Forward-looking Market Instruments Free Essay Example, 2250 words

The balance of payments role is to record all the countries international transactions (Melvin Norrbin, 2013). This includes all the payments and receipts that are undertaken across the county s borders. International trade in the form of imports and exports is the main avenue where the balance of payments applies. The payments use the concept of a double-entry bookkeeping system (Melvin Norrbin, 2013). In this particular case, each and every transaction has both a debit and credit entry. The system works in a very simple manner, for instance, if credits exceed the debts, it is always concluded that there is a deficit of the surplus. The balance of payments normally upholds the current account (Melvin Norrbin, 2013). It is the sum of merchandise, all investment income, and all services and transactions offered as well as unilateral transfer accounts. Any deficit in the existing account is more often than not balanced by the capital account surplus (Melvin Norrbin, 2013). Balanc e of payments plays an important role in the international markets (Melvin Norrbin, 2013). The dollar is the most used currency in transacting international trade among most nations (Melvin Norrbin, 2013). We will write a custom essay sample on Forward-looking Market Instruments or any topic specifically for you Only $17.96 $11.86/page To counter this, the establishment of international reserve currencies did help to offset this condition in a great way. Balance of trade is normally achieved by subtracting all the merchandise imports from the merchandise exports in order to arrive at the final figure. Further, the settlement balance reflects on all the financial assets held by all international monetary agencies and all the reserve assets transactions.

The Ways And Means Approved The Marihuana Tax Act

The Ways and Means approved the Marihuana Tax Act despite the pushback from the American Medical Association. The importance of that approval from the Ways and Means Committee can’t be understated because many Congressmen blindly accepted their recommendations. Otherwise, they were completely unfamiliar with marijuana. The bill came up for vote in the House at the end of a Friday session with many House members having already left for the weekend. Rep. Snell from New York requested that the vote take place at another time. â€Å"I don’t know anything about the bill. It may be all right and it may be that everyone is for it, but as a general principle, I am against bringing up any important legislation, and I suppose this is important, since it†¦show more content†¦Rep. Vinson from Ways and Means lied about Woodward’s testimony. He said that â€Å"Dr. Wharton† and the AMA fully supported the bill. The Marihuana Tax Act passed through the Senate just as easily. Senate leaders brushed off thorough testimony from hemp farmers who warned that the bill would end their business. They lobbied for an exemption for hemp from the bill. One of those of those hemp farmers, Matt Rens, grew quite frustrated with the proceedings: Matt Rens: The real purpose of this bill is not to raise money, is it? Senator Brown: Well, we are sticking to the proposition that it is. Matt Rens: It will cost a million (jobs). Senator Brown: We thank you, Mr. Rens. (dismissed) The Marihuana Tax Act of 1937 didn’t actually ban marijuana. Like the Harrison Act, it effectively taxed marijuana into the shadows of the black market. Marijuana had sold for about $1 an ounce at the time, but the bill added a tax of $100 an ounce. The Marijuana Tax Act of 1937 effectively taxed and regulated the hemp industry out of business. The reporting and registration requirements alone brought operations for hemp manufacturers to a standstill. The Bureau of Narcotics received many letters from the hemp industry requesting leniency. One letter, just months after the bill passed, from H.W. Bellrose on October 12, 1937 promised that a â€Å"re-birth† of the industry was imminent because of the capacity of his â€Å"World

