Through this process it should provide automatic evidence for the rigor of external evaluation of the partners outlined above. “the core principles of good assessment and quality assurance ……… underpinning both effective learning and the demonstration of competence” ( p xiii Foreword Rob Wye – Chief Executive Learning and Skills Improvement Service). Effective internal verification is an on-going process. It allows good practice to be shared, and can help identify problems at an early stage. Internal Quality Assurance upholds the credibility of any assessment or qualification the organisation delivers.
401(K) has become ineffective because of the corruption of big business, the misunderstanding of and as a result a mishandling of the 401(K) accounts, and its correlating dependency on the market’s success. Making profit is important to people. Most of all, improving the bottom line is the primary objective for major companies. “For Robert Shively, learned that his employer, Occidental Petroleum Corporation, or also-known-as Oxy Pete,” wanted to forgo the guaranteed-employer pension plans for the less demanding 401(K) system where it is based on contributions from employee’s pay rather than from the employer’s profit. This forces the employee to save without any effort but, due to this, workers began to neglect the social security and entirely dropped the use of the original pension plan.
In Germany America’s economic failure contributed to the rise of Adolf Hiltler, so the Stock Market Crash had a domino effect on our country and others. In America there were 16 million unemployed, which was about one third of the available labor force (Livingston1). There was some companies that faired well through-out this gloom; Camel Cigarettes was the top selling tobacco product. The reasoning for that is people were stressed out and felt that cigarettes relived
National Debt At one point our national debt was only 34,000 dollars that was way back in 1834, today in December of 2012 our debt has gone up to about 59 trillion dollars. Many people don’t even know anything about our debt situation. It’s never fully explained on how we got so far in the red zone, it’s always hidden away like a dark secret of our government. Truthfully there are many explanations for our nation’s debt crisis. The U.S. government has stolen trillions of dollars from future generations of Americans, and we continue to add well over a hundred million dollars to that total every single day.
Having such a small amount of people possessing such a large amount of the wealth will pull down society. Our biggest private employer, Walmart, the “Union-busting low-wage retail empire happens to have generated a $200 billion family fortune”, while, not even paying their workers a living wage. People having accumulated all this wealth then use it to pay off politicians to vote and write bills in their favor. America would be better off with the upper class being flushed out of our system.
These institutions borrowed billions of dollars to purchase companies they weren’t experts in, allowed no money down mortgages, and used financial devices to calculate exactly how much they could lose if things went wrong so they needed little money on hand in reserve. However, in 2007 and 2008 when interest rates began to rise, asset prices fell, and borrowers couldn’t pay off debts the “Dumb Money era” crashed and burned and took the American economy down with it. The government and taxpayers are now responsible for paying off the $700 billion bank and financial institution bailout, along with many companies needing to shut down and lay off thousands of workers as well. Alan Greenspan appeared before congress in 2009 to discuss that after reevaluating his theories on which the “Dumb Money” era was based on (low interest rates, unregulated markets, and the ability to use debt instruments to manage risk) he found an error in his judgment. Gross believes that if we continue to listen to people like Alan Greenspan, another “Dumb Money” age may
The average American only makes $41,673.83 annually according to the social security online national wage index, but it is said that the average NBA player makes a stunning $4,790,000 per year. It seems crazy that the average NBA player makes more in a week than the average American does in a year, but yet they are still arguing with team owners over slight pay cuts. The NBA lockout has been all over the news for months, and it seems extremely silly that millionaires are arguing with billionaires over how to divvy up four billion dollars. Due to this topics extreme publicity and silliness; many fans have felt a sense of exigency, in a rhetoric sense, and have decided to speak out on the issue. David Heeb, a high school teacher and basketball
The public and the press were immediately suspicious of this new entity, but other businesses seized upon the idea and copied it. Standard Oil had become invincible, always prevailing against competitors and critics. It had become the richest, biggest, most feared business in the world, seemingly immune to the boom and bust of the business cycle, consistently making profits year after year. Its vast American empire included 20,000 domestic wells, 4,000 miles of pipeline, 5,000 tank cars, and over 100,000 employees. Its share of world oil refining topped out above 90% but slowly dropped to about 80% for the rest of the
Many eager businessmen with a few extra dollars invested in the railroad and real estate businesses, and soon this gave way to massive over speculation. Over the next few years, 89 of the country’s 364 railroads went bankrupt, over 15,000 businesses failed, and unemployment skyrocketed to 14%. Eventually, the economy managed to get itself back on its feet, and by the 1880s the country was back to normal. The government passed a number of reformative protective tariffs which were meant to ensure that nothing like the panic would ever happen again. Unfortunately, it did.
He was advised that market busts were just a part of capitalism, which had the therapeutic benefits of cleansing the system of unproductive firms. The business culture vehemently apposed federal aid to the unemployed and prompted individual citizens to “tighten their belts” as a way to escape the turmoil. The Hawley-Smoot Tariff made the economic situation worse by raising the cost of imported goods but more importantly received reciprocal treatment for the obvious protectionist action. American products became increasingly more difficult to sell around the world. By 1932, Hoover admitted that voluntary actions on the part of businessmen were not capable of lifting the country out of the recession.