Global Financial Crisis Essay

The current global financial crisis which became prominently visible during September of 2008 is considered by most economists and world leaders the worst kind since the Great Depression. It is equated with the failure in conservatorship of the many financial institutions based in the United States of America. The US is considered the most powerful and the wealthiest nation or country in the whole world that every change that occurs can affect the current status of different countries. The failures committed by the US financial firms have evolved into global crisis affecting the financial stability of different continents like Europe and Asia. In Europe, bank failures and decline in various stock indexes are experienced. Also a large reduction in market values of equities and commodities in the world market occurred. Around the world, the United States of America is very influential and is the most prominent country in the world. One proof of this is the currently finished presidential election of 2008. Each and every nation in the world had their bets on who is going to attain victory between the two candidates running for office. The whole world is not taking their eyes of on who will win between John McCain, a white candidate and Barrack Obama, a black candidate. Not only the people of the US are excited in the incoming results but every person, mostly world leaders, are anticipating on the victory of the republican and the one who is craving for change. McCain is the presidential candidate that every person sees as someone who will continue the way current president George Bush rules the country while Obama, the other presidential candidate who claims of bringing change in the way the US should be governed. Every community supporting both presidential candidates becomes very vocal on who to put into office. But, the end of every fight comes and the black community and the rest of the United States have spoken putting someone who is craving for change in the position making Obama the first black president of the most influential nation worldwide. Obama attaining victory has inspired a lot of people, making it possible for every person to gain what they mostly wanted and in this moment, change is still possible or change can still be perceived. What is the connection between the current global financial crisis which is considered the major crisis after Great Depression and the just finished presidential elections? Well, the effect of every step that the country is taking affects other countries’ situation. On how the new president will govern the country and how he will offer help to other countries is what every nation is expecting from the most prominent nation in the world. While, the current global financial crisis have started in the failure of the United States which is now affecting the whole world is also very influential but in a very negative way for some other countries. Global financial crisis is mostly equated, or can be treated as economic crisis because the causes and the effects of the said crisis are mainly economic and mostly on the financial stability and the economic state of the country. Economic and financial stabilities can be the changes in prices of commodities, bank failures or unemployment. Some of the causes which lead to the global financial crisis are the following: (1) high commodity prices, (2) trade, (3) inflation, (4) unemployment, (5) return of volatility, and (6) economic governance. High commodity prices can be mostly seen in the purchase of food and oil. Food is very first in the list because it is the main need of every person. The family should have enough food to eat every day to maintain the health of every person. Food is the number one need of every person in order to live. Oil follows food in the list since it is the most exported and imported commodity in the world since most nations are not capable of producing oil while other nations are experiencing a surplus of oil. But the price of oil in the world market have reached $147 which led to the increase of oil prices in every country importing oil and the rise in other prime commodities has followed. Inflation is also present due to excess money supply around the world, speculation in commodities, agricultural failure, rise in the cost of imports and the rise in the demand for food and commodities. Unemployment is also considered one of the causes. The number of graduates or those people looking for jobs is growing largely each year while the number of jobs available does not increase as fast as the number of jobless people. It can be perceived that in the coming year, there will be 20 million people losing their jobs due to the financial crisis. These people who will lose jobs are mostly from the construction, real estate, financial services and auto sectors and industry. Economic governance is also important since it dictates how the economy of the country should be managed not only in time when the economy is stable but also when economic instability becomes unstoppable. How world leaders and economic advisors handle the situation is very important especially in the US because whatever decision they make will not only be perceived by the nation but also of different and other nations around the world that are mostly dependent on the US economic state. The global financial crisis can result to recession, rise in unemployment rate and liquidity crisis. Just after the 2008 US presidential election, leaders