...Love is the most important thing in this world and Jonathan Larson’s Rent shows us why. Set in the East Village, New York in 1989, Rent is an emotional and inspirational experience that is important for everyone to see. What makes this show so powerful, is how relatable the story is. The script is so close to real life, which may have to do with the fact that the creator, Jonathan Larson, had AIDS while writing the show’s score. It is an extremely hard show to pull off, but the La Mirada Theatre and McCoy and Rigby Entertainment have done a wonderful job both theatrically and technically with this brilliant masterpiece. Richard Israel, the director of the production, has done the show justice. It was staged masterfully and the story was presented...
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...Capstone Paper: Rent Ceilings in New York City Rent control was introduced in New York City after World War I. “Rent-controlled tenants live in buildings built before 1947 and have lived there continuously since 1971. They tend to be seniors on fixed incomes” (Thorbourne, 2015, para 1). City officials believed that the rapid rise in demand for rental units would drive up rent prices therefore price ceilings were instituted. This created a shortage in supply because it was not profitable for builders to continue construction where rent was regulated. Furthermore, a tenant is legally allowed to stay until they died or the agreement could be passed to a cohabitant that resided there for at least two years (Mceachern, 2014, p. 86). This causes an issue for landlords in the sense that they are not remaining profitable because rent controlled prices are dramatically lower than the free market. Landlords often take extreme measures in trying to catch tenants violating their lease so that they can terminate the binding agreement. By terminating the lease the landlord may not be bound by rent control once the tenant vacates. The below paragraphs will discuss the following questions associated when a price ceiling is imposed below the equilibrium level: 1. What happens to the quantity and quality of housing available? 2. What happens to the quality of housing and why? 3. Who benefits and loses from rent control? 4. How do landlords of rent-controlled apartments try to get tenants...
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...“Enterprise Rent-A-Car” A Case Study Solution Submitted By: Group ‘B’ (Bimee Maskey, Hrizu Adhikari, Krishna Dahal, Mahesh Bhandari, Sacheet Pandit, Sampada Paudel) Submitted To: Prof. Dr. KD Koirala SOMTU Date: 31st Dec, 2014 Kirtipur Enterprise Rent-A-Car Case Summary: Enterprise Rent-A-Car is founded by Jack Taulor in 1957. It is a Private car rental business with a fleet of more than 850000 vehicles which is based in St Louis, Missouri with services in the US, Canada, Germany, Irelance, Puerto Rico and UK. It is an international car rental company with a multi-billion pound turnover. Enterprise is an extended 'family' of more than 66,000 employees. It is the largest rental car company in North America but has the approach and feel of a small business. The business is synonymous with exceptional customer service. Enterprise Rent-A-Car (EARC) maintains a unique selling proposition in the rental automobile industry, describing its greatest idea as personal service. This proposition is built into every facet of ERAC’s operations from point-to-point car delivery to a 427,000 rental-vehicle fleet. The business has been shaped by various concepts like: treating customers like good friends and neighbors, which has enables ERAC to grow to a point where the automotive operations have annual revenues in the billions, a fleet of cars and trucks with the numerous employees. ERAC became the industry leader in terms of fleet size and market presence with the revenue...
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... Enterprise Rent-A-Car has been given the opportunity to excel and further dominate its industry. With the continually expanding market and need for this service a window has presented itself for Enterprise. Using information provided and in -depth marketing knowledge a line of action will be provided that will allow Enterprise to reach its goals. Problem Statement In order to continue to grow and prosper while staying true to their corporate culture Enterprise Rent-A-Car needs to focus on recruiting and retaining promising college graduates and optimizing its marketing strategy to gain the most possible advantage. However this must all be achieved in spite of college student’s lack of knowledge and awareness of the opportunities that Enterprise provide, that the rental car market is still rapidly evolving, making it very volatile and prone to changes and the emerging as well as established competition. Environmental Analysis To best organize the environmental analysis the method SWOT will be used. Identifying the strengths, weaknesses, opportunities and threats will give a good understanding the conditions that Enterprise is restricted by. Strengths * Established * Large Market Share * Recognized Brand * Necessity of Service * Strong Reward System * Effective Culture | Weaknesses * Ineffective Advertising * College Graduates Unaware of Opportunities | Opportunities * Growing Market | Threats * Competition | Enterprise Rent-A-Car has a number...
