Fiscal Polocy Essays - Monetary Economics, Monetary Policy

Fiscal Polocy The Monetary and Fiscal Policies, although controlled by two different organizations, are the ways that our economy is kept under control. Both policies have their strengths and weaknesses, some situations favoring use of both policies, but most of the time, only one is necessary. The monetary policy is the act of regulating the money supply by the Federal Reserve Board of Governors, currently headed by Alan Greenspan. One of the main responsibilities of the Federal Reserve System is to regulate the money supply so as to keep production, prices, and employment stable. The Fed has three tools to manipulate the money supply. They are the reserve requirement, open market operations, and the discount rate. The most powerful tool available is the reserve requirement. The reserve requirement is the percentage of money that the bank is not allowed to loan out. If it is lowered, banks are required to keep less money, and so more money is put out into circulation (theoretically). If it is raised, then banks may have to collect on some loans to meet the new reserve requirement. The tool known as open market operations influences money and credit operations by buying and selling of government securities on the open market. This is used to control overall money supply. If the Fed believes there is not enough money in circulation, then they will buy the securities from member banks. If the Fed believes there is too much money in the economy, they will sell the securities back to the banks. Because it is easier to make gradual changes in the supply of money, open market operations are use more regularly than monetary policy. When member banks want to raise money, they can borrow from Federal Reserve Banks. Just like other loans, there is an interest rate, or a discount rate, the third tool of the monetary policy. If the discount rate is high, then fewer banks will be inclined to borrow, and if it is low, more banks will (theoretically) borrow from the reserve banks. The discount rate is not used as frequently as it was in the past, but it does serve as an indicator to private bankers of the intentions of the Fed to constrict or enlarge the money supply. The monetary policy is a good way to influence the money supply, but it does have its weaknesses. One weakness is that tight money policy works better that loose money policy. Tight money works on bringing money in to stop circulation, but for loose policy to really work, people have to want loans and want to spend money. Another problem is monetary velocity. The number of times per year a dollar changes hands for goods and services is completely independent of the money supply, and can sometimes contradict the efforts of the Fed. The benefits of the monetary system are that it can be enacted immediately with quick results. There are no delays from congress. Second, the Fed uses partisan politics, and so has no ties to any political party, but acts in the best interests of the U.S. Economy. The second way to influence the money supply lies in the hands of the government with the Fiscal Policy. The fiscal policy consists of two main tools. The changing of tax rates, and changing government spending. The main point of fiscal policy is to keep the surplus/deficit swings in the economy to a minimum by reducing inflation and recession. A change in tax rates is usually implemented when inflation is unusually high, and there is a recession with high unemployment. With high inflation, taxes are increased so people have less to spend, thus reducing demand and inflation. During a recession with high unemployment, taxes are lowered to give more people money to spend and thus increasing demand for goods and services, and the economy begins to revive. A change in government spending has a stronger effect on the economy than a change in tax rates. When the government decides to fight a recession it can spend a large amount of money on goods and services, all of which is released into the economy. Despite the effectiveness of the Fiscal policy, it does have drawbacks. The major

