The Legal Drinking Age Should Be Abolished - 893 Words

Legal at Eighteen Currently in the United States the legal age to drink alcohol is twenty-one years old. Before the 1980s, the legal drinking age was eighteen years old. In 1980, the drinking age was changed to twenty-one to diminish the number of traffic deaths caused by young drunk drivers. Changing the drinking age to twenty-one has not reduced drinking, it only made teens drink in unsafe and illegal environments. The drinking age should be changed to eighteen, because eighteen year olds have the right to vote, marry, buy guns, join the military, are considered adults, take away the thrill of breaking the law, and it would help the economy. In the United States at eighteen years old a citizen can vote. At eighteen a person can choose who will be president, governor, senator, and other important positions. If an eighteen year old can make the decision of who should run the country, then they can decide if they want to drink alcohol. By the age of eighteen most people are intelligent enough to comprehend politics and vote, and they should be smart enough to understand how alcohol affects a person and smart responsibly. Of an eighteen year old can vote, then they should be able to drink. At the age of eighteen a person can get married. Being married is a lifelong and life changing decision. Being married means that two people will spend the rest of their lives together and share a life together. If a person can get married at eighteen they should be able toShow MoreRelatedThe Legal Drinking Age Should Be Abolished1634 Words   |  7 Pagestheir own legal drinking age. In 1984 the National Minimum Drinking Age act was passed and raised the drinking age in the United States to twenty-one. This law caused uproar in states that had declared the minimum drinking age to be eighteen. Alcohol consumption is a major factor in cultural and social matters and the National Minimum Drinking Age has affected everybody. This law is unjust because of many reasons. One of the most prominent reasons is that it is an ex-post facto law. The legal drinkingRead MoreMass Incarceration In Michelle Alexanders The New Jim Crow Laws1083 Words   |  5 Pagessegregation of schools, drink ing fountains, restrooms, buses, and restaurants. In legal theory, blacks received â€Å"separate but equal† treatment under the law--in actuality, public facilities were nearly always inferior to those for whites, when they existed at all. In addition, blacks were systematically denied the right to vote in most of the rural South through the selective application of literacy tests and other racially motivated criteria (PBS). Despite Jim Crow laws being abolished in 1964 when PresidentRead MoreThe Debate On The Minimum Legal Drinking Age2364 Words   |  10 PagesThe Debate on the Minimum Legal Drinking Age There has been a debate going on about the minimum legal drinking age, or â€Å"MLDA†. Some people believe it has no impact on our youth, and should thus be lowered to the standard age of adulthood, age 18. They refuse to acknowledge the true significance of this law, however, and continue to see it as a futile attempt to control the inevitable. Yet in reality, having an MLDA of 21 has many benefits, and stands for a healthier view of alcohol consumption,Read More The Drinking Age Should Be Lowered Essay2234 Words   |  9 Pageslinked to drinking underage. The legal drinking age in many states is twenty-one years old. The purpose of this law is to keep minors out of danger: away from drunk driving, alcohol poisoning, and injuring the brain before it is fully developed. The government supports the belief that people are not ready or responsible enough for alcohol until this age. However, various professors and researchers are discovering ways to disprove this belief. T hese people think that reducing the drinking age to eighteenRead MoreThere Has Been Debate Within The Australian Government1881 Words   |  8 Pagesof provocation should be changed or abolished. Over the years this defence has undergone changes through interpretation in cases and through legislative amendments. â€Å"Provocation; a totally flawed defence that has no place in Australia criminal law irrespective of sentencing regime†. These are the words of Andrew Hemming, a Senior Lecturer of Law within the School of Law and Justice at University of Southern Queensland. He states that provocation laws should be completely abolished throughout theRead MoreRacism By Michell Alexander s Book, The New Jim Crow Mass Incarceration1457 Words   |  6 Pagesperson does in society. In Michell Alexander’s book, â€Å"The New Jim Crow Mass Incarceration in the Age of Colorblindness† she touches on the many injustices that African Americans face in everyday life. While sh e makes good points throughout the book, there are some things that I did not completely agree with. Michelle’s book was published about fifty-five years after the Jim Crow laws were abolished. The Jim Crow laws segregated blacks and whites and were enforced by the state and towns. This segregationRead