The Decline of Education Social and Economic Inequality...

In the year 2020, Kevin Hanley works as a janitor. By 2050, his son is a beggar on the street. How did this happen to Kevin Hanley’s son? This story was just a fictional one, titled â€Å"The Fable of the Lazy Teenager† by Ben Stein. It is about the decline of America through the degradation of the American educational system. If the educational system fails, than we will become no better than our ancestors in that we will have no education, and therefore people would be back to the starting block positions of hard manual labor. However, according to James Loewen’s â€Å"The Land of Opportunity,† even the educational system is slipping, stating that when he asked questions like, â€Å"why are people poor?† he got woefully inadequate responses. In both†¦show more content†¦Only one of the textbooks that were mentioned in both works talked about the three social strati, the high, the middle, and the lower classes, that actually existed in Am erica. This was vitally important to our rise as a country, because the rich provided work for the poor, and the poor made money, making it available to obtain good, quality education for themselves and their children. Their children will then use the education that they received to grasp at higher paying jobs that then starts the cycle all over again. However, this cycle has a flaw. This flaw is determination. According to Stein’s article, what caused the Kevin in 2050 to become a beggar was a lack of determination on his part and his ancestor’s part. The story tells of a student named Kevin in 1990 who has a dream about his ancestors and their journey to freedom and education and then their digression back to ignorance. The flaw was that as each Kevin was pushed harder and harder by their fathers, the sons promised to not push their sons as hard, thus leading to a drop in their son’s determination, because their sons had no one pushing them. If the sons had kept working hard, as hard as their ancestors, then they would have stayed out of poverty. If textbooks and teachers do not maintain their student’s interest, this scenario may very well happen. In â€Å"The Land of Opportunity,† Loewen brings up the importance of theShow MoreRelatedCauses Of Economic Inequality820 Words   |  4 Pages Inequality has always been a factor present in existing societies. However, as modern societies arise, economic inequality is beginning to appear more frequently. In the last two decades in the United States, many factors contributed to the increase in economic inequality compared to that of other developed countries. The most notable factors that explain the increase in economic inequality are technology, decline in manufacturing, and government policies. In recent years, technology has been expandingRead MoreThe Role Of Economic Development As Measured Through Levels1485 Words   |  6 PagesGender inequality has been and is still a problem being faced worldwide. It has inhibited the social, economical, and political growth of women in all different nations, especially third-world countries.There are various implications that change the level of inequality such as education, culture, religion, democratization of countries, years of independence, and most importantly, economic development. (Dollar Gatti, 1999). This paper is examining the role economic development as measured throughRead MoreTrade and Income Inequality693 Words   |  3 Pagesplace, living conditions and economic growth must be the ultimate goal. Trade and economic growth that does not establish a reduction in poverty can generate problems that did not exist before. If rapid growth is accomplished at the expense of misdistribution of resources, then it will create social tensions or class warfare. Rapid growth has been shown in different countries that raises gap of income inequality and raise the poverty rate. In India, the slow economic growth has been steady for aRead MoreHow Education Is A Major Factor1738 Words   |  7 PagesThe above graph shows the how education is a major factor in the variation of changes of the United States during this time frame. For the birth year, it would be the birth year of the parents of the students going to college. The percent is the percentage of students that completed college. As you can easily tell that the elite class keeps rising, while the low class barely moves. The developed country of the United States has increased the college costs for students in recent years. Higher costsRead MoreDisparity Between The Wealthy And Poor874 Words   |  4 Pagesthe rising inequality. It is no doubt that the issues which are brought by the growth inequality should be highly-regarded by the government. To be specific, there are there main challenges for the government that is produced by increasing inequality: it hinders the development of economic, it evokes political concerns, and generates the social issue. As time goes on, widening disparity between the wealthy and poor is one of the