Inflation always bad for an economy

Is inflation always bad for an economy? Inflation is a general Increase in prices and fall In the purchasing value of money measured as percentage; ways of measuring It Include the retail price index and the consumer price Index. One cost of Inflation Is that firms may have to spend money, time and effort moving money around financial Institutions (banks etc. ) so that they can ensure It doesn't lose Its value, It Incurs shoe leather costs as a result of this.However these costs can be offset by advances in technology, less human intervention is needed and costs are lower Another cost is that inflation leads to Geiger prices, these high prices reduce the competitiveness of the countries companies on global markets this reduces exports and leads to a dependency on imports, severely affecting a countries balance of trade. As imports are a leakage from the circular flow of income, it has negative effects on consumers within the country.Reduced exports due to high prices may lead to firm s having to close, this may lead to staff being made redundant and Increasing the unemployment rate. However, these negative effects may be mitigated If the firms with which the source entry Is trading with has a higher level of Inflation, In which case, the firms In the country will still remain price competitive with foreign companies.One positive of inflation Is that If you have a low and stable rate of demand-pull inflation It may lead to companies producing more as they expect more consumption of their goods. This may lead to them hiring more staff or purchasing more technology, either increasing employment rates or increasing turnovers of other businesses that make the technology required, all of which increase economic activity and have positive effects.Companies can reduce redundancies by increasing real wages by less than inflation, cutting costs but without making staff unemployed which would have sever negative effects on consumers and the economy. The economic costs of i nflation are dependent on a variety of factors, such as the degree of Inflation, for example: higher levels of Inflation always have a worse Impact on an economy than low levels, e. G. Hyperinflation reduces the functionality of money and also as low Inflation reduces the effect of shoe leather costs It Is clearly better than high levels of Inflation. Another determinant of the effects of inflation is whether the inflation was correctly anticipated by consumers and producers and whether inflation in one country is higher than the countries it partakes in trade with because if this is the case, measures can be taken to reduce the negative impacts of inflation.For example pensions could be increased to stay in line with inflation. If these factors are all set in a certain way then the effects of inflation can become positive, however generally this is not the case and inflation negatively affects an economy. Inflation always bad for an economy? By Chatterer Inflation is a general incr ease in prices and fall in the purchasing value of money measured as percentage; ways of measuring it include the retail price index and the consumer price index.One cost of inflation is that firms may have to spend money, time and effort moving money around financial institutions (banks etc. ) so that they can ensure it doesn't lose its value, it incurs shoe leather costs as a result of this. May lead to staff being made redundant and increasing the unemployment rate. However, these negative effects may be mitigated if the firms with which the source entry is trading with has a higher level of inflation, in which case, the firms in the country will still remain price competitive with foreign companies.One positive of inflation is that if you have a low and stable rate of demand-pull inflation it may lead dependent on a variety of factors, such as the degree of inflation, for example: higher levels of inflation always have a worse impact on an economy than low levels, e. G. Hyperinf lation reduces the functionality of money and also as low inflation reduces the effect of shoe leather costs it is clearly better than high levels of inflation.

Brazil World Cup

The relationship between the FIFFA president Sepp Blatter and Brazil president Dilma Rousseff has been rocky, especially when the realization hit that Brazil is facing some alarming delays when it comes to the hosting of the 2014 world cup. Jerome Valcke (the general secretary of FIFFA) however has not helped to improve the overall relationship between not only Brazil and Blatter, but had made conflict, mostly initialized threw messages, envelope. The FIFFA president had asked for talks with Rousseff concerning the collapse of the relationship of organization and the world cup of 2014 hosts.The troubled partnership hit an all-time low at the weekend following Valcke’s criticism towards the hosts. The majority of the conflict that Valcke had made clear rather rudely, was focusing on the delays and the trouble it has a possibility to cause. An exert of the message includes â€Å"to push yourself, kick your arse and just deliver this World Cup†. The Brazilian government re sponded by saying they no longer desired to work with him, causing a stronger tension that came to the point of almost breaking the alliance they non-formally had.On Tuesday March 6 2012 ( 48 hours after his comments ) Valcke issued an apology followed up by another apology from Blatter that made clear his disapproval of Valcke’s words but also made clear that indeed time is running out. Blatter's letter states: â€Å"Please allow me to express my deepest regret for the present situation. I am gravely concerned about the deterioration in the relationship between FIFFA and the Brazilian government, a relationship that has always been characterized by mutual respect. He also includes: â€Å"Brazil deserves to host the World Cup and the entire world is looking forward to it. However, the sands of time have been running since 2007. † Brazil chose to accept the apology and at the current time FIFFA and Brazil our working to meet the deadlines of the world cup in time, and in peace.Bibliography Sepp Blatter Requests Talks with Brazilian President. † The Independent. Independent Digital News and Media, n. d. Web. 04 Nov. 2012. <http://www. independent. co. uk/sport/football/news-and-comment/sepp-blatter-requests-talks-with-brazilian-president-7543288. html>.

