The Drinking Age Should Be Lowered . Lowering The Drinking

The Drinking Age Should be Lowered Lowering the drinking age has been a huge controversy in the United States. Should we lower it to eighteen like other countries or just keep it at twenty-one? Many people believe that the drinking age was lowered because of health reasons, but it had nothing to do with health-related problems. President Ronald Reagan gave highway funds to whoever would sign the National Minimum Drinking Age Act (Miron). Alcohol is used for many reasons. It is used for peer pressure, celebration, anxiety, rebellion and many other things. Although the minimum drinking age is twenty-one, this does not stop people below that age from drinking. Teenagers still buy alcohol with fake identifications card, and drink illegally.†¦show more content†¦Being in the war is one of the biggest sacrifices in America. In the military, one holds a great amount of responsibility such as holding guns, flying planes and many other important jobs. It does not make sense that eigh teen year olds can have such big responsibilities, but when it comes to drinking they aren’t mature enough. Even later in life, one may experience the same effects as an eighteen-year-old. The main question is at what age can someone be mature enough to make decisions about their own life? Per Stefan Kiesbye, he has found a solution that would make teenagers â€Å"mature† enough to drink. Parks, a college administrator, suggest that underage people require a learner’s permit (â€Å"Introduction†¦Ã¢â‚¬ ). This permit would teach kids how to drink responsibly. Most teenagers that drink have received no education about alcohol abuse and are usually sneaking behind their parents backs. (â€Å"introduction†¦Ã¢â‚¬ ). He says when people turn twenty-one, they do not all the sudden become magically mature or wise about things (â€Å"Introduction†¦Ã¢â‚¬ ). President John Mcardell, also agrees that there should be a learner’s permit. He has a bit of a twist on it though, he says that people should get them if they have not been found guilty of alcohol problems in the past (Hanson). The problem with this permit is that people would still abuse drinking, but it might help some teenagers and maybe evenShow MoreRelatedLowering Legal Drinking Age Essay1417 Words   |  6 PagesLowering the Drinking Age Half the United States population starts drinking at the age of 14.When you are 18 you have privileges like joining the army. (Mitch Adams Lowering the drinking age page 1) You can go to war and die for your country but you still can not enjoy an ice cold beer. (Mitch Adams Lowering the drinking age page 1) How is being 21 different from being 18? How does three more years of not drinking make you mature enough to drink? The longer you drink the more you start toRead MoreThe Minimum Drinking Age Act1700 Words   |  7 PagesNational Minimum Drinking Age Act made all 50 states raise the legal drinking age to 21(Dejong). The debate is on whether the age should be lowered or not. Statistically, having the age at 21 has been very helpful in keeping the nation safe. If there is not an issue with age now, would it make sense to lower the age and create unnecessary problems? In this case, the negative effects outweigh the positive. Simply because there is no good in lowering the age. The legal drinking age has been set atRead MoreAccording To â€Å"College Drinking,† Almost Two Out Of Three1388 Words   |  6 PagesAccording to â€Å"College Drinking,† almost two out of three college students engage in binge drinking. Binge drinking is a pattern of drinking that brings blood alcohol concentration (BAC) levels to 0.08 g/dL or higher (â€Å"College Drinking†). Many parents, guardians, and psychologists believe that college students binge drink because they think drinking is an integral part of their higher education. Similar to peer pressure, college students drink because the rest of the student body drinks. FurthermoreRead MoreFor Years, The Debate About Deciding A Minimum Legal Drinking1638 Words   |  7 Pagesminimum legal drinking age (MLDA) has plagued the United States. The arguments can include that intoxicated driving accidents will increase if the MLDA was lowered or that the current MLDA is not decreasing drinking among young adu lts at all. The torn arguments between ages eighteen and twenty-one have not proven one age to be the right answer to the problem of deciding a drinking age, but if the MLDA was lowered to age eighteen, it would be the most beneficial choice because lowering it will benefitRead MoreWhy Lowering The Drinking Age Is A Good Idea?. Lowering1627 Words   |  7 PagesWhy Lowering the Drinking Age is a Good Idea? Lowering the drinking age to 18 in the United States has been a source of controversy in recent years. It has been a controversial topic because many people disagree, while many agree with the topic. For example, the people who disagree and are against lowering the drinking age to 18 believe we should not lower the drinking age because 18 year old individuals are not responsible enough to drink alcohol. While, the people who agree we should lower theRead MoreLowering The Alcohol Drinking Age1602 Words   |  7 Pages Lowering The Alcohol Drinking Age Now a day’s teens that are under the age of twenty-one are out in trouble and drinking. They know that they are not old enough to drink and that is what makes them want to drink even