In 1998, the states paid a little over seven dollars a day per inmate for healthcare (Kinsella, 2004). You can imagine that in the last thirteen years, this cost has continued to increase and will only get worse with the aging prison population, the occurrences of communicable disease and
The USA is an extremely big country and in the 1920’s it had a vast amount of resources. There was no need for import of many raw materials. The output of American industry doubled in the 1920’s. Vast quantities of consumer goods were skid in credit, including cars, telephones, radios and fridges. The businessmen and bankers did extremely well during the economic boom as more people were using banks and businesses were booming.
Factories became automated. Machines and other improved manufacturing techniques meant that huge amounts of goods could be made at a fraction of the cost. The age of mass production had arrived. In the decade of the 1920s economic output increased by a staggering 50%. Communications revolution – number of telephone doubled/ number of radios increased from 60,000 to 10 million.
Ford Motor Company The total amount of cash available for Ford to pay their current debts is 26.75 billion dollars in favor of assets. I derived this from Ford’s Assets $202.03 billion and subtracted their liabilities, which was $175.28 billion. I believe that Ford is in good shape due to the total assets the company has received. 202.03B – 175.28B - $26.75B Ford is increasing its investment in operations every year. In 2011 the cash flow from investing activities was 3.04B in 2011, 14.29B 2012, and in 2013 19.73B.
Dick’s Sporting Goods is rapidly growing and achieving things that many people thought would be impossible. This year alone, Dick's Sporting Goods has exceeded expectations with its third-quarter results and they have also pleased their shareholders with its plans to start paying dividends. Dick’s Sporting Goods now operates more than 450 shops across 42 states, along with 81 Golf Galaxy stores in 30 states and they do not plan to stop here. Dick's third-quarter net sales rose by 9.3% from the year-earlier, to almost $1.2 billion, with the help of additional sales from 19 newly opened stores. The company's gross margins went up by 126 basis points, to 29.7%, mainly because of better inventory management and a change in the product mix and selling and administration expenses range in at $274.4 million.
Thanks to Chimerica, US corporate profits in 2006 rose by the same proportion above their average share of GDP.” Basically the more China was willing to lend to the United States, the more Americans were willing to borrow. Chimerica, in other words, is the underlying cause of the surge in bank lending, bond issuance and new derivative contracts that Planet Finance witnessed after 2000. It was the underlying cause of the hedge fund population explosion. It was the underlying reason why the US mortgage market was so awash with cash in 2006 that you could get a 100 per cent mortgage with no income, no job or
Paradox of Affluence Eyanna Harrison PSY/220 – Positive Psychology: What’s Right with Me July 12, 2013 Dikeesha Govan Brown Check Point Researchers use the term “paradox of affluence” to describe the development of America’s relationship of material well-being and psychosocial well-being over the last 40 to 50 years. It gives statistical evidence that material affluence and well-being have gone in opposite directions. Americans have now doubled or tripled their material possessions; such as cars, clothes, TV’s, dining out, etc. and although most American’s are richer and own more material items, they are not happier compared to times of the past. You would tend to think that as you gain material items, which represent a good life,
In that same year the average yearly income for was $750! Present day standards for the yearly average income are 18,500. Henry Ford now would be making around 345 million. The disparity in wealth grew largely throughout 1920 .the number of millionaires increased from 21 in 1920 to close to 15,00 in 1929 . The average disposable Income rose 9% from 1920 to 1929, while the top 1% enjoyed a stupendous 75% increase of disposable income.
The widespread prosperity of the 1920s ended abruptly with the stock market crash in October 1929 and the great economic depression that followed. The depression threatened people's jobs, savings, and even their homes and farms. At the depths of the depression, over one-quarter of the American workforce was out of work. For many Americans, these were hard times. The New Deal, as the first two terms of Franklin Delano Roosevelt's presidency were called, became a time of hope and optimism.
Part A: When we refer back to the 1970s, most people generally think of punk rock, lava lamps, and the hippie movement. However for the economy, it was a devastating economic decade of stagflation, a three day week and the return of unemployment. During this time period according to Dollar and Sense, “From the late 1940s to the early 1970s, the U.S. economy grew at an average annual rate of nearly 4%. The annual unemployment rate only exceeded 6% twice in the 25 years between 1949 and 1973. The annual inflation rate, too, only topped 6% twice, and was actually under 2% for 14 of the 25 years in this period.