Childcare system Essay Example for Free

Childcare system Essay Many parents that have kids want to stay at ome during the early years of the childrens youth, but after those years they cant afford to go back to work. Over 50% of moms that usally stay home and want to go to work but just cant afford to acording to Ms. Truss. About 17% of moms that did work couldnt earn enough to be able to have money that would last awhile. While 12% cited a lack of job opportunities. Ms. Truss believes that stuff like this shouldnt stop people from helping the 52% of moms find an affordable childcare so that they can go out and looks for an affordable job. Mrs. Truss wants to have a deregulated childcare system, unlike the other childcares, to have a sinle nursery double with the amount of children they are responsable for. Anand Shukla, Chief Executive of the Family, Parenting Insitute, and Daycare Trust wonder if carers and the self-employed will be eligible for this financial support and said something about the devil will be in detail. The Labour has warned if they cut the nursery staffing levels, it could threaten child safty of the children that are being taken cared of while there parents are working. If stuff like this keeps happening, and they do cut nursery staffing levels, i think the problem would get worse, kids might be killed from carlessness from the lowered class nursery staff, more parents would stay home to protect there kids. If they want to provent stuff like this, they cant cut the nusery staffing level and have to find something that is less important they can cut to be able to let mothers keep there jobs and so there kids can be safe. They could cut off stuff like entertainment or stuff like amusment parks, just some examples but in my oppion, taking care of the future generation is more important than these two examples. As long as they dont take drastic messures like cutting nursery staffing levels, the future for them looks pretty good as long as they cut stuff of less important value.

Business Decision Mapping Essay Example for Free

Business Decision Mapping Essay The Shamrock Manufacturing Chicago plant manager, Sean Fitzpatrick is contemplating replacing a large piece of manufacturing equipment. Mr. Fitzpatrick is also inline for a promotion to Shamrocks larger Houston plant within the next year, and is hesitant to make any decisions that will reduce short-run operating income and his performance evaluation. While the prospective replacement equipment promises to reduce cash operating costs, it costs $90,000, as well as the loss on disposal cost of the old equipment, which has not fully depreciated. Prior to making a decision, Mr. Fitzgerald must identify all relevant costs and chose a decision for the best interest of Shamrock (Datar, Rajan, 2013). Analysis The available data to consider in this case is the old machines purchase price ($150,000); the current book value of the old machine ($60,000); the market value of the old machine ($36,000); the cost of the new equipment ($90,000); and the reduction in annual cash operating costs ($32,500). All historical costs are considered irrelevant, as they have already occurred and have no effect on future costs. The only relevant costs that should be considered for this decision are the future cash operating costs, the disposal value of the old machine, and the cost of the new machine that will be deprecated over the next two years. Based on the #1 and #2 worksheets in Appendix A of this document, year one yields an increase in expenditures of $6500, but includes the $24,000 loss of disposal of the old machine, which is irrelevant. The only relevant data is the total two-year costs shown on worksheet #2 that shows a reduction in total relevant cash flow of $11,000. The results of worksheet #1 are not beneficial for Mr. Fitzgerald, but the overall results in year two benefit Shamrock. Based on