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Overall the farm seems to be in a weak state. Tow main options: to sell and moving into the crisp market. There are many factors that success depends such as their finance, percentage of risks which they will face, demand of crisp and barrier to entry the market which is high because it is oligopoly market (80-83% share control by 3 largest firms).

My recommendation is that any business always face with many risks to have high profit. All of their shareholders are proud of their family business, they should move into the crisp market. However they should research about their new market clearly again because some of their information is not clear and sure. Crisp market is a oligopoly market, therefore there is a high barrier to entry. They must to have enough finance if they don’t want to have problems with their cash-flow and their loans. They will have two more workers if they want to move to crisp market. Therefore they should teach them and train another 4 workers as well. They are new in crisp market so they have to follow another competitors’ s price in first time. After customers know their brand name, they should change their price to compete with them.

Finally we got first internet from the time we came back. It is better for our education. We can start doing daily blog form now. Cheers every body ^^

How can EF make more profit?

Nowadays education is the most important of life. Billions dollars is invested in education every year. People know if they don’t have good education, they won’t have good job and good life. Many investors know it is a great investment in this credit- crunch , so they try to use that profitable.
EF is one of them, but they are the oldest and longest group opened about 40 years ago. They have a lots experiences and agencies around the world. Each year, there are thousand students apply into EF ‘s courses. They have many kinds of courses, so students can choice them easily. For example, short-time they have English , exchange student, academy, foundation,…. Long-time is A-level, IB, university,… Their schools are in around the world: Oxford, Torquay, Cambridge, New York, Boston,… and hundred agencies in places which have high demand for education.
EF was opened a long time, but on the first time they only a group help students go to UK for studying and teaches English. Nowadays, their business is going up, so they have more trades. In those trades, they just a new member. They have to do a lot things to improve and competition.
They are doing many things to people know their reputation. There are advertising, discount, scholarship, hiring good teachers, building new school and residences, having good relationship with political power where they want to invest and where they are investing. I think the most important thing they can easy make more customers is have good image with their old students. They are from around the world and they tried EF ’s teaching, so they can introduce and invite their relatives and their friends to join EF program. That is free and very good way to have more customers.
Also they can have suggestion boxes which they can know their students complaints and know what bad things are happening. However, they need to solve that problem as quick as they can or non student will believe them any more.
They also invest in internet. Most of students want to have good internet to play game or search information/ new. There are many complaint EF’s wifi is slow. They can have separate wifi which students must pay and it is strong. I think many students want to have that and 5 or 10 pounds is no problem for them.
With long time courses like IB or A-level , they should help student find a suit universities and make them believe those have future. They shouldn’t think about themselves , for example only think how to increase their income as fast as they can, they should think about their students’ future. They should have close relationship with universities to help their students who want to apply to those universities. They also eliminate bad teachers to have better education environment.
My essay maybe not enough, but it is my opinion. I hope another students can comment to help it better. Thanks

Hurbank plc

Celton has a population of 7000 and an unemployment rate of 11 %. It isn't a high rate ,but when hurbank plc moved to China, that rate would be gone up so much because they have 3 factories in there.Nowadays, there are many companies want to move their factories to China or another developed countries because they have cheap worker price and cheap materials.That is making a difficult problem to developing countries. There are a lots workers lost their jobs and reduce those countries's GDP.
80% of all emplyees is a good rate because it made them control easily.They had high pay of factory floor staff :18000£ pa.3% of labour turnover pa is a low rate. The money which they paid for worker when they closed their factories is too low. There was only 35000£ total. It was almost 2 people pa.
The rate of unemployment in the region of the new factory in china is 14%.It is a low rate in a country has over 1 billion people. The money which they pay for new labour is lower than Cellton's labours 9 times.The costs to relocate and set up is £22 million and net present value of investment is £ 5.7 million, that is a big money.They had to prepare if they wouldn't want to have a problem with their cashflow.
Their sales revenue and net profit was increased with a big number. I think they shouldn't change their factories's location.If they want to have more profit, they can cut some group of products which have low profit and increase produce their strong products.For example they can can cut theit shirt production because It have low sales revenue and high fixed costs: £15000000.
We can see when they moved to China their variable cost is decreased and fixed costs is decreased as well.It makes break -even lower .The negative thing is they must pay more costs in delivery....haiz....

Lapdesk

It is a simple produce, but it is a good a idea. It is suit for person who has to work with laptop a long time and usually move. The price is about 30 pounds, it equals small desk cost, but you can bring it to wherever you want. It is fashion and it looks like a bag when you hold on it. We can replace a small desk and hand-bag by this product.
In production, they can choose suitable material to have different price for different customers. There are many different tasty of customers so they can have a separate designer to design styles. It will make more cost ,but they will have more customer.
In selling, they can sign constract with shops and have show room to their products become popular...we can have more information by the video under...

Nowadays, oil is a big problem. All costs depend on oil price so much.If there is a changing price, it will make another product price will be changed.For example, there is a 10p increasing oil price->produce cost increase-> product price goes up.
Oil is not unlimmited. We used it a long time, it will be over in one day in future. Scientists are looking for new fuel to replace, but now they are too expensive and not popular.
Green fuels are the best fuel to repalce for oil because they don't make pollution and we have them already.Israel is a country which produce a lots oil every year.If it goes first, I think it will make another countries follow.
Anyways, it will be a growth and popular industry in future.It a good idea. Now we can think it is a adventure, but when it grow up.I will be a high profitable business...

economic homework

Evaluate the important of managing aggeregate demand to bring about a sustained reduction in the rate of unemployment in the Uk economy?

