“It’s time to clean up this mess.” Famous last words heard from the mouths of many different politicians when talking about the national debt and the budget deficit. Our debt is currently $4.41 trillion and we have a budget deficit of around $300 billion and growing. Our government now estimates that by the year 2002 the debt will be $6.507 Trillion. While our politicians talk of balancing the budget , not one of them has proposed a feasible plan to start paying down the debt. In the early days
When Alan Greenspan presented the Federal Reserve's semi-annual report on monetary policy to the Subcommittee on Domestic and International Monetary Policy, the Committee on Banking and Financial Services, and the U.S. House of Representatives on February, Dr. Greenspan touted a cautionary yet favorable view of the U.S. economy. He states that "With inflationary pressures apparently receding, the previous degree of restraint in monetary policy was no longer deemed necessary, and the FOMC conseq
Adam Smith Adam Smith, a brilliant eighteenth-century Scottish political economist, had the advantage of judging the significance ol colonies by a rigorous examination based on the colonial experience of 300 years. His overview has a built-in bias: he strongly disapproved of excessive regulation of colonial trade by parent countries. But his analysis is rich with insight and remarkably dispassionate in its argument. Adam Smith recognized that the discovery of the New World not only brought weal
Essay on Poverty and Welfare Today it seems as if everyone has a theory about fighting poverty, now it is not necessary to be moving in the theoretical plane. Our country has had successful anti-poverty programs that were effective back a century ago, effective because they were based on these seven points: affiliation, bonding, categorization, discernment, employment, freedom, and God. But a key element in all of them is personal involvement and challenge, both material and spiritual. If folks
Crime and the Black Market in Modern Day China With a population of approximately 1,203,097,268 people , China, who has the world's largest population, also has the world's fastest growing black market and crime problem. In China, crime rates have been climbing an estimated 10 percent a year since the early 1980s . China is a country that is currently experiencing both political and economic instability. Economic reforms that have been put in place by the government have only widened the income
The topic I have chosen for this term paper is “Ex-Soviet Bloc’s Environmental Crisis, Issue C. #2 Upgrading nuclear reactors to meet international standards. I have chosen this topic because nuclear power is not only an environmental issue but also a severe health issue for the citizens around the nuclear site and also for the rest of the country and world because of food products that could be grown there and used as market items. Nuclear radiation is in no way healthy to anyone. It is much m
    Chinese Economic Reform under Communist Rule   Two years after the death of Mao Zedong in 1976, it became apparent to many of China’s leaders that economic reform was necessary. During his tenure as China’s premier, Mao had encouraged social movements such as the Great Leap Forward and the Cultural Revolution which had had as their bases ideologies such as serving the people and maintaining the class struggle. By 1978 "Chinese leaders were searching for a solution to serious economic proble
Domestic Violence By: Kris Hudson Each day, the statistics on domestic violence get more and more horrifying. A woman is beaten every 15 seconds, 22 to 35 percent of emergency room visits from women are because of ongoing partner abuse, 1 in 4 pregnant women have a history of partner violence, and 63 percent of young men between the ages of 11 and 20 are in jail for murdering their mothers abuser. Also domestic violence is the leading cause of injuries to women between 15 and 44. All these stat
Economic Development in Zimbabwe The country of Zimbabwe is one of the most economically developed on the African continent1. A fairly young political entity, Zimbabwe has only enjoyed recognized autonomy since 1980, the year in which the United Kingdom repealed its imperialistic claims to the African nation2. Despite its youth the country has achieved a level of economic development uncharacteristic of sub-Saharan African nations. Second only to South Africa in economic development, Zimbabwe's
The AT+T Corporation, formerly known as The American Telephone and Telegraph Company, was incorporated on March 3, 1885 in New York as a wholly owned subsidiary of The American Bell Telephone Company. Its original purpose was to manage and expand the burgeoning toll (long distance) business of American Bell and its licensees. It continued as the long distance company until December 30, 1899 when it assumed the business and property of American Bell and became the parent company of the Bell Syst