of the United States admitted that the country is in recession. This means that the economy is not stable as well as the financial capability of the country. This is the worst that can happen to the most influential country in the world since most of the countries in the world are depending on the economic changes that will be happening in the US for economic changes in their countries to also occur. Another worst effect that can be expected if the crisis will not be stopped is the rise in the unemployment rate all over the world. Major companies will be experiencing problems in their balance sheets that may result to the company closing down or laying off a number of workers. The global financial crisis may result in the economy slowing down and jobs will surely be affected. In what way? Investors might be experiencing emotions in the presence of paper based losses and there will be a visible decline in wealth. The state of the investment can experience a bad state that will choose to either close down or be taken over y competitors. Major companies can also result in selling their shares of stock because of the liquidity crisis. In this moment, banks will not be willing to lend money to other banks to protect the money and assets that their investors and depositors have trusted them. It will be a big risk for banks to lend money to other banks since some banks are already experiencing bankruptcy. Another thing is that importing and exporting products from other countries will be costly that the exportation and importation rates can be slowed down. In the exporting country, the commodity prices will be experiencing a decline. The exportation process slowing down, there will be lower prices for goods and services. The presence of the major global financial crisis has forced policymakers to focus on the problem well and come up with reforms that will address the problem encountered due to the crisis. Some policymakers had come up with reforming the global financial system in order to address the problem. World leaders and economic advisors have already conducted meetings regarding the global financial crisis talking about possible steps to address the problem itself and the problems that rooted to from the major crisis. The global financial crisis may have dangerous consequences mainly to the urban and rural poor, the labor sector and women and other marginalized sector of the society. These sectors are the most vulnerable to the changes that will be brought by the crisis so the country must first focus on these sectors. Policies focusing and protecting these sectors must be implemented to avoid involuntary hunger and unemployment rate. Since these are expected to be the most affected by the crisis, the state should be able to implement policies regarding social protection of these sectors. Companies who are mostly managing and holding these sectors must consider the state of the workers before deciding to lay-off workers. The most possible way is to offer lower salary for the workers if some of them will not agree to being removed from the job. The lower the salary, the greater the possibility for the owners to pay all the workers and there will be no problems regarding formation of unions because of the removal of employees. The companies just need to talk it over to their employees before making a move because the laborers will be the most affected sector. Investors and depositors are starting to save money on their own than putting them on the banks since there are a number of banks experiencing difficulties in maintaining their balance sheets which can result to bankruptcy. Most of these investors and depositors are afraid to trust the banks to take care of their money due to the fact that when the crisis ill become bigger, they will have no money to spend on their basic needs. In this way, the state can talk to the central bank in lending money to banks that need most of the supplies of money to adhere to the customers’ needs and wants. Investors and depositors still have the rights to their investments. The state should also allocate budget for basic services. Long term plans are not possible at this very moment of crisis since as time passes by the number of people who might be experiencing difficulties due to the crisis is rising. The state should not focus on what can be done for the future but focus more on what can be done today to address the current issues brought about by the global financial crisis. Short-term goals are more advised right now since there is a need for a quick recovery for other people especially the ones belonging to the lower-income groups, they are the most affected anyway. Overseas workers have been laid-off because some companies are securing jobs for their own country men. Overseas workers should not just be removed from their work; even though they are not from the country they should be given the same right as every worker in the country has. Protection of these workers should also be implemented since most of them are taking jobs that the citizens of the country cannot take to get as jobs since most of them see the jobs very low. The global financial crisis might bring something unexpected to the country. As some economists have already perceived the rise in unemployment rate, liquidity crisis and recession might occur. Some may say that this is uncontrollable yet certain measures must be taken to address the problem at the present. Short time goals are the most advised at this moment. s

