...Persuasion Essay Big Weddings Are an Obscene Waist of Money Everybody wants a dream wedding just like their favorite celebrities, but is it really necessary? People spend their life saving just one day, some even go in debt. In present times, marriages do not last long and often end up in divorce. Most people even go to city to get married for a much cheaper alternative. I think your relationship should be based on how big your wedding is. A big wedding is nice, you would probably remember for the rest of your life. Not only because it was considered to be the best day of your life but how extravagant it was. First off, you have to get dresses, tuxes, flowers, catering, live bands or dj, and location. I think just buying a ring is expensive enough. Let's not forget having a nice honey moon. During the 18th century salve trade, Africans got married by jumping a broom and still love get each other. A Marriage should base on love and loyalty, but it's not always guarantee how long you'll last. According to the U.S. census bureau, 41% of first time marriages end in divorce. They often end up very messy involving lawyer, children custody battles and alimony. We see celebrities wedding want to live the dream. They board cast their weddings and get paid commercial wise. It's different for...
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...3, 2, 1: Global Debt Meltdown We are steamrolling toward a massive global debt meltdown, and at this point world leaders seem to be all out of solutions. Over the last 30 years or so, the greatest debt bubble in the history of the planet has produced unprecedented prosperity in the western world. But now that debt bubble is starting to burst and the bills are coming due. Many believe that "ground zero" for the coming global debt meltdown will be in Europe. Unlike the U.S. and Japan, the nations of the EU can't just print more money to cover their debts. Nations such as Greece, Portugal and Italy must repay their debts in euros, and those nations are rapidly getting to the point where their debts are going to overwhelm them. Unfortunately, major banks all over Europe are very highly leveraged and are also very heavily invested in the sovereign debt of nations such as Greece, Portugal and Italy. If even one EU nation defaults it will start tipping over financial dominoes. If more than one EU nation defaults it could cause a cataclysmic wave of bank failures all over Europe. But Germany and the other more financially stable countries of the EU cannot bail out nations like Greece, Portugal and Italy indefinitely. Pouring money into Greece is like pouring money into a black hole. When you take money from financially stable countries and pour it into hopeless messes, you may stabilize things for a little while, but you also cause the financial condition of the financially...
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...bankruptcy in September 2008. Led by its CEO, Richard Fuld, Lehman Brothers was a glorious and respected investment bank for which some of the most experienced and intelligent financial analysts/investors were working. How come then, than in a less than one week, the whole structure imploded and led to one historical bankruptcy and with the same occasion, became the trigger of the 2nd most dramatic worldwide financial crisis? This essay has been written, in what seemed to me, the most logical way to approach this very interesting and complex subject. A quick peak to Lehman Brothers’ history will help the reader to understand how, starting from very humble origins, Lehman Brothers became one of the top investment financial institutions in the US before its collapse. The financial crisis of 2008, also called the subprime crisis was the biggest reason of LB’s downfall. Having done some researches, the reader will be explained, in a very intuitive but complete manner, how this crisis began and how it evolved until it affected the whole world. One can already agree that LB’s got caught in a very negative spiral that led to its insolvability. Charles Hamden Turner’s theory of virtuous and vicious circles is very interesting and we will try to prove how and why did LB’s got caught in Charles Hamden Turner’s vicious circle. Following ex-executives and employees feedbacks, the company’s undergrounds were far from being as shiny as one could think. Does this have something to...
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...How will the Euro crisis affect the economy of China? Table of Contents Introduction...…………………………………………………………………… 2 The formation and evolution of the Euro zone crisis….…………………………3 The serious relationship in trading and investment filed between China and Europe ………………………………………………………….………………………..9 The influence of Euro zone crisis on China economy……..……………………10 Conclusion………………………………………………………………………15 Bibliography………….…………………………………………………………16 How will the Euro crisis affect the economy of China? Many economists now are analyzing the Euro zone crisis. As the biggest trading partner to China, how the Euro zone crisis affects China’s economy cannot be ignored. No matter the decision makers of the enterprises or the decision making department of the government, all need foresight to evaluate the risk and influence of the crisis and prepare the answer before that happens. This paper will provide some analysis and strategic thinking about the influence of the Euro zone crisis on China. Introduction: On August 25th, 2011, the president of France, Nicolas Sarkozy, came to visit China. According to the market prediction, the purpose of his visit was come to further persuade China to purchase European bonds, to support the recovery of Euro zone. The official media of the Chinese government reported that, the chairman Hu at that time expressed two points about China’s attitudes to President Sarkozy. First of all, China cared about the influence...
