Food Waste? Too valuable to waste! Essay

According to statistics from the Environmental Protection Department, in Hong Kong, solid waste generated daily weighs around 17000 tones, of which around 30% is organic matter (2700 tones) which is roughly equal to 120 double-deck buses in size. Compared this to the US where, revealed by the Environmental Protection Agency, only 12% of waste stream was scrap of food in 2005. Extra care in disposal is required for these putrescible wastes, otherwise nuisance to the environment will be caused. Food waste not only causes a feculent choking smell, but also discharges a huge amount of concentrated greenhouse gases, methane and polluted water, all of which are leading to the global warming that we highly concerned about. All the food wastes are currently disposed to landfills, however all the existing landfills will be saturated within 5 years. Construction of new landfill is a problem because of a lack of available space that is far away from residential areas. Therefore, seeking out alternative ways for food waste treatment has become an imperative for the government. Before discussing cutting food waste at its source, there is another possible destiny for surplus food besides disposal – Food recycling. The food waste for food recycling can be categorized into two parts: edible (bread, vegetable and meat) and inedible (bones and eggshell). Food Waste Processor Basically, inedible food wastes are useful in that they can be recycled and reused. Through natural biodegradation by bacteria, all the organic waste will be converted into organic fertilizer and soil stabilizer. According to the journal of â€Å"Food waste composting – sustainable organic waste management† (Jonathan, 2003), in some advanced countries in Europe, central food waste treatments has been practiced for years. All the domestic food waste will be collected and transported to central composting facilities which are installed far away from the residential areas. However, this huge facility is not available to Hong Kong owing to the limited area. The Ecotech Food Waste Processor, a new technology for the same purpose is being tested in Hong Kong, including Hong Kong International Airport, housing estates and universities. Due to the tiny space of Hong Kong, it is well-designed for being used in small communities such as restaurants and housing estates which are the main sources of food waste. A large processing capacity 100kg per day is supported with a small sized machine. The automatic processor is easy to operate and is equipped with self-adjustment of temperature and moisture which are decisive parameters for the speed of reaction. Also, the specially formulated microbes and materials are used in the processor to increase the rate of biodegradation. To enhance the transportation efficiency, the volume of food waste will be reduced by about 90% in 24 hours. The composite fertilizer contains high nutrient value including nitrogen which is a major element for plant growth. This new technology is suitable for Hong Kong, as it has limited space. All the food waste can be recycled and become useful materials rather than being disposed in landfill. Besides reducing the load of landfill, the valuable organic materials, which are transformed from the â€Å"waste†, are nutrients to our health and the Earth. Since vegetables grown by organic fertilizer is much healthier to human than those grown by chemical fertilizer. Therefore, this processor should be widely used in Hong Kong in order to minimize the amount of food waste and raise public awareness of this exigent problem. Surplus Food Donation The Environmental Protection Department stated that â€Å"the amount of food wasted by Hong Kong’s restaurants, hotels, and food manufacturers has more than doubled in the past five years.