1) The current recession is the longest since the Great Depression in the 1930’s. We are still far from a recovery with unemployment at about 9.7% and weekly new jobless claims at 442,000+. In your view, are we about to grow out of the recession or will it continue? In addition to the unemployment data, support your positions with such economic indicators as: new housing starts, used home sales, GDP growth, etc.
The current recession or financial crises began in United States of America and created a domino effect of creating instability in the financial markets the world over; the spark of this recession ignited fire around December 2007. Our current financial crisis is also known as sub-prime mortgage crisis and it occurred because of reckless practices of giving out loans, without backing them with security or collateral. Obviously this credit bubble that had been blown by investment and commercial banks primarily popped when loans started going bad and risky borrowings got exposed. The fall of Lehman Brothers was a major blow as it created a situation of panic. This was also accompanied by a fall in house and share prices.
If we look at the latest statistics regarding the overall condition of the economy, there are evident indications of recovery. According to an economic report published in Market Watch (www.marketwatch.com), the US economy has grown at the rate of 5.6% during the last 3 months of 2009. According to the report, during the past year US real GDP had grown by 0.1%. It is said that the increase in this GDP figure should be associated with changes in inventories and not by final sales; in addition, on average the before tax profits have risen by 8% and a modest rise in consumer spending. A rise in business profit also indicates a probable rise in investments and increase in employment in future.
Martin Feldstein, the former president and founder of the National Bureau of Economic Research, has predicted that the recession will end in the year 2010. Now coming to some facts, we all know that a rise in spending shows an increase in aggregate demand in an economy signified by a high GDP, this marks the end of recession. The following graph shows the year to year change in new car registration in UK. The graph clearly shows the fall in the % change in registrations in 2008 of around 25% to 35%, especially towards its end. However the month of November 2009 marks a sharp rise in this figure of 57%. And there has been a positive change in the percentage in 2010 so far.

Source: The Society of Motor Manufacturers and Traders. (Mearns, 2010)
Question: What is meant by financial value? Compare and contrast three evaluation methods relative to the decision-making process to create financial value. Compare these methods by examining the methods themselves, the application of the methods, and their validity and reliability.
The financial value of a firm refers to the worth a business has constructed over its lifetime and through its operations. A firm’s profitability is the main determinant of the result of its policies and decisions. There are a number of evaluation methods that assess the effectiveness of a firm’s operations. Three methods of evaluating the value of a firm are profit margin on sales, return on total assets and return on equity.
Profit margin on sales is calculated by dividing the net income of a company through its sales.
Profit Margin on sales = Net income available to common stockholders/ Sales
A firm can compare its figure by the industry average to assess its performance. If a company finds its ratio to be low, it can judge that most probably its costs are very high and so it needs to increase its efficiency and operations.
Return on total assets (ROA) is the ratio of net income to total assets of a firm. If a firm finds its ROA to be low, it means that the firm is not utilizing its resources properly and is not investing in the right direction. (Return on assets) . It can be calculated as
Return on total assets = Net income / Total Assets
Return on Common Equity (ROE) is the ratio of a firm’s net income to its equity. It shows the return that a firm is getting over each dollar of its equity. It tells the investors if they are investing at the right place. It can be calculated as
ROE = Net income / Common Equity
Question: What is meant by the term econometric techniques? Provide at least two examples of its use in financial studies.
Econometrics is a quantitative analysis of economic theories through the use of inferential statistics and mathematics. (wordnetweb.princeton.edu/perl/webwn)
It has a lot of use in economics, for instance econometrics has been used to find the positive relationship between consumption and income to come up with the Keynesian consumption function, whose slope is MPC or marginal propensity to consume.
Another example of it is to find the relationship between labor force participation and the level of GDP in the economy. Statistical methods can be applies, keeping in mind the presence of other factors such as the level of technological advancement.
Question: How can the analysis of financial statements are used in dissertation research?
The financial statements of a firm are its accounts which include its statements of cash flows, balance sheet etc. the analysis of financial statements can be used to describe the relationship between 2 phenomena such as the effect on household income due to the introduction of a few new developmental projects by the governments. Based on the relationship, a firm or individual can used to create a thesis or dissertation. Through this government can know the effects of a rise in its developmental investments. The resulting information can also be valuable for various sections of the market, to analyze how government can use the rise in GDP as an indicator of future spending.