MoreTma03 W100 -Unlawful Conduct Essay1192 Words   |  5 Pagesvery broad term, we may consider the term of unlawful conduct of any conduct relating to crimes but it is much broader than this, it also includes aspects of civil law. We can consider a conduct to be unlawful in many ways; this can be by underage drinking to downloading music from the internet without paying for such a song. For a conduct to be considered unlawful, it has to be approved by parliament. Without laws we cannot consider a conduct to be unlawful. Unlawful conduct is any conduct that itRead MoreThe Black Death1203 Words   |  5 Pageswere wiped out and it is estimated that around 200 million people in Europe fell to the plague. Villages and towns began barring anyone from entering in fear of the plague and some of the rich chose to escape overseas. People began running amok, drinking and enjoying themselves as much as they could as they believed they had not long to live. Others thought that living quietly would cure them of the plague while a large amount of people believed that the world was going to end. The Crusades (a religiousRead MoreThe Legal Drinking Age Should Be Legal1956 Words   |  8 Pagessale of all alcohol. The Prohibition lasted a total of 13 years before being abolished in 1933 since the government could not stop the entire country from buying and/or selling alcohol illegally. It seemed that the more they tried to get rid of alcohol, the more people would want it so instead of having continuous law breake rs, they’d rather the people drink freely hence Prohibition ending. Drugs, on the other hand, were legal all the way up until 1914, where the Harrison Narcotics Tax Act took placeRead MorePosition Paper-Alcoholism3290 Words   |  14 Pagestries to quit drinking but the individual s craving, or strong need or compulsion to drink, compels them to continue. This need can be as strong as the need for basic necessities of life such as food, water, and air. Physical dependence, which is the body s need for a substance, in this case alcohol, is revealed by withdrawal symptoms that consist of sweating, shakiness, nausea, and anxiety. These symptoms occur when alcohol use is abruptly halted after a period of heavy drinking. With regard to

The Between Corporate Strategy And Finance - 831 Words

Week six continued to expand on the concept of NPV, with emphasis on financial tools such as the sensitivity analysis, break-even analysis, simulation, real options and decision trees. These tools allowed the class further insights into projects’ financial status before making the final accept-reject decision. Hence, at the end of the week, students that were able to grasp the concept introduced in week’s one through week five were able to apply important financial tools learned thus far to analyze projects and explain the link between corporate strategy and finance, these students were able to recap the relationships between economic rent, market prices, competitive advantages and the NPV analysis in relation to capital budgeting activities (Allen, Brealey, Myers, 2013; â€Å"Overview Objectives†, n.d.). Week seven of the course focused on how managers can successfully develop sets of tools to help decide what the adequate capital structure of their company should be. This week was very interesting because the class was able to discuss how financial markets and related institutions contributed to the overall economy of various countries. At the end of week seven, the class learned more business theories related to capital structure and the importance of financial markets and institutions to the various economies (â€Å"Overview Objectives†, n.d.). Week eight marked the final week of the course, and as stated in the syllabus the class had a final exam, this exam was to assessShow MoreRelatedCareer in Finance and Mathematics1137 Words   |  5 PagesCareer in Finance and Mathematics An B. Nguyen Grantham University BA550, Finance October 27, 2015 Abstract There is many job opportunity for individual with the career in finance or mathematics background. According to Careers-in-Finance.com, the lowest entry level related to finance start from $35K-$50K annually in small firms and can reach as high as $260K-$390K for large firms. The income can variable depended on the level of education and experiences. Around the finance corporate, thereRead MoreBusiness Environment Past Papers1115 Words   |  5 Pagesimportant business terms related to corporate objectives. Indicative Content 1.1.1 Define and show an understanding of the terms ‘corporate aims’, ‘corporate objectives’ and ‘corporate strategy’. 1.1.2 Explain how objectives and aims might change through the life of a business: survival, break-even, growth, profit maximisation, market share, diversification. 1.2 Describe the human and other resources required by a business, and relate the resources to corporate objectives. 