Three Reasons to Develop Solar Energy essays

Three Reasons to Develop Solar Energy essays According to the Solar Energy Industries Association reports there was a 67% increase in the solar industry from 2009 to 2010 in the United States. In addition to 67% sales increase, the U.S. solar equipment was installed in 2010 a total capacity of 956 megawatts, and the same year, a total generating capacity of the global solar equipment 17GWp. These statistics show that many people consider solar electric power systems as the future of alternative electric production. Nowadays most people move away from depending on fossil fuel based power generation to alternative energy sources like wind and solar. Hundreds of families have turned to residential solar power generation to control their future electric cost and supply. Nowadays, solar energy is used to provide electricity to homes, schools, businesses, universities and space vehicles used by NASA. Solar power is the energy of the future because it is environmentally safe, it is financially profitable, and it is energy independent . The first reason why solar power is the future is that it is environmentally safe. According to Sean Russell and his article "Environmental advantage for solar energy," solar energy does not produce any environmental risk. It is considered to be the cleanest and safest way to produce energy nowadays. Solar power is generated in such a simple and clean manner that it does not leave behind toxic waste and by-products as opposed to a chemical or nuclear form of energy, which poses health and environmental danger on its production and maintenance. In fact, there are many reasons why solar power can easily become the world's most environmentally friendly alternative fuel source. According to the article "Shining A Light On Solar Power Benefits," solar energy production does not have any bad impact to human beings, animals or natural environment as its generation does not create greenhouses gases like carbon dioxide and carbon monoxide. As opposed to other...

Business Ethics Essay Example | Topics and Well Written Essays - 1500 words - 2

Business Ethics - Essay Example Throat cutting competition and desire for growth is pushing companies to make every possible effort to improve their performance. It was during the 1950s when experts used the term â€Å"performance management† to refer to the systematic and controlled process with which organizations would monitor their performance in order to achieve their goals effectively and efficiently. Today, performance management is a crucial part of every big organization. Despite the fact that the Human Resource Departments are usually responsible for conducting the performance management functions and activities, entire organizations contribute to the process to make it successful (Dresner, pp. 214-219). There are five major pillars of performance management. First, planning the goals and objectives and deciding on the expectations. Second, performance management, as mentioned earlier is also about having a check and balance on the performance of the organization and its employees. Third, performan ce management also binds managers to ensure that there are enough resources available at the disposal of the company, departments, and employees to achieve those goals. Fourth, with the help of balance scorecards and performance appraisals forms, performance management also requires managers to rate and evaluate the performance of individuals and groups. Fifth, lastly, with different pay systems of contribution-based pay, performance based pay, skill based pay and others, and it rewards and appreciates employees for their performance (Cardy, Leonard & Newman, pp. 85-89). Managers all over the world are realizing that many decisions and processes required for performance management necessitate upholding of high ethical and moral standards. These ethical dilemmas are everywhere in the system of performance management. It becomes even more important to answer and address because many decisions concerning the future of the company and the future of its employees, remains depended on the se performance management decisions. Companies use this data for recruitment, selection, layoffs, terminations, promotions, bonuses, pay increases, rewards, demotions, and others (Cardy, Leonard, & Newman, pp. 85-89). One ethical question, which comes up during the performance management of companies, is the fact that whenever companies manage performance of their employees, they are well aware of the fact that the element of â€Å"bias† is embedded deeply in the system. Experts have pointed out many forms of bias, which are present in the system when employees are being rated. First, leniency error when the rater or the manager has the tendency to be lenient, nice, and kind to all the employees because he knows that these ratings would probably decide their future. Furthermore, in order to keep harmony within the group or the department, to gain support, to avoid any tensions or confrontations, managers also try to give above average ratings to all the employees. Second, cen tral tendency error occurs when managers do not want to give very high or very low ratings to anyone. Many managers know that their high and low ratings would force employees to ask them a series of questions, explanations and proofs and the best way to avoid that conversation is by giving them all average rating (Luecke, Hall & Harvard Business School, pp. 321-324). Third, halo effect occurs when manag

Financing The short Term Obligations of the Business (BMW vs Mercedes) Assignment

