Macroeconomics Assignment Essay Example for Free

Macroeconomics Assignment Essay Current economic conditions in the U. S an all around the world are rising to alarming situations, with the dilemma being common that whether its inflation or recession, which is hampering the economy badly. The liquidity issues are affecting the U. S economy badly, the money supply is shrinking although the Federal Reserve is pursuing an accommodative monetary policy, but due to its lesser control and the dynamism of the U. S economy, this policy seems to have a very low effect on the liquidity situation in the overall economy. After a rise in the money supply for few months the money supply has been contracting since then, the M2 component of the money supply, which consists of cash, consumer deposits and checking has been shrinking. While M3 which consists of the above, plus the large time deposits and other items is also changing its direction towards a lower end. The figure depicts the trends of the money supply and how it has dipped gradually. Figure 1: Annual U. S. Money Supply Growth Source: Shadow Government Statistics, 2009 This condition can result into the weakening of economic activity and pulling out money from stocks. Recently the downfall in the consumer spending and the lowering of the stock prices is the sign of scorched liquidity in the economy (Kellner, 2003). In this current situation of economic dilemma, the current economic conditions demands active measures from the new president and the U. S congress to overcome the hazards created by the weakening economy. Government should try to push more liquidity into the market; the FED should try to increase the money supply through lowering the interest rate, pushing more money into the economy by funding the companies and the corporations that can create more stability in the economy. The government should try to create more jobs into the economy by pushing their spending this will surely create more consumers spending and thus providing a ground to combat recession in the economy. These economic measures are the need of the time and they will certainly have their effects on the economy. Thus, by acting proactively on these strategies the government can easily face all the difficult circumstances. References Kellner, I. (2003, November). Where has all the money gone? Retrieved Feburary 10, 2009, from Market Watch : http://www. marketwatch. com/News/Story/Story. aspx? guid=%7BF1B1B20B-EBDE-435F-8349-A19E26DBB945%7Dsiteid=mktwdist=nwhpm Figures Figure 1: Annual U. S. Money Supply Growth Shadow Government Statistics. (2009). Annual U. S. Money Supply Growth. Retrieved Feburary 10, 2009 from http://www. shadowstats. com/charts_republish#m3

Summary and Analysis of Tale of Melibee :: Canterbury Tales Melibee Essays

Summary and Analysis of Tale of Melibee (The Canterbury Tales) Prologue to the Tale of Melibee: The Host interrupted the Tale of Sir Thopas, pleading with the narrator to desist. He told him that the rhymes were doggerel, and asks him to tell a tale in prose. The narrator agrees and asks for the group's attention once more. Analysis The connecting passages between the tales that Chaucer himself tells are more dramatically fulfilling than the stories themselves, which are little more than comic anecdotes. These passages best illustrate the narrative behind the tales themselves. The tales exist as they relate to one another in a complex set of interactions between the various pilgrims; they are not simply a set of free-standing short stories given a rough context. The tales themselves are products of this interaction; the Tale of Melibee that Chaucer will give is a response to the Host's unfavorable reaction to the Tale of Sir Thopas. The Tale of Melibee: A young man called Melibee, mighty and rich, had a wife named Prudence and a daughter Sophie. One day while he was in the fields he left his wife and daughter in his house. Three of his old foes broke into the house, raped his wife and left his daughter for dead by wounding her in five places  ­ her feet, hands, eyes, nose and mouth. When Melibee returned he began to weep. Prudence consoled him, then asked him to desist and to be as patient as Job. She tells him to call on the counsel of his true friends. His physicians vowed to cure Sophie. They advice him to set guards at his house, but not to attempt vengeance. The younger men, however, advised him to declare war. Prudence agreed with the elders, who did not want to attack the perpetrators in haste. However, Melibee cites Solomon, who advised that no wife or child should ever have mastery over a husband. Melibee and Prudence continue to debate on the subject, discussing every bit of minutiae in the subject debated. Finally she a dvises that he delay his attack on his enemies, telling them that if they will accept peace they shall be forgiven. They came to the court of Melibee and he gives them an option: they can put the punishment in the hands of Melibee or Prudence. The wisest of his enemies admits that they are unworthy to come into his court, and submit to his judgment.

Slavery History

Slavery, social institution defined by law and custom as the most absolute involuntary form of human servitude. England entered the slave trade in the latter half of the 16th century. In 1713 the exclusive right to supply the Spanish colonies was granted to the British South Sea Company. The English based their trading in the North America. In North America the first African slaves landed at Jamestown, Virginia, in 1619. Brought by early English privateers, they were subjected to limited servitude, a legalized status of Native American, white, and black servants preceding slavery in most, if not all, the English colonies in the New World. The number of slaves imported was small at first, and it did not seem necessary to define their legal status. Statutory recognition of slavery, however, occurred in Massachusetts in 1641, in Connecticut in 1650, and in Virginia in 1661. Contrary to what is commonly believed, slaves did have some legal rights, such as support in age or sickness, a right to limited religious instruction, and the right to bring suit and give evidence in special cases. Custom gave numerous rights also, such as private property, marriage, free time, contractual ability, and, to females, domestic or lighter plantation labor, which, however, the master was not bound to respect. Brutal treatment such as mutilation, branding, chaining, and murder were regulated or prohibited by law, but instances of cruelty were common before the 19th century. In North America the first African slaves landed at Jamestown, Virginia, in 1619. Brought by early English privateers, they were subjected to limited servitude, a legalized status of Native American, white, and black servants preceding slavery in most, if not all, the English colonies in the New World. The number of slaves imported was small at first, and it did not seem necessary to define their legal status. Statutory recognition of slavery, however, occurred in Massachusetts in 1641, in Connecticut in 1650, and in Virginia in 1661. Abolitionists, reformers of the 18th and 19th centuries dedicated to eliminating slavery, especially in the English-speaking countries. Although the Quakers had long opposed slavery, abolitionism as an organized force began in England in the 1780s, when William Wilberforce and the Clapham Sect? a group of wealthy evangelical Anglicans? began agitating against the African slave traffic. Their success (1807) stimulated further political assaults on slavery itself. With compensation to owners and apprenticeship arrangements, Parliament abolished West Indian slavery in 1833. British example, Quaker traditions, evangelical revivalism, and northern emancipations (1776-1827) aroused interest in abolitionism in the United States. The abolitionists differed from those of moderate antislavery feelings in that they called for an immediate end to slavery. The most extreme abolitionists denied the validity of any laws that recognized slavery as an institution; thus, they systematically violated the fugitive slave laws by organizing and operating the Underground Railroad, which concealed and transported runaway slaves to Canada. The activities and propaganda of the abolitionists, although discredited in conservative northern quarters and violently opposed in the South, made slavery a national issue. Most historians cite 1831 as the beginning of the United States abolitionist movement, when William Lloyd Garrison founded The Liberator in Boston. This newspaper soon became the leading organ of American abolitionism. In 1833 the American Anti-Slavery Society was organized in Philadelphia under Garrison’s leadership; this society was the most militant of all the antislavery organizations. Viewed as fanatics by the general public, the abolitionists were relatively few in number? only about 160,000 in the period 1833 to 1840. Most were educated church people of middle-class New England or Quaker heritage. Support among the working and upper classes was minimal. In 1839 the society split into two main groups, the radicals and the gradualists. The division was caused by disagreement concerning policy and tactics. The radical leaders, who besides Garrison included Wendell Phillips, Lucretia Mott, and John Brown, refused to join a party necessarily committed to gradual and legal emancipation of the slaves; these leaders retained control of The Liberator and the American Anti-Slavery Society. The gradualists, who included James Birney, Arthur Tappan and his brother Lewis Tappan, and Theodore Weld, believed that emancipation could be achieved legally by means of religious and political pressure. Many other activists eventually supported working through political organizations to abolish slavery, including the most famous antislavery orator, Frederick Douglass. Douglass had escaped from slavery in 1838 and worked passionately for the antislavery cause. He joined other men and women, such as Sojourner Truth and Charles Lenox Remond, who traveled throughout the North testifying against slavery and organizing moral and political opposition. Abolitionist women commonly organized fairs and concerts to raise funds for antislavery work. In 1840 the Tappans founded the American and Foreign Anti-Slavery Society, which, along with numerous state organizations, carried on most of the United States antislavery agitation. One year earlier, a group led by Birney had founded the first antislavery political party, the Liberty party, in the United States. Birney was the unsuccessful presidential candidate (1840 and 1844) of the party, the adherents of which later helped found the Free-Soil party (1848) and the Republican Party (1854). By the 1850s advocacy of violence against slave owners had replaced the earlier â€Å"moral suasion. † This was especially true during the bitter controversy over extending slavery into Kansas. Only with the victory of Union forces in the American Civil War, however, could abolitionists claim a triumph. Blood and iron, not pure idealism, won the day. Most of the American antislavery societies were dissolved following the adoption in 1870 of the 15th Amendment to the United States Constitution.

Strengths And Weaknesses Of Central Bank Essay - 1750 Words

Question 1: What Strengths and what shortcomings do you see in the approach that Central Bank is taking to fill this position? Strength 1: Combination of Internal and External Recruitment One of the strengths in Central Bank’s approach taken to filling this position is the decision to draw potential candidates from both internal and external sources. Both approaches have clear advantages and disadvantages, but by utilizing an amalgamation of the two, they are able to reap the benefits of both. Internal recruiting, which central bank has done through a job posting, generates applicants that are already well immersed in the company’s culture, core values, and processes (Steen, Noe, Hollenbeck, Gerhart, Wright, 2016, p.133). As a result, candidates are likely to adapt quickly to their new responsibilities and will require minimal training to do so. Also, recruiting from within the firm can boost overall employee motivation by showcasing the opportunities available for advancement (Steen et al., 2016, p. 131). However, there are favourable aspects to external sources that internal sources cannot offer, especially when considering Central Bank’s need for a major turn around. External recruiting is superior in bringing forth candidates that can expose an organization to new innovations and ideas that are necessary for a company to evolve (Steen et al., 2016, p. 134). Taking in direct applicants opens up the possibility of more diverse thinking within their workforce,Show MoreRelatedEssay On Corporate Governance1029 Words   |  5 PagesThis was adhered to by a comparable code by the Central Bank of Nigeria in 2000 (CBN, 2006) to deal with corporate governance practices in Nigerian financial institutions. 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