Friday, June 26, 2020

Andrew Carnegies Innovative Approach to Steel Production - Free Essay Example

Andrew Carnegies innovative approach to steel production helped him amass an unprecedented personal fortune from which he could pursue many philanthropic endeavors. In addition to bad working conditions, Carnegie has been criticized for paying his workers low wages, therefore making labor relations between Carnegie and the people who worked very hard. Carnegie built plants around the country, using technology and methods that made making steel much more efficient. He had all the material in order to get started including raw materials, ships and railroads for transporting the goods, and even coal fields to fuel the steel furnaces. Having these resources helped him begin his monopoly, and the top in the industry. After 12 years of working in the Steel Industry Carnegie considered retirement, but little did he know that a banker named J.P Morgan secretly wanted to buy out his Steel factory. J.P Morgan watched closely for years on how Carnegie thrived in his business and how quickly and efficiently he produced profit. He envisioned a more thorough steel industry that would lower the costs for materials, lower prices for buyers, be able to make produce in larger amounts and raise wages for the workers. In order to do this he needed to buy out Carnegie and several other major producers and combine them into one major company, therefore getting rid of duplication. He finished negotiations on March 2 1901, and then made the United States Steel Corporation. It was the very first corporation in the world with a market capitalization over $1 billion.The buyout, secretly negotiated by Charles M Schwab, was the largest industrial takeover in United States history to this day. The holdings were incorporated in the United States Steel Corporation. Then Carnegies Steel Corporations were bought out for $303,450,000. By 1889, Carnegie Steel Corporation was the largest Steel Company in the world. After Carnegie sold his steel company, he retired from business and devoted himself full-time to philanthropy.

