...SAVING PLANET EARTH : SAVING LIFE Earth is one of the most wonderful creations of God. It is being created for living things to live in. A planet where a man has the capability to dominion over all creations. An avenue where every being enjoys life to the fullest ― the fresh air, the enticing green plants, the clean surrounding, and the numerous human luxuries in life. In fact, we take so much from the planet Earth everyday. Everything is very crucial in our lives. We need one another to survive as the adage says “No man is an island.” We can’t live without other living things on this earth even a simple plant, animal, and worst the absence of air. Human beings are radical, but we’ve never realized the damaged that we are creating nowadays. We take for granted of the environment that we have without analyzing the consequences. We tend to forget our responsibilities despite of enjoying all the rights that we have. The passing of times is just like a click of a finger which brought us in this very challenging environment where we human creatures slowly by slowly destroying our planet earth. Thus, it doesn’t stop tinkering in our minds the question why we let all of these happened to our own planet? Everyday our environment is being dumped with tremendous wastes; Illegal loggers continue to cut trees even the young ones; Fishermen still using dynamites and fine nets in fishing; and various pollutions accumulated everyday from man’s activities...
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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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...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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...Explanation of Personal Savings Rate The Personal Savings Rate in the United States is a very important figure to understand. Between the economic crisis and 2007 and the expansionary period of 2009-2012, one can notice clear fluctuations in the figure from year to year (1). Regarding the time period of 2007-2012, there are several noticeable highs and lows, including in 2008 with over 8% whereas middle of 2007 is seeing around 2% (2). What has caused these changes in savings and why such drastic changes? Economists have struggled to produce concrete answers to describe these changes, but one major reason is a shift in the mindset of our country’s lifestyle. In order to really understand this shift, we must look at the trends in savings overtime. In the 1970s, the savings rate was 9.6%, but in contrast the savings rate of the last quarter of 2012 was 3.6% (2). We have evolved to become an economy that spends almost all of our disposable income, rather than working and saving for the future. One possible explanation for this increase in consumer behavior is with the extremely aggressive marketing and advertising campaigns led by credit card companies. Today almost anyone can open a line of credit, and this has led to some serious issues. Although we see in the graph the savings rate improved during the 2008-2009 period, the overall savings trend has decreased dramatically and will most likely remain low until citizens are forced to save via higher interest rates (3). After...
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...outlook for the future. The reason that I say this is because as stated earlier I had not previously put real thought into the financial outlook of my future. With that mindset it is hard to change a view of something that you never thought of previously. This course however has given me a new insight into my financial future. I now look forward to saving money in hopes that it can grow and one day I can live comfortably. I think that I now look forward to continuously making money in order to put away for the ability to relax at the age of 65. I also think that I have started to think about the future of things such as Social Security which is something that I had not thought about previously. With Social Security I hope that when I get of age I have made enough money to be able to get Social Security and have that extra income on top of what I have been able to save and hopefully invest up to that point. I think that this course has also helped me when it comes to my marriage and how we approach money. Through this course I have been able to show my wife the importance of us saving for our later years in life. Before she would just spend money and not really think about anything beyond her need for...
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...from payday to payday. In this article we will provide some tips on how to save funds for those who are still struggling, even though they have cut expenses left, right and centre. Put your salary into a savings account A very good approach to saving money is to have your entire salary deposited into a savings account or an investment account. Do some research and find the best savings account that gives you the highest interest rates. Transfer only the money you need for bills from your savings account to your cheque account. This is a great way to save as there will only be cash in your cheque account for your monthly expenses while the rest of your money generates interest in your savings account. Adopt a "can" and "will" attitude There is a lot of truth in the belief that what we tell ourselves has powerful influence on our actions and ultimately, our realities. Saying "we can't" somehow becomes a self-fulfilling prophecy and we get stuck believing that nothing we do makes any difference. Changing your mindset will change your actions which will ultimately change your circumstances. Remove "I can't" and "I won't" from your repertoire, switch to "I will do whatever it takes to get a handle on your financial situation" and you'll see solutions starting to come into your life (which may, in fact, have been there all along). Your attitude and your choices can make all the difference, and the same applies when it comes to finding ways on how to save money. Take a second or a...
