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Tuesday, August 25, 2020
Cystic Fibrosis Community Assessment Essay Example | Topics and Well Written Essays - 1250 words
Cystic Fibrosis Community Assessment - Essay Example a) Sex and Age: This is a heterogeneous network including the two guys and females in practically equivalent proportions. Dominant part of the individuals are grown-ups and are hitched. b) Income levels: Most people in this network are in the white collar class and lower class. Many live inside $10 a day.c) Occupations: With a couple of special cases of salaried employments, over 60% of the average workers classes do the industrial employments. Nonetheless, most ladies are just house-wives.d) Educational levels: Most grown-ups of the age over 50 years have rudimentary training, particularly the ladies. The adolescents are very learned and most are in colleges.e) Ethnic characters: Ethnically, this network is genuinely heterogeneous. Half of the populace is made out of the Whites. The following ale ethnic is Hispanic Americans. The Asian-Americans are the least. f) Family structures: Most families are atomic; a couple are broadened. In any case, single parent homes comprising of widow s and unmarried moms are very commong) Lifestyle practices that impact wellbeing status: Poor dietary patterns by most people experiencing Cystic Fibrosis have consistently declined their conditions by lighting Diabetes. The adolescents who take part in medication and substance misuse and unprotected sex additionally hazard genuine wellbeing problems.h) Health status: The commonness of Cystic Fibrosis has rendered the vast majority sicki) Health concerns: It is in every case difficult for the lay network to recognize the indications of CF, consequently, languish over an a significant long time before conclusion.
Saturday, August 22, 2020
Comparison Of Movies And Books Essay Example For Students
Correlation Of Movies And Books Essay Numerous individuals contrast an English scholarly work with various motion pictures of their time. A case of this is Pygmalion by Bernard Shaw. A tale about a lady changed into a dynamite wonder drove into eminence, however never loses her personality, is fundamentally the same as a film coordinated by Don Bluth called Anastasia. Bernard Shaws play Pygmalion and Don Bluths film Anastasia, show that one can change a people appearance, however the individual profound inside has never left the surface. The two have a huge exhibit of likenesses and contrasts. Is likewise entrancing that the foundation of both the English essayist and executive are fundamentally the same as by they way they started. I will look at both film work and abstract work of two remarkable individuals. Bernard Shaw was conceived in Dublin on July 26, 1856. He was basically modest, yet made the persona of G.B.S. The player, controversialist, humorist, pundit, savant, mind, scholarly clown and writer (http://www.sites.netscape.net/bernardshawinfo) . Shaw experienced childhood in a family with an inebriated dad, whom worked in a corn factory, a mother whom ventured out from home when he was fourteen. Bernard never went to class past the age of fourteen. After his mom left his dad had deteriorated (http://www.spartacus.schoonet.co.uk/jshaw.htm) . So he left on an excursion to London in 1876, where he would turn into a functioning Socialist and a splendid stage speaker. His heart was recorded as a hard copy and after seven years he composed five ineffective books. He was fruitful with his reporting; he contributed Pall Mall Gazette (http://www.sites.netscape.net/bernardshawinfo). One of the numerous individuals that affected him in his paper vocation was William Stead. Shaw went to a ta lk on nationalization that was given by Henry George, which profoundly affected his thoughts of communism. In the time of 1884 he joined the Fabian Society and in 1885 the Socialist League. Bernard gave a talk on communism on November thirteenth which would bring about the Bloody Sunday Riot. Shaw was viewed as probably the best author of his time. He composed numerous plays, for example, Arms and the Man (1984), Satirizing sentimental perspectives toward adoration and war. In 1897 The Devils Disciple, a play on the American Revolution, was created with incredible achievement in New York City (http://www.sites.netscape.net/bernardshawinfo). He likewise composed a play known as Pygmalion, which caricaturizes the English class framework through the tale of a cockney young ladies change into a woman because of a discourse teacher. The film My Fair Lady was delivered to intensify what Pygmalion was about. Of Shaws later plays, Saint Joan (1923) is the most vital; it contends that Joan o f Arc, must be executed in light of the fact that the world was not yet prepared for her. Among Shaws different plays are John Bulls Other Island (1940), The Doctors Dilemma, Fannys First Play, Back to Methuselah, The Apple Cart, Too True to Be Good, and The Intelligent Womans Guide to Socialism and Capitalism (http://www.spartacus.schoonet.co.uk/jshaw.htm). Bernard directed a solid assault on the London Theater and was firmly connected with the scholarly recovery of British theater. His numerous plays fall into a few classifications: Plays lovely, Unpleasant Comedies, interminable plays metabiological Pentateuch. Wear Bluth was naturally introduced to a group of seven youngsters in El Paso, Texas. In the wake of watching Snow white and the Seven Dwarfs he discovered his calling. From the age of six he could generally be discovered drawing (http://www.movies.yahoo.com/shop?d=hc;id=180001539;cf=bios) . His family moved to Santa Monica, California, and upon graduation from secondary school he took his drawings to Walt Disney studios in Burbank. He acknowledged a situation as an in betweener. He worked with Disney from 1955 through 1956 on the exemplary film ?Sleeping Beauty?. He proceeded with his instruction at Brigham Young University, considering English writing. In 1977, he came back to Disney Animation Department as an Animator. He was elevated inside two years to Directing Animator and to Producer/Director the next year. From 1971 to 1979 he chipped away at ? Robin Hood?, ? Winnie the Pooh and Tigger as well?, ?The Rescuers? also, the ?Small One? (http://www.movies.yahoo.com/shop?d=hc;id=1 80001539;cf=bios) . He has made numerous lofty enlivened movies and laser circle computer games. He was typically known for his vivified motion pictures that demonstrated fun, chuckling, fellowship, and cooperation. He is referred to a ton of artists as a motivation to their composing style and their bliss for the activity. Wear was excessively joined and devoted to his work, and adored all of his everyday life (http://www.movies.yahoo.com/shop?d=hc;id=180001539;cf=bios). .u90dd02acde76ea94210486937dd45d16 , .u90dd02acde76ea94210486937dd45d16 .postImageUrl , .u90dd02acde76ea94210486937dd45d16 .focused content region { min-stature: 80px; position: relative; } .u90dd02acde76ea94210486937dd45d16 , .u90dd02acde76ea94210486937dd45d16:hover , .u90dd02acde76ea94210486937dd45d16:visited , .u90dd02acde76ea94210486937dd45d16:active { border:0!important; } .u90dd02acde76ea94210486937dd45d16 .clearfix:after { content: ; show: table; clear: both; } .u90dd02acde76ea94210486937dd45d16 { show: square; progress: foundation shading 250ms; webkit-change: foundation shading 250ms; width: 100%; obscurity: 1; progress: haziness 250ms; webkit-progress: darkness 250ms; foundation shading: #95A5A6; } .u90dd02acde76ea94210486937dd45d16:active , .u90dd02acde76ea94210486937dd45d16:hover { murkiness: 1; progress: mistiness 250ms; webkit-progress: haziness 250ms; foundation shading: #2C3E50; } .u90dd02acde76ea94210486937dd45d16 .focused content territory { width: 100%; position: r elative; } .u90dd02acde76ea94210486937dd45d16 .ctaText { outskirt base: 0 strong #fff; shading: #2980B9; text dimension: 16px; textual style weight: intense; edge: 0; cushioning: 0; content improvement: underline; } .u90dd02acde76ea94210486937dd45d16 .postTitle { shading: #FFFFFF; text dimension: 16px; text style weight: 600; edge: 0; cushioning: 0; width: 100%; } .u90dd02acde76ea94210486937dd45d16 .ctaButton { foundation shading: #7F8C8D!important; shading: #2980B9; fringe: none; fringe sweep: 3px; box-shadow: none; text dimension: 14px; textual style weight: striking; line-tallness: 26px; moz-fringe span: 3px; content adjust: focus; content enrichment: none; content shadow: none; width: 80px; min-tallness: 80px; foundation: url(https://artscolumbia.org/wp-content/modules/intelly-related-posts/resources/pictures/basic arrow.png)no-rehash; position: total; right: 0; top: 0; } .u90dd02acde76ea94210486937dd45d16:hover .ctaButton { foundation shading: #34495E!important; } .u90dd02acde7 6ea94210486937dd45d16 .focused content { show: table; tallness: 80px; cushioning left: 18px; top: 0; } .u90dd02acde76ea94210486937dd45d16-content { show: table-cell; edge: 0; cushioning: 0; cushioning right: 108px; position: relative; vertical-adjust: center; width: 100%; } .u90dd02acde76ea94210486937dd45d16:after { content: ; show: square; clear: both; } READ: Oedipus Review EssayPygmalion, a play composed by Bernard Shaw recounts to the account of clothes to newfound wealth. It starts with a youthful blossom young lady that is poor and she offers blossoms to get by. A man that thinks she is appalling methodologies her. He wagers a general that he would have the option to change this despiteful youthful bloom young lady into a delightful duchess. She goes to him to figure out how to talk consciously and behavior. He chooses not exclusively will he help her however he will likewise change her into a duchess to trick the high society. She goes to balls and gatherings to prevail upon the rich that are available. Eliza doesnt feel directly about what she has done, however it is to late. She has gone gaga for the language teacher and is overpowered with the way of life that was given and made for her. She feels that the inclination that once made her entire is no longer there, she feels that she is no longer Eliza Doolittle however somebody he has made. He doesnt need her to go in light of the fact that he adores her, however she doesnt feel that he truly cherishes her. Not at all like most stories this one didn't end joyfully ever after. The film Anastasia starts in a château in London, where troopers are assaulting it. Anastasia is a little youngster that is the duchess of London, she is demonstrated away out of the château alongside her distant auntie. As they go through the paths they are isolated. A young man set her on a train to Russia. While on the ride she hit her head and got amnesia. After six years while selling blossoms she was drawn nearer by a you ngster, that requested that her imagine she was the duchess of London. On the off chance that they could pull it off they could get a huge total of cash and she could carry on with the high life. The sovereign, whom was her auntie, was giving a ball looking for her lost niece. So they joined in, and were sent away on the grounds that the sovereign was worn out on being offended by the entirety of the individuals attempting to trick her. Later on that night, they crawled into her room and requested she see them. Subsequent to conversing with Anastasia for some time she understood she was the niece that she had lost such a long time ago. What's more, they lived cheerfully ever after. Bernard Shaw and Don Bluth are fundamentally the same as each other. These two men share a significant number of things practically speaking, at a youthful age both had discovered their calling. They had concluded they would take occupations under enormous organizations to propel their vocations. Bluth an d Shaw both needed to upset their fields of decision. They needed to rethink play writting and activity. Like Bluth, Shaw had composed and created a portion of the top plays and films. Pygmalion and Anastasia have a ton of similitudes. The narratives are both dependent on two ladies that are abandoned clothes to newfound wealth. Toward the start of the two stories, you are informed that they sold blossoms professionally. Both fantasized becoming wildly successful by having their own bloom shops. The men that changed them into duchess, at long last would before long become the affection for their lives. They felt remorseful for imagining they were something that they were definitely not. They felt that they had lost thei
Monday, July 27, 2020
Writers Bloc
Writerâs Bloc January 18, 10pm MIT Intramural C League Hockey MIT Canadian Club 5 MIT Alumni Club of Boston 0 (hey, theyre Canadian, what could we do?) Today, the MyMIT Portal team had our weekly meeting, and one of the topics dealt with writing. It got me thinking about some of my old college friends who are writers, and two quick web searches turned up great news for both of them. My Baker House dormmate Dylan Birtolos first novel is now available on Amazon all of you fantasy fans (and I know youre out there) can buy it here. Dylan is currently hard at work on his second novel. Another friend of mine from my undergrad days, Geeta Dayal, is also a writer, but for periodicals. She most frequently writes for The Village Voice, and last week, her piece was the cover story. Wow! I also have a friend who wrote a one-act play that was performed Off Broadway, another who writes for Forbes.com, and some other acquaintances from MIT who are also writers of various sorts. Before I came to MIT, one of my concerns was that if I graduated from here, Id be shutting off a whole line of non-technical careers. The fact is, though, that MIT people go off and do lots of interesting things. Its pretty cool.
