...Hong Kong retains top spot of world's freest economy 12 January 2012 Last updated at 05:28 GMT Hong Kong has been ranked as the world's freest economy for 18 consecutive years Hong Kong has retained its position as the world's freest economy, according to a ranking compiled by the Heritage Foundation, a conservative think tank. Singapore ranked second, followed by Australia, New Zealand and Switzerland. The index evaluates economic freedom by looking at the rule of law, regulatory efficiency, the size of government and open markets. The 2012 report said that economic freedom for the world as a whole had declined over the past year. "Most of that decline is due to a large increase in government spending worldwide," said Edwin Feulner, president of the Heritage Foundation. "Governments have justified this spending as a necessity to restart economic growth but it hasn't worked. We think it's time to give the market a chance to show what it can do," he added. North America and Europe suffered declines in economic freedom over the past year, while economic freedom increased in Asia and sub-Saharan Africa. The US came 10th, down from ninth place in 2011. Mauritius, which ranked eighth, was the first sub-Saharan African country to enter the top 10, Mr Feulner said. Hong Kong retained its top ranking for the 18th consecutive year, but Mr Feulner said that Singapore "was narrowing the gap". The report said the introduction of a minimum wage in May last year had "moved Hong...
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...Economics of Crime and Prevention Ja-mel Q. Whitaker ECO 499 Senior Seminar in Economics and Finance Professor Juliet Elu September 4, 2011 I. What is a Crime? Criminal activities produce several social issues in the United States. Criminal activities affect our “general well-being by threatening loss of property and by generating concern for our physical safety” (Grimes, Register, & Sharp, 2010). A large portion of “national output is devoted to crime prevention activities.” Unfortunately, this diversion of outputs leads to the used resources being “unavailable for other, [perhaps more pressing,] production processes,” such as education. This is not to say crime prevention is not important at all. In fact it is a serious pressing issue that needs serious attention, but could be avoided if people do not participate in criminal behavior. According to dictionary.com (2011), crime is “an action or an instance of negligence that is deemed injurious to the public welfare or morals or to the interests of the state and that is legally prohibited.” Criminal acts are any actions that “society (or one of its subdivisions) has decided it is better off without, which it has therefore made illegal through laws, ordinances, and the like” (Grimes, Register, & Sharp, 2010). Not all criminal acts are immoral, which is the issue with the first definition and most definitions of crime for that matter. Speeding is not necessarily immoral, but it is a crime. Cheating...
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...Business Proposal Draft Executive Summary: We are CO! Our business is an experience, a gas/electric hybrid mobile food truck with healthy, low cost food. Our truck will drive and park around downtown in order to spread our product efficiently. Our food will be Halal, Arabic food. Our initial $25,000 will cover the first quarter of production’s costs, after which we expect to break even. As a whole, we believe our food will satisfy the need of a consumer on a personal level, deeper than the wallet goes. Bringing authentic, cultural cuisine will please both those affiliated and not affiliated to the Middle East. There are limited options available for Halal food, as well as a need for low cost, healthy fast food. Our combined experience in the restaurant industry and with Arabic culture will provide a basis for a competitive business. After our first year of operation, we plan on hiring additional employees and a larger truck. Business Description: For our business, will be opening CO, a mobile food experience. Our venture will take place on an electric/gas food truck hybrid. Here, we will provide customers with an alternative approach to eating. We will provide an easily accessible establishment, being in walking distance of highly populated areas including State University’s campus, Key Bank tower and the warehouse district. Our menu will provide customers with a low calorie dining experience, while still satisfying their hunger. By displaying nutritional facts, our cart...
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...Sina DMCP, Inc. Marketing 301 Dr. Taran Spring 2012 SINA SINA The Pennsylvania State University Janelle Callahan Sina Patel Darkesha Moton Dea Dixon SINA SINA Table of Contents Executive Summary Industry Product Overview Market Opportunity Market Segment Consumer Market Market Survey Target Market Geographic Demographic Behavioral Market Strategy and Positioning Differentiation and Positioning Competitive Review Positioning Statement SWOT Analysis Distribution Channel Marketing Mix (4 P’s) Product Price 1. Budget Place Promotion Executive Summary DMCP, Inc. is preparing to launch a new product into the electronic technology product market called Sina. Our product offers a variety of voice recognition languages including accents which enables consumers to use the product without mobility. We are targeting specific household families with children from the ages of thirteen and up living in suburban areas in the United States. The primary marketing objective for DMCP, Inc. is to reach first-year U.S. sales of 6 million unites. DMCP, Inc. targets to achieve the financial objectives of first-year sales income of $35 million, and a gross profit of $19 million. Industry Product Overview Sina is a new product offered by DMCP, Inc. Sina is a product of a new company named DMCP, Inc. DMCP’s new consumer product is designed to disable the use of remote controls. In place of a remote control, Sina will enable your family’s voice...
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...Minimum wage in Hong Kong Table of Contents 1. Part 1: Minimum Wage law in Hong Kong 2 2. Introduction 2 3. Minimum Wage – Economic Theory 2 4. Introduction in Hong Kong – May 2010 3 5. Impacts – 15 months later 5 5.1. Employment 5 5.2. Firms profitability 6 5.3. Inflation 7 6. Economic cycle considerations 9 7. Part 2: Housing issues in Hong Kong 9 8. Introduction 9 9. Housing situation in Hong Kong 9 10. Housing Demand in Hong Kong 11 11. Housing supply in Hong Kong 14 12. The Current Government Policies 15 12.1. Policy 1: 15 12.2. Policy 2 16 12.3. Policy 3 16 13. Conclusion 17 14. Bibliography 18 Part 1: Minimum Wage law in Hong Kong Introduction The Hong Kong Government introduced of a Minimum Wage in Hong Kong in May 2011, in response to increased incomes disparity in the territory. It uses economic theory to predict certain impacts such as level of employment, profits of firms, inflation effect and potential positive effects on the economy in general. Minimum Wage – Economic Theory Economic theory tells us that when artificial price floors are introduced in the market, they force prices to remain above the level that balances supply and demand. The same is true with minimum wage; it raises the quantity of labor supplied and reduces the quantity of labor...
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...growww.businessmonitor.com Q4 2010 AUStrALiA food & drink report INCLUDES 5-YEAR FORECASTS TO 2014 iSSn 1749-2580 published by Business Monitor international Ltd. AUSTRALIA FOOD & DRINK REPORT Q4 2010 INCLUDING 5-YEAR INDUSTRY FORECASTS BY BMI Part of BMI’s Industry Report & Forecasts Series Published by: Business Monitor International Copy deadline: July 2010 Business Monitor International Mermaid House, 2 Puddle Dock, London, EC4V 3DS, UK Tel: +44 (0) 20 7248 0468 Fax: +44 (0) 20 7248 0467 Email: subs@businessmonitor.com Web: http://www.businessmonitor.com © 2010 Business Monitor International. All rights reserved. All information contained in this publication is copyrighted in the name of Business Monitor International, and as such no part of this publication may be reproduced, repackaged, redistributed, resold in whole or in any part, or used in any form or by any means graphic, electronic or mechanical, including photocopying, recording, taping, or by information storage or retrieval, or by any other means, without the express written consent of the publisher. DISCLAIMER All information contained in this publication has been researched and compiled from sources believed to be accurate and reliable at the time of publishing. However, in view of the natural scope for human and/or mechanical error, either at source or during production, Business Monitor International accepts no liability whatsoever for any loss or damage resulting from errors...
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