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It all started in the summer of 2007 when a crisis hit the U.S., and because of the huge government interventions that were made, the U.S. and most European countries got into a recession. The EU crisis was also caused by big debts made mostly in Spain and Italy, before 2008. The private sectors (companies and mortgage borrowers) who were taking out loans were the main reason for this crisis. There was a decrease in the interests rates in southern European countries when they joined the euro and that resulted and caused the countries to go into a huge debt. This had negative effects on the financial markets, a slowing down of the economic growth in the industrialized countries, and impacted the European labor markets. After the Second World War the unemployment rates in Europe were already low, and with the crisis the percentage of the unemployment rates just increased in the following years. All of this was due to different problems and occurrences that they were facing such as; the two oil price shocks, the decrease in the production growth, the disinflationary policy of many Central Banks, and so on. This recession resulted in very high unemployment, and the increase in unemployment during that period was made by using some internal measures (such as flexible working time arrangements, temporary closures, etc.) but the unemployment was not equally shared between the different groups of people (the largest differences occurred due to the sex, education, age, etc.) but at the end these measures only delayed the process of significant labor unemployment, it didn’t help the situation go back to how it used to be before the crisis. The labor force of a population is involved with the people who are employed and unemployed. The Inte... ... face many problems, the European labor market was affected by this crisis as well, and there were many other problems that were faced during this hard period. The EU’s plans for the future are to minimize the job losses and prevent unemployment, improve job creation, and to recover the economy in a full and stable way. In order for them to make this happen and in order for them to improve and develop the flexibility of the labor market and in order to raise the labor supply, they made some cuts in the income taxes, improved the access to non-standard forms of work, redirected the active labor market policies, and similar activities like these were made. But even though the EU crisis has influenced the European labor market and has created many problems and struggles with unemployment, in the past couple of years they managed to increase the unemployment rate by 2%.

Magnanimous Pharash

The Magnanimous Pharaoh Forever Lives in Me On the morning I was making plans for my summer break, I got a package from home in about a 6 inch 4 mail box. I ran to my room in excitement to unwrap my new gift. Surprisingly, I saw a blue and white hardcover textbook. I sighed in disappointment it was the Kaplan textbook I had to study for my SAT exams. At night, when I was about starting to read I was so uninterested and disturbed that I started flipping through pages. Not long after, I felt dizzy and went to bed.That night, I had a dream, I saw myself in a completely new lifestyle, attitude, behavior and most of my rinds had same transformation as mine. I wonder how this rarely believed dream came true and made me a wonderful young man I am. Every morning in my brick hostel, in my clean and small room at the four walls of Immaculate High School on the outskirt of Kirkwood in Lagos, Nigeria. Before I hear the six loud bells of the tower when the sun ray penetrates my window, there's a knock on my door. I hear a shrill and high pitched voice say, Get up! Get up! A slender man in his daily stripped khaki pants with a glass of cold water stands tall over me. I suspect the glass of water could e used to drench my shirt rather than quench my thirst if I fail to wake. This is Pharaoh, 45 years old, house helper, sweeper, caretaker, and the only person to know where I keep my letters from my girlfriend. He was Just a man all students believed was either a high school dropout or a douche that had no word of encouragement or could be of influence and importance. He is like a precise robot programmed to keep my life and that of the other seventy other boys in my boarding house in order.For five years, I saw him every day cleaning and washing. It is a mystery to me how someone who lives such a mundane life sill greets me with a flash f his 31 teeth overtime I cross his path. Growing up, I never felt respect and I was not ready to give it back, my disregard about life didn't make me see the exigency of being a benevolence to people and life my tender mind was only bothered about the positive aspects of life having fun, hanging out with friend, play video games, and surfing the internet were my priorities.I was not ready to be pestered by the negativity of life all I wanted was pleasure, I felt no remorse about being rude and disobedient I thought money could solve every difficulty and problem. I ponder recurrently to know what the cause is. Was it my parents? Should I have not be nurtured as a rich kid while growing, or was I influenced by school mates. I thought of all this in my early teenage years. I wonder how a minor incident could be of transformation and totally put a stop to my way of living in my early teenage years.Few months before spring break, I had a terrible night tossing and turning before my SAT exam. Words swam in my head as I pondered the difference between allusion, illusion, and elision. The next morning Pharaoh looked more tense t han surprised to see me awake. He asked me much like my mother would, â€Å"What happened? Why do you look so worried? Has the sun risen from the West? On filling him on my war with words, he smiled and assured all would be fine. It was the first time I heard him speak, and it was a revelation. I didn't realize that this man was more than Just a â€Å"come and go' machine.The fact that he empathetic with me like my mother convinced me that he was going to influence my life for the better and make great amends to my way of living. That afternoon when he came to clean my hostel room, I inserted a #100 naira note into his hand and requested him to get a packet of chips. He frowned and frowned even more. I snatched back the note and ran to the dining hall for a barely edible breakfast. I felt bad for having crossed the line. I should have respected the school rules, I wished that he would not complain about my transgression.To my astonishment, that afternoon, I saw not one but two pac kets of chips lying neatly on the pillow. He grimaced, displaced his 31 teeth, and walked out of the room. I was taken aback, I couldn't believe that a man with a large family to support and a meager income to do it with had generosity to fulfill my petty temptation. Many chips later, I realized that he didn't grudge me the chips; he was simply against taking money from me. He found Joy in giving and he had great pride in himself. Secretly, I envied him.For he had found the contentment most people spend their live chasing. I envied him because he smiled all through the day. I learned from his example, that there are some things money can't buy. Contentment and generosity are Just two of them. Pharaoh may not be a Mahatma Gandhi or a Nelson Mandela that might have influenced a lot of people due to their reputable positions, and encouraging lifestyle, but Pharaoh lifestyle as an average living Man though he wasn't educated, rich or popular but he was till generous with the little he h ad and was contented with what he had left.He was able to influence the life's of other teenage boys in my high school dormitory through his simplicity and humility and made remarkable changes in our lives, my parents were happy to see the new me and lauded him for being a great influence to my life and that of my school mates. Pharaoh may not have the ability to do great things, but I saw the greatness to have the ability to do small things in him.