Financing The short Term Obligations of the Business (BMW vs Mercedes) - Assignment Example Since these finances are obtained for short terms, therefore they are required to be paid back to the lenders earlier in comparison with the long-term finances. Thus obtaining short term finance for business gives rise to short term obligations, and these short term obligations may include short term loans, amounts owed to the suppliers of the business, amounts owed to other parties to whom payments have to be made but have not been paid yet, accrued expenses which also include payments to be made to third parties for their services provided to the business entity. The payment of the short-term obligations is an area of concern for every business enterprise. Considering the available resources of liquid cash reserves, a business entity may opt to finance its short-term obligations by releasing some cash, which serves the purpose. On the other hand, if the cash reserves available with the company are not considered to be sufficient for the purpose of paying of short-term obligations, the company may chose to consider other options for financing such obligations (Besley and Brigham 2005). This report presents an analysis of the financing of short-term obligations for BMW and Mercedes. ... BMW’s short term liabilities comprise of provisions for different obligations for personnel and social expenses, short term income tax liabilities, financial liabilities which include bonds, commercial papers, liabilities towards banks, assets backed financing, derivative instruments and others. In addition to this, other liabilities include short-term obligations relating to advance received from customers, amounts payable to customers and to other companies and social security (BMW 2010). On the other hand, the short term obligations for Mercedes include short term notes, bonds, commercial papers, payables to financial institutions, liabilities from ABS transactions, liabilities arising from finance lease and other short term loans or financing facilities (Daimler 2010). There is no particular disclosures made by both the companies in the financial statements and the related notes, nor there is any other information through which it can be predicted that what are the financi ng techniques being used by the companies under consideration to pay off their short term obligations. However, it can be argued that the financial statements of both the companies do not show any particular financing source which may regarded to as meeting the short term obligations. Therefore, it can be stated that in order to pay off their short-term obligations, both the companies are making use of the cash held by them and through the finance obtained by sources mentioned under current liabilities head. Liquidity and Efficiency Analysis Considering the financial information presented in the financial statements of BMW and Mercedes, following liquidity and efficiency ratios are calculated: Company BMW Mercedes   Liquidity Ratios 2010 2009 2010 2009 Current Ratio 1.08 1.08 1.07 1.14 Quick

Pestle Analysis Is An External Analysis Economics Essay

Pestle Analysis Is An External Analysis Economics Essay It is a part of the external analysis when conducting a strategic analysis or doing  market research, and gives an overview of the different macro environmental factors that the company has to take into consideration. This analysis of the external environment will lead to the identification of a number of opportunities and threats. 7.1 PESTLE Analysis of Royal KPN Political Factors The Netherlands opening degree of its economic, commercial laws and investment policy is well-known in the world. The Netherlands economy is very internationalization with minimum interference from the government, and its trade investment policy is the most open one in the world  [1]  . The government offers many kinds of policies to encourage international investment, and support foreign companies to enter the Netherlands. In addition, the Netherlands has well-done taxation system and commercial environment. The Netherlands low tax rate and widespread tax revenue treaty network in Europe make its taxation environment favorable and attractive (L Zeng 2008). The new Dutch telecommunications regime is relatively liberal, with no barriers to entry, no line-of-business restrictions and relatively few controls on prices. After deregulation, a large number of companies have been in the local market to provide telecommunication services and invest in facilities.  [2]   In addition, the EU telecommunications regulators never reduce the regulation for the telecom industry. The policies about cut settlement cost and roaming charges are continually published. The Netherlands, like most Organization for Economic Co-operation and Development (OECD) countries, is facing a double challenge: to complete the liberalization of the telecommunications market, and to prepare for the next generation regulatory regime in the face of convergence. Economic Factors The Netherlands is called the gate of the Europe due to its predominant geographical position. It has a flourishing and open economic which depends heavily on foreign trade  [3]  . It is one of the main foreign investment countries with the most favorable and attractive business environment in the world. The Netherland is also playing an important part in the economic and trading development, and having a large number of customers in the EU market. By the end of 2011, the GDP of the Netherlands is currently ranked 16th in the world, and it is the eighth in imports of goods and services from the United States  [4]  . Moreover, the