Journal of Economic Perspectives—Volume 21‚ Number 3—Summer 2007—Pages 177–198 The Causes and Consequences of Wal-Mart’s Growth Emek Basker W al-Mart plays a large and ever-growing role in the U.S. economy. As of January 31‚ 2007‚ Wal-Mart operated more than 3‚400 U.S. Wal-Mart stores along with more than 550 Sam’s Club locations. Wal-Mart is the largest private employer in the United States‚ with 1.3 million employees‚ and the largest retailer in the United States. In 2004‚ Wal-Mart handled
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The causes of World Poverty 1. Lack of resources and opportunities in developing countries * While the poor in first world countries and other welfare states may enjoy some amount of financial aid‚ this is sadly lacking in many other countries with a burgeoning poor population * For instance‚ nations in Africa lack basic infrastructure‚ let alone welfare policies. * This further illustrates the poor’s dependency on external financial aid‚ which necessarily requires the work of
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Refugees go through many struggles by losing family members‚ Prized possessions‚ and their homes. In some severe cases they lose their country and can’t go back because there is nothing left. Ha went through many struggles‚ but is adapting well. She is learning English and making friends. “ Refugees are everyday people who are forced to flee their homes because the are afraid to stay in their home country. When they flee they may leave behind family members‚ friends‚ a home‚ an job‚
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bubble‚ especially in US. The problem was that inflation was low and people felt this was the most important target. In targetting inflation‚ people ignored the asset bubble. (see: Mistakes of Alan Greenspan[->0]) · Bad Loans. Probably the biggest cause of the current credit crisis. Banks and mortgage companies made a serious of bad loans especially for subprime mortgages. Basically‚ people were lent mortgages they had no realistic chance of repaying. Mortgage companies and banks were left with a
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Task 1 Travelling in the shoes of a refugee For years‚ I walked to school in fear. I did not fear an unexpected test or an oral presentation. I feared guns pointing at everyone‚ even the little girl with the pink knapsack. I feared bombs‚ suddenly blowing up‚ leaving my body cold and bloody in the dirt of the ground. I was a teenager‚ and yet still I never knew what freedom felt like. My mom yelled “dinner!”‚ and I sat down in our little kitchen. It was November 15‚ and it was colder than usual
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Consequences/importance of the Montgomery Bus Protest 1. The direct result was that in 1956 the Supreme Court ruled that segregation on buses was illegal (Browder v Gayle). 2. After 13 months the bus companies gave in. This was REALLY important for the future because it showed to both Blacks and Whites in America that in racial discrimination cases - eventually - the Blacks would win. The battle was by no means finished‚ but after Montgomery the Whites knew they were going to lose in the end‚ and
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can be traced to the year of 1763. It was marked in the finest history that the people fought for themselves or such as their independence for the popular sovereignty‚ rules of law‚ constitutional rights. The war brings significant battles and consequences such as the Seven Years’ War‚ the ultimate cost of stationing the troops in the colonies‚ and the British efforts to suppress American smuggling and resistance. The Revolutionary war stated when the British leaders began to tighten their reins
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days later on August 9‚ over 60‚000 people died in the city of Nagasaki (Swain‚ 2006). Many more people died weeks‚ months‚ and even years later‚ and at the end of all of the destruction‚ almost 200‚000 people were left dead (Rossenfeld‚ n.d.). The causes of all of this were two atomic bombs dropped by the United States. At first glance‚ it may seem that dropping these two bombs was a terrible and horrific thing to do. However‚ the use of atomic weaponry was actually a necessity in how well our conflict
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“Refugee Blues” by WH Auden‚ is a ballad and‚ as such‚ has a sense of musicality that is created by both its structure and the repetition of certain phrases. The poem contains twelve stanzas of three lines each. The first and second line of each stanza rhyme. The two rhyming lines of each stanza tell the story‚ while the third line contains a repeated phrase (like a chorus) that develops the theme of the poem. For example‚ the first stanza ends: “yet there’s no place for us‚ my dear‚ yet there’s
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going. The second cause of the Great Depression would be easy credit. To pay for the items that could not be afforded‚ the consumers would use installment plans where a small percentage would be paid while the rest will be paid over the course of years. As a result‚ more and more debt is accumulated. More than half of the products bought were obtained by credit. Easy credit allowed the people to freely spend their money and not worry about not being able to pay back. The next cause is stock speculation
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