Sunday, May 24, 2020
Alcohol Is A Popular Ingredient - 1694 Words
In todayââ¬â¢s society, alcohol is a popular ingredient in numerous products and beverages. And for better or worse, alcohol has shaped our civilization for many centuries. Alcohol is any organic compound, which the hydroxyl functional group is bound to a saturated carbon atom. It is classed as a depressant, which is an ingredient that slows down vital functions resulting in slurred speech, unsteady movement, disturbed perceptions and an inability to react quickly. As for how it affects the mind, alcohol is best understood as a drug that reduces a personââ¬â¢s ability to think rationally and distorts our judgment. The term alcohol is originally referred to the primary alcohol ethyl alcohol, the predominant alcohol in alcoholic beverages. Ethanol is thought to cause harm partly as a result of direct damage to DNA caused by its metabolites. Alcohol is absorbed into the bloodstream via small blood vessels in the walls of the stomach and small intestine. Within minutes of drinking alcohol, it travels from the stomach to the brain, where it quickly produces its effects, slowing the action of nerve cells. Some people should not drink at all, including alcoholics, children, pregnant women, people taking certain medicines, and people with certain medical conditions. Anything more than moderate drinking can be risky. Heavy drinking can lead to alcoholism and alcohol abuse, as well as injuries, liver disease, heart disease, cancer, and other health problems. It can also cause problems atShow MoreRelatedEnergy Drinks Essay1231 Words à |à 5 Pagesnineteen-sixties and have become increasingly more popular. There are hundreds of different brands of energy drinks that are sold in grocery stores and gas stations today, and worse than that billions of them are consumed every year. Even though multiple energy drinks are consumed every year, many people are uninformed about; what an energy drink is, what the benefits and non-benefits are, what different types of energy d rinks there are, and how mixing them with alcohol can be seriously dangerous. ââ¬Å"The termRead MoreEffects Of Alcohol On Women s Drinking895 Words à |à 4 Pages Alcohol is very popular amongst all ages of women whether they drink before or after 21 years old or. Women are seen as vulnerable and weak, which is a typical stereotype society defines. A reason why women may drink is indefinite. There is not an exact reason why women drink, but there are many reasons why may one drink. Reasons may consist of positivity and/ or negativity for alcohol; however, there are many negative effects on women. Women drink in order to have fun and get loose, or if theyRead MoreEffects of Energy Drinks1114 Words à |à 5 Pagesbut rather increased energy is due to a variety of stimulants, vitamins, and herbal supplements. Energy drinks generally contain ingredients such a sugar, guarana, ginseng, taurine, B vitamins, carnitine, and ginkgo biloba. Guarana is a leading producer of caffeine, which is the main ingredient in many of the drinks. The caffeine herbs, vitamins and other ingredients combined in energy drinks are supposed to improve strength, endurance, and mental function. According to an article from WebMD, ââ¬Å"SinceRead MoreWhat Is Hairspray Made Of1578 Words à |à 7 Pagesfluorine, and chlorine (a chlorofluorocarbon, or CFC). CFCs are nontoxic, nonflammable, and make almost ideal aerosol propellants. But when it was learned that they causedestruction of stratospheric ozone, they were replaced with other solvents, like alcohols and hydrocarbons. Unfortunately, these are flammable. One of the polymers used is polyvinylpyrrolidine, which is also used to glue the layers of wood in plywood together. An non-water soluble polymer called polydimethylsiloxane is added to make theRead MoreTreatment And Treatment Of Rehabilitation954 Words à |à 4 Pagesprescriptions contained the ââ¬Å"berry of the poppyâ⬠which is now recognized as opium; other ingredients were very unusual such as lizardââ¬â¢s blood, the teeth of swine, and the oil of worms. Although it is impossible to know if this remedies worked because records were not kept. In the 19th century, the medical profession had made extraordinary strides with respect to medical healing; morphine was identified as the active ingredient in opium (a drug that had been used for over 3,000 years) had become the doctorââ¬â¢sRead MoreUnderage Alcohol Drinking And Cigarette Smoking1398 Words à |à 6 PagesThe underage