Wednesday, December 25, 2019

News Report From The Massachusetts Institute Of Technology

Reporter: We have some breaking news to report from the Massachusetts Institute of Technology. We have just been informed that long time economist and Professor Paul Samuelson has passed away at the age of 94 after battling an undisclosed illness. Samuelson has impacted the school of MIT greatly as he is a contributor to their highly prestigious economic department. His independent influence in economics has also been wide spread and will continue to be long-standing in the field of economics. We will now tune into a live coverage of Samuelson’s most recognized understudy, Corey Jenkins, as we will hear his reaction to the unfortunate death followed by a quick, informative QA with the media. Corey: Thank you all for coming out today and†¦show more content†¦Even though Samuelson was considered a modern economist, he did not follow the current trend of specializing in a specific facet of economics, yet was considered a generalist and impacted many areas of economics such as consumer behavior, inflation, finance, international trade, business cycles and countless other areas. His most recognized work is found in his book on the Foundations of Economic Analysis which he published in 1947. The work attempts to identify and formulate the unifying and underlying general economic theories which enables the connection among varying aspects of individual theories. Basically, he attempted to find general equilibrium conditions and formulas that were derived from similar principles of differing economic theories. He was the first American to win the Nobel Prize in 1970 for his work in increasing the analytical level of economics. Some of his conceptual theories and mathematical models that enhanced dynamic economic analysis were revealed preference, the Heckscher-Ohlin-Samuelson model, and the multiplier accelerator model. Many of his contributions also apply directly to welfare economics which was an upcoming economic field during the span of his work. He was considered one of the first mathematical economists and critiqued previous thinkers for not attempting to analyze the laws they claimed existed, yet just establishing the concept and believing it works based on continuous trial and

Tuesday, December 17, 2019

Fossil Fuels A New Form Of Energy - 2059 Words

Imagine New York City right now with all its bright lights, crowded streets full of cars, and amazing architecture such as skyscrapers and subway systems. Now let a few decades go by and take away fossil fuels, what is left now? A dark city with empty streets littered by useless vehicles and empty buildings and tunnels. Why did all of this change and why was this simple form of energy removed? That is because at the current rate of consumption fossil fuels will not last more than a few decades, plunging large cities into darkness. So how can this be fixed? Fossil fuels are being depleted and there is no changing that, so there must be a new form of energy, such as renewable energy, introduced into society. The Industrial Revolution signified the beginning of a new way of using fossil fuels as a resource. Starting towards the end of the 1700s this resource fueled economy began in Britain and then began to spread to the United States (Andrews). However, this fuel source didn’t reach full potential until later on because the sun and the earth had fueled America even during the 1800s in a harmless fashion (Andrews). The first big surge in fossil fuel usage was when harvesting coal became big business in Pennsylvania and Virginia in 1830 (Andrews). Usage continued to increase in popularity, especially when coal mining extended a helping hand in the Civil War, helping the Union get ahead of the Confederacy (Andrews). As popularity and usage grew coal mines provided jobs forShow MoreRelatedNew Energy for the Future1358 Words   |  6 PagesNew Energy for the Future For years man has relied on energy in order to be successful in life. The industrial revolution relied on coal for the new inventions brought into the world. Life as has never been the same since then. However since that time, there has been little done to improve on energy efficiency and humans still primarily rely on fossil fuels for energy. For over a hundred years the Earth has become more polluted and dirtier than ever before. Now, with new, innovative technology thereRead MoreFossil Fuels Are Bad For Our Environment889 Words   |  4 Pages Fossil fuels are bad for our environment, and in a economy that is struggling, there is no point in pouring billions of dollars a year into an energy source that is killing our other resources. This kind of spending and reckless destruction of our environment will eventually have to stop. The question is, when it does what will we do? There are many other forms of alternative energy that are accessible to us right now. These energy sources will eventually have to be used in the place of burningRead MoreUnited States Energy Crisis During 1970 Essay examples1271 Words   |  6 PagesThe energy crisis of the 1970’s caused authorities to search out other renewable sources of energy, which currently remain undeveloped and keep the U.S. today generally dependant on foreign fuel. According to Merriam Webster dictionary, a crisis is a â€Å"difficult or dangerous situation that needs serious attention.† The energy crisis of the 1970’s produced a backlash that affected much of the economy and spread fear and panic over the United States. Energy Crisis (1970’s) states that the crisis officiallyRead MoreNew Is Not Always Better Essay1208 Words   |  5 PagesNew Is Not Always Better Humans have been taught, since the beginning of time, to never settle and always to improve. One of the biggest areas in which this is true is in the area of energy needs. Coal and fossil fuels have been used for a long time and are now considered crude and outdated. Many governments and companies are now searching for cleaner and renewable alternatives such as solar energy, bio-fuels, and wind energy. 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Introduction The U.S obtains more than 84% of its energy from fossil fuels including oil, coal and natural gas. This is because people rely on it to heat their homes, power industries, run vehicles, manufacturing, and provision of electricity. It is apparent that the country’s transportation industry highly depends onRead MoreCan Sustainable Energy and Fossil Fuel Co-Exist1389 Words   |  6 PagesCan Sustainable Energy and Fossil Fuel Co-Exist? In recent years, the question of America’s power source has been the topic on more than a few dinner and boardroom tables across the country. In fact, it is even talked about in the offices of governors and the POTUS. The reason why so many people are raising this question is the rise in petroleum prices and the depletion of natural resources. The rising prices of petroleum is not a new thing; It has happening for decades, but the American peopleRead MoreConverting Energy Essay824 Words   |  4 PagesConverting Energy 1 The Law of Conservation of Energy states that energy can neither be destroyed or created, only transferred or transformed. That being said, each form of energy has the ability to be converted into another form of energy. And since there are several forms of energy, that makes many different conversions achievable. Almost all technological gadgets convert one energy form into a new one. The vast number of devices that can convert energy into other states of energy are termedRead MoreViable Alternative Energy For Replace Fossil Fuels1724 Words   |  7 Pages Viable Alternative Energy to Replace Fossil Fuels Nauman Syed Zia University of Houston Nearly all of the United States production of energy comes from non-renewable sources, also known as fossil fuels. However, the problem with using fossil fuels to satisfy the United States ever-growing demand for power is that they are a limited resource and their production and usage cause a myriad of harmful environmental effects. There are other sources of energy available that do notRead MoreDifferent Types of Energy and Its Many Uses969 Words   |  4 PagesIn the world today there are five different forms of energy available to us to use: mechanical, chemical, radiant, electrical and nuclear. (Tillery, 2009 p. 62) Each of these forms of energy can be converted from one type of energy to another. An example of this would be electrical energy turning into mechanical energy every time you use your blender. The electrical energy flows through the mechanical device providing it the power it needs to make the blade move in a circular motion and blend

