China - 2760 Words

------------------------------------------------- Generations of Chinese leadership From Wikipedia, the free encyclopedia Peoples Republic of China | | This article is part of the series: Politics and government of China | Ideology[show] | Constitution[show] | Communist Party[show] | Legislature[show] | Executive[show] | United Front[show] | Military[show] | Judiciary[show] | Propaganda[show] | Law[show] | Other issues[show] | * Other countries * Atlas Politics portal | * v * t * e | | This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (March 2013) |†¦show more content†¦Thus, the first generation, from 1949 to 1976, consisted of Mao Zedong as core, along with Zhou Enlai, Liu Shaoqi, Zhu De, Chen Yun, Peng Dehuai, and later Lin Biao and the Gang of Four (neither Lin nor the Gang are today considered by official discourse to be part of this generation because of political antagonism resulting from the Cultural Revolution). These were the leaders that founded the Peoples Republic of China after the Communist victory in the Chinese Civil War. They were born between 1886 and 1907, although the Gang of Four were a distinct subgroup born 1914 to 1935. Most were born before the demise of the Qing Dynasty (not including the Gang) and thus lived to see both the birth and, on the mainland, the end of theRepublic of China. One charact eristic of these leaders were that they tended to be both political and military leaders. Most had some education outsideChina, and their formative experiences included the Long March, the Chinese Civil War, and the SecondShow MoreRelatedThe Between China And China980 Words   |  4 Pagesfairness and impartiality in the justice system, which along with its capitalist economy, further differentiated itself from China. This concept of â€Å"one country, two systems† is an important element of Hong Kong governance, and by extension, its people. This represents a time when Hong Kong is slowly pulling its influence away from China. Due to its insulation from China that ran a communist government, Hong Kong was able to flourish as an international financial center under a free market economyRead MoreChina s Impact On China1181 Words   |  5 Pagesmany decades, China has always been technologically and economically ahead of Europe. The invention of gunpowder, printing, and the compass started in China and was later dispersed throughout Europe. These inventions changed China as much as they changed Europe. These inventions also caused a gap between China and Europe. By the late eighteenth century, industrial revolution first started its spread from Europe.The transformations within Europe began to further accelerate while China was falling behindRead MoreChina677 Words   |  3 PagesSui Dynasty (589 – 618 CE) was a short lived Imperial Chinese dynasty, preceded by the Southern and Northern Dynasties. It unified China for the first time after nearly four centuries of north-south division. It was followe d by the Tang Dynasty. Founded by Emperor Wen of Sui, the capital was Chang’an. His reign saw the reunification of Southern and Northern China and the construction of the Grand Canal, connecting the Yellow and Yangtze River for easy trading. The canal was used to carry riceRead MoreRural Life Of China And China1122 Words   |  5 PagesMaria Elena Granera Ms. Lopez AP Economics 7 November 2014 Rural Life in China â€Å"In China’s rural hinterland, where half the nation’s 1.3 billion people live, incomes are, on average, less than a third of those in cities† (The New York Times). Economically, rural China depends mainly on agriculture, but socially, sex inequality and diseases prevail in this part of the country. Villages, mostly populated by the country’s ocean of elders, are getting poorer while the cities are getting richer evenRead MoreMoney Frauds : China And China994 Words   |  4 PagesAgainst Money Frauds China is one of the countries that have the highest yearly rate of frauds. Although the China governments have uploaded many promotional videos on preventing the crooks, but can we really get away from the fraud base on those videos? The risk of fraudulent activity is increases every year in China. The China government should establish a special department to help people to prevent from the money frauds, because frauds are the problem that affects people a lot and also becauseRead MoreThe Guanxi Between China And China1741 Words   |  7 PagesIntroduction The Guanxi phenomena is exclusive to China and is very apparent in everyday life, it can be used in the personal dealings or at the business level. Guanxi concept is not completely alien to the rest of the world, it is apparent in a slightly different, more modest form. Most of people would be aware of bribery (it is an act of giving money or gifts that alters the behavior of the recipient), which would be someway linked to guanxi concept. The main difference is that bribery recognisedRead MoreChina s Rural Crisis : China1403 Words   |  6 Pagesexternal pressures that caused the eventual collapse of Qing society. Foreign imperialism highlighted China’s backwardness to its own citizens and, and also heightened the already existing conflicts within China itself. It directly challenged the cultural nexus of power, which held China together for hundreds of years. This system combined the imperial examination system, standard marketing community, language of lineage, and popular religions to promote the cultural form of governance. TheseRead MoreTrade Imbalance Between China And China1365 Words   |  6 Pagesnations in the eastern hemisphere. China was one of those nations. China was a nation known for isolating itself from outside influen ce, especially from the Europeans. Soon the Europeans began to grow jealous of China s bounty of enticing goods and resources such as porcelain, tea and silk. China on the other hand did not have any need for European goods. In pursuit to put a halt to the trade imbalance between the two nations, Britain started to smuggle opium into China. The reason behind this was becauseRead MoreTrade Imbalance Between China And China1674 