History Essay Example | Topics and Well Written Essays - 1250 words - 17

History - Essay Example n the widening of the gap between the haves and the have-nots, which in turn results to an increase in levels of crime in the form of drug trafficking and abuse, and theft and burglary among other criminal activities. Politically, oil affects society as the ruling elite strive to acquire and sustain control of oil wells or the oil business, and make political decisions in such a way that the supply of oil would not be affected negatively. This essay reviews the role of oil in determining the social, political and economic history of the United States over the years since the 1970s to the present. In 1973, the United States government decided to supply the Israeli military with artillery and other war requirements during the Yom Kippur war. This stirred a response by the Arab country members of the OPEC who withdrew from the organisation that was the primary oil producer at the time (Pelletià ¨re 140). The United States took the blame for disrupting oil supply and creating the possibility of high prices of oil and a possible recession, which resulted in tensed relationship with other countries. These countries included some European countries and Japan, all of whom took measures that could have cut ties with the United States. Moreover, Regan lost the presidency to Bush owing to his poor policies when the country needed him, especially by opting to commit resources to fight communism instead of fighting poverty back home. This shortage of oil had an economic role in the stock market crash of 1973 to 1974, which resulted in loss of investments in the stock market. When the Arab countries realised the impact that oil shortage had on the world, they decided to practise price control measures, which resulted in a sustained increases of prices in the United States over the years. This resulted in an increasing price of goods and services, and resulted to deterioration of living standards in the United States, which mostly affected the poor and minorities with the

Human Error in Aviation Annotated Bibliography Example | Topics and Well Written Essays - 1000 words

Human Error in Aviation - Annotated Bibliography Example The source is a journal, which means it is peer-reviewed and thus credible. In addition, the study is based on analysis of post-accident data, and not assumptions, which makes it reliable and credible. Moreover, the chances of biases associated with personal view of the authors are limited since the results are based on actual data. In addition, the study is relevant in the study of the influence of human error on aviation accidents. Regarding authors’ credentials, Douglas is an associate professor who has undertaken several researches on human factors and flight safety. On the other hand, Dr. Scott Shappel is a Department Chair of Human Factors and Systems. Furthermore, Shappel is an author of several publications and has participated in various researches related to human factors and aviation. Therefore, given their backgrounds on human factors in aviation accidents, the information presented in this article is credible and reliable. This article is helpful in my research because it analyzes the main ideas of human errors that contribute to aircraft accidents. The information from this source helps in the description, classification, and understanding of the concept of human errors. It also relates to the rest of my chosen bibliography in its main ideas and focus. The study analyzes error classification methods that explain the causes of human error. The author analyzes the errors made by reviewing error assumptions and proposing alternative solutions. The purpose of classifying human errors is to help people concerned with Human factors in aviation apply practical explanations to their accounts of human errors. The author argues that the major reasons behind his classification of errors are to identify a simple error principle that goes beyond superficial errors. The author’s main points revolve around the deeper understanding of classification of errors and the ways in which analysts

Characteristics of unplanned economies Essay Example | Topics and Well Written Essays - 250 words

Characteristics of unplanned economies - Essay Example Market/unplanned economy and command/planned economies occupy the two polar extremes in the economic activity organization. The main difference is found in mechanisms used to determine prices and labor division or production factors. The market economy activity is unplanned, that is, it has no organization from the central authority and gets determined by the goods’ demand and the supply services. On the contrary, the command economy gets organized by the officials of the government who also direct and win the production factors (Meade, 2013). Currently, all modern economies are mostly pragmatic economies. The economies reject the thought function of representing, describing or mirrorring reality, but instead, they consider it as an instrument, action for problem solving. The two views of confrontation of the modern capitalism; state and neoliberal capitalism, will identify the economy of the social market that creates a new future pragmatism. Therefore, pragmatism is an indispensable and fundamental way of a rational economic management (Daniels & VanHoose,

