International Finance in USA Assignment Example | Topics and Well Written Essays - 1750 words

International Finance in USA - Assignment Example Last March 9, 2006, the US Census Bureau/US Bureau of Economic Analysis issued a press release outlining the state of the country’s economy. It announces that total January exports of $114.4Billion and imports of 182.9 billion resulted in a goods and services deficit of $68.5 billion, which is $ 3.4 billion, more than the 65.1 billion in December. January exports were 2.8 billion more than December exports of 111.6 billion. January imports were 62.2 billion more than December imports of 176.6 billion. (U.S. Department of Commerce, March 9, 2006). The balance of payments (or BOP) is a measure upon which a country traces how much money flows into or out of a given country or countries1. Factors involved in the determination of balance of payment is the country’s export2 and import3 of goods, services and financial capital4, including financial transfers. The need for some balance of payments statistics can be traced back to the Fourteenth century when the Bullionist Doctrine5 was developed in England which led to the prohibition of export of bullion. This is the early form of Mercantilism which seeks to achieve an equilibrium between the value of exports and imports (Soderstien 1980). The latter part of the Mercantilist period observed that there are also transactions which stem from trade relations outside of the country and should be taken into considerations in order to establish a state of economic equilibrium. The principle of balance of payment gives us an idea of how much money or wealth is flowing and how much is flowing out of the county. If the amount of wealth flowing out of the country is more than the amount flowing into such a country, we have a negative balance of payment or a deficit. In the same manner, where more wealth enters into the country than that which flows out, then we have a positive balance which we refer to as surplus.  

Vanessa Bell, Studland Beach Essay Example | Topics and Well Written Essays - 1000 words

Vanessa Bell, Studland Beach - Essay Example Vanessa Bell was writer Virginia Woolf’s sister, her place within the Bloomsbury Group helping to define her position in British art history. She was born Vanessa Stephen, but married Clive Bell in 1907. Their marriage represented some of the new aesthetics that was a result of cultural re-envisioning that was taking place during this time period as they conducted an open marriage. Her third child was openly that of a lover who raised that child as his own (Rowley). The new avenues of thought that were appearing during this time period allowed for an expansion of the ideas of art, just as the ideas of sexuality, social convention, and science were being tested at this time. Secularism had freed the artists from solely addressing religious themes, thus social, sexual, and cultural themes could be explored for the meanings that could be defined from them which began to become expressions of artistic meanings that were outside of any context provided by the subject matter. It is probable that the distaste for the materialism, the bourgeois concepts of capitalism and the consumer aesthetics inspired artists away from the importance of subject matter, the nature of art becoming focused on meaning through colour, shape, and the defining of space (Cottington 32). Bell’s work can be seen as influenced by both Matisse and Cezanne, the work developed through the concept of shape as it defines the subject, colour as it defines the space. The nature of the work not about the scene it represents.... The new avenues of thought that were appearing during this time period allowed for an expansion of the ideas of art, just as the ideas of sexuality, social convention, and science were being tested at this time. Secularism had freed the artists from solely addressing religious themes, thus social, sexual, and cultural themes could be explored for the meanings that could be defined from them which began to become expressions of artistic meanings that were outside of any context provided by the subject matter. It is probable that the distaste for the materialism, the bourgeois concepts of capitalism and the consumer aesthetics inspired artists away from the importance of subject matter, the nature of art becoming focused on meaning through colour, shape, and the defining of space (Cottington 32). Bell’s work can be seen as influenced by both Matisse and Cezanne, the work developed through the concept of shape as it defines the subject, colour as it defines the space. The nature of the work not about the scene it represents, but about the artistic meanings that are present. According to Rowley, Richard Shone described Bell’s work Studland Beach, (1912) as â€Å"in its move towards abstraction†¦one of the most radical works of the time in England† (31). Vanessa’s husband, Clive Bell, had termed the concept of shape and form over subject as ‘significant form’, the piece representing â€Å"an aesthetic purged of narrative sentiment or circumstantial detail† (Rowley 31). However, despite the idea that narrative sentiment and circumstantial detail are missing, like Virginia Wolfe’s fictional work, To the Lighthouse, Bell’s work is filled with the ‘hauntings’ of Julia Stephens, their mother. Even in trying to search for form over meaning, the