Thursday, November 3, 2011

Article 1


Euphoria Turns to Discontent as Egypt’s Revolution Stalls

by NEIL MacFARQUHAR
Date Published: Nov. 1, 2011 Date Accessed: Nov 2, 2011 
            Economy of Egypt had rapidly become unstable after the rebellion. Though many part of its economy was hit, it hit tourism the hardest. The number of tourist reduced by 42% causing more than $3 billion lost. Although Egypt’s most important sources of income, gas and oil sales, remains steady many Egyptians are suffering from lack tourist. In Egypt, around 15 million people depend on tourism as their income. Thus, this is a huge loss in their economy. People also suffer economically due to increase in unemployment by at least 9% after the rebellion. There is also protest going on, surprisingly it is not money that Egyptians are complaining about, but freedom. Military is largely involved in it by killing and arresting the protesters. Due to the conflict, between protesters and the government, that is still around the tourist are finding Egypt tour to be more unsafe than it was.

Response- In microeconomic class we learnt that economy is everywhere and this article was no exception. In my opinion rapid decrease of tourist is due to the opportunity cost. In this situation the opportunity cost of seeing the Great Pyramid can cost your life. On the other side the opportunity cost of toppling President Hosni Mubarak was the having stable economy in Egypt. This incident, rebellion, regarding the article has no clear gain or lost, for some see a new leader as a gain compare to the stable economy or the other way round. Although If one looks at it only using number Egypt is going through increasing cost and negative return, as their economy tumbled a bit, at least till now. As off now, I think the opportunity cost of the time that Egyptians at this moment, is working together as one to bring the country together again.
lackluster-
            (n): lack of brilliance or vitality
            Origin: .1600, first attested in "As You Like It," from lack + luster.Combinations with lack- were frequent in 16c., e.g. lackland(1590s), of a landless man; lack-Latin (1530s), of an ignorantpriest. (dictionary.com)
            Sentence: In my English teacher’s eye almost everyone is a lackluster.
Malaise-
            (n): a condition of general bodily weakness or discomfort, often marking the onset of a disease.
            Origin: 1768, from Fr. malaise, lit. "ill-ease," from mal "bad" + aise "ease"   (dictionary.com)
             Sentence: Health Center is filled with malaise.
Robust
            (adj): strong and healthy; hardy; vigorous
            Origin: 1549, from L. robustus "strong and hardy," originally "oaken," from robur, robus "hard timber, strength," also "a special kind of oak," named for its reddish heartwood, from L. ruber "red" (cf. robigo "rust"). Robustious (1548) was a common form in 17c. (cf. "Hamlet" iii.2); it fell from use by mid-18c.(dictionary.com)
            Sentence: In my opinion Woodstock School has a robust community.


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