more. Teens drink when they are not suppose to, but they know that when they drink, they must stay out of trouble. Lowering the alcohol drinking age will keep a bunch of teens out of trouble. If teens can stay safe while drinking then they should allow eighteen year olds to drinkRead MoreControversial Analysis: Drinking Age1278 Words   |  6 PagesCarolina Quiroga April 02, 2012 Leslie Jones English 102 The Drinking Age and Young Adults. Because underage drinking is a major problem for young adults, the drinking age has become a very controversial issue. In the 1990s, the drinking age was 18, but it was changed to 21 in 1984. The Federal Government informed states to choose between raising the drinking age to 21 or foregoing highway funding. This decision obviously affected 18 to 20 year olds who could no longer buy alcoholic beveragesRead MoreShould The Minimum Drinking Age Be Lowered?1138 Words   |  5 Pagesquestion whether drinking should be lowered to eighteen or not? Citizens have gave details regarding the affirmative and negative views of the minimum drinking age be lowered to eighteen. Do you think that it is wise to lower the minimum age? Would you look at the negative and positive impacts? Is it more important to give our citizens these full rights? Currently, in the United States the legal drinking age is twenty-one. But as we all know many teenages are involved in underage drinking. But the mainRead M oreShould The Drinking Age Be Lowered?995 Words   |  4 Pages Should the legal drinking age be lowered to age 18? Recently people have been debating whether If the drinking age should be lowered to 18. Some people think 18 is a better age but others think it’s outrageous to lower the drinking age to 18. After much reading and observing, I myself think the drinking age should be kept at 21 years old,because young adults who drink while they re underage make poor decisions and majority of the young adults are in college lacking in classes. The legal drinkingRead MoreBang! A Soldier Just Got Shot, And Most Likely P Never1676 Words   |  7 Pagesfreedom of drinking? The drinking age was moved to the age of 21 in 1984 due to many drunk drivers. Now I think everyone gets the point not to drink and drive due to the serious consequences. If we lowered the drinking age underage drinking wouldn’t be as big. More money for our government will be made, therefore we can buy and reproduce more goods. The drinking age should be lowered, because it will stop binge drinking, you are considered an adult at age 18, and it helps colleges. Binge Drinking is when

Violence Against Women Is A Women’S Health Issue Stemming

Violence against women is a women’s health issue stemming from the cultural acceptance of the power dynamic between men and women. Specifically, men are socialized to be more powerful, commanding and assert themselves in the public sphere. While females are socialized to be more docile, reserved, obedient and to consume as little space as possible – both physically and figuratively. This mindset is something that adversely affects the health of women, taking away her autonomy, and subverting her worth. The societal norm to diminish the female leaves women vulnerable to objectification, ability to be possessed, and subsequently violence against them. With those experiencing homelessness there’s not one specific instance that resulted in†¦show more content†¦Violence against women works to disregard women as viable members of society. Violent acts continue to marginalize women and pigeonholed them to less than desirable life circumstances that can negative ly impact their health. Women seeking homelessness are less likely to frequent trips to hospitals and doctors when their concerned with the financial and physical security of their families (Silver, Paà ±ares). Furthermore, violence in the lives of these women serves as a barrier to employment. There are social consequences with domestic violence, such as job loss, loss of job productivity, and social isolation that reinforce the pattern of violence (Silver, Paà ±ares). Domestic violence and other violent crimes against women, put women at a disadvantage. This is especially true in vulnerable populations such as those women that are experiencing homelessness. Women are not only disadvantaged by homelessness in terms of socioeconomic standpoints, but in their mental health as well. Studies show that the lifetime rate of PTSD, major depression and substance abuse disorders are overrepresented amongst those women experiencing homelessness (Silver, Paà ±ares). The study also showed t hat homeless women with serious mental illnesses are not receiving care, perhaps due to a lack of services accessible to meet mental health access. The problem with mentalShow MoreRelatedWomen s False Assumptions About Women And Society1706 Words   |  7 Pageshave an abundance of rape and violence against women in this country and on this Earth, though it s almost never treated as a civil rights or human rights issue, or a crisis, or even a pattern. Violence doesn t have a race, a class, a religion, or a nationality, but it does have a gender.