...“Ten Trillion and Counting,” presented by Frontline provides quite a picture of America’s national debt as it surpasses the trillion dollar mark. They ponder the financial well being of current and future retirees while also exposing on how America got into this mess, and what the Obama administration plans to do during his term. America is able to close the gap year to year in its national budget by selling bonds and T-bills. Foreigner countries who continually purchase these obligations are beginning to grow. Much like the Bush administration, the Obama administration has started borrowing big with plans to cut the budget years down the road. It is clear for anyone to see that this borrowing and the future promises of cutting cannot go on forever, but it seems quite difficult to predict when and how it will all end. It all began way before the Obama administrations when Bush was in office. The financial system was frozen meaning there was no credit and the unemployment rate was likely to hit double digits by the end of the year. This was the worst picture America had seen since World War II. It is clear in the United States we want all these things free but we want to also keep our taxes low, and Bush did just that. When Bush came into office Bill Clinton had left the office with such a surplus our economy was strong and with such a strong economic surplus Bush felt as if he need to give some of that money back to the ones who had earned it by signing to cut taxes each year...
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...among biologists. Estimates from various researchers suggest that the number of cells in the human body can fall anywhere from ten to one hundred trillion cells. Also, there are over two hundred different types of cells in the human body, and counting each of these has proven to be a rather difficult task. A number of factors can cause the variation in the number of cells in each human, including the weight of the person, their height, and the altitude on the earth in which they may live at, as higher altitudes, with less oxygen present, have extra blood to circulate more oxygen throughout the body. If the average weight of an adult is taken to be 160 pounds, and it is assumed that the average weight of a human cell is 10-9 grams, then the following calculations can be performed to find the number of cells in an average adult human body: (1cell / 10-9g) * (1000g / 1kg) * (1kg / 2.205lb) * (160lb) = 7.256*1013 cells This value of 72.5 trillion cells is close to the estimated value of 60 trillion cells and certainly falls within the range given from many sources of ten to one hundred trillion cells in the average adult human body. Also, assuming that not all of the entire human body weight is made up of cells, the true estimated number of cells here would be lower than the calculated value, which could, in fact, put the number close to sixty trillion...
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...History of Geometry Geometry was thoroughly organized in about 300 BC, when the Greek mathematician Euclid gathered what was known at the time, added original work of his own, and arranged 465 propositions into 13 books, called 'Elements'. The books covered not only plane and solid geometry but also much of what is now known as algebra, trigonometry, and advanced arithmetic. Through the ages, the propositions have been rearranged, and many of the proofs are different, but the basic idea presented in the 'Elements' has not changed. In the work facts are not just cataloged but are developed in a fashionable way. Even in 300 BC, geometry was recognized to be not just for mathematicians. Anyone can benefit from the basic learning of geometry, which is how to follow lines of reasoning, how to say precisely what is intended, and especially how to prove basic concepts by following these lines of reasoning. Taking a course in geometry is beneficial for all students, who will find that learning to reason and prove convincingly is necessary for every profession. It is true that not everyone must prove things, but everyone is exposed to proof. Politicians, advertisers, and many other people try to offer convincing arguments. Anyone who cannot tell a good proof from a bad one may easily be persuaded in the wrong direction. Geometry provides a simplified universe, where points and lines obey believable rules and where conclusions are easily verified. By first studying how to reason in...
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...THE CHAMPION In the vast expanse of a timeless place Where Silence ruled the outer space Ominously towering it stood The symbol of a spirit war Between the one named Lucifer, and the Morningstar, the ultimate of good. Enveloped by a trillion planets Clean as lightning, and hard as granite A cosmic coliseum would host the end, Of the war between the lord of sin and death And the omnipotent creator of man’s first breath Who will decide, who forever will be….. The audience for the fight of the ages was assembled and in place. The angels came in splendor from a star. The saints that had gone before were there, Jeremiah, Enoch, Job. They were singing the song of Zion on David’s harp. The demons arived, offensive and vile, cursing and blaspheming God Followed by their trophies dead and gone. Hitler, Napoleon, Pharoh, Capone, tormented, vexed, and grieved And waiting for their judgment from the throne. Then a chill swept through the mammoth crowd And the demons squealed with glee As a sorid, vulgar, repulsive essence was felt. Arrogantly prancing, hands held high, draped in a sparkling shroud, Trolled by demons, Satan ascended from Hell. Then Satan cringed, the sinners groaned, the demons reeled in pain As as swell of power like silent thunder rolled. With a surge of light beyond intense illuminating the universe, In resplendent glory appeared the Son of God. Then a persona, yes, extraordinaire appeared in center ring. God the Father will...
