Ending the Federal Reserve Essay Example | Topics and Well Written Essays - 2250 words

Ending the Federal Reserve - Essay Example The principal way that the Fed manages the economy and financial crises is to manipulate the money supply. The Fed does its work by adjusting three things: the reserve requirement, the discount/federal funds rates, and open market operations. There are a number of positive outcomes that can result if the Fed was abolished. One positive outcome is the end of the yo-yo monetary policies that leads the country to move from recessionary to inflationary periods. A second positive outcome is greater competition and safer investment among financial institutions. There are negative outcomes to ending the Federal Reserve. The principal negative outcome is that the business cycle will run unchecked. Financial crises will tear the nation apart even more than already do. The United States has wrestled with the idea of centralized banking since its birth. After suffering through serious financial crises in the 1880s and early 1900s, the United States settled on the Federal Reserve system. The country embraced central banks twice before creating the Fed. The country created the First Bank of the United States in 1791 and then let the charter lapse in 1811. Congress created the Second Bank of the United States in 1816 and then let that charter lapse in 1828 (The Federal Reserve, 2010). Both banks failed because they were seen as answering to big city money interests and not the ordinary agrarian citizen. (The Federal Reserve, 2010). Today the Fed is also associated by some with big financial conglomerates. The United States created the Fed after enduring a series of financial crises. Several banking panics rocked the country in the late 1800s and early 1900s. The United States took action after the panic of 1907. In that year, the nation faced a dire banking crisis caused by speculation. Private industry, led by J.P. Morgan, had to step in to save the economy. The government created an independent government body, the Fed, in

Theme Parks Essay Example for Free

Theme Parks Essay As I was young and growing up, traveling is something that I enjoy doing and still do today. I have traveled all around the country; however, the most exciting thing that I like to do is to go to an amusement park. Amusement parks are filled with rides, people, and excitement. The children are so excited and the adults feel as if they were young again. For example, Carowinds, Wet N’ Wild, and Disney World are all great amusement parks that I have been to. The number of people in amusement parks continues to grow as most amusement parks create new thrilling rides and activities to all people throughout the country. Carowinds is a very amusing place to go, which is located between Charlotte and Rock Hill. The amusement park is filled with people, food, rides, and excitement. Most people wait in long lines to get on a ride, while others walk around and get on another ride. Some of the rides that Carowinds have include: Wayne’s World, Vortex, and The Cyclone. These rides are breath taking, making people scream, and acquire a strong stomach to get on them. The amusement park has great food; however, the prices are a little eminent. They also have an all day buffet which is located in the middle of the park. Carowinds is a great amusement park to go as excitement continues to grow. The second amusement that has a lot of excitement is Wet N’ Wild. Wet N’ Wild is located in High Point, NC. Wet N’ Wild is an amusement park you just can not wait to get in. The park is filled with water rides and excitement. One of the rides I love to get on when I arrive is called The Twin Twisters. The Twin Twisters are two tunnels that loop you around four times at approximately 80 miles per hour. This ride is breath taking if you have not ever got on it before. The Twin Twisters is not recommending for children or people with high blood pressure. There are more water rides for people to choose from. The people that do not like water rides choose to go to the swimming pool which has approximately three hundred people. Most people that come to the park bring their own food because the prices are really high. Wet N’ Wild N’ Wild is the best water park in the state of North Carolina as more people continue to come. The last amusement park that has a lot of excitement is Disney World. Disney World brings excitement to all ages as it is like a dream come true to children. It is not normal to see Mickey Mouse or Bugs Bunny walking around in an amusement park. Once you enter the amusement park, you see children running around all over the place and playing with the people dressed in funny costumes. Most adults like watching plays with their children, take pictures, and collect souvenirs for memories. As many children are not able to see this exciting place, Disney World is a great place for children. Amusement parks are great to be as they are known to carry excitement. Children love to travel to amusement parks because they enjoy it. Most adults love to go to amusement parks because they relive stress and are very amusing. Amusement parks are very entertaining and amusing as more people continue to go to them all across the country.