Leadership Plan For A Leadership Development Plan

When an organization wants to better and improve itself the leadership is the most important resource available. They are the rock of the organization and the engine that pulls the weight of the cars. In order for the organization to help grow a comprehensive leadership development plan must be establish and used. A leader can make or break the organization as they are the ones that make things happen or let things fail. A good leader has vision, takes initiative, influences people, makes proposals, organize logistics, solves problems, follows-up on tasking’s, and assumes responsibility for the good or the bad things that happen. Gone are the days where a leader at the top of the organization with followers below him. It is easy to develop a team of leaders around you and leadership does not have to be a lonely business. When the right people are trained you can share your responsibilities, vision, and commitment with them and create a team. Of course there needs to be a leader, but a good leader will use, not exclude, his talented staff. One person is not able to do everything and if they try to they will fail. This is why it is critical for a leadership development plan to be a standard in every organization. The elements I would include are: developing a plan for training based on the needs of the organization, promote access training for all employees, create a comprehensive employee profile, develop goals, develop objectives and do evaluations throughout theShow MoreRelatedLeadership Development Plan2596 Words   |  10 PagesTable of contents TOC o 1-7 h z u HYPERLINK l _Toc336427196Introduction PAGEREF _Toc336427196 h 4 HYPERLINK l _Toc336427197Leadership Categories PAGEREF _Toc336427197 h 4 HYPERLINK l _Toc336427198How a leader operates PAGEREF _Toc336427198 h 5 HYPERLINK l _Toc336427199The problem solving factor PAGEREF _Toc336427199 h 6 HYPERLINK l _Toc336427200Values of a good leader PAGEREF _Toc336427200 h 8 HYPERLINK l _Toc336427201Skills in a leader PAGEREF _Toc336427201 h 9 HYPERLINK lRead MoreLeadership Development Plan994 Words   |  4 PagesLeadership Development Plan In creating my personal leadership development plan, I will first provide an overview of what I have found to be my strengths and weaknesses and in doing so will make a distinction as to my leadership style. I will then discuss recent activities I have undertaken which have served to underscore these strengths and weaknesses. Finally, I will lay out my plans for future growth and development as a leader. There are several activities assignments that have beenRead MoreLeadership Development Pl Leadership Plan Essay1429 Words   |  6 PagesRunning head: LEADERSHIP DEVELOPMENT PLAN 1 LEADERSHIP DEVELOPMENT PLAN 5 My Development Plan The specific LEADERSHIP TASK AREAS I want to address Mentoring / Coaching Employee / One on one Training, Emotional Situation: According to the results of the Leatherman Leadership Questionnaire (LLQ), I have to improve myself in ethically, have to improve myself confidence to handle emotions of employees, and one on one training. 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Trumans Blunder The Decision to Drop the Atomic Bomb

The atomic policy against Japan was closely related to the fear of Soviet expansion in Asia. U.S. leaders were strongly conscious of Russia’s agreement at Yalta to join the war against Japan three months past Germany’s surrender on May 7, 1945 (Fogelman, 124). Among the U.S. invasion of Japan planned for November 1, 1945, U.S. officials were doubtful about the cooperative mission with Russia in which Russia would have power at the peace table. However, the successful detonation at Alamogordo had transformed everything. The bomb guaranteed that the U.S. no longer required Russian aid to win in the Pacific (Wainstock, 132). In reality, Russian involvement would now only threaten American postwar interests. If successful, the atomic bomb†¦show more content†¦After the Trinity nuclear test, conducted on July 10, 1945, the nuclear weapon’s ability was shown. Even U.S. President Harry S. Truman attended the testing of the weapon (Ferrell, 189). The destruction instigated by the explosion comprised of the disintegration of a 60 foot high steel tower; additionally the bombs detonation created a crater 6 feet deep and 1,200 feet in diameter. The bomb was so powerful that a steel tower half a mile away collapsed. Even men 10,000 yards away were flung off their feet, and the men carrying out the test, as well as Truman felt the heat from the explosion on their hand 32 kilometers away from the bomb (Maddox, 154). After experiencing this Truman ought to have been more restrained regarding the use of the weapon; particularly when he stated it would be detonated on a military target not a civilian target. However, it was obvious that both targeted cities Hiroshima and Nagasaki were industrialized cities with large populations that would lead to many civilians being killed (Fogelman, 145). In addition, the United States did not look at the treat that the radiation from the bomb posed on civilians. Another reason that the bomb’s use was unjustified was that the U.S. made aware that Japan was on the verge of surrender. Japan had been blockaded by the navy and had been continuously bombed. Cities such as Tokyo were decimated and thousands of

