Victoria Junior College :: Economics

Victoria Junior College In the period 1945-1973, the world economy underwent a period of exceptional growth in the following thirty years that had never been exceeded previously. Indeed, this â€Å"Golden Age† was differentiated from past economic booms by two main characteristics: dynamic and extensive economic growth. By dynamic, the expansion of the world economy made it a truly international economy, with countries trading with and depending on each other instead of the autarkic empires that had been the hallmark of previous generations. Extensive growth was seen in the world economy growing in the sense of the entire world and not by specific regions, for example, the previously Eurocentric economy of the Industrial Revolution. Yet the Golden Age, suddenly and swiftly, was replaced by what came to be known as the â€Å"Crisis Decades† in 1973, thus raising the question: was the Golden Age really an Age which could have lasted, with stable and secure foundations? To answer this question, we must look at three areas of study: the distribution of economic power during the Golden Age, the breakdown of the economic structures of the Golden Age, the factors which had contributed to the boom and the long-term social and political viability of economic growth in the post-war years. The main nation upon which the stability of the Golden Age rested was, of course, the US. At the end of the Second World War, of the five major pre-war industrial centres, (the US, Britain, Germany, Japan and the Soviet Union) only the US had remained largely untouched by the effects of total war. As such, the US felt that it was necessary, or even natural, that it should assume the economic, and by extension political, leadership of the world and guide it towards economic prosperity. Moreover, world economic prosperity was the only way that the US could continue its own economic growth – the loss of production necessitated by war meant that the US economy was facing a slowdown unless it could divert its surplus potential into channels outside the US – and that meant the world economy. George Kennan spelt out the American attitude when he wrote in 1948 that â€Å"[The US] has 50 per cent of the world's wealth, but only 6.3 per cent of its population. In this situation, our real job in the coming period is to devise a pattern of relationships which permit us to maintain this position of disparity.†[1] This attitude could already have been found earlier in the Bretton Woods Agreement, the system that could have been said to be responsible for the post-war economic boom. There, the US dominated all the major decisions and statues regarding the formation of