The Invention of Clothing

The Invention of Clothing It is not certain when people first started wearing clothes, however, anthropologists estimate that it was somewhere between 100,000 and 500,000 years ago. The first clothes were made from natural elements: animal skin, fur, grass, leaves, bone, and shells. Garments were often draped or tied; however, simple needles made out of animal bone provide evidence of sewn leather and fur garments from at least 30,000 years ago. When settled neolithic cultures discovered the advantages of woven fibers over animal hides, the making of cloth, drawing on basketry techniques, emerged as one of humankinds fundamental technologies. Hand and hand with the history of clothing goes the history of textiles. Humans had to invent weaving, spinning, tools, and the other techniques needed to be able to make the fabrics used for clothing. Ready-Made Clothing Before sewing machines, nearly all clothing was local and hand-sewn, there were tailors and seamstresses in most towns that could make individual items of clothing for customers. After the sewing machine was invented, the ready-made clothing industry took off. The Many Functions of Clothes Clothing serves many purposes: it can help protect us from various types of weather, and can improve safety during hazardous activities such as  hiking  and cooking. It protects the wearer from rough surfaces, rash-causing plants,  insect  bites, splinters,  thorns and prickles  by providing a barrier between the skin and the environment. Clothes can insulate against cold or heat. They can also provide a  hygienic  barrier, keeping infectious and toxic materials away from the body. Clothing also provides protection from harmful  UV radiation. The most obvious function of clothing is to improve the comfort of the wearer, by protecting the wearer from the elements. In hot climates, clothing provides protection from  sunburn  or  wind  damage, while in cold climates its thermal insulation properties are generally more important. Shelter usually reduces the functional need for clothing. For example,  coats,  hats,  gloves, and other superficial layers are normally removed when entering a warm home, particularly if one is residing or sleeping there. Similarly, clothing has seasonal and regional aspects, so that thinner materials and fewer layers of clothing are generally worn in warmer seasons and regions than in colder ones. Clothing performs a range of social and  cultural  functions, such as individual, occupational and sexual differentiation, and social status. In many societies, norms about clothing reflect standards of  modesty,  religion,  gender, and  social status. Clothing may also function as a form of adornment and an expression of personal taste or style. Some clothing protects from specific  environmental  hazards, such as  insects, noxious chemicals, weather,  weapons, and contact with abrasive substances. Conversely, clothing may protect the environment from the clothing  wearer, as with doctors wearing  medical scrubs.

Why people are obsessed with their appearance Essay

Why people are obsessed with their appearance - Essay Example The appearance need not be lavish for all occasions but at least pleasant. Women generally tend to be give more importance to their appearance than men – this is because they are the fairer sex and it comes naturally for them. Men tend to focus on such things as fitness, body building etc. But one strong motivation for both genders is to be attractive to the opposite sex. Apart from appearance being helpful in attracting partners, it also helps establish status among peers. A good dressing sense and a well-kempt appearance will help gain respect among peers (provided, of course, that the individual's behavior is in line with his/her sophisticated outward appearance) What aids and facilitates this obsession is the multi-billion dollar advertising industry which repeatedly projects images of beauty and attractiveness (which are to a degree subjective) onto our television screens, newspaper columns and billboards. It is fair to say that the advertising industry is obsessed with s elling products (useful or not) to people (who want it not) in the guise of projecting them as essential commodities. Popular culture outlets such as Hollywood and Television also plays a part, in that, many ageing movie and TV stars resort to plastic surgery to revive their looks. Fans of the these stars then follow suit. But, in the final analysis, outward appearance cannot compensate for flaws of the personality.

