Essays on Thrift

The ‘paradox of thrift,’ in essence, is the concept in which people inherently value being thrifty during economic recessions in order to not overspend, but this paradoxically leads to lower economic growth because people are spending less (Krugman, 2009). It is an important attribute to Keynesian economics, and it essentially calls into question the inherent virtue of saving as an overall good. When we have less money to spend, it is thought to be a good idea to avoid overspending and save money, since you need to save it for more important things. However, if enough people do that ...

Introduction

The human resource department is considered responsible for setting the cultural tone of a company. They issue policies and raise awareness of the current workplace legislation and educate employees on the right way to discharge their duties. HR is also responsible for attracting and retaining high-quality professionals. Obviously, the workplace will lose its savor without the important role of the HR department. In today’s workplace, soft capitalism has been effectively wielded by the organization as an invaluable human resource management tool. Soft capitalism as opposed to hard capitalism is employee centric and has a strong relationship with emotional ...

1. The Financial Crisis: Avoidable but Inevitable Theoretically, the financial crisis could have been avoided as investigation findings revealed . Under the circumstances however, the crisis was an inevitable consequence of everything that was going. The Federal inquiry concluded that the 2008 financial crisis could have been avoided. The crisis was the result of “widespread failures in government regulation, corporate mismanagement and heedless risk-taking by Wall Street”. It was the result of “greed, ineptitude or both” on the part of government and the private sector. Among the persons found responsible for the crisis included Federal Reserve Chairman Alan Greenspan and, ...

The Savings and Loan Crisis, or commonly known as S&L, is termed as one of the largest financial crisis in the United States history. The crisis began in the late 1970s, and its impacts on the economy were felt in the 1980s and ended in the early 1990s. Various sources have indicated the causes of the S&L crises. Some of the documented reasons include high and volatile interest rates during the period, the phase-out and its elimination, negative regional economic conditions, and federal and state deregulation of depository institutions. Other reasons include deregulation of the thrift industry, declining regulatory ...

The Savings and Loan Crisis, or commonly known as S&L, is termed as one of the largest financial crisis in the United States history. The crisis began in the late 1970s, and it impacts on the economy was felt in the 1980s and ended in the early 1990s. Various sources have indicated the causes of the S&L crises. Some of the documented reasons include high and volatile interest rates during the period, the phase-out and its elimination, negative regional economic conditions, and federal and state deregulation of depository institutions. Other reasons include deregulation of the thrift industry, declining regulatory ...

History

The Great Depression of 1930s has played a very important role in changing views of Americans regarding labor and unions. There were many people employed, but after elections of the year 1932, the focus of government and courts shifted towards pleasing the labor. In the year 1935, National labor Act was passed. This act is also known as Wagner Act, which justified the rights of labor or workers for changing their representatives in democratic manner and gives right of bargaining collectively with employees. This act has ensured protection of labors from injury and interruptions by removing unrest from the ...

Keynesian Prescription To Fix Insufficient Aggregate Demand

Why Keynesians Believe That The Economy Is Demand-Driven The most important plank in all of Keynes´s economic theories is the belief that aggregate demand is the primary determinant of the health of an economy (Jahan, Mahmud, & Papageorgiou, 2014). Keynes disagreed with Say´s Law – which was largely considered demand.¨ Keynes on the other hand believed the exact opposite to be true. Namely that demand drives production. He believed that economies are composed of aggregate demand which are caused by an aggregate amount of spending. Therefore when people spend an insufficient amount of money unemployment will occur (Keynesian Economics ...

Rationale for choosing Malaysia

Malaysia, apart from being a multi-cultural and pluralistic country, is a great tourism destination. The capital, Kuala Lumpur, is where every other tourist dreams of visiting. Thus, the main reason for choosing Malaysia for this study was due to personal reasons when visiting the country. As part of the major plan, visiting Malaysia during holiday and especially during honeymoon is the basis of this selection. Apart from the excitement of interacting with a mixture of cultures and religions, there will be a lot of learning during the tour. Hence, before visiting the country, it is crucial to conduct a ...

Introduction

Ethics and morality are extremely essential in every business. This is foremost objective to build businesses upon well-established business ethics and principles. However, it has been well noted that businesses in the contemporary global economy face some central ethical challenges (Jones, Parker, and Bos, 2005). To understand the nature of the ethical challenges faced by businesses and how to deal with them, it is imperative to understand the meanings and significance of some ethical and moral concepts. Morality is the set of established norms and values that are considered and portrayed as good and right within a given socio-cultural ...

Introduction

Unsustainable corporations simply do not last when they encounter economic, social, and ecological boundaries that dictate what is acceptable or possible. However, switching or creating the sustainable enterprises is quite difficult. Therefore, it is fascinating to witness how new company policies, unrestrained by old habits and vested interests, perform under the challenging circumstances. The incoherent changes in the society today are termed as the New Economy that has risen since the late 90s. The high employment, low inflation, and high growth introduced by the period have led to flawed business plans and excessively optimistic forecasts. This article structures an ...

The late 1970s and especially 1980s were years of major market changes in response to new deregulation policies. The presidency of Richard M. Nixon and afterwards of Ronald Regan was an era of federal government permissiveness and abandonment or relaxation of several laws. It was thought that turning the focus away from laws and regulations would create a motivation for competitiveness, thus bringing higher productivity, efficiency and lower prices.

Deregulation affected a broad spectrum of industries and markets like airline, railroad, telecommunications and banking. All these businesses were hugely affected by the new deregulation policies, but most of all the monetary ...

