My Challenge free essay sample

â€Å"Okay nectar, you can open your eyes now.† The drawling voice of the gum-biting stylist yanked me back to the real world. In any case, I wound up screwing my eyes firmly shut, for I was anxious about the possibility that that initial them would uncover the precious stone like tears I had endeavored to keep down. This was no normal hair style. The motivation behind why tufts of my plush pure black hair were dissipated everywhere throughout the cleaned tiles was a lot further than that. Everything began a fine frigid day in the core of Cambridge, England. My mom had returned home from work one day with this season's cold virus. What had begun as an inconsequential affliction out of nowhere transformed into something significantly more impressive. Since we had recognized no indication of the disease improving following a few difficult days, we hurried her to the emergency clinic and restlessly hung tight for a sign. After what appeared to be an unending length of time, a specialist came out with a blended articulation that read somewhere close to I am so heartbroken and Oh, for what reason do I need to be the person who conveys the terrible news, and educated us that my mom had been determined to have Chronic Fatigue Immune Deficiency Syndrome. We will compose a custom paper test on My Challenge or on the other hand any comparative theme explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page This disclosure implied that my mom would need to remain laid up starting now and into the foreseeable future, since even the smallest of physical effort would leave her bleary eyed and exhausted. We rode home peacefully, and at the same time I was thinking, Why us? What did we ever do to merit this? In any case, no answer came. I had consistently accepted my life was great, that nothing awful would ever happen to my family. Yet, presently, I understood that anything can occur, and that could be flipped around whenever. I could no longer depend on my mom for the everyday assignments that I had recently underestimated. Be that as it may, I attempted my best to adjust to my family’s new way of life. I woke up in the first part of the day, a little multi year old, and warmed the pot to make tea for Mom. As the air pockets foamed and frothed to the surface, I cleaned up the rooms, fixing sheets and cushioning pads. As I walked up the steps with the singing cup of tea wobbling in my precarious hands, my mother’s mouth broke in a grin without precedent for days. At that point, I realized that, together, we could defeat this difficulty. I chose to make a move. Brushing and twisting my hair, a raven wave of fluid silk falling down my back, was an undertaking excessively challenging for my mother to perform. So I chose to settle on a basic choice; I would slash off my midnight tresses to facilitate her weight somewhat more. As I was helped to remember the explanation for my hair style, I gradually picked up the solidarity to peer through my established eyelids. What I found in the mirror astounded me: a little youngster with lovely medium length locks gazing resistant back at me with eyes that flashed with boldness.

Free Essays on Kids Need Gym Class

The advantages of physical movement on a child’s wellbeing are very much archived. As per a few examinations, kids occupied with physical instruction show predominant engine wellness, scholarly execution, and demeanor toward school when contrasted with the individuals who don't take an interest in day by day physical training. Kids who are dynamic and truly fit have less cardiovascular hazard factors than less dynamic youngsters, they experience lower paces of coronary illness, lower pulse, and lower muscle to fat ratio. Dynamic young people likewise will in general feel less desolate, modest, and miserable than do their truly idle friends (Acalogic). What's more, one investigation which utilized physical action as treatment for hyperactive conduct indicated that an expansion in practice was an effective methods for diminishing paces of animosity and hyperactivity: â€Å"It is all around recorded in both Exercise and Physiology writing that substance changes happen in the mind after it is presented to exercise†¦a ordinary oxygen consuming intervention at 75% of greatest breath would to be sure be an expansion over the child’s every day action plan. This change in physiological movement has the potential to change day by day conduct. In the event that youngsters, who are showing the early symptoms of carelessness and hyperactivity can be presented to a high occurrence of frequent heart stimulating exercise all the time, at that point the effects of muscle depletion and increased body science changes may join to check undesirable troublesome behavior† (Acalogic). Regardless of all the positive outcomes practice gives, numerous schools, because of spending issues, are curtailing physical educationmuch to the burden of our youngsters. More youngsters are overweight or fat than any time in recent memory. The term â€Å"overweight† alludes to a youngster that gauges more than is suggested for a given tallness; and when this overabundance weight is as fat, medical issues may create. â€Å"Obesity† is an abundance of muscle versus fat. Youngsters are consid... Free Essays on Kids Need Gym Class Free Essays on Kids Need Gym Class The advantages of physical action on a child’s wellbeing are all around recorded. As per a few investigations, kids occupied with physical training show predominant engine wellness, scholarly execution, and disposition toward school when contrasted with the individuals who don't take an interest in day by day physical instruction. Youngsters who are dynamic and truly fit have less cardiovascular hazard factors than less dynamic kids, they experience lower paces of coronary illness, lower pulse, and lower muscle versus fat. Dynamic teenagers additionally will in general feel less desolate, bashful, and miserable than do their truly inert companions (Acalogic). Likewise, one examination which utilized physical movement as treatment for hyperactive conduct demonstrated that an expansion in practice was an effective methods for lessening paces of animosity and hyperactivity: â€Å"It is all around archived in both Exercise and Physiology writing that substance changes happen in the cerebrum after it is presented to exercise†¦a customary oxygen consuming intervention at 75% of most extreme breath would without a doubt be an expansion over the child’s day by day movement plan. This change in physiological movement has the potential to change day by day conduct. In the event that youngsters, who are displaying the early symptoms of absentmindedness and hyperactivity can be presented to a high occurrence of frequent vigorous exercise all the time, at that point the effects of muscle fatigue and increased body science changes may consolidate to control undesirable problematic behavior† (Acalogic). Despite all the positive outcomes practice gives, numerous schools, because of spending issues, are curtailing physical educationmuch to the weakness of our youngsters. More youngsters are overweight or large than any other time in recent memory. The term â€Å"overweight† alludes to a youngster that gauges more than is suggested for a given tallness; and when this overabundance weight is as fat, medical issues may create. â€Å"Obesity† is an abundance of muscle versus fat. Kids are consid...

Value. Bankruptcy. Investment Price Essay Example | Topics and Well Written Essays - 1000 words

Worth. Chapter 11. Venture Price - Essay Example Then again, the US framework should be more account holder well disposed, where the courts assume a critical job in the rebuilding of the upset organization (Bourguignon and Pleskovic, 2007). In the US, liquidation is overseen under the Bankruptcy Code, shaped by the Bankruptcy Reform Act of 1978. Under this Act, an organization could be rebuilt and rearranged or, in all likelihood exchanged. A monetarily upset organization can get security from the loan bosses under the Chapter 11 of the Bankruptcy Code. The organization would then be able to endeavor to transcend its money related hardships and furthermore sort out the installments to its different lenders. Then again, if the organization documents under Chapter 7 of the Bankruptcy Code, the benefits of the organization are sold and the returns are dispensed to the leasers. The significant exchange off in the chapter 11 act is between giving insurance to a bothered organization and guaranteeing bondholders with sufficient security to broaden credit. Giving assurance to the monetarily upset organization from its loan bosses and helping them to begin anew is a significant driver of private ventures. Numerous business visionaries would not take up the danger of shaping a business in the event that they had a chance of confronting unlimited risk. In any case, the halfway obligation undoings and bailouts of the bankrupt organizations hurt the enthusiasm of the bondholders since they get just a small amount of the worth really owed. Numerous multiple times, the liquidation of the company’s resources additionally doesn't assist the loan bosses with acquiring the aggregate sum they owed to the organization. This thusly makes the loan bosses more hazard unwilling and the rebuilt organization thinks that its hard to find venture post its insolvency. Subsequently, paying little heed to liquidation, compromise of obligation cases or Chapter 11, the banks don't get back what they initially owed to the organization (Damodaran, 2005). Answer 2 An organization is supposed to be bankrupt when it isn't equipped for satisfying its legally binding liabilities. The benefits of such an organization are for the most part exchanged and the profit from the liquidation procedure are used to meet the past due cases. The cost associated with the way toward failing is dark and henceforth hard to evaluate. The lawful uses included are known as the immediate expense of chapter 11. These expenses happen as money surges right now of liquidation of the organization. In this way, the immediate expenses of liquidation comprise of lawful just as regulatory uses and furthermore the premium installments for the installment of the late incomes. In any case, the significant piece of the insolvency cost happens before the company’s chapter 11 presentation. The immediate expenses of chapter 11 of huge organizations are significantly little considered to their roundabout expenses of liquidation. At the point when th e providers, the purchasers, the shoppers and furthermore the