Contrast essay on Dr Jekyll and Mr Hyde Essay

The duality of mankind, or the belief that the human mind is made up of a good and evil part, has always been a matter of great interest for many philosophers, psychologists and writers. Robert Louis Stevenson’s Dr Jekyll and Mr.Hyde is a unavoidable classic on the subject; for its portrayal of both nature in the persons of Hyde and Jekyll is efficiently drawn in the symbolic descriptions, and the significant critic that is made through the novel, which is the hypocrisy of the society where image is more important than anything else, is still relevant today. Stevenson, in his descriptions of Hyde and Jekyll and their actions demonstrates how the good part of the human mind (Jekyll) is better, more developed than the darker one, the innate evil, embodied by Hyde, which is harmful for society and the individual. First, the physical appearance tells us a lot about Hyde and Jekyll and, at the same time, what the author thinks about the two parts of the human mind. Jekyll is tall, handsome and well-built; â€Å"a large well-made, smooth-faced man of fifty (†¦) with every mark of capacity and kindness†. His hands are â€Å"large, firm, white and comely†. In the descriptions made by observers, Jekyll appears to be a perfect, distinguished gentlemen. The good part of the human mind is therefore perceived as eminent, more distinguished than the other part. Indeed, Stevenson reinforces this position with Hyde’s physiognomy. Hyde, is seen by other people who meet him as a dangerous and terrifying beast. Although they cannot name why, Hyde appears to those who meet him as repulsively ugly. He is younger than Jekyll but he is ape-like and dwarfish and also much smaller than Jekyll, for instance Jekyll’s clothes don’t fit him. As the doctor says in his statement, his counterpart was â€Å"less robust and less developed†. Utterson even says: â€Å"God bless me, the man is hardly human!† and adds that Hyde looks like a troglodyte! Hyde’s hands are not at all like the doctor’s hands: â€Å"It was lean, corded (†¦)of a dusky pallor, and thickly shaded with a swart growth of hair†. Stevenson, through his symbolic use of hair and small stature in his description of Hyde shows that this one is less developed and less distinguished than Jekyll. The good part of the human mind, embodied by Jekyll is superior to the evil one, less developed and less attractive. Second, the setting is very relevant to the theme and tells us a lot about the differences between Hyde and Jekyll. The story takes place in Victorian London, in the late nineteenth century, on a background of middle-class gentlemen who respect the value of respectability and the dynamic of the Victorian society. Knowing this, we see with the descriptions in the novel, that the doctor is more successful than Hyde. Dr Jekyll’s house faces onto a square of ancient, grand and handsome houses. Utterson even talks about the hall as â€Å"the pleasantest room in London†, describing it as a â€Å"comfortable and warmed by a bright open fire†. Even the butler, Poole, who opens the door, is said to be a well-dressed, loyal, elder and respectable servant. On the other hand, Hyde’s house is situated in the foggy quarter of Soho looks like â€Å"a district of some city in a nightmare† and is surrounded by a dingy neighbourhood, ragged children and wicked looking women. Hyde, when going to Jekyll’s house, enters by the lower storey shabby door that faces on a different and dirty street: â€Å"It bore in every feature the marks of prolonged and sordid negligence (†¦) was blistered and stained†. Jekyll, in his last statement, describes the Hyde’s housekeeper as a unscrupulous creature. Thus, according to the Victorian values, no doubt that Jekyll has, in the novel, a larger amount of ethic than Hyde and therefore is more respectable. Hence, Stevenson demonstrates, with the different places where the action takes place, how Jekyll is superior to Hyde. We see in the behaviour and actions of Hyde and Jekyll how the latter one is better but also how the former one is despicable. Henry Jekyll is a doctor, the caring job among all. He is wealthy, having over a quarter of a million sterling at the time and as he says in his narrative at the end; he is â€Å"well-known and highly considered†. His friends, such as Utterson and Lanyon, are all respectable and upright gentlemen who cherish honest hopes. His occupations, which are described this way:† The doctor gave one of his pleasant dinners to some five or six old cronies, all intelligent reputable man, and all judges of good wine† are all worthy and reputable at the time. He also has always done good things for the society, and â€Å"had always been known for charities (†¦) and no less distinguished for religion†. Throughout the novel, he always tries to undo the evil done by his other nasty part, Hyde. If the doctor does so, Hyde does exactly the opposite.  Right from the beginning, we know that Hyde hangs around in the dirty areas of London, seeking undignified pleasures and immersing himself into depravity, vices and sins. His acts are described by Jekyll as â€Å"inherently malign and villainous†. His depravity and immorality are also underlined by the different ghastly crimes, taking aim at innocent people, he commits. He first tramples a little girl and leaves her ill-treated, crying on the street and then beats to death a old man. We see that Hyde is not only less developed and more primitive in his actions than Jekyll, but also that these very actions are harmful for the society and lead to the destruction of the individual, as the author demonstrates when Jekyll ultimately commits suicide. In conclusion, Stevenson demonstrates through the physical appearances, the setting and the actions of his characters how the evil part of our mind is smaller and weaker than the good one. By showing how Hyde is much smaller than Jekyll and by showing that the places and the frequentations he has are less respectable than those of Jekyll, he demonstrates the superiority of Jekyll and therefore, the superiority of the good side over the evil one. Stevenson illustrates this by stating clearly the differences between Hyde and Jekyll, the evil and good side. The dark one is not only smaller, weaker and less distinguished but also leads to the destruction of the society and the individual. Stevenson also explores how the repression of the Victorian society leads to the release of that dark side, due to the will to break free from the value of respectability. Thus, we can ask ourselves if this value and the dynamic of repression that was taking place at that time weren’t partly resp onsible of the crimes that were committed in the Victorian era.

