The price for the barrels averaged at a high of $105 in the first week of May and the price of a gallon in Houston was at a decreasing $3.74 from $3.89 about three weeks ago. The test of economics relating to the cost of resources versus the product isn’t sufficient because even at the highest peak in a month for crude oil, prices were still falling per gallon which leads to the other factor, the number of sellers/ suppliers. Every under construction site lately has been the input of a new gas station. This supports the slow falling price as the market widens with new competition. In the Cypress/Katy area there have been over ten new stations
Jones purchase the stock of Smithon outright leaving Smithon intact? The stock should not be purchase by Mr. Jones. Mr. Jones acquiring the assets, liabilities and also would inherit the contractual obligations of the selling corporation, would, be the results of the purchase. In lay terms, he has bought the existing Smithon Corporation and he is responsible of ensuring daily operations run efficiently but the tax aspect of acquisition he is responsible for existing and any future tax liabilities that the selling corporation had. It would be my advice for Mr. Jones to not buy the stock because of the liability of current and future tax obligations which Mr. Jones would incur from the purchase of the stock.
Annotated Bibliography Gerald Washington Donna Papania Thomas Guerin ENG/215 4/2/2012 Gayle Thomas Annotated Bibliography Carey, J., Holden, D., & Gershkovich, T. (2008, August 4). THE REAL QUESTION: SHOULD OIL BE CHEAP? (Cover story). Business Week, Retrieved February 17, 2009, from Academic Search Premier database. Holden and Gershkovich make a case for a tax policy that initiates a tax on oil anytime the market price falls below a predetermined threshold.
The collapse of the housing market and unemployment caused the most damage. Between 1991 to 1992 unemployment had gone back up to 2.6 million. Negative equity meant home owner were paying mortgages far higher than their homes were worth. Many people could simply not keep up with the increased prices and resulted in them losing their homes due to the bank repossessing them. The recession hit close to home for the Tories, effecting the middle class not just the working class of the industrial north.
Since 1991, gas prices were maybe close to two dollars even for a gallon. A whole decade and some years later, gas prices are roughly $4.50 a gallon. These ridiculous jump in numbers have brought the value of currency down. Economy is bad, insurance policies went up, and people become more irritated as these absurd state of affairs keep happening. What is just as preposterous is how the upper, middle, and working classes differ in cultures because of their financial circumstances they find themselves in.
The strength of the Aussie dollar impacts on exporting, metal prices effect profits, and a slowdown in the global economy will reduce the demand (particularly from China) for the metal produced in BH. The BH mine recently made 440 employees redundant which had a huge effect on the local economy and saw many families leave the region in search of employment Ageing Population: BH has an ageing population which in the short term has a positive effect through construction of aged
Furthermore, cost of living led low-income households to lose a high proportion of their income than those who are the better off people living in poverty have increased especially in households with young adults. How can one expect people living in poverty to afford decent meals? One may conclude, that recessions create and widen income gaps that cannot close when recovery strategies get employed. Moreover, recessions create a gap between the rich and the poor, thus explaining the different diet standards of the two groups. Lisa Miller states in her article ”Divided We Eat”, “As the distance between rich and poor continues to grow, the freshest, most nutritious foods have become luxury goods that only some can afford.” (Miller 190).
The GDP growth rates were a magnitude not since 1930 of -8.6 percent, 1931 of -6.4 percent, 1932 of -19 percent and in 1933 of -1.3 percent. While the Depression going on the unemployment was 25 percent and wages for people who still had jobs fell almost to 42 percent. The total of the U.S. economic output fell from $103 to $ 55 billion and the world plummeted 65 percent as measured
This inequality within our nation is the culprit behind America’s insignificant health. “Wealthy Americans make considerably more money than their counterparts in other wealthy countries, while the bottom 10% of our households make considerably less than poor people in Europe or Japan” (Page 228). The breach between America’s poor and rich is causing the overall health to lessen. The wealthy American will spend their money on unnecessary items that they will dissipate; “as private wealth become more concentrated, the quality of public life suffers” (228). Researchers have identified an association between household income inequality and mortality rates.
Current Event: Legislation In February, the gas prices were as bad as they could get because of the record breaking gas prices for February. This month was the worst month possible for civilians to get gas because the gas prices only declined four times this month. The average price for gas in the United States is at a solid $3.78 per gallon making it 50 cents more then it was at the beginning of the year and we are only two months into 2013. Over the past two weeks, gas prices have jumped 20 cents! But from numerous sources, specialists are saying that gas prices should start to decline sometime in the near future.