Premium Essay

Economic Distress

In:

Submitted By kchelouati53
Words 502
Pages 3
Karim
Chelouati
GEOG 4082
Exam 2 Growing debt vs. Dollar Hegemony

The economic strength that the U.S achieved to reach Dollar hegemony has led us to gradually veer off into increasing the country’s current account deficits and large debt. It is becoming clear that the current massive U.S debt is directly connected to the Dollar’s hegemony and directly tied to the development of the financialization in the U.S. As a reserve currency fulfills world needs and has the function of a domestic currency, the favored country can build up debt for an extended period of time on a scale that would destroy any other country's currency. But this advantage has two sides to it.

The dollar hegemony has allowed the U.S economy to decline quietly under the radars due to its ability to print money freely, which in turn has allowed the U.S fiscal and trade deficit to climb steeply in the past decade at an alarming rate. Globalization with the Dollar dominance took part in undermining the U.S manufacturing power and shifting America’s economy into a financialized direction. The dollar is held so massively in the world by so many countries in the world that it gives the U.S a great leverage to print more money without worrying about inflation as much as another nation engaging the same behavior. But lately the massive printing and lack of investment venues associated to all those dollars has been catching up and draining our possibility financialization expansion to go into new innovative directions.

The U.S has so much debt due to printing so many Dollars to fulfill the world’s need in holding those dollars as a reserve to have a future cushion in case of an economic downturn, and also in order for the U.S to keep up with its title as the world’s consumer. This behavior is very hurtful to the dollar because all this printing

Similar Documents

Free Essay

Papers

...Cold day mid December, winter just begin to get into its full form. Randy, Allen and Nick decide that they wanted to do something a little adventurous and to remember. Since graduating high school is only five months away randy being the lean on me type of guy that he is made a call to his fellow wing mates. Upon answering their cell phones hi Allen randy said is nick around he ask, yes he said he sitting right here with me. After finding that out randy explain to the guys how he have been planning a hiking trip up the hills in Athens, Georgia. Allen and Nick thought that this was exciting because they have always talked about doing something like this before taking off to college. These guys threw out most of their middle school and high school lives have been seen as predictable. The one thing the guys didn’t know because you could never predict the future is that life itself was about to come at them full circle. Neither of these young man had ever done anything outside of their hometown of Columbus Georgia. This would be the last time these guys would have the chance to do anything together. The guys woke up early Thursday morning and met up meet up at randy house considering that they all lived miles apart form each other. The guys lay out the plan of getting to the hills early enough so that they can pitch their tents and head into the mountains. Nick, Allen and randy plans were to hit this hiking trip and be back home Saturday to spent Christmas with their family. The guys...

Words: 955 - Pages: 4

Premium Essay

Unhappily Ever After

...Short Story – Cultural Analysis Group Names: __________________________________ Unhappily Ever After – Fractured Fairy Tales __________________________________ __________________________________ “A & P” by John Updike (1961) 1. Describe the narrator’s (Sammy’s) attitude toward women. List the words he uses to describe the young women. Then list the words he uses to describe the older women. * Young Women: * Words/Phrases: * Attitude: * Older Women: * Words/Phrases: * Attitude: 2. Describe the narrator’s (Sammy’s) attitude toward his job. List the words he uses to describe the store, Stokesie, and Lengel. * Store: * Stokesie: * Lengel: * Attitude: 3. Do you like the narrator or not? Explain. 4. Do you think the girls meant to cause trouble by entering the A & P in their swimsuits? What evidence is there to support your opinion? 5. Towards the end of the story Sammy quits his job. What statement is he trying to make? Does he succeed? 6. In the last line of the story Sammy says he now knows that the world will be hard for him from that point forward. Do you think he’s right about his unhappily ever after? What does he realize about the world of 1961 that makes him come to this conclusion? Short Story – Cultural Analysis Group Names: __________________________________ Unhappily Ever After – Fractured Fairy Tales __________________________________ ...

