Japan Buys More of Euro Bailot Bond Article Example | Topics and Well Written Essays - 750 words

Japan Buys More of Euro Bailot Bond - Article Example Unlike Japan, other countries are not inclined to buy the European bonds because of the increasing debt problems which confront Europe. Even China which bought the bonds previously has not shown any intention of purchasing additional bonds. The financial crisis in Europe has made the yen stronger, making Japanese products less competitive than other products in the world. Because of this, the Japanese government has intervened in the currency market to weaken the yen, which was opposed by the European countries. It is not clear though whether this opposition by European countries triggered the reduction in the purchase by Japan of the EFSF bonds. The Japanese Finance Ministry defends its position by saying that the reduction in the purchase is based on the euro â€Å"liquidity† in its reserves and the conditions of the EFSF securities (Nakamichi , par 10). As a background information, the European Financial Stability Fund was set up in May 2010 with $625M. It was set up  "to bail out Greece to keep the turmoil caused by its debt from spreading to the euro-zone’s weaker members† (The New York Times , par 1). ... This article shows the importance of rescuing the European countries. Even if Japan is also beset with the problem of reconstruction after the devastating earthquake and tsunami last March, it still purchased the European bonds because it is aware that a recession in Europe will have a domino effect. Once European demand falls, the American, Japanese and Chinese economies will be adversely affected. Japan realizes that if the market confidence on the euro falls, there will be financial and trade disruptions. This scenario will lead to another global recession which the Japanese government would not like because their economy is export-driven. Since Japan has excess foreign reserves, the Finance Ministry decided on purchasing the Euro bonds to help the European economy. Next to China, Japan is known to have the world’s second-largest foreign-exchange reserves. The move of Japan to buy the Euro bailout bond is very commendable because one sees the concern of Japan to avert a wor ldwide crisis. Japan’s move means that they want to do their share in stabilizing the global financial system. The purchase of Euro bonds by Japan will help sustain the euro which has declined versus the yen. Hopefully, with Japan buying more Euro bonds, other countries will trust the deal more and purchase the bonds too to help Europe get out of the crisis. It will boost confidence in the EFSF further. Regarding Japan’s intervention to weaken their currency, one sees this as a move to help the country’s exporters. Having a strong yen makes Japanese goods more expensive for foreign buyers and would result in a decline in profit margins for the exporters. However, one does not see this as an effective way to improve its

Business Ethics Essay Example | Topics and Well Written Essays - 500 words - 28

Business Ethics - Essay Example So let’s get done with it and legalize it! The violence that resulted in the prohibition of drugs is not new. It is usually the case when something is banned. The same was the case when alcohol was still prohibited. The more you ban it, the more people will want it! When alcohol was legalized, violence associated with alcohol consumption become virtually non-existent. Violence becomes a natural consequence of a prohibitive policy because it creates black markets where the law cannot supervise where shady characters make money from it. Instead of spending too much money stopping it which government cannot do, government can instead tax it! Legalizing drugs actually makes sense. Cato Institute reported in its study in April this year that policies that prohibit the use of drugs is usually â€Å"based on speculation and fear mongering rather than empirical evidence on the effects of more lenient drug policies† (Szalavitz). The fear that legalizing illicit drugs will only exacerbate the drug problem did not actually happen such as in the case of Portugal and it is just all in the mind. Portugal in fact â€Å"had the lowest rate of lifetime drug use in people over 15 in the E.U† (Slavis). So let’s legalize drugs and benefit from it. Legalize drugs if you want a country of drug addicts. Legalize it and this country will be reduced to drug dependents who cannot even think straight. It creates dependency and addiction that is not only unhealthy but also kills. Substances such as shabu or Methamphetamine literally â€Å"fries† the mind that it deteriorates cognitive thinking. Other drugs that hav also the same destructive effect on the mind and body that they are too long to mention. The trouble with drugs is that it is not only unhealthy to the body, but to the society as well. Due to their addiction and unhealthy state of mind and body, drug dependents no longer are productive or have minimal

The Tragic Decline of BlackBerry Essay Example | Topics and Well Written Essays - 500 words