1.2.1 Describe theRead MoreCase Study - Calpine624 Words   |  3 PagesCalpine, How should Calpine finance its high-growth strategy? In the case in question we are dealing with a power company that is planning a growth strategy. The main focus of this paper is to choose the optimal financing. The managers Kelly and Crabtree are discussing which one of the following funding strategies that would be optimal to reach Calpine’s growth strategy. The 3 options are project financing, corporate financing and a hybrid of the two. Each funding strategy has its pros and cons, whichRead MoreCorporate Finance Programs1540 Words   |  6 PagesCorporate Finance Programs Introduction In a companys operational activities, it is essential induce financial management in its organizational structure. All business operations center on the use of finances to incur profits that benefit the company employees, shareholders and their nations economic society. This context digs into the conduction of both managerial and corporate finance. The executive finance deals with managerial implication on financial techniques used alongside pecuniary decisionsRead MoreJp Morgan Background Summary1032 Words   |  5 PagesJPMorgan Corporate Finance – Energy Investment Banking, Houston JPMorgan Chase Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumersRead MoreMy Personal Learning Experience Of Corporate Finance And Investments Module Essay1202 Words   |  5 PagesThe following self-assessment essay will be a brief analysis of my personal learning experience of Corporate Finance and Investments module, and a brief description of my development planning. This essay includes four paths, therefore, I shall explain my motivation of studying particularly this module, my strengths and weaknesses, critical and analytical learning, as well as my future career expectations. 1.1 Motivation As stated by the business dictionary, ‘’Motivation is leaded by internal andRead Morecase study Essay774 Words   |  4 Pagessubsidiary banking group. What are the linkages between the two organizations? Answer: Question 2: Conduct an external analysis of general environment, industry and competitive conditions to identify Ally’s marketplace advantage and disadvantage. What competitor intelligence has the greatest strategic implications for the company? Answer: The Ally’s marketplace advantage: Ally bank providing the low cost funding source and automotive finance and mortgage loan operation with a stable. AllRead MoreThe Importance Of Corporate Finance For Managers1353 Words   |  6 Pagesapparel company and possibly invest through the company she is seeking advice from. Importance of Corporate Finance for Managers Firms entrust managers to make decisions that will secure the company’s future by maximizing profits and ensure customer satisfaction. Corporate finance is important to mangers due to the opportunities and risk it represents for them as professionals. Corporate finance provides managers with the skills and information necessary to add value to their firm (Brigham andRead MoreEssay about Business-Level and Corporate-Level Strategy1104 Words   |  5 PagesIntroduction Knowing your business-level and corporate-level strategy can maximize the life of your organization. The business-level strategy focus on creating a value offering that is appealing to consumers while also being cost-effective. The business-level strategies determine who they will serve, what product or service will meet the needs of their targeted customers, and how they will keep their customers satisfied (Harvard, 2012). Corporate-level strategies help drive an organization and help determineRead MoreHalifax - Performance of Branch 54461675 Words   |  7 PagesMarkets, Finance and Accounting, and Information, which are associated with the Halifax’s Balanced Scorecard quadrants and theory ‘Z’. The main concerns were HR management and Information flow, although all perspectives had areas to improve. It was concluded that working with the current manager, building on his experience should improve the branches performance and build it to excel. Primary recommendations were to give the branch manager formal training and to link the BSC to corporate strategy

Business Economics Demand Pull and Cost-Push

Question: Describe about the Business Economics for Demand Pull and Cost-Push. Answer: (a) If the wages of cleaners is increased in a burger shop, the supply of burgers will be reduced due to increase in the cost of production. Figure 1: Decrease in Supply (Source: Created by Author) The graph shows that supply from S to S2 that in turn leads to excess demand at the old equilibrium cost P (Canto, Joines and Laffer 2014). (b) Since burger is considered as a normal good and as a result, with the fall in income the demand for burger will decrease. Most of the goods that we usually purchase are considered as normal goods. They are also considered as a superior commodity (Atkinson and Stiglitz 2015). Figure 2: Normal Good (Source: Created by Author) A single seller who sells a unique good in the market characterizes a monopoly market structure. The seller does not face any competition in the monopoly market, as he is the single owner of commodities with no close substitutes. On the other hand, an