The effect of increased bank deposits ration with Chinese Central Bank Essay

The effect of increased bank deposits ration with Chinese Central Bank - Essay Example The effect of increased bank deposits ration with Chinese Central Bank If Chinese banks make more deposits with the central, the level of their total assets increase by the amount of deposits made to the central bank. Consequently, the central bank’s liabilities increase by the same amount of banks deposits. In most cases, the move will ensure that excess reserves within the banking system are reduced. In fact, banks will have to reduce their lending to households and firms by an equivalent amount deposited with the central bank. This policy measure could be realized if the central bank opts to sell bonds to banks from its portfolio to reduce excess reserves. For instance, the central bank might sell government bonds from available portfolios and the bonds could in turn be purchased by Chinese commercial banks. When banks make bonds payments by depositing an equivalent amount in reserves to the central bank, banks liabilities will increase by the amount of deposits made to the central whereas assets will increase by the amount of interest bearing bonds. However, the central bank’s assets will increase by the amount of deposits made while the assets will reduce by an equivalent amount of bonds issued. There are also numerous economic impacts ensuing from the decision made by People’s Central Bank. The effects are apparently depicted on the economic equilibrium (GDP) and expenses incurred. Indeed, the People’s Central Bank decision announcement that banks needs to hold extra deposits with China’s central bank causes considerable economic impact.

