...The penny is no longer economically viable The penny is not worth the metal it is made out of. It is a coin that cost more to make than it is worth. The crux problem with the penny, in the modern economy, is that it will buy you nothing. Since nobody has the time to do a sales tax calculation in their head while waiting in line to buy their products, and even if you did the time would not be worth digging through your pockets, or purse, for exact change. No state will accept pennies in bulk and very few machines still take pennies. The only reasonable thing to do with pennies is store them in a giant glass jar and then dump them in a Coinstar, a machine that charges you 10% to spend money that you already have. The penny, at this point in time, manages to be both extremely useless and impractical, it is a Congressional gaffe that the penny is still being made. Making the penny is not cost effective, and pennies do not get used anyway. The penny is currently an out of date, economical blunder. As you probably know the penny is worth exactly a hundredth of a US dollar. This is all well and good, except the fact that it takes one and one half a cent more to make a penny. This means every time the U.S. Mint produces one penny it wastes one and a half cents. This may seem insignificant, however, according to the U.S. Mint almost 5 billion pennies were produced in 2011 alone. That is 50 million dollars in pennies, at a cost of 7.5 billion dollars, so in just 2011 taxpayers...
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...thought about the kids who benefit from penny drives? If you have then you know how important pennies are. One reason that the penny should stay in use is that the help charities. Also, they keep prices low. But, a lot of people think they’re useless. These reasons prove that the U.S. should keep the penny. One reason that the penny should stay in use in the because they keep prices low. One example is the supporters of the penny point out that if the U.S. stops using the penny cash transactions will have to be rounded up to the nearest nickel. This would make people pay more than what they would have if we have the penny. Also, prices show that if cash sales get rounded up to the nearest nickel, that would cost consumers more than $600,000 a year. According to the “Federal Reserve Bank,” low-income Americans are more likely to pay with cash. They would be hit hard if prices were rounded up to the nearest nickel. This reason is why pennies keep prices low. But, there are other reasons that the U.S. should keep the penny....
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...raise capital. Thus, it is imperative for any country to have securities regulators that ensure a fair and honest capital market system, including the stock market. There are many ways to commit fraud in the stock market, one of which is the pump and dump scheme that Stratton Oakmont committed. The principle is fairly simple. The company buys a large quantity of penny stocks. They then use their brokers to cold call people and convince them to invest. These people, who are usually fairly wealthy but not sophisticated investors, are convinced to put their money into this worthless penny stock. The influx of capital starts to push the stock price upward, so the investors are convinced that this is a good investment – that they are seeing the gains they were promised materializing. Then, when a large enough amount of capital has been gathered, the investment house begins to sell its shares. It does this quietly, so that it is difficult to detect. It sells these shares at a premium, because of the influx of the buyers. After it sells its stake, there are still many buyers left holding shares, which are no worthless. The brokerage has artificially inflated the stock price of a security that had basically no intrinsic value, and then sold out at the top of the...
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...You looked up and looked away And to cover my pain, I smiles and it hurt I stared at the girl beside you I thought to myself “Wasn’t I good enough” My inner conscience said “He doesn’t want you” I ignored it and when I smiled, it hurt I went to him and asked “why did you leave me?” He snickered and said “You are worth nothing; not even a little penny” I tried to reply back but I failed So once again I smiled and it hurt a lot I woke up and felt darkness, not brightness Put a fake smile on my face And for the millionth time I smiled and it hurt I cried when I remember you say “your smile makes my day” It really pained me when you said “You are worth nothing” Now your words are like knives in my back Slowly becoming deeper and deeper Hurting me more every time you spoke A weight is falling down on me Not letting me, not letting me think I can’t stop trembling and shaking Now I am sure I am breaking Depression is here but this is the last time I try to smile but it hurts So I am done fighting this battle The whole reason of being on this earth is to die My reason for breathing is gone I feel weak, so weak I can’t smile, I can’t cry Now I think “Am I really that worthless” I am afraid to be alone Because I know it will happen I want one thing before But I can’t have that thing, I can’t have him I will never have him So I shut everyone out No one will be let in again Never again I hate you like I hate my life Is what I think...
