... In discussing the economic situation as opposed to 5 years ago, one could truly argue that even though the situation was not the best to say the least, the United States is looking better and better when it comes to the economy. In October 2009 the unemployment rate in America was 10 percent, or that was the peak of it. It had not been that bad in America since late 1982, early 1983. In July 2009 the number of job openings declined to a series low of 2.1 million, unemployment reached a recent low of 129 million in February 2010. By 2012 it had increased to over 132 million and seemed to be rising, little did anyone know that things would soon take a turn for the better. Economists were predicting outrageous numbers for the next few years before things would even begin to get better, and they too were wrong in that prediction. Business cycles differ from economic fluctuations. As much as some market observers would prefer, economic fluctuation is a fact of life. Economic fluctuations are generated by shifts in specific economic data that affect limited facets of the economic picture. (http://www.ehow.com/info_10032315_main-economic-variables-affect-business-cycle.html) In July 2009 the Federal Financing Bank interests rate was 4.628, the Treasury Inflation Protected Securities interest rate was 2.320, and The Total Interest Bearing Debt was 3.418....
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...Top Three Reasons Not to Get an MBA There is no question that everyone in today’s market was affected by the recession. According to Kimberly Amadeo, “An economic recession is when growth slows, usually due to a fall-off in consumer demand. As sales drop off, businesses stop expanding. As unemployment rises, and consumer purchases fall off even more, housing prices usually decline” (Amadeo n.d, What is Economic Recession? Para. 1). Many Americans have elected to go back to school and further their education toward an MBA to be more competitive in the job market. However, there are reasons pursuing an MBA or any grad degree may not be the best option. Such objections include cost of tuition, time spent away from work and family, and the job availability after graduation. Cost of Tuition The stress of paying the house, car, and credit cards can be overwhelming. Also individuals need to think about the cost of pursuing a higher education. “Although the cost of an MBA degree can very, the average tuition for a two-year MBA program exceeds $60,000” (Schwietzer, 2011. How Much Does It Cost to Earn an MBA? Para. 2). Many individuals will have to get a loan and pay interest for a considerable time. Also the cost of tuition continues to rise. “ Though MBA programs have multi-million dollar operating budgets, schools say tuition revenues cover less than half of their annual expenses, making cost-hiking a necessary evil. Each year, B-school tuition...
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...Top Three Reasons Not to Get an MBA Shaun Hamilton MGT/521 March 30, 2012 Gary Maxa Top Three Reasons Not to Get an MBA There is no question that everyone in today’s market was affected by the recession. According to Kimberly Amadeo, “An economic recession is when growth slows, usually due to a fall-off in consumer demand. As sales drop off, businesses stop expanding. As unemployment rises, and consumer purchases fall off even more, housing prices usually decline” (Amadeo n.d, What is Economic Recession? Para. 1). Many Americans have elected to go back to school and further their education toward an MBA to be more competitive in the job market. However, there are reasons pursuing an MBA or any grad degree may not be the best option. Such objections include cost of tuition, time spent away from work and family, and the job availability after graduation. Cost of Tuition The stress of paying the house, car, and credit cards can be overwhelming. Also individuals need to think about the cost of pursuing a higher education. “Although the cost of an MBA degree can very, the average tuition for a two-year MBA program exceeds $60,000” (Schwietzer, 2011. How Much Does It Cost to Earn an MBA? Para. 2). Many individuals will have to get a loan and pay interest for a considerable time. Also the cost of tuition continues to rise. “ Though MBA programs have multi-million dollar operating budgets, schools say tuition revenues...
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...been rising quicker, and storms are growing more powerful. Soon civilization itself could be entirely wiped out. Americans all around the globe have started going green to prevent this. They started to use solar energy. Solar power has tripled in the last two years, and it still growing. Rhode Island is not much of a solar state, but that can change. If the whole world went (and stayed solar) it could stop global warming altogether! Unfortunately, there are people who would want to stop this. For example, the Edison Electric Institute, an organization dedicated to various electric utility companies, has begun to dismantle solar laws around the Midwest. They don’t care about how global warming will affect the environment if it means staying in business. Rhode Island may not be the state with the most solar panels everywhere and sunshine, but every state has a government. By showing how much we care about our country, we can convince the government to make these new solar goals. Together we can prevent global warming. President Obama is on the matter already. His new plan is called the Clean Power Plan. The Clean Power Plan would cut off nasty carbon pollution from dirty power plants. The reason for this is because power plants across the U.S. are...