† That was said by Rebecca Solnit, author of Men Explain Things To Me, a book regarding men’s false assumptions about women and society. Sexual violence against women is an ongoing issue facing multiple different countriesRead MoreThe Caged Bird : Microscopic And Macroscopic Perspectives Of Oppression1636 Words   |  7 Pagestowards subordinate social groups can also lead to internalized oppression, creating a complex system o f disempowerment and self-loathing. As members of society committed to social change, it is important that we continue to educate ourselves on the issues of oppression and oppressed groups while ensuring we act at allies and advocates in our efforts to tackle these barriers. â€Æ' Freeing the Caged Bird: Microscopic and Macroscopic Perspectives of Oppression There are some who may argue that oppressionRead MoreHarassment on Women2236 Words   |  9 Pageseyes sting with the fear that you will have to go through the whole thing again on the walk home. *** The Insidious Everyday Reality Sexual harassment, often known as â€Å"eve teasing†, is a regular occurrence for the women and girls of Bangladesh. A recent study by the Bangladesh National Women Lawyers’ Association (BNWLA) showed that almost 90 percent of girls aged 10-18 have undergone the experience. The harassment can take a variety of forms and the perpetrators come from multiple walks of life; theyRead MoreBattered Women : Mental And Mental Abuse1851 Words   |  8 Pages Battered women are women with mental issues due to abusive behavior by a man at home as an after effect of severe, lengthy abuse. A woman is considered battered when she feels discouraged, oppressed, and ineligible to leave the abusive circumstances. In spite of the fact that it may appear the victim can easily leave her situation, however, it feels totally impossible for her. Feeling frightful and powerless, and in some cases even trusting that her abuser will quit abusing her, the victim staysRead MoreEssay on Conflict and Impact on Gender2361 Words   |  10 Pagesmyriad of problems and issues that impacts several spheres of a country. Conflicts affect a country economically, politically, socially and environmentally on a broader level while the micro level impact is what is immediately seen and felt. Conflict has gender specific impacts as well, although it is women who are mostly affected by conflict as they are affected in several more different ways than men, and at a highe r intensity in most cases. In certain parts of the world, women face deliberate genderRead MoreViolence And Sexual Abuse Of Stockholm Syndrome And Violence Against Women Essay1844 Words   |  8 Pagessomething more harmful than a playground scuffle. This makes this damaging wives’ tale an enforcer of Stockholm syndrome and violence against women. (Jameson, 2011) These kinds of societal beliefs teaches men to treat the women they admire with brutality as an expression of their feelings as well as a sexual object of their desire. It has taught women to accept these acts of violence and sexual abuse as an equivalent for love and compliment. Stockholm syndrome is a defense mechanism of sorts: the abusedRead MoreDuring The 19Th Century, Feminism Had A Significant Effect1841 Words   |  8 Pagessignificant effect on the women’s role in society and in everyday life. Women got sick of living the homemaker lifestyle, and were getting bored with their typical daily duties, such as cleaning the home and caring for the family full-time. They were also tired of their voices not being relevant regarding community affairs. In result, the decision was made it was time to make a change. It is a well-known fact that men were granted with rights; which mean that women had little to none. Women, exhausted fromRead MoreFeminicide, Gender Violence Agains t Women5270 Words   |  22 PagesLAS Disposables Ciudad Juà ¡rez March 13, 2015†© Femicide and Structural Violence against Women in By: Craig Serpa LAS DISPOSABLES PAGE 1 ! Introduction Much research has been produced attempting to describe and subvert femicide in Ciudad Juà ¡rez, but perhaps the most accurate description of the gendered violence can be found in an American political cartoon. A maquiladora, or Mexican border assembly/ processing plant, stands alone among rolling hills littered with gravestones inRead More Human Rights Violations of Chinas One Child Policy Essay4302 Words   |  18 PagesAbstract The purpose of this research is to highlight to what extent government policy has violated the human rights of women in China. Government policy is important to the organization of countries. Government policies work to aid in political, economic, and social issues that can become detrimental to the function of a country. Flourishing government policies prove to be efficient and effective when implementation is deemed successful. The One Child Policy proved to be successful in reducingRead MoreTheory Description And Key Terms2452 Words   |  10 Pagestransgender theory embraces â€Å"ideas of the fluidly embodied, socially constructed, and self-constructed aspects of social identity† (2010). Literature Review Transgender Individuals and Higher Education Lesbian, gay, bisexual, and transgender issues have surfaced as diversity become priority in institutions of higher education. Though many changes have occurred for the LGB groups, modifications for transgendered students are rare (Schneider, 2010). Even the LGBT groups established on college

The Good Earth Essay Research Paper Each free essay sample

