Gambling Dangerous to Society - 847 Words

In a study performed by Kerby Anderson of Probe Ministries, a Christian organization that investigates hot topics in America today, he states that there are twelve million compulsive gamblers in the United States. Out of this twelve million, 96% began gambling before the age of 14. He also reported that the average compulsive gambler has debts exceeding $80,000. This means that for this class, if we all grow up to be compulsive gamblers, all but one of us will have started gambling by now, and we will all one day be in extreme debt. Today I will be informing you all how dangerous gambling can be. I will be talking about what good comes from gambling, the negative effects of gambling, and why gambling is a problem. In everything in life†¦show more content†¦Another way is to strictly limit the amount of money one can use by gambling and limit the amount of times a person can gamble each month. This is a good solution because people can gamble, but they can use their right in a safe way. You now know how dangerous gambling can be to society and what comes along with gambling. We have discussed what good comes from gambling, the negative effects of gambling, and why we should keep gambling out of society. I want to leave you with a story about a guy named John. He and his wife found out that their son was in trouble as a result of gambling. They bailed him out of jail for the price of $3,400. That was seven years ago. Since then, John has bailed him out of jail many times. His son has lost three jobs and his wife divorced him. His two small daughters often cry because he would rather spend time at the casino than spend time with them. Works Cited • Gambling: A Challenge for Youth 1992, Shirley J. Anderson, Roselyn A. Biermaier and Sandra K. Syverson • Gambling 2002, Kerby Anderson, Probe Ministries • Is Pathological Gambling Really a Problem? 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Australia and New Zealand National Bank Ltd.

