Economic Condition :: Economics

Economic Condition Economy from anywhere it could be from the United States or even from the UK it self. Can have a huge impact on the firm. The main economical influences on a firm are:- 1) Inflation 2) Exchange rates 3) Unemployment 4) Interest rates 1) inflation In some things the price of them could go up. It's because prices in things when time past generally goes up. For example a time piece costing  £1000 today mite go up to  £1050 in about a years time, But that is if they area no scratches and it's in a perfect condition. 2)Exchange Rates Exchange Rates is the rate of exchange between currencies in different countries for example.  £1 is worth about $10 in Hong Kong. 3)Unemployment Unemployment is a amount of people who are unemployed but are willing to work and that are actually looking for work or that they can work but they can't find any. But it could be lots more reasons too. 4)Interest rate Interest rate is the way that bank makes money. What they do is when people needs money to buy a house or a car they will need money so they get loan from a bank. The bank will lend them money but they want a repayment in a certain amount of time and they also want another amount of money which is called interest. So for example if a person borrows  £1000 to buy a car they mite have to pay back  £1100 back to the bank. So that is 10% on the interest rate. But people can also befit from interest rates too. Because if some one or company puts their saving in a bank they will get interest from it. If they keep the money in a certain amount of time. Could be something like half a year to a year. And the more you pay in the more you will get back from the bank. Inflation Inflation can have affects on businesses too and below I have listed some of the different types of inflation. 1) Cost of raw material 2) Sales will go down 3) Further consequences:- * Reduce costs, * Lower wages, * Dismiss some staff, * Eventually bankrupt Interest rates (increase) Interest rates can have a affect on a company too. That shows anything can small can have a big effect on a business. That why it is hard to have your own business. Below I have listed different types of interest rates:- * Firms cost of borrowing will increase also that means less likely to invest in new equipment. * Consumers will spend less. A) because they are encouraged to save more so you get better interest rate.

