Usa economy Research Paper Example | Topics and Well Written Essays - 750 words

Usa economy - Research Paper Example The present US economic crisis would possibly get recovered before 2010 has been a serious matter for discussion throughout various media for last few months. This research work attempts to analyze the current crisis and factors that are more likely to help the economy overcome the current economic turmoil. This paper discusses how the plans that are taken by new president Barack Obama can bring possible changes within the economy so as to save millions of families who suffer from job loss, falling of wages and home values and other difficulties. US new President Barack Obama has been shining out as the opposite of affirmative section, because he is paradoxically a post racial figured among those who are exhausted of racial discriminations. But, this is now his most challenging time to put efforts in order to save the economy. Robert Kuttner (2008) emphasizes that all of the promises and expectations come to naught if Obama fails to help economy overcome the deepening recession caused by distressed financial system and bad consumer purchasing power. (p. 17). The crisis had greater impacts on US politics that in turn it became the challenge for Obama. According to David McKay (2009), â€Å"The effect of the crisis on American politics was profound. First it helped plunge the economy in to recession-a recession that in turn helped Barack Obama secure the presidency in 2008† (p. 398). When he became US president, people expected him to come with effective measures to overcome economic crisis and thus the economic crisis itself had brought responsibility upon him. Obama’s challenge includes finding solution to the simultaneous outbreak worldwide inflation, the increasing unemployment, the worst collapse in housing market price, banking loss between $1 and $2 trillions of capital and widening income insecurity and inequality. When President Barack Obama announced his

Globalization, Gentrification and Migration Impact to New York Coursework

Globalization, Gentrification and Migration Impact to New York - Coursework Example There has been an argument as to whether the processes of gentrification, globalization, and migration lead to involuntary displacement of the low-income residents in a city. For instance, in New York City, the low-income residents are not likely to move out of a gentrifying suburb than they are to move out of a non-gentrifying suburb. On the other hand, the process of globalization in New York is explained in terms of the strategic sites where various global processes materialized and the various linkages that join them. Among the above-mentioned sites are the off-shore banking facilities, export processing areas and the global cities (Hamnet 1994, p.422). According to Sassen, the rapid growth of the global economy in New York City has led to the modern geography of marginality and centrality. The above mentioned modern form of geography causes inequalities, nevertheless, it leads to the formation of dynamic economic growth, where the city operates from the development of the employment structures to the distribution of telecommunication. New York as a global city possesses a lot of economic powers and various financial services, which offer super-profits. The level of transactions in New York specifically through the trade in services, financial markets and investments have rapidly increased, therefore, the orders of magnitude involved have also increased.