House Prices and the Wealth Effect Essay Example | Topics and Well Written Essays - 1000 words - 11

House Prices and the Wealth Effect - Essay Example In a typical household, shares account for a relatively smaller proportion of average assets while housing takes the huge proportion. People will rather invest in housing that has moderate rises in price compared to the stock market that has sharp unpredictable prizes. Home values are thus more evenly distributed that financial related wealth that is spread among the rich whose spending has less effect on changing waves. Change in house prices thus presents much higher effect to many people that change in share prices (Case, Quigley, & Shiller 3). However, this is not true across all economies. The influence of financial assets is much greater than that of housing wealth in Britain than in America because of Britain having refined instruments through which money is spent. In America, weakness in wealth effect on consumption was expected to reduce spending but the opposite happened. As more Americans became poor from the fallen share prices, spending grew considerably hence helping America avoids getting into recession. Housing prices instead went higher thus squaring out the effect of fallen stock prices. However, empty homes and increased unemployment have indicated that consumer spending is driven by real earnings that influence projections of earnings from stocks, property, and bonds. Thus fallen asset values that cause investors to spend less and the rest are put into savings (The Economist, â€Å"A housing slump helped† 1). For example in the US in 2004, an increase in wealth by $1 caused an increase in spending between 1 and 7 cents. This translated to 0.0375 wealth effect for a model that assumed equal effect between housing and financial assets. The policymakers consider housing wealth as having a similar effect as financial wealth in microeconomics sense. However, some people have already established fault in such conclusion. They argue that increase in the price of property increase cost of housing.  

Punctuated Equilibrium Theory

Punctuated Equilibrium Theory Puppet www.youtube.com/watch?v=QFcqvBk1gNA With businesses becoming increasingly dependent on IT systems which are constantly becoming larger and more complex, its critical that they are managed efficiently. Systems administrators are tasked with the management of these systems, with a large amount of their time being spent on repetitive processes such as deployment, configuration and updates. Puppet provides an expansible configuration management platform that can be used to help automate these tasks, increasing the speed, reliability and auditability of the process. Puppet works by providing a language that allows you to define exactly how your infrastructure should be configured. This provides consistency across the infrastructure and increases security by ensuring all systems are configured correctly. If a configuration change is needed, the change only must be made once before it can then be pushed out and applied to the entire infrastructure. This also inherently improves the auditability of the infrastructure by ensuring all security and compliance policies are rolled out across the entire organization. A graphical dashboard allows the status all parts of the organizations infrastructure to be tracked and can generate reports, providing a quick and easy way to complete security and compliance audits. The Health industry has some of the most onerous compliance requirements to ensure the strict security of patient data. Implementing Puppet would allow system administrators to streamline the compliance process by pushing required configuration and software updates across their entire infrastructure quickly and easily. An important part of demonstrating compliance of security policies is ensuring users only have access to the systems they are authorized to use. Puppet includes role-based access control features which allow administrators to assign specific permissions to users on both an individual and group level and can be integrated with existing directory services such as Active Directory and OpenLDAP. Ensuring users have access to the systems and hardware they require to complete their respective roles without impacting productivity whilst maintaining security and compliance is key to ensuring a successful workplace. Larger Health organizations such as Ramsay Health Care which has over 220 hospitals and day surgery facilities across Australia, France, the United Kingdom, Indonesia and Malaysia (About Ramsay Health Care, n.d.) could take advantage of the high availability and scalability of Puppet. High availability configurations eliminate downtime by having multiple Puppet servers across multiple locations which provide failover and redundancy in the event of an outage at another location while also ensuring performance. Puppet can be configured to manage any number of nodes across any number of locations which can help consolidate staff and ensures consistency across all locations. The Punctuated Equilibrium Theory suggests that within the Information Technology industry, technology is primarily in a state of equilibrium, with only minor changes occurring. However occasionally technology can go through short revolutionary period that can disrupt the equilibrium and bring on large disruptive change, which will then become the basis for the next equilibrium period. Adoption of this technology offers to change how infrastructure is managed in a revolutionary way. The implementation and management of the underlying systems can be automated in a way that allows staff responsible for these tasks to spend less time on repetitive system configurations and fixing known issues. With business becoming increasingly reliant on on-premises, cloud and hybrid-cloud infrastructures its only a matter of time before automation platforms such as Puppet become commonplace. References Grudin, Jonathan. (2012) Punctuated equilibrium and technology change. interactions 19, 5 (September 2012) 62-66. doi: 10.1145/2334184.2334200 Krum, S., Hevelingen, W. V., Kero, B., Turnbull, J., McCune, J. (2013). Pro Puppet. doi: 10.1007/978-1-4302-6041-7 Puppet. (n.d.). Puppet The shortest path to better software. Retrieved March 11, 2017, from www.puppet.com Puppet. (2016, August 2). How Puppet works.[Video file]. Retrieved from https://www.youtube.com/watch?v=QFcqvBk1gNA Ramsay Health Care. (n.d.) About Ramsay Health Care. Retrieved 15 March 2017, from http://www.ramsayhealth.com/About-Us

