A recent article published in the Proceedings of the National Academy of Sciences, indicated that about one-fifth of the pollution in China spews into the atmosphere and crosses the Pacific in about 6 days and increases smog levels in the United States. Los Angeles and parts of the eastern U.S. experienced at least one extra day of smog that exceeded federal health standards for ozone in 2006 as a result of emissions from export manufacturing in China.
Explain how people living in the U.S. contribute to this pollution.
Identify actions that can be done, both at the individual and political levels, to reduce or prevent the air pollution.
Are you or someone you know susceptible to upper respiratory problems or infections (i.e. bronchitis, asthma, etc.)? Describe a typical episode and what exacerbates the infection? Do you feel that your respiratory infection is related to poor indoor/outdoor air quality? If so, explain why you believe it’s due to the poor air quality.
In: Psychology
Jesse’s former residence was rented almost immediately with occupancy commencing April 1, 2018, under the following terms: one-year lease, $2,400 per month due the first day of the month, first and last months’ rent in advance, $2,000 damage deposit, lawn care included but not utilities. The tenant complied with all terms except that the December rent payment was not made until January 1, 2019, because the tenant took an extended holiday trip that started on Thanksgiving Day (November 22) through Christmas Day (December 25). Expenses in connection with the property were as follows: property taxes, $2,600; repairs, $320; lawn maintenance, $540; insurance, $1,800; and street paving assessment, $2,100. The property is located at 12120 Lake Road, Harvey, MI 49855.
How would this be presented on a tax return? What expenses would be included/excluded and what income would be recognized? United States Tax Laws
In: Accounting
QUESTION 45
According to the text, the main methods used to resolve disputes in international business are arbitration, mediation and litigation
True
False
QUESTION 50
Forum Non Conveniens (the country) and Venue (the state) both concern the location of a trial and both must be determined according to international law
True
False
1 points
QUESTION 51
Forum Non Conveniens refers to the discretionary power of a court to refuse to hear a case, even though jurisdiction and venue are otherwise proper, because another forum is better suited
True
False
1 points
QUESTION 52
In the case M/S Breman v. Zapata Off-Shore Co., the court dishonored the forum selection clause because the damage to the drilling rig occurred in a storm in close proximity to the United States off the coast of Florida and of great distance from Great Britain, the selected forum
True
False
1 points
In: Operations Management
Give examples of how "race" is employed in everyday life
that reveals how powerful it is, or that reveals that it is a
"social construction."
Be sure to engage with assigned readings and other learning
materials below. (500 words or more)(copy paste links in
the browser)
In our readings, pay attention to how the “Asian race” has been produced, and how it intersects with Asian religions and what implications that may have for Asians in the United States.
Moreover, think and rethink what you know about race, and engage with the idea of race as a social construction. What does this mean?
Reading 1 link https://www.dropbox.com/s/okuoy59zeuqh4sq/Religion%20Race%20and%20Orientalism--JLEE.pdf?dl=0
Reading 2 link https://www.dropbox.com/s/okuoy59zeuqh4sq/Religion%20Race%20and%20Orientalism--JLEE.pdf?dl=0
video 1 link https://www.youtube.com/watch?v=yHpWzZh2xA4
video 2 link https://www.youtube.com/watch?v=zwHadEXkbyw
In: Psychology
Okun’s Law is written as u – u(-1) = -0.4 (gY – 3%)
a. What is the sign of u – u(-1) in a recession? What is the sign of u – u(-1) in a recovery?
b. Explain where the 3% number comes from?
c. Explain why the coefficient on the term (gY – 3%) is -0.4 and not -1.
d. Suppose the number of immigrants per year allowed to enter the United States is sharply increased. How would Okun’s law change?
2. Use the IS-LM-PC model to illustrate how the economy adjusts to an increase in taxes both in the short run and in the medium run.
3. Explain why in the medium run an increase in the price of oil will cause an increase in the unemployment rate.
4. If the economy is initially operating at the natural level of output why an increase in the price of oil will cause an increase in the aggregate price level.
5. Explain why during the short run, an increase in the price of oil will cause an increase in the interest rate.
In: Economics
An industry is a group of companies producing similar products or services (e.g., fast food, higher education, automotive, etc.). An industry is not limited to a small geographic area. Your Industry Analysis should consider the entire industry within the United States in which your company belongs. Include additional information about regional factors if appropriate.
The following subheadings are suggestions for organization of your memo (followed by sufficient and well-cited analyses):
You must use information from at least five unique sources as part of your analysis. Published sources that you might consult include trade journals, industry publications, and U.S. Department of Commerce publications.
