...Brother, Can You Spare a Dime? The video, “Brother, Can You Spare a Dime,” gives a good example of market failure in the economy. The video shows how demand and supply are affected. We see how an economy can be booming one minute, and then it all come crashing down the next. We are shown how people can be caught up in the good times, only to have to face dark times to come. The video begins on July 28, 1932 with the Bonus Army of ex-servicemen asking the government for their bonus checks. These checks were not due to be distributed until 1945. These servicemen had fought in the World War I and had nothing left. They had no jobs and had lost everything during this dark time in history. They were stopped from marching to Washington by the police, and current servicemen were brought in to help stop them. They did not understand how the economy had been so good, but now they had nothing. Back in the 1860’s the economy begin to build up until the Great Depression. The country was abundant in many resources such as energy, coal, labor, and oil. There were few trade unions around, and immigrants provided cheap labor. It was said that anyone could be a millionaire if they just worked hard enough. Confidence was building up in the economy. On July 28, 1914, World War I began in Europe. European industrial jobs were taken over. This war made America strong and Europe poorer. America was able to sell goods worldwide without having to worry about competition. This continued to boost...
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...Matthew Catan September 22, 2015 ACC 380K | Smith Cash Flow Analysis 1. Prepare a table comparing the following metrics for Southwest Airlines for the years 2007 - 2009. Use reported numbers from the 2009 10-K. Southwest Calculations Year 2009 2008 2007 A Revenue $10,350 $11,023 $9,861 B Operating profit margin 2.53% 4.07% 8.02% C “Net” profit margin 0.96% 1.61% 6.54% D Accounts Receivable days 6.67 8.08 9.62 E Inventory days 9.51 9.82 11.10 F Trade creditor days 31.72 30.32 35.36 G Return on assets 0.70% 1.15% 4.27% H Return on common equity 1.90% 2.99% 9.63% I Cash Flow From Operations $985 -$1,521 $2,845 J Cash Flow From Investing -$1,569 -$978 -$1,529 K Cash Flow From Financing $330 $1,654 -$493 2. Briefly describe the cash generation / usage activity of Southwest over this same time period. From analyzing the statement of cash flow we get a good picture at Southwest’s cash usage over the three-year period. Operating Activity In 2007 Southwest was able to generate a comparatively large amount of cash. The main reason for this large cash gain is due to the relativity large starting Net Income for the period, about 72% and 84% higher than in 2008 and 2009 respectively. In 2008 the recession really hammered the net cash from operating income with a 153% loss from 2007. Besides the major decrease in Net Income, Cash collateral provided to fuel derivative counterparties resulted in an unusually large loss, this...
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...etc ( accounting for 66% of indias shipping trade). and the wet cargo which includes crude oil etc (34.7%).The Indian shipping industry with its fleet of 1029 ships as on 2012 is the 15th largest in the world and has grown at a CAGR of 3.3% since 1970’s, but however there are plenty of new opportunities for growth as well as severe constraints facing the industry. With the liberalization of the Indian economy and during the period of economic boom, there has been an ever increasing demand for LNG to be imported in the country in order to sustain Indias fertilizer and power plants. This is followed by a need to integrate and develop multimodal logistics in order to ensure that the cargo once unloaded is delivered to the desired location in a speedy manner. This is being taken up by India by planning 16 multimodal logistic parks along Delhi to Mumbai highways and also with the Modi government’s vision of connecting all the rivers in India in order to boost up intra country trade. Another opportunity for growth for the Indian shipping industry which is primarily owned by the government with a few minor private players is through the development of bilateral trade agreements with different nations to enhance our usage of ships even during economic slumps. Despite the growth opportunities the Indian shipping industry has seen its lows in 2010 when the Baltic dry index came down crashing in December 2010 after its peak in December 2007.The shipping industry...
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...(Worldatlas.com, 2016). Venezuela’s Political system is currently dominated by two major parties, the United Socialist Party of Venezuela or (PSUV), and Mesa de la Unidad Democratica, (MUD) a unity coalition party that formed to oppose the PSUV. The PSUV members are referred to as Chavista’s after the former and deceased president Hugo Chavez. The PSUV controls the presidency under Nicolas Muduro, the Supreme Court, and all national institutions. While The National Assembly has recently changed hands and is controlled by a confederation of opposition parties united against the PSUV. The Venezuelan government and political atmosphere are in a state of deep disarray and chaos as hyper-inflation, food and medicine shortages, corruption, and a crashing economy are driving a wedge in the once prosperous socialistic government. The PSUV under control of Mudero is using this opportunity to erode the powers of the National Assembly and consolidate more power as the President. These actions taken by President Mudero are eroding public faith and international relations while the political crisis continues to grow (“6 things you need,”2016). Military Venezuela’s military has gone through a period of modernization since 2005 and boasts an annual budget just shy of 5 billion dollars or 6.5% of Venezuela’s GDP. It has an estimated standing army of 115,000-130,000 personnel and active reserves of 438,000 (Venezuela Military Strength). Its four military branches include the Army, Navy, Airforce...