Literary criticism †feminism

From the very point of creation, God made no difference between man and woman – both of them were humans, created in His own image, who had to reflect the beauty of heavens on the earth and share their love with the Creator and each other. Both Adam and Eve had to work in the Garden of Eden and take care of it.Disregarding the fact that Adam was created first, Eve was made as a helper, suitable for him, as a conscious and responsible personality. In the second chapter of the book of Genesis, we read that God gave all commands to Adam only, so he was responsible to retell them to Eve that she could fully understand the will of God and fulfill the commandments properly. She was made for Adam to help him, and apart from all other creatures, was called â€Å"flesh of my flesh and bone of my bones† (Gen. 2:23); therefore, they both belonged to each other and supplemented each other. Keeping their individuality, Adam and Eve, at the same time, formed a new unity, and this com munity was so self-valuable, that for its sake â€Å"shall a man leave his father and his mother† (Gen. 2:24).On the other hand, we can see the God’s order in the family: God – man – woman. As a leader in the family, Adam, at the same time, was subordinate to God, and both man and woman were subjected to the sovereign power of Almighty God. And only after their fall, the Lord God made a clear distinction between man and woman: â€Å"thy desire shall be to thy husband, and he shall rule over thee† (Gen.3:16b). This leading role of man is proven by the fact that Eve had fallen into temptation first, consequently breaking the God’s order on the earth. Yet, man must take the main responsibility. But if the core predestination of man isâ€Å"Literary Criticism – Feminism†work, woman is predetermined to bare children, be a mother, which is bound to pain and sufferings. Being in subordination, which was based on love, the fall of man has shifted it to the dominance of man over woman. But one should remember that it was not a new covenant of God, but rather a direct result of the fall.Since considering first of all the interests of man, who was permitted to have several wives, in the marriage husband had more freedom, comparing to wife. For example, one of the Ten Commandments claims that â€Å"thou shalt not covet thy neighbour’s wife† (Ex. 20:17), for this kind of adultery was interpreted as criminal offence on the property of another man (wife is mentioned in this text between such things as house, ox, servant). Only in Deuteronomy the same text gives wife a separate place in the list of man’s belongings. The consequences for the adultery also differed depending on the social status of woman:death to man found with a married woman;trespass offering for maidservant;marriage or money penalty for a maid.â€Å"Literary Criticism – Feminism†Such strict regulations were called to p revent divorces; yet the adultery was widespread and was mostly noted in Proverbs. The offering of jealousy (offering of memorial) testified about the male privileges: man could demand this offering if he had the slightest, even groundless, suspicion as to his wife’s behavior (water could either cause the curse or not). Men were not subjected to this test.Divorce was also a sole prerogative of man. According to Deuteronomy 24:1, he had the right to divorce with his wife, if â€Å"he hath found some uncleanness in her†. This regulation assumes a number of interpretations: if in the beginning it was enabled only in cases of wife’s bad behavior, then, in the course of time, the bill of divorcement was given to man if his wife caused the slightest displeasure.For her whole life, woman was dependant: first from father, later – from husband, and, finally, – from son, with the exception of widows, whose children were under age. This position primarily gua ranteed her the sense of security. Disregarding the savage customs (Lot, who was eager to give his two daughters to sodomites – Gen. 19:8, Levite, who gave his concubine to the men of the city – Judges 19:24-26) that were caused by the fall, women in Israel had deserving and full life, they were loved and respected by their men (1-Sam. 1:5,8) and children (Ps. 35:14) and were honored with public acknowledgement and praise (Proverbs 5:18, 12:4, 18:22; Eccl. 9:9).In Israel, woman held better position, comparing to other Orient nations. Women and maids of the Old Testament could freely and unconstrainedly take part in social affairs and amenities. Sara, though she called Abram as â€Å"master†, nevertheless, had