The biggest challenge facing your national economy today Essay

The biggest challenge facing your national economy today - Essay Example Almost every economy in the world is somehow related to the US economy and therefore, even a minor effect on it could have larger impacts on the economies of different countries. There are a number of problems and challenges being faced by the economy of United States today. The biggest problem, however, is the increasing debt which is considered to be the largest debt to be faced by any country. This includes household, local and state government as well as federal government debt. This debt has been accumulated over the past thirty years and has been growing much faster than the overall level of GDP. This poses serious threat for the economy as sooner or later this debt bubble will burst just like the housing bubble which led to the financial crisis in 2007. The bursting of the debt bubble will cripple the entire economy as it has become dependant on borrowing and debt. Nearly all the transactions of the economy is done on a credit basis, adding to the overall national debt. A burst of this bubble would affect the increasing standard of living being enjoyed by the citizens of America today. The household debt has increased by about 1700% since the year 197 1and around 46% of Americans are dependant on credit cards (Michael, June 2012). The second component of the national debt is the local and state government`s debt has crossed the 3 trillion dollar mark as most of the state governments are becoming bankrupt due to the increasing level of debts. Along with this, the federal government has been facing a hug amount of debt as well which has reached the dollar 16 trillion mark. In the recent years, around 3 trillion dollars of debt have been added to the overall level of national debt. The percentage of national debt is said to get more than double if the amount of household, federal and local governments` debt continues to rise at similar rate. Similar cases of increasing debt have been observed in Greece,

Reflection Essay Example | Topics and Well Written Essays - 1000 words - 1

Reflection - Essay Example d is critical than ever in journalism to ensure speed and accuracy in recording and reporting news (University of Kent, 2011) I have a thick skin and like meeting strangers Journalism requires meeting strangers both high profile and ordinary people, sometimes asking uncomfortable questions, that require a journalist to develop a thick skin (University of Kent, 2011) Am good in creativity and have a sense of humor Presenting any news requires creativity in ensuring one attracts the attention of the audience and presenting facts in an easy straightforward, but creative way. Personal skill Reflection Some of the major requirements essential in journalism have already been applied in different platforms as portrayed above. These include the use of high end cameras to shoot long-range cameras, where the Canon D90 and D60 cameras were used in picnics. In addition, due to the strong urge of being a journalist, I managed to attend a shorthand seminar course involving some practicing journali sts where were awarded shorthand certificates, though practice is still needed to prefect these skills. My qualities of being an entertaining communicator at all levels are essential in journalism. Meeting people and covering news requires interaction with different people; a good communicator will attract the attention of many people, which will be a major success in journalism. In addition, to being an entertainer and an eloquent speaker, I have already developed a thick skin and can effectively mix with the high profile personalities and ask even the hard questions with confidence. Developing a thick skin requires development of courage and determination to get to the root of any story despite the hurdles on the way. This will amount to taking numerous disappointments on the way and soldiering on to the end. This is a quality that I already have and am ready to apply it in journalism. My ever growing thirst for knowledge particularly concerning current affairs, and researching de tails to get facts is essential in journalism. Reporting the truth will require not just covering what is on the surface, but going deep to unravel the mystery behind any facts, an undertaking which I have exercised as a hobby in my coursework. 2. Industry Skills Audit Industry skill Evidence Multimedia skills Currently, media employers expect journalists and other media personnel to work on different platforms. For example, web based publishing is currently increasing in news reporting, where media companies have to use the internet as one of the primary platforms to public their content. Web based publishing skills are thus needed in using such platforms (University of Kent, 2011) Ability to write clearly, succinctly, quickly and passionately Journalism requires expression through verbal and written language. One is required to communicate to a wide range of audience both professionals and laymen. Excellent communication skills in writing with perfected grammar skills, ability to communicate clearly, and having a high degree of passion for writing and