Wednesday, March 11, 2020
Aging Working Force Raising Retirement Age Essays - Free Essays Aging Working Force: Raising Retirement Age Introduction Recently, the birth rate is decreasing rapidly in Hong Kong. We are facing an ageing population problem and the labor force structure is imbalance. Whats more, the governments retirement plan is a failure as it does not provide enough financial assistance to them, both by publicly and privately managed plan. The elderly cannot afford the living after retirement by their private savings and insurance. We strongly suggest the government to set a clear regulation and extending the retirement age to remedy the problem. We will investigate other countries which are facing the same ageing problem and their decisions on extending the retirement age. Furthermore, there are lots of other ways to solve the problem. We will discuss three of them and compare the benefits and drawbacks on each alternative. Reason of the proposal Hong Kong has one of the worlds lowest birth rates0.9 per woman of child-bearing age, far below the replacement rate of 2.1. The city's elderly dependency ratio is set to rise from 161 per 1,000 in 2003 to 428 per 1,000 in 2033. That means more elderly dependents will have to be supported by a smaller working population. Look in the past; we could see that there is a trend of increasing dependency ratio. According to the report of demographic trends in Hong Kong, the Elderly dependency ratio is increasing rapidly from 97 to 168 during 1981 to 2006. The median age is increasing from 26.3 to 39.6. However, the percentage of Aged 014 is decreasing from 24.6 to 13.7. These figures suggest that the population is aging, together with a low birth rate the dependency is increasing in Hong Kong which creates a burden to the working force. In Figure X (Appendix 1), we can see that the longest bars of the graph is group 45-54, which has a population of 1400000. After 20 years this group of people will be supported by the people in the categories with shorter bars of which the gap in between is quite big. The difference between the population of the age group of 45-54 and 15-24 is nearly 350000. That means after twenty years, it will be harder for the major working labor force income to support the elderly living. Also, in the coming future, we believe that the shape of the graph will become an up-side-down triangle instead of a bell shape because of the low birth rate and death rate. This indicates that the dependency ratio i.e. pressure on the working force will be higher. However, we believe that the grey population can provide productivity to the society as well. From the data of labor force, we can see that the age group of 45-64 is growing from 32%to 38% from 2005 to 2010. Also, the labor force participation rate of age group 45-64 and 65 or above is increasing these years. This indicates the elder workers are becoming more important to Hong Kongs development, i.e. arising retirement age should be able to encourage a higher GDP as well. Figure y (Appendix 2) shows that the GDP is increasing in a slow manner. We believed that one reason would be lack of working force to boost up the figures. This would definitely affect the development on technology and other aspects such as education and social. From the survey of the government, we can see that nearly 90% of persons in the target group view that the stability of performance of relatively elder employees is stable and does not have any difference as compared to those of other ages. They even think that elder employees have higher performance on the concentration on work. Furthermore, nearly 40% of persons in the target group perceived that working experience is the main criterion considered by employers in employment related issues while only around 6% of them think that age is a main criterion in employment related issues. The majority have a belief that age does not affect employees performances. Therefore, raising the retirement age can help solving the problem of high dependency ratio and provide extra productivity to the society and hence contribute to higher GDP. Individual Perspective Loophole of Elderly Retirement Policies introduced by Government Ageing population with low birth rate
Sunday, February 23, 2020
Retailing- Boots V Superdrug - Essay Example In order to remain competitive in the market, the retailers have to adapt some strategies in order to differentiate their business from others. In this report, the strategies adapted by two retailers; Boots and Superdrug based in the same market sector and segment have been compared. The report also evaluates the retail strategy as well as the implementation of those strategies in the light of its competitive environment. Both the retailers are present in the United Kingdom. In the end, both the retail businesses are compared using the SWOT analysis with the intention to provide a clear view of the business. The aim of this comparison is to analyze which retail business is more effective in todayÃ¢â¬â¢s competitive environment and the strategies adapted by which of the two retailers are better than the other. BOOTS Boots is the one of the most recognizable businesses in United Kingdom. Being established in the 1849, the company has a strong heritage and wide range of products offer ed to customers. This is the main reason why the company is very well regarded by the customers. Boots is a very reputable brand in UK as well as in other parts of the world. It could be said that Boots in itself