persuaded him to take a concubine (Gen. 16:1-4). Rebecca had not veiled herself until she met Isaac (Gen. 24:64). Jacob greeted Rachel with a kiss before the shepherds (Gen. 29:11). Women participated in public celebrations, the songs of Miriam, Deborah, an d Hannah (Ex. 15:20, 21;â€Å"Literary Criticism – Feminism†Judges 5 chapter, 1-Samuel 2:1-10) prove the highly developed intellectual faculties. Israeli women of the Old Testament also held official positions, such as the prophetesses Miriam, Huldah and Noadiah, and Deborah, the prophetess, who judged Israel.As a wife, mother and mistress, women are depicted in the most attractable manner. Heathenism cannot show the portrait of the woman that is described in Proverbs, chapter 31. Israel was the first one, who was taught by God to look at mother’s heart, as the likeness of God’s heart: â€Å"can a woman forget her sucking child, that she should not have compassion on the son of her womb? Yea, they may forget, yet will I not forget thee† (Is. 49:15). The Law of Israel had lifted woman from that humbled state she was in heathenism. Yet, along with respect and honor, Bible gives us plain call to beware of foolish (Prov. 14:1), brawling, angry (Prov. 2 1:9, 19) and fair women without discretion (Prov. 11:22).First of all, woman was called to carry out duties of mother and mistress of the house. In these issues, man totally relied on her. In the house, woman could work and make decisions independently; she could manage her servants, who could belong directly to her (Gen. 16:1, 6; 29:24, 1-Sam. 25:42). Her primary responsibility was to raise children, at that mother’s covenant was equal to father’s admonitions (Prov. 1:8, 6:20). Women’s wisdom was highly valued and honored (Prov. 14:1, 31:26). Returning to Bethlehem, Naomi had the right to own the property of her husband (Ruth 4:3, 9), just as daughters had a part in father’s inheritance (Numb. 27:1-11), and Shunammite, the widow, was restored her house and field (2 Kings 8:1-6).  In contrast to men, women were not obliged to worship in the tabernacle regularly (Ex. 23:17), however, they brought the instructed sacrifices personally; they participated in celebrations and took portions of offerings. Women from priests’ families could eat offerings of the holy things; women and girls were praising the Lord with their dances and songs (Ex.15:20. Moreover, God gives especial revelations to women: the Lord has revealed the future of her sons to Rebecca – â€Å"two nations are in thy womb †¦ and the elder shall serve the younger† (Gen. 25:22, 23); Manoah’s wife was the first to receive the news about a son – â€Å"and the angel of the Lord appeared unto the woman† (Judges 13:3); along with prophets, women were used by God to reveal His will to Israel, Miriam was the first mentioned prophetess, and â€Å"Deborah, a prophetess, she judged Israel† (Judges 4:4).So, analyzing all the texts and the mentioned above, we see that there is no single opinion, regulation and voice in Bible verses, regarding to women. Yet, one text gives us clear explanation to this issue: â€Å"In those days the re was no king in Israel: every man did that which was right in his own eyes† (Judges 21: 25). From human side, we had seen the difference in male attitudes towards women: in some cases that were regarded as property, in others, as humans equal or with the same social rights. Sometimes, they were treated like a thing, but, in contrast, women’s wisdom, beauty, love and meekness are considered as the greatest gifts from God to men.Anyway, in all these texts, it is obvious that â€Å"My thoughts are not your thoughts, nether are your ways My ways, saith the Lord† (Is. 55:8). Due to the fall, thoughts and ways of men were perverted and devil is still making everything possible to make them wickeder; therefore, sinless relations between man and woman were totally changed, but God still looks at them the same way – the way they should be. Angels, sent to women first, prophetess, chosen to tell the will of God, offerings, brought by women – prove that God can use them, just like men, and sometimes, women were holding the same positions, even not taking into account that God is looking at Israel, as to His children, disregarding the gender, as the whole community of children of God. Therefore, the sole contrast between men’s and God’s attitude towards women lies in the notion that the fall of man brought the difference in the world and human’s perception of woman’s role in the society.Works Cited:Holy Bible, King James Version. Plume, 1974.

