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
The median age for the population of Dyer County is 36.5 years of age. Looking back at the US Census report from the year 2000 the population was 38, 335 and has only increased by 765 residents over the last twelve years. This is not indicative of a growing community but of one that is maintaining the status quo. In researching the economic status of Dyer County, it is clear according to an article in the local newspaper, Dyersburg State Gazette dated November 1, 2011 that the unemployment rate for the county is 13.7 percent. This dire statistic earns Dyers County the title of the eight highest unemployment rate for counties in the state of Tennessee.
3. Considering the economic systems of your chosen countries, which country do you think would be the most open to trade with the United States and why? Japan would be the most open to trade with the U.S because Japan’s economic freedom score is 72.8 making its economy the 22nd freest in the 2010 index. its score is 1.2 pts lower than last year, with a particularly significant decline in the control of government spending. Japan is ranked 7th out of 41 countries in the Asia-Pacific region.
In 2000, nine of every ten dollars raised by foreign companies were raised in the United States. In 2005, nine of the ten largest offerings were not registered in the United States, and, of the largest twenty-five global offering, only one took place in the US. The number of public companies going private increased from 143 in 2001 to 245 in 2004. Sarbanes Oxley is a, if not the, major reason companies are fleeing America’s capital markets. Furthermore, according to some estimates, Sarbanes Oxley has cost the very investors the law claims to protect at least $1.4 trillion.
Have we ever had a middle class or poor president? It turns out we have, and some that have even gone bankrupt. After adjusting for inflation, the two wealthiest presidents in American history where George Washington and John F. Kennedy. Washington was worth over a half a billion dollars in today`s money. And his presidential salary was much higher than later presidents, totaling 2 percent of the U.S. budget for 1789.
income inequality. Sixty-one percent in this ABC News/Washington Post poll think the wealthgap is larger than it’s been historically. And despite longstanding public concerns about activist government, six in 10 also say the federal government should seek to reduce that differential. The public’s concern is buttressed by a recent Congressional Budget Office estimate that the wealthiest 1 percent of Americans have nearly tripled their incomes since 1979, while the bottom 80 percent of earners have seen their share of the nation’s total income slightly decline. This poll, produced for ABC by Langer Research Associates, finds that 37 percent perceive the wealth gap as “much larger” than it’s been; just 5 percent think it’s smaller.
Jeff Doyle Sundol WRC 1013-11 1 Nov. 2010 Are Poor Americans Actually Poor? The number of Americans in poverty today is rather shocking. There are currently thirty-seven million Americans who are classified as being "in poverty" (Rector 2). Many Americans are classified below the line of poverty, but in retrospect to the rest of the world, Americans seem far from poor. America is considered to be upon the most prominent and successful nations in the world; so, why is over a tenth of our population deemed as "poor" by our government?
Evidence of the is in the study done by Brookings Institute stating: In 1929 the top. 1% of Americans had a combined income equal to the bottom 42%. That same top .1% also controlled 34% of all savings, while 80% of Americans had no savings at all. An example of the unequal distribution between the rich and the middle-class is Henry Ford who reported a personal income of $14 million. In that same year the average yearly income for was $750!
The United States is among the wealthiest and most prosperous nations in the world. It has the largest military, the largest economy, freedom of speech and religion. Yet its government is unable, unwilling, or incapable of providing adequate, basic healthcare to all its citizens. In 2010, the United States spent over $2.6 trillion on health care, representing roughly 18 percent of gross domestic product (GDP) (Hughes & Rao, 2012). On average, the United States spend twice as much on healthcare per capita and out spend 12 other industrial countries including Germany, Japan and New Zealand (Hughes & Rao, 2012).
The organization also observes: Americans rank 12th among developed countries in college graduation (down from 1 for decades); Americans come in 79th in elementary- school enrollment; American infrastructure is ranked 23rd in the world, behind every other major advanced economy (Fareed). Princeton University’s Sociology department released a report: The Economic and Educational State of Black Americans in the 21st Century: Should We be Optimistic or Concerned? That reported: a family with an annual income of $83,000 earned more than 60% of white families and over 80% of clack families (). Therefore, if white Americans are being out-competed academically by countries such as Germany, South Korea and China, which, according to Time Magazine, are making large investments in education, science, technology and infrastructure. African Americans are lagging even further behind academically and