In the past‚ the price of oil has led to economic recessions‚ such as the 1973 and 1979 energy crises. The effect the price of oil has on an economy is known as a price shock. In many European countries‚ which have high taxes on fuels‚ such price shocks could potentially be mitigated somewhat by temporarily or permanently suspending the taxes as fuel costs rise.[138] This method of softening price shocks is less useful in countries with much lower gas taxes‚ such as the United States. Some economists
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What is Moral Hazard and discuss the consequences and why they might not be desirable. Also‚ the deductible feature of an insurance policy can affect the impact of Moral Hazard. How so? What is Moral Hazard? In economics‚ moral hazard is the lack of incentive to guard against risk when one is protected from its consequences. As an example‚ we can use the recent events leading to the market crash. Banks were issuing loans to people knowing it was not in their best interest‚ which lead to default
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Wild Cat Falling was a major breakthrough when it was initially published in 1965‚ hailed as the first Aboriginal novel. Colin Johnson‚ as Mudrooroo was then known‚ saw the book republished again in 1992. Despite its age‚ Wild Cat Falling is still a disturbing story‚ not least of all because almost forty years after its first appearance‚ and the improvements in Aboriginal conditions and rights that have occurred‚ the book still resonates far too strongly with the less than satisfactory current life
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Dark Water Rising is a book filled with suspense‚ fine works of literature and of course‚ lots of historical accuracy. When you take this book below the surface‚ there are so many examples of very strong literary context. Here are some examples of text in this book that can be taken below the surface. One example of something that can be taken below the surface is whether the title is appropriate for this book. The title is one of the most important things of the book as it lures the reader to
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GLOBAL CLIMATE CHANGE: RISING SEA LEVELS GLOBAL CLIMATE CHANGE: RISING SEA LEVELS The crux of the sea level issue is that it starts very slowly but once it gets going it is practically unstoppable…There is no way I can see to stop this rise‚ even if we have gone to zero emissions.” —Dr. Stefan Rahmstorf‚Reuters‚ Sep. 30‚ 2009 Changes in the earth’s weather‚ temperature‚ wind patterns and rainfall‚ defines climate change especially changes in the temperature that is brought on by
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The documentary‚ “Sun Comes Up‚” is about how climate change is making the people of Carteret Island relocate to the mainland because their food supply is diminishing and the island is sinking (Redfearn). The Carteret people sent a group of their young people to the mainland to search and ask different villages for some land‚ so they will be able to relocate (Redfearn). They eventually find one village‚ Tinputz‚ that will provide them enough land for five houses‚ this way they can start the relocating
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Rising Powers Shirking Planet 1. Altered States -The new international energy order Klare depicts that in the new energy order‚ countries can be divided into energy-surplus and energy-deficit nations. Deficit states such as China‚ Japan‚ and the United States are compelled to pay ever higher prices for imported fuels as they compete with one another for those materials the surplus states are prepared to supply. Energy-deficient countries may also forge strategic partnerships with friendly energy-rich
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A Valediction: Forbidding Mourning and The Sunne Rising To say that Blake and Donne do not write uplifting poetry is a great injustice to their works. Although some of their poems discuss themes of depressing nature‚ on a wider scale both Blake and Donne write poetry which is not only uplifting but also inspiring and extremely worthwhile to read. The two main themes covered by these two writers are love and death. The poems which use love as the main theme inspire the reader and
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The poem "Rising Five" is written by Norman Nicholson. It is about the human tendency to look forward to the future‚ wondering what will happen‚ hoping for the best and anticipating anything positive (at the expense of living for the present)‚ and how people keep wanting to rush through certain stages of life‚ finally rushing to death itself. The poem begins with the description of a little boy soon turning five‚ and his excitement about his impending birthday. The poet‚ Norman Nicholson‚ stresses
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an elevated number of strokes to those who already carry health problems. People who suffer from asthma‚ heat strokes and even dehydration could all be affected by the higher temperatures (Denchak). In summary we need to be prepared for the rapidly rising temps because society could face major health problems. People who suffer from allergies could be in jeopardy‚ while people who have difficulties breathing are at risk too. Higher temps increase the amount of pollen in the air leading to worsening
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