Lamarcus Adna Thompson

?2009 The most influencing person in my life would have to be the inventor of the first gravity-powered roller coaster in the United States by LaMarcus Adna Thompson, also known as the â€Å"Father of the Gravity Ride† for his Switchback Railway at Coney Island, New York City and became famous for the Scenic Railway on the Boardwalk in Atlantic City, New Jersey in 1887. Thompson was born on March 8, 1848 in Jersey, Ohio. At the age of 12, he built a butter churn and an oxcart, and was a master carpenter by the age of 17. In 1866, Thompson graduated from Hillsdale College in Michigan. He worked in a wagon and carriage business then made a mint for the manufacture of seamless women’s hosiery. In the early 1880s, Thompson almost had a nervous breakdown and thus sold his share in the hosiery business and returned to his first passion of inventing. Thompson was inspired by the designs of other inventors and the Mauch Chunk Switchback Railway in Pennsylvania. In 1884 in Coney Island, he had successfully built his version of the Mauch Chunk Switchback Railway, which he just simply called it, the Switchback Railway. Within the next four years, he had built about fifty railways all over the nation and in Europe. As more sophisticated coasters were beginning to be built, Thompson’s business was starting to go downhill. So Thompson paired up with James A. Griffiths, a designer, and produced his most famous attraction the Scenic Railway in 1887. It was a rolling tour of some elaborate artificial scenery with vividly colored tableaus, biblical scenes and flora-illuminated by lights triggered by approaching cars. This ride was the foundation of the Space Mountain of Disneyland in Anaheim, CA and other theme park journeys. Between the Switchbacks and his death on May 8, 1919, in Glen Cove, New York, Thompson had built many other scenic railways such as the masterpiece of faux-mountain and the Egyptian imagery in Venice, CA in 1910, which faced competition with his old partner James A. Griffiths. After he retired, he still patented an automatic car coupler and sold the invention to railroad car manufacturer, George Pullman. After Thompson’s death his legacy still ived through the Thompson company coasters, notably the Bobs, which was later renamed the Tornado, built at Coney Island in 1926. From then on, many coasters have been built and thought of. They are very intricate designs and have to be precise otherwise someone will get hurt. There are two types of roller coasters, steel and wooden. Steel roller coasters are known for their smooth riding usually taking the riders upside down, i n cork screws, etc. Some of the designs for the tracks are dwelling, figure 8, inverted, launched, shuttle, side friction, spinning and twister roller coasters. The most popular coasters are the floorless, flying, stand-up, suspended swing, and the Virginia Reel. LaMarcus Adna Thompson has influenced me more than I realized. My dream out of college is to become a roller coaster designer and if he had never invented the Switchback Railway I probably would be pursuing another career. I hope to be as successful as he was. I have learned to still be positive and stay focused on my goals in life now because the choices I make now will affect the way my future is played out. Like school for instance, I need to keep my grades up even though I have only one year left of high school. One bad grade could greatly decrease my chances of going to a college of my choice rather than a college I have to go to because I have no other offers. Even if Thompson almost had a nervous breakdown he still has inspired me to keep moving forward and to find comfort in the things that I find enjoyable. Yes, he did sell his part of the business but I would rather give up my part, than to bring everyone else down with me because that wouldn’t be fair to them. I understand more now than I ever did that when you fail it’s only an obstacle in your path that when you overcome it, you become even stronger than before. You become more creative and see the things in life with a totally different perspective than you would’ve thought of before. Now that I have grown to become a better person to find the good in everything I do and to pursue my dreams with my chin up high even though I know that I will get shut out every now and then. But that only means that greater things for me are to come in the mere future.