Netherlands has developed communication infrastructure and advanced transporting network, with two biggest ports (Rotterdam and Amsterdam) and the third largest airport (Schiphol) in the Europe Union. The Netherlands is also famous all around the world by its leading technologies and management experience in many fields of industries, such as the tel ecom and electronic industry. In short, the Netherlands open economy is developing mainly depends on its good geographical position, the developed transportation system, the advanced communication infrastructure and the developed logistic service, as well as the powerful government support and attractive commercial environment, make the Netherlands the most favorable economic environment for doing business among all the European countries. But in recent years, the whole economy in Europe is seriously threatened by the European sovereign-debt crisis. In many experts view, economic downturn in the Euro zone will still keep for a long time and this also affected the telecom industry. The constantly depraved macro economy make an apparently decrease in revenues of the European telecom companies, lead to the profit declined, liquidity squeeze and market demand weak. Social Factors The Netherlands has a modern and international society, the people living here has a high quality of life. The Netherlands has a long and colorful history; its special social culture is so open and become very suitable for foreign people. During several centuries, the Netherlands has accepted massive immigrants from all over the world. As a result, the colorful social history and international social environment make it favorable for the investors to take part in varies of business activities. In the meantime, the favoring commercial policy and stable political environment provide equal development opportunities for both local and foreign companies, which make the Netherlands business environment more diversification. In addition, the Netherlands has high quality labor force. Most of the Dutch citizens have received high education or job training, and master one or two foreign languages  [5]  . Moreover, they are qualified with the complex skills that are needed in the high-tech economy. The Netherlands has a small but advanced telecom market. The broadband, Internet and mobile penetrations are all far ahead of the EU average. The Netherlands has consistently ranked among the top rated telecommunications markets within Western Europe. Broadband services will supply greatest opportunities for growth, while fixed lines are expected to continue to decline. Mobile broadband connections in the Netherlands have increased to 882,000 in the middle of 2010 and Mobile penetration reached about 130% in early 2010.  [6]  Despite the recessionary conditions such like economy slowdown and debt crisis in Euro zone, Dutch subscribers have shown that they will continue spending, especially due to their desire for the latest technologies. Technological Factors The Netherlands has the leading communication networks and IT technologies in the Europe, which mainly benefits from the government support and technological development  [7]  . Now consumers in the Netherlands can enjoy a variety of communication methods and an increased range of services, such as network and wireless network operation. The industry has evolved the past previous limits that confined services to voice related ones, which makes the computer and based IT and telecom technologies become the part of the normal life  [8]  . As a result, it is becoming more efficient to do Internet trading among companies in different countries due to the rapid development of communication and IT technologies. Moreover, the Netherlands perfect commercial laws and well-operating consumer market have provided a good business environment for the telecom companies to develop their technologies and make broader distribution channels. Besides, the Netherlands is among the worlds most wired countries with a state-of-the-art, 100 percent fiber-optic infrastructure, the largest bandwidth and Internet Exchange on the European continent, and a pro-technology government that is committed to continued research and development.  [9]  Telecom providers in the Netherlands offer a wide range of services and are keen to introduce new technologies. The Netherlands telecom market has one of the most advanced infrastructures in Europe, which providing a solid foundation for emerging bundled services offerings. Legal Factors The legal institution of the Netherlands is also highly praised because of its business laws which take laws letter as main body and assisted with legal principle theories (L Zeng 2008). The  Independent Post and Telecommunications Authority of the Netherlands (OPTA) promote competition, encourage innovation and protect consumers in telecom markets. OPTA also issues licenses for telecom operators, sets interconnection prices for providers and end-users, and solve disputes between telecom carriers. Radio communications Agency Netherlands is responsible for obtaining and allocating frequency space and monitoring its use. Dutch Media Authority upholds the rules which are formulated in the Dutch Media Act as well as in the regulations based on this act for example the Media Decree.  [10]   Dutch Telecommunication Act entered into force in  December 1998. The Dutch government adopted the EC Electronic Communications Framework  (IRIS 2002-3:4)  and amended the Act in 2004.  