The Effect Of Organic Food On Today s World - 1305 Words

The Influence of Organic Food in Today’s World When one goes to a grocery store today and compares it to one 20 years ago, they will notice a significant difference. One can find organic food in almost every store that sells food. Organic food has become increasingly more popular over the past few years due to a variety of considerations. Quality, convenience and price are a few examples of those considerations. The increase in demand and popularity results in varying opinions as to implications and facts about organic food. Viewpoints for and against organic food are emphasized throughout the essay because of the affect organic food has on consumers, businesses and farmers (Hsieh). The increasing demand of organic food is largely in part of the view consumers have of what organic food is. Consumers that are pro organic food have several reasons for purchasing and consuming organic food. For example, â€Å"Consumers buy organic products because they believe they are of high quality, and it is the task of the organic movement to underline these expectations by certification and optimization of the foods’ production processes† (Kahl). Consumers feel that by purchasing organic food, it will help their community grow and that consumers are putting better quality food into their bodies. Because there is no use of pesticides, consumers feel assured that they are receiving and consuming the best possible produce for themselves. The absence of pesticides is also presumed by someShow MoreRelatedThe World Is Witnessing A Food Revolution1216 Words   |  5 PagesThe world is witnessing a food revolution. Man s way of producing food has evolved from hunting and gathering to conventional farming, to now using genetic engineering to produce GMOs, otherwise known as Genetically Modified Organisms. Genetically modified foods are a topic of controversy among many in the United States and around the world today. Debates arise regarding the use of GMOs a nd the safety of them, but what exactly is a GMO? GMOs are crops whose genes have been artificially manipulatedRead MoreFood Goods Vs Whole Food Artifacts1339 Words   |  6 PagesFrom trendy reusable grocery bags, to Michelle Obama s organic garden at the White House, food and other food industry has changed. Over the past years the education of organic and whole foods has increased. Most organic foods are announced as heather and preservative free, many companies are now offering â€Å"gluten-free† products. Some people my wonder to themselves, â€Å"Why are Americans willing to pay double the amount for organic products†. Will this just be another popular trend, or are there reallyRead MoreHow Organic Food Is Healthier For You1524 Words   |  7 PagesOrganic food consists of any crops or animal product produced without the use of pesticides, man-made fertilizers, additives, or growth regulators. ‘In 2002 the USDA created national organic standards, overri ding any state regulators and creating a labeling system.’ (Griswold 2015) The Labels include different levels such as â€Å"100 percent organic† which means the product must be made from only organic products, â€Å"organic† products that have at least 95 percent organic ingredients, and products, â€Å"containingRead MoreAgriculture : A Global Environmental And Humanitarian Issue1489 Words   |  6 PagesAgriculture uses the domestication and cultivation of animals, plants, fungi and other life forms to produce food, fiber, biofuel, medicinal and other products to help sustain and enhance human life. Agriculture has existed for over the last 10,000 years and is credited into propelling our civilization into the modern cultures and technologies we see today. Without the ability to store and domesticate plants and animals it is unlikely that we would have been able to evolve beyond our hunting andRead MoreThe Causes Of Obesity And Obesity1519 Words   |  7 PagesAaron Heiden Robert S. Pilsner WR 121 17 March 2013 The Causes of Obesity Many people speculate that obesity is genetic, but is it? Is childhood obesity caused by a lack of exercise, an unhealthy diet, or both? Obese people, or more commonly referred to as fat people or overweight people, are defined as adults who’s BMI (body mass index) is over 30 percent. There have always been overweight people in human society, but the rate of growth for this percentage of our population has been steadily risingRead MoreGenetically Modified Organisms And Its Impact On The Environment1622 Words   |  7 PagesHave you ever wondered whether or not the foods we eat are safe? Nowadays, more than 70% of our products on food shelves contain genetically modified organisms (GMOs). Through the groundbreaking discovery of the structure of deoxyribonucleic acid (DNA) by scientists James Watson and Francis Crick, in 1953, many scientists are now able to edit and reconstruct genes in foods as basic as rice, meat, and corn, to name a few. GMOs should be banned in the United States because of their environmental, socialRead MoreOrganic Food : An Art1512 Words   |  7 PagesOrganic Food â€Å"To eat is a necessity, but to eat intelligently is an art† (Francois De La Rochefoucauld). For the past few years’ organic food has become very popular among today’s society. The topic has been spread across headlines of magazines for example, men’s and women’s health magazine. Organic food has made for some very intriguing and diverse conversions on documentaries, talk shows, and health seminars. Organic food is plain and simple it is the process inRead MoreOrganic vs. Conventional Farming Essay1625 Words   |  7 PagesOrganic farming is becoming an increasingly popular market throughout the world. (Adam, 2004, p. 666). The aims of organic farming are, to decrease pollution, maintain soil fertility and biodiversity, be more sustainable, and have increased nutritional benefits than conventionally grown foods (Yaping et. al., 2003, p. 298). While the aim of conventional farming is to provide safe, proficient supplies of food, in abundance an d at low prices (Trewavas, 2001, p.409). Since 1996, the amount of landRead MoreThe Use Of Pesticides And Their Rate Of Decay On Soil Rejuvenation944 Words   |  4 PagesOne of the largest, and unspoken issues being dealt with in the United States today is the use of pesticides and their rate of decay on soil rejuvenation. American culture currently accepts the adaptation of genetically modified foods without regard to its various effects. In fact according to the Organic Consumers Association,† It s estimated that 75 percent of processed foods contain GMOs and 80 percent of all food consumed in the U.S. is processed.