achieved a compound, after-tax, rate of return in excess of 20% p.a. Such consistent, long…
According to the article “BlackBerry Posts Loss as Phones Go Unsold”, BlackBerry performs a poor performance. Business has a quarterly loss in 2013 for $965 million. The revenue had drop 45% that down to $1.57 billion from $2.86 billion compares with a year earlier. BlackBerry lost $248 million, or 47 cents a share, and analysts forecast 49 cents a share loss for the quarter ended August 31. The net loss is $235 million which excluding inventory charge and restructuring charges in the latest quarter. The cash position also down to $2.6 billion from $3.1 billion at quarter-end. Smartphone maker report a hefty operating loss of nearly $1 billion charge on inventory of unsold phones. Fairfax Financial Holdings to take the company private for about $4.7 billion, or $9 a share. As a former mobile king, BlackBerry faces to exit the handset business. This report will conduct a situation analysis of potential causes of declining sales and profits of Black Berry. And also would identify internal company and external environment for the poor performance.…
Critically assess Buffett’s investment philosophy. Be prepared to identify points where you agree and disagree with him.…
Pretty much everyone would agree that our current tax system is almost comically complicated, and that it is difficult if not impossible to accurately enforce. Despite evidence that the top 5% of earners pay about 60% of the income tax, many Americans readily believe that there are a myriad of ways the wealthy can take advantage of our byzantine tax system to pay less than their fair share. The widespread belief that our tax system is full of loopholes and caters to the special interest and the wealthy is a powerful driver for the immense public support for an overhaul of our current tax structure into a simpler and fairer method. Many tax reform methods have been proposed and fostered by this ravenous public appetite for a simpler and seemingly fairer tax method and the FairTax is the latest tax reform flavor of the month in terms of gathering attention and engendering support.…
Peter Singer's persuasive essay strips us bare of our selfish wants as he equates our tendency to accumulate all the stuff we don’t need with ignoring the plight of drowning children and, as such, being responsible for the death of those children. We are, Singer convincingly argues, products of our fortunate “social capital”; therefore, we have an obligation to those who do not have a social capital.…
This public service announcement is a response to the need for change, regarding the distribution of wealth in the U.S. “The latest data shows that roughly 75 percent of the financial wealth in America is held in the hands of the top 10 percent of households. Or to invert this, 25 percent of all US wealth is divided up amongst the bottom 90 percent of the population.” (MyBudget360, 2013). Why should only 10% of Americans deserve 75% of the wealth? America is a country where everyone, whether you’re rich or poor, black or white, protestant or catholic, and democrat or republican there is supposed to be an equal chance to prosper and an equal voice in how this country is run. We are all supposed to be treated equally, yet only an elite, wealthy few are afforded privileges due to their financial status. In my view, the rich are in power and influence the most change, and it’s usually to help them become even richer.…
This analytical article is based on the work of Mike Rose and Maya Angelou. The main theme of this essay hovers around the two of the works –“I Just Want to Be Average” and “Graduation” - by Mike Rose and Maya Angelou. Furthermore, a general description of this essay and the relationship between the both is the discussion of this essay. However, this is done with an analysis of the complimentary effect of one on another and ultimately how both of these works make the whole image pertaining to the life of a type school student.…
Discourses have powerful social effects and can empower some, while marginalizing others. In the texts Lost Property and Muriel’s Wedding the dominant discourse is relationship. The audience is positioned to see Josh Tambling from Lost Property as having tough relationships as he is the one who is expected to pull through. While Muriel Heslop from Muriel’s Wedding is portrayed as unreliable and selfish as the story is told.…
In the essay “Inequality Has Been Going on Forever... but That Doesn’t Mean It’s Inevitable”, David Leonhardt argues that despite the persistent trend of income inequality in the U.S. and throughout history, it is not impossible to change that inequality. He writes that the professor, Thomas Piketty points out the process in which inequality rises and the near inevitability of it. Leonhardt tells of his conversations with Piketty and Piketty’s idea on the possible way to solve inequality, which is to put a global wealth tax that is specifically for income inequality. Leonhardt finds this solution politically improbable and instead advises that the government changes the taxation of the wealthy, healthcare, how we manage the Department of Transportation,…
