Friday, December 27, 2019

2007-2008 Financial Crisis - 1327 Words

The Global Financial Crisis of 2007-2008 The Global Financial Crisis 2007-2008 Economists and scholars spend years dissecting financial markets and evaluating the causes of booms and busts. Throughout United States history there have been multiple economic booms that were underestimated and followed by recessions. In the situation of the 2007-2008 global financial crisis many culprits have been identified as causes, such as loose monetary policy, credit booms, deregulation, over complexity, and greed. Since the economic boom was solely dependent on weak policies and misconceptions, this leads me to believe prevention was possible with adequate regulatory policy, risk assessment and clarifications for commercial banks. Monetary†¦show more content†¦Generally homeowners were required to meet certain qualifications in order to borrow funds for mortgages, also known as prime mortgages. Since the prime mortgage market had receded, lenders were encouraged to lower their requirements for lending and began to allow subprime mortgages. These less responsible homeowners began to default on their mortgages, which turned investment bankers’ stream of mortgage payments into empty houses. Increases in foreclosures raise the supply of available houses, which lowers the fair market values of houses. The prime mortgage homeowners were left with houses that were highly devalued relative to their mortgages and began to abandon their mortgage obligations. Mortgage lenders, investment bankers, and outside investors froze their activities, as they faced possible bankruptcy. Regulatory/Supervisory Inadequacies Deregulation is believed to be the underlying cause of all economic downturns, as its scope of responsibility reaches all markets. In the 1930s the United States experienced a bank crisis that sparked a widespread distrust in the banking system and people withdrew their money from the depository institutions overnight. The sudden retraction of the money supply from the economy caused many banks to close and the economy to suffer. The Banking Act of 1933, also known as the Glass-Steagall Act, was created to insure depositors’Show MoreRelatedThe Financial Crisis Of 2007-20081389 Words   |  6 PagesOne of the most devastating aspects of the financial crisis of 2007-2008 to middle-class America was the crash of the housing market. Millions of Americans were affected and faced foreclosures on homes that were purchased with subprime mortgages. The impact of these mortgages varied state to state. Nevada, one of the countries leading tourist des tinations, led the market in foreclosure rates and housing appraisal drops. The government s false sense of security in regards to the economy and theRead MoreThe Financial Crisis Of 2007-2008994 Words   |  4 Pages The subprime financial crisis of 2007-2008 was brought on by much more than unethical traders. It consisted of multiple variables: the deterioration in financial institutions’ balance sheets, asset price decline, increase in interest rates, and an increase in market ambiguity. This in turn led to the worsening of the adverse selection and moral hazard situation in the market, which led to a decline in economic activity, bringing forth the banking crisis. After the banking crisis, an unanticipatedRead MoreThe Financial Crisis Of 2007 / 2008 Essay808 Words   |  4 PagesThe financial crisis of 2007/2008 had a negative impact on the UK economy, resulting in low growth and high level of unemployment while inflation constantly remained above the 2% target. In thos e extraordinary circumstances focus of monetary policy had to be on growth rather than reaching inflation target, resulting in gradual reduction of the Bank rate from 5.75% in middle of 2007 to its lowest level of 0.5% in the beginning of 2009 (BoE, 2014). Although, a low interest rate led to significant depreciationRead MoreThe Financial Crisis Of 2007-20081419 