Recent orders
The current status of the economy trends and change from previous year
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The current status of the economy trends and change from previous year
Using the real GDP growth to explain the current state of the economy we find that there was growth of the economy in the country. Immediately after the year 2010 started there was fall on real GDP growth but from then on there was constant rise on the real GDP growth until the end of the year. This indicated that the economy on the other hand was constantly growing throughout the year 2010. The results of a constant rise in GDP throughout the year 2010 are that there was a healthy and a sustainable economy since there were no trends of rise and fall but a trend of constant rise which meant there was a smooth economic growth throughout the year 2010.
Using the consumer price index to as we find out that there is economic growth remains dormant since there was no change in consumer price index between end of the year 2010 and the beginning of the year 2011. This was also observed at the mid year of 2010 and that the consumer price index has a propensity of dormancy. The dormant consumer price index indicates that there was no economic growth nor was economic decline. There were no trends of rise and fall consumer price index between the end of the year 2010 and the start of the year 2011. Instead there was dormant trend which indicted a dormant economy whose result is an unhealthy economy. The economy in this case simply is unhealthy because it shows no efforts towards steering the economy. The dormancy in demand for goods further indicates that the other factors and indicators of the economy such as production rate may be affected as there are no people to buy the goods. The increased consumer demand for good always leads to increase in the production as firms produce more to meet this demand. Thus for the for a healthy economy measure that would see to it that would see to it that the consumer index price increase were necessary.
The current status of the economy by using industrial production would be an indication of decline in economic growth since there was a decline in the percentage of the industrial production being realized between the end of the year 2010 and the beginning of 2011. However this indicator is not always true. At the end of the year comes with a lot of holidays that lead to consumer demand of goods and increased production. At the beginning of the year most people are back to work and many companies are only undertaking on the strategies and plans of the following year so there might not be a lot of good being manufactured at this period. This accounted for the trend where there was a big rise in the industrial production and then ether was huge fall in the industrial production as the year ended. In this case the economy is very unhealthy but it is an excepted seasonal change and so many companies and even the government are always prepared.
Using ten year treasury interest rates as indicators the current status of the economy shows a decline in economic growth as there was a rise in the interest rates which lead to lower levels of investment leading to decline in economic growth. When people are charged high interest rates on the loans they tend to not to go for loans as capital for putting up business. This means that there will be less people investing and thus a decline in the economy. In this case the interest rate was increasing from the year 2010 and went on rising to the year 2011 showing a smooth trend of fall. This was an indication of the constant decline economy and thus an unhealthy economy. When the 3 months treasury interest rate is used the current status of the economy is constant as there was no increase or decrease of the interest rate that was realized. This dormant trend also shows the economy is unhealthy and that a dire action to steer it need to be put in place. An example is through fiscal policies that would reduce the interest rate.
The Non- Farm Payrolls indicates a growth in the current status of the economy. There was a rise in the non- farm payrolls which indicated that there were more people employed and thus increase in the growth of the economy. There change from the previous year to the New Year showed a decline in the non farm payrolls but it was followed by an immediate increase as the year got older. Thus there was a trend of rise and fall but the fall that the there was an immediate increase to the current status after the fall it indicated a healthy economy which was growing. The rise in the pay roll has to remain high so that the economy remains healthy by seeing to it that people are in employment places and are earning a living.
Using the unemployment rate there was growth in the current status of the economy as indicated by the decline of unemployment rate. The change from the previous year showed a constant decline of the unemployment rate which indicated that the economy was healthy and on a constant trend of growth. Measures that would see to it that more job opportunities need to be put in place to maintain the healthy economy. For example the interest rate could be reduced to ensure that more people take loans and invest. This way they offer employment opportunities that give people an income and cause a rise in demand for the good.
How the economy is doing
Looking at all the indications the various indicators have given, it is possible to tell how the economy of country was doing. Three out of the six indicators showed that there was a growth of the economy. These were the unemployment rate, change in non-farm payrolls and the real GDP growth. One of the six indicators, the consumer price index, showed that the economy was dormant while the other two which were the industrial production and the interest rates indicated a decline in the economy. There were more indicators of growth of the economy than decline that thus from this perspective the economy was growing and healthy. Of the only two indicators of decline , it is not always true that decline in industrial production will always mean a decline in the growth of the economy and this further testifies to the fact that the economy is at the current state is growing.