Calculation of Financial Ratios for Google - 1550 Words

The company that I have selected for Financial Ratio analysis is GOOGLE. The Ratios that I am going to analyze are grouped under four main headings: 1) Profitability Ratio 2) Liquidity Ratio 3) Debt Ratio 4) Market Ratio 1. Profitability Ratio - Profitability ratios measure the firm s use of its assets and control of its expenses to generate an acceptable rate of return. a. ROE - Return On Equity - Measures the rate of return on the ownership interest (shareholders equity) of the common stock owners. ROE is viewed as one of the most important financial ratios. It measures a firm s efficiency at generating profits from every dollar of net assets (assets minus liabilities), and shows how well a company uses investment dollars to†¦show more content†¦1a. PROFITABILITY RATIOS RETURN ON EQUITY (ROE) = Net Income / Equity 2002 (millions) 2003 (millions) 2004 (millions) 2005 (millions) 2006 (millions) 2007 (millions) NET INCOME $ 99.66 $ 105.65 $ 399.12 $ 1,465.40 $ 3,077.45 $ 4,203.72 EQUITY $ 187.82 $ 602.64 $ 2,929.06 $ 9,418.96 $ 17,039.84 $ 22,689.68 ROE 53% 17.5% 13.6% 15.5% 18.1% 18.5% Data Source: http://finance.google.com/finance?fstype=iiq=NASDAQ:GOOG / http://investor.google.com/fin_dataXXXX.html (Where XXXX = Year i.e 2003; 2004 etc. The data is available from 2003 onwards) Balance Sheet Income Statement. For the Financial Statement file attached with the assignment, click on the annual data and then on either Balance Sheet; Income Statement or Cash Flow to see the data. 1b. PROFITABILITY RATIOS RETURN ON INVESTMENT (ROI) = Net Income / Total Assets 2002 (millions) 2003 (millions) 2004 (millions) 2005 (millions) 2006 (millions) 2007 (millions) NET INCOME $ 99.66 $ 105.65 $ 399.12 $ 1,465.40 $ 3,077.45 $ 4,203.72 TOTAL ASSETS $ 286.89 $ 871.46 $ 3,313.35 $ 10,271.81 $ 18,473.35 $ 25,335.81 ROI 34.7% 12.1% 12% 14.3% 16.7% 16.6% Data Source: http://finance.google.com/finance?fstype=iiq=NASDAQ:GOOG / http://investor.google.com/fin_dataXXXX.html (Where XXXX = Year i.e 2003; 2004 etc. The data is available from 2003 onwards) Balance Sheet Income Statement. For the Financial Statement file attached withShow MoreRelatedFinancial Ratios Of Pepsico Inc Essay868 Words   |  4 PagesThe calculation of ratios is the calculation technique for analyzing a company’s financial performance that divides or standardize one accounting measure by another economically relevant measure. 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