Radiation safety Essay Example | Topics and Well Written Essays - 1000 words

Radiation safety - Essay Example For this reason, the Australian government has developed, implemented and enforced certain laws and regulations that guide behavior during the performance of duties. The medical field has particularly been given preference because procedural implications have a direct influence on the life of the patient. This paper evaluates the ‘RADIATION SAFETY ACT OF 1975-1999’. Specifically, it details the aspect of patient safety and measures that have been undertaken to ensure that this is upheld at all times. Undoubtedly, the Act has a very strong relationship with the medical imaging field and therefore influences related mannerisms and decisions. RADIATION SAFETY ACT 1975-1999 The Act addresses different issues related to the field of radiology in general concepts without placing particular emphasis on a specific field. It has five different parts that are further subdivided into various sections. Perhaps the most interesting faction pertains to part III named ‘RADIATION SAFETY GENERAL REGULATIONS’. In particular, section 19A addresses issues pertaining to abnormal or unplanned radiation exposure. In this respect, the Act acknowledges that patients, medical practitioners and visitors are all vulnerable to the exposure of radioactivity (UN 2000, p. 68). Besides detailing various forms through which the unplanned exposure occurs, the Act underscores that measures that need to be undertaken to protect the patients from the effects of the dangerous radiation. In their comprehensive review, Strom and Watson (2002, P. 375) indicate that during the radio therapeutic procedure, the lowest dose should be given to the patient. In this respect, it should be acknowledged that there are different doses that are received by the patient during the procedure. In particular, there are doses directed at the affected organ and there are other doses that reach the organs adjacent to this particular organ. Arguably, the organ that requires medical attention needs to receive the sufficient dose for optimal outcomes (Radiation protection in Nuclear Medicare, 2008). Thus if the radiation to that particular tissue is insufficient, the level of effectiveness of the procedure would be reduced significantly. On the other hand, measures need to be undertaken to ensure that doses reaching other issues are minimal. Also worth acknowledging for their contribution to patient safety during the procedure are the operational and design consideration. In his informative research, Bossuyt (2003, p. 8) asserts that the entire system and equipment need to be well positioned to ensure that the doses produced are sufficient, relevant and effective. For this reason, it is imperatively important to ensure that the equipment is in good condition to prevent incidences of leakages as well as accidental overdoses. In essence, the design as well as usage of the relative equipment needs to aim at preventing maladministration of the particular radiation doses because th e cases have serious consequences (European Commission, 1998, p. 71). Another measure that has contributed significantly to the protection of patients entails the calibration of the particular radiotherapy equipment employed during the procedure (Radiation Protection in Radiotherapy, 2008). In this regard, calibration as well as testing of the performance of the equipment needs

Culture, Technology & Ware Essay Example | Topics and Well Written Essays - 500 words

Culture, Technology & Ware - Essay Example This war led to a division in America. Political and ideological thinking of Americans were also defined by this war. According to Bourque (2010), â€Å"for political and ideological reasons, many today  do  identify all who  willingly engage in sympathy for the Confederate cause,  such as supporting the flying of the Confederate flag, to be engaged in an insult to the United States, an insult to African-Americans, an insult to the human race, an insult to civilized values, close to seditious activity, and close to hate crimes activity.† How people view and think today, can be said to have been rooted to their history. There are many benefits and consequences of wars. One of the most significant effects of wars is its influence to economic institutions and trade patterns (Goldstein, n.d.). War also influenced technological developments. But the despite these influences, chronic wars has drained wealth, disrupted markets and depressed economic growths as well as multiple deaths(Goldstein, n.d.). Across time, changes in the art of war and weaponry occur. Technological advancement often follows necessity in military. According to Professor Goldstein (n.d.), â€Å"governments can coordinate research and development to produce technologies for war that also sometimes find civilian uses (such as radar in World War II).† Developments in communications technology, surveillance, and target acquisitions systems help improve the means of command and control of the military (Anand, n.d). As of right now, we have new advances in biotechnology and nano-technology which have great impact on human health. The conduct in warfare is changing over time. These advances in technology changed the processes in our military and the efficiency of doing their responsibilities. Future warfare may utilize advanced technology and weaponry. Because of these developments, it is just very easy to start a war between one place and