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...Chaos: A short Introduction Scientists have been coming up with theories for thousands of years now. The theories have been tried and tested have been altered and improved to better understand why certain things happen in and out of this world. Many of these theories are still in the works and our not fully comprehendible and scientists have been working hard to achieve breakthroughs in these areas. One such theory has achieved several breakthroughs within the past couple of years and that theory is called Chaos Theory. This theory first started out mainly as a sort of fictitious happening only read about in novels until lately when scientist have discovered that this theory may have more effect than previously deliberated. In Leonard Smith’s book, “Chaos: A Very Short Introduction” he gives an understandable account of what the Chaos Theory is and how it affects the environment around us. Leonard explains to the reader how the Chaos Theory works through mathematical diagrams, models, and simulations to show the possible results the theory could claim on the environment around us. The book is for the most part easy to understand and gives the reader a sufficient understanding even if the reader does not have a background in mathematics or science. Chaos theory first came about when scientist decided they wanted to be able to predict the future more accurately of certain events happening. The theory takes a look at the initial beginning of a system and tries to determine...
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...cent coin, the penny. A small value coin almost worthless to the world of goods, but rings up a price when producing one. It costs twice as much as itself to make, and four billion of them are created a year. The US government dances around this problem and should have eliminate them back in 2006 when people were melting the copper and selling it for profit. This paper states several topics of why the penny only causes harm to US citizens and the economy. The obvious solution to fix a problem like this, simply abolish the penny as US currency, and round all cash transactions to the nearest fifth cent. Death of the Penny: The Elimination of America’s One Cent Coin and its Impact on The United States Economy “I will seriously consider eliminating the penny as long as we find another place for Lincoln to land,” the support of abolishing the penny from the most powerful man in America; President, Barack Obama. For over a hundred years people have paid for everyday goods with change, or coins. As inflation in the America rises, the value of coins diminishes. (Inflation Figures). Take the penny for example; commonly known as the copper coin has hardly any copper to it. Created with ninety-seven percent zinc and only two and a half percent copper, the penny doesn’t truly stand up to its expectations. Based on the 2011 Annual Report for US Mints, the cost to make a single penny runs around 2.41 cents. Studies have shown if the penny may be dropped...
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...people driving for no reason. There are really three types of automobiles that are the greatest in number on the road. These types that fill the roads are cars, trucks, and SUV’s. Each vehicle is very different and really all contain what a person is looking for. Cars are the most common form of vehicle on the roads today. Cars can really be categorized into a few types, from economy, luxury, and sports cars. Economic cars usually cost less, and get more efficient gas mileage. They are great for the average family or single person. A few examples of these cars are Civics, Cavaliers, and the new hybrid cars. Luxury cars are more for the people who have too much money on there hands. The gas mileage is not too bad, but the car can cost a pretty penny. Some examples of these cars are Cadillac, BMW, Mercedes, and Lexus. Luxury cars have the most smoothing cruising and really are the best for relaxation. The final type of car is the sports car. These cars are the ones that cost the most and guzzle gas like no other. They range in the highest price range and are built for only one thing, speed. Much of today’s youth are interested in sports cars, and really have the need to have a thrilling, exciting drive on the highway. These cars are really of no use, but pretty to look at, like the Corvette, Porsche, Camaro, Supra, and Mustang. Trucks are not as common as cars and can range from many prices. The bigger the truck you get, the larger the price....
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...Prejudice vs. Friendship as Discussed in “To Kill A Mockingbird” and “The Boy In The Striped Pajamas” According to Harper’s magazine modern version, “literary means not only what is written but what is voiced, what is expressed, what is invented, in whatever form”. In contrast, literature has always been considered to be “written works considered of lasting artistic merit” or most commonly used to refer to works of the “creative imagination, including works of poetry, drama, fiction, and nonfiction”. Literature is considered by many, an essential part of life, which it can be in many senses. One’s thought process or knowledge may grow and evolve through the journey taken by reading literature. Literature is a major part of education. It may seem trivial, but in reality it helps build new perspective and introduce one to new world experiences. Literature is a prominent part of any race, religion, language or people and it represents culture and tradition. Prejudice and discrimination are not new subjects, but nevertheless it does not mean it should not be discussed. This has been an issue for as far back as history has documented between different races or ethnicities. Though racism has mostly ceased, it still reigns around the world. The theme in this essay is friendship, regardless of race or rumors that have been told about Boo Radley in “To Kill A Mockingbird” and Shmuel in “The Boy in the Striped Pajamas” friendship overcomes prejudice by the innocence of a child. ...
