Purchasing Power Parity Essay Example | Topics and Well Written Essays - 1000 words

Purchasing Power Parity - Essay Example It states that the country which is having high inflation rate is weak in terms of currency because inflation reduces the real purchasing power of a nation’s currency. It predicts a relationship between the inflation rates of two countries over a specified period and the movement in the exchange rate between their two currencies over the same period which means that the exchange rate of two currencies reflects the effect of inflation rate (Murphy, p.1). Absolute PPP states that the value of 2 currencies changes in contrary proportion to the changes in the ratio of price levels. On the other hand relative, PPP predicts a relationship between the inflation rates of two countries over a specified period and the movement in the exchange rate between their two currencies over the same period. Absolute PPP is based on the law of one price that is tested for a basket of commodities or individual commodities. The relative PPP approximates the change in individual price by change in pr ice indices. Empirical evidence of absolute PPP: An orange costs 3 dollars in country A and the same orange costs 6 dollars in country B. This means 3 dollars in country A equals to 6 dollars in country B. This exchange rate is based on the cost of orange and it is assumed that the cost of orange is same worldwide. Empirical evidence of relative PPP: Japan’s anticipated annual rate of inflation is equal to 6% per year, while the anticipated annual inflation rate for the U.S. is 3%. As an approximation, it is expected that the Japanese yen would devalue at the rate of 4% a year. The whole concept is based on unrealistic assumptions. That’s why forex market does not take into consideration the purchasing power parity. Those assumptions were a basket of goods and services in the CPI is the same in all countries, no transportation cost, and consumptions patterns are the same all over the world.

Humanitarian Intervention Essay -- Human Rights

The debate of humanitarian intervention and the responsibility to protect have been discussed in international relations discourse more seriously within the last 60 years. The major historical developments which have led to an increase in the intensity of these debates have had beneficial and detrimental effects on Earth within the last 20 years. Several factors have contributed to this including; globalization, the rise in international accountability, an increase humanitarian consciousness to prevent major atrocities from occurring, the expansion of territorial to global responsibility of the western world, and the realization of the western world that regional sovereignty no longer accounts for national security. To develop an opinion on the subject of humanitarian intervention and how beneficial it has been to global justice one must examine the institutions which were created to achieve peace, justice, deterrence, and international stability. The military tribunals following WWII for Germany and Japan called the Nuremburg and Tokyo trials enlightened the victors of the great war. As a result the Allies felt it was essential to create an over-arching legal system of governance in the international spectrum. These trails established that human rights violations which once only gave rise to state responsibility now could be prosecuted against individuals. These trials also brought about the realization in the international community that international law can over-ride domestic law. In 1945 the United Nations was established with the goal of creating international principles and policies which would bring order to the chaotic international political and legal reality. Following WWII nations around the world recognized the nee... ...asure of justice if it is applied to all victims of the Earth not only ones in which major powers have vested interests. Works Cited â€Å"The Failure to Protect, Again: A Comparative Study Of International And Regional Reactions Towards Humanitarian Disasters In Rwanda And Darfur† Hagar Taha http://soas.academia edu/HagarTaha/Papers/609868/The_Failure_to_Protect_Again_A_Comparative_Study_Of_ International_And_Regional_Reactions_Towards_Humanitarian_Disasters_In_Rwanda_And_Darfur â€Å"War Crimes Law Comes of Age† Theodore Meron â€Å"Counter-hegemonic International Law† Balakrishnan Rajagopal â€Å"Essentials International Criminal Law† Slye and Van Schaack â€Å"R2P Alive and Well After Lybia† Thomas Weiss â€Å"The R2P Controversy† Ramesh Thakur and Mary Ellen O’Connell â€Å"Reflections on the Legality and Legitimacy of NATO’s Intervention in Kosovo† Nicholas Wheeler

The American Health Information Management Association

The American Health Information Management Association (AHIMA) is an association of Health Information Management professionals whose mission is to be â€Å"the professional community that improves healthcare by advancing best practices and standards for health information management and the trusted sourced for education, research and professional credentialing† (http://www.ahima.org/about/mission.asp).The association provides its members educational training and certifications to better equip them for their roles as Health Information Management (HIM) professionals who occupy a number of roles from implementing electronic health records, clinical coding systems, and improving the quality of information (http://www.ahima.org/about/history.asp, http://www.ahima.org/membership/MemberEmployerFlyer.pdf).HIM professionals would find membership in this association an investment because it provides their members opportunities for continuing education keeping them at par with the late st developments of the health information management industry.The association also trains their members to endow upon them the skills crucial in the members’ development such as leadership and professional synergy (http://www.ahima.org/membership/ MemberEmployerFlyer.pdf).The information on this website, especially the opportunities for continuing education would greatly help me in my career as a health information manager.The knowledge I would be able to gain from the training and resource materials accessible only to members would make me a formidable candidate when I apply in a corporation.   Also, the certifications that I complete through them would open other career opportunities for me which would not have otherwise been available.

Glow in the Dark Crystal Geode

Its very easy to make a glow in the dark crystal geode. The rock is a natural mineral (eggshell). You can use one of several common household chemicals to grow the crystals. The glow comes from paint, which you can get from a craft store. Glow in the Dark Geode Materials eggsglow in the dark paint (I used GlowAwayâ„ ¢ washable glowing paint)very hot water (I used my coffee maker) borax, alum, Epsom salts, sugar, salt, or use another crystal recipe food coloring (optional -- I used neon green coloring) Prepare the Glowing Geode There are two ways to crack your eggs. You can carefully crack the top of the egg by tapping it on a counter top. This will give you a deep geode with a smaller opening. Alternatively, you can crack the equator of the egg or carefully cut it with a knife. This will give you a geode you can open and put back together.Dump the egg or make scrambled eggs or whatever.Rinse out the inside of the eggshell with water. Peel away the interior membrane so you are left with only the shell.Allow the egg to air dry or carefully blot it dry with a paper towel or napkin.Use a paintbrush, swab, or your fingers to coat the inside of the eggshell with glowing paint.Set the painted egg aside while you mix the crystal-growing solution. Make the Crystal Solution Pour hot water into a cup.Stir borax or other crystal salt into the water until it stops dissolving and you see some solid at the bottom of the cup.Add food coloring, if desired. Food coloring does not get incorporated into all crystals (e.g., borax crystals will be clear), but it will stain the egg shell behind the crystals, giving the geode some color. Grow the Glowing Crystals Support the shell so that it wont tip over. I made a little nest for mine in a crumpled napkin that I set inside a cereal bowl.Pour the crystal solution into the shell so that it is as full as possible. Dont pour the undissolved solid into the eggshell, just the saturated liquid.Set the shell somewhere where it wont get knocked over. Allow crystals to grow for several hours (overnight is shown) or as long as you like.When you are satisfied with the crystal growth, pour out the solution and allow the geode to dry.Phosphorescent paint is activated by exposing it to bright light. Black light (ultraviolet) produces a very bright glow, also. The duration of the glow depends on the paint you use. My geode glows for about a minute before it needs to be recharged. Some paints will produce geodes that glow for a few seconds. Other paints may glow for many minutes.Store your geode in a dry location, protected from dust.