...| Saving Face | By: Francine D. Kemp | | sjcruz | 9/19/2010 | [Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.] | Within the last nine years, more than 310,000,000 people migrated daily to new points on the globe. (Kemp 2009) Why are so many people migrating? In a world where culture understanding may become more important than actual communication, “Saving Face” by Francine Kemp tries to help us understand conflict in multicultural organizations. To obtain a better understanding of what Kemp means by “saving face” we need to move forward and understand what is happening in the world around us. Author Francine Kemp’s professional interests are in leadership development. Kemps main research lies in the field of women and diverse groups with the focus being cross cultural communication between cultures, genders and social groups. Her education and background are also impressive. Dr. Kemp possesses a Doctorate of Management in Organizational Leadership through the University of Phoenix, a Masters in Education from the Trenton State College now Renamed the College of New Jersey earned in Tel Aviv, Israel, and a double Bachelors in Education from Wright State University, Dayton, Oh. http://www.apu.apus.edu/community/faculty/bio/779/francine-d-kemp “Saving Face” has a broad...
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...Japan’s Economic Malaise Three simple models for why Japan’s economy will never grow again Michael Smitka Professor of Economics Washington and Lee University Lexington, VA 24450-0303 MSmitka@wlu.edu Version 2 May 23, 2003 ---------------The first version was entitled Three Simple Models for Undergraduate Economists and was prepared for the ASIANetwork Conference, Furman University, April 11-13, 2003. This paper differs primarily in the introduction and summary, and in the addition of more figures. The core analysis and most of the calculatioins remain the same. Smitka / The End of Growth v2 May 23, 2003 Page 1 I. Introduction I argue below that Japan’s economy will not grow again, and that (with hindsight) this should not be surprising. First, Japan has matured, to the point where its labor force is in decline. Such an economy is unlikely to grow in absolute terms. Second, that maturation occurred in a short span of time, resulting in large structural shifts in the economy. These strained the Japanese financial system past the breaking point, and have stymied efforts at macroeconomic stimulus. I believe, however, that the magnitude of these shifts would have overwhelmed any financial structure. I do not deny that Japan’s financial system exhibited large vulnerabilities, and its macroeconomic policy systematic failures. Again, I believe that these are beside the point. Third, the current structure of Japan’s economy is not sustainable; financial liabilities (bank...
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...I. Elements of Business Environment II. Social factors affecting acceptance and rejection of an identified product. III. Texture IV. Texture is a crucial criterion for sensory acceptance and rejection. Certain textures do seem to be universally liked, crispness, for example—perhaps through its association with freshness. Of course, to some extent, we will always prefer textures that are compatible with our dentition, and thus we would not expect infants to like hard foods. Foods that are difficult to manipulate in the mouth—such as soggy foods—are commonly disliked, as are foods that require excessive saliva and effort to swallow, such as dry, tough meat. While food texture is often cited as a reason for rejecting food, for example raw oysters, it is likely that such preferences are also a function of our prior expectations for specific foods. V. Color VI. Food color is also undoubtedly a strong influence on acceptability, but again this is likely to reflect prior expectations. Whether we prefer white (U.S.) or yellow (U.K.) butter depends on what we have eaten in the past. Some colors have been thought to be inappropriate for food. The color blue, for instance, has been suggested as a candidate for a universally inappropriate food color—after all, very few foods are naturally blue. But recent marketing of brightly and "inappropriately" colored foods for children tends to undermine this notion, since the children appear receptive to unusual colors. Removing...
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...What if every bank became an investment bank. Interest is no longer used in the system (of the companies). There is less accounting for interest cost. Take peoples savings and invest it. Promise a return on savings by investing the people’s money in companies of their choice. The reason people don’t use investment banks is because fear is put into them, the fear of failure (it crashed once and it will crash again). What if the reason its failing is because of the investors….because of the fear? People need to know that. People invest without enough information on what investing actually is. People need to be more educated on the consequences of pulling their money out of the market. If people where aggressive in the investment industry and smarter about investing, crashes will become less common and people will see larger amounts on investment because let’s face it as an investor the number one thing you want is (growth) and growth happens with (capital)…. interest free capital is better than interest on capital. More returns for the investors, returns that they can reinvest even if its in another company, it still promotes growth. Take the middle man out. What if there were more investment banks then corporate banks. That would give a push to development of business. It would promote growth with the companies paying out investors instead of banks. Banks take money and double and triple by investing and banks clearly have a good strategy otherwise a bank would fail. Well how about...