industry is a natural monopoly when a single firm can supply a commodity to a complete market at a subordinate cost (Askar 2013). Figure 3: Monopoly (Source: Created by Author) The above graph shows that more quantity Q2 can be sold at a lower price P2. The slope of the AR curve is downward sloping under monopoly that in turn implies that if the monopolist sets the high prices, the demand will decrease. Under the monopoly market structure, there is bound to be interaction between the forces of demand and supply (Anton and Biglaiser 2013). Under perfect competition price is equivalent to marginal cost at the equilibrium output. However, under monopoly the price is larger than average cost. When the Reserve Bank of Australia intervenes in the foreign exchange market, it generates demand as well as supply for the Australian dollar by purchasing or selling Australian dollars against a different currency. In the exchange market of the Australian dollar, the RBA always conducts its interference due to the fact that liquidity and earnings are utmost in that market. Most of the transaction of the foreign exchange intervention of the RBA takes place in the spot market. Traditionally, the Reserve Bank of Australia has usually chosen to intervene by performing in the foreign exchange market in its own name (Benes et al. 2015). The benefits to Australia of the appreciation of the Australian dollar are as follows: With the appreciation of the Australian dollar, Australian exports are bound to become more costly. The imports into Australia will become reasonable and as a result, there will be increase in demand for imports. This has the probability to worsen the current account deficit (Garton, Gaudry and Wilcox 2012). The preferential trade agreement that Australia shares with China mainly includes a currency deal. This in turn allows the Australian dollar to trade directly against the currency of China. China has also allowed RMB to be traded against the AUS dollar directly. As a result, if the foreign investors become optimistic about China, it would lead to an increase in the demand for RMB. The economic interaction between Australia and China is likely to provide a wider implication for the Asia-Pacific area both in terms of state capital flows as well as in terms of financial security (Bowman, Gilligan and OBrien 2015). The percentage change in the value of the Wholesale Price Index on a yearly basis is termed as inflation. It efficiently measures the change in the prices of a basket of commodities and services in a year. The imbalance between demand and supply of money as well as changes in the cost of production and distribution leads to inflation (Bresciani-Turroni 2013). The major cause of inflation is merely the growth in the quantity of money. The level of prices and the value of money also lead to inflation. There are mainly two types of inflation that includes demand-pull inflation and cost-push inflation. Figure 4: Demand-pull inflation (Source: Created by Author) Demand-pull inflation takes place when aggregate demand for commodities and services in an economy increases more rapidly as compared to the productive capacity of the economy (Addison and Burton 2013). Figure 5: Cost-push inflation (Source: Created by Author) On the other hand, cost-push inflation takes place when prices of production procedure inputs rise. Increasing wages are also a major factor that leads to cost-push inflation as wages are considered the most imperative cost for firms. The two economic policies that the government could apply to reduce inflation are as follows: Fiscal Policy: The government can raise taxes as well as cut spending. These in turn improves the budget circumstances as well as help to reduce demand in the economy (Auerbach and Gorodnichenko 2012). 2. Monetary Policy: The rate of interest could be increased by the Central Bank that will in turn make borrowings more costly and saving more attractive. The quantity theory of money states that the wide-ranging level of prices of goods and services is directly comparative to the amount of money in circulation or money supply. It mostly states that there is a direct relationship between the quantity of money in an economy as well as the level of prices of commodities and services sold (Su et al. 2016). According to Quantity Theory of Money, if the amount of money doubles in an economy, the level of price also doubles. According to the economists, a rapid increase in the money supply leads to a rapid rise in inflation. Money growth that exceeds the expansion of economic output results in inflation. If the makers of the monetary policy decrease the supply of money, the rate of interest will get increased. If the rate of interest are determined by free economy it becomes more attractive in order to deposit funds as well as to diminish borrowing from the Central Bank. One of the rate of interest that is advertised in the free economy is the coupon rate. As per the economists, competitive markets allocate resources efficiently. According to the economists, efficient allocation