Movement Of Small Intestine Biology Essay

Movement Of Small Intestine Biology Essay In much of the gastrointestinal tract, smooth muscles contract in sequence to produce a peristaltic wave which forces a ball of food called a bolus while in the esophagus and gastrointestinal tract and chyme in the stomach along the gastrointestinal tract. Peristaltic movement is initiated by circular smooth muscles contracting behind the chewed material to prevent it from moving back into the mouth, followed by a contraction of longitudinal smooth muscles which pushes the digested food forward. Catastalsis is a related intestinal muscle process.(Google) Movement of small intestine The small intestine is responsible for removing nutrients from food and bringing water and electrolytes in the body. It also moves food through a specific part of the digestive tract, into the large intestine Once processed and digested by the stomach, the milky chyme is squeezed through the pyloric sphincter into the small intestine. Once past the stomach a typical peristaltic wave will only last for a few seconds, travelling at only a few centimeters per second. Its primary purpose is to mix the chyme in the intestine rather than to move it forward in the intestine. Through this process of mixing and continued digestion and absorption of nutrients, the chyme gradually works its way through the small intestine to the large intestine. During vomiting the propulsion of food up the esophagus and out the mouth comes from contraction of the abdominal muscles; peristalsis does not reverse in the esophagus. Types of contraction.(Guyton pg# 786) There are two main types of contractions that occur in the small intestine as well as other parts of the gastrointestinal tract. These movements are known as mixing contractions or segmentation contractions and propulsive contractions. While these contractions are categorized separately, both perform similar functions. Mixing movements mainly churns food but also propels it. Propulsive movements primarily push food towards the anus but also spreads it out for allowing the digestive enzymes to mix with it. Mixing or Segmentations contraction When a portion of small intestine becomes distended with chyme,stretching of the intestinal wall elicits localized cocentric contractions spaced at intervals along the intestine and lasting a fraction of minute.The contraction cause segmentation of the small intestine.They divide the intestine in to spaced segments that have the appearance of a chain.As one set of contraction relaxes a new set often begins,but the contraction this time occur mainly at new points between the previous contractions.Therefore the segmentation contraction chop the chyme two to three times per minute. The segmentation contractions become exceedingly weak when the excitatory activity of the enteric nervous system is blocked by the drug atropine. (Guyton pg # 786) While mixing contractions also propels food through the small intestine, its main function is to churn the chyme with intestinal enzymes and mechanically break down some particles.(Google) Propulsive Movements or contraction Chyme is propelled through the small intestine by peristaltic waves.These can occur in any part of small intestine ,and they move towards the anus at a velocity of 0.5 to 2.0 cm/sec,faster in the proximal intestine and slower in the terminal intestine.They normally are very weak and die out after traveling only 3 to 5 cm.This means that 3 to 5 hours are required for passage of chyme from the pylorus to the ileolic valve.(Guyton pg #787) These contractions are concentric meaning that they run around the intestine as illustrated in the diagram below. These spaced segments relax and constrict a number of times thereby à ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒâ€¦Ã¢â‚¬Å"choppingà ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ã‚  the chyme and mixing it back and forth with enzymes, mucus, water and ions in the intestine. These contractions occur about 10 to 12 times per minute in the duodenum (first part) and jejunum (mid) of the small intestine and diminish to about 8 or 9 contractions per minute in the terminal ileum (end portion).(Google) Control of Movement through the Small Intestine A number of hormonal and nervous factors initiate and maintain peristalsis and mixing. Nerve impulses which travel throughout the small intestine are triggered by the gastroenteric reflex (refer to Defecation Reflex) and localized distention of the duodenum. These impulses are propagated via the enteric nervous system, mainly the myenteric plexus, which is the gutà ¢Ãƒ ¢Ã¢â‚¬Å¡Ã‚ ¬Ãƒ ¢Ã¢â‚¬Å¾Ã‚ ¢s own internal network of nerves. It is further regulated by impulses from the central nervous system via the vagus nerve and sympathetic trunk.. The   digestive hormones, cholecystokinin (CCK), gastrin and motilin increase intestinal motility while secretin decreases the activity. In addition, serotonin and insulin can increase motility while glucagon can decrease motility.(Google) Ileocecal Valve The ileocecal valve controls the entry of chyme into the colon and prevents backflow of fecal matter into the ileum of the small intestine.A principal function of the ileolic valve is to prevent backflow of fecal contents from the colon in to the small intestine. It has valve lips that closes when the pressure in the cecum builds up. In addition, the end portion of the ileum, just proximal to the ileocecal valve, has a muscular sphincter called the ileolic sphincter. This is constantly constricted and restricts the flow of chyme from ileum into the cecum unless appropriately stimulated to relax and thereby open. The ileocecal sphincter ensures that intestinal contents stay within the small intestine long enough for sufficient absorption of nutrients.