The Clarkson Lumber Company is a family-owned business that has been in operation for over 50 years. The company sells lumber and building materials to contractors and homebuilders in the Greater Los Angeles area. In recent years, the company has experienced a decline in sales and profitability. As a result, the owners are considering selling … Read more
In The Marriage of Figaro, Beaumarchais brings to the stage issues of obligation and passion in the form of a theatrical bedroom farce. He calls to light both the reason and passion which is responsible for tying man to physical things through obligation and the complications that arise from these actions. These are obligations which … Read more
Conditional cash transfers (CCTS) refers to a form of funding by the government or other humanitarian agencies whereby the fund donated must be used to finance a predetermined undertaking (Fiszbein et al, 2009, pp. 31). In Conditional cash transfers, money has to be spent for the intended purpose and only those who have been approved … Read more
In the year of 1327, Kind Edward III of England defaulted on his Italian debts. This caused the banks of Bardi and Peruzzi in Florence to collapse. Who would know that over 650 years later, the world would still have these types of problems? After World War II, the need for an organization like the … Read more
For some, the collapse of Mexico’s economy proves that floating exchange rates and markets without capital controls are deadly. Others find the crash of the European exchange-rate mechanism (ERM) in 1993 to be proof that targeted rates will always be overturned by the free market. Many see the breakup of Bretton Woods as the failure … Read more
Hyper inflation has plagued most of the worlds developing countries over the past decades. Countries in the industrialised world, too, have at times duelled with dangerously high inflation rates in the post WWII era. With varying degrees of success, all have employed great efforts to bring their inflation rates within acceptable limits. Generally, a moderate … Read more