is a very strong brand and it owns several strong sub-brands as well which includes No.7, Soltan and Botanics. Boots is the member of Alliance Boots which was formed in the year 2005 to face the rising competition in the market. The alliance has helped the business to become the UKÃ¢â¬â¢s leading pharmacy and beauty retailer. With the merger, the company has remained focused on its philosophy of treating the customers fairly and equally. Moreover, the company has been expanding its offerings to further improve its profits. (Taylor, 2012a). MARKET SECTOR AND SEGMENT The market sector in which the company operates is the retail business and provides the customers with variety of products. The products being offered by the company includes; Health and beauty Personal care Co smetics and toiletries Baby care Dental care Bathroom toiletries Hair care MenÃ¢â¬â¢s toiletries Pharmacy services Skincare Perfumes Paper products OTC medicines (Bized, 2009) The companyÃ¢â¬â¢s market segment is based on demographics; age. The company aims to provide the mature women; that are more health and beauty conscious, and would pay higher price than normal to look young and beautiful again. The company also provides the male customers with products to enhance their looks and to remain smart and handsome even at the maturity age. EVALUATION OF RETAIL STRATEGY IN LIGHT OF COMPETITIVE ENVIRONMENT Boots strategies to deal with the environment External environment or factors influence the businesses of retailers as well (Lusch, Dunne, & Gable, 1990).. Therefore it is important for retailers to formulate strategies to manage their external environment (Oldfield, Ian, & Malcolm, 2000). The strategies to deal with the environment adapted by Boots are as follows Strategies to d eal with the Political factors To deal with the political environment, the company always looks for flaws in the business and creates contingency plans for their vulnerability. The company also employs rigorous planning for the identification and assessment of political environment in order to remain ahead of schedule. Boots aims to operate in countries that are politically stable therefore the company does not actually face many problems from the
Friday, February 7, 2020
Engineers create artefacts and processes through design - Essay Example From the definition, artifacts are designed systems or objects, with inclusion of all the results of the process The design process is a sequence of linear events that start at one point and end at one point. An engineer uses design process steps to identify a problem, create or formulate models that will solve or give a solution to the problem, and in a manner meet the need of the situation. Design process, it is normal for the engineer to jump back and forth the design steps in a process called iteration. In design models, decision making is the key to construction of processes and paths (CK-12 Foundation, 2010). During this phase a lot of basic mathematical, scientific, and engineering science theories and concepts are applied to convert optimally available resources to meet a stated objective (Philip G. Kosky, 2012). In engineering, to come up with a stable process, one has to pass through these fundamental elements; establish the criteria and objectives, synthesize and analyze the concepts available, construct models, and lastly evaluate and test the process. Engineers formulate and create engineering artifacts through the complete and integrated multi-step processes (Pahl, 2007). These steps include field research, idea conceptualization, a feasibility study and assessment, establishing design requirements, perform preliminary design, create a detailed design, production tool and planning design, then finally the artifact or product (Yousef Haik, 2010). Engineering design therefore is the gradual refinement of requirements and specification. This also can be defined as creative, and systematic application of mathematical and scientific principles to practical ends such as manufacture, design itself, operation of economical and efficient processes, structures, systems, and machines. The whole idea brings out the fact that engineering
Wednesday, January 29, 2020
Gambling Essay Essay The difference between gambling and buying stocks of companies is that you are betting on the future of the company and you have records you can research. If something terrible happens to the country, like a natural disaster, stocks will go down. If the country does well, the stock market will most likely go up. The key to doing well in the stock market is to research the companies you are trying to buy stock in. If you just pick a couple random companies to invest your well-earned money in, it would be more like gambling. It is possible to lose a large sum of money buying stocks if a company that was once flourishing has something bad happen. For example, those who owned stock in BP were probably doing all right until they had a vessel drop hundreds of thousands of oil into the gulf. Gambling in a casino, on the other hand is completely different. The house always a edge, and even though the edge is slim it still makes it so that the house will always win in the long run. If you are gambling in Vegas you better be using money you are willing to lose. In conclusion, if you do your homework and research and choose your stock right, more likely than not you will be making money. One thing is for sure I would feel safer tying my money up in the stock market than at the blackjack table.