the #3 worksheet, with a lower new equipment cost ($77,000), year one breaks even, which is irrelevant, and the total two-year reductions in total relevant cash flow are $24,000. Conclusion Based solely on the worksheet information (Appendix A), the company should replace the equipment. All relevant costs located in worksheets #2, and #3 indicate that Shamrock manufacturing will benefit by replacing the machines at either equipment cost. However, worksheet #1 presents a problem for Mr. Fitzgerald as it shows a $6500 increase in the first year expenses, which are irrelevant in the long-run, but may encourage Mr. Fitzgerald not to purchase the new equipment because it may reflect badly on the short-run net operating income of his plant during the evaluation period for his promotion. Worksheet #3 offers a breakeven scenario in the first year and a $24,000 reduction in relevant cash flows in year two, which is the best option for Mr. Fitzgerald and Shamrock, if available. Reference: Datar, S., Rajan, M., (2013). Financial and Managerial accounting, custom edition, Pearson Learning Solutions, Ch. 9 Appendix A Shamrock Manufacturing relevant cash flow analysis Appendix B 5-Step Critical Thinking Decision-Making Process Matrix Step 1: Identify the problem(s) and uncertainties. What exactly is the problem†¦ Sean Fitzpatrick has an opportunity to decrease long-run cash flow by replacing a large piece of plant equipment. The problem is this †¦ Mr. Fitzpatrick is up for a promotion and is concerned that any short-run decreases in operating income will affect his performance evaluation. This is an important problem because†¦ Mr. Fitzpatrick’s decision may be good for the company, but could hurt his career aspirations. The key question(s) that needs to be answered to solve this problem is†¦ What is the best decision for shamrock in the long-run? Step 2: Obtain information. The following information is needed to answer this question†¦ What are the relevant costs that impact the decision to keep or replace the equipment? Based on the #1 and #2 worksheets, what decision would be made in years one and two? Based on the #3 worksheet, would the decision be different for years one and two compared to the initial cost of the new equipment? Some important assumptions I am using in my thinking are†¦ I believe that the best decision for Shamrock is not the best decision for Mr. Fitzpatrick, which creates an ethical dilemma. The points of view relevant to this problem belong to†¦ Sean Fitzpatrick. Note: Remember to view the information you have obtained for potential bias. This is from the perspective of your own bias to the research and the bias of the authors who compiled the data and the research you gathered. In other words, do not discount the importance of other’s data because of your own bias(is). Step 3: Make predictions about the future. If this problem gets solved, some important implications are†¦ Long-run relevant cash flows will be reduced, and operating income will increase. If this problem does not get solved, some important implications are†¦ An opportunity to decrease relevant cash flows will be missed. The potential alternative solutions to solve the problem are†¦ Keep the status quo or make a tough decision that will benefit Shamrock in the long-run. Note: if the problem is one-dimensional, there may be just one correct solution. Step 4: Make decisions by choosing among alternatives. What is the best solution and why†¦ By the new equipment, because it decreases long-run relevant cash flows. Step 5: Implement the decision, evaluate performance, and learn. In business, the fifth step in the decision making process is implementation. In the MBA program, most times you will end with Step 4 since you will not have the opportunity to implement. You may be asked to develop an implementation plan and recommend how you will evaluate performance in some assignments.