† Effort should be focused on collecting leftover food donation as a huge pile of edible food waste is created from restaurants every day. Foodlink is a nonprofit organization working on this aspect. It takes surplus food from over 40 hotels and restaurants and delivers it to charity groups such as Home of Love in Sham Shui Po and Action Care that works with the less privileged communities in society. Regarding to an article â€Å"The food chain† (Grace, 2012), about one million people in Hong Kong are suffering from hunger and struggling to fill their stomachs. Freshly cooked food is something that they cannot support on a daily basis, especially for the one million people in Hong Kong who are living below the poverty line. Actually, those government-sponsored food banks only provide canned or prepackaged food which is unhealthy in the long term. On the contrary, the hot leftover food from the hotels and restaurants is nutrient rich. In fact, this creates a triple win situation for the landfills, charities and hotels. By examining the amount of excess food that transport to the charity, the hotel can determine the appropriate quantity of food for each day. Eventually, not only less food waste will be produced, but the cost of excess food production and food waste treatment can be reduced and eliminated. Also, less recyclable food will be wasted and disposed to landfills. Therefore sponsorship to those charities and public promotions is an obligation for the Hong Kong government. As the old saying goes â€Å"Prevention is better than cure†, cutting the food waste at its source is the best ways to solve this issue. However, despite there being less food waste being disposed to landfills, the food waste problem will continue to occur if the eating habits do not change. Food waste charge Similar to the solid garbage charges being promoted in the past few months, food waste charges could be implemented in restaurants to minimize this problem commercially. According to Friends of the Earth, in the catering industry, hotel buffets and restaurants that offer â€Å"all you can eat† are the major sources of uneaten food, which then goes into the landfills. Many customers whose â€Å"eyes are bigger than their stomachs† usually order far more dishes that they are able to consume, so the surplus food eventually has to be disposed of. Some hot pot restaurants that provide â€Å"all you can eat† strictly charge the leftover food per kilogram in order to minimize the problem. However, only a few hotel buffets in Hong Kong are willing to charge for the uneaten food since it may lower its attractiveness. In foreign countries, London and America are good role models that are attempting to use this policy to solve the food waste issue. A Chinese restaurant Kylin Buffet in London will charge a $32 â€Å"wastage fee† for the excess food. A â€Å"guilty fee† is imposed to charge the uneaten food in a Japanese restaurant located in Manhattan. In order to enhance the popularity of food waste charges, promotion and communications with restaurants are necessary for the government. Through this policy, it arouses public awareness of food waste so that the eating habit may finally improve. Since the food waste fee acts as a reminder and warning to customers to make self-adjustments to their appetite. All in all, for thousands of years, famine has continued to happen somewhere throughout human history. In fact, the current food production and storage in the world is more than enough to support the whole populations if we are able to minimize food waste. The food waste processor, leftover food donation and fee charging are the substantive measures to minimize the food waste and reduce the load of landfills from two main aspects (usage and source of food waste). As a Chinese proverb says â€Å"every grain is from hard toil†, hardship is required in food growing, we should cherish food and respect the nature that nurtures us. (1261 words) References 1. Food Waste Management in HK. (2011). Environmental Protection Department. Retrieved from http://www.epd.gov.hk/epd/english/environmentinhk/waste/prob_solutions/owt_food.html 2. Municipal Solid Waste in The United States – 2009 Facts and Figures. (2010). Environmental Protection Agency. Retrieved from http://www.epa.gov/wastes/nonhaz/municipal/pubs/msw2009rpt.pdf 3. Jonathan, W. (2003, May). Food waste composting – sustainable organic waste management. New Horizons, 3, 12-13. Retrieved from http://www.hkbu.edu.hk/~cpro/online_pub/nh0203/nh0203_12-13.pdf 4. Monitoring of Solid Waste in Hong Kong – Waste Statistics for 2011. (2012). Environmental Protection Department. Retrieved from https://www.wastereduction.gov.hk/en/materials/info/msw2011.pdf 5. Grace, T. (2012, April 19). The Food Chain. Retrieved from http://hk.asia-city.com/city-living/article/food-chain 6. Order Less Waste Less. (2012). Friends of the Earth. Retrieved from http://www.foe.org.hk/welcome/geten.asp?id_path=1,%207,%2028,%20150,%204310,%204566