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...In May of 2011, the United States reached its debt ceiling cap which could have caused major issues to the American government and economy. The debt ceiling cap is the amount of money the government can legally borrow to pay off its debts owed to the public including U.S. bonds and government trust funds such as Medicare and Social Security. The first debt ceiling limit was set in 1917 at $11.5 billion and has been raised 74 times since 1962. Ten of those times have been since 2001. If the debt ceiling wasn’t raised U.S. Treasury would not have the authority to borrow any more money which is a problem because the government borrows to make up the difference between what it spends and what it takes in. That means the government would have to pick and chose who to pay and who to put off paying and this puts the country in the perception of being in default (Sahadi, 2011). To avoid going into default in May, Treasury Secretary Timothy Geithner took extraordinary measures and was able to bring the total debt down enough to allow the government to continue borrowing until August 2, 2011. Although disaster was briefly postponed, the debt ceiling debate deadline was looming and sparked a significant conflict between Republicans and Democrats in Congress and the President. Republicans did not want to raise the debt ceiling without making significant spending cuts and used the urgency of the situation as leverage to try and negotiate to get what they wanted (Sahadi, 2011). The form...
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...Strategic Asset Allocation: Determining the Optimal Portfolio with Ten Asset Classes Niels Bekkers Mars The Netherlands Ronald Q. Doeswijk* Robeco The Netherlands Trevin W. Lam Rabobank The Netherlands October 2009 Abstract This study explores which asset classes add value to a traditional portfolio of stocks, bonds and cash. Next, we determine the optimal weights of all asset classes in the optimal portfolio. This study adds to the literature by distinguishing ten different investment categories simultaneously in a mean-variance analysis as well as a market portfolio approach. We also demonstrate how to combine these two methods. Our results suggest that real estate, commodities and high yield add most value to the traditional asset mix. A study with such a broad coverage of asset classes has not been conducted before, not in the context of determining capital market expectations and performing a mean-variance analysis, neither in assessing the global market portfolio. JEL classification: G11, G12 Key words: strategic asset allocation, capital market expectations, mean-variance analysis, optimal portfolio, global market portfolio. This study has benefited from the support and practical comments provided by Jeroen Beimer, Léon Cornelissen, Lex Hoogduin, Menno Meekel, Léon Muller, Laurens Swinkels and Pim van Vliet. Special thanks go to Jeroen Blokland and Rolf Hermans for many extensive and valuable discussions. We thank Peter Hobbs for providing the detailed segmentation...
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...to explore how they might meet women’s needs. • Companies that can offer tailored products and services—going beyond “make it pink”—will be positioned to win when the economy begins to recover. COPYRIGHT © 2009 HARVARD BUSINESS SCHOOL PUBLISHING CORPORATION. ALL RIGHTS RESERVED. page 1 As a market, women represent a bigger opportunity than China and India combined. So why are companies doing such a poor job of serving them? The Female Economy by Michael J. Silverstein and Kate Sayre COPYRIGHT © 2009 HARVARD BUSINESS SCHOOL PUBLISHING CORPORATION. ALL RIGHTS RESERVED. Women now drive the world economy. Globally, they control about $20 trillion in annual consumer spending, and that figure could climb as high as $28 trillion in the next five years. Their $13 trillion in total yearly earnings could reach $18 trillion in the same period. In aggregate, women represent a growth market bigger than China and India combined—more than twice as big, in fact. Given those numbers, it would be foolish to ignore or underestimate the female consumer. And yet many companies do just that, even ones that are confident they have a winning strategy when it comes to women. Consider Dell’s short-lived effort to market laptops specifically to women. The company fell into the classic “make it pink”...