of resources takes place when individuals are able to choose the commodities and services that they desire. Resources are being allocated effectively mostly when they are being used to manufacture the appropriate amount of goods as well as services that is desired mostly by the customers. Allocative efficiency requires that an individual produces each commodity up to the point where the advantage it conveys to the society. According to the economists, an efficient allocation of resources is the combination of distribution of inputs as well as outputs such that any alter in the economy that makes an individual better off. Efficiency is also obtained when there is efficiency in the production. In other words, the manufacturing of the largest value of commodities as well as services with available resources. It also takes when all mutual benefits gained from busin ess are exhausted (Rancire and Tornell 2016). The non-price determinants of demand are as follows: Branding: Sellers make use of advertising, product quality, and customer service as well as product differentiation. That in turn leads to strong brand images and as a result, the purchasers have a strong preference for their commodities. Hence, the demand curve shifts towards the right as the demand for products increases. Market Size: With the rapid expansion of the market, the demand of the customers for the goods is likely to increase (Verheyen 2015). Complementary goods: The demand for a commodity is influenced by the change in the price of the product. As a result, the demand for movies is likely to get impacted by the price of popcorn in the movie theatre. Similarly, the demand for movies in the particular theatre is also likely to get influenced due to the price of nearby parking. Available Income: If the amount of income of the purchasers alters, the propensity to purchase will also change. Thus, irrespective of price, if there is an economic boom, an individual is more likely to purchase. Seasonality: The requirements for commodities alter by time of year. As a result, there is a powerful demand for grass mowers in the spring, but not in the fall. Future Expectation: The purchasers are likely to purchase more commodities in the future, if they expect that the price is likely to increase in the future. The value of money is determined by the supply of money as well as demand for money that is similar to that of the price of a commodity. Quantity Theory of Money states that the general level of price (P) is directly relied on the supply of money (M). In other words, if M doubles, P will also double. On the other hand, if M is diminished, P will also diminish by the similar quantity (Cline 2015). The growth of the money supply determines the inflation rate. According to Quantity Theory of Money, if the amount of money doubles in an economy, the level of price also doubles. This in turn leads to inflation in the economy. As inflation increases, the value of money diminishes. References Addison, J.T. and Burton, J., 2013. The demise of demand-pull and costpush in inflation theory.PSL Quarterly Review,33(133). Anton, J.J. and Biglaiser, G., 2013. Quality, upgrades and equilibrium in a dynamic monopoly market.Journal of Economic Theory,148(3), pp.1179-1212. Askar, S.S., 2013. On complex dynamics of monopoly market.Economic Modelling,31, pp.586-589. Atkinson, A.B. and Stiglitz, J.E., 2015.Lectures on public economics. Princeton University Press. Auerbach, A.J. and Gorodnichenko, Y., 2012. Measuring the output responses to fiscal policy.American Economic Journal: Economic Policy,4(2), pp.1-27. Benes, J., Berg, A., Portillo, R.A. and Vavra, D., 2015. Modeling sterilized interventions and balance sheet effects of monetary policy in a New-Keynesian framework.Open Economies Review,26(1), pp.81-108. Bowman, M., Gilligan, G. and OBrien, J., 2015. The China-Australia Free Trade Agreement and the Growing Acceptance of Chinese State Capital Investment.Asian Journal of Public Affairs,8(1), pp.03-24. Bresciani-Turroni, C., 2013.The Economics of Inflation: A study of currency depreciation in post-war Germany, 1914-1923. Routledge. Canto, V.A., Joines, D.H. and Laffer, A.B., 2014.Foundations of supply-side economics: Theory and evidence. Academic Press. Cline, W.R., 2015. Quantity Theory of Money Redux? Will Inflation Be the Legacy of Quantitative Easing?.National Institute Economic Review,234(1), pp.R15-R26. Garton, P., Gaudry, D. and Wilcox, R., 2012. Understanding the appreciation of the Australian dollar and its policy implications.Economic Round-up, (2), p.39. Rancire, R. and Tornell, A., 2016. Financial Liberalization, Debt Mismatch, Allocative Efficiency, and Growth.American Economic Journal: Macroeconomics,8(2), pp.1-44. Su, C.W., Fan, J.J., Chang, H.L. and Li, X.L., 2016. Is there Causal Relationship between Money Supply Growth and Inflation in China? Evidence from Quantity Theory of Money.Review of Development Economics. Verheyen, F., 2015. The role of non-price determinants for export demand.International Economics and Economic Policy,12(1), pp.107-125.

