties that stand at a better economy. Therefore private corporations, commercial banks, and wealthy individuals are three power groups that hold the foundation of our private market system. They have the general ability to effect consumption rates because of investments. Its a circular flow effect, less jobs cause less overall GDP consumption and less taxes, less confidence in economy, which causes less investment. After all Keynes did say that â€Å"the goal of macro policy is not to balance the budget but to balance the economy at full employment. The main problem here is that there are not enough jobs to boast the economy in the long run. The American dream is to do better than the past generation. Its hard to reach that when jobs arent available and a recession at hand. Part 2. Given our currently high unemployment rate and low inflation rate, argue for or against a Supply-Side policy focus versus a Demand-Side policy emphasis. Aggregate demand or aggregate supply whats a better a choice when you have high unemployment and low inflation rates? I believe that the demand curve is only going to be a temporary answer to the economic problem. â€Å"The demand curve will shift in response to changes in income, changes in expectations (consumer confidence), changes in wealth, changes in credit conditions or changes in tax policy.† The whole purpose of aggregate demand is to stimulate consumer spending. If unemployment is high its unlikely that this will solve the problem. How do you tell someone who is unemployed to buy more? In contrary I think the aggregate supply is a better policy choice to get the economy back and running. â€Å"The policy options to shift AS rightward include: Tax incentives for saving, investment and work, human capital investment, deregulation, trade liberalization and infrastructure development.† This works better because the tax cuts will increase consumption being that it would result in a higher level of disposable income. This means that people would be more motivated to work. Lets just say Person A makes $40,000 a year and taxes used to 10% and now they are down to 5%, this means that instead of paying $4000 in taxes it would just be $2000. Person A is able to work the same amount and have $2000 extra for disposable income. This guarantees that (C+G+I+(x-m) = GPD) GDP will go up if consumption goes up. Human capital investment is a long term effect; people find it worth their benefit to invest in school and training. Our goal is to find a way to both lower unemployment and lower the inflation rates. To do this we have to focus on the supply side or the production part of the market. By producing more (new technology) it would set the platform so that better prices levels are available. The technology is going to be useful for production for a while and the investments in education will increase the standards of living. This means that cheaper goods equal more consumption. Its a long term answer to the economy because the overall GDP will grow. The economy will grow and the production of output rises while unemployment and inflation falls. If all these aspects are intact theres no way that the next generation couldnt do better. I believe that a lot of the economic problems we face today are because of the actions that the government made without thinking of the long term effects. If we want our country to become stronger and stronger we have to think in long term strategies and I believe that the Aggregate Supply Policy is the right one. Part 3. Upon completing ECO 100, you have been hired by the Obama administration to advise them on Foreign Exchange Policy. Their concern is that low interest rates and a large trade deficit have led to a depreciating dollar. Accordingly, first prepare an overview of the way such rates and trade conditions can threaten our currency value. Then secondly, advise the President whether (or not) steps should be taken to strengthen the dollar in foreign exchange markets. What makes euros worth more than dollars and Chinese Yuan to be below both? The answer is that the currency market determines what the exchange rates are worth. The Foreign exchange market is just like the all markets where theres a demand theres a supply. But if there is a more demand than supply then the exchange rate would go up. Meaning if there was a higher demand for U.S dollars; dollar value would increase also known as appreciation. But in this example if there was an excess amount of U.S currency that is above the demand needed then our dollar value fall also known as deprecation. But the rule is that where theres a lost there is always a gain. Meaning if one countrys currency value goes up some other countrys money value has to go down. If the value of the U.S dollars improves in the Foreign Exchange Market then it would increase the overall supply of dollars. If our country has a trade deficit, meaning we import more and export less, we should find a method that attracts more exports. I think that the best approach to take would be to weaken the dollar. But in order for that to happen there had to be a way to alter the supply of U.S currency. In one perspective its a good thing if our dollars are more valuable we would be able to buy more foreign goods with the same dollar. But if theres too much of a supply of dollars the dollar may lose value. â€Å"As dollars become cheaper, American exports effectively fall in price and demand rises.† In order to reduce the amount of our trade deficit we could export more goods. If our dollar rates were low enough to attract foreigners to buy our good and cooperation would still make their profits then it would all work out. A weaken dollar would work until we could clo se the gap of our trade deficit and after that we would create a strategy that will strengthen the dollar by lowering the supply of it.

The Year 2000 is Coming! :: Millenium New Year 2000 Essays

The Year 2000 is Coming! Here we are close to the dawn of the millennium. An even 2000 years has passed since man has decided to start counting. That has to be significant, doesn't it? Conspiracy theorists, self- proclaimed prophets, and doomsayers can take this opportunity to spread rumors of world destruction or take ancient prophecies and interpret them to their liking. Life must be getting boring or over stimulating for these folks. There are so many different groups spreading awareness in preparation for the millennium. One can obtain knowledge on this subject by contacting a group who call themselves TEOTWAWKI (an acronym for the end of the world as we know it), Armageddon, or on the countless Y2K websites. There are many people involved in the frenzy surrounding Y2K. We have a Y2K coalition right here in Arkansas. The citizens of Harrison have formed a group called Y2K watch. Around one hundred people meet bimonthly to discuss strategies for getting through the millennium. They have even attracted outsiders. Jerry and Carolyn Head moved from a Dallas suburb to Harrison to escape the millennia madness. They have stocked up buying a generator, livestock, and hundreds of toilet paper rolls. They claim to just be â€Å"planners† and not part of the Y2K worriers in which "most of them are nuts". Y2K,which stands for year 2000, is the confusion of our computer systems when the clock strikes 12:00 on January 1, 2000. When computers were first developed they were the size of small rooms and stored data on thousands of punch cards made out of cardboard. To save space, engineers used two digits to indicate the year. Now that we are approaching the year 2000, they realize the ambiguity of the year being 00 will apparently throw all of the computers off. Many people have declared this a disaster. One family in Ohio has really gone to extremes. They have bought the usual for survivalists, a generator and food (a years supply). In addition to this, they have invested in a waterbed in case the water companies crash and are unable to distribute water. Y2K drills are frequently practiced in the house to ensure all the appliances will work with the generator. The mother has tried to raise awareness among the community and cannot understand why the Girl Scout leader turned down her offer to lecture on the subject.