She pitied men always as if they lacked something. How does Woolf Essay

She pitied men always as if they lacked something. How does Woolf contrast masculine and feminine in To the Lighthouse - Essay Example Ramsay. The sentence is thought by Lily Briscoe in the novel and the whole sentence is This sentence clearly shows that the novel, â€Å"To the Lighthouse† is written with feminist theme in which, the writer wants to depict that men are naturally lacking while on the other hand, women have some power. Mr. Ramsay, who is Mrs. Ramsay’s husband, is a philosopher who has a good reputation on the basis of his knowledge but in the whole novel, he is shown dependent on Mrs. Ramsay. Mr. Ramsay is shown worried about the existence of his work as he thinks at one juncture, â€Å"and his fame lasts how long? It is permissible even for a dying hero to think before he dies how men will speak of him hereafter. His fame lasts perhaps two thousand years. And what are two thousand years? (asked Mr. Ramsay ironically, staring at the hedge).† These lines by Mr. Ramsay indicate towards his doubts about the remembrance of his work and himself. All his doubts about his existence and being remembered receive a sense of satisfaction because of Mrs. Ramsay who is always there to help his husband. He while talking to Mrs. Ramsay informs her about his doubts about his work being forgotten and he gets encouraging responses and back up from his wife. Mrs. Ramsay is not shown as a perfect woman but she is always ready to support men and while helping them, she sympathizes with them and tries to find solution to their problems. With Mrs. Ramsay, every character of the novel feels relaxed and comfortable because of her complacent and supportive attitude. She is like a source of support to the other characters of the novel including her husband, who looks a strong person but appears to be very weak before her wife. Mr. Ramsay appears wholly dependent on Mrs. Ramsay for confidence and encouragement. Woolf portrays Mr. Ramsay as a person and a man, who feels himself incomplete without Mrs. Ramsay. Woolf tries

Islamic economy Essay Example | Topics and Well Written Essays - 1000 words

Islamic economy - Essay Example Throughout the Muslim nations, the comprehension was nothing was lawful about banks (Thomas 4). The modern setting of Islamic banking began in the 1960s in Egypt; nevertheless, this attempt was unfruitful and limited to certain contemporary setting. There were two events that triggered and spread the development of Islamic economy. The first event was the OPEC oil crisis as it was referred to in the west; however, unlike in the west, quotas and increased oil prices resulted in increased GDP per capita in the oil-producing Islamic nations. This resulted in increase of gross savings, consumption and most significantly demand for a banking system fit with Islamic regulations for devout Muslims. The second trigger was the Islamic revolution in Iran because it inspired the Iranian government to require a banking system that complies with Islamic sharia’a laws (Thomas 55). Recognition of non-western economic thought remedied the prevailing ignorance in the west regarding contributio n of Arab-Muslim thinkers in economics. Islamic economists criticized the assumptions upon which conventional economics based and their policies. Islam emphasizes communal responsibility and harmony of the Muslim nations or Muslim community. Islamic economists associated utilitarian to hedonism, which they considered as a replacement of the moral values. Unlike Marxist approach to remuneration that considers labor as a source of value; Islamic economists identify the legitimacy of rental income together with profits. With inbuilt deepness and breadth of Islamic commercial law, current jurists find realistic and hypothetical jurisprudence upon which to draw solution when confronted with disputes of the contemporary marketplace. The initial few decades of modern Islamic economy was a period of revival and the last decade has been an era of significant innovation. Modern Muslim jurist provide sharia’a-compliant solutions to the expanding spectrum of needs. Toward the end of the 1980s, the situation began to change with Islamic and banking and economy growing beyond the expectations of Islamic economy supporters. Since then, Islamic finance has become a growth industry with several multinational banks and asset management companies taking interest in the development of Islamic economy (Thomas 5). Within the banking and finance industry significant developments began with the significant reason being the progress made by Muslim jurisprudence to, understanding the modern business of commerce and applying sharia’a principles. An additional reason was the development of facilities by sharia’a boards with normal contracts allowing Islamic economies to be at ease with the novel organization. The renewal of Islamic commercial energy led to the development of cooperation and helpful interactions between Muslims and people with different religious backgrounds. Acceptance of sharia’a in Islamic economies does not lead to rejection of tools necess ary for economic analysis; rather, it implies evaluation of economic policy with moral perspective according to religious teachings (Thomas 8). Apart from oil and gas-rich states, many Muslim economies are either low or middle-income developing nations, where often

Planning for Long Term Wealth Creation Essay Example | Topics and Well Written Essays - 1000 words

