The American Dream - 1877 Words

For generations homeownership has been viewed as one of the cornerstones of the American dream. Nevertheless this American dream has almost exclusively been available to white Americans. However, over the past 25 years this dream has become a reality for more and more Americans as the rise of the subprime mortgage market has allowed the majority of Americans to become homeowners. In 2005, at the peak of the housing bubble, 69.2% of Americans seemed to have achieved the American dream of owning their homes. Three years later, the housing bubble popped and the American economy entered the most severe economic downturn since the Great Depression. The downturn was largely caused by the implosion of the subprime mortgage market whose growth was driven, in part, by the belief that homeownership is a right that all Americans are entitled to as part of the American dream. The perpetuation of this belief is dangerous to the United States economy because homeownership has for so long been unob tainable for the majority of non-white Americans, as one of the only paths to this American dream for many minorities is through high-risk home loans that threaten the stability of the economy. Homeownership first became attainable for many Americans in the 1950’s when New Deal legislation compounded the effects of post World War II social reform programs and an increase in home construction promoted homeownership among white Americans. For the first three decades of the 20th century,Show MoreRelatedImmigrants And The American Dream1362 Words   |  6 PagesImmigrants and the American Dream In the article â€Å"The American Dream†, by James Truslow Adams in The Sundance Reader book, he stated that the American dream is that dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement. It is a difficult dream for the European upper classes to interpret adequately, and too many of us ourselves have grown weary and mistrustful of it. It is not a dream of motor cars and highRead MoreThe American Dream By Kimberly Amadeo1637 Words   |  7 PagesNowadays, a large number of people migrate to the United States to work and achieve the American Dream. According to the Article â€Å"What is the American Dream?† by Kimberly Amadeo, â€Å"The American Dream was first publicly defined in 1931 by James Truslow Adams in Epic of America. Adam’s often-repeated quote is, ‘The American Dream is that dream of land in which life should be better and richer and fuller for everyon e, with opportunity for each according to ability or achievement.’† There are many peopleRead MoreAnalysis Of The Movie The American Dream 754 Words   |  4 Pages Nyreel Powell Ms. Jones American Literature 1 June 2015 The American dream in A Raisin in the Sun Have you ever had a dream and it didn’t come how you wanted it to be? Have you ever had accomplishments that you wanted to achieve but people were getting in the way of them? The four main characters in this book all have good dreams but there are people in the way of getting to those dreams or their dream is too high to accomplish. A Raisin in the Sun a play written by Lorraine Hansberry, andRead MoreSister Carrie and the American Dream1618 Words   |  7 PagesThe American Dream is surely based on the concept of â€Å"Life, Liberty and the Pursuit of Happiness† but it is above all, a matter of ambition. James Truslow Adams, an American writer and historian, in 1931 states: life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement†, which not only points towards a better standard of living for Americans but also denounces a degree of greed in the US society. Ambition not only â€Å"killed the catâ₠¬  butRead MoreGrapes Of Wrath And The American Dream1644 Words   |  7 PagesThe idea of the American Dream is ever changing depending on the person and the time of life that person is in. Although the main ideas of the American Dream remain the same to be educated, economically sound, healthy, to have a family, and equal rights. Many great films and works of literature were created to show case all the different ideas people have for their American Dream. The film â€Å"Grapes of Wrath† directed by John Ford and the poem â€Å"I Will Fight No More Forever† by Chief Joseph, both depictRead More Destruction of the American Dream Essay2145 Words   |  9 PagesDestruction of the American Dream I’ve talked about it in the past, the destruction of the American Dream. Always, there have been papers, writings, and thoughts that quantify a particular section of its ultimate demise, be it due to money, education, or sexuality. Maybe the destruction cannot be viewed as a singular event or cause. Perhaps instead it must be examined as a whole process, the decay and ultimate elimination of a dream. Self destruction, if you will†¦ Mr. Self Destruct Read MoreSuccess As One Of The American Dream1137 Words   |  5 PagesApril 2015 Success as One of The American Dream When we hear the word â€Å"success†, we often think of wealth and money. To some people, the embodiment of being success is earning a lot of money. In fact, the concept of success is primarily based on how much money a person earns. However, each person views the definition of success differently. One way to define success is something that has more to do with flash than it does with substance. John Wooden, an American basketball player and coach viewRead MoreJim Cullen And The American