Major modifications  include: 1) Adoption of electronic communications in various fields; 2) Expansion of OPTCs authority in rule making; 3) Improvement of consumer protection, anti-spam regulations, application of competition law; 4) Single framework applies to all kinds of electronic communication networks including cable TV networks. The revised Act entered into force on May 19, 2004. Environmental Factors In the Netherlands, very high densities of both population and economic activities have led to very intense pressures on the countrys environment. In addition to levying environmental taxes, governmental administrations, like Water Boards, have the possibility to charge fees. Companies and households are charged directly for some polluting activities, for instance the discharge of waste water to the sewers and the production of waste (Statistics Netherlands, 2012). For companies, these fees would be accounted as parts of environmental costs which are quite high each year. Care for the environment is an integral part of KPNs business operations. KPN is particular focus on  responsible energy use, because the telecommunication and ICT sector consumes a lot of energy and ICT can help to reduce its customers energy consumption. They aim to continuously enhance their environmental performance and to become an example in this sector, as well as to observe relevant regulations and legislation  [11]  . In addition, KPN is dedicated to proper management of cables, reduction of waste, and other issues that contribute to make a better environment. In the Netherlands and Germany, KPN has a certified environmental management system (ISO14001). This international standard is used to develop environmental policy, to manage environmental aspects and to improve the environmental performance of an organization. 7.2 PESTLE analysis of Deutsche Telekom Political Factors Germany has a very stable government which provides a safe environment for business. The efficient regulatory regime and open-market policies treat the foreign business investments much the same as German investors  [12]  . Its political system is open to international business and strives to find ways in which to attract new businesses and investors, such as recently lowering its corporate profit taxes  [13]  . The main challenge for the government of Germany is dealing with the debt crisis in the Eurozone, which had a significant negative impact on public finances and economic growth. The bailout of financially weak European countries is unpopular among German taxpayers which also represents a political risk  [14]  . Despite there is a challenging external economic environment aggravated by the European debt crisis, Germany is still one of the worlds most dynamic and powerful economies. The foundations for long-term competitiveness and stable economy growth have been deeply rooted in the high quality of the judicial regime, which maintains a strong rule of law. Economy Factors Germany is the worlds fourth-largest economy by nominal GDP and fifth by GDP (PPP) in 2011. Germany is also the largest national economy in Europe, accounting for about one-fifth of the gross domestic production (GDP) of the European Union (EU)  [15]  . Germany is the worlds third largest exporter with $1.408 trillion exported in 2011 (Eurozone countries are included)  [16]  . Germany is one of the worlds high-income countries and the largest European trade and investment partner of the United States. Although its economic and commercial policies are increasingly determined within the EU, Germany plays a key role in influencing EU policies (Paul Belkin 2009). Germanys economy has been on a lower growth rate in recent years, and unemployment has also risen steadily. Especially hit by the international financial crisis, which led to a steep 5% decline in the GDP growth of Germany in 2009  [17]  . The crisis also raised questions about the long-term vitality and strength of the German economy. After resuming in 2010, economy growth in Germany slowed down again in 2011 as a result of the debt crisis in the Eurozone and the specter of recession. With declining economic growth and rising expenditures on social protections, Germany is facing significant budgetary issues and resource constraints. The telecom industry plays an important part of the Germanys economy and has important strategic significance for the economys development. So the aim of market liberalization in Germany includes not only the benefits to consumers of improved prices, choice, quality of service and widened product range, but also overall economic development  [18]  . The government recognizes that investment in communications infrastructure, services and broadband will mainly come from the private sector. And pro-competitive regulatory reform is considered the most effective way to promote the private sector investment and innovation. Economic slowdown in Germany makes these broader aims more pressing and important. Social Factors Germany has the largest population in the European Union with 81.8 inhabitants in January, 2011. The prosperous German economy attracts millions of immigrants from around the world as it is the third largest country in terms of immigration  [19]  . Germany has a modern and open society; most people are well-educated and enjoy a high standard of living. Germany is also famous for its well social security system which mainly due to their flourishing economy. Besides, there are more than 40 million workforces in Germany which making it the largest pool of labor in the EU. Germanys world-class education system ensures that the students will receive the highest-standard education. More than 80 percent of the German workforce has received formal professional training or owned