The History of Rent - 1852 Words

Land has been necessary for human survival since early civilization. Man has used rent in order to produce vital items for survival. Land has served as the backbone for producing clothing, food, and a place of living. We may take advantage of these commodities that wouldn’t have been possible if it wasn’t for land. Land holds great contribution to humankind and has played a great part in many generations before us. The hunter-gatherer role is a simple example of how man has used land as a tool for his own growth. Rent was created out of the need for land. Rent has been around before any economic theory was used to theorize it. The Latin word rendita was used to refer to a return (Keiper, 1961, p.3). The first theory of rent was seen in the late seventeenth century. The mercantilist economists created some central theories to theorize rent even though it wasn’t one of their more important worries. The history of the theory of rent can start with the mercantilists. Sir William Petty, one of the first major contributors to the mercantilists’ theory of rent, can accredit a lot of his work to the influences of Thomas Hobbes. His first major contribution in 1662, A Treatise on Taxes and Contributions, refers to rent as a net return on land used for livestock and agriculture. He explains: Suppose a man could with his own hands plant a certain scope of land with corn, that is, could dig, or plough, harrow, weed, reap, carry home, thresh, and winnow so much as the husbandry of thisShow MoreRelatedThe Other Civil War1176 Words   |  5 PagesThe Other Civil War If we read deep into Zinns A Peoples history of the United States, we may find details into our American DNA. Where and what we originally come from, what it took to get here, and how far we have progressed. While uncovering many chapters in the book, I found myself going back for more of Chapter 10: The Other Civil War. As for myself, I was never aware of another Civil War, only familiarizing myself with one. As I was reading these historical pages and awing at my foundersRead MoreHome Ownership And The Foreclosure Crisis996 Words   |  4 Pagesforeclosure during the recent economic downturn in the US economy. These former homeowners became renters as the national home ownership rate dropped. Many families felt that home ownership would remain out of their reach due to previous foreclosure history. In addition, losing your home and transitioning to renting is tough on your psyche. However, as rental rates continue to increase and the economy recovers these same families now se e possibilities of home ownership again. The housing market hasRead MoreBuying A New Property Management Companies1468 Words   |  6 PagesAdministration’s (FHA) Back-To-Work Program, â€Å"The participant could buy a new property in as few as twelve months following his foreclosure or short sale.† (www.heraldtribune.com) The ‘rent-to-own’ option is a great and promising option for ‘boomerang buyers’ to regain homeownership. First off, it gives these buyers time. Generally, rent-to-own lease agreements range from one to three years depending on their negotiated terms; this can coincide with the imposed waiting periods. Meanwhile, these boomerangRead MoreRental Rent : A Rent1653 Words   |  7 PagesWith home prices still at an attractive level, a way for buyers working to repair their credit is to leverage a â€Å"rent-to-own† agreement. A rent-to-own agreement is a contract that allows a potential home buyer to pay an agreed uponmonthly rental amount to live in a given house. But beyond simple home rental privileges, the agreement also appliesa predetermined amount of the rent toward a down payment to ultimately purchase the home at a later date, usually in around three years. So while a buyerRead MoreRent Control Of The United States1601 Words   |  7 Pages Philippe Bouchereau Prof. Kaycea Campbell Economics 2 11 May 2016 Rent Control in the United States Rent control is a law that places a price ceiling on the amount of rent a landlord can charge a tenant. People from middle and lower income brackets tend to benefit from rent control, while people from the upper income brackets do not. The whole purpose as to why rent control exists is so that tenants from the lower income groups are not exploited by â€Å"greedy† landlords through government interventionRead MoreThe Emotional Impact Of Losing A Home On Foreclosure1048 Words   |  5 Pagesbetter prepared to own your next home, think of this as a learning experience. There are many options to home ownership, such as a rent to own home, building equity while renting a home. Most options have positives and negatives and weighing your options are veryimportant. Always remember your history is exactly that, history, so past employment and references are your history. The emotional impact of losing a home to foreclosure can be a devastating hit on personal confidence and self-esteem. I wouldRead MoreBuying A House After A Foreclosure Crisis863 Words   |  4 Pagesa mortgage. There are multiple strategies for buying