Analysis Piketty’s Capital in the 21st Century - 1375 Words

Analysis Piketty's Capital in the 21st Century (Term Paper Sample) Content: ANALYSIS PIKETTYS CAPITAL IN THE 21ST CENTURYNameCourseDate Contents TOC \o "1-3" \h \z \u  HYPERLINK \l "_Toc392854565"
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6Analysis Pikettys Capital in the 21st Century The ma in topic in the book Capital in the Twenty-First Century by Thomas Piketty is income and wealth inequality in the United States and Europe. The book mainly focuses on the fundamental weaknesses in a capital-based system that has potential terrifying consequences for income and wealth distribution across the globe. Piketty addresses the issue of the ever widening gap between the rich and the poor in the present century. He notes that economies are growing slower than returns to capital making the rich become wealthier while the rest of the population struggles. Piketty also notes that this equality could soon become unsustainable both economically and politically if action is not taken. The principal metaphysical concept addressed by Piketty is Capital. He focuses on the flaws of imposing tax on capital as used in the current economic system. Although there are numerous definitions of capital, he uses an open definition so as to refer to it as wealth. According to his definition, pr operties, stocks and cash assets owned by people constitute capital. Though Piketty has a different view the capital-based economic system from Karl Marxs, he confirms that Marx correctly worried about it. This concept is value-laden due to prediction he makes. He foresees that focusing on capital alone in Europe and the US could eventually lead to a state where the economy is controlled by those born in rich families. The book notes that under the current dispensation, inherited wealth (capital) grows faster than earned wealth. Piketty uses empirical evidence to describe his views on capitalism. He gathers data from thirty countries regarding the evolution of capitalism for the last three-hundred years in these countries. He therefore focuses on analyzing the evolution of capitalism as his main research strategy to describe his views on inequality. According to Piketty, the evolution of inequality is not a natural process hence the growing inequality can be controlled. Therefo re, the central question addressed by Piketty is the practicability of basing the economy on capital and avoid a situation where a minority few controls majority of the population. In his assertion, reverting back to the Downton Abbey, a system used a century ago could be the only feasible solution. Assumptions Used By PikettyExplicit Assumptions The major explicit assumption in the book is the widening gap between the rich and the poor. Piketty describes how the current economic system results to inequalities concerning distribution of wealth and income thus widening the gap with time. He describes how returns on capital exceed the rate of economic growth worsening the situation. It is also important to note that monopolist do not artificially inflate these returns since it is the natural functioning of efficient markets. Therefore, extraordinary measures would be required so as to reverse this system. The second assumption by Piketty is that growing inequality could be unsustain able for the economy. With the minority controlling majority of the wealth, the capitalist system could become obsolete in future. Piketty notes that growing inequality in Europe was only cut short by the two world wars. However, there was little destruction in the United Kingdom during these wars hence the gap in Britain in wider than the rest of Western Europe. Before the wars, European economy functioned through dominance by a few who inherited family. The war broke this tyranny resulting to a relatively fresh start. He predicts that Canada and the United States could suffer a similar predicament where the minority with inherited capital controls the economy. The third assumption is that the best solution to this is a coordinated effort to tax wealth. Piketty notes that taxing capital results in unequal rates of taxation for different individuals since only income is taxed. In essence, taxing income results to the rich paying a negligible percentage of their wealth as tax whil e the poor pay most of theirs. Taxing wealth would therefore every person to pay at the same rate hence to rich would contribute more. This would enable everybody to gain wealth at the same rate. Implicit Assumptions Piketty uses various implicit assumptions to describe the disadvantages of capital in the present century and the possible solutions. First, Piketty describes how a tyranny of a few wealthy individuals dominated Europe in the early nineteenth century. He goes further to predict that a similar predicament awaits the US and Canada. The implicit assumption here according to Piketty is that the future will look like the past. Piketty explains that then current system only benefits the wealthy minority rather than the whole population. Secondly, Piketty says that inherited wealth grows faster than earned wealth. Here, he assumes that most of the rich people in the world got their wealth through inheritance. However, other commentators are against this theory since the pres ent day super-rich got their wealth from personal hard work. Another implicit assumption in this theory is that the wealthy families today will dominate the world politically and economically in future. This assumption is flawed in the sense that political influence and economic power is difficult to predict due to issues like revolutions and depressions.Pikettys Economic Approach Piketty uses a normative approach in presenting his ideas. Normative economics encompasses subjectivity as part of its analysis. In his analysis, Piketty states that it is easier to get wealthier with inherited wealth than earned wealth. This is subjective because of the current levels of innovation and entrepreneurship result in wealth through hard work. Moreover, he is subjective in noting that the wealth minority will dominate the majority both politically and economically. Normative economics also depends heavily on theoretical scenarios and value judgments. It seeks economic fairness and what public p olicies and economic ideologies ought to be. In his book, Piketty focuses on the failure of capitalism therefore describing how the system should function. He also proposes a wealth taxation policy which would be fair in ensuring that the poor to get over exploited. In essence, Piketty focuses on how the system should function rather than how it actually functions. This approach constitutes a normative approach. Theoretical Framework Capital in the Twenty-First Century is linked to two main ideologies which from its theoretical framework. First is the sustainability of capitalism. According to this book, capital would be unsustainable in future since a minority would own it due to the widening wealth gap. This concept is similar to Karl Marx ideas regarding capitalism. Marx questioned fundamentals in capitalism since the minority controlled the majority. From the book, Piketty has a different definition of capital, but like Marx, he predicts an unsustainable future for this concept . His wealth taxat...

Is Heavy Water Radioactive

Heavy water contains deuterium, an isotope of hydrogen with a proton and a neutron for each deuterium atom. Is this a radioactive isotope? Is heavy water radioactive? Heavy water is much like ordinary water. In fact, one in twenty-million water molecules is a heavy water molecule. Heavy water is made from oxygen bonded to one or more deuterium atoms. If both hydrogen atoms are deuterium then the formula for heavy water is D2O. Deuterium is an isotope of hydrogen which has one proton and one neutron. The most common isotope of hydrogen, protium, consists of a lone proton. Deuterium is a stable isotope, so it is not radioactive. Similarly, deuterated or heavy water is not radioactive.