Modern Communication essays

Modern Communication essays How have the modern communications technologies of the past century affected the culture of the United States? Its like a disease spreading all over the United States but not something that you would run from. This is a type of disease you want to get because its the future. Technology is everywhere and everything. Over the past century technology has affected the U.S. culture in many ways. With more time and money there was a greater need for information and entertainment. Many big events were taking place and Americans did not know what was going on. There were things happening and no one knew where to go. So this brought out the inventions of the newspapers, magazines, and motion pictures. Once these things hit the market they took off. Two events, in particular, that people were unaware of were WWI and WWII. Since many Americans wanted to know what was happening to their soldiers, the newspaper was a big hit. Johannes Gutenbergs invention of the printing press made it much easier for the newspaper to be printed. It was faster and more sufficient then any other type of news. It also gave the middle and lower classes a chance to know what was going on at a low cost. Since it was at a low cost millions of Americans bought the newspaper spreading news all across the states. So now you new events or happenings in other places other than around you. Magazines and motion pictures were a big hit as well. Both of these were more for entertainment. Although you could also get news from them, many people used them for fun. Now days, newspapers, magazines, and motion pictures are still hits. Millions of Americans still read the newspaper. I think that it has become more important now because of everything that is happening with the War In Iraq and this years election. Wherever you go and have to sit and wait (doctors, dentist, library, etc...) you will always find either a newsp...

14 Weirdest College Christmas Trees

14 Weirdest College Christmas Trees It’s not that college students don’t love Christmas or take it seriously. That’s not the case at all. The issue is that due to financial restraints some people are forced to get creative. Like a Marine, they must adapt and overcome, and use whatever they have at their disposal. What you end up with are these 14 weirdest college Christmas trees. 1. An Elaborately Decorated Traffic Cone Hey, it’s kind of the same shape as a tree, right? They’re handy and sitting in the road, or perhaps half buried in dirt in the front lawn. Why not just grab some tape, a string of lights and maybe a roll of dental floss and voila, Christmas Cone Tree. 2. The Almighty Beer Bottle Christmas Tree Many have tried, but few succeed. In reality, pulling off an impressive beer bottle tree is hard to do. How many college kids does it take? No one knows yet. Search around the net though and you’ll discover the beer-tree creation is a science (should be a degree option). 3. A Majestically Stacked Pizza Box Tree There’s at least 30 of them all stacked neatly in the corner behind the thing (otherwise known as the love seat sofa), so why not put them to good use? It all comes down to stacking, super glue and then all the many adornments laying around the house. 4. The Keg Tree You’ll need about 20 kegs to pull off a monster keg tree. Stacking them is simple and then decoration is cake walk. Lights galore, and to finish it off perhaps a single light within a Jgermeister bottle (festive green of course)? 5. Walk Outside Grab a Twig When all else fails simply walk outside, grab the nearest branch with foliage still clinging to it (Pine is ideal) and then stick it a bottle, tac it to a wall, or whatever it takes. That right there is a classic dorm room tree, worth of center window placement. 6. The Textbook Tree What else are they good for? Plus, they’re heavy and won’t be missed, unlike the pizza boxes. You can use them to hold lights in place but getting ornaments to hang from them is a bit tricky. 7. Traffic Cone + Branch Tree Combining a traffic cone with a branch is another epic strategy for the â€Å"staying on-campus this year† Christmas student. Like putting peanut butter and bananas together, it just works. 8. Blowup Dino-Tree They’re green with spots and come with plenty of things to hang thing from. Plus, the plastic is thick enough to where you can tape all kinds of festive things (popcorn strings anyone?) on them. Who doesnt love a quality blowup Dino-tree? 9. Air freshener from a Stick Tree Grab one of those timeless, and fresh scented, air fresheners that already come in the shape of a Christmas tree and dangle it from a stick. In college you have to be open minded. Where you might see an air freshener hanging on a string from a stick, the roomies consider it the equivalent to Time Square’s Christmas tree. Lighting it is a problem though. 10. The Disappearing Dorm Hall Tree It’s there one minute and then quite suddenly it disappears. What’s with that? Doesn’t it defeat the purpose? In case you’re wondering, we’re attempting to get you to infer that the tree was stolen. It happens every year, but every year the dorms have to have their own trees. 11. Any Tree Made in The Lab If the tree was concocted or conjured up in a lab on or off campus, then it definitely belongs in this list. If the person creating the tree is wearing protective eye goggles or even a torch mask, then chances are it could end up being more of a hazard than anything else. 12. Toaster + Branch If there’s never any toast around anyway, why not put it to good use. Hey, it plugs in and they can hold not one but two small Christmas Tree twigs without a problem. 13. Thumb Tacs + Short Light String This is for the more artistic Christmas lovers out there. You buy a string of Christmas lights and then use thumb tacs to put it on the wall in the shape of a tree. If the wall paper is green, or festive, then that right there is an epic tree. 14. Christmas Tree Ladder Like the traffic cone, ladders come pre-molded for use as Christmas trees. Throw a green blanket around it, tape some lights into it, maybe even some tinsel and you’re golden! These are some of our favorites, but we know there’s so many more fabulous trees. The lengths that some of us will go to celebrate the Christmas spirit never ceases to amaze. If you still dont know how to celebrate Christmas, here youll find amazing Christmas party ideas. How about it, what kinds of weird Christmas trees have you seen or created?

