Winona LaDuke and Climate Change Essay Example | Topics and Well Written Essays - 750 words

Winona LaDuke and Climate Change - Essay Example LaDuke seeks to increase the first nation’s resilience in environmental justice. For example, in speaking out concerning climate change, the author seeks to promote the use of alternative sources of energy. The author identifies climate change as a human rights issue that has greatly affected the Pacific Islanders, Indigenous people, and Local-Land based communities due to their dependency on activities such as hunting, fishing and gathering rights. The dependency on fossil fuels has also resulted in health issues such as respiratory and infectious disease. The author also observes that the economic and cultural displacement in the society has also been in an attempt to access fossil energy. There are native solutions that greatly aid the country’s environmental sustainability. LaDuke observes that wind energy can easily be utilized in twenty-three Indian Reservations in the Great Plains. LaDuke states that these regions can produce 300 gigawatts of power that is enough to meet the country’s needs. Solar energy is another alternative that can be utilized in The Great Lakes, North West and North Eastern regions including other tribal lands in the South Western. The native solutions are beneficial as they promote local economies as they provide income, jobs and tax revenues. The native solutions respect the traditions and the responsibilities of the Aboriginal communities in protecting the sacredness of the earth. The issue of environmental justice is an important issue affecting societies on a global scale.

Macroeconomic Principles and Policy Essay Example | Topics and Well Written Essays - 750 words

Macroeconomic Principles and Policy - Essay Example A policy to fight a recession would need to take into account these numerous variables. One area that the government can control is the money supply. The Federal Reserve is tasked with monitoring and stabilizing the amount of currency in the economy. In recent years, they have accomplished this by controlling the interest rate. A lower interest rate will stimulate borrowing and investment. This will put more money into the economy as the money supply grows. As more money enters the economy, purchasing picks up and the economy grows and expands. However, the expanding economy also signals the potential for inflation. With high inflation, people have less purchasing power and the economy may falter dramatically. While controlling the money supply may be helpful, it is usually not a good long-term solution and should be used to stabilize and not control the economy. There could also be external factors that are working against the economy. High oil prices have taken money out of consumer's disposable income. Recent events such as natural disasters and inclement weather have also created hardships for consumers. The recent winter weather in the West devastated farmers while providing an additional blow of higher beef prices. There also may be cyclical pressures that are extending the recessionary period. This could be the result of a correction for the recent boom in the real estate market. Many borrowers were strapped with debt beyond their realistic means by below prime lenders. Credit card debt has also risen dramatically and consumers who are servicing these debts do so at the expense of their purchasing power. Global economics may have some effect on the flat GDP as more products are outsourced and offshored. While free trade agreements have made a system of corporate nations around the world, it has resulted in flattening the median income and created an underemployment situation in the US, which may contribute to a prolonged period of recession. This period may be exaggerated by mounting consumer debt and more difficulty managing it. All these events contribute to the consumer's negative outlook on the economy. It creates what Banik (2002) calls a climate of fear where the psychological behavior of consumers creates a cycle of recession. While 18 months may seem like a considerable downturn, with the right combination of external events and loss of consumer confidence, the recession could continue to hold back the economy for several more months. The Federal Reserve and the Money Supply The Federal Reserve (Fed) controls the money supply by controlling the reserves that banks are required to hold against deposits. By buying and selling US Treasury securities, the Fed controls the amount of reserves and therefore the money supply. With more money in reserve, banks are free to loan out more money. They also control what is known as the currency component. It is a smaller portion of the money supply that deposits and withdraws currency from banks. Together with the reserve deposits, these two factors make up what is known as "high powered money" (Schwartz 2002). Interest rates are another method that the Fed has used to control the money supply. "In recent decades the Federal Reserve...interpreted a rise in interest rates as tighter monetary policy and a fall as easier monetary policy" (Schwartz 2002). This is a method of controlling the demand for money by making it