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...------------------------------------------------- mACROECONOMICS RECOMMENDATION FOR OPENING A GAS STATION June 16, 2014 DeVry University June 16, 2014 DeVry University TABLE OF CONTENT Contents TABLE OF CONTENT 1 INTRODUCTION 2 ECONOMIC FACTORS 2 GROSS DEMESTIC PRODUCT 2 INTEREST RATES 3 UNEMPLOYMENT 3 BUSINESS CYCLE 4 FISCAL POLICY 5 INTERNATIONAL TRADE 5 POPULATION AND DEMOGRAPHICS 5 RECOMMENDATION 6 REFERENCES 7 INTRODUCTION Starting a successful business depends on how well you understand and research macroeconomic factors, despite the common belief that you will succeed as long as you work hard. To determine the level of risk associated with opening a new business there are several key economic factors you need to look at. These factors are Gross Domestic Product (GDP), interest rates, level of Unemployment, business cycle, fiscal policy, monetary policy, international trade, and finally population and demographics. I would like to talk a little on each of these factors followed by my recommendation ECONOMIC FACTORS GROSS DEMESTIC PRODUCT The GDP, also known as The Gross Domestic Product, is the total value of the production of goods and services in the United States (Hubbard & O’Brien, 2013). The GDP is an indicator of how well businesses are doing, in the present economy, because if companies are spending money they must also be making money. According to the Bureau of Economic Analysis, there was an...
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...non-partisan) must do is to engage in public debate. As the elections approach, I owe a duty to share some of my concerns. In September 2010, I wrote a piece entitled “2011 Elections: Let the Real Debate Begin” and published by Thisday. I understand the Federal Executive Council discussed it, and the Minister of Information rained personal attacks on me during the press briefing. I noted more than six newspaper editorials in support of the issues we raised. Beside other issues we raised, our main thesis was that the macro economy was dangerously adrift, with little self-insurance mechanisms (and a prediction that if oil prices fell below $40, many state governments would not be able to pay salaries). I gave a subtle hint at easy money and exchange rate depreciations because I did not want to panic the market with a strong statement. Sadly, on the eve of the next elections, literally everything we hinted at has happened. Part of my motivation for this article is that five years after, the real debate is still not...
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...currency and interweave a multinational monetary union within the EU. During this period the states of the Eurozone have been suffering a crisis of confidence without precedent, with speculative attacks on government bonds of various members, turbulent financial and stock markets and a falling exchange value of the single currency, in a context of uncertainty and difficulty to reach a collective agreement that still persists. In this paper, I will discuss some of the impacts that the crisis had over the Eurozone countries. In the last 6 months, the Euro had depreciated around 6 percent, making the exchange rate $1.38/€. This depreciation has caused an improvement in the European exports and a decrease in price for the imports in petroleum. The Euro/Dollar exchange rate touched a minimum on June 2010, when the rate is $1.19/€, and it touched a maximum on May 2011, when the rate was $1.48/€. According to an article from the Financial Times, “the first beneficiaries of a weaker euro are the countries of southern Europe whose difficulties have been putting the future of monetary union in doubt. Greece has been the focus, but Spain, Portugal and Italy also face a sharp loss of competitiveness”. Greece is the country that will benefit more from the depreciation of the Euro, because it will help to complement the fiscal consolidation. Also, it will boost Greek exports to the rest of the world (since the Euro has depreciated, Greek goods are cheaper than in the rest of the world) and Greece...
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...resources does not always create economic problems. There are lots of these resources that are more than enough to satisfy all of human wants and needs completely depend of them. One such resource example is “Air”. Such type of resources are known as free resources where it’s not necessary to organize its use because there is no side effects or waste for any inefficient use of such resources. On the other hand, scarce resources are resources that are not sufficient to fulfill human wants and needs completely. Therefore, these types of wants can only be partially satisfied. This reflects the problems of administration which are the subject matter of economics. Firstly, one of the problems of administration is to make sure complete utilization of scarce resources, because incomplete utilization may cause dissatisfaction to human beings. Secondly, in cases where these scarce resources are fully utilized, there is still an ongoing administrative problem of allocating the resources as required by the different uses to satisfy various wants and needs. In such a case, when scarce resources are completely utilized, a complete satisfaction of any one want can only be gained at an incomplete or lesser satisfaction of other alternative wants and needs. Another problem of administration of the resources includes the distribution among the consumers of the resources or good/service produced with the use of...
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...in public, or that she couldn't eat food, it was the fact that she didn’t have any food to eat or any money to buy food with. In high school she failed an English class and rather than having to retake this class she opted for an after school skills course that came with a meal and sent them home on the weekends with food. Katherine also obtained knowledge that there was a way that she could go to college, even though she couldn’t pay for it. Now that she was filled with hope and a full stomach she soon went on and founded a program that offered food support to the students in her high...
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...themselves, possibly even completely changing their mind about what they want to do with their life. According to a statistic from the University of La Verne’s article “Major Exploration,” 50% to 70% of all college students will change their major at least one time. Most will even change it up to three times in their college career. This shows that as students are attending college, they are realizing more about themselves and what they want to do with their life. The College Board, expert on all things college, also recognizes that college is more than a learning opportunity in their article, “College: What’s it all about and why it matters.” They state that a university experience is about becoming more independent. In college, students get to pick their own classes and schedule, and they are on their own for getting to class and completing the work. It lets people discover new things that they have never even heard of instilling a feeling of exploration and new opportunities to expand the student’s...