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...The Growth Record of the Indian Economy, 1950-2008: A Story of Sustained Savings and Investment Rakesh Mohan* I deem it a real privilege to visit the Institute of Economic Growth to deliver the keynote address at this prestigious conference on growth and macroeconomic issues and challenges in India. I am particularly happy that this Conference is being organised by the Institute as a part of its Golden Jubilee celebrations. The Institute has established a long and creditable track record of contributing to economic research consistently over its 50 years history. Its research has greatly enriched the debate on the conduct and formulation of economic policy over the years. The theme selected for the conference is befitting in the present context as we grapple with issues and challenges for sustaining the elevated growth momentum that we have now achieved. This has assumed added contemporary significance in the wake of expected moderation in global growth due to a projected slowdown in the US and some other advanced economies. Whereas emerging markets, including India have so far not been greatly affected by the financial turbulence in advanced economies, the increasing global uncertainties need to be watched and guarded against appropriately. Although our growth process continues to be dominated by domestic factors, we need to recognise some changing global patterns, which could have implications for the macroeconomic prospects of the Indian economy. Accordingly, in my address...
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...personal information which will relieve the customers; they will not face threats because these days there are so many hackers, they can steal information and can use it for inappropriate use. Customers’ information on the wrong hands can be dangerous, so the data protection will protect customer information. On the contrary, the disadvantage to the business is that, they will have to update the latest version of the software they are using to protect the information. As technology changes really quickly they will have to invest money again and gain to get the better version. Due to this the business’s money is going to the investment, so they will have less money for themselves. The benefit of equal opportunities to the customer is that the company will look after the needs of the customer, for instance, the company will have to provide facilities for their customers, and have to exceed individual needs. This will delight the customers as they are being treated fairly and listening to their needs makes them feel they are bring prioritise. The equal opportunities won’t let the business to discriminate the customers due to age, gender, or religion. However, the disadvantage comes to the business because they will have to spend a lot of time exceeding individual needs, by providing facilities, such as, lifts and disabilities parking etc. Providing these kinds of facilities will cost them money, instead of saving money they will have to invest them in here. The sales of goods legislation...
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...Profit Sharing for the Public Sector: The Shared Savings Program in Pittsburg, California The case talks about the development of the new motivation in public sector happened in Pittsburg, which had many identities over the years and new residents have more and more demand on public service. Robert Soderbery, an enterprising entrepreneur, appointed the public works department rather than private business to offer the lowest cost and the most efficient performance in town. At the beginning, to cut the department’s cost, Soderbery took two methods, which include the reduction of reliance on civil service employees and temporary work force instead of employing seasonal help. By using these methods, Soderbery could flexibly hire employees to make his department like a business. Then he created the piece-work program, which incentives employees with more freedom. The program, however, faces a serious obstacle concerning the difference of two types of employees-the clock-punches and the go-getters-. In this process, Soderbey discovered that discipline could not motivate the employees and improve production, while he wanted to get more from employees. Money is the central factor to incentive the employees. So he created the Shared Savings Program having nine primary features. Briefly to say, “ Do not give them more money on a silver platter and they have to have a vested interest.” Luckily, Donato, city manager, regarded the Shared Saving Program as an effective way to survive financially...