Business arena Essay

Recent years have demonstrated that a lack of unity exists within the business arena compared to the synergistic methods in which trade unions execute their policies. This must be considered another of the drawbacks of the existence of interest groups. This has resulted in costly political campaigning for Australian businesses (Bell, 0000). The number of organisations that attempt to represent their interests at the political level has become such a complex and tangled web that it is often unprofitable for to do business in such a scene (Matthews). Such action often bring great expense and yet offer little real guarantee of success (Coutskorais, 0000, p. 80). Such organisations in Australia as the Minerals Council of Australia (which represents the particular industry) and Surfer’s Paradise Chamber of Commerce (which represents regional membership) exist for the profitable purpose of (among other things) promoting competition among businesses and the consequent improvement of policies (Matthews, 0000, 75) Despite the clear benefits that interest groups can provide, some drawbacks do exist when one considers their impact on the politics of a country. It is usually necessary to be careful that certain interest groups do not become too powerful and end up coercing government to adversely affect policy changes (Apollonio & Bero, 2007). The two Australian interest groups previously mentioned are cases in point, as they represent very powerful organizations that have at least a large potential to urge the implementation of any of the policies they devise. Care must be taken that the policies they advocate really do consider the interest of the public. One major reason why such care must be taken is the fact that these interest groups are never guaranteed to possess equity in their actions. Because they take a particular stand on an issue, their interest is likely to exclude the interest of several others who have opposing views. Furthermore, interest groups have the general privilege of making donations to political parties. This is a lobbying technique that has been around for decades, but may give a political edge to such groups that have the greatest means of funding such campaigns (2007). Some interest groups have outsider status, and this means that they attempt to influence policy by altering public opinion (Evans, year. p. 84). Such groups may prove both beneficial and detrimental to the politics of a country. The detriment comes where such groups falsify or misrepresent information to the public in order to convince them (and their political candidates) to act in the behalf of the group. One group which has historically been seen in this light is the tobacco industry-front group. According to researchers Appollonio & Bero, â€Å"The tobacco industry has a history of misrepresenting scientific evidence† (2007, p.419). The researchers go on to point out that the industry has created what seems to be an unaffiliated interest group which presents â€Å"its antiregulation agenda as an expression of popular will, and allowed industry lobbyists access to policymakers who were otherwise unwilling to work with them† (2007, p. 419). This presents a very unfavourable view of political interest groups. However, positive effects of this attempt to influence the public may occur in the form of debates between/among opposing groups, through which the public becomes more informed about the policies being advocated by each. Furthermore, since each group represents a social movement made up of people who share values and see eye to eye on certain matters of concern, these groups provide a forum or network of communication that has the potential to provide a series of checks and balances amongst themselves and within the government (Marsh, 2000). Overall, the action groups that exist within Australia to lobby for the interests of the people have a predominantly positive impact on the Australian society. Such organizations as the Boy’s Club, Gay rights, and animal liberation groups offer protection and a voice for these minorities in the decision-making sectors of the government. Such groups also speak for such issues as gun control, military disarmament, and the protection of the environment. These interest groups possess the expertise and the experience to speak persuasively in the behalf of their interests, and also have the ability to aid in the execution of policies once they have been adopted by the political bodies. The media has the positive effect of promoting the accountability of the government, and of other businesses that my have formed ties with members of the government. However, the highly structured and powerful nature of certain interest groups, while they have the power to get things done within the government, also have the power to wrongly influence the government on their behalf. It is therefore necessary to take care in the freedom with which such groups are allowed to act. References van Acker, E. & Curran, G. (eds. ) 2004, Governing Business and Globalisation, (2nd edn. ) Pearson, Frenchs Forest. Ang, J & C. Boyer. 2007, â€Å"Finance and politics: the wealth effects of special interest group influence during the nationalisation and privatisation of Conrail. † Cambridge Journal of Economics. vol. 31, no. 2, pp 193-216. Apollonio, D. E. & L. A. Bero. 2007, â€Å"Finance and politics: the wealth effects of special interest group influence during the nationalisation and privatisation of Conrail. † American Journal of Public Health. vol. 97, no 3, pp 419-428. BCA. (2007). â€Å"Our Structure. † Business Council of Australia. Melbourne, VIC. Retrieved on May 8, 2007 from http://www. bca. com. au/Content. aspx? ContentID=100827 Hague, R. M. Harrop, S. Breslin. 1994, Political Science: A Comparative Introduction. St. Martin Press, New York. Gray, V. & D. Lowery. 2000, Population Ecology of Interest Representation : Lobbying Communities in the American States. University of Michigan Press, Ann Arbor. Greenemeier, L & J. N. Hoover. 2007, â€Å"Advocacy, Inc. † InformationWeek. no. 1121, pp 38-46. Hollander, R. â€Å"Name of Chapter or Essay. † (2006). Eccleston, R, Williams, P. & Hollander, R. (Eds. ). Foundations of Australian Politics. Pearson Education, Sydney. Marsh, I. 2000, â€Å"Gaps in Policy-making capacities; interest groups, social movements, think tanks and the media. † in M. Keating, J. Wanna & P. Weller (eds. ) Institutions on the Edge: Capacity for Governance. Allen & Unwin, St Leonard’s. Parkin, A, Summers, J. & Woodward, D. (eds. ) 2006, Government, Politics, Power and Policy in Australia, (8th ed. ) Pearson, French’s Forest. Chapter 17. Singleton, G et al. 2006, Interest Groups’ in Australian Political Institutions. 8th edn. Pearson, French’s Forest.. Ward, I. & R. G. Stewart. 2006, Ch. 12, ‘Pressure Groups and Social Movements’ in Politics One, 3rd edn. , Palgrave. Macmillan, South Yarra. Weitzel, P. 2004, â€Å"Joining with non-media organization can help win access battle. † The Quill. vol. 92, no 7, pp 20-21.