The indicators that show growth are not only more in number but they are also very important. For example the here is the decreased unemployment rate and the increased payrolls which would mean that are large number of people are earning and that they working productively in the economy. When people are employed and are earning it means that they are in a position to buy goods and service since they have the money. This in one way indicates that the demand for goods may arise as a result of increased payroll and decreased unemployment rate. The vice verse that there is a decrease in the payroll and increase in unemployment may mean that there will be less demand for goods as people are not employed and have no source of income implying that they have no money to purchase the products. This means that there will be less demand for goods. This makes the two indicators that indicate growth very important as they may counter the effect of the decline in that economy that result from the decline in the consumer demand for goods.
Predicating the economy in a years time
Where at the current state there is economic growth as indicated by the three indicators, it is unlikely that the growth of the economy would rise at the end of the following year. Thus the economic growth is likely to decline at the same time the following year. This is because of the interdependence of the indicators that exists and controls the economy. If all the six indicators are not indicating a growth in the economy it means that if a regulation is not put in place the most likely thing to happen is decline in the economy despite the existence of a prior growth. I our case it is notable that the there was dormant consumer price index which is likely to affect even the growth being realized through the other indicators after a short period of time. This is because the increased demand is supposed to cause the GDP to increase while causing prices to go up and. This in turn is supposed to cause companies increase the amount of good s they produce so as to meant the demand of the good. To increase the production the companies and firms will need to hire more laborers for the job. This way the payroll is increased at the same time the rate of unemployment goes down. The increased demand for good may necessitate the increase in the demand for loans so that people may be able to acquire the goods. This in turn leads to increased interest rates. Thus the fact that the consumer price index is dormant is likely to affect the other economic indicators so negatively so that the economy is going to decline. Economic decline comes about when the there is a reduction in demand for goods and services which reduce the rate of production. When firms of have decreased rate of production they will reduce the number of worker maybe through retrenchment programs and thus decreasing the payroll and increasing the production rate. The reduce demand for good will also lead to less borrowing of loans as there aren’t many people will to purchase goods. This will lead to decreased interest rates for loans. The decreased demand for goods as may be seen to positively affect the interest rates whereby it causes decrease I the interest rate and causes more people to come up with investment and create employment but people are not likely to invest when there are no people to use their products as the demands for the consumer goods low. If the government fiscal policies don’t succeed in elimination of the declining consumer demand for goods the whole economy might as reel backwards. It is only when a balance is strike effectively in all the economic indicators that a constant growth in the economy may be realized. If this balance is not achieved then there arises a trend of rise and fall that make the economy unhealthy and unpredictable.
References
Cliff, M. (2003). Economic indicators. United states. Looseleaf Law Publications.
McCollum, B. (2002) Increased employment rate and economic growth. United states. DIANE Publishing
White, J. (2006). The US fiscal policies in regulating the economy, 5th ED. Belmont. Thomson-Wadsworth
Funding body profiles
Funding body profiles
ARCH8015 Module 1 Assessment Task – Funding body profiles
1. Name of the funding body: The Isolated Children’s Parents’ Association of Australia (ICPA)
URL (website address) An explanation of where their money comes from A list of what types of activities / items they will provide money for How much money will they award? A list of who is eligible to apply A list of who is ineligible to apply
http://www.icpa.com.au/ ICPA is funded by the government of Australia, (ICPA, 2011) Distance education
Hostels for boarding schools
Travel
Early childhood education
Rural and remote education
Specific learning needs such as learning disabilities and difficulties
Tertiary education
(ICPA, 2009, p. 10)
The amount of money awarded subject to the activity in question. For example, boarding allowance is set at 55% of average boarding fee in Australia. However, additional allowances may be given but which are subject to tests.
(ICPA, 2009, p. 10)
Individual students and citizens
Families
schools
(ICPA, 2011) Those who do not qualify as Australian citizens
Charities
Councils
Groups
Agencies
(ICPA, 2011).