Words   |  7 Pagesporcelain were much desired by European and had a huge demand in the Western market. In England, tea was the most desired Chinese good and trade in tea was very lucrative. However, this created a trade imbalance because Western goods had no market in China. China was a self-sustaining country and that make it harder for Western merchant to trade with them. Apart from that, the merchants had a hard time getting into Chinese market and had to deal through Chinese middlemen in Canton. At this point, the BritishRead MorePoverty in China1079 Wo rds   |  5 Pages12/3/14 Poverty in China FRIDAY October seventeenth was Chinas first official â€Å"Poverty Alleviation Day†, a yearly assembly of discussions and pledge drives, intended to rally deliberations to battle hardship. Obviously, because of Chinas quick financial advancement, the nation as of now assuages a great deal of destitution every day: a year ago the quantity of rustic poor fell by 16.5m or in excess of 45,000 individuals every day. However that still left 82.49m individuals stuck in country

Benefits Of Getting A College Education - 1303 Words

As the price to attend college increases throughout the years many young adults are experiencing increasing difficulty in being able to pay for such an endeavor and many more are beginning to question whether or not it’s worth the price due to the faltering of the economy. The price tag may be the most common concern about getting a college education but another important factor that many students consider when applying for college is how much time they will need to devote to school. Many prospective students think that the time spent in a college math class is a waste when they are majoring in the arts. This results in many students deciding against getting a college education in favor for finding a source of income to support themselves and due to the lack of employment opportunities available today the decision to choose an income over an education is really a matter of survival. However, this is the beginning of a slippery slope that can easily lead to a population that is severely lacking in education which can lead to a disaster in a country where the nations populace are the ones making decisions with their vote. I believe it is time to make education not only cheaper, but more accessible to more people across the country by eliminating course requirements and majors in order to allow students to seek out an education that is tailored to the subject they are seeking to pursue. Doing so will not only result in a lower cost of college by eliminating useless andShow MoreRelatedCollege Is It Worth It?1317 Words   |  6 PagesCollege, is it Worth it? Is college really worth the time and money? This is the question I am going to be exploring. While many people may have an idea that college is just an abundance of debt, other students argue that most of the information they learn doesn’t provide them with the value they thought it would (Adams 1). Many college students who grow up with the opportunity to go to college usually don’t stress the idea of going to school, but most students who don’t have the opportunity toRead MoreValue Of College Education837 Words   |  4 PagesIn recent years, the rising costs of college education made many high school graduates question whether getting a degree is worth the price. However, there are several reasons why going to college is still a beneficial investment. A college education has value; it makes you more well-rounded, it increases your chance of success, and it makes you more prepared for adult life. A college education is a four-year bachelor’s degree re ceived by living on a college campus. While there are other ways toRead MoreBenefits of a College Degree Essay1411 Words   |  6 Pageswhether to go to college or not. There are many factors that go into one’s decision. There are pros and cons to going to college and also there are pros and cons for not going to college. But the decision that will give someone the better opportunity to have a more successful life is to go to college. The money that one will earn after getting a college degree will be more than the money a person will make without getting a college degree. As our society has continued to evolve, education has become theRead MoreIs College Education Necessary For College?1509 Words   |  7 PagesI really need to go to college?† In my case, the answer was yes, I need to go to college. Each year high schoolers have to make the decision to go to college or not. This is a decision people have been making since college has existed. Almost everyone has to m ake this decision at some point in their life. Some chose to go to college for two years, four years or however longer to get their desired degree. Then, there are people who make the decision to not pursue a college degree. There are variousRead MoreShould College Athletes Be Paid?1578 Words   |  7 PagesAshay Mehta Nou Per 8 Should College Athletes Be Paid? One of the hottest debates in the sports industry is if college athletes should be paid. If you want to pay these athletes, how would the college determine the dollar amount that should be paid? Should the basketball team make more than the football team? Should the the soccer team be paid as well? Cheerleading? Chess team? Should everyone on the team get a salary? What if your college is good at football and your basketball team is awfulRead MoreBenefits Of College Education1462 Words   |  6 Pagesfuture to support their family and have a brighter future. Some students question whether attending college is worth their time, but research suggests that students who study at postsecondary institutions will benefit in the long run. If students want to have a successful future, to be able to support their family, and have a higher income, they will need some sort of higher level education. Going to college can help with unemployment rates and increase the chances of attaining a stabl e career. PeopleRead MoreIs A College Education Worth It?1018 Words   |  5 PagesIn today’s society, the idea of receiving a college education has