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...entrepreneurial and managerial skills and technology. FDIs complement the domestic savings in financing the capital formation in the host country. FDIs contribute to the generation of output and employment. The foreign exchange inflow augments the supply of foreign exchange, which is often scarce in the developing countries. In most cases, however, the project being set up with FDI is dependent upon imported plant and machinery, and technology. The foreign exchange -inflow takes care of these import requirements, partially or fully. The direct cost of FDI to the host country comprises remittances made on account of dividends on the equity held abroad, interest on loans or suppliers' credits extended by the foreign investors, royalties and technical fees, for transfer of technology and other services provided by the foreign partner. Unlike foreign borrowings, servicing remittances, viz., dividends in the case of FDI begin after the project starts making profits. However, the servicing burden of FDI builds up very fast, and consumes considerable foreign exchange resources of the host country. Further, these remittances have the tendency to grow over time as the enterprise consolidates and prospers. Thus, the direct impact of FDIs on the host country includes both positive and negative aspects. The favourable impact is by way of generation of output and employment by complementing the domestic savings and bringing in the much-needed entrepreneurial skills and foreign exchange...
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...THE EFFECT OF SAVINGS RATE IN CANADA The impact of savings rate in an economic has become a very conflicting issue in research and among economist all over the world. This may be due to the importance of savings generally to the economic growth and development of any nation. However, the structure of every economy cannot be generalised by a particular economics’ variation because various countries have different social security and pension schemes, and different tax systems, all of which have an effect on disposable income. In addition, the age of a country’s population, the availability and ease of credit, the overall wealth, and cultural and social factors within a country all affect savings rates within a particular country. Therefore, this paper seeks to find the effect of savings in the Canadian economy. Household saving is defined as the difference between a household’s disposable incomes mainly wages received, revenue of the self-employed and net property income and its consumption (expenditures on goods and services). The household savings rate is calculated by dividing household savings by household disposable income. A negative savings rate indicates that a household spends more than it receives as regular income and finances some of the expenditure through credit (increasing debt), through gains arising from the sale of assets (financial or non-financial), or by running down cash and deposits. Since the early-to-mid-1990s, savings rates have been stable in some...
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...December 10, 2010 Week 7 Assignment: End of Chapter Questions 1. Chapter 41.2 2. Chapter 41.7 Chapter 41.2 Definition of Security Yes, I believe that the notes issued by Co-Op were “securities”. Co-op offered the promissory notes to both members and non-members on the basis that they were an “investment program,” and they were offered at an interest rate higher than that available on savings accounts at financial institutions. I believe this note falls under an “investment contract.” An investment contract is a flexible standard for defining a security. Under the Howey test, a security exists if an investor invests money in a common enterprise and expects to make a profit from the significant efforts of others. In this case, investors bought the promissory notes, which were payable on demand and the invested money went to support Co-Ops general business operations. The investors invested their money into Co-Op and expected to make profits based on the efforts of the promoters. By definition, the notes in this case fall under investment contracts, and therefore qualify as a security. Chapter 41.7 Hoodes wins. Insider trading occurs when a company employee or a company advisor used material nonpublic information to make a profit by trading in the securities of the company. In this case, it is stated that “Hoodes did not possess material nonpublic information about Sullair when he sold or purchased the securities of the company. In the Matter...
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... One of the major contributors to the same is expected to be the young working population of the country. The working population (15-59 years) of India today largely, approximately 57%, consists of the youth (15-34 years). According to official data, India's labour force, which was 472 million in 2006, was around 526 million in 2011 and is expected to be around 653 million in 2031. In just about 3 years, 25% of the world’s working population will be Indian. Human beings tend to have a higher proportion of consumption in their childhood days, whereas, they save the most in their working years. Thus, the dependency ratio has gone down with the rise in the average savings rate. The saving rate of India has been on an increase since 2003 and currently stands at 33% of the GDP of the nation. The greater savings are expected to fuel higher investment rates contributing to growth of the nation. While the above is the supply side of the story, there are contributions from the demand side as well. The shift in demographics with rise in youth in the nation, there has been a steady rise in disposable income in the hands of individuals. This has led to a change in lifestyle of the individuals leading to growth in demand for consumption of goods to meet more than the basic needs of the individuals. In order to cater to this demand, there has been a drastic rise in consumerism in the country. Today domestic as well as international companies are all flocking to meet the Indian consumer’s...