†(5) Our country has developed a system in whichRead MoreIn 1953, Scientists James Watson And Francis Crick Revealed1590 Words   |  7 PagesThrough this groundbreaking revelation, many scientists are now able to edit and alter genes in foods such as tomatoes, milk, and corn. Genetically modified organisms (GMOs) should be banned in the United States b ecause of their environmental, social, and economical consequences. GMOs should be banned because of their harsh impact on the environment. They are causing biodiversity loss, affecting organic agriculture, and inhibiting sustainable agriculture. In his book, Beyond Evolution: The Genetically

Currency Movement Free Essays

string(39) " continuing its own economic function\." Executive summary The  Indian rupee  (? ) is the official  currency  of the  Republic of India. The issuance of the currency is controlled by the  Reserve Bank of India. The modern rupee is subdivided into 100 paisa  (singular  paisa), although this division is now theoretical; as of 30 June 2011, coin denominations of less than 50 paise ceased to be  legal tender. We will write a custom essay sample on Currency Movement or any similar topic only for you Order Now Banknotes are available in nominal values of 5, 10, 20, 50, 100, 500 and 1000 rupees. Rupee coins are available in denominations of 1, 2, 5, 10, 100 and 1000; of these, the  [pic]  100 and  [pic]  1000 coins are for commemorative purposes only; the only other rupee coin has a nominal value of 50 paisa, since lower denominations have been officially withdrawn. The  Indian rupee symbol  [pic]  (officially adopted in 2010) is derived from the  Devanagari  consonant â€Å"? † (Ra) with an added horizontal bar. The symbol can also be derived from the Latin consonant â€Å"R† by removing the vertical line, and adding two horizontal bars (like the symbols for the  Japanese yen  and the  euro). The first series of coins with the rupee symbol was launched on 8 July 2011. The Mahatma Gandhi series of banknotes are issued by the Reserve Bank of India as legal tender. The series is so named because the obverse of each note features a portrait of Mahatma Gandhi. Since its introduction in 1996, this series has replaced all issued banknotes. The RBI introduced the series in 1996 with [pic]10 and [pic]500 banknotes. At present, the RBI issues banknotes in denominations from [pic]5 to [pic]1,000. The printing of [pic]5 notes (which had stopped earlier) resumed in 2009. As of January 2012, the new Indian rupee sign has been incorporated into banknotes in denominations of [pic]10, [pic]100, [pic]500 and [pic]1,000. INTRODUCTION The Indian Economy is the eleventh largest economy in the world with a nominal GDP of US$1,235,975 million (IMF list). The Indian market has been booming in leaps bounds. By 2008, India had established itself as the world’s  second-fastest growing major economy after China, with a growth rate of 9. 4%. However, the year 2009 saw a significant slowdown in India’s GDP growth rate to 6. 8%. The Rupee hit a record low during early 2009 on account of the global recession. However, due to a strong domestic market, India managed to bounce back sooner than the western countries. Since September 2009 there has been a constant appreciation in Rupee versus most Tier 1 currencies. The exchange rate as on 30thOctober, 2010 is  [pic]44. 345 to the USD. A rising rupee prompted Government of India to buy 200 tonnes of Gold for $6. 7 billion from IMF in 2009 as a total role reversal from 1991. Indian forex reserves stands at  $294. 01 billion (Oct, 2010). What is Currency? A generally accepted form of money, including coins and paper notes, which is issued by a government and circulated within an economy. Used as a medium of exchange for goods and services, currency is the basis for trade. Any form of money that is in public circulation. Currency includes both hard money (coins) and soft money (paper money). Typically currency refers to money that is legally designated as such by the governing body, but in some cultures currency can refer to any object that has aperceived value and can be exchanged for other objects. What is currency fluctuation? Currency fluctuations are simply the ongoing changes between the relative values of the currency issued by one country when compared to a different currency. The process of currency fluctuation is something that occurs every day and impacts the relative rate of exchange between various currencies on a continual basis. HISTORY BRITISH INDIAN ONE RUPEE NOTE: In 1861, the government of India introduced its first paper money: 10-rupee notes in 1864, 5-rupee notes in 1872, 10,000-rupee notes in 1899, 100-rupee notes in 1900, 50-rupee notes in 1905, 500-rupee notes in 1907 and 1000-rupee notes in 1909. In 1917, 1- and 21? -rupee notes were introduced. The Reserve Bank of India began banknote production in 1938, issuing 2-, 5-, 10-, 50-, 100-, 1,000- and 10,000-rupee notes while the government continued issuing 1-rupee notes. INDEPENDENT ISSUES SINCE 1949 After independence, new designs were introduced to replace the portrait of the king. The government continued issuing the 1-rupee note, w hile the Reserve Bank issued other denominations (including the 5,000- and 10,000-rupee notes introduced in 1949). During the 1970s, 20- and 50-rupee notes were introduced; denominations higher than 100 rupees were demonetized in 1978. In 1987 the 500-rupee note was introduced, followed by the 1,000-rupee note in 2000. One- and two-rupee notes were discontinued in 1995. OBJECTIVE OF STUDY To get idea about fluctuations of Indian currency in last 10 years To gain knowledge about the factors affecting currency fluctuations To analyze effect of currency fluctuations on economy Impact of currency fluctuation on consumption, investment, exports and imports Factors Affecting Currency Fluctuation [pic] ECONOMIC POSITION: 1. Internal Factors 2. External Factors Internal Factors includes: Industrial Deficit of the country. †¢ Fiscal Deficit of the country. †¢ GDP and GNP of the country. †¢ Foreign Exchange Reserves. †¢ Inflation Rate of the Country. †¢ Agricultural growth and production. †¢ Different types of policies like EXIM Policy, Credit Policy of the country as well reforms undertaken in the yearly Budget. †¢ Infrastructure of the Country External Factors includes: †¢ Export tra de and Import trade with the foreign country. †¢ Loan sanction by World Bank and IMF †¢ Relationship with the foreign country. †¢ Internationally OIL Price and Gold Price. FOREIGN DEBT: Foreign debt, also known as external debt, is a term used to classify the amount of money a country owes to other countries or external banking organizations such as the World Bank. There are many reasons a country may choose to go into foreign debt, including infrastructure development or economic stimulation. As of 2009, the estimated foreign debt for all world countries combined hovered at about $56. 