The interconnectivity between the world’s largest stock markets is based on the world’s interdependent global economy. No longer does one country exist without interaction with other countries. No longer are countries isolated from each other. Instead, countries rely on each other for everything from raw materials to the production of goods and services. This interdependence is reflected in the stock market and other facets of counties economic systems.

I believe that Japan has the most influence on the United States’ stock market. The correlation between Japan and the United States’ high market movements is high at most ...

Money is an economic igniter that has a powerful effect on spending and saving. Money makes economic transaction more efficient, therefore individual are better off with the money than without it. Therefore, from my personal perspective, I think am better off saving money than spending. This is so because I believe saving money is making money. For instance, last year I made around 11,000, I have 6,500 in savings and I spent the rest at the age of 20. I saved more money in order to secure a better future. Spending money is a daily routine because we have to ...

According to Hadley & Harris (2014), the Internal Revenue Service (IRS) issued supplementary final and temporary regulations that can be found in T.D. 9657 under the Foreign Account Tax Compliance Act of 2009, or “FATCA”, including new regulations that can be found in T.D. 9658. These new rules and regulations have modified the international withholding, as well as the backup withholding and the rules on reporting of information which are applicable beyond the scope of FATCA (Hadley & Harris, 2014). As a general rule under the FATCA, the American withholding agents are mandated to withhold tax on specific payments to the ...

Great Value Thrift Store

The external customers of Great Value Thrift Store are the consumers. The efforts that the organization puts forth through social media to improve the customer service relationship include the usage of online medium and social networking for building customer relationships (McKee, 2012). In case of using the online medium it is important that the target market segment be tech savvy. The target market is a mix of corporate firms and individuals. It is essential that the targeting of the markets is based on their needs and identifying the most suitable technologies for these market segments (Samiee & Roth, 1992). Technology has a ...

When starting a business, financing is a significant decision. The types of financing available will largely depend upon of where the company falls in store life cycle. In developing the financial plan for Great Value Thrift Store, the entrepreneurs will be required to start at ground zero in order to develop their concepts into realities (Anonymous, 2010). The goal is to get the store open any way possible and it requires creativity and persistence. It is vital to be open to alternative sources such as angels, customers, family and friends to assist finance the store (Copeland, 2006). Traditional resources such as ...

During the time when the careers of writers like Edith Wharton and Charlotte Perkins Gilman were flourishing, unemployment had also been growing and the working-class was getting larger and larger. Thus, the works of both Wharton and Charlotte often featured working-class characters. However, the question is: To what extent was their depiction of the working-class American society in their respective works and how were they different? In her works, Edith Wharton tends to purposely make the lifestyles of the American working classes seem like a fixation so that social inequality is seen as natural and normal. Apparently, she has ...

Since time immemorial, the existence of financial crises has had profound effects on the overall economy. In particular, consumption of individuals has been the most affected during times of such crises. My paper discusses the consumption habits of developed societies during the period when they experience a financial crisis. The way that developed countries handle a crisis varies. While some nations may favor austerity measures, others may opt for more investments by the national government. It is of interest to me to analyze what takes place at the household level. The need for research on the lowest level of household consumption ...

Athletes and Drugs

The author, George Orwell, once said, “Serious sport has nothing to do with fair play. It is bound up with hatred, jealousy, boastfulness, disregard of all rules and sadistic pleasure in witnessing violence. In other words, it is war minus the shooting.” (Tribune, 1945) In the world of sports, many athletes look upon victory as their only possible option, too, resorting to unethical behaviors just to be crowned champion. Lance Armstrong was born on September 18, 1971 in Plano, Texas, near Dallas. He was athletic from an early age, running and swimming at 10 years old, and competing ...

Introduction

The DEOMI is the acronym for Defense Equal Opportunity Management Institute that is a conglomeration of military services school with a base in Patrick Airbase in Florida. The institution offers off-site courses with emphasis on equal opportunity, intercultural communication, and gender, ethnic, racial and pluralism both civilians and military personnel working with the American armed forces. DEOMI was founded in 1991 as a response to the Civil Rights Movements of 1960s. Initially, the institution carried the name Defense Race Relations Institute. It was set up to find mechanism of solving the racial problems that bombarded the armed forces of the United States. ...

There are many elements of romance in Gaiman’s short story ‘Chivalry’. The author uses most of the basic techniques of creating a romantic situation, for example there is Sir Galaad’s quest to find the Holy Grail, and then there is the presence of Sir Galaad himself which means that being a knight his character is one that is generally associated with romance and also there is the presence of magic in the gifts which the young knight bears Mrs. Whitaker and the magic lamp of Aladdin which the old lady spots in the thrift shop in the ending scene. ...

Justification

In this region, passion for various sporting assortment has been marked by an increasing demand. With the recent research showing that retired aged people are prone to various complication due to inadequate sporting activities, the need for sporting has continually increased triggering an upsurge in the sporting gear. Moreover, there are those customers that can hardly be able to purchase a new sporting cloth from the sport stores hence this outlet provides them with an opportunity to enjoy sporting activities while ensuring that they can afford cheap and as good as new sporting garments. With this sharing need, this region ...

The psychology of shopping has become an urgently discussed issue by the present time. Even a new science, called neuromarketing, studying various consumers’ responses to marketing stimuli has appeared. Though its researches benefit mostly people, whose business is connected with marketing, it may also provide some important and interesting information to the overage customers, letting them to understand some irrational reactions which make them want to buy things, which they do not really need. And people not only make ridiculous purchases they can hardly explain afterwards; sometimes even starting shopping turns out to be unnecessary. “After a moment’s thought most ...