Words: 396 - Pages: 2

Free Essay

Christabel Creative Essay

...Christabel, Part III (in fairy tale format) Bracy the bard stood silently, stunned by Sir Leoline’s dismissive and fleeting regard for his warning, albeit a warning that came in a dream. Sir Leoline was never one to question Bracy’s sense, for his sense was always good and accurate. ‘They should not leave today, they should postpone immediately,’ thought Bracy. But that was simply no longer an option. Sir Leoline had made up his mind, it appeared, and there was no changing it. To have led Geraldine away, leaving his beloved daughter Christabel in a puddle of tears and emotional turmoil on the cold castle floor, despite her pleas, was strange behaviour on his part. ‘Something was amyss,’ thought Bracy. Sir Leoline’s behaviour was surprising, for Christabel was the one person Sir Leoline would do anything for. She was his only daughter, and the only living reminder of his dead wife that he so adored. ‘Something terrible is looming over the castle,’ thought Bracy, but he did not know what. Bracy led a wailing Christabel to her bedroom, shaking his head. Moments passed, and Sir Leoline and Geraldine were walking through the castle. Geraldine stopped Sir Leoline suddenly, sobbing quietly. She turned to Sir Leoline and looked deep into his eyes. Her eyes turned snake-like and glared. Sir Leoline did not appear to notice, but only seemed mesmerized. Geraldine began to speak, and expressed her regret for having caused Christabel to act so wildly. ‘I want nothing more than the best for...

Words: 1267 - Pages: 6

Premium Essay

Ways Women Are

...Hwang 1 Jenna Hwang Somin English 1A 18 September 2013 Ways Women Are There were specific views on women of how they were supposed to act to what they were supposed to do with their life. It’s always been this idea that women are the “damsel in distress” in desperate need of saving from a certain “prince charming”. Throughout the years those views have altered quite a bit. Not only are they beautiful and elegant, they are now also powerful while possessing the ability to control their future. As I was growing up, Disney movies and certain people in the media molded my judgment on women in both positive and negative ways. The princesses and actresses showed me how women can be the “damsel in distress”, weak and only necessary for preparing food and bearing children; the “heroin”, powerful and independent; the “eye candy”, a distraction or an object purely for the pleasure of men; and naturally the “Lady”, the superior females who have the positive aspects of both the “eye candy” and “the heroin”. When I was a child the only movies I watched were the classic Disney movies. Those princesses were the female role models that I looked up to. They were always so beautiful with great talent. No matter how horrible the environment in which the princesses grew up, they were always humble and kind to anyone and everyone. On the contrary, some people even say that they are naïve or too nice and that they would have gotten taken advantage of easily if girls were like that in the real...

Words: 933 - Pages: 4

Premium Essay

Roy Bickford V. Onslow Memorial Hospital Foundation, Inc., (Me. Sjc.Saufley.2004)

...TITLE Roy Bickford v. Onslow Memorial Hospital Foundation, INC., (Me. SJC.Saufley.2004) FACTS Bickford and his ex-wife agreed in their separation agreement that each would be responsible for their respective debts as of August 18, 1998. Around September 1998 Bickford’s former stepdaughter received medical treatment from the Onslow Memorial Hospital (in NC), Bickford was billed and when he refused to pay for such treatment was held responsible for it. When Bickford was denied a mortgage due to a negative balance resulting from the medical treatment he contacted the hospital and tried to straighten up his record, but the hospital refused to do so. Bickford sued the Hospital for interference with an economic advantage and intentional infliction of emotional distress. However the hospital wants to dismiss complain because they claim that Maine has no personal jurisdiction over the hospital. Bickford opposed to this motion. After the high court confirmed two of the three traditional factors, they established that Maine protects its residents from harmful negative credit reports inside or outside Maine’s boundaries. ISSUE Should the hospital’s dismissal be allowed or denied? RULE: In order for Maine to have jurisdiction over a nonresident defendant certain conditions must be satisfied. 1) Maine has to have a legitimate interest in the subject matter of this litigation. 2) The defendant could have anticipated litigation in Maine. 3) The exercise of jurisdiction by Maine’s courts...