Les Murray’s “The Widower in the Country” Essay

In â€Å"The Widower in the country†, change is conveyed in many ways. The poem shows that change can bring a life of isolation and loneliness. The poem also shows how change is not always embraced and how we should not lead a life with a lack of change. The title of the poem, the widower in the country immediately gives the reader the impression of an individual in a vast area. This lets the readers know that the widower is alone and isolated. Already, the reader already feels sympathy for the widower, not only because he has lost his wife, but he now lives alone in a vast and empty area. In the first stanza, the first line, â€Å"I’ll get up soon, and leave my bed unmade†, shows how the persona leads a life that is monotonous and repetitive each day. There is a certainty and reluctance in his tone and it seems as though he now has no reason to make his bed, as he is lonely and there is no one who will see the bed even if it was made. At the end of the stanza, â€Å"For I get up late now†, the word â€Å"now† has been deliberately placed to show how the widower has changed his behaviour. In the second stanza, the personification of â€Å"Christmas paddocks, aching in the heat†, imitates the personas own feelings, and the words â€Å"aching in the heart† look like aching in the heart, which is what the persona feels like, as he has lost his wife. Christmas is also usually a time for family gathering, and this highlights how change has caused the widower to lead a life of loneliness and isolation. This stanza is also filled with negative imagery and mundane activities- â€Å"The windless trees, the nettles in the yard†¦ and then I’ll go in, boil water and make tea.† The †¦ at the end of the sentence shows that the widowers day is filled with other activities that are more or the same, again highlighting his life that has a lack of change. The lack of punctuation in this stanza also reflects the widower’s monotonous life and again shows how change can bring a life of isolation and loneliness. In the third stanza, there is again a lack of punctuation. â€Å"I’ll stand out on the hill and watch my house away below, and how the roof reflects the†.  There is a certainty in the widower’s tone and the detached images show he doesn’t want to be in this situation. â€Å"Makes my eyes water† gives us an image of the widower in misery and crying and we feel sympathy for him. This also shows he has not embraced the change. â€Å"Close on bright webbed visions smeared on the dark of my thoughts to dance and fade away† shows how the persona has visions and memories of the past. There is a paradox between bright and smeared and this reflects the persona’s misery. Although he wishes to think of the happier times in the past, they have now become blurred and have faded away. â€Å"Then the sun will move on† shows the widowers unhappiness and â€Å"I will simply watch, or work, or sleep† is a cumulative listing of three monotonous and mundane activities, which highlights the lack of variety in the widower’s life. The sentence also shows how the monotony is never-ending. In â€Å"And evening will come on† the â€Å"and† is placed at the start of the sentence to draw attention to how the widower is so certain about his life as it is always the same, day after day. In the last stanza, â€Å"Getting near dark, I’ll go home, light the lamp and eat my corned-beef supper, sitting there at the head of the table† shows how the widower’s day is filled with even more mundane activities and his reluctance to make any changes. The fact that he is sitting at the head of a table highlights his loneliness, as he has no family, and is by himself. â€Å"Then I’ll go to bed† again shows the certainty in his tone and his lack of change. â€Å"Last night I thought I dreamed† is the only time there is a change in tense and harsh sounding images- â€Å"the screaming was only a possum ski-ing down the iron roof† follows it. The widower has lost all hope as he cannot even dream and has nothing positive to look forward to, not even in his dreams. The poem ends with its only positive image â€Å"little moonlit claws†. With uses of imagery, personification, paradox, assonance and cumulative listing, Les Murray’s â€Å"The Widower in the Country† clearly shows how change can lead to a life of isolation and loneliness.

Boo Radley, Misjudgment and Its Impact

Boo Radley, Misjudgment and Its Impact Before you judge someone, you need to get to know them first. A keen example of this statement is clearly shown within the novel To Kill A Mockingbird. After Scout comes home from a near death experience from Mr. Ewell on Halloween, Atticus tucks her into bed. She just walked Boo Radley home and was discussing a book Atticus was reading. She states how they chased him [the character in the book] but when they finally saw him he hadnt done any of those things he was real nice . Atticus responds saying that most people are when you finally see them. He is referring to Boo Radley, a character in To Kill a Mockingbird, that had helped Scout despite the rumors that he was a psycho. With this quote, Scout comes to closure with Boo Radley. She understands that he is not as evil as others depict him and is actually really nice. Atticus then states that most people are [nice] when you finally see them. Atticus is saying that although others might come off like theyre mean or not approachable, most people are actually really nice once you finally get to know them. After Heck Tate, the sheriff in To Kill A Mockingbird, confirms who killed Bob Ewell, Scout walks Arthur Radley home. She stands on Arthurs porch and then realizes that she had misjudged him. In the beginning of the novel, Scout believes that Arthur is a evil human being that would eat raw rabbit meat and stab his mother with scissors. As she stands on his porch, she begins to stand in his shoes and walk around in them. She realizes that Arthur is actually a really calm and caring person. In this scene, Scout is now fully understands Atticuss piece of advice. Walking around in Arthurs shoes helped Scout come to closure with the Radleys. She now understands that Arthur isnt truly a horrible person and that her assumptions were wrong. Others need to do what Scout did, and put themselves in others positions. They need to consider what others are going through before jumping to conclusions that are often wrong. These two scenes show that people shouldnt jump to conclusions about others t oo quickly because they might turn out to be different than you expected.