Essay about A Time in History - 674 Words

A Time in History I’ve been asked before: â€Å"What time period in history would you most like to visit and experience the most?† And I would have to stop and wonder where exactly I would want to go. I use to have much trouble in answering this question. There are countless events and points of time in history that I would absolutely love to get to see with my own eyes and experience with my own body and mind. However, I now find it rather easier to respond without having to stop and think for so long. Somewhere along thereabouts of the 13th century would definitely be one of my choices now. There are many things I would like to see for myself. For one, the works of art produced during that time period would be first on my to-do†¦show more content†¦His works range from his realistic Madonna Enthroned painted tempera on wood in 1310 to his ever-famous painting, The Lamentation over the Dead Christ, painted fresco in the Arena Chapel in Padua, Italy earlier in 1305. Be cause of his advances, artists thereafter began to accomplish the same. His works I would definitely like to see for myself. The accomplishments in architecture during that time, I have to say, are simply genius. Just to think of how these mass cathedrals, palaces, and such other buildings were precisely thought of and built absolutely fascinates me and blows my mind. Gothic architecture, I think, would be a good sight to see. I’d like to see the hard ships of the labor done on such high structures as well as how exactly they put together everything. For example, the stained-glass windows that are found in most Gothic-style cathedrals must have been a long time consuming process. The meticulous work done on these windows is extraordinary. There are too many chapels and cathedrals for me to specifically name all the ones I would like to witness being built. I will name, however, the abbey church of Saint Denis, the Florence Cathedral in Italy and the Palazzo Pubblico, w hich is also found in Italy. Finally, the last thing I would admire about the time is the literature. There is nothing better than trying to analyze exactly what an author was thinking at the time he or she was writing hisShow MoreRelatedThe Missing Time : The History Of Human History1345 Words   |  6 Pagesmissing time, the several months just before the arrival of the volunteers era. The more Phillip thought about it the more he was almost certain of that. They must have been watching us at that point in our history. The world was at its all time worst then, at a critical juncture, a precipice, and they changed all that. They altered the course of human history almost instantly and caused all of civilization to do a complete turnaround. 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Since the first time humans were able to see their own reflections, there have been Cosmetologists. It began as a very skilled trade among the poor or servant class. (S1). It is said that the Egyptians were one of the first to use â€Å"makeup† as art, which puts them as one of the front-runners for cosmetics. The Egyptians used ochres and dyes for their cheeks and eyes. (S1). Many others didn’t use makeup in ancient times, such as Greece. Women