9 trillion US Dollars (USD). One term that comes up often when considering foreign debt is sustainability. For external debt to be sustainable, a country must have a high enough gross domestic product (GDP) in order to pay down and eventually pay off the debt while continuing its own economic function. You read "Currency Movement" in category "Papers" Therefore, a country with a high GDP or large employed population may be able to sustain much more debt than a small or poor country. POLITICAL FACTOR: In India election held every five years mean thereby one party has rule for the five years. But from the 1996 India was facing political instability and this type of political instability has created hefty problem in the different market especially in Forex market, which is highly volatile. In fact in the year 1999 due to political uncertainty in the BJP Government the rupee has depreciated by 30 paise in the month of April. So we can say that political can become important factor to determine foreign exchange in India. INFLATION RATE: It is widely held that exchange rates move in the direction required to compensate for relative inflation rates. For instance, if a currency is already overvalued, i. e. stronger than what is warranted by relative inflation rates, depreciation sufficient enough to correct that position can be expected and vice versa. It is necessary to note that an exchange rate is a relative price and hence the market weighs all the relative factors in relative terms (in relation to the counterpart countries). The underlying reasoning behind this conviction is that a relatively high rate of inflation reduces a country’s competitiveness and weakens its ability to sell in international markets. This situation, in turn, will weaken the domestic currency by reducing the demand or expected demand for it and increasing the demand or expected demand for the oreign currency (increase in the supply of domestic currency and decrease in the supply of foreign currency). INTEREST RATE: An important factor for movement in exchange rates in recent years is interest rates, i. e. interest differential between major currencies. In this respect the growing integration of financial markets of major countries, the revolution in telecommunication facilities, the growth of specialised asset managing agencies, the deregulation o f financial markets by major countries, he emergence of foreign trading as profit centres per se and the tremendous scope for bandwagon and squaring effects on the rates, etc. have accelerated the potential for exchange rate volatility. BALANCE OF PAYMENTS: As mentioned earlier, a net inflow of foreign currency tends to strengthen the home currency vis-a-vis other currencies. This is because the supply of the foreign currency will be in excess of demand. A good way of ascertaining this would be to check the balance of payments. If the balance of payments is positive and foreign exchange reserves are increasing, the home currency will become strong. LAST 10 YEARS GRAPH |Year |Rupees | |2000 |45 | |2001 |47. 23 | |2002 |48. 62 | |2003 |46. | |2004 |45. 28 | |2005 |44. 01 | |2006 |45. 17 | |2007 |41. 2 | |2008 |43. 1 | |2009 |48. 32 | |2010 |45. 61 | |2011 |46. 61 | Last 10 Years Fluctuation With U. S. $ Rs/$ exchange rate for last 10 years [pic] Major Fluctuations The major reason which draws attention towards this rupee appreciation has been a flood of foreign-exchange inflows, especially US dollars. The surge of capital inflows into India has taken variety of forms ranging from foreign direct investment (FDI) to remittances sent back home by Indian expatriates. The main impact of these flows is as follows: 1. FDI: India’s starring economic growth has created a large domestic market that offers promising opportunities for foreign companies. Moreover many companies rising competitiveness in many sectors has made it an attractive export base. 2. ECB (EXTERNAL COMMERCIAL BORROWINGS): Indian companies have borrowed enormous amounts of money overseas to finance investments and acquisitions at home and abroad. This borrowed money has returned to India, boosting capital inflows. In 2007-08 (april-september) external assistance (net) was placed at US $ 729 million as against US $ 386 million for the corresponding period in 2006-07 indicating a growth of 88. 9%. 3. FOREIGN PORTFOLIO INFLOWS (FII’S): India’s booming stock market embodies the confidence of the investors in the country’s corporate sector. Foreign portfolio inflows have played a key role in fuming this boom. Looking at the period of 2003-04 and 2006-07, the net annual inflow of funds by foreign institutional investors averaged US $ 8. bn. Trends during first five months of 2007 indicate that this flood is continuing with net FII inflows amounting to US $4. 6 bn. Another major source of portfolio capital inflows has been overseas equity issues of Indian companies via global depository receipts (GDR’s) American depository receipts (ADR’s). Moreover FII’s registered in India has doubled to 1050 between March 2001 –march 2007 and now around 3,336 FII subaccounts also exist. . FII equity flow has increased from $9. 