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Summary of the most important points
Performance Management
Just chapter 10: Managing Employee Performance
And
chapter 11: Employee Assessment

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Introduction

There have been discussions among scholars in developed countries regarding economics of information. Developed countries includes Australia, New Zealand, United States, Ireland, Germany, Japan, Canada and many more are countries that have a high level of development according to some criteria. The criterion is income per capita; countries with high gross domestic product (GDP) per capita would thus be described as developed countries. Another economic criterion is industrialization; countries in which the tertiary and quaternary sectors of industry dominate would thus be described as developed. More recently another measure, the Human Development Index (HDI), which combines an economic measure, national income, with other measures, indices for life expectancy and education has become prominent. This criterion would define developed countries as those with a very high (HDI) rating.

Birchler and Butler (2007) stated that there are many reasons to know in depth about economics of information, which are information is an interesting economic good, economics is about…

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Immigrant Tragedy in The Cariboo Café by Viramontes

Helena Maria Viramontes grew up in Los Angeles where relatives used to stay and live with her family when making the transition from Mexico to the United States. This is where she got her first taste of the lives of immigrants in this country within the urban barrios. Viramontes’s writing reflects this theme along with expressing her political opinions on the treatments of immigrants, especially Chicanos and Latinos. In her short story “The Cariboo Café,” Viramontes brings these ideas to life through three sections narrated by different individuals tied into the story.
“The Cariboo Café” is a story of Chicano immigrants and a Central American refugee. Along with these characters is the owner of the Cariboo Café, who comes in contact with the others. The story progresses in three short sections. Each section involves a different scenario and is told from the point of view of a different narrator. The three separate settings do not fully come together until the end of the last section. This approach makes the story initially very complicated to understand and difficult to connect the sections as a coherent stream of events. However, it is possible that this was Viramontes’s intent. Perhaps the situations presented in the story were ones that posed this amount of confusion and frustration in real life to those who lived through them. Maybe Viramontes needed to convey in her story that what really happened in the urban barrios of Los Angeles never really made sense to anyone.
The opening section of this story is a third person narrative. The narrator immediately introduces a poor Chicano family with two young children. A few initial facts that the reader picks up in the opening paragraph are that both parents have to work, the children often play by themselves in back allies and carry their own keys, and the father has warned the children to always avoid the police.
Viramontes sets a disconcerting tone by introducing that it is night time and Sonya, the young girl, has lost her key and cannot let her younger brother, Macky, and herself into their apartment. The first few paragraphs succeed in showing that Sonya is responsible and protective of her brother despite her age as she chases after him to keep him out of the street. Sonya wants to find a safe place with food to bring Macky while they wait for a parent to come home and let them into the apartment. She has the idea to go to the home of Mrs. Avila, the women who watches Macky until Sonya picks him up each day. However, the reader finds foreshadowing when the narrator states “She scratched one knee as he tried retracing her journey home in the labyrinth of her memory. Things never looked the same backwards and she searched for familiar scenes.” This premonition that the children will get lost becomes true. Danger fallows when they encounter the police of whom they have been warned to stay away from. Running off into allies, Sonya encounters a familiar place which she calls the “zero zero place.” This is where she and Macky seek shelter.
The second section begins at this same place, “the double zero café.” However, the voice of the narrator is noticeably different. It takes a turn to the first person as opposed to third person. In addition, the reader quickly discovers that this is the voice of a middle aged man who owns the café. As opposed to the speaker in the previous section, this man is slightly crude, curses often, and uses slang. For example, the fifth paragraph opens like this:
I swear Paulie is thirty-five, or six. JoJo’s age if he were still alive, but he don’t look a day over ninety. Maybe why I let him hang out ‘cause he’s JoJo’s age. Shit, he’s okay as long as he don’t bring his wigged out friends whose voices sound like a record at low speed. Paulie’s got too many stories and they all get jammed up in his mouth so I can’t make out what he’s saying. He scares the other customers too, acting like he is shadow boxing, or like a monkey hopping on a frying pan.
….