Gold, God or Glory free essay sample

You’ve just gotten out of prison after doing three years for taking part in burning a heretic. You’re not married, you have no kids and you don’t have too much going on for you right now. The minute you get out, you’re best friend is right there waiting for you. He’s got the let’s do something insane face you’ve grown to hate. You don’t know what he’s going to ask you but you know it’s crazy. He says, â€Å"Want to travel across the sea with me? † Through word of mouth, he’s been asked by a man, who goes by Christopher Columbus, to travel with him and eighty other men on a ship across the Atlantic. It’s crazy, it’s reckless but will you go? Why would a person living in Spain decide to pack up and leave everything he was use to in search for new lands? Did these men long to travel thousands of miles across the ocean facing and unknown death for simply religious reasons? Or was it because these men were willing to risk all, start a new beginning and take the chance at gaining massive wealth and glory? There is no doubt that for most men, gold was the main source of motivation for explorers, followed closely by fame and lastly God. Especially apparent in Aguirre, or the Wrath of God, the Spaniard’s risking travel across the Atlantic did so because they wanted to receive the ultimate reward, gold and lots of it. The myth of the riches is not a myth at all but rather can be presented as fact. The desire to travel in search of riches dates back to before Spain’s dominance as a nation during time when the kingdoms of Castile and Aragon were still separated. Portugal’s ideal location near the Atlantic Ocean made it ideal for the country to travel up and down the cost of Africa. As a result, the Portuguese nation grew tremendously wealthy due to its easy sea access along the coast allowing the trade of products and slaves. â€Å"Arguably, the quest for direct access to West African slaves led directly to the Iberian discovery of the Americas. † The sudden growth of Portuguese attracted many other navigators, sailors and slave traders, Christopher Columbus to be included. Christopher Columbus believed that one could sail West across the Atlantic and hit Asia. The Portuguese did not believe him and in doing so, brought him to seek anyone else that would supply him on his journey. He searched elsewhere and stumbled upon the support of the Spanish Crown through Queen Isabella. Columbus set off for Asia in 1492 and by mistake, hit an island in the Caribbean. It can be argued that the Spanish conquest of the new lands was not for economic gain but rather for religious purposes. Bartolome De Las Casas in his personal letter, a Short Account of the Destruction of the Indies (1542), he states that â€Å"the Americas were discovered in 1492, and the first Christian settlements established by the Spanish the following year. The Spanish forming a Christian settlement in such a short time provides evidence that the Spanish placed religion high on their priority. He goes on later to say that â€Å"these would be the most blessed people on earth if only they were given the chance to convert to Christianity. † To sum, the letters speak about the brutality of the Spaniards against the natives which has resulted in the abandonment of many islands once inhabited by natives. Bartolome De Las Casas, in his personal account of the New World, does not once speak of the colonies’ economic well-being or search for gold. But does this mean that religious conquest was more important than the newly settle Spaniard’s desire to find gold? It does not. Remember, De Las Casas was a Dominican friar that owned slaves of his own. So how is it possible for the Spanish priests to save the indigenous people if they couldn’t even save their own from divine punishment? In Christopher Columbus’s letter to the Spanish crown in 1494, he states nine of his thirteen points to be about the transportation and the transfer of gold. Keep in mind that two years have already passed since his arrival to the new world. In this letter, Columbus addresses issues dealing mainly with gold, placing with a lesser importance on conversion, spiritual conquest, and religion in general. Columbus only speaks of the conversion of Indians in a single point which states â€Å"That there shall be a church, and parish priests or friars to administer the sacraments, to perform divine worship, and for the conversion of the Indians. † If Columbus and the Spaniards were more interested in the salvation of the indigenous people rather than for gold, it would only make sense that there would be more points about the conversion of natives than gold. It would also make sense for him to go into great detail about the process of conversion as well as the acceptable consequences for natives unwilling to convert. Columbus does not go into any more detail than simply stating that a church, priests and the conversion of Indians be presence. Nowhere does it state number of people needed to be converted, or any other quota of the sort. Columbus’s letter makes it extremely difficult to believe the Spaniard’s number one motive was conversion. But rather, the letter makes it quite clear that the Spaniard’s as well as Columbus’ motivation for exploration was more focused on gold, the search, transportation and the claim to any gold found in the New world. Fast-forward a few decades to 1560, the Spaniards have established their colonies and now are on the search for the golden city of El Dorado. In the movie, Aguirre or the Wrath of God, the director, Werner Herzog, makes it clear to the viewer that the conquistadors are in search of riches and riches alone. There are multiple scenes where the missionary, Gaspar de Carvajal, and the slaves are together but never does the film show the missionary’s desire to convert them into Christians. In one particular scene as the Spaniards ride on a raft down the river, they stumble upon two natives in a nearby canoe. Aguirre and his men, capture both of the natives which are then presented to the rest of the crew. The Spaniards and missionary, upon sight of immediately ask where he had gotten the gold. Herzog pays particular attention-to-detail in the missionary’s expression when he notices the native man’s golden necklace. Rather than the welcoming and holy image, one might think the missionary might have upon first-contact, the missionary instead morphs into a vicious and greed-filled man. The viewer is able to see the desire for wealth painted all over the missionary’s face and only after he finds out which direction the gold is in does he decide to convert the natives. The order in which the Spanish missionary went about his duties clearly shows to the viewer that in his mind, he had his material desires first and conversion of the native second. This particular scene goes against the belief that the Spaniards were interested more in salvation than finding riches. Rather it gives clear evidence for the motives of the Spaniards on their quest to find El Dorado and ultimately, their desire for gold. Not only does Aguirre or the Wrath of God suggest a slight desire for conversion of natives, it also suggests the Spanish Conquistadores desire for wealth and glory. This can be backed up towards the end of the movie, Aguirre more than anything else, wants the fame and power that comes with obtaining new lands. He twice refers back to Cortez, the Spanish conquistador that disobeyed the Spanish crown and in doing so discovered Mexico, as a way of rallying his men. In his mind, he has the obsession over the illusion of the city of El Dorado even when his men start to lose faith he pushes on and consequently, kills them all. The movie closes with Aguirre on the raft, everyone around him has died off from a fever or starvation, but even then he still continues searching until his death for the illusion of fame and fortune. Aguirre’s last words, â€Å"I, the Wrath of God, will marry my own daughter and with her I will found the purest dynasty the world has ever seen. Together, we shall rule this entire continent. We shall endure. I am the Wrath of God! † Herzog rightfully, portrays the Spanish in a historically accurate light. He sets them up as wealth and fame hungry men motivated solely on their unquenchable desire for power and fortune. Although many Spaniard’s did choose to travel overseas for a â€Å"Spiritual Conquest†, there is no doubt the Spaniard’s freely chose to look death in the face for the potential greater gain of wealth and glory. It just doesn’t make sense for a person to pack up, and risk everything they had going for them in Spain for the sole purpose of religious conversion. Unless, a person is a missionary, there is no other reason for looking and searching for a person(s) to forcibly convert. And if even if you did happen to be a missionary, that still doesn’t mean gold, and the splendor of vast riches had no effect on you. Money is king. And it is rightfully king, because it continues to make the world go round.