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...IMPORTANCE OF BUDGETING AND SAVING Importance of Budgeting and Saving Do you find yourself living from paycheck to paycheck, unable to pay your bills, struggling financially? If so, you are amongst the millions of people who suffer from these same issues everyday. One of the best ways for you to get on financial track is to establish a budget. What is a budget you ask? As defined by Merriam-Webster, a budget is “a plan for the coordination of resources and expenditures” or “the amount of money that is available for, required for, or assigned to a particular purpose” (Merriam-Webster). A budget will help you realize your true income, assess your debt, see how your money is really being spent, and should help you save on some of your unnecessary spending. Budgeting is one of the most important factors when it comes to financial stability. A budget is a precise way to help you live within your means and get your finances under control. Making an individual or a family budget will assist you in your planning when it comes to saving for the education expenses of you or your children, maintaining an emergency fund, planning vacations, buying a home and numerous other unexpected events that life may throw your way. IMPORTANCE OF BUDGETING AND SAVING Creating a budget should be a very simple process. You need to figure out how much money you have coming in and how much money you are paying out. List all of your expenses for the week, month...
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...Todaro considered economic development to fall under three categories: life sustaining goods and services, higher incomes and freedom to make economics and social choices. These may be restricted from improving in countries which are trying to improve their GDP, grow as an economy- developing countries for the following factors. Firstly, in developing countries there is often a savings gap, where by domestic saving is very hard. For example, in low income regions such as Africa with high levels of absolute poverty, these people us most if not all of their income to provide and support their families with none left over to save. This makes it impossible for them to generate sufficient funds for unexpected expenses. This then can damage their living standards further if homes, livestock and possessions are lost. This restriction to make free economic and social choices, would, in Todaros view, indicate a lack of economic development. Furthermore, without saving it restricts developing economies from business and capital investment as with no one saving there is no money to loan out to fund investment and expansion for businesses to improve their capital and thus improving the standard of living in impoverished areas through increased wages and greater access to life sustaining goods such as food and water. Capital investment is important as is our productivity with it as the Harrod-Domar model looks at savings and productivity e.g. capital to explain an economies growth. Finally...
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...amount borrowed from non-residents. Net foreign debt is gross foreign debt minus resident’s lending to overseas. the difference between national investment and national savings. If a country does not have sufficient domestic savings, it must borrow to finance it’s investment which must come from overseas. The Street Savior project is created in intention to eradicate poverty. Not today or tomorrow, but if you join hands with us in supporting for a good cause, we can definitely achieve our goal! India is not yet free from poverty, but it isn’t impossible. For starters, we are concentrating the streets of Chennai, and helping those little boys and girls find a direction in life through education and comfort. For more details, please visit our ‘About Page’. If you are willing to join hands with us, please visit our ‘Get Involved’ page to know more details about our non-profitable organization. If you are a company/business and would like to donate for us, please email us at streetsaviour@gmail.com or by visiting the ‘Donate’ page. Thank you. Let’s change the world for good * There are several ways to reduce a country’s foreign debt: (i) Increasing international competitiveness (microeconomic reform). Growth in exports will reduce the CAD and hence foreign debt. (ii) Increasing the savings pool - this will reduce the borrowings required to fund...
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...1. Unit of Dep method = (Cost of eqpt - Salvage value)*Actual annual production/Total Prodn over life of eqpt = (200,000-40000)*1100,000/55,00000 = $32000 2. Dir Labour = (2000Hr*$12 per Hr)*3 employee = $72000, 18%of $72000 is Benefits, $2500*3 = $7500 is health benefit for 3 employyes 3. Considered $0.45 as purahce price of can if you are not making it. This will tell us cost savings n Make vs Buy. So Annual Saving by Making the cans is $84702. 4. NPV iusing excel function is NPV(12%, -200000,84702,84702,84702,84702,136702) = $155,883.25 5. IRR using excel is IRR(-200000,84702,84702,84702,84702,136702) = 37.54% 6. Payback period:Payback period is the time required for cumulative cash inflows to recover the cash outflows of the project. Payback period = Year before full recovery + (Unrecovered cost at start of year/Cash flow during year) So in present question, We see that by Year 3, the cumulative inflows have recovered ($84702+84702 ) = 169,404 of the initial outflow of 200,000. Thus, the payback occurred during the 3rd year itself. Exact payback period can be found as follows:Payback period = Year before full recovery + (Unrecovered cost at start of year/Cash flow during year) = 2 + (200,000 -169404)/84702 = 2.36 years. 7. ARR calculation has four steps. a-Calculate all cash in flow b-subtract initial investment c-divide the figure by life span of the investment d-calculate what percentage is this of the initial investment by using average annual...