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...This essay will critically discuss how price ceilings and floors could possibly lead to economic inefficiency causing surpluses or shortages in relation to graphs and the real world case study. Firstly, price ceilings and price floors are basic aspects of our economy. Government enacted laws used to prevent suppliers from establishing prices of resources higher than supposed to be are known as price ceilings. Price floors are minimum pricing rates that can be charged for a particular good or service. Price controls such as these two are used to maintain affordable lifestyles and to protect consumers from suffering from unfair inflation. But however, if not executed correctly, price controls become completely ineffective. In order for a price ceiling to be effective price ceilings must be set below the natural market equilibrium but this in return becomes a problem the outcome of that would result in either excess in demand or a shortage in supply (Taylor 2006). Producers will not produce as much at a lower pricing rate, while consumers will continue to demand more because of the good being made more affordable; demand will exceed the supply. But still if the demand curve is relatively elastic then the net effect to consumer surplus will be positive. Producers are definitely harmed, as their surplus is doubly hit with a reduction in the number of firms that are willing to take the lower pricing rates. Resulting shortages of goods or services can lead to consumers having to line...
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...Do Oil Revenues Affect Taxation? Christopher Skutnik Oil is an essential commodity to humans, as it powers many goods and services that give us humans a lot of utility. For oil producing countries, the prospects of exporting barrels of oil can be very exciting for fiscal revenues. The effect of oil production on fiscal revenues is largely due to the world oil price. In the last year and a half the price of oil has plummeted from $104/barrel to about $41/barrel today. This sharp decline in the price of oil has certainly hurt fiscal revenues of oil producing countries. It is also very likely that these countries do not enforce taxation. On the other hand, due to the volatile nature of oil prices, it is also rational to assume that oil-producing countries may enforce stringent tax codes. Stringent tax codes may be enforced to relieve budgetary pressures that may be as a result of lower oil prices. The purpose of this paper is to determine whether oil revenues have an effect on taxation. Understanding the effect of oil revenues on taxation is very important in terms of real world application. The information obtained from the analysis between the two variables will enable large producing oil nations to determine the kind of fiscal policy to undertake. It will help nations in planning budgets accordingly, while also helping governments determine whether there needs to be a change in tax rates to meet budgetary ambitions. For example, if...
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...KOFORIDUA POLYTECHNIC RENT DIFFERENTIALS BETWEEN RESIDENTIAL AREAS AND ZONGO COMMUNITIES IN GHANA AND DETERMINANTS OR FACTORS THAT MOTIVATE PEOPLE TO STAY OR HIRE AT SUCH PLACES/ AREAS. A CASE STUDY OF KOFORIDUA OLD ESTATES AND KOFORIDUA ZONGO. BY BANAFO BENJAMIN DUODU OBED FEKOW SARPONG ALFRED ANGMOR SOLOMON K. OPOKU MENSAH A. RICHARD YEBOAH A. DERRICK ANUM AYIVOR ISHMAEL E. OSABUTEY CATHERINE A. OWUSU BISMARK 2012 DEDICTION Our expectation is that this case study will be dedicated to all potential researchers who might be embarking on this same case study and to Mr. Jamal Mohammed paved the way for us to embark on this practical research. ACKNOWLEDGEMENT We are most grateful to the Lord Almighty for strength, knowledge and wisdom granted to us in our area of study. We also acknowledge every member of our group who contributed their effort to this successful research. TABLE OF CONTENT PAGE CHAPTER ONE * BACKGROUND INFORMATION 4...
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...National Legislation 5 5. Bulk services and infrastructure 6 5.1 Access 6 5.2 Water supply 6 5.3 Electricity reticulation 6 5.4 Sewage disposal 6 5.5 Solid waste disposal 6 6. Purpose of the Environmental Assessment Project 6 7. Aims of the Impact Process 7 9. Environmental and Planning Issues Identified 7 10. Public Involvement Program 8 11. Newspaper Notice 8 List of Figures Figure 1: Locality 3 Figure 2: Materials being recycled 4 Figure 3: Flowchart of Recycling Process 5 THE FOLLOWING IS A BACKGROUND INFORMATION DOCUMENT FOR THE ENVIRONMENTAL IMPACT ASSESSMENT AND ENVIRONMENTAL MANAGEMENT PLAN TO OBTAIN AN ENVIRONMENTAL CLEARANCE FOR RENT-A-DRUM SWAKOPMUND 1. Introduction Green Earth Environmental Consultants has been appointed by Rent-A-Drum to attend to and complete an Environmental Impact Assessment (EIA) and Environmental Management Plan (EMP) in order to obtain an Environmental Clearance Certificate for the proposed material recovery facility (MRF) to be established and operated outside Swakopmund as per the requirements of the Environmental Management Act (No. 7 of 2007) and the Environmental Impact Assessment Regulations (GN 30 in GG 4878 of 6 February 2012). The Background Information Document (BID) serves to convey information regarding the proposed project to Interested and Affected Parties (I&APs) to allow them the opportunity to comment on the proposed project. This...