an academic degree  [20]  . Germany is also the largest and most mature mobile market in Western Europe, with average penetration in the broadband and mobile sectors. Its high levels of literacy, urbanization and strong economic performance make Germany a welcoming telecommunications market. In Germany, the mobile penetration reached more than 135% by early 2011  [21]  . Regulatory pressure on voice roaming and termination rates will encourage operators to further promote their development of data applications to improve profits. In 2011, Deutsche Telekom saw a growth in its German customer base and data use, with more than one million new mobile contract customers, although there was a historical low in the number of line losses in its fixed network of 21 per cent during the year  [22]  . Technical Factors New technologies and innovation are significant to maintain Germanys international competitive power. German companies are one of the global leaders in the development of new technologies. Depending on high quality and innovation, the Made in Germany brand has been a guaranty of quality. Moreover, Germany is the number one location for research in Europe. Germanys unique scientific tradition and great variety of research fields offer ideal conditions. Research-intensive products and services contribute 45 percent to the creation of value in Germany, more than in any other industrialized country  [23]  . As one of the worlds leading exporters, Germany clearly understands that science and technology lay the foundation for its future position on the world markets. They are the key to competitiveness and sustainable economic growth. The German Information Communication Technology (ICT) industry is the largest in Europe and fourth largest internationally. The sector plays a significant role in promoting successful RD outcomes in Germany: over 80 percent of innovations in key industries are reliant on ICT technologies. A number of ICT industry segments display significantly positive growth rates; the foremost being the outsourcing services, mobile data services, and gaming market sectors. High levels of public sector investment in broadband and a significant number of private sector innovations made possible by healthy RD incentives levels all contribute to creating a flourishing and dynamic investment environment  [24]  . Legal Factors Germany has a favorable legal environment which is world-famous for its stability and high transparency. The Germanys effective enforcement system and solid codifications provide investors with a strong legal framework to enforce their rights. Its commercial law is strongly respected, because all property rights are well protected and the judiciary is highly professional. As a result, Germany is generally considered to have a secure environment for international investment and business. The German Telecommunication Act was published in 1996. The main content are not only adapt for the development of German telecom, but also show the EU commissions requirements to establish European unified telecom market and the development planning. This is still the basic law of telecom regulation in Germany. The purpose of this Act is, through technology-neutral regulation, to promote competition and efficient infrastructures in telecommunications and to guarantee appropriate and adequate services throughout the Federal Republic of Germany  [25]  . (1) Telecommunications regulation shall be under federal authority. (2) The aims of regulation shall be- To safeguard user, most notably consumer, interests in telecommunications and to safe guard telecommunications privacy; To secure fair competition and to promote telecommunications markets with sustainable competition in services and networks and in associated facilities and services, in rural areas as well; To encourage efficient investment in infrastructure and to promote innovation; To promote development of the internal market of the European Union; To ensure provision throughout the Federal Republic of Germany of basic telecommunications services (universal services) at affordable prices; To promote telecommunications services in public institutions To secure efficient and interference-free use of frequencies, account also being taken of broadcasting interests; To secure efficient use of numbering resources; To protect public safety interests. Environmental Factors In Germany, environmental protection continues to be a major public concern and a high policy priority. This is mainly due to pressures on the environment resulting from its high population density, level of industrialisation and strong dependence on fossil fuels  [26]  . Changes in the climate and atmosphere system are the greatest political and environmental challenges in the 21st century. In the international arena, Germany is a forerunner in climate and energy policies and aim to achieve ambitious emission-reduction goals  [27]  , while climate change which mainly caused by human activities is broad considered all over the world. The ICT industry plays a key role when it comes to curbing climate change. Deutsche Telekom discussed this fact at the United Nations COP  17  climate protection  conference  [28]  , which was held in December  2011  in Durban, emphasizing the necessity of setting specific and mandatory targets. As a forerunner, Deutsche Telekom is developing the products and services in line with these criteria, making it possible for the customers to engage in green consumption with their innovative ICT services and solutions. The company is also investing heavily in the development of a environmental and climate