Unemployment in US As the redundancy rate in American reduces drastically, economists are in consensus that the United States is close to attaining full employment. Harvey defines the concept as the level of employment beyond which any further increase in demand in the economy will not create more jobs (8). During a period of full work, all skilled and able workers have jobs, and their wages and working hours correspond to their productivity. Crucially, the only people who cannot find jobs when the economy in full employment are ones who do have the skills or ability to work and the frictionally unemployed. One method of determining whether the economy has achieved full employment is by comparing the actual and natural rates of unemployment. In the last quarter of 2018, the average actual unemployment rate was 3.775 (United States Department of Labor). Conversely, the natural rate of unemployment in the same period was 4.47481(Federal Reserve Bank of St. Louis). In this regard, the actual rate of unemployment is less than the natural rate, indicating that the American economy is above full…
bank financial crisis Question 1The banking industry is a system of financial organizations authorized by the state to offer bank services. These services provided by the bank industry include transferring, storing, extending credit and managing risks that are related to holding different kinds of wealth. Functions of the bank include; transferring funds from the people who save to those that want to use these funds. The bank sets the terms of the prescribed arrangements as the funds are under transfer procedure in a way that supports and endorses financial activities. The bank observes borrower performance; by increasing across investment plans and reduces some risks and enhances the provision of funds to those activities with the best economic capability. The bank manages liquidity in the financial scheme hence steadying prices and production. The bank is also interested in the housing market because of the house price, and the number of sales indicates the amount of money people spend. The housing market helps in assessing the overall demand for goods and services. Question 2 A bank financial crisis involves bank run when…
How old IT infrastructure is costing your business money Your business practices are critical for day-to-day operations. However, as the technology keeps advancing and more companies are embracing digitalization, giving your business an evolution should also be your consideration. You need to ensure you do comprehensive budgeting and facilitate all your operation sectors for all-round business growth. On that note, many businesses opt to forgo the need for upgrading their IT infrastructure, thinking that it will help save money for other business wings. However, that is not always the case. Hanging on to old IT infrastructure far too long is quite expensive, and it will cost you much more in terms of low productivity, lack of customer confidence, security risks, and increased maintenance costs. Although operating a system that you are familiar with might sound and look easy, running devices that are past their expiration dates are also time consuming. Customer will opt to work with competitors Customers want to be sure that their data is safe and will not be exposed to any risks whatsoever. With old infrastructure, you…
Impacts of Climate change Climate change is ascribed to dynamic changes in human acts concerning the physical environment observed over a more extended period. Climate change is both a global and local problem that calls for professional knowledge and a manageable response to address the issue. Climate change leads to rapid changes in weather patterns that will affect agricultural productions, storms, desertification, rising sea levels, and adverse human health conditions. The primary cause of climate change is global warming propagated by the greenhouse effect, which is a situation in which a portion of the solar’s heat is retained in the atmosphere. This phenomenon causes the earth’s temperature to rise to abnormally higher levels. Rising in the sea level is observed due to thermal expansion and geological factors arising from the increase in the earth’s surface due to the removal of underground ice through melting. Floods in the coastal regions become a threat due to this effect. It can also cause the coastal islands to disappear, thus posing a risk to the entire state population. Alternatively, rising water levels and melting…
Pros and Cons of Electronic or Mechanical Safe Locks If you want to get the pros and cons of electronic safe lock over a mechanical safe lock, then you should ask any locksmith or someone who regularly uses safes. You will get various opinions and answers. Some people have practical and valid reasons why they prefer one safe lock over the other. At times, it’s because of familiarity with one safe lock and practicality is not put into so much thought. In this blog, I will consider in on the argument, if at all there is one. Factors to consider Before you decide if you want either electronic or mechanical safe lock, there are some factors you need to consider. What is the main purpose of the safe? Cash control Storing documents such as insurance, deeds, wills, etc. Securing weapons Storage of ammunition jewellery coins controlled substances such as Rx How regularly is the safe accessed in a day or overtime? Each hour Two times a day Once every week A few times in months How quickly must you access…