Free sample - Intangible Resources and Management Authority in Organizations. translation missing

Intangible Resources and Management Authority in Organizations. Intangible Resources and Management Authority in OrganizationsThe sphere of business is very diverse and every company tries to do its best in order to be the fist in the completive market and preserve its positions. Good presentation and work of the company depends upon its management that performs different functions. The main function of the management is organizing process of work correctly, using the resources of the company in the best possible way. From the one hand it sounds very easy to do, but on the other hand this task is not so easy to do. So, the main obligation of the management of every company is a rational utilization of the company’s assets and resources, tangible as well as intangible. There is a mistaken idea that intangible assets are not very important as they do not play such important role in the successful existence of the company. It is a common mistake of many managerial teams that do not pay enough attention to the intangible resources. According t o Berkeley-Thomas (2003, p. 25), the companies have to genuinely consider a significance of identical or greater effect of such factors as consumer satisfaction, process effectiveness and improvement when coming to a realizing of performance realities. These factors will be additional to an organization’s realizing of financial figures, helping to better understand the significance of otherwise potentially misleading or unfortunate numbers. Most companies do not pay enough attention to the intangible assets that is why the general performance of the company suffers. In this case, experienced market leaders insist on considering the intangible assets greatly, as they are half of a company’s success (Grey, 2009, p. 43). In the findings, the investigation demonstrated that intangible assets, comprising consumer list, brand name,   reputation of the company, and its location are considerably chief elements; in the meantime, the   size of the organization is taken into account, but not that significant. In general, the essence of the intangible resources is quite broad, as it comprises many notions. Intangible assets can also include patents, copyrights, franchise and government licenses, goodwill, and other issues that lack physical matter but give long-standing advantages to the company. Companies should pay attention to the intangible assets as much as they do it on depreciable and natural resources. The charge of intangible resources is methodically allocated to the costs during the asset's helpful life or legal life, whichever is shorter, and this life is never permitted to exceed forty years. The procedure of allocating the value of intangible resources to expense is called amortization, and organizations almost always use the straight-line way to amortize their intangible resources. In order to understand more completely the essence intangible resources that management can draw upon, it is necessary to describe briefly some of them to see how useful they can be for the management of the company to evaluate the level of its performance and success.   One of the first and the most important intangible resources is the brand name. Needless to say, that brand name and recognition is very important for every company as it is the first step for the company’s success. Brand name should be as recognizable as possible in order to make the company well known. Brand recognition is, probably, main form of intangibles. Think about the many name brand organizations and it will quickly be realized the power of intangible assets. Software programs used by the organizations in order to produce or plan their product are one more brilliant example of intangible resources. Reputation of the company is rightfully regarded as another very important intangible resource. It is understood that every company strives for having excellent reputation and be second to none in the market. The question of reputation is necessary to draw upon by the management. For instance, the company, having good reputation as a reliable partner and manufacturer of the qualitative products will likely have more customers as the company, having lower reputation even if its production is as qualitative. So, evaluating the performance criteria of the company and speaking about the work of its management, we can say that reputation of the company is very significant anyway. One more intangible asset considered as important one is goodwill. Goodwill equals the quantity paid to obtain a company in excess of its net assets at reasonable market value. The excess payment may be consequence from the price of the organization’s reputation, setting, consumer list and management team. Goodwill can be recorded only after the purchase of the organization takes as such a transaction provides a purpose measure of goodwill as recognized by the customer. The worth of goodwill is considered by first subtracting the purchased liabilities of the organization from the fair market price of its assets and then subtracting this consequence from the purchase price of the organization. So, goodwill can not be seen at once, it can be evaluated only when the company starts working. Unfortunately, members of the management team and the business board room in a great number of companies all over the world nowadays fail to understand the effect and importance of their intang ibles on the bottom line as the intangible resources are not reflected on a balance sheet. People are in habit to believe stable and proved facts that can be seen visually on the paper and from different documents, that is why, intangible assets are not so popular management strategy because they are not provided in writing.   