Words   |  6 Pagesthe recent credit crunch. The financial crisis of 2007–2008, also known as the Global Financial Crisis and 2008 financial crisis, is considered by some economists such as Nouriel Roubini, professor of economics and international business at New York University, Kenneth Rogoff, professor of economics and public policy at Harvard University, and Nariman Behravesh, chief economist and executive vice president for IHS Global Insight, to have been the worst financial crisis since the Great Depression ofRead MoreThe Financial Crisis of 2007-2008541 Words   |  2 PagesThe financial crisis of 2007-2008 had more sounding effects on financial institutions even greater than the crisis brought about by the stocks downfall in the 1990’s. The reason for this is that the financial institutions were at the centre of the whole crisis. And financial institutions being one of the key pillars in a country’s economy, the crisis was bound to have a big effect in US as a whole. So, in order to understand wha t rely happened, it is wise to go through the paper written by NicholasRead MoreThe Financial Crisis Of 2007-2008928 Words   |  4 PagesDefine: Introduction The Financial Crisis of 2007-2008 was considered to be the worst financial crisis since the Great Depression in the decade preceding World War II. The Global Financial Crisis threatened large range of the financial organizations. Although the central banks and other banks were trying to keep away from the crisis, the stock market still suffered a huge decline internationally. Other than the global stock market, the house market was also influenced greatly, causing the unemploymentRead MoreThe Financial Crisis Of 2007 / 20081914 Words   |  8 PagesThe financial crisis of 2007/2008 had a negative impact on the UK economy, resulting in low growth and high level of unemployment while inflation constantly remained above the 2% target. In those extraordinary circumstances focus of monetary policy had to be on growth rather than reaching inflation target, resulting in gradual reduction of the Bank rate from 5.75% in middle of 2007 to its lowest level of 0.5% in the beginning of 2009 (BoE , 2014). Although, a low interest rate led to significant depreciationRead MoreThe Financial Crisis Of 2007-2008 Essay2367 Words   |  10 PagesWhen discussing the financial crisis of 2007-2008, it is incredibly important to discuss the relevance of the government bailout and organized sale of Bear Stearns. There is a large amount of discussion behind whether or not Bear Stearns, a large investment based financial institution, should have been bailed out by the US government. The decision to bail out and have a government-orchestrated sale of Bear Stearns was an incredibly complicated situation to discuss and there are parts of which cannotRead MoreThe Global Financial Crisis Of 2007-20081123 Words   |  5 PagesThe Global Financial Crisis of 2007-2008 is the worst financial crisis since the 1930’s The Great Depression (Reuters, 2009). Even if bailouts of banks by national governments prevented the collapse of major financial institutions, worldwide stock markets continue d to drop. Evictions and foreclosures overwhelmed the housing market while severed unemployment embraced the labor market (Baily and Elliot, 2009). This global financial crisis was responsible for the decline in the consumers’ wealth, andRead MoreEffects Of The Financial Crisis Of 2007-20081763 Words   |  8 PagesFinancial crisis of 2007-2008 is widely considered to be the worst financial crisis since the Great Depression of 1930s. The origin of this big storm dated back to the high home prices of the United States. After America’s entire investment banking system was attacked, many industries such as auto industry also went bankrupt. Unfortunately, it spread quickly to the whole world, causing huge damages to the global economy. Therefore, my study will focus on the effects of the financial crisis of 2007-2008