Thursday, May 28, 2020

Is Your College List Financially Balanced

HomeApplyApplicationsIs Your College List Balanced With Financial Safety, Match and Reach Schools?This page may contain affiliate links.Oct 18, 2019 Is creating a college list driving you crazy? You’ve done the college visits. You’ve seen the rankings. You’ve even looked into degree programs and talked to your child’s high school guidance counselor. You may even have it categorized into schools that are easy for your student to get admitted to, those that are a good match, and those that are unlikely – but still possible. However, our question for you is – is your college list financially balanced? Do you have a mix of financial safety, match, and reach schools? Kellie, a parent from our Paying For College 101Facebook groupis going through the college admissions process for the second time. The first time was with her daughter, a National Merit Finalist. Having the recognition of being a National Merit Finalist, Kellies daughter was able to find schools the family could more easily afford, mainly because she was able to qualify for full-ride scholarships at certain schools. As an ACT test prep tutor, Kellie says shes very passionate about the topic of making sure students have financial safety schools on their college list. I work with many students whose parents do not consider or discuss the financials until very late in the process and students can be very disappointed. Kellie is also realistic and knew the process would be different with her son, a current high school senior. I explained our financial position (not sharing all numbers but we had a job loss and major changes in financials) and so he was understanding. It is hard because many in our area (wealthier suburbs of MN) are willing to pay for whatever school their students choose (or at least it feels that way to him). He was willing to look at it practically, especially since both his parents are still paying back our own student loans. We allowed 2 reach financials. Required 2 known financial safeties. And anything in the middle it had to look likely scholarships would make it affordable. If scholarships do not come through, he cannot attend. We made a total budget allowed. We considered parent contribution, student federal loan, and student work/scholarship total. If a schools sticker price with scholarships factored in is higher than that budget they are not applying. The Traditional College List Focus Most families focus on finding schools that are based on academic fit and match. If affordability comes into the equation at all, it’s usually after acceptances come in. Unfortunately, this can lead to very bad outcomes. We’ve actually seen students who were admitted to several of the schools they applied to – but they couldn’t afford ANY of them. You don’t want your family in that situation! Instead, shift your perspective and think about making sure your college list includes a mix of affordable schools before your student even applies. If you don’t think about financial balance in the beginning, you won’t have financial options in the end. Your student will be disappointed or your family will be in significant debt. Part of the research you do needs to involve how much the school will actually cost and whether that’s an attainable number for your family. Redefining Safety, Match, and Reach Schools It can be quite a paradigm change to think about finances right away. Most people have safety, match, and reach schools based on how likely their student is to be admitted. That’s an important consideration, but you can’t afford to leave money out of the equation. Instead of only thinking of admissions, list your student’s possible schools in terms of safety, match, and reach from a financial standpoint. You can use the net price calculator of each school to find a closer approximation of the real cost of attendance. The more questions the calculator asks, the better – it will be more accurate than those with only a few questions. Safety schools are colleges that your family can afford with only federal student loans – or even without them – and your student has a high chance of being accepted. Match schools are those where the net price calculator indicates your student is likely to get merit or other free aid. With that aid, along with only federal student loans, your family can afford to send your student there. Reach schools are colleges that you know you can’t afford to send your student to, but you’re willing to see if they offer a large amount of merit or need-based aid to make it affordable. Even if your student is awarded merit scholarships or need-based aid, your family may still need a private student loan from a lender like College Ave Student Loans as well. It may be your student’s dream school or a â€Å"brand name† school – but they need to understand that if the aid isn’t there, they can’t go! One of the most important things you can do is not worry about whether the school is â€Å"name-brand† or not. If you can treat all schools equally, it widens your financial opportunities Does a Name Brand School Matter? If you don’t pursue name-brand schools, are you hurting your student’s education? The Power of Brands A lot of people think that which college or university you attend is a make-or-break moment for a young person. However, there’s an increasing amount of research that shows which school you attend is a lot less important than what opportunities you take advantage of in college. Yes, there are rankings released every year, but these are aimed at parents – not employers or those who will impact your child’s future. Rankings have become more marketing than a truerepresentation of the quality of a school. What Really Matters You want a school that’s the right fit for your student. What really makes a difference is the major your child chooses, the experiences and internships they take advantage of, and how well they prepare themselves for their choice of career. A study from Stanford found that â€Å"Students who, for example, study hard, form strong relationships with professors, and participate in the college community tend to thrive during and after school whether they attended a top-ranked institution or not.† The research that you should focus on isn’t rankings, it’s accreditation, graduation rate, job placement (which may vary by degree program), culture, class size, and percentage of full-time faculty. Thriving Where You Go Frank Bruni, the well-known New York Times columnist, and author ofWhere You Go Is Not Who Youll Be: An Antidote to the College Admissions Mania,points out that highly motivated students will thrive no matter where they are planted. He goes on to list people who went to non-brand-name schools and turned out more than fine, becoming Fortune 500 executives, Pulitzer Prize winners, and MacArthur Foundation fellows. At less-elite schools, classes are more likely to be directly taught by full-time faculty. And of course, lower-tier schools are less expensive and often more likely to offer aid. Talking to Your Student About Finances A lot of kids get stars in their eyes about their â€Å"dream† school, whether it’s the reputation or the fact that their friends are going. They assume that if they work hard they can go to any college they want. Unfortunately, they need to understand the financial reality too. From federal aid to private student loans from providers like College Ave Student Loans, it’s important to be responsible. We hear from parents every day who are going through exactly what you’re facing. These parents, in our Facebook Group Paying For College 101, recently shared how they deal with the financial side of making a college list. One parent makes it simple: â€Å"If we dont think we can or want to afford it, it doesnt go on the list. Much like large schools or schools in big cities dont go on the list. Must meet minimum criteria and cost is one of them.† Here’s what one family’s strategy was: â€Å"We have a bottom line if after merit awards the bottom line is more than XX, then its a no go. We are not against loans, but will not take loans in our name and will only cosign up to a predetermined amount. He does not want a lot of debt and we dont want the relationship issues that often go along with cosigning.† Find the Right School – For Fit and Finances As you make your college list, think about not just academics but cost as well. A safety school isn’t a safety if it’s out of reach financially! Don’t worry about the rankings. Instead, focus on finding the right fit and looking for generous schools. Do careful research – about schools as well as about private student loans or other financial options. It pays to balance your student’s college list financially.

Saturday, May 16, 2020

Critical Psychology and Freedom Free Essay Example, 1500 words

Individuals have desired to be free and are always on the motive of getting liberation. However political freedom appears to be paradoxical and is almost theoretical rather than practical. According to Rose, this is because the world today is characterized by the opposition existing between freedom and government. As suggested by Baum (2000), the value of current politics has been defined by the value of liberalism. A state which is liberal is limited in that the practices of the government are restricted by individual liberty. With the issue of globalization, freedom is understood as practical, material, governmental and technical. The principle of individual freedom is an only moral aspect which has led to a growing and advanced civilization. Protecting and enhancing citizens freedom secures the state s wealth, productivity, health, and its welfare. Nikolas Rose argues that freedom has been the governments objective. It is also perceived as governments instrument and means of prom oting the intervention of various governing technologies. According to Zygmunt Bauman, Freedom refers to a situation whereby the motives of the individual shape their actions and the desired results of the outcome. We will write a custom essay sample on Critical Psychology and Freedom or any topic specifically for you Only $17.96 $11.86/page Bauman suggests that freedom only exists in accordance with those tied to it or those not free. Therefore according to him freedom exists as a relational condition within the structure of the society but not as a universal condition.