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...FROM THE AUTHOR OF STANSBERRY'S INVESTMENT ADVISORY PORTER STANSBERRY THE SURVIVAL BLUEPRINT Published by Stansberry Research Edited by Steven Longenecker and Fawn Gwynallen Copyright 2014 by Stansberry Research. All rights reserved. No part of this book may be reproduced, scanned, or distributed in any printed or electronic form without permission. About Stansberry Research Founded in 1999 and based out of Baltimore, Maryland, Stansberry Research is the largest independent source of financial insight in the world. It delivers unbiased investment advice to self-directed investors seeking an edge in a wide variety of sectors and market conditions. Stansberry Research has nearly two dozen analysts and researchers – including former hedge-fund managers and buy-side financial experts. They produce a steady stream of timely research on value investing, income generation, resources, biotech, financials, short-selling, macroeconomic analysis, options trading, and more. The company’s unrelenting and uncompromised insight has made it one of the most respected and sought-after research organizations in the financial sector. It has nearly one million readers and more than 500,000 paid subscribers in over 100 countries. About the Author Porter Stansberry founded Stansberry Research in 1999 with the firm’s flagship newsletter, Stansberry’s Investment Advisory. He is also the host of Stansberry Radio, a weekly podcast that is one of the most popular online...
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...-Export: In 2011, the U.S. exported $94 billion in goods -Import: $367 billion $295.5 billion dollar difference -1.2 trillion in bills and bonds, and that’s only 8% of total debt Not that big of a problem: Deficit: corrects over time, large amount of us dollar being held by foreign nations. Economists worry mainly because these nations may decide to sell at any time. -This is not a problem however because since we are giving China so much money by buying their goods, China will continue to invest into the US Economy so that we continue to buy their goods. Worst case would be that China begins to invest less into the US Economy because we are not buying as many of their goods, however that would mean that the trade deficit would diminish. -more purchasing power because cheap products -can’t just look at china, but rather entire deficit, such a small factor -no possible way to have an even trade with any other nation, always will be disproportional -There is no date in which paying back is due -The US is mainly concerned because China has 1.1 trillion bonds in the US Economy but that’s more of a political problem seeing them as a threat rather than an economic problem however Japan has 1.04 trillion invested in the US Economy and anyone could invest in the economy so China really is not the real threat -Economic theory tells us that if we ever reach the point where it becomes a problem, there is an automatic adjustment mechanism, which is that the dollar...
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...protested against draconian policies introduced to try and avoid default on overseas debt and devaluation of the peso. Eventually the pressures became too strong, and Argentina defaulted on its debts and floated the peso against the dollar. HSBC took a $520m charge to cover losses stemming from the change in value of the peso, and a general provision of $600m for losses in Argentina. Concerns about HSBC's exposure to the crisis in Argentina came to the fore yesterday as it emerged that its investment banking arm was preparing to lower its profits forecast for the company. HSBC Group's 2001 results, notably the economic crisis in Argentina and the related devaluation of the peso by the government which forced HSBC to book a US$1.12 billion charge. Argentina has been a major disappointment foe HSBC and they have a very talented team and all the necessary elements for success in a stabilised economy to have a profitable business. Nevertheless, the situation in Argentina remains both fluid and disturbing. The Argentine monetary collapse in 2001 was devastating to the economy and to a large number of Argentine citizens. Their currency was pegged to the U.S. dollar, 1-to-1, but sank to 3-to-1 after the collapse. The resulting loan default, naturally, created a firestorm in the global financial community. The fine print to all this, however, is that, in Argentina, like everywhere it seems, the rich got...