Words: 333 - Pages: 2

Free Essay

Legalizing Marijuana

...illegal, yet alcohol and tobacco are available and regulated? There are many people that support the claim that marijuana is unhealthy and dangerous. There are many who think we need to keep drugs illegal to protect our society from the addictions and diseases that they cause, however this is impossible because we have alcohol and tobacco that is sold in every store. Therefore, these arguments are not consistent with the fact that the two most deadly drugs in U.S. are legal. Alcohol and tobacco have been labeled as more addictive and harmful than marijuana, yet readily available. According to researched done by the Journal of the American Medical Association (JAMA, 1996), alcohol abuse increases the risk of developing acute respiratory distress syndrome (ARDS). The National Institute of Health also suggests that there may be a connection between alcohol consumption and increased risk for cancer (NIH, 2012). Similarly, the Center for Disease Control (2012) reports that nicotine, the active chemical in tobacco, is...

Words: 843 - Pages: 4

Free Essay

Medical Surgical Nursing

...00_078973706x_fm.qxd 1/14/08 2:42 PM Page i NCLEX-PN ® SECOND EDITION Wilda Rinehart Diann Sloan Clara Hurd 00_078973706x_fm.qxd 1/14/08 2:42 PM Page ii NCLEX-PN® Exam Cram, Second Edition Copyright © 2008 by Pearson Education All rights reserved. No part of this book shall be reproduced, stored in a retrieval system, or transmitted by any means, electronic, mechanical, photocopying, recording, or otherwise, without written permission from the publisher. No patent liability is assumed with respect to the use of the information contained herein. Although every precaution has been taken in the preparation of this book, the publisher and author assume no responsibility for errors or omissions. Nor is any liability assumed for damages resulting from the use of the information contained herein. ISBN-13:978-0-7897-2706-9 ISBN-10: 0-7897-3706-x Library of Congress Cataloging-in-Publication Data Rinehart, Wilda. NCLEX-PN exam cram / Wilda Rinehart, Diann Sloan, Clara Hurd. -- 2nd ed. p. cm. ISBN 978-0-7897-3706-9 (pbk. w/cd) 1. Practical nursing--Examinations, questions, etc. 2. Nursing--Examinations, questions, etc. 3. National Council Licensure Examination for Practical/Vocational Nurses--Study guides. I. Sloan, Diann. II. Hurd, Clara. III. Title. RT62.R55 2008 610.73'076--dc22 2008000133 Printed in the United States of America First Printing: February 2008 Trademarks All terms mentioned in this book that are known to be trademarks or service marks have been appropriately...

Words: 177674 - Pages: 711

Premium Essay

Gm: Running on Empty? - Solutions

...GM: Running On Empty? 1. The sign of GM’s impending financial distress is first seen in 2005. GM reported a net loss of more than $10 billion and has continued to post annual losses since that time with losses reaching almost $31 billion in 2008. GM's cash flow from operations in 2005 was a negative $16.8 billion. Reviewing GM’s stock price, we can see that the stock price also decreased dramatically started in 2004 to 2008. In 2005, GM’s stock traded around $19 per share and reached the lowest of $1.45 per share on March 2009. 2. Auditors are required to consider evidence obtained and accumulated throughout the audit and make an overall evaluation as to whether substantial doubt exists with respect to the ability of the client to continue as a going concern for a reasonable period of time not to exceed one year beyond the date of financial statements. Factors that auditors should consider in evaluating potential going-concern uncertainties are: Negative trends, including recurring operating losses, working capital deficiencies, and negative cash flow from operations. Indications of financial difficulties, including default on loans, denial of trade credit from suppliers, restructuring of debts, or arrearages in dividends. Internal matters, including work stoppages or substantial dependence on the success of a particular project or activity. External matters, including legal proceeding; loss of a key franchise, license, or patent; or loss of a major customer or supplier...