greatest challenges, and it seriously impedes economic developmentRead MoreMarxist Theory And Social Class1238 Words   |  5 PagesWestern societies, there is a social division due to stratification and classes. Strydom (2005) defines social class as group of individuals that share similarities like power and prestige. Saunders (2001) states that stratification is the presence of distinct social groups which are ranked. Therefore, the major difference is that stratification shows diversity while social classes defines an inequality. In Marxist theories, society is divided between two classes, and social stratification is the conflictRead MoreClass Inequality1062 Words   |  5 Pagesin â€Å"Classism,† class is a â€Å"relative social ranking based on income, wealth, education, status, and power,† in turn, classism is the â€Å"institutional, cultural, and individual set of practices and beliefs that assign differential values to people according to their socioeconomic class; and an economic system that creates excessive inequality and causes basic human needs to go unmet† (145). The following articles look at the relationship of classism to the social mobility and divide of classes. InRead MoreTeenage Pregnancy Is A Public Health Issue1637 Words   |  7 PagesUS females, declined by 10% from 2012 to 2013 from 29.4 to 26.5. In fact, the birth rate has been on a steady decline over the past 20 years, from 61.8 in 1991 to 26.5 in 2013. Teenage pregnancy represents both a health and social inequality in our society. Specifically, teenage childbearing is a public health issue because teenage mothers are more likely to experience negative social outcomes such as dropping out of school. This is a self-reinforcing cycle, as children of teenage mothers faceRead MoreInvestment In Education Summary730 Words   |  3 Pagesinvestment in education returns an increase in the level, quantity, and quality of human capital. Human Capital is the skills, knowledge, attributes, abilities, and experience possessed by a region or individual. Translating increased human capital into increased productivity is not direct nor immediate. There are broad macroeconomic indicators that education does contribute to productivity in that, nations with higher levels of formal schooling correlate to nations with higher levels of economic productivityRead MoreEducation Is An Important Part Of Society1690 Words   |  7 Pages Education was an important part of society. Since the Cold War and the Soviet Union’s successful launch of Sputnik in October of 1957, improvements of education was necessary. In the 1960’s, John F. Kennedy developed proposals to ensure the American education system were competitive with students all around the world. His proposals were to ensure that every race, and religion would receive a good education. However, not every child was receiving the same education opportunities based on money issues

The Impact Of Public Education On The Advancement Of Women...

The role of public education in the advancement of women’s rights and ideas within Canada is incredibly influential. Contemporary public education brings together the guidance and wisdom of instructors with the modern ideology of Canadian youth to create a hotbed of political discussion. With the guidance of a feminist teacher, a classroom can be transformed into a politically savvy force, pushing for the progression of women within Canadian society. Through my studies and volunteer activities, I have and will continue to influence generations of learners in Canada to think critically about the state of women’s rights, and to contribute to feminist progress within our society. The influence of public education within Canadian society is a major reason why I have chosen to pursue a degree in secondary education, with a major in biological sciences and a minor in visual arts. By actively speaking against socially constructed dichotomies, such as those between arts and sci ences, and between the heightened importance of men in comparison to women in society, I will influence the most radically progressive generations of learners to use their political power to push for the advancement of women within Canadian society. As a queer woman pursuing arts and sciences, I have been met with disbelief and sexist remarks due to my field of study. By succeeding and teaching in two fields historically dominated by men, I can shift the foundation of institutional sexism by empowering youngShow MoreRelatedIntroduction:. The Direct Journey Towards The Convention1552 Words   |  7 Pageson the Elimination of Discrimination against Women (CEDAW) began way back in 1963 with the United Nations General Assembly adopting the Resolution 1921((XVIII), in which it requested the Economic and Social, Council to invite the Commission on the Status of Women to prepare a draft declaration that would combine in a single international instrument standard on elimination of discrim ination against women and articulate the equal rights of men and women. The