The Tragic Decline of BlackBerry - Essay Example This coupled with the modern design that it consistently infuses with the minor details that separates it from the rest. But the unsparing competition in its arena has made BlackBerry almost desperate in its attempts to take part of the viability of the market against other specialized and well-established counterparts. In its quest to take a cut and compete with other giants such as Apple, Sony Ericsson, Google and Microsoft, its maker Research in Motion is constantly in its feet testing the market and looking for a solid niche that goes beyond its comfortable smartphone sphere. It has endeavoured into other business ventures that have fallen quite short of the expectations and overall appeal. The release of the BlackBerry Playbook that claimed to topple down Apple’s Ipad was an epic failure the users and techies dismissed the product as being a major let down. Harry McCracken in his article â€Å"BlackBerry: Vision Needed† deemed it as being tremendously disappointing and this could be attributed to what Ben Bajarin in â€Å"The Tragic Decline of BlackBerry† refers to as lost customer interest. These two articles recognize the problems that BlackBerry is facing. There must be a deeper look into contemplating first what products will identify with BlackBerry instead of merely releasing new ones for the sake of market share. McCracken unwittingly said that it is a good move for the company not to announce any new product at DevCon in San Francisco in contrast to what it did it 2010 that built the hype for Playbook. Instead, it is focusing on the new operating system called BBX. Bajarin is on the same page by saying that RIM’s attempt to partake of all the glamor fails to impress the actual customers who make use of the product. These types of exposure are all but the personality of Steve Jobs and the characteristic of Apple. BlackBerry need not get in on the mix and instead stick to what it does best.

Reflective Paper Essay Example | Topics and Well Written Essays - 2000 words

Reflective Paper - Essay Example bility to establish and maintain harmonious relationships with diverse people and groups, especially with those different from themselves is a quality most effective leaders have. He is the glue that fuses the group together with diplomacy and commonality of goals. He possesses high emotional intelligence, maturity and understanding of people coming from various backgrounds. I believe that having a sensible and stable moral and ethical base should be the foundation of an organization. Michael Fullan, a leading advocate in the study of leadership claims that a leader should have moral purpose. This moral purpose pushes him to act with the intention of making a positive difference in the lives of the people around him and in society in general (Fullan, 2004). â€Å"Moral purpose infuses an organization with passion and purpose since workers become eager to know the enabling purpose of their work† (Fullan, 2004, p. 26). A manager needs the capacity to keep his focus on the real purpose of the organization. He has a clear vision of where he is going and sets directions to others towards that vision. He works together with others on thinking of ways and means to reach their goals and not focus on the authority on himself. In doing so, he empowers them to be confident in their abilities and motivates them to welcome challenges and opportunities. His positive influence gains him the respect of everyone to follow his lead while pursuing a common mission for the growth and development of the organization (Leithwood & Riehl,2003). Although the manager is imbued with great knowledge and skills, he is aware that he still needs help from others. He is humble enough to admit when he does not really know instead of putting up a faà §ade of being all-knowing. He is always open to learning something new, and not haughty enough to claim that he is already â€Å"made†.† Being human and fallible is one trait that all people share, and what better quality to relate to

Analysis governments involved in events and festival Essay - 1

Analysis governments involved in events and festival - Essay Example A few responsibilities however are common among all these levels of the government with the exception of others which are concerned with only a particular level of government. The basic function of every government is to provide protection and safety to the people. It is also the duty of the government to maintain order and peace in the country (Raj & Morpeth, 2007). It comes under the utmost responsibility of the government to make sure that no such events are taking place in the country that can result in disruption of the smooth running of the government and thereby affect stability of the country. It is also the responsibility of the concerned authorities to keep the economic conditions of the country up to a certain necessary mark and strive to make the country progress and increase economic stability. Providing the people and the citizens of the country with the basic necessities and provisions of life in order to help the people to live a satisfied and contended life is the ob ligation of the administration. Also governments have the primary responsibility to provide leisure activities for the people of their country so that they remain healthy and fit (Hall & Sharples, 2008). It is basically the duty of the local government to provide these leisure and entertainment facilities to the people. Entertainment facilities that government usually focus on include amusement parks, parks, walking tracks, gardens, theater, sports grounds, malls, museums, art galleries, exhibitions and different sites for tourist attractions. In order to make these entertainment facilities easily accessible it is necessary that the transport facilities like train, buses, etc. are easily available and these facilities are available at an affordable price so that they can be accessed by all the citizens of the country. Besides that roads and