Aggeregate demand is the demand of total products and services in a economy in period time.
Unemployment is the people avaiable for working,but have no job and looking for a job.
Rate of unemployment the percentage of the labour force who are out of work.

Managing aggeregate demand is very important to reduce rate of unemployment.The changing in demand is responsive and have relationship to rate unemployment.When AD is high , that rate will be reduced.When Ad is low, that rate will be increased.

We can use monetary policy,fiscal policy or supply-side policy to control and reduce that rate:

Monetary policy: central bank and/or government decisions on the rate of interest, the money supply and the exchange rate.
-Decrease interest rate->Firms will pay less interest when they borrow->they have less risks->increase investment confidence->more investment->rise supply for labours->reduce unemployment.
-Decrease exchange rate->lower export product price->increase overseas AD->A long time increase AS->reduce unemployment.
-Raise money->More money->spend more->Increase AD->...->reduce unemployment.

Fiscal policy:the taxation and spending decisions of a government.

-Reduce income tax->more disposable income->Increase AD->...->reduce unemloyment
-reduce corporation tax->more firms profit->increase investment->rise supply for labours->reduce unemployment.
-Increase gorvernment spending->rise confidence->increase AS and AD->....->reduce unemployment.

Supply-side policies:policies designed to increase AS by improving the efficiency of labour and product markets->rise supply for labours->reduce unemployment.

70% of total UK's GDP now comes from sector->change in AD of that will affect a lots in GDP.It also means increase in government spending and improve for service will raise GDP.They can use fiscal policy because it depends on government spending.Also they should reduce their dependance on producing services.It will reduce their risks for them.....
More more more.....

business revision

1.when does promotion not involve adverstising?
-after sales service
-divrect mail
-branding
-packaging
-public relations
-personal selling
-price reduction
-sponsorship
-trade fairs
-demonstrations
-merchandising
2.why do companies have loss leaders?
Loss leaders means price less than cost.
They make it to consumers want to go to their shops for buying this product and also buy another products.
3.give 5 factors affecting demand for the product?
-taste and fashion
-income
-price of product
-substitute/complement
-advertising
6.if demand is elastic-what does this mean?
Demand is responsive
7.when exporting why might you use an agent?
-don't know their partners
-taste of consumers
-government policies
-language
8.why might it be hard for new companies to enter the market?
-market research needed
-monopoly existances/ oligopoly
-market size
-finance required

Business homework

Capacity concerns at Ice Delights:

1.Calculate the CapicityUtilisation for Ice Delights?

12000:15000*100%=80%

2.Are they currently operating below or above full capacity?

They are below capacity because his production levels just high enough to fulfil most of orders.

3.What implications are there for Ice Delights of operating at this level?

They have outdated machinery which make waste production times for waiting and repairing.It also makes him pay more fee to fix them.
Many of Bill's staff have been working for many years and good at their jobs.It makes high productivity .However, most of them have young families.They must use their times for their families more than working.For example, they have new baby.They will absent to take the baby.It makes his production have problems.He doesn't have enough time to have new worker and his capacity is below.Maybe the new worker isn't suit for this job.He has to spend time teaching them how to do their working.Another thing, his business is small and they have young famililies.They must be worried about their future,so they will give up their jobs if they find out another good pay ones.The same thing will be happened...Wasting times,lower capacity,...

4.Evaluate the options available to Bill when responding to the requests of the Directors?

I think to improve efficiency and lower cost per unit for tubs of ice cream they produce,there are many things he can do:
First of all, he can use economic of scale.It is the advantage of producting on large scale, in the form of lower long-run average cost.using it can reducce his products cost in a long times.
Second, he can buy a new machinery.In the short time, it will make his fiexd cost product raises ,but a long time it helps increasing productivity and reduce his cost.New machinery also help improving quality of product and saving raw material.He has a smalll business so buying new machinery will be a big problem for his cashflow....
Third,he should sign contact to his staffs to decrease their giving up and reduce a effect into capacity utilisation.
MORE MORE ,BUT I feel sleepy.Last night I didn't sleep...=....=

ken's blog is opened again

After a long time, I lived without laptop.I felt very tired.Everything must be started ,no more time.All of exams are coming soon, only 5 weeks left.How can I get A, it is impossible.From today, the word "daily blog" is starting....;))

Trucks set to roll on East-West highway

The first 1,500 vehicles of Vietnam, Laos and Thailand have been licensed to run on the East-West Economic Corridor (EWEC), which is expected to boost trade, investment and tourism activities in the relevant countries.

Representatives of the three countries met in the Central Highland resort city of Da Lat on February 25-26 to grant permits to 500 trucks from each country. The permits allow the vehicles to travel on the EWEC, particularly the section linking Vietnam and Laos.

The event will mark Vietnam’s first success in implementing the cross-border land transport facilitation agreement among the six countries of the Greater Mekong Sub-region (GMS), said Nguyen Van Thach, deputy director of the International Cooperation Department under the Ministry of Transport.

The GMS is comprised of Vietnam, China, Thailand, Laos, Cambodia and Myanmar.