Resolution aimed to implement relevantRead MoreHuman Rights Violations to Afghan Women1492 Words   |  6 Pageslivelihood of Afghanistan women. For decades, these women have been frequent victims of abuse, despite some success by authorities in prosecuting rape cases, forced marriages and domestic violence. Child marriage, selling and buying women to settle disputes, assault and more than a dozen other acts of violence and abuse against women are a common norm in Afghan society. About 87% of women experience physical, psychological or sexual violence. Incidents of violence against women remain largely under-reportedRead MoreThe On The Gender Machinery1638 Words   |  7 PagesThe Gender machinery In response to some of the described situational GBV’s, the Ministry of Social Welfare, Gender and Children’s Affairs, is the countries national body for social welfare, gender and children’s rights for Sierra Leone. In 2007, 30 women’s rights organisations joined a demonstration against GBV. The national committee is made up of government institutions, UN agencies both national and international organisation and are against GBV. There are also established regional GBV committeesRead MoreThe Life Of Charles Dickens A Christmas Carol1062 Words   |  5 Pagessupernatural and religious beliefs, and was accurately reflected in the works of Charles Dickens, A Christmas Carol. Roles of men and women were strictly defined, as were economic statuses. The hustle and bustle of the streets led to illnesses. Working conditions were destitute and unsanitary. Children often had little to no education, unless very fortunate. New advancements in technology arose, aft er the industrialization of the United Kingdom began. As a result of Queen Victoria’s reign, a strict divisionRead MoreAn Examination of the Modernization in the American Society in Marianne Wiggins ´ Evidence of Things Unseen1198 Words   |  5 Pageschanges. (Modernization) America made three profound social changes which modernized the nation. The American government tried to improve education throughout the nation, especially focusing on rural areas. This and combined with the prosperity during the 1920s allowed science and technology to develop at a rapid pace which also had brought some downsides with them. Women were tired of not being considered equal in several aspects and started a movement. Marianne Wiggins Evidence of Things Unseen clearlyRead MoreThe Civil Rights Movement And The Movement Of The 1960s1310 Words   |  6 PagesThe  civil  rights  movement  was a well known  movement in which  the blacks are entitled to reach Civil Rights and are treated the same in all primary rights for U.S citizenshi p like possibility of employment, housing, education and right to vote. However, the beginnings of the  movement  go back to the 19th century, but it raised in the 1950s and 1960s. African American people, with accompany of particular numbers of whites, planned and led the  movement at national and local levels. They followed theirRead MoreWhy Education Is Important For Country Development Through Economic Growth, Social Development And Health Improvement1704 Words   |  7 Pages Consider the importance of education in a country s development. Education is a basic human right and a significant factor in development of children, communities and countries. No doubt that a person learn in different ways throughout his/her life. Nowadays, education has turned into a essential requirement for people to attain success in their life as well as for the improvement of their country. People are the real wealth of their country. Education can be achieved in schools, colleges andRead MoreThe National Association For The Advancement Of Colored People1627 Words   |  7 PagesNational Association for the Advancement of Colored People (NAACP) states its mission as: â€Å"The NAACP insures the political, educational, social and economic equality of minority groups and citizens; achieves equality of rights and eliminates race prejudice among the citizens of the United States; removes all barriers of racial discrimination through the democratic processes; seeks to enact and enforce federal, state, and local laws securing civil rights; inf orms the public of the adverse effects ofRead MoreA Social Perspective On The Gender Based Division Of Labor Essay1670 Words   |  7 PagesWomen in Pakistan are denied equal participation in social advancement, education, and employment. This is due to the social perspectives and practices regarding gender inequality along with the gender-based division of labor. Social position among Pakistani women differ between rural and urban regions, different social classes, and over a duration of time. Women’s rights, roles, and restrictions are shaped by different economic, political, and religious factors that will later be discussed in thisRead MoreVietnam War and American Culture1684 Words   |  7 Pagesï » ¿ Vietnam Wars Impact on American Culture Donna Whittle DeVry University Introduction to Humanities I. Introduction and Thesis Statement In the 1960’s America went through many cultural changes. Martin Luther King Jr., a civil rights activist, delivered his famous, â€Å"I have a dream† speech. African Americans were fighting for peace, freedom and equality. The United States was involved in the Vietnam War, committed to anti-communism. African Americans were deployed