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...JPY/USD, AUD/USD and USD/EUR In our position of trading currency in Easy forex, we have to use financial instruments to analysis and identify which currency that we will get the profit. Furthermore it will have management tools to help us to manage the risk such as stop loss, take profit and limit order which we can set the limit of lost and profit that we can accept. We 30 completed transactions and the total balance in our account is AUD 46,097.96 Overall Strategy In general, the overall strategy is the news that will be announced every day. In our opinion the economic news from many the foreign exchange rate websites are the main drivers of market developments such as interest rate, Consumer Price Index, unemployment rate and inflation etc.Those factors will be the big impact to the foreign exchange market in the world economy. The technical analysis is another strategy that we usually use to predict the trend of currency from the historical statistic information in trading process. They are including the chart and technical indicators which can help the investors to identify the future trend of those currencies. It is easy to indentify because it focus on the price movement of their currency. (Investopedia 2012) The fundamental analysis is the strategy that we can evaluate the foreign exchange rate of each currency in the future trend from the overall the economic, industry data, financial data and management. (Stockcharts 2012) Furthermore we use the technical combine...
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...Concept of Compensation The literal meaning of compensation is to counter-balance. In the case of human resource management, Compensation is referred to as money and other benefits received by an employee for providing services to his employer. Money and benefit received may be in different forms-base compensation in money form and various benefits, which may be associate with employee, service to the employer receive or benefits, he enjoy lieu of such payment. Cascio has defined compensation as follows: “Compensation includes direct cash payment, indirect payment in the form of employee benefits and incentives to motivate employee to strive higher level of productivity”. Based on above description of compensation, we may identify its various components as follows: 1. Wage and salary. 2. Incentives. 3. Fringe Benefits. 4. Perquisites. COMPENSATION MANAGEMENT: Compensation management, also known as wage and salary administration, remuneration management, or reward management, is concerned with designing and implementing total compensation package. The traditional concept of wage and salary administration emphasized on only determination of wage and salary administration structure in organizational settings. However, over the passage of time, many more forms of compensation, as discussed earlier, entered the business field which necessitate to take wage and salary administration in comprehensive way with suitable change in its nomenclature . Bench has defined...
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...to this day, more than five years since it first began, as numerous countries around the globe are still struggling to get back on track. The road to recovery from the financial crisis has been more difficult than initially anticipated and, with the dawn of a new year, it is still hard to say whether things will start looking better for the world economy or not. The question on everybody’s mind is whether the world financial crisis will continue to deepen or not. Background Though still a somewhat a highly debated matter, the onset of the world financial crisis can be pinpointed to 7 August 2007, when BNP Paribas terminated withdrawals from three hedge funds, on grounds of a complete lack of liquidity (Elliot, 2012). For the two years that followed this incident, the world economy was on a continuous downward spiral. Economies around the globe started to slow down, some faster than others, stock markets began to drop, international trade declined, and credit tightened. In the United Kingdom for example, the catalyst for the economic crisis that engulfed the entire country was the Northern Rock Bank, which collapsed on September 2007, creating a precedent no one wished for: the first British financial institution to suffer a bank run in a time span of more than 150 years (Stuckler, 2008). At the beginning of 2011, things appeared to look a lot better from a financial point of view and for a moment it seemed that the world economy...
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...A labor union is a group of employees that work together to obtain safer and better working conditions, higher wages, and better hours for the work they complete. For example, those who work in a retail store may have a union that will fight for them if chaos breaks out or employees aren’t treated correctly. Nowadays, there are still unions fighting to be appreciated for their accomplishments. However, in the 1930s unions were in a constant battle to be recognized and it wasn’t until 1935 that unions had a significant act that enforced protection of employee rights and employers. This newly enforced act led to changes in the workplace and changed how unions were seen as globally. Overall, The National Labor Relations Act of 1935(NLRA) expanded...
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...change. Are you ready for change? I am ready for change. Are you ready for change? The democrat Barack Obama was recently elected as the new President of the United States, with a fairly convincing victory over the republican John McCain. The American people where obviously ready for change, but would there have been any major difference if the outcome of the election was turned in McCain’s favor? There would naturally have been some differences between an Obama presidency and a McCain presidency, but both naturally want what’s best for their country. So if the differences between an Obama presidency and a McCain presidency would result in an outcome that the U.S. population in general would be better off or benefit from, are not very likely. Obama spoke about change, he got elected, so now it will be interesting to see if he practice what he preach. People have always been promised a lot from politicians, and people often end up being disappointed because a politician doesn’t deliver what is promised. Maybe the most important change Barack Obama can make is changing this impression, and he should do that by making the financial crisis, the increasing unemployment, and the extraction of U.S. soldiers from Iraq, the first three priorities he will deal with as the President of the United States. Barack Obama isn’t going to be a Messiah for the American people, he will hopefully do a decent job, but there are limits for how much that can be done, and the American people are going...
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