Examining The Computer History Of Microsoft Information Technology Essay

Examining The Computer History Of Microsoft Information Technology Essay Bill Gates is one of the richest people in the world. The way he made his money is by developing technology. He and Paul Allen were the two people who founded Microsoft. But before they founded Microsoft, they worked on the IBM-PC model 5150 and gave IBM a one the PC-DOS operating system for a onetime fee of 50,000 dollars. But they had to make a deal with Seattle Computer Products in order to get this operating system. Then in 1985, with the help of IBM, Gates produced the first retail version on Windows, which was called OS/2. After in 1991 Gates said that the OS/2 partnership was over and he would start working on Windows NT. Windows NT was released in 1993, this version was the first 32-bit version on Windows. From that point on, he helped create multiple other operating systems like windows 95 which introduced the first novel start menu and the included the Internet Explorer internet browser. Later in 2000 Gates stepped down as C.E.O of Microsoft and remained as chairman of the board and chief software architect. In 2006, Gates openly stated that he had many a decision to devote his time more towards his charitable foundation. Gates is still the companys chairman. That is how Bill Gates has made of a contribution to technology. Who is this man? This man was the co-founder and current CEO of Apple Inc. Apple is the innovator of iPods, iPads, iPhones and Mac computers. Apple had other projects like the Apple I and Apple Lisa but they werent as successful. The Macintosh was introduced in 1984. This model included a mouse and a graphical user interface rather than the command-line interface. Apple also created the iPod which allowed people to listen to all their favourite music, and view all their favourite movies and pictures. When the iPod-touch was released it allowed people to do all that and surf the internet with a Wi-Fi connection and download tonnes of apps from the app store on the iPod-touch. The iPhone is the same thing as an iPod-touch but you can text and call people. The iPad is like the iPod-touch but it is larger and you can get 3G service on it. Therefore, I think Steve Jobs has made a significant contribution towards technology. http://en.wikipedia.org/wiki/Steve_Jobs http://en.wikipedia.org/wiki/IPod http://en.wikipedia.org/wiki/Graphical_user_interface http://www.woopidoo.com/biography/steve-jobs/ http://en.wikipedia.org/wiki/Apple_Inc. Magnetic Tape Magnetic Tape is something people use to record music or videos on. This tape was developed in Germany. Separately bought devices can play their music or videos on the Magnetic Tape. Examples of these devices would be VCRs and audio cassette players. The Magnetic Tape was intended to record music at first. This tape was original made by Valdemar Poulsen in 1898. He used iron oxide powder, coating a long strip of paper. But was it was further devolved by a German electronic company called AGE (Allgemeine Elektricitata-Gesellschaft) in 1933. AEG also manufactured the recording machines as well. Later on, people wanted to record video on the magnetic tape, so Ampex made a breakthrough innovation. They used a spinning recording head and a normal tape speeds to achieve a very high head to tape speed that could record and reproduce the high bandwidth. Later on, Sony devolved a helical scan and put it in the tape reels. Finally, these tapes are used for data storage. Some good examples woul d be Computers in 1951. Therefore I think the invention of magnetic tape has contributed to the development of technology greatly. http://en.wikipedia.org/wiki/Magnetic_tape http://www.wisegeek.com/what-is-magnetic-tape.htm http://www.wordiq.com/definition/Magnetic_tape Howard Aiken Howard Akien is the original conceptual designer of the Harvard Mark I computer made by IBM. This computer was built using 765,000 components and a lot of wiring. It was 16m in length and 2.4m in height. Also, it weighed over 4500 kg. This computer was made for calculations. It had 60 sets of 24 switches for entering numbers manually. Also, each number only could be 23 digits long. This machine could calculate 3 additions or subtractions in a second, while a multiplication took 6 seconds, a division taking 15.3. But trigonometric function took over a minute. The way that this computer got its information was from punched paper tape. Therefore, I believe that this computer made a great contribution to technology, as the base of our modern day calculator and computer languages were founded from this innovation. http://en.wikipedia.org/wiki/Howard_H._Aiken http://www.thocp.net/biographies/aiken_howard.html http://inventors.about.com/library/weekly/aa052198.htm Freddy Williams Freddy Williams is an English engineer. He and Tom Kilburn created the Williams or Williams-Kilburn tube, in 1947. This tube was made to store binary data. Each one of these tubes could hold around 512-1024 bits of data. The way this machine stored data was quite fascinating. There would be a cathode ray tube and dots would be drawn on it. The dot becomes positively charged and the area around became negatively charged for a brief moment. This energy could not be transferred and the energy would remain on the surface of the tube for a fraction of a second. This let the device act as the computer