Words: 817 - Pages: 4

Free Essay

Nursing Interventions for Reducing the Stresses

...inability to communicate verbally. These stressors can cause non-favorable effects such as increased anxiety levels which can subsequently lead to somatic reactions such as tachycardia, dyspnea, increased blood pressure and patient-ventilator dyssynchrony. Prolonged anxiety levels can also induce psychological effects such as increased fear and inhibitions. This can ultimately affect the patient’s overall capacity to cope with difficult emotions and situations (Richart-Martinez & Perpina-Galvan, 2009). These effects can lead to the need for more sedation which can hinder weaning attempts. The longer a patient is mechanically ventilated the greater the risk of developing Ventilator Associated Pneumonia, (VAP), and Adult Respiratory Distress Syndrome (ARDS). VAP is a pneumonia that develops 48 hours or longer after mechanical ventilation. It results from the invasion of the lower respiratory tract and lung parenchyma by microorganisms. Intubation compromises the integrity of the oropharynx and trachea and allows oral and gastric secretions to enter the lower airways. ARDS is a life-threatening lung condition that prevents enough oxygen from getting into the blood. The purpose of this study is to evaluate the effectiveness of stress reducing, non-pharmacologic interventions on mechanically ventilated patients when used in conjunction with pharmacologic interventions to decrease overall anxiety. Research efforts of...

Words: 1268 - Pages: 6

Free Essay

Operations Management

...Richard J. Meadows Bellevue University MBA 626, T303, Operations Management Field Exercise 20 May 2012 Overview Kinetic Concepts, Incorporated (KCI) headquarters is located in San Antonio, Texas. They have been in business since 1976 and have operations in the United States, Austria, Germany, United Kingdom, Denmark, France, the Netherlands, Switzerland, Sweden, Italy and Canada with a total of 2,106 employees world wide. Kinetic Concepts developed therapeutic healing systems that address conditions such as skin breakdowns, circulatory problems and pulmonary complications with immobility. They are the international leader in providing specialized hospital equipment to speed recovery in immobilized patients. KCI has state of the art products ranging from surfaces that help burned skin heal, machines that speed wound recovery and mattresses that turn patients automatically. They have worked on well known patients like Christopher Reeves and Boris Yeltsin. Interview Date and Location The interview and visit was conducted on Friday, 20 April 2012, 0900 – 1500 hours with Mr. Adams, District Sales and Government Contracts Manager located in Seattle, Washington. During my visit Mr. Adams introduced me to his staff, gave me a tour of their facility, set up and performed operations from the call center to the maintenance and cleaning of their products when returned to the company. I was even treated...

Words: 1474 - Pages: 6

Free Essay

What Is Psychology

...Industrial/Organizational Psychology Paper PSY/435 December 12, 2011 Neva Wilson Industrial/Organizational Psychology Paper Evolution of Industrial/Organizational Psychology The history of industrial/organization psychology originated in the twentieth century. Experimental psychologists were the first to engage in I/O work. Their main purpose was applying the new principles of psychology to problems in organizations. Two of these experimental psychologists were Hugo Munsterberg and Walter Dill Scott. These two psychologists would be credited as being the main founds of I/O Psychology. Both of these experimental psychologists were university professors who became involved in applying psychology to problems of organizations. An engineer by the name of Frederick Winslow Taylor would have a major influence on the I/O field. Taylor studied employee productivity and developed an approach which he would later call "Scientific Management." Taylor used scientific management to handle production workers in factories. This approach included four principles which would guide organizational practices. Today, his same ideas are still used. Furthermore, two more individuals had an influence on the engineering side combined with psychology. A married couple, Frank and Lillian Gilbreth, studied how individuals perform tasks by combining engineering and psychology. The Gilbreths devised the time and motion study. This incorporated measuring and timing people’s motions in doing tasks...

Words: 416 - Pages: 2

Premium Essay

Intentional Tort Paper

...Name Kaplan University PA165 – Unit 3 Assignment November 30, 2014 FACTS: Leroy McPhillen was visiting The Bottom’s Up Pub, a place he frequented often, when an inebriated man named John caused a commotion by yelling obscenities at a woman sitting at a table near Leroy. Though the woman ignored the man’s shouting the man began to approach her in an aggressive manner. Mr. McPhillen stopped the man before he reached the woman’s table and invited him for a drink at the bar. The man refused, telling Mr. McPhillen that he should mind his own business, and grabbed the woman by her wrist. It was then that Mr. McPhillen twisted the man’s other arm behind his back carefully and restrained him with a neck hold. John ordered the man to release him, but Mr. McPhillen refused his request to release him. Mr. McPhillen then seated John firmly in a chair and ordered him to remain seated or he would punch him. It was after this that the woman informed Mr. McPhillen that John was her husband. ISSUE: (1) Which intentional torts were committed and (2) what are the defenses available to the tortfeasors? Short answer: John and Leroy are both guilty of committing intentional torts. However, both parties have arguable defenses. More information is needed in regards to the events that took place prior to the man assaulting the woman and the amount of time that John was confined by Mr. McPhliien. Prior to determining the appropriate statues and the defenses each party may present...