You need to answer the following question in the instruction Assignment

You need to answer the following question in the instruction - Assignment Example It is assumed that she is working at Dream Group for more than four years. It is assumed that Sarah has been continually employed with no significant breaks by the Dream Group on a fixed-term contract after 10th July 2002. In such scenario, she should make a protest for change of her employment status to a casual worker. She should ask Dream Group to serve a statement corroborating that Sarah is now a permanent employee. If Sarah’s employer fails to serve a statement or served a statement of reason that they would keep her only on fixed terms’ contract, and if she is aggrieved over it, she can make a claim to an Employment Tribunal for breaching the terms of the employment contract (Furber 2011). Sarah may request the management to provide her work in one of the hotels in the group which is adjacent to her home or to provide flexible working hours to take her child’s educational requirements. In Brennan v Park Vista Care Homes Ltd (ET/3401225/13, 26 Jun 2014), EAT held that there was no legitimate aim in turning down flexible working hour (Equal Opportunity Review 2013). Sarah can demonstrate that the scheme (with no hours of work set) would disadvantage her in that way as well. However, Dreams Ltd may show that the scheme is an impartial way of accomplishing a genuine business aim. As held in Seldon v Clarkson Wright & Jakes UKEAT/0434/13, this should be based on a fair and detailed analysis of the working practices and business considerations (Employment Opportunity Review 2013). In â€Å"Khan v. NIC Hygiene ET† (case no 1803250/04), where a Muslim employee was prohibited from completing his Haji, once in a lifetime commitment for a Muslim, the Islamic pilgrimage to Mecca was a religious discrimination as held by EAT (Meer 2010:197). In Abdirsak Aden & Mahamed Hasan v Tesco, Bedford EAT on 3rd October 2013 held that the act of managers of Tesco, who locked the prayer room meant for Muslim employees and asked them to sign in/out when they

Political Science Russian Politics Essay Example | Topics and Well Written Essays - 1250 words

Political Science Russian Politics - Essay Example After the August 1991 putsch and the dissolution of the CPSU, the DPKR in its first congress was renamed the People's Party of "Free Russia," and was headed by Rutskoi and Lipitsky. It flourished from 1991 to 1993, when it was considered a potential ruling party. Moving in March 1992 into constructive opposition to the course of the Boris Yeltsin-Yegor Gaidar administration, the NPSR reached an agreement with the Democratic Party of Russia, on the basis of which the bloc Civic Union was formed. (McFaul and Markov, 1993) In the 1993 conflict between Yeltsin and the delegates, Rutskoi sided with the latter and landed in prison after the attack on the White House. After his amnesty in May 1994, the party changed its name again, this time to the Russian Social-Democratic People's Party (RSDNP). Its main goals were the creation of conditions for free and thorough development of the citizens of Russia; elevation of their welfare; guarantee of citizens' rights and freedoms; and establishment of a civic society, a social-market economy, and a lawful government. Leaders had different ideas for the party's development: Rutskoi called upon the delegates to participate in the creation of the social-patriotic movement Power, whereas Lipitsky supported the idea of transforming the RSDNP into a social-democratic party of the Western European variety. In March 1995, the split became fact in congress, after which both sides essentially ceased existing. Rutskoi's group began working in the social-patriotic movement Power, and Lipitsky's in the Russian Social-Democratic Union. (McFoul, 2001; Reddaway and Glinski, 2001) In the 1995 elections, Lipitsky's supporters participated in the bloc Social-Democrats (0.13% of the vote), and Power pushed forward its federal list, on account of which a new split occurred in the leadership of the movement, and a number of politicians left it. The new list of Power with Rutskoi at the head received 1.8 million votes (2.6%), while in Rutskoi's homeland, Kursk, it received more than 30 percent. In 1996, Power was unable to collect the required number of signatures for its presidential candidate Rutskoi, and it joined with the bloc of popular-patriotic forces headed by Gennady Zyuganov. Soon afterward, Rutskoi was elected first as cochair of the Popular-Patriotic Union of Russia, and then, with its support, governor of Kursk Oblast. He resigned as chair of Power and fell into conflict with the NPSR and Communist Party of the Russian Federation (KPRF). In 1998, Power, under the chairmanship of Konstantin Zatulin, entered the movement Fatherland of Moscow mayor Yuri Lu zhkov, and on the very eve of elections it split yet again and disappeared from the political scene. (McFoul, 2001) Free Russia gradually emerged from obscurity from the Russian Party of Small and Medium Businesses. This was due to the efforts of former presidential contender Irina Khakamada to revive the liberal movement in the country, which many in the West criticize for alleged backsliding on democracy. It has 55,063 registered members and is little known to the population. It has never run in a national parliamentary election, but gained 11% of the votes in the regional election in the Novgorod Region on October 8, 2006. In the 2007 parliamentary elections, Free Russia registered as a contender and will try to appeal to the right-wing electorate in the 2007 parliam