Slavey Then And Now :: essays research papers

Slavery: Then and Now When we think about slavery many things come to our mind. There are many different ways one can describe slavery. If you were to look it up in a dictionary it would say that a slave is â€Å"one who is owned and forced into service by another,† this was the definition given in the Webster’s Dictionary. But then again if you were to look it up in the Oxford Dictionary the definition given here is of one who is an â€Å"obsessive devotee.† On the whole slavery can have different meanings to different people. The meaning of slavery has a different meaning today than it did years ago. As Alex Haley wrote, slavery was difficult to explain years ago because it was going on at the time. Today when someone says the word slavery more than half of the people would think of plantations and people being forced to work the land and being mistreated. But what do you say to a little child who comes up to you and asks you want slavery is? In today’s society we can take the word slavery and put it to the modern days. Would one say that slavery only existed years ago when plantation owners would buy people to force them to do hard labor and mistreat them, or would one mention about the slavery that goes on in today’s society? What about the people who are forced to do hard labor like many years ago? Many people do not realize it but indeed we do have modern-day slavery. What is today’s modern day slavery? There are several things that can be put into today’s slavery. This is one problem that is often over looked in today’s society. It may not have as much impact as it did years ago, but if we stop and think about it, this problem is still as harsh and crude as it was years ago. I would think that up to some extent the problem has grown now because it is in fact often overlooked. For example in Sudan, as a result of an Islamic vs. Christian civil war, women and children that are mostly black and Christian are captured in raids. They are later sold as chattel slaves in â€Å"modern day slave markets†. Now the question that I have is, â€Å" Does a human life have a price?† Well according to these people it does, and the price that they decided to put on a human life has been as low as fifteen dollars.

Research Methods Course Outline Essay

The course aims at deepening the students understanding of the integration of Airports as a key part of the economy in less than one century since their inception. It also helps the students learn about the dynamics of the airports and the challenges facing the growth of airports as part of the service sector. The students get to know and understand the forces involved in running and maintaining an airport system. Topics to be covered 1. Introduction a) What is operations management and what does it involve? b) Why is airport operations management important in the running of airports? 2. Background of Airport business a) History and commercialization of airports b) Description of the air transport system 3. Queuing theory a) What is queuing theory b) Importance of queuing theory in airport operations c) Service structure in a queuing system 4. Airport Facility location and layout a) Importance of airport facility location b) Importance of airport layout 5. Airport technical and essential services a) What are airport technical services b) History of airport technical services c) Other essential services at airports 6. Airport Capacity and delay a) Factors affecting capacity and delay in commercial airports b) Strategies to reduce airport delays. c) Grand Father rights and their effects on airport delays 7. Airport Aircraft emergencies a) Definition of Aircraft Accidents and Incidents b) Description of aircraft accidents by phase of flight c) Managing human factors to reduce aircraft accidents d) Categories of aircraft emergencies at airports e) Airport emergency plan 8. Financing of airport operations and business a) What is financing b) Budgeting for airport operations c) Sources of Airport Revenues d) Funding of airport operations 9. Managing airport projects a) What is project Management b) Project management skills and requirements c) Feasibility study for projects 10. Comparison of leaders and managers a) Why are firms changing from management to leadership b) Comparison of various leadership theoriesapplicable to airport operations management 11. The future of the airport business and operations a) Planning for future development and expansion of airports b) Managing the â€Å"knock on† effects in the airport business c) Challenges facing the airport business and the aviation industry. d) Conclusion of the course.