Dream2081 Words   |  9 Pages The American Dream, as defined by Cullen, is starting your goal off with a little and ending with more; it s like a business, you invest in it in order to gain more money. Usually, people will define the American Dream as being able to achieve your goal because everyone is offered opportunities. Cullen does acknowledge that people are born with different opportunities, so he talks about the good life. The good life describes different factors that determine your opportunities. Throughout the otherRead MoreFactors Influencing The American Dream1834 Words   |  8 Pagesindividual to succumb or to not succumb to the seductions of crime. These three factors are brilliantly portrayed in the television show, Breaking Bad and the novel, The Stick Up Kids. The American Dream is what many American citizens strive for. However, not all of those citizens are able to achieve the American Dream through a legal pathway. The reason an indivudal may not being able to do so is because of his or her background factors. It is important to note that background factors are a fractionRead MoreShark Tank And The American Dream1755 Words   |  8 PagesShark Tank and The American Dream The TV show Shark tank embodies everything the American dream represents. The show obtains successful Entrepreneurs ready to invest their own money into other Americans wanting to be just like them, reaching the American dream and become a successful entrepreneur. The show presents entrepreneurs working towards the goal of creating a business to not only gain wealth but also change the way we live today. The show is to keep the American dream alive and well while

Balance Sheet And Market Value Free Essays

The most notable thing in the table presented above is the disparity between the actual market value and what is reported in ARC’s balance sheet. The balance sheet funding totaled to $1. 465 billion while the market value ballooned reaching $2, 390 billion. We will write a custom essay sample on Balance Sheet And Market Value or any similar topic only for you Order Now When compared, the difference is a staggering $20 million indicating that ARC owes more to its financiers than what it actually claims. The source of this huge difference is the disparity between the balance sheet amount of long-term debt and its market value. The company does not trade its bond so the yield is compared with companies issuing the same bonds. When converted to its present value, the book value is significantly lower than the market value. Another is the amount of stockholder’s equity. It should be noted that in reality, more funds are generated from the sale of stocks than their attributed value in the company’s books. The difference in the numbers has several implications when the capital structure of the company is considered. Two specific financial ratios are often computed in order to look at the risk entailed by a business organization—the debt ratio and the long term debt to equity. The debt ratio looks at the portion of the company’s asset which is financed by creditors. Accordingly, it â€Å"gives an idea to the leverage of the company along with the potential risks the company faces in terms of its debt-load† (Debt Ratio 2007). When computed using the balance sheet figures, ARC has a debt ratio of 68%. On the other hand, when market value is utilized the figure shrinks to 67%. This implies that 67-68% of ARC’s assets are financed by its creditors. In the industry as a whole, a higher debt ratio is an indication of higher financial risk because debt is often perceived as riskier method of financing. Thus, when market value is used, ARC has the chance of showing a better credit standing. The disparity is small but not insignificant. It should be noted that investors often look at the credit exposure of the company by looking at the debt ratio. A small percentage can spell a huge difference when investors are making their choice. The debt to equity ratio on the other hand shows the proportion of creditors share to equity holders in the company’s resources. Accordingly, â€Å"A high debt/equity ratio generally means that a company has been aggressive in financing its growth with debt which can result in volatile earnings as a result of the additional interest expense† (Debt to Equity Ratio 2007). Using the balance sheet data, ARC’s debt to equity ratio is 2. 16 while market shows a lower 1. 98. Both of this data shows that ARC’s debt is much greater than its equity account. For the balance sheet data, every dollar in ARC’s equity is matched by a corresponding $2. 16 in total debt. On the other hand, market value data shows that every dollar of equity only has a corresponding 1. 98 debt. In general, the computed ratios show the high exposure of the company to financial risk. It should be noted that debt entails the payment of interest at regular intervals and face value (Keown et al 2005). References â€Å"Debt Ratio,† 2007, Investopedia. com. Retrieved 06 December 2007, from http://www. investopedia. com/terms/d/debtratio. asp â€Å"Debt to Equity Ratio,† 2007, Investopedia. com. Retrieved 06 December 2007, from http://www. investopedia. com/terms/d/debtequityratio. asp Keown, A. J. , Martin, J. D. , Petty, J. W. , and Scott Jr. , D. F, 2005, Financial Management principles and applications, Pearson/Prentice Hall International Edition, 10th Edition. How to cite Balance Sheet And Market Value, Papers

