Analyze one week of world economy Essay Example | Topics and Well Written Essays - 500 words - 2

Analyze one week of world economy - Essay Example Prices slide the better part of the week resulting in weak sales everywhere excluding gasoline. There were declines in sales at food and beverages businesses, clothing retailers and auto dealers offset by unpretentious gains in online retailers, restaurants and bars and home improvements. The control and organize group that excludes gas, building materials, car sales and food services shows a superior consumer enough spending. Although the sizeable decline in the prices of gasoline was foreseen as to enhance general consumer spending, these never happened. Due to the falling in gasoline sales inflation rate dropped, as a gallon of gas prices fell by 18 percent in the week as a result of seasonal adjustments. Personal saving rate also jumped up to 4.9 percent. Moreover, retail sales fell unexpectedly in the week but started rising. However, China economies continue to weaken with the rate of inflation reaching zero. There was a decrease in consumer prices while producer prices plunged unexpectedly. China trade industry of export was inclining. There was a decline in imports and was contributed by the drop in petroleum prices. Japanese economy recovered from the recession and grew with 2.2 percent shaking off the stagnation. Consumer behavior remained soft as the exports increased tremendously. Inflation rate has been moved from the previous rate of 2percent. The gross domestic product noticed an increase of 0.6 percent and the depreciated yen drove up exports further high. Private consumption that takes up to 60 percent of the Japanese economy rose up 0.3 percent. Global economy is slowly and gradually growing and is estimated to grow at 3 percent in the year of 2015.The acceleration was mainly driven by mature economies such as America and the Euro Area mainly because of the decrease in oil

Significance of the Awareness of the Issue of Racism Essay

Significance of the Awareness of the Issue of Racism - Essay Example Considering the notion that had races been socially constructed, then racism would have guaranteed to be a derivative of race and the resultant from social experiences as well. Racism is defined as a belief whereby it is considered as being higher for one race as compared to the other ones. Racism is a subject that shakes the basis of the world population as it sparks off controversies left, right and center. People usually do not speak highly of this subject and would better like to be disassociated with it rather than the other way around. (Kolchin, 2003) There are two distinct schools of thought when one thinks of the racism subject. These align themselves with the question of racism in America as well as its rationales. (Weinberg, 1996) The social psychologists and the sociological theorists are the two broad categories. The scapegoat theory argues that in times gone by, members of the dominant group in the United States have protected a number of different frustrations in their desire to achieve social as well as financial success and also to find expression for these aggravations in the form of anger towards other racial groups. On the other hand, the authoritarian theory is more or less typified by a propensity to rigidly characterize people. The sociological theories focus more on the institutional role played by racism itself. Therefore it would not be wrong here to state that racism appears to be a mixture of the scapegoat, authoritarian as well as the sociological theories surrounding it. While a number of people without hum an intervention characterize the people into groups, they also have the capacity to turn these groups into a series of aggression activities. However, the reason from this may be the lack of involvement connected with the people hailed in a category or a class of their own that is known as the groups other than the one that can be classified in the true sense of the word.