Wednesday, December 18, 2019

Definition Of Wellness As A Quality And State Of Being...

Merriam-Webster define wellness as a quality or state of being healthy. In common, wellness is defined as the motion of changing one’s lifestyle and embracing health enhancing behaviors. The notion of improving the state of health has a long history in an American culture. Common themes of eating right foods, exercising, weight control and quitting smoking have been wildly spread in the last century and are echoed in every health promotion and disease prevention programs. Wellness programs have been incorporated into law in forms of exceptions to promote health and reduce costs associated with absenteeism, healthcare spending and insurance premiums. The author of the article â€Å"Critical Perspective on Wellness† published in Journal of health politics, policy and law in 2014, argues that today’s workplace wellness programs give provision for discrimination. Moreover, the Patient Protection and Affordable Care Act further facilitate discriminatory treatment of e mployees based on their health status. The corporate wellness programs have been criticized by many due to its tendency to be moralistic and capricious. Many sociologists like, Peter Conrad, Howard M. Leichter argue that those programs despite of focusing on improving employee’s health statue, are more of a form of corporate control and give rise to discrimination based on health, weight, pregnancy and so on. According to the author recent policy changes and increase in corporate wellness programs that are written intoShow MoreRelatedObesity in America: Management and Control716 Words   |  3 Pagesa condition defined as being more than 30 percent above the ideal weight based on height. In the United States, obesity prevalence doubled among adults between 1980 and 2004 (Ogden, et al., 2007). By understanding the magnitude, causes, and impact of obesity has on our society we can find ways to control this widespread phenomenon. Health Promotion strategies offer a promising avenue for mitigating this problem. According to Fred Kuchler and Nicole Ballenger (2002) being overweight or obese areRead MoreHealth Promotion975 Words   |  4 Pageseducation to individuals, families and communities that encourage family unity, community commitment, and traditional spiritually that makes positive contributions to their health status (Definition of wellness.Com). It is our job as providers to promote health by any means necessary to improve community wellness. The purpose of health promotion in nursing practice is to deliver health information to individuals and the community. The goal is to enlighten the community of all available servicesRead MoreThe Theories of Health Promotion1775 Words   |  7 Pagesfederal budget. State governments spent $127 billion on Medicaid in 2009. This figure represents 9.9% of all state budgets. This level of spending not to mention the inevitable annual increases will be difficult, if not impossible, for states and the federal government to maintain in the future. It is estimated that tobacco use, inactivity, and poor nutrition cause 70% of all chronic diseases. These diseases account for approximately 75% of all medical costs in the United States, furthermore theyRead MoreUnderstanding Health And Health Promotion1348 Words   |  6 PagesThere is a wide spectrum of perspectives on the definition of both health and health promotion. I have determined that there is no â€Å"correct† way to describe these concepts, but multiple conceptualizations of each. An individual’s health status can be determined using a wide variety of factors, and there are several different methods of promoting health. This paper aims to identify the concepts that I believe define health and health promotion most accurately, based on my personal opinions and experiencesRead MoreEmployee Health And Wellness Definition Essay948 Words   |  4 PagesEmployee health and wellness definition. According to Chenoweth (n. d.) â€Å"the health status of your empl oyees directly influences their work behavior, attendance and on-the-job performance . . . improving employee well-being will result in a more productive workforce† (p. 1). The purpose of an employee wellness program is to promote healthier employees who because they are healthy are happier more productive employees (Danna Griffin, 1999). Wellness programs have positive outcomes for both the employerRead MoreHealth Is A Measurement Of Quality Of Life766 Words   |  4 Pagesfirst comes to mind I simply think not being sick. However, after further contemplation I realize it also encompasses a state of being sick. There can be good health and bad health. Therefore, health is a measurement of quality of life. Everyone has a different definition of the word, a different perspective of how to measure quality of life. The World Health Organization, WHO, famously defines health as a state of complete physical, mental and social well-being and not merely the absence of diseaseRead M oreCharacteristics Of Emerging Industries1738 Words   |  7 PagesExecutive Summary Firstly, a brief and broad definition and description of emerging industries. There will then be a summary of the characteristics of emerging industries. Introduction An emerging industry can be described as an industry in the foundational part. It can also be explained as the instituting of a completely innovative new industrial value chain or the drastic transformation of one in existence and it is usually pushed by ideas that could be considered disruptive and could lead toRead MoreReflection Paper to the movie Happy1374 Words   |  6 Pagesï » ¿Katherine Diamandis HPR 62 Wellness, Lifestyle, Health, and Happiness Happiness comes from within. Many people could be living in the same environment and facing the same challenges but some seem to be happier than others. No matter what one’s challenges are, it is one’s choice and decisions to live a happy and content life. There has been an unfounded belief that the rich are happier than the poor but research has given contradicting results. I cannot say that I have lived a happy life butRead MoreCause And Effect Of A Gun Shot Wound Be Treated With Affirmations And Prayer785 Words   |  4 Pagesproperly be call illness. We could properly consider the person in recovery to not yet be well. Affirmation and prayer may be effective at this point, in re-establishing a state of well-being. Though studies have not shown that this has a beneficial affect on one’s physical recovery, an increased sense of wellness is by definition of benefit to their health. Holmes properly uses the term illness when recommending a course of spiritual mental treatment; but it would be a mistake to think that everyRead MoreCause And Effect Of A Gunshot Wound Be Treated With Affirmations And Prayer771 Words   |  4 Pagesre-establishing a state of well-being. Though studies have not shown that this affects one’s physical recovery, an increased sense of wellness is, by definition, of benefit to their health. Holmes properly uses the term illness when recommending a course of spiritual mind treatment; but it would be a mistake to think that every condition can be treated in this way. Not every condition that requires treatment is an illness. There are physical, medically treatable, conditions that are caused by one’s state of