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...[pic] MONEY Income – доход Earned income – заработок Unearned income – рента, нетрудовые доходы Private income – частные доходы To live on one’s income – жить на свои средства To live within/ up to one’s income – жить по средствам Exceed/ live beyond one’s income - жить по средствам Income tax – подоходный налог Salary – оклад, зарплата To gross (coll) – we grossed 1,000$ - мы получили общую прибыль в … Payment – оплата, платеж, уплата Overtime payment – плата за сверхурочную работу He made a cash payment of 50$ - он уплатил наличными 50$ Pay – плата, зарплата, жалование; платить A pay cut – снижение зарплаты A pay increase – повышение зарплаты On half pay – на полставки They are paid by the hour - они получают почасовую оплату He paid his way through college – он сам зарабатывал себе на обучение To pay off one’s debts – рассчитываться с долгами Pay-day – день зарплаты Bonus – премия, премиальные A bonus job – работа с премиальным вознаграждением Royalties – авторский гонорар, отчисления автору пьесы Wages – заработная плата He gets good wages - он хорошо зарабатывает A living wages – прожиточный минимум Tips – деньги на «чай» Commission – комиссионные Basic earnings – основной доход, заработок Extras – дополнительный доход College grant - стипендия Scholarship - стипендия Child benefit – детское пособие Maternity benefit – пособие по беременности и родам Pension - пенсия Dole money...
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...mixing growth and value strategies could not only reducing the volatility of strategies based on growth alone but also increasing the capital appreciation potential of strategies. Therefore, we believe the mixing strategies could help us to make fewer mistakes, increase probability to maximize our absolute returns through the years and also outperform buy and hold after expenses. Moreover, we will use fundamental methods to calculate an accurate proportion for the amount of money we put in each stock in order to well diversify risks and max net profit. For the philosophy, we believe that markets are efficient, prices move in trends and history repeats itself from technical analysis aspect. Moreover, even though fundamental analysis is worthless somehow, low P/B, P/E, P/CF and high yield show otherwise. ii. What is your approximate expected time horizon/holding period per trade? The holding period per trade will depend on the indicator we choose. We will buy or sell decision as long as the indicators show buy or sell signals with confirmations told us to do so. Basically, we will use breakout system and MACD as our primary buy/sell indicators with a few constraints including stock price must be over the 50 days EMA, volume must increase 50percent more and stock price broke the highest high from...
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...Compare and Contrast the theme of violence in William Shakespeare’s King Lear and Second Generation by Neil Biswas Although there is an immense gap in time between the work of William Shakespeare and Neil Biswas, it can be justified that there are various points of comparisons that can be made between their interpretations and presentations of the key theme of violence in their plays King Lear and Second Generation. Written between 1603 and 1606, Shakespeare’s King Lear is one of the most celebrated tragedies. King Lear is among the most complex and contradictory of Shakespeare’s works. True to Shakespearean tradition, King Lear borrows its tragic elements from several types of tragedies that were popular during the Jacobean Renaissance. It is a play about the dysfunctional relationships between fathers and their children, and how a foolish father in old age can misread his kids. Whereas Second Generation is a is the epic British Asian love story by Neil Biswas, controversially is a modern re-making of King Lear based in East London. Biswas describes in an article called ‘Conflict between Cultures Can Be Positive’ the social factors that influenced his desire to produce the screenplay. Biswas passively describes himself as ‘second generation of Asians’ who like their parents can relate to the 1977 TV show ‘Mind Your Language’ Biswas based Second Generation in East London in the Bengali Community and used his very own personal experiences, things he has seen or imagined...