a house after a foreclosure. In all of these strategies the families must be determined and hard working. The first is the rent to own option. The rent to own option requires prospective buyers to pay a monthly rent to the homeowner with a portion of the rent going towards purchase of the home at a later date. Usually this will last 2-5 years before the standard home purchase contract goers into effect. This option is good for the sellersRead MoreThe On The Foreclosure Crisis850 Words   |  4 Pagesagain with some more creative financing options. Many sellers are turning to options such as rent-to-own or seller carrying the contract with a down payment as well as buyers borrowing against existing retirement and life insurance accounts. The rent-to-own option is one that very desirable for potential home buyers as well as sellers. They are able to live in the home that they desire to own and all rent payments that are made are put towards to the future mortgage similar to a buying a car. TheRead MoreThe Economic Crisis Of Boomerang Buyers1478 Words   |  6 Pagesforeclosed property (Rent-to-Own/Lease with an Option to Buy) is a viable option to take steps in buyingfinancing a home. Therefore, with distance (minimum two years) between the prior foreclosure event and locating a potential new home, the â€Å"boomerang buyer† is facing the opportunity of a lifetime to buy a home again(Martin). Current boomerang buyers† are opting to rent-to own as a possible way to procure a home.According to an article, entitled How to Buy A House Using A Lease, â€Å"Rent-to-own is a goodRead MoreMarketing Segmentation for Rental Business1361 Words   |  6 Pageseach refrigerator; even though the retail price of a pre-rented refrigerator will drop, being able to rent such a fridge even a few times before sale will increase the ROI per unit. Marketing Segment The segment to which Koolie Kool is targeting its rental services is twofold: (1) middle and lower-middle class families who cannot afford to own a refrigerator outright, but who can pay modest rent-to-own installments on a refrigerator; (2) more well-off but cautious buyers who wish to test a refrigerator

Suicide Is The Point At Which An Individual Takes Their...

Introduction and Description Suicide is the point at which an individual takes their own life away. When we consider suicide we don t think about a child committing suicide. We regularly associate suicide with adults, so when we hear about suicide in children it is quite shocking. However, it does occur and it is quite common. In an article, it discusses how girls are more prone to commit suicide than boys. Also, the most finished suicides are from Native Americans. Be that as it may, white Americans have higher rates of suicide than individuals who aren t white. Additionally, in this article it depicts the statistics of child suicide. According to the authors, â€Å"the prevalence of suicidal ideation and suicide attempts in youth is high,†¦show more content†¦In an article it talks about how stress, family, friends, and can be the response to the etiology of child suicide. In adults, circumstances, for example, losing a job, money, and relationships can cause stress. In children, one would most likely imagine that there isn t much that can bring about stress in a child. However, there are many things that can cause a child to be stressed. For instance, children have to deal with the pressure from their parents to get good grades. In addition, children have to deal with being accepted by their peers. All of these situations could lead to depression, which plays a huge role in child suicide. This article states, â€Å"Intense depression has been found to be the most prevalent characteristic of suicidal youths† (Wodarski Harris, 1987, p. 478). Historic and Recent Research In the past child suicide was hidden because individuals didn t want to acknowledge the way that kids were taking their own lives away. There were many times when child suicide cases were covered up. An article that was distributed in the year of 1983 talked about this. This article additionally talked about how adolescent suicide has been so striking since the 1960 s. Individuals in the 1960 s were so tired of child suicide and didn t want it to be disregarded any more. Due to the increase of suicide, individuals felt it was vital

Food Stamp Cuts Justified or Unjustified Essay - 619 Words