Keynesian economics The dynamics of the U.S employments indices reveal strong indicators in the macroeconomic factors. Unemployment in the U.S is a critical macroeconomic issue. The Federal Reserve established a target of six point five per cent as the unemployment rate that should trigger high-interest rates. However, the unemployment rate of almost five per cent the strength of the U.S economy. The Federal Reserve metrics on unemployment, inflation and economic performance establishes the mechanism that measures the unemployment rate by dividing the number of unemployed persons by the number of people in the labour force. The principles of Keynesian economics recommends the need for a natural rate of unemployment in any economy because of the availability of skilled labour as compared to the available opportunities under the existing economic solution. The basis of Keynesian economics focus on the natural dimension whereby economies across the world experience higher rates of unemployment during the recession. Literature Review According to Debt.org (n.d), the U.S Bureau of Statistics shows that the monthly unemployment rate is among the key indicators of the U.S economy. The…
Local Government Type A local government exists to maintain law, peace, and order in a locality. For this reason, I chose to come up with a county government for the Island. The reason for deciding a county government is because it is the oldest, existing before the First World War. This local government type was established, did not split state immunity, had no charter or legislative power, conducted business, and needed no voter consent. With the increasing world populations, especially after the Second World War, more county established governments proved useful to manage more locally consumer protection and child welfare. Through this, without employing dictatorship, I will shape the county’s direction via a planning strategy and adherence to a strict policy for the long term benefits. Local Government Form Since it is a non-dictatorship county, alongside a qualified team, I will ensure that long term goals regarding law enforcement, emergency aid, education plans, financial institutions, and plans for community development are in place. Planning is the core of starting something new in accompaniment with performance measurements; therefore, my…
WESTWARD EXPANSION The United States has extensive history emanating from 1865 to 2000 that led its establishment to become the most powerful states in today’s world. Westward expansion period four is one of the past events attributed to extensive development of US history more so its great power, and it covered from 1800 to 1844.[1] During this period, America grew and diversified its operation, therefore, finding it necessary to expand its territories. In this regard, the US utilized philosophical approaches such as Manifest Destiny, which had a significant impact on achieving its goals. Besides, the US adopted diversified means such as war and making purchases to achieve its objectives. The US also dealt with the Native Americans and further encroached them into their vast lands. In the process, the westward movement was affected by several human factors. These include transportation problems since railways were extensively used, and also industries had adverse effects on westward expansion. The paper extensively analyses the westward expansion scenarios addressing how they were executed, challenges facing it, and its impact on US history. President Thomas Jefferson…
What were the keys to success for non-European societies between 1400 and 1800?” Introduction In this era, the most critical aspect of majorly was the great extension, network connection, and communication that linked societies and individuals tightly between 1400 and 1800. A development is known as “the great global convergence” happened in which every part of the world became intricately connected. Additionally, the world’s population began to increase dramatically, breaking the growth ceilings that had previously governed human affairs. The purpose of this paper is to describe and compare the keys success for Africa and Asia during the four centuries between 1400 and 1800. For African societies, especially people in West Africa, wives and children were a significant resource in the community. Women were the sources of labor since they could cultivate the land, offer social support, prestige, and give security in old age (McKay et al. 2014, p. 570). This resulted in intense competition for women as well as inequality in gaining them. Either, polygamy was a universal practice. Women were supposed to give birth to many children, and…
Business-Word Economy VERTICAL DISINTEGRATION Vertical disintegration is to a particular organizational form of industrial production. Unlike vertical integration, in which production occurs with a singular organization, vertical disintegration means that different or several diseconomies of scale or scope have been broken down a production process into separate companies where each will be performing a limited set of activities for a finished product, (Chen and Yongmin 2005). Filmed entertainment was once highly vertical integrated into a studio system only a few large studios handled everything in production to a theatrical presentation. When the second world war ended, the industry was broken into small fragments, each specializing in a particular task within the division of labour required to produce and show a finished piece of filmed entertainment. Hollywood became highly vertically integrated, with specialized firms who only performed specific tasks such as editing, special effects, trailers etc. Bell system divestiture had a similar impact on a more massive industry later in the 20th century, (Doellgast, Virginia, and Greer 2007). One of the main reason for vertical disintegration is risk-sharing (Holmes and Thomas,…