Essay on Abortion Women Should have a Choice - 1304 Words

The issue of abortion is a controversial one; there are arguments on both sides of the debate. In 1973 the national case of Roe v. Wade, sparked political decisions that created a national right to abortion. Further, Roe v. Wade declared that unborn children are not `persons nor are they entitled to the same constitutional protection as `born children (Baird, Rosenbaum, 2001). However, Roe v. Wade did not end the debate, nor, did it stop both sides for continuing the fight for their individual beliefs. On the one hand, pro-choicers believe that woman are entitled to have abortions. Stating that an unborn child is under the rights of the pregnant women. On the other hand, pro-lifers believe that a woman should not have the right to†¦show more content†¦Going further pro-choice advocates question what will become of these unwanted children, while also noting that these unwanted children will inevitably cause overpopulation, a series of abused unhappy children, and an increase in poverty. Further, pro-choice advocates state, an unborn child is not a full human and is simply a collection of undeveloped tissues. The notion of unborn children being simply a collection of undeveloped tissues is of great importance, as it is the foreground for much of the debate surrounding abortion. Form the pro-choice side one may conclude, An embryo is a potential human being. It can be, granted the womans choice, and develop into an infant. But what it actually is during the first trimester is a mass of relatively undifferentiated cells that exist as a part of a womans body. If we consider what it is rather than what it might become, we must know that the embryo under three months is something far more primitive than a frog or a fish. To compare it to an infant is ludicrous (Peikoff, 2003). Another major point coming for the pro-choice advocates is what would be the solution for women who have been raped, are carrying baby that are the products of incest, or have disabling diseases. Further, if abortion were found to be illegal then women would revert back to illegal abortions preformed by doctors with questionable ethics.Show MoreRelatedShould Abortion Be A Pro Choice?954 Words   |  4 PagesPro-choice believers support the idea that women have the choice to do what they want with their bodies. In the article, â€Å"Yes, I’m Pro-Abortion,† Lauren Rankin asserts that being Pro-Choice means accepting abortion as one of the choices women have the right to make. Rankin says that abortion is not available for all women, especially a woman of color and low-income woman. The author also mentions that it sidelines abortion and delegitimizes the valid choice. I agree that if one chooses to be Pro-ChoiceRead MoreShould Abortions Be Legal?939 Words   |  4 Pag esShould abortions be legal? Abortions have been a big issue since the Roe v Wade case. There have been a lot of disagreements between the Pro-life supporters and the pro-choice supporters. Pro-life supporters feel like abortions deter murder, while pro-choice supporters believe that the women should be able to make their own decisions. I am a part of the pro-life supporters because I feel like abortions are wrong for several of reasons. Why should women get an abortion if there are other choices forRead MoreShould Abortion Be Legal?1052 Words   |  5 PagesAbortion is a personal matter and is a very sacred and sensitive topic. The deliberate termination of a human pregnancy is what we know of as an abortion. Although abortion is considered to be immorally wrong to some people, it should be a fundamental right for women to control their own bodies. Abortions are one of the many things that everyone has an opinion on. It is one of the most controversial topics anyone will not agree upon. When abortion is discussed, people tend to assume one of two positions:Read MoreAbortion Is The Right Choice1319 Words   |  6 Pages ABORTION RHETORICAL ANALYSIS ABSTRACT Abortion is one of the most controversial issue worldwide. According to anti-abortionist people, there are people who tend to make â€Å"bad choices† look good when trying to decide what would be the best decision to an unwanted pregnancy. Both the Pro-Abortion and Pro-Life are being discussed from two different perspectives towards abortion. Anti-Abortionist people disagree with abortion due to their own beliefs. On the other hand, people believe womenRead MorePro Choice Vs. Abortion1426 Words   |  6 Pages Pro-Choice is an opposing position against the pro-life that completely and clearly advocates that every women in the world has equal rights of having abortion and there will no legal or religious restriction against electing an abortion in routine life. Many of social religious, civil and national federations raised a slogan against abortion and in the support of this opposition all of these communities and people also run Pro-life movement, United States. This moveme nt opposes Pro-choice and manyRead MoreAbortion : An Illegal Act Of Killing A Fetus943 Words   |  4 PagesAbortion is one of many key issues that women are faced with in today’s world, to not have a child or conceiving a child through conception. What is abortion these days? To many, abortion is considered an illegal act of killing a fetus, while others believe abortion to be legal by law and punishable for it. It is unclear if the law will make its ruling to put a ban on abortion but it has come with its shared controversy. The first reason why abortion should be legal is the involvement due to churchesRead MoreAbortion Is A Way For Women1726 Words   |  7 PagesKellsey Lodahl Abortion is Ethical Abortion is a way for women, or couples, to make the best decision they can for themselves and the unborn child if they are not ready to bring a child into the world. Allowing termination as a legal and ethical option lets women know they still have a choice when their world is turned upside down. The choice to abort a pregnancy allows women to remain in control of their bodies and makes women one step closer to becoming equal to men. I argue that it is ethicallyRead MoreAbortion : A Woman s Choice1572 Words   |  7 PagesCelina Valvano Mr. Cukierski CPW 4U 12 November 2014 Abortion: A Woman’s Choice Abortion is an ongoing issue that many woman face today in society. Statistics show that one out of ten women aged from fifteen to nineteen gets pregnant each year and five out of six of these pregnancies are unintended (Lunneborg 1992). There is a constant struggle between whether to keep the child or to abort it. Some people believe that abortion is their only choice or their only way out of a difficult and challengingRead MoreThe Issue Of Abortion And Abortion Essay1567 Words   |  7 Pages The issue of abortion is a controversial one; there are arguments on both sides of the debate. In 1973 the national case of Roe v. Wade, sparked political decisions that created a national right to abortion. Further, Roe v. Wade declared that unborn children are not `persons nor are they entitled to the same constitutional protection as `born children (Baird, Rosenbaum, 2001). However, Roe v. Wade did not end the debate, nor, did it stop both sides for continuing the fight for their individualRead MorePro Life And Pro Choice Debates875 Words   |  4 Pagesand Pro-choice debates have become very controversial over the years. The Pro-Life stance fights for equal rights for the fetus, while the Pro-Choice stance fights for equal rights for the women. Currently abortions are legal in the United States up to the second trimester. The purpose of this power point will be to explore the ethical and legal viewpoints of the Pro-Life and Pro-Choice stances. Individuals who are Pro-Choice believe that an abortion is a given right and a given choice, which should

