Case 10.1. Electrolux company Essay Example | Topics and Well Written Essays - 500 words

Case 10.1. Electrolux company - Essay Example What the company did to make this tremendous turn-around is instead of letting each of the departments, like marketing and design, work independently from one another on the same project, they came together and worked as a team. This allowed for stronger visions for a product and newer insight on what different demographics would be looking for in a product. Essentially, the company had stereotyped a person, like â€Å"Catherin,† and became that person to get a feel for what they would want out of a product. Then long and behold, you have the Breeze. This concept proved to be successful for the company. They have other competitors out there that are striving to make the best appliances, and these are companies that have been around a lot longer, like Whirlpool, yet they still have an appeal that the consumers are drawn too. What allowed them to have this advantage is that they pulled the design people to help make the product look appealing in with the engineers of the product who are producing a product that is easy to use yet very effective and different from what is already available, and they had the marketing team there who could help find the best way to get the product sold.

The comperison of BNY Mellon and Barclay's bank Research Paper

The comperison of BNY Mellon and Barclay's bank - Research Paper Example 3 Introduction 4 Strengths and Weaknesses of the banks 4 Profitability of the bank over a span of 5 years 5 Mission and vision of the banks 6 Bank’s Financial Position 8 Projected Profitability of the banks 9 Conclusion 11 The above paper held a comparison between the financial states of BNY Mellon and Barclay’s bank with an aim of examining the extent to which each of them could withstand the brunt of the financial crisis and the way that they are prepared in meeting any such crises in future. The paper tried to assess their profitability and financial positions and found the degree of resilience of Barclay’s to be far higher than that of BNY Mellon. However, as far as their investment in assets are concerned, that of BNY Mellon is found to be in a better position than that of its peer. 11 References 11 Abstract The present paper aims at examining the financial positions of two leading banks namely, BNY Mellon and Barclay’s Plc through a close investigati on of their respective financial ratios. Moreover, the paper targets at evaluating the strengths and weaknesses as well as the mission and vision of both banks. ... Both banks faced the brunt of the crisis which was reflected in their respective key financial ratios. The crisis had mainly been the outcome of poorly framed monetary policies which implemented a fall in the rate of interest initially and followed it by a sudden hike in the same. This fickle mindedness took a toll over the financial state of the economy and exposed the frail fundamentals of many of its financial houses. However, the intrinsic strength of many of them were also displayed which prevented these institutions from being fully victimized by the crisis. The present paper tries to draw a comparison between the features which characterize Bank of New York Mellon (BK) and Barclays Bank (BCLYF) on the basis of their respective financial figures over the last 5 years (2006-2010). A close examination into the historical key ratio values can possibly deduce the errors committed and precision adhered to by these banks, which determined the degree of their sustenance. Moreover, it also attempts to figure out the profitability of these banks provided fluctuations in the Fed rate. As the view portrayed by any organization is highly important while assessing its strengths and weaknesses, they too would be inspected though the format of the entire paper will be of a comparative nature. Strengths and Weaknesses of the banks Bank of New York Mellon Total assets of the bank used to consist mostly of fixed assets rather than current assets initially although this factor had been improving over time, implying that the bank’s liquidity position is improving over time. Moreover, the bank’s assets in comparison to its total liabilities are also improving over time. Its increasing reliability on equity financing is also remarkable which promises of the

Summary Industrial Organization Essay Example for Free