In: Operations Management
During the summer of 2017, fifteen former leaders of the White House Council of Economic Advisors signed a letter to President Trump urging him not to place tariffs on imports of steel into the United States. The letter notes that “Among us are Republicans and Democrats alike, and we have disagreements on a number of policy issues. But on some policies there is near universal agreement. One such issue is the harm of imposing tariffs on steel imports.” Tariffs are taxes imposed by government on imports. Those who endorse tariffs and other barriers to free international trade believe that such barriers protect domestic industries and the jobs of their employees.
Why do many economists, including those who have served for both Republican and Democratic administrations, support free trade policies and oppose tariffs and trade barriers even if these barriers are designed to protect domestic workers from losing their jobs? What types of jobs would be most vulnerable to job losses due to competition from imports?
In: Economics
Instructions: Please read the passage “Slaves in
Tulsa” below.
The points of view presented to you in “Slaves in
Tulsa” illustrate some issues related to global stratification.
Some common points of view that people have about this type of
issue are:
Some people believe that people who come from less
developed nations and work in the US for less than minimum wage may
do so because they are better off than they would have been had
they stayed in their home country. Further, some suggest that it is
beneficial to the economy of the US to have workers who work for
less than minimum wage and who perform jobs that other Americans do
not want to do, while others believe that it is detrimental to
American workers who feel that these people are taking their jobs.
Some also believe that when you come to the US for work, under any
circumstances (documented or undocumented), then you should be
protected under the law and given the same rights as all.
Your task is to think about the reading and answer the
following two questions. You must write your answers in
the first person, you can respond to the two questions separately
or in a five-paragraph essay, and your answers to the two questions
must have at-least 600 words in total.
What are the ethical issues presented in the
reading?
What ethical responsibility would/do you have
regarding this information?
Slaves in Tulsa
Could slave still exist in the United
States? According to Kevin Bales, the United States
imports about 50,000 slaves every year. In February
2002, the Midwestern city of Tulsa, Oklahoma, was shocked to learn
that they had slaves working in their midst. Workers
recruited by a Mumbai (formerly Bombay), India, company signed
contracts for labor overseas. Many paid the company a
fee of more than $2,000 to gain employment in the United
States. Workers flew to Tulsa where they worked as
welders for an industrial equipment manufacturer.
These workers left their country with a promise of
long-term residency, good jobs, and high pay. What they
found was significantly different. The group lived in
barracks on the factory grounds, sometimes working 12-hour days and
earning as little as $2.31 an hour. The company’s food
was substandard, and many workers had to share beds because of a
shortage of space. In the dormitory, a sign stated that
workers who left the grounds could be sent back to India and the
armed guards patrolled the grounds. Many also reported
verbal threats and deliberate intimidation to keep the workers on
the property.
After the workers were found, the U.S. firm claimed
they were not involved in slavery and any fault was that of the
Mumbai labor company. The corporation claimed that the
workers were merely temporary trainees, so they did not deserve the
minimum wage or other employment benefits. The court saw
the matter differently and found the company guilty of exploiting
the workers through human trafficking. A fine of $1.2
million provided about $20,000 for each worker.
After the case broke, many local community members
helped the Indian workers find legitimate jobs, and immigration
hearings allowed them to legally stay in the
country. This case has a happy ending, largely because
it occurred in a country with a free press and a strong
government. Unfortunately, most contract labor occurs in
countries without either of these two important
components.