Marketing Fundamentals PLX Devices

Question: Discuss about theMarketing Fundamentals for PLX Devices. Answer: Introduction The launch of Legion Solar System by PLX Devices The PLX Devices will be launched in the end of the October, probably on 24th October 2016. The time chosen for the launch of this new solar system device is appropriate since it coincide with the sunny days predicted by the Australian meteorology department. Before onset of winter and after the probably cloudy days the end of October would be best for the launch of new Legion Solar System by PLX Devices. The Three Prime Marketing Objectives After the launch of the product the next six months of the PLX Devices is aimed to achieve the following objectives: First Objective: Making extensive use of digital marketing: PLX would use the existing platforms for digital marketing for promoting its latest solar system. The emphasis would be given on the high efficiency of this new product as compared to the older ones. The official launch could be broadcasted in companys Twitter, Facebook and Instagram accounts. The company would make use of its Online Partnerships and Email Marketing approaches to create awareness about this new product. This objective is to complete this task by the end of December 2016. Second Objective: Establish relationships with the industry specialists and key suppliers: the PLX enjoys a good market name for its technical support devices. It is a market leader in automotive tech design, diagnostics and services. PLX device would thus use its market reputation to promote the new product, highlighting its salient features and point of differentiations (PLX Devices, 2015). The objective is to establish a strong buyer base, supplier chain and common awareness about the utility of the Legion Solar System by January 2017 end. Third Objective: Securing sale for the Legion Solar System: after successful awareness creation, promotion and relationship establishment, the PLX Devise aims to make sale of the new product in full swing. By the end of six months from the product launch, the company aims to make good sale of the new product at retailers as well as in the established companies using solar energy for their operations. It is expected that the sales (by volume) should increase by 10% on quarterly basis. Market Segmentation, Targeting Consumers and Envisioned Market Positioning PLX Devices use a highly customer oriented marketing strategy by initiating the segment identification for its new product. The defining of homogenous groups would help the company to better target its potential customers. By segmentation company can take care of specific needs of the customers and come up with suitable product variants, prices and offers accordingly (Blythe and Megicks, 2010). PLX Devices will focus on the following two segments of customers for its new Legion Solar System: Average middle-income group families, for whom saving on electricity bills are a crucial thing. Industries using solar system and could utilize the economies of scale by switching to Legion Solar Systems. Company can identify these segments and then effectively target them with the appropriate offers and schemes. For the middle-income group families, the important aspects are the cost of the solar system, ease of deploying, and the savings on the electricity bill. These factors could be emphasized by the marketing approaches adopted by the company. Advertisements in local newspapers, television channels and personalized meeting with the community halls with the local people can be of benefit for making the product popular among the targeted customers. Likewise, the high energy consuming industries such as manufacturing units could be targeted by the company with the plan to save their operational costs as well as to present them as a socially responsible entity using solar energy. The large companies could make use of highly effective Legion Solar panels and reduce the energy consumption costs and eventual increase in the company profits. The available solar panels and devices in the industry costs more than $ 20,000, which is highly unrealistic for middle-income group people. Thus the company can easily position its new affordable, flexible and Do-It-Yourself (DIY) starter kit with costs starting at only $599 ($499 Preorder) (Legion Solar Starter Kit, 2015). Product Pricing Strategy The industry of solar panels and solutions has range of products with the target of capitalizing from the high energy using companies like manufacturing units, etc. Therefore, solar panels and devices in the industry costs more than $ 20,000, which is highly unrealistic for middle income group people. The new Legion Solar System by PLX Devices is thus an affordable and flexible option. It comes as a Do-It-Youself (DIY) starter kit with the costs starting at only $599 ($499 Preorder). The Core Product the core product is the solar panel that comes in a small size and is easily deployable by following the manuals provided. The Actual Product - The starter kit comes with 2 (100 Watt) solar panels, 1 (160 Watt) inverter, inverter mounting screws, 1 t-harness, 1 plug-in harness, 8 z-brackets, mounting screws, nuts, and washers. The Augmented Product the starter kit is accompanied by a solar hub or mobile we based application for smartphone monitoring The pricing strategy for the product is based in giving the customers adequate savings on their present electricity bills. The price of the product is less than the industry average. The normal solar panel systems could cost above $4/W. this means that a 5 kW system would come to cost above $20,000. While the Legion Solar the cost is less than $3/W. The company also claims that the initial cost invested by the consumers can be recovered by them in less than three years of savings. Product Pricing Strategy The product placement is a strategic aspect of the entire marketing exercise. For the new Legion Solar System, the best possible market is the average middle-income group family. These are the people who look forward to savings in their utility bills; also the second potential market is the big industries where the energy consumption is huge. These companies can make use of solar panels to save operational cost. The company is based in San Jose, CA and the local areas around it is the first potential market placement arena. The promotion could be done by the PLX Devices by advertisements in local newspapers, television channels and personalized meeting with the community halls with the local people can be of benefit for making the product popular among the targeted customers. For the targeted industries the company can make use of upcoming trade fairs in the area and putting up an interesting stall in trade fairs is sure to attract the attention of companies seeking new advanced technical systems to save their operational costs and increase profits. The digital marketing and relationship marketing approaches could be used by the company to establish its new product (Hollensen, 2010). The company has its presence on the social media; the same can be used by it to promote the Legion Solar System. Action Program Since the official announcements of the Legion Solar System the PLX Devices is working tirelessly to ship its products as soon as possible. The company is all set to roll out the Legion Solar system in two stages: The first stage is the shipping of the panels, micro inverter, and rest of the required wiring. This would suffice for consumers to begin with their experiments with the solar energy and to start making their own electricity. The second stage comprise of the shipment of the Solar Hub and the Android/iPhone app. The purpose of this application is monitoring of the production of power output by the consumers (Legion Solar Starter Kit, 2015). Activity proposed Person Responsible October Preparation of promotional materials for the Legion Solar System. General Manager Sales Manager Persuading the project backers General Manager Updating of the project details on the company website and other digital media channels. Advertisement of the product. Office Manager Sales Manager Invitations to industry specialists, suppliers and key stakeholders for inviting them to the product launch. Office Manager Sales Manager Official launch of the Legion Solar System on 24th October 2016. All Staff Sales calls. Meeting with the local families and industries representatives Sales Manager November Start of the social media campaigns to target the identified customer segments. Sales Manager Office Manager Connecting with the customers online and providing information and support. Sales Manager Office Manager Connecting with the big industries, which can use the Legion Solar panels. General Manager Sales Manager December Develop relationships by calling and meeting with clients. Sales Manager Devising specific plans and schemes for the target customers. Special corporate offers for the bulk purchases could be strategized. General Manager January Follow-up of the leads of potential customers must be done effectively to convert them to maximum purchases. Sales Manager February Supply and after sales management must be emphasized to sustain growth in the sales. Product Manager, CRM Manager March Re-look at pricing strategy. Potential price increase for 2017. General Manager References Blythe, J. and Megicks, P. (2010) Marketing planning: Strategy, environment and context. Harlow, England: Financial Times / Prentice Hall. Hollensen, S. (2010) Marketing management: A relationship approach. 2nd edn. New York, NY: Financial Times Prentice Hall. Legion Solar Starter Kit (2015) Legion DIY solar. Available at: https://www.plxdevices.com/Legion-DIY-Plug-and-Play-Solar-p/897346002894.htm (Accessed: 30 September 2016). PLX Devices (2015) About us. Available at: https://www.plxdevices.com/aboutus.asp (Accessed: 30 September 2016).

The impact of UK policies on an organisation free essay sample

A report to understand how the characteristics of the UK economy, fiscal, monetary and competition polices can impact on an organisation. Within this report I hope determine in detail all the characteristics of the UK economy, government fiscal and monetary policies and how each one effects on the Tesco PLC organisation. I plan to give a clear and comprehensive look into each of the factors which build the UK economy and analyse and evaluate with strong evidence of application to theory throughout the report. The UK subscribes to a democratic, parliamentary system of governance known as the Westminster system. The structure of the administration ensures that there is an adequate separation of powers between the executive branch, led by the prime minister, the bicameral legislature and the judiciary, and that there is a system of checks and balances in place. The current population of the UK is 61. 1 million. The UK was one of the largest macroeconomys in the world. We will write a custom essay sample on The impact of UK policies on an organisation or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page It was seen to be one of the strongest and most stable economies before 2007, however post 2008 economic deceleration began and the GDP growth rate fell to 0. 7%. In 2008, the economy entered into a recession, with a predicted negative growth rate of -4. 5% for the following year. (Data monitor Statistics) The current conservative government’s main economic aims are Economic growth with more goods and services produced in the economy, alongside low inflation, little unemployment with a Fair distribution of income. (HM Treasury) Taxation comes in two forms direct taxation (taxation on income and profits) and indirect taxation this is taxation on expenditure (VAT, excise duty). The UK government spends in the region of ? 400bn a year. Over a third of this money goes in welfare benefits such as pensions, unemployment benefit and other forms of income support. The rest is spent on health, education, defence, roads, law and order and on supporting businesses and local communities. (Data Monitor Statistics) Businesses can benefit direct or indirec ndirectly from the rest of the spending. Governments supply money in the form of grants, subsidies and tax breaks (paying less tax than you should) to encourage businesses in certain areas of the economy. A business that is starting out, or is going to provide employment in a depressed area may be able to benefit from such help i. e. Tesco. Tesco is currently the fourth largest retail company in the world (Global Powers of Retailing Report) and is UK’s leading food and grocery retailer. The company operates 4,811 stores in 14 countries worldwide. It operates in the UK, other European countries, the US and Asia. The UK, Tescos largest geographical market, accounted for 67. 6% of the total revenues in FY2010. Revenues from the UK reached ? 42,254 million ($67,153 million) in 2010, an increase of 2. 2% over 2009. (Datmonitor Statistics) This is a fascinating statistic, which proves why Tesco along many other companies sufferd a hit due to the economic slowdown of 2009. The UK economy contracted 2. 4% in the first quarter of 2009, a decline not exceeded in 51 years (Office of National Statistics).