Recent cuts to the Supplemental Nutrition Aid Program (S.N.A.P.), also known as the U.S. Food Stamp Program, have become extremely controversial. Whether Congress was wrong to reduce funding to the program remains a question. There are two principles that may be used to represent each side of this debate. The difference principle will be used to represent those who believe the program cuts were unjustified and the harm principle will be used to represent those who believe the program cuts were justified. Those who are against the cuts to the Food Stamp Program can argue that under the difference principle, Congress was wrong to reduce funding. The difference principle, created by John Rawls, states that an inequality in a society, such as†¦show more content†¦The harm principle was created by an English philosopher and writer named John Stuart Mill. The principle states that a government should only intervene to prevent someone from harming another. A harm is defined as an a ction in which someone causes someone else to lose something of value. Hunger in the U.S., according to the harm principle, is not a harm. Food insecure people are not hungry because others are taking away their food; they are hungry because they cannot afford or do not have access to food. Because hunger is not a harm, the government should not be intervening in the situation. Congress is not justified in using people’s tax dollars to create a Food Stamp Program, however they are justified in cutting the funding to the program. By cutting S.N.A.P. funding Congress is also not inflicting any direct harm to people. Congress is not taking away money that the program’s recipients already had; it is making a cut in the money that the recipients would receive. Since there are no harms being done in the hunger situation, either by Congress or by people in the U.S., Congress’s actions were justified. In my opinion Congress was wrong to cut S.N.A.P. benefits. Although C ongress did not inflict any direct harm to the beneficiaries of S.N.A.P, it did inflict indirect harm. This is a moral problem because people who depended on money from the program will not have enough money to eatShow MoreRelatedTheme in Literature Essay4725 Words   |  19 Pagesdied, many of them innocent civilians. It also was the most destructive war in history. Fighting raged in many parts of the world. More than 50 nations took part in the war, which changed the world forever. For Americans, World War II had a clear-cut purpose. People knew why they were fighting: to defeat tyranny. Most of Europe had been conquered by Nazi Germany, which was under the iron grip of dictator Adolf Hitler. The war in Europe began with Germanys invasion of Poland in 1939. Wherever theRead MoreLogical Reasoning189930 Words   |  760 Pagesyou carried all your food, water, sleeping bags, and tents. Last night you discovered that somebody had accidentally cracked the large water container. Now you are stuck with no water. Although there is a stream nearby, you wouldn’t normally drink from a stream, and you remember that your packets of water-sterilization tablets are in 3 the pocket of your other coat—the one you left at home at the last minute. The three of you are thirsty and have only dehydrated food left, except for fourRead MorePropaganda by Edward L Bernays34079 Words   |  137 Pagesidea. It might be better to have, instead of propaganda and special pleading, committees of wise men who would choose our rulers, dictate our conduct, private and public, and decide upon the best types of clothes for us to wear and the best kinds of food for us to 11 Propaganda eat. But we have chosen the opposite method, that of open competition. We must find a way to make free competition function with reasonable smoothness. To achieve this society has consented to permit free competition toRead MoreBanking Concepts and Practices39548 Words   |  159 Pagescover their dues which rarely happens in reality. It is neither legitimate nor practical for the banks to nurse sick units in all circumstances. E10. PROFIT PLANNING: Banking can not run like other profit making business since excessive and unjustified profits can only be at the cost of development of the society so far as the lending rates push up the production cost and ultimately is passed on to the customer. At the same time strong operating profits allow for allocations to capital and reservesRead MoreHuman Resources Management150900 Words   |  604 Pageshuman cost associated with downsizing has been much discussed in the popular press: a survivor’s mentality for those who remain, unfulfilled cost savings estimates, loss of loyalty, and many people looking for new jobs. 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Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 Pagesskills also helps organizations attract and keep high-performing employees. Regardless of labor market conditions, outstanding employees are always in short supply.2 Companies known as good places to work—such as Starbucks, Adobe Systems, Cisco, Whole Foods, Google, American Express, Amgen, Pfizer, and Marriott—have a big advantage. A recent survey of hundreds of workplaces, and more than 200,000 respondents, showed the social relationships among co-workers and supervisors were strongly related to overall

Corporate Financial Management Pension Fund Management