Friday, May 22, 2020
The Father of Economics - Adam Smith - 3144 Words
The Father of the Economics During the 18th century, when Adam Smith lived, the most important social, moral, and technological presumptions had matured. These assumptions have helped to shape the market system as the publicly accepted and entrenched economic lifestyle, and the basis for cultural and even ethical relationships. The presumptions were market intensification and the spread of money operations, as well as the need for accounting and technical production, not the seizure of new lands or colonial conquest, as it used to be, but the accumulation of wealth became the source of vitality for many nations. At the same times, the type for economic man, the one who is absorbed with resource realization, was formed. The historyâ⬠¦show more contentâ⬠¦The political economy was taught before Adam Smith, but only after the Wealth of Nations appearance this economy had become a global science and academic discipline. Following the development of the industry, popular science writings described a full-time economic theories and policies. The first economic research results assembled in a scientific framework. Smith criticized mercantilism theory and practice of feudal institutions and outdated, hindering the development of capitalism meant the industrial interests of the bourgeoisie, the economic basis the private interest (Smith). Further he developed the theory of work performance. Smith argued that the work is of value to the substance and its true measure, however, identifies the labor force to work, did not value and exchange value. The structure of bourgeois society gave three classed of hired laborers, capitalists and landlords. Smith strongly argued that profits, interest and rents rise in workers work products developed (Smith). Profit and interest in a compensation for the entrepreneurs of the risk and capital costs, and annuities ââ¬â the natural result (Smith). Smith came close to working and fixed capital correct wording, had revealed the accumulation of capital in the sphere of production factors, but did not explain the capitalist accumulation of substance and nature. The annual value of the product divided the wages and salaries, profits andShow MoreRelatedAdam Smith : The Father Of Economics1599 Words à |à 7 Pages The first individual to discuss is Adam Smith. One of the most notable tags associated with Smith is he is known as the ââ¬Å"father of economics.â⬠Adam Smith was a philosopher and thus this caused him to question all things about the world as well as other aspects of nature (Overview of Economics). As Smith studied, he examined closely the business side of the world and made some interesting predictions. He believed that people in societies, who behaved and acted in their own interest would produceRead MoreAdam Smith : The Father Of Modern Economics And Capitalism2619 Words à |à 11 PagesApril 2014 Adam Smith was an influential 18th century philosopher who many consider to be the ââ¬Å"father of modern economics and capitalism.â⬠Born in 1723 in Scotland, he was one of the greatest classical liberal thinkers of all time. He is best known for his works The Wealth of Nations and The Theory of Moral Sentiments. His ideas were developed during the mid-1700s, during the Industrial Revolution. The Industrial Revolution was one of the largest social, political, and economic shifts in humanRead MoreEssay about Adam Smith Father of Economics5633 Words à |à 23 PagesHistory of Economic Thought | | | | Brian Witt | | | Brian Witt Dr. Kang MBE 330.01 Final Paper Adam Smith: ââ¬Å"The Father of Economicsâ⬠Adam Smith was a Scottish moral philosopher and a pioneer of political economics. One of the key figures of the Scottish Enlightenment and modern economics, Smith is an author of The Theory of Moral Sentiments and An Inquiry into the Nature and Causes of the Wealth of Nation, now known to be called The Wealth of Nations. Smith is commonlyRead MoreThe Invisible Hand By Adam Smith923 Words à |à 4 Pagesperson. Obvious that is Adam Smith. Even though, after ten years or thousand years the economists will recall Adam Smith. Moreover, if you visit United Kingdom you can recognize Adam Smith face in the 50 and 20 pounds. ââ¬ËMan is an animal that makes bargainsâ⬠- Adam Smith (Brainy Quote, (n.d)). That is underling the peopleââ¬â¢s instinct when they make a deal. ââ¬Å"A person, who received his education through hard work, is like an expensive Carââ¬â¢- Adam Smith (Brainy Quote, (n.d)). Adam Smith encouraged people toRead MoreClassical and Neoclassical Economists: Ada m Smith and John Maynard Keynes1289 Words à |à 6 PagesIn order to understand how economics really work in todayââ¬â¢s age we must think about how those economic ideas, revolutionary theories of many economists, that helped to shape the economic structure as we know it now, through many individuals and school of economic though that has existed through the ages. These schools are ââ¬Å"the mercantilists, the physiocrats, the classical economists, Marxian economics, the neoclassical economists and the monetarist economics. For this essay I will only refer toRead Moreââ¬Å"It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our1000 Words à |à 4 Pagesof Nations, which Adam Smith wrote, addresses well about why and what reason people work for. The butcher, the brewer, or the baker does not cut, stir, or bake because they want to please the customer or to feed the poor, but to earn money and for their own happiness. Adam Smith, who fully u nderstood the concepts of capitalism and free market system, became one of the most well respected economists throughout the world. Smith became famous because of his philosophy of economics. Because of his thoughtsRead MoreAdam Smith706 Words à |à 3 PagesAdam Smith was a Scottish political economist and moral philosopher, who studied moral philosophy at Oxford University and University of Glasgow. Smith is considered by many to be the founding father of economics and the first free-market capitalist. In fact, in many ways his philosophies and theories have helped shape our country and our economy into what it is today. Smith introduced us to the invisible hand theory which referred to the free markets. The invisible hand theory stated that ultimatelyRead MoreAdam Smith was born in Kirkcaldy, Fife, Scotland on an unknown date. While the exact birth date of600 Words à |à 3 PagesAdam Smith was born in Kirkcaldy, Fife, Scotland on an unknown date. While the exact birth dat e of Smith is unknown, records show that he was baptized on June 5, 1723. He was the son of the comptroller of customs in his small village; however, his father sadly died approximately six months prior to Adam being born. He was then raised by a widowed mother. Around the age of 15, Adam Smith attended Glasgow University where he studied moral philosophy. About two years later, in 1940, Smith enrolled inRead MoreEconomics Essay1090 Words à |à 5 PagesEconomics is an ever-changing field of study. Within that area of interest, there are many people who have influenced the world with their individual economic point of view. Some of those people have made a fundamental impact upon not only the United States of America, but also upon the world. Adam Smith, David Ricardo, John Maynard Keynes, Friedrich Von Hayek, Milton Friedman, and Fengbo Zhang are six men who have accomplished just that. Their opinions, actions, and words have forever changed theRead MoreThe Biography Of Adam Smith 1505 Words à |à 7 PagesThe Biography of Adam Smith Adam Smith was born in Kirkcaldy, Scotland in the year 1923, and died in the year 1790 at the age of 67 (Stewart, 1861). His exact date of birth is unknown but was baptized on 5th June 1723. His father was a prosecutor, advocate, and solicitor but passed on two months after his birth, leaving his mother to bring him up. His mother, Margaret Douglas, played a great role in his upbringing, especially in education. He joined the Burgh school where he learned history, writing
Friday, May 8, 2020
What is Love Tim OBriens The Things They Carried Essay