Explain why it has proved impossible to derive an analytical formula for valuing American Puts, and outline the main techniques that are used to produce approximate valuations for such securities Investing in stock options is a way used by investors to hedge against risk. It is simply because all the investors could lose if the option is not exercised before the expiration rate is just the option price (that is the premium) that he or she has paid earlier. Call options give the investor the rig
To my amazement the Great Depression serves as a natural debating point that "justifies" or "refutes" various economic policies. The Great Depression and the New Deal are complex topics that are open to many interpretations. The Great Depression was the worst economic slump ever in U.S. history, and one which spread to virtually all of the industrialized world. Seeing the order in which events actually occurred dispels many myths about the Great Depression. One of the greatest of these myths is
The soaring volume of international finance and increased interdependence in recent decades has increased concerns about volatility and threats of a financial crisis. This has led many to investigate and analyze the origins, transmission, effects and policies aimed to impede financial instability. This paper argues that financial liberalization and speculation are the most reflective explanations for instability in financial markets and that financial instability is likely to be transmitted glo
A strong culture is one that has dependency upon itself along with outside resources. The economy is hard if nearly impossible to predict, and this puts severe strain on a community that is dependent on one employer. Cleveland, Pittsburgh, and Flint are examples of these types of communities. When a manufacturing process or company pulls out of a city, many problems arise. Flint is a city which has had a significant portion of an industry leave. GM used to be the heart of Flint, until the decis
Floating Exchange Rates: The Only Viable Solution Stentor Smith For some, the collapse of Mexico's economy proves that floating exchange rates and markets without capital controls are deadly. Others find the crash of the European exchange-rate mechanism (ERM) in 1993 to be proof that targeted rates will always be overturned by the free market. Many see the breakup of Bretton Woods as the failure of fixed rates. Yet others believe monetary unification in Europe is the only way to achieve economi
General Motors - Financial Ratio Analysis I. General Motors History Highlights In its early years the automobile industry consisted of hundreds of firms, each producing a few models. William Durant, who bought and reorganized a failing Buick Motors in 1904, determined that if several automobile makers would unite, it would increase the protection for the group. He formed the General Motors Company in Flint, Michigan, in 1908. Durant had bought 17 companies (including Oldsmobile, Cadillac, and P
Hiring Minorities In recent years preferential hiring has become an issue of great interest. Preferential hiring, which was devised to create harmony between the different races and sexes, has divided the lines even more. Supporters on both sides seem fixed in their positions and often refuse to listen to the other group’s platform. In this essay, the recipients of preferential hiring will be either black or female, and the position in question will be a professorship on the university level. T
History of Advertising This Essay is for People that are in VCE up to Elderly People Advertising is dated back to the Christian Era. One of the first known methods of advertising was outdoor signs, they would be painted on the wall of a building and were usually very eye catching. Archaeologists have found signs in the ruins of ancient Rome and Pompeii which advertised travelers to go to a tavern situated in another town. In about the 1440’s there was an invention of a movable-type of advertisi
Japan has performed a miracle. The country's economic performance following its crushing defeat in World War II is nothing short of astounding. The economic expansion of Japan is second to none. All of the elements are in place for Japan to continue increasing its share of the world's wealth as America's gradually declines. The country is on track to becoming the world's largest economy. How did Japan do it? There are many theories and studies that have traced the Japanese miracle without succe
INTRODUCTION The goal of all corporations is to increase shareholder wealth. Shareholder wealth is increased is by increasing the corporation’s profit. In a corporation involved in manufacturing, reducing the cost of the factors of production is essential for growth. One of the major components of production costs is labor. When in comes to labor costs, the corporation and the worker usually have very different goals. The corporation wants to pay the worker as little as possible, while maintain