Question: Describe about the Corporate Financial Management for Pension Fund Management. Answer: A. Chief Financial Officer is a very important person of the company who is encompassing on the government entity and auditing committee. The company taken for answering the above question is Sacgasco Limited. Sacgasco Limited is oil and gas Exploration Company, basically based on California. The company is publically listed the company on the Australian Securities Exchange. In approximate the company has already issued 107 million shares (SACGASCO LIMITED.2016). The company also changed its name from Australian Oil Company Limited to Sacgasco Limited in October 2015. Sacgasco Limited is energy industry, Perth based company which focuses on the conventional exploration of oil and gas, for the improvement and production on the onshore of California. SGC will be targeting substantial production of gas for supplying the initial demand of 2.5 TCF per year on the gas market of local California and will be supplying the burgeoning LNG market on the west coast of North America. The company is having the extensive appraisal of the portfolio and for the exploration of the gas prospect which will be included in the opportunity of the multi TCF in the proved Sacramento Basin (SACGASCO LIMITED.2016). The Sacramento Basin has some improvement made upside due to gas which is underlying potential gas which was overlooked by the companies which are operated for producing widely used petroleum which has produced over 11 Trillion cubic feet. Dempsey conventional gas project is flagship prospect of SGC and will be remaining on focus for doing the development plans of the company. Dempsey Prospect will be having the potential for the near term, conventional production of gas because it will be locating the SGC's facilities of Production (SACGASCO LIMITED.2016). Responsibilities of CFO Chief Financial Officer has some duties and responsibilities which have a great impact on the fulfillment of the goals of the company. The responsibility of CFO has complexity. CFO is the person responsible for most of the operations of the company. There are few components which give rise to CFO. A successful and efficient CFO delivers the goal and aims of the company for getting the efficient operation to get completed. CFO is capable enough for fulfilling and delivering the goal and objective of the project. A successful CFO also finds ways for giving approximate way for the outlook process and evaluation of the industry. There are four important duties and responsibilities of CFO in Sacgasco Limited which are as follows: Strategies used in forecasting and economics CFO of Sacgasco Limited is the only one responsible for getting effected to the financial position, that will occur in the past and currently responsible for forecasting the future financial performance of Sacgasco Limited. CFO of Sacgasco Limited is successful in recording the experience with that of revenue growth and earning will be getting effected in the investment of Sacgasco Limited. CFO report of the company has successfully fulfilled is the role in improving the performance of the company. In the financial year 2015, the company did not pay any dividend and return of the companies shareholder's this decision was taken by the CFO of Sacgasco Limited (SACGASCO LIMITED.2016). The responsibility of Controlling CFO of Sacgasco Limited will be having responsibility for the presentation of the report based on the historical information available for the company. Stakeholder of the company is included as employees, creditors, lenders, shareholders and the concerned people of management. The people who are directly and indirectly depending on the exact and prompt data achieved from the financial position of the company which will be involving in taking a major decision (Raddatz and Schmukler 2013). The responsibility of the Treasury - Sacgasco Limited CFO is the sole person responsible for representing financial information regarding the annual report and investment related decision for the company which will be taking into factor the liquidity as well as a risk factor of Sacgasco Limited. It has been reported that company is continuously facing loss and is not utilizing its resources effectively, because of this company is facing loss from the operations. It has also been seen that company has only increased its finance income. The company further got involved into other income which was received because of Sacgasco Limited sold some of its owned subsidiary Calog LLC to Bombora Energy Pty Ltd. in this transaction (Sewell 2012). Compliance CFO of Sacgasco Limited has the problem of addressing and which the CFO oversees. The publically listed company has additional compliance issues that of privately owned company do not have. Cfo is responsible for handling these issues. CFO oversees the duties and responsibility of the shareholder for handling problem related to a dividend. CFO even is responsible preventing the fraud and theft which will be occurring due to the financial aspect(Lee et al. 2014) Impact of responsibility of CFO on the objective of Sacgasco Limited CFO of Sacgasco Limited is responsible for attaining the objective of the company and financial aspect. For managing incompatibility, unrelenting and increased conflicting goals of the company is only for doing an individual discovery. Due to this deficiency, there is a lack