The EWEC is an especially important corridor as it will create a channel for commodities coming from Thailand and Laos and going to Vietnam’s ports of Da Nang and Vung Ang, said Mr Thach. From there, the goods will be exported overseas. In addition, Vietnamese commodities will move to Thailand and Laos on the same channel. The EWEC is the shortest way for Thai goods to enter Vietnam and vice versa.

The 1,450km long road links the following points: Mawlamyine-Myawaddy in Myanmar, Mae Sot-Phisanulok-Khon Kaen-Kalasin-Mukdahan in Thailand, Savanakhet-Dansavanh in Laos and Lao Bao-Hue-Dong Ha-Da Nang in Vietnam.

It also intersects several north-south arterial routes: Yangon-Dawei, Chiang Mai-Bangkok, Nong Khai-Bangkok, Road 13 in Laos and Highway 1A in Vietnam.

The corridor aims to strengthen economic cooperation and facilitate trade, investment and development between Laos, Myanmar, Thailand and Vietnam; reduce transport costs and make the movement of goods and passengers more efficient; reduce poverty and support development of rural and border areas; and promote tourism.

Banks open doors wide, but few securities investors entering

Commercial banks have resumed loaning to fund securities investments, but they have not attracted many clients. Securities investors seem to be indifferent.

Banks have been pushing up loans

HDBank has announced a package of VND400bil ($23.5mil)it plans to loan to fund securities investments with securities themselves being the mortgaged assets. The VND400bil is part of a plan on disbursement for consumer credit worth VND900bil ($52.91mil). The lending interest rate is about 1.2% per month on average.

Eximbank is lending to securities investors at the interest rate of 0.833% per month only, equal to the interest rate applied to consumer loans, though funding securities investments is considered risky. Clients can borrow sums not higher than 30% of the securities’ market values.

Besides loaning to fund house and car purchases in installments, Tien Phong Bank also provides loans to fund securities investments at the interest rate of 10.5% per annum. Its clients can also borrow sums equal to 30% of securities’ market values for 12 months. However, borrowers must not have had bad debt at the bank in the previous 12 months.

Unlike previously, when banks hesitated to give loans to securities investors, they are now opening their doors wide to investors. It is because they now have profuse capital and they need to push up loaning.

However, despite the efforts by banks, loans to fund securities investments just account for a small proportion of their total outstanding loans. As the stock market has been falling, investors are hesitant to make investments with loans.

While banks have been pushing up loans, securities companies have also been trying to push up services, like repo service, to attract more investors. However, according to Nguyen Viet Hai, General Director of ACB Securities, though the capital reserved for repo service is profuse, and the repo service fee has been decreasing, it is still difficult to attract clients.

Representatives of Thang Long Securities Company (TSC) also say that the number of clients using repo service has dropped significantly since the beginning of 2009.

Analysts have said that in the current conditions, though the banks’ doors are open wide, clients will remain uninterested in loans as they will be under pressure to pay debts to banks on time while there is no sign that the market is on its way to recovery and stock prices are increasing.

Black market price for the dollar climbs

A single dollar cost as much as VND18,000 on the street on Friday.

The price represented a VND200-300 depreciation against the dollar within a day and a VND350-450 fall since Thursday morning.

Gold shops on Ha Trung and Tran Nhan Tong streets, Ha Noi, bought a single dollar at VND17,750-17,800 and sold at VND17,950-18,000.

The rate at small shops ranged from VND17,600-17,750.

In the non-deliverable-forward, or NDF, market – where investors anticipate the value of currencies – the monthly cost of the dollar was expected to rise to VND18,300 within three months – up VND700 against late last year – and VND19,200 within six months.

The dollar is expected to cost VND19,900 by December.

But the State Bank of Viet Nam reduced the daily inter-bank exchange rate by VND3 to VND16,974 on the mandated market.

Vietcombank’s buying and selling price was the same at VND17,483 and the exchange rates at commercial banks remained at the upper limit of the adjustable peg.

The Vietcombank’s rate at the end of 2008 was VND17,494 compared with VND16,025 the previous year.

Several bankers described the demand for the dollar as normal.

"Purchasing power in the domestic market is not growing and demand from enterprises to pay for imports remains limited," said Asia Commercial Bank deputy general director Nguyen Thanh Toai.

The currency, at its most volatile, had ranged between VND15,825 and VND17,495 throughout last year.

Why the high price?

So why the high price on the street?

Senior economist Le Dang Doanh believes that both business and individuals are seeking safety in the dollar.

Others believe the Government decision, announced last Friday, to issue bonds denominated in the dollar to fund key national projects and help offset the budget deficit has added to the currency’s popularity.

People believe policy makers will allow the depreciation of the domestic currency to make the bonds more attractive.

As PXP Viet Nam Asset Management’s Kevin Snowball explained: "Investors will buy bonds if the foreign currency is stronger because they’ll make money.

"They won’t buy bonds if the foreign currency is weaker because they’ll lose money."

Also gold traders, who sold to take advantage of the high international price for the precious metal, are turning their dong into the dollar because the interest banks now offer for deposits is not as attractive as several months ago.

The likelihood that the interest paid for dong deposits will fall as low inflation in Asia, including Viet Nam, allows the central bank to further reduce the interest rate also promotes the dollar.

In addition, the Harvard Kennedy School of Government and some international banks have advised a further, orderly depreciation of the dong this year to boost exports and narrow the trade deficit.

