GANGS AND GANG SUBCULTURES CJM 330 Essay Example | Topics and Well Written Essays - 5250 words

GANGS AND GANG SUBCULTURES CJM 330 - Essay Example Among the various areas of the US, the region of Los Angeles is deemed to be crowded with considerable number of ganging activities. Contextually, in the present day scenario, there are various gangs operating in the city, out of which, the street gangs are seen to be quite notorious and dangerous (Howell, 2011). Among the major gangs active in Los Angeles today, the Mexican Mafia is regarded as one of the most dangerous gangs. The gang is one of the oldest in the US and work in parallel with other traditional gangs of the country. The gang is quite organized and operates following specific rules made by them. Its major rivals include Black Guerrilla Family and Hispanic gang among others. The gang is primarily formed on grounds of ethnic issues as they claim to protect the integrity and wellbeing of their races thorough their activities. To be noted, the gang has been involved in numerous criminal activities in several decades but in the recent times it became quite active in Los Ang eles. The leader of the group was arrested in the 2012 for involving in activities of drug dealing in the northern area of Los Angeles. Reports also suggest that the gang was also involved in harassing and torturing the black people in southern regions (Inside Prison, n.d.). Conclusively, it can be affirmed that the gang is quite active in Los Angeles with their continuous criminal activities over the last decade. As a matter of concern, the police declared Mexican Mafia, active in Los Angeles, as one of the most dangerous and notorious gangs in comparison to other smaller groups within the community. The primary intention of this particular assignment is to depict the emergence and the growth of traditional gangs in the US over the past decades. Contextually, it has been noted that gangs started to emerge in this particular region of the world during the 1920s and is continually flourishing in the modern day era. The reasons of gang formation

Inflation Essay Example | Topics and Well Written Essays - 1500 words

Inflation - Essay Example Inflation defined in this way refers to monetary inflation, which is the difference between the growth in money supply and the growth in availability of goods and services in the economy (Siegl, 2009). There are various measures of inflation, but most commonly, inflation is measured by using Consumer Price Index (CPI). The CPI refers to price of a basket of commodities and services that an average customer buys and changes in this index allows economists to study the rise and fall of the general price level in the economy which helps them to study the rate of inflation in the economy. In the latter half of 2012, Bank of England Chief Economist, Spencer Dale, had warned that the average standard of living for the Britons would fall in 2013. The country (UK) is still on the recovery phase from the shock of the financial crisis, this process is a slow and painful one. With a high unemployment rate of 7.8% and wage growth struggling to keep up with inflation, 2013 is looking to be anothe r year of hardship. Causes of inflationary pressure Inflation refers to the upwards movement of the general price level in economy. Prices are determined in the free market economy through the interaction of the sellers and the buyers in the economy. Most economists consider that the inflationary pressure in the economy is caused from either the demand side (demand pull inflation) or the supply side (cost push inflation) pressure on the equilibrium condition in the market (P. J. Welch and G. F. Welch, 2009). Demand pull inflation In long run, when the total output in economy moves towards the full employment output, the economy operates nearly at the full capacity. At full capacity, the economy produces the maximum amount of output by utilizing the available factors of production and the production level cannot be expanded easily. Figure 1: Demand Pull inflation (Source: Pettinger, 2013) At the other end, consumers in the economy are themselves the workers and they are earning more since output level is high at this stage. Hence, there is high consumer demand for services and commodities. This demand pressure from households coupled with the near full capacity production by the producers in the economy triggers inflationary pressure in the economy (P. J. Welch and G. F. Welch, 2009). Cost push inflation Inflationary pressure also occurs when cost to sellers of goods and services rise. Any source of cost to businesses is also a source of increase in rise in prices. Cost to producers and sellers are transferred to buyers partially or wholly and they through rise in prices. Figure 2: Demand Pull inflation (Source: P. J. Welch and G. F. Welch, 2009) Upwards pressure is created on prices if costs of labour, fuel, raw materials and other factors of production rise. At times firms’ attempt to enhance profit in certain industries increases prices and creates inflationary pressure (P. J. Welch and G. F. Welch, 2009). Inflation in UK Between 1989 till present (20 13), inflation rate in the UK averages at 2.81%. In May 2013, the inflation rate was 2.70% (Trading Economics, 2013). The inflation rates between 2011 and 2013 is shown in the following figure. Figure 3: Inflation rates in UK 2011-2013 (Source: Trading Economics, 2013) Demand side policies to combat inflation The most important tool to control inflationary pressure in the UK has been monetary policy changes. In the UK, the Bank of England adopts a monetary policy that helps