of linking between the financial and operating goal for resulting in the inefficiency and increasing cost. CFO of Sacgasco Limited is responsible for broadcasting the outlook under the whole company (Schinckus et al. 2016) In Sacgasco Limited, the CFO is the person responsible for identifying issues related to the working condition of the employee working in the line manager. This is only done for enhancing the standardization, quality, and operational agility. The CFO of the company is responsible for making planning for the integrated business report. The company CFO acts as the catalyst for stimulating the order of behavior in the company for getting achieved a financial and strategic objective of the company. On the overall basis for fulfilling the major objective will be observing the result of the historical cost laid in the financial statement. CFO also focuses of the having a partnership of the firm with that of other for the fulfillment of the business objective as well as the financial objective of the company. Sacgasco Limited CFO has a great capacity in fulfilling the responsibility of the company with a view of increasing the volatility in the stock market related to the share price of Sa cgasco Limited (Habib and Hossain 2013). Sacgasco Limited CFO will act as financial caretaker for guiding the company for achieving the goal. CFO of the company is leading the team in respect of taking decision-related to the operation of the business. The company is involved in the leadership program for fulfilling the objective of Sacgasco Limited. The CFO of Sacgasco Limited will be maintaining the transactional and cost effectiveness for adding value to Sacgasco Limited (Rose 2016). Sacgasco Limited CFO has the duty in reporting the external finance, capital management and planning of management of tax and also maintaining the relation with that of an investor. CFO is the person accountable for ensuring the performance of the management in the property of the company for giving advice on the strategic decision of the company. The CFO of the company should have knowledge about energy sector in Australia. The CFO of the company should have some effectiveness in taking decision-related to the strategy involving for the improvement in the energy sector (Rozanov 2015). The CFO of Sacgasco Limited has successfully fulfilled his responsibility and duty for doing complete evaluation of the company related to the financial component of the company. The company is also aiming at expanding the business globally. The role and responsibility of the company are totally affecting the company. Strategies adopted by CFO for the company will be offering strategic solution related to the energy sector. The energy sector of Australia focuses on conventional use of exploration of Oil and gas. In Australia, the energy sector can get successful attainment of the goal because of the favorable presence of environment, social and political factor present for the company for the expansion of the business (Agrawal et al. 2013). Sacgasco Limited is experiencing a low growth of the in the current years, and it is because the decision taken due to negligent decision was taken by the CFO of the company. CFO is the person responsible for taking decision-related to financial performance of the company. A single wrong decision will take the company in getting loss from its operation of the business. CFO of the company has not fulfilled his duties and responsibility in true to its attempt. Otherwise, Sacgasco Limited would have got a sufficient of profit for the fulfillment of the duties (Engel et al. 2014). From the critical evaluation of Sacgasco Limited, it has been analyzed that CFO of the company is responsible for fulfilling the financial and company's goal. The CFO of the company has truly fulfilled the aim and objective regarding the financial company. CFO has truly fulfilled the responsibilities and duties of the company, which is strategies used in forecasting and economics, a responsibility of controlling, responsibility of the treasury and compliance. The responsibility of CFO has been fulfilled with the best effort of CFO, then also the company is suffering from loss because of unavailability of the suitable resources required for the production (Friedman 2015). B. Efficient Market Hypothesis (EMH) is theory of investment states that it is next to impossible to beat the market because efficiency of the stock market is causing the earlier existing share prices for always incorporating and reflecting all the information, which are relevant. As per EMH most of the time stock is traded at fair value on the exchange, either causing difficulty for the investors for purchasing stocks which are undervalued or selling of stocks at prices during inflation (Woods and Urwin 2012). EMH regarding financial economics also states the available information is totally reflecting the price of the assets. There are three variants of the hypothesis which is weak, semi strong and strong. "Weak" EMH claims only on that price of traded