Tuesday, December 10, 2019

Constitutional and Administrative Law B v United Kingdom

Questions: 1. Read the case of B v United Kingdom (2006) 42 EHRR 11 and answer the following questions. a. With reference to decided cases, briefly explain the extent of protections under Article 12 ECHR b. Summarise what the case B v United Kingdom (2006) 42 EHRR 11 is about c. Explain the relevant law being challenged in the case and the British governments arguments against the appeal. d. How does the court reach its decisions? Do you agree with the final decision? Answers: 1(a): The ECHR under Article 12 upholds right to marry as a Human Right. It states that everyone has the right to marry (Grigolo 2003). In B and L v UK (Familylaw.co.uk 2005), the ECHR observed, the Act of 1949 and the Marriage (Prohibited Degrees of Relationship) Act 1986 violates the Article 12. According to the Act it debars a father-in-law and daughter-in-law to marry if eithers former spouses are alive. This was a human right violation, as death of former spouses is contingency are as children outlive parents. 1(b): Case Synopsis: Valerie Mary Hill and Alan Monk, the petitioners sought the ECHR as they felt their right as per Article 12 was being violated by the existing laws in UK. The laws debarred them from marrying as they were daughter-in-law and father-in-law and their spouses were alive. The ECHR held that the laws in force violated their right to marry and found a family and adjudicated in favour of the applicants as per rules under section 4 of the HR Act, 1998 (Legislation.gov.uk 2016). 1(c): The main point of argument was based upon existing Marriage Act, 1949 and Marriage (Prohibited Degrees of Relationship) Act 1986 (Sections 1(5)(b) and 1(5)(c)). The Government argued that the parties were prohibited as per the First and Second Column of Part III, First Schedule. They were against it due to moral reasons and social impact of such act as both of their former spouses were alive. 1(d): The Court found that the laws in question were in violation of Article 12 of the convention and it applied Article 41 in adjudication. The judgment is agreeable as grounds against the applicants marriage was not justified (Brems and Gerards 2014), as the law itself was not sufficient in restriction. Thus we may conclude saying that the adjudication was justified. References: Brems, E. and Gerards, J., (2014).Shaping Rights in the ECHR. Cambridge University Press. Familylaw.co.uk, (2005).HUMAN RIGHTS/RIGHT TO MARRY: B and L v UK (Application no 36536/02). [online] Available at: https://www.familylaw.co.uk/news_and_comment/b-and-l-v-uk-application-no-36536-02#.VpC6MLZ97IU [Accessed 9 Jan. 2016]. Grigolo, M., 2003. Sexualities and the ECHR: Introducing the universal sexual legal subject.European Journal of International Law,14(5), pp.1023-1044. Legislation.gov.uk, (2016).Human Rights Act 1998. [online] Available at: https://www.legislation.gov.uk/ukpga/1998/42/section/4 [Accessed 9 Jan. 2016].

Tuesday, December 3, 2019

What Does Marxism Tell Us About Economic Globalisation Today

Introduction Of late, there has been a significant rise of interactions between countries. They are interacting mostly in terms of trade and technology. It is rare to get a country that has no trade link with others. This is because there is none that has enough resources to cater entirely for its requirements. This then brings the issue of globalisation, viewed as the process by which countries â€Å"share† what they produce, buy, or sell, with others around the globe.Advertising We will write a custom essay sample on What Does Marxism Tell Us About Economic Globalisation Today? specifically for you for only $16.05 $11/page Learn More This is no more than trade, and hence economic globalisation, which result to the establishment of global markets. Though economic globalisation has been there before, its today’s rate of occurrence is a bit higher. Many views have been given concerning it and among them, are the Marxism views. Marxism pictur es today’s economic globalisation as being destructive, unstable, among others. Marxism view of economic globalisation â€Å"The need of a constantly expanding market for its products chases the bourgeoisie over the whole surface of the globe. It must nestle everywhere, establish connexions everywhere.† (Marx 1975). According to this quote, economic globalisation in the unseen nature of capitalism, is spreading at an alarming rate and soon it will be everywhere around the globe. Marxists points that this globalisation is depriving the world of its heritage and traditions and owing to the crises therein, the whole world is seen to be approaching a permanent disaster. Marxism mentions capitalism pointing out a number of capitalist continents, Asia, Africa, not sparing Antarctica. Though, crises are known to be more in the developed countries of today, Marxism reckons a time, based on today’s observations of capitalism, when the globe will be industrialised, a situ ation that will render the world economy unstable. Marxism predicts that as this unfolds, the world will slowly be approaching a depression. Marxism movement bases its arguments on the entire globe criticising the rising capitalism. Besides this, Marxism has presented a precise view of the misuse of labour as well as the changes arising in the field of politics. Marxist economic analysis shows that currently, the United States leads in capitalism posing that it is experiencing a high competition from Japan, among others. In the near future, not far from today, Marxism presents the view that, these capitalist countries will be many and their oppression to the working class will be on the peak covering virtually the entire globe. This is why Marxism posits that the economic globalisation of today carries with it the destruction of the globe.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Con clusion Though it was highly criticised, virtually all the predictions made by Marxism are evident in today’s economic globalisation. Mass redundancy, world capitalist calamity, introduction of technology that would bring about the reduction of working hours, world-wide fall of profit levels, the rising living standards, not sparing the third-world war, to mention a few, were among the issues Marxism pointed. It stands out that almost all are being experienced today in the whole world. It is deducible that Marxism had the picture of the state of the global economy as possessing the aforementioned characteristics, which are evident today. Reference List Marx, K (1975), Manifesto of the Communist Party, Moscow, Progress Publishers. This essay on What Does Marxism Tell Us About Economic Globalisation Today? was written and submitted by user Joseph B. to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Wednesday, November 27, 2019