Social justice free essay sample

Social justice means an equal and fair opportunity for everyone to live in just conditions of the society. It predicts rights regarding social, economic and political matters for the all over development of a person to live a healthy social life. Bullying is one of the most important problem in our society. Bullying comes in many different forms, from cyber bullying to physical bullying. It is not right and it has to stop. Bullying has a negative effect on the victim’s life. Those who are constantly bullied can be pushed to the breaking point, where they could end up hurting themselves or others. For this assignment I planned to do something different. Some of my friends (2 males and 2 females) and I pulled a bullying prank on random public places just to see what people will react. I was disgusted by few peoples behavior. People saw four people were bullying one person physically and verbally and they just walked away instead of helping. Finally I will summarize the implications that I learned from my Course Readings and Review of Literature on Learning Objectives as it relates to my nursing practice. Chosen Topic My chosen subject is social justice. I choose this topic because of the commitment to the community that I live in. Service learning provides a positive impact within the community and develops stronger academic skills throughout my learning process. I am able to make a difference by being an advocate for those who are the most disadvantaged members of our society. Social justice or distributive justice-â€Å"requires that there be a fair distribution of the benefits and burdens in society based on the needs and contributions of its members his principle requires that consistent with the dignity and worth of its members and within the limits imposed by its resources, a society must determine a minimal level of goods and services to be available to its members†¦distributive or social justice refers to the allocation of benefits and burdens to members of society† (Stanhope Lancaster, p. 56, 2010). Our hospital serves the local community and does not discrimina te. Community members can access the Centura Health System when they need care, knowing that they will get equal care and treatment. There is lifelong civic participation, and as a nurse we must be responsible for our actions secondary to the real-life experiences in our communities. Learning Objective The course weekly Learning Objective I choose for the topic is: reflect on service learning as it relates to a sense of community and social justice in society. Nursing schools require a commitment through service learning for students to work with the community and under-served. Through this commitment they are able to reflect on their learning experience through journaling. Students â€Å"critically examine their actions and the larger social issues related to inequality, lack of appropriate health care, poverty, human rights, and social justice† (Kelley, Connor, Kun Salmon, p. 7, 2008). There is a social responsibility that obligates nurse to promote â€Å"equality, access and justice†¦it must be understood that social responsibility is conceptuality different than volunteerism or service learning and it is not a one time experience. It is working for social justice† (Kelley, Connor, Kun Salmon, p. 13, 2008). Our Nursing Code of Ethics guides us toward our duties and responsibilities as a nurse. In provision 8: The nurse collaborates with other health care professionals and the public in promoting community, national, international efforts to meet health needs. 8. 1 Health needs and concerns-The nursing profession is committed to promoting the health, welfare, and safety of all people. The nurse has a responsibility to be aware not only of specific health needs of individual patients but also of broader health concerns such as world hunger, environmental pollution, lack of access to health care, violation of human rights, and inequitable distribution of nursing and health care resources. The availability and accessibility of high quality health services to all people require interdisciplinary planning and collaborative partnerships among health professionals and others at the community, national, international levels. 8. 2 Responsibilities to the public-Nurses, individually and collectively have a responsibility to be knowledgeable about the health status of the community and existing threats to health and safety. Through support of and participation in community organizations and groups, the nurse assists in efforts to educate the public, facilitates informed choice, identifies conditions and circumstances that contribute to illness, injury and meet national health objectives. In addition, the nurse supports initiatives to address barriers to health, such as poverty, homelessness, unsafe living conditions, abuse and violence, and lack of access to health services. The nurse also recognizes that health care is provided to culturally diverse populations in this country and in all parts of the world. Social Responsibility: Conceptualization and Embodiment in a School of Nursing This article went one step further to not only look at social justice but our social responsibility that we develop as part of the framework of the university community. It stated that â€Å"the concept of social responsibility is strongly linked to the values of professions in general and nursing in particular†¦the underlying constructs of social responsibility are woven into the fabric of nursing’s history and its code of ethics and practice† (Kelley, Connor, Kun Salmon, p. 4, 2008). We have a social contract that we have developed between the community and nursing through our service learning and through social responsibility there is an â€Å"obligation to promote equity, access and justice† (Kelley, Connor, Kun Salmon, p. 13, 2008). It promoted that there were multiple professions that were embraced by the community in service learning and their social responsibilities. Later in the article it compared Florence Nightingale in our past roots of history and nursing’s social responsibility with society, health care and the welfare of others.