CRT Monitors vs. LCD Monitors Essay -- Compare Contrast Comparison

CRT Monitors vs. LCD Monitors The monitor is likely the most important part of the computer. Without it, you would have no idea what you were doing. Imagine trying to write a term paper, or surf the Internet without one. It would be impossible. While the technology powering the displays doesn’t change as fast as it does for other parts of the computer, there are advances which provide consumers with many choices for displays. Today, the most popular displays come in two types, Cathode Ray Tubes (CRTs) and Liquid Crystal Displays (LCDs). CRTs have been around longer, and are the most common due to the fact that they are cheaper. However the convenient size of LCDs along with falling prices has made them a popular choice as of late. This paper will examine the similarities and differences of the two, and try to determine if one is better than the other. The CRT monitors work in a fashion similar to that of standard television sets. An electron gun is mounted at the back of the monitor. The gun fires a steam of electrons in a sweeping motion towards the front of the monitor. The electrons then pass through either an aperture grille, or a shadow mask. These items work to filter the electrons into focused beams onto the front plate. The grill does this via thin vertical wires, while the mask does this with a series of small holes. After passing through the filter, the electrons collide with the screen. The screen is covered with a serried of red, green and yellow phosphors that light up when hit by the electrons. By combining different intensities of the three colors, many different colors and images can be created. While LCDs also create pictures by lighting up red, green and yellow pixels, the ... ...f whether the extra cost of the LCD is worth the space it will save on the desk. After examining the two types of monitors, it seems that they are similar in more aspects than they are different. Over the last few years LCD screens have closed the gap in many of the categories in which the CRT was superior. In most cases, the choice depends on the personal preference of the individual user. For the hard-core gamer or digital artist a CRT may be slightly better due to the faster response time and better color purity. For most consumers the choice of an LCD or CRT monitor will depend on the price issue. While the cost of LCD screens has been declining over the past few years, they are still considerably more expensive that a comparable CRT. However if money isn’t an issue, a slim and sleek looking LCD might be the way to go over the massive CRT behemoths.

Economies and Balance Midterm Exam Essay

1. Economies of Scope refers to situations where per unit costs are 2. For a short-run cost function which of the following statements is (are) not true? 3. According to the theory of cost, specialization in the use of variable resources in the short-run results initially in: 4. Economies of scale exist whenever long-run average costs: 5. The existence of diseconomies of scale (size) for the firm is hypothesized to result from: 6. If TC = 321 + 55Q – 5Q2, then average total cost at Q = 10 is: 7. Using demand and supply curves for the Japanese yen based on the $/Â ¥ price for yen, an increase in US INFLATION RATES would 8. An appreciation of the U.S. dollar has what impact on Harley-Davidson (HD), a U.S. manufacturer of motorcycles? 9. In a recession, the trade balance often improves because 10. The purchasing power parity hypothesis implies that an increase in inflation in one country relative to another will over a long period of time 11. Companies that reduce their margins on export products in the face of appreciation of their home currency may be motivated by a desire to 12. The import of Apple iPads assembled in Shanghai at a $295 wholesale price ($213 cost and $82 profit margin) adds more than it should to the U.S. trade deficit with China because 13. Trading partners should specialize in producing goods in accordance with comparative advantage, then trade and diversify in consumption because 14. Marginal factor cost is defined as the amount that an additional unit of the variable input adds to ____. 15. The marginal product is defined as: 16. The isoquants for inputs that are perfect complements for one another consist of a series of: 17. The primary purpose of the Cobb-Douglas power function is to: 18. Given a Cobb-Douglas production function estimate of Q = 1.19L.72K.18 for a given industry, this industry would have: 19. In a production process, an excessive amount of the variable input relative to the fixed input is being used to produce the desired output. This statement is true for: 20. An example of a time series data set is one for which the: 21. Smoothing techniques are a form of ____ techniques which assume that there is an underlying pattern to be found in the historical values of a variable that is being forecast 22. For studying demand relationships for a proposed new product that no one has ever used before, what would be the best method to use? 23. Time-series forecasting models: 24. The variation in an economic time-series which is caused by major expansions or contractions usually of greater than a year in duration is known as: 25. Consumer expenditure plans is an example of a forecasting method. Which of the general categories best described this example? 26. Given a Cobb-Douglas production function estimate of Q = 1.19L.72K.18 for a given industry, this industry would have: 27. In a production process, an excessive amount of the variable input relative to the fixed input is being used to produce the desired output. This statement is true for: 28. The primary purpose of the Cobb-Douglas power function is to: 29. Which of the following statements concerning the long-run average cost curve of economic theory is true? 30. The cost function is: 31. What method of inventory valuation should be used for economic decision-making problems? 32. According to the theory of cost, specialization in the use of variable resources in the short-run results initially in: