Currency

According to Grama (2012), although Sino-Russian energy partnership is stable, there are 6 limitations that potentially discourage the further development of the partnership as follows: Both China and Russia is not the primary diplomatic target of each other China and Russia consider more in relation with the Western world. This causes strong impact of Sino-Russian energy partnership as both may sacrifice each other in order to main good relationship with the west. Different position of…

“What would you like to do if money was no object?” This is the question asked in a trending Youtube video narrated by the late philosopher Alan Watts. It encourages young people to live and dream as if money didn’t matter—as if money was no object. Inspiring, to say the least. The notion of dreaming and living without regard for financial reality can open the imagination to entire worlds that money had rendered unrealistic. But profound narrative, dizzying imagery and hypnotic music aside,…

According to Carl Sandburg, “Time is the most valuable coin in your life. You and you alone will determine the how that coin will be spent. Be careful that you do not let other people spend it for you”. In other words, an individual need to know how they can manage their time effectively to have a successful life. Compare to this ideology, I will be discussing how I managed my time? What obstacles made me distracted to approach my goals and how I faced those grievances. In Bollywood movie, Amir…

For my profile of an economist I will present on David Hume. The format of this presentation will be Power Point. Hume was part of the Scottish Enlightenment and lived from 1711-1776. Hume strongly opposed mercantilism and advocated for free trade. One of his key discussions revolved around the price-specie flow mechanism. Hume evaluated British policies that minimized imports and maximized exports as a means of accumulating wealth. Understanding the nature of the market, Hume concluded that…

The early 1870s were an important time for the United States’ Mint. Specifically, 1873 marked the last year that the silver dollar coin would be struck, thanks to the passing of the Coinage Act of 1873. This new Act temporarily ended production of the silver dollar for commercial use. However, while this changed the landscape of coins in the United States, it made these silver coins extremely rare and collectibe. In fact, the 1870 silver dollar coin is known today as one of – if not the –…

Imagine sitting around your computer getting ready to check your bank account and noticing that you do not have enough funds in there to pay an upcoming bill and it has only been a few days since you receive your pay check from your job. After you noticed that you will not be able to pay the bill on time starting to wonder where did all your money had gone. To prevent this event from happening most individual try to take the time to make a budget worksheet so that they can planned how much…

Argentina is a first world South American nation that is working to recover from a period of hyperinflation and government default through newly implemented austerity measures. Political transition and increased defense spending have shown signs of positive development in the Argentine economy over the past nine months. Despite these positive changes, political transition, economic austerity measures, and decreased real defense spending are driving instability within Argentina and threaten to…

Argentina used to one of the most country rich and powerful in 18th century. However, their economy has collapsed. They suffered a huge national debt to foreign creditors, massive privatization, the economic decline of the middle class, hyperinflation, international indebtedness, increasing unemployment and poverty, and corrupt politicians in the 1980s. The first reason is the corruption of the government. Their government in early 1980s was dictatorships, and they were corrupted. Against…

I have been working at Kum and Go since May 2016. In my 7 months working here I find it strange we throw away so much receipt paper. We ask every customer if they would like their receipt and about 9 out of 10 people say they don't. Now I work at a slower store in Colorado Springs and we probably go through a box of receipt paper every 2 weeks sometimes 3 boxes in a month during the summer. Now if all 422 stores in the country are using the same amount of receipt paper as my store at 3 boxes a…

The U.S. Mint should cease the production of pennies due to their waste of money to make, waste of time, their uselessness, and the money that the public will save from its elimination. Firstly, let's look at the penny's waste of money, the current cost to make one penny is about 1.7 cents. This is a significant increase since a century ago, when the penny was worth what the quarter is today. In 2014, the government spent $132 million on $50 million worth of pennies. In other words, we threw…