Friday, February 14, 2020

Economic impacts of natural disasters on the United States Research Paper

Economic impacts of natural disasters on the United States - Research Paper Example Despite falling victims of such calamities for the last decades, efforts to perplex policy formulators have been evidenced. However, the policy makers are uncertain over what can be done to tackle the menace associated with the occurrence of the natural calamities (Yamamura, 2013). There has also been little guidance offered by academics, and this has greatly affected the bitty approaches employed in tackling the issue from a number of disciplines (Alexander). This paper seeks to analyze the economic impacts of natural disasters in the United States. From contemporary literature, the concept of natural disaster is used to refer to the geophysical events that are characterized by a substantial departure from the normal climatic conditions. For instance, the occurrence of a flood that signifies substantial departures from the mediocre rainfall level within a geographical region forms a typical natural calamity. In some instances, the occurrence of these calamities might be predictable and are known to follow some geographical and seasonal patterns as it happens for typhoons and hurricanes (Fang, 2012). Others show vast irregularity in their occurrence, as it takes the case of floods and earthquakes. It is trivial to distinguish between technological and natural hazards. Most technological hazards occur as a result of the activities of human beings. Other social hazards occur which too should be differentiated from natural calamities. Natural calamities have impacted the economy of the United States either positively or negatively for the many instances of their occurrence. In some cases, occurrence of natural disasters leads to infrastructural improvements and the adoption of better and improved technologies in the event of their occurrence. For instance, in a study discussing the earthquake that took place in Alaska in 1964, which provided for a chance of modernization and upgrade of the

Sunday, February 2, 2020

New Venture Creation and Business Planning Essay

New Venture Creation and Business Planning - Essay Example Particularly, cash flow forecast indicates Tea Infusions will sustain cash reserves of  £0.18 million at the end of Year 1 of operations. This is achieved by keeping labour costs low, procuring cost-effective raw product from China, and the high mark-up rate on finished product compared to raw materials costs. The business anticipates long-term profitability and will have substantial retained earnings throughout the first year of operations to pay salaries to executives and employees working in the organisation. Payback of all start-up capital will occur within Year 2 of operations. The business is proactive in identifying potential risks, including information technology failures, equipment failures and issues with supplier competency in delivering timely and fresh products. The company, to explore all potential risks, will be creating a steering committee that reports directly to the Board of Directors as a means of establishing a competent and well-developed risk management system. Tea Infusions recognises that there is a gap in the market for distributing Chinese teas with limited suppliers selling foreign teas. In Brighton, on the Southern coast of England, there are 480,000 citizens that are not being serviced with different Chinese tea products. In the UK as a whole, there is a substantial increase in the population of Asians and the Asian tea culture has gained popularity in the country in recent years. Hence, this illustrates an opportunity to bring top quality Chinese teas to a market with demand for these products and where many rare Chinese teas are unfamiliar to consumer demographics. In Brighton area, rare teas include Dragon Well Tea (Long Jing Tea), Bi Luo Chun Tea, Keemun Black Tea and Ba Bao Tea. Common infusions which accompany a well-bodied cup of tea include the foreign goji berry, lyceum berry, and the red jujube, each with a sense of mystical intrigue and physical