alcohol drinking and cigarette smoking has been a consistent problem for the last few decades. Majority easily blame marketing advertisements to this problem particularly to the rising percentage of alcohol, cigarette, and drug abuse among teens. While this may seem unfair to marketing industry, there may be some truth to that according to research. This study will focus on the probability to ban marketing advertisements of alcohol, cigarette and medically prescribed substances as theRead More Alcohol and its Effects on Social Behavior Essay examples1093 Words à |à 5 PagesAlcohol and its Effects on Social Behavior The characters in Ernest Hemingwayââ¬â¢s novel, The Garden of Eden, exhibit an interesting social behavior throughout the story in their frequent consumption of various types of alcoholic beverages. The character David Bourne especially seems to have one or two drinks often before ordering food when out at the French cafà © near their hotel, regardless of the present time of day. The behavior of these characters, by modern societyââ¬â¢s standards, places themRead MoreEssay about The Health Danger of Energy Drinks735 Words à |à 3 PagesEnergy drinks are a kind of refreshments that are advertised as soft drinks that boost energy. The truth is these kinds of drinks are full of many harmful ingredients, such as sugar, stimulants, and other herbal supplements. Energy drinks are targeting high school and college students who may use this kind of drink to keep them awake for a midterm, or even give them a hallucination feeling any other alcoholic beverages will do. Many studies showed the disadvantageous of these drinks, yet this industryRead MoreThe All Of One Snail Repair Cream Hydrates874 Words à |à 4 Pagesin receiving my package to have it cost less. This is another snail product that I have been using recently along with my CosRX Snail Essence and CosRX All in One Cream. The reason I wanted to try this product out is because it is one of the most popular snail products ever. Iââ¬â¢ve seen Youtubers and Bloggers rave about this products that it made me curious about its effects for me. ___________________________ Directions: ââ¬Å"At your first skincare step, apply proper amount of it to over face and letRead MoreHair Care : Why You Should Think Twice The Next Time You Grab A Shampoo Essay1154 Words à |à 5 PagesShampoo Ingredients in Hair Care Products can clean your hair and leave it looking like you just stepped out of a salon. But have you given any thought to what ingredients you have just subjected your health to? Do you know if your body has just received a does of some potentially dangerous chemical? Chances are, you have not given it any thought at all - But you should... What Do You Put on Your Hair? We are all aware that we should not use artificial or potentially toxic ingredients in our food
Wednesday, May 13, 2020
The Immortalists Book Review for College
The Immortalists Review and Truth About the Book Immortalist by Chloe Benjamin is a novel of sweeping ambition and fiendish poignancy. Aptly titled, the book grapples with the matters of life and death as well as an expiry date ending the latter and initiating the former. Benjamin is keenly aware of the inherent sorrow underlying oneââ¬â¢s failure to cheat mortality, and she is not ashamed to explore it in a gimmicky premise of her novel. In a sweltering summer of 1969, the Gold children ââ¬â four siblings ââ¬â gain a preview of their death. A Romany woman uses clairvoyant powers to predict the exact dates the siblings will die. And thus, the bittersweet novel starts unfolding. It relentlessly draws the readers inside the sticky, humid New York of yore and the cold future that is about to happen. In this reviews and discussion of the Immortalists book, I will argue that the absorbing novel milks the puzzling notions of uncertainty and fate to prepare its readers for a vicarious death experience, which makes the read terr ifyingly liberating. Buy Book Reports Online The Immortalists Analysis and Questions Everyone has dreamt of immortality. This much is certain. Everyone has realized the futility of the heady dream. This is also clear. But how does a person react when they see their death coming a mile off? Benjaminââ¬â¢s tackling of the doomy subject and the ensuing fame attest to the fact that the readers are interested in this kind of questions and answers. This notwithstanding, the rousing read is short on answers. It is up to the audience to make heads or tails of