Wednesday, May 6, 2020

The Natural Sciences And The Arts - 1179 Words

People often argue about what constitutes progress, and things that some regard as progress other consider to not be progress at all. In my opinion it is the development towards an improved or more advanced condition. However what I perceive something to be could be biased due to my beliefs and value system, this is a limitation which must be considered when discussing progress in reference to the natural sciences and the arts. Reason and imagination play an important role in both understanding and comparing progress in the natural sciences and the arts but, while the imaginative insights of a scientist must ultimately be provable, those of artists need only to be reasonable. The interactions between these ways of knowing vary between the†¦show more content†¦Therefore the title must be approached differently, allowing for the development of the claim that progress in the natural sciences is more beneficial to society than in the arts. It is apparent that the knowledge gaine d from the natural sciences is generally considered to be the more reliable and true area of knowledge, opposed to the arts. Logic and reason are used as its primary ways of knowing which allow for the gathering of information through analysing data and observing experiments. Therefore we make the assumption that by gaining new information, through experimental practices, we are making progress in the development towards an ‘improved’ condition. This type of scientific progress can be classified as methodical (the invention of new methods of research, the refinement of research) and cognitive (increase or advancement of scientific knowledge) progresses. One example of this is the Eliminate Dengue Programme, which aims to develop a natural method to reduce the spread of dengue. The research team have shown that their approach reduces dengue transmission when the Wolbachia bacteria is introduced into mosquitoes in laboratories and affected communities, for example Yorkeys Knob which is where I live. Progress has indeed occurred, where dengue mosquito populations in Yorkeys Knob have been successfully reduced, if not completely removed. However, the counterclaim that progress in the natural sciences can have

What Is The Single Most Critical Problem Facing Us Today

When I polled a few of my friends about â€Å"what is the single most critical problem facing us today?† I got a frequent response that’s not so shocking, climate change. So why climate change? Why not obesity, or population control, or education? While all of those are problems that deserve discussion, no single topic is so fundamental to us as humans as climate change. In 2007 Al Gore stated in his person of the year interview that â€Å"Today we re dumping 70 million tons of global-warming pollution into the environment, and tomorrow we will dump more, and there is no effective worldwide response. Until we start sharply reducing global-warming pollution, I will feel that I have failed.† (Walsh) Perhaps the paradigm has changed. Climate change is now talked about at every level of government, in large and small businesses, and communities across the globe. It’s a topic that functions to affect our economy and our environment. Moving forward, it’s important to understand why our way of life will be affected by the way we tackle these issues surrounding climate change. Climate change is the single most important issue affecting the human race today due to its widespread impact on our survival; impacting food sources, transportation, weather, geography and other life forms on the earth. In this paper I’ll prove why food sources, transportation, weather, geography, and other life forms are so integral in the climate change discussion. For example with increasingly irregularShow MoreRelatedDeviance : Deviance And Deviance1335 Words   |  6 Pagesusual or accepted standards, especially in social or sexual behavior. There are many different forms of deviance in today s society. Something that is viewed as being deviant in one culture might be seen as normal in another. 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With passion being a drivingRead MoreEthical Issues in the Insurance Industry1326 Words   |  6 Pagesthey sold us was completely wrong for our needs and way over priced. Greed seems to play a role and being ignorant of the industry adds to the issues. Sometimes agents get incentives or â€Å"kick backs† for promoting or selling certain products. The products being offered may not even be needed by the consumer but just because it creates a bigger paycheck for the agent they pitch it to you and you buy it. In the following pages we will look at areas that have been identified as critical ethi cal issuesRead MoreImportance of Ethics in International Business1541 Words   |  7 PagesImportance of Ethics in International Business Executive Summary Ethics in the business world is important and global. Ethics  indicate what is right and what is wrong in  business branches and also lead employees and stakeholders with moral values. 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Audience Motivator: Every single day we are losing 137 plants, animal and insect species due to rainforest deforestation (Rainforest Facts). Landowners and governments of the rainforest today need to be given a good economic reason not to destroy the rainforest. We need to make an economy for the sustainable resources ofRead MoreNew Technologies And Policy Instruments1399 Words   |  6 Pagesof organisations today embrace a mechanistic, monocratic view of authority. Successful sustainability leaders have the ability to keep their organisation strong-minded on accomplishing its higher objectives while instantly handling several, occasionally changeable, streams of movement. According to (Cummings and Worley 2014), discussions about what needs to be done with new technologies and policy instruments to apply-have dominated the public dialogue on sustainability. Today s business environmentRead MoreScience Denial Endangers Progress1247 Words   |  5 Pagesstill occurs today. 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Our history connects us to who we are since we are immensely shaped by it. Groups that have had their oral histories destroyed (ex. First Nations

