International Corporate Finance Article Review

South Korea and U.S. struck a deal to revive an agreement that that could drop obstruction on a wide collection of goods and services. The U.S. and South Korea negotiators broke a three year impasse over the joint agreement by reaching an agreement on a deal to steadily lower U.S. tariffs on Korean automobiles. The U.S. president is now facing a difficult final push to bring the deal into force which has to win approval from incoming legislative body in January. The deal must also win ratification by South Korean law makers. The deal gave a boost to the U.S. president’s efforts   to double U.S. exports by 2015 and to put up support with the nations   biggest international corporations .Leaders have also been worried that Mr. Obama has not been pushing hard enough to expand trade breach deals to secure new agreements. Mr. Obama said the deal would strengthen U.S. defend manufacturing jobs, create jobs, open South Korean services market and boost agricultural exports. In addition the spokesman for South Korean president said that it would reflect the interests of both countries in a balanced way. U.S. businesses that stand to advantage from a South Korea free-trade contract include financial services, manufacturers of big-ticket investment goods and agriculture. This deal is a U.S. jobs inventor. It sets the stage for a spectacular increase in U.S. exports of agricultural products, manufactured goods, and services to a self-motivated and growing Korean economy. It is said that the agreement will also create U.S. jobs and spur economic growth. To settle the deal, South Korea agreed to extra protection for U.S. auto makers, which fear losing market share to the likes of Kia Motors Corp and Hyundai Motor Co. The revised conformity allows the U.S. five years to stage out a 2.5% tariff it tax on South Korean-built cars, rather than trimming down the tariff instantly, as provided for in the original accord struck in 2007. The chief executive took a personal responsibility in the conference, pressing to uphold tariffs on imported South Korean vehicles for a decade, prior to agreeing to the five-year negotiation. The incoming chairman of the Means Committee and House Ways, pledged to help the management move long-stalled trade conformity with Panama and Colombia, with the goal of implementing outstanding issues within six months. Cars and beef were the two main issues a revised deal must concentrate on in order to win congressional support, and the two main concerns that Mr. Obama said would be attended to in the revised agreement. But representatives punted on beef in order to win Korean treaty on autos. While the agreement is also probable to expand South Koreas exports to the U.S., which summed up to about $40 billion last year, the main effect will be to lower the import costs from the U.S. The most observable change is expected to be in food, with prices expected to drop as tariffs—ranging from 40% on beef to 600% on popcorn—fall off. To conform to the U.S. trade pact, South Korean regulations covering the accounting and legal industries will have to transform to allow U.S.-based organizations to do business in the country. The conformity is likely to set off deep soul-searching in Japan, which has not been capable of striking similar deals with the Europe or U.S. due to the pressure of its powerful agricultural lobby.

The Effect Of Oxygen Deficiency On Lake Ontario - 2092 Words

Introduction Background: The focus of this research project is to identify if there is an oxygen deficiency in lake Ontario through the cause of rising phosphorus levels and effects of climate change. Measuring the dissolved oxygen levels in lakes, rivers and oceans is crucial to determine if the water quality is affecting the organisms in its ecosystem. Low dissolved oxygen levels will have an effect on the organism’s like fish and other species that require oxygen to breathe that are part of that particular ecosystem. If the dissolved oxygen is not substantial enough it can severely deplete the quality of life of the water body in which case the water body can be considered â€Å"dead†. This process is called eutrophication. The focus for†¦show more content†¦Lake Ontario is the 14th largest lake in the world with a water surface area of over 18,900 km ² [Schindler, 2008]. However it is the most polluted lake of all the five Great Lakes [Schindler, 2008]. From industrial runoff, u rbanization due to high population density around the lake as well as agriculture runoff, there are many sources of nutrient pollution around Lake Ontario. With the nutrient pollution of the lake in this case I am focusing on phosphorus concentration causing the lake to become anoxic. This can also be seen as the Eutrophication of lake Ontario due to phosphorus levels. Eutrophication occurs when there is a high concentration of phosphorus in a body of water. As a result aquatic vegetation and phytoplankton levels increase in the body of water, also known as an algal bloom [Aquafor Beech, 2005]. Then, when algae decay’s, it consumes oxygen from the water body, resulting in the body of water to become oxygen deficient. This makes the biotic components in the lake, which include fish and shellfish, difficult to survive because of the low dissolved oxygen levels making the phosphorus levels of the lake a limiting factor. Climate Change is the long-term alteration in climate of a particular location or region or for the entire planet (Shrestha, 2014). The other concept that people get confused with climate change is global warming. Global warming is an effect of climate change, it

The benefits of immigration Free Essays

Diseases like tuberculosis, malaria, leprosy and others that haven’t been present for a long time, but that doesn’t mean that are extinct or completed eradicated. Page 5 United States is facing one of the biggest problems in history, and it is terrorism. After the incident of September 1 1, 2001 the nation is fearful in some way of immigrants, because as the article said, three of the four pilots were in the country illegally. We will write a custom essay sample on The benefits of immigration or any similar topic only for you Order Now I understand the magnitude of that event, but not every illegal resident is a terrorist. Another point is that in the last years many of the terrorist that have been rrested are legal residents and have been born in the United States. So, they have to understand that they have the thread inside the country and try to manage the situation and stopped accusing the illegal immigrants of been the cause of terrorisms. They also forget that many legal immigrants are part of the Armed Forces and they are willing to serve and protect the country, even it means losing their life in combat. What really happen is that most of the people thought that terrorism is equal to illegal residents, and that isn’t true. The person who least you expect could e a terrorist and it doesn’t mean he or she is an illegal immigrant. According with the article: â€Å"†¦ we simply cannot round up and ship some 12+ million illegal aliens back to their home countries. Even if we could, children of illegal aliens who are born in the United States are, by commonly held interpretation of current law, American citizens†. It also said: â€Å"it would not be Just to punish the children for the sins of the parents so even children who were not born in the United States but have lived in the US most of their lives are, by default, Americans, at least in name†. I am totally agree with the two statements and think that it is a way to show a little respect to those who are illegally in the country. It is true that illegal immigration does have its disadvantages: greater poverty, increase in crimes, lower unskilled wage; education costs, and a few others. However, the positive benefits Page 6 of immigration outweigh the disadvantages in many ways. So, let us welcome the benefits that immigration provides to the nation. Let be open mind and accept the fact that United States is a big melting pot and each one has something to give to the nation. How to cite The benefits of immigration, Papers