Planning for Long Term Wealth Creation - Essay Example Before borrowing to invest in the stock market, Albert and Nancy should first build an investment plan that clearly documents their retirement goals of savings and income. After identifying the level of income and savings that they require for their retirement goals, the couple can then develop several investment strategies that are potentially adequate in achieving these goals over time, using the principles of risk management to differentiate the advantages and disadvantages of each strategy. In summary, the couple should schedule meetings with a number of financial professionals and discuss the investment options available for achieving their retirement goals to compare advice and strategies in different stocks, bonds, and commodity investments. Once this information has been gathered, they should study each recommendation given by the financial advisors and make a final decision on an investment plan they are comfortable with dedicating their income to over the next 20 years. One serious concern that the couple must consider when contemplating taking a home equity loan for investment in a retirement fund is the rate of interest that they will pay on the initial sum and how that rate compares to expected stock market returns. For example, HSBC and UBank are both offering home equity loans at a 6.79% interest rate in Australia currently. (InfoChoice, 2011) The consumer inflation rate has average between 3.33% and 3.6% in Australia in 2011. (RateInflation, 2011) Therefore, Albert and Nancy would have to average over 10% returns in the stock market every year just to cover the costs of the loan repayment plus inflation. While $125,000 is a strong deposit into an initial self-managed superfund account, the couple will need to understand that upon investment in a single company or diversified portfolio of stock holdings, there is no guarantee that future returns will match or exceed the rate of interest plus inflation. Nevertheless, the home equity investment can be seen as beneficial for the couple if they can easily afford the home payment over time without significant stress in the household budget. Since the couple is paying a higher rate of interest on the car, personal loan, and credit cards than on the home equity loan, at a comparison of 15.5% to 17% vs. 6.79%, the best initial use of the home equity loan would be to clear the personal debt. Then, the income that was previously being dedicated to loan and credit card payments can be set aside for investment each month in equities, bonds, and precious metals. Thus, the couple would do best by first retiring the personal debt at a sum of $32,000, and then keeping the credit card purchases at a minimal level. In this manner, the couple should be able to free up $900 to $1000 each month to invest into their self-managed super-annuity fund. In dedicating $32,000 of the $125,000 home equity loan to clearing the personal debt, the couple established a means to dedicate an extra $900 to $10 00 every month to their retirement fund. However, when compared to their retirement goals of achieving self-sufficient income in old age, even an initial investment of $93,000 in the self-managed super-annuity fund plus the monthly contributions at the rate of $900 to $1000 per month would not be sufficient to meet their goals. Part of the reason for this is inflation, which operates in the manner of compounded interest. Considering the couple has a $100,000

Cold environments Case Study- Alaska Essay Example for Free

Cold environments Case Study- Alaska Essay Location * State in the United States-international boundary with Canada to the east, arctic ocean to the north * Largest state in United States by area, however least densely populated Economy * GDP in 2007: $64,333 * Per capita personal income : $40,042, rank :15th in nation * Oil and gas industry dominates the Alaskan economy * More than 80% of states revenues derived from petroleum extraction * Main export : seafood , agriculture represent only fraction of economy * Largest employers: * Providence health and services : 4000+ av. Monthly employment in 2010 * Walmart: 3000-3259 av .monthly employment 2010 History * First oil claims in Alaska made in the 1890, noted oil sea pages on iniskin bay and cold bay- not pursued by Russians * 1898- first Alaskan wells drilled in Iniskin Peninsula * Alaskas first productive oil drilling operation was at Katalla, on the Gulf of Alaska, south of the Copper River delta * In 1911 several new wells in the district began to produce significant oil, costs not big enough to justify extraction * In 1960, following the statehood of Alaska and the creation of the state natural resources agencies, oil companies bought exploration leases for work in Cook Inlet * The boom in economic development and population growth after the discovery of oil was immediate and still continues Types of Development in Alaska * Oil and Gas industry- major oil fields developed along central north slope * Oil production accounts for 93% of Alaska’s unrestricted general fund revenues. * Since statehood, Alaska has received $164 billion in revenues from oil * Development in the fishing industry- sea provides endless harvest worth billions of pounds. Over 3 million lakes, 3000 rivers and 34 000 miles coastline- bountiful fishing regions in the world * Salmon fishing industry- worth $11 billion a year * Provide thousands of jobs, long term economic engine * Pollock fishery- 1,252,000 million metric tons- 2.7 billion ponds annum * Seafood- top export commodity. 2009- 1.6 b dollars. Accounted for 50% states total exports. * Seafood processing accounts 71% of manufacturing jobs in ALK. * Fishing industry- generated 54 000 jobs- short seasonal * Mining- historically a cornerstone of alaska’s economy. Today, mining industry brings broad range of benefits- offering highest paid jobs in the state. * Produces zinc, lead, copper , gold, silver, coal * Alaska’s 7 largest mines Provided more than 2,250 full time jobs of 9500 total mining ind jobs in state * Mining creates public revenue by paying state and local taxes * Help support local economies in both urban and rural Alaska. * Issues: spent $300 million on exploration last year * drilling costs and fuel expenses have risen sharply * Facts and economic impact-cumulative value of mining industry: $4.4 bil. 2011 * Minerals are the states second largest export commodity. Accounted for 31% of states export total- zinc and lead from Red Dog mine * Approximately 200 placer mines produced 70,000 ounces of gold, as well as platinum, in Alaska in 2011. In addition to Alaska’s active precious-metals mining industry, there were more than 120 active rock quarries, and sand and gravel operations throughout the state. Pressures on Cold Environment * Alaska is unique state- economic development in it’s remote, petroleum based economy- resembles oil rich developing nations than other US states * Realtively small size of the Alaskan economy can discourage production for local use. * Geography wise- their location is at a disadvantage. Difficult to transport oil to other countries * Trans Alaska pipeline * Pipeline flows through natural biomes, upsets animal trails, carries potential of a devastating leak * Woodland destroyed- also people’s homes affected