friendly network infrastructure. Moreover, Deutsche Telekom takes a lot of measures to reduce the impacts which their own business activities have on the climate and environment. Reducing the Groups CO2  emissions in Germany is a key point of the  climate protection strategy  [29]  . PESTLE analysis of China Telecom Political Factors China telecom industry started from state-run business, it was directly influenced by national economy policy, macro development environment and national control policy. Due to the monopoly of telecom economy in China (Yang Yubinge.a. 2011), the telecom companies have closely connection with government and supervisory institution. Since reform and opening-up, the telecommunication industry of China has been developed at full speed, its achievement having attracted peoples attention in the world (Wang 2000). The system reform of the Chinese telecommunication industry is being deepened constantly in recent years as well. The government promised open up the telecom market when China joined WTO in 2001. Then scores of abroad companies applied for the add-value businesses in China and invested in the domestic provider. But there is no one applies to open the network provider company in China because of the high development cost and policy risk. In order to develop the telecom industry, the state formulated and promulgated a series of policies such as 2006-2020 National informatization development strategy, The information industry 115 planning and Telecom industry adjust and revitalization plan 2009-2011. The information industry 115 planning showed that the telecom provider should enhance the interaction with manufacturing industry. Telecom industry adjust and revitalization plan 2009-2011emphasized that the industrys independent innovation of information technology was the most important strategy objective. With the improvement of control policy and sustaining reform, there will be an increasing number of abroad provider join in the Chinese telecom market. The telecom provider in China will be confronted with a free and pro-competition environment, which indicates that more incentive competition will come into being. Economy Factors The Peoples Republic of China (PRC) is the worlds second largest economy by normal GDP and by purchasing power parity after the United States  [30]  . It is the worlds fastest-growing major economy, with growth rates averaging 10% over the past 30 years  [31]  . China is also the largest exporter and second largest importer of goods in the world. On a per capita income basis, China ranked 90th by nominal GDP and 91st by GDP (PPP) in 2011, according to the International Monetary Fund (IMF). The provinces in the coastal regions of china tend to be more industrialized, while regions in the hinterland are less developed. As Chinas economic importance has grown, so has attention to the structure and health of the economy. After the reform and opening-up policy in China, the national economy is developing fast and steady, the consumer power of society is also expending fast. This is also promoting the development of telecom industry. The Chinese telecommunication sectors growth rate was about 20% between 1997 and 2002. China fixed-line and mobile operators have invested an average of 25 billion US dollars on network infrastructure in the last years, which will be more than all western European carriers combined. As a result, with 13 billion citizens, China owns the worlds largest fixed-line and mobile network in terms of both network capacity and number of subscribers. As of March 2012, there were a total of 284.3 million fixed-line telephone subscribers and 1.01 billion mobile phone subscribers in China.  [32]   Social Factors As the peoples living standard continuing to improve and communication consumption capacity is continuing to grow, there are more and more consumers like to enjoy a variety of telecommunications services. This requires telecom companies network equipment continual upgrading (ZhangLei 2007); meanwhile develop the enormous potential new business to be excited to meet new consumer demands, which gives Chinas telecommunications equipment market tremendous demand potential. As a state-run telecom operator shouldering the heavy tasks of national information infrastructure construction and modern telecommunications services, China Telecom has always been adhered to the faith of All-round innovation, seeking truth through pragmatic practice, taking human being as the basis and jointly creating value.  [33]  China Telecom is repaying the society, serving the customer, taking care of the staff, and repaying the shareholders while keeping the company steadily developed and grown under the concept of scientific development and in line with the ever-changing environment. China Telecom carried out its social responsibility in all the operation processes while providing services and products, and makes its great efforts in realizing the coordination and harmonious unity between the corporate development and social development, and environment protection while contributing to the social progress  [34]  . In short, China is still belonging to the developing countries; the penetration rate of the telecommunications business is still lower (Liu 2007). In the future, the telecommunications market will continue to expand the scale. Technological Factors In the aspect of technological, China has launched its own domestic 3G mobile technology standard TD-SCDMA, which will challenge CDMA2000 and W-CDMA.  [35]  The development and usage of new technologies like clouding and IPv6 will promote the internetwork penetrating into the real economy and traditional industry. Computer, television and telephone will be fused into one new business. (Wang Xiaochu 2010) Report on Chinas Telecom Industry in 2010-2012 predicts that in 2011-2012, China will accelerate the combination of telecom network, broadcast network and Internet, and promote interoperability, resource sharing, and the development of information and cultural industries, by using of related policies. This interoperability is not only an opportunity but also a challenge for the telecom industry. Since the completion of recombination and the issue of 3G licenses, Chinas telecom industry has set up a three-way struggle, and the competition of the telecom industry has entered a new stage of development. The year of 2009 became the start of this stage. The development of the telecom industry so far is observed to be driven by investment. Since 2010, Chinas investment in 3G will be reduced gradually, and the telecom industry will enter a post-3G era. Additionally, there will be a slowdown of investment-led growth, and the development of the telecom industry will be driven mainly by consumption. Legal Factors The State Council is the government body in charge of all legislative issues in China, including those regarding telecommunications. Regulations and administrative measures issued in 2000 and 2002 lay out the principles and requirements for telecom licensing, interconnection, service standards and charges, network construction, telecom security, and penalties for violating the regulations. However, many regulations are unclear, subject to interpretation, and sometimes ignored by provincial authorities or the carriers themselves  [36]  . The legal system of telecom industry in China is not perfect now. The only law now is the telecommunication regulation of the Peoples Republic of China which promulgated in 2000. And the Telecommunication Act is still on the drafting process, but neither its specifics nor a timetable for its enactment has been made public. Telecom industry will go through from full monopoly to full competition or effective competition. China telecom industry is on the period of transition limited competition period  [37]  . It is expected the telecom industry in China will have a better development situation af

Is Gaming Harmful?

Is Gaming Harmful? Video and computer games, like many popular, entertaining and addicting kid activities, are looked down on by many parents as time wasters, but why? , is it because they are harmful? , or is it simply because they are spending too much time on them instead of studying. Both have many good arguments, but I am going to write about the one in which I feel are most valid. One of the many good points against gaming is that children, teenagers and adults alike are losing sleep over video games because they are staying up all night and letting their â€Å"addiction† take over.The definition of addiction is: â€Å"The condition of being habitually or compulsively occupied with or involved in something. † And anyone who likes and plays videogames has experienced this at some point. Its not only kids that think about going home from school to play video games, many adults think about at work too, the average game player is 30 and has been gaming for about 12 ye ars. This means that many people, no matter of their age or sex, are putting video games before their school or work by missing out on important sleep and not putting their full concentration into their work.On the other hand, Gaming has been proven to increase social skills in young people as most games include a multiplayer feature that encourages people to play the game with others, whether it be online with friends or sitting together which is important for young kids growing up as it helps them make friends and sustain relationships. It also helps them realize how important it is to be sociable when they are starting school or a new job.Although some could argue that video games can do children social harm as many children play there selves for many hours each day and rarely interact with their family or friends. They could also argue that video games can cause great physical harm. The physical harm can occur when the child spends long hours of concentration on fast movement or because of the screen flicker. Also when children play video games they sit in for long hours that in the long run will stunt their natural growth and damage their backbone.Video games are more commonly known as a hobby you do sitting down somewhere comfortable and relaxing but what most people fail to realize is that there are a new type of video game emerging that get you on your toes and exercising. These include such consoles as PlayStation Move, Xbox Kinect , Wii, etc. These devices are designed to keep you active while you game and can give you a good physical work out instead of playing seated, these kind of games also can give you a good mental work out as most games for these console require lots of problem solving and also help improve your hand eye co-ordination skills.However, there are some that would say playing videogames can cause mental and psychological harm. Their reasons for this are they believe that when playing video games, children do not apply much mental e ffort and believe that video games are not creative enough. This could lead to the child developing lazy mental habits and also being impatient as real life is not as fast as their game might be. There are also some that believe that children can become violent because they become habituated to the violence that occurs in some games they might play.