the themes and ideas laid out in the book. As such, the novel can be regarded as a whimsical quiz for book club discussion testing the readersââ¬â¢ ability to answer difficult questions, some of which might not even have been posed. What is it about? I believe that The Immortalists is about personal transformation inevitably following the dissolution of uncertainty. Benjamin nodes to the notion of destiny when she presents the group of children with spoilers ââ¬â exact dates of their death. By revealing the gr uesome ending, the author removes the veil of uncertainty, thereby forcing her protagonists to shiver, panic, and, above all, change. When ending explained, there is nothing left but to change. What is the point of Immortalists book charactersââ¬â¢ life if they have no recourse but to inch slowly to the center of the target drawn by destiny itself? Understanding this, the Gold siblings try to escape the fortunetellerââ¬â¢s ominous prophecies by altering the course and meaning of their life. As one could have guessed, it is not easy to pry open the relentless jaws of fate. The death-defying ambition driving the protagonists becomes their downfall, which often brings the Immortalists comparison to Frankenstein. Is the Immortalists a teen book? Hardly. Yet any teenager would be better off reading it. The Immortalists study guide on vicissitudes and certainties of life, which is recommended to anyone who is about to make important choices. Get Essay on The Immortalists Book Characters in the Immortalists What happens in the Immortalists hits unsuspecting readers in the left prefrontal cortex making them feel happy, and then delivers multiple stinging punches right to the amygdala dumping them in the abyss of sadness. The author throws a vibrant description of the city here and a lurid sex scene there to warm her way under the readersââ¬â¢ skin. Being caught in the florid details of the charactersââ¬â¢ life, one stops worrying how do each die and starts living with them. But each death date has been predestined. When the first character ââ¬â Simon ââ¬â is getting crossed off a list, readers start feeling the cold undercurrent of the novel. Benjamin leaves them wondering: ââ¬Å"Does Simon get AIDS in the Immortalists?â⬠Then, the emotional piquancy of the novel spikes again when its plot veers toward the story of Klara magic obsessed character. How does Klara die in the Immortalists? Being a magician, the character thought that ââ¬Å"there must be a loophole, a sec ret trapdoor.â⬠Klaraââ¬â¢s solution was to kill herself. She died. The readers participated in a magic trick: the abyss of sadness had a false bottom; they kept reading and kept falling. Daniel death was another trapdoor. There are many decent quotes from the Immortalists, but one that can be used in the stead of chapter summaries is provided by Daniel. It seems that he is the only Gold who realizes that ââ¬Å"most people enjoy a certain level of impotence. But [â⬠¦] we do have control ââ¬â so much that it scares us to death.â⬠The writer does not want to challenge his assumption. She immerses the readers into the rich story of Varya, as well as her relationships with Frida and Luke, only to let the reins go and end the book. She no longer controls the story ââ¬â the readers do. It is up to them to decide how Varya die even if it scares them to death. Why is The Immortalists so Good? Is Critique Unwarranted? The novel has garnered largely positive feedback. Some literature connoisseurs have carped that Benjaminââ¬â¢s book is overrated and ridiculed it for being excessively metaphorical and mawkish. However, the novelââ¬â¢s success indicates that nobody has taken these unwarranted cavils to heart. It can be argued that the American readership was unswayed by the criticism because everyone enjoyed Benjaminââ¬â¢s candor and lightness of hand. And these two are the key ingredients in the ââ¬Ësuspension of disbeliefââ¬â¢ spell. The Immortalists gives the spellbound audience a chance to experience a vicarious and plausible death, which makes the book so imminently great and terrifying. Pay to Have a Book Review Done
Wednesday, May 6, 2020
2nd Order Vanity Free Essays
