Real Estate in America is at an all time low. Is this an advantage or disadvantage to the million os people across the country? Renting versus buying a home is dependent upon an individual’s needs or lifestyle, but is conflicted by the American Dream of self-proprietorship. In the past, renters were most commonly college students or couples saving money to buy there first home. Today millions of people rent expensive homes, condos, and apartments, without an intension to ever purchase a home.
On the other side, the United States government was complained by its domestic industry companies during its recession period since Japanese products was very competitive. The United States also wanted to change the situation of its self and broke the imbalance in the trading and also to recover its own economy. United States claimed that Japan should appreciate yen to change the imbalance and unstable currency status. After the Plaza Accord was signed, an extraordinary asset price boom happened with huge painful impact bust. Japan used to be one of the fastest-growing economies during 1960’s to 1980’s.
Yes, Wal-Mart provides many uneducated Americans with job however it isn’t a job from which can make livable wage. Wal-Mart pays all their employees besides management minimum wage. With prices on the rise like they are today it is hard for a person to live off minimum wage which is currently 7 dollars and 25 cents in New York. Not to mention if you have kids it is virtually impossible to live off minimum wage and if you do it’s an unpleasing struggle. Another problem is that there is no growth in your field if you work at Wal-Mart.
The credit card companies take this nearly free money from the government and loan it out to us as consumers at a 7 percent rate if you have a good credit standing. If you fall under the category of bad credit like most Americans they charge you 18 percent or more depending on your credit standing and how often you pay your bill. Credit card companies are entitled to a fair percentage but not the excessive earnings they receive from charging us the consumers. Lastly the spending habits of Americans are poor because almost all Americans live out of their means. With poor spending habits passed down from generation to generation, and family to family all we learn and know is how to borrow and dig a hole deeper in
Immigration, damaging or helpful? Immigration has been a problem in the United States since before the country was established. Many citizens and politicians claim that illegal immigration is a hindrance to the country’s economy because immigrants take American jobs and that they don’t pay taxes. They also agree that our government spends too much money in keeping them out. People on the other side of this argument claim that immigrants help by taking unwanted jobs with very little pay, and in doing that they are helping keep the prices of domestic goods down across the country.
Furthermore, all companies have capacity to compete. No switching costs and product differentiation raise the degree of competition because it is easy for them to go where the lowest prices are. This characteristic leads to price wars which is present in the industry. Industry growth is the only factor that lowers rivalry – growth is high with few stores opening so companies do not need to compete for market share. Power of Suppliers – Low There is low supplier concentration relative to the industry they sell to and a single supplier does not account for a large part of a retailer’s business.
It was not until the 1980’s that many of the plans established in the 30’s began to dissolve with the help of Congress. With the greed of the 1980’s under Reganomics and Garn-St. Germain Depository Institutions Act 1982 was the most important step leading up to the 2008 financial crisis because it deregulated mortgage lending, allowing "alternative" transactions such as lending with little money down. With the fall of the Berlin wall, patriotism was at its all-time high and so was the housing market. Particularly because of the Garn-St. Germain Depository Institution Act evoked designed to improve affordability by doing so by deregulation of the banks that allowed flexibility with financing that included Adjustable Rate Mortgages (ARM). In the early 80’s home sales fell by half, which meant sales and permits for building home also drop to record lows.
These 80 individuals could be as happy with less than 10% of their money, while the poorest population would immensely improve their quality of life by getting a share of that money. It is no surprise that Gravity Payments is fair with their employees. The whole purpose of the company was actually to help small business to get a better service and less charge from credit card processors. VISA and MasterCard have an immense profit, but offer the best price deals to companies that are as large as they are. Thanks to Gravity Payments, small businesses are now able to get the same benefits in a less bureaucratic and more efficient way.
As a result, the Americans gained control and influence of the remaining assets the British handled in the previous century. British Policy towards the Gulf and Suez Canal Simon Smith’s article about British policy in the Suez Canal and Gulf region takes an interesting perspective on the pressure Britain was receiving from the United States. After WWII, Britain was an economic crisis yet they were still fulfilling their colonial influences in regions that were of great importance for the western world. Oil coming out of the Gulf region provided roughly fifty percent of British and Americas needs for economic development.1 It was essential within certain industries in Britain and America and the loss of influence in the Gulf could be detrimental to western economic systems. Simon Smiths article thoroughly discusses the political banter between British and American officials while also describing the transfer of international influence from British imperialism to the Americans.
Before the first world war had started the Germans over spent and went into a massive deficit because they thought that when the won the war they would inherit the country and its wealth. Therefore this justified the government printing large amounts of money in order to fund their cause. Another cause is the war reparations which they had to pay back was agreed at 60 billion marks in order to pay for this more money was printed, could this mean that it was pressure from other countries that were to blame. Though not the worst hyperinflation ever it did have some of the most devastating effects. In 1914 the exchange rate of the dollar to the pound was $1 to 1mark, by 1923 the exchange rate was $1 to 1trillion marks.