“The US Mints budget in 2010 was 27.4 million dollars in penny production”(source 1). The time wasted counting money could add up to over 700 million dollars, this money could be spent on something important. For example some countries don 't even use them, one of those countries is canada they stopped minting them in 2013. They didn 't actually ban them they just stopped minting them but made them legal to use(Source 1). In conclusion the penny cost more to produce than it is worth, so it 's not worth making and most countries don 't even mint them anymore.
Not exactly. Even though Obamacare requires that everybody obtains health insurance, 28.5 million people are uninsured in America as of the end of 2015. (“The Fiscal Times”) Why is that? Even though the number of uninsured people has dropped nearly 13 million since the ACA was passed, research has shown that even after the changes many people still cannot afford it(Key Facts about the Uninsured Population). These millions of people are not only taking a big risk and not obtaining health insurance, when they file their taxes in April they will have to pay a fee for each month and each dependent without coverage.
The australian dollar has tipped dramatically only just 60 cents which is its lowest value against the paper currency. Deutsche Bank australian chief economist Adam Boyton says that more potential sellers demand more resources and there has been a really slow growth in china. The aussie dollar has already tumbled 20 persent in the past year we are now just above 70 us cents. Mr Boyton has said that Deutsche’s bank have predicted that the ausie dollar will hit 65 us cents. moving on the goverment is being accused of turning a blind eye to human rights in papa new guinea and investing of criminal proceeds in australia for the fear of loosing the righs to confine aslym seekers on manus
However, at the end of the excerpt she goes off topic and talks about something else. For example, she says, “Young adults aren’t alone in struggling to save money. Over the last twenty years, our nation’s personal saving rate has plummeted from about 8 percent through the 1980s and early 1990s to zero in 2005—its lowest point since the Great Depression” and “If today’s young adults can be accused of wanting it all too soon, the ‘it’ isn’t riches, gadgets, or luxury cars. The elusive ‘it’ that today’s twentysomethings are after is financial independence, and then, hopefully, financial security.” As you can see this doesn’t talk about credit cards, credit card debt, or even products that are being promoted it talks about something different. Since she brings this into the picture she can fix it by adding it to her
The Congressional Budget Office estimates that raising the minimum wage to $10.10 would boost earnings for around 16.5 million workers, while causing up to 1 million jobs to be eliminated. To me that’s not a great trade-off: according to CBO, the typical family living below the poverty line would see its annual income rise by only around $300, or about 2.8%. But for up to 1 million workers, their salaries would go to zero. Since most minimum wage workers receive a raise within one year anyway, eliminating jobs and cutting off from the first run on the ladder of job promotion seems too high a price to pay.
Nope! China, a country of 1.4 Billion people, only spends about 132 billion dollars on its military. Obviously China is a major threat to America right? Well, not quite, America spends 600 billion dollars a year on defense, which is nearly 4 times as much. Education, Sciences, housing and other important parts of the budget are neglected.
Pro 1 A Con (sorta) is the price of solar energy, or is it? according to TheWeek.com a big reason why solar energy is so expensive in the USA right now is because of past years demands, Quote “In 2011, Germany boasted more than 21 times the solar power, per capita, of the U.S, which helped to drive down the price. And given that imbalance, American companies had a comparatively tougher task recruiting customers, so they spent 10 times as much as their foreign counterparts did on marketing costs.” This is horrible for America because we are losing out on essentially ( after initial costs ) free energy that we could be using to power our homes, computers and other things To speak further about the price of solar panels, They have dropped
As a result, there are no expected synergies. Company still prolong, but it is underperformance. In market, Fiat Chrysler is known as making worse and more expensive car than firm’s competitors, Especially for Fiat, they are losing their markets in Europe. In 2nd quarter of 2013, they profited 224 million euros in Latin America whereas in Europe, there was no profit but only a loss of 98 million euros (Economist, 2013). Therefore, the M&A has lost its purposes 3.5.
-Environmental concerns could kick in laws not favorable for Harley. 3. Firm Level Analysis 3.1. Firm Financial Status Analysis Liquidity Ratio In 2008 -1.37 In 2007 -1.72 In 2009 -1.99 The liquidity ratio is declining which is not a good sign for the business Earnings per share has fallen from 3.93 in 2006 to 2.79 in 2008. Net income has also fallen sharply in this period from over 1 billion to 654 million.
Can poverty be eradicated? Poverty is lack of money to the point that the individual cannot afford their basic needs. There are two types of poverty, which are absolute and relative. Absolute poverty is lack of basic needs for a long period of time that puts your life in danger, which opposes with relative poverty, which covers the vital and biological needs like food, clean water, and basic housing. (poverties.org, 2011) In my opinion, I think poverty can not be eradicated because there are forty percent of people who are at poverty level, which means 2.8 billion people.
The United States mint confirmed in 2014 that,”...each zinc and copper coin costs 2.41 cents to produce and distribute”(Sommer, 4). This means that the coin isn’t cost-effective, or it is not productive in relation to the items cost. This costs up to $60 million, and near $20 million in losses annually. In addition,
One common myth that society has about poverty is that those who live at poverty level are uneducated individuals, this is just not true. In 2012, approximately 1.1 million people who made less than $25,000 a year, worked full time, and were heads of households has a bachelor’s degree (Eichelberger, 2014). Another common myth is that people who live at poverty level and receive assistance are bankrupting the nation, again this is another myth. In 2012, total welfare funding was 0.47% of the federal budget (Eichelberger, 2014). There are some in the society that even believe that we as a country are winning the war on poverty and that there are less American’s living at or below the poverty level.
Based on the Threat of New Entrants completive forces J. C. Penney implemented lowering their prices by 40 percent. By doing this Penney is trying to discourage others that department stores from opening. Based on the bargaining power of supplies, Penney decided to reduce the number of private label products and only have a few key products. By doing this Penney is reducing the number of suppliers they must have contact with. Based on the bargaining power of buyers Penney will have select products on sale for a month.