In conditions of modern current economy a lot of companies can make sure their survivability and sustainability into the post depression era if they are able learn to ruin the brick and mortar attitude that has tainted corporate America. According to the statistics, seventy-five percent of value of any company can be traced to intangible resources (Ramu, 2000, p. 15). One main cause for mistake is a lack of understanding and the incapability of upper management to think outside the frames. The representatives of the management within a company having no ability to think outside the frames have the complexity in demonstrating new ideas to upper management in the usage of intangible resources influence. So why intangible resources are so significant for the company are so important to legitimize management authority? First of all, strong brands effect on consumers’ decision-making processes, as well as making sure that premium prices may be charged. This is mainly true in many businesses connected with consumers. At their best, they symbolize an assurance of excellence and quality and sometimes, when it deals with luxury brands, customers even gain social status from the brand. It can also maintain the fast development of new successful markets. For instance, Tesco, one of the UK’s primary retailers, succeed in penetrating financial services. Surely, the financial benefit of the company arises from intangible resources such as brands and consumer relationships. Intangible resources, therefore, provide with a potential competitive benefit, but being the resources they obviously require specialist management and excellent communication skills. Management’s capabil ity to bring its strategy is extremely dependent on its consumer relationships, brands and performance of main employees – all of which are also intangible resources for accounting purposes. The significance of these factors is obviously very important to a company’s productivity and to the sustainability of future performance of the company. So it will be more correctly to ask how it is possible to improve the management of these resources, rather than ask why it is so important. One more question of the paper that should be discussed is in what way the companies manage their intangible resources in modern market? Important management is concentrated on the brands to guarantee that the brand is exemplified in every sphere of the company’s outside and interior behaviors (Kaplan and Norton, 2004, p. 24). Brands are continually adapted and revitalized to act in response with variable consumer trends and to be in front of the competition, thus increasing their importance and value. But it is often hard to see financial information about the brand being examined and managed. For instance, the amount of money invested in a brand development is not constantly available.   Consumer relationships comprise one more critical intangible resource for a great number of companies. And, just as in the case with brands, there is a shortage of information about main consumers – including the duration of the relationship, the limits and the charge of supporting main relationships. This is particularly relevant to retailers and the production of customer loyalty card schemes points out the significance these organizations attach to this resource. In the modern market retailers now have better understanding of the desires and needs of their consumers. This information can be further translated into charge which could then be monitored and managed on the continuing basis. The financial result of changes to the way in which consumers are managed could then be frequently reported to the board and eventually to external parties. Everything mentioned above proves once again that intangible resources are extremely necessary to pay attention to and draw upon by the management. Although there is a widespread opinion that intangible resources are very significant to the future prosperity of any company, still there is a dilemma concerning their ongoing management as well as communicating their value. The fact that it can be rather hard to get the information required to administer and enhance the intangible resources, together with the understanding of this information, has held a lot of companies back. Nevertheless, investors, analysts and stakeholders insist on the importance of intangible resources, from the point of view of their usage and investigating (Grey and Willmott, 2005, p. 45). They come to realize, that there is a significant information gap concerning rational usage and studying of the intangible resources. That is why, the companies should move towards enhanced intangible asset management and improve systems of their usage.   Intangible resources are important for every company despite its size and sphere of business. Not only is there a co nvincing financial motive for more careful intangible resources management process, the tax and accounting systems are requiring that numbers are billed to intangible resources as part of accounting for attainments. The value of intangible resources is compulsory to be monitored on the constant basis, as it will help the company to improve its performance. Every company has its own intangible resources needed to pay attention to and it is the task of the management to see what asset requires attention and how it van be used to give maximum profits. Reference List Berkeley-Thomas A. (2003) Controversies in Management. London: Routledge. Grey C. (2009) Studying Organizations. ( 2nd ed.) London: Sage. Grey C. and Willmott H. (eds) (2005) Critical Management Studies: A Reader. Oxford: Oxford University Press. Kaplan, R. and Norton, K. ( 2004) Strategy Maps: Converting Intangible Assets into Tangible Outcomes. New York: Harvard Business Press Ramu, S. (2000) International Licensing: Managing Intangible Resources (Response Books). London: Sage Publications Pvt. Ltd

