The Hazard of Moral Hazard 09.01.09 - 12:00 AM | James K. Glassman When someone insures you against the consequences of a nasty event‚ oddly enough‚ he raises the incentives for you to behave in a way that will cause the event. So if your diamond ring is insured for $50‚000‚ you are more likely to leave it out of the safe. Economists call this phenomenon “moral hazard‚” and if you look around‚ you will see it everywhere. “With automobile collision insurance‚ for example‚ one is more likely to venture
Premium Risk Insurance
“Made in China” nowadays is the most worldwide recognizable label. Since 70 decades the 1970s‚ the Chinese economy has been performing dramatically‚ plus with the support of Globalization and overseas outsourcing waves‚ “Made in China” has been becoming a global empire. The goods manufactured in China are known as variable‚ updated‚ and above all‚ affordable products. However‚ many people‚ including me‚ have starting doubting the quality of cheap import‚ typically “Made in China” products. My concern
Premium International trade Export
Nursery Hazard - A danger or risk Danger - The possibility of suffering harm or injury: "his life was in danger". A person or thing that is likely to cause harm or injury: "drought is a danger". Risk - A situation involving exposure to danger: "flouting the law was too much of a risk". Potential Hazards in a nursery could be: • Plugs that are not covered‚ Wires i.e. from a computer‚ radio‚ etc… This is a hazard because if the wire is exposed the child could touch it and be electrocuted. • Cleaning
Premium Hazard Safety
Spiritual Growth in Ben There are times when Christians all fall short in our walk with Christ and go through a tough struggle to regain those steps back. Ben Fielding is a magnificent example of this point. Randy Alcorn‚ author of Safely Home‚ expressed the spiritual growth in Ben Fielding’s life during the numerous weeks he spent with Li Quan. After college‚ Ben fell into a large amount of mistakes and dramatic experiences such as his adultery‚ divorce‚ job‚ death‚ and his
Premium Buddhism Jesus Time
factors to take into account when planning and safe indoor and outdoor environment and services. Common sense is one of the most important qualities you need when providing play areas and activities that are healthy and safe for children and young people. Factors to consider include: Differing needs Each young child and young person is unique and different individual‚ meaning that each will have differing needs‚ abilities and level of understanding. This is influenced by the age and stage of development
Premium Risk assessment Risk management Risk
Studies on Asia Wabi-Sabi‚ Mono no Aware‚ and Ma: Tracing Traditional Japanese Aesthetics Through Japanese History Lauren Prusinski Valparaiso University‚ Valparaiso‚ Indiana Introduction Japanese cultural standards and definitions of beauty have been nurtured over many generations. Starting in the Heian era‚ Japan revitalized its focus on the natural world‚ embracing its unpredictable fluctuations and adopting a sensitivity to and appreciation for nature. The Japanese developed a distinct sense
Premium Aesthetics Japan Japanese culture
Driving safely is important because when you get behind the wheel of a vehicle you step into a potential weapon that you are able to control. If you do not or refuse to drive safely you are at risk of either injuring or killing people that are walking on the side of the road or other drivers. Driving safely is one of the biggest responsibilities of drivers because when you drive safely you are able to better prepare for unexpected events that may and will happen while you are driving on the road
Premium Automobile Traffic
animals and people alike in schools‚ in the work atmosphere‚ in local facilities such as malls and restaurants‚ and even in the home. While the appearance of small groups on the rise‚ their possibility of functioning properly steadily declines. Consequently‚ failure to cooperate may result in members working against each other or even leader dominance. More often than not‚ groups do not collaborate to meet common goals due to negative psychological influences. How can small groups be made to work Author
Premium The Wisdom of Crowds Space Shuttle Columbia disaster The Work
Hazards And Risks in a nursery setting Unit 3 Assessment 1 P1 Introduction; Workers in childcare facilities educate and care for infants‚ toddlers and preschool age children. Childcare may not seem like a hazardous occupation‚ but every workplace has hazards and risks. Childcare workers should pay attention to their own safety while they nurture children. 1. Electrical Hazard; Staff and children can get electrical shocks or burns from using faulty electrical equipment. Over
Premium Childcare Babysitting Nursery school
Boating safely in the water English class November 7‚ 2011 Boating safely in the water All favorite outdoor activities should be done safely? One all-time favorite activity enjoyed by many is boating on the water. Whether it is a twelve foot raft‚ or a forty foot yacht‚ there are many important items to consider before leaving the dock. For example‚ is there a personal flotation device for each passenger‚ to include the operator? What about alcoholic beverages? Did anyone bring any along
Premium Boat