The Republic Of Colombia Essay Research Paper free essay sample

The Republic Of Colombia Essay, Research Paper The Republic of Colombia is the 4th largest state in South America. It is located at the north-western tip of the continent. Its neighbours are Brazil and Venezuela to the E, Panama to the north-west, and Ecuador and Peru to the South. Colombia is the lone South American state that # 8217 ; s seashore is on the Pacific Ocean and the Caribbean Sea. There are eight islands under Colombian regulation, and they are San Andres, Providencia, San Bernado, Islas del Rosario, Isla Fuerte, Gorgona, Gorgonilla, and Malpelo. Colombia # 8217 ; s terrain is about 45 % cragged. The major mountain concatenation is the Andes, which is the longest and 2nd highest mountain concatenation in the universe. The are three mountain ranges in Colombia that form the Andes. These are known as Cordilleras, which agencies range. The Cordillera Occidental is 680 stat mis long and is about 6,500 ft. high. This scope is on the western country that stretches from the equator to the Caribbean Sea. The Cordillera Oriental is the longest scope, at 750 stat mis long, and 8,530 ft. high and it cuts from northern Colombia to southern Colombia. The Cordillera Central is located in the centre of the state and is 689 stat mis long and 10,827 ft. high doing it the highest cordillera. The highest mountain point in Colombia is the Sierra Nevada at 19,055 foot. high. There are tonss of vents in Colombia. The Cumbal is 17,500 ft. high, the Chiles is 16,900 ft. high, the Purace is 17,060 ft. high, and the Pan de Azucar is 16,840 ft. high. The eastern part of Colombia is a grassy lowland. 1/6 of Colombia is uninhabited glacier land, and 1/5 is high tableland. Colombia has many rivers. The most of import river is the Magdalena which is 965 stat mis long and flows North to the Caribbean Sea. Others are the Meta, the Amazon, the Guaviare, and the Putamayo. There aren # 8217 ; t many lakes in Colombia. The largest lake in Colombia is Lake Cocha and is non really of import. If it wasn # 8217 ; T for the Andes mountain location, Colombia would hold an highly high clime since it is near the equator. However, Colombia # 8217 ; s clime is purely related to the height of the land and varies greatly from subdivision to subdivision. The hot part of Colombia has an mean temperature of 75 grades Fahrenheit, and are from sea degree to three 1000 pess. This country is along the Pacific seashore and in the eastern jungle part. Regions from three to six thousand pess above sea degree have an mean temperature of 65.5 grades Fahrenheit. This country is in the northern subdivision of the Andes and are largely agricultural. Regions from six to nine thousand pess above sea degree have an mean temperature of 53.6 grades Fahrenheit, and are considered cold. Most Colombians live in this part. Areas that are above nine thousand pess above sea degree are the badly cold parts and are and have an mean temperature of below 53 grades Fahrenheit. The winter months in Colombia are May, June, July, August, September, October, and November. This is the showery portion of the twelvemonth. Summer months are December, January, February, March, and April. This is the dry portion of the twelvemonth. Spring and Fall do non be. The rainiest portion of Colombia is the Choco country on the Pacific seashore. It rains on afternoons and eventides every twenty-four hours of the rainy season. It averages 400 inches of rainfall per twelvemonth. The driest topographic point is the Guijara Peninsula. It is located in the northern tip of Colombia, on the Caribbean Sea. It averages 10 inches of rain annually. Because of Colombia # 8217 ; s miscellaneous clime it can turn a broad scope of harvests. Merely five per centum of Colombia # 8217 ; s land is used for farming, although there is much more room to be used for farming. Coffee is the main agricultural merchandise, and Colombia is the universe # 8217 ; s second largest manufacturer, after Brazil, because java beans grow best at an lift between 4,300 and 6,600 pess. Sugarcane is grown in the hot temperate countries of the state. bananas are besides grown in the warm countries. Maize is grown under most climatic conditions, except at the highest lift. This harvest is of import to the hapless people of the state. Rice is grown in the hot and humid parts. A major job that Colombia faces is the cultivation of illegal drugs. The marihuana workss are grown in the Guajira Peninsula, because of the hot clime, and the dirt is perfect from turning it. Besides, the fact that the peninsula is on the Caribbean seashore, makes it easy to export it on ship. Colombia supplies half of the marihuana purchased in the Unites States. Most people think that cocaine is grown in Colombia, because most of the trusts that distribute it are from Colombia, but it is non. It is grown in Peru and Bolivia.1 Other major harvests are cotton, murphies, cassava, wheat, barley, baccy, chocolate tree, and beans. Colombia is one of the predominate farm animal bring forthing state in South America. The sum of cowss in Colombia is about every bit many as people at that place. Other farm animal include Equus caballuss, mules, donkey # 8217 ; s, hogs, sheep, and caprine animals. Colombia # 8217 ; s aquatic wildlife is found chiefly in the Amazon and Orinoco Rivers, and in the Oceans. The Orinoco River holds many fresh water species su ch as rainbow fishs, Ne tetras, and arapaima, which is the largest fresh water fish in the universe. The Amazon hold unsafe marauder, which travel in schools of 100 to 1,000, that tear flesh off animate beings. The Pacific Ocean and Caribbean Sea clasp mahimahis and stingray. Among the reptilians at that place are the Eunectes murinus, a H2O serpent, and legion lizards, and crocodiles. Among the mammal wildlife there are the grey-brown cougar, the spotted panther cat which Hunt on the fields, and the panther which lives near the watercourses to feed on the H2O animate beings. A unusual animate being is the stout tapir, with it # 8217 ; s scraggy legs, delicacy hooves, and long neb. The blood-sucking lamia chiropteran are found in Colombia, more than anyplace in the universe. Colombia has over 1,500 species of birds such as the hummingbird, bird of Jove, the glistening green jacamar, Colombia # 8217 ; s most beautiful tropical bird, the parrakeet, and the toucan. Colombia # 8217 ; s history began at about 5,000 B.C. when Indian groups roamed the district. About one tierce of them were of the Chibca folk, who lived where Bogota is now located. The town Bogota, which is presently the state # 8217 ; s capital, was named after Bacata, a Chibchan chief2. The Chibchans lived in small towns and were organized by category, and the people # 8217 ; s rank was inherited from their female parent. They mined gold, and farmed corn, beans, and murphies. Another folk was the Quimbaya, who lived on the western inclines of the Cordillera Central. Like the Chibcha, these people were really skilled in doing gilded objects such as nose rings, decorations, and necklaces. The rumours and narratives of these Indian folk doing gilded objects, lead Spaniard adventurers to come to Colombia looking for El Dorado. There was a fable that there was a land of gold known as El Dorado who # 8217 ; s where abouts were unknown. Colombia is named after Christopher Columbus, although he neer been on the Colombian mainland. On 1502 he sailed the Colombian shores. Colombia was really discovered by Alonso de Ojeda, who was one of Christopher Columbus # 8217 ; s work forces, in 1500. He was looking for El Dorado, but didn # 8217 ; t happen it. Him and his work forces stole many gold objects from the Indian folk, who were really skilled goldworkers, and took them back to Spain. From the period of 1499 to 1550, Colombian conquering and colonisation began. Rodrigo de Bastidas founded the first lasting colony in 1525 called Santa Marta. In 1533 another adventurer named Pedro de Heredia founded a colony called Cartagena. In 1536 the first expedition into Colombia # 8217 ; s inside was made by Gonzalo Jimenez de Quesada. He lead his expedition up the Magdalena River. He finally founded the colony of Bogota. All these vanquishers conquered the land for the ownership of Spain. In 1549, King Charles V of Spain created something called an audencia of Colombia. An audencia is an administrative organic structure headed by a representative of the male monarch. It provided tribunals, a legislative assembly, and a civil authorities for Colombia. The conquering by Spain gave Colombia the Spanish linguistic communication, the Roman Catholic Church and the Spanish love of literature. In 1717 Colombia was made portion of a land which included Venezuela, Ecuador, and Panama. This land was called The Kingdom of New Granada , and was owned by Spain, but in more distant manner when Colombia was separate. By 1795 the New Granada people were unsated with the manner the Spaniards ruled. Taxs were manner to high, and it all went to Madrid. Besides, they weren # 8217 ; T acquiring treated humanely by Spain. Word had spread out around the country of Gallic settlements arising for independency. When Napoleon # 8217 ; s forces invaded Spain, the leaders decided to take advantage of Spain # 8217 ; s failing and proposed independency on July 20, 1810. Spain refused and reestablished it # 8217 ; s self command over New Granada. On August 7, 1819, Simon Bolivar of Venezuela organized and lead an onslaught, and defeated the Spanish forces at the Battle of Boyaca. A few months subsequently, Venezuela and Colombia were united to organize the Greater Colombian Confederation. Simon Bolivar was President. In 1830, the Alliance ended because Venezuela wanted independency. Today, Colombia is a parliamentary democracy with presidential elections held every four old ages. The Congress holds Sessionss every twelvemonth between July and December and consists of two houses the Chamber of Deputies, which has 131 elected members, and the Senate with 63 members. The President appoints cabinet members and cheifs of disposals. Colombia is divided into 23 sections, and the president appoints a governer to head each section. The current president is Cesar Gaviria Trujillo. Colombia # 8217 ; s population today is about 34,296,000. 95 % of these people are Roman Catholic. The capital, Bogota has an estimated 4,921,00 people, and the 2nd largest metropolis, Cali, has 1,624,00 people. After Mexico and Brazil, Colombia is the 3rd most populolus state in Latin America.3 About one half of the population today is mestizo, a mixture of Indian and European descent.4 Europeans are about one fifth of the population, and and there are some inkinesss, and about 400 Indian folks.