Summary Industrial Organization Essay A perfectly competitive industry has 6 main characteristics: 1) large number of buyers and sellers 2) producers and consumers have perfect knowledge 3) the products sold by firms are identical 4) firms act independently and aim at maximizing profits 5) no entry or exit barriers 6) firms can sell as much output as they want at the current market price NEOCALSSICAL THEORY: Static conception, focus on long-run According to Schumpeter and the Austrian School, the fact that a firm earns an abnormal profit (monopoly) profit does not constitute evidence that the firm is guilty of abusing its market(monopoly) power at the expense of consumer: entrepreneur, creative destruction monopoly status is only a temporary phenomenon competition is a dynamic process Disequilibrium reflects imperfect information or ignorance on the part of buyers and sellers!! Structure-Conduct-Performance (SCP) Paradigm Structure is the central element. It influences conduct which in turn has an effect on the performance STRUCTURE Number and size of firms, entry conditions, product differentiation, vertical integration, diversification; fixed int he short-run CONDUCT Business objectives, pricing, design and branding, advertising and marketing, RD, collusion, merger; refers to the behaviour of a firm PERFORMANCE Profitability, growth, quality of products and services, technological service, productive and allocative efficiency; Chicago School about abnormal profit: causes may be cost advantage and superior efficiency STUDY CASE: EUROPEAN BANKING To prevent from damaging implications for consumer welfare, there can be interventions of the government. The government policy is regulatory intervention to promote competition and prevent abuses of market power preventing a horizontal merger, break up of a large incumbent producer price controls, punishment of unlawful collusions The Chicago School is a group of prominent academic lawyers and economists, whose promarket, pro-competition and anti-government views were perhaps of their most influencial during the 1970’s and 80’s Critics of the SCP Paradigm the theory does not always specify precise relationships between S, C, P variables it is often difficult to decide which variables belong to which category performance is only some measure of the degree of success in achieving desired goals the definition of market or industry structure has a number of dimensions danger of overemphasizing the role of concentration little comprehensive information is available on more subtle aspects of market structure and essentially no systematic data aside from accounting profit rates is available on conduct and performance relationships are oftein quite weak in terms of statistical significance no explanation is offered as to the evolution of the market structure variables, and the influence of the current co nduct and performance on future structure according to the collusion hypothesis, a positive association between concentration and profitability was interpreted as evidence of collusion or other abuses of market power designed to enhance profit according to the efficiency hypothesis (Chicago), a positive relationship between concentration and profitability reflects a natural tendency for efficient firms to be successful and to become dominant in their industries Strategic management: 5 forces model 1) Extent and intensity of competition 2) Threat of entrants 3) Threat of substitute products and services 4) Power of buyers 5) Power of suppliers Porter’s approach: static, underemphasises the problem of uncertainty caused by change in the competitive environment, competitive advantage is measured by the value the firm is able to create in excess of its costs, Porter introduces the concept of the value chain, which disaggregates the firm into its strategically relevant activities: Primary activities (physical creation of produt/service), Support activities (support primary activities and each other) each activity is linked to another, this approach examines how these links can be improved in order to increase margins on each of the firm’s products Kay argues that each individual firm is inherently different, and therefore dismisses the notion of generic strategies. Instead, firms develop distinctive capabilities in an ettempt to achieve competitive advantage. This shift away from analyzing the characteristics of the environment, and towards examining each firm’s unique attributes strategies mirrors the shift of emphasis away from structure and towards conduct that is imlicit in much of the NIO literature. Sources of distinctive capabilities: Innovation, architecture, reputation determinants of performance Firms can only maintain a competitive advantage if they can protect their strategies from imitation The strategic management approach has been criticized for placing insufficient emphasis on the interaction between firms at the level of the market or industry. Instead, the focus is mainly on strategic options available to the firm. †¢ Chapter 2: Microeconomic