Compare and contrast Essay Example for Free

Compare and contrast Essay People are always looking forward to their vacation period. There are many options where to choose. I think that the three most common places people choose for taking a vacation are the beach, mountain, and an amusement park. All three places offer a variety of fun activities. The beach offers activities that the mountain or amusement park cannot offer and vice versa. All three places are totally different. The purpose of this essay is to contrast the climate, types of activities and locations of beaches, mountains, and amusement parks. First of all, the three aspects I’m going to discuss about the mountains are climate, types of activities and location. Climate is always important in order to enjoy vacations. If a person dislikes cold weather, he or she might have a hard time in the mountains. The cold climate in the mountains is the first barrier to enjoying them. As I said before, many people don’t enjoy cold temperatures. The climate and the temperature of these zones are what determine the types of activities they offer. Snowboarding, mountain climbing, mountain biking, hiking, and skiing are some of the activities people can enjoy when going to the mountains. There are many regions that have mountains where people can go and have a great vacation. Canada is a country located in North America and full of mountain vacation sites. Inside Canada there are many interesting places where people can go and have fun. Second of all, the three aspects I’m going to discuss about the beach are climate, types of activities and location. Warm climate is one of the most important features that the beach has. Sun and fun are two words that describe the beach. The temperature in those places is always hot. The sea and the warm climate determine the activities that are available at the beach. People can swim, play volleyball, play soccer, and ride water bikes. In most of the coastal sites, there are discos and restaurants where people can dance or party throughout the night. Mexico offers many amazing coastal sites to visit. Acapulco and Cancun are two of the most beautiful and famous beaches in the world. Last but not the least, the three aspects I’m going to discuss about amusement parks are climate, types of activities and location. The climate for an amusement park is almost always hot. If a person doesn’t want to go home with sun burns then the amusement park would not be the place for them. Finally, it doesn’t matter what place a person decides to choose. The fun is 100% guaranteed. People often choose one of these three options to spend their vacations. Depending on what the person likes is what he or she will choose. I like amusement parks better than the mountains or the beach, but sometimes it is better to take a risk and try different places to enjoy.

ozone layer :: essays papers

ozone layer Summary of Learning of the Ozone Experience On the 16th of September 1987, negotiators meeting in Montreal finalized a landmark in international environmental diplomacy: the Montreal Protocol on Substances That Deplete the Ozone Layer. The Successful Conclusion of the negotiations in Montreal was widely hailed at the time as a historic even. As the protocol was the most ambitious attempt ever to combat environmental degradation on a global scale. In the 10 years since that meeting in Montreal, the accord has set in motion myriad actions by national governments, international organizations, scientists, private enterprises, and individual consumers. The results are clear: by 1995, global production of the most significant ozone-depleting substance (ODS) the chlorine, containing chlorofluorocarbon (CFCs) was down 76 percent from its peak in 1988. But three is a substantial lag between the time when emissions begin to decline and the point at which the ozone layer begins to recover, as it takes years for CFCs and other ozone-depleting compounds to reach the stratosphere, and some last for centuries once there. Yet it is clear that the Montreal Protocol ushered in a new era of environmental diplomacy. Although in some ways the ozone story is an inspiration, in other respects it is a cautionary tale. Since it’s beginning, the ozone experience has been characterized by a path breaking partnership between scientist and international policymakers. When CFCs were invented in the late twenties, they were viewed as wonder chemicals nontoxic, nonflammable, non-corrosive, and stable. The seeds of the Montreal Protocol were sown in 1974, when chemist Mario Molina and Sherwood Rowland at the University of California at Irvine published a landmark article in Nature. It hypothesized that the stability CFCs, while an asset for industrial applications, might prove deadly for the ozone layer. Yet the scientific process was initially slow to yield clear answers. Indeed, models in the early eighties suggested that CFCs would cause less severe ozone depletion than Molina and Rowland had initially hypothesized. Fortunately, the scientific collaboration initiated years earlier began to bear fruit. Two months after the Vienna agreement was reached, a scientific bombshell provided a much-needed jolt to protocol negotiations just then getting under way. The findings took the world by surprise: no such precipitous decline had been predicted by any atmosphere models. Ten years after the historic Montreal signing ceremony, the response to the protocol around the world has been substantial indeed.

