Preview

a world in flux

Powerful Essays
Open Document
Open Document
1186 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
a world in flux
A World In Flux by Andrew Broggins

In an election year where all things cannot be considered constant and things are forever changing we are in a world of flux. Just a year ago, the things happening in our local economy, national economy, and worldly economy, couldn’t have been predicted. In the midst of an erratic and hostile election year, where there are mass changes of commands of world powers and numbers are up and down in a week from revisions and upticks, who knows where we will end up next.

Groton Connecticut, where the home of the United States Navy Submarine base and The Submarine Capital of the world, is also the source of 15000+ southeastern Connecticut jobs and is pumping 4.5 billion dollars annually into south eastern Connecticut’s economy according to Michael Melia of The Associated Press. Michael Melia is also worried about what sequestration will do to Connecticut’s economy because of BRAC, which is base closure and realignment commission. Politicians within Connecticut’s legislature on both sides of the isle are using bipartisanship and all resources possible to save the states investments into the America’s military power. In 2005 BRAC almost accomplished closing the Subase and almost threw the economy of southeastern Connecticut into free-fall. Some of the blame has been placed on the Obama administration’s spending habits, another portion on the senate’s inability to act promptly. Now the new candidates to fill the vacated seat of former senator joseph Lieberman, are vying for the position and task of keeping the economy of southeastern Connecticut in equilibrium, but as Michael Melia states it takes political connections to get the job done.

In October 2012 according to the bureau of labor and statistics there was an uptick revision of the unemployment numbers based on non-farm payroll increases of 171,000, but there was a decline in September that essentially makes unemployment unchanged. The

You May Also Find These Documents Helpful

  • Good Essays

    In the current state of unemployment as of July 2013, twenty eight states have had increases, eight states decreases,…

    • 1418 Words
    • 6 Pages
    Good Essays
  • Better Essays

    The unemployment rate in the United States has dropped significantly ever since the economy crashed in 2008 when unemployment rapidly climbed. Unemployment is still higher than it should be but at least the rate is decreasing. On a national level the unemployment rate has dropped from 8.3% in January 2012 to 7.9% in January 2013 (United States Department of Labor, 2013). Over the past year unemployment has changed very little with an exception of a drastic decline in unemployment during the third quarter of 2012 (United States Department of Labor, 2013). According to the United States Department of Labor, more than 300 thousand persons was removed from the labor force willing and able to work; however, did not actively search for a job within the last four weeks. This contributed to the fall in unemployment rates. Employment has…

    • 1516 Words
    • 6 Pages
    Better Essays
  • Better Essays

    It has been going on five years since unemployment has been such a factor in the United States. The unemployment rate is defined as the percentage of people in the economy willing and able to work but are not working. This statistic is a little deceiving, as it does not take into account the people who have given up looking for work. Given that caveat, experts believe that the number of people out of work is significantly higher. The Bureau of Labor Statistics (BLS) reports the unemployment rate on the first Friday of each month. It is useful to compare this month 's unemployment rate to that of the same month last year. This rules out the effects of seasonality (Amadeo, 2011). Unemployment is known as a lagging indicator. The effect of economic events, such as a recession, and so occur after the said economic event has already started. That means the unemployment rate will continue to rise even after the economy has started to recover, as employers are reluctant to lay people off when the economy turns bad. In turn, companies are even more reluctant to hire new workers until they are sure the economy is well into the expansion phase of the business cycle. For that reason, the unemployment rate is a powerful confirmation of what the other indicators are already showing. The current unemployment rate as of the end of January was 8.3% and…

    • 1429 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    ECON 410 Final Paper

    • 2384 Words
    • 8 Pages

    The most widely recognized indicator of a recession is the unemployment rate. People are classified as unemployed if they do not have a job, have actively looked for work in the prior four weeks, and are currently available for work. (4, pg. 5) Just prior to December of 2007, the unemployment rate was 5.0%, but by the end of the recession in June of 2009; the unemployment rate was 9.5%. We saw during the recession the unemployment rate peak at 10.0%, this was in October of 2009. This was not the highest unemployment ever reached though. Between September 1982 and June 1983, the unemployment rate peaked at an all time high of 10.8%. Not only was the number of unemployed tremendously high, the proportion of long-term unemployed in the recent recession compared to post-recession periods is notable. The long-term unemployment rate is the number of persons employed for twenty-seven weeks or longer as a percent of the labor force. (4, pg. 5) In 2008, more than…

    • 2384 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Weekly Summary

    • 673 Words
    • 2 Pages

    * There are differing views as to where the economy’s current stage in the business cycle is and as is common in politics, the speeches are always suited to the audience as and when required. However, the best way to judge the current stage is to take a specific trend that is always impacted during a peak or a recession. For the purposes of this example, we are taking the foreclosures in Tucson as an indicator of economic health for the common man.…

    • 673 Words
    • 2 Pages
    Good Essays
  • Good Essays

    In January, the Philadelphia Inquirer reported that the United States government stated that in December, 2012 “The number of unemployed, 12.2 million, was little changed, and the 7.8 percent unemployment rate has been at, or near, that level since September [2012]”. (Loyd, 2013) I have always found these statistics somewhat suspect and misleading as they do not take into consideration those that stopped looking for jobs, fell off the unemployment rolls, or took jobs at a much lower pay scale then they were at previously in order to re-enter the workforce.…

    • 609 Words
    • 3 Pages
    Good Essays
  • Good Essays

    In the United States, the current unemployment rate is down to 7.7 percent according to the U.S Bureau of Labor Statistic. The current number of unemployed persons is at about 12 million. This number has changed very little in the last year. Employment has increased in health care and retail.…

    • 486 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    econ252

    • 1281 Words
    • 8 Pages

    As many of you know, the economy has been experiencing significant turbulence and poor performance in recent years. The depressed economic climate has resulted in business failures, millions of unemployed workers, hundreds of billions in new government spending and money expansion, and a charged political landscape. It is quite an interesting time to study macroeconomics!…

    • 1281 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    In last two decades the world has seen almost all extreme scenarios of economic growth and collapse. The growth started with the communication boom in early 1990’s and followed by internet technologies; after a decade of world economy growth, it was the Lehman Brother collapse which brought down the world financial system to its knee. Until then people did not realize that the economy of a country is not only dependent on its own indicator, it’s also dependent on its trade partners and other countries around the world. Given that the interdependencies of the countries have changed dramatically in the recent years; to predict an economy we need analyze what is going on in the world as whole. Due to the fact that there are wars, domestic conflicts, political problem and international pressure the world’s economic situation is very fragile.…

    • 1432 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    Rhetorical Analysis

    • 518 Words
    • 3 Pages

    In the beginning of his speech, Obama present his account of the United States current finance history. Jobs began going overseas while wages and salaries for most people were languishing. And then the conflict hit, started by debts sold to people who couldn’t be able to pay back and insufficiently regulated fiscal institution who built bad gamble with other people’s money. Obama retained the country that in the six months before he took office, the economy lost four million jobs, and another four million in the early months of his presidency. Since then, nevertheless, the intimate sector-guide by assembling-has built millions of new jobs. And so he finished, “The state of our Union is getting stronger. And we’ve come too far to turn back now” (page3). Rather than replacing advance, the task before us is to “build on this momentum.”…

    • 518 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Summarize the article (75 to 100 words): Unemployment rose in 2009. Men’s unemployment rat erose to a crippling 11%, while women’s unemployment rate was at a lower rate of 8.3%. The data clearly shows the large gap between the gender gap.…

    • 875 Words
    • 4 Pages
    Good Essays
  • Good Essays

    b. For more than a decade before the outbreak of the American Revolution in 1775, tensions had been building between colonists and the British authorities. Attempts by the British government to raise revenue by taxing the colonies (notably the Stamp Act of 1765, the Townshend Tariffs of 1767 and the Tea Act of 1773) met with heated protest among many colonists, who resented their lack of representation in Parliament and demanded the same rights as other British subjects. Colonial resistance led to violence in 1770, when British soldiers opened fire on a mob of colonists, killing five men in what was known as the Boston Massacre. After December 1773, when a band of Bostonians dressed as Mohawk Indians boarded British ships and dumped 342 chests of tea into Boston Harbor, an outraged Parliament passed a series of measures…

    • 1292 Words
    • 6 Pages
    Good Essays
  • Better Essays

    Fiscal Policy

    • 1560 Words
    • 7 Pages

    In the current economic recession, the United States’ fiscal policy has placed unrest and instability among the population. The positive and negative outcomes of the fiscal policy, with regard to the country’s deficit, surplus, and debt, have different effects on how many different people and organizations view the current economy, make decisions, and react to changes. The Unites States’ deficit, surplus, and debt affect not just the American tax payers but also future social security and Medicare users, unemployed individuals, students, exporters, and importers. The deficit, surplus, and debt also affect the gross domestic product (GDP) and also the United State’s financial reputation on an international level. Focus must be placed on making objective decisions that will provide both short-term and long-term benefits especially during economic uncertainty. Individual decisions during a recession has a great impact on the economy collectively; when people reinvest and increase spending in the tough economy, it can propel the economy towards the upward trend.…

    • 1560 Words
    • 7 Pages
    Better Essays
  • Good Essays

    This article by Julia Limitone describes the state of our current economy and what some economic advisors are expecting for the future. While a few have a negative outlook, some believe the United States economy is doing incredibly well under the circumstances.…

    • 369 Words
    • 2 Pages
    Good Essays
  • Better Essays

    “ We cannot leave the matter in his hands because he doesn’t not understand our customs, just as we do not understand his. We say he is foolish because he does not know our ways, and perhaps he says we are foolish because we do not know his. Let him go away” (*1). This quote shows the major theme of the book which is change vs tradition. The quote shows the theme perfectly; basically it shows the ignorance of most of the Umuofia clan and their fear of the white peoples culture taking over theirs. They are dealing with the question of whether change should be privileged over tradition. The people of Umuofia want a little change but at the same time they have fear of completely losing their way of life, the people are divided on the subject at hand at what the right and wrong thing to do is, and how much is to much change.…

    • 2183 Words
    • 9 Pages
    Better Essays