Then, as Asian stocks slide and insolvent banks face the prospect of public ownership, investors are choosing the safety of the dollar, US Treasury bonds and gold.

And many bankers agree, the Government is unlikely to intervene in the market.

Hot gold

Gold jumped slightly to VND19.67 million (US$1,130) a tael yesterday, up VND20,000 per tael against late Thursday.

The price followed the world price for the precious metal, which had reached $978.20 an ounce – up $4.80 and its highest for more than six months.

A tael equals 1.2 troy ounces.

On the Sai Gon Gold Trading Exchange in Ha Noi, gold cost VND20.47 million ($1,133) per tael.

In Ha Noi, the Phu Nhuan Jewellery Co, PNJ-DAB, the buy-sell price for gold leaf was VND19.58/19.66 million ($1,125-1,129) per tael.

At Bao Tin Minh Chau Jewellery Co (BTMC), gold traded at about VND19.54/19.62 million ($1,122-1,127) per tael while at the Sai Gon Jewellery Holding Co, it was about VND19.60/19.67 million ($1,126-1,130) per tael.

Sellers, who offered not only gold leaf but also gold jewellery, heavily outnumbered buyers in the morning and early afternoon.

Viet Nam Gold Trading Association member Tran Quoc Quynh forecast that domestic gold prices would increase during the next few days because of the international trend upward.

It could plateau at $1,050 per ounce because of the heavy demand in the US, Russia, China, Switzerland and France, he said.

blogs

Blog is a website to communicate with your friends and your family.It is not compulsory writing every day. We write entries when we have interesting.We don't care another people are talking about our entries.I just heard a good sentence from Mr.long:"Daily blog means not today!"How do you feel about that sentence? Is it true or not? I think some one will tell it is stupid but we must enjoy our life .There are a lot of interesting outside,so don't be stupid to sit in your room all day for writing daily blog...hehehe I think I will escape because tomorrow one guide will kill me,if he knows this entry =.= bye ...

I Love Living Life. I Am Happy.

I am really admire that man.He makes me love my life more=.=If you were him,could you do like him???He is a big idol of me.I can't alive if I was him...

Government units to tackle labour disputes

The Vietnamese government is stepping up efforts to address labour disputes by establishing specialised industrial relations units nationwide.

Last week, the government permitted the establishment of the Industrial Relations Centre, the first of its kind, under the Ministry of Labour, War Invalid and Social Affairs’ (Molisa) managerial umbrella. It will be run with state financial support.

Following the establishment of the Centre, city and province-based sub-centres are to follow, ensuring the Centre’s responsibilities are met and all enterprises nationwide reached.

Nguyen Manh Cuong, a Molisa senior official, who is the founder of the Industrial Relations Centre, said that industrial relations units would act as a third party, playing the role of mediator and helping to settle labour disputes arising between employers and employees.

“The units will also provide technical assistance and training in association with industrial relations if needed. They will forecast and analyse industrial relations, giving the results to government agencies and organisations, as well interested employers,” Cuong said.

The establishment of such units is among the Vietnamese government’s moves toward better resolving labour disputes, a problem that foreign investors have said hindered their business, thereby affecting the nation’s attractiveness for foreign direct investment.

Last year, Prime Minister Nguyen Tan Dung urgently asked governmental agencies and local governments of 63 cities and provinces across the nation to open regular dialogues, enhance labour policies and establish grassroots trade unions in face of rising labour strikes at foreign invested enterprises (FIEs).

Reported figures indicated that labour strikes had risen year on year, from 139 in 2003, to 147 in 2005, to 541 in 2007 and to 649 in eight months of 2008. In total, there were 2,555 strikes in Vietnam between 1995 and August of 2008, of which 72.4 per cent occurred in FIEs. Most strikes were reported in the nation’s industrial hubs of Ho Chi Minh City, Binh Duong and Dong Nai.

Reasons for strikes, many of which were unprompted, include low wages, excessive overtime hours, unpaid social insurance and lack of communication between employers and workers.

Ou Cheng Ming, vice president of the Taiwanese Electrical and Electronic Manufacturers’ Association (TEEMA), a group of 3,800 company members with giants like Foxconn and Compal, said that labour strikes in Vietnam would make Taiwanese investors reluctant to enter the country.

Meanwhile, although Vietnam has been ranked as the third most promising investment destination for Japanese investors in the next three years by the Japan Bank for International Cooperation surveys, labour-related issues like rising labour costs are raising concern about Vietnam’s investment climate.

“I have seen the Vietnamese government actively moving to address our labour problems since the middle of the year, and this is a positive signal for us to look favourably upon Vietnam,” said Ming, who received an investment certificate to build a $35 million electronic part manufacturing plant in the north of Vietnam two weeks ago.

Following the prime ministerial directive on industrial relations last year, Molisa would have to improve labour policies including those governing the payrolls of FIEs to more clearly regulate the wage levels of unskilled and skilled workers.

The Ministry of Planning and Investment would head the organisation of regular talks with foreign investors, especially employers, using Vietnamese workers in industrial and export processing zones to more quickly address the issues.

Concurrently, local governments of cities and provinces across the country must also set up labour - related taskforces.

yeah

Finally, I finished my economic homework.It is really hard working...haiz...I hope you receive that, Mr.Chris! heheheeh

Handy back-up power packAn easy-to-carry and affordable power supply for re-charging your USB gadgets! So how many times has this happened to you? Yo

An easy-to-carry and affordable power supply for re-charging your USB gadgets!