2nd Order Vanity Rick Vigorous is a very jealous finance and pays his therapist, Dr. Jay, to find out everything Lenore thinks. Rick believes this is helping him in his relationship but itââ¬â¢s actually causing conflict and loss of money. We will write a custom essay sample on 2nd Order Vanity or any similar topic only for you Order Now This is the typical case of jealousy doing more harm than good. Rick and Lenore are engaged. Rick is 18 years older than Lenore, is divorced, has a son, and is also CEO of Frequent and Vigorous, where Lenore also works. The two met at Dr. Jays. Rick is extremely jealous of Lenore and believes that any unmarried man is a threat to his relationship. Rick continues to see Dr. Jay because he tells him everything Lenore confides in him. Rick is so obsessed that when Lenore doesnââ¬â¢t immediately show up for work he writes in his journal, ââ¬Å"Lenore, come to work, where I am, remove yourself from the shower and come to work nowâ⬠¦Ã¢â¬ (32). The weirdest part of all is that when Lenore isnââ¬â¢t sleeping in the bed with Rick, Rick will have a dream about sexually pleasuring Queen Victoria with a tortoise shell hairbrush. Rick suffers greatly from second order vanity. ââ¬Å"A second order vain person will sit up late learning jokes in order to appear funny and charming, but will deny that he sits up late learning jokes. Or heââ¬â¢ll perhaps even try to give the impression that he doesnââ¬â¢t regard himself as funny at allâ⬠. Rick may not try to be funny but, he will use Dr. Jay to get info on Lenore and then try giving the opposite impression that he is simply using Dr. Jay for professional help. Rick attempts to hide his obsession with Lenore from her. Even when Lenore gets suspicious of Dr. Jay and Rick working as a team, Dr. Jay goes so far as to lie for Rick and deny the accusation. He also writes about trying to have sex with one of Lenoreââ¬â¢s shoesâ⬠¦ ââ¬Å"I will confess that I, once in a moment of admittedly irresponsible degeneracy, tried to make love to one of the shoes, a 1989 All-Star high-top, when Lenore was in the shower but failed to be able to bring the thing off, for familiar reasons. â⬠(Wallace 59). He also believes that Dr. Jay is secretly in love with Lenore; Dr. Jay just tells Rick he is insecure. Another example of Rickââ¬â¢s insecurity is the way he acts when he meets Wang Dang Lang in the gay bar. He notices that he hasnââ¬â¢t peed once after drinking so many beers. Rick thinks that this is manly and admires Wang for that and decides he wonââ¬â¢t pee until Wang pees, or else that will show weakness. Rick ultimately comes up with an excuse to use the bathroom. He tells Wang he wants to see if his initials are still carved in the stall from when he went to college. Wang Dang Lang follows behind him. Rick even admires the way Wang Dang Lang takes a leak and aims for the deodorant. Rick and the guy who suffers from second order vanity act like theyââ¬â¢re not trying to hide their insecurities in the first place. This is something people suffer with daily. Lenore is just a kind person with some insecurity, but not nearly as much as Rick. She is a little lost trying to find her place in the world, which is why she sees Dr. Jay to help her with identity struggles. Lenore has a successful father with lots of money but she chooses to work a minimum wage job at Frequent and Vigorous. Her grandmother Lenore, who she visits all the time, is MIA and her brother LaVache has a fake leg with drawers for hiding his weed. Lenore suffers from hygiene anxiety and Rick estimates she showers about 5-8 times a day. She spends most of her time with Dr. Jay discussing hygiene anxiety, which basically means she feels dirty in stressful situations. Dr. Jay just wants Rick and Lenoreââ¬â¢s money and will do anything to get it. For example: betraying Lenoreââ¬â¢s trust by telling everything she talks to him about to Rick. Then when Lenore tells Dr. Jay sheââ¬â¢s out of money and canââ¬â¢t see him, Dr. Jay advises her to come back as soon as she gets money because he is ââ¬Å"here for herâ⬠, and toâ⬠get Rick to give her moneyâ⬠. Dr. Jay is a quack and a con artist! All Dr. Jay talks about is the smell of breakthrough. Lenore calls Dr. Jay, ââ¬Å"the worst psychologist of all timeâ⬠. She pays him roughly 2/3 of what she makes and still continues to see the guy! In the story about the man who suffers from second order vanity, he goes to enormous lengths to hide his vanity from his beautiful girlfriend which whom he lives with. This is just like Rick. How to cite 2nd Order Vanity, Papers
Sunday, May 3, 2020
Global Economic Crisis Causes and Consequences â⬠MyAssignmenthelp