Internationalization of Accounting Standards for Consolidation Japan: A Case Study The purpose of this paper will be to examine problems with internationalization of accounting standards for consolidations on methods from an international perspective - specifically, in the US and Japan. This is an especially timely topic as standardization of financial markets is a prerequisite to international free trade. Given the trends toward greater globalization, the motivations of companies for seeking a
BECOA Report on Investing Currencies in the Far East Prepared by: Brad Saunders Introduction In the world today, the possibilities are endless for people who want to make money. These opportunities may exist in the form of a bond, currency, stock, or business venture, but the common tie between them is that it is possible to make money if you research the market and impose the proper strategic plans. In this report, the issue of investing money in the currency markets of the Far East will be my
Over the past twenty or so years, great wealth and improved economic and social conditions have been promised to the communities that have embraced legalized gambling. However, with twenty years of experience it is time to look back and analyze whether this is true or not. It could easily be said that gambling is as American as apple pie. Gambling has shaped American history since its beginning. Lotteries were used by The First Continental Congress to help finance the Revolutionary war. Many of
Japanese Business & Culture bus 258.1An investigation of Japanese corporate culture, its trends and changes. Table of Contents1.0 Introduction 2.0 Procedure 3.0 Findings 3.1 Changing social culture. 3.2 Business Culture in Japan 3.3 Why change is needed 3.4 What is Japan and her corporations doing to develop and change 4.0 Conclusion 5.0 Bibliography Japanese Business & CultureAn investigation Japanese corporate culture, its trends and changes.1.0 IntroductionThis report is based around the fol
It sounds simple raise the minimum wage, reward hard work, and strike a blow against the society's inequalities. It's an emotional argument that blurs out the truth and make's people forget one important economic lesson: There's no such thing as a free lunch. The minimum wage has not been increased since the industrial welfare commission raised it to $4.25 an hour. The IWC and the legislature have not agreed since that time that any additional increase is justified because of California's reces
Hand over the rights to Jen schriver NAFTA - Canada’s & Mexico’s Viewpoints When the Canada/U.S. free trade agreement came into effect, the Mexican’s were very impressed by the provision and opportunities that opened for both sides. Mexico then approached the U.S., seeking to form a similar agreement with them. This brought forth a new issue in Canada, should they let Mexico and the U.S. form an agreement without them? Or should they participate, thus transforming their deal with the U.S. into
NAFTA The North America market is one of the richest in the world. Measured in terms of GDP, it is the equivalent of Western Europe. But with a somewhat smaller population, GDP per capita in North America, Canada, Mexico and the U.S., is around 12 percent higher than in Western Europe. The North American Free Trade Agreement (NAFTA), which came into effect January 1, 1994, sets out the schedule for tariff elimination for members.. As a small country, Canada has always been careful in it’s deali
Netscape Analysis Report Accounting 2 Honors I. History Netscape Communications Corporation, originally named Mosaic Communications Corporation (MCOM) was founded in April 1994 by Jim Clark and Marc Andreessen. They released their first browser products free to Internet users in September 1994. Jim Clark is chairman of Netscape Communications Corporation. Before founding the company, Clark was the chairman of Silicon Graphics, a computer hardware manufacturer he founded in 1982. Marc Andreessen
People or Profits? In Almeda County, a private hospital turned away a woman in labor because the hospital's computer showed that she didn't have insurance. Hours later, her baby was born dead in a county hospital. In San Bernardino, a hospital surgeon sent a patient who had been stabbed in the heart to a county medical center after examining him and declaring his condition stable. The patient arrived at the county medical center dying, he suffered a cardiac arrest, and died. These two hospitals
Poverty is a lack of goods and services necessary to maintain a minimal adequate standard of living. The definition of the term adequate varies, however, with the general standard of living in a society and with public attitudes toward deprivation. No university accepted definition of basic needs exists because poverty is a relative concept. In poorer countries it means living at the brink of subsistence, while in our country few improvised families confront starvation, although many suffer fro