Have you ever felt the feeling of butterflies in your stomach or heard the phrase ââ¬Å"my heart skipped a beat for youâ⬠? As children, we grew up learning from our elders and experiencing new beginnings in life. Much of our knowledge has been brought upon by what we see and hear, rather of what we know. Many important decisions we make in our life has to do with what our feelings show us. Love is an important matter in our life because it motivates us in different ways. Love can be shown through emotions or even through actions. What is a valuable definition of love? A brief definition of love can be said to be a variety of different feelings or attitudes that ranges from interpersonal affection to pleasure. In other words, to me love is whenâ⬠¦show more contentâ⬠¦Jimmy Cross shows his emotions towards Martha right at the beginning of the novel by sharing to us the following: First Lieutenant Jimmy Cross carried letters from a girl named Martha, a Junior at Mount Sebastian College in New Jersey. They were not love letters, but Lieutenant Cross was hoping, so he kept them folded in plastic at the bottom of his rucksack. In the late afternoon, after a days march, he would dig his foxhole, wash his hands under a canteen, unwrap the letters, hold them with the tips of his fingers, and spend the last hour of light pretending. He would imagine romantic camping trips into the White Mountains in New Hampshire. He would sometimes taste the envelope flaps, knowing her tongue had been there. More than anything, he wanted Martha to love him as he loved her, but the letters were mostly chatty, elusive on the matter of love (Oââ¬â¢Brein, 1) Unfortunately, this is the way that Jimmy sees love. It can be also described as an addiction or psychological problem that Mr. Cross has. Love should never be confused with lust. In this case, Marthaââ¬â¢s friendship was confused by Jimmy. There are people that can confuse friendship as love and fall in love with an object or idea rather than the emotions. Sometimes people can confuse love of a person or an idea to something way different than what is being proclaimed, in such cases it can be only considered friendship. There are different methods of loving a person and object that atShow MoreRelatedEssay On The Things They Carried1624 Words à |à 7 PagesFor the seventeen Soldiers portrayed in ââ¬Å"The Things We Carriedâ⬠by Tim Oââ¬â¢Brien, the physical pain was very minimal weight to carry compared to the emotional scars that they will carry throughout their entire life. This story does an amazing job portraying full human emotion that anyone put into a situation would feel, such as heavy guilt, sadness, anger, lack of motivation, perseverance, horror, and false security. All of these are notorious feelings that every soldier back in history, and now stillRead MoreThe Things they Carried by Tim Oà ´Brien1948 Words à |à 8 PagesWhen people think of war what comes to mind is death, torture, and destruction. War instil ls fear since everyone dreads involvement in the ordeal (Mazlish 10). The experience of war leaves people with physical and psychological scars. Tim Obrien in ââ¬Å"The Things they Carriedâ⬠brings to light the tribulations faced by the soldiers in their quest to restore peace. He asserts, ââ¬Ëwar is hell (Brien 8).ââ¬â¢This is an exhilarating story that brings to light the fact that, despite their participation in the warRead MoreLeadership And Qualities Of A Leader1378 Words à |à 6 Pagespeople above and beyond and stand firm through any storm. For instance we have individuals such as Abraham Lincoln and Thomas Jefferson who found it in themselves to lead our country. These two individuals made a difference in the world and no matter what gave the world hope that they would take us in the right direction. They set a standard that every President to follow would have some big shoes to fill. In the service I was taught to always have great respect for the Commander in Chief who is knownRead MoreTruth and Fiction in OBriens The Things They Carried1967 Words à |à 8 Pages Truth and Fiction in Obriens The Things They Carried The Viet Nam War has been the most reviled conflict in United States history for many reasons, but it has produced some great literature. For some reason the emotion and depredation of war kindle in some people the ability to express themselves in a way that they may not have been able to do otherwise. Movies of the time period are great, but they are not able to elicit, seeing the extremely limited time crunch, the same images and charge
Wednesday, May 6, 2020
The Silver Linings Playbook Chapter 42 Free Essays
string(152) " but eventually many of the guys admit they too have New Yearââ¬â¢s Eve plans with their wives, and I take the Asian Invasion bus home to New Jersey\." I Need a Huge Favor On New Yearââ¬â¢s Eve day, after agreeing to buy unlimited beer for our neighbors, Jake manages to trade seats with the season-ticket holder in front of me ââ¬â and once Jake is seated, he props my cast up onto his shoulder so I am able to sit down during the Falcons game. A few minutes into the first quarter, head coach Andy Reid pulls the starters, and the game announcer reports that Dallas has somehow lost to Detroit, which means that the Birds have clinched the NFC East for the fifth time in the last six years and the current game is meaningless. Everyone in the Linc cheers, high fives abound, and it is hard to stay in a seated position. We will write a custom essay sample on The Silver Linings Playbook Chapter 42 or any similar topic only for you Order Now With the starting wide receivers out, I get my hopes up for Hank Baskett, and he actually does catch a few balls in the first half, each of which Scott, Jake, and I celebrate excessively because I am wearing my Baskett jersey over my winter coat, and we all like to root for the undrafted rookie. Itââ¬â¢s 17 ââ¬â 10 Eagles at halftime, and Scott actually leaves the game, saying that he promised his wife heââ¬â¢d come home for New Yearââ¬â¢s Eve if the Cowboys lost and the Eagles game became meaningless. I give him a hard time about leaving and am surprised that my brother does not join in with the ribbing. But shortly after Scott takes off, Jake says, ââ¬Å"Listen, Pat. Caitlin has me going to this black-tie New Yearââ¬â¢s Eve party at the Rittenhouse Hotel. She was mad at me for going to the game today, and I was sort of thinking about taking off early so I could surprise her. But I donââ¬â¢t want to leave you here with the cast and all. So how do you feel about leaving early?â⬠Iââ¬â¢m shocked, and a little mad. ââ¬Å"I want to see if Baskett gets his second touchdown,â⬠I say. ââ¬Å"But you can go. Iââ¬â¢ll be all right here with all the real Eagles fans ââ¬â the people who are staying to see the whole game.â⬠Itââ¬â¢s not a very nice thing for me to say, especially since Caitlin is probably already dressed and waiting for Jake to come home, but the truth is, I need my brotherââ¬â¢s help getting out of the Linc on crutches. I have a feeling that Baskett will get the ball a lot in the second half, and I know Jake really wants to see the game anyway; maybe heââ¬â¢ll be able to use his mentally ill brother as a good excuse for missing the first part of Caitlinââ¬â¢s New Yearââ¬â¢s Eve party; maybe this is what Jake really wants and needs. ââ¬Å"Beer man!â⬠I yell to the Coors Light guy who is passing our row. When he stops, I say, ââ¬Å"Only one beer because this guy here is leaving his crippled, mentally insane brother to go to the Rittenhouse Hotel so that he can swill champagne with non-Eagles fans in tuxedos.â⬠My brother looks like I punched him in the gut, and soon he is pulling out his wallet. ââ¬Å"All right. Fuck it. Make it two beers,â⬠Jake says, and I smile as my brother sits down in Scottââ¬â¢s seat and helps me prop my cast up onto the back of the empty seat in front of me. Through the second half, Baskett continues to catch A. J. Feeleyââ¬â¢s throws, and early in the fourth quarter my favorite player runs an out, catches the ball, and runs down the sideline eighty-nine yards for the second touchdown of his young career. Jake helps me stand, and then everyone in our section is high-fiving me and slapping my back because over my coat I am wearing the Baskett jersey my brother gave me when I first got out of the bad place. I would later learn that Baskett is the first Eagles player to catch two touchdown passes longer than eighty yards in the same season ââ¬â which is an accomplishment, even if number 84 has only been a marginal player this year. ââ¬Å"And you wanted to leave,â⬠I say to Jake. ââ¬Å"Go Baskett!