Capitalism and Socialism free essay sample

Capitalism is an economic and political system in which individuals own economic resources and industry. In a socialism system, the state plans and produces goods, and either owns or redistributes resources among its citizens. In a capitalist economy, the political system emphasizes competition for resources as a means of increasing wealth and developing personal success. In a socialist economy, the emphasis is on distributing wealth so that individual needs are met with collective capital. Both capitalism and socialism have advantages and disadvantages. However, I prefer to live in an economic and political system that affords me opportunities to own and develop personal success. In section 1 of the Virginia Declaration of Rights, it states that all men have certain inherent rights. One of those rights is â€Å"the enjoyment of life and liberty, with the means of acquiring and possessing property†. This is one of the principles of capitalism. Under a capitalistic society, individuals are responsible for protecting their own interests in the marketplace and within their communities. We will write a custom essay sample on Capitalism and Socialism or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The potential success of each individual is also valued. People are encouraged to direct their talents in a way that benefits themselves, such as by starting a business or entering a highly profitable profession. Although many argue that this can produce a disproportion between wealthy families and those struggling, I believe that if you work hard and acquire property, you should be able to keep it. â€Å"No man’s goods or estate shall be taken away from him† from the Massachusetts Body of Liberties further solidifies the principle of the economic system of a capitalistic society. In no way would I approve of my property being taken away from me and redistributed to others. I strongly believe that the courage and perseverance the pilgrims demonstrated on their voyage and landing in America is a testament to the liberties our nation was founded on. Moreover, if you work hard, why should you not be rewarded? Similarly, the political system of a capitalistic society provides us with many freedoms. In the Massachusetts Body of Liberties, it states that â€Å"no man’s person shall be restrained or imprisoned by any Authority whatsoever, before the law has sentenced him thereto. † In other words, you are innocent until proven guilty. What a privilege it is to live in a society that gives us the opportunity to prove our innocence before declaring us guilty of a crime. I can’t imagine living in a society where they believe you are guilty and you have to prove your innocence. Socialism relies on governmental planning, rather than the marketplace, to distribute resources. While it is usually possible for individuals living in a socialist country to own businesses or offer professional services directly to consumers, they are usually taxed heavily on their profits. Public services are typically numerous and funded by taxpayer money. Citizens are expected to work, but the government provides services such as education, healthcare, and public transportation for free or at very low cost. Socialist countries also often have extensive social welfare systems to aid the unemployed, disabled, and elderly. This might sound like a great idea; however, you are limited in what you can acquire because you have to share what you have with others. How fair is it for you to work hard and have to provide for others who are not your family? I believe that people in a socialist society become dependent on the government to provide them with even the basic necessities. I prefer to live in a system that does not force me to provide for others. Socialism means direct control and management of the industries and social services by the workers through a democratic government based on their nationwide economic organization. Under socialism, all authority will originate from the workers, integrally united in Socialist Industrial Unions. In each workplace, the rank and file will elect whatever committees or representatives are needed to facilitate production. Within each shop or office division of a plant, the rank and file will participate directly in formulating and implementing all plans necessary for efficient operations. In theory, it sounds like a great idea. Nevertheless, in my opinion, this system is flawed because you are handing over power to individuals who might not have the best interests of the people as a priority. Both capitalism and socialism have some strong and weak points. Nevertheless, because of my beliefs and background, I prefer to live in a society that allows me the opportunity to get as far as I can without limiting me. Capitalism provides that avenue for me. Therefore, I believe that it is a good fit.