So how many times has this happened to you? You're driving down the road (or you're cruising on the boulevard or what have you) and suddenly - your cell phone dies. (Okay, it's not exactly sudden since most cell phones will give you an ample "low battery" warning, but it certainly feels sudden). This is no fun. However, if your electronic device charges via USB you might be in luck.

The Portable USB Power Supply allows you to take some USB power with you when you travel around. It plugs into any wall outlet and can simultaneously charge up to two USB devices, but it also charges its own built-in batteries. Then when you take it with you, you'll have a nice supply of USB power available to re-charge your gadget that has "suddenly" died.

• Two USB ports for power
• Plugs into wall outlet to charge the internal battery
• Prongs fold-up for easier transport
• Push button battery level indicator (Green, Yellow, Red)
• Input: 100-240VAC, 50/60 Hz, .3A max, UL Listed
• Dimensions: 4" x 1.8" x 1.2" (10 x 4.6 x 3cm)

Tired

These days, I am so tired...I was sick and I can't write blog daily.It make some one be angry but I can't type how could I write???I had headache and cold...No one know what was happen with me with out me...I am upset...I will study hard in study week to follow my classmate and not be far away them...I am concentrate ...Study week is so boring...haizz,I wanne go to school, it is more fun...=.=

Tax down triggers fall in prices

The decisions to allow deferment of tax payment and reduce value added tax (VAT) on 18 categories of commodities has prompted prices of many goods and services to fall soon after they took effect on February 1.
Many enterprises nationwide have announced prices cuts of 2-6 per cent over the last two days.Eighteen categories of commodities now enjoy a 50 per cent VAT reduction, including wholly-assembled cars and car components, engines, gear boxes, coal, basic chemicals and hotel and tourism services.Hoang Quoc Tuan, deputy director of the Dong Nai Brick and Tile Co, said that thanks to the tax reduction, tile companies would not have to spend time and money on measures to boost sales in a difficult period.
Customers would also benefit as they will not have to spend as much money to buy products, he said. The reduction of VAT from 10 to five per cent has seen the prices of four-hole bricks go down from VND1,100 to VND1,045 each. The price of ceramic tiles has decreased from VND6,800 to VND6,460 each.

headache

I don't want to stay here anymore...It's so stupid ...I am boring and disappointing with my life now.I didn't study anything and homesick so much...It makes me be headache ...I am thinking a lots ...I am enough old to know I am not suitable for studying english...No one can hear me ...They are laughing when they talk to me...I know you are good at english ,so what? I don't care ...I very hate people who call me idiot and that makes another people laugh into my face ...I was very angry ...It makes me don't want study anymore ...Home sweet home is better for me...I know It is a stupid choice but I can't do anything better than it...It is a big pressure for me ,so what?Ater a long time , I can pass through that...No problem...=.=...

Businesses couting cost of snow

1.Who will be lost:

• Insurance will be lost a lots.Many houses and cars will be damaged so they will pay so much.
• Shop and supermarket will reduce customers because no one want go out to buy products.
• Government will get less tax...Export and import will be canceled because airport and train can work.
• Firms can produce because labor can go to work.Their stocks will be full because can sell or transport their products.
• School will be lost paying salary for their teachers, but they didn't go to work.
• Children will be lost their education cause of not going to school.

Who will be earned:

• Cleaners will have more job.More people need tidy their houses after snowing.
• Deliveries will be busied cause more people don't want go out , so they need delivery to have food for living...
• Taxi have more customers because people don't want to walk and buses are too late or cancel..
• Tourist will be earned because people want to see snow and have picture with that ...They think that are wonderful...
• Families will have fun with their family members because parents can't go to work and children stay at home...
  

Vietnamese economy slowing down

It happens cause credit crunch around the world...Vietnam is a export country , so GDP essential depend on export...Customers in import countries don't want to buy anything because they lost job or income goes down ...It makes their stock full of products and no customers...They don't have enough funds to control,so they will cut their labors or close their factories...It is happening in Vietnam, a lot of factories are closed ...It must make economy go down...Bank of Vietnam is doing many thing to reduce that, but They can't control that....Especial, they cut their interest rate many times...For example ,6 month ago they cut their interest rate from 20% to 14%,now from 14% to 8.5%...They want more investment ,but it isn't effected...Only having more foreign investments, local investors don't have enough confidence investment...The real action was happened their economy growth only grew up 6.5% less than their plan...I think It also is happening around the word ...They must wait until world economy recover ,if they want their economy grow up again....OMG credit crunch...haizzz!!!How long will it end????

Scientists warn of increase in magnetic storms

The number of magnetic storms will steadily increase until 2011 with possible harm to people’s health and damage to electrical systems, warns the Geology and Physics Institute.

There will be 15-20 storms this year with an intensity of 300-400nT (nano-tesla), a unit of magnetic density.

Institute director Dr Ha Duyen Chau says the storms will not severely affect electrical distribution but capacity could be lowered when they occur.

Electricity and oil pipeline managers should monitor information so they can take preventative measures, he says.

Radio waves can also be disrupted.

“Unfortunately we can’t say for sure in which months the storms will occur and although we can predict the possibility of a storm one or two days before it happens, we can only know for sure 30 minutes before it strikes,” he explains.