8 billion in 2004, $ 11 billion in 2005 to over 16 billion in 2007. these inflows have risen to 43% in 2007. However in mid-October RBI banned foreign investment via off shore derivatives called participatory notes (PN). These derivatives were used by foreign investors not registered in India (say hedge funds) to indirectly invest through registered investors. Between Mar 2004 – Aug 2007 the number of FII sub accounts that issued PNs rose from 14 to 34. Many believed that motive behind such RBI measure was to improve transparency of capital inflows and that restricting inflows via PN would have little or no impact on overall inflows coming into the country. 4. INVESTMENT AND REMITTANCES: Another major source of capital inflows has been non-resident Indians (NRI’s) investing large amounts in special bank accounts. While NRI’s emotional connection to the country of origin is part of explanation to this, the attractive interest rate offered on such deposits also provide a powerful incentive. In 2006-07 NRI deposits amounted to US$ 3. 8 bn. another large source of foreign exchange inflows has been remittances from huge number of Indians working overseas temporarily. Such remittances amounted to a colossal of US $ 19. bn in April-December 2006, a 15% year on year increase. CHANGING SCENARIO OF 2008 The current year 2008 has started with sudden tide of depreciation of rupee. The rupee has lost its glory of invincibility that surrounded it over past one year. Between January and second week of February rupee depreciated against greenback by atleast 3%. The demand and supply theory The current year 2008 has started with sudden tide o f depreciation of rupee. The rupee has lost its glory of invincibility that surrounded it over past one year. Between January and second week of February rupee depreciated gainst greenback by atleast 3%. The recent spell of depreciation of rupee is the outcome of surging demand for greenback from oil importers. Oil prices have globally hit anew record of $135 per barrel on 22may 2008. Since oil is prices in dollar in global market and most of our crude oil requirements being met from imports from overseas, rising prices of crude oil meant that domestic oil companies will need more dollars to fund their purchases. This triggers rupee sales and dollar purchases thus leading to weakening of rupee. ADVANTAGES OF RUPEE APPRECIATION DAMPENING OF INFLATION: Normally, currencies appreciate when the economies are doing well and the rise in their value is a cause for celebration especially for consumers. A higher value of rupee will result in cheaper imports which, in turn has a dampening   effect on inflation. Thus, rupee appreciation helps control inflation. †¢   FOREIGN DEBT SERVICING: Appreciation of the rupee helps in easing the pressure, related to foreign debt servicing (interest payments on debt raised in foreign currency), on India and Indian companies. With Indian companies taking advantage of the United States soft interest rate regime and raising foreign currency loans, known as external commercial borrowings (ECBs), this is a welcome phenomenon from the point of view of their interest commitments on the loans raised. This will help them avoid taking a bigger hit on their bottom-line, which is beneficial for its shareholders. Indian companies which have Foreign Currency Convertible Bonds (FCCBs) like Reliance Communications, Bharat Forge, Sun Pharma and Ranbaxy  benefit from the appreciation of rupee.   OUTBOUND TOURISTS/STUDENT BONANZA: The appreciating rupee is a big positive for tourists traveling or wanting to travel abroad. Considering that the rupee has appreciated by over 10% against the US dollar since mid-2002, traveling to the US is now cheaper by a similar quantum in rupee terms. The same applies to students who are still in the process of finalizing their study plans abroad. For example, a student’s enrollm ent for a $1,000 course abroad would now cost only  [pic]44,000 instead of the earlier  [pic]49,000! †¢   GOVERNMENT RESERVES: Considering that the government has been selling its stake aggressively in major public sector units in the recent past, and with a substantial chunk of this being subscribed by FIIs, the latter will have to invest more dollars to pick up a stake in the company being divested, thus aiding the governments build up of reserves. DISADVANTAGES OF RUPEE APPRECIATION †¢Ã‚   EXPORTERS’ disadvantage:  The exporters are at a disadvantage owing to the currency appreciation as this renders their produce expensive in the international markets as compared to other competing nations whose currencies haven’t appreciated on a similar scale. Small exporters are hit badly by rupee appreciation as they have limited access to hedging products. This tends to take away a part of the advantage from Indian companies, which they enjoy due to their cost competitiveness. However, it must be noted that despite the sharp currency appreciation in recent times, Indian exports have continued to grow. †¢ DOLLAR DENOMINATED EARNINGS HURT: the strengthening rupee has an adverse impact on various companies/sectors, which derive a substantial portion of their revenues from the us markets (or in dollar denominations). Software and BPO are typical examples of the sectors adversely impacted by the appreciation of rupee. RUPEE APPRECIATION FROM THE EXPORTER’S POINT OF VEIW Most developing countries have economies based largely on exports that are competitive in global markets because of low prices. When those countries’ currency gains value, they are no longer able to offer exports to the global market at the same low prices that they planned to. This may cause importers to look elsewhere to country’s with lower valued currency and thus prices or to order less than they would have otherwise. Thus, the share of exports in economy will be affected, if the currency appreciates. The main effect on the exporters is that an appreciated currency  makes the exporter’s products more expensive in overseas markets and it thus erodes their international competitiveness. In the Indian scenario today, the  IT industry is growing by 31% YOY and major operations (around 80-85%) are outsourced from the US-based companies. Hotels like ITC, Taj etc. have about 50% of their revenues in terms of dollars. Thus, these industries will stand to lose when rupee appreciates. Similiarly, silk industry had to bear the brunt as it was  71% sensitive to the  hardening of the currency. Cotton and jute were less sensitive to the rising rupee at  23% and 18% respectively. The  IT sector companies were  