Words: 1129 - Pages: 5

Premium Essay

Concept Map

...diagnoses. If the diagnoses are unrelated, state that. The impaired gas exchange and impaired physical mobility are directly related to the patient’s diagnosis of DVT and PE. The risk for bleeding is correlated because of the heparin drip needed for the treatment of PE and DVT. | Priority Nursing Diagnosis: Goal, Outcomes, Interventions and Responses Priority Nursing Diagnosis Impaired gas exchange r/t decreased pulmonary perfusion aeb c/o SOB with any exertion, pain with deep breathing, and decreased O2 saturation with ambulation. Expected Outcomes (measurable)       INTERVENTIONS | CLIENT RESPONSE TO INTERVENTIONS | INSTRUCTOR FEEDBACK | 1.) Maintain client on bed rest to reduce oxygen demands during acute respiratory distress; increase activity gradually as allowed and tolerated2.) Maintain oxygen therapy as ordered3.) Perform actions to...

Words: 493 - Pages: 2

Premium Essay

Sim Prep

...Assessment: Vital Signs: HR 82, BP 124/75, RR 14, SPO2 98% on 36% tracheostomy collar, T 99 Cardiovacular: Normal sinus rhythm Respiratory: Breath sounds with ronchi bilaterally; equal expansion, trach tube intact, and insertion site clean and dry. GI: normal bowel sounds, PEG tube intact dressing dry GU: WNL Extremities: equal bilaterally, strong peripheral pulses Neurological: Alert and oriented to time, place and person, pupils equal and reactive to light and accommodation Pain: no complaints of pain Learning objectives * Perform assessment on the patient * Demonstrates appropriate tracheal suctioning techniques, including ongoing assessment of respiratory status * Intervenes appropriately to resolve acute respiratory distress in patient with tracheostomy Preparation questions: 1. What are some of the indications for a tracheostomy? * Prolonged intubation during the course of a critical illness * Severe neck or mouth injuries * Long term unconsciousness or coma, * To maintain an airway where the ability to do this via normal mechanisms is temporarily or permanently compromised * To facilitate longer-term respiratory support such as mechanical ventilation or...

Words: 630 - Pages: 3

Premium Essay

Intentional Infliction of Emotional Distress

...MEMORANDUM RE: Intentional Infliction of emotional distress Relevant Facts George worked for the Charlotte Bobcats based in Charlotte, NC. George has a contract that guarantees his employment with the Bobcats for a period of 5 years. Jerry, who is George’s boss, wants to get rid of him NOW. Jerry resolves to using tactics to make conditions with the Bobcats uncomfortable for George to entice him to quit. George eventually quits after Jerry turned off his air conditioner in mid-July and convinced others to not speak to George. Jerry also tapped George’s phone and played his personal conversations over the loud speaker. George sues Jerry for Intentional infliction of emotional distress. Issue Presented Under North Carolina Law, is George entitled to compensation based on the relevant facts of what Jerry did to force him to quit or did he fail to prove according to Jerry an adequate basis for liability. Rules In Watson v. Dixon, 130 N.C. App. 47 (1998), Sarah Watson sued Bobby Dixon and Duke University for intentional infliction of emotional distress. A claim for intentional infliction of emotional distress exists “when a defendant’s ‘conduct exceeds all bounds usually tolerated by decent society’ and the conduct causes mental distress of a very serious kind. Watson claimed Dixon made lewd sexual comments, touched her and engaged in inappropriate conduct over a period of several months. Duke University is a defendant because they failed to reprimand...

Words: 633 - Pages: 3