Monday, December 9, 2019

Goo Earth Essay Example For Students

Goo Earth Essay #Quotes/ResponsesPage #1There was a woman coming to the house. Never again would Wang Lung have to riseat dawn to light the fire. He could lie in his bed and wait.2This quote shows the reader the kind of role the woman was supposed to have in her family. She was to do all of the housework, cooking Basically she takes care of the mans every need. 2Come here, slave, said the old lady carelessly. This man has come for you.13Female children were often sold as slaves to rich families. This wasnt done with male children, which shows that the male children were held in much higher regards, and that they were worth more to a family. 3Is it a man? he cried importunely.27Male children were wanted more than females because they could own land and grow crops, something that the government prohibited females to do. 4It is over once more. It is only a slave this time-not worth mentioning. Wang lung stood still. A sense of evil struck him. A girl!46Wang Lung wasnt any exception to the rule with girl children. He just wanted to have male children because girls just caused a whole lot of trouble in his eyes. 5I would sell this girl for you-to take you back to the land.83Olan was willing to sell her daughter so that her family could go back to their home and their land. Wang Lung did not think that it was right to do so. Olan thought that it was ok because she was sold into slavery when her parents needed money6My mother did not bind them, since I was sold so young. But the girls feet I will bind-the younger girls feet I will bind.122The women were expected to have their feet bound to make them smaller and more beautiful. The women were expected to go through a lot of pain to be presentable to their husband. 7He chose one most beautiful, a small, slender thing, a body light as a bamboo and a little face as pointed as a kittens face, and one hand clasping the stem of a lotus flower in bud, and the hand as delicate as the tendril of a fern uncurled.126This quote refers to Wang Lung when he went to pay for his pleasures with a beautiful woman. This kind of thing was ok for a man to do. He could have as many women as he wanted, but a woman could not do the same. 8I shall never sell the land! Bit by bit, I will dig up the fields and feed the earth itself to the children and when they die I will bury them in the land, and I and my wife and my old father, even he, we will die on the land that has given us birth. 619Hunger makes a thief of any man.10110Then Wang Lung, without comprehending it, looked for an instant into the heart of this dull, and faithful creature, who had labored all her life at some task at which she won no reward.10611Then slowly she thrust her wet wrinkled hand into her bosom and she drew forth the small package and she gave it to him and watched him as he unwrapped it; and the pearls lay in his hand and they caught softly and fully the light of the sun, and he laughed. But O-lan returned to the beating of his clothes and when tears dropped slowly and heavily from her eyes she did not put up her hand to wiped them away; only she beat the more steadily with her wooden stick upon the clothes spread over the stone.134/512But s he answered nothing except to say over and over, moaning, I have borne you sonsI have borne you sons.'14013It seemed to him that now his life was rounded off, and he had done all that he said he would in his life and more than he could ever have dreamed he could.24114Out of this body of his, out of his own loins, life!2315Yet never could he grasp her wholly, and this it was which kept him fevered and thirsty, even if she gave him his will of her.130Words/ Pages : 700 / 24