foundations: The short-run relationships between inputs, outputs and production cost is governed by the law of diminishing returns, and the long-run relation is governed by economies or diseconomies of scale!! The Production Function: q=f(L,K) inthe short run labor is variable but capital is fixed!!! Law of Diminishing Returns: As increasing quantities of labor are used in conjunction with a fixed quantity of capital, eventually the additional contribution that each successive unit of labor makes to total output starts to decline Marginal Product of Labor (MPL): It is the qunatity of additional output the firm obtains by employing an additional worker. Average Product of Labor (APL): It is the ratio of total output to quantity of labor employed. It is important to notice that APL is increasing whenever MPLAPL and APL is decreasing when MPL2f(L,K) f(2L,2K)=2f(L,K) f(2L,2K)1 price elastic sensitive quantity PED =1 unit price elasticity PED 0 for substitutes, 2: more weight to larger firms if for above average performers. †¢ Business unit effects form low performers o The new empirical industrial organization. The new empirical industrial organization shifts the focus from structures analysis to conduct analysis. It is grounded firmly in microeconomic (oligopoly) theory. NeIO makes direct observations of conduct in specific industries, and draws inferences about what these observed patters of conduct might mean for structure. The Rosse-Panzar revenue test is based on empirical observation of the impact on firm-level revenues of variations in the prices of the factors of production that are used as inputs in the production processes of a group of competing firms. The H-statistic is defined as sum of elastic ties if a firm’s total revenue w.r.t. each of its factor input prices. It differs under perfectly competitive, imperfectly competitive and monopolistic market conditions. See page 336 for graphs. If H = 1 conduct perfect competition If H O conduct monopoly If 0 H 1 conduct imperfect competition Empirical evidence: †¢ Commonly, price-setting behaviour in accordance with intermediate competition models is detected. Limits: †¢ Offers a determination of only what the market structure of degree of monopoly is not, and does not suggest what it is. o The persistence of profit Persistence of profit approach examines the time-series behaviour of firm-level profit dates. It suggest: profitability in more profitable industries tends to fall and profitability in less profitable industries tends to rise. tendency for profit rates to converge. supports the disequilibrium hypothesis. Firm level studies suggest there are significant differences between firms in long run equilibrium profit rates, and differences in the speed of convergence. Industry level studies: †¢ If current profitability is higher than expected, entry should take place causing profitability to fall and v. v. the empirical results suggest the process of adjustment towards l.r. equilibrium takes about four years. Industry level variables such as entry barriers, concentration and growth in demand determine the speed of adjustment. There is evidence of a tendency for profitability to persist, especially in highly concentrated industries. †¢ Firm level studies: o If competition is anything less then perfect, and there are barriers to entry, it may take some time for any abnormal profit to be eroded. s.r. profit persistence. o L.r. profit persistence: where there are barriers to entry, there no convergence of firm level rates towards a common l.r. average value. If some firms posses and are able to retain specialized knowledge or other advantage, theses firms may be able to earn profits that remain above the norm persistently, in the long run. o L.r. persistence refers to the degree of variation between firms in the l.r. average profit rates no convergence (empirical result) Part 3: analysis of firm strategy: †¢ Chapter 10: Pricing: o Critic of neoclassical theory: do firms have enough information to apply the profit maximization rule MR = MC? o Cost plus pricing Under cost plus pricing, the firm calculates or simply estimates its AVC and then sets it price by adding on a percentage mark-up that includes a contribution towards the firm’s fixed costs and a profit margin. P = (1+m)AVC This is simple to understand and can be implemented using less information. AVC is relatively flat over a relevant range of output levels; minor variations in the level of demand need not lead to changes in price. So it reduces consumer’s search costs and also reduces destructive price competition. The mark up determination appeals to a sense of fairness. Otherwise it is not simply implemented for a multiproduct firm. The wide-spread use of cost