In: Operations Management
|
Four senior executives of the world’s largest firms with extensive holdings outside the home country speak. Company A: “We are a multinational firm. We distribute our products in about 100 countries. We manufacture in over 17 countries and do research and development in three countries. We look at all new investment projects both domestic and overseas- using exactly the same criteria”. The execution from Company A continuous, “of course most of the key posts in our subsidiaries are held by home-country nationals. Whenever replacements for these men are sought, it is the practise, if not the policy, to look next to you at the head office and pick someone (Usually a home country national) you know and trust”. Company B : “ We are a multinational Firm- only 1 percent of the personnel in our affiliate companies are non-national. Most of these are us executives in temporary assignments. In all major markets, the affiliates managing director is of the local nationality”. He continuous, “of course there are very few non-Americans in the key posts at headquarters. The few we have are so Americanized that we usually do not notice their nationality. Unfortunately, you cannot find good foreigners who are willing to live in the United states, were out headquarters is located –American executives are more mobile. In addition, American have the drive and initiative we like. In fact, the European nationals would prefer to report to an American rather than to some other European”. Company C: “We are a multinational Firm- Our product division executives have world wide profit responsibility. As our organizational chart shows, the United States is just one region on a par with Europe, LatinAmerica, Africa, etc., in each division”. The executives from Company C go on to explain “the World Wide product division concept is rather difficult to implement. The senior executives in charge of these divisions have little overseas experience. They have been promoted from domestic posts and tend to view foreign consumer needs as really basically the same as ours. Also, product division executives tend to focus on the domestic market because the domestic market is larger and generates more revenue than the fragmented foreign markets. The rewards are for global performance, but strategy is to focus on domestic. Most of our senior executives simply do not understand what happens overseas and really do not trust foreign executives, even those in key positions”. Company D (non-American): “We are a multinational Firm. We have at least 18 nationalities represented at our headquarters. Most senior executives speak at least two languages. About 30 percent of our staff at headquarters is foreigners. 15 He continuous by explaining that “Since the voting shareholders must by low come from the home country, the home country’s interest must be given careful consideration. But we are proud of our nationality; we should not be ashamed of it. Infact, many times we have been reluctant to use home-country ideas overseas, to our detriment, specially in air U.S. subsidiary-our country produces good executives, who tend to stay with us a long time. It is harder to keep executives from the United States. Questions: (a) Discuss which company is truly multinational? (b) Outline all the attributes of a truly multinational company? |
In: Economics
The first transaction is for the import of good quality wines from Australia, since a retail liquor trading chain customer in the United States, for who you have been doing imports over the past five years has a very large order this time. The producer in Australia informed you that the current cost of the wine that you want to import is AUD$2,500,000. The wine in Australia can be shipped to the United States immediately but you have three months to conduct payment.
The second transaction is for the export of 3d printers manufactured in the U.S.A. The country where it will be exported to is Britain. The payment of £2,500,000 for the export to Britain will be received nine months from now.
You consider different transaction hedges, namely forwards, options and money market hedges.
You are provided with the following quotes from your bank, which is an international bank with branches in all the countries:
Forward rates:
|
Currencies |
Spot |
3 month (90 days) |
6 month (180 days) |
9 month (270 days) |
12 month (360 days) |
|
$/£ |
1.30009 |
1.30611 |
1.31217 |
1.31825 |
1.32436 |
|
$/AUD |
0.72390 |
0.72516 |
0.72641 |
0.72766 |
0.72892 |
Bank applies 360 day-count convention to all currencies (for this assignment apply 360 days in all calculations).
Annual borrowing and investment rates for your company:
|
Country |
3 month rates |
6 months rates |
9 month rates |
12 month rates |
||||
|
Borrow |
Invest |
Borrow |
Invest |
Borrow |
Invest |
Borrow |
Invest |
|
|
United States |
2.687% |
2.554% |
2.713% |
2.580% |
2.740% |
2.607% |
2.766% |
2.633% |
|
Britain |
0.786% |
0.747% |
0.794% |
0.755% |
0.801% |
0.762% |
0.809% |
0.770% |
|
Australia |
1.973% |
1.875% |
1.992% |
1.894% |
2.012% |
1.914% |
2.031% |
1.933% |
Bank applies 360 day-count convention to all currencies. Explanation – e.g. 3 month borrowing rate on $ = 2.687%. This is the annual borrowing rate for 3 months. If you only borrow for 3 months the interest rate is actually 2.687%/4 = 0.67175% (always round to 7 decimals when you do calculations). Furthermore, note that these are the rates at which your company borrows and invests. The rates are not borrowing and investment rates from a bank perspective.
Option prices:
|
Currencies |
3 month options |
6 month options |
||||||
|
Call option |
Put option |
Call option |
Put option |
|||||
|
Strike |
Premium in $ |
Strike |
Premium in $ |
Strike |
Premium in $ |
Strike |
Premium in $ |
|
|
$/£ |
$1.29961 |
$0.00383 |
$1.31268 |
$0.00383 |
$1.30564 |
$0.00381 |
$1.31876 |
$0.00381 |
|
$/AUD |
$0.72155 |
$0.00690 |
$0.72843 |
$0.00690 |
$0.72279 |
$0.00688 |
$0.72969 |
$0.00688 |
Bank applies 360 day-count convention to all currencies. (Students also have to apply 360 days in all calculations). Option premium calculations should include time value calculations based on US $ annual borrowing interest rates for applicable time periods e.g. 3 month $ option premium is subject to 2.687%/4 interest rate.)
a. Calculate the cost of money market hedges for the import from Australia (Complete Table 3 on the separate answer sheet).
Table 3: Australia import cost with money market hedge:
|
PV of foreign currency to be invested |
Converted at spot to $ and to be borrowed |
$ amount to be repaid after period |
Exchange rate locked in with transaction |
|
|
Show answers in this row: |
||||
|
Show your workings in the columns below the answers (Use 7th decimal rounding in workings) |
In: Finance