word cited essays

Farenheit451 w/word cited essays No books and the government's promotion of televsion dimishes society's ability to think and to communicate is what Ray Bradbury's Farenheit451 displays. Firefighters of the future have a different job then presently. In the future, they are to burn books to stiffle the intellects of the society for the government. Because the homes are fire proof, there is no need for them to focus on the homes. The government promotes television to occupy society from conversating with each other and expanding their thinking abilities. Ray Bradbury's Farenheit451 illustrates and that this censorship Guy Montag is a future firefighter who is a model citizen of the government. Montag is a typical person of the future because he does not question the authorities or wonder about his job and the point of burning the books. After work one evening, Montag meets an abnormal teenage neighbor named Clarrise. Clarrise is abnormal because she and her family talk which is different unlike the vast majority of typical future families that just sit in front of the television. Montag and Clarrise would talk every night as he arrives home from work. Montag notices the lack of intellect and vastness and depth of conversation with people. He begins to think of books and televsion in different ways. This leads him wonder about his life as a firefighter and if what he is doing is the right thing to do. "The sun burnt every day. It burnt time...So if he burnt things with the firemen and the sun burnt time, that ment that everything burnt! One of them had to stop burning. The sun wouldn't certainly"(Bradbury 141). Montag notices this more while at work. A call about a woman hiding books in her attic is reported to the firestation. They respond to the call to find the attic has books in it. The firefighters toss all her books outside. As the firefigh ...

Saturday, November 23, 2019

The Top 7 Conservative States in the U.S.