The past two years have been quiet with just 10 storms per year, Dr Chau says.

The sun’s operative cycle is 11 years. The last peak was in 2001 and the next will be in 2012. At that time, about 40-50 500-600nT storms can be expected.

“We can’t exclude the possibility that it will affect Vietnam’s Vinasat-1,” he says.

“We are powerless against the storms but we can understand them and thus avoid their effects.”

People who suffer from heart disease, high blood pressure and psychological disorders should be aware of the storms and stay at home or travel by car during a magnetic storm.

Dr Chau says that, although magnetic storms do not usually markedly affect Vietnam, it has no concrete statistics about the damage they cause.

The institute has four monitoring stations-Hanoi’s Gia Lam District, Lao Cai Province’s Sapa, Da Lat in the Central Highlands and Bac Lieu in the south. Their tasks include recording the intensity, amplitude, frequency and duration of the storms.

Vietnam started to study magnetic storms in 1957 but the monitoring stations were not installed until after the 500KV national grid was functioning in 1998.

The institute’s statistics show the country had 40 magnetic storms in 2001 and 15 in 2006.

Magnetic or geomagnetic storms are a disturbance of the earth’s magnetic field associated with charged particles generated from solar flares and sunspots.

They usually last from 24 to 48 hours, but some have lasted many days. An electromagnetic storm disrupted power throughout most of Quebec, Canada, in 1989.

Vietnamese boy amazes Polish music circles

5 years old, Vietnamese boy Nguyen Viet Trung followed his sister to her music school. During the break, he curiously toyed with a piano in his sister’s class. Seven years later, the boy is astonishing the Polish music world.

Biuletvn Informacyiny, a reputed music magazine in Poland, writes about Trung as follows: “Nguyen Viet Trung, from Vietnam, is a young piano talent, who feels music by a pure and fresh soul. The talent of this 12-year-old boy can compare to outstanding last-year students of big conservatories of music, though he has been studying music for only six years”.

Twoja Muza, another famous music magazine in Poland, in its issue dated December 2008, called Trung “a Polish music star with clear piano talent. His hands move all hearts. He went on and off the stage, earning constant tremendous applause from the audience after playing an immortal work by Liszt”.

The article listed Trung’s awards: first prize at a piano contest for kids in Poland in 2003, the Golden Musical Note at an international contest in 2006 where contestants only played Mozart works, third prize in an international music contest in 2007, the grand prize for playing Chopin music for foreign children in Poland in February 2008.

In late 2008, Trung won second prize at an international piano contest in Poland. When Trung registered for the contest, the organisers were surprised and they thought Trung mistakenly registered. They couldn’t believe that a 12-year-old boy wanted to participate in a contest in which the youngest contestants were 16-17.

When Trung came out on the stage, the audience and jury were surprised to see the tiny boy who timidly approached the piano. With four difficult music works by J.S. Bach, F. Liszt, F. Chopin and J. Berkowicz, Trung passed three rounds of competition to enter the finals. On the final night, the concerto by W.A. Mozart, F-dur KV 413 played by Trung moved the hearts and the souls of listeners.

When Trung finished his part, the theatre was quiet for a moment, then tremendous applause broke out. The Vietnamese boy had to come back on stage several times to thank the audience.

I met him at a Christmas Eve party in Vietnam. Trung didn’t look like a serious music prodigy, but a mischievous Vietnamese boy.

“My mother anxiously waited for the results but I knew everything was okay,” Trung said about his latest contest.

“What do you mean?

“I went up to the jury area. The chief of the jury shook hands with me. He said nothing but I knew that it was good.”

“Why did you think that it was good?”

“If it was not good, why would he shake my hand?”

Trung was born in Hanoi. Before he could talk, he was sent to Poland because his father did business there. Several years later, his father and brother returned to Vietnam. Trung, his sister and mother stayed in Poland.

Trung came to music by chance. One day the 5-year-old boy followed his sister to the piano club of Professor Filomena Dziedzic. During the break, the curious boy touched a piano. The famous music professor heard the sound made by the boy. She asked him to do again.

Trung’s fingers innocently touched the keys but the soul from the piano astonished the experienced and famous professor. She told Trung’s mother about the boy’s special talent in music. Trung’s parents decided to send the boy to a local music school. Trung easily passed the test to enter this school.

After six years studying music, Trung has become famous in Poland, Hungary, Russia and Ukraine. He has his own album for sale.

“I live in Poland but my idol is Dang Thai Son,” Trung said.

It is expected that in the near future, Vietnam will have a second Dang Thai Son.

Trung will return to Vietnam to perform in a concert by young overseas Vietnamese music talents in Europe and Australia at the Hanoi Opera House on February 22, 2009. The concert, held by the National Vietnam Music Institute, will be conducted by bandmaster Le Phi Phi.

Ford U.S. sales plunge 40%

Ford Motor Co. said on Tuesday that its U.S. sales were 40 percent lower in January than a year ago, fleet sales 65 percent lower, and retail sales to individuals 27 percent lower.

Analysts believed that Ford's sales figures may kick off the industry's fourth straight monthly decline of more than 30 percent.

But the second largest auto manufacturer in the U.S. said that the January sales for itself and the overall industry were in line with company expectations, and that retail demand appears to be stabilizing.