The Good Earth Essay, Research Paper Each and every novel is filled with an copiousness of literary devices. Foreshadowing, metaphors, and similes, merely to call a few, help the writer in better showing his or her work. One of the most effectual and powerful literary devices is irony. Sarcasm can be defined as the contrast between what is said and what is really meant. Irony is interlaced all throughout Dostoevsky s Crime and Punishment ( 1866 ) . Through Crime and Punishment, Dostoevsky conveys the message that even a liquidator can be refined through guilt and the absolute love of others. The application of sarcasm efforts to picture the elaborateness of Raskolnikov s mental development. The first case of sarcasm that presents itself in the novel is situational sarcasm ( when something unanticipated occurs ) . Immediately after Raskolnikov persuades himself that he can non travel through with the manslaughter, he discovers that the old pawnbroker will be unaccompanied the following eventide in her abode. We will write a custom essay sample on The Good Earth Essay Research Paper Each or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This dry incident alters Raskolnikov s attitude toward the slaying and besides commences his psychological transmutation. Raskolnikov s biddings to the Police Station exhibits another case of situational sarcasm. Directly after he receives it, he is overcome with terror and guilt. However, when he subsequently discovers that the biddings is for his unpaid and delinquent liabilities, non the slaying, he is overwhelmed with alleviation. This incident reveals that guilt is felt by Raskolnikov s amiable side merely. Once he realizes that he has non yet been caught, he once more justifies the slaying and his deadly side returns. Subsequently in the narrative, when Raskolnikov is close to squealing the slaying to Porifry, Nikolay adds even more situational sarcasm by having up to the mur der. Dostoevsky creates this portion in order to prorogue Raskolnikov s confession. This permits him to go reformed through speech production with Dounia and Sonia. By Raskolnikov demoing no guilt for Nikolay s confession, Dostoevsky proves the strength of his amoral half. Svidrigailov s relationship with Dounia analogues that of Raskolnikov s and Sonia s. The distinguishable difference is that Dounia does non love Svidrigailov, ensuing in his eventual suicide. If it were non for Sonia s love, Raskolnikov would hold ended up the same mode. This demonstrates that love can be the finding component in one s life. As Raskolnikov is nearing the Police Station with the purpose to squeal, he overhears that Svidrigailov has shot himself. Raskolnikov knows that the merely other single that was cognizant of the slaying is now removed from the image. His dark side exposes itself and drives him to walk off, merely to see Sonia standing in his pathway. The idea of her fondness forces him to turn around a 2nd clip and unburden himself of the slaying. This go oning show s how he is reformed and is now dominated by his sort, warm side. Crime and Punishment is the narrative of the battle between Raskolnikov s scruples and his mind. Throughout the full narrative, he tries to get away his scruples, as though it is impeding him. Dry events power Raskolnikov to face his struggle and at the terminal take his fate. Dostoevsky uses this literary device to explicate why Raskolnikov has such a serious battle within him. Furthermore, he uses it to uncover his message that anyone can be remedied through the credence of guilt and anguish. Although Raskolnikov commits an indefinable act, he is saved by manner of guilt and the deathless love of Sonia.

Cash Flow Analysis free essay sample

Several factors have made Interco an attractive takeover target: 1) Interco’s stock is undervalued due to poor performance in the apparel and general merchandising divisions, which have weakened Interco’s valuation as a whole. 2) As stated by the equity analysts, Interco is an over capitalized company with potential to grow, which makes an acquisition easy to finance. 3) Interco is also a cash generative target for a potential acquirer as it generates approximately $0. 10 of operating cash flow for every dollar of sales. ) The company is also structured in a way that it could be broken up and sold into its constituent parts, which could prove to be worth more than the whole. 2. As a member of the Board of Interco, neither the Premiums Paid Analysis nor the Comparable Transaction Analysis is very convincing. ?Premiums Paid Analysis – At first glance, the premiums paid analysis indicates that the Rales Proposal undervalues the stock relative to other recent transac tions. We will write a custom essay sample on Cash Flow Analysis or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page However, this measure has limited reliability in that it is not directly related to the company’s financial outlook. Additionally, this analysis does not indicate which industries are being used as comps, so it is impossible to tell how relevant this data really is. ?Comparable Transaction Analysis – Since Interco is a conglomerate, no one industry segment will provide an accurate measure of the effectiveness of the Rales Proposal in the aggregate. Also none of the comps are even close in size to the aggregate valuation range of the Rales Proposal. Therefore, thee comps may not be relevant as smaller companies may have different growth and profitability dynamics. . See Discounted Cash Flow Analysis #1 for a discounted cash flow analysis using Wasserstein’s assumptions, which support their proposed valuation range. As a member of the Board we would question the following assumptions: †¢Assumptions related to the apparel division seem higher than warranted: oThe projected growth rate of 7. 