The Politics of Boom essays

The Politics of Boom essays The Economist published an article on September 30, 2000 entitled The Politics of Boom. This article brings up several issues that we have discussed in Economics 103 this semester. The article discusses the presidential election and both candidates positions on some of the major issues dealing with the economy. Mainly, the article centers around the federal budget This years presidential election is being fought against the backdrop of an unprecedented economic boom. One component of this statement is the unemployment rate at about 4%, which is close to historic lows. In class, we learned that the different types of unemployment are frictional (when people quit work to seek more attractive employment), structural (resulting from technology or geography), and cyclical (associated with the downturn and recession phases of the business cycle). Also there are underemployed workers who are working at jobs that do not utilize their productive talents or experience, and discouraged workers who have given up looking for work after facing many rejections. The labor force is used in determining the unemployment rate. Those not included in the labor force are students, retirees, stay at-home parents, people under sixteen years old and people who are institutionalized. To find the unemployment rate you take the number of workers (labor force) and subtract discouraged workers. Then you divide the rest of the unemployed by that number. The natural rate of unemployment (NAIRU- non-accelerating inflation rate of unemployment) is the rate that is consistent with the rate of inflation. Also a part of the quotation in paragraph two, is that inflation is still tame, though it is inching upward. Inflation is defined as an increase in the price level. Problems with inflation are distributional effects, transfer payments ...

Why You Shouldnt Cut Nicotine Patches

Why You Shouldnt Cut Nicotine Patches If youve ever tried the patch to help stop smoking or get nicotine for another reason, youll see warnings on the box, in the literature, and on the patch package warning you not to cut the patch. There isnt any explanation why, so you may wonder why there are so many warnings. Is it just a ploy by pharmaceutical companies to make more money? No. It turns out there is a good reason why you shouldnt cut the patch. Heres the explanation.   Why Not Cut the Patch? The reason you shouldnt cut the patch is because it alters the time-release of nicotine due to the way the patch is constructed. In 1984,  Jed E. Rose, Ph.D., Murray E. Jarvik, M.D., Ph.D. and K. Daniel Rose conducted a study showing the transdermal nicotine patch reduced cigarette cravings in smokers. Two patents were filed for patches: one in 1985 by  Frank Etscorn and another in 1988 by Rose, Murray, and Rose with  The University of California. Etcsorns patent described a backing layer with a reservoir of liquid nicotine and a pad that controlled the release of the nicotine into the skin. A porous adhesive layer holds the patch against the skin and helps prevent moisture from washing away the ingredients. The University of California patent described a similar product. While the courts dealt with who got patent rights and who got discovery rights, the end result was the same: cutting a patch would expose the layer containing the nicotine, allowing it to leak through the cut edge. If you cut a patch, no visible liquid will flow out, but the dosage rate will no longer be controlled. A higher dose of nicotine will be delivered early when using the cut parts of the patch. Also, if the unused portion of the patch doesnt remain on its backing, its likely additional nicotine may migrate to the surface (or might be lost to the environment) before it is applied. Pharmaceutical companies dont want users of their product to get sick or die, so they print a warning, The bottom line is that you could potentially overdose on nicotine or poison yourself using a cut patch. Safer Alternative to Cutting the Patch One way to make a patch last longer is to save the backing that came with the patch, remove it before sleeping (which many people do anyway since nicotine can affect sleep and dreaming), return it to the backing, and reapply it the next day. There is not a lot of formal research about how much nicotine might be lost this way, but you wont run the health risk of leaking nicotine. Cutting the Patch Anyway If you decide to go ahead and cut a high dose patch to save money, there are a couple of methods suggested for sealing the cut edge of the patch to prevent overdose. One method is to seal the cut edge of the patch using heat, like with heated scissors or a hot blade. Its unknown whether this actually works. Another method, supposedly suggested by a pharmacist, is to seal the cut edge using tape so extra nicotine wont reach the skin. The cut portion of the unused portion of the patch should also be sealed and the patch should be kept on its backing until use. However, talk to your own pharmacist or doctor before trying either method or experimenting on your own. References Rose, J. E.; Jarvik, M. E.; Rose, K. D. (1984). Transdermal administration of nicotine. Drug and alcohol dependence 13 (3): 209–213. Rose, J. E.; Herskovic, J. E.; Trilling, Y.; Jarvik, M. E. (1985). Transdermal nicotine reduces cigarette craving and nicotine preference. Clinical pharmacology and therapeutics 38 (4): 450–456.