Ford struggles to continue operations without federal assistance, which may reduce Ford Family's control. Ford burned 5.5 billion dollars in cash last quarter, and finished the year with cash reserves of 13.4 billion dollars, the company said last week in a statement.

Kangaroo method helps weak babies

Premature babies are now benefiting from a new and effective treatment at the National Obstetrics Hospital. To the delight of parents, the treatment means that babies born too early can develop as normally as babies carried to full term.

A doctor at Hue General Hospital gives special care to a premature infant.

Nguyen Thi Huong (not her real name), in Ninh Binh Province, who has renal failure, just gave birth to her baby after only 30 weeks of pregnancy. She said that she felt really happy knowing that her baby - weighing only 1.2kg - is doing well.

"My family didn’t think that he would be able to carry on because he was too small and weak," she said.

"But thanks to the doctors’ treatment at the hospital, he is now getting on well."

According to hospital director Nguyen Viet Tien, the hospital has invested in new and modern equipment and machines, and has applied new methods to treat premature babies.

"Many premature babies, even those who weigh only 0.7 to 0.8kg, have received proper treatment and are growing normally," said Tien.

Tran Thi Phuc, head of Obstetrics Faculty at the hospital, said that the new method applied at the hospital, called "kangaroo care", had proved effective when used on premature babies, even those born after just six months of pregnancy.

Kangaroo care is a form of skin-to-skin contact between a parent and their baby. The baby, wearing only a diaper, is held in an upright position against the parent’s bare chest. The baby is held this way for 20 minutes to four hours a day. This is called Kangaroo Care because it is similar to the way a baby kangaroo is snuggled against its mother.

The kangaroo care period is as long as a normal pregnancy, about nine months and 10 days.

Doan Thi Lan (not her real name) in Ha Dong District, who has heart disease, gave birth to her first baby at the age of 40, after only 28 weeks of pregnancy. Her son weighed only 0.9kg when he was born. He now weighs 1.4kg.

"His health is quite good now. The kangaroo method makes me feel safe when I can hold him in my arms. It’s really great," said Lan.

Doctor Phuc said that the causes of premature births are many and varied. Mothers too young or too old (14 - 15 years old or above 40 years old), or those with illnesses like heart diseases, high blood pressure and foetal infections may be likely to give birth prematurely.

Nguyen Thanh Ha, head of the Infant Faculty at the hospital, said that premature babies are usually born between the 26th and 36th week of pregnancy. These babies often suffer different kinds of health problems such as digestion difficulties, brain problems and weak senses like vision or hearing.

According to statistics supplied by the Infant Faculty of the hospital in 2008, the total number of babies born at the hospital was 19,618, with 2,507 babies born prematurely, 12.7 per cent of all pregnancies. Of the figure, 88 per cent went on to develop normally.

1.Cash-flow problems may be caused by:

• Sudden fluctuations in demand
• Debtors delaying payments
  
• Paying suppliers in advance
• An increase in credit rather than cash sales
  
• Mismanagement of variable costs such as wages labour and materials (stock level)

2.Cash flow may be improved by:

• Taking in new investors
• Borrowing
  
• Selling assets
• Increasing sales
• Debt factoring
• Improving credit control
  

Discouraged

Why I am here???It is a big question in my mind right now...Everything are so stupid ....I can't control my brain ,I hate my life right now...It is not me before ...I am looking like a puppet ,don't care anyone control me....I think I changed life style...Not is long before, now I am a empty ken :don't know anything...Now I can't face to face talk to teacher because I am shy and worried:"...."Remembering in the past ,I was always a star of class:like Mary or Dima...Look at me now:don't know anything,always be stupid in front of classmate...Only 1 word can describe that:"EMPTY"...=.=

Super-light 'Aircraft' (that also travels on land and water)

Nowadays, traffic congestion is a big problem of all governments around the world...They did many thing to reduce them,but they seem not effect....Why we don't design a kind of private aircraft which cheap price and can produce them popular...???We don't need to built more street and won't have traffic congestion...It is really a cool idea because sky is large so we can fly any where we want....
That invention is opening a new transport machines...It weights only 60 kilos and can have speed of 160 km/h in the air and 80 km/h on land...The aircraft is capable of traveling on land, water and air...We can use it travel any where we want....
The funds for produce that product is a big thing....It is too expensive...We can have a loan from the bank or borrow money from your friends or your family....We also need large factory to produce and have partner who have suitable material to produce our product...I think to find a partner have enough condition is also difficult...I think that idea only suitable for millionaire ...Anyways ,it is a good business idea ...=.=

Define

1.Economic growth: in the short run, an increase in real GDP,and in the long run,an increase in productive capacity, that is , in the maximum output that the economy can produce.
2.Unemployment: a situation where people are out of work but are willing and able to work.
3.Labour force: the people who are employed and unemloyed, that is ,those who are economically active.
4.Economically inactive: people of working age who are neither employed nor unemployed..
5.Balance of payments: a record of money flows coming in and going out of a country.
6.Elastic: responsive to change in market conditions.
7.Inflation rate: the percentage increase in the price lever over a period of time.
8.Sustainable economic growth: economic growth that can continue over time and does not endanger future generations' ability to expand productive capacity.
9.Trend growth: the expected increase in potential output over time.It is a measure of how fast the economy can grow without generating inflation.
10.Full employment: a situation where those wanting and able to work can find employment at the going wage rate.
11.Current account deficit: when more is leaving the country than entering it, as result of sales of its exports, income and current transfers from abroad being less than imports and income and current transfers going abroad.
12.Hyperinflation: an inflation rate above 50 per cent.
13.Nominal GDP: output measured in current prices and so not adjusted for inflation.
14.Labour productivity: output per worker hour.
15.Informal economy : economic activity that is not recorded or registered with the authorities in order to avoid paying tax or complying with regulations, or because the activity is illegal.
16.Economy of scale: the advantage of producing on large scale, in the form of lower long-run average cost.
17.Unemployment rate: The percentage of the labour force who are out of work.