(Guyton pg # 788) Motility disorders in small intestine Problems in the small intestine occur when food is blocked, unable to move, or contains bacteria that cannot be broken down by small intestine cells. Intestinal Dysmotility is a dysfunction that hampers peristalsis, or the contractions that move food forward. When food cannot move forward, cramps and headaches occur in the patient because the digestive process has been stopped unnaturally. Bacterial Overgrowth is a condition that leads to immediate expulsion in the small intestine. If there is an overload of bacteria, the small intestine cannot handle it, and stomach pains and vomiting occur. Cancer can strike the small intestine, although it usually is detected in other parts of the body first. Worms and parasites can occasionally affect small intestine health, although these can most often be removed by careful surgeons or specialized medicines.(Google) Movement in large intestine Movement of food through the large intestine is caused by smooth muscle contraction called peristalsis the best way to describe this is to imagine how a snake moves its abdominal muscles to move. As opposed to the more continuous peristalsis of the small intestines, faecal contents are propelled into the large intestine by periodic mass movements. These mass movements occur one to three times per day in the large intestines and colon, and help propel the contents from the large intestine through the colon to the rectum.(Google) Principal functions of colon are It absorbs water from indigestible food matter and then passes useless waste material from the body. It absorbs all the calcium. Water is added to undigested food to digest it easily.It absorbs water from indigestible food matter and then passes useless waste material from the body. Actually no digestion takes place in the large intestine this organ is almost entirely for water absorption. In the colon, the major process that takes place is the reabsorption of water.(Guyton pg # 788) Types of movements or contractions The movements still have characteristics similar to those of small intestine can be divided into mixing movements or Haustrations and propulsive movements or Mass movements. Mixing movement In the same manner the segmentation movements occur in the small intestine large circular contractions occur in the large intestine,about 2.5 cm of circular muscle contracts.At the same time longitudinal muscles contracts.These combined contractions cause the unstimulated portion of the large intestine to bulge outward in to bag like sacs called haustrations. Mass movements Much of the propulsions in the cecum and ascending colon results from the slow but persistent haustral contractions requiring as many as 8 to 15 hours to move the chyme from the ileolic valve through the colon while the chyme itself becomes fecal in quality a semisolid slush instead of semifluid.A seriesof mass movements usually persists for 10 to 30 minutes .then they cease but reurn perhaps a half day later.When they have forced mass of feces into the rectum the desire for defecation is felt.(Guyton pg #789) Another very important type of motility that occurs in the large intestine is the high amplitude propagating contraction (HAPC). These contractions only occur 6-8 times per day in healthy people, but they are extremely strong contractions, which begin in the first part of the large intestine and sweep around all the way to the rectum; they stop just above the rectum.(Google) Motility Disorders of the Large Intestine Constipation Constipation is usually described as infrequent bowel movements (less than 3 per week), passage of hard stools, and sometimes difficulty in passing stools. The sensations associated with constipation can include a constant feeling of needing to go, or a sensation of bloating or fullness. In children, constipation often leads to fecal incontinence. Diarrhea The symptoms of diarrhea are frequent, loose or watery stools, and a subjective sense of urgency. Patients with diarrhea also may worry about loss of control over bowel movements. An excessive number of high amplitude propagating contractions can be a cause of diarrhea Hirschsprungs disease Hirschspurngs disease is a rare congenital (a person is born with it) disorder that is caused by absence of nerve cells (ganglion) in the rectum and/or colon. Usually the problem involves only the bottom portion of the colon, but in some it involves the entire colon or even part of the small intestine. The part of the bowel that lacks nerve cells (aganglionic) cannot propel stool toward the anus, and therefore results in obstruction, severe constipation, or inflammation (enterocolitis). Although symptoms usually begin within a few days after birth, some people dont develop them until childhood or even adulthood. Irritable bowel syndrome (IBS) The term irritable bowel syndrome, or IBS, is used to describe a group of symptoms that occur together. These symptoms include abdominal discomfort or pain and altered bowel habit, either constipation or diarrhea. Some people have both constipation and diarrhea, just at different times. Bloating or distention of the abdomen is also common. IBS symptoms are believed to be caused partly by abnormal motility.(Google)

