Running head: The Economy, Monetary Policy, and Monopolies The Economy, Monetary Policy, and Monopolies Shalanda Massenburg Professor Lloyd Amaghionyeodiwe ECO100 December 4, 2012 Analyze the current economic situation in the U.S. as compared to five years ago. Include interest rates, inflation, and unemployment in your analysis. The United States is the most advanced countries in the world. There has been a downfall in the number of houses being sold; interest rates have hit rock bottom, and a record weakening in the federal budget balance. All this is due to the downward fall in the economy.
This dire statistic earns Dyers County the title of the eight highest unemployment rate for counties in the state of Tennessee. Due to the overall downturn in the nation’s economic status the effects of the recession can easily be seen in Dyer County—numerous empty buildings that once housed small businesses and a number of home foreclosure sale signs in the yards of now empty residences. The annual median income for Dyer County residents is $32,788, and the median income for a family is $39,848. “Males had a median income of $31,182 versus $21,605 for females. The per capita income for the county was $16,451.
America is ranked as the 10 richest countries in the world with a GDP of $ 47.000 per capita and should be characterized as a welfare state. Yet, Approximately 87 million people are without health care insurance and another 25 million are underinsured (www.cnnmoney.com). This implies that millions of people are living without access
Figure 3 shows the changes of global economic power over time. There are many reasons for the shifts in economic power such as the Second World War and the collapse of the British Empire. In 1913, Britain had a GDP almost twice the size of The USA's and made up 37% of the world's economy. By 1950, Britain's economic influence had decreased, its GDP now making up only 7% of the global economy. During this period The USA had become the world's largest economic power, making up 27% of the world's economy compared to the 19% in 1913.
| Patterson-uti energy(Nasdaq: pten) | BUY | EPS (2012) = $2.50 | Target Price (2012): $28.00 | P/E (ttm) = 8.53 | Qualitative Risk Assessment:Above Average Risk | | Report Date | March 28, 2012 | | Recent Price | $17.55 | | 52-Week Range | $15.06 – $34.09 | | 52-Week %Δ | -55.82% | | Avg. Vol. (3m) | 4.102,740 | | Shares Out. (mrq) | 183,295,000 | | Sector | Basic Materials | | Industry | Oil & Gas Drilling & Exploration | Investment ThesisPatterson-UTI Energy, Inc. (PTEN) is the second-largest land-based oil and gas drilling and exploration company in North America. Patterson operates within three business segments: Contract Drilling, Pressure Pumping and Oil and Natural Gas Exploration and Production.
A decrease in personal income creates a slump in consumer splurges, spending that drives two-thirds of the economy (mckinsey.com, 2009). The longer a recession lingers the more impact it has on companies. Retailers had been hit hard and several well known brands have gone out of business or downsizing. Retail Traffic an industry publication, reported 3,000 stores closing in 2011 was down from 5,000 closed in 2010. However, the battle is not over.
It is also contributed to United States oil industry by seventeenth percent of produce oil, as said by (Pam Barrett pg. 43) “Oil is by far the largest of Alaska’s industries”, and (R. Warren Anderson ) “Former Secretary of the Interior Gale Norton summed up its success in 2003 that Today the pipeline produces 17 percent of our domestic petroleum. It has pumped nearly 14 billion barrels of oil and $400 billion into our economy”, it gave jobs for several thousand people, Alyeska workers and sub-contractors. The pipeline has help Alaska which is the most heavily tax state to the most tax-free state. Alaska has profit more than half of the income from the pipeline has produces and the other profit goes to the United States.
Its nominal GDP was estimated to be over $15 trillion in 2011 (Lindeen, 1994), just about a quarter of nominal global GDP. The economy of the United States is a mixed economy and has maintained a stable overall GDP growth rate, a moderate unemployment rate and high levels of research and capital investment. It has been the world's largest national
According to Iceland, “The poorest 20% of the global population has not benefited much from general improvements. Of the world’s population living in developing and transition economies, 2.8 billion, or almost half, live on less than $2 a day.” There has been an extreme measure of poverty throughout the world that has lead to material and income deprivation across several regions. Sadly among the wealth nation in the world, the United States has a greater proportion of people who are poor. The United States having the highest GNP per capita in the world, at $26,400, has higher levels of both absolute and relative poverty than other rich countries in Northern and Western Europe. This reflects inequality and an uneven distribution (both factors that attribute to poverty) of wealth in
Yeah Australians pay more than Americans for a majority of their products. In Australia's case they have more purchasing power per a citizen then America does by a landslide. Your average Aussie citizen is not nearly as poor as your average American. The national average minimum wage in America is around $6.50 an hour. $9.04 is the highest and 5.15 is the lowest recorded state wage as of January 1st 2012.