memory. The only way to erase a dot is by drawing another dot beside it. Once the memory is safe is when the computer reads the information. Therefore, I believe that this device made a significant contribution to technology because this device laid down the foundation of current day RAM to be developed. http://www.computer50.org/kgill/williams/williams.html http://en.wikipedia.org/wiki/Frederic_Calland_Williams http://en.wikipedia.org/wiki/Williams_tube EDSAC An EDSAC or an Electronic Delay Storage Automatic Calculator was a British computer. The EDSAC was made by Maurice Wilkes and his team at the University of Cambridge Mathematical Laboratory. This was the first practical stored-program computer. This computer uses mercury delay lines for memory. The memory has 1024 locations, while each location has 18 bits. The CPU can hold 71 bits. The only commands that this computer had were: to add, subtract, multiply, collate, shit left, shift right, load multiplier register, store, accumulator, condition skip, read input tape, print character, round accumulator, no-op and stop. The initial orders were hand written on a set of uniselector switches and from there they were loaded into the low words memory at start up. This was the worlds assembler. People say at that moment the global software industry started, people would prepare their programs by punching them on a paper tape. Soon after, the program will be able to be used at this time the pa per was hung on length of line strung up near the paper tape reader. Therefore, I believe that the EDSAC made an important contribution to programming. http://en.wikipedia.org/wiki/Electronic_Delay_Storage_Automatic_Calculator http://www.cl.cam.ac.uk/~mr10/Edsac/edsacposter.pdf http://wiki.answers.com/Q/What_are_the_uses_of_edsac Jacquard loom The Jacquard loom was invented by Joseph Marie Jacquard in 1801. This loom is controlled by punched cards. There are multiple holes punched in each card that make a design of the textile. The way that a hole is punched into the card is by the Bolus hook. Each hook is connected by a harness. These days Jacquards looms are controlled by computers and these computers can have thousands of hooks. The Jacquard loom was the first machine that had the ability to punch cards to control a sequence of operations. This helped the development of computer programming because now programmers didnt have to make their own holes; they could make holes using this loom. Also they could make the holes faster. In conclusion, the Jacquards loom helped the development of programming. http://www.thetapestryhouse.com/aboutproducts/jacquard-loom.html http://en.wikipedia.org/wiki/Jacquard_loom http://www.ideafinder.com/history/inventions/jacquard.htm The Machine That Changed the World Scavenger Hunt Using an internet search engine, find a WWW sites that contains the following statements: 1. Daughter of Lord Byron, mentored by Babbage, called by some the first programmer. Answer: Augusta Ada Lovelace URL: http://wiki.answers.com/ 2. Had a job to speed up the 1890 census and devised a punched-card machine. Answer: Herman Hollerith URL: http://wiki.answers.com/ 3. In 1924 Thomas J. Watson changed the companys name to this name. Answer: International Business Machines. URL: http://en.wikipedia.org/wiki/Thomas_J._Watson 4. A 1973 Federal Court ruling officially credited Dr. John V. Atanasoff with this invention. Answer: first automatic electronic digital computer URL: http://en.wikipedia.org/wiki/John_Vincent_Atanasoff 5. Probably the original mechanical counting device traced back 5,000 years. Answer: The abacus URL: http://www.kraza.itgo.com/html/computer_history.htm 6. This inventor, painter, and sculptor sketched ideas for a mechanical adding machine. Answer: Leonardo da Vinci.   URL: http://wiki.answers.com 7. Created a punched-card system to direct movements of needles, thread, and fabric. Answer: Joseph Jacquard URL: http://wiki.answers.com 8. Howard Aiken completed this electromechanical computer. Answer: The Mark I later making the Mark II Mark III URL: http://wiki.answers.com 9. Dr. John W. ? and Presper ? created the first fully operational electronic computer called ? (3 answers!) Answers: Mauchly and J presper Eckert created the ENIAC (electrical numerical integrator and calculator) URLs: http://inventors.about.com/library/inventors/bleniac.htm 10. IBM introduced the IBM Personal computer or PC in what year. Answer: August 1981 URL: http://www-03.ibm.com/ibm/history/exhibits/pc25/pc25_intro.html 11. Graphic images where each pixel is bit-mapped and take up more memory. Answer: Bitmap Graphic URL: http://wiki.answers.com 12. Graphic images defined by geometric shapes each of which can define the attributes of many pixels. These use less memory. Answer: Vector Graphics URL: http://wiki.answers.com 13. This professor of mathematics joined the Navy in 1943. She led a distinguished career which included developing software for the UNIVAC1. She led the effort to develop the a business language that eventually became COBOL. Answer: Grace Hopper URL: http://www.thocp.net/biographies/hopper_grace.html 14. This object-oriented version of C programming language is used to develop software for PCs such as Fractal Design Painter, Lotus 123, and games. Answer: C++ URL: http://wiki.answers.com 15. The term for communications between remote devices. Answer: Networking URL: http://wiki.answers.com