Have you ever been driving down the road and have something bad happen to you that you have to slam on the breaks? If you have, then maybe you can relate to the following commercial. Even if you have never had this happen to you, you still might be able to relate to it. The basic idea of the commercial is that no matter what happens in life, that you should always be prepared for what to do next.…
The trend of pursing higher learning is due to the fact of motivation of today’s workplace. As the world of work has become more complex, many workers need training to avoid losing their jobs or being passed over for promotion. There’s a lot of competition out there to get employment in today’s workplace but it’s extremely hard for people to get jobs due to not having a college education. Having a college education does prepare you to be competitive in the workplace and prepare you for your career goals. Furthermore, there’s a great return when having a college education because of the income salary increases, career opportunities, retirement savings and healthcare are guaranteed than for someone who does have a college education then someone who doesn’t have a college education. I believe working adults are going back to school to attain a degree because they want to become successful, to avoid losing their jobs to someone who has a college education and staying in a position without any advancements due to the fact they’re not educated enough. Many employers are looking for college educated workers because they learn more tasks quickly, better problem solving, highly driven, motivated, excellent communication skills and able to meet deadlines in a timely manner then someone who doesn’t have a college education. Also, employers want to hire someone with a college degree because their more likely to have the right technical know-how for the job, written skills, oral communication skills, decision-making, and research and analytical skills. As far as some institutions they offer internship programs and employers depend on that during their hiring process. Nevertheless, some institutions feel as though those employers should provide on the job training and the institutions should just focus on educating their students with knowledge. With campus institutions they face overcrowded classes, library…
Drinking age is not a strange phrase in our lives. Every time when we go to club or buy some liquor, we have to show our photo ID to prove that we have already 21 and we are legal to drink wine. I think this is a really good method to control drinking problem. Before I read these two articles which are “The 21-Year-Old Drinking Age: I Voted for it, It Doesn’t Work” by Dr. Morris E. Chafetz and “The Drinking Age of 21 Saves Lives” by Toben F. Nelson and Traci L. Toomey, I only felt that when people grow up they will have self-control to hold their desire for drinking and could decide whether it is appropriate to drink at that moment. I didn’t collect any data or information to support my opinion, only some horrible news such as “teenagers died due to drunk driving” and “youn girl was raped because both sides were drunk” remind me that limiting drinking age is really important and we should support the idea of raising drinking age of 21.…
After the 2008 housing crash and the subsequent recession, the nation has had slow economic growth. Recently, the jobs market has improved but wages are stagnant. Donald Trump wants to alter America’s tax code. In a five part plan he would first tax the rich at a higher rate including hedge funds who get taxed at a lower rate, and close loopholes in tax code. The second part of his plan would be to get rid of corporate inversion, or stop businesses from sending their money to other countries to be taxed at a lower rate. Part three would be to lower the debt ceiling. Part four to tax corporations at a lower tax rate, America has the highest corporate tax rate among industrialized nations. The last…
Buffett’s mantra is that “It’s far better to buy a wonderful company at a fair price than a fair…
Launched on 15 January 2001, Wikipedia is a free encyclopedia that uses the web platform for online users to access. Boasting with over 26 million pieces of writing in 285 languages, Wikipedia has transformed to be a giant in the field of search engines optimization technology. The open source concept that it rides have made it cheap to access and a better choice for many online users. This is especially among the users who find it cumbersome to follow prolonged registration processes to access information on the internet. Any search term queried on the Google™ home page search engine will definitely give a hit from the Wikipedia site, and if not present, a prompt will request the user to create a page for such a term. In this way, Wikipedia has extended the public space for an open system where the public can have their inputs to extend knowledge regardless of their academic backgrounds, race, religion, sex or any other biases. To achieve correct information dissemination, Wikipedia has endeavored to make sure the uploaded information is open to scrutiny and changes due to the emerging data and facts. This way, they achieve by subjecting the information to peer reviews and editing platform that is open to all users, with the exception of some website pages that require an initial formal request to edit changes.…