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...America. The Weston Foods operating segment I based on manufacturing fresh and frozen baking goods in Canada and frozen baking and biscuits in the United States. The other segment is Loblaw operating segment, which is operated by Loblaw Company Limited and its Canada’s largest food distributor and one of the leading providers of general merchandise, drugstore and financial services. The segment that I will be discussing about is Weston Foods segment, specifically western manufacturing branch in Calgary, Alberta. Starting in 2007 Alberta job market had a huge boom due to the oil and gas industry. Lots of people move from all over the country to Alberta as there were many well-paying jobs. That created huge problems for Weston Food Manufacturing as they were not able to compete in wages and benefits with oil and gas industry. Due to the large increase in the population housing demand increased and house prices went up more than 100%. Living in Calgary became very expensive. As Weston Food weren’t providing competitive wages and benefits people started to leave and look for better paying jobs. Turnovers were increasing and they were unable to maintain production. I started with Weston Foods in February of 2011 as a Business analyst and production accountant. Just before the recession they transferred controller from the east and promoted her to the...
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...Summary: On January, 1998, the Senior Executives of DuPont are considering possible divesture of Conoco. Based on financial analysis and economics data analysis, I propose that divest 40% shares and keep the mainly control of Conoco. We believe that divesting Conoco from DuPont will: - permit DuPont to expand its life sciences business, while at the same time allowing Conoco to pursue its investment program in new and capital-intensive oil and gas projects; - facilitate future partnerships, combinations and other arrangements between Conoco and other entities in the oil and gas business; - allow each company to offer incentives to its employees that are more closely linked to its performance; - permit each company to focus its managerial and financial resources on the growth of its business (2) And we also believe that by controlling Conoco, DuPont will: - benefit from the cost of control, promote competitive in other market which need to use crude oil as its raw material. - gain from the increasing price in crude oil in future cause the resources is nonrenewal. Thus, based on financial and economics perspectives, DuPont need to divest 40% of Conoco and keep control the rest of it. Analysis Ladies and gentlemen shareholders, Chairman, Director and Managers, It is a great pleasure to greet you all once again on behalf of the managers of DuPont, and welcome you to our shareholders’ meeting. Today, I have a big decision to announce about Conoco...
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...Impact of the Asian Financial Crisis in 1997 and effect to Latin America Name: Institution: Date: Abstract In 1997, the Asian Financial Crisis spread rapidly all over the Asia and affected almost all the economies in the world. Prior to the Asian Financial Crisis, the Asian countries such as Thailand, Malaysia, South Korea, Indonesia, Hong Kong and Singapore experienced a remarkable growth in the economy that was considered the highest in the world. These Asian economies increased by a notable proportion of 6 to 10 percent annually in the GDP. However, what had been regarded as an Asian miracle seemed to crumple down rapidly 1997 when these Asian countries were faced with a severe financial crisis in their local stock and currency markets. When the economies started recovering from the crisis in 1998, the stock markets in several countries had considerably lost more than 70 percent of their worth, while their currencies depreciated in comparison to the US dollar (Pettis, 2001). The Asian Financial Crisis also affected several nations in the Latin America as they experienced a relentless economic meltdown that had detrimental effects to the economies. For instance, the financial crisis force multinational firms to close down due to liquidation, the banking system deteriorated and this forced high levels of lay-offs leading to unemployment. In addition, the financial crisis resulted in the loss of the people’s purchasing power in the Latin American while nations turned to...