RAINFOREST CAFE, INC. OUTLINE TO RAINFOREST CAFE RESEARCH REPORT CORPORATE BACKGROUND History Formation Rainforest Cafe, Inc. was incorporated in Minnesota on February 3, 1994 to own and operate restaurant and retail facilities under the name of "Rainforest Cafe - A Wild Place to Shop and Eat." Chairman of the Board and Chief Executive Officer Election. Lyle Berman was elected Chairman and CEO of Rainforest Cafe at its inception in February 1994. Background. Berman has been Chairman and CEO of
Communism in the Soviet Union and why it Failed Communism is defined as "a system of political and economic organization in which property is owned by the community and all citizens share in the enjoyment of the common wealth, more or less according to their need." In 1917 the rise of power in the Marxist-inspired Bolsheviks in Russia along with the consolidation of power by Vladimir Lenin and Joseph Stalin, the word communism came to mean a totalitarian system controlled by a single political
World Issues Book Review Shooting The Hippo by Linda McQuaig Linda McQuaig’s most recent book, "Shooting the Hippo" is about the causes and results of the debt. It is a look at both the factual causes and the arguments which are merely presented to us through the various elements of the media. McQuaig delivers an insightful overview of the extensive media coverage which has bombarded us over the past few years. "With the excitement of a mystery writer, McQuaig tells the real story behind the de
The microeconomic picture of the U.S. has changed immensely since 1973, and the trends are proving to be consistently downward for the nation’s high school graduates and high school drop-outs. “Of all the reasons given for the wage squeeze – international competition, technology, deregulation, the decline of unions and defense cuts – technology is probably the most critical. It has favored the educated and the skilled,” says M. B. Zuckerman, editor-in-chief of U.S. News & World Report (7/31/95)
Prologue of History Until statehood, Hawaii was ruled economically by a consortium of corporations known as the "Big Five": C. Brewer and Co., sugar, ranching, and chemicals, founded in 1826; Theo. H. Davies & Co., sugar, investments, insurance, and transportation, founded in 1845; Amfac Inc. (originally H. Hackfield Inc.-a German firm that changed its name and ownership during the anti-German sentiment of WW I to American Factors), sugar, insurance, and land development, founded in 1849; Castl
(turn on wordwrap) The Economics of Federal Defense Policy - Political Science ----------------------------------------------------------- Three out of four Americans polled in the 1992 election year believed that the United States was heading in the wrong direction. With such an overwhelming consensus, the country hired a new president to attempt to fix the vital issues at hand. Although both Republicans and Democrats believed that the United States was still the "sole superpower", the people
The Effects of Stress, Alcohol Outcome Expectancies, Gender, Coping Styles, and Family Alcoholism on Alcohol Consumption Research Proposal by Josh Robbins 100-928-594 November 26, 1996 Economics 143 Abstract One large component of American popular culture today is alcohol. A common stereotype for the effects of alcohol is that as a drug it acts as a stress antagonist. This theory was introduced by Conger (1956) as the Tension Reduction Hypothesis (TRW). It states that alcohol’s sedative action
The Great Depression All these changes affects the society in different ways .The Great Depression caused many people to destruct businesses and led the government to regulate the businesses and economic affairs. All this increased regulation led to the widespread belief that the government should promise or guarantee citizens a good life, and high employment. After the depression, many people no longer trusted employers to protect workers. As a result labor unions gained more members and grate
The National Debt For the past centuries, the american people dug themselves into a big hole which is the National Debt. In this paper I will discuss the history of the national debt, effects on the debt/deficit, wais to reduce it and control the deficit. the national debt has increased every year from 1945 to 1995. The biggest increase of the debt was from the years 1985 to 1995 whwn it went up about three trillion dollars. Right after the Civil War the debt held at three billion dollars. In 1
Growth of NYS Business April 17, 1996 For a number of reasons, business enterprise in New York grew by leaps and bounds between 1825 and 1860. New York's growth between the years 1825 and 1860 can be attributed to a number of factors. These include but cannot be limited to the construction of the Erie Canal, the invention of the telegraph, the developed of the railroads, the establishment of Wall Street and banking, the textile, shipping, agriculture and newpaper industries, the development of