Group Project

You have just been part of a merger. You have each been chosen to head up your department and merge the two groups into a self-directed work team. Work with each other to lay out a plan describing how you will develop a new team within your department or departments. It is natural that there will be some confrontations between people. Look at the stages of team development and use that knowledge to work with the team. It is recognized that some employees will refuse to be part of the team. In fact, the new ownership expects that there will be some who lose their jobs because of these issues; however, that is a last resort.Use all your skills to negotiate with employees in an attempt to resolve conflicts and pull your team together. Because you are working together as a team, it is seen by the ownership that if one is successful, you are all successful. Likewise, if one fails, you all fail. The future success of the company is dependent on your mutual success. Consider the following: * As a team, you must come up with a plan and be in agreement because you have to implement it in your departments. For the plan of team development, I will use Tuckman's Theory, namely, Forming, Storming, Norming- Performing.The first step that I will take is to form a team that has all the talents and abilities required for the tasks at hand. This means a careful inventory has to be developed of the skills, and abilities and checking if these are appropriate and adequate for the task at hand. When developing a plan the objective is to develop a team that is high-performing and brings the advantages of synergies after the merger has taken place. Forming: During this stage of the team, there is a desire to be accepted and to avoid conflict; The tasks are allotted according the skills and abilities of the persons.The tendency during this stage is to study the other members and avoid confrontation. The team members get to know each other. It is planned that this stage should last for one week. Storming: As the owners give challenging tasks to the team there is storming and different ideas compete for consideration. I will ensure that even though confrontational ideas are presented, there is productive input and good ideas are accepted. I will use tolerance and patience because at this stage there is likely to be conflict among the employee groups belonging to each merging company. I will ensure that more comfortable interaction is possible.This stage will take two weeks time. Norming: During this phase I will ensure that the team has only one goal and a plan will be developed to achieve the tasks given to the team. At this time norms will be developed for tackling different tasks assigned to the team and the manner in which they will be executed. The normng phase will take one weeks time. Performing: To get the team performing, I will get the team members to carry out multi-functional tasks and to become mutually interdependent. I will set challenging goals for the team and set criteria by which the performance will be evaluated.The objectives of the team and the criteria for performance evaluation will be so designed in such a manner that the team members become interdependent. I will actively participate in the activities of the team and motivate the team members. The decision making will be participative and will encourage new ideas and even dissenting thoughts; The performing stage will continue for a period of six months. After a period of seven months it is expected that the team will be a cohesive, high performing, and synergetic. * For each step you take, provide a brief explanation of your reasoning.Forming: during this step there is a gathering of information about the team members from the other company; There is also an attempt by the member of the acquiring company to exert their power and become dominant. At this stage simply allotting task according to the skills and abilities creates a feeling that every person has a rightf ul place in the team. Storming: During this step the inherent conflict between employees of the acquiring company and the acquired company come out into the open. There are conflicts over small issues, and the acquired company members will test the rules to see if they get a fair deal.To motivate team members they must be made to feel that every person will be treated equitably. (Remember Stacey Adam's equity theory). Norming: During this stage rules of teamwork are formed and there is a give and take. The team members understand the concerns of the other members easily. Performing: During this stage by setting objectives/goal, and setting criteria for performance evaluation, I compel the group to become interdependent and flexible. This is the most direct way of ensuring that synergies are achieved. I will take certain steps during the team formation process to ensure that the team formation is successful.Since, the members of the team come from different cultures; I will not impos e outside principles or ground rules from outside. Further, since there are persons from different companies, I will ensure that the group does not get caught up in details, nor will I allow the persons from one company dominate others. I will ensure that each member of the team gets an equal say. In addition, I will set challenging targets for the team and the objectives will not merely be in financial terms. Moreover, I will encourage sharing of information and cultural integration. Finally, I will not allow random or undirected changes to my plans.