Employee Benefit Programs in the Information Technology Industry Essay

Individual Case Study Develop a case study that analyzes the competitive position of a business organization in a technologically-oriented industry. This case study should demonstrate an understanding of competitive forces and principles applicable to competitive environments, including Sun Tzu’s â€Å"Art of War† axioms. The case study should be 5-7 pages in length. â€Å"All men can see these tactics whereby I conquer, but what none can see is the strategy out of which victory is evolved. Sun Tzu â€Å"Can you imagine what I would do if I could do all I can?† Sun Tzu I work for Electronic Data Systems (EDS). "EDS is a global business and technology services company headquartered in Plano, Texas." Hewlett-Packard Co. reached a deal with EDS to acquire the company for $13.9 billion . On August 26, 2008, the deal was sealed and EDS was renamed EDS, an HP Company. After the normal paranoid questions were raised (possible layoffs, transfers, loss of pensions, etc.), everyone had questions about HP and Compaq computers. The first questions were, â€Å"What are we going to do with all of the Dell servers and computers? Are we going to get new HP workstations? And how can we get free computers, or at least reduced? These questions got me to research Employee Computer Purchase Plans with several other companies. Siemens AG is Europe's largest engineering conglomerate; it is one of the world’s largest communications, electronics and electrical engineering companies. Siemens' headquarters are located in Berlin and Munich, Germany. Siemens employs over 480,000 people in nearly 190 countries; their revenues were over 72.448 billion Euros in fiscal year 2007. The company has three main business sectors. These... ... It’s perfect. BIBLIOGRAPHY â€Å"Sun Tzu Qotes (2008). Retrieved September 10, 2008 from the BrainyQuote website: http://www.brainyquote.com/quotes/authors/s/sun_tzu.html â€Å"Electronic Data Systems† (2008). Retrieved September 11, 2008 from the Wikipedia website: http://en.wikipedia.org/wiki/Electronic_Data_Systems. Margaret E. Dobbin. (2008). â€Å"Open Text: The Content Experts†. Retrieved September 11, 2008, from Open Text Web siste: http://www.opentext.com/news/pr.html?id=123. Paul, Franklin (2008). "HP to buy EDS for $12.6 bln in challenge to IBM", Reuters, pp. 4. Retrieved on September 11, 2008, from the Reuter UK website: http://uk.reuters.com/article/companyNews/idUKN1230539620080514. (2008). â€Å"Fujitsu: The Possibilities are Infinite†. Retrived September 11, 2008, from the Fujitsu website: http://www.fujitsu.com/uk/

Patient confidentiality Essay

As a member of the health care team, one has to be equipped with not only the skills and the knowledge regarding one’s area of specialty, but most importantly on how to deal with the patients and their family members. There have been several studies that showed how substantial the impact of health care staff interaction is with the patient and the family members on the patient’s recovery and in the overall outcome of the patient’s health. In dealing with situations wherein the family member of the patient is speaking quite loudly and demanding answers, one can address the situation by answering the questions of the family member, but first to tell her to calm down and after which you will be able to understand and answer the questions. In addition to that, you can also remind her that the safety and prompt administration of care to her daughter is the priority, so to be able to get there, the x-rays have to be taken as soon as possible. Also, tell her, in the most respectful way, that the other patients are bothered by her and this will cause anxiety, not only to the other patients but to her daughter as well, so if she can still take a hold of herself and compose herself so the x-ray can take place. As a technician, it is also one’s duty to explain the method and the rationale behind the x-ray procedure to alleviate the sixteen-year-old’s anxiety. Also, it would be helpful if you will tell her that routine x-ray is needed by some people with certain disorders and as a requirement by employers in some institutions and that it does not cause illnesses for those who have their x-rays taken routinely, at most twice a year. Tell her that this procedure has helped diagnose what is wrong with people who have their bones injured and that this will help visualize what has gone wrong in her body.

