Wednesday, March 18, 2020

Free Essays on Leavin’ On A Jet Plane

Recently I was on an air plane traveling to San Diego and I began to look around and notice the people in the cramped confines of the Boeing 707. I found out that the seats behind the over wing exits have less leg room than seats forward of the over wing exit. There are also great differences between the people from Amarillo to Albuquerque and the people from Albuquerque to San Diego. The staff on every flight was different than the last. What I’m trying to show is that people from different areas are as different as the areas they come from, and their true colors tend to show better while in mass transit. On the flight from Amarillo, which from this point will be referred to as AMA, to Albuquerque, which from this point on will be known as ABQ, I found that the people were generally pretty friendly and considerate. And by considerate I mean most of them didn’t lean their seat back so that you couldn’t use your try table, â€Å"which needs to remain in the full upright and locked position during take off and landing†, and the people behind you were not shoving things into the seat back pocket in front of you, constantly jabbing you in the ribs. On the other hand other people from ABQ to San Diego are rude and obnoxious. They tended to do all of the things that I mentioned above that the people from ABQ did not do. These in considerate thing just bug me and if you Want a tip if someone leans their seat back you take the air vent and direct over their head that will usually do it. I used it on the way back. The flight staff on the flight from AMA to ABQ was subdued partially because it was an afternoon flight and they were probably tired but usually they are professional and attentive. On the flight from ABQ to San Diego, that’s another story. They weren’t loud and obnoxious but they left a little bit of professionalism and tended to have a little more fun with the 137 some odd passengers that made up that over crowded flig... Free Essays on Leavin’ On A Jet Plane Free Essays on Leavin’ On A Jet Plane Recently I was on an air plane traveling to San Diego and I began to look around and notice the people in the cramped confines of the Boeing 707. I found out that the seats behind the over wing exits have less leg room than seats forward of the over wing exit. There are also great differences between the people from Amarillo to Albuquerque and the people from Albuquerque to San Diego. The staff on every flight was different than the last. What I’m trying to show is that people from different areas are as different as the areas they come from, and their true colors tend to show better while in mass transit. On the flight from Amarillo, which from this point will be referred to as AMA, to Albuquerque, which from this point on will be known as ABQ, I found that the people were generally pretty friendly and considerate. And by considerate I mean most of them didn’t lean their seat back so that you couldn’t use your try table, â€Å"which needs to remain in the full upright and locked position during take off and landing†, and the people behind you were not shoving things into the seat back pocket in front of you, constantly jabbing you in the ribs. On the other hand other people from ABQ to San Diego are rude and obnoxious. They tended to do all of the things that I mentioned above that the people from ABQ did not do. These in considerate thing just bug me and if you Want a tip if someone leans their seat back you take the air vent and direct over their head that will usually do it. I used it on the way back. The flight staff on the flight from AMA to ABQ was subdued partially because it was an afternoon flight and they were probably tired but usually they are professional and attentive. On the flight from ABQ to San Diego, that’s another story. They weren’t loud and obnoxious but they left a little bit of professionalism and tended to have a little more fun with the 137 some odd passengers that made up that over crowded flig...

Sunday, March 1, 2020

All About the Economics of Interest

All About the Economics of Interest What is Interest?: Interest, as defined by economists, is the income earned by the lending of a sum of money. Often the amount of money earned is given as a percentage of the sum of money lent - this percentage is known as the interest rate. More formally, the Glossary of Economics Terms defines the interest rate as the yearly price charged by a lender to a borrower in order for the borrower to obtain a loan. This is usually expressed as a percentage of the total amount loaned. Interest Types and Types of Interest Rates: Not all types of loans earn the same rate of interest. Ceteris paribus (all else being equal), loans of longer duration and loans with more risk (that is, loans that are less likely to be paid off) are associated with higher interest rates. The article Whats the Difference Between all the Interest Rates in the Newspaper? discusses the different variety of interest rates. What Determines the Interest Rate?: We can think of the interest rate as being a price - the price to borrow a sum of money for a year. Like almost all other prices in our economy, it is determined by the twin forces of supply and demand. Here supply refers to the supply of loanable funds in an economy, and demand is the demand for loans. Central banks, such as the Federal Reserve and the Bank of Canada can influence the supply of loanable funds in a country by increasing or decreasing the supply of money. To learn more about the money supply see: Why does money have value? and Why Dont Prices Decline During A Recession? Interest Rates That Are Adjusted for Inflation: When determining whether or not to loan money, one needs to consider the fact that prices go up over time - what costs $10 today may cost $11 tomorrow. If you loan at a 5% interest rate, but prices rise 10% you will have less purchasing power by making the loan. This phenomenon is discussed in Calculating and Understanding Real Interest Rates. Interest Rates - How Low Can They Go?: In all likelihood we will never see a negative nominal (non-inflation adjusted) rate of interest, though in 2009 the idea of negative interest rates became popular as a possible way to stimulate the economy - see Why Not Negative Interest Rates?. These would be difficult to implement in practice. Even an interest rate of exactly zero would cause problems, as discussed in the article What Happens if Interest Rates Go To Zero?