Question: In your group of two maintain a portfolio of three financial news articles and critically evaluate how the financial issue in each article relates to the theory studied in class. Analyse similarities, differences between issues in the articles studied and theory learned in class and make a conclusion concerning the application of financial theory in real life for each article. You may need to do additional research to understand certain terms in the articles. Calculations are encouraged if the article contains data. Answer: Article 1 Retail Sales is nearly viewed by both the investors. Such an indicator tracks the dollar worth of stock sold inside the retail trade by taking a sample of organizations occupied with the business of providing and selling to customers especially the end products. Both settled and fixed POS businesses i.e. point of sale and non-store retailers, (for example, vending machines and mail catalogs) are utilized as a part of the data sample. On the off chance that retail sales development is slowing or stalled, this implies purchasers are not spending within the previous levels, and could flag a retreat because of the noteworthy individual consumption within the health of the economy. One of the most essential variables the investors ought to note when seeing the indicator is the manner by which far away the reported figure is from the purported agreed or street number. All in all, the stock market does not like surprises, so an assume that is higher than anticipated, actually when the econo my is murmuring along well, could trigger selling of bonds and stocks, as inflationary reasons for alarm would be esteemed higher than anticipated. Retail spending is still delicate, as the consumer confidence that is weak and fragile exceeds any kind of boost and development from falling petrol prices. The retail trade within Australia climbed 0.2% in December, which was not in accordance with the expectations of the economists yet was quite stabilized than the Novembers rise of 0.1%(AAP, 2015). The output as a result was weighed around a 0.9% decline in the spending of departmental store and a 0.4% decline in the category of household units. Rates will stay low and there will be more rate slices to come, so may lighten a percentage of the weights on household plans of the family and enhance the confidence about the standpoint. An enhancement in the confidence index of the consumers is required for retail spending so that it can leap/bound backward significantly. Retail deals sales ought to make a strong commitment to GDP development in the final quarter however if there is a reluctance for the strength extrapolation to non-retail spending given retail has been a poor manual for the recent spending of aggregate household spending. Over the December quarter, there was a rise in the retail sales by 1.5% to $69.435 billion which seemed to be seasonally balanced. Article 2 Greece lost a basic financing course as the European Central Bank confined credits to its financial system that created pressure on the 10-day-old government to yield to the austerity demands of the German to stay in the euro zone. The Euro and Greeks reduced with the explanation of ECB. The Global X FTSE Greece 20 ETF of Greek stocks dove 10.4% in accordance with the trading within New York. The single cash slid 1.2 percent to $1.1345 in New York. The European Central Banks hadn't openly flagged that it should make such move as soon as possible. On Jan. 8, the national bank said it would proceed with the waiver in accordance with the supposition that there would be an audit from Greece of its bailout program that is current and at its present, which lapses on 28th Feb, and arrange another. The Greek saving money framework remains enough promoted and completely secured under Emergency Liquidity Assistance i.e. ELA. The legislature stays unfaltering on its program of social salvation and is arranging to draw up European approach "that puts an end authoritatively to the now fortifying toward self-reinforcing crisis of the Greek social economy. ELA is estimated at a yearly investment rate of 1.55% contrasted and the current refinancing rate of European Central Banks with 0.05%(Black, 2015). As Greece's lenders line up to contradict the nation's interest for an obligation rebuilding and moving back starkness, Tsipras' refusal to acknowledge more bailout advances may bring about a crunch in cash. The ECB choice "does demonstrate that the truth is going to be situated sooner or later. Tsipras and Varoufakis will have gone by seven European urban areas between them not long from now after their Syriza party's won the elections of Jan. 25 on a hostile to somberness stage. Their requests for updating the terms of Greece's bailout bundle have been met with safety and caution in Berlin and Brussels. The following move is dependent upon Prime Minister Alexis Tsipras, who c leared to power guaranteeing to turn around five years of spending cuts that went hand in hand with 240 billion euros ($272 billion) of bailout credits. The ECB move came hours before the Finance chief of Greek, Yanis Varoufakis, was to meet Germany's Wolfgang Schaeuble in Berlin and hours after he met ECB President Mario Draghi. Article 3 ANZ = Australia and New Zealand, NAB = National Bank Ltd. Taking after the proclamation of a 25-bps i.e. basis points cut by CBA and a 28-bps i.e. basis point cut by Westpac, NAB will bring down its standard variable home loan rate (SVR) by 25 bps focuses to 5.63%. ANZ has matched that move that left the two banks with the equivalent most minimal standard variable home loan rates among the huge four. Similarly as with CBA and Westpac, NAB's clients will need to sit tight until February 20 for the rate diminishment to take impact on their home loans. Be that as it may, ANZ clients will get lower home loan rates from Feb 12. Wholesale funding expenses have facilitated a tad bit throughout the most recent year or thereabouts and that is taken a little bit of the pressure off. The enormous four banks took 11 days overall to pass on a rate slice to variable home credit clients, yet figured out how to pass on the climb in rate in only seven days. National Australia Bank would appear to effectively have the capacity to bear the cost of the rate cu t, today reporting a $1.8 billion unaudited profit for the December quarter in its most recent update of the trade(Janda, 2015). The bank's favored measure of money income was $1.65 billion throughout the previous three months of 2014, up 6% on the former comparing period. According to NAB, income climbed 4%, but was up a more unobtrusive 2% barring different sales of the assets. Costs fell in general, yet barring one-offs, expenses expanded by around 4%. NAB is about to exit the underperforming US and UK organizations, and has recorded robust development in its key Australian market. Australian home loaning keeps on producing solid development and has now conveyed 20 back to back quarters of above development of the systems. While the change in the critical franchise of the business banking establishment will require some investment, volume development is presently around framework levels and that is decently best in class on the employing of extra business investors and bankers. Bibliography AAP, 2015. Yahoo Finance. [Online] Available at: https://au.finance.yahoo.com/news/retail-spending-stays-sluggish-011922315.html Black, J., 2015. Greece Loses ECB Funds, Raising Pressure to Yield to Austerity. Bloomberg, 4 February, pp. 1-3. Janda, M., 2015. ANZ, NAB pass on 25bp rate cut; NAB announces $1.8b three-month profit. ABC Business News, 5 February, pp. 1-2.