1% is significantly higher than the recent historical performance of -10% and -. 5% for the l ast two years, respectively. oThe projected operating margin of 6. 4% is much higher than the recently declining trend of 7. %, 5. 5% and 2. 5% for the last 3 years, respectively. †¢Footwear division’s projected growth rate of 6. 3% is significantly lower than the recent performance of 19% and 34% over the last two years respectively. Also, it is projected to be the lowest of the four divisions despite being the best performer recently. †¢Terminal value multiples of 14x-16x seem high. The Board should ask for additional support to validate these assumptions †¢Discount rate of 10-13%. 10% seems low given the corporate bond rates and the risk free rates given in Exhibit 14. We should also perform a Weighted Average Cost of Capital calculation based on the desired equity return of the investors and the potential Debt/Equity ratio. A preliminary estimate assuming a 60%/40% D/E ratio, a required equity return of 20%, a required debt return of 10% and a 41% tax rate would require a minimum discount rate of 11. 5%. 4. Given the information provided, $70 seems like a reasonable offer worthy of consideration. The $70 offer is in range based of the Wasserstein analysis and Rales has indicated its willingness to increase the bid if supported by further due diligence. There is no reason to believe that Interco could potentially get a higher bid given that no other suitors exist and also given the recent performance of the stock prior to the news of the initial takeover offer. The stock was trading in the $32. 25-$53. 25 range over the last 2 ? years with an average trading price $41. 50. Additionally, if the management team rejects the bid, it still must execute a restructuring plan in order to unlock the true value of the firm. Given the risk involved with this strategy it is uncertain that they would be able to actually increase Interco’s value. Upon further analysis, whereby we adjusted for the appropriate growth rate and profit potential of the Apparel division, we have determined that a more accurate valuation range for Interco is $61 $70/ share. See Discounted Cash Flow Analysis #2 for a revised discounted cash flow analysis and stock value range. As a result, we would advise the board to accept City Capital’s offer based on (i) our revised analysis, (ii) due to the fact that there are no alternative bids for the company and (iii) the risk associated with management’s restructuring plan. 5. The Board When the Board hired Wasserstein, Perella, Co. to stop the Rales brothers it appears it neglected its fiduciary responsibility of the shareholders and worked instead in its own best interests. Instead of attempting to understand the reason for the takeover and analyzing the pros and cons of a potentially friendly merger, the Board threw up an automatic roadblock. The Board is primarily comprised of Intercos top executives out of the 14 named directors, only seven are independent shareholders who are not employed by Interco or one of its subsidiaries or divisions. The Board initially instituted certain poison pill provisions to prevent a takeover. This alone is not indicative of a breach of fiduciary duty to the shareholders, but on August 8, 1988 the Board approved golden parachute protections for Intercos senior executives which would be triggered on acquisition by a third party. The total value of these agreements was $16. 3M. At this time all directors, nominees and officers of Interco (not just those on the Board) beneficially owned only 1. 14% of all outstanding shares of Interco. After receiving the Rales Proposal, the Board attempted to determine the value of Interco based on a third party analysis. This analysis was biased, though, as Wasserstein’s compensation was based on the wrong incentive whereby they receive an additional $3. 8 million fee if they got City Capital rescind the offer and successfully recapitalized the Company. As a result, the Wasserstein analysis was not truly objective. Further, the Board could (and probably should) have made a counter offer to the City Capital proposal rather than rejecting it outright. Wasserstein, Perella, Co Wasserstein faces conflict of interest due to the structure of its compensation agreement. Wasserstein gets a bonus if the takeover does not occur. With this type of perverse incentive, Wasserstein’s objectivity is impaired and its valuation is unreliable. The Rales Brothers The Rales Brothers appeared to correctly identify a target whether for friendly merger or hostile takeover. The Rales are acting deliberately and seriously to acquire Interco. They have filed with the SEC and have arranged financing. They have made two firm offers and have indicated willingness to increase their bid should Interco provide empirical support to justify a higher stock price. The Rales appear to be behaving deliberately, but fairly, as they have announced their intention to potentially break up the company. Drexel Burnham Obviously Drexel is fully on board with this deal. They are highly confident that Drexel could raise up to $1. 375B in capital with an additional $1. 1B in debt commitments from Chase.