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...rapidly growing energy requirements in the UAE. Critics of this plan deem it to be expensive, extremely risky, and an unwise move given the UAE’s geographical position in the middle of an area sparked by political tension due to nuclear issues in Iran and terrorist organizations in the Levant and Yemen. Despite the aforementioned criticism, nuclear energy is unequivocally the most efficient solution to address the rapidly growing energy requirements in the UAE, a capable long-term replacement for oil, and a potential imperative factor in mitigating CO2 emissions in the UAE, consequently preserving the environment and the ecological system of the UAE. Economics, the Environment, and Nuclear Energy Nuclear energy is a viable, commercially competitive option which would contribute to the UAE’s economy and future energy security. To begin with, the UAE relies on natural gas and oil to produce 98 percent of its electricity. Regarding oil, demand continues to grow, but Earth’s endowment of oil is finite. The U.S....
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...profitable, yet fair in the market place in which they compete. Every businessperson wants his or her company to be the best and wants to create an empire that surpasses all expectations. Unfortunately, they eliminate all competitors seeking their own success. One such company is the mega-retailer, Wal-Mart. Market Structure The monopolistic structure of Wal-Mart will have a negative impact in the future. Wal-Mart is the nation’s largest civilian employer, but their aggressive overtaking of their competitors and their sales may hinder their retail business. According to the Food & Water Journal (2000), Wal-Mart is being considered a monopolistic beast. The German government has been watching Wal-Mart closely since the corporation came crashing into the German economy two years ago by buying up two of its larger supermarket chains. The German government launched an investigation and found that Wal-Mart knew supermarket chains were illegally selling below their wholesale costs, with the goal being, to bleed their opponents dry and then revel without competition from there on out. Although, Wal-Mart enjoys continued success, some governments are questioning their marketing tactics. Wal-Mart’s disregard of the benefits to the consumer seems to be marginal and temporary and the damage to the competition, though illegal, obstruction of small- and medium sized companies is very significant. The negative impact will hit other discount giants like Kmart and JC Penney, because Wal-Mart...
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...ASIA MONTHLY January 2015 Topics Korean household debt total expanding··········································· 1 Korea ················································································································ 3 Malaysia ··········································································································· 4 Philippines ········································································································ 5 China ················································································································ 6 http://www.jri.co.jp/english/periodical/asia/ January 2015, No.166 ASIA MONTHLY REPORT Topics Korean household debt total expanding The economic stimulus measures announced by the South Korean government in July, 2014, included a substantial easing of housing loan restrictions. Bank of Korea also fell in step with the government and lowered its policy interest rate twice. As a result, the expansion of household debt has been reined in. ■ Household debt total 1,060 trillion won ＜Household Debt＞ It has been pointed out for some time now that the （Trillion Won） Household debt burgeoning household debt total constitutes a potential 1,200 Disposal Income risk factor for the Korean economy. The household debt Household Dept to Disposable Income Ratio 1,000 total passed the 1,000 trillion won mark at the end of 2013, and was 1,060 trillion won in September...
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...Submitted to Md. Shakhawat Hossain Lecturer, Department of Management Studies, Faculty of Business Administration and Management Submission date: 15/12/2011 Course code: MST326 Course title: Entrepreneurship development and Business Environment Submitted by GROUP: INNOVATION Level-3, Semester-II Session: 2008-2009 Faculty of Business Administration and Management Patuakhali Science and Technology University Dumki, Patuakhali-8602 Small Scale Industries of Bangladesh: A Case study of some small scale industries A report On ATTENDANCE SHEET Level: 3, Semester: II Course code: MST326 Course title: Entrepreneurship development and Business Environment Report title: Small Scale Industries of Bangladesh: A Case study of some small scale industries Roll. No. | Reg. No. | Name | Signature | 0803019 | 01881 | Dibakar Chandra Das(GL) | | 0803001 | 01862 | Farjana Khanom | | 0803003 | 01864 | Kazi Riasat Muntahi | | 0803011 | 01873 | Kamrun Nnahar Sila | | 0803018 | 01880 | Md.Nazmul Haque | | 0803021 | 01883 | Hasnain Ahamed Asif | | 0803023 | 01885 | Md. Ali Marjan | | 0803026 | 01893 | Md. Saidur Rahman Sajib | | 0803027 | 01894 | Atia Jahan Siddiqa | | 0803037 | 01906 | Tania akter | | 0803042 | 01912 | MD.Mahbub Alam | | | | | | Accepted by: …………………..………… EVALUATION SHEET Level: 3, Semester: II Course code: MST326 Course title: Entrepreneurship development...