Vanillia Twilight by Owl City free essay sample

The one man band, Owl City, has put out a phenomenal debut album Ocean Eyes. While the average person has heard their chart topper â€Å"Fireflies,† many people have not explored the album any further. The techno type style Owl City has is not heard a lot, in the pop world, and really draws people in. Their style is definitely what draws fans in at first, but the witty lyrics found on the tracks is what keeps listeners coming back for more. Probably Owl City’s second most recognized song is Vanilla Twilight. In this track, lead singer Adam Young, tells the story of a man enveloped in sadness over missing someone. The song never gives you any real hint as to whether the man is just a far distance away from the woman he loves or if the relationship has ended. This allows fans to enjoy and relate to the song in multiple ways. We will write a custom essay sample on Vanillia Twilight by Owl City or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Depending on how you look at the song, it could be the sweetest love song written for the love of your life or it could be the feel good song you need when looking back on a meaningful relationship. This song begins by laying out the imagery of a beautiful night which includes a guy deep in thought over special girl far away somewhere, falling to sleep. As she is falling asleep, he sings about how the night is not the same without her. Even the littlest things remind the guy of this amazing girl, such as his hands because the spaces between his fingers are right where hers fit perfectly. He is missing everything about their time together, from the way they use to whisper underneath the stars to the absence of her arms around him as they lay underneath the blanket of stars. When the song winds down it gives the listeners hope that this guy will make it through sadness. The pain that is obviously present in the guy’s life is worded like a piece of literary art. Talking about how he will find peace of mind or comfort someday, but right now all he can do is long for what they had in the past is written as, â€Å"I’ll find repose in new ways, but I have not slept in two day, because cold nostalgia chills me to the bone.† Not only is the word choice impeccable, it also projects good imagery to the point where you feel all the sadness he is feeling too. By using words like repose and nostalgia, the listeners are challenged to figure out what the words mean and expand their vocabularies. Yet there still are some pretty good sappy lines such as, â€Å"As many times as I blink I will think of you tonight,† that just makes your heart want to melt for this magnificent song. Since I am a teenager, I am assuming that I am the target audience for this pop song, and I think that Owl City did an amazing job. It is an effective song because most teenagers are involved in the dating world where love songs fit in perfectly. The song is there for the love birds that are in a long distance relationship, for the nights when you feel alone without that person there to comfort you, and for the relationship that ended before you were ready. When a song relates to its audience in so many ways, the popularity of the song will increase dramatically. This song has a little persuasiveness in it as well. At the end of the song, the singer sympathizes with the listener over that empty feeling but at the same time gives hope that everything will eventually work out. Telling the listener that things will get better is always a smart thing to do with many emotional teenagers. For the target audience, it is very relevant topic. Most teenagers see their love lives as the most important thing in their life, so having a song all about love is spot on. This song has been on my iPod playlist for almost a year now, and it never gets old for me. Over the past year, this song has meant many different things to me just as it was designed to do. Vanilla Twilight has carried me through the highs and lows which give it a special place in my heart.

Vietnam War2 essays

Vietnam War2 essays Vietnam today is a country on the eastern edge of the large Asian landmass known as Indochina. Before the Vietnam War many Americans did not know where it was located. When American troops finally came home, they sometimes found themselves still embattled. One of the most painful events in all of Americans history was the Vietnam War. The Vietnam War was an unsuccessful effort by the United States and the South Vietnam to prevent the communists of North Vietnam from uniting with the South Vietnam with North Vietnam under their leadership. In 1945 it started out the Vietnam vs. France. Ho chi Minh declared Independence from France. Ho chi Minh was the leader of the Vietnam Independence League. The French would only recognize them as a free state of the French Union. This led to fighting between the Vietnamese and the French. An International conference at Geneva in 1954 negotiated a cease-fire between the French and the Viet Minh. The conferees decided to separate them by sending the Viet Minh north of the 17th parallel and the Vietnamese fighting under French command would move south of the 17th parallel. Many people left their homes to either move south or north. In 1956 there was to be a supervised by an International Control Committee with the aim of reunifying Vietnam under a single popularly elected g overnment. When 1956 came along South Vietnams Prime Minister Ngo Dinh Diem refused to go along with the planned election. The U.S. supported his position. In response, North Vietnamese decided they would reunite Vietnam by military force. ( Britannica vol. 12 pg. 361) U.S. Secretary of State John Foster Dulles, fearing the spread of communism in Asia, persuaded the U.S. government to provide military and economic assistance to Diems government. Guerrilla warfare spread as Viet Minh soldiers who were trained and armed in the North-the Viet Cong- returned to their homes in the South to assassinate, ambush,...