How to buy a car Essay Example | Topics and Well Written Essays - 250 words

How to buy a car - Essay Example Know what car you would like to buy. Check out the internet and brochures about their technical specifications if they suit your preference and your needs. Check your budget for the car you would be purchasing. After browsing on the internet and many car brochures, be sure to have that money that would require you to own the car of your choice. You can then go to the store where your chosen car is available. Approach a car dealer to assist you with your purchase. Your car dealer would introduce a lot of options that would confuse you. Get straight and state your preferences and budget so that the dealer can easily assess the car for you. As you would be paraded with the many fancy cars in their showroom, get back to the reason why you are buying the car so that you will not be confused. If you have chosen the car, check out the technical specifications to make sure they suit to your needs and qualifications. Don’t be afraid, ask for test drives. You have to have a first hand e xperience with the car before purchasing it to make sure that it would be the car for you. If you have some doubts, try another one that you think might be better. In choosing the car for you, you have to be sure with everything. If you found the one, make sure it is worth it. Settle the payment methods with your car dealer and arrange for the papers and shipment of your

Journalism In China Essay Example | Topics and Well Written Essays - 750 words

Journalism In China - Essay Example For instance, according to the guardian newspaper, a journalist Zhang Ping also known as Chang Ping forced himself out of the journalist profession due to tight restrictions posed by the Chinese government. He got punished repetitively for tackling sensitive issues touching the government in the Southern Metropolis newspaper. This raises many questions on the safety and freedom of journalists in China. The paper, therefore, attempts to analyze various underlying issues behind the freedom and safety of media journalists. The world association of newspapers called on the Chinese government, to honor the promises on reforms and allows freedom of the press. This is due to the continued increase of security issues of journalists who cover insightful issues. Journalists play an extremely imperative role in the media industry, and any attempt to hamper their operations, limit exploitation of their potential. China for instance is one of the leading countries in imprisonment of journalist. T his has attracted the world’s attention considering the Olympic bid of the country (World association of newspapers, 2012) The organization committee of the Olympic activities gave the country ultimatums on the issue of press freedom. In as much as the government promised to make amendments the following was arrest and detainment of 30 journalists and 50 cyber reporters (Tong, 2011). This is a move, which questions freedom of journalists. Consequently, the Chinese government restricts coverage of dominant international events. This got evidenced by the murder trial of Gu Kailai and wife of Bo Xilai, where restrictions got made, and authorities were there to ensure no press got involved (World association of newspapers, 2012). In as much as the government makes tough restrictions on journalists, internet has become its principal challenge as people and journalists are opting to the media device as a means of spreading information. Media safety has also raised concern due to th e death of a journalist Mika Yamamoto. This is one of the prominent journalists in china who got known for giving update information on various issues. However, his death got attracted by covering poignant clashes in the Huangdo region. In February 28, 2012, the United States ambassador to china met with various American journalists based in china where many issues got raised concerning the freedom of china press (Tong, 2011). An attempt to organize demonstrations, with the aim of reaching the information to the Chinese government was not met with a king heart after the police harassed and seized journalist equipment. The intimations according to ambassador Huntsman was one of the inhuman acts of the Chinese government. Further, he called on the Chinese government, to arrest and detains those responsible for the actions; however, this got countered by intermittent government claims (World association of newspapers, 2012). The Chinese media freedom has faced various human rights and fueled attacks preventing journalists from covering accurate and fair information. Open and free, democratic media culture are a campaign, which seeks to bring back and sustain media freedom. This is a campaign, which strengthens conditions of professional and independent journalists (Branigan, 2011). In addition, it creates a monitoring network together with IFJ affiliates by reporting actions against