Supply Chain --- Accessing Markets of the Urban Farmer Dissertation

Supply Chain --- Accessing Markets of the Urban Farmer - Dissertation Example Urban agriculture is totally different from peri-urban agriculture in the sense that urban agriculture is more focused on the use of gardens, vacant lots, balconies and small containers in growing vegetables and crops (FAO, n.d.). On the other hand, peri-urban agriculture is relying on farms that are situated close to a town or city (FAO, n.d.). One of the similarities between urban and peri-urban agriculture is that both types of agricultural activity produces homogenous products. In the study of economics, market structure of an industry is classified as either the market has monopolistic competition, oligopolistic, or a perfect competition (Tucker, 2011, pp. 136 – 180; Arnold, 2010, p. 458). Barrier to entry in urban and peri-urban agriculture is low since anybody can make it a practice to plant and harvest their own food supply. Because of the presence of so many buyers and sellers that sells homogenous products in the market, the market structure of urban and peri-urban f arming is classified as a perfect competition (Arnold, 2010, p. 458). 2.1.1 Mumbai, India Mumbai is one of the largest cities around the world that practice urban agriculture (Krause, 2010). Specifically the progress of urban farming in Mumbai was inspired by Dr. Doshi who conducted an experiment on food production in his own house (Vazhacharickal and Buerkert, 2011). Without requiring huge capital investment, Dr. Doshi converted his 1,200 sq. ft. terrace in Bandra for urban farming activities which allowed him to yield at least 5 kg of fruits and vegetables each day (Vazhacharickal and Buerkert, 2011; City Farmer, 2006). Up to the present time, there is no available statistics that can show how far urban farming is progressing in Mumbai, India. However, there are quite a lot of online videos and other written reviews showing that Mumbai is active in terms of promoting urban farming in this city. The number of Indian people who are actively supporting the practice of urban farming i s increasing. For instance, to compost kitchen waste and sell vegetables, fruits, and herbs, Levenston (n.d.) publicly announced that they are using 5,000 sq. ft. of unused rooftop for urban farming. To compost kitchen waste after feeding more than 30,000 employees, a 3,000 sq. ft. terrace in Mumbai Port Trust was converted into a kitchen garden (Pendharkar, 2008). Last December 2011, Rajesh decided to take advantage of urban farming as a form of business (gtsindia, 2012, 0:27; Levenston, n.d.). To sell urban farming produce to the market, Rajesh’s business partner mentioned that they have been talking to people including their prospective customers such as relatives and friends to support urban farming (1:25). Rajesh and his colleagues tried to convince 25 to 50 people to practice urban farming in their own balconies and terraces. However, one of the main problems that Rajesh have noticed is that a lot of people in Mumbai are still very reluctant whether or not urban farming is a reliable way of growing fruits and vegetables. To convince people to practic

Opera Report Carmen Essay Example | Topics and Well Written Essays - 750 words

Opera Report Carmen - Essay Example The walls were painted in dark or pale shades of grey. The whole set seem to have leaped out of an antiquated book whose pages have turned brittle and its colors have faded with age. I could almost see the book settled quietly on a dusty shelf on the back portion of the library. If set designer John Conklin’s and lighting designer Gary Marder’s intentions were to give a hint to the opera’s tragic ending, then they have been successful in this part. But a story is not just about a happy or sad ending. A story has a beginning, a complicated plot and an ending. In this view, I think the stage could have made use of better lighting. There were some parts where the actors almost disappear into the shadows, especially when they move towards the wall or the back portion of the stage. On the story itself, I give its director, Sonja Frisell, the liberty to make her own interpretation of Prosper Merimee’s novel. I believe that the director should be given enough room to exercise her artistic skills and decide on the details of the story. I think Frisell did a very good job at telling the story of Carmen and her daring adventures on love. I especially love Carmen, both the character and the actress. I like the character Carmen’s go-getter attitude. Although she was a gypsy, she did carry herself well in the crowd and commanded everyone’s attention with her larger-then-life presence. She does not mind how she rank compared to others. She just wanted to live her life to the fullest. And I believe that Nino Surguladze gave justice to Carmen’s colorful lifestyle. She was pretty with an equally captivating mezzo soprano voice. For me, Surguladze and her portrayal of Carmen was the highlight of the show. Finally, the three and a half hours of musical bliss was a great experience. The actors did deliver their pieces quite well. The soprano music is a welcome break from the rock and pop music that floods my senses in