upto  90% sensitive to  rupee appreciation. RUPEE APPRECIATION FROM THE IMPORTER’S POINT OF VEIW The reverse phenomenon happens when you look at rupee appreciation from the importer’s point of view. Oil companies are highly benefitted, more than  80% crude oil is imported from the gulf and  other counties. Acc to an Indian Oil Corporation manager, for every Rs1 appreciation, crude oil price dips by  2%. Another major beneficiary of rupee appreciation are the  Indian companies who have gone for recent acquisitions using foreign debt-leverage. Indian companies who have International borrowings in their account are also benefitted. An appreciating rupee is beneficial for the country’s external debts as well. Consumer electronic goods, imported apparels etc become available at cheaper prices as a result of a higher valued rupee. Industries which import raw materials get these at a  cheaper price. LITERATURE REVIEW 1. In the year, December 2010 Dr. Gaurav Agrawal, Aniruddh Kumar Srivastav Ankita Srivastava had done A Study of Exchange Rates Movement and Stock Market Volatility. This research empirically examines the dynamics between the volatility of stock returns and movement of Rupee-Dollar exchange rates, in terms of the extent of interdependency and causality. 2. In the year, March 2011 RBI had done study on an empirical analysis of relation between currency future and exchange rates volatility in India. In this paper they have find a relationship between the exchange rate volatility and the trading activity in the currency futures. Trading in currency futures in USD-INR rates was permitted at the time when the financial crisis had hit the advanced economies. MONETARY POLICY UNDER FLEXIBLE EXCHANGE RATES If exchange rates are fixed, then the capital flow affects the stock of foreign exchange assets and the money supply. If the exchange rate is allowed to vary, then the exchange rate will change in response to the capital flow. Similarly, the policy change affects the level of economic activity. A change in income results in a changed demand for imports and net exports . he change in demand for imports affects the demand for foreign exchange and also has an impact on foreign exchange market. The third party of analysis accordingly identifies the impact of the change in the interest rate in the money market on the foreign exchange market-foreign exchange reserves or the exchange rate. As the exchange rate depreciates, the competitiveness of domestic economy improves and exports increases. The increase in money sup ply in a floating exchange rate regime with imperfect capital mobility thus resulting: A depreciation of the exchange rate. †¢ An increase in income †¢ A decline in interest rate †¢ An improvement in the current account balance BIBLIOGRAPHY †¢http://www. investopedia. com/terms/c/currency. asp#ixzz28ttvjLVD †¢http://www. mbaknol. com/managerial-economics/factors-affecting-the-exchange-rate-of-indian-rupee/ †¢http://www. marketoracle. co. uk/Article28468. html †¢www. ccsenet. org/ijbm †¢http://www. sapphireconsultinggroup. in/Rupee_appreciation. html#Executive http://www. investorwords. com/2186/GNP. html#ixzz2CsUdLeaQ APPENDICES BPO BPO is distinct from information technology (IT) outsourcing, which focuses on hiring a third-party company or service provider to do IT-related activities, such as application management and application development, data center operations, or testing and quality assurance. BOP A record of all transactions made between one particular country and all other countries during a specified period of time. BOP compares the dollar difference of the amount of exports and imports, including all financial exports and imports. A negative balance of payments means that more money is flowing out of the country than coming in, and vice versa. EXCHANGE RATE the exchange rate is the quantity of one currency required to buy or sell one unit of the other currency. FISCAL DEFICIT The difference between total revenue and total expenditure of the government is termed as fiscal deficit. It is an indication of the total borrowings needed by the government. While calculating the total revenue, borrowings are not included. FDI FDI refers more specifically to the investment of foreign assets into domestic goods and services. FOREIGN DEBT An outstanding loan that one country owes to another country or institutions within that country. Foreign debt also includes due payments to international organizations such as the International Monetary Fund (IMF). The debt may be comprised of fees for goods and services or outstanding credit due to a negative balance of trade. GNI The Gross national income (GNI) consists of: the personal consumption expenditures, the gross private investment, the government consumption expenditures, the net income from assets abroad (net income receipts), and the gross exports of goods and services, after deducting two components: the gross imports of goods and services, and the indirect business taxes. GDP Gross Domestic Product, is a primary indicator used to assess the strength of a country’s economy representing the total value of all the goods and services produced over a particular time frame. GDP = C + G + I + NX Where, â€Å"C† is equal to all private consumption, or consumer spending, in a nation’s economy â€Å"G† is the sum of government spending â€Å"I† is the sum of all the country’s businesses spending on capital†NX† is the nation’s total net exports, calculated as total exports minus total imports. (NX = Exports – Imports) GNP Gross National Product. GNP is the total value of all final goods and services produced within a nation in a particular year, plus income earned by its citizens (including income of those located abroad), minus income of non-residents located in that country. IMF The IMF plays three major roles in the global monetary system. The Fund surveys and monitors economic and financial developments, lends funds to countries with balance-of-payment difficulties, and provides technical assistance and training for countries requesting it. How to cite Currency Movement, Papers

Teva free essay sample