Question: Discuss about the Global Economic Crisis Causes and Consequences. Answer: Introduction The purpose of this report is to explain about the impact of global financial crisis (GFC) in the UK economy that started in US during the period 2007 and 2008. The GFC that began in 2007 with the crisis occurred in the market of subprime mortgage in the US, which then developed into international banking crisis. In fact, the investment bank named as Lehman Brothers collapsed during this period. Huge risk-taking by the US banks including Lehman Brothers facilitated in magnifying financial impact globally. At the epicenter of GFC, there was huge tensions around the globe, the Federal Reserve in US brokered deal that permitted JP Morgan in acquiring Bear Stearns (Berkmen et al. 2012). In addition, the Lehman Brothers that has been filed for the bankruptcy security also followed by radical losses in their stocks as well as assets devaluation. Palliative monetary as well as fiscal policies had been implemented in order to prevent collapse of global financial system. This financial crisis led to downturn in the economy not only in the US but also in other nations worldwide. The effect of the GFC on the UK economy was larger than few other nations because of some particular factors. This financial crisis hugely affected on the housing market of UK. The prices of the houses have increased at high rate during the year 2008. Therefore, with rising trend in the values of property since deregulation, the markets of mortgage became highly profitable as well as attractive to all the banks in the global world. As a result, UK experienced decrease in manufacturing activities and rise in rate of unemployment in the labor market. Even the global export of products and services of UK declined at high rate (Cowling, Liu and Ledger 2012). Moreover, this GFC adversely affected in this nations trade and thereby the government of UK protected local industries that issued protection policies in reducing imports. This also led to decrease in imports of UK during this period. Causes of Global financial crisis The main causes of this GFC were due to credit crunch as well as housing bubble. The primary cause of the GFC during the period 2007 -2008 was due to deregulation in financial sector. This allowed the banks in engaging in trading hedge fund with derivatives. However, the banks then demanded large mortgages for supporting sales of the derivatives. They even created interest on loans and this benefitted the subprime borrowers as it became affordable to them. The main causes of GFC during the period 2007-2008 are illustrated below: The GFC has commonly believed to have started in 2007 with the crunch in credit when the confidence loss of the investors in US in sub-prime mortgages value resulted in liquidity crisis. This led the federal bank in US to invest huge amount of funds into the financial markets. As a result, the crisis worsened owing to high volatility of stock markets in the globe (Chor and Manova 2012). The crunch in credit defines as the sudden funds shortage for lending, which leads to decrease in availability of loans. Credit crunch occured due to several reasons, which includes- Sudden rise in rate of interest Direct control of money by the respective economys government Scarcity of funds in capital market In US, the housing market suffered largely because several homeowners had pulled out their subprime mortgage loans as they had less ability in meeting their mortgage reimbursement. This was triggered by decrease in the prices of houses after crumpling of housing bubble. This lead to delinquencies of mortgage and devaluation of securities that is related to housing. In addition, the competitive pressures as well as few government regulations had led to rise in subprime lending amount during this period. The value of subprime mortgages in US was recorded at $1.3 trillion during the year 2007, with near about 7.5 million outstanding first-lien subprime mortgages. Moreover, the decrease in household investment preceded recession, which further led to decrease in household expenditure and business investment. Moreover, the borrowers had negative equity as the residence value plummeted. As numerous borrowers defaulted on their loans, the banks in US faced bad condition because the reposses sed residences were worth less in that market. Even the banks had huge crisis of liquidity and thus receiving housing loans became highly difficult due to fallout from this lending of subprime mortgage loan. Reduction in expenditure was vital in this sector due to decline in high residential debt as well as residential price. Therefore, collapse of