How Fed Uses Open Market Operations Essay

Open market operations, which consist of purchases and sales of government securities, is the Federal Reserve’s conventional device for exercising monetary policy. Based on the Fed, the term monetary policy refers to the actions taken by a central bank to influence the availability and cost of money and credit and to help promote national economic goals (FederalReserve.gov). These securities transactions help dictate the federal funds rate (rate at which banks lend excess reserves to one another). The fed funds rate is significant to our economy because it somewhat controls the overall financial situation, affecting employment, output, and the overall level of prices. FOMC In 1913, the Federal Reserve Act was passed, giving the Fed authority for setting monetary policy. In 1935, the Federal Open Market Committee (FOMC) was created. They are the board in charge of setting monetary policy for the Fed. THE FOMC implements the policies and also discloses them to the public. The board consists of 12 members that serve one-year terms on a â€Å"rotating basis†. They hold 8 scheduled meetings a year, and discuss economic and financial conditions, proper stances of monetary policy, and risk-assessments of things like price stability and sustainable economic growth (FederalReserve.gov). GOALS of MONETARY POLICY The two primary goals of monetary policy are to promote sustainable output and employment to the highest capacity and to promote price stability. Although monetary policy cannot affect these two things in the long run, it certainly can help influence them in the short-term. An example of this is interest rates. The Fed can lower interest rates to help raise demand and thus help to momentarily stimulate the economy. The problem with this, though, can be inflation. In the long run, attempting to fuel an economy beyond its capabilities will not help unemployment rates or output, but rather, just create more inflation, hurting economic growth. OPEN MARKET OPERATIONS: TOOL of MONETARY POLICY Open market operations are very useful in exercising monetary policy due to their relation with the total supply of balances at the Federal Reserve and the federal funds rate (Edwards, pg. 859). At the federal funds market, using the fed funds rate, depository institutions lend Federal Reserves balances to one another. The total amount of Federal Reserve balances that are available to these institutions is assessed via open market operations. These operations are aimed at either achieving a desired quantity of balances, or a desired price. The problem is that it is difficult to attain both, considering they negatively converse one another. According to Cheryl L. Edwards, of the Boards Division of Monetary Affairs: â€Å"The greater the emphasis on a quantity objective,   the more short-run changes in the demand for balances will influence the federal funds rate; conversely, the greater the emphasis on a funds-rate objective, the more shifts in demand will influence the quantity of Federal Reserve balances.† Throughout the years, the Fed has used both methods for open market operations. ADVANTAGES There are numerous reasons as to why the Fed uses open market operations to control monetary policy. First, the Fed has complete control over the type of open market operation and its size. Second, open market operations can be implemented quite hastily and without delays. They are also flexible, so the Fed can quickly reverse any mistakes. Lastly, the funds rate lets the FED adjust reserve balances when things past the Fed’s control cause reserves to rise and fall (Akhtar,1997). DISADVANTAGES With everything, there are advantages and disadvantages. The disadvantages of open market operations relate to specific, isolated situations. For example, if the money market is not developed, the central bank can’t exert full control over the bank reserves(blurit.com). Also, if commercial banks have excess reserves but still use an easy lending policy, the sale of government securities will not have the intended effect of lowering cash reserves of the commercial banks. And if there is a return of notes from circulation, the securities sale might not be able to â€Å"reduce the cash reserves of member banks†. HOW FED USES OPEN MARKET OPERATIONS The Federal Reserve operates open market operations with primary dealers (government securities dealers that have a strong trading relationship with the Fed (newyorkfed.org). These dealers hold accounts at depository institutions, so when the Fed does funds transactions with the dealer at it’s bank, the transaction either adds to or takes away from the reserves in the banking system. Because of this, open market operations indirectly influence the fed funds rate. Changes to the fed funds rate ultimately have a powerful effect on other short-term rates. CONCLUSION In conclusion, open market operations have always been the most prominent of the three tools used in affecting monetary policy. In today’s technological and highly competitive financial environment, monetary policy can sometimes be difficult, but the Fed still accepts open market operations as the most essential way to control our policies. As Michael Akbar Akhtar, vice president of the Federal Reserve Bank of New York, explains: â€Å"Among the policy instruments used by the Federal Reserve, none is more important for adjusting bank reserves than open market operations, which add or drain reserves through purchases or sales of securities in the open market. Indeed, open market operations are, by far, the most powerful and flexible tool of monetary policy† BIBLIOGRAPHY – http://research.stlouisfed.org/aggreg/meeks.pdf. Understanding Open Market Operations, M.A. Akhtar. Federal Reserve Bank of NY, 1997. – http://www.federalreserve.gov/monetarypolicy/default.htm -http://www.newyorkfed.org/aboutthefed/fedpoint/fed32.html -http://www.federalreserve.gov/pubs/bulletin/1997/199711lead.PDF. Open Market Operations in the 1990’s, Cheryl L. Edwards. -http://www.blurtit.com/q696680.html

Top-5 Famous Memoirs

Here is a list of some of the most well-known memoirs for you to read and think about. Vladimir Nabokov, Speak, Memory Nabokov may be a Russian-speaking writer originally, but it is one of the things that makes him special – he writes in English, and his mastery of the language is unbelievable. It wouldn’t be completely true to call this book a recount of his life before the immigration to the United States – although it does exactly this and does it perfectly, it is to a much greater extent an excellent example of Nabokov’s style, which is a true pleasure to relish for anybody who loves English deeply. Art Spiegelman, Maus There are a lot of memoirs dedicated to Holocaust, but the most famous and well-known is probably Maus by Art Spiegelman. To depict the bizarre and horrific world of German concentration camps the author uses a similarly bizarre approach: this memoir is a graphic novel and all its characters are animals, just like in some children’s comic books. One may think that it helps to alleviate the terror somewhat, but no – it only adds to the atmosphere of unimaginable horror and insanity of Nazi Germany. George Orwell, Homage to Catalonia We all know George Orwell’s 1984, we know it so well that in fact a lot of people forget that he wrote a lot of other things, including Homage to Catalonia. A brilliant memoir about the Spanish Civil War in which Orwell combines his skills of a writer and a journalist tells us the story of this conflict without taking sides, describing the events as he saw them. Robert Graves, Goodbye to All That A memoir written by a well-known British author Robert Graves when he was thirty-four; one will better understand the complexities of the book taking into account the time period it appeared. First published in 1929, this book signifies Graves’ farewell to England in particular and the old world in general, crushed and changed by the catastrophe of the First World War. With old institutions crumbling around him, Graves depicts his life in this world-changing period. Roald Dahl, Boy Childhood autobiography of the author of such excellent books as Charlie and the Chocolate Factory and James and the Giant Peach is fascinating in and of itself: it seems that his life was full of events and characters no less interesting than any of his fiction books. Taking the seemingly mundane moments he manages to turn them into a gripping story one doesn’t think of putting aside until the very end.