In the late 1940s and 50sTeva and other Israeli pharmaceuticals emerged because big pharmaceuticals were not setting up a presence in Israel and private investors shied away. The lack of presence and investment were due to action taken in 1945 by the Arab League of Nations boycotting any company that did business with Israel. c. Teva set itself apart from its competitors in Israel by looking forward; they saw hat consolidation allowed growth having one company offer full complement of products. They have also used Jewish universities to perform RD which allowed them to enter the innovative market at a lower RD, this was not Just successful in the Israel market but in the worldwide market. Teva has vulnerabilities in a few fronts. Competitive front: a. The large pharmaceutical threaten Tivas market share by starting up their own generic arms. Novartis has done this with Sandoz. b. Large pharmaceuticals are partnering with generic drug companies to file the ANDA and getting the 180 day exclusivity. c. Teva also has more competitors from emerging countries that want to take some market share. Strategic front: Teva is spreading into the innovative market and biosimilars. This is increasing their RD and may lead them away from their core business. Managing Growth through acquisition: Teva has been acquiring and consolidating the market since its inception. They are currently doing this on a global scale. As of 2009 thy have grown to $14 Billion in

The JFK Conspiracy Essays (1842 words) - , Term Papers

The JFK Conspiracy On November 22, 1963 President John F. Kennedy arrived in Dallas to a crowd of excited people lining the streets hoping to get a glimpse of the President. As his motorcade proceeded down Elm Street, Governor Connally's wife said, "You can't say that Dallas isn't friendly to you today Mr. President." Upon that, John F. Kennedy, the thirty-fifth President of the United States was assassinated. The United States mourned the death of its young and inspiring President. It has been thirty-seven years since the assassination of John F. Kennedy and many people are still uncertain as to who is actually responsible for his assassination. Through the years there have been numerous theories that the CIA and the FBI were somehow linked to the assassination. Though many would doubt that the president's own government would conspire to murder him; there are several possible reasons for their potential participation in an assassination plot. The Bay of Pigs was the spark that ignited the devastating fire. 1500 CIA trained anti-Castro expatriates were sent to seize Cuba. At the critical last moment President Kennedy cancelled the air strikes which were supposed to disable Castro's air force. As a result more than 100 of the CIA's men were killed; the remaining agents surrendered. (Morrissey) Kennedy took full public responsibility for the Bay of Pigs disaster though secretly he blamed the CIA. Kennedy fired three of the CIA's top men whom were responsible for the operation: Director Allen Dulles, who was later a member of the Warren Commission (Lifton 176), General Cabell, and Richard Bissel. (Morrissey) After the CIA lost time, effort, and people in the attempt to secure Cuba, the CIA became hostile and wanted to get rid of Kennedy to prevent him from losing more ground, especially in Vietnam.Adding to the fire were Kennedy's secret commitments to pulling out of Vietnam and his threat to?Smash the CIA into a thousand pieces and scatter them in the wind? (Belzer 79) There were three known attempts on taking JFK's life in the fall of 1963. In late October, Thomas Arthur Vallee was arrested by the secret service in Chicago days before a scheduled visit by Kennedy. Vallee was discovered to have an M-1 rifle, a handgun, and three thousand rounds of ammunition. Days later, the Secret Service received another threat: Kennedy would be ambushed in Chicago by a Cuban hit squad. The Chicago trip was cancelled without explanation. On November 18, four days before the assassination in Dallas, Joseph Milteer outlined the details for the upcoming Texas attempt to a police informant. None of these threats were forwarded to authorities in Dallas. (Belzer 10) The amounts of activity and suspicious incidents in Dallas on November 22, 1963 are astounding. The evidence in the third and final attempt on President Kennedy's life in Dealey Plaza provides a reason to believe that U.S. government agencies had a role in JFK's death. It all begins on Main Street on which the motorcade was supposed to stay (Garrison 117). The Dallas Morning News featured a detailed map of the planned motorcade route. The motorcade was supposed to take a relatively strait course through Dealey Plaza without passing by the Book Depository. Suddenly, unexpectedly the motorcade veered from the approved route. This exposed JFK to snipers positioned at the Book Depository, ?Grassy Knoll?and the Dal-Tex building. This also caused drivers to slow down to an estimated 10 miles per hour. The Secret Service have had to approve the unexplained changes. (Garrison 117-119) There were many photographers and people videotaping in the Dealey Plaza who captured the devastating moments in which President Kennedy was murdered. Mary Muchmore shot a movie of the final frontal shot into Kennedy's head (Belzer 17). Orville Nix shot a video that features flashes from the grassy knoll and an image of what people believe to be a gunman (Belzer 17). Robert Hughes captured movement from the sixth floor corner window of the Book Depository and the window next to it (Belzer 17). Abraham Zapruder shot perhaps the most famous film of all. His film stemmed evidence that for instance, there was a question ?based on the timing of the firing sequence taken from his film- as to whether a lone gunman could

Frontiero v. Richardson - 1973 Supreme Court Case

