International Trade and Finance Speech Essay Example for Free

International Trade and Finance Speech Essay Introduction Today I would like to discuss, with you, the current state of the U.S. macro economy. I will attempt to simply address concepts and terms which focus on international trade and foreign exchange rates. Much of the discussion will focus around the surplus of imports brought into the U.S., and the impact it has on the U.S. businesses and consumers involved. I will also describe the effects of the international trade to GDP, domestic markets, and university students. It is important to understand how the government’s choices, in regards to tariffs and quotas, affect international relations and trade; so I will describe the interactive relationship in regards to tariffs and quotas, and how the government’s choices affect international relations and trade. We will also understand how foreign exchange rates are determined, and identify the reasons the U.S. does not restrict goods from China and minimize imports from other countries. Imports in the U.S. The U.S. imports many goods from various countries around the globe; and the trading of these goods plays an important role in the stability of economic growth for the U.S. The U.S. imports goods or products from other countries such as China; and if the U.S. has a surplus of imports it means there is an increase in the trade deficit, which is not good for the U.S. because trade deficits usually increase unemployment. Examples of products with an import surplus in the U.S. are China’s auto-parts. The U.S. auto-parts industry is at risk of lost jobs because of the rapid growth of auto-parts imported from China. The Chinese government unfairly subsidizes and trades auto-parts to the U.S.; which in return jeopardizes jobs related to the auto-parts industry in the U.S. Exports from the U.S. support jobs, but imports supplant production which would otherwise support U.S. employment. The U.S. auto-parts trade deficit increased from $9.5 billion in the year 2000 to $31.2 billion in the year 2010. During the year 2010, China’s exports of auto-parts exceeded their imports of U.S. products by 725 percent. The impact of this discrepancy between the two countries forces consumers and businesses, in the U.S., to evaluate which products are worth buying. Many times China’s products are manufactured just as thoroughly as their counterparts in the U.S., and they are often much cheaper to purchase. In order to save money, many U.S. companies and consumers will purchase goods from China, and also establish businesses and create jobs in that country which would otherwise benefit domestic employment (Economic Policy Institute, 2012). GDP I would like to next address the effects of international trade to the GDP, domestic markets, and university students. International trade has become important to the U.S. economy in recent years, and the benefits of a global market improve the U.S. standard of living. The problem for the U.S. is the contraction of the GDP because of reduced exports and higher imports. The outflow of domestic currency to foreign markets can decrease the currency of the dollar, and make imports more expensive to purchase. If the currency of the dollar decreases, domestic markets will suffer because now goods cost more to purchase. Domestic markets can also be affected by international trade. If imports are cheaper than domestic company products, then domestic markets may suffer because the imports are cheaper to purchase. Many international students and public and private institutions also benefit from the effects of international trade. The revenues generated by international students are important because they usually pay out-of-state tuition, and the education sector usually benefits from a trade surplus (Business Day, 2013). Tariffs and Quotas The government’s choices, in regards to tariffs and quotas, usually have a big effect on international trade and relations. Many countries rely on net exports to maximize their productions companies. When quotas and tariffs are introduced to the global market, it can affect the flow of goods and products to consumer nations; and can negatively impact the production companies. Because it is usually beneficial for international companies to maximize production, tariffs and quotas can potentially strain international relations and trade. Exchange Rates I would like to next address foreign exchange rates and what determines them. Most of us are aware that currency has a value attached to it. The difference between the two country’s currency value, and the rate for what they will be exchanged for each other; is known as the foreign exchange rate. The exchange rates are determined in the foreign exchange market, which determines the local demand for foreign currencies (Businessdictionary.com, 2013). Goods in the U.S. The question is often asked, if China has restrictions on U.S. imports, then why does the U.S. not restrict goods coming in from China? To answer the question simply, Chinese imports are important to the U.S. because China has the fastest growing markets in the world. If the U.S. were to stop imports from China, then accordingly China would stop imports for the U.S., and we would not have access that important market. It is vital to have relationships with the global market, because those trade relationships keep the U.S. relevant in the global economy. Many economists agree if the U.S. were to stop trading with foreign countries, then the entire global economy would collapse, which would result in the entire globe going into a depression. Conclusion In conclusion I would like to state that I hope I have addressed all of you questions about the current state of the U.S. macro economy. It is important to understand the importance of all countries involved with foreign trade, and how their imports and our exports directly affect the U.S. economy and our jobs. While we would like to be independent from a lot of foreign goods, the idea of total independence from foreign trade is virtually impossible. As we discussed earlier, the reason is because of our trade deficits and their countries ability to invest in the U.S. References Economic Policy Institute. (2012). Retrieved from http://www.epi.org/publication/bp336-us-china-auto-parts-industry/ Businessdictionary.com. (2013). Retrieved from http://www.businessdictionary.com/definition/foreign-exchange-rate.html Business Day. (2013). Retrieved from http://economix.blogs.nytimes.com/2008/12/10/the-impact-of-foreign-trade-on-the-economy/

