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US Economy Expansion
million (or should we say 'billion' now) dollar question is whether or not the
United States' economy will stay in it's record 107 month expansion (according
to the index of leading indicators) or come out of the boom and take a downturn
into a recession. Nobody, including the Chairman of the Federal Reserve, Alan
Greenspan has a crystal ball to provide insight as to what will happen if
interest rates are raised, lowered, or left alone. However, Economists have
developed a set of indicators to aid in predicting when a recession is about to
occur and when the economy is in one. Indicators should not be mistaken for
predictors. They are simply forecasting tools, and like any forecast can be
misleading. The index of leading indicators that is reported in the popular
press shows our economy is still in an expansion. For the purposes of our
evaluation of the economy, we chose the Principle Economic Indicators tracked by
the Bureau of Economic Analysis and the U.S. Census Bureau under the Economics
and Statistics Administration at the U.S. Department of Commerce. There are
thirteen Principle Economic Indicators, and they fall into five major
categories: National Output and Income; Orders, Sectoral Production, and
Inventories; Consumer Spending; Housing and Construction; and Foreign Trade.
National Output and Income The first of the five major categories directly
relates to measuring the growth of the U.S. economy. National Output and Income
consists of the Gross Domestic Product (GDP), Personal Income, and Corporate
Profits measurements. GDP is the primary measurement of growth and measures the
total amount of goods and services produced by governments, businesses, people,
and property located within the United States. Both real (adjusted for
inflation) and nominal (current value in dollars) data is collected for
computing the GDP. The base year for the real data is 1997. The GDP is normally
reported as an annualized quarter-to-quarter change. The reason this measurement
is vital to tracking the growth of the U.S. economy is self-explanatory. When
the economy is growing, both total income and total output are increasing.
Furthermore, a steady increase in the GDP is healthy for the economy. According
to the U.S. Department of Commerce, U.S. economic output has grown at an annual
rate of 2.5 to 3.5 percent since 1890. The preliminary estimate of GDP in the
fourth quarter of 1999 rose at a 6.9 percent annual rate, which is the strongest
gain since a similar increase in mid-1996. This is an increase from the initial
estimate of 5.8 percent and is consistent with the expectations of analysts. It
is also a reflection of the widespread upward increases among the major spending
components, including consumer spending, goods exported, and state and local
government spending. In the third quarter of 1999, GDP rose 5.7% as a result of
increases in Personal Consumption Expenditures, nonresidential fixed investment,
and exports. Personal Income is a measurement of total pretax income earned by
individuals, non-profit organizations, and private trust funds. It is expressed
at an annual rate also. The more Personal Income increases the greater the
potential for the American people to spend and save money, which directly
influences the growth of the U.S. economy. Personal Income rose .7 percent in
January, following an increase of .3 percent in December. The average monthly
increases in 1999 were .5 percent. Some extenuating factors affected income in
recent months, including cost of living increases in federal transfer payments,
a federal pay raise, and agricultural subsidy payments in January. Real
disposable income, income after taxes and adjusted for price changes, increased
by .7 percent. There was no change in December. The individual personal saving
rate rose from 1 percent in December, which was its low, to 1.4 percent in
January. Savings rates generally go down in the months October through May due
to Holiday spending (includes "paying off" credit cards). There are
two methods in which Corporate Profits are reported by the government.
"Tax-based" profits are derived from corporate tax returns, and
"adjusted" profits reflect earnings from current production. Just as
increases in Personal Income are vital to the growth of the U.S economy,
increases in Corporate Profits are just as important on an even larger scale.
The greater the profits, the more potential for growth. This in turn has a
direct effect on employment rates, spending, etc. Profits reported from current
production increased $3.7 billion in the third quarter of 1999. This is a
dramatic improvement from a decrease of $6.5 billion in the second quarter.