Latinos Illegal Immigration Essay Example for Free

Latinos Illegal Immigration Essay â€Å"The contribution of immigrants can be seen in every aspect of our national life. We see it in religion, in politics, in business, in arts, in education, even in athletics and in entertainment. There is no part of our nation that has not been touch by our immigrant’s background† As we all know, John F. Kennedy was passionate about emigrational issues, throughout his presidency. He always said that America is a nation of people with values and traditions. He believes everybody deserves the freedom to build better lives for themselves as well as for their family members in their adopted homeland. Throughout the years, numerous folks have immigrated from all around the world to the United States. Today, Latinos are the largest minority group in the United States. â€Å"About 44 million Latinos have been officially tallied; another 9 million Latinos are living here illegally. † The Latinos substantial Illegal immigration into the United State has provoked a mayor concern. There are many concerns about Latinos illegal immigration such as, the impact on the United States economy, as well as for their motherland, also the physical danger they have to experience on their journey, and the psychological sufferings they have to live with in order to live the American dream. To begin with, going back to the 1800’s, before the Europeans immigrated into the United States, Latinos had already established settlements in New Mexico and Florida, And have contribute to the development of this country. According to the statistical abstract of the United States about 43 million people can trace back to their Hispanic origin. Even after all of the history of Latinos in America, U. S. officials begun to build a 670 miles-long-wall on the U. S. borders to control the illegal immigration. Despising protest from environmental groups and the Mexican government, the U. S. government continues work on keeping Latino illegal immigrant away from the U. S borders, but then again about 300,000 people elude detention and make it to the United States each year, and about million get arrested and return to their native land. Despite walls and border patrol official as long as there is poverty in third world countries, undocumented immigrant will continue to find a way to fight for the American dream. Then again â€Å"what is the American dream? † The American dream is to come to the United States and work hard. Their goal is not to get rich and make millions of dollar but instead all they want to do is to provide their families a better life style. Many travel the journey alone, because they know how dangerous and risky this experience can be. Some people try over and over if they were not successful the first time. Once they finally make it across; they live in the worst conditions and share their living space with 8 other people just to be able to save as much as they can so one day they can return to their motherland, and enjoy the fruit of their hard work with their loved ones. One of the biggest controversies about illegal immigration for many Americans is that if more illegal immigrant crossed the border, the jobs availability will decrease. That is understandable. Many Latinos that work in the United States work hard and have more than one job at the same time. The irony of all is that the jobs these illegal immigrants do are those ones no one wants to put their hands on, because either those jobs are difficult to do or because the pay is not enough. I do not think any of the protestants groups against Latinos illegal immigration have ever think that these people had never had the chance to go to school and educate themselves. Every American in this country had the privileged to get education. But instead there are many that chose not to take advantage of that. They rather live of welfare and social security. I do not know who is worst, us hypocrites citizens that are always trying to eat the smallest fish or these companionate people that all they care about is the wellbeing of the people they love. This type of egoism and greed is what has brought biggest empires down. Furthermore, another concern is that millions of dollars being send throughout Latino America without being tax. This concern affect us all, since must of the money from taxes is use to run public schools, hospitals, public transportation, etc. n my opinion, I agree with this concern, but in the other hand I am sure that if they were given a chance to contribute to the growth of this country; they will take care of their responsibilities. In addition to the effect of immigrants in the United states economy. I would like to talk about the physical and emotional impact of have to go through after they make the decision of fulfilling their American dreams. While doing this research I stumble upon a short article by James M. Henslin call â€Å"The Illegal Travel Guide† this article explains the experience from a different point of view. Manuel was a drinking buddy of Jose, a man I had met in Colima, Mexico. At 45, Manuel was friendly, outgoing, and enterprising. Manuel, who had lived in the United States for seven years, spoke fluent English. Preferring to live in his hometown in Colima, where he palled around with his childhood friends, Manuel always seemed to have money and free time. When Manuel invited me to go on a business trip with him, I accepted. I never could figure out what he did for a living or how he could afford a car, a luxury that none of his friends had. As we traveled from one remote village to another, Manuel would sell used clothing that he had heaped in the back of his older-model Ford station wagon. ? At one stop, Manuel took me into a dirt-floored, thatched-roof hut. While chickens ran in and out, Manuel whispered to a slender man who was about 23 years old. The poverty was overwhelming. Juan, as his name turned out to be, had a partial grade school education. He also had a wife, four hungry children under the age of 5, and two pigs his main food supply. Although eager to work, Juan had no job, for there was simply no work available in this remote village. As we were drinking a Coke, which seems to be the national beverage of Mexicos poor, Manuel ex ­plained to me that he was not only selling clothing he was also lining up migrants to the United States. For a fee, he would take a man to the border and in ­troduce him to a wolf, who would help him cross into the promised land. When I saw the hope in Juans face, I knew nothing would stop him. He was borrowing every cent he could from every friend and relative to scrape the money together. Although he risked losing everything if apprehended and he would be facing unknown risks, Juan would make the trip, for wealth beckoned on the other side. He knew people who had been to the United States and spoke glowingly of its opportunities. Manuel, of course, the salesman he was, stoked the fires of hope. Looking up from the children playing on the dirt floor with chickens pecking about them, I saw a man who loved his family. In order to make the desperate bid for a better life, he would suffer an enforced absence, as well as the uncertainties of a foreign culture whose language he did not know. Juan opened his billfold, took something out, and slowly handed it to me. I looked at it curiously. I felt tears as I saw the tenderness with which he handled this piece of paper. It was his passport to the land of opportunity: A social security card made with his name, sent by a friend who had already made the trip and who was waiting for Juan on the other side of the border. It was then that I realized that the thousands of Manuels scurrying about Mexico and the millions of Juans they are transporting can never be stopped, for only the United States can fulfill their dreams of a better life. Henslin, The Illegal Travel Guide) ? In conclusion, I believe that the illegal immigration to the United States makes a big impact on our country’s economy and Latino America’s. Nevertheless, I cannot even imaging how hard is for this people to make a life changing decision without any warranty. Crossing the borders is not easy. Many people have lost their live trying; many others are still traumatized about their journey, some have vanished in desert; their family members never heard from ever again. The psychological impact for these individuals is almost insufferable. Even knowing what the consequences might be, they leave everything behind and spend every penny they have to travel to the United States, just to offer their families a better life style. They believe this is the country of freedom, progress and opportunity, just what our founding fathers stood for. A society of immigrants, each of whom had begun life anew, on an equal footing. This is the secret of America: a nation of people with the fresh memory of old traditions who dare to explore new frontiers. â€Å"(Kennedy)