The Issue of Age Discrimination in America Essay -- Age Discrimination

The Issue of Age Discrimination in America The Equal Employment Opportunity Commission (EEOC) protects against age discrimination under Title VII. Specifically, the Age Discrimination in Employment Act (ADEA), which was passed in 1967 by congress, covers discrimination against employees who are 40 or more years old. This topic should be a big concern for employers, since the number of elderly workers is increasing as the baby boomer population matures. It is estimated that as many as twenty-percent of the claims filed with the EEOC are for age discrimination. Also, age discrimination settlements can be considerably higher than typical discrimination cases. Upon research, the average award amount between 1955 and 1988 was $219,000. (www.ama.net). For this reason alone, employers should take care of how they handle their aging workers. As mentioned above, the EEOC is responsible for enforcing the age discrimination regulations, including the ADEA of 1967. This regulation is in effect supposed to â€Å"promote employment of older persons based on their ability rather than age; to prohibit arbitrary age discrimination in employment; and to help employers and workers find ways of meeting problems arising from the impact of age on employment.† (www.eeoc.gov). The ADEA presides over the boundaries for age discrimination in all aspects of employment. It not only protects against discrimination for employees, but job applicants as well. Even job advertisements must not include age d...

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1 Mixtures and Solutions: Candy Chromotography Background Information and Research Biochemists often use this method of separation when studying amino acids or other chemicals from living things. Also they use it to separate a solution with multiple components with different polarites. People use chromoography to find the things in milk,find out what chemicals are in black ink, also determine whether something is hazardous or not. Purpose The purpose of this experiment is to see what kind of dyes and colors are in the candy’s colored coating. Also to see what kind of things are in it. Materials: Candy with a colored coating, like Skittles ® or M&Ms ® (4 different colors) †¢ Rubbing alcohol or isopropyl alcohol †¢ Coffee filters (2) †¢ Tall glasses or plastic cups (2) †¢ Pencil †¢ Ruler †¢ Tape †¢ Foil or paper plate †¢ Table salt †¢ Water †¢ Toothpicks or cotton swabs (4) †¢ Measuring cups/spoons †¢ Clean pitcher or 2-liter bottle Procedure: 1. Coffee filters usually are round, but it's easier to compare your results if the paper is square. So your first task is to cut the coffee filter into a square measuring three cm by nine cm square from a coffee filter. You will need two of these strips to complete the lab. 2. Space four drops of water (or however many colors you are testing) equally distant on a piece of foil or plate. Position one candy of each color on the drops. Give the color about a minute to come off into the water. Dispose of the candy. 3. Using a pencil (do not use a pen), draw a line one cm (1/2 inch) from the edge of one end of one strip of paper. 4. Make four pencil dots (one for each color of candy you will be examining) along this line, about 0. cm (1/4 inch) apart. Underneath each dot, label the color of the candy you will test on that spot. You won't have space to write the whole color name, so try abbreviations like B for blue, G for green, etc. 5. Before you complete the rest of the lab, make a prediction of the components you expect to see from each candy color. 6. Dip a toothpick or cotton swab into one sample of colored water and dab the color onto the pencil dot for that color. Use a clean toothpick for each co lor. Try to keep each dot as small as possible. Allow the filter paper to dry, and then go back and add more color to each dot, repeating this step a total of three times for each color. 7. Prepare the salt solution by mixing 1/8 teaspoon of salt and three cups of water in a clean pitcher or 2-liter bottle. Stir or shake the solution until it is dissolved. This will produce a 1% salt solution. 8. Pour the salt solution into a clean tall glass so that the liquid level is 1/4 inch (0. 