â⬠he says, and then gives me a one-armed sideways hug ââ¬â shoulder-to-shoulder. After the Eaglesââ¬â¢ backup players win the last regular season game, the Birds finish their season at 10-6, locking up at least one home play-off game in the process. I crutch my way out of the Linc with Jake as my fullback, parting the crowds, shouting, ââ¬Å"Cripple coming through! Cripple coming through! Move out the way!â⬠We donââ¬â¢t meet up with Cliffââ¬â¢s gang until we get back to the fat menââ¬â¢s tent and the Asian Invasion bus. But when we do, our friends greet us with a Baskett chant because number 84 had a career-high 177-yard day and an 89-yard TD. With play-offs to discuss, everyone is reluctant to leave, so we drink beers and discuss the 8-8 Giants, whom the Birds will play in the first round. When Cliff asks me if I think our team will beat the Giants, I tell my therapist, ââ¬Å"Not only will the Eagles win, but Hank Baskett will catch another touchdown.â⬠Cliff nods and smiles and says, ââ¬Å"You called it before the season even started: Hank Baskett is the man!â⬠Jake leaves first because he and Caitlin have that hotel New Yearââ¬â¢s Eve party to attend, so we all make fun of him and call him whipped ââ¬â but even though he is leaving us for his woman, I give him a hug and thank him again for staying, getting me a season ticket, and paying for the play-off tickets too, which are pretty expensive. And I know Jake has forgiven me for making him miss the second Dallas game, because he hugs me back and says, ââ¬Å"No problem, brother. I love you. Always. You know that.â⬠After Jake leaves, we drink beers for another half hour or so, but eventually many of the guys admit they too have New Yearââ¬â¢s Eve plans with their wives, and I take the Asian Invasion bus home to New Jersey. You read "The Silver Linings Playbook Chapter 42" in category "Essay examples" The Eagles have won the last five games and the NFC East, so thereââ¬â¢s no stopping Ashwini from blowing the Asian Invasion bus horn when he pulls up to my parentsââ¬â¢ house, and when he does, the chant blares loudly ââ¬â ââ¬Å"E!-A!-G!-L!-E!-S! EAGLES!â⬠ââ¬â which brings my mother to the door. Standing on the front step, Mom and I wave as the green bus pulls away. We eat a late New Yearââ¬â¢s Eve dinner together as a family, but even after another Eagles win and with Super Bowl hopes alive, my father doesnââ¬â¢t say much, and he heads for his study before Mom finishes her meal, probably so he can read historical fiction. Just before the ball drops on Dadââ¬â¢s huge flat-screen television, Mom asks me if I want to go outside and bang pots and pans like we used to do when I was a kid. I tell Mom I donââ¬â¢t really want to bang pots and pans, especially since I am tired from spending the day outside in the cold, so from the couch, we watch people celebrating in Times Square. Two thousand and six becomes 2007. ââ¬Å"Itââ¬â¢s going to be a good year for us,â⬠Mom says, and then forces a smile. I smile back at Mom, not because I think it is going to be a good year, but because my father went to bed an hour ago, Nikki never came back, thereââ¬â¢s not even the slightest inclination to suggest that 2007 is going to be a good year for either Mom or me, and yet Mom is still trying to find that silver lining she taught me about so long ago. She is still holding on to hope. ââ¬Å"Itââ¬â¢s going to be a good year,â⬠I say. When Mom falls asleep on the couch, I turn off the television and watch her breathe. She still looks pretty, and seeing her resting so peacefully makes me angry at my dad, even though I know he canââ¬â¢t change who he is, but I wish that he would at least try to appreciate Mom more and spend some quality time with her, especially since he doesnââ¬â¢t even have the Eagles to be grumpy about anymore, because the season is already a success regardless of what happens in the play-offs, especially after making it this far without McNabb. And yet I know my father is not likely to change, because I have known him for thirty-five years, and he has always been the same man. Mom tucks her knees and elbows in close to her body and begins to shiver, so I push myself up, grab my crutches, and crutch my way over to the closet. I pull a blanket from the bottom of the closet, crutch my way over to Mom, and cover her ââ¬â but she continues to shiver. Back at the closet, I see a heavier blanket on the top shelf, so I reach up and pull it down. It falls on top of my head just after I hear a little crash. I look down, and by my feet is a videocassette in a white plastic case that has two ringing bells on the cover. I crutch my way over to my mother and cover her with the heavier blanket. It is hard to pick up the cassette with my cast preventing me from squatting ââ¬â I actually have to sit down on the floor to pick it up. After sliding over to the TV, I slip the cassette into the VCR. I look over my shoulder, checking to make sure that Mom is sleeping soundly, and then turn down the volume before I hit PLAY. The video is not completely rewound, and the part that pops up on-screen is the beginning of the reception dinner. Our guests are seated in the banquet room of the Glenmont Country Club, which is near a golf course in a swanky little town just outside Baltimore. The camera is focused on the entrance doorway, but you can see the dance floor and the band too. Using the microphone, the lead singer says, ââ¬Å"Letââ¬â¢s introduce the wedding party Philly style,â⬠at which point the horn section of the band begins playing the opening notes of ââ¬Å"Gonna Fly Now!â⬠The guitarist and bassist and drummer soon begin playing, and even though it doesnââ¬â¢t sound exactly like Rockyââ¬â¢s theme song, itââ¬â¢s close enough to get the job done. ââ¬Å"Parents of the groom, Mr. and Mrs. Patrick Peoples!â⬠Our guests clap politely as my mom and dad cross the dance floor arm in arm, and the painful expression on my fatherââ¬â¢s face suggests that this was one of the worst experiences of his life ââ¬â being announced at my wedding. ââ¬Å"Parents of the bride, Mr. and Mrs. George Gates.â⬠Nikkiââ¬â¢s parents do a little skipping routine into the banquet hall, making them look sloshed, which they were, and I laugh thinking about how much fun my in-laws were when they drank. I really do miss Nikkiââ¬â¢s parents. ââ¬Å"Bridesmaid, Elizabeth Richards, and groomsman, Ronnie Brown.â⬠Liz and Ronnie come out waving to our guests, as if they are royalty or something, which was strange, and the tactic all but mutes their applause. Ronnie looks young in the video, and I think about how he was not yet a father, how Emily did not even exist when this video was shot. ââ¬Å"Maid of honor, Wendy Rumsford, and best man, Jake Peoples!â⬠Jake and Wendy walk across the dance floor and directly toward the camera until their faces are life-size on my fatherââ¬â¢s huge flat-screen television. Wendy just sort of screams like she is at an Eagles game or something, but Jake says, ââ¬Å"I love you, brother!â⬠and then kisses the camera lens, leaving a lip-shaped smudge mark. I see the videographerââ¬â¢s hand emerge and quickly wipe the lens with a piece of cloth. ââ¬Å"And now, for the first time ever, allow me to introduce Mr. and Mrs. Pat Peoples!