Mechanical Properties of FRP Composites

Mechanical Properties of FRP Composites Fiber Reinforced Polymer (FRP) composites are used in a wide variety of applications. Their mechanical properties provide unique benefits to the product they are molded into. FRP composite materials possess superior mechanical properties including: Impact resistanceStrengthStiffnessFlexibilityAbility to carry loads When designing products out of FRP materials, engineers use sophisticated composite material software which calculates the known properties of given the composite. Typical tests used to measure the mechanical properties of FRP composites include: Shear stiffnessTensileFlexible ModulusImpact Components of FRP Composite Materials The two major components of an FRP composite material is resin and reinforcement. A cured thermosetting resin without any reinforcement is glass-like in nature and appearance, but often very brittle. By adding a reinforcing fiber such as carbon fiber, glass, or aramid, the properties are vastly improved. Additionally, with reinforcing fiber, a composite can have anisotropic properties. Meaning, the composite can be engineered to have different properties in different directions depending on the orientation of the fiber reinforcement. Aluminum, steel and other metals have isotropic properties, meaning, equal strength in all directions. A composite material, with anisotropic properties, can have additional reinforcement in the direction of stresses, and this can create more efficient structures at lighter weights. For example, a pultruded rod having all fiberglass reinforcement in the same parallel direction could have tensile strength upwards of 150,000 PSI. Whereas a rod with the same area of random chopped fiber would only have tensile strength around 15,000 PSI. Another difference between FRP composites and metals is the reaction to impact. When metals receive impact, they can yield or dent. While FRP composites have no yield point and will not dent.

Free Essays on Globalization Is Good For Mankind

Globalization is Good For Mankind Globalization holds huge potential and could be the answer to many of the world’s problems. Murray Weidenbaum argues that globalization benefits all countries that participate in world markets and can produce many opportunities. He believes that globalization has become a bad word and people oppose to it because they have developed their views from myths based on insufficient facts. The ten myths which he identified are: globalization costs jobs, the United States is an island of free trade in a world of protectionism, Americans are hurt by imports, U.S. companies are running away especially to low-cost areas overseas, American companies doing business overseas take advantage of local people (especially in poor countries) and pollute their environments, the trade deficit is hurting our economy and we should eliminate it, it’s not fair to run such large trade deficits with China or Japan, Sanctions and export controls work, trade agreements should be used to raise env ironmental and labor standards around the world, and America’s manufacturing base is eroding in the face of unfair global competition. Because it expands economic freedom and spurs competition, globalization raises the productivity and living standards of people in countries that open themselves to the global marketplace. In the first few myths, Weidenbaum analyzes the misconceptions made about globalization affecting jobs, trade, and imports. Yes, globalization costs jobs and kills small businesses and makes domestic businesses more competitive. However, globalization has given more job opportunities than the ones lost and also with better pay. Because of globalization, employment rates are up and unemployment rates are down. A nation open to free trade grows faster than a nation closed to free trade. Statistics show that open poor economies grows about twice as fast than open rich economies. Globalization is a way of giving c... Free Essays on Globalization Is Good For Mankind Free Essays on Globalization Is Good For Mankind Globalization is Good For Mankind Globalization holds huge potential and could be the answer to many of the world’s problems. Murray Weidenbaum argues that globalization benefits all countries that participate in world markets and can produce many opportunities. He believes that globalization has become a bad word and people oppose to it because they have developed their views from myths based on insufficient facts. The ten myths which he identified are: globalization costs jobs, the United States is an island of free trade in a world of protectionism, Americans are hurt by imports, U.S. companies are running away especially to low-cost areas overseas, American companies doing business overseas take advantage of local people (especially in poor countries) and pollute their environments, the trade deficit is hurting our economy and we should eliminate it, it’s not fair to run such large trade deficits with China or Japan, Sanctions and export controls work, trade agreements should be used to raise env ironmental and labor standards around the world, and America’s manufacturing base is eroding in the face of unfair global competition. Because it expands economic freedom and spurs competition, globalization raises the productivity and living standards of people in countries that open themselves to the global marketplace. In the first few myths, Weidenbaum analyzes the misconceptions made about globalization affecting jobs, trade, and imports. Yes, globalization costs jobs and kills small businesses and makes domestic businesses more competitive. However, globalization has given more job opportunities than the ones lost and also with better pay. Because of globalization, employment rates are up and unemployment rates are down. A nation open to free trade grows faster than a nation closed to free trade. Statistics show that open poor economies grows about twice as fast than open rich economies. Globalization is a way of giving c...