The importance of the theory of Keynesian Economics

The importance of the theory of Keynesian Economics The theory of economics called Keynesian Economics, or Keynesianism, is named after the British economist John Maynard Keynes. Keynes lived from 1883 1946, and was considered the greatest and most influential economist of the 20th century. (Kangas, 1996). It was the use of the Keynesian Theory of economics by the government that was a strong influence of the Great Depression coming to an end. Because of this, he is known as the father of modern economics. (Kangas, 1996). When Keynes first suggested the use of his theory to help solve the problems of the Great Depression, he was not met with the same enthusiasm. Because of the incredible size and widespread effects of the Great Depression, many felt that any cause of such devastation must be as complicated as the results. Keynes, however, had a simple explanation of the cause of the Great Depression. In fact, upon sharing his theory with President Franklin Roosevelt, the President dismissed his words by saying that such a theory is too easy. (Kangas, 1996). The theory for which was considered too easy (Kangas, 1996) by President Roosevelt was actually fairly simple. In regards to the explanation of slumps in the economy, Keynes had a simple reasoning. Keynes explained that in any normal economy, the level of employment is high, and therefore the earnings of the people are spent as usual, meaning there is a circular flow of money in the economy. With this circular flow, the money spent by one person becomes the income of another person, and those earnings are spent and become the earnings of the previous person. However, when something happens in the economy to worry consumers and shake their confidence, those consumers will then decide to save their money instead of spending it to prepare for whatever lies ahead. Unfortunately the saving of that consumer will affect other people because the money saved instead of spent is no longer given to the intended person. When people save instead of spend, it affects others that are no longer gett ing the expected income, and they will then start saving themselves. It becomes a viscous circle which makes the times and economy more difficult. (Kangas, 1996). With the obviously negative effects that a slump would cause within an economy, Keynes devised a cure for the problem. The cure for this problem, which is also considered to be quite simple, is for banks to increase or expand the supply of money. By doing so, the people would have more money, which would increase confidence in the economy by the consumer now having more earnings. With the increased confidence, people would begin to spend, which would re-establish the circular flow of money. (Kangas, 1996). The larger problem of the Great Depression, however, was much larger than that of a recession, or slump. Keynes belief of the depression was that it was actually a recession that had fallen into something called a liquidity trap. (Kangas, 1996). A liquidity trap is due to those people that choose to save their money rather than spend, and will continue to do so regardless of how much the supply of money is increased by the government. Due to the lack of consumer spending, Keynes believed that the government should then be the one doing the spending, since the consumers were not. This idea of increasing government spending was considered a final effort by the government to reestablish the circular flow of money. (Kangas, 1996). In Keynes own words, he called this last-ditch effort by the government, priming the pump. (Kangas, 1996). Although in the end Keynes theories were used to end the Great Depression, they were at first rejected. To many economists, the end of the Great Depression was caused by World War II, in which the United States started spending massive amounts of money on defense. Because of this, many say that wars are good for the economy. (Kangas, 1996). Wars are considered to cause an economic boom due to the massive amounts of spending during the war, which is in extent the definition of Keynesian spending. With Keynesian spending, the U.S. went to the greatest economic boom ever, from the greatest depression ever, all due to the theory of Keynesian Economics. The use of Keynesian Economics during this time was so successful that President Nixon declared, We are all Keynesians now. (Kangas, 1996). This view of Keynesian Economics was dominant from the 1940s to the 1970s, until others began to challenge this theory. (Boyes Melvin, 2008, p.347). In an explanation of Keynesian Economics by Alan S. Blinder (2008), he defines Keynesian Economics as a theory of total spending in the economy (called aggregate demand) and its effects on output and inflation. Upon researching Keynesian Economics, there appear to be many principal ideas to the theory. The first idea, or belief, is that aggregate demand is influenced by a host of economic decisions both public and private and sometimes behaves erratically. (Blinder, 2008). These economic decisions are based on things like spending and taxes. Many economists believe that both taxes and spending affect aggregate demand. (Blinder, 2008) Another belief of Keynesian Economics is that changes in aggregate demand, whether anticipated or unanticipated, have their greatest short-run effect on real output and employment, not on prices. (Blinder, 2008). This idea is shown when inflation slowly rises as unemployment falls. This belief of Keynesians is that what can be seen in the short run is not necessarily the same as the long run. Also, due to the rigidity of prices, any changes or fluctuations in spending, whether by government spending, investment, or consumption, will cause a change or fluctuation of output. For example, if there is an increase in government spending, then an increase in output should occur, as long as the other areas of spending are constant. (Blinder, 2008). In addition, this model of Keynesian economics also has a multiplier effect. With this multiplier effect, output increases by a multiple of the original change in spending that caused it. (Blinder, 2008). For this multiplier to work, however, it must not be less than zero. Also, in yet another belief of Keynesians is that prices, and especially wages, respond slowly to changes in supply and demand, resulting in periodic shortages and surpluses, especially of labor. (Blinder, 2008). In this belief, it is stated that flexibility is limited in terms of wages and prices, no matter the arrangements. (Blinder, 2008) These beliefs are all included in the theory of Keynesian Economics. Although this theory was greatly used during the 1940s to the 1970s, it became much less commonly used, and was replaced with other economic theories. Since then, however, the theory of Keynesian Economics had made a comeback. The main reason for this comeback was due to the ability of this theory to explain the events that have happen since the end of the Great Depression better than many other economic theories. (Blinder, 2008). In conclusion, the theory of Keynesian Economics was an extremely important part of the history of the economy. This theory was an enormous part of the end of the Great Depression. It also was a key in giving an explanation to the various changes in the economy, such as slumps and recessions. While not all economists may agree that this theory is the way to correct problems in the economy, it was very obviously the correct theory needed for its time. Because of the importance of this theory, the creator of the theory, John Maynard Keyes, is considered the father of modern economics. (Kangas, 1996).