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...also certify that this paper was prepared by me specifically for this course and is not a replication of a paper submitted for another course.” Name of student:……Jiachao Geng………Tianyi Cheng………… Signature:………………………….………………………… Outline The introduction of Samsung…………….......................………………………….04 Document analysis……………………………....................………………………..05 SWOT analysis of Samsung……………………………...……….......…………….07 Modal analysis………………………..…………………….............................…….12 Conclusion...................................................................................................................16 References…………………………………………………….……………………..17 The introduction of Samsung Samsung has been found since 1938. In the past ten years, Samsung got the perfect grade in market of e-consumer. It arrived a new top in 2005, and Samsung surpassed Sony, LG and MOTO by the 15 billion of market value in the same year. This result made Samsung the twentieth in the word, and it was increased by 186% to the year of 2000. This efficiency also made it become the fastest developed enterprise from the one hundred top businesses in the world. (Baidu. BK, 2013) In the medium of the 1960s, the semiconductor industry just rested on the phase of labor intensive. At that time, the Samsung bought a company which named the Korean semiconductor and faced a economic crisis. After this event in 1974, the Samsung began to develop in markets of semiconductor. Through the striving of Samsung...
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...100 and 400 percent of poverty who purchase coverage through a health insurance exchange are eligible for a tax credit to reduce the cost of coverage. To subsidize the additional 32 million individuals covered, the new law introduces 18 new taxes and penalties on individuals, employers, and businesses (Campbell). Though the PPACAs intent is to lower healthcare costs, it will increase the federal deficit, increase state deficits, hinder employment, job creation and innovation, increase health insurance costs, and delay economic growth. These negative economic issues are far-reaching and long lasting. Increase the Federal Deficit One of the goals for the PPACA was to reduce the federal deficit by a small amount in the first ten years and by trillions of dollars...
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...administration is continuing the War on Drugs and has changed the name to the “National Drug Control Policy.” The first U.S law that restricted the distribution and use of certain drugs was the “Harrison Narcotics Tax Act” of 1914. This act regulated and taxed the production, importation, and distribution of opiates and Cocaine products. This Act pushed a more restrictive handling of certain drugs that would inevitably lead to the creation of more drug policies and the current drug war. On June 18th 1971, ongoing policies, laws, and counter culture built up and President Richard Nixon declared a “War on Drugs” stating that the drug problem in the U.S. had become “public enemy number one”. From that time the war has reached 40 years of age and counting. The Prohibition was the first example of large scale governmental intrusion based upon a substance, but this intrusion did not last long compared to the War on Drugs. Because of the failed effects and results of the Prohibition, the twenty-first amendment...
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...-1- Anatomy of a Credit Crisis 2009-07-24 This timeline has grown and been amended since it first appeared in the December, 2008, issue of The Australian Journal of Management, as the editorial, under the title of “The Dominoes Fall: a timeline of the squeeze and crunch”. I include below the December preamble. The version of mid-May, 2009, will appear as the editorial of the June 2009 issue of the AJM, under the title “Anatomy of a Credit Crisis.” I include below the June preamble, in which I assay a framework for understanding the genesis of the crisis. December, 2008: IN ITS LEADER of October 13, 2008, the Financial Times characterized the western world’s banking system as suffering “the equivalent of a cardiac arrest.” The collapse of confidence in the system means that “it is now virtually impossible for any institution to finance itself in the markets longer than overnight.” This occurred less than a month after Lehman Brothers (LB) collapsed, without bailout. Six months earlier Bear Stearns (BS) had been bailed out after JP Morgan Chase (JPM Chase) had bought it for $10 a share, at the regulator’s urging. After LB fell, who would be next? And if LB, who was not at risk? Despite the earlier U.S. government bailouts of the erstwhile government mortgage originators (and still seen as government-sponsored enterprises, or GSEs), the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), and the later bailout of the...
