Article Critiques on Finance Essay Example | Topics and Well Written Essays - 1250 words

Article Critiques on Finance - Essay Example For example, although, â€Å" 70% of Swedes and 61% of Americans aged 55 to 64 work, a mere 32% of Austrians and Belgians in the range do [so].† In analyzing certain trends, the OECD report has divided its members into four groups having similar characteristics. These groups are â€Å"English speaking’, ‘Northern Europe’, ‘Continental and southern Europe’ and ‘Central Europe’. The first two of these groups have been successful in maintaining high employment rates. This, as per the report is attributed to the fact that countries in these two groups have, â€Å"weaker job protection; less generous unemployment benefits and thinner tax wedges than the average†. The message here is clear, namely, that the best way to reduce unemployment is to get more people out to work by the simple expedient of loosening labour markets. Workers must have an incentive to work to make ends meet, which might not be enough motivation if unemployment benefits are too attractive, or conversely, if the take-home pay is not worth the difference in effort. Encouraging people to work until they are much older is one way of reducing the pension burden, but this is offset by the fact that, â€Å" wages are often based on seniority not productivity†. Hence a correct balance has to be drawn, especially since wastage through retirement is one of the methods of job creation. This article examines Europe’s attempts at a monetary union and whether in fact countries that have adopted the Euro have really benefited in terms if increased trade. When Britain stayed out of the merger, it was projected that should Britain join it would result in a possible increase in trade by as much as 50%, and living standards by up o 9%. However, studies carried out by Richard Baldwin do not support these estimates. Baldwin has worked out that the increase in trade on the Euro adopting countries is only between 5% to 15%, with the average being 9%. The three EU countries that did not join

Chinese americans faceing discrimination in work and trade Essay

Chinese americans faceing discrimination in work and trade - Essay Example The first case was a judicial writ to the Supreme Court of the State of California while the second case was on appeal from the Circuit Court of the United States for that district. The sheriff stated that the petitioner Yick Wo was found guilty by the Police Judges Court, No. 2 of not obeying the ordinances of the board of supervisors of that county and were rightly fined $10 and in case of non-payment, imprisonment for as many days as the fine amount in dollars according to the law. Now, let’s have a look at the ordinances. An order No. 1569 was passed on May 26, 1880, dictating the type of buildings where laundering activities may be carried. Section 1declared it mandatory to have the permission of the board of supervisors to run a laundry, exempting only brick and stone buildings from its preview. Section 2 declared it illegal to construct scaffolding for any purpose other than specified without taking permission from the supervisors. Further Section 3 of the Order provided with a punishment of one thousand dollars or six months jail or both to those found guilty of committing the offence. Another Order was passed on July 28,1880 bearing No. 1587. Sec. 68 of this Order declared it illegal to run laundry business within corporate limits of San Francisco without permission of board of supervisors except in a building made of brick and mortar. It was on record that the petitioner was a Chinese, living in California for the last twenty-two years. He had a license from the board of fire wardens. All concerned departments checked his premises OK. His license had run out on time and had to be renewed, permission of which was denied. There were at that time 320 laundries in the city of San Francisco, out of which 240 belonged to Chinese people. It was found that others were not prosecuted; only Chinese were discriminated to oust them from their dwellings where they were residing for the last many-many years and paying all taxes. This attitude was