Frontiero v. Richardson - 1973 Supreme Court Case edited with additions by  Jone Johnson Lewis In the 1973 case Frontiero v. Richardson, the U.S. Supreme Court ruled that sex discrimination in benefits for military spouses violated the Constitution, and allowed the spouses of military women to receive the same benefits as did the spouses of men in the military. Fast Facts: Frontiero v. Richardson Case Argued: Jan. 17, 1973Decision Issued: May 14, 1973Petitioner: Sharron Frontiero, a lieutenant in the United States Air ForceRespondent: Elliot Richardson, Secretary of DefenseKey Question: Did a federal law, requiring different qualification criteria for male and female military spousal dependency, discriminate against woman and thereby violate the Fifth Amendments Due Process Clause?Majority Decision: Justices Brennan, Douglas, White, Marshall, Stewart, Powell, Burger, BlackmunDissenting: Justice RehnquistRuling: The Court ruled that the statute required dissimilar treatment for men and women who are similarly situated, violating the Fifth Amendments Due Process Clause and its implied equal protection requirements. Military Husbands Frontiero v. Richardson found unconstitutional a federal law that required different criteria for male spouses of military members to receive benefits, as opposed to female spouses. Sharon Frontiero was a U.S. Air Force lieutenant who tried to get dependent benefits for her husband. Her request was denied. The law said that male spouses of women in the military could only get benefits if the man relied on his wife for more than half of his financial support. However, female spouses of men in the military automatically were entitled to dependent benefits. A male serviceman did not have to show that his wife relied on him for any of her support. Sex Discrimination or Convenience? The dependent benefits would have included an increased living quarters allowance as well as medical and dental benefits. Sharon Frontiero did not show that her husband relied on her for more than one half of his support, so her application for dependent benefits was denied. She contended that this distinction between male and female requirements discriminated against servicewomen and violated the Due Process Clause of the Constitution. The Frontiero v. Richardson decision noted that U.S. statute books were laden with gross, stereotyped distinctions between the sexes. See Frontiero v. Richardson, 411 U.S. 685 (1977). The Alabama district court whose decision Sharon Frontiero appealed had commented on the administrative convenience of the law. With a vast majority of service members being male at the time, surely it would be an extreme administrative burden to require each man to demonstrate that his wife relied upon him for more than half of her support. In Frontiero v. Richardson, the Supreme Court pointed out that not only was it unfair to burden women and not men with this extra proof, but men who could not offer similar proof about their wives would still receive benefits under the current law. Legal Scrutiny The Court concluded: By according differential treatment to male and female members of the uniformed services for the sole purpose of achieving administrative convenience, the challenged statutes violate the Due Process Clause of the Fifth Amendment insofar as they require a female member to prove the dependency of her husband. Frontiero v. Richardson, 411 U.S. 690 (1973). Justice William Brennan authored the decision, noting that women in the U.S. faced pervasive discrimination in education, the job market and politics. He concluded that classifications based on sex should be subjected to strict judicial scrutiny, just like classifications based on race or national origin. Without strict scrutiny, a law would only have to meet a rational basis test instead of a compelling state interest test. In other words, strict scrutiny would require a state to show why there is a compelling state interest for the discrimination or sex classification, instead of the much easier to meet test of some rational basis for the law. However, in Frontiero v. Richardson only a plurality of justices agreed about strict scrutiny for gender classifications. Although a majority of the justices agreed that the military benefits law was a violation of the Constitution, the level of scrutiny for gender classifications and questions of sex discrimination remained undecided in this case. Frontiero v. Richardson was argued before the Supreme Court in January 1973 and decided in May 1973. Another significant Supreme Court case the same year was the Roe v. Wade decision regarding state abortion laws.

10 Fascinating Facts About Stick Insects

10 Fascinating Facts About Stick Insects Stick insects are part of the order Phasmatodea (also known as phasmids and walking sticks) and are most often found in subtropical tropical habitats- when you can find them, that is. These amazing bugs are hard to spot because they look so much like twigs- until those twigs get up and walk away, that is. 1. Stick Insects Can Regenerate Limbs Should a bird or other predator grab hold of its leg, a stick insect  can still make an easy escape. Using a special muscle to break it off at a weak joint, the imperiled insect simply sheds the leg in a defensive strategy is known as autotomy. Juvenile stick insects regenerate the missing limb the next time they molt. In some cases, adult stick insects can even force themselves to molt in order to regain a lost leg. 2. Stick Insects Can Reproduce Without Males Stick insects are a nation of Amazonians, able to reproduce almost entirely without males, using a process known as parthenogenesis. Unmated females produce eggs that when mature, become female stick insects. When a male does manage to mate with a female, theres only a 50/50 chance that the offspring of that union will be male. A captive female stick insect can produce hundreds of all-female offspring without ever mating. In fact, there are species of stick insects for which scientists have never found any males. 3. Stick Insects Even Act Like Sticks Stick insects are so named for their effective camouflage among the woody plants where they feed. Theyre typically brown, black, or green, with thin, stick-shaped bodies that help them blend in as they perch on twigs and branches. Some stick insects exhibit lichen-like markings to make their camouflage more authentic but to make the disguise complete, stick insects imitate twigs swaying in the wind by rocking back and forth as they move. 4. Their Eggs Resemble Seeds Stick insect mothers arent the most maternal. While some stick insects females actually make an effort to hide their eggs- sticking them to leaves or bark or placing them in the soil- they typically drop eggs randomly on the forest floor, leaving the youngsters to whatever fate befalls them. Dont be so quick to judge mama stick insect, though. By spreading her eggs out, she lessens the chance of predators finding and eating all of her offspring at once. Its also