Mechanics of money

Introduction Barter system of trade was convenient in the primitive society because production was diversified and subsistence. Only the few commodities that one lacked could be obtained through exchange. However, as time progressed, the society shifted to specialization in the production process.Advertising We will write a custom essay sample on Mechanics of money specifically for you for only $16.05 $11/page Learn More This necessitated for the need for an accepted medium of exchange to use for purchasing needed product and services. Anything commonly used as a medium of exchange is called money (Ashby 1). Money is a sensitive item in the economy and should therefore be controlled. If its supply is increased, people will buy in large amounts. During these conditions, orders will surpass the production leading to increased prices. As a result, there will be a sustained raise in the average level of prices, a condition termed as inflation. If the supply of money is low, people will not buy much. As a result, there will be more inventories. This condition will force some business to lay off some workers leading to unemployment. To encourage sales, some business will lower prices of their commodities leading to deflation. As a result, there will be a sustained drop in the total output of the nation’s producers, which is a condition called recession (Ashby 2). The Kinds of Money Anything can be used as money. Notes and coins are the currency that has been authorized by the government to be used as money. Another kind of money is the checking account balances. Checking account balances involves the use of checks, which are not money. If check were to be counted as money, it will mean that the balance portion not written on the face of the check is forgotten.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Debit cards, stored-value cards , smart cards, electronic funds transfer, web-based payment system, and credit cards cannot be considered as money and neither can they substitute money. Instead, they used in place of checks (Ashby 4). Coins, notes, and checking accounts balances are considered as money only if they are included in the measured money supply. If payments for the products and services are substituted with direct transfer of ownership of savings certificates, the saving certificates will be considered as money. The US Money Supply The money supply of the United States includes the coins and paper currency apart from the amounts in the vaults in the banks, Federal Reserve banks, and the treasury. It also includes the checking account balances for the USA dollar apart from those owned by United States treasury and domestic banks. This can be represented by an equation bellow M = CC + CA Where M is the money supply, CA the checking account component, and CC the coins and currency. From the equation, any activity that increases CC and CA increase the money supply and vice versa. The Federal Reserve banks, banks, and the treasure of US are the only entities with legal powers to create money.Advertising We will write a custom essay sample on Mechanics of money specifically for you for only $16.05 $11/page Learn More The money they create and release are the only money accepted as money. This implies that dollars owed by the bank, Federal Reserve System, and the US treasury are not money. The supply of money can only be useful if it rises when there is a lot of money available for public spending and when it falls when there is little money for the public to spend. This scenario implies that a deposit of $2000 into an account will increase CA by $2000 and at the same time reduce the CC leaving M unchanged. This implies that the bank is a store that sells cash and checking account balances. On top of that, the bank also sells financial assets such as, certi ficate of deposits and loan checking account balance. Velocity of Money (V) Velocity of money refers to the average number of times a similar dollar is spent in a year for purchasing domestic output only. This velocity is determined by the people through the spending, earning, and saving behaviors. If money spenders spend it quickly, the velocity is increased and vice versa. On average, the Velocity of the US dollar is about 7.25. However, this figure seems less because of some factors such dollarization, limitation of V to domestic purchase, and little amount of money circulating in domestic market (Ashby 11). The velocity of money is allowed by the Federal Reserve System because it aids in determine the amount of money the economy needs. The total expenditure on the current domestic output cannot exceed the quantity of money multiplied by its velocity in one year. Money Producers and Regulators The money creation system of the United States is a three-tier system consisting of the treasury department, the Federal Reserve System, and the banking system. They are explored bellow.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More US Treasury Department The treasury is a department within the executive branch of the federal government concerned with the management of the financial affairs of the government. This department has an internal revenue service responsible for the collection of taxes and borrowed funds from treasury bills, which is used for settling its bills. The treasury is also responsible for the operation of the mint and the bureau of engraving and printing the US’s currency. The coins and notes mint by these agencies are not yet money and thus cannot be spend by the federal government. They are instead sold to the Federal Reserve banks for purchase by US’s banks. The whole process leads to a modest increase in the supply of money. The Federal Reserve System This is a specialized institution mandated with the task of stabilizing and controlling the money and banking system of the United States. Its operation is independent of the congress. This system was created following the fin