A brief summary of their objectives or aims in providing funding
ICPA is a political and non-profit making independent body established in Australia which is dedicated to ensure that all students from rural and remote areas have equity access to appropriate and continuing education, (ICPA, 2011). This body seeks to ensure that the federal government continually gives adequate funding to students and schools from disadvantaged regions on an equitable basis. In addition, aims at assisting students from rural and remote areas have access to educational opportunities that are at least equivalent to those available to urban students.
As stipulated under ICPA policies and objectives (2009, p. 2), ICPA aims to ensure that children and families are able to reach their individual optimal educational potential through special education, school term hostels, country area programmes, distance education, education allowances, travel boarding schools and others. In short, the aim of ICPA is to ensure that all elements of education including cultural experiences, social contacts and other enriching activities are available to all children irrespective of their home location, (ICPA, 2009, p. 15)
A brief description of at least three projects they have funded in the past
Project 1: ICPA has been undertaking a project known as Country Areas Programme (CAP) that seeks to ensure that federal government adequately funds students and schools from disadvantaged geographic regions, (ICPA, 2009, p.4).
Project 2: Through a project called early childhood education and care, ICPA seeks to ensure that an appropriate and affordable range of early childhood programmes are available to provide support to children and parents who live in rural and remote areas, (ICPA, 2009, p.3).
Project 3: ICPA ensures the provision of suitable government allowances to students in rural and remote areas, (ICPA, 2009, p.5). Such allowances assist in compensating families and their children for additional costs incurred in their education.
Any other relevant information
Not Applicable.
2. Name of the funding body: Social Enterprise Development and Investment Funds (SEDIF)
URL (website address) An explanation of where their money comes from A list of what types of activities / items they will provide money for How much money will they award? A list of who is eligible to apply A list of who is ineligible to apply
http://www.socialinclusion.gov.au/Initiatives/Pages/SupSocEnterprise.aspx/ SEDIF is a grant provided by the government of Australia.
(SEDIF guidelines, 2010, p1). Short training and employment opportunities for the most economically challenged
Providing pathways to employment, skills acquisition and work experience to disadvantaged job seekers
Viable Investments
(SEDIF guidelines, 2010, p6).
The amount of money awarded depends on business investment being supported.
(SEDIF guidelines, 2010, p6).
registered groups with all required legal qualifications
(SEF, 2010).
Non-residents of Australia
Natural persons
Trusts where the trustee is a natural person
individuals
(SEF, 2010).
A brief summary of their objectives or aims in providing funding
SEDIF are funds that were established by the government of Australia on July 2010 (SEDIF guidelines, 2010, p4). The principal objective of SEDIF is to establish several investment funds aimed at generating social impact investment in addition to financial return and increase capital for social enterprises in Australia through capacity building. In addition, SEDIF aims at providing catalyst for market development, enhance capacity building for social enterprises, and remove barriers existing to social impact investment and access to capital.
According to SEDIF guidelines, (2010, p5), the funding is meant to achieve a cultural and practical shift from traditional grant making and government funding towards other approaches that can improve access to capital for social reasons . In that respect, SEDIF seeks way to add more investments in a more sustainable way that will help to address social and environmental challenges in greater scale. Basically, SEDIF aims at laying long-term investments in areas of priority for social impact.
A brief description of at least three projects they have funded in the past
Project 1: In September 2010, the government of Australia opened the inaugural Social Business Australia lecture -Investing in Alternative Economic Futures. This project which was funded by SEDIF was meant to give voice to the many businesses such as co-operatives, mutual and social forums that are thriving in the economy. (Social Enterprise Forum held on 5th, Nov, 2010)
Project 2: In August 2010, the government of Australia launched a project called Financing Social Enterprise: understanding needs and realities to oversee the viability and sustainability of social enterprise organizations, (SEF, 2010). This project was funded under SEDIF
Project 3: In November 2010 $1 million professional partnership project in partnership with four other professional services firms was unveiled by the government of Australia and funded under SEDIF. The aim of the project was to providing support inform of consultancy services, including expert technical and business advice and particularly focusing on social enterprises funded through jobs fund. (SEF, 2010)
Any other relevant information
Not applicable.
Name of the funding body: National Research Foundation (NRF)
URL (website address) An explanation of where their money comes from A list of what types of activities / items they will provide money for How much money will they award? A list of who is eligible to apply A list of who is ineligible to apply
http://www.nrf.ac.za NRF gets support from south African government and incomes from other investments.