plus pricing might suggest it as a convenient rule of thumb form firms that are really profit maximizers- cost plus pricing is equivalent to profit maximization pricing if AVC is approximately constant, and the mark up is set to a value of 1/(PED/1). Research showed that firms where more profit oriented where competition was more intense and also large firms turned out to be more likely profit maximizing. o Price discrimination A firm that enjoys some degree of market power might consider adopting a more complex pricing policy, for example to sell at different prices to different consumers. First degree price discrimination: †¢ Perfect price discrimination involves making the price per unit of output depend on the identity of the purchaser and on the number of unit purchased. Second degree price discrimination: †¢ Involves making the price per unit of output depend on the number of units purchased. Third degree price discrimination: †¢ Involves making the price per unit depend on the identity of the purchase. The term dumping describes the practice of charging a lower price to consumers in poorer countries than to charge in richer countries. Two conditions: †¢ Some degree of market power and the market has to be divisible into sub-markets different demand conditions, no trade or resale, significant transport costs can also help to achieve an effective physical separation of sub-markets. First degree: †¢ Each consumer’s reservation price is the max. price the consumer is willing to pay. The monopolist can exploit the differences in willingness to pay by charging each consumer high or her own reservation price. It is worthwhile for the monopolist to supply all consumers whose reservation price exceeds the monopolists marginal costs. It is also possible that if reductions in the prices of further units are offered, that the consumer is induced to buy three, four †¦ units. Another way to abtain surplus is to charge a two-part tariff: uniform additional price + fixed fee. In this form of pr. Discr. Producers earn an abnormal profit, there is no CS and there is no DWL. It is known as perfect price discrimination because all the available surplus is extracted by monopolists. †¢ Page 360 Second degree: †¢ In the case where the monopolist cannot distinguish between consumer, the best policy is to offer the same menu of prices and quantities to all and allow the consumers to self select. †¢ Page 362 †¢ If the monopolist sets a fixed fee slightly lower than PCAF, and charging a uniform price per unit slightly higher than PC, he can gain additional PS †¢ With Pc + P the fixed fee is reduced from WXY to W. †¢ Here the producer cannot extract all of the surplus. So first degree price discrimination (perfect information about consumer preferences) is more profitable than second degree (imperfect information) Third degree: †¢ Here the price per unit that each consumer pays is constant, but the monopolist can segment the market by offering different prices to different consumers. Partial market segmentation is achieved through age, membership, gender, profession etc. †¢ The monopolist should select the price quantity combination for each sub-market at monopolistic output. †¢ One price will always be higher and the other price lower than the uniform monopoly price in the non discriminating case. Consumers in the sub market with the lower price have more CS and are always better off than in the non-discriminating case. †¢ Examples: o With intertemporal price discrimination, the supplier segments the market by the point in time at which the product is purchased by different groups of consumers. Each consumer is willing to make his purchase in one of the two periods. (page 369). But: Coase: consumers may learn that prices will be cut and wait with purchasing. o Brand labels: do not really represent pr. Discr. More products are different because of genuine product characteristics. o Loyalty discount: 2nd degree pr. Disc. o Coupons: some from but connected with effort o Stock clearance: some form o Free on board pricing same prices neglecting different costs in different areas. o Peak-load pricing Much of the theoretical literature on peak load pricing is based on an assumption of social welfare maximization. When a peak-load pricing problem exists, often capacity cannot be adjusted. Page 372 The optimal price for each period is the total marginal cost incurred through the installation of additional capacity and the additional production in both periods minus the price charged in the other period. The peak-period consumers, whose demand or willingness to pay is stronger are charged a higher price than the off-peak consumers. MC of installing additional capacity is lowered to B’. Chapter 11: Auctions: o Auction formats, and models of bidder valuation An auction is a market mechanism for converting bids from market participants into decisions concerning the allocation of resources and prices, though a specific set of rules. price formation under conditions of uncertainty, asymmetric information and interdependence. There are four basic auction formats providing the cornerstone for the economic theory of auctions. The English auction (ascending bid auction) involves the price being set initially low and then raised successively until a level is reached which only one bidder is willing to pay. The Dutch auction (descending bid auction) works in the opposite way. In the first price sealed bid auction, each bidder independently submits a single bid, without seeing the bids submitted by other bidders. The highest wins and pays. The second price sealed bid auction (vickrey auction) works similar as the first prices sealed bid auction, but here the highest bidder gets the item and pays a price equal to the second highest bid. Asymmetric information means that seller and buyers typically do not have perfect information concerning the distribution of bidders valuations of the item being auctioned. There are also two alternative assumptions: †¢ In the pure common value model, the item is a single, intrinsic value that is the same for all bidders, but nobody knows the true value. †¢ In the independent private values model, each bidder knows the true value of the item to himself personally. no single value †¢ The affiliated valuation model includes elements of both. o The pure common value model and the winner’s curse The winner’s curse appears to be a rather common feature of many auctions in which bidders valuations conform to the pure common value model. It is very likely that the winning bidder, with the highest private estimate has overvalued the item. The winning bidder is very likely to turn out to be a loser, in the sense of having overpaid the item. Two possible estimates of the true value: a) original private estimate unconditional. b) revised estimate (knowing other valuations) conditional. In order to avoid the winners curse, the sealed bid should be based on a revised estimate, conditional on the bidder’s original estimate being the highest estimate. In fact, in a first price sealed bid auction, it pays to submit a bid some distance below the bidders opinion as to the true value. o Optimal bidding strategies and revenue equivalence in the independent private values model. Assumptions: private values are randomly drawn from a uniform distribution. Risk neutrality of the bidders. The English auction: †¢ Withdraw as soon as the price equals or exceeds the private value. You gain a rent equal to the difference between private value and winning bid, or nothing. Second price sealed bid auction: †¢ A bidder’s optimal bidding strategy is to enter a bid equivalent to his or her own private value. By raising your bid, you can only lose, you cannot possibly gain. The rival’s bid determines the price you would have paid if you had bid your private value. Therefore by lowering your bid you have forfeited an opportunity to buy the item for less than your private value. †¢ English and second price auctions can be described as strategically equivalent when everybody behaves rationally. In the terminology of game theory it is in both cases a dominant strategy. First price sealed bid auction: †¢ It pays to submit a bid that is below your own private value. †¢ Page 396: o P(0) = 0 o P(B) is and increasing function of B. The higher the bid, the higher P(B) to win. o P(B) is a decreasing function of l. The higher the number of bidders, the lower P(B) to win. †¢ By reducing the submitted bid below BH =Vi, bidder i gains by committing to pay a lower price, but also loses by accepting a lower P(B) of winning. The position of the P(B) curve depends on the bidding strategies of the bidders. †¢ Nash equilibrium’s optimal bid: ((N-1)/N) * Vi †¢ As the number of N increases, the optimal bid approached the bidder’s private value. Dutch auction: †¢ Wait until the price has fallen a certain amount below the private value. gain a positive rent. By allowing the price to drop, you can only gain and you cannot lose. Bidder I should bid when the price reaches ((N-1)/N) * Vi. So, also the two last auctions types are strategically equivalent. The revenue equivalence theorem: †¢ All four auctions formats are expected to yield exactly the same price to seller on average. The seller is expected price is always the expected value or expectation of the second highest private value (page 399). Sellers expected proceeds: o E(V2) = (N-1)/(N+1) †¢ It is important to remember that the revenue equivalence theorem relies