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...1. Some tenants would support rent control laws because they could be making a good amount of money and live in a very cheap apartment. New York city is one of the priciest places to live and people making above average salaries a year would be in favor of renting out these cheap apartments. Not all of the tenants gain from rent control laws because they could be making a low salary every year and not have access to these apartments because wealthier people are occupying them for longer and have no incentive to ever move. 2. A deadweight loss in this situation is caused by the price ceilings imposed by the government, since there is less incentive for people to produce these apartments due to minimized profits from price ceilings, and there is an increasing demand for these cheap apartments a deadweight loss is created. 3. NYC rent control is in place to try and help those with smaller incomes find affordable places to live and below market rents are those rates imposed to help them and these rents are the going rate for apartments under the price ceiling. 4. Rent control increases the consumer surplus in New York city while the producer surplus is lessened. 5. There is less incentive to apartment builders to construct these apartments due to the set amount of profit that they can make. Rent control takes out the aspect of a possible bidding war that a landlord can set between two perspertive tenants. Also the living conditions of the apartments are ignored...
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...House for Rent From day to day business and personal relationships, there are many instances when one finds themselves in a negotiation or bargaining position with one or more persons involved. When deciding to relocate for a two year venture my with current employer for an assignment, the decision to sell the four-bedroom, two-bathroom Tudor style house I own was decided that was not my best option. However, gaining a lessee would be the next best option. A real-estate friend has found a possible lessee and negotiation a lease would be the next step. In the following, the negotiating and bargaining process will be addressed; who the parties are, specified individual and collaborated goals, as well as behaviors and bargaining style that should be represented. The one primary goal of negotiation is to reach an agreement between two or more parties. To be more specific, Harvard Law School describes negotiating as more of a process; this is "the discussion between two or more disputants, who seek to find a solution to a common problem, one that meets their needs and interests acceptably" (The President and Fellows of Harvard College, 2014). Within any bargaining and negotiation, there cannot be less than two disputants. In this particular scenario, the disputants would be myself and a thirty-something, single male who is beginning a two-year residency in a local hospital as a doctor. Each disputing party also has goals that need to be met. For the hospital resident, his goal...
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...Rent Control by Walter Block New York State legislators defend the War Emergency Tenant Protection Act—also known as rent control—as a way of protecting tenants from war-related housing shortages. The war referred to in the law is not the 2003 war in Iraq, however, or the Vietnam War; it is World War II. That is when rent control started in New York City. Of course, war has very little to do with apartment shortages. On the contrary, the shortage is created by rent control, the supposed solution. Gotham is far from the only city to have embraced rent control. Many others across the United States have succumbed to the blandishments of this legislative “fix.” Rent control, like all other government-mandated price controls, is a law placing a maximum price, or a “rent ceiling,” on what landlords may charge tenants. If it is to have any effect, the rent level must be set at a rate below that which would otherwise have prevailed. (An enactment prohibiting apartment rents from exceeding, say, $100,000 per month would have no effect since no one would pay that amount in any case.) But if rents are established at less than their equilibrium levels, the quantity demanded will necessarily exceed the amount supplied, and rent control will lead to a shortage of dwelling spaces. In a competitive market and absent controls on prices, if the amount of a commodity or service demanded is larger than the amount supplied, prices rise to eliminate the shortage (by both bringing forth new supply...