Assignment Overview And Introduction Of Risk Management

Assignment Overview and Introduction to Risk Management This Risk Management is to assist with the company’s new venture for export of Minining equipment to Ghana (West Africa). This report acts as a Guideline for planning the contractual documentation and obligations to secure and execute the mining equipment export to Ghana. This report details procedures and steps that need to be considered when dealing with an export contract. The intended review team is the Company’s senior management. Equipment Manufacturing companies are always in the line of risk as technology advancement improves every day. An efficient risk management procedure will benefit the project financially, as the health of the project is only as good as its financial†¦show more content†¦2. Export Risk Risks that could be arising with exporting manufactured goods to a particular country must be thoroughly investigated and solutions and procedures must be implemented to mitigate against these risks. This also has an effect on the position of the current strength of the related market demands and profits that can be made in the export market. The following brief description will indicate some of the likely problems that could occur when dealing with exporting manufactured goods. 3. Political risk - This indicates the possibility of risk that the ruling government or political unrest could affect or interfere with export and import regulations. The results could come in many different forms such as collapse in share market and also loss or cancellation of export license, seizure of property etc. This is a possibility where a country may experience political instability. We must monitor the effects of political changes and developments that it has on businesses in the country. 4. Credit and finance risks – This risk deals with possibilities where the customer may default on making payments on time or the customer’s business may go bankrupt. For our company to protect itself against a possible credit and finance risk it would be imperative that we use payment methods which can provide a level of security such asShow MoreRelatedThe Accounting Software Installation Project Case Study1680 Words   |  7 Pages EMERGENCY MANAGEMENT SUBJECT OUTLINE Subject Number: Emergency Management Credit Points: 6 Subject Coordinator: Dr Jaya Kandasamy Subject Lecturer: Peter Garland Semester/Year: Spring 2007 Prerequisites: Completed a degree course Co-requisites: Nil, but a basic knowledge of local government procedures is helpful Anti-requisites: Nil, although some previous experience in local government and emergency management is useful. Read MoreAuditing And The Growing Use Of Financial Software1114 Words   |  5 Pagesa presentation done in class to reflect on your understanding and how to improve after getting your feedback. 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Hence my company also chose to implement CRM solution which will connect all business users, stakeholders, inter-departmental executives so that all business processes are automated andRead MoreAnalysis Of The Project Management Methodology Known As It Can Tie Into The Area Of The Subject1128 Words   |  5 PagesGEORGE BROWN COLLEGE PRINCE2 RESEARCH ASSIGNMENT BUS 4053 Jonathan Chiu (101014291) Shyju Kozhisseri (100993642) TABLE OF CONTENTS INTRODUCTION HISTORY OF PRINCE2 PRINCE2 METHODOLOGY PRINCIPLES THEMES PROCESSES PROS AND CONS POPULARITY IN WORLD MARKET PRINCE2 CERTIFICATIONS PRINCE2 AND BUSINESS ANALYSTS INTRODUCTION â€Å"Of all the thing I’ve done, the most vital is coordinating the talents of those who work for us and pointing them towards a certain goalRead MoreFive Ways In Which An Fm Department Can Manage Energy / Utility Bill Essay904 Words   |  4 Pages ASSIGNMENT SIX Exhaustively discuss five ways in which an FM department can manage their energy/utilities bills. 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Reaching For The Stars Unless You re Black - 1066 Words

â€Å"Reach for the Stars; unless you’re black† With the United States Army being one of the oldest organization in American, they have undoubtable faced its share of diversity issue, they are an organization, with the need to operate under the strictest hierarchical structure. This structure is imperative to their mission to serve and protect the free people of this country and to uphold the Constitution that affords it. Alas, the structure begs for internal oppression of minorities, due to the need and desire by its members to advance in rank. The General Officer Corps. is the highest of military ranks next to the President. And with rank brings freedoms, privileges, and above all power. The power to make a wide spectrum of orders; from how members tie their boots or whether to wage nuclear war. The members of the Army are a direct reflection of the citizens they protect. Made up of all different races and backgrounds. When a person volunteers to join they are really volunteering to join an entirely different way of life within America. Although they are afforded the same fundamental protections of the Constitution which they protect, they are also volunteering to relinquish some of those rights. Members are governed my different laws, courts and at times different police; they are subject to inspections, punishments, and a way of life that is not like that of their counterpart civilians. Unfortunately, one thing they share with America is it’s social-racial issues that hasShow MoreRelatedSummary : Double Star Crime Hunter1973 Words   |  8 PagesSummary: Double star crime hunter Mizaistom had seen many strange cases but he had never investigated a bank heist where the robbers added 4,000,000 jenny to the vault. One-Shot set between the end of the Election arc and c hapter 343. Disclaimer: Useless disclaimer for sites that need one. 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Compare And Contrast The Sound Of Thunder And Nethergrave