heavily on the independent private values assumption. Evidence is rather limited o Extensions and additional topics in auction theory. To ensure a certain price for the seller, he can introduce a rule that the item is not sold if the price payable by the winning bidder does not at least match (or exceed) a reserve price. It can be shown that it is optimal for the seller to set a reserve price that is higher than his own private value. Inefficient allocation of resources can be consistent with the maximization of the seller private proceeds. The optimal reserve price does not depend on the number of bidders. The price should not be too high, because then the item won’t be sold anymore. Risk averse bidders: †¢ In an English auction, risk aversion makes no difference to the optimal bidding strategy. In a Dutch auction, in contrast, risk aversion causes the bidder to call out earlier. Therefore the revenue equivalence theorem breaks down if bidders are risk averse (Dutch auction yields higher profit for the seller). In a second price auction, risk aversion causes nothing to change. In a first price sealed bid auction, risk averse bidders tend to bid closer to their private values than risk neutral bidders theorem brakes down again. †¢

Voice Disorders in Child Communication

Voice Disorders in Child Communication Voice disorders are the most fairly common communication disorder in children.   Voice disorders can be developed throughout the lifespan of an individual.   Currently around 7% to 9% of children develop a voice disorder.   Voice disorders can be characterised by hoarseness, occasional loss of voice, vocal fatigue and unusually low or high pitch. Voice disorders are generally classified as: Vocal abuse Neurogenic disorders Psychogenic disorders Alaryngeal communication They are often associated with: Lots of screaming and yelling; Recurrent infections of the upper airway; Reflux Different subtypes: Vocal Cord Paralysis Vocal Cord Nodules and Polyps Paradoxical Vocal Fold Movement Spasmodic Dysphonia References: Justice, L. (2006). Communication Sciences and Disorders: An Introduction (1st ed., pp. Chp 11.14-23). New Jersey: Pearson/Merrill Prentice Hall. Voice Fact Sheets. (2016). Speechpathologyaustralia.org.au. Retrieved 14 March 2017, from http://www.speechpathologyaustralia.org.au/spaweb/Document_Management/Public/Fact_Sheets.aspx#anchor_voice A Speech Pathologists role in working with a child who has a voice disorder is to treat them.   Speech pathologists treat children with a voice disorder through common treatments such as vocal techniques, therapies, and work in conjunction with teachers and Ear, Nose and Throat doctors to help a child produce the best possible speech quality and normal vocal sound production. Assessment of voice disorders: †¢ Voice quality can be screened, (evaluation of vocal characteristics) †¢ A comprehensive assessment is conducted for children suspected of having a voice disorder, using both standardized and nonstandardized measures. †¢ Disorders that relate to the structure and function are physical characteristics that must be diagnosed by a physician (ear nose and throat doctor specialist (ENT)) Reference: BuildnCare Therapy,. (2017). Retrieved from http://buildncare.com/speech-therapy/ Voice Fact Sheets. (2016). Speechpathologyaustralia.org.au. Retrieved 14 March 2017, from http://www.speechpathologyaustralia.org.au/spaweb/Document_Management/Public/Fact_Sheets.aspx#anchor_voice The International Classification of Functioning Disability and Health (ICF) is the best framework to use to understand and asses the impact that a voice disorder has on a childs quality of life.   As it covers all aspects of an individuals life that a voice disorder may impact. By using an internationally recognised model that consists of; à ¯Ã‚ Ã‚ ± Body Functions and Structures à ¯Ã‚ Ã‚ ± Activity and Participation à ¯Ã‚ Ã‚ ± Environmental Factors. à ¯Ã‚ Ã‚ ± Personal Factors References: 1st day as an english teacher,. (2013). Retrieved from http://1st-day-as-an-english-teacher.blogspot.com.au/2013/02/how-to-teach-kids-to-not-talk-during.html Rebecca is a 9 year old girl who has an outgoing, loud, bubbly personality. Rebecca loves to sing and act and is the lead in both her school choir and drama group.   At a weekly rehearsal with her choir group Rebecca began to experience frequent coughing and clearing of her throat. Her choir teacher suggest that Rebecca should go visit the school speech pathologist.   After her session with the school speech pathologist Rebecca was diagnosed with Vocal Cord Nodules which is benign growths on both her vocal cords. Rebecca is now receiving treatment to correct the behaviour that was causing the problem.   