The unemployed x 100%
________________
labour force

18.Labour force survey: a measure of unemployment based on a survey using the ILO definition of unemployment.
19.International labour organization (ILO): a member organization of the United Nations that collects statistics on labour market conditions and seeks to improve working conditions.
20.Claimant count: A measure of unemployment that includes those receiving unemployment-rated benefits.
21.Consumers prices index: a measure of changes in the price of a representative basket of consumer goods and services. Differs from the retail prices index (RPI) in methodology and coverage...

Happy surprise

I can't believe it...I got 30 marks in economic test and I am a fourth in the test equal with Sairan ...No one can't image that happened...Seriously, it's just lucky because the test is all of things which I studied 2 days ago ...It seemed geography test, so I can do it because I am good in geography...hehehe...It make me have interested for studying economic...If i can or can not move to Mr.Chris group, I don't care...That is enough to show to every people :"I am not useless and idiot"...Taking care every body, I will make more surprises...No one can disregard me ,I will study hard...Let's wait what I can do...=.=

Useless student

Today, I could not concentrate study in business class.When I was studying,I though many thing.It made me can't understand what he was talking about...Haiz...I was like I didn't be in class...When he asked me some question,I felt like i just wake up....I don't know why I was like that...I decide i won't sleep more than 7 hours per day.It will help my brain is worked better...Last night, I slept 10 hours from 3 a.m to near 1 p.m...It made me feel very tired and I didn't want to do anything...It is called "LAZY"...It 's not good ,I 'll change from tomorrow morning...I think it will be better for my studying...haiz...=.=

Calculating inflation and a price index

1.Calculating inflation:
Real GDP= nominal GDP after allowing for inflation.
The inflation rate is the rate of increase in the General price level [The cost of living].This measures using a price index
2.Calculating a price index
*Choose a base year .
*Choose a number of goods and services
To put in the "Basket of goods".[The typical things which an ordinary family buys]
*Calculate the average price of the contents of the basket.
*Average price for the base year will be expressed as the index number 100.
*Calculate data for other years and compare with the base years

we can do anything with a lots money

In the past, we heard: "money can buy anything ,but can't buy love and family"

Nowadays it is different...We can do anything...For example :just two days ago in Wilmington which is outside Los Angeles City ,California State of USA.The father who is lost job killed his wife ,5 his children and himself...Money can destroy 1 family.haizzz...

Rich people who don't need be handsome or they are urgly ,but they can have very beautiful wife or girl friend...Espeacial , some of them are very old ...Money can buy who they like...

Money also make friendship be changed...people can kill their close friend by a stupid reason: a small money ...They can change paper to loss friendship a long time...Money change people's behavior...

Now, I just can see a few people who put feeling and duty is more important than money.Such as:Kaka who don't want to move to Manchester City with big remove money:175 million Euro and big salary:15 million pounds pre year...I like him before but now his actity make me like him more...He cried when his manager and owner of AC MILAN didn't allow him to stay in AC MILAN more...Though this example, we can see the important of money with his manager and owner of club...

Anyways, nowadays we can't do anything if we don't have money.IF we have money , we are their king .If not,we are just a homeless or dog,...in their mind...HAIZ =.=

Toy Rentals For Kids

When we were children, we always required our parents for new toys...It'll be a big money ,if they buy the new one every week...Nowadays, we have a Commercial services which hire out toys,it helps reduce the money buy new toys and their parents can return them when their children become bored with them....It is a good business idea...It helps both of them have benefit:their parents don't need buy new toys with high price and can change;the firm which hire out have profit ...We don't need to have big fund with this idea...We can hire out 1 toys many times,we only clean them after our customers return them....I think we also need big store to keep our product and good washing machine,a few workers...We can find a partner who have good and cheap produce to reduce price...We must tell our customer sigh a contract and pay some deposit to make sure they will return our product or we won't lost if they don't want to return...GOOD BUSINESS IDEA...=.=

Design and make a selection of gloves for football goalkeepers

I think to make a selection of glove for football goalkeeper is difficult.We need many things to do that...Making 1 gloves for 1 need a lot of time and worker....We can't use machine ,so we must hide many workers ...It will make your price is higher than another product,but it is suitable for who want have it.Our products are handmade products so we can sell them like luxury thing..1 more thing make our products have problem is football goalkeepers usually use product of famous brand in the world...We can solve that problem by hiding a famous brand but it will make us spend a big money....Material for our product must be attach special because it is handmade product...We need a good material to produce and making sure after selling ,they won't be corrupted by mistake of producer...We can sell our product in sport shop ,but I think it is better if we advertise our products to our customers:goalkeepers.I think this business idea can be happened but it needs big fund and only famous brand can do that because they have experience and good workers ...=.=