why student loan debts should be discharged for bankruptcy In the United States, a large number of populations represent unpaid student loan debts. The government loses a lot of money from outstanding student’s loans. Many people are held back from progressing economically due to the student’s loan debts. Making the student’s loan debt bankruptcy is an appealing move. It would mean that students do not have to worry about paying back when they leave college. This would give them a chance to progress constructively without fear of being held back. It would also give them a fresh start. This would also ensure the wealth disparity among the black and white folks is bridged. However, some argue that making student loan bankruptcy is a dangerous move. It would encourage unlimited borrowing, which shall raise tuition fees. More so, they hold that such a move could encourage borrowing without the intention of paying back. This would make the government lose a lot of revenue. Nevertheless, I believe an amicable solution could be reached to harmonize discharging student loan debts into bankruptcy. This…
Saudi-Qatari Crisis: Analytics Study of Power Concept in International Relations (Realism view) Background information According to literature, Qatar is unexpectedly found itself under siege from the neighbors. Including, the United Arab Emirates and Saudi Arabia, Yemen, Egypt and Bahrain which have limited the diplomatic relationship. It was evident that even a modern era, the Qatar citizen’s face a lot of challenges. They have a mindset that Iran and Iraq support terrorism. The US has been one of the critical pro-Saudi lobbyists who is known to be threatening the regime in Qatar. According to history, there has been a significant rivalry between Saudi Arabia and Qatar. Though Qatar has a small size, it is rich in wealth and petroleum resources which provide it with considerable influence. It has therefore been supporting the Arab spring and supported Muslim in Gaza, and Egypt. Qatar and its neighbors were in a big confrontation since it was blamed to have internal affairs. Qatar is, therefore, pursuing different policies of Saudi Arabia (Ulrichsen,2017 .p 123). According to Joseph Governments tend to use military power to bring…
Public Finance Management Structural Drivers Fiscal imbalances Many budgetary problems are the result of “the mismatch of long-term revenue sources with the future stream of expenditures for existing levels of services.” Yet some costs cyclically go up, just as many local governments’s ability to fund them declines. Service demands from high unemployment occur just as the tax base is retreating. Financial shocks Small towns that have a large single employer that goes out of business or leaves the area are particularly susceptible to insolvency. Poor financial management Sometimes the planning by those in charge is so poor that it puts the jurisdiction in jeopardy. The classic case is Orange County, CA, in which the comptroller-treasurer Robert Citron was involved in derivatives trading that ultimately put the rich county 1.5 billion in debt. Although he served prison time for his incompetence, it did not stave off bankruptcy. Tax revenue loss At least three major reasons are important when considering the loss of revenue by jurisdictions. Some revenue loss is relatively temporary and comes with the boom-and-bust housing and commercial real estate…
Book Review: Dave Ramsey’s The Total Money Makeover Dave Ramsey’s The Total Money Makeover presents a motivational piece on the working of specific business investments. Throughout the book, Dave is a proponent of the ‘no debt” philosophy that requires people only to use cash to purchase items. While this philosophy contracts the loan path chosen by some successful entrepreneurs in the contemporary corporate world, it still gives substantial insight in building financial wealth and freedom. Rather than seeking a loan, an entrepreneur should save an emergency fund, clear all debts, create another emergency fund, and then save to purchase products. The book addresses four key concepts: psychological hurdles that people should overcome to build their finances, the actual process of creating the financial foundation, the steps of building wealth, and what to consider when making the decision of buying or not buying. The psychological hurdles covered in the book include denial, debt myths, money myths, ignorance, and “keeping up with the Joneses.” According to Dave, the journey to financial freedom should begin by acknowledging your financial problems. Money should then…
Optional analysis of RCBC $100-M money laundering scandal Report The banks should review anti-laundering rules and regulations this enables the authorities to be more lenient when handling cases that involve money slipping. The industries should also be advised to stop operations with customers with linkage to the risky countries such as Somalia. This helps in protecting banks from any legal action .The banks hope that they can come to an agreement with authorities, here they make it hard for the authority to identify cases of laundry. The government should launch a review of the anti money laundering regime this will lead to change. Those in authorities should use regulatory approach because it makes most of the members bank carry out operation over the world while considering financial crime .This can be greatly. The industry through working with government will reduce any difficulties for esteemed customers who want to prove their identities. DECISION on RCBC $100-M money laundering scandal Report The activity of banks reviewing the anti-laundering rules and regulations is more ethical, those involved in activities of financial…
Homeland Security Grant Programs Preparedness against emergencies is a crucial step towards the safety of society. This involves both emergencies of terrorism and natural disasters. Lack of readiness for this may result from loss of lives through both terrorism and natural disasters such as floods and hurricanes. The US has taken a significant step towards managing these types of emergencies. However, there is a need to add more funding. This paper will discuss the most appropriate financing for fighting against terrorism in the local society and also why the funding is not enough for the community. The tribal homeland security grant program is the best program to deal with local terrorism. Tribal homeland security grant programs are funds that are meant to boost US tribal abilities to deal with terrorism. This can be done by preparing, protecting against, and responding to acts of terrorism. The funding provides the best option for fighting local terrorism because of its aims. One of the objectives of the funding is that it involves the whole community at large to advance their security and emergency…
Money and Success: The Myth of Individual Opportunity Most of the people in the country are continually struggling to get a decent income. Currently, there are limited job opportunities, and the available job positions get preserved for individuals having some connections. In today’s world, there is a deep correlation between money and success. People believe that they must have money to succeed in life. The allegation, to a certain extent, is true. People must work hard to get some income that they can use either for investment purposes or for improving their lives (Davison). The income can get invested through education or venturing into a lucrative business opportunity. Without the seed capital earned from external sources like employment, loans, or donations from family and friends, success becomes difficult. There is also allegation “money follows the money” whereby the rich become richer while the poorer become poorer. Such a scenario is widespread. Most lucrative business opportunities get acquired by influential and politically connected people with vast sums of money. In most cases, the connected individuals receive first-hand information regarding lucrative business…
Rising of Tariffs under International Trade The raising of Tariffs has become one of the world largest economies; the USA is said to influence more on economic power. However, under the current leadership of President Trump USA as a nation decided to be engaged in a series of a trade war where they are now using tariffs as their primary supporting weapon. While conducting his campaign president, Trump frequently stated that he had the beliefs the ensure nation was suffering from various bad deals of trade and that there is the manipulation of tactics which comes from china. Trump as soon as he gets in the office; he started imposing various tariffs towards imported goods and the adjusted them as an attempt of making trade conditions to be more favourable for the citizens of the states. To eliminate increasing of tariffs, Trumps decided to impose 10-25% tariffs on billions of dollars of Chinese goods like solar panels, steel and aluminium. In response to this act, the Chinese were forced to put tariffs on the products of America that…
finance relationships between countries Finance is the brain, heart, and soul of any industry in the globalised world. Today, the boundaries between countries are swiftly vanishing away, so the understanding of Finance requires a more holistic and international view of the industry. Leading business executives and successful entrepreneurs have intrigued me ever since my childhood. The more I learned about their struggles and accomplishments, the more I found myself drawn to the engaging world of business. Though I could not relate myself to their stories of struggles but had an utter determination to be one among them and would often visualize myself in diverse corporate roles and try to get a feel of it. With the gradual passage of time, it became amply clear to me that I would want to pursue a strong, world-class education and started envisaging a career in business and management. I did my schooling from Dhanbad Public School, Dhanbad, Jharkhand and secured first-class marks in my board exam from CBSE, 10th– 70.20 %& 12th– 83 %. After finishing school moved to Pune andjoinedSt.Mira’s College, Maharashtra,…
Scotiabank-Kabbage partnership Question 1: What are the success factors in the Scotiabank-Kabbage partnership? Organizations come up with partnerships so that they can benefit (Bergart, 2015). Some partnerships succeed, while others fail. The failure or success of a partnership is brought about by some factors. The Scotiabank- Kabbage partnership succeeded due to some factors. First of all, the two organizations supported each other. Scotiabank was able to cooperate with Kabbage, which is an online financial technology company. Through cooperation, Scotiabank was able to learn how to work with a fintech partner. The bank majorly deals with large businesses, but with the partnership, it was able to learn an innovative way to lend money to small businesses. The other success factor was trust. Kabbage explained how the product and the business model would work. By so doing, Stewart and his colleagues trusted Kabbage. So, they decided to work with it, and later on, it succeeded. It is worth noting that without trust and cooperation, a partnership cannot succeed. Question 2: Under what condition is the same model applicable? When will the Scotiabank-Kabbage…