As a result Rebecca can no longer for the time being be the lead in her school choir and drama club and as a result cannot perform in the yearly singing under the moonlight concert. Rebecca now also find it difficult to verbally communicate as she experiences discomfort which has lead to her spending no time with her friends who are all part of the drama or choir group. This has lead to Rebecca feeling lonely and left out as she is unable to effectively participate in her groups.    Body Functions and Structures †¢ Diagnosed with vocal nodules due to vocal abuse †¢ Rough vocal quality Activities and Participation †¢ Unable to perform for longer than 2 minutes without vocal discomfort †¢ Not able to fully participate in choir and drama club †¢ Unable to perform lead role in concert †¢ Reduced ability to talk due to discomfort Environmental and Personal Factors †¢Age:9 †¢School girl singer and actor †¢Talkative and outgoing person References: Australian girls choir,. (2012). Retrieved from http://www.ausgirlschoir.com.au/About-agc/Latest-News/2012/AGC-National-Tour

The Sino-American Relationship Essay -- China Politics Government Essa

The Sino-American Relationship   Ã‚  Ã‚  Ã‚  Ã‚  The main focus of this paper is to analyze the Sino-American relationship and the factors both past and present that make it a complicated and very important issue, as well as future expectations for the development of continued relations. American contact with China in the past has been less than positive and China is a country that values respect and honesty in its value system. China and the USA do not share the same view of the world. There has been much misunderstanding and even underhanded policy when it came to the USA, especially with the changing of our presidents. Clinton was a strong supporter of having Asia involved in the future of America. He urged that China become a part of the World Trade Organization to make the relationship that of a partnership. He had been quoted as referring to China as a strategic partner while Bush described China as a strategic competitor. (Tyler p1) Imagine the shock of China to be turned from favored friend to possible e nemy within the period of less than a year. In my opinion this is a relationship that both sides can mutually benefit from however up until this point it has been clouded by great egos and failed policies. This is an extremely important issue to discuss because China is one of the largest nations in terms of billions of people, as well as an upcoming superpower. In the future China will become stronger in terms of production and business, and the USA would be wise not to cause permanent damage by ignoring treaties and past foreign policy. America must remember they cannot change the rules of the game in the middle of playing! America is a democratic nation that values human rights, and in that platform fights a moral war naturally which would put the USA at odds with China on more than one issue.   Ã‚  Ã‚  Ã‚  Ã‚  My personal expectations for the future of China and America’s diplomatic relationship is that it will continue to deteriorate if the USA does not find a better way to deal with the current problems involving Taiwan. The issue that I am mainly concerned with is the one-China principle which is set to have Taiwan ruled by the Communist party and no longer be a democratic entity and China would have sovereignty over Taiwan. Clinton had long urged that the USA continue to abandon talks with Taiwan and stuck to that policy during much of his term as president, t... ...bliography Chung, Chien-Peng. â€Å" Taiwan's Future: Mongolia or Tibet? â€Å"Asian Affairs: An American Review, Winter2001, Vol. 27 Issue 4, p233, 13p Embassy of the Peoples Republic of China in the USA. â€Å"Background: Sino American relationship.† 10 June, 2001 http://www.china-embassy.org/eng/7030.html Tyler, Marshall. â€Å"Clinton Calls for Swift WTO entry for China.† Los Angeles Times. 11 May 2001. Hui, Chun; Law, Kenneth S Tjosvold, Dean;. â€Å"Constructive Conflict in China: Cooperative Conflict as a Bridge Between East and West.† Journal of World Business, Summer2001, Vol. 36 Issue 2, p166, 18p â€Å"Pilot missing after US Spy jet sparks plane crash.† China Daily. 2 April 2001. Http://www1.chinadaily.com.cn/highlights/docs/2001-04-29/2520.html O’Hanlon, Michael. â€Å"War and coming Conflicts.† Harvard International Review, Summer 2001 Vol 23 Issue 2 p.42. Weidenbaum, Murray. †United States- China- Taiwan: A Precarious Triangle.† Challenge, Sep/Oct2000, Vol. 43 Issue 5, p92, 15p Wright, Robin. â€Å"The World: U.S. Tilt to Taipei is seen as Risky.† Los Angeles Times. 21 May 2001. â€Å" Sino-U.S. Ties Should Go Ahead From EP-3 Incident: Ambassador.† Xinhua News Agency. 6 June 2001.

