...Reflective Questions 1. What was your purpose in writing the paper? What do you want the reader to understand after reading? My purpose was to do an argumentative essay in accordance with Rampage Chapter 14. I want the reader to understand the pro and cons of using privatizing Social Security. 2. What was the most challenging part of writing this paper, and why? Explain. For me it was sitting down and gathering my thoughts. I had a trying schedule with work and needed that time to myself to make it happen. I do have an opinion and I find it difficult to put them aside and argue both sides. 3. What do you see as the strengths of the paper, and what would you try to do if you were to revise it some more? The strength of my paper I feel is that it gives legit and strong facts of the pros and cons of the topic. If I could tweak it some more it would be to not personalize it as much. 4. What is not a part of your paper that you think might help a reader understand or appreciate it more? What didn't you put in? Are there certain events or feelings or memories that led you to write on this topic or to take this approach? What kind of feedback or response would you like from your reader? I think this essay will definitely bring to light the future of social security. I think that individuals don’t know that they could lose their money if they do not take the time to learn the benefits of the programs to include privatization. Jabari Williams Professor Houston ...
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...Sample Essay on Financial Planning It is vitally important for the individual to set up a personal financial plan in order not to experience hardships and financial difficulties in the future. Financial plan assure financial stability and financial freedom that one wants to possess till the end of his/her life. The following essay will speak about the role of the financial planning for the retirement years and will state that people without financial plans face substantial pain/suffering/unhappiness in their retirement years. The process of developing a sound financial plan is a routine process that indeed involves not only careful financial analysis of the person’s current situation and long-term commitment to implement and monitor that plan throughout his/her life, but also requires careful thinking for the future. In order to properly achieve the financial planning goals, one has to monitor the performance of the financial plan as well as make proper changes when necessary. Thus, in order for the plan to remain of use for the person and not a fortune for financial advisors, one has to make it user-friendly and elaborate. For example an article How to manage your money, noted that one is not able to compete well without the resources and thus has to read a lot about the market (Macklem, Katherine, 2004). One should weigh all the pros and cons of mutual funds namely, criteria for selecting stocks, the fund managers, and track record. Katherine Maclem (2004) states...
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...Many individuals believe they can rely on Social Security to cover their needs when they retire. However, if they do not take the responsibility of planning and saving for their retirement today, they will find themselves working far longer than they expected or living at a lower standard of living. Social Security was introduced during the Great Depression by President Franklin Roosevelt to provide benefits to those who qualify for retirement, disability, and death. The system is set up so that it funds itself. It uses the funds that working individuals pay into it through taxes and pays out to those collecting Social Security. This means that even though working individuals are paying the Social Security taxes today, it does not necessarily mean the money will be available for them to collect when they retire. This is because the money does not go into a retirement account for each individual paying the taxes and saved for their retirement, but instead is used to fund the system for today’s retirees. When the amount collected from tax deductions is greater than the payout to participants, the excess money is saved in the Social Security Trust Fund. Many people believe that relying solely on the Social Security System for their retirement needs is a secure plan. They assume that as people retire, there will always be a younger generation working to fund the system for current retirees’ Social Security benefits. However, this is not exactly the case. As Baby Boomers are retiring...
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...Retirement Essay It is important for our generation to start preparing for our future as early as possible. During this economic crisis it is difficult to predict our job security as well as our future finances without proper planning. Over the last couple of years we have seen the implications of what can happen to those who do not take actions to secure their finances. For those of us who are in the military we have a bit more control over our job security as opposed to those who are not. Most of us can expect to have a steady income for at least the twenty years should we choose to make the military a career. You should be saving at a minimal fifteen percent of your income each month to prepare you for your future. I recommend that you save ten percent of your gross income for your retirement and the other five percent for your long-term goals. There are many benefits to be had once you start saving such as a substantial savings for your retirement, money to purchase a home, and money for your children’s education. It is often said that the average person’s savings should have enough funds to cover at least six months of your rent or mortgage. It is important for you to start saving early so that you can provide for your family in case of unexpected emergencies, retirement, and future plans. You do not want to rely on high interest credit cards or pay day loans to get you out of a situation. These will only put you further in debt. The sooner you start saving...
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...definition of wealth? a. the sum of all current and future income b. the total of all assets and all income c. the total of assets and income less any liabilities. d. the sum of current income and the present value of future income. (d, moderate) 2. Stocks and bonds would be classified as: a. real assets b. indirect assets c. personal assets d. financial assets (d, easy) 3. Technically, investments include: a. only financial assets. b. only marketable assets. c. financial and real assets that are marketable or non-marketable. d. only financial and real assets that are marketable. (c, easy) 4. The retirement plans that guarantee retirees a set amount of money each month are known as: a. 401(k) plans b. self-directed plans c. defined-benefit plans d. defined-contribution plans (c, moderate) The Importance of Studying Investments 5. The investment professionals that arrange the sale of new securities are called: a. arbitragers b. traders c. investment bankers d. specialists (c, moderate) 6. Another name for stockbrokers is: a. specialists b. registered representatives c. security analysts d. portfolio managers (b, moderate) 7. Investment professionals...
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...by Radley Balko two different viewpoints are expressed on fast food and what it does to the individual as well as the economy. In the articles both authors show their awareness of the problem at hand but point the finger at two very different groups of people using factual and statistical evidence as well as personal opinions. Although both arguments are very valid, David Zinkzenko’s essay provides the reader with a lot more than opinion. The title in every essay brings it to life. A spunky title will keep your audience yearning to read what the writer has to say, while a boring title will readers doped up on energy drinks to get through what the writer has to say. David Zinczenko’s title, “Don’t Blame the Eater” catches the reader’s eyes. The title as a whole has the audience asking questions about the “eater”, and who blames them? However, the title of the second article, “What You Eat Is Your Business”, by Radley Blanko comes off as arrogant and insensitive to the reader. An example of a less arrogant title would be, “All You Can Eat”, this title would be more pleasing to the reader allowing them to imagine an all you can eat buffet. As a reader, I take immediate offense to the title because of the negative connotation it gives off. Without a strong claim, a paper has no foundation. Both author’s do exceedingly well when providing a powerful claim to their argument. In the essay “Don’t Blame the Eater” Zinczenko expresses his concern for obesity but argues that the consumer...
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...Rushell Baderman Island Resort ensures all guests enjoy a relaxed and care free stay. In doing so the interior of company must be structured to function at its highest level of performance. This essay will outline the general functions of the Food and Bar Management and Front Office Supervisor. It will focus on the performance management systems, discuss the advantage and disadvantage of two different job evaluations, compare and contrast compensation plans, and explain the importance of providing employee benefits plans. Each area is unique to this company and its success. Describe the general function of performance management systems. If your assigned company does not use a performance management system, would you recommend it use one? LISA Overall the success of our company in general is due to our commitment and dedication given to our employees. The company strives to ensure that every employee is given an equal opportunity, and it is our duty to embrace each employee to the fullness of their potential. The company accomplishes this task by the use of performance management systems. Performance management systems are used to sustaining and measuring an employee’s performance. These methods are the key to an organization success because an organization can assess individuals' performance and reward them appropriately. To do this successfully an organization needs to have a system that manages performance: not just for reward purposes but also to help establish what...
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...in your paper. For example, if your general area of interest is Social Security, a potential research question might ask, “How might low-income families save more money under a reformed Social Security plan that includes personal retirement accounts?” As you develop a research question, keep in mind that you will research sources with both supporting and differing viewpoints. Do not select a narrow or one-sided issue that will limit your research; instead, develop a research question that lends itself to further exploration and debate. |What is your topic or area of interest? |My topic of interest is Drugs. | | | | | | | | | | |In what ways is this topic appropriate for a persuasive essay? |The way in which this topic is appropriate for a persuasive | | |essay is because I will be able persuade a person to not use | | |drugs and the affects it as on people in our society and | | ...
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...'How Sharon secured £100,000 to take early retirement?' This essay will start by assessing Sharon current situation. Therefore, contribute to the route of the investment. That is relying on both text and supposed information. Furthermore, maintain Sharon's place on risk in relation to return. Not only but also relate to Sharon's tax position. In addition present evidence to back or question speculation. From the text book Sharon is 40 years, single and has no known dependents. A home owner, debt free and the potential investor with £100,000. Therefore, imagine Sharon being in the high income bracket. With the possibility of having an occupational pension. In the first instance, Sharon priority is early retirement at 55 years. To simulate further Sharon is a somewhat nervous investor. For example, with Sharon's view to risk. We know from Rutterford (2006 p.191) regarding the UK Financial Services Compensation Scheme. Should a banking institution bust, this may cover all or part off an investment depending? Consequently, covering 100 per cent of the first £2,000 then 90 per cent of up to £33,000. The investor should know if their bank is registered. Moreover, another risk to savings is inflation. Unless interest rate is above inflation savings are devalued. However, Sarah could invest into a fixed rate 'Index linked Savings,' account. The returns are between 1.05 to 1.10 per cent above the current inflation rate. However, should interest rate rise this investment would...
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...defined-benefit and defined-contribution pension schemes and the trend in these two pension schemes This essay focuses on the differences between defined-benefit and defined-contribution pension schemes as well as alternative reasons why defined-contribution pension schemes are becoming more and more important. Defined-benefit and defined-contribution pension schemes are two basic types of pension schemes. (Clark & Melinda, 1999) Defined-benefit schemes promise a particular benefit at retirement whereas defined contribution schemes only prescribe rules of contribution saving into individual accounts. In general, the size of defined benefit pension is determined by the final salary and the length of service while the income of defined contribution pension scheme is based on the value of the fund at retirement. In the UK, Both employer and employee contributions to the pension schemes are tax-deductible, even though the pension itself is taxable. (Redhead, 2008) Defined-benefit schemes, also known as final-salary schemes, are typically provided by employers for their employees. The schemes promise to pay a specified level of income at retirement. The income is worked out according to the number of years in the scheme and the final salary at retirement. The schemes would provide the accrual rate, typically 1/60th or 1/80th. (Callaghan, et al., 2012) For example, a person’s salary at retirement was £24,000 and he has worked for 40 years until retiring. In a 1/60th scheme, he would receive...
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...Employment Law CLASS 13: November 16, 2015 Book pgs. 1017-1019; 1032-1042; 1043-1047; 1051 1075-1079; 1088-1094; 1108-1111; 1123-1126; 1131-32; 1137-1145; 1194-1202. Unemployment – Chapter 12 Bankruptcy Large and small American companies have become bankrupt either as a means to terminate business or a way to reorganize and continue to operate. The Supreme Court held unanimously in NLRB v. Bildisco & Bildisco that a collective bargaining agreement is only an executory agreement, and can be rejected by the employer after bankruptcy if the agreement burdens the estate, and the equities balance in favor of rejecting the labor contract. The Supreme Court also held that an employer commits no unfair labor practice if it unilaterally alters the terms of the existing collective bargaining agreement. After bankruptcy petition has been filed but before review by a bankruptcy court of the arguments for altering the contract. Plant Closings Local 1330, United Steel Workers of America v. United states steel Corp. (p. 1032) 631 F.2d 1264 (6th Cir. 1980) Facts: The D., United States Steel Corp had two large steel mills in Ohio. The P., two local unions represent about 3,500 production and maintenance employees. The plants have been the life blood of the workers, their families and the community for many years. The Ds are closing the plants because of unprofitability. The Plaintiffs, the Congressman from the district, and the Attorney General from Ohio sues United States Steel...
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...Chapter 14 1. What policies were put into place to increase employment and reduce lay-offs? The government hands out subsides to companies that keep surplus workers and a shor-time compensation program that allows employees to collect unemployment in exchange for reduced hours at work. A private employer-employee work arrangement that also accomplishes a similar goal of working time reduction during slack demand by allowing German companies to set up working hours accounts for their employees. In turn this helps employers to adjust the amount of work done to face peaks and troughs in production without having to its employee’s overtime. 2. Can unions/works councils increase employee interests? The job alliances increase works councils’ input into company strategy and the crisis has drawn employers and work councils closer together. Both are determined to defend and increase Germany export success. Public and private policies are structured so that economic downturn is minimized through burden sharing-rather than asking a few to take on the burden through lay-offs, the German model asks more workers to share the cost and as can be seen from 2008-2009. 3. Can a recession create an innovative approach to managing a labor force? The number of people of working age in western Germany shrank for the first time and the companies the hardest hit were those threat were already having problems recruiting skilled worker. To face this scarcity many firms have developed a “dual...
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...Ten years after the end of the Second World War, Singapore was a developing nation and life expectancy was on the rise. People were struggling to get by. Consequently, the British introduced in 1955, the Central Provident Fund (CPF), a social security savings scheme as an alternative to a state pension scheme. The CPF has evolved significantly since its humble beginnings more than half a century ago. With multiple modifications over the years, citizens now can use their CPF savings to purchase public and private housing, pay for medical expenses, education, investment options and even insurance protection plans. However, with changes come a myriad of benefits as well as flaws. General public discontent lies in a few main issues. Firstly, the fact that interest accrued by CPF savings is too low. Secondly, much of the government approved investments of CPF monies were lost due incorrect timing of the investments and high transactions costs. Thirdly, the minimum-sum scheme introduced in 1987, disallowed full withdrawal of one’s CPF savings at age 55. CPF savings are invested in Special Singapore Government Securities (SSGS). These bonds have consistently achieved a triple-A (AAA) rating, the highest possible credit rating by the three main credit rating agencies worldwide. Standard & Poor’s, Moody’s and Fitch Group. The income from the issuance of these bonds are then combined together with other government funds which are then placed with the Monetary Authority of Singapore...
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...Chapter 12 Human Resource Management True/False Questions WHY HUMAN RESOURCE MANAGEMENT IS IMPORTANT 1. High-performance work practices are those that lead to high individual and high organizational performance. (True; moderate; p. 323) 2. High-performance work practices involve a commitment by management to improve the knowledge skills and abilities of the organization’s employees, increasing employee motivation, and enhancing the retention of quality employees. (True; easy; p. 323) THE HUMAN RESOURCE MANAGEMENT PROCESS 3. The human resource management (HRM) process consists of 10 activities necessary for staffing the organization and sustaining high employee performance. (False; moderate; p. 323) 4. A labor union is an organization that represents workers and seeks to protect their interests. (True; easy; p. 323) 5. In the United States, nearly 25 percent of all workers are unionized. (False; moderate; pp. 323-324) 6. Affirmative action programs assure that minorities are given equal opportunities in the workplace. (False; difficult; p. 324) 7. A community fire department can categorically deny employment to a firefighter applicant who is confined to a wheelchair. (True; moderate; p. 324) 8. The United States will experience a shortage of 20 million workers over the next 10 years according to the U.S. Bureau of Labor Statistics. (False; moderate; p. 325) HUMAN RESOURCE PLANNING 9. Human resource planning can be condensed into two...
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...Federal State Budget Institution of higher education «FINANCE UNIVERSITY UNDER THE GOVERNMENT OF THE RUSSIAN FEDERATION» Chair of «Macroeconomic regulation» Essay Moscow 2014 Introduction 3 Main part 4 The impact of sanctions on the financial sector 4 The impact of sanctions on the industry of the Russian Federation 6 The impact of sanctions Russia in the nearest future 7 Conclusion 9 Introduction The first sanctions against Russia were introduced on 6 March 2014, but they had a more symbolic and looked more like a friendly gesture from the West than on a real blow to the economy. The following steps restrictions for the Russian Federation have become much more significant and can cause serious damage to the Russian economy in the medium term. The effect of the sanctions were government officials, major banks, energy companies and the defense, in addition from European, American, Japanese, Canadian and Australian companies made a decision to limit the supply of technologies, weapons, minerals and other goods to the Russian market. According to analysts, in the current conditions on the results 2014 because of the sanctions, Russia will lose about 23 billion euros, or 1.5% of GDP, in 2015, almost 75%, which will further affect the economy and will account for almost 5% of GDP. It is important to note that in such conditions greatly slow down the inflow of foreign investment in Russia, 75% of them falling on the country's membership of...
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