A Work of Artifice - A Profound Poem for Many Cultures Essay -- Poetry

"A Work of Artifice"- A Profound Poem for Many Cultures Suppression of women has occurred in all societies. Damage created by societal repression ranges from psychological damage to physical damage. Â  The suppression of women is not only perpetrated by men, often other women support the cultural traditions which are damaging, as they themselves grew up within the confines of those social norms. Â  Marge Piercy, a feminist activist, writer and poet makes a statement against social norms damaging to women with her poem, "A Work of Artifice". After reading the poem, one can certainly appreciate the fact that many norms embraced as acceptable for a woman causes physical and psychological damage to their total health. Through "A Work of Artifice", Piercy delivers a poignant message to societies everywhere. A "Work of Artifice" contains images of female suppression from various cultures. Piercy uses the symbol of a bonsai tree to represent a woman that has been conformed to society. The gardener "whittles back the branches" (Piercy, 10) every day, as a society or group forms a woman into what they think is decent or acceptable. Much literature, as well as other forms of media is devoted to depicting women who find themselves trying to achieve their dreams, while simultaneously having to work against the wishes of the greater part of their societies. Sometimes the heroines have to struggle to overcome society created morals within themselves. An example of this can be found within David Graham Phillips' novel The Price She Paid. The heroine, Gertrude, must give up her notions (which have been impressed upon her since birth by her family, community, and the larger part of New York Society) of what a "lady's" occupations and actions sho... ... binding- lotus shoes". San Francisco Museum: 1999. 13 Mar 2003 <a href="http://www.sfmuseum.org/chin/foot.html">http://www.sfmuseum.org/chin/foot.html</a> Eliade, Mircea, The Sacred and the Profane. Trans. Willard R. Trask. Â  New York: Harcourt Inc, 1959 "Female Genital Mutilation, a course pack". Amnesty International Website. 14 Mar 2003 <a href="http://www.amnesty.org/ailib/intcam/femgen/fgm1.htm#ref1">http://www.amnesty.org/ailib/intcam/femgen/fgm1.htm#ref1</a> Phillips, David Graham, The Price She Paid. IndyPublish.com: 2002. 14 Mar 2003 <a href="http://jollyroger.com/library1/ThePriceShePaidbyPhillipsebook.html">http://jollyroger.com/library1/ThePriceShePaidbyPhillipsebook.html</a> Piercy, Marge, "A Work of Artifice". Literature: Thinking, Reading and Writing Critically. Ed. Sylvan et al. 2nd ed. New York: Longman, 1997: 882-83, 894

