Tuesday, February 25, 2020

Finance project 2 Essay Example | Topics and Well Written Essays - 1000 words

Finance project 2 - Essay Example This means that the products produced within Hungary are sold to other countries in fewer quantities and monetary amounts than the products purchased from those nations. Since all the transactions are carried out in US Dollar, this trade deficit would increase pressure over country’s foreign reserves thus demand from importers (for dollar) will surge and would possibly result in lowering the monetary value of Hungary currency. Perhaps, the most important factor that could result in increasing trade deficit is reversal of international oil and commodity prices because today international economies are coming out of recession and are demanding more oil, food and other commodities to fulfill their domestic needs and oil requirements. Oil prices have already recovered to a level of 75-80$ per barrel and are expected to increase further in near future in the wake of better economic outlook and forecasts. This would put great pressure over Hungarian government because it would incre ase the trade deficit and further deteriorate HUF-Dollar parity. The dollar-HUF disparity (at present the exchange rate is 170 HUF per dollar) is perhaps a major reason of inflation (higher prices) which currently stands at 3% and could increase in near future amid higher international prices of various products. The rule is simple and clear: the higher the exchange rate, the more expensive the imports and prices will observe an upward trend in domestics for these imported products thereby causing inflation. Moreover, the rise in prices will also lower down the purchasing power of people in Hungary; therefore, would result in greater unrest and lower economic growth. People are bound to cut down their expenses to improve their savings. On the flip side, the weakening of US Dollar against international currencies such as Euro, Pound, Japanese Yen etc because of USA’s surging trade deficit and various internal factors might not aggravate the exchange rate in Hungary and could therefore

Sunday, February 9, 2020

Essay on American Revolution in Popular Culture - 1

On American Revolution in Popular Culture - Essay Example It was a bitter experience for those who lived then. This made the fight for freedom and the eventual freedom even sweeter. There is a lot of material in popular culture that seeks to re-create the events back then. One of these novels is Saratoga: A Novel of the American Revolution. The writer is David Garland. This novel was published in the year 2006. At the very beginning, the novel starts in May 19771. The colonies, which today make the United States, unilaterally declare their independence from the Crown. This is obviously not a situation to be treated lightly on the part of the British. They organize a military response that is less than effective. Their initial assumption was that they could easily crush the uprising by isolated groups of revolutionaries. However, they are met by more resistance than they anticipated. The main character in the novel is Captain Jamie Skoyles, a soldier attached to the 24th Foot of the British army. He is a seasoned fighter. One of the interferences of popular culture in as far as the factual depiction of this war in the novel is concerned is a love affair that Skoyles is embroiled in with Elizabeth Rainham who is already engaged. This is a constant feature in popular culture. The need to romanticize war is very prevalent in popular culture. It stems from the fact that romance attracts audiences that naturally would not be drawn to war. These might include women. The rigours of war when soothed by a strong love affair seem bearable. Skoyles is also depicted attending and even meting out floggings to errant soldiers and even enemy combatants. This is an image that has been invented by popular culture. There is the belief that the most effective soldier is the one who does not shy away from violence. This popular culture construct is alive and well today. There are soldiers to day who are rewarded with the nation’s highest honors’ for performing extraordinary and fearless acts. One that comes to mind is that of a