asset which is already reflecting all the prior publically present information. "Semi Strong" claims both the prices, which will be reflecting in the past, as well as prices which instantly changes for reflecting new information in the public. Strong claims to that price which is instantly reflected even if there is hidden information. The investors of market want high return, and this can be only achieved only when the stock as high risk. Therefore, with this effect, the equilibrium in the number of assets are getting increased and earning huge amount of revenue regarding tax (Bedard et al., 2014). One of the major roles of the pension fund manager is to see the pension scheme of the company is running effectively and sustainability (Jenkinson et al. 2015). Another responsibility of the fund manager is also that under his duty, all the funds are being accumulated for some years for offering effectiveness in the advantages of retirement schemes. It is the duty of the pension fund manager to link the schemes with company's employee. The view of implementing new pension schemes will be also looked by the pension fund manager. Duties and Responsibilities of the fund manager vary from company to company and as well as on the nature of the business. The fund manager is the person responsible for doing development in the pension fund of the company and for monitoring the entire administration. Fund manager of the company is totally responsible for discussing, auditing and contract to be done in the getting adopted to the frameworks of the company (Watson et al. 2016). From the critical evaluation, it has been analyzed EMH theory is clarifying that stock is sometimes traded at fair value on the Stock Exchange. The role of the pension fund manager is to see the pension scheme of the company is running effectively, and sustainability with quality performance, quality, and targets of the clients will be fulfilled in compliance with the company standards. For ensuring the proper operations of the company, role of the pension fund manager is very necessary. Further, it has also been analyzed that Pension fund manager has become one of the important people in managing the funds of the retirements plan of the employees working in the company. So regarding selecting a portfolio EMH is considered to be true and pension fund manager is also stand as criteria (Blake et al. 2013). Reference List Agrawal, A., Goldie, J. and Huyett, B., 2013. Todays CFO: which profile best suits your company.McKinsey Q,1, pp.1-6. Bedard, J.C., Hoitash, R. and Hoitash, U., 2014. Chief financial officers as inside directors.Contemporary Accounting Research,31(3), pp.787-817. Blake, D., Rossi, A.G., Timmermann, A., Tonks, I. and Wermers, R., 2013. Decentralized investment management: Evidence from the pension fund industry.The Journal of Finance,68(3), pp.1133-1178. Engel, E., Gao, F. and Wang, X., 2014. Chief Financial Officer Succession and Corporate Financial Practices.Fisher College of Business Working Paper No. RP, pp.02-005. Friedman, H.L., 2015. The Strategic CFO? Implications of the CFO's Role and Responsibilities.Implications of the CFO's Role and Responsibilities (August 18, 2014). AAA. Habib, A. and Hossain, M., 2013. CEO/CFO characteristics and financial reporting quality: A review.Research in Accounting Regulation,25(1), pp.88-100. Jenkinson, T., Jones, H. and Martinez, J.V., 2015. Picking winners? Investment consultants' recommendations of fund managers.The Journal of Finance, 43(1), pp.99-126. Lee, C.C., Tsong, C.C. and Lee, C.F., 2014. Testing for the efficient market hypothesis in stock prices: International evidence from nonlinear heterogeneous panels.Macroeconomic Dynamics,18(04), pp.943-958. Raddatz, C. and Schmukler, S.L., 2013. Deconstructing herding: evidence from pension fund Investment behavior.Journal of Financial Services Research,43(1), pp.99-126. Rose, P., 2016. Reframing Fiduciary Duties in Public Funds.Ohio State Public Law Working Paper, 8(7), p.8. Rozanov, A., 2015. Public pension fund management: Best practice and international experience.Asian Economic Policy Review,10(2), pp.275-295. SACGASCO LIMITED. (2016).SACGASCO LIMITED. [online] Available at: https://www.australianoilcompany.com/index.html [Accessed 19 Sep. 2016]. Schinckus, C., Jovanovic, F. and Ausloos, M., 2016. On the" usual" misunderstandings between econophysics and finance: Some clarifications on modelling approaches and efficient market hypothesis.International Review of Financial Analysis, 10(2), pp.275-295 Sewell, M., 2012. The efficient market hypothesis: Empirical evidence. International Journal of Statistics and Probability,1(2), p.164. Watson, J., Delaney, J., Dempsey, M. and Wickramanayake, J., 2016. Australian superannuation (pension) fund product ratings and performance: A guide for fund managers.Australian Journal of Management,41(2), pp.189-211. Woods, C. and Urwin, R., 2012. Putting sustainable investing into practice: A governance framework for pension funds. InThe Next Generation of Responsible Investing, 8(7), pp. 27-48.