â⬠Everyone stands and cheers as we walk into the banquet room. Nikki looks so pretty in her wedding dress. Sheââ¬â¢s holding her head in that cute, shy position, with her chin close to her chest, and seeing her now makes me cry because I miss her so much. When we move to the dance floor, the band shifts gears, and I hear those sexy synthesizer chords, faint high-hat taps, and then the soprano saxophonist steps forward and ââ¬Å"Songbirdâ⬠takes flight. Something in my mind begins to melt, and it feels as though I am experiencing an ice-cream headache ââ¬â or as if someone is churning my brain with an ice pick. Iââ¬â¢m not seeing the television screen anymore, Iââ¬â¢m seeing the road through a fogged windshield, and itââ¬â¢s raining something fierce. Itââ¬â¢s not even four in the afternoon, but itââ¬â¢s as dark as midnight. Iââ¬â¢m upset because we have a big game coming up and yet the gym roof is leaking again like a sieve, which has forced me to cancel basketball practice. All I want to do is take a shower and then watch game tapes. But when I enter my house, I hear a soprano sax moaning, and itââ¬â¢s strange to hear Kenny Gââ¬â¢s smooth jazz coming from my bathroom at a time like this. Mr. Gââ¬â¢s notes are swirling all about. I open the bathroom door; I feel the steam lick my skin, and I wonder why Nikki is listening to our wedding song in the shower. Kenny Gââ¬â¢s solo has reached a climax once more. The CD player is on the sink, and two piles of clothes rest on the floor, and a pair of menââ¬â¢s glasses are on the sink next to the CD player. Sexy synthesizer chords, faint high-hat taps. ââ¬Å"You fucking whore!â⬠I scream as I rip the shower curtain off the rod, exposing so much awful, soapy flesh. Iââ¬â¢m standing in the tub. My hands are around his throat. Iââ¬â¢m between them now, the shower is spraying the back of my coat with hot spokes, weighing down my sweatpants, and he is in the air, begging me with his eyes, pleading for a breath of air. His hands are trying to break my grip, but he is a tiny, weak man. Nikki is screaming; Kenny G is playing; Nikkiââ¬â¢s lover is turning purple. Heââ¬â¢s so small, I can hold him up against the tiles with one hand. I cock my elbow back, squeeze a tight, teeth-shattering fist, and take aim. His nose explodes like a packet of ketchup. His eyes are rolling into the back of his head; his hands have fallen away from mine. When I cock back my fist a second time, the music stops playing, and then Iââ¬â¢m on my back in the tub and Nikkiââ¬â¢s naked lover has fallen out of the tub and naked Nikki is holding the CD player in her trembling hands. When I try to stand, she smashes the CD player over my head once more; my knees giv e out, and I see the silver faucet rise like some fat, shiny snake to strike the hard spot just above my right eyebrow, and then ââ¬â ââ¬â I wake up in a hospital and immediately begin vomiting all over myself, until nurses arrive and tell me not to move my head. And Iââ¬â¢m crying and calling for Nikki, but she does not come to me. My head hurts so badly. When I touch my forehead, I feel some sort of bandage, but then my hands are being forced to my sides. The nurses are screaming and holding me down, and then doctors are restraining me too. I feel a prick in my arm, and â⬠¦ When I blink, I see my reflection in the blank television screen. The video has ended. I look life-size on my fatherââ¬â¢s flat screen, and I can see my mother asleep on the couch, just over my right shoulder. As I continue to stare at myself, my little white scar begins to itch, but I do not really want to smash my forehead with my fist. I find my feet and crutch my way into the kitchen. The address book is still in the cabinet above the stove. I place a call to Jakeââ¬â¢s apartment. As the phone rings, I look at the microwave and see that it is 2:54 a.m., but I remember that Jake is at a swanky hotel party and wonââ¬â¢t be home until tomorrow, so I decide to leave a message. Hello, youââ¬â¢ve reached Jake and Caitlinââ¬â¢s machine. Please leave a message after the beep. Beep. ââ¬Å"Jake, itââ¬â¢s your brother, Pat. I need a huge favor â⬠¦Ã¢â¬ How to cite The Silver Linings Playbook Chapter 42, Essay examples
Tuesday, April 28, 2020
Influence of Economy Concepts
Introduction (Summary) Economy plays a major role of coordinating the amount and type of goods and services to produce in line with the needs of buyers. Besides, it involves ensuring that there is an efficient money supply to allow the production and purchase of goods and services.Advertising We will write a custom essay sample on Influence of Economy Concepts specifically for you for only $16.05 $11/page Learn More Different societies organize their economies in different ways. For instance, the Soviet Union ensured that the government was the most instrumental institution in determining the nature, type and quantities of goods produced. In a liberal economy like the US, the government plays the peripheral role in dictating the nature, type and quantity of goods produced. Indeed, the Federal government concerns itself with the production of goods and services only in the public sector. In addition, there is a substantial difference between the microecon omic and macroeconomic processes. While the latter processes are systemic, the former are intentional and are driven by intent and consumer behavior. Macroeconomic processes concern with the ââ¬Ëeconomy of aggregatesââ¬â¢ that is dependent on the total output of an economy in addition to the rate of unemployment. While many people argue that the government interference in the economy is counterproductive, it is important for government to respond to situations of high unemployment, low output and high prices of goods and services it produces. Besides, governmentââ¬â¢s intervention is important in countries whose economies are not effective.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Macroeconomics is a sub discipline of economics that focuses on the determinants of employment (or lack of it), output, prices of goods and services and policies that enhance effective money supply . It dwells on gross domestic product (GDP), aggregate planned expenditures (APE) and aggregate supply for funding (ASF). The interplay of the above three parameters reveals the macroeconomic coordination process (MCP). The study of macroeconomics allows the policy makers to erect measures that allow effective running of the economy and provides insights to the future of an economy. It also allows the learners to have a glimpse on the way the economy operates within and without the microeconomic environment. Output Every country has specific factors of production that include land (resources), labor and capital. In order to create goods and services, a country combines the factors of production using the available technology. The process of combining the factors of production is referred to as the production process. This implies that a country can measure the amount of goods and services produced within a specific year using the factors of production. Apparently, the most feasible way to calculate the volume of goods and services produced is through the Gross Domestic Product (GDP). The reason is that GDP allows a country to calculate the amount of goods and services produced by relying on the market value. Initially, it was difficult to calculate the aggregate amount of goods and services produced owing to the fact that services and some goods are unquantifiable. In fact, GDP measures the current values (selling prices) of goods and services produced within a country annually. Due to the difficulty in quantifying services, it is important to calculate the value of services at the cost of production. This way, the services will have established market value.Advertising We will write a custom essay sample on Influence of Economy Concepts specifically for you for only $16.05 $11/page Learn More Moreover, Commerce Department emphasizes on the need to deduct the total payments paid to other governments and avoid multiple counting. Th is is through calculating the final products rather than counting goods sold as raw materials to other producers within the country. Owing to the fact that GDP measures the market value of goods and services produced within a country, it is critical to enhance its accuracy and consistency. The reason is that market values keep changing. As such, GDP changes overtime. This is despite lack of change in the total output and factors of production in an economy. To enhance the accuracy of GDP, Commerce Department uses Prices Level Indexes. The price level index measures the changes in prices overtime. To comprehend the manner in which the prices have changed over a specific period it is important to establish the base year, which will provide the starting point. For instance, Commerce Department uses 2005 as the base year and makes a list of all goods and services produced and their corresponding market values. The list of all goods and services produced makes up the market basket of a c ountry. It is apparent that the prices of goods and services increased by 3.231% according to the Commerce Department from 2005 to 2006. This implies that the cost of goods increased by 1.03231times in 2006. Consequently, the prices increased by 1.02902, 1.02217, 1.00873 and 1.011335 times in 2007, 2008, 2009 and 2010 respectively. These figures indicate the average changes in prices and are referred to as the price indexes. To get the actual changes in prices from 2005 to 2010, Commerce Department multiplies the indexes for the five years. In other words, the prices changed by 1.03231Ãâ"1.02902Ãâ"1.02217Ãâ"1.00873Ãâ"1.011335, which amounts to approximately 1.10992.