residential market in US had triggered to GFC. Impact of global financial crisis in the UK economy The GFC during the period 2007-2008 had increased the rate of unemployment in UK from 5.1% in 2008 to 9% in 2012. From the figure below, it has been revealed that, the rate of unemployment was floating between the range of 4.3% to 6% during the period of GFC. Furthermore, it increased to 8% rate within this period and this further worsened to 8.4% in 2011. From the Office for National Statistics (ONS), it has been noted that the unemployed person in this nation increased from 48,000 to 2.7 million during the period of 2007-2008. Several jobs were lost in some top companies and the banks in this nation have either collapsed or merged as a result of GFC. However, the workers who have lost their jobs faced huge difficulties in finding another job as the firms stopped their recruitment during this period. There were not enough places for job for filling up the job seekers. As a result, this declined the standard of living of these unemployed workers (Choudhry, Marelli and Signorelli 2012). Several young persons of this nation preferred to remain at home based on claiming benefits of joblessness rather than opting for another job that would actually raise the saddle of UK government deficit. Besides this, the GFC had also adversely affected both the small and large companies. Loss of jobs of some workers declined the total productivity of t he business. There are few other reasons that led to slowdown in total productivity since GFC that includes- misallocation of resource among the present companies, drop in entrance of new firms and scarcity in innovative destruction of firms (Tanveer Choudhty, Marelli and Signorelli 2012). As a result, the financial performance of these companies decreased during this period. Hence, the fall in rate of unemployment in the UK economy adversely affected the GDP (Gross Domestic Product) of this nation. Following the GFC in 2008, the banks in UK lending to businesses declined significantly. The manufacturing sector in UK suffered large blow from GFC. According to the data released by office of national statistics, it has been noted that even after the financial crisis, the total output of the manufacturing sector dipped below 2%. Impact on housing prices in UK There has been huge change in nature of housing market in UK due to this GFC. The value of the average residences in UK had lost by about 20% during this period. The figure below reflects that the prices of residence declined sharply during the period 2008 to 2011 by 25% after this GFC. The crunch in credit was mainly driven by huge increase in default on the sub-prime mortgages. The crunch in credit also adversely affected in the UK. The mortgage lenders in UK did not lend bad mortgages to the people of this nation. However, this credit crunch had large control in UK than that in US. The Northern Rock bank in the UK was the main victim of this GFC. However, the crunch in credit resulted in huge problem in this region of UK. This region had high percentage of financed loans as well as risky loans through reselling it in the capital sector. Due to this crisis, this region faced huge difficulties in raising funds in the capital markets (Luckhurst 2016). As a result, there was huge shortage of funds and hence they asked for help of emergency funds from the Bank of England. Owing to this action, the customers feared about their savings and hence they started to withdraw it from the banks. In addition, the crunch in credit has led to change in UK mortgage market. However , the mortgages in this nation have become highly expensive. As a result, the risky product of mortgages has been eliminated from the UK market. Furthermore, the banks in UK continued to face huge problems such as HBOS struggled in financing their balance sheet. The Northern Rock bank financed increase in lending with the help of borrowing. As a result, the money markets in UK could not increase money for maintaining liquidity (Atkinson, Luttrell and Rosenblum 2013). It also led to decline in price of houses. As the mortgages were very difficult in achieving, it slumped the housing demand in the nation. This resulted in decline in prices of houses and led to negative equity. Owing to lack of supply, the prices of houses in UK recovered quickly from the international market. Impact on UKs imports as well as exports The GFC totally changed the condition of imports as well as exports in UK. Besides