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...open a pizza parlor in your hometown. You plan to deliver your pizzas in a four mile radius from your shop. Your annual fixed expenses are $54,000. You charge $10 for a pizza and it costs you $6 to make and deliver each pizza. Do not calculate income taxes for the purpose of this exercise. Complete the following problems: 1.Using the contribution-margin approach, what is your break-even point in pizzas? 2.What is the contribution-margin ratio? 3.Compute the break-even sales ratio using the contribution-margin ratio in your calculations. 4.Compute the number of pizzas that must be sold to earn a net profit of $60,000. Part 3: Research Report Research and define the following: A.Define personal saving. Also, differentiate between voluntary and contractual savings. B.What is the European Union (EU)? How...
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...Article Citation: Mayhew, L., & Smith, D. (2014). Personal Care Savings Bonds: A New Way of Saving Towards Social Care in Later Life. Geneva Papers on Risk & Insurance, 39(4), 668-692. doi:http://dx.doi.org/10.1057/gpp.2014.30 Main Issue of Article: The article “Personal Care Savings Bonds: A New Way of Saving Towards Social Care in Later Life” is an interesting take on a new way to pay for your elderly care after retirement. “Social care” is what most people would associate with long-term care. Personal Care Savings Bonds (PCSBs) go about it in a whole different way. The general idea is to blend a traditional savings bond with the lottery. Combining the practical long-term, safe, savings of a bond with the instant gratification of winning a large cash prize. A very large expenditure of people at the end-stages of life is the cost of their care. These costs often destroy personal savings and drain the assets a person wants to leave to their families all while still costing the government (tax payers) billions of dollars per year. PCSBs would hope to encourage more saving by individuals by introducing a lottery aspect. As with any lottery, a person would buy as many “tickets” as they would like. If their number is chosen, they would win a large cash prize. How PCBSs differ is that the bulk of the money from the ticket would go towards a guaranteed bond. As people buy more and more tickets, the amount in their PCSB account would grow. The administrators...
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... Michael Busler, Ph.D. MINICASE #2 30 Sept. 2014 Old Alfred Road Retirement Plan “Old” Alfred Road, age 70 is ready to retire and requires assessment of his fiscal status to do so. He is a widower that lives alone in a home that he has completely paid for that he wishes upon his death to bequeath to his daughter, together with any remaining assets. He wishes to preserve the savings account for unexpected expenses and emergencies, therefore he wishes to live off his investment interest which is expected to continue to grow at .09 and social security payments which will be indexed for inflation at .04. He expects to live an additional 20 years and would like his monthly spending to increase along with inflation therefore remain stable in today’s dollars. His balance sheet is as follows: Income: Initial Interest Per Month Per Year (one) Investments 180,000 .09 1,350 16,200 Savings 12,000 .05 50 600 Social Security 750 .04 750 9,000 Expenses: Per month Per Year (one) Assumed Rate of Inflation Basic Living Expenses 1500 ...
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...Recession Looms for the U.S. Economy in 2007 z 1 Introduction The recovery that began in November of 2001 is likely to come to an end in 2007. The main factor pushing the economy into recession will be weakness in the housing market. The housing market had been the primary fuel for the recovery until th e last year, as there was an unprecedented run-up in house prices since 1997. With prices now he aded downward, construction and home sales have dropped off by almost 20 percent against year ago levels. Even more importantly, borrowing against home equity, which had been the main factor fue ling consumption growth, will plummet as many homeowners lack any further equity to borrow against. The result will be a downturn in consumption spending, which together with plun ging housing investment, will likely push the economy into recession. The economy will see a subst antial net loss of jobs, with nominal wage growth slowing as the labor market weakens over the course of the year. Overview This recovery has been fueled to a very large exten t by a housing bubble, just as the second half of the nineties cycle was fueled by a stock bubble. Sin ce 1997, average house prices have risen by more than 50 percent, after adjusting for inflation. Hist orically, house prices have moved at approximately the same pace as the overall rate of inflation. 1 This unprecedented run-up has not been associated with extraordinary population or income growth...
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