The authors in the narratives, â€Å"The Sound of Thunder† by Ray Bradbury and â€Å"Nethergrave† by Gloria are each about technology altering the life of the main characters. Although both narratives include many different subjects as the story progresses, both explore the idea of emotions affect the way technology is used. Due to their theme, conflict, and setting, the story â€Å"The Sound of Thunder† is a better novel than the narrative â€Å"Nethergrave†. The novel â€Å"Nethergrave† was an entirely different concept than â€Å"The Sound of Thunder†. The theme in â€Å"Nethergrave† is to not believe everything that you are told. An example of this theme in nether grave is â€Å"He told his online friends he was a high school junior. They thought he was a star athlete and a†¦show more content†¦Ã¢â‚¬Å"No, it can’t be. Not a little thing like that. No!† Embedded in the mud, glistening green and gold and black, was a butterfly, very beautiful and very dead. â€Å"Not a little thing like that! Not a butterfly!† cried Eckels. â€Å"It fell to the floor, an exquisite thing, a small thing that could upset balances and knock down a line of small dominoes and then big dominoes and then gigantic dominoes, all down the years across Time.† (pg299). This quote describes the conflict that is happening and as you’re reading you can tell this is the turning point in the story. During a safari in the past, Eckels was supposed to shoot a dinosaur, yet he got scared and ran off the path. He stepped on a butterfly. This action changed the past, present, and the future of the world. â€Å"Each term every student in the academy had to participate in at least one after-school activity: drama, debate, the science fair, or a sport. Even if the student didn’t board at the expensive, exclusive boys school, but lived in town and went home every day after classes. Like Jeremy.† (pg314). This quote from the novel â€Å"Nethergrave†, does not give you enough details to imagine a very good picture of where the story is taking place. â€Å"They were ready to leave the machine. The jungle was high and the jungle was broad and the jungle was the entire world forever and forever. Sounds like music and sounds like flying tents filled the sky, and those were pterodactyls soaring with cavernous grayShow MoreRelatedCritical Essay630 Words   |  3 PagesEssay: Nethergrave vs. A Sound of Thunder You and I live in a world were modernism is reaching new heights every day. One day that touchscreen phone is considered new, and then next week it’s old news. These two stories that I am going to compare are about the role of technology, science and how it affects me and you. Based on how it uses new technology and modern science A Sound of Thunder is a better sci-fiction story. When it comes to technology, ‘A Sound of Thunder’ uses it