EQUITY AND TRUST (LAW) Case Study Example | Topics and Well Written Essays - 1500 words

EQUITY AND TRUST (LAW) - Case Study Example The law requires that a trustee exercises the same degree of diligence that a man of ordinary prudence would exercise in the management of his affairs. In this report we shall examine the role of the trustees and the standard care he is required to take in some specific instances and also the reasons for the difference in the standards of care in such instances in the light of established case laws and the provisions of the Trustee Act 2000. " As a general rule, a trustee sufficiently discharges his duty if he takes, in managing he trust affairs, all those precautions which an ordinary prudent man of business would take in managing similar affairs of his own"- this was the court ruling in the appeal case of Speight v. Gaunt as early as in the year 1883. According to this settled law the standard care that a trustee is expected to take is limited to the extent that the trustee takes all precautions in administering the trust assets by taking such care which an ordinary prudent man of business would be taking in his own case. The trustee is exonerated from his liability so long as he proves that he has strictly followed the covenants of the trust deed and there is no willful deviation from the purposes for which the trust properties were put to use. The trustee is not expected to use any special skill or expertise with regard to the investment of the trust properties. As has been decided in the case of Fales v. Canada Per manent Trust Co.(1977) 2 SCR 302 "that of a man of ordinary prudence in managing his own affairs and traditionally the standard has been applied equally to professional and non-professional trustees. The standard has been of general application and objective". Hence traditionally there had been no distinction between professional and non professional trustees in the matter of deciding on the standard care to be exercised by the trustees with regard to the trust properties. This was the legal position at a time when the investment opportunities that were available for the trust properties were limited and hence there was no major problem encountered with the administration of the trust properties. However with the passage of time the possible avenues for investments had increased and this has created additional responsibilities for the trustees to consider the portfolios or assets in which they contemplate to invest the trust properties and decide whether the properties would be safe in such investments. Case of Learoyd v. Whiteley (1887) 12 App. Cas.727: "When the trustee serves both a life tenant and a remainderman beneficiary, the trustee must invest impartially and balance the preservation of the property for the remainderman with the need to produce a reasonable income for the life tenant"- this was the observation made in the case of Learoyd v. Whitely (1887) as regards the fiduciary position of the trustees. This ruling altered the degree of the standard care to be exercised by the trustees in that the responsibility of the trustee is extended to ensure that the safety of the investments is also taken into account while investing the trust property, so that the capital is not eroded. The argument of reliance by the trustee on a third person supposed to be an expert on the investments of the sort covered by the case will not exonerate the trustee from his fiduciary liability to the

Business law Essay Example | Topics and Well Written Essays - 500 words - 25

Business law - Essay Example Days earlier, Ander took his car to Bob’s Repair Shop for lubrication and even though Bob noted a problem with a pin in the brake system, he did not inform Andrew of the same. Negligence involves a breach of care that a party owes to others, occurrence of which leads to a legal damage. The plaintiff needs to prove existence of a duty of care, which might also be evident per se or might be considered under tradition, breach of the duty of care, and occurrence of the damage. There must also be proof of causation that is based on the defendant’s ability to foresee the ultimate danger. Identifying the elements establishes the plaintiff’s legal right in a negligence case. The doctrine of foreseeability also identifies proximate cause to the effect that a defendant may not be the immediate cause of the event into harm but still bears responsibility. The case of Tyson Foods v Cuzman explains this (Twomey and Jennings 178). Failure to warn of dangers in usage or of dangers of misuse also induces liability, as long as the danger is not trivial (Beatty and Samuelson 488). In the case, Andrew owed a duty of care to other road uses but he breached the duty because of over speeding at a location with pedestrians. In addition, Andrew had coffee as he was driving and allowing spilled coffee to divert his attention, meaning that he disregarded interest of other road users, identifies breach of the duty of care into Peter’s injury. The doctrine of proximate causes and responsibility due to failure to warn also induces Bob’s breach of duty of care to people who could be affected by the Andrew’s car. Andrew and Bob had a duty of care to road users that they breached and that led to Peter’s injury. Consequently, Peter has a legal right to compensation due to negligent tort, against both parties. The compensation may relate to