5 cm). 9. Tape the strip to a pencil and rest the pencil on top of the jar so that the strip hangs into the jar. The goal is to have the end of the chromatography strip just touching the surface of the solvent solution, with the colored dots above the surface of the liquid. Make sure that the colored spots do not come in direct contact with the liquid in the bottom of the glass. 10. Capillary action will draw the salt solution up the paper. As it passes through the dots, it will begin to separate the dyes. When the salt water is 1/4 inch (0. 5 cm) from the top edge of the paper, remove it from the glass and place it on a clean, flat surface to dry. 11. Repeat steps two through nine (using the second strip of paper and a clean glass) to test the same four colors using the alcohol instead of the saltwater solution at the bottom of the glass. Data and Observations Original Predictions: †¢ The red M&M will travel the farthest and be the strongest. †¢ The The dye in the yellow M&M will travel less and be the lightest color. †¢ [pic] Other observations I noticed was the stationary phase matters. Both the red and yellow travveld to the front but had little separation. Red showed the lowest travelling distance. Discussion and Conclusion: The first part of this section discusses the observations and results of the lab as well as any mistakes that may have been made (or what measures were taken to try to avoid mistakes) and what improvements, if any, you can think of for the procedure for the next time the lab will be conducted. The discussion section of this lab should also include discussions on the following: †¢ A comparison of how each solution (salt water and alcohol) separated the pigments from each color of candy or ink type. Which solution worked better at separating each of the pigments (it may be different for different candy colors or inks), and why do you think that is? †¢ If you had allowed less time for the lab (stopping the separation process when the solution was half way up the paper) how do you think that would have affected your results? †¢ What pigment colors traveled farther up the paper? What pigment traveled the least? Was it the same or different when those pigments appeared in other candy colors or inks? Was it the same or different when separated by alcohol instead of salt water?

Emotional Intelligence And Personal Intelligence - 1194 Words

It is vital to have emotional intelligence because it is the establishment of a large group of basic aptitudes, it affects most all that you say and do every day. Emotional intelligence is the single greatest indicator of execution in the work environment and the most grounded driver of initiative and individual brilliance. Emotional intelligence requires successful correspondence between the sane and enthusiastic focuses on the mind. At the point when an individual works, his capacity to acknowledge difficulties and tackle reasonable work and ensuring that the errands is being done in a compelling and productive way is delegated execution. A man, who has terrible execution, normally originates from tiredness, the failure to†¦show more content†¦Affiliations moreover have a commitment to their kinfolk in helping them manage their sentiments inside the working environment. The procurement of a properly qualified aide by the relationship with whom people can speak with is uncommonly solid way to deal with license people to discard their day and build some perspective and insights on the condition. Then again, it justifies having a trusted work accomplice with whom you can discuss your disappointments. This may take care of business that makes you feel extraordinary when you are around them and will pass on your perspective to a more positive spot. This will allow people to meet up to work the next day with an unmistakable head and in a perfect world a light heart. Those with such a manner are the clear researchers and receiving wires who will be imaginative, fun and easy to work with. A human resource boss dream bunch. You can explain emotional intelligence to your employees as James A. Belasco and Ralph C. Stayer (1993) suggest that four responsibilities a leader must implement at all levels of an organization. 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