Small and medium enterprises and the effectiveness of technology Essay

Small and medium enterprises and the effectiveness of technology business incubators in Saudi Arabia - Essay Example The combination of all these forces has set the pace for the progress in global economy and defined the way firms have to operate at the global level. What is also important to note that the combination of these forces has actually resulted into economic progress, equality, democratization, equality in income distribution as well as a renewed focus on knowledge growth? Technology specially has made knowledge based progress an important element of new era where only those can survive who have access to knowledge and who can basically innovate and generate new knowledge. The flourishing of technology has been made possible due to an enormous increase in the computing power coupled with the reduced communication costs which has allowed technology to actually flourish and dominate the current market place. (Phillips, 2002) It has been argued that the technology business incubators are the necessary equipments in order to achieve progress through technology led knowledge base enterprises. Different studies clearly outlines that the use of technology business incubators not only allow the firms to gain access to the technology but also improve their chances of survival thus making them stronger enough to better manage risk and uncertainty. Rice (1995) outlined that the basic purpose of business incubators is to help support the process of creation of new business ventures. This focus therefore categorically suggest that the role of business incubators is only limited to the providing of necessary support to the new ventures to become self sustaining and develop enough to manage risk effortlessly. (Rice, 1995) The basic nature of a business incubator is to provide the shared support, training,... According to the research findings business incubators are formed to provide support and resources to the new start up businesses in order to upgrade their ability to survive. Numerous studies have suggested that when new start up firms is passed through incubators, their chances for survival increase. Technology business incubators are focused on providing support for the technology oriented start up businesses to provide them necessary support. Studies have suggested the role of different stakeholders in formation, development and running of business incubators. Further, studies have also been mentioned which focused on different criteria which are used by business incubators to select the firms for support and development. Developing countries face different factors and environment under which they have to develop their technology business incubators. Developing countries like Saudi Arabia therefore will have to improve their human resource base as well as upgrade the resource lev el of its universities to make them equipped enough to provide support. Further, the need for appointing appropriate management to run incubators has also been discussed. This has been discussed with special reference to developing countries and how they can actually visualize different factors which may be considered as necessary to ensure that SMEs are duly supported by technology business incubators. The failure to properly integrate such factors into policy response may not result into desired results of social change and economic progress for developing countries.

What Effects Does Age Have On Graduation Rates From Online Based Research Paper

What Effects Does Age Have On Graduation Rates From Online Based College - Research Paper Example Among these has been the introduction of online college programs that is meant to attract those students who would otherwise not have the time to attend classes on a regular basis. The education system of the United States has become so much eroded that it has now become necessary for students to go to college in order to attain the types of jobs that they would like. In earlier years, especially within the first half of the twentieth century, students who went through high school were equipped enough to attain jobs without having to go to college. However, the education standards came to be raised so much that it has now become necessary for students to spend more time in college in order to ensure that they achieve their academic goals. This has created a situation where individuals are barely able to cope with college education especially when it is considered that the students involved have more priorities other than their academics. It is a fact that many of the college students in the country also have to work in order to earn a living while others even have families and this only works towards increasing the pressure on them to be more productive. The latter situation makes it harder and harder for individual students to continue with their education and this has continued to be even worse as they grow older. This is because the older the students are, the more likely that they will develop other commitments in their lives and this may have an influence on the high dropout rates among them. This is perhaps the reason why the college education system needs to be reformed to such an extent that it stops being class based and instead be based on the internet since the latter is a much easier tool to access for many individuals. This will encourage...A review has also been included in this research which supports the above observations. This study is is substantial to meet the requirements of adult students who are less confortable with traditional college b ased education. The American system of education is considered to be the provider of one of the best quality education when compared to other education systems in the world. However, despite this fact, most of those high school graduates who enter college for the purpose of acquiring higher education unfortunately do not make it to graduation and end up becoming college drop-outs. This happens because of the shifting attitudes of the students regarding the courses which are included in their curriculums and their failure to understand the course outline.Study suggests that only 33% of the freshmen who made their entrance in the University of Massachusetts, were able to complete their education within the period of 6 years. Moreover, less than 44% of students from University of Mexico and 41% graduate from the University of Montana made it to their graduation in the required timeframe . One of the most influencial economists in the current era, Mark Schneider considers the high college dropout rate to be one of the reasons causing slow economic development in the country.