been pondered quite a bit as to whether or not it is actually worth it. According to Michelle Adam, many people â€Å"†¦today believe that getting a good education is key to success in our society, this revealed surprising issues that challenge the notion of higher education being worth its price tag† (59). Naturally, many high school graduates apply for college right before or after graduation. Others decide to go into the work force, armedRead MoreWhy College Is Becoming More Expensive938 Words   |  4 Pagesattend college for a higher education and to find a career within their interest. Despite the fact that college is becoming more expensive and many people are not on a full ride scholarship have student loan debt, a college education is necessary. College has the ability to help build skills for a specific ca reer or job. It also teaches students how to get involved with other students and to network. College can open doors for a poorer family. Many jobs today that don t require any college experienceRead MoreWhy College Education Is Important to Me839 Words   |  4 PagesWhy College Education is Important to Me Patty Murray said â€Å"A good education means learning to read, write and most importantly learn how to learn so that you can be whatever you want to be when you grow up.† Getting a college education will help open so many doors and give me opportunities to better myself, and provide me with a more successful life that I can be proud of. In today’s society it is hard to get a good job or have a stable career without first getting a college degree. A college educationRead MoreEssay Is College Worth It682 Words   |  3 PagesIs college worth it? Ask yourself a question, is college worth it to you? If you answered no then in this case it will be beneficial for you to read this. When thinking about college you have to think more about what you want out of it rather than what you have to do to get through it. The skills that you get while attending college can be very beneficial to you. Having the critical thinking and advanced communication skills that you acquire in college. Getting a college degree and bringing what

The Bear Minimum Free Essays

Big Bear Power is a public utility company that has posted strong financial results for several years. Big Bear has positive cash flow, and it is in compliance with all its debt covenants. Big Bear leases a combustion turbine from Goliath Co for a 10-year non-cancelable term. We will write a custom essay sample on The Bear Minimum or any similar topic only for you Order Now The lease agreement is signed on December 15, 2004 and Big Bear’s right to use the turbine begins on January 1, 2005. Various provisions and other facts from the lease are listed below. Big Bear pays Stipe, Berry, Mills and Buck LLP, its external legal counsel, $500K in connection with negotiating the lease agreement. Big Bear is also required to pay $1 million of legal fees incurred by Goliath Co. Provision 2 The stated default provisions in the lease include a provision that requires a penalty payment if Big Bear’s bank declares a default under its primary credit arrangement. Big Bear will be in default under the credit arrangement if there is a â€Å"material adverse change† in its financial condition. Material adverse change† is not defined in the loan documents. The Company believes the likelihood of default is remote. The bank has no relationships with Goliath Co. (Note: This is a customary provision in leasing arrangements. ) Provision 3 The lease agreement stipulates that Big Bear’s annual lease payments shall be $1 million per year, payable ratably over 12 months at the beginning of each month. For each calendar year of the term of the lease after 2005, Big Bear will pay minimum rent in an amount equal to $1 million increased (but not decreased) by the same percentage as the increase in the Consumer Price Index (CPI) from January 1 of the prior year until January 1 of each respective year. The most recent annual increase in CPI as of the inception of the lease was 4%. Required: †¢ For each provision presented, evaluate whether the costs or potential costs associated with the provision should be included in â€Å"minimum lease payments,† as defined in FASB Statement No. 13, Accounting for Leases. How to cite The Bear Minimum, Papers The Bear Minimum Free Essays Per your request, our group conducted research to determine whether costs or potential costs of the provisions of Big Bear Power’s lease of Goliath Co’s combustion turbine should be included in its minimum lease payments. We have provided a summary of the facts, our conclusion, the basis for our conclusion, and an analysis of possible alternatives to our conclusion as requested. Summary of the Facts Big Bear Power (the Company), a public utility company, is leasing a combustion turbine from Goliath Co. We will write a custom essay sample on The Bear Minimum or any similar topic only for you Order Now for a 10-year, non-cancelable term. The lease agreement was signed on December 15, 2004, and the company’s right to use the turbine starts on January 1, 2005. Big Bear Power has been financially strong for a number of years, has positive cash flow, and is in accordance with all of its debt covenants. The lease agreement contains three provisions, each of which has associated costs that may potentially need to be included in the calculation of minimum lease payments. The issue at hand is determining whether the costs in these provisions should, in fact, be included in minimum lease payments Conclusion Provision 1 Big Bear Power should not include the $500,000 negotiation fee in its minimum lease payments because, by definition, it is not an obligatory payment to be made toward the asset. On the other hand, the Company should include the $1 million legal fee in minimum lease payments since it is considered an initial direct cost made in connection with the leased property. Provision 2 The lease agreement includes a provision requiring a penalty payment if Big Bear’s bank declares it in default under its primary credit arrangement. This potential cost should be included