The Top 7 Conservative States in the U.S. While there are plenty of red and red-leaning states in the U.S., a few are known for being especially conservative, including Tennessee, Louisiana, Wyoming, South Dakota, and Texas. These states share many similarities: low taxes, low unemployment rates, limited business regulations, and right-to-work legislation (which bans union security agreements, thereby weakening the power of unions). Each state also has a history of conservative leadership and a culture that reflects traditional conservative values. Key Takeaways: The Most Conservative States The most conservative states in the U.S. are known for their low tax rates and limited business regulations. Other hallmarks of conservative states include low union membership, limited gun laws, and high religious participation. In Wyoming, 59 percent of residents identify as Republican or Republican-leaning, making the state (by this metric) the most conservative in the U.S. Tennessee Nina Dietzel/Getty Images Tennessee has no state income tax and some of the lowest property taxes in the nation. The state offsets these low taxes with higher sales taxes, and as a result, a significant percentage of Tennessees taxes are actually paid by nonresidents. Memphis, Nashville, and Knoxville are all popular tourist areas that help bring in out-of-state dollars. Tennessee is also a right-to-work state, and as of 2018, only 5.7 percent of its workers are members of a union. The state is known for its conservative culture, with 42 percent of residents identifying as conservative (the national average is 36 percent) and 49 percent identifying as very religious. Louisiana Kylie McLaughlin/Getty Images The Pelican State has low personal income taxes and sales taxes, making it a popular state for small business owners. Like Tennessee, Louisiana is a right-to-work state with low union membership. As of 2018, the state unemployment rate was 4.7 percent, slightly higher than the national average. Louisiana has been a popular state for conservative initiatives such as education reform and business deregulation. Politically, the state leans to the right, with 45 percent of residents identifying as conservative and only 17 percent identifying as liberal. Louisiana also has very limited gun laws; it allows open carry without a permit and does not require handguns or long guns to be registered with the state. Wyoming grandriver/Getty Images By polling alone, Wyoming is the most conservative state in the nation, with 59 percent of residents identifying as Republican or Republican-leaning. Like other conservative states, it has very low tax rates across the board, and close to 70 percent of Wyomings revenue comes from nonresidents through sales taxes. The states economy is driven by oil and natural gas production, and the people consistently elect staunch conservatives to send to Washington. (One of the states current representatives, John Barrasso, is considered one of the most conservative in the Senate.) Conservatives also love this state is because of the popularity of hunting- a $300 million industry that brings in plenty of out-of-state dollars. Low population density is also a draw for conservatives who prefer rural culture. South Dakota    South Dakota has no state income taxes or inheritance taxes, giving it the lowest per capita state tax rate in the country. The sales tax rate is only 4.5 percent. Electorally, the state has been moving to the right over the last few decades. In 2004, conservative John Thune upset Democratic Minority Leader Tom Daschle, taking one of the states Senate seats. Thune won reelection in 2010 and 2016. Very few of the states residents identify as liberal- only 16 percent- while 41 percent identify as conservative. State politics are largely controlled by Republicans, and South Dakota has not elected a Democrat as governor since 1974. Business regulations in the state are very limited; in 2012, South Dakota ranked second on the Tax Foundations list of the most business-friendly states. Texas    Like the other states on this list, Texas is known as a business-friendly environment (it gets a Top 10 ranking from the Tax Foundation). A large part of the economy is devoted to oil and natural gas production, which has increased under the states conservative leadership. Of the residents, 42 percent identify as conservative and only 18 percent as liberal. Texas has not voted for a Democrat for president since 1976 when Jimmy Carter won a narrow victory over Gerald Ford. In 2012, voters in the state delivered a big win for conservatism in the U.S. Senate by propelling Ted Cruz- a champion of government deregulation and a flat tax- to an easy victory. Texas has also produced such conservative leaders as George W. Bush, Phil Gramm, and Rick Perry. North Dakota   RiverNorthPhotography/Getty Images Like its neighbor to the south, North Dakota has relatively low taxes, and the Tax Foundation rates the state as the 20th most business friendly. North Dakota has been very conservative since its inception when businessman John Miller was elected governor in 1889. The Republican Party has dominated the states politics for more than half a century; the last Democratic governor was George A. Sinner, who served from 1985 to 1992. Residents are overwhelmingly conservative. According to a 2017 Gallup report, only Wyoming is more right-leaning. Mississippi Geoff Eccles/Getty Images Mississippi is known for its deeply religious, conservative culture. Polling shows that conservative views, including opposition to same-sex marriage, are even more common here than in other parts of the Deep South. Political opposition to social welfare has driven the state to cut entitlement programs such as Medicaid and food stamps; nevertheless, the state is one of the top recipients of federal aid. Mississippians are highly religious, with 74 percent of residents describing their faith as very important and another 15 percent as somewhat important. About half of residents attend religious services at least once a week, and three-quarters report that they pray daily. Since 1976, when the state voted for Jimmy Carter, Mississippi has not chosen a Democrat for president.

Thursday, November 21, 2019

Specific ways in which the internet has changed the way businesses Essay - 5

Specific ways in which the internet has changed the way businesses operate in the global marketplace - Essay Example Without a doubt, like any other technology tools or applications, this technology is just a technology and it depends on a firm how effectively they make use of this technology. In fact, if this technology is used effectively it can bring a large number of opportunities for the business organizations. For instance, the use of the Internet allows business organizations to catch attention of new customers, retain business relationships with old customers and suppliers, deliver its products and services in a better way, communicate with customers and other stakeholders through more efficient and professional ways, gather data about customers, preferences and retrieve it speedily, and buy and sell more products. In addition, a large number of firms have attempted to make use of the Internet as extraordinary much more than it is (Ray 269). The majority of business organizations as well as individuals are moving their businesses from traditional business infrastructures to web based business environments, believing that by some means this would differentiate them from other business organizations. Without a doubt, a business organization can make use of this wonderful technology in a number of ways and in every application of the Internet brings a wide variety of benefits. In each for, Internet technology offers a number of capabilities. For instance, the Internet plays the role of a bridge for the communication of data. In addition, the Internet is a system that establishes and retains connections with any computