The world I live in Research Paper Example | Topics and Well Written Essays - 500 words

The world I live in - Research Paper Example The punishment by death, awarded in this case, corresponds to Aristotle’s ethical philosophy, which suggests that justice takes place when â€Å"all agents deserve equal concern of justice, in the quest to ensure that all agents get what they deserve and agents do not get what they do not deserve† (Aikin, para.34). It only appears ethically reasonable that a person who inflicts severe pain on another human being and takes away her life, deserves to die for that crime because such individuals may repeat the crime and become a threat to the society, if not dealt with severely. Danette Elg, a 31 year old lady was cruelly murdered in her residence during July 1984 by Richard A Leavitt. The offender had stabbed her multiple times and cut off her sexual organs. The victim’s body was discovered days after her murder and was identified for police by her murderer. He was not arrested until December 1984, for the crime. Leavitts trial started on September 12, 1985 and Seventh District Judge, H Reynold George sentenced him to death, considering the extreme cruelty inflicted to the victim. The judge noted that the crime was monstrous, dreadful and cruel. Leavitt’s death warrant was issued and executed on June 6, 2012 by lethal injection, 28 years after committing the murder. There can be both ethical and unethical issue involved in punishing an offender by the award of death penalty. In most cases, sometimes the judge may tend to ignore some of the ethical aspects and punish the offender without properly taking into consideration all the circumstances that led to the culmination of the crime. However, in the instant case, the Judge’s decision to execute Richard Leavitt appears ethical as the crime he had committed is gruesome, barbaric and extremely threatening to women as a whole. He wounded Danette Jean Elg â€Å"repeatedly with exceptional force, and had cut out her sexual organs† (Boone, para. 16). The

Econ 335 4th assignment lee Essay Example | Topics and Well Written Essays - 750 words

Econ 335 4th assignment lee - Essay Example In the contemporary times, the situation has somewhat changed in the favour of emerging new economies like Japan, Korea, China etc. who manage their currencies relative to US Dollar and have consistently diverted their surplus to the US through export. The developing economies, at the same time, have considerably increased their forex reserves to keep an edge in the new transformed global business environment. Since the role of emerging new economies is seemingly like that of Europe, when Bretton Woods I system was initiated, the current system is called Bretton Woods II system. Triffin Dilemma seems to have reappeared in the current global economy of recessive trend only to some extent. Triffin Dilemma primarily refers to Robert Triffin’s contentions that Bretton Woods I would not offer long term economic stability because its inner ‘workings contained contradictions†¦ The Triffin Dilemma posited that the world therefore confronted a choice between running short of liquidity and undermining confidence in the dollar, which was destined sooner or later to produce a crisis (Triffin, 1960). Indeed, his prophecy had come true and Bretton Woods I system crashed eventually. In the recent years, the American Economy has undergone a rapid downfall and the increasing US Account deficit has devalued the dollar to the extent that it has generated new concern in the international trade arena. Though it seems quite probable that Triffin’s Dilemma can reappear in the current global economic situation in the near future but the recovery in the American economy have forestalled the speculations. The emerging new dynamics of oil and globalization give further credence to the stability of Bretton Woods II system The main similarity between the two systems is that both have pegged their exchange rates of their currencies against the US dollar which had greatly facilitated export for the countries in Europe, when BW I was adopted and now the