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More This insinuates that the prices have increased by 10.992% since 2005 through 2010. It is important to point out that a new price index joins the level of prices yearly. GDP of a country therefore represents the amount of goods and services produced in a country. However, it is important to adjust the GDP value in line with the prevalent price indexes in order to get the actual value of the GDP. This is possible by dividing the GDP value by the subsequent price index of the same year. Besides, GDP changes with any change in the quantity of goods produced. However, GDPââ¬â¢s adjusted value rarely changes when there are changes in the interest rates. As such, GDP has to put into account the changes in prices for it to be accurate and conclusive. Income The concept of GDP allows us to understand the gross domestic income (GDY). While the two concepts are distinctive, their values are similar. In other words, it is possible to measure the amount of change that will occur to GDY when G DP increases. The rationale is that GDP and GDY are directly related in the sense that a change in one concept will lead an equal change in the other. As such, production process is the main source of income for governments, businesses and households. GDY is the total amount of all income claims by all workers and institutions within an economy due to their roles in the production process. In an attempt to understand the concept of GDY, it is imperative to analyze various prevalent notions about the idea. First, GDP is the aggregate amount of products that a country produces annually. These products are expected to fetch incomes in future. However, their prices change and it is important to make adjustments that capture those dynamics. Second, it is essential to distinguish the concept of income and money. The two are not synonymous contrary to many notions and usages. As such, the amount of money available in an economy is much less than the actual income. Third, producers and buye rs should access credit in anticipation of sales revenues and incomes respectively. However, producers ought to use credit in a responsibly to avoid a recurrence of recession that engulfed USA and the rest of the world in 2008. Households, businesses and governments are the major recipients of GDY. The amount of income that individuals receive from their participation in the production process is known as disposable income. It includes the wages, royalties and transfers. However, the actual figure of disposable income is derived at when personal taxes and contributions are deducted from the gross income. Household incomes are the largest representing 74% of the US GDY. Business savings are major sources of business incomes. They include allowances on depreciation, retained earnings and revaluations on inventories. The business incomes are approximately 12% of the entire gross domestic income. Finally, government revenues are used in making transfer payments to both business and hous ehold sectors. The net revenues for the government represent total government revenues minus transfer of payments and interest paid on government debt. Due to the importance of stimulating the economy through households and businesses, the government net income has continued to diminish overtime. Besides, the government has transferred payments to people and institutions abroad. This leads to the diminished net income for the government. As aforementioned, it is always true that GDP is equal to gross domestic income (GDY). Besides, it is also true that GDY is equal to disposable income of the household plus business income plus the government income plus the foreign transfers. Hence, there exists enough income to purchase the entire output implying that a change in price will not result to a consequent change in the GDY. In cases of an increase in prices of goods and constant incomes, people are unable to afford similar quantity of goods, as was the case with the previous prices. Co nsequently, rise in incomes without subsequent changes in prices will always imply that one group of the society is better of than another. As such, it is impossible to increase incomes for one group without affecting another in a negative/positive way. Although GDP is always equal to GDY, it does not imply that all income purchases of goods and services. Some of the income goes to savings for future expenditure and some may go to borrowing. In addition, the total output of a country may not be sold or may not be enough for the country. To that extent, there is the need to understand the demand for output given that it might surpass the output or it may be below it. Aggregate Planned Expenditure (APE) of a specific country refers to the amount of consumption (C) plus investment (I) plus government purchases (G) plus exports (X) minus imports (F). Subtracting the exports does not necessarily imply that APE will reduce. The rationale is that all parameters used to calculate APE takes into consideration the imports. Finally, it is important to note that government debt has been typical of numerous government transactions across the world. In the US, the debt continues to rise. Government debt refers to the ability of government to spend more than its revenues. In other words, the government spends more than its revenues by issuing treasury securities that allows it to adjust their maturity. In essence, the government cannot print amount of money that equal its budget in order to increase its spending. As a remedy, the government borrows money from the public by issuing bonds. Currently, the US has huge ability to borrow money to increase its spending which in turn stimulates the economy and GDP. Demand In the previous chapter, it is clear that changes in prices have no direct effects on the aggregate planned expenditure (APE). In other words, changes in prices receive equal changes in incomes. To that end, changes in prices of goods will be compensated fully by t he incomes. In other words, GDP will be equal to APE. However, it is important to evaluate the changes in unemployment levels, output, interest rates and their direct or indirect effect on APE and GDP. At the outset, consumption (C) reflects the amount of disposable income that goes to spending. Despite the income accruing the household amounting to 74%, it is evident that the current spending by household is 90%. This implies that any amount of income that is not consumed or spent in buying goods and services is saved. From the numbers, it is clear that US households spend more than their incomes. Where does the income to spend on goods and services come from? The US households may spend more than their incomes owing to accumulated savings and borrowings in terms of credit. Nonetheless, the households save more than they borrow explaining the discrepancy in incomes and consumption. It is imperative to notice that changes in income ought to influence the trends in consumption. Howev er, the personal wealth and savings may not reveal the changes. It is therefore critical to analyze the changes separately. Another critical factor is that American households will save more when the interest rates are low and save less when they are high. This is ironic, or is it? The rationale is that an individual who would like to save a fixed amount of money will have to contribute less when the