Training social workers in personal finance The rising financial crisis has left many American families more stressed as most of them are unable to survive at $ 2000 per month. A study revealed that many families are finding it hard to pay bills and credit cards. Also, it is estimated that low-income earners are at higher risk of experiencing financial strain more than top income earners. Finance social work is a plan to help a client increase their financial and economic capacity through advocacy, policymaking, and research. On the other hand, financial counseling is the ability to educate families on principles of saving and how to avoid bad debt. Institutions have started offering commercial related courses. The purpose of the study is to show how the inclusion of finance-related courses to social work degree may help to address financial issues faced by families. They wanted to answer the following questions. How personal finance crisis faced by social workers can be used in educating social work students How experienced finance social workers can help other social workers in confronting financial challenges…
the price of the BCH/USD pair On today’s hourly chart, the price of the BCH/USD pair seemed to be following a downtrend as reflected by the bearish trend-line (A) that was spotted on the hourly chart that suggested that the bears are highly in control. Afterward, the bearishness was showcased after a short-term period of consolidation amid $214.2 and $211.4 level, followed by a bearish accumulative candle as at 24:00. BCH/USD price sharply dipped to a low of $203.3. Moreover, the impact of the downside break below $211.4 has led the pair’s price to test $203.6 support level; thereby, sellers are now eyeing $190.0 level as the immediate support. The hugely selling activity has brought BCH/USD current price to be exchanged at $204.3 with an intraday down surge of about 3.9%. Alternatively, the long-term SMA has been gravitating above the short-term SMA, while the RSI is now comfortably hovering near the oversold region, showing an increase in bearish pressure. Besides, if the RSI manages to climb and settle above level 50, this would mean that the bearish trend is most…
Application of Data mining in the banking sector Introduction Financial fraud is a growing concern with significant consequences within company organizations, finance trade, and governments. In the modern world, banks have been highly dependent on web technology, which has magnified financial and banking transactions. Nonetheless, fraud in the financial and banking sector has also increased with an increase in offline and online transactions. Since transactions have become more popular as a payment mode, there has been a growing focus on how to prevent fraud and its effect I the banking and financial sector. Data mining has led to establishments of various techniques that banks and financial organizations can use to hinder fraud. Data mining has offered different logarithms and techniques that aid in focusing on essential data patterns from banks’ databases hence hindering fraud activities. Application of Data mining in the banking sector The banking and financial industry has faced various changes in the manner of conducting business. The implementation of electronic banking has made it easy to capture transactional data simultaneously (Herawan and Deris, 2011). Data mining offers aid…
World- systems theory and the current US-China trade war The World-Systems Theory approach by Immanuel Wallerstein explains the changes in the economies of the capitalist world using a modern world’s historical development, knowledge structures combined with the analysis of the Capitalist world’s contemporary economic crisis. The key intellectual building blocks and the theory’s main concepts have had a significant influence on the developing world. The world system theory emphasizes on equal opportunities and development across countries and thus appealing to the practitioners and those who believe in the philosophy of balanced development. The world-systems theory explains the current US-China trade war, which started in early 2018, and which has been significant in the global market in almost half a century by using analysis of world systems in place. A lot of speculations of the potential impact, causes, and the progress of the trade war have emerged. Countries need to understand the leading causes of the trade war to avoid future occurrences. In that regard, the world-systems approach provides ideas on how to predict the future economic consequences and thus prepare…
Key Drivers of Recent Stock Price T-Mobile’s stock price has generally been increasing over the last two years, and this can be attributed to several factors which will be discussed below. Currently, the price is expected to increase over the end of 2019 up to 2020. Overall, the stock has gained over 21% this year. 5G and Acquisition of Sprint T-Mobile’s acquisition of Sprint will make it the first provider of smartphones that are compatible with 5G. The 5G launch will be done in December 2019, and the acquisition of Sprint is almost over. It is expected the interest that investors have in T-Mobile will increase as it has already started to gain momentum. These factors will drive the T-Mobile stock price to more than the $93 low-end price target (Does T-Mobile…, 2019). The T-Mobile resources and market share have become and will continue to be considerable. Immediately after the finalization of the deal, T-Mobile’s shares may fall in the short term, which may be a favorable time to buy the stock. However, the fall in shares won’t last for…
Economics: Case Study Question 1 Purchasing Power Parity (PPP) is an economic theory that is used to measure different prices of countries using goods and services. PPP implies that the countries’ two currencies are at equilibrium if the costs of products are priced the same after their considering the exchange rates (McKinnon and Ohno 42-43). An informal way of explaining the PPP includes using the Big Mac index. This concept uses the price of the Big Mac Burger in a specific country as a tool to compare with the amount of Big Mac in the other country. The Big Mac index calculation is no longer having the same effect since it deems currencies with a higher index to be priced while those with lower indexes to be under-priced. Question 2 According to FRED codes, the United States (US) and Canada were last at their exchange rate parity on 6 April 2010. The US has historically maintained a stronger national currency than the Canadian dollar. When the 2008 financial crisis affected the US economy, Canada was able to catch up with…
Can money buy happiness? Can money buy happiness? This is a controversial question asked by most people, but there is no definite answer to it. Money changes the overall nature of a person, such as their lifestyle and living habits. With enough money, a person can travel to different places in the world, wear the most expensive clothes, eat luxuriously, and drive the newest models of cars. For an average person with low income, such a life is just a dream that might never come true. Mainly, people feel happiness in varied ways, and money influences them differently. There is a significant difference in how rich people express emotions and how poor people do. The vibrant exhibit more feelings that are positive, while low-income earners take pleasure in showing compassion to others. Markedly, money changes how a person relates and interacts with people in society. Nevertheless, the amount of money a person has does not determine how happy they are. People show different degrees of happiness based on how much money they earn. As for some people like Kim Kardashian,…
Impact of a Rapidly Growing Economy on Family The economic growth of a country refers to increased production of goods and services by a state. Countries that are highly ranked economically comprise of the developed countries while developing countries have an unstable and weak economy. For developing countries to experience rapid economic growth, they should attract inexpensive capital to improve their production and invest in new businesses, and have access to new international markets for the purchase of goods and services. A rapidly growing economy leads to a wide range of benefits for a country. This paper focuses on the impact of a rapidly growing economy on a family. Economic growth translates to profitability for businesses which results in a rise in stock prices and companies; therefore, get capital to invest and hire more workers. Consequently, it has a positive impact on families for various reasons, such as employment. When more jobs are created, families benefit from increased income which helps cater to a wide range of family needs. Consequently, a family will enjoy improved standards of living. For instance,…
Money, Love, and Betrayal in the Film Cruel Story of Love The military expansion was evident in the 1930s and 1940s, followed by home renovations and autarky abroad led to the development of a new structure and establishment of new order overseas (Gordon 3). The original structure was followed by the powerful trying to accumulate wealth with the less fortunate getting oppressed in the process. Cases of violence and crime resulted in the oppressed trying to fight for their rights with movements being formed after world war II. Movements such as the citizen movement were established to allow the nonpolitical class to fight for their rights. Families came together to protect their loved ones by ensuring their day to day lives did not get disrupted. This kind of love is also seen in the film Cruel Story of Youth, where Kiyoshi goes to the extent of sacrificing his own life to the prostituting gang to protect Makoto. Betrayal of people by the government was also rampant as promises were not kept. Similarly, the Japanese government is betrayed by its international…
Employment Law Introduction Employment laws encompass the legally binding agreements between the employees, and their employers. The employment law contains various federal statutes, judicial decisions, and administrative regulations. The significant components of employment law include unemployment compensation, pensions, and employment discrimination. Almost all businesses use employment laws to govern the relationship between employers and employees. There are different subjects in the employment law, which are meant to protect the rights of the employees by preventing discrimination, and promoting health, and safety of the workers. The law also prevents work disruption as a result of disputes between labor, and management as seen in the case of Beth, and ABC Cosmetics Inc. Question: Beth, a Web developer, has worked for ABC Cosmetics, Inc. (ABC) for two years in their New York location. ABC has corporate offices in the states of New York and California. When she started employment at ABC she signed several forms, including an acknowledgement of receipt of an employee handbook. The employee handbook has a prominent disclaimer in the introduction and in large text on its own page…