A Report On International Marketing Strategy Marketing Essay

A Report On International Marketing Strategy Marketing Essay This paper focuses on the international marketing strategy of two companies: one operating in the developing world and one operating in both the developed and developing worlds. These are Spice Jet, operating in India only and JetBlue airways, operating in USA, Mexico and Central America. Jet blue is a low cost service provider in the airline industry. JetBlue headquarters are situated in the Forest Hills near New York. Their major operations are in the United States, Mexico and Central America. In just five years, JetBlue has become one of the most profitable start-up airlines. They have managed to be profitable during the present recession. JetBlue operates in a very competitive low fare sector of the airline industry. The positioning of JetBlue has been done as an affordable and quality airline with extra facilities. JetBlues CEO David Neelemen and a few Southwest Airlines employees. The second most important thing after security is customer service for JetBlue Training staff, and this very well justifies what Mr. Gareth Edmondson-Jones, VP of Corporate Communications JetBlue said- We want to bring humanity back to airline travel. Its not enough just to launch a low-fare airline that can be unsold by big carriers[1]. According to 2008 reports there are more than 10,000 employees working for JetBlue and 134 aircrafts to 54 destinations in 6 countries. MARKETING STRATEGY of JetBlue Reaching the Customer Within the initial 2 years, JetBlue established a widely recognized brand name. They also have a customer loyalty program known as True Blue[2]. JetBlue mainly competes with its competitors on high quality service provided by its employees[3]. It has been positioned as a low cost and high quality service provider. To keep its operations cost effective JetBlues fleet consists of only one type of aircrafts i.e. AIRBUS A320 because this brings down their maintenance cost. JetBlues marketing strategy is attracting potential customers by effectively communicating its idea that low fares and good quality service are not always mutually exclusive[4]. The main reasons for JetBlues operations being so cost effective are the importance given to technology and innovation and the search for highly skilled and efficient staff known as Crewmembers. While hiring, they seek to match their corporate values with individuals values. In the last 10 years JetBlue has adopted a strategy of innovative marketing and profitability in the industry. Customers are given a $5 discount for booking online. They use different methods to advertise their offers and services such as promotional efforts, newspapers, radio, television and targeted public relations. JetBlue also relies on promoting through Word-of-Mouth. They are socially responsible and believe in CSR- Corporate Social Responsibility. After the earthquake in Haiti on January 12th 2010, they collaborated with American Red Cross and asked people to donate for those who have lost their families and their lifes earnings in the devastating earthquake[5]. DEVELOPED AND DEVELOPING WORLD FOR JETBLUE JetBlue is a young and dynamic low fare airline but it has been facing problems due to the economic downturn. But they have been successful in differentiating their services from their competitors by providing high quality service at low fares. They have always tried to increase the number of their operating destinations to overcome the financial crunch and increase their market base. Currently JetBlue operates in USA, Mexico and Central America and the advantage it has of working in developed countries like USA and the developing ones like Mexico and Central American countries is that they have similar culture and similar expectations from their airline services and substantial amount of American population is Mexican so there are numerous frequent fliers which increases their customer base by substantial numbers. According to Pew Hispanic report of 2008, there were 12.7 million Mexican immigrants living in USA in 2008[6]. There are potential threats also while operating in both developed and developing worlds i.e. the different political environment and their economies being interdependent. Due to the economic crisis in USA, economy of Mexico was also hugely affected. There are different rules and regulations for the airline industry in different countries which also depend on their economic condition i.e. whether they are developed or developing. Developed economies would probably deregulate more and developing economies would try to protect their own airline companies from the ones who come from outside to tap into the local market because this way they actually import services and the local currency goes out. This depreciates their currency with respect to other foreign currencies. Government regulations, political stability and economic condition of the countries differ from each other which make operations of industries like the Airline industry very difficult and makes the business environment very uncertain. SPICEJET AIRWAYS Spice jet is the second largest low cost airline in India. Earlier it was Modiluft airline. ModiLuft airline was the partnership between Indian industrial group Modi and Lufthansa. It is based in New Delhi and offers domestic short haul services with 195 daily flights to 18 destinations in India including the big cities like Bangalore, Chennai, Delhi, Kolkata, Mumbai and Hyderabad[7]. SpiceJet is using a single-aircraft-type fleet like other low cost airlines. They are currently using 16 Boeing 737-800 and 5 Boeing 737-900ER. MARKETING STRATEGY SpiceJet is using the names of various spices for eg. Cinnamon, thyme etc. for their aircrafts. They handle their marketing campaigns with very catchy tag line Flying for everyone. As SpiceJet is low cost airline, they are more focused upon offering lowest air fares to gain more market share. They entered the market using vary different pricing strategy i.e. Rs.99 fares for 99 days and 9000 seats available at this rate[8]. SpiceJet maintained their low price spice fare strategy and started to sell the air tickets for Rs.500 and Rs.999. The main idea behind this is that they wanted to keep their prices very similar to first class tickets of Indian Railways so that any person who affords that fare can be attracted by these airline fares. Another advantage of doing this is that saves in travel time. Corporate benefit programs, Students discounts, discounts on group bookings are also one of the parts of their marketing strategy. They also offer air tickets with Rs.0 basic fare. Another thing we can observe is that almost 25% of their sales are on their website which shows that SpiceJet encourages the online bookings to eliminate the travel agents thus to bail out travel agents fee. They are also planning to increase their number of fleets in order to increase their market share. They also rely on Word-of-Mouth like JetBlue does. SpiceJet also launched a new communication strategy which clearly moves away from strategies based on price to value based strategies. This strategy focuses on long term prospects and positioning SpiceJet in a different way[9]. COMPLEXITIES REGARDING MARKETING AIRLINE INDUSTRY IN DEVELOPING WORLD The market size for the low fare airline services is really small i.e. just 18 cities in 28 states. That amounts for a very small size of the total population. Airline is not like other products with which consumers have to interact with on daily basis. The regular Indian traveler expects the same whether they are traveling from a low fare airline or a full service carrier with respect to some services like normal sanitation etc[10]. ENHANCING PERFORMANCE Spicejets fleet includes Boeing 737-900ER, which earlier was fine for them to use because of cheap fuel prices but lately fuel prices have increased. Therefore to decrease their operating cost they can also include more fuel efficient aircrafts like ATR-72 for short distance flights and Airbus 320 for long distance flights. They can also increase the number of destinations to reach economies of scale and to increase their revenues. STAY HERE OR EXPAND Given the current economic condition of other countries and the financial situation of Spicejet they should stay in India only because in the developed countries the competitors are more financially stable and they can have a competitive advantage with respect to price and also being there before SpiceJet. Other airlines already operating in the developed countries have well established network and the experience to operate their because the government rules and regulations regarding differ from place to place and also depends on the current economic condition of the country. The cultural difference and the standard lifestyle of the customers are also different. The meaning of a low fare airline might be different for people from different countries and the minimum expectation from the airline services as well. Its true that to increase the revenues they should tap into the other markets but right now its not the right time to that. When they decide to do so they can consider an opti on of collaborating with some other players in the developed country market and gain some experience and know how while working with them before they decide to enter the market themselves. CONCLUSION [1] http://www.brandchannel.com/features_effect.asp?id=41 [2] https://trueblue.jetblue.com/web/trueblue/home;jsessionid=F854ECF662888C47BD9AD0E3415B9862.l1 [3] http://www.jetblue.com/about/ourcompany/annualreport/2002/our-people.html [4]http://www.hotelschool.cornell.edu/chr/pdf/showpdf/chr/research/casestudies/AAJetBFinal_with_2002_financials.pdf?my_path_info=chr/research/casestudies/AAJetBFinal_with_2002_financials.pdf [5] http://american.redcross.org/site/PageServer?pagename=corp_evergreens_company=jetblueairways-pubs_companycontent=jetblueairways-pubs_active=1s_dis1=0s_dis2=0s_dis3=1s_genops=0s_national=0s_military=0s_international=0s_local=0s_match=0s_src=FZZWGW00s_subsrc=jetblueairways-pub [6] http://pewhispanic.org/files/factsheets/47.pdf [7] SpiceJet Retrieved Jan 20 2010 http://en.wikipedia.org/wiki/SpiceJet [8] SpiceJet Debuts with Rs.99 fare for 99 days   Retrieved Jan 20 2010 http://www.spicejet.com/newspage.asp?strNews=99fares [9] http://www.campaignindia.in/news/2009/08/10/spicejet-s-new-communication-strategy-attempts-to-delivervalue- [10] http://www.campaignindia.in/news/2009/08/10/spicejet-s-new-communication-strategy-attempts-to-delivervalue-