helpful that the  eggs resemble seeds, so carnivorous predators are less likely to take a closer look. 5. Nymphs Eat Their Molted Skin After a nymph has molted, its vulnerable to predators until its new cuticle darkens and hardens. The castoff skin nearby is a dead giveaway to enemies so the nymph quickly consumes the shriveled exoskeleton to get rid of the evidence, simultaneously recycling the protein it took to create the discarded layer at the same time. 6. Stick Insects Arent Defenseless Stick insects arent venomous but if threatened, one will use whatever means necessary to thwart its attacker. Some will regurgitate a nasty substance to put a bad taste in a hungry predators mouth. Others reflex bleed, oozing a foul-smelling hemolymph from joints in their body. Some of the large, tropical stick insects may use their leg spines, which help them climb, to inflict some pain on an enemy. Stick insects may even direct a chemical spray, much like tear gas, at the offender. 7. Their Eggs May Attract Ants Stick insect eggs that resemble hard seeds have a special, fatty capsule called a capitulum at one end. Ants enjoy the nutritional boost provided by the capitulum and carry the stick insect eggs back to their nests for a meal. After the ants feed on the fats and nutrients, they toss the eggs onto their garbage heap, where the eggs continue to incubate, safe from predators. As the nymphs hatch, they make their way out of the ant nest. 8. Not All Stick Insects Stay Brown Some stick insects can change color, like a chameleon, depending on the background where theyre at rest. Stick insects may also wear bright colors on their wings but keep these flamboyant features tucked away. When a bird or other predator approaches, the stick insect flashes its vibrant wings, then hides them again, leaving the predator confused and unable to relocate its target. 9. Stick Insects Can Play Dead When all else fails, play dead, right? A threatened stick insect will abruptly drop from wherever its perched, fall to the ground, and stay very still. This behavior, called thanatosis, can successfully discourage predators. A bird or mouse may be unable to find the immobile insect on the ground or prefer living prey and move on. 10. Stick Insects Are the Worlds Longest In 2008, a newly discovered stick insect species from Borneo broke the record for longest insect (which had previously been held by another stick insect, Pharnacia serratipes). The Chans Megastick, Phobaeticus chani, measures an incredible 22 inches with legs extended, with a body length of 14 inches. Sources Marshall, Stephen A. Insects: Their Natural History and Diversity. Firefly Books, 2006.Gullan, P.J., and Cranston, P.S. . The Insects: An Outline of Entomology. Wiley-Blackwell, 2010.

Problem solution Essay Example | Topics and Well Written Essays - 1250 words

Problem solution - Essay Example However, with proper outlook and penalties, the drug cartels can be eradicated and the prevalence rate reduced. Causes of the Problem Modernization of cartels Cartels have modernized and no longer operate using the old-fashioned methods of organization and weaponry. These cartels will buy their weapons at gun shows in America and transport them in small quantities to other parts of the world so that they are not detected. These weapons include surface to air missiles as well as armored personnel carriers and communication devices (Perrin 109). The traffickers can put up huge investments such as highly designed tunnels to ensure that they are transported back and forth without any police interference. The crime families also no longer operate individually, but they have joined to form international crime networks that allow for easier shipment of drugs between countries. These collaborations include the American mafia, collaborating with the Colombian cartel and several Mexican cartel s in order to have easier transitions through borders. The Russian constellation of mafias is believed to be in sixty-five countries and the Castello family in Italy has political ties with several leaders in their country. Such collaborations have made it difficult for a single government agency to be able to prevent the entry of drugs into the country (Arquilla and Ronfeldt 109-111). Insecure Neighbors For the past few years, Mexico has been waging a war on drugs. On one side are the government forces on the other the Mexican cartels who want to continue the business due to its high profits. Mexican smugglers are believed to make 30 billion dollars annually from the movement of drugs into USA and this operation has profited them to the point that they can successfully resist government forces for over 6 years. This war aptly named El Narco has caused many Mexicans to migrate annually from their country to USA. Every year approximately 500000 Mexicans move into the country with ove r 80% using illegal methods (David 11). These immigrants provide the cartels with many possible routes for entry into the country as well giving the cartels in USA many potential recruits to use as traffickers in the Border States and to spread as they move. The USA cannot simply close off its borders due to its long-standing trade with Mexico. Mexico is USA’s third largest trading partner and provides it with oil a vital ingredient for its industries. Until the Mexican forces win El Narco, the USA will experience a drug influx from its southern border. Poor Policy The USA policy on drug use has been severely criticized due to its ineffectiveness in reducing the narcotics prevalence rate but increasing the number of people incarcerated. The law has been criticized as being vengeful and targeting minorities and the poor (Kain). Majority of the people arrested for drug related offences are disproportionately black even in states where they are an insignificant minority. Due to the high incarceration rate and the policy not being geared towards catching the overseers of these operations, many first time offenders will leave the prisons to go back into the habit. Until the government reviews its policy on punishment and rehabilitation, a large number of poor and minority groups will continue to operate in the drug business. Solutions Policy Change The United States needs its review its strategy on the war on drugs and look into reducing the demand instead of fighting