in calculating minimum lease payments since a lack of predetermined criteria exists to determine default. Provision 3 The lease agreement stipulates Big Bear’s annual lease amount to be increased by the percentage increase in the Consumer Price Index (CPI). Because the lease payments depend on the index, it must be included in the calculation of the minimum lease payment at the inception of the lease agreement. Basis for Conclusion Provision 1 In the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (ASC) 840-10-25-5, minimum lease payments are â€Å"the payments that the lessee is obligated to make or can be required to make in connection with the leased property,† excluding contingent rentals, any guarantees of the lessor’s debt, and executory costs. Although negotiating fees incurred by Big Bear Power are not executory costs, the fees toward its external legal counsel are considered non-obligatory in nature and should be expensed. In contrast, legal fees paid by Big Bear Power on behalf of Goliath Co. an be categorized as initial direct costs under Statement of Financial Accounting Standards (SFAS) 91. Being defined as such, they can be included in the general description of payments they are obligated to make in connection with the lease agreement. Provision 2 Big Bear Power is subject to default if there is a â€Å"material adverse change† in its financial cond ition. FASB ASC 840-10-25-14 provides guidance for default covenants relating to nonperformance and provides four conditions as follows: a. The default covenant provision is customary in leasing arrangements. b. The occurrence of the event of default is objectively determinable. c. Predefined criteria, related solely to the lessee and its operations, has been established for the determination of the event of default. d. It is reasonable to assume, based on the facts and circumstances that exist at lease inception, that the event of default will not occur. In applying this condition, it is expected that entities would consider recent trends in the lessee’s operations. The Codification states that if the lease agreement fails to meet all of these conditions, Big Bear Power must include the penalty in its minimum lease payments. As already stated in the information provided, condition (a) is met. Upon further analysis, condition (b) and (d) are also met—Big Bear’s bank is an objective third-party that will determine an occurrence of default, and Big Bear Power is financially strong with remote likelihood of default. While the facts imply that â€Å"material adverse change† is a predefined criterion to determine default, it is our contention that the lack of definition in the documents is sufficient evidence to not fulfill the third condition. Furthermore, the absence of a definition implies a lack of objectivity within the criteria; the phrase â€Å"material adverse change† provides no verifiable benchmark to which Big Bear Power can be examined through its operations, as mandated by the condition. Consequently, Big Bear Power should add the maximum amount of the penalty to the minimum lease payments. Provision 3 According to FASB ASC 840-10-25-4, the portion of lease payments that depends on an index, such as the Consumer Price Index(CPI), should be included in calculating minimum lease payments at lease inception. Big Bear’s lease payments are contingent on increases in the CPI, therefore it must follow this rule. The lease agreement states that Big Bear will pay $1 million per year, and the lease amount will change at each year-end by the increase in the index rate. Only the most recent CPI increase at inception will be included in minimum lease payments. Future increases in the index will not be included as they are considered a contingent rental. Analysis of Alternatives Provision 1 Alternative A debate of Provision 1 suggests that Big Bear Power should not include the $1 million in legal fees toward minimum lease payments. Initial direct costs may be considered transactions separate from the lease itself with benefits being realized at the time of exchange (International Accounting Standards Board [IASB], 2009). Their recognition as assets would be erroneous under this premise, and instead would require an immediate expense to the income statement. Still, it remains our team’s recommendation that the $1 million legal fees be treated as described, in accordance with the FASB’s logic behind fees closely-tied to a lease agreement. Provision 2 Alternative It can be contended that the required penalty payment under a declaration of default should not be included in the minimum lease payments. As stated, FASB ASC 840-10-25-14 provides four conditions, which, if all fulfilled, would not include the penalty in minimum lease payments. Based on those facts provided, and regardless of the definition behind â€Å"material adverse change†, it is arguable that a sufficient criterion exists to determine default. Furthermore, the criterion is established by a third-party with no relation to Goliath Company. This would fulfill condition (c). Provision 3 Alternative Alternative treatment of this provision would adjust minimum lease payments annually after 2005 for the annual increase in the Consumer Price Index. For example, if the lease payment in 2005 is $1 million and the most recent CPI increases by 4%, the lease payment would increase to $1,040,000 in 2006, and $1,081,600 in 2007. The reasoning for this approach is to more accurately measure the lease agreement for financial reporting. However, this method is not in agreement with FASB ASC 840-10-25-4, which states a lease dependent on an index should only include the index existing at lease inception when calculating minimum lease payments. References Financial Accounting Standards Board. (n. d. ). Accounting standards codification. Norwalk, CT: Financial Accounting Standards Board. Retrieved February 8, 2010. International Accounting Standards Board. (2009). IASB staff paper: leases – initial direct costs. London, United Kingdom: International Accounting Standards Board. Retrieved February 8, 2010. How to cite The Bear Minimum, Papers