Article Analysis Research Paper Example | Topics and Well Written Essays - 1750 words

Article Analysis - Research Paper Example The predictions of the economic theory presented in the article will also be carried as well as a discussion of the relevance of the economic theory to the ideas presented in the article. Travernise (2011) reports that about 2.6 million people slipped into poverty in the USA in 2010 as reported by the Census Bureau bringing the number of Americans living below poverty to 46,2 million people. This has been the highest figure in 52 years according to the records obtained from the bureau. According to the economists, the median income level of the household fell to records last seen in 1996 and this scenario shows that such statistics were last recorded during the great depression when the statistics had taken such a long period to rise. The report states that about 15.1 percent of the Americans were living below the poverty datum line which was pegged at $22, 314 for a family of four in 2010 and this level has been the highest since 1993. This came on the heels of President Barrack Obama’s bid to push for the jobs bill meant to foster employment creation to alleviate the levels of poverty especially among various people from the different parts of the country. T here has also been a widening gap between the haves and the have nots and this trend is likely to continue unabated if sound economic reforms have not been put in place. The minorities in particular were hardest hit as the report shows that blacks in particular experienced the highest poverty rate of 17 % up from 15 % in 2009, the rate for the Hispanics rose from 25 % to 26 % while the poverty rate for the whites rose from 9.4 % to 9,9 % in 2009. The trend shows that the whites were least affected and it seems that the gap between the rich and the poor is continuing to rise. The economists suggested that joblessness or unemployment was the main culprit leading to such unbelievably high rates of

Leisure law Assignment Example | Topics and Well Written Essays - 1750 words - 1

Leisure law - Assignment Example It was actually in Donoghue v. Stevenson, in which the concept of duty of care was significantly and formally conceptualized and developed. Hereby the court of law established some concrete tests which ought to be satisfied so as to establish the duty of care. However, it was actually in Caparo Industries v. Dickman that happens to be a prominent British Tort Law case, in which a tripartite test for establishing the duty of care was set up (Cane 1996). Dickman happened to be the auditors of the accounts of the company Fidelity plc, while Caparo Industries happened to be a company that purchased the shares of Fidelity plc. After purchasing the shares of Fidelity plc, Caparo Industries found out that the accounts prepared by Dickman at no time indicated or showed that the firm has been running into large losses. It needs to be mentioned that before Donohue v. Stevenson, the claimants had to verify the existent duty clause to achieve success. In contrast, the subsequent cases tried to o rganize and limit the tests given by Donohue v. Stevenson. Caparo Industries v. Dickman was a step in that direction. The court established that in case of Caparo Industries v. Dickman, for the emergence of care to arise in the cases of negligence, the three essential criteria needed to be verified: There is no denying the fact that human relationships tend to thrive under the aegis of a large and wide range of situations and circumstances. Hence, the very establishment of duty of care in any particular case may give way to many confusions and variations. Traditionally speaking, the law has always tried to verify and establish the duty of care in a range of circumstances, each and every circumstance being incumbent to its own specific characteristics and peculiarities. However, this practice has lead to the creation of a whole body of