An Introduction To Concept Of Financial Accounting †Free Samples

Question: Discuss about the An Introduction To Concept Of Financial Accounting. Answer: Ratio 2016 2017 Risk Grade Current ratio 1.01 1.10 Low Quick ratio 0.84 0.91 Moderate Return on Equity 0.72 0.70 High Return on Assets 0.33 0.38 Low Debt to Equity 0.49 0.22 Low Debt to Assets 0.54 0.46 Low Leverage Ratio 0.54 0.46 Low Interest Cover Ratio 8.50 10.59 Low Debt servicing cover ratio 8.50 10.59 low 30-Jun-16 30-Jun-17 $ $ Net Profit before tax 32778 35825 Potential add backs Interest 4372 3735 Depreciation 9000 7650 Amortisation 500 500 Directors' salaries 32000 35000 other non-cash items 0 0 extraordinary items 0 0 EBITDA 45872 46885 Taxation allowance 9833.4 10747.5 Available for Debt service 55705.4 57632.5 Interest Cover ratio Proposed deductible interest cost Existing Bank overdraft 324 252 CM loan 2003.04 1016.55 Total proposed interest cost 2327.04 1268.55 Proposed interest cover 19.71 36.96 Debt service cover ratio Existing overdraft 3600 2800 Existing loan repayments 12696 12696 Proposed loan repayments 12696 12696 Total commitment proposed 28992 28192 DSCR 1.92 2.04 From the above serviceability analysis, the interest cover ratio has been increased from 19.71 to 36.96. This implies that wholesale butchers has enough earnings to pay its interest cost. Increase in the ratio shows that earnings of the company has increased and also its proposed interest cost is reduced in year 2017. Similarly, DSCR has increased from 1.92 to 2.04 which is also favourable for the company and involves low risk. This means that the company has enough earnings to pay its debt. Moreover, the amount available for debt service has also increased as compare to the total commitment. Trusts Unit Trust: It is basically an organization that collects money from small investors and invest it into shares and stock on behalf of them, under a trust deed. It is a form of a collective investment. Discretionary Trust: It is a type of trust where trustees can decide about how to utilize the trust income or capital. Hybrid Trust: it covers the elements of both unit trust and discretionary trust. Discretionary Family Trust: it is a type of discretionary trust established for the purpose of holding family assets or to run a family business through trust. Trustee: a person who holds and manages the assets or property owned by a trust for the benefit of beneficiaries. Difference between various types of trust: Unit Trust Discretionary Trust Hybrid Trust Discretionary Family Trust A trust established to manage the funds of small investors. A trust where the shares hold by each beneficiary is not fixed. A combination of unit and discretionary trust. A trust formed for managing the family assets and business. The trustee is appointed by the unit holders and is obliged to work as per the trust deed. He is personally liable for the debts incurred. Under this, trustees are held responsible for the payments of income and capital to the beneficiaries. Moreover they are obliged to work according to the needs of beneficiaries and should keep a record of their decisions. A trustee has both the obligations of a unit trust and discretionary trust In a family trust, the trustees are generally the parents or a company of which they are the shareholders. They are obliged to manage their assets and conduct the trust. Examples of when a trust is used: Unit trust is used at the time of making short term investment in a property or any asset. When an individual wants to pass his or her wealth to the beneficiaries, discretionary trust are used. Hybrid trust is a combination of unit and discretionary trusts. It is used at times when tow group of individuals buy a property together. When an individual wants to start a family business through a trust, family trust is been set up. Company Legal requirements: Must have a registered office should inform to ASIC about its location. Personal details of all the directors should be provided to ASIC Keeping up to date, the financial records. At time of registration, company is required to pay a certain fees to ASIC. Inform ASIC about the changes in the business and also checking the accuracy of annual statements. Personal obligations of a director as per law is that he or she has to act in the best interest of the company, avoid conflicts between personal interest and companys interest, to protect the company from being insolvent and to perform the duties with due care and diligence. A person who is 18 years old and above and also ready to undertake the roles and responsibility of a director. In a proprietary company, at least one director is