Monday, December 2, 2019

Working in the global economy an Example by

Working in the global economy During the early 1970s the temporary agencies were only really visible in the US, and the European markets of the UK, France and the Netherlands. The industry has now become truly international. Estimates suggest it is now worth some US $120 billion annually. (Staffing Industry Analysts, Inc, 2003). The development of temporary agencies forms an integral part of these new dynamics of labor market regulation. Growth of multi national investment in the 1990s and the entrance of one or two multi national agencies created the conditions for agency business to expand slowly in the absence of formal legal recognition. Need essay sample on "Working in the global economy" topic? We will write a custom essay sample specifically for you Proceed Temporary agencies are increasingly playing a systematic macro regulatory role in the US labor market, where they now account for a big share of costs of labor market adjustment. Temporary agencies development is closely linked with the wider restructuring of the US economy where it has assumed a significant presence as a low cost flexibly mediated labor. During the last thirty years, the temporary agencies have moved from the role of staffing provider, supplying short term cover for eventualities such as seasonal spikes and maternal leaves in demand. They now have a more systematic and continuous function, mediating between companies personnel offices and their preferred labor suppliers across an increasingly broad array of industries and occupations. Temporary agencies ability to embed themselves in the labor market has been remarkable so that now it can be seen as a sign of flexibility not just at the micro level (meeting the needs of individual enterprises), but also at the macro level mediating socio-economic risks ad macro economic pressures across the labor market as a whole. Some employers have turned to temporary staff agencies to source workers for high-turnover or undesirable jobs such as assembly, loading and packing which demand physical work). Others utilize temporary workers as a recruitment and screening pool for permanent employees as is often the case now in clerical labor market. The form and rationale of temporary employment relationships therefore vary significantly; they range from the large-scale deployment of replaceable day-laborers in construction and manual service work through to few assignments of professionals with unique skills set in fields such as IT and healthcare (Melchionno, 1999). Standing between employer and the employee, staffing agencies have assumed important, third party roles in screening, recruitment, placement and reassignment in job design, in supervision and labor control and in the structuring of remuneration and incentive systems. By this they shield firms from regulatory costs, such as exposure to workers compensation claims or unemployment insurance, while also denying temporary workers benefits such as health insurance and pension entitlements. There is strong evidence in the historically dislike pattern of the employment restructuring around the 2001 recession that temporary agencies are beginning to register significant economy wide effects. They performed a shock absorber function enabling businesses to externalize the costs of economic fluctuations and regulatory risks. They absorb all the employment related costs of a cyclical downturn, thereby preventing the need to lay off permanent employees. Employers are adding temporary workers well in advance of permanent employees. They are also making flexible employment strategies a central elongated process of workforce adjustments which include adding workers employed on temporary contracts while continuing to shed permanent employees. It seems that the temporary agencies no longer perform a benign and marginal function, as a leading indicator of wider labor-market conditions. Increasingly, it is implicated in establishing and maintaining these conditions. Over the years the temporary agencies have evolved from small scale service providers; located in a handful of large and industrial and major administrative centers, to diversified business sector, offering a various services in competitive markets across the country. They can now be regarded as a stable component of the regulatory infrastructure of the labor market. As a result, the temporary option is now factored into hiring and human-resources decision, in ways that would be unthinkable in the 1970s (Silber 1997 Lenz, 2004) Temporary agencies with their characteristically narrow margins and low barriers to entry, has been enabled to wean itself away from the high volume business model. Download pressure on billing rates makes the service increasingly attractive to employers, but also places stubborn limits on the remuneration of temporary workers. As employers continues to use temporary agencies as part of ongoing recruitment and cost entertainment policies there are serious consequences on systems of social protection and insurance (Peck and Theodore, 2002). It is possible to observe some common trends, such as the tendency for young people in particular to be employed as temporary workers, as they enter very different types of labor market to that which their parents entered a generation ago. There are countries with no data on temporary agencies as most they remain unregulated. For example in Czech Republic and Poland, where legislation was introduced in 2004 that for the first time recognized temporary agencies, there is no data on them and the workers they place. Temporary agencies are here to stay and will continue to affect the flow of labor markets between countries and in essence affecting the global economy. References Grabelski, J (2001). Temporary employment agencies: strategic challenges ahead, NEIS E- Bulletin 17, Washington DC: New Economy Information Service. Segal, L and Sulliram, D (1997).The growth of temporary services work. Journal of Economic Perspectives. Vol.11 pg177-36. Theodore, N and Peck, J (2002). The temporary staffing industry; growth imperatives and limits to contingency, economic Geography, Vol. 78 Pg 463-93.