The Best Experience of My Life Free Essays

One of my favorite family traditions is summer vacation. Every summer without fail we go on vacation, and we stay there for at least a week. For the past five years we have been going to Disney World with our family that lives in Los Angeles. We will write a custom essay sample on The Best Experience of My Life or any similar topic only for you Order Now He is my cousin Ricardo, he lives with his wife and his 1-yearold daughter. I like them because they’re nice, cool and funny. It has turned into a tradition and we all love to be together and have a good time. Every year when we go they greet us in such a way they make you feel like home. Once we’re there and our vacation starts we just forget about everything and relax for a week. We have been going on vacation with our cousins for so long, for a very good reason. It is because everyone gets along. My mom and dad, Ricardo and his wife Mari have a very good relationship. Ricardo my cousin, who is 30, is my cousin and my friend and we get along great. My sister Susan, who is 25, and Mari, who is 27, also get along very well. This works out great because we are all old enough to go out and do our own thing without getting the parents too much involved. Since most of the fun things to do are located right near the hotels we stay at any random hotel. We rarely need to ask them for a ride anywhere, so everyone goes their way and it turns into a great vacation for all of us. We have been going to Disney World together for as long as I can remember. We know the place inside and out. Where all the best rides are, which park is the best. It even got so bad that we knew what time the lines for each ride was shortest. Disney World always comes out with some kind of a new ride or show each year . All the characters are the same but they’re always happy and cheering for the little kids. So it doesn’t gets boring, that is what mostly keep us continuing coming back for more year after year. We headed for the food court because we were all very hungry. All I had eaten in the entire day was water a sandwich and a piece of gum . It was getting late and we hurried because we planned to go to the rides last. When we arrived at the restaurant me and my sister ordered a gigantic hamburger, my mom and dad fish, and my cousin and his wife chicken. When we finish we were all very satisfied and we headed for a little fun. We saw some lights in the far end and we followed them. We arrived at a show it was called the electrical parade and it was really cool. So we went down there last summer and it was a big vacation for all of us. I know it was more of an children’s vacation which but it was very fun and we all loved. In my opinion we are a little too old for Disney World but it was my favorite vacation. My favorite part was when we went to the rides and got on a rollercoaster. My sister tried not to vomit but I guess she had a weak stomach and vomited all over my dad. Unfortunately for my dad, he was on the same cart and he vomited too. When it all was over and we were in a hotel we joked about the vomit and laughed really hard. We shouldn’t had eaten right before going into the rollercoaster. How to cite The Best Experience of My Life, Papers