(NRF-RISA, 2010, p. 5). High quality researches
Internship programs to university graduates
Scholarships and fellowships
(NRF-RISA, 2010, p. 14)
Interns receive between R 5,445 and R 7,260 depending on level of qualification
Researches are awarded R100,000
(NRF-RISA, 2010, p. 5) Individuals
Groups
Co-operates
Research institutions
(NAF, 2011) Non-citizens of south Africa
(NAF, 2011)
A brief summary of their objectives or aims in providing funding
NRF is an independent government agency of South Africa that promotes and supports research in all fields of knowledge. This body also conducts research and provides access to national research facilities. The main objectives of NRF is to support and promote research through funding human capacity development and to provide the necessary research facilities in order to encourage creation of knowledge, innovation and development in all fields of social and naturals sciences, humanities and technology as well as indigenous knowledge systems, (NRF 2010).
As stipulated in NRF’s vision, this body aims at enhancing research excellence within transformed workforce that lead to sustainable environment to both the present and future generations of South Africans, (NRF-RISA, 2010, p. 3). In addition, NRF focuses on effecting a rapid transformation of demographic composition of emerging researchers with respect to gender, race and persons with disabilities. Fundamentally, the objective of this foundation is to stimulate, promote, support and protect research as well as backing of human resources development.
A brief description of at least three projects they have funded in the past
Project 1: On 01- 06 -2010, NRF called for applications for bursaries available to those who want to undertake national diploma, undergraduate and postgraduates in South Africa, (NAF, 2010)
Project 2: Since the year 2000 onwards, NRF unveiled a collection of database called the NEXUS database system covering research information for all scientific disciplines. The project provides funding to current and completed research projects including masters and doctoral studies since 1900 onwards, professional associations as well as conferences website, (NAF, 2010)
Project 3: NRF put up a project in the year 2003 called National Astrophysics and Space Science Program (NASSP) to support research and postgraduate profile of institutions in South Africa and enhance transformation in physical sciences. The aim of the project was to produce scientists with broad based skills useful in industry as well as for research in astronomy, astrophysics and space science, (NAF, 2010).
Any other relevant information
The funding decisions of this organization are guided by achievability, quality of proposals, and disability of the applicant and based on preferential funding model.
References
The Isolated Children’s Parents’ Association of Australia (ICPA), (2011), Working together for equity of access to education
for all students who live in rural and remote Australia
Retrieved from http://www.icpa.com.au/
The Isolated Children’s Parents’ Association of Australia (ICPA), (2009), Policies,
Available from www.icpa.com.au/documents/…policy/federal-icpa-policies-booklet.pdf
National Research foundation (NAF) 2010, NRF Performance Overview,
Available from, http://www.nrf.ac.za
National Research foundation (NAF)/ Research Innovation Support and Advancement (RISA) (2010), improving academic qualifications of
academic staff and researchers,
Available from http://www.nrf.ac.za/about_structure.php
National Research foundation (NAF) (2011), Call for applications 2011,
Available from http://ic.daad.de/johannesburg/tmp/NRF/DAAD-NRF%20Scholarship%20Call%202011_FINAL.pdf
Social Enterprise Development and Investment Funds (SEDIF) guidelines, (2040), Grant Program Guidelines
Available from http://www.deewr.gov.au/Documents/SEDIFGuidelines.pdf
Social Enterprise Forum (SEF) (5th, Nov, 2010), Capability and opportunity to engage,
Available from http://www.socialinclusion.gov.au/Initiatives/Pages/SupSocEnterprise.aspx
Polly Parakeet
Polly Parakeet
Student
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Course Number and Name
Tutor
Date
Polly Parakeet
Part I
Polly Parakeet could employ a number of strategies to persuade the council members to vote against the pink water bottle company. One of the strategies is to be clear and concise in her presentation with the board. Polly should make her presentation by including some anecdotes to make the council members nostalgic of the years before when it was a regular laid back rural community. She should highlight some of the significance of keeping the mining company at bay. She should avoid coming off as one of the newly settled former city dwellers that does not care about the rural community. Polly should remind the council men that she is one of them and that putting up the mining company would transform the rural community to look like one of the many city suburbs. She should paint herself as one of the original dwellers of the area to gain their support.