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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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...you haven’t jumped on the investment bandwagon. There are many more, however, why you should. A lot of people feel that investing is something that you have to be a genius to do, or that if you didn’t start early, it’s too late. This isn’t true. Anyone can invest; it can be as simple as opening a savings account. There are people that do all of the research for you, and unless you are going to a full service broker, there are no fees. Also, it is never too late to invest. There are investment options out there that are tailored to your needs and situation, no matter what they may be. The current market makes now the perfect time to start investing. With the market hitting an all time low, the price of stocks is down considerable. If you buy now, when the market goes back up, your money will have an even greater chance at potential growth. Like everything else in life, there are risks in investing, stock markets plummet, and companies go bankrupt. However, you are all but guaranteed to make money in the stock market. You are actually at a greater risk of losing money by leaving it in a savings account, than investing that money. Thanks to inflation, $100 left sitting in a bank savings account for 10 years, will have lost one fourth of its value. Some...
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...Productivity per person | 12.24 units | 65.33 units | 32.00 units | Workers’ compensation claims | 4 | 0.03 | 1.9 | Initial investment | | $1,300,000 | $967,000 | Life of equipment | | 7 years | 5 years | Cost per year | | $185,715 | $193,400 | Wages per year* | $1,520,480 | $536,640 | $804,960 | Cost of workers compensation claims** | $436,000 | $32,700 | $207,100 | Total wages and claims | $1,956,480 | $571,404 | 1,015,156 | Savings from current wages and claims*** | | $1,385,076 | $941,324 | *calculated at $43 per person at 2,080 hours per year **calculated at $109,000 per claim ***calculated by deducting alternative wages and claims from current total of wages and claims Recommended Action – Alternative 1 Alternative 1 appears to provide the best course of action. It reduces the workforce to six persons per eight hour shift yet increases productivity per person to 65.33 units compared with the 12.24 units per person currently produced and 32 units per person estimated with Alternative 2. Further, wasted motion is reduced to a mere 1% and pounds lifted to 12 thereby reducing both time wasted and potential workers compensation claims. Therefore, although the initial investment is significant for Alternative 1, these monies are recouped within the first year of implementation because of the savings in unpaid...
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...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 color from common foods does reliably reduce liking for those foods, perhaps by undermining our ability to identify their flavor, thus making them seem less familiar. Product optimization Understanding why consumers prefer some foods to others is of the utmost importance to food producers and suppliers in the ‘real life’ situations of marketing, advertising...
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...My recurring problem has got to be financial income. I have never been good at handling my bills and savings properly one minute I have extra cash the next minute its gone, spent on some great night out with my fiancé or blown on musical equipment. This problem has impacted my life in a severe manner, I can’t go on vacations, get myself out of emergency situations, or upgrade my life due to unsaved money. I have always treated this problem like it wasn’t a problem and that I will recover my losses next week, next paycheck I’ll get myself out of this mess I’d always say. By not seeing that it is a problem it has really caused more of a problem than the problem itself. All I need to do is save money from my check each week and not spend it and yet as I know this to be true I still cannot bring myself to behave the way I should when it comes to saving money. Though I have had some great times dropping my hard earned cash on an all night long party downtown in our fun filled city. I know in my gut that it’s the regular adult that is prepared for emergencies or spontaneous vacations. I have always been a smart person which is why I don’t understand why I can’t tackle this one issue in my life. If could get a handle on my immature capabilities to spend my money on debaucherous nights and learn to save my money I know deep down in my heart I would be a happier person. If only not for me but for my family that comes after me. I want to be able to give...
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