Article Analysis
Introduction
The Analysis is of different kinds, and there are certain aspects that have to be taken into consideration by a researcher to effectively manage the things accordingly. The essence of management has four different actions and strategies which particularly are planning, organizing, leading and controlling and all of these provisions are related to the effectiveness. In the field of analysis, there are certain things that have their own significance and importance.
Economics is a subject that has its active recognition in almost every walk of life, and there are certain aspects that are essential for the economy in particular. Microeconomics and macroeconomics are two different things from the viewpoint of the economy. Business articles usually include the main crux of economics and in the same it is found that the effectiveness should be taken into account for the same. Business articles are the one who are somewhat different from each other, but in the end all of them are pointing out towards a similar thing. There are a number of articles that have been written in the same jurisdiction covering different points, and every point is important from different viewpoints.
The main perspective of the assignment is to select two different articles related to the field of business and economics, and then write a synopsis of the same. The articles that have been chosen for the same analysis are Country Risk Analysis, written by S.J. Rundt in the year 2013 which has been published in the Los Angeles Times. The second article which has been chosen for the same analysis is “The Job market reaches a meaningless milestone written by Yuval Rosenberg, written in the year 2014 in the Fiscal Times.
There are two different articles which have been taken into consideration for the same analysis and both of the articles are essential for the sake of the analysis. Both of the articles have different content regarding the business and economy of the United States.
Article of Chapter 14&15: Country Risk Analysis
The first article which is about Country Risk analysis, written by Jim Puzzanghera in the year 2013 identifying on the country based risk of the United States (US) which affected a lot at the time of the current economic crisis. The collapse of the major financial institutions and mortgage firms are some of the major shocks which affected the economy of the country adversely. In the year 2013, the amount of winter in the US broke all of the records completely of the country due to which the country costs billions of dollars and lots of jobs, as well. According to the main crux of this article, the economy of the United States (US) is in a risky state due to which the financial position of the country affected a lot. According to a survey conducted on the behalf of this written article, nearly US$ 50 billion lost in the productivity and almost 76,000 jobs have been lost from the economy (Puzzanghera, 2014).
The main reasons behind the same were snow and bitter cold and the country lost a number of things merely due to the severe effects of cold and among them; the loosing of entire agriculture is the leading issue. The FED is still computing the total loss they had after this severe incident. The economy of the United States (US) which is still under the severe pressure after the current economic crisis and still recovering from the same. The economy is consistently losing money like this, but it happened due to not taking effective measure by the country and especially by the weather forecasting department of the country in particular. In the article, it is clearly found that there is a lack of policy among the head headers of the country that cost a lot to them, and it is needed to be overcome completely in order to bring economic prosperity towards the company in particular.
Chapter 16 & 17 Article Analysis: Job Market
The second article which has been chosen for the same analysis is the Job Market reaches a meaningless milestone in the United States, written by YUVAL in the year 2014 and published in the Fiscal Times. From this particular article, it is found that the January 2008, a month after the recession officially began private sector employment 115 977 000 workers, a historic high. In the depth of the recession, in February 2010, that number had dropped to about 8.8 million jobs lost 107,187,000 (Rosenberg, 2014). There is a graph as well which has been associated with the same article and the same graph is mentioned below
The graph mentioned above is showing that the unemployment rate of the country is increasing over the economic year 2010. However, there was no sign of economic crisis after that period. The above mentioned graph found in the article is clearly showing that the economy of the United States (US) encountered with hard and tough time from the year 2004 to 2009 merely due to the current economic crisis, and the jobless claims went to a level of 116,000 people in the year 2008 which is again touching the same line here in 2014, as well. This particular aspect is not favorable for the economy of the United States and it is needed to be alleviated accordingly or else, it will cost the economy a lot. YUVAL Concluded the article with the fact that there are some major reasons due to which this particular problem persist in the economy of the US, and among them the name of high credit is one of them.
Conclusion
Economics is the name of earning and consuming of money at a place from where the likelihood of earning would be in a higher place. The entire assignment has been carried out by selecting two different articles related to the field of business and economics and summarizes them in an effective manner. The article can be of anything, like it publishes in any place or even in a newspaper, as well. From the entire analysis, it is found that both of the articles that have been chosen for the same analysis have no relationship with each other. However, some part of the analysis matched with each other, and it is also found that effective measures should have been taken by the superior heads to overcome on the challenges that are facing by the economy of the US in order to sustain their growth.
References
Puzzanghera, J. (2014). Severe winter weather estimated to cost U.S. economy nearly $50 billion. [online] Retrieved from: http://articles.latimes.com/2014/feb/14/business/la-fi-mo-winter-weather-economy-20140214 [Accessed: 7 Apr 2014].
Rosenberg, Y. (2014). The Jobs Market Reaches a Meaningless Milestone. [online] Retrieved from: http://www.thefiscaltimes.com/Articles/2014/04/04/Jobs-Market-Reaches-Meaningless-Milestone [Accessed: 7 Apr 2014].