How College Aids You in Life :: Education College University

Have you ever thought how college could help you improve in life? College is important because it helps you get a good career, good education, and rewards you with vacations. To begin with, college helps one get a good career. In particular, people that have a good education have a much easier time finding success in their life. Most of the highest paying jobs in the world require a college education. In the same way, a college education helps one earn much more money. Having a degree makes sure that you will keep that job and will help you earn a bigger salary within the years you work. In addition, having a college education can help your health and keep you happy. People that enjoy their careers are much happier and have a higher level of well being. Unquestionably, a college education gives you a better paying job. In addition, going to college gives you a good education. For example, a good college education gives you wisdom. Most of college educated people have lots of education, and gives you lots of knowledge. Next, a college education gives you lots of intelligence. A college educated person will a lot on many things especially on what they majored in. Also, a college educated person has autonomy. A person with a college education that has autonomy is independent and has freedom. Obviously, having s college education makes you a better person. Next, going to college rewards you with vacations. Specifically, you go on many vacations. When you have a steady job you earn at least two vacations. Correspondingly, when you are on a vacation you learn that culture. If you go to different places you learn how people talk, eat, how they dress, and how they act. In addition, when you take vacations you go wherever place you want. How College Aids You in Life :: Education College University Have you ever thought how college could help you improve in life? College is important because it helps you get a good career, good education, and rewards you with vacations. To begin with, college helps one get a good career. In particular, people that have a good education have a much easier time finding success in their life. Most of the highest paying jobs in the world require a college education. In the same way, a college education helps one earn much more money. Having a degree makes sure that you will keep that job and will help you earn a bigger salary within the years you work. In addition, having a college education can help your health and keep you happy. People that enjoy their careers are much happier and have a higher level of well being. Unquestionably, a college education gives you a better paying job. In addition, going to college gives you a good education. For example, a good college education gives you wisdom. Most of college educated people have lots of education, and gives you lots of knowledge. Next, a college education gives you lots of intelligence. A college educated person will a lot on many things especially on what they majored in. Also, a college educated person has autonomy. A person with a college education that has autonomy is independent and has freedom. Obviously, having s college education makes you a better person. Next, going to college rewards you with vacations. Specifically, you go on many vacations. When you have a steady job you earn at least two vacations. Correspondingly, when you are on a vacation you learn that culture. If you go to different places you learn how people talk, eat, how they dress, and how they act. In addition, when you take vacations you go wherever place you want.

Main Divisions Within the Democrat Party Essay

There have always been different divisions within the Democrat Party and it has historically been factionalised into two main groups (as seen in the New Deal Coalition). There is the southern conservative wing, made up of Democrats from southern states who hold conservative views on issues including social and economic issues. These Democrats are seldom reliable voters in Congress, often voting with the Republicans on fiscal issues e.g. in 2009 some Blue Dog Democrats voted against Obama’s fiscal stimulus package. The second key factions within the Democrat Party is the north eastern liberal wing made up of Democrats from the West Coast and north eastern states. This division is the division that alienated the traditional Democrat voters from the south during the break up on the ‘solid south’ after the north eastern liberals supports the Civil Rights Movement. President Obama, when first elected in 2008, was the first northeaster liberal to become President since President Kennedy in 1960. In the 1980’s a new division within the Democrat Party emerged with the development of the ‘New Democrats’, mainly associated with President Clinton, Al Gore and the Democratic Leadership Council who developed due to their acknowledgment of the need to triangulate to improve the Democrat’s chances of winning the presidency. New Democrats are centrists sometimes known as the ‘Third Way’ and hold more moderate social positions and have neo-liberal fiscal values, shown by Clinton’s repeal of the Glass Steagall Act 1999. Overall there are two historic divisions within the Democrat Party; the north eastern liberals and the southern conservative Democrats, though recent decades have seen the emergence of a third division; the New Democrats.