Explaining Basic Accounting Concepts and Business Structures Essay

Explaining Basic Accounting Concepts and Business Structures - Essay Example The Financial Accounting Standards Board (FASB) is responsible for designing a standard, known as â€Å"The Hierarchy of GAAP† which explicitly details the meaning of GAAP. In this regard, the sources of GAAP are as follows: FASB Standards, Interpretations, and Staff Positions; APB Opinions; and AICPA Accounting Research Bulletins. According to Valade (2010, pars. 10 – 12), the general guidelines explaining the rationale and importance of the hierarchy are summed as: â€Å"Level 1 pronouncements are the top level of authority, and take precedence over lower levels of announcements. If an accounting issue is addressed in multiple levels, guidance in the highest level must be followed. Pronouncements within any level carry equal weight†. In this regard, level 1 or category A in Kieso, Weygandt, & Warfield, 2007, 12) is the most authoritative set of professional bodies but â€Å"if an accounting treatment of an event is not specified by Category A pronouncement, then Categories B through D should be investigated† according to the hierarchical order. The most effective accounting information depends on the usefulness of the information for decision making purposes. According to Kieso, Weygandt, & Warfield (2007, 31), the FASB itemized qualitative characteristics according to hierarchy: the primary qualities being relevance and reliability; and the secondary qualities are comparability and consistency. Under relevance, the critical ingredients that must be ingrained are predictive value, feedback value and timeliness. Under reliability of accounting information, the data must be verifiable, must have representational faithfulness and be neutral. The quality of comparability is relevant in according users of accounting information with accurate and comparable basis for identification of similarities and differences in economic events among business enterprises (Kieso, Weygandt, & Warfield (2007, 33).

Macroeconomics Assignment Example | Topics and Well Written Essays - 250 words - 4

Macroeconomics - Assignment Example The government therefore has to increase their purchases of these products to the same amount as that planned for reduction in the investment spending. c. A change in taxes can produce the same result. This is because taxes affect the production of companies. When taxes are reduced, companies can use that money elsewhere such as for investment purposes, they will also be motivated to increase their production as they will be paying lower taxes. d. In a balanced budget economy law makers have to be very keen on the fiscal policies that they put in place so as to restore the economy to full employment. The most feasible way this can be done is by taking of loans to invest in other areas that will be repaid over time. The blue line in the graph represents the total demand. The red line in the graph represents the total supply of goods and services. The black line represents the economy’s capacity in the long run. The equilibrium where they intersect is the potential output. a) When people buy goods and services using money the money is handed over to the stores who in turn pay their suppliers. The money circulates in the economy and is used by various people. The money supply is therefore maintained. When people use credit banks to pay for their shopping, there is no money that exchanges hands. This leads to a decrease in the money supply in the economy. b) To reduce money supply the bank should increase lending rates. Higher rates mean that fewer people will be willing to borrow money from the bank and over time, there will be a decrease in the money supply within the economy. A. i) The purchasing power parity theory is concerned with the exchange rates (Blaug, 2006). Therates of exchange between two currencies are at equilibrium as long as their domestic purchasing power at a given exchange rate is equal. In this case, Gold should cost the same in both Mexico and U.S after taking into account the interest