Social Aspects of Information Technology

Executive Summary This is part one of a report that was prepared with reference to week eight of the activity that involved creating a social network. The activity was centered on the marketing of a clothing fashion brand through a group page created on Facebook. This report details the step-by-step procedure of creating the social network on Facebook, the experience of the group during the social networking process and the eventual outcome of the activity.Advertising We will write a custom report sample on Social Aspects of Information Technology specifically for you for only $16.05 $11/page Learn More Creating a Social Network We followed a systematic schedule in the creation of a social network for part one of the report. The activities of the group began in week 2 with the brainstorming of ideas for the search and choice of a brand that we wanted to promote through the use of a social media platform. The group had only one member at this point. In we ek three, the activities of the group intensified as the group membership increased to three people. We narrowed down the ideas we generated during our brainstorming phase of the activity by choosing our preferred brand and a social networking platform. We specifically settled on Kalimah Brand as our preferred brand and Facebook as our preferred social networking website. The Procedure and Outcome of the Social Networking Activity Kalimah Brand is a prolific clothing line that is based in Jeddah, Saudi Arabia. The brand specializes in the manufacture and distribution of top notch fashion clothing that caters for the needs of customers across the market demographics. Our choice of Kalimah Brand was primarily informed by the company’s online presence. The brand operates at the Kalimah e-store through which it distributes its vibrant fashion and clothing varieties. We reckoned that this would make it easier for us to integrate and synergize the online visibility of the Kalimah e -store with our interactions and our target customers on our Facebook page. The choice of Facebook being our preferred social media platform, was influenced by the popularity and end-user friendly characteristics of Facebook in comparison to other social media platforms such as Twitter and Myspace. We sufficiently established that Facebook would guarantee easy integration between our target individual clothing items of the Kalimah Brand, the Kalimah e-store, and our group page. Moreover, we recognized that the use of Facebook among the population is more widespread in Saudi Arabia compared to the other social media networks. As such, this provided the group with a great potential to reach out as many customers as possible while creating a huge fan base for our group’s discussion board and forum.Advertising Looking for report on it? Let's see if we can help you! Get your first paper with 15% OFF Learn More In week four, our activities had boiled down to the actua l social media marketing on Facebook. We modified our group page and added a fan page to the main group page so as the solicit feedback from our followers. We created different demographic categories that mainly included â€Å"Women† and â€Å"Men† for our targeted marketing of products. We then proceeded to upload 15 pictures for the â€Å"Women† category. Our membership increased to five people with the addition of a new group member â€Å"Mehdi† having been the hallmark activity of the week. The quality of our discussion forum similarly improved tremendously. Our fan page particularly contributed towards creating a feedback-oriented discussion forum for our group page. Week five saw our membership increase to eight with the upload of 20 pictures for the â€Å"Men† category of our brand’s products having taken the center stage. Our activities went a notch higher in week six when we promoted ladies’ t-shirts for summer. Our Facebook group page became more active following the growth of our membership to 13 people. We were particularly impressed by the response of customers on our Facebook page as many people began to inquire about the store manufacturer, the location of the store, and delivery methods for products. By week seven, our membership had doubled to 26 people and the number of inquiries about our brand’s products continued to increase. Conclusion The success of our group was largely motivated by the high quality standards of clothes from the Kalimah Brand. It was easy to sell these products because their photographs were evidently appealing encouraging prospective customers to seek for more information. The ease of feedback communication was the biggest advantage of social media networking that we experienced during this group activity. This report on Social Aspects of Information Technology was written and submitted by user Angela W. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.