UK, several other countries faced huge decline in exports as well as imports of products and services. The exports of goods from UK were not absorbed by other countries and this led decline in this nations export by near about 22.1% in USD. Hence, the GFC had adversely affected the trade in UK. When large banks in UK began to grasp, there was immediate fall in lending between two banks. The financial institutions in UK that still continued in borrowing fund had found that interbank lending rate had increased overnight (Grant and Wilson 2013). In addition, the insuring credit cost increased at high rate and thus decrease in lending led to downturn in various types of business especially in housing sector. This resulted in huge losses in banks and bankruptcy of companies in this nation. The 2008 GFC has adversely affected on the exchange rate of UK. However, the currency of UK (sterling) reduced by near about 7700 points and this in turn also triggered to decline in imports by one fifth of total amount during this period. As some people moved the money out of this nation, they purchases other currencies leading to reduction in the Sterling value. There are several factors that influences the currency value that includes- deficit in current account, reduction in value of exchange rate etc. Therefore, if this nation has huge deficit in current account, then it can be predicted that deficit in trade might give downward pressure on their currency (Demirguc?Kunt, Detragiache and Merrouche 2013). However, the decline in Sterling value in the year 2008 was related to trade deficit in UK and low competitiveness. . Moreover, zero rate of interest, printing of money and rise in debt also puts pressure on the exchange rate value. During the recession period, inflation rate should likely to decline. This is because lower rate of inflation might facilitate the nation in becoming more competitive , which in turn might raise the currency demand leading it to increase. If the nation enters into financial crisis, the investors might lose their confidence. For example, GFC means rise in debt to nations GDP and this in turn might results to concern over the bonds reliability. But the investors might also keep hold of their confidence in their currency despite moving into recession period. Economic policies implemented by the UK government in response to this global financial crisis The GFC during the year 2007-2008 led to sudden change in UKs economic policy. Prior to this GFC, the UK government changed the economic policies preaching price stability, financial regulation and fiscal prudence. There are basically three main policies that the capitalist government adopts for controlling the economy, which includes- fiscal policy, monetary policy and supply side policy (ChinaAbout.net, 2017). Fiscal policy refers to the policies in which the instrument applied by government of the respective country affects the economy such as taxation policy, public expenditure etc. On the other hand, monetary policies consists of few instrument such as interest rate, money supply, valuation in exchange rate that government implements for mitigating the effects. Furthermore, supply side policies refers to the tools that encourage expansion of output as well as production in a particular nation with the objective of attaining various economic targets. The UK government decided to implement various schemes that provides guarantees to the depositors for eliminating bank runs. As the Northern Rock of UK faced huge bank runs, the UK government had guaranteed 100% return on deposits for the depositors. The limit of this guarantee had increased to 50,000 GBP in the year 2008. Moreover, the government also implemented policies on tax cuts such as 120 GBP cut in tax to the basic tax payers in this nation. In addition, land tax and stamp duty was eliminated on the properties that valued at 175,000 GBP. Even, the corporation rate of tax was reduced in the year 2008 from 30% to 28%. The UK government also strategized to spend 4.5 billion pounds on their public works that includes public housing, energy efficiency. The government increased their spending and the revenue obtained from taxation reduced. Hence most of the expenditure was done with the help of borrowing. The UK government also pursued expansionary monetary policy that aimed at raising the aggregate demand in order to counter decrease in GDP level (Cukierman 2013). For easing LIBOR and rate of interest in this nation for attempting to