A Study on Total Quality Management and Lean Manufacturing Assignment - 1

A Study on Total Quality Management and Lean Manufacturing - Assignment Example These include quality control measures, selecting the best machines for production, maintaining higher levels of security, being potent in project management and proper maintenance of tools and equipments among other strategies. This paper addresses the case evaluation of Toyota and Total quality management by looking at the TQM methodologies and tools, some of the steps that were required in developing TQM at Toyota, how it was implemented at the company, how it worked, TQM criticism and finally how the company responded to the new plan of management. Total Quality management (TQM) is a management structure that mainly intends at improving production standards by using the already existing organs, for example, quality control (Besterfield, 2011). It is organized into four levels; Plan, Do, Check and Act, which is commonly abbreviated as PDCA. At the first level, Plan, there is identification of an issue, could be a challenge or a problem with all the relevant information concerning it not leaving out the problem,s main cause. It then develops further to the Do level where possible solutions are looked into. These further progresses into checking where the concerned parties do data comparison before it moves to the final stage where recommendations to the problems are done (Rawlins, 2008). Toyota motors is one of the companies that has successfully implemented Total Quality Management to ensure high quality products that serves their clients with contentment hence leading to success of the company, including the success of the soc iety. These refer to an accurate system used to justify a state of event or situation, which can be used in data analysis and, in turn, lead to accurate decision-making. Some of the tools and methodologies that are employed by TQM are the management tools, quality control tools and the improvement cycle, which is commonly referred to as PDCA (Besterfield, 2011). In ensuring that the production level at Toyota

The Investor Life Cycle of ZipCar, Facebook, and Dunkin Doughnuts Coursework

The Investor Life Cycle of ZipCar, Facebook, and Dunkin Doughnuts - Coursework Example Zipcar, Facebook and Dunkin Doughnuts are companies operating in different industries, and therefore attract different investors in varying stages of the Investor Life Cycle. The four-stage investor life cycle includes the following: accumulation, consolidation, spending, and gifting. According to Hartung (2014), the growth of social networking giant on the back of increasing demand for social media would make the company’s stock idea for the individual who intends to accumulate. The basic notion behind this stage in the investor life cycle is that investors seek to aggressive growth for the future hence this is a fit beyond doubt. On the other hand, Krantz (2014) opines that Dunkin Doughnuts is a stable prospect for the future. Therefore its stocks fit perfectly within the second stage, as that stage typically asserts that an investor would be inclined to who perceive retirement planning as more vital, and hence, these stocks would fit perfectly into their bill. Zipcar’s continued dwindling fortunes in the market and recent mergers news would make its stock a perfect bill for an investor within the investor’s life cycle known as gifting (Savitz, 2013). In this phase, investors are more prone to have assets remaining at the end of their lives, but they focus more on estate planning. According to Burton (2013), calendar effects have emerged as a vital aspect of behavioral finance amongst present investors in the country. Calendar Effects implies that people analyze specific dates and periods in which stock prices to rise. This is absurd, but Wall Street research over the few years has validated this claim.