Posts Tagged ‘Eagle Ridge Gm’

Communication system

Sunday, February 6th, 2011


Think of the post office system and telephone system over which all these people communicated. This is of course only the most superficial sketch of what was involved. Quite exact calculations had to be made of just how many copies of the book, and how much paper, steel, chemicals, and other products had to be produced; how much they should cost; how they should be made; when they should be delivered; and so on. All of this had to be done without any single person or institution controlling the vast, integrated productive process. In fact, there was not even direct personal acquaintance or communication among the vast majority of the people who were involved in working together so that this could be published and put into your hands.

How in fact was this fantastic project organized and carried through so efficiently?

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Credit Cards

Saturday, January 29th, 2011


A relatively new form of interbank cooperation is the bank credit card. Visa and Master Card are the most commonly used credit cards in Canada and each is run by a group of chartered banks. The card permits the holder to charge purchases of goods and services. The participating banks promptly pay the merchants and bill the credit card holder, who has the option of paying at once or paying later at the cost of a prespecified  rate of interest. Banks find this highly profitable, because it provides “instant” loans with a small amount of paperwork and a high rate of interest – typically 18-20 percent per year.

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  • Paying off Debt in 9 Steps pt 1 Throwing away your bills and shredding your credit card payment reminders simply is not going to make the problem go away. Debt is going to hover over you until you find a way to deal with it. Interest will continue...
  • How Do Credit Cards Work? Credit cards were created out of a situation that many have previously encountered. Frank McNamara was out taking a couple colleagues out for dinner in 1949 and, when he went to pay, to his dismay found that he had no...
  • Calculating Interest On Loans   My father was gracious enough to use his Home Equity Line of Credit to pay my 6.8% student loan, and instead let me pay him for his variable HELOC loan, which currently sits at 2.4%. We decided that I...
  • Negotiate with Credit Card Companies Handling credit cards is can be difficult unless you have a plan.  With some planning and preparation, you can be on top of your credit card and finances. For many college graduates, getting out of credit card debt is your...


Summary

Friday, January 21st, 2011


  1. Traditionally in economics, money has referred to any generally accepted medium of exchange. A number of functions of money may, however, be distinguished – the major ones are a medium of exchange, a store of value, and a unit of account.
  2. Money arose because of the inconvenience of barter and developed in stages from precious metal, to metal coinage, to paper money fractionally backed by precious metals, to fiat money, and to deposit money. Societies have shown great sophistication in developing monetary instruments to meet their needs.
  3. Today there is debate about what constitutes money. Concentrating on the medium-of-exchange functions, money is restricted to notes, coins, and deposits subject to transfer by cheque. It is difficult, however, to separate the medium-of-change function from the function of providing a temporary store of purchasing power between the selling and the buying of goods. Any readily salable asset that has a secure capital value can be a satisfactory store.

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  • Why Kiyosaki Is Buying Gold. Robert Kiyosaki has a column on why he's buying in gold. I don't know why it has tomorrow's date on it, but its pretty interesting nonetheless. Bet on Gold, Not on Funny Money by Robert KiyosakiTuesday, July 25, 2006 Gold...
  • How Paper Money Errors Can Increase the Value of Your Collection When collecting, you will notice that there are many different things that you will need to know about the collection that you have. You will need to know about things like what makes it valuable. This includes the history of...
  • Get to Know the Difference between Collecting Coins and Paper Money When it comes to collecting currency, there are many different types of collectors. There are those collectors that prefer to collect coins while others prefer paper. There are even divisions within these as to those who enjoy collecting rare pieces...
  • How to Graduate College Without Being Broke Guest Post Author Bio:  This guest post was submitted by Jamie Davis, who specializes in writing about masters degree. Questions and comments can be sent to: davis.jamie17@gmail.com. There's a constant demand in the U.S. for books and tips about losing weight and...


The Stock of Money in Canada

Wednesday, January 5th, 2011


Untitled 300x142 The Stock of Money in Canada

The money supply can be defined in a variety of ways; M1 and M2 and M3 are published regularly by the Bank of Canada. M1 is the narrowly defined money supply that includes items that serve directly as a medium of exchange. M2 includes additional categories of bank deposits that serve the store of value function and can be readily converted into demand deposits or currency. To get M3 we add in bank term deposits that cannot be converted so easily since the funds must remain on deposit for a fixed term. Also included in M3 are foreign currency deposits. These can readily be converted but their value in terms of Canadian dollars is not fixed.