ancial crisis of early 1990s (Ashby 18). It has twelve Federal Reserve banks that are owned as private corporations whose stock is owned by banks in their region. Functions The federal system regulates the size of the supply of money through manipulation of data on the same. It also serves as banks for the federal government whereby it maintains the checking accounts for the federal government. The Federal Reserve Bank further acts as a banker for foreign government and international agencies. This bank further works in conjunction with other regulatory agencies that are actively involved in the currency regulation, so as to ensure that all players within this industry operates within the required regulations. Banks Banks are institutions which offer transaction accounts whereby check or related instruments can be drawn to make payments. Traditional institutions subsuming commercial banks, savings associations, and credits unions are regarded as banks. The establishment of banks is ascertained by a charter after certify that the need for the same and the qualification of the institution. Since money is created through the banking system, the Federal Reserve System has to regulate the banking activities within the State. The depository institutions deregulation and monetary control act of 1980 streamlined the banking system by giving the federal government full control over all banks Banking Supervision and Deregulation Although banks are business entitled for profit making through their own goals, they are carefully regulated. The regulation is for several reasons. They include protecting depositors, stabilizing the monetary system, for protecting the consumer, and to check on the efficiency and competitiveness. They are discussed in details bellow. Depositor Protection Majority of the banking services are accessed through an account. When one opens an account with the bank, he deposits some money into the same and thereby becoming a creditor to the bank. Howe ver, the customer is exposed to default risk because the bank may fail to honor withdrawal request. This may happen when the banks become insolvent. Thus supervision guards the customer from the same. Monetary System Stability Financial transactions involve different instruments like checks, credit cards, cash machines among many. For effective functioning of the same, they need to be accurate, efficient, and fast (Ashby 22). Given the bulky nature of the transactions, supervision is done to enable their smooth operations. Efficient and Competitive Banking System Efficient operation of banks is aided by healthy competitions. Banks compete on various fronts such as interest on loans and efficiency of the services offered. In a market where banks are too many, it may not be possible for some banks to realize economies of large scale. This calls for regulation to check on the same. Also, regulation is extended on the competition between banks and institutions offering loan-able funds t o ensure that the competition is smooth and healthy. Consumer Protection Regulation and supervision is done on banks to ensure that they do not discriminate the public and at the same time to ensure that the public is protected from unscrupulous traders. Principle Regulators There are some agencies that have been given powers to regulate and supervise all banks. They bear the ability to levy fines, suspend or remove bank officials, issue cease-and-desist orders, and revoke charters. In order for uniform regulations, Federal Financial Institution Examination Council was created by the Congress in 1978 for these purposes. This council draws its membership from the following organs: Office of the Comptroller of the Currency, Federal Reserve System, Federal Deposit Insurance Corporation, Office of Thrift Supervision, National Credit Union Administration, and State Banking Agency. The Treasury and the Money Supply Taxes and Loans from the Public The management of the money of the nation is under the professional hands of the Federal Reserve System. This means that the treasury performs its activities with minimal effects on the credit market and money supply. Therefore it (the treasury) has created tax and loans accounts in all banks. In the event of paying government bills, the treasury transfers some of the money from the loans account to the nearby Federal Reserve Bank. This mean that banks loses similar amount of money hence reducing their loaning kitty. However, this is restoring by making a bill of payment. The treasury writes a check that is taken by the banks, which in turn demands for compensation for the face value from the Federal Reserve Bank. In this way, the banks would have restored their loanable amount. This process can be illustrated bellow. BANK FEDERALRESERVE Assets Liabilities Assets Liabilities Treasury gets revenue from taxes or bonds Checking account balances reduces by $2000 Treasury tax and loan account increases by $2000 Tre asury transfers funds to the federal reserve bank Bankreserve account reduces by $2000 Treasury tax and loan account reduces by $2000 Bank reserve account reduces by $2000 Treasury checking account increases by $2000 Treasury spends the funds Bank reserve account increases by $2000 Checking account balances increases by $2000 Bank reserve account increases by $2000] Treasury checking account reduces by $2000 From the table, it can be seen that the government receives money for the tax or sale of bonds and spends them without a tilt on the bank reserve or money supply. It should be noted that if the dates for tax receipt and floating of bonds doe not coincides, the nation will suffer a credit crunch. However, the utilization of tax and loan accounts avoids such happening. The expenditure by the federal government, which is drawn for tax and bonds, does not affect the supply of money in the bank’s reserves because the same is replenished by sell of bonds and payment made by the government. Coins and Currency