Education Era Essay Example

Education Era Essay Example Education Era Essay Education Era Essay Eras and Periods in U.S. Education The Colonial Period Major event: 1762 Rousseau publishes Lâ„ ¢Emile ou de lâ„ ¢education introducing humanistic philosophy into education. Johann Pestalozzi puts the theory into practice. The Early National Period Major event:1779 â€Å" Jefferson proposes the establishment of common schools through a bill that would provide all children with 3 years of free education. The Common School Movement Major event: 1821 â€Å" Boston establishes the first public high school to remedy the inadequacies of an elementary school only education for children that could not afford the private academies. The Progressive Era Major event: 1895 â€Å" First achievement test devised. Joseph Rice devised a test designed to be standardized for eight grade students. The Modern Era Major event: 1965 â€Å" Elementary and Secondary Education Act â€Å" Authorizes school grants for children from low-income families, funding resources, materials and training. The events I have selected collectively reflect a movement aimed at bringing education, especially higher level education, to all people regardless of their financial abilities. Of all the events I have chosen, I believe the most significant to be the 1821 establishment of the first public high school. The significance of this event is in the purpose behind it. The high school was established not only to bring higher level education to those that could not afford the private academies, but also to provide a higher quality education. In fact it was the inadequate quality of the public education that triggered the establishment of this school. When Jefferson signed into law the bill that established 3 years of public funding for all children, the focus was on the funding and ensuring that education was available to all children. This was a wonderful step forward because it made education available to those that previously could not afford it. However the bill lacked the establish ment of requirements for the education being funded. Standardized testing such as the spelling test devised by Joseph Rice is focused on ensuring that students are learning what the education system and itâ„ ¢s curriculum has set out to teach. This too was needed however the test must be aligned with a quality curriculum. Therefore, I see the first public high school as a major step forward in education because not only was higher education then available to all, additionally the school exemplified the importance of the quality of public education as well. It effectively created a model not only for modern high schools but I would venture to say a model also for public universities.

Project Management - Project Report Coursework Example | Topics and Well Written Essays - 500 words

Project Management - Project Report - Coursework Example This entailed gathering of the necessary information needed to begin the project as well as the features that it would have to meet the needs of the stakeholders. For this reason, the team established a proper communication system that aided in collecting relevant information. The scope of the project geared towards addressing the structural, technological and environmental challenges. In terms of schedule management, the work on the project was under strict timeframe with every activity having a deadline. This ensured listing of the activities, milestones and deliverables of the project with the intended commencement and completion dates. Cost management ensured that the completion of the project happened within the budget. Thus, the project underwent regular budgetary reviews that enabled better planning and allocation of funds (Airport-technology.com, 2015). Risk management was necessary to ensure that there were intervention plans in case of any need. The project considered the asbestos and electric risks. During the entire project, there were some energy saving measures that came into consideration. The management provided that a competitive and open tender process occurred so that the ideal people received contracts (‘Project Management Institute’, n.d). The planning and project execution team carried out their responsibilities with a high level of professionalism and effectiveness. Some budgetary changes happened to ensure that everything went as planned. The entire project team was able to handle all the challenges correctly, and all issues of contentment received consideration. The delivery of the project happened within the scheduled timeframe and to the standards that applied for the entire project. This ensured that the project was a

Amazon Organization Is Involved in Online Retail Trade Research Paper

Amazon Organization Is Involved in Online Retail Trade - Research Paper Example Amazon manufactures electronics, such as the Amazon Kindle, for clients and provides cloud-computing services. Additional revenue for the company is from marketing services. This is mainly by online advertisement and co-branding of credit cards (Schneider, 46). The company operates in the United States and in other countries such as France, Germany and China. Strategy Amazon usually delivers products to the customers after transactions are complete. This usually takes a couple of days depending on diverse logistical factors that include distance and address. However, the company has introduced a new system, popularly called same day shipping. This enables clients to buy products online and then the products are delivered to them the same day. This remains its clear-cut strategy to ensure the achievement of competitive advantage. Indeed, the large range of products that it sells is one of the noble strategies that the company is integrating. Buyers can find a variety of products such as toys, electronics, and books that are in excellent form. It customizes the experience of the buyers and gives recommendations for advancement in service delivery that contributes to customer retention. Additionally, it does customer tracking to enable it to gain more customers and retain them. It also gives individuals the opportunity to sell various commodities via its platform (Rosenbloom, 174). These can be either new goods or those that have been used. The advantage that Amazon has had over its competitors is that it does not charge sales taxes. This is mainly because its clients perform online purchasing that ensures effective ordering and delivery of the items with immense convenience. The company’s prior operating strategy was to avoid establishing networks in the nations that have adopted unfriendly tax policies, and thus such states do not have Amazon distribution warehouses. However, the new strategy that it is adopting requires that it sets warehouses across the United States including those tax unfriendly states. This means that the company will give up the lead it has over competitors. However, more warehouses in many states in the US will mean that products are closer to clients thus can be delivered the same day that purchase takes place. This can benefit individuals who are last minute gift shoppers. Local commercial institutions usually push these states to collect sales tax from Amazon because lack of such revenue gives the company a price advantage over them. However, online retailers such as Amazon are exempted from paying sales tax in states in which they do not have physical existence. Currently, Amazon has warehouses in six states and thus contributes sales tax in six states. These are Washington, Kentucky, New York, Texas, Kansas and North Dakota (Rosenbloom, 174). With the new strategy, it will have to collect sales levies in more states. Presently, it is unclear how the strategy will affect the revenues. Effects on competito rs, consumers and Revenues Amazon has eluded charging sales tax from its clients.