Competitive Strategies Essay Example for Free

Competitive Strategies Essay The U.S. offers a free market where businesses are able to have free enterprise to open and operate an ideal to provide a product or service to the public. There are many businesses that offer similar products and create competition. Consumers are able to have the options in the marketplace. Energizer and Duracell are two companies that offer similar products to consumers. Energizer has been around since 1986 and has grown into a mutli- billion dollar company within the last decade. Duracell first got started in the 1920’s from two scientists, and finally become a brand in 1964. This paper will discuss the two companies’ background, the competition between the two, and how they will thrive to compete in the market place in future. Corporate cultures have both gross and subtle manifestations that provide clues to the underlying norms and beliefs. Paying attention to the work practices, environment, communication paths, and even the level of humor in a company, will give one a hint of the dominant organizational culture. Identification and understanding the culture is necessary to affect any minute or large scale changes in response to market imperatives. If one does not have a clear picture of the culture one cannot effectively modify it. Mowat, J (2002, September 3) Energizer ​Energizer is formerly known as Eveready Battery Company and changes its name in the late 1980’s. By the 1990, Energizer has established their brand and had over 30 percent of the domestic market. They were trailing Duracell by 10 percent, who at that time had 40 percent of the domestic market. Energizer is the manufacturer of dry cell batteries and flashlights, with a full line production of in three major categories: alkaline, carbon zinc, miniature and rechargeable batteries. They produce more than six billion battery cells annually and has became a global leader in dynamic business of producing portable power in more than 160 countries. They may not have been around as long as Duracell, but has established the brand well in the marketplace. Dewhirst, T, Davis, B (2005, January 01). Duracell ​Duracell started with a partnership with inventor, Samuel Ruben and businessman, Phillip Mallory in the late 1920’s. Their invention was used in World War II to help assist soldiers in battle. By 1964, Duracell branded their product and introduce a product line of hearing aid batteries, flashlights, vehicle jump starters, and even the batteries for the Iphone. Duracell was brought out by Gillette Company by the late 90’s. They still produce top notch products for consumers to choose from. ​Energizer has done a good job in branding their product and being recognized by consumers everywhere. They are taking their company to another level by making other products like sunscreen and household products. They are using technology to help the company advance in new markets. â€Å"Innovation is the cornerstone of the Energizer brand and at this years Outdoor Retailer show the company will reveal the latest innovations in advanced power and lighting solutions.† Business Wire (2012) Energizer is also developing USB port chargers, sleek car chargers, and flameless lanterns. They are using technology to provide better and brighter lighting for consumers. Duracell has improved their battery brand by introducing reachable batteries with a more long lasting effect. They already have loyal consumers who purchase their brand and focus on improving the brands they already have through innovation. ​Energizer and Duracell use the same adorable bunny as their mascot to associate their brands to consumers. The question is, who used the bunny first? Having a mascot to help with brand association can help increase sales and promotions of a product. Consumers can recognize and remember to product by having the image of a mascot in their mind. There is no exact record of who had the bunny first, but packaging can be found from Duracell that has the bunny before Energizer. Either way, the pink bunnies are different in design. Energizer bunny wears sunglasses and looks cooler that may attract a younger market. Duracell bunny is happy and easy displayed on all of their products. Energizer catchy phrase has attracted consumers from all over with â€Å"It keeps going† as Duracell can only been seen with having a bunny on its packaging. It is clear who took over the mascot and was able to have their brand associated better. (2011, February 18) ​It is clear innovation and technology that will help grow both brands and improve their brand positioning. Today, Energizer has focused on other products outside of batteries and flashlights. By making items like sunscreen and lotions that has allowed them to enter into new markets to advertise too. Duracell has been around longer and have a strong history behind their brand. The company’s history has helped them in landing collaborations with the Iphone and Gillette. The differences between the two companies are Duracell brand has been long lasting but has merged and been brought out by other companies that are bigger. As far as Energize, they are involved into new markets with better products. They will have a more variety of brands and have a better brand association than Duracell in the next five years. Dewhirst, T., Davis, B. (2005, January 01). Managements always promise discipline; not all stick to the plan. The reason I suspect Energizer will stay on course is that its already performing nicely as a strong No. 2 in batteries. Energizer batteries enjoyed at least as good display as Duracell’s, while commanding prices that were equivalent or higher. Business week (2003, March 16) ​Batteries will still be popular and will be used in consumer’s everyday life. Technology has change the way we use batteries and these two companies has done a great job of establishing their brand. Innovation will take both brands far and the competition will still exist. It will be interesting to see who can become global leaders and have better products in the next five years. References Mowat, J (2002, September 3) How can one identify the corporate culture The Herridge Group Dewhirst, T., Davis, B. (2005, January 01). Brand Strategy and integrated marketing Business Wire (2012, July 30) â€Å"Energizer Transform outdoor Lighting and portable power with new Technologies and materials Designed for the Modern Outdoor Enthusiast Travel trade Gazette, U.K. and Ireland. (2011, February 18). Mascot Promotions: It pays to get into character. TTG Bloomberg Business week Magazine (2003, March 16) Will Energizer Give Schick a New Edge