Creation The treasury is in charge of the US mint, which is used for manufacturing the US coins. It is headquartered in Washington DC. The treasury is also in control of the Bureau of engraving and printing, which prints the paper currency. The notes are sold for a cost while the coins are sold for their face value to the 12 Federal Reserve banks. The printed notes and coins are not yet money until they go into circulation. They can only go into circulation after the reserves in the banks runs low, prompting purchase of new ones. The process is illustrated in the table below. BANK FEDERAL RESERVE Assets Liabilities Assets Liabilities Treasury sells cash to the federal reserve system Cash increases by $5000 Treasury checking account increases by $5000 Federal reserve sell cash to the bank Cash increases by $5000 Bank reserve account reduces by $5000 Cash decreases by $5000 Bank reserve account reduces by $5000 Customer withdraws the cash Cash decreases by $5000 Customer Checking account balances decreases by $5000 Treasury spends revenue from sale of cash to the federal reserve Bank reserve account increases by $5000 Customer Checking account balances increases by $5000 Bank reserve account increases by $5000 Treasury checking account decreases by $5000 For the case of torn or deformed coins and notes, replacement is done without increasing or decreasing the amount. If the bank lends to the treasury, the following table illustrates the situation BANK FEDERAL RESERVE Assets Liabilities Assets Liabilities Treasury borrows Treasury bonds increases by $5000 Treasury tax and loan account increases by $5000 Cash increases by $5000 Treasury checking account increases by $5000 Treasury transfers funds Bank reserve account reduces by $5000 Treasury tax and loan account decreases by $5000 Cash decreases by $5000 Bank reserve account reduces by $5000 Treasury checking account increases by $5000 Tr easury spends funds Bank reserve account increases by $5000 Customer Checking account balances increases by $5000 Bank reserve account increases by $5000 Treasury checking account decreases by $5000 If the Federal Reserve lends o the treasury, the following scenario will arise BANK FEDERAL RESERVE Assets Liabilities Assets Liabilities Treasury borrows Treasury bonds increases by $5000 Treasury checking account increases by $5000 Treasury spends funds Bank reserve account increases by $5000 Customer Checking account balances increases by $5000 Cash decreases by $5000 Bank reserve account increases by $5000 Treasury checking account decreases by $5000 Work Cited Ashby, David. Mechanics of Money. Monmouth: Western Oregon University Press, 1996.Print. This essay on Mechanics of money was written and submitted by user Guillermo Y. 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.

Beverly lowry essays

Beverly lowry essays Beverly Lowry, Her Dream of Dreams: The Rise and Triumph of Madam C. J. Walker, [New York: Alfred A Knopf, 2003], 481pp. Beverly Lowry, the author of Her Dream of Dreams, grew up in Greenville, Mississippi, but was born in Memphis, Tennessee on August 10, 1938. Lowry is the author of six novels and two nonfiction books. Lowry is also the director of the Creative Nonfiction Program at George Mason University. She currently resides in Washington, D.C. Beverly Lowry became interested in Madam C.J. Walkers story when she considered doing a novel authorized by the estate of Alex Haley. Lowry purpose for writing the book on Walker was to filter out Walkers thinly documented story and frame it into the roiling race relations of her day. The theme of this book is the life of Madam C.J. Walker. It discusses her road to success in becoming one of the first women of any race to be a millionaire. The historical period the book relates to is the Age of Progressivism. Born Sarah Breedlove on December 10, 1867, Madam C.J. Walker grew up the child of freed slaves, Owen and Minverva Breedlove, on a plantation in Delta, Louisiana. Walker lost her parents at the age of seven, and married for the first time at the age of fourteen. At the age of seventeen, Walker had her first and only child, Lelia. By the age of twenty she was a widow, but married twice again, the last being Charles Joseph Walker. Breedlove went on to adopt his name in 1906, later adding the title Madam, which was custom for woman in business. Wanting a better life for her daughter, as well as, herself, Madam C.J. Walker moved to St. Louis and continued work in the laundry business. With the money she made, she sent Lelia to school to get that education she never received. After working for eighteen years she got to see her daughter graduate from high school and go to college. Madam Walker claim to fortune, was prompted by Walkers hair fall...

Curfews for teenagers Essay Example | Topics and Well Written Essays - 250 words

Curfews for teenagers - Essay Example Many of the drug abuse activities such as drinking of alcohol and smoking of cigarettes occur during the night at concerts and night clubs. Restriction of teenagers from staying out late at night prevents them from getting access into such areas. This curfew also helps in reducing the occurrences of premarital sex. Many of the premarital sexual activities between the teens occur during the night on events such as prom nights. The premarital sex between the teens has many consequences such as unwanted pregnancies, transmission of sexually infected diseases and emotional distress. Some people argue that curfew for teens are inappropriate and should not be practiced. Not imposing curfew for teens enables teenagers to be responsible for their actions and decision right from a tender age. This equips teenagers with the right behavior and qualities to put through their college lives. Despite this argument, it is still evident that curfew for teens is essential since it safeguards the teenagers who are not able to make right decisions for themselves due to their tender age (Thompson,