Reference no: EM131280856
The Financialization of American Business
Outside Reading Evaluation Assignment
Book: Makers and Takers: The Rise of Finance and the Fall of American Business, by Rana Faroohar
The Premise of this Profound Book:
The core premise of this book is that as finance has nearly quadrupled in size as a percentage of the U.S. economy over the last several decades, business has suffered and economic growth has slowed. Since the financial sector began to ascend in the 1980's, the number of financial crises (the biggest destroyer of prosperity after war and natural disasters) has increased and overall trend growth has slowed. Deep academic research shows that the growth in size and power of the financial sector in America has coincided with a decline in many metrics of business health, from R&D spending as a percentage of revenue, to the number of new startups being created.
Our financial system today enriches mainly itself, creating only 4% of all jobs but taking 25% of corporate profits. As finance has gotten bigger over the last 40 years, financial fees have roughly doubled, another measure of the industry's inefficiency. The book argues that what we need isn't a financial system that's bigger, but one whose primary function is to support real main street business, but that's not at all what we have now.
Assignment Specifics:
1. Learn the author's ten present problems, which leaves our economy vulnerable to yet another "great recession" which we cannot afford to experience.
2. Following are a number of statements. Before your responses to them, re-state each numbered statement referenced to the chapter where it appears.
3. Then prepare one to two paragraph summaries of the ten problems that the author explains -chapter by chapter on the other side of this paper .
|
How fast an object can move through the atmosphere
: Discuss the similarities between hydraulic jumps in openchannel flow and shock waves in compressible flow. Explain how this knowledge can be useful.
|
|
Responsible for the global financial crisis
: Who was responsible for the global financial crisis of 2007-2009? Free-Market capitalism, government intervention, or a combination of both? Identify the causes of the crisis,
|
|
Case falls under the double jeopardy clause
: Why do you think this case would be transferred into the federal system? Explain. In your own words, define double jeopardy. Do you think this case falls under the double jeopardy clause? Explain your reasoning. What type of documentation will you ne..
|
|
Determine the static temperature and pressure
: Determine the static temperature and pressure, the stagnation temperature and pressure, and the fluid velocity at the duct entrance, just upstream and downstream of the normal shock, and at the duct exit. Sketch the temperature-entropy diagram for..
|
|
Discuss about the the financialization of american business.
: Discuss about the The Financialization of American Business.
|
|
Availability of investment
: The availability of investment capital is critical for a market economy to grow. Explain how this investment capital is transformed into fixed capital goods, new technology, and cost reduction using new methods of production. Also, explain how int..
|
|
Define an array and why you would use one
: Define an Array and why you would use one. Provide an example that is not from the text.
|
|
Determine the length of the pipe
: Supersonic airflow enters an adiabatic, constant area pipe (inside diameter = 0.1 m) with Ma1 = 2.0. The pipe friction factor is 0.02. If a standing normal shock is located right at the pipe exit, and the Mach number just upstream of the shock is 1..
|
|
Journalist may be forced to testify
: The U.S. Supreme Court has held that a journalist may be forced to testify or identify a confidential source only if
|