The recent decline in movie theater attendance has several causes. One such cause is the matter of cost. Carol Moore an owner of four theaters outside of Kalamazoo‚ MI argues that‚ "When gas price rise‚ people are watching their money‚ so we can ’t let ticket prices get out of reach." Drawing the connection between finances and fun is an important link in the decline of theater attendance. As Ms. Moore argues transportation expenses eclipse disposable income expenses such as movie going. OTX‚ a Los
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Analyze the reasons why the Chinese government hired a Western public relations firm to work on the 2008 Beijing Olympics. The major reason as to why Chinese government hired a Western public relations firm to work on the 2008 Beijing Olympics was to repair their image before the Olympics. Several agencies around the world were invited to discuss a contract with Chinese officials about the pre-games PR strategies‚ media training‚ and market research on Western perceptions of China. This was done
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Strategic Management Journal Strat. Mgmt. J.‚ 29: 115–132 (2008) Published online 4 October 2007 in Wiley InterScience (www.interscience.wiley.com) DOI: 10.1002/smj.653 Received 11 March 2005; Final revision received 21 August 2007 CORPORATE DIVERSIFICATION: THE IMPACT OF FOREIGN COMPETITION‚ INDUSTRY GLOBALIZATION‚ AND PRODUCT DIVERSIFICATION MARGARETHE F. WIERSEMA1 * and HARRY P. BOWEN2 1 Paul Merage School of Business‚ University of California‚ Irvine‚ California‚ U.S.A. McColl School of Business
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five-year average‚ and (3) at its minimum relative to the previous two years and the following two years. 1975‚ 1982‚ 1991‚ 2001‚ and 2008 Freund (2009) describes the evolution of world trade following four previous global downturns. She finds that the size of the decline in world trade during these episodes is almost five times the corresponding decline in world GDP. She also finds that‚ while world trade growth resumes quickly following a global downturn‚ it takes more than three years
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There is not one specific reason for the financial crisis‚ but rather a combination of many events that caused the unusual market collapse of 2008. One explanation can be traced back to 1995 when the Clinton administration attempted to improve the Community Reinvestment Act‚ which required banks to distribute more loans in lower income areas. If the banks failed to abide by this new law‚ they would face harsh penalties‚ such as receiving limits on approvals for mergers and could even be hit with
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The Financial Crisis of 2008 Factors and Prevention Abstract This paper explores the factors‚ which caused the recent financial crisis of 2008. Furthermore this paper will explain how the Federal Reserve’s (Fed) monetary policies and the Federal Government’s fiscal policies are crucial in limiting and perhaps eliminating future catastrophes. The Financial Crisis of 2008 Factors and Prevention The financial crisis of 2008 is widely considered the
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government to agribusiness taking control of family farms. With the loss of the family farm‚ a class of society is being lost‚ and with it‚ rural landscapes are fading at an alarming rate due to environmental consequences of agribusiness. The decline of the family farm is no myth. According to the Census of Agriculture‚ a United States Department of Agriculture report revealed‚ “The number of U.S. farms fell sharply until the early 1970s after peaking at 6.8 million in 1935…by 2002‚ about 2.1
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The decline of the British Empire. “The sun never sets on the British Empire” this statement was true for many decades‚ the Empire was ¼ of the world. But why and how did it fall and what were the reasons for decolonization? This I will try to answer in this short essay. The main reasons of the decline was economics and nationalism (including resentment from the rest of the world towards the empire). I have decided to concentrate on post world war events even though you may say the decline already
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collapse of the Roman Empire are bountiful. Each of these causes fit together resembling one giant puzzle of the Roman Empire with the individual pieces portraying the causes. An empire as large as the Roman Empire did not simply fall overnight‚ the decline took place over the course of over 500 years (Alchin‚ 1). Even though the destruction occurred over hundreds of years‚ the Roman Empire did not know what was coming until it was too late‚ their fate was sealed. As the Roman Empire grew larger and
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‘Goldman Sachs’ bonus pool totaled $16 billion—an average bonus of $650‚000 very unequally distributed across Goldman’s 25‚000 employees.’ (DiNapoli‚ 2009). Loses began to escalate in 2008 causing the five largest independent investment banks to lose their independence. Even so‚ about ‘700 employees of Merrill Lynch were given bonuses in excess of $1 million from a total bonus pool of $3.6 billion‚ in spite of the fact that the firm
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