Part II
Image 1: Proposed Facebook Poster
Sourced from: https://mg.co.za/article/2018-05-08-how-to-ensure-communities-living-near-mining-activities-get-a-better-deal/
This poster shared shows how mining and the equipment that accompanies it can destroy a natural scenery and view such as the sunset that we take for granted. The large mining equipment is just one of the many eyesores that come with mining. They will dot the entire community and we will have to say goodbye to our previously idyllic and enviable way of life. If the equipment does not get in your way then the brown and gold dust will do. It will linger in the atmosphere and make the previously blue clear skies get a new shade of brown and gold. We need to say no to any form of mining in our community.
Image 2: Proposed Instagram Poster
Sourced from: https://www.change.org/p/department-of-environment-and-natural-resources-illegal-mining
Mining does not automatically translate to better life for the community. The few benefits that it brings to the community in the form of employment, and more taxes to the local council and government do not match the drawbacks that accompany them. Mining could be equated to death of the community and people who live in the community. There is the issue of pollution and the toxic waste that will find its way into our farmlands and waterways. The whole council and other elected representatives should say no to mining and yes to life. Anyone that supports mining directly supports the death of our community.
Image 3: Proposed Twitter Poster
Souced From: https://www.shutterstock.com/search/illegal+mining
This sign should be placed at the entrance of our community to warn any businesses and corporations that we are not open for business. This should be a symbol of our resistance and our zeal to protect what our forefathers built and protected. It should show that we are willing to ignore financial incentives to ensure that our grand children grow up in an idyllic and clean community free from big-city ills like noise and environmental pollution. We should be a people that value the environment rather than the few corporate dollars that are thrown around to silence patriots that defend the environment.
Image 4: Proposed Fourth Poster
Sourced from: https://www.zinnedproject.org/materials/last-mountain
If we are not careful this cover page would be an accurate description of our once beautiful rural community. Mining leaves gaping sores on the earth that tells a sad story of environmental rape and unsustainable exploitation. The beautiful landscapes would be no more as the mining machinery would mercilessly tear down the hills and forests in their desperate quest to access minerals that have been assigned more value than human beings and the environment. If we give a go-ahead to the mining company then we should not forget to take pictures of our landscape and the beautiful hills. These will be used as reference points when narrating to our grandchildren and their friends how we let a few dollars blind us to sell our invaluable beauty and landscape.
Rationale explaining why the accompanying text has been used
The accompanying text has been used to explain to the social media users the significance of retaining and preserving our environment. The images on their own could be open to different interpretations that may not be properly internalized by all the people who encounter them. The accompanying text makes sure that the message hits home and there is no room for misinterpretation. Except the last image, all the other ones have been devoid of text explaining their purpose. They have mostly been blank images that are open to any form of interpretation. For example, the first image that is designated to be used on Face book, it has a mining rig standing within a beautiful sunset. Without the accompanying words, supporters of mining in the community may use the same image to show that any form of mining or mining equipment installed in the community could still be part of the landscape.
The words accompanying the image designated for Instagram act as a supplement piece of information. This is because the poster is fairly easy to understand. The green parts show what is good for the environment while the bland brown parts show what is harmful for the environment. The words were designed to act as a shock value to the message included in the image. The choice of words including the phrase ‘death for the community’ would startle any person that holds the community dear and make him have a negative attitude towards any form of mining proposals thrown their way. It would help them to see through any public relations exercises that the mining company may employ to win support. The image that is designated for twitter is easy to understand, it only shows a stop to mining. It is a simple symbol that allows its supporters to print them on shirts or make it trend on Twitter to reach many people.
References
Haney, B., Bingham, C., & Grunebaum, E. (2021). The Last Mountain. Zinn Education Project.
Available at https://www.zinnedproject.org/materials/last-mountain
Harvey, R. (2018). How to ensure communities living near mining activities get a better deal.
Mail & Guardian. Available at https://mg.co.za/article/2018-05-08-how-to-ensure-communities-living-near-mining-activities-get-a-better-deal/
Jaime, K. (2021). Illegal Mining. Change.org. Available at
https://www.change.org/p/department-of-environment-and-natural-resources-illegal-mining
Shutterstock. (n.d). Illegal mining images. Available at
https://www.shutterstock.com/search/illegal+mining