The current state of the economy of the United States Essay

The current state of the economy of the United States - Essay Example It is calculated by adding up annual expenditure on goods and services in 4 sectors. The first sector is ‘Personal Consumption Spending,’ involving expenditure on durable goods (like cars and televisions), non-durable goods (like food and clothes), and personal services (like manicures and haircuts). The second sector is ‘Private Investment Spending,’ including expenditure like purchases of real estate, plant and machinery by corporations. The third sector is ‘Government Spending,’ featuring expenditure on goods like armaments and services like wages of public school teachers. The fourth sector is ‘Net Exports,’ which is the value of goods and services exported abroad, minus the value of goods and services imported from other countries (The World Book Encyclopedia). GDP is the most widely used measure to analyze the prosperity of the nation. The U.S is considered the world’s most prosperous economy as it possesses the highest GDP in the world. In 2000 its GDP purchasing power parity which was $ 9.82 trillion, rose to $ 10.13 trillion in 2001, $ 10.47 trillion in 2002, $ 10.96 trillion in 2003, $ 11.71 trillion in 2004, $ 12.46 trillion in 2005 and $ 12.98 trillion in 2006. U.S GDP figures have shown a healthy, continuously rising trend, rising by 3.16 % between 2001 and 2001, 3.36% between 2001 and 2002, 4.68% between 2002 and 2003, 6.84% between 2003 and 2004, 6.40% between 2004 and 2005 and 4.17% between 2005 and 2006 (Cia.gov). As compared to the U.S, other world countries lagged far behind. In 2004, as against the U.S GDP purchasing power parity of 11.71 trillion, China ranked a distant second at 7.272 trillion, followed by an even most distant group of countries led by Japan at 3.745 trillion, India at 3.319 trillion, Germany at 2.3 62 trillion, the U.K at 1.782 trillion, France at 1.737 trillion and Italy at 1.609 trillion

Free Speech Controversy Essay Example | Topics and Well Written Essays - 1250 words

Free Speech Controversy - Essay Example The mother then reported the content of that book to a local news station known as KOAT, which was said to have been biased on how it reported the case. As the case remains undecided, the book may have been removed from the shelves of the library because they found out that it violated school district policies. She brought the book to the attention of other authority bodies such as the Public School officials from Rio Rancho who also agreed on the inappropriateness of the content. On one side of the debate are Catreena Lopez and the Public School officials who are against the book remaining at easy reach of under age students who should not be exposed to pornographic content. On the other side is CBLF that is fighting the challenge and ensuring that the school district of Rio Rancho abides by its pre-established challenge policy (Williams). This policy concerns requesting of reconsideration on library materials as well as the formation of a review committee that should decide the appropriateness of the book and whether it should remain in the library. In this case, the remedy being sought is amendment of the constitution. This is because the challengers would lose the case if the First Amendment stands behind the author of the work in question. The first amendment eliminates governmental constraints to speech implying that it is protecting the author of the book in question (First Amendment).This seems to imply that the only way the book can be kept completel y out of the library shelves is to amend the constitution and include clauses that would forbid the content in that book. Therefore, the challengers are seeking the amendment of the constitution to accommodate their claims of what inappropriateness is and may even prompt the removal of other materials if the amendment goes through. This is not the first time that such a case has been brought up but CNN also highlighted a