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Buying a new home can either be an exciting experience in someones life, or can be a major heache with serious consequences. I was fortunate enough to get a house the a VA loan, and the process was somewhat more simple, because I did not have to do the majority of tasks by myself. I advise all of my friends and family, or whomever wants to purchase a home to consider many factors before making that decsions. Principles of economics plays a vital role in the decision making process when wanting to purchase a home. At the time, when I bought my house I didn’t know this but now since I am more knowledgeable on the economical principles, I realized I was applying all these steps unintentionally. Overall buying my home, was a major decision, and I know realize the consequences if not considering factors such as the economy, marginal cost and benfits, or even the right timeing of the supply and demand.
Principles of Economics
The principles of economics are what consumers use on a regular basis when dealing with trade, cost, products and services. This relates to my purchase decision w…

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The slaughtering, processing, and packaging of meat has long been associated with a high
incidence of accidents, injuries and illnesses. When the Occupational Safety and Health
Act (OSHA) of 1970 became law, the meat and meat products industry was designated by the
Department of Labor as one of the five Standard Industrial Classifications (SICs) to receive
priority attention as part of OSHA’s efforts to target those industries having the highest rates of
occupational injuries. In this paper I will explain why I agrees with the conclusions and recommendations of the Human Rights Watch in regards to worker safety concerning immigrant workers and why new laws need to be written that ensure worker safety regardless of their immigration status. The Human Rights Watch determined that jobs in the majority of meat processing, beef, pork and poultry plants were so inherently life and limb threatening and this commerce went as far as to blatantly breach international agreements pledging a safe and healthy work environment with impunity. Due to the high rate of injury at that time which …

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The demand curve is likely to change upwards or rise as a result of changes in a number of factors. One, if there is a move up in the price of an alternative commodity, or decrease in price of the given commodity’s accompaniment. Two, if there is a rise in buyers’ income. Three, if the taste as well as preferencs of the consumers shifts in regard to the particular product or service under consideration. Four, when there is a decrease in the cost of borrowing. And finally, if there is an overall increase in the buyers’ trust accompanied with optimism for the particular product or service.
Consequently, the outward change in the demand curve gives rise to a shift also referred to as expansion, along the supply curve coupled with an increase in the equilibrium price as well as quantity. In such a case, the suppliers will increase he quantity of their supplies at that higher price, thus gain more from sales. On the other hand, the opposite effects will take place if there is an inward change of demand. It is important to note that, a movement of the demand curve does not influence any …

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Game theory is a branch of applies mathematics that is used in the social sciences (mostly economics). Game theory can also be defined as a theory of competition stated in terms of gains and losses among opposing players. Game theory tries to mathematically imprison behavior in strategic situations, in which a person’s success in making choices depends on the choices of others. Traditional application of this theory attempt find equilibrium in these games, in equilibrium. Every player of the game has adopted a strategy that they are unlike (Game theory )
To a psychologist, what is known is game theory to economists is known are the theory of social situations which a very accurate description of what game theory is all about. Game theory is appropriate in parlor games like (poker and bridge Research in game theory focuses mostly on how groups of people interact. Game theory has two main branches. The two main branches of game theory include: Cooperative game theory and non-cooperative game theory. Game theory also has a lot of different types including C…

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In the current competitive business situation, the budget of each investment is likely to be tight. From the beginning of the investment, the cost management might conduct for the best efficiency. Nowadays, firms work with not only domestic industries but also international suppliers. The channel of business opportunities has been developed widely. Global business interaction seems to bring about the relationship between the firm and supplier how to make a profit effectively. In addition, it might be possible to say that this circumstance leads to enhance the domestic industrial relationship too.

It cannot deny that the relationship with other organizations might be significant factor to manage the businesses in current competitive market. In the vertical chain of business process, the firm has to consider what is the efficient way to acquire the profit, which is created by make or buy decision in the vertical boundaries. This paper will be examined following three parts. Firstly, the back grand of the theory will be reviewed briefly. Secondly, the characteristics of the transact…

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In The Return of Depression Economics and the Crisis of 2008, Paul Krugman warns us that America’s gloomy future might parallel those of other countries. Like diseases that are making a stronger, more resistant comeback, the causes of the Great Depression are looming ahead and much more probable now after the great housing bubble in 2002. In his new and revised book, he emphasizes even more on the busts of Japan and the crises in Latin America (i.e: Argentina), and explains how and why several specific events–recessions, inflationary spiraling, currency devaluations–happened in many countries. Although he still does not give us any solid options or specific steps to take to save America other than those proposed by other economists, he thoroughly examines international policies and coherently explains to us average citizens how the world is globalizing–that the world is becoming flatter and countries are now even more dependent on each other.
The main ideas in Krugman’s book revolve around the “Keynesian Compact” or the “neoclassical consensus”. Krugman suggests five general so…

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