Destiny, Fate, Free Will and Free Choice in Oedipus the King - Victim

The Victim of Fate in Oedipus Rex The question has been raised as to whether Oedipus was a victim of fate or of his own actions.   This essay will show that Oedipus was a victim of fate, but he was no puppet because he freely and actively sought his doom, although he was warned many times of the inevitable repercussions of his actions. When first considering this topic, I speculated that maybe it was the destiny of Oedipus to suffer, but a friend asked me to explain why Oedipus, in the act of gouging his eyes out, cries explicitly:   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   No more, no more shall you look on the misery about me,   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The horrors ... ...ology of the Great Myths and Epics.   Illinois: Passport Books, 1988. Segal, Charles. Oedipus Tyrannus: Tragic Heroism and the Limits of Knowledge. New York: Twayne Publishers, 1993. Sophocles.   "Oedipus Rex."   An Introduction to Literature, 11th ed.Eds. Sylvan Barnet, et al.   New York: Longman, 1997. 800-836.

Risks and Loyalties

As Markham was summoned into the conference room to begin his presentation to the board of the state pension fund, he was wrestling with whether or not to raise the liability issue. He knew there were risks either way. There was the risk that his client would choose to take their business elsewhere if he told them what he believed to be the fund’s financial reality. Furthermore, such a move would not only result in lost business, but would likely be interpreted as disloyalty towards his firm. But then he thought about what didn’t happen during the 2008 financial crisis, and this reality gnawed at him: When the subprime crisis played out everybody was asking why, even though there were all these people that had a role in making it happen, no one spoke up? And so does somebody who is playing a bit part in creating a reprise of the last crisis have a responsibility to speak up on behalf of the pensioners themselves even though this is contrary to the wishes of their employer and the board of trustees who has hired their employer to provide investment advice? We all commonly find ourselves in a position where we have to tell someone something they don’t want to hear. We face this kind of communication dilemmas all the time; at home, with friends and at workplace. The range can fall between just telling a friend about his look to the case with Harry Makham, who was facing the problem of telling the board of directors about the wrong liability numbers. There are usually 2 ways of responding to this kind of dilemmas, either â€Å"saying it just right† and falling into the category of confident communicator, or failing to inform and falling into the category of unethical cheater. There are at least 5 different approaches for overcoming ethical issues concerning communication dilemma: * The Utilitarian Approach – action that provides the most good or the least harm for all who are affected-customers, employees, shareholders, the community and the environment. * The Rights Approach- action that best protects and respects the moral rights of those affected * The Justice Approach- ethical actions that treat all human beings equally, or if unequally, then fairy based on some standard that is defensible. but there is a debate over CEO salaries that are hundreds of times larger than the pay of others) * The Common Good Approach- actions that lead to the welfare of everyone in community. * The Virtue Approach – actions that are consistent with certain ideal virtues and are consistent with your own values. Regarding the issue of telling clients things they don’t want to hear the Utilitarian Approach may be more useful, and certain factors should b e taken into consideration: * harm to the clients * harm to the firm * harm to the public * harm to environment * harm to yourself (your ethical views)