Tuesday, January 21, 2020
Music and Stress Ã Ã Ã Ã Ã During the first week of my self change project I monitored my stress levels and the way music effected the mental and physical aspects of stress. From monitoring this properly, I found that listening to music pleasing to me at the specifically different times I experienced stress did help reduce my internal feelings and physical changes. In carefully studying the various types of stress experienced I concluded that certain types of music more effectively reduced my stress and anxiety levels. The following paragraphs explain further the types of stress felt and the music that assisted in subsiding the symptoms of stress. Stress can be felt in several different forms, included here are the following ways I experienced stress. This step was found to be particularly important in past studies to learn specific Ã âstress styles' and most importantly, what music reduced what symptoms of stress. There are six separate forms of stress that can be experienced. These are symptomatic in physical, behavioral, emotional, cognitive, spiritual, and relational aspects. Ã Ã Ã Ã Ã Physical symptoms I personally experienced were: headaches (specifically tension headaches), nausea, dizziness, sleep difficulties, tight neck and shoulders, racing heart, trembling hands, and restlessness. Behavioral symptoms I felt were: a definite excess in smoking, bossiness towards others, compulsive gum chewing, I became critical of others, grinding of my teeth so hard that I am forced to wear a mouthpiece at night, and an inability to finish what I start. Some of the emotional symptoms included: crying, anxiety,nervousness, boredom, edginess, overwhelming sense of pressure, overwhelming anger, being unhappy for no reason, and very testy. Cognitive symptoms that I felt were: trouble thinking clearly, forgetfulness, writers block, long-term memory loss, inability to make decisions, and constant excessive worry. Spiritual aspects of stress that I felt: doubt, unforgiving, apathy, and a strong feeling for the need to prove myself. Examples of relational symptoms included: isolation, intolerance, resentment, clamming up, nagging/whining, distrust,and less contact with friends. Ã Ã Ã Ã Ã The importance of identifying interpersonal feelings helps with deciding what music would be most effective in reducing stres... ...nderstand that if she/he decided to change, she/he could. Future use of behavior change will most definitely come in handy. I already have a list of things I would like to change on my own time and knowing how and what to do will be more than enough motivation to get me going. Ã Ã Ã Ã Ã My major goals in this specific self-change project would be the reduction of anxiety and stress through music therapy. Hopefully this will follow me into the rest of my life, including stress in family life and in my chosen career. Secondary goals that I have acquired through study on the topic are actually using music therapy in my future career. To be specific, I would like to turn and use music along with psychodynamic therapy to help heal pediatric oncology patients. At this time in my college career, I feel that I am fulfilling my goals, but certainly not to their best. Hopefully, through this and other self-change projects, I can prepare myself for today and the future. Self-change is, I found, something that can only continue in your life if you use it . If you do follow through, eventually, the change will become a part of you and not a simple Ã âbehavior you don't like'.
Monday, January 13, 2020
George sued Jerry under a theory of intentional infliction of emotional distress, alleging various grievances. Jerry has moved to dismiss the complaint on the grounds that even if everything George alleges in the complaint is true, George has failed to allege an adequate basis for liability under a theory of intentional infliction of emotional distress. The issue at hand is should the court deny the motion to dismiss.The essential elements of an action for intentional infliction of emotional distress in North Carolina are 1) extreme and outrageous conduct by the defendant 2) which is intended to and does in fact cause 3) severe emotional distress. Extreme and outrageous conduct is conduct which exceeds all bounds usually tolerated by decent society. In Stanback v. Stanback, 297 N. C. 181, 204 (N. C. 1979), the courts ruled: Ã¢â¬Å"Although we find error in the grounds on which the Court of Appeals affirmed the dismissal of plaintiff's Count Number II, we nevertheless affirm the dismi ssal on other grounds.The requirement that plaintiff in a malicious prosecution action based on a prior civil proceeding show some special damage resulting therefrom, as discussed supra, is an essential, substantive element of the claim. Ã¢â¬ In Hogan v. Forsyth Country Club Co. , 317 N. C. 334, 346 S. E. 2d 141 (1986), the court decided: Ã¢â¬Å"We hold Pfeiffer's conduct, as shown by Hogan's forecast of evidence, was not such as to be reasonably regarded as Ã¢â¬Å"extreme and outrageousÃ¢â¬ so as to permit Hogan to recover for intentional infliction of mental distress. The facts in this case are similar to Hogan. The courts ruled that the facts in Hogan did not meet the standards for intentional infliction of emotional distress set in Stanback, and decided for the defendant. Both decisions state clearly that there must be some sort of special damage and that the damage must be Ã¢â¬Å"extreme and outrageous. Ã¢â¬ It is my opinion that the courts approve JerryÃ¢â¬â¢s motio n to dismiss as the facts in this case do not meet the North Carolina standard for the infliction of emotional distress.
