15. The debt debacle in the Euro zone. III. Conclusion J. A brief summary of main points on the 2007 recession.
Opposing Viewpoints in Context. Web. 21 Apr. 2014. Jost, Kenneth.
The Illinois Budget Crisis Creates Fear in Illinoisans 3/18/2010 Business 30211652 The Illinois budget crisis is causing panic and menaces to produce both greater uncertainty and more unemployment as the state becomes one of 10 most troubled economies in the United States (Colindres). At present, the numbers appear at a stagnant 10% for those unemployed. Furthermore, Governor Pat Quinn seems to be using more of the same tactics in 2011 as he did in 2010. The Chicago Sun-Times, on its March 10 story about this crisis, mentions that Quinn’s plan is to issue debt to acquire nearly $5 billion and reduce costs with financial cuts nearing $2.2 billion (Contorno). Not that the Illinois tax payers are to blame, but those tax collections
Archived from the original on July 17, 2012. Retrieved 2012-04-23.] As it had risen to the levels not seen since the Great Depression. [ Leonhardt, David; Fabrikant, Geraldine (March 22, 2012). "Income Inequality".
I seems that the most heavily weighted subject of the auto bailouts is the concern about the enormous numbers of jobs that would be lost if a bailout is not approved. The Nation talks in depth about the dire need of passing a bailout because of job losses, estimating the potential number of those to be unemployed if it is not passed at three million (20). The Pew Research Center actually lays out in detailed numbers the weight that the auto industry carries for employment. This publication states that 1 in 10 jobs rely on the auto industry, equating to 2.3 million Americans, or roughly 2% of the workforce. Although both publications indicate the large number of jobs to potentially be lost, The Pew Research Center article provides much greater clarity of the impact.
Miller, Jerome. “The Prison System Does Not Work.” America’s Prisons: Opposing Viewpoints. Ed. Roman Espejo. San Diego: Greenhaven Press, 2002.
Patel, Bob Herbert’s article “Hiding from Reality” focused directly on Robert. H. Frank’s discussion for “Income Inequality”. In the reading “Hiding from Reality”, author Bob Herbert discussed the hole that the American economy is in now. There is a progressive downfall in our economy that is getting worse and worse by the days. Herbert states that “The unemployment rate is increasing and the U.S job market salary isn’t enough to provide for the average American family”.
A similar logic is deployed around more generic questions of energy policy. Solar and wind power will never catch on because American's will never accept energy sources that are not available "on demand." The idea that people may once again schedule economic and
Perhaps the most widely discussed criticism of Wal-Mart revolves around their high employee turnover rates and the causes of employee dissatisfaction. Namely, Wal-Mart has been accused of utilizing illegal hiring practices, discrimination, and unlivable wage rates. When questioned regarding whether or not Wal-Mart could increase its employees’ wages by $2 dollars, CEO Michael Duke claimed that it would be simply impossible. In monetary terms, we can look at the facts. Wal-Mart reported profits of nearly $15 billion in 2011.
If the output has a lot of defense goods, this would not improve the living standards of the people. In conclusion, GDP does not measure the actual improvement in standard of living or the quality of life of people when