Look for the fax that im sending you Essay Example | Topics and Well Written Essays - 1000 words

Look for the fax that im sending you - Essay Example The firm seeks to thrive through employment of friendlier and skilled staff, which in combination with great prices, is set to propel the repeat business that will be reliable. The firm expects that as the price of medication continues to rise, Inter-Global Medicare will be increasingly be appealing to the clientele’s sense of value, affordability, and convenience. Inter-global Medicare Entrepreneurs has come on board with the best prescription medication that seeks to fill the therapeutic gap that many scientific attempts have failed to break. Antiobesity Treatment, which this firm has developed, is called surgical sympathectomy. This entails administration of tables and a theatre surgical operation that is aimed at removing some of the excess fats from the body. After that, the patient is taken through a physical exercise session for at least two months and utmost five months within the supervision of the experts and within the facility. The degree of efficacy of this prescr iption will be based on the extent of weight loss. Considering the other past and even the present alternative prescriptions to the Inter-Global's drug, it emerges the best in terms of side effects with little body immunity destabilization and physical wellbeing. Objectives The objectives of Inter-Global Medicare entrepreneurs for its first four years in the market include; i. Deliver beyond the customers’ expectations with superior pricing ii. Increase the market size by more than 35% per year iii. Develop a steady business that survives off its own cash flow. Mission The mission statement of Inter-global Medicare is to provide clients with the best prices for their prescription medications. Our convenience and services will exceed the expectations of the customers. Keys to Success The fundamental keys to success by this firm will include; Satisfaction of the customers so that they are always motivated to come again. To ensure that the overhead costs as well as operating cos ts are maintained as low as possible. To provide effective prices that will be affordable to the customers and a cost-sales competitive tool against the other players in the industry. Company Summary Inter-Global Medicare entrepreneurs is located in Upper-Hill commercial center and offers prescription medications at discount prices to customers by mail order or at the store front. Company Ownership Inter-Global Medicare entrepreneurs are private limited liability corporation. It is registered with the national companies’ registrar under the company’s registration act. Products The Inter-Global Medicare Entrepreneurs offers a wide range of prescription drugs to patients based within Upper hill and nationally. Both generics and name brands will be on offer. In order for clients to purchase medications through mail order, they must first contact The Inter-global Medicare Entrepreneurs over the phone. The customer then needs to mail in the prescription, fax it, or email it . Once it is received and payment arrangements are complete, the prescription will be sent out to the customer via the delivery department. Local customers may stop by the store front to pick up the medications. In conducting any form of business, the concern should be over the welfare of the customers. The pharmaceutical industry is particularly delicate too given the implication of wrongful administration of drugs on patients. Based on this, the firm would do everything to ensure the safety