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...CHAPTER 16 DILUTIVE SECURITIES AND EARNINGS PER SHARE IFRS questions are available at the end of this chapter. TRUe-FALSe—Dilutive Securities—Conceptual Answer No. Description T 1. Accounting for convertible bond issue. F 2. Reporting gain/loss on convertible debt retirement. T 3. Reporting additional payment to encourage conversion. F 4. Exercise of convertible preferred stock. F 5. Convertible preferred stock exercise. T 6. Allocating proceeds between debt and detachable warrants. F 7. Allocating proceeds from nondetachable warrants. T 8. Intrinsic value of a stock option. F 9. Compensation expense in fair value method. T 10. Service period in stock option plans. F 11. Accounting for nonexercise of stock options. F 12. Accounting for stock option forfeiture. T 13. Cumulative preferred stock and EPS. F 14. Restating shares for stock dividends and stock splits. T 15. Stock dividend and weighted-average shares outstanding. F 16. Preferred dividends and income before extraordinary items. T. 17. Reporting EPS in complex capital structure. F. 18. Dilutive stock options. T 19. Contingent issue shares. F 20. Reporting EPS for income from continuing operations. Multiple Choice—Dilutive Securities, Conceptual Answer No. Description d 21. Nature of convertible bonds. d 22. Recording conversion of bonds. b 23. Definition of bond sweetener. c S24. Reasons for issuing convertible debt. a S25. Reporting gain/loss on...
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...Specialist in Social Legislation Domestic Social Policy Division Mark Jickling Specialist in Public Finance Government and Finance Division Summary On June 25, 2002, WorldCom, the Nation’s second largest long distance telecommunications company, announced that it had overstated earnings in 2001 and the first quarter of 2002 by more than $3.8 billion. The announcement stunned financial analysts and, coming on top of accounting problems at other corporations, had a noticeable effect on the financial markets. The accounting maneuver responsible for the overstatement – classifying payments for using other companies’ communications networks as capital expenditures – was characterized by the press as scandalous, and it was immediately asked why Arthur Andersen, the company’s outside auditor at the time, had not detected it. WorldCom filed for bankruptcy protection on July 21st. On August 8th, the company announced that it had also manipulated its reserve accounts in recent years, affecting an additional $3.8 billion. Response in Washington was swift. On June 26th, the U.S. Securities and Exchange Commission (SEC) charged the company with massive accounting fraud and quickly obtained court order barring the company from destroying financial records, limiting its payments to past and current executives, and requiring an independent monitor. Hearings were held by the House Committee on Financial Services on July 8th and by the Senate Committee on Commerce, Science, and Transportation...
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...since the government, in the name of preventing a depression, saved this megabank from ruin by pumping $45 billion of taxpayer money into its arm. Since then, the Obama administration has looked the other way as the bank committed an astonishing variety of crimes – some elaborate and brilliant in their conception, some so crude that they'd be beneath your average street thug. Bank of America has systematically ripped off almost everyone with whom it has a significant business relationship, cheating investors, insurers, depositors, homeowners, shareholders, pensioners and taxpayers. It brought tens of thousands of Americans to foreclosure court using bogus, "robo-signed" evidence – a type of mass perjury that it helped pioneer. It hawked worthless mortgages to dozens of unions and state pension funds, draining...
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...Runninghead: Domestic Violence Domestic Violence in African American Women Jennifer Rhoad The College of New Rochelle Abstract According to the Merriam-Webster dictionary definition, domestic violence is: "the inflicting of physical injury by one family or household member on another; also: a repeated or habitual pattern of such behavior." Domestic violence, also known as domestic abuse, spousal abuse, battering, family violence, and intimate partner violence (IPV), is broadly defined as a pattern of abusive behaviors by one or both partners in an intimate relationship such as marriage, dating, family, or cohabitation. Domestic violence, so defined, has many forms, including physical aggression or assault (hitting, kicking, biting, shoving, restraining, slapping, throwing objects), or threats thereof; sexual abuse; emotional abuse; controlling or domineering; intimidation; stalking; passive/covert abuse (e.g., neglect); and economic deprivation. Alcohol consumption and mental illness can be co-morbid with abuse, and present additional challenges in eliminating domestic violence. Awareness, perception, definition and documentation of domestic violence differ widely from country to country, and from era to era. Domestic Violence: A Survivor’s Perspective Domestic violence and abuse isn't limited to obvious physical violence. Domestic violence can also mean endangerment, criminal coercion, kidnapping, unlawful imprisonment, trespassing...
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