PI2 Example

PI2 Example PI2 – Essay Example PART A Question 2005 = 11,933 – 11,062 * 100 = 7.874% increase 11,062 2006 = 9,181 – 11,933 * 100 = 2.306% decrease 11,933 2007 = 6,141 – 9,181 * 100 = 3.311% decrease 9,181 2008 = 8,334 – 6,141 * 100 = 3.571% increase 6,141 Question 2 Using the current trend for Micro Chip Computer Corporation as a basis, I do not think that the company achieved its sales target of 10% growth in 2009. This is because in 2008, the company only had a 3.571% increase and the previous years prior to that had recorded a decrease in sales. Therefore, there is no indication of a constant growth in sales over the years and so it would be difficult for the company to make a 10% increase in sales in 2009. The actual sales figure for 2009had the company made a 10% increase would be: 110% * 8,334 = $ 9,167 It would be quite difficult for the company to hit this target in 2009 since there is no indication of such a significant growth in sales over the prior years. Therefore, my view is that, at the very best the company can only improve on 2008’s sales growth from a 3.571% increase to probably 5% or 6%. This would be the best case scenario given the information on previous years. PART B Question 1 Percentage of sales (%) Sales increase by 20% Sales $8,334.00 100 10,000 Cost of Sales $5,458.00 65.5 6,549 Gross Margin $2,876.00 34.5 3,451 Operating expenses: R & D $525.00 6.3 630 Selling, General, and Administrative $691.00 8.3 829 In†process R & D †Ã¢â‚¬ Ã¢â‚¬ Ã¢â‚¬ Ã¢â‚¬ Ã¢â‚¬ Ã¢â‚¬ Ã¢â‚¬ Ã¢â‚¬  Restructuring costs †Ã¢â‚¬ Ã¢â‚¬ Ã¢â‚¬ Ã¢â‚¬ Ã¢â‚¬ Ã¢â‚¬ Ã¢â‚¬ Ã¢â‚¬  2 200 Total Operating Expenses $1,216.00 1,659 Operating income $1,660.00 1,792 Total interest and other Income net $194.00 2.3 233 Income before provision for Income taxes $1,854.00 2,025 Provision for income Taxes (15%) $278.10 303.75 Net income $1,575.90 1,721.25 Question 2 The results in question 1 show that a 20% increase in sales consequently leads to an increase in net income. This is true since increase in sales revenue produces more income for a company and therefore the net income would also increase. The assumption for question 1 is that the 20% increase in sales leaves all other factors constant, therefore resulting in a proportionate change in all other items in the Statement of Operations with respect to sales. This assumption is however not reasonable since if the sales revenue for a company increases by 20%, it mean that there are other costs that were incurred in order to increase this sales revenue. For example advertising, sales and marketing costs should probably have been incurred so as to improve the sales figure over the next year. References Drur.y C, (1998). Costing an Introduction 4th Edition, Thomson Learning. Drury C, (2008). Management and Cost Accounting, Chapman and Hall 7th Edition. Horngren, CT, Foster, G and Datar S.M (2001). Cost Accounting:A Managerial Emphasis 10th Edition Prentice Hall of India; New Delhi, Robert Kaplan & A A Atkinson (2004). Advanced Management Accounting, 2nd Edition Prentice-Hall