Curt flood :: essays research papers

Curt Flood was as crucial to the economic rights of ballplayers as Jackie Robinson was to breaking the color barrier. A three-time All-Star and seven-time winner of the Gold Glove for his defensive prowess in center field, Flood hit more than .300 six times during a 15-year major league career that began in 1956. Twelve of those seasons were spent wearing the uniform of the St. Louis Cardinals. After the 1969 season, the Cardinals attempted to trade Flood, then 31 years of age, to the Philadelphia Phillies, which set in motion his historic challenge of baseball’s infamous "reserve clause." The reserve clause was that part of the standard player’s contract which bound the player, one year at a time, in perpetuity to the club owning his contract. Flood had no interest in moving to Philadelphia, a city he had always viewed as racist ("the nation’s northernmost southern city"), but more importantly, he objected to being treated as a piece of prop erty and to the restriction of freedom embedded in the reserve clause. Flood was fully aware of the social relevance of his rebellion against the baseball establishment. Years later, he explained, "I guess you really have to understand who that person, who that Curt Flood was. I’m a child of the sixties, I’m a man of the sixties. During that period of time this country was coming apart at the seams. We were in Southeast Asia. Good men were dying for America and for the Constitution. In the southern part of the United States we were marching for civil rights and Dr. King had been assassinated, and we lost the Kennedys. And to think that merely because I was a professional baseball player, I could ignore what was going on outside the walls of Busch Stadium was truly hypocrisy and now I found that all of those rights that these great Americans were dying for, I didn’t have in my own profession." With the backing of the Players Association and with former U.S. Supreme Court Justice Arthur Goldberg arguing on his behalf, Flood pursued the case known as Flood v. Kuhn (Commissioner Bowie Kuhn) from January 1970 to June 1972 at district, circuit, and Supreme Court levels. Although the Supreme Court ultimately ruled against Flood, upholding baseball’s exemption from antitrust statutes, the case set the stage for the 1975 Messersmith-McNally rulings and the advent of free agency. The financial and emotional costs to Flood as a result of his unprecedented challenge of the reserve clause were enormous.