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  • How Paper Money Errors Can Increase the Value of Your Collection When collecting, you will notice that there are many different things that you will need to know about the collection that you have. You will need to know about things like what makes it valuable. This includes the history of...
  • Selecting the Best Personal Bank Account Most banking institutions offer a wide range of personal account products, and deciding which one is most appropriate can be a challenge. Personal bank accounts generally fall into one of the following categories: Checking accounts Savings accounts Money market accounts...
  • Stashing Your Cash If you want to access your money quickly, where do you put it? Where do you hide your emergency fund, in a cookie jar, a safe or in the bank? Knowing where to stash your cash is vitally important, and...
  • How To Quickly Start a Paper Money Collection For some, currency collecting is a slow and deliberate process that takes years of work and research to form. For others, a paper money and paper currency collection is a quick hobby that eventually grows into a lasting hobby after...


Two Approaches

Thursday, September 30th, 2010


There are two related but different approaches to the exercise of monopoly power. One approach is to state the price of the product, then produce only as much as can be sold at that price. This approach is most suited to a manufacturing operation, in which a list price is often established for an entire year, and production levels are adjusted during the year to ensure that there is no overproduction of the product. This approach can be summarized as raising the price, then restricting the output.

However, not all producers can schedule their output quite so precisely. In the case of agricultural products, crop sizes vary with the weather and other circumstances, and cannot be tailored to suit a predetermined price – in such cases, there is a risk of overproduction driving prices downwards. To deal with this, producers sometimes hold part of their output off the market, so as to prevent prices from falling. In some cases, such as Brazilian coffee, part of a large crop is actually destroyed, while in other cases, such as Canadian wheat and industrial skim milk powder, it is put into storage, usually with the assistance of government agencies. This approach can be summarized as one of restricting the supply so that the price moves to a higher level on its own, in the marketplace.

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  • Home Prices Fall 9.7%: An Explanation Rather than paraphrase the explanations and pretend I'm intelligent, I'll just paste them below. These were taken from today's Wall Street Journal.U.S. new-home sales jumped unexpectedly in September by 5.3%, but prices were lower. The average price of a new...
  • 30 Year Mortgages At 4.85%! Mortgage rates have hit record lows. You can get a 30 year fixed-rate mortgage for 4.85%. The 15 year is at 4.58%. I don't think mortgages have ever been this cheap. According to Frank Nothaft, Freddie Mac chief economist, "The...
  • You'll Never Guess These Two "Investments of the Decade" True "investments of the decade" are uncannily hard to spot. When the clock struck midnight on December 31, 1999, technology was all the rage -- and Cisco was well on its way to becoming the world's first trillion-dollar company. Barely...
  • My Risky Private Stock Investment Pays Off... Sort of Before I started this blog, I was a software engineer. Seven years ago, almost to the day, I signed on to become employee #7 at a new start-up and, like many start-ups, I put in long hours designing much of...


Product Differentiation

Wednesday, September 22nd, 2010


The demand curve indicates that, while the firm could raise its price, the demand for its product is so elastic that it would be unprofitable to do so…too many sales would be lost. However, the firm in monopolistic competition is not always in such a helpless condition. To the extent that a firm can make its product or service different from those of its competitors its operations and its costs. Where can people with such knowledge and experience be found? One likely source is the industry itself, in the person of retired senior officials, such as executives and board members, of the company being regulated. Even if the regulators come from outside the natural monopoly being regulated, they must depend heavily for their information on the management of the company. Thus, the process of regulation is far from the clear cut, objective procedure it is often believed to be, since the people who impose the regulations are not (cannot be) uninfluenced by the corporation they are intended to regulate. This raises the question of whether regulatory boards can always be counted upon to act in the best interests of the consumer, or whether the interests of the producer might not take precedence, as has been suggested in the case of the regulation of the airlines. It is neither possible nor fair to generalize concerning the effectiveness of regulatory boards, since some seem to be much more effective protectors of the consumer’s interests than others.

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