Christmas tree Essay Example for Free

Christmas tree Essay Art is an object or piece of work that brings one pleasure. Art is also something you see or feel and you cannot even begin to describe the ways you like it or how it makes you feel. Art is something that portrays beauty and happiness. Art lets you see the world through another person’s perspective. Most art seems to tell a story about where a person has been and the things they have encountered along the way. It lets you connect with the artist and see things through their eyes. Art is a way of expressing one’s self without words. When I think of art, I think of paintings, portraits, sketches, and sculptures. I know there are many other forms of art, but my favorite form is painting. I normally respond first to the mood of the art and the idea it brings to mind. I like art that makes me feel happy. Second I would say I respond to the colors in the art. I like warm and soothing colors. I prefer scenery in art work. I like paintings of autumn, filled with warm oranges and yellows in the trees, country roads covered with fallen leaves. Those kinds of paintings make me feel warm and happy. One of my favorite autumn scenes is by Robert A Tino, a local artist in Sevierville, TN. It is called Autumn Psalm. It is a small country church setting just off of a country road lined with trees. The trees in the painting are almost bare, and the beautiful autumn leaves are scattered on the ground. This painting gives me a sense of peace and happiness. The content of art is not quite as important to me as the way it makes me feel. I love works of art that portray a place that I have been or know. It is nice to see something you are familiar with from another person’s perspective. For instance, Harrisburg Holiday, another great work of art by Robert A Tino. It is a painting of a covered bridge that I am very familiar with, but he has painted it as he saw it in 1975. It is a beautiful winter scene. He paints the roads covered with snow and an old red Chevy truck hauling a Christmas tree. The scene has two snowmen at the entrance to the covered bridge. It fills your heart with warmth and holiday spirit just to look at it. Portraits to me are art in a different sense. Some of my favorite portraits are by Martin Waugh. It is what he calls Liquid Sculpture. He uses high speed photography to capture drops of liquid as the splash into lakes and other bodies of water. To me there is just something so soothing about his work. It is amazing how a tiny drop of liquid can create such a beautiful work of art. His work impresses me, because I never really thought of liquid as art before I saw one of his photos. The formal qualities of art work are somewhat important. I like paintings that flow smoothly with very fine brush strokes. I think some of the most beautiful art work is produced with a combination of canvas and oil paints. I like portraits that capture images I normally could not see otherwise. Portraits that capture the colors you can see when light reflects on a ripple of water amaze me. I do not know a great deal about art, but art seems to be much more opinion than fact.

Change within Organizations Essay -- Business Environment, Organizatio

Word Count 3000 Why are there different perspectives on change within organisations INTRODUCTION Organizational Change In an ever-changing business environment, for organisations to remain competitive in this fast-moving world of technological development and globalization, organisations must examine frameworks regularly and manage change and their working practices and systems if they are to remain competitive. â€Å"It is becoming increasingly important for organizations to gain competitive advantage by being able to manage and survive change † â€Å"Organizational change has become synonymous with managerial effectiveness since the 1980s (Burnes, 1996; Wilson, 1992). A definition given by Mark Hughes (2006 ) in his book Change Management defines ‘ Change’ as â€Å"The leadership and direction of the process of organizational transformation – especially with regard to human aspects and overcoming resistance to change† (Hughes, 2006). Change is a constant feature of organizational life and the ability to manage it is seen as a core competence of successful organizations (Bumes, 2004b). The ability of organizations to manage and survive change is becoming increasingly important in an environment where competition and globalization of markets are ever intensifying (Cao and McHugh, 2005: 475). Organizational change involves, by definition, a transformation of an organisation between two points in time†. It is crucial for organizations to â€Å"Accept that undertaking change is a natural part of business life in order to keep in line with the need for improvements or customer or fashion demands†. The IBM report (2008 ) on Making Change Work states the ``effects of globalization , technology advances, complex multinational organizations , enable... ...e-fits-all approaches. For example, they attempt to combat resistance to change by involving employees in the initiative’s design even when employees don’t have the information needed to provide useful input† We need to beware of pat formulas or off-the-shelf improvement packages. Improvement tools, techniques, and approaches must be customized to fit our unique personal, team, and organizational circumstances. That's why trendy programs like quality circles, excellence, customer service, quality improvement, teams, empowerment, re-engineering and the like have failed or fallen short in so many organizations. They're often sold as a one-size-fits-all, step-by-step process that we can drop right into our organization. When that doesn't work, some managers or consultants try to alter the organization to fit the program rather than the other way around. Change within Organizations Essay -- Business Environment, Organizatio Word Count 3000 Why are there different perspectives on change within organisations INTRODUCTION Organizational Change In an ever-changing business environment, for organisations to remain competitive in this fast-moving world of technological development and globalization, organisations must examine frameworks regularly and manage change and their working practices and systems if they are to remain competitive. â€Å"It is becoming increasingly important for organizations to gain competitive advantage by being able to manage and survive change † â€Å"Organizational change has become synonymous with managerial effectiveness since the 1980s (Burnes, 1996; Wilson, 1992). A definition given by Mark Hughes (2006 ) in his book Change Management defines ‘ Change’ as â€Å"The leadership and direction of the process of organizational transformation – especially with regard to human aspects and overcoming resistance to change† (Hughes, 2006). Change is a constant feature of organizational life and the ability to manage it is seen as a core competence of successful organizations (Bumes, 2004b). The ability of organizations to manage and survive change is becoming increasingly important in an environment where competition and globalization of markets are ever intensifying (Cao and McHugh, 2005: 475). Organizational change involves, by definition, a transformation of an organisation between two points in time†. It is crucial for organizations to â€Å"Accept that undertaking change is a natural part of business life in order to keep in line with the need for improvements or customer or fashion demands†. The IBM report (2008 ) on Making Change Work states the ``effects of globalization , technology advances, complex multinational organizations , enable... ...e-fits-all approaches. For example, they attempt to combat resistance to change by involving employees in the initiative’s design even when employees don’t have the information needed to provide useful input† We need to beware of pat formulas or off-the-shelf improvement packages. Improvement tools, techniques, and approaches must be customized to fit our unique personal, team, and organizational circumstances. That's why trendy programs like quality circles, excellence, customer service, quality improvement, teams, empowerment, re-engineering and the like have failed or fallen short in so many organizations. They're often sold as a one-size-fits-all, step-by-step process that we can drop right into our organization. When that doesn't work, some managers or consultants try to alter the organization to fit the program rather than the other way around.