Income of Rental Property Financial Year

Question: Describe about the Income of Rental Property for Financial Year. Answer: The relevant information with regards to Georges rental property has been provided in the question. This includes the expected annual rent income along with the various expenses that have been incurred by George during the current financial year (i.e. FY2016). Based, on the given data, the income statement for Georges rental property is summarised below (ATO, 2015). Particulars Amount($) Rental income derived from property 13,900.0 Less: Deductible Expenses General repair and maintenance 6,000 Management Commission computed @ 5% 695 Capital deduction (Replacement of Roof Top) 375 Fixing door expenses repair 1,000 Depreciable Assets (Decline in value @ prime method) 616.7 Cumulative deductible expenses 8,686.7 Net income from Property for George 5,213.3 The various relevant calculations to derive at the above figures are highlighted below. Management Commission is given as 5% of the total rent income derived by George or 5% of 13900 which comes out as $ 695. Capital reduction has been claimed for the roof (explained in part b) and deduction is available at the rate of 2.5% of the total capital expenditure incurred (Barkoczy, 2015). Hence, 2.5% of 15000 = $ 375. The depreciation in accordance with the prime method is calculated as per formula given in Division 40.75, ITAA, 1997 (Austlii, 2016b). This is shown below. Decline in Value = Assets cost * (Days held/365) * (100%/Effective life of the Asset) In the given case, the following assets have been deemed to be acquired on December 1, 2015. Stove (Asset Cost : $ 900, Effective Life: 12 years) Hot Water Service (Asset Cost : $ 2,000, Effective Life: 12 years) Carpets (Asset Cost : $ 3,500, Effective Life: 10 years) Furniture and Fixtures (Asset Cost : $ 5,000, Effective Life: 13(1/3) years) New Furniture and Fixtures (Asset Cost : $ 1,200, Effective Life: 13(1/3) years) Days used in FY2016 (From December 1, 2015 to June 30, 2016) = 213 days Hence, usage as a portion of year in FY2016 = (213/365) = 0.58 The calculation of the depreciation on the above assets is captured below (Nethercott, Richardson and Devos, 2016). b) The detailed explanation for the items included in the above income statement is offered below. Repairs Maintenance In accordance with Section 25-10, ITAA 1997, the taxpayer may claim deduction for expenses incurred on repairing of any damaged caused to the property that is producing assessable income (Austlii, 2016a). In accordance with tax ruling TR 97/23, repairs focus on providing remedy to the damaged portion with the aim of ensuring that the efficiency of the part or component is restored without any alteration in the character. Therefore, the repair focuses on correcting of a defect or replacing a constituent part of any item which is malfunctioning as it has been worn or damaged. It is imperative to note in the light of TR 97/23 that any expense incurred to prevent any damage being caused to the property would not constitute as repairs as these are done only after damage has been caused. Further maintenance typically involves expenses that are incurred for keeping the property in a condition where it is tenantable and hence requires that any fences that are faded should be painted or inter ior walls that are damaged should be fixed (ATO, 1997). Hence, in case of George, the door which is damaged has been repaired and the expense can be claimed as repair under Section 25-10, ITAA 1997. The general repairs and maintenance expenses to the tune of $ 5,000 are also deductible since these have been incurred for ensuring that the property remains tenantable. However, no immediate deduction is available for the expense incurred on repainting the front fence since apparently there is no information of it being faded or suffered any deterioration. Capital Deduction As per TR 97/23, there is stark difference between repairs and improvement. In order to differentiate between the two, consideration needs to be given to the impact of expenditure incurred on the efficiency with which the function would be performed. In the event, there is a significant improvement of efficiency which cannot be justified through mere repair, then it constitutes as improvement. One of the key mechanisms to achieve the same is through use of different materials due to difference in their innate physical and chemical properties that can potentially increase durability and performance. If with a different material also, only the previous efficiency is restored, then it would be classified as repair and immediate deduction is available (ATO, 1997). However, if the improvement in efficiency far exceeds the previous efficiency, then it refers to improvement and thus deduction would be available on the same in a phased manner i.e. @ 2.5% pa (ATO, 2016). This has also been highlighted in the FC of T v Western Suburbs Cinemas Ltd(1952) 86 CLR 102 where the High Court ruled that since the expenditure resulted in improvement of efficiency which exceeded the original part also and also involved the usage of a different and perhaps superior part implies that no immediate deduction may be claimed as it does not fall within the ambit of Section 25-10 (ATO, 2001). However, deduction for the same is available as per Division 43 (Barkoczy, 2015). In the given case also, the roof top has been damaged but it has been replaced in its entirety with a different material which tends to cause an increase in the shelf life. Clearly, this is not repair but improvement, hence immediate deduction on the expense would not be available and gradual deduction @ 2.5% is to be applied as per Division 43, ITAA 1997 (Nethercott, Richardson and Devos, 2016). Commission and Fees for property management As per ATO (2015), any cost incurred by the property owner with regards to commission and fees being extended to the agent who is responsible for collection of rent and management of property otherwise would be eligible for immediate deduction in the rental income statement as is the case with George where 5% commission has been deducted. References ATO (1997), TR 97/23, Retrieved on September 5, 2016 from https://law.ato.gov.au/atolaw/view.htm?docid=TXR/TR9723/nat/ato/00001 ATO (2001), ATO ID 2001/49, Retrieved on September 5, 2016 from https://law.ato.gov.au/atolaw/view.htm?docid=AID/AID200149/00001 ATO (2015), Rental Properties -2015, Retrieved on September 5, 2016 from https://www.ato.gov.au/uploadedFiles/Content/MEI/downloads/Rental-properties-2015.pdf ATO (2016), Rental Property Expenses, Retrieved on September 5, 2016 from https://www.ato.gov.au/Individuals/Income-and-deductions/In-detail/Investments,-including-rental-properties/Rental-property-expenses/ Austlii (2016a), INCOME TAX ASSESSMENT ACT 1997 - SECT 25.10, Retrieved on September 5, 2016 from https://www.austlii.edu.au/au/legis/cth/consol_act/itaa1997240/s25.10.html Austlii (2016b), INCOME TAX ASSESSMENT ACT 1997 - SECT 40.75, Retrieved on September 5, 2016 from https://www.austlii.edu.au/au/legis/cth/consol_act/itaa1997240/s40.75.html Barkoczy,S. (2015), Foundation of Taxation Law 2015,North Ryde: CCH Publications, Nethercott, L., Richardson, G. Devos, K. (2016), Australian Taxation Study Manual 2016, Sydney, NSW, Australia: Oxford University Press