interest rates are high than when they fall. In other words, the Americans have a culture of making a fixed-goal savings in terms of contributions towards social security and medical insurance among many other ways of saving. In the case of businesses, it is important to point out that a rise in interest rates will ultimately diminish the level of investment (I) and vice versa. Further, government purchases (G) remain unaffected by various factors including the interest rate. This is dissimilar to transfers made to foreigners. When the US makes more exports than imports, it runs a trade surplus. When the reverse is the case, the country makes a trade deficit. Further, it is critical to highlight that an increase in interest rates will ultimately cause the businesses to increase their imports. In other words, businesses will import more than they export. This implies that an increase in GDP will ultimately result to APE and the vice versa is true. It is therefore true to suppose that the impact of GDP on APE is quick and positive. This implies that the change in GDP will cause the APE to go along the same direction as GDP. In addition, the impact of changes in GDP is equally strong for APE. However, interest rates affect the APE in an inverse way in that a rise in the rate of interestS will cause a consequent fall in APE and a decrease in the interest rates will cause a rise in APE. However, the changes in APE because of changes in interest rates are marginal. It is important to note that this chapter assumes that changes in prices of goods and services produced wi ll not lead to changes in APE. Money and Banking It is important for government to regulate money supply in the economy. When the amount of money is in excess, inflation is the outcome. On the other hand, when the supply of money is too little, the economy may experience a recession, high rates of unemployment and deflation. In the US, it is responsibility of the Congress, Federal Reserve System (FRS) and the banks to regulate money supply. Privately owned financial institutions and enterprises that economists refer to as the banks are solely responsible in the creation of money. While the FRS has the power to create money, it only ploughs back the profits made when it mints money in terms of seigniorage. The amount of the money that the FRS puts back into the economy is negligible. In addition, it has an oversight authority to regulate the money supply according to economists. In US, banks refer to financial institutions that have checking accounts. In the entire world, money exist s in terms of coins and notes and checking balances. It is important to demystify that ââ¬Ëplastic moneyââ¬â¢ in terms of debit and credit cards serve the purposes of enhancing money transfers. They are not kinds of money. Money supply (M) therefore is an aggregate of coins and currency (CC) plus the checking accounts (CA). As such, any activity that leads to the reduction of money (CA or CC) impacts on the supply of money in a negative way. Since various authorities regulate money supply, it is therefore logical to suppose that it excludes all kinds of money that belong the regulators. For instance, it is absurd to refer to money owned by Federal Reserve System or The Treasury as money. Apparently, 48% of money supply is in coins and notes while the rest is held by banks in terms of checking balances. Hence, it is important for the regulators to control the amount of money that is available to banks for lending or credit purposes. When does the created cash become money? As a forementioned, Federal Banks creates money and store it into its vaults. The banks checking accounts reflect money that is in the banks for various purposes. To this end, the populace withdraws money from the bank accounts creating the need for the bank to ask for money from the Federal Reserve. When the banks receive these amounts of money, they become money in supply and constitute M. Thus, it is upon withdrawal of money that created cash becomes money. It is important to note that various countries and people use dollars across the world. As such, it is absurd to think that CA only refers to domestically available dollars. The rationale is that there exists a myriad of checking accounts outside the US. The banks are referred as such because of their ability to rent and sell check accounts and balances. Customer purchases of checking accounts are the major activity of banks. Besides, a bank must hold a specific proportion of the amount that a customer deposit into a bank account t o be profitable. In addition, a bank may opt to lend money to the customers due to the lucrative nature of the business. As such, it is important to mention that banks ought to engage in the processes of providing cash to customers through loans and other means. This way, the bank remains profitable like any other business. Financial Intermediation and Funding Forgery or counterfeiting currencies is an illegal practice. Members of public must therefore attempt to tap money from the legal money supply channels. The banks play an intermediation role that entails ensuring that people with more than sufficient amount of money balance off with people with insufficient amount of money. Those with insufficient money may be forced to cut down their purchases while those with excess amount of money may lend, increase their purchases or hold onto their money. The banks lure those with excess amount of money to deposit the excess in bank accounts with the promise of earning an interest. As suc h, the banks play the role of ensuring that there is sufficient amount of money to allow transactions within an economy. The deposited excess amount of money allows the banks the ability to issue loans to the people with insufficient amount of money. It is important to note that interest rates are essential in the entire intermediation process in the sense that they offer low interests to those who deposit their money and charge high interests on the loaners. This makes the demand for loans to be modest. The banks are not the only financial institutions that can absorb the excess amount of money from the citizens. The government can also borrow money from the public by issuing treasury bonds. Other institutions sell shares and stock with the same aim of ensuring that excess money in supply is absorbed. As such, there is competition for people to deposit their excess amounts of money to various channels. When there is high competition among the lenders, it is likely that the interest s charged on loans increase while the interests paid to the owners of excess cash also increase. Hence, the market forces play a crucial role in setting the interests paid to depositors and investors and the interests charged on the loaners. It is worth mentioning that the Federal Reserve play a crucial role of instituting measures to reduce or increase the bank reserves. When the Federal Reserve takes such measures, banks respond to them by adjusting the interests charged on loans. This makes loan attractive or less so according to the measures adopted by the Federal Reserve. The lowest rate of interest that a bank can lend is called the prime interest rate and is determined by various financial institutions. Another important aspect of intermediation is the velocity of money (V). This is the amount of times that a single dollar is used to buy goods and services within the countryââ¬â¢s output. Currently, the velocity of the dollar is six. In other words, when the banks increase their lending, the velocity of money decreases. However, it increases every time non-banking institutions offer loans to the population. Apparently, the amount of money used to purchase goods and services in an economy can never exceed the amount of money supply (M) multiplied by the velocity of money (V). Thus, it is possible to define the Aggregate Supply of Funding (ASF), which is upper limit that people can purchase given the prevalent velocity of money and the prices of goods and services. This essay on Influence of Economy Concepts was written and submitted by user Eli W. 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.
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