Eco Plastic Solution Essay

This case focuses on determination of the cost of capital for a firm. The student determines the cost of individual sources of financing, including long-term debt, preferred stock, and common stock. The cost of debt is adjusted for Eco Plastics’ 40% tax bracket. The company is considering a new financial structure, with the replacement of preferred stock financing with debt financing. Additional use of debt increases the common stockholders’ required rate of return. The student is asked to compare the two weighted average costs of capital and identify the better financial structure for Eco Plastics Company. a. Cost of debt: Proceeds from sale of $1,000 par value bond: $1,000 − (average discount & floatation costs) $1,000 − ($45 + $32) = $923 Subsequent payments: Interest payments ($1,000 Ãâ€" 0.105) + Par value Before-tax cost of debt N = 20, PV = $923, PMT = −105, FV = −1,000 Solve for I = 11.50% After-tax cost of debt: ri = rd (1-T) = 11.5% (1−0.4) = 6.9% b. Cost of preferred stock: rp = Dp à · Np = (0.095 Ãâ€" $95) à · ($95 – $7) = $9.02 à · $88 = 10.25% c. Cost of common stock: rj = RF + [bj Ãâ€" (rm − RF)] = 0.04 + [1.3 Ãâ€" (0.13 − 0.04)] = 0.04 + [1.3 Ãâ€" 0.09] = 0.04 + 0.1170 = 15.7% d. Weighted average cost of capital: ra = (wi Ãâ€" ri) + (wp Ãâ€" rp) + (ws Ãâ€" rn) = (0.30 Ãâ€" 0.069) + (0.20 Ãâ€" 0.1025) + (0.50 Ãâ€" 0.157) = 0.0207 + 0.0205 + 0.785 = 0.1197, or about 12% e. 1. Change in risk Premium: Change in beta Ãâ€" market risk premium = (1.5 − 1.3) Ãâ€" (0.13 − 0.04) = 0.2 Ãâ€" 0.09 = 0.018 Shareholders require 1.8% more per year New cost of common equity: rj = RF + [bj Ãâ€" (rm − RF)] = 0.04 + [1.5 Ãâ€" (0.13 − 0.04)] = 0.04 + [1.5 Ãâ€" 0.09] = 0.04 + 0.1350 = 17.5% Note: 17.5% − 15.7% = 1.8% 2. Revised weighted average cost of capital: ra= (wi x ri) + (ws x rn) = (0.50 Ãâ€" 0.069) + (0.50 Ãâ€" 0.175) = 0.0345 + 0.0875 = 0.1220 3. Eco Plastics’ CFO should retain the cheaper current financial structure. Replacing preferred stock financing with debt financing results in more risk to the stockholders. The increase in stockholders’ required rate of return is more than offsets the advantage of using the low cost debt. If Eco Plastics’ CFO were to revise the capital structure, share price would fall and shareholder wealth would not be maximized.

Why Do We Love Superheroes - Free Essay Example

Sample details Pages: 1 Words: 372 Downloads: 7 Date added: 2019/08/02 Category Culture Essay Level High school Tags: Superhero Essay Did you like this example? Do you like Deadpool? if you dont then you probably have another favorite Hero.In this story we will talk about why we are obsesed with Superheros.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   One reason we love Superheros according to www.debate.org is because we are obsessed with their power.Also acorrding to the slide share we americans are obsessed with heros because of their powers.For example when wonder woman went in to fight the Nazis and she singlehandedly rescued over 100 men.Another example is superman immigrated to earth and he was powerful that probably is the reason some people like superman. Another example is the black panther because he is rich,athletic,and powerful and again that is probably why most people like the black panther. Don’t waste time! Our writers will create an original "Why Do We Love Superheroes?" essay for you Create order   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Another reason why we love the myth gods of America is because they are always there when we need them.Acorrding to the circle map some americans like Superheros because they are always there during rough times. For example the black panther came to life when we had civil rights and people of color come into the comics.Another example is wonder woman because she was created during womans liberation. Another example is captain America when he fought and defeated hitler in the world war 2. Another example is when the x-men fought to be against society.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   The reason I as a human are obsessed with Superheros is because they give me hope.Acorrding to myself I am obsessed with Superheros because they give me hope. For example when I was going through some negative times they gave me hope. Another example is when me and my cousin get in a fight we would stop in the middle of it and talk About our favorite Superheros and why their our favorite. Another example is when my siblings fight I would stop them and calm them down by talking about marvel characters. Another example is when people try to make fun of me I would just walk away and think about Superheros.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   We are obsessed with Superheros because they give us hope and we are obsessed with Superheros because of their power and because they are always there when we need them.That is the reason we are obsessed with Superheros.