limit crunch in credit and making enough funds available. Additionally, the government used supply side policies insufficiently as the influence of it generally takes place for long time. Conclusion The GFC has adversely influenced many countries apart from US. Northern Rock, the retail bank of this country had been the first main causality from this GFC. However, they had to take help from the Bank of England for the emergency funding. From then onwards, this nation faced numerous adverse consequences. There was impending crunch in credit owing to lack of liquidity and this had been reflected from the high rates of LIBOR that recorded to 6.5%. Meanwhile, there had been growing concerns about the insolvencies as well as soaring levels of debt amongst the public. It also increased the level of unemployment of UK and this adversely affected the GDP of the economy. In the fourth quarter of UK in the year 2008, the GDP declined by 1.5%. Additionally, it had huge impact on the prices of residence and exchange rate in UK. Moreover, adoption of economic policies by the UK government including expansionary monetary policy, fiscal and insufficient supply side policies helped the economy in recovering from the GFC. References Atkinson, T., Luttrell, D. and Rosenblum, H., 2013. How bad was it? The costs and consequences of the 200709 financial crisis.Staff Papers, (Jul). Berkmen, S.P., Gelos, G., Rennhack, R. and Walsh, J.P., 2012. The global financial crisis: Explaining cross-country differences in the output impact.Journal of International Money and Finance,31(1), pp.42-59. ChinaAbout.net. (2017).THE FINANCIAL CRISIS: UNITED KINGDOM POLICY RESPONSES FROM THE GOVERNMENT - ChinaAbout.net. [online] Available at: https://www.chinaabout.net/financial-crisis-united-kingdom-policy-responses-government/ [Accessed 16 Nov. 2017]. Chor, D. and Manova, K., 2012. Off the cliff and back? Credit conditions and international trade during the global financial crisis.Journal of international economics,87(1), pp.117-133. Choudhry, M., Marelli, E. and Signorelli, M., 2012. Youth and total unemployment rate: The impact of policies and institutions.Rivista internazionale di scienze sociali. Cowling, M., Liu, W. and Ledger, A., 2012. Small business financing in the UK before and during the current financial crisis.International Small Business Journal,30(7), pp.778-800. Cukierman, A., 2013. Monetary policy and institutions before, during, and after the global financial crisis.Journal of Financial Stability,9(3), pp.373-384 Demirguc?Kunt, A., Detragiache, E. and Merrouche, O., 2013. Bank capital: Lessons from the financial crisis.Journal of Money, Credit and Banking,45(6), pp.1147-1164. Denis, S. and Kannan, P., 2013. The impact of uncertainty shocks on the UK economy. Frankel, J. and Saravelos, G., 2012. Can leading indicators assess country vulnerability? Evidence from the 200809 global financial crisis.Journal of International Economics,87(2), pp.216-231. Grant, W. and Wilson, G.K., 2013.Consequences of the Global Financial Crisis(p. 287). Oxford University Press. Luckhurst, J., 2016. Strategic Economic Effects of the GFC. InG20 Since the Global Crisis(pp. 23-61). Palgrave Macmillan US. Rodrik, D., 2017.Populism and the Economics of Globalization(No. w23559). National Bureau of Economic Research. Sawyer, M., 2012. The tragedy of UK fiscal policy in the aftermath of the financial crisis.Cambridge Journal of Economics,36(1), pp.205-221. Scanlon, K. and Elsinga, M., 2014. Policy changes affecting housing and mortgage markets: how governments in the UK and the Netherlands responded to the GFC.Journal of Housing and the Built Environment,29(2), pp.335-360. Shiller, R.J., 2012.The subprime solution: how today's global financial crisis happened, and what to do about it. Princeton University Press. Silas Sargunam, S., Sathish Kumar, A. and Mary, T., 2016. Global Economic Crisis-Causes and Consequences.ITIHAS-The Journal of Indian Management,6(1). Statista (2017).UK unemployment rate 2000-2016 | Statistic. [online] Available at: https://www.statista.com/statistics/279898/unemployment-rate-in-the-united-kingdom-uk/ [Accessed 16 Nov. 2017]. Tanveer Choudhry, M., Marelli, E. and Signorelli, M., 2012. Youth unemployment rate and impact of financial crises.International journal of manpower,33(1), pp.76-95. Te Velde, D.W., 2012. The global financial crisis and developing countries Taking Stock and Taking Action.Briefing Paper No,54.
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