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...problem in American history and has had an enormous effect on U.S. From Pearl Harbor, First World Trading Center, Truck Bombing of Federal Building, and last but not least September 11, 2001. September 11th was a very devastating event in the history of America. This was a huge problem and caused depression, mourning, and paranoid many people. Of course, this affected many people and to this day still does. What do you think caused 9/11?.... Let's find out. September 11, 2001 was a very tragic day in American history. It all started when 19 terrorists boarded multiple airplanes, hijacked them, and crashed them into different targets. The terrorists focus was at the Pentagon and World...
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...Abstract This paper discusses how the Vietnam Conflict impacted American society. The topics explored involve how the U.S. was affected socially, economically, and politically. Impact of Vietnam Conflict on American Society The enormity of the damage caused by the Vietnam Conflict is still felt in American society today. While public attitude toward Vietnam Veterans is changing, and faith in the military has returned, there is still a lot of skepticism toward the U.S. Federal Government. Americans don’t want to send their sons and daughters into another seemingly pointless war. One of the major consequences on U.S. society created by the Vietnam Conflict was the enormous strain on the American economy, due to the estimated $167 billion spent on the war. Inflation and increasing federal debt had a major negative effect on the US economy and seriously lowered living standards from the late 1960’s until the 1990’s. Another consequence on society was the public rejection of the war and the soldiers who fought in it. Vietnam vets were considered vicious killers, immoral human beings, drug addicts; they were treated like the lowest form of human existence ("Cold war in," 2011). The Vietnam conflict was a viewed as a devastating loss and resulted in a loss of pride and self- confidence in the American people. The U.S. experienced a reappraisal of American power and glory. At the beginning of the war the American public supported it, because they believed it was part...
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...The United States deficit contributes to its debt and the debt contributes to the deficit. We know the longest running uninterrupted surplus for the Unites States was from 1920 to 1930 but spent most of it combating the war. This will show how the U.S. deficits, debt, and surplus affect the following areas; the taxpayers, future social security and Medicare users, unemployed individuals, University of Phoenix students, The United States financial reputation on an international level, a domestic automobile manufacturer (exporter), and a Italian clothing company (importer). Taxpayers This will show how the debt and deficit affects taxpayers. Taxpayers get caught up in the government debt and are left to pay it off. Individual debt is different from government debt, and the reasons for this are: (1) the government lives forever and people don’t, so the government is ongoing. When people die, all debts must be paid to old Uncle Sam before relatives get the reminder. (2) The government can print money and people cannot, and as long as another country accepts our currency, we can always exchange money with those countries. (3) The government owes much of it debt to itself. It is sort of like owing oneself so one will never go broke. The internal debt which is the debt owed to other governmental agencies or to its own citizens, and when it pays on its internal debt it involves a redistribution of the citizens but it does not reduce the income of the citizens. For example...
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...differences, the 1929 stock market crash and subsequent credit crisis led to the Great Depression of the 1930s in part because governments responded with “tight money” policies until too late, an act of suicide which central banks and governments today definitely will not repeat. Quite the contrary, extremely energetic state interventions in Europe and the USA – very much against the recent ideological free-market “run of play” – have halted the fears of a total global banking collapse and the short-term stock market panic. It’s indeed instructive how quickly the entire ideology of “unleashing the free market” and financial deregulation could be thrown aside in order to rescue giant banks that are “too big to fail.” The U.S. Treasury will not only be purchasing (at above-market rates) the “toxic assets” held by these institutions, but pumping hundreds of billions more into them by buying “preferred shares” in them. This means “non-voting shares,” so that the bailout of these collapsing banks still leaves them under private control. There’s the bailout for the corporate and Wall Street incompetents and crooks who helped drive the economic ship into the ground. The obvious question becomes, then, where’s “the rescue package” for working people who are losing their homes, their jobs, their...