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...Critique on Contemporary American Play Rent By: Chelsea Huckabee First of all, I decided to watch the movie Rent, which was based on Jonathan Larson’s Pulizer and his Tony award-winning musical, which has also appeared on Broadway many times. The film and musical are about a group of artists, eight friends, who are living in New York City during the HIV/AIDS epidemic. They each are dealing with different problems in their lives, such as HIV/AIDS, drug addiction, rejection, and poverty. This movie had a very tremendous impact on me, and I was very impressed with how they tied each theme into it. I was moved in a way that it has even effected the way I look at others, and overall at life. The actors and actresses were all very different from one another in this film. My favorite character was Benny. He was a very influential character and the acting was very believable. At one point in the film, he tells renters Roger and Mark they need to pay their rent unless they can do something for him. Benny plays this situation in his favor knowing Roger and Mark are broke and they had an agreement. He tells them to tell Maureen to cancel her protest against his plan to evict the homeless people in the nearby lot and they can live there rent-free. Overall, this character was a very strong and was a good backbone to this story. A weakness would be that he was in my opinion the “Antagonist”. My least favorite character would have to be Maureen due to her personality and the way she...
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...Animals for Rent In our society today, with all our advancements and breakthroughs, life in the 21st century is noticeably better than before. However, some problems will never go away, like war and death. Aside from that, a problem which has recently plagued our society is the practice of animals-for-rent. Animals, like humans, have their own habitats, and they live in what we collectively call the wild. Some humans have decided to pull these animals out of their homes and rent them for profit through the inhumane practice of animals-for-rent. These ignorant people are very cruel; they treat the animals as objects that only serve as entertainment to the public in the form of rental books or DVDs (Animal Aid, 2007). This unsafe and exploitative practice has gradually weakened animal rights and rips deeply into human morality and conscience. It is often the case that the people involve in this practice, this so-called exotic pet markets, give no regards to the survival of these animals, which are often on the endangered list. According to Richard Farinato (in The Humane Society of the United States, www.hsus.org), wild and exotic animals are favorable vectors for diseases and parasites, often the outbreak of diseases cause the death of a mass of animals. If this situation is continue without any resolution, these animals might become extinct. Because there are no concerns to the needs of the animals, the livelihood will decrease rapidly, and eventually they might not be...
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...Enterprise Rent-A-Car: Measuring Service Quality SURVEYING CUSTOMERS Kelvin Kirkman wheeled his shiny blue BMW couple into his driveway, put the gearshift into park, set the parking brake and got out to check his mail box as he did every day when he returned home. As he flipped through the deluge of catalogs and credit card offers, he noticed a letter from Enterprise Rent-A-Car. He wondered why Enterprise would be writing him. THE WRECK Then he remembered. Early that month, Kelvin had been involved in a wreck. A he was driving to work one rainy morning, another car had been unable to stop on the slick pavement and had plowed into his car as he waited at a stoplight. Thankfully, neither he nor the other driver was hurt, but both cars had sustained considerable damage. In fact, he was not able to drive his car. Kelvin had used his cell phone to call the police, and while he was waiting for the offices to come, he had called his auto insurance agent. The agent had assured Kelvin that his policy included coverage to pay for a rental car while he was having his car repaired. He told Kelvin to have the car towed to a nearby auto repair shop and gave him the telephone number for the Enterprise Rent-A-Car office that served his area. The agent noted that his company recommended using Enterprise for replacement rentals and that Kelvin’s policy would cover up to $20 per day of the rental fee. Once Kelvin had checked his car in at the shop and made the necessary arrangements...
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...Executive summary The concept of this report is about marketing intervention, which is the price ceiling and price floors. Price ceiling is actually set below the equilibrium price by lowering the price of the goods so that consumers can be able to afford the goods, then price floors which is set above the equilibrium price by increasing the price of some goods in order to protect the interest of some certain producers, and also to see the efficiency and inefficiency of both the price ceiling and price floors. Efficiency which is the economics allocating there resources in a good manner for example government rent control policy and inefficiency, is when the resources are not proper allocated an its example which is the black market and then some graphs that represent the price ceiling and price floors with their explanations and then lastly the real world example of price ceiling and evaluating the effective policy. Price ceiling and price floor are both price controls and also for government to interfere in the free market that changes the market equilibrium price. Price ceiling basically happens when the government puts a legal limits on how high a product price can be and it also disallow prices to exceed a certain maximum that causes shortages in order to be affordable by the consumers, there will be a shortage of goods when ever the price is set below the market price, in this situation demand will be higher or supply will be shortage because consumers will be demanding...
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