Dialogue About the Problem of Overpopulation Essay

Marija: So, Martin, what do you think about the problem with overpopulation in the world? You think it is a serious problem? Martin: Well, Marija, yes, basically I do think overpopulation is a serious problem, maybe not in Macedonia, but in some other countries in the world, like China, it is one of the major state issues. I’ve read that there are laws which limit the number of kids for one family to have. And what is your opinion? Marija: I disagree. I don’t think overpopulation is such a serious issue, as long as there is a solution for it. And I don’t think that kind of laws should be allowed, one reason is that they are not humane. Maybe they should have come up with some other idea how to get over it. Martin: You’re right about this. I’m thinking about a world without borders, so anyone can live where he wants, and then, the issue of overpopulation will be dealed with. There won’t be limitations where people can live, so I believe there won’t be overcrowded cities, or†¦ Marija: I believe it will be†¦ That’s the real reason why there is overpopulation. Everyone wants to live in the big cities, so they would definitely become overcrowded. Maybe, the government should promote the rural communities, with giving benefits, such as low-price houses, available jobs with good salary.. Martin: Well that is a good idea. That way many people will take the chance, and move to the countryside, and with that lower the overpopulation in the industrial cities. Plus, they can enjoy the unpolutioned air and earth. Marija: Finally, we came to mutual understanding how to get rid of this problem. Now we just have to recommend this option to the authorities.

To What Extent Is the Labour Party Still Committed to Its Traditional Principles?

The Labour party was founded on the principles of social democracy, which is a traditionally centre left ideology. It has been Britain’s major democratic socialist party since the 20th century and since then has been committed on basing its ideologies on advancement for the working class. Until the 1980’s, Labour had kept its principles consistent, but with the development of Michael Foot’s ‘loony left’ movement which was based largely around the irrational minority issues and racial problems.It was Tony Blair in 1994 that came through with a revised ‘new-labour’ ideology that helped dominate the election polls yet again and stay victorious until 2010. But, did new-labour still resemble old-labour in terms of its principles? This is what i aim to evaluate. Old-Labour has always been seen as the party for working classes. This was demonstrated through the development of the welfare state where economic wealth is redistributed in the forms of tax benefits, job seekers allowance etc. to help people unable to work. But, when ‘new-labour’ was created under Tony Blair in 1994, Labour became more of a catch-all party.This meant that benefits were cut, in order to make middle and upper classes feel less discriminated against. Now, the focus is on ‘economic well-being’ and less on the formidable effects of poverty. Clause 4 was created to exhibit Labour’s affiliation with people from a working background. It stated things like â€Å"To secure for all the workers by hand or by brain the full fruits of their industry† and â€Å"equitable distribution† which shows its strong ties with the working man. In 1997 it was reformed, it changed from a predominantly ‘working class’ themed ideology to a more catch all. that by the strength of our common endeavour we achieve more than we achieve alone† This is a revised passage from the post Tony Blair clause 4. You can te ll that it no longer is concentrated on one specific class, it is now generalising to everyone and saying that we are all in it togther. Which is obviously not solely concerned with one group of people. The Labour party belived in the provision of universal benefits to citizens who had no other means of income and/or supporting a familiy. Unfortunately over the past decade, the economy has taken a turn for the worse and Tony Blair identified this.That is why he came to the decision of reserving benefits more and focusing on ecnomic growth. Old-labour were far more concerned with the prevention of poverty but, new-labour seem to be more concerned with stability of the economy. Some may even say their slightly capitalist characteristics may align them more with their opponents, the Conservative party. It is now apparent that the Labour party are far less scrutinious towards who they want to aid in society and are showing a certain prgamatism towards their ideologies in order to fit in more effectively with todays society.The Third way which takes old-labour, thatcherism and liberal democrarcy is definately more pro-active than wiping out just under half of the voting population with your political views. Ed Milliband’s take on the third way is even said to be moving slightly right, which proves that Labour no longer prioritise with the working class and they are aligning themselves more fully with all classes and situatuions in the U. K. This is good for democrarcy, not good for the preservation of Labours traditional socialist values.