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FUNDAMENTALS of ECONOMICS
The Aim & Scope of Economics:
The study of economics is aimed at finding the natural law governing an economy and its scope is to find the ideal principles for the working of an economy based on those findings.
There is no such Thing as Free Lunch:
Writer: Darren Ng
Op-Ed
Can Tax Cuts Help Improve the American Economy?
In this paper, I intend to pursue a discussion which fundamentally affirms the relative benefits of Senator Barack Obama’s plan to increase taxes, in view of the telling need to rescue the American economy, against the disadvantages of Senator John McCain’s proposal to push for tax reductions. I intend to take cue from the manner by which these two senators have capitalized on the current state of the American economy to proffer their respective views on the economy. Surely, the American people are a witness to the epic battle between Senators Barack Obama and John McCain, especially in respect to the contrasting stance they took on thorny issue of tax levies; i.e., while Senator Obama has staunchly supported the concept of keeping the American economy afloat through a tax increase scheme, McCain has, on the other hand, espoused the more populist tax-reduction approach. Through this brief paper, I intend to prove that Senator Obama’s proposal to relatively increase taxes is what the American society needs right now, so as to restore the people’s confidence in the state of the economy.
I must admit that I am hardly surprised at all to see that Senator McCain’s proposal for tax cuts has been gleefully welcomed by a majority of the Americans, who feel that they are to become the direct beneficiaries of such a program. As far as McCain himself is concerned, he believes that by lowering taxes, he would be able to stimulate the economic trends of the country. In an article by a political reporter named Abdon Pallasch, she reports that according to Douglas Holz-Eakin, adviser to the McCain camp, the latter’s proposed tax policy is essentially a “job-first plan that keeps small businesses in the game” (SunTimes). But what McCain’s tax reduction scheme unfortunately undermines is no less than the wellbeing of the already battered American economy. I have reasons to believe McCain’s tax-cut scheme would end up benefiting the rich enterprises with large sum of money inasmuch as tax cuts would give them more money to invest more on than place their assets on commodity consumption and/or providing services. There is only a need to show why and how.
It’s no secret that online trading can be a very lucrative, yet highly competitive field, and the truth is that the stock market doesn’t care if you are an experienced or a beginner trader.
The rules and the opportunities are the same for everyone, so either you are going to make money when you pick a stock and make a trade or you are simply going to lose it in favor of the more seasoned ones.
If you’ve never heard of Roatan or Pico Bonito, you will. They are two of tomorrow’s hotspots for fun in the sun. As we hear from Grant Winter, they’re both in the Central American nation of Honduras, a country in perfect position for foreign investment. Read More→
Information Technology lies at the very heart of today’s organisations and many companies are now so dependent on their networks that they take them for granted. In today’s 24/7 digital economy, just imagine the business implications of critical data being lost, internet and email access being unavailable or your internal network going down.
The impact of the unexpected on your business, whether in the form of malicious damage such as hacking or some kind of natural disaster, can be devastating in the networked world. Take for example the 2007 flash floods across the UK. Following the wettest May to July on record, approximately 7,100 businesses were flooded and the resulting damage cost an estimated GBP3 billion1. However, this figure fails to take into account the cost of lost business during that period, when some companies were unable to operate a normal (if any) service, or the damage to reputation that the inability to communicate caused. No-one can predict the future, but by carefully planning in advance you can ensure that your business is in the best possible position, if and when disruption occurs.
In today’s dynamic business environment you’re either Growing or Going…out of business that is! If you’re part of the latter contingent and have made the decision to get out of a business but are unable to transition your business internally or sell it as an intact entity, full or partial liquidation of assets may be an appropriate exit strategy. Asset liquidation can provide quick cash and assist in diversifying equity. However, before you terminate your lease, sell a key piece of equipment, or disconnect your utilities, make sure you have a well-thought-out plan.