Working Mothers in America's Twentieth Century and Beyond A Social Essay

Working Mothers in America's Twentieth Century and Beyond A Social Perspective - Essay Example Women, in general, occupy a secondary or subordinate position in many societies. Plans have been devised to help working mothers overcome their socioeconomic problems and to provide them with equal opportunities. Instead of increasing productivity, development processes have relegated women into economic sectors that limit social and economic mobility. The 20th century has changed lives and destinies of women, their social, economic and political roles in society. Social change raises new issues about the social meaning of adult identity for women. Many women are marrying later, having one child, and having them later in life than their mothers or grand-mothers did. Before 1900, in all-male government circles, employment policies were being developed which catered for a proportion of unemployed working-class men, but which omitted any specific reference to women. Although the attempts of the 'right to work' movement in the decade before the First World War was to force the State to accept responsibility for creating paid employment for unemployed men have been documented. 1980s-1990s brought a change in social relations and political area allowing women greater participation in workforce and labor relations. Thus, at the beginning of the 21st century, the role of working mother is still limited by their social status (as a mother and a wife). The beginning of the 20th century marked a ne... owever, support for limiting the paid employment of wives and mothers also came from members of the employing class, including some whose family fortunes owed much to the employment of married women. his may have partly stemmed from dislike of the fact that working-class women who had economic independence, particularly those living in areas where women's full-time employment was the norm were relatively active in the women's suffrage movement. The women's almost equal pay and better conditions were offset by longer hours of work (Baxandall and Gordon 1995). These would have been problematic for widows with sole responsibility for young children. Conditions on public works for men were made relatively unattractive, through policy-makers' concerns that men should not come to prefer these temporary schemes to their normal employment; but this was not the case on the women's schemes, nor was it seen as a problem. Although in most of the workrooms the women enjoyed better pay and conditi ons than in their usual work, no concern was expressed that women's incentives to move on to paid employment would be undermined. This appears to have been based on a strong resistance to seeing women, even widows, as having a proper place in the labor market (Anderson and Eamon 2005). Before the WWII, social insurance was considered to be societal protection against those risks viewed as beyond the control of the individual, or risks incurred while contributing to the well-being of the society as a whole. At the core of this perspective was concern with the protection of earned income when earnings were lost temporarily or permanently. Maternity benefits for employed women, as a social insurance benefit, were almost as old as sickness benefits, the oldest such benefit. They were

Compare the Maxwell and Pauly articles on Moral Hazard Essay

Compare the Maxwell and Pauly articles on Moral Hazard - Essay Example People buy health insurance to protect themselves from future financial risks. This is the point of Pauly when issue concerning what motivates Americans to buy insurance is taken into consideration. From economic point of view, Pauly has the point and got it right. However, if this would be the case since he also states that â€Å"people contemplating about insurance are not poor or high risk† (2), most, if not all, Americans must be insured. From Gladwell’s article, there is a significant contradiction to Pauly’s point since Americans spend $5,267 per capita on health care every year and even a visit to their dentists seems to be a luxury (Gladwell, 2005). This only depicts the reality that to be insured in the US for health care is a bit expensive for ordinary citizens, which until now many Americans suffered financial bankruptcy due to unpaid amount of bills from received medicare. Gladwell and Pauly would both agree marginal benefits should be tantamount to marginal costs. However, what Pauly fails to consider is the capacity of every Americans to secure health insurance for each of them. The moral hazard that Pauly would want to point out cannot have full realization if in the first place the Americans do not have the capacity to secure health insurance. In other words, based on Gladwell’s article, the prevailing US health care is not even subject to moral hazard. Pauly’s article might be too presumptuous about the health care system situation in the US by not initiating prior consideration of the minor details just as what Gladwell exactly did. In the first place, consumers could not demand for more health care, as they do not even have one in the first place as what Gladwell would want to clearly state. Personally, I do not want to go the doctor when nothing was wrong with me, even though I might have a very generous policy for my health insurance. In this case, the moral