Cra and Financial Crisis

Table of Content Introduction2 Real-life examples2 Empirical cycle2 Other concepts of Babbie, Gravetter and Forzano applied2 Conclusion2 References2 Introduction The burst of the United States housing market bubble initiated the worldwide financial crisis. Amongst all housing regulations, the community reinvestment act (CRA) may be the most significant. The act passed in 1977 to improve low-income households’ housing opportunities. As such, the act raised the incentives for banks to provide mortgages to low-income households (FFIEC, n. d. ). Over time, several political administrations, like the George H.W. Bush-, Clinton- and George W. Bush-administration, changed the original act, adapting to new challenges in the housing market (Braunstein, 2008). However, as time passed, the act became less important for banks, as the products, mortgages, became more profitable. As a result, more and more financial institutions started offering mortgages to low-income classes. These so cal led subprime mortgages are often associated with high risks (Aalbers, 2009). This point of view can be concluded with the hypothesis that the CRA will be seen as a cause of the financial crisis.Firstly, the different opinions and their respective arguments with regard to the hypothesis are illustrated. Secondly, an explanation is given on how these examples fit in the empirical cycle. Thirdly, three other concepts of Babbie, Gravetter and Forzano are applied to the examples. Finally, a conclusion is drawn with respect to the examples. Real-life examples As a result of the CRA, banks were rated, based on the number of loans given out to low-income households. A bad rating could have had severe consequences for a bank.The fact that the FED did not allow a Hartford, Connecticut bank to acquire a New Hampshire bank on CRA grounds demonstrates this. In order to keep their CRA ratings high, banks had to provide low-income classes with loans. In essence it can be said that the CRA ratings raised the banks’ incentives to provide low-income households with loans (Carney, 2009a). It can clearly be seen that the enforcement of the CRA over time led to a relaxation of lending standards and consequentially to more risk-taking in the banking sector in the form of mortgages. These high-risk mortgages are now seen as part of the problem.Thus, Carney (2009b) concludes, the CRA is part of the cause of the financial crisis. Carney agrees with the hypothesis. Defendants of the CRA simply claim that an act passed in 1977 cannot lead to the creation of a housing bubble in the early 21st century. Nevertheless, the CRA was not a static piece of legislation. The act evolved over the years, as it was mentioned earlier in the introduction. To be more specific, it was more and more enforced over the years. As a conclusion it can be said that the enforcement of the CRA might have been crucial in creating the housing bubble.Therefore the act could have created a housing bubble in th e early 21st century (Carney, 2009a). However, Aalbers (2009) also argues in favor of the CRA and tries to falsify the hypothesis. He states that the majority of subprime loans in 2006 were provided by non-bank lenders. These non-bank lenders, however, were not subject to CRA regulations and thus were not obliged to provide affordable loans to low-income classes. The only logical conclusion that can be drawn from this information is that these loans to low-income classes were an attractive investment.Thus, Aalbers says, the CRA was not the cause of the high-risk mortgages providence to low-income households by banks. By clearly, Aalbers would reject the hypothesis that the CRA was a cause of the financial bubble. Nonetheless, his argumentation has to be questioned. In 1977 most of the loans and mortgages were provided by banks as well as savings and loan associations. The extra mortgages that were provided as a result of the CRA probably increased the demand for houses, which in tur n resulted in an inflation of housing prices.Several years later, due to rising housing prices, subprime mortgages became a more attractive investment for financial institutions. Consequently, the majority of loans issued since the inception of the CRA came from nonbanks that deemed mortgages a good investment. In other words, the CRA created major lending opportunities for financial institutions (Kroszner, 2009). Since the CRA initiated the inflation of housing prices to some extent, it can be argued that the CRA can be hold partly responsible for the creation of the housing bubble. This theory should verify the hypothesis. This argumentation has to be investigated further.As Foote et al. ’s (2008) research concludes, housing price data in Massachusetts reveals that around 70% of all homes lost to foreclosure were actually purchased with prime mortgages. From that information Aalbers (2009) derives that most loans were not used for directly financing new homes, but rather re financing existing loans. Hence, Aalbers insinuates that the extra mortgage lending as a result of the CRA did not cause a rise in housing prices. That information implies that the CRA was not a cause of the creation or inflation of the United States housing bubble. Clearly, this would reject the hypothesis.Nonetheless, Aalbers’ argumentation contains two pitfalls. First, his argumentation solely rests on inductive reasoning. Massachusetts is just one small part of the United States of America. Without any supportive data to back up the thesis that the Massachusetts housing market is representative of the whole nation’s housing market, it has to be concluded that Aalbers overgeneralizes the statistical data provided by Foote et al. As Babbie (2005) mentions, overgeneralization can lead to misdirection or rendering of inquiry. Due to this fact Aalbers’ argumentation is questionable. Second, even if the study of Foote et al. 2008) were representative, Aalbers fail ed to acknowledge the other side of the medal: The supply side, as it is not in favor of his opinion. If the CRA-related loans were used to refinance homes only, it would strongly affect the supply side of the housing market in the way that supply was artificially lowered. Homes were occupied that otherwise would not have been, driving up the prices of real estate. Aalbers falls victim to the fallacy of selective observation. He only looks at the effects of the CRA on the demand-side. Looking at the supply-side would not support his theory and point of view on the topic.That makes this observation a selective one. Empirical cycle This debate fits in the empirical cycle in the way that it started with an observation: The burst of the housing bubble. Consequentially different hypotheses and theories where formulated and tested by reasoning and correlation. As markets nowadays are very complex phenomena, it is difficult to establish a causal relationship between several factors of this system. In spite of that it is possible to use logical reasoning and correlation between these factors to hint at the correctness of a thesis. For example, it can be investigated how many subprime loans were CRA-related.A different question that can be posed is how these CRA-related subprime loans performed against other loans (Kroszner, 2009). The answers to these questions could give an idea of the causal relation between the CRA and the financial crisis. After testing the hypothesis, a new hypothesis and theory might be formulated until a conclusive theory is found. Nevertheless, Kroszner himself admitted the existence of a lack of data to get conclusive answers to the previously mentioned questions. For the empirical cycle, this lack of data means it is very hard to reject or not reject theses, obstructing the formulation of new theses and theories.Other concepts of Babbie, Gravetter and Forzano applied The empirical cycle is not the only concept of Babbie (2005), Gravetter and Forzano (2009) which can be applied to the examples. Another concept that can be applied apart from the empirical cycle is the concept of authority. Carney (2009a), who was mentioned earlier in this paper, started out as a strong defendant of the CRA. He did change his mind though, relying on, among others, the FED Governor Meyer. Since Carney used a quotation of Meyer, it can be concluded that Meyer is a person with authority and strong references in the field of economics.Babbie, Gravetter and Forzano define authority as a person with strong references in certain fields. Authority is used as a source for knowledge and can be referred to. Gravetter and Forzano (2009, p. 11) define rationalism as the search for â€Å"answers by the use of logical reasoning†. This is exactly what Carney (2009b) does to come to the conclusion that the CRA was a cause of the financial crisis. He reasons that the CRA raised the banks’ incentives to provide low-income households with mortg ages. These financial products are now seen as a cause of the housing bubble, which caused the financial crisis.Therefore, Carney concludes, the CRA is a cause of the financial crisis. Theory is described by Babbie (2005, p. 12) â€Å"as a systematic explanation for the observations that relates to a particular aspect of life†. This implies that the argumentations used by Carney (2009a, b), Aalbers (2009) and Kroszner (2009) are parts of different theories as they explain how the CRA caused or did not cause a housing bubble. Conclusion As shown in this paper, there is a huge debate about whether the CRA was a cause of the financial crisis. As Carney (2009b) pointed out, the CRA raised the banks’ incentives to issue risky loans.Critics, however, state that an act passed in 1977 cannot create a housing bubble in the early 21st century. Nevertheless, the act was enforced several times, which implies that an enforcement of the CRA might have a causal relation with the fina ncial crisis. Aalbers (2009) argues also in favor of the CRA: he points out that most subprime mortgages were provided by non-CRA-related institutions. Despite that fact, Kroszner (2009) says there is no reason to believe CRA is not to be blamed. He mentions that the inception of the act increased the demand for mortgages and consequentially, houses.According to Kroszner, this was the start of the housing bubbles. Aalbers on his turn argues that the vast majority of houses bought in Massachusetts was financed with prime mortgages. He concludes that this provides evidence in order for the CRA not be labeled a cause of the crisis. Nonetheless, Aalbers argumentation contains two fallacies. First, he uses inductive reasoning which results in overgeneralization without supportive data. Second, he uses selective observation by ignoring the supply-side of the market. This whole debate fits in the empirical cycle in a way that it started with an observation which was followed by many theses .After the formulation of these theses they were tested by logical reasoning and correlation. As a final step, new theses theories will be formulated. However, this step is obstructed heavily by a lack of data. Other concepts of Babbie (2005), Gravetter and Forzano (2009) can also be applied to the examples. Meyer has authority in Carney’s argumentation, logical reasoning is used by Carney to come to the conclusion that the CRA was a cause of the crisis and the argumentations used by Carney, Aalbers and Kroszner are all parts of theories, described by Babbie, Gravetter and Forzano.References Aalbers, M. (2009). Why the Community Reinvestment Act cannot be blamed for the subprime crisis. City & Community, 8 (3): 346-350. Babbie, E. (2005). The Basics of Social Research (3rd ed. ). Belmont: Thomson Wads worth. Braunstein, S. (2008). The Community Reinvestment Act, 13 February 2008. Retrieved 20 January 2010 from: http://www. federalreserve. gov/newsevents/testimony/braunste in20080213a. htm Carney, J. (2009a). Here’s how the Community Reinvestment Act led to the housing bubble’s lax lending, June 27, 2009. Retrieved 15 January, 2010 from ttp://www. businessinsider. com/the-cra-debate-a-users-guide-2009-6 Carney, J. (2009b). Sorry, folks, the CRA really did require crap lending standards, June 23, 2009. Retrieved 15 January, 2010 from http://www. businessinsider. com/sorry-folks-the-cra-really-did-require-crap-lending-standards-2009-6 FFIEC, (n. d. ). Community Reinvestment Act. Retrieved 20 January 2010 from: http://www. ffiec. gov/CRA/ Foote, C. , Gerardi, K. , Goette, L. & Willen, P. , (2008). Journal of Housing Economics, 17: 291-305. Retrieved 19 January 2010 from: http://www. sciencedirect. om/science? _ob=MImg&_imagekey=B6WJR-4TN0KW9-1-N&_cdi=6885&_user=499911&_orig=search&_coverDate=12%2F31%2F2008&_sk=999829995&view=c&wchp=dGLbVtb-zSkzk&md5=f93e4616adcb03662bac8ef89298dcdc&ie=/sdarticle. pdf Gravetter, F. & Forzano, L. (2009). Research Methods for the Behavioral Sciences (3rd ed. ). Belmont: Wadsworth Cengage Learning. Kroszner, R. (2009). The Community Reinvestment Act and the recent mortgage crisis. Retrieved 15 January, 2010 from http://www. frbsf. org/publications/community/cra/cra_recent_mortgage_crisis. pdf