Free Essays on Sex In Advertising

SEX IN ADVERTISING Sex sells. A truth known in advertising, this famous clichà © has become the core of most American advertising tactics. In everyday life, the average buyer is subjected to thousands of ads each day, many of which contain sexual imagery. Flipping through a 200-page Abercrombie and Fitch clothes catalogue and searching on their internet site, you notice something odd–the models are not wearing any clothes. Not only are they buff, and naive looking, men and women nude, but they are posed in numerous sexual poses. The issue includes a shot of a girl at the seashore arching her back, putting her fingers through her hair, naked from the waist up, and a hot guy wearing a wet T-shirt and nothing else ...grabbing his crotch; other shots contain group kisses. Also when I first entered the site the first picture that came up were 4 guys laughing together with no clothes on. Near the end of the catalog that comes out every quarter, finally, there are clothes showed, modeless. I believe t he creators of their advertisement needed a way to show their non-sexual clothing in a sexual way to get the buyer to be intrigued about wearing it. Abercrombie obviously is doing well if they have been around since 1892. Eventually, sex sell ads will seem like they are getting old so I think that in order to avoid this occurrence, balancing appropriate influential tactics with promotional advertising would be the best thing to do.... Free Essays on Sex In Advertising Free Essays on Sex In Advertising SEX IN ADVERTISING Sex sells. A truth known in advertising, this famous clichà © has become the core of most American advertising tactics. In everyday life, the average buyer is subjected to thousands of ads each day, many of which contain sexual imagery. Flipping through a 200-page Abercrombie and Fitch clothes catalogue and searching on their internet site, you notice something odd–the models are not wearing any clothes. Not only are they buff, and naive looking, men and women nude, but they are posed in numerous sexual poses. The issue includes a shot of a girl at the seashore arching her back, putting her fingers through her hair, naked from the waist up, and a hot guy wearing a wet T-shirt and nothing else ...grabbing his crotch; other shots contain group kisses. Also when I first entered the site the first picture that came up were 4 guys laughing together with no clothes on. Near the end of the catalog that comes out every quarter, finally, there are clothes showed, modeless. I believe t he creators of their advertisement needed a way to show their non-sexual clothing in a sexual way to get the buyer to be intrigued about wearing it. Abercrombie obviously is doing well if they have been around since 1892. Eventually, sex sell ads will seem like they are getting old so I think that in order to avoid this occurrence, balancing appropriate influential tactics with promotional advertising would be the best thing to do.... Free Essays on Sex In Advertising Using sexually provocative material makes advertising more effective. Many people have different opinions on this controversial issue. Sex is appealing and sex in ads often makes the ads appealing also. Although some companies say they never use sex to help any of their products sales. Could it be found through research of sexual ads, magazines, movies, and interviews that using sexually provocative advertising is or isn’t effective? Using sex in advertisement has its double standards, because what is considered to be sexy to a man may be trash to a woman. In some cases the product is overshadowed by sex anyway, that’s all that most males will remember, the sexual content. (www.wsu.edu:8080/~taflinge/sex.html, Richard F. Taflinge, 5/28/96) Sex in ads is seen by some of society as unnecessary and vulgar. On the other hand though, there is a percentage that thinks it’s acceptable and effective. A random number of students were interviewed at Northern Kentucky University, and were asked questions like, â€Å"Is it ok to use sex in advertising?† And, â€Å"Does it motivate you to buy the product?† (www.nku.edu/~issues/sexinadvertising/interviewnonapp.html, Kara McElwee, 3/31/04) Jennifer Drews, a student at Northern Kentucky University says she thought it was ok to use sex and she admitted it does motivate her to buy the product. Another student, Aaron Nieporte said that it’s ok for cologne ads but as for underwear it has to be sexy on him not the model. Jennifer Super said, â€Å"It’s alright to a certain extent. They tend to go overboard sometimes. It does not motivate me to buy a product.† (www.nku.edu/~issues/sexinadvertising/interviewnonapp.html, Kara McElwee, 3/31/04). Lewis Prabell said sex in advertising is ok, but it didn’t influence him to buy a product either, and Christy Doerhofer didn’t have a problem with it as long as it was tasteful and depending upon the model she might be persuaded to buy the pro...

Free Essays on Fashion Magazines Affect on Teenage Girls

Reading fashion magazines can detrimental to teenage girls because such magazines can lower a girl’s self-esteem. Teenage girls see images of beautiful women in these magazines and think to themselves â€Å"I wish I could look like that, beautiful and skinny.† The truth is only there are few women who actually look like that, compared to the rest of the female population. And also the women don’t look that perfect to begin with. The images shown in these fashion magazines are airbrushed, altered, and fixed. This thinking that models are the ultimate beauty and that we should all strive to look like them is what can cause eating disorders in teenagers. They see a perfect-bodied woman and think about how perfect their life must be, and then go to dangerous lengths to be skinny. Some girls will do anything to try to reach this unattainable perfect body. Even though they may not think so, the teenagers self esteem goes down with their weight. Eventually, they will gain the weight back from the crash dieting or binging and purging, and then feel worse than before. We should have people of every size in fashion magazines, and then maybe girls will learn that everyone is different, and perfection is inevitably unattainable.... Free Essays on Fashion Magazines Affect on Teenage Girls Free Essays on Fashion Magazines Affect on Teenage Girls Reading fashion magazines can detrimental to teenage girls because such magazines can lower a girl’s self-esteem. Teenage girls see images of beautiful women in these magazines and think to themselves â€Å"I wish I could look like that, beautiful and skinny.† The truth is only there are few women who actually look like that, compared to the rest of the female population. And also the women don’t look that perfect to begin with. The images shown in these fashion magazines are airbrushed, altered, and fixed. This thinking that models are the ultimate beauty and that we should all strive to look like them is what can cause eating disorders in teenagers. They see a perfect-bodied woman and think about how perfect their life must be, and then go to dangerous lengths to be skinny. Some girls will do anything to try to reach this unattainable perfect body. Even though they may not think so, the teenagers self esteem goes down with their weight. Eventually, they will gain the weight back from the crash dieting or binging and purging, and then feel worse than before. We should have people of every size in fashion magazines, and then maybe girls will learn that everyone is different, and perfection is inevitably unattainable....