Thomas Merton And Mahatma Gandhi Essays - Gandhism, Pacifism

Thomas Merton and Mahatma Gandhi Thomas Merton and Mahatma Gandhi both speak of God in a personal way. They both speak of God as truth. Famous Thomas Merton, Trappist American monk, was a traditional Christian. Born in France in 1915 and died in Asia in 1968 Merton was greatly influenced by the complexities of the twentieth century. His writings served as a personal may in his search for God.. He pursued the ascending path towards the eternal kingdom of truth, towards heaven, while leaving the world of shadowy existence behind. Truth would be a passion of his life. He also took it upon himself to speak on behalf of the disenfranchised of the word. Thomas Merton was a dynamic, modern man who committed himself to a lifelong search for a meaningful and authentic way of life. He had only one desire and that was the desire for solitude-to disappear into God, to be submerged in his peace, to be lost in the secret of his face. This singular passion and boundless energy led him to combine in one life a unique variety of roles, prolific spiritual writer and poet, monk and hermit, social activist, all while living at the Trappist monastery in Gethsemani, Kentucky. Merton, a monk under a vow of silence, found fame by not seeking it, by speaking the truth. Much can be said with the praise "the truth will set your free" Merton provided a path that is still setting people free. Freedom from silence. Many feel that a monastery is a sanctuary to escape from the realities of the real world. Merton saw it as helping rescue the world from the new dark ages. "In the night of our technological barbarism, monks must be as trees which exist silently in the dark and by their vital presence purify the air." Some believe Merton's world was the monastery grounds, the whole world was. He believed that all men and women are to be seen and treated as Christ. Failure to do this, involves condemnation for disloyalty to the most fundamental of revealed truths. Encounters with Christ must be followed by the encounters and both must be experienced with the same love. It's a love that frees, not a love that wants to possess or manipulate. The great Indian teacher, Mahatma Gandhi, philosophy was very similar. Merton loved people, but he also loved nature. He told us to begin "by learning how to see and respect the visible creation which mirrors the glory and the perfection of the invisible God". Everything that surrounds us, the trees, the ocean, the waves, the sky, the sun, the birds, it is in all this that we will find our answers. God is omnipresent; we do not see this because we are not contemplative. Merton believed a Christian society is one in which men give their share of labor and intelligence and in return receive their share of the fruits of the labor, which is seen in the Kingdom of God, a society centered upon the divine truth and the divine mercy. In such a society the prophetic role of the monk would be fulfilled, in the sense that his renunciation of the right of ownership was an affirmation of God's ownership of everything and of man's right to be a possessor only in so far as he was willing to share with others what he did not need. Merton did not feel impelled to become involved in political deeds. He believed the monk's duty was to cultivate consciousness and awareness however, truth and God demanded he speak out loudly and often against all forms of war. He stated that the Vietnam war was an example of Americans seeing their country as the center of the world, imposing their will, in the name of freedom, on weaker nations that might stand in their way. It was a needless destruction of human life, a rape of a culture which could only lead to the death of the spirit of an exhausted people. He saw men striving to negotiate for peace, and failing because their fear overbalanced their true good will. "The root of all war is fear." He taught that we must fearlessly love even the men we cannot trust, for the enemy was war itself, and peace could not be brought about by hatred. "Peace does not consist in one man, one party, one nation, crushing and dominating everyone else. Peace exists where men who have the power to be enemies are, instead, friends by reason of the