Some Principles Of Stratification By Kingsley Davis And...

In this paper I will discuss â€Å"Some Principles of Stratification† by Kingsley Davis and Wilbert E. Moore. Their work focuses on stratification, social class, positional rank, and their effects on individuals and society. The second work â€Å"Classes in Capitalism and Pre-Capitalism† by Karl Marx, highlights inequality in society regarding the relationship between the oppressor and the oppressed or the bourgeoisie and the proletariat, and methods of production and their effects on society. Finally, in â€Å"Who Rules America?† G. William Domhoff, examines the roles of corporate communities and the upper class and how they impact issues in America. Davis and Moore highlight the need for stratification within society and how it impacts different†¦show more content†¦This is illustrated in the workplace: cashiers may work harder to show their bosses that they deserve a raise and/or to be promoted to a higher position. Davis and Moore also argue that pos itions within the highest rank and best rewards are the ones which â€Å"a) have the greatest importance for the society and b) require the greatest training or talent† (18). I agree because people who endure the most training and are most qualified should receive benefits that match their competence and qualifications. For example, my uncle is a lawyer and attended 4 years of college and 3 years of law school. His compensation and benefits should be considerably more and of better quality than those of someone who is a retail specialist without a college education and minimal training of approximately a year. In â€Å"Classes in Capitalism and Pre-Capitalism† Marx focuses on class struggle, the relationship between the oppressor and the oppressed or the bourgeoisie and the proletariat, and the methods of production and their impacts on society (36). Marx argues that the mode of production has shifted from feudalism to capitalism due to the rise of the bourgeoisie, forming a principal struggle between the bourgeoisie (the wealthy owners of the means of production) and the proletariats (those who work for the owners) (36). I agree with this because in today’s society, there are manyShow MoreRelatedContemporary Theory: Stratification Essay examples1245 Words   |  5 PagesA major concern of modern-day theory would be the impacts of stratification within society. Social stratification is defined as the â€Å"hierarchical or vertical division of society according to rank, caste, or class† (Dictionary.com 2014). Social stratification can be operationally defined â€Å"as the systematically unequal distribution of power, wealth, and status (Bowles 2013; Kerbo 2000). Stratification sets up that all known societies past and present â€Å"distribute its scarce and demanded goods and servicesRead MorePrinciples Of Stratification On Society1547 Words   |  7 PagesThis paper will be discussing â€Å"Some Principles of Stratification† by Kingsley Davis and Wilbert E. Moore, â€Å"Classes in Capitalism and Pre- Capitalism† by Karl Marx, and â€Å"Who Rules America?† by G. William Domhoff. Davis and Moore examine stratification, social class, and positional rank and their effects on individuals and society. Marx examines inequality in society, the relationship between the oppressor and the oppressed or the bourgeoisie and the proletariat, and methods of production and theirRead MoreThe And Consumption Of Skin Lighteners By Evelyn Nakano Glenn899 Words   |  4 Pagesare â€Å"light-skinned†. This brought about the whole ligh t-skinned and dark-skinned war that is happening among people of color, because it is seen that those with lighter skin gets the better spouse or the better paying job. In At a Slaughterhouse, Some Things Never Die, Charlie Leduff exposes that racism is still very alive and how it can affect a person’s income and working determination. The conditions in the pig slaughtering plant are a hair short of being an all our war between workers. Why?Read MoreCorrelation Between Race and Class2667 Words   |  11 PagesINSTRUCTOR: Ãâ€"MÃÅ"R NECZAN TÄ °MURCANDAY Ãâ€"ZMEN 2012, Ä °ZMÄ °R CONTENTS Abstract†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.ii Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...iii A. Social stratification, social inequality, social division..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..1-2 B. Social class†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.2-3 B1. Sociological overview and theories of stratification and social class†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.4-5 C. Races, ethnicity, and racism†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦6 Conclusion†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦7 References†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦8 Read MoreStructural Functionalism And Conflict Theory1882 Words   |  8 Pagessociety as an entity that is â€Å"objectively real†. It emphasizes the unity of society, and how individuals perform roles and how these roles are vital in meeting the needs of the collective whole. For instance, because every society has stratification, stratification must have certain functions and these functions can contribute to the survival of the social system as a whole. Furthermore, structural functionalists often describe society as a living organism, and the various institutions of a societyRead Moreâ€Å"Social Inequality Is a Necessary Evil of Capitalist Society†. Please Comment .2284 Words   |  10 Pagesprocess in general (Marx and Engel,1968, cited from Marger, 2005), it is believed that a capitalist society refers to a society the norms and culture of the societies are influenced by its economic structure, namely capitalism. In a capitalist society, some particular characteristics are developed. As this is not an economic analysis, the focus point would be more about social characteristics. First of all, the capital accumulation is a trait that the owner, or the entrepreneur was dependent upon notRead MoreSocial Stratification4449 Words   |  18 PagesContents 1. Social stratification 2. Characteristics of social stratification 3. Origins of social stratification 4. Social stratification in Bangladesh 5. Religious stratification In Bangladesh 6. Caste systems among Hindus 7. Caste systems among Muslims All societies arrange their members in terms of superiority, inferiority and equality. The vertical scale of evaluation, this placing of people in strata, or layers is called stratification. Social stratification is a natural andRead MoreSocial Structure And Human Social Life2332 Words   |  10 Pagesthat education system nurtures collective consciousness and our ability to maintain our role within society. In addition to that, he, saw schools as ‘miniature societies’ with their own universalistic standards e.g. cooperation, interaction, rules. Some of Durkheim’s views where criticized by David Hargreaves (1982), who argued that Britain’s curriculum fails to convey shared values or nurture self-discipline and cement social solidarity. Instead, he believed that education system has emphasis on