Profits would have been about $10 billion more than they were in the ... more
Find essay on Steady State Model
Obesity has increased in North American society (especially in the states). The United States has even been called an overweight nation. About 20% to 30% of American adults are now considered obese. Even though some Americans are in the healthy category, others enter the underweight, overweight, and even obese categories. Not only is obesity unhealthy, but it is also considered unacceptable. People have been labeled and made fun of their entire lives do to obesity. For some this is an uncontrollable way of life. An example of this are shirts which say "No Fat Chicks", showing that overweight people are unacceptable and undesirable. People are made fun of, often never to regain full acceptance.
Some people are to be blamed for their poor health status, while others blame their heredity or ethnicity. Many place the blame on more environmental sources. These might include, but are not limited to, education level and peer groups. The American Medical Association identifies genetic, environmental, and psychological influences on obesity.
You are considered obese by the American Medical Association, if 30% of your body weight is fat. . Obesity occurs when a person has a greater calorie intake than he or she burns during that day. Dr. Mary Ferguson believes that "doctors need to encourage greater weight loss in obese patients due to the fact that obese people are twice as likely to die from such health conditions as heart disease, strokes, cancer, gallbladder disease and diabetes. Dr. Ferguson also stated that the average number of deaths a year caused by obesity is 324,940 in the USA.
There are many different type of treatments for this disorder including: diets, medications, and in some cases, behavior modifications. It is important for these fat people to receive the treatments available to them because obesity lowers the quality of life and makes the person more socially unacceptable. As treatment options increase, obesity also becomes less acceptable. Advances in technology have increased leading to the discovery of liposuction, a medical procedure where the individual's body fat is literally vacuumed out of their body.
Since people often socialize with people who are more similar to them. An obese person's group of friends may also be obese. Since they are obese, overeating is a natural thing to them and they may encourage the obese attitude and lifestyle. If two fat people are with each other, the chances of them over eating and not exercising regularly are like finding a needle in a haystack. The group makes each other feel better about their decisions and decide to participate themselves. Outside of this group, the group members are seen as deviant.
People are labeled deviant due to their attitudes, behaviors, or conditions. All of these contribute to obesity. Some attitudes might obtain an acceptance within a peer group or family for obesity. Behavior for obesity shouldn't be labeled deviant because its often uncontrollable, but some obese people become obese due to overeating and lack of activity.
To be deviant also means to be abnormal, but in our society the term normal can't be defined. People choose what is normal and what isn't and the view is often one-sided. Because a person is heavier than you or most people that you know, doesn't give you the right to label them as deviant. However, a person who is overweight and considered abnormal, has the ability to change their appearance and regain normal status in society. Overweight people who attempt to lose their weight are encouraged by people to carry it out, but after the weight has been lost it can be even harder to keep it off. When People regain the weight they are again looked down upon which can hurt the person's self esteem, an example of this would be that Oprah Winfrey is considered a yo-yo dieter because she has gone down and back up the scale several times (Entertainment Tonight).
Oprah is a popular talk show host who has been in the public eye for years. Weight has been an issue for her whole life. America has watched her lose weight only to gain it back over and over again. Many comments have been made on other television shows and in magazine articles.
On the other hand, ... more
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Ecommerce Electronic Commerce Edward Caputo Many new and exciting business and purchasing opportunities are becoming available due to the phenomenal growth of the Internet and peoples interest to save time and money by purchasing goods via the web. If you think about all the companies that you know that dont use computers for their everyday business than you either are stumped or just thought of one that will soon be forced to evolve or will soon go out of business. There are very few success...
T: US Economy Expansion
US Economy Expansion The million (or should we say 'billion' now) dollar question is whether or not the United States' economy will stay in it's record 107 month expansion (according to the index of leading indicators) or come out of the boom and take a downturn into a recession. Nobody, including the Chairman of the Federal Reserve, Alan Greenspan has a crystal ball to provide insight as to what will happen if interest rates are raised, lowered, or left alone. However, Economists have developed...
obesity Obesity has increased in North American society (especially in the states). The United States has even been called an overweight nation. About 20% to 30% of American adults are now considered obese. Even though some Americans are in the healthy category, others enter the underweight, overweight, and even obese categories. Not only is obesity unhealthy, but it is also considered unacceptable. People have been labeled and made fun of their entire lives do to obesity. For some this is an un...
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