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...performance industry has been and where it is heading. As the IRF looked toward 2011 and beyond, it analyzed existing research, scanned incentive industry and business publications, and sought input from industry leaders. This effort yielded the following “11 trends for 2011”. Upon closer examination, the eleven trends can be grouped into four major categories: Economy (1, 2, 3) Government (4) Motivation (5, 6, 7, 8) Technology (9, 10, 11) As you review these trends, the IRF hopes you will analyze how they reflect your own views and experience, and then think about how these factors might affect you and your work as we head into a new year and changed economy. 1. CAUTIOUS OPTIMISM EMERGES At the 2010 IRF Roundtables, approximately four in ten participants said the economy has had a slightly positive impact on their ability to plan and implement non-cash incentive (travel/merchandise) programs....
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...twentieth century, large meteorite objects are known to have collided with Earth. 5 If an impact is large enough, it can disturb the environment of the entire Earth and cause an ecological catastrophe. The best-documented such impact took place 65 million years ago at the end of the Cretaceous period of geological history. This break in Earth’s history is marked by a mass extinction, when as many as half the species on the planet became extinct. While there are a dozen or more mass extinctions in the geological record, the Cretaceous mass extinction has always intrigued paleontologists because it marks the end of the age of the dinosaurs. For tens of millions of years, those great creatures had flourished. Then, suddenly, they disappeared. The body that impacted Earth at the end of the Cretaceous period was a meteorite with a mass of more than a trillion tons and a diameter of at least 10 kilometers. Scientists first identified this impact in 1980 from the worldwide layer of sediment deposited from the dust cloud that enveloped the planet after the impact. This sediment layer is enriched in the rare metal iridium and other elements that are relatively abundant in a meteorite but very rare in the crust of Earth. Even diluted by the terrestrial material excavated from...
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...twentieth century, large meteorite objects are known to have collided with Earth. 5 If an impact is large enough, it can disturb the environment of the entire Earth and cause an ecological catastrophe. The best-documented such impact took place 65 million years ago at the end of the Cretaceous period of geological history. This break in Earth’s history is marked by a mass extinction, when as many as half the species on the planet became extinct. While there are a dozen or more mass extinctions in the geological record, the Cretaceous mass extinction has always intrigued paleontologists because it marks the end of the age of the dinosaurs. For tens of millions of years, those great creatures had flourished. Then, suddenly, they disappeared. The body that impacted Earth at the end of the Cretaceous period was a meteorite with a mass of more than a trillion tons and a diameter of at least 10 kilometers. Scientists first identified this impact in 1980 from the worldwide layer of sediment deposited from the dust cloud that enveloped the planet after the impact. This sediment layer is enriched in the rare metal iridium and other elements that are relatively abundant in a meteorite but very rare in the crust of Earth. Even diluted by the terrestrial material excavated from...
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...this cliché by creating complex management and tax problems with tremendous implications for supply chains and business ethics. TP is an increasingly dominant aspect of international production and exchange of goods and services and, in addition to the continuously changing arm's length regulations, interest in the public disclosure of TP information has been gaining momentum. TP is a multifaceted global business reality that arises from intra-firm trade of tangible and intangible products across the industrial spectrum, usually in large vertically integrated companies. For many transnational companies (TNCs), the inseparable twins of intra-firm trade and TP are a prized business and financial conduit, accounting for around 60% or $1.6 trillion of global trade. Intra-firm transfers are very significant in the global service sector in general and the financial sector in particular where they are the focus of new regulation. TP is therefore a key factor in creating complex supply chains and, in order to engage investor confidence in the knowledge-based business environment, the sacrosanct touchstone of transparency should extend to the now globally important TP information. The need to revamp financial reporting to align it with the information requirements of the ‘new economy’ is well documented. However, TP is probably the least transparent item in published financial reports as relevant information is systematically withheld...
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