Saturday, January 4, 2020
Amanda Tran Date of lab: 04/25/05 Date submitted: 05/09/05 Chem 2130-3 Experiment 3: Synthesis of Co(acac-NO2)3 Introduction In this lab, Co(acacÃ ·NO2)3 is synthesized using the Co(acac)3 complex produced in Experiment 2. The Co(acac)3 complex is used as a reagent instead of acacH because acacH cannot be directly converted to 3-nitroacetylacetone. Since Co(acac)3 is not stable in HNO3, Cu(NO3)2 and acetic anhydride are used in this reaction to produce the final product, Co(acacÃ ·NO2)3. The exact mechanism of the reaction is unknown, however, it is believed to proceed as follows: 1) [pic] 2) [pic] Data and Calculations Table 1: Measurements of weights and melting point |Ã¢â¬ ¦show more contentÃ¢â¬ ¦Some of the product was dark green, with a plastic-like consistency while some of the product was a lighter green, with a powder/paste-like consistency. Discussion The objective of this experiment was to synthesize Co(acac-NO2)3 using Co(acac)3 complex. This demonstrated that the reactivity of a ligand is changed when it is bound to a metal. The acetylacetone-Co3+ structure is similar to the structure of benzene, allowing for an electrophilic aromatic nitration of the central carbon. Copper nitrate trihydrate and acetic acid react to form acetyl nitrate, which then reacts with Co(acac)3 in ice water and sodium acetate to form a dark green oil. This oil was solidified using ethanol to form the final product, Co(acac-NO2)3. Analysis of the product showed the melting point to be 182-187Ã °C. Since this is lower than the literature MP, it was determined that the product was impure. 0.3510 g of the product was synthesized, a 76%Show MoreRelatedSynthesis of Co(Acac)31077 Words Ã |Ã 5 Pagessubmitted: 05/09/05 Chem 2130-3 Experiment 3: Synthesis of Co(acac-NO2)3 Introduction In this lab, Co(acacÃ ·NO2)3 is synthesized using the Co(acac)3 complex produced in Experiment 2. The Co(acac)3 complex is used as a reagent instead of acacH because acacH cannot be directly converted to 3-nitroacetylacetone. Since Co(acac)3 is not stable in HNO3, Cu(NO3)2 and acetic anhydride are used in this reaction to produce the final product, Co(acacÃ ·NO2)3. The exact mechanism of theRead MorePreparation of Bis Acetylacetonao Copper 21382 Words Ã |Ã 6 Pagesnumber of other molecules or ions surrounding it. These can be considered to be attached to the central ion by co-ordinate (dative covalent) bonds. The molecules or ions surrounding the central metal ion are called ligands. Simple ligands include water, ammonia, acetyl acetone and chloride ions. Ligand has active lone pairs of electrons in the outer energy level. These are used to form co-ordinate bonds with the metal ion. All ligands are lone pair donors. In other words, all ligands function as LewisRead MoreApplication Of Magnetic Polymer Nanocomposites1720 Words Ã |Ã 7 Pagesdue to their superparamagnetic properties, high biocompatibility, and lack of toxicity to humans. For biomedical applications, some of their uses include both diagnostic and therapeutic in magnetic resonance imaging (MRI) [1, 2], drug delivery agents [3, 4], and as heat mediators in hyperthermia cancer treatment [5, 6]. Unmodified iron oxide magnetic nanoparticles have high surface/volume ratio, which cause magnetic dipole-dipole attractions that result in the formation of aggregates. The aggregation