The Hot Zone by Richard Preston :: Book Report The Hot Zone

The Hot Zone by Richard Preston   Ã‚  Ã‚  Ã‚  Ã‚  In October of l989, Macaque monkeys, housed at the Reston Primate Quarantine Unit in Reston, Virginia, began dying from a mysterious disease at an alarming rate. The monkeys, imported from the Philippines, were to be sold as laboratory animals. Twenty-nine of a shipment of one hundred died within a month. Dan Dalgard, the veterinarian who cared for the monkeys, feared they were dying from Simian Hemorrhagic Fever, a disease lethal to monkeys but harmless to humans. Dr. Dalgard decided to enlist the aid of the United States Army Medical Research Institute of Infectious Diseases (USAMRIID) to help diagnose the case. On November 28th, Dr. Peter Jahlring of the Institute was in his lab testing a virus culture from the monkeys. Much to his horror, the blood tested positive for the deadly Ebola Zaire virus. Ebola Zaire is the most lethal of all strains of Ebola. It is so lethal that nine out of ten of its victims die. Later, the geniuses at USAMRIID found out that it wasn't Zaire, ! but a new strain of Ebola, which they named Ebola Reston. This was added to the list of strains: Ebola Zaire, Ebola Sudan, and now, Reston. These are all level-four hot viruses. That means there are no vaccines and there are no cures for these killers.   Ã‚  Ã‚  Ã‚  Ã‚  In 1976 Ebola climbed out of its primordial hiding place in the jungles of Africa, and in two outbreaks in Zaire and Sudan wiped out six hundred people. But the virus had never been seen outside of Africa and the consequences of having the virus in a busy suburb of Washington DC is too terrifying to contemplate. Theoretically, an airborne strain of Ebola could emerge and circle the world in about six weeks. Ebola virus victims usually "crash and bleed," a military term which literally means the virus attacks every organ of the body and transforms every part of the body into a digested slime of virus particles. A big point that Preston wanted to get across was the fact that the public thinks that the HIV virus is quite possibly the most horrible virus on Earth, when no one takes into mind the effects and death of the victims of Ebola. Preston shows how Ebola and Marburg (a close relative of Ebola) is one hundred times more contagious, one hundred times as lethal, and one hundr! ed times as fast as HIV. "Ebola does in ten days what it takes HIV ten years to accomplish," wrote Richard Preston. The virus, though, has a hard time spreading, because the

Necessities in Tim OBriens Things They Carried :: Things They Carried Essays

Necessities in The Things They Carried      Ã‚  Ã‚  Ã‚  Ã‚   In The Things They Carried , the characters themselves probably could not tell you why they carried many of the things they did.   The things they carried can be divided into three basic groups, the things that everyone had to carry in order to survive, the things that individuals chose to carry, and the mental burdens that many carried without choice.      Ã‚  Ã‚  Ã‚  Ã‚   The necessities that the men were forced to carry were, for example, P- 38 can openers, pocket knives, matches, C-rations, water, a nylon covered flak jacket, an M-16 assault rifle, and for Henry Dobbins, an M-60, which weighed 33- 38 pounds including ammunition.   All of these items were carried for two simple reasons, to survive, and to kill which was of course their job.      Ã‚  Ã‚  Ã‚  Ã‚   Next, the things that each individual chose to carry, for many of the men , these items were things that they personally believed that they could not live without, but to others would be unnecessary for survival.   For First Lieutenant Jimmy Cross it was pictures of Martha, and also letters from her whom he loved unrequitedly.   Another example and proof of irrelevance to survival was Ted Lavenders six or seven ounces of dope and nine extra M-79 Grenades which he was carrying when he was shot in the head.   Extras such as these really did nothing more than give the men a false sense of security, which was probably necessary to cope with their surroundings.      Ã‚  Ã‚  Ã‚  Ã‚   Last but certainly not least they carried with them love, guilt, memories, and fear of death.   Lieutenant cross, for example carried love, guilt, and even though he tried never to show it, fear.   Tim O'Brien shows us this in the passage shortly after the death of Ted Lavender, "He pictured Martha's

After high school

Essay After high school, when I first started college I wasn't really sure what I wanted to do with my life at the time, but I had planned to be a business man of some sort and get my degree in business, then I realized that in todays economy most new businesses are not that successful, plus you need money to actually start up a business on your own. So I did some thinking and have decided to get my degree in science and become a pharmacist.The reason I choose this field is because they get paid quite a it annually, they are in demand as well as doctors and physicians assistants, so you wouldn't have to worry about losing your Job due to having too many of them. If I go through with becoming a Pharmacist, I would want to work at a big building of some sort, for example, a hospital, or somewhere besides a drugstore like Walgreens or CVS. The only thing as of now that I wouldn't like about being a pharmacist is the fact they have to stand on their feet most of the day, which I wouldn't mind if I could actually walk around to different areas of my workplace.Also the fact that what they do is going to be the same every day. If I decided not to become a pharmacist, I would probably think about being a physician's assistant. My reason for that is because they also get paid well, you could learn and experience a variety of different things in that type of work, and their duties can change on certain days since they are assisting the actual physician. I don't like the fact that a physician's assistant will never be independent, and that they might actually have to operate on people.