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Category Archive Uncategorized

Religion

Religion
A review of the New International Version and the King James versions of the Holy Bible show five references to religion in the New Testament and none in the Old Testament.

Restitution for African Slave Labor

Restitution for African Slave Labor
Jewish holocaust survivors sued several of Germany’s biggest companies, alleging that the firms profited from Nazi-era slave labor. The lawsuits followed the recent Holocaust settlement of $1.25 billion with Swiss banks, and a pledge by the Italian insurance firm Asscurazioni Generali to pay $100 million to compensate Holocaust victims for unpaid insurance policies. Generali was one out of sixteen insurers facing a class-action lawsuit filed in behalf of Jewish survivors.

In the Long Run U.S. Financial Sanctions will Backfire

In the Long Run U.S. Financial Sanctions will Backfire
Political and business elites in the U.S. use financial sanctions as a weapon to destroy economies. However, to avoid potential U.S. sanctions countries are moving away from the U.S. dollar as a global currency and slowly reducing foreign demand for U.S. dollars, which will be disastrous for the U.S. economy.

Improving the Economy in Distressed Communities

Improving the Economy in Distressed Communities

Without significant influx of credit, economically distressed communities will remain poor. The nonprofit Economic Innovation Group indicated that more than 50 million Americans live in economically distressed communities. Florida and Bendix mapped the most distressed communities in the United States and noted that “In the average distressed ZIP code, around 25 percent of adults lack a high school diploma, and a whopping 55 percent are not working.”

Inappropriate Wage Reduces the Supply of Local Eastern Shore Crab Pickers

Inappropriate Wage Reduces the Supply of Local Eastern Shore Crab Pickers
The crab industry claimed that Trump’s immigration policies caused a shortage of H-2B crab pickers from Mexico on Maryland’s Eastern Shore. The Eastern Shore of Maryland is the region east of the Chesapeake Bay and home to many of Maryland’s crab companies.

Autonomous Vehicles: Are they Safe?

Autonomous Vehicles: Are they Safe?
Many believe that autonomous, self-driving or robotic vehicles are the future of the automobile industry and a source of profit for the ride-sharing industry. Some proponents of autonomous vehicles (AVs) argue that these vehicles will increase safety, lower insurance rates, reduce crime, improve traffic flow and so on. Others, such as Solomon, are aware that “Autopilot controls are not yet fully capable of functioning without human intervention – but they’re good enough to lull us into a false sense of security.”

The U.S. Tariffs Unlikely to be Beneficial

The U.S. Tariffs Unlikely to be Beneficial

A tariff is a tax on an imported good. Businesses losing market share due to imports often petition their government to impose tariffs on imports. Tariffs, however, raise the relative domestic price above the relative world price by the amount of the tariff, making the good more profitable for the inefficient businesses and costlier to domestic consumers. When the relative domestic price of the good is higher than the relative world price, the domestic industry production process is inefficient.

Tax Cuts Outcomes

Tax Cuts Outcomes

Clarity on the winners and losers of the Republican tax cuts is important for taxpayers, because it signals what legislators aim to accomplish and the effects of the tax cuts on them. Tax cuts reduce government revenue and if government spending is not reduced by the same amount of the tax cuts, the deficit increases. When the government deficit increases, it crowds out private investments because the government has to borrow to cover expenses. Additionally, if the government reduces spending to accommodate the tax cuts, private sector suppliers of goods and services, as well as their employees, social security beneficiaries and so on will be adversely affected.

Understanding Profit and its Components

Understanding Profit and its Components

Profit is the difference between revenue and cost, where the revenue is the selling price times the number of items sold, and the cost is the sum of wages paid to inputs of the production process, and it includes the fixed cost. Businesses maximize profits by increasing revenue or reducing the cost or doing both.

Building a Safety Culture

Building a Safety Culture
Organizations can prevent injuries by creating a culture of safety. Dilley and Kleiner (1996) argued that creating a culture of safety means that employees are constantly aware of the hazards in the workplace. According to Cooper (2001), many managers and safety practitioners do not know what a “safety culture” is. A safety culture integrates safety in all organizational systems. Thus, safety should be a principal and measurable organizational goal, known to all, and with accountability throughout the organization (Safety Management Systems, 2009).