Toil and Trouble Millions of Americans are signed up for welfare; the program designed to aid poor and needy families. Unfortunately, it has now become a way of life for many. Many argue that welfare is not destroying our culture and creating a dependent people who have learned to abuse certain privileges that come with living in America, but history has proven that this is not true. Last August, when President Clinton signed the welfare reform bill, he said "Today, we are taking a historic cha
UNEMPLOYMENT In industrialized countries in which most people can earn a living only by working for others, being unable to find a job is a serious problem. Because of its human costs in deprivation and a feeling of rejection and personal failure, the extent of unemployment is widely used as a measure of workers' welfare. The proportion of workers unemployed also shows how well a nation's human resources are used and serves as an index of economic activity. Economists have described the types o
In the past 30 years, the United States auto industry has gone through many changes. In order to stay competitive with a foreign market, constantly threatening to eat away at profits, the American auto industry has had to respond by being flexible and adapt itself to this new situation. Although, in the past, they were slow to get the message sent out by the consumers, the domestic auto industry now seems to be more than willing to analyze, and answer, the demands of a smarter, savior consumer.
WHAT ARE THE HISTORY, LAWS, PROFITABILITY, AND RESPONSIBILITES TO THE CONSUMER OF ADVERTISING HARD LIQUOR ON TV IN THE UNITED STATES? INTRODUCTION Purpose The goal of this report is to inform the reader of the recent events that prompted hard liquor advertising on TV. In addition, the laws associated with advertising across this media, as well as recent legislative endeavors to control such advertising. Furthermore, the report also focuses on the potential profitability the distilled spirit's i
During the birth of this country, Puritans had to work hard to ensure the success of the new state. In order to make work more appealing, the Puritans emphasized the fruits of labor. This attitude, reflected in modern day by the act of "working for a living," is considered as a "badge of pride." Puritan attitudes toward work and the attitudes of two modern day writers toward work all agree that the act of working has virtuous effects, an attitude that I share because of my working experience (C
My Quality Education For years I've heard that in order to succeed one has to receive a quality education. It's kind of funny though, with all the talk about the need for this great quality education nobody ever says exactly what it is. While examining this strange phenomenon I've discovered the basic universal elements of a "quality education". I've also learned that everyone has different standards by which they judge what is and what isn't a quality education, different groups are treated di
The Education System The education system in my country is different from U.S education; mostly it is similar to France education system. The education system in my country is very restricted and it is not easy to graduate from high school. I have been attending US colleges for almost four years now. I finished high school in my country and never get a chance to attend college in there. In this essay I would like to compare and contrast the differences between my high school education system an
What is an Education? According to the Oxford English Dictionary one of the definitions of the word "education" is: "The systematic instruction, schooling or training given to the young in preparation for the work of life; by extension, similar instruction or training obtained in adult age. Also, the whole course of scholastic instruction which a person has received. Often with limiting words denoting the nature of the predominant subject of the instruction or kind of life it prepares, as class
In George Orwell’s 1984, the Party, the government of Oceania, has many slogans. One of the sayings is “Big Brother Is Watching You”. Despite the fact that the slogan is only mentioned a few times throughout the novel, it embodies the government that Orwell has created. We first learn of the slogan when the setting is described on the first page of the book. Orwell depicts, in explicit detail, the sights, sounds, and smells of Oceania. When illustrating the hallways of Victory Mansions, Winston
Joseph Conrad, in his long-short story, ³Heart of Darkness,² tells the tale of two mens¹ realization of the hidden, dark, evil side of themselves. Marlow, the ³second² narrator of the framed narrative, embarked upon a spiritual adventure on which he witnessed firsthand the wicked potential in everyone. On his journey into the dark, forbidden Congo, the ³heart of darkness,² so to speak, Marlow encountered Kurtz, a ³remarkable man² and ³universal genius,² who had made himself a god in the eyes of