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...Oct.12 1) U.S government on Tuesday outlined a rule sharply limiting bank’s ability to make bets with their own capital. 2) After being all but shut out of the short term debt market crisis, some company are edging back in. 3) Capitals that Europe increase the debt pressure of Germany and France, Dexia’s collapse shows that some measures of financial strength could paint and misleading pictures of how much additional firepower is needed. Oct.13.1) The people’s bankinvestors of China which tightly controls the Yuan’s trading on the mainland ,early Wednesday guided the Yuan lower against the U.S , it is seemed as the fire back of U.S senate approve to drop Yuan’s value in Asian trading. 2) Stock finished with the strong gains amid optimism about plans to recapitalize euro banks. With the gains, the Dow is up 5.6% this month, the fifth- best start to October since 1990. 3) an estimated $10.95 billion was pulled from long-term mutual funds in the last week, according to the investment company institute.as a result taxable funds and tax free funds increased in this week. Oct.14 1) J.P. Morgan stocked new fears about the health of the U.S banking industry as it posted its first year on year drop in quarterly profits since the height of the financial crisis. 4.3 billion was down from 4.4 billion last year. 2) Credit Suisse group is poised to close down its commercial mortgage backed securities divisions just days after a new warning...
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...worn by U.S. soldiers in Afghanistan and northern Iraq. Ordinarily, this would be just another deal in the textile business, but an incident occurring a decade earlier makes it appear to be much more—a sign of resurrection for an embattled national hero. Tragically, in 1996, the company’s facility in Lawrence, Massachusetts, burned to the ground. Like most textile firms in the United States, Malden Mills had suffered through hard times for years, so many observers expected aging owner Aaron Feuerstein to pocket the $300 million insurance settlement, walk away from the business, and retire. But he did not. Instead, he kept all of his employees on the payroll while he sought to gain enough funds, both from the insurance companies and new investors, to continue operations. This almost unheard-of generosity won him public acclaim. In fact, Feuerstein was featured on the television program Sixty Minutes, where he explained his philosophy of management and the obligations he felt to employees who had worked in his company—founded by his father, Henry, 90 years earlier. As Feuerstein described it, he felt that his employees were “like his family” because, after all, they gave many years of their lives to the company. How, after all this commitment on their part, could he turn his back on them and walk away? He could not; he was more willing to risk his own financial ruin by struggling to keep the company afloat than to sacrifice the welfare of the people who worked so diligently...
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...So in the 70s a lot happened to the racing culture. 1970 NHRA adopts and renames Pro Stock class. They are beneath the Top Fuel and Funny Cars. Pro Stock is high performance and brand identification. Season-long points competition would produce Professional Drag Racing. Season-long points competition would produce World Champions in several classes, with winners with the highest points at the end. Winners could win as much as $25,000. In 71 Catastrophic crash saw a racer hospitalized. Spectators losing interest made them add a bunch of safety features. Fire extinguishers more powerful withstanding engine blocks. Nitromethane caused motors to need rebuilt frequently so they don't explode and hurt spectators. In 72 the first five-second Top Fuel car ran. It happened in Ontario Canada. NHRA outlaws big-block Pro Stock cars. Small...
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...2008- 2009 Economic Crisis. There were many factors that contributed to the crisis; I will focus on what may have led to the downturn of the economy and some of the policies implemented by key actors responsible for turning our economy around. I will also look at those who have changed monetary or fiscal policy, and laws governing business since the collapse. I will also give my thoughts on whether these changes will actually be successful on turning things around for the better of our economy. The economic collapse of 2008 has affected so many people across the nation. With the current unemployment rate at 8.2 percent, (less than .5 percent away from where it was the first year of the Great Depression) many people have lost their homes due to not being able to pay high mortgage costs. Everyone knows at least one family who has been affected by the collapse. Some may say it started because of bad mortgage lending, others say it is because people got in to mortgages that were beyond their means. I believe the crisis has to do with everyone involved in the picture; policymakers, lenders/banks, and consumers. I was born and raised in San Diego, California. My Mother and Father brought me up with the idea that owning real estate is always a good investment. At age 20, I had a great job making between 60,000- 80,000 dollars annually and the first thing I did when I was able to save up for a down payment was that I purchased a townhouse 13 miles from my hometown. Seeing housing prices...
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