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...Top 10 Corporate Information Technology Failures AMR Corp., PROJECT: “Confirm” reservation system for hotel and system for Budget Rent A Car Corp., hotel and rental car bookings Hilton Hotels Corp., Marriott International Inc. WHAT HAPPENED? After four years and $125 million in development, the project crumbled in 1992 when it became clear that Confirm would miss its deadline by as much as two years. AMR sued its three partners for breach of contract, citing mismanagement and fickle goals. Marriott countersued, accusing AMR of botching the project and covering it up. Both suits were later settled for undisclosed terms. Confirm died and AMR took a $109 million write-off. Snap-On Inc. PROJECT: Conversion to a new order-entry system from The Baan Co. WHAT HAPPENED? Despite three years of design and implementation, a new order-entry system installed in December 1997 costs the tools company $50 million in lost sales for the first half of 1998. Orders are delayed, inventory is miscounted. Snap-On’s operating costs soar 40%, mainly to cover costs of extra freight and temporary workers. Franchisees, frustrated because they can’t operate the new software, turn to Snap-On competitors. Company profits for the period sink 22% compared to 1997. FoxMeyer Corp. PROJECT: SAP ERP system WHAT HAPPENED? A bungled enterprise resource planning (ERP) installation in 1996 helped drive FoxMeyer into bankruptcy, the drug distributor claims in lawsuits still pending against SAP AG, SAP America Inc...
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...Factors affecting on stock price 1. Introduction The stock market has become an essential market playing a vital role in economic prosperity that fostering capital formation and sustaining economic growth. Stock markets are more than a place to trade securities; they operate as a facilitator between savers and users of capital by means of pooling of funds, sharing risk, and transferring wealth. Stock markets are essential for economic growth as they insure the flow of resources to the most productive investment opportunities. In essence, a large number of economic variables like gross domestic product, interest rates, current account, monthly supply, employment, their information etc. have an impact on daily stock prices (Kurihara, 2006). This paper reflects how stock price is determined by considering the effect of different factors and outlines whether the internal, external and economic factors have impact on stock pricing. This study is about to know whether Dividends, paid up capital, market capital, corporate social responsibility, lawsuits, Retained Earnings, AGM, EGM, Earning Per Share, Rumors, Margin Loan, Net Income, Face Value, Return on Investment, Goodwill of the firm, Company News, Analysts Report, Sentiment, Rumors, etc. depends on stock price or merely some special factors like stock dividend, P/E ratio, government policy, macroeconomics fundamental, investors sentiment...
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...Manufacturing Process From Your Living Room As many of us may know, the world we live in has been and will always continue to advance in technology. You cannot escape from the outburst in technology because of the dependency that we have created due to the lazy mentality imbedded in our brains. One advancement that is on the rise is three dimensional printing. Three dimensional printers are machines that can take a shapefile or design created in a computer-aided design software, CAD, and produce the custom designed image into a working test product. Three dimensional printing has taken manufacturing to a new level due to the ease of producing prototypes. Companies have harnessed this technology and used it to produce actual size prototypes that can be physically held and interpreted before producing. These prototypes can also benefit by being a “dummy” for creating injection molds. Indeed this technological advance is a great hype and improvement in the world of production saving time and money in the long run; however, the question is raised, can this epidemic be harnessed by everyday users in their home? There are both pros and cons to the use of three dimensional printers that need to be addressed before the decision can be made of whether this advancement is sensible or not. Nick Allen from Gizmodo.com is very strong on his article expressing the cons to the issue. On the other hand, Christopher Barnatt, from his website Explainingthefuture.com, takes more of a...
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...firefighters and police officers. This triggered major warfare in the Middle East. Many Americans are familiar with that story, because it is what we were told repeatedly to believe. The story was told on the news, on the internet, over the radio and virtually everywhere in the United States. What most people do not know is that there is information that does not correlate with that story. On a topic like this it is important to know the facts and make sure that they are legitimate. The first thing that struck many people as “odd” was the lack of evidence from the supposed Pentagon attack. There was no visual evidence; such as pictures, videos and a handful of eyewitnesses. The pentagon refused to release any videos that showed the Boeing 757 crashing into the building. This immediately caused theorists to think “something isn’t right here”. The Pentagon is one of the most secure and heavily monitored buildings in the world. Albert N. Stubblebine III is a retired Major General in the United States Army. He was the commanding general of the United States Army Intelligence and Security Command from 1981 to 1984. In an interview Stubblemine revealed lots of information about the attacks on 9/11. He mentioned that he initially believed the story concerning 9/11 until he saw the hole in the Pentagon. He continues by telling us more about that day, including the fact that “only one sensor surrounding the Pentagon was on during the crash. It caught the object that hit the Pentagon on camera...
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