required and in public company, at least three are required. Balance sheet: It reflects the balances of all the accounts prepared by the company during a fiscal year. It represents the true and fair view of companys profitability and financial stability. Profit and loss statement: The account shows all the incomes earned and expenses incurred by a company. The net difference between these income and expenses is reported as a profit or loss in the income statement. Depreciation: it is a kind of expense charged on the life of an asset. It reduces the value of an asset over the time and also known as a method of reallocating the cost of a tangible asset over its life. Liquidity Ratio: it is a ratio calculated for measuring the liquidity of the company. It shows the ability of a company to pay its short term financial obligations with its current assets. Current Ratio: it measures the portion of companys Current assets against its current liabilities. The ideal CR is 2:1 which implies that the value of businesss current assets should be double of its current liabilities (Weil, Schipper Francis, 2013). Debt to Equity Ratio: it is one of the financial leverage ratio which shows that how much of the companys assets are been financed through debt and how much are financed through equity. Cash flow Statement: A statement which shows the outflow and inflow of cash from operating. Investing and financing activities. Asset: an item owned by a business which has its own value and is used for paying debts or legacies. Liability: A financial debt or an obligation for a company, arises during the course of its operations. Net profit: The figure is determined by deducting all the operating expenses from the total revenue earned by the business. Equity: it is simply means ownership in the business. It is an accounting difference between total liabilities and total assets. As per Australian taxation, allowable expenses are travel expenses, gifts and donations, interest, dividend, investment income, clothing expenses, home office expenses, tools and equipment and other deductions for specific industries Commercial bank bill: a bill of exchange issued by a commercial bank for helping in raising finance for the purpose of investment. For example, for purpose of financing the working capital requirements, company borrows through bank bills. Invoice or Factoring finance: it is a method for raising finance, used by the companies, in which accounts receivables of the business are sold to a third party known as factor. Chattel mortgage: It is a loan provided to the individual on a moveable property. For example, business can raise finance for purchasing a heavy machinery by giving a security interest in machinery to the seller. So in case of default, the seller can sell the machine to recover the loss. Equipment Finance: it is a loan used for purchasing or borrowing a physical asset for the business. Method of financing are Equipment loan and equipment leasing. Principle Outline of principle Creates and protect value Through continuous review of risk management process and system, agencys objective can be easily achieved. Integral part of organization processes. This principle says that, risk management must integrate with the framework of government and be a part of its planning process. A part of decision making Risk management help the decision makers in selecting appropriate option and also in identifying the priorities. Addressing uncertainty Identification of potential risk, helps the agencies to implement controls and treatment for minimising the chances of loss. Systematic, structured and timely process Risk management process should remain consistent across the agency for ensuring efficiency and reliability of the results. Transparent and inclusive. Stakeholders engagement in the risk management process implies that proper communication and transparency is there in course of identifying and analysing the risk (Australian Government. 2010). In the process of risk management, it is very necessary to categorize the various risks into a common area, as this will facilitate a structured and systematic approach in identification of the risks. Risk categorization enables the management to enhance their focus on the wider range of risks. Moreover, the managers can identify all the risk in a very systematic and consistent manner. It makes the risk assessment easier as the categories enable the meeting and interviews with the people who are familiar with a specific risk category. Categorization of the risk helps in greater controlling and monitoring the identified risk classified under same area. References Australian Government (2010). Risk Management Principles and Guidelines.Finance.gov.au. Retrieved from https://www.finance.gov.au/sites/default/files/COV_216905_Risk_Management_Fact_Sheet_FA3_23082010_0.pdf [Accessed on 26 February 2018]. Weil, R. L., Schipper, K., Francis, J. (2013).Financial accounting: an introduction to concepts, methods and uses. USA: Cengage Learning.