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to zero and in effect risk inflation or raise interest rates in the near future to increase the economys productive capacity (productivity) but at the risk of furthering its recessionary tendencies or forces. The Fed has tried all the monetary tools at its disposal but the economy simply would not budge. The high unemployment rate fell from a high of 9.5% (14 million jobless) to about 9.0% (12.8 million out of work) in December of last year. It further improved to only 8.3% unemployed in February this year, with 227,000 non-farm payroll jobs added (Bureau of Labor Statistics, 2012, p. 1). Most of the new jobs were in professional and business services, health care, hospitality, mining, leisure and manufacturing. A fiscal policy the government is pursuing right now is the signing into law the JOBS Act (or Jumpstart our Business Startups) which is a fancy name for incentives intended for small businesses to more easily raise capital through crowdsourcing (Futrelle, 2012, p. 1) as it endeavors to clear away red tape and hopefully create more new jobs in the process. The Fed is a bit apprehensive about stoking inflationary pressures but the threat of a double-dip recession is a much more real risk and so the Fed is embarking on third-part installment of its quantitative ease program (QE1 & QE2) and dubbed as “Operation Twist” to bring long-term interest rates lower, but downside is it might again lead to a moral hazard and a financial bubble (Curtin, 2011, p. 1).
This monetary policy of the Fed to increase the money supply is consonant with all the other pump-priming activities of the government through its fiscal policies of reducing taxes and increased government spending for certain public infrastructure projects. However, those chronic budget deficits of state governments had nullified most of the benefits of this program, as they in effect struggled to contain their deficits from large expenditures and lowered tax revenues. This was shown in August of 2011
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ficits provide the economy with a small boost, but if allowed to continue on its path of projected growth, deficits will eventually result in the lower standards of living caused by a sustained stagnation of the economy. Citizens will also be deprived of various government
Thus, gene therapy has emerged as one of the novel treatment strategies for several untreatable diseases. One significant area in which enormous research has been done with regard to gene therapy is retinal disease. This articles reviews the current status of gene therapy for retinal diseases.
In principle, we know that we are in a recession when there is a general decline in the economic activity. This becomes obvious when we look at the real gross domestic product. This is the most viable indicator to know the state of the economy. This is regarded as a noteworthy turn down in economic activity just after the economy reaches a peak and end when it reach trough (New York Times, 2010).
What still must be accomplished to make the EHR a reality? Electronic Health Records System in the U.S: The U.S. health care system faces problems on a multitude of fronts including rising costs and erratic quality. Health information systems, specially electronic health records, would help to increase the efficiency and effectiveness of physicians, doctors, nurses and other health care providers.
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The GDP growth rate of the U.S in 2009 and 2010 were -2.63% and 2.8% (CountryWatch, 2012). The most recent data shows more positive signs in terms of gross domestic product. During the 3rd and 4th trimesters of 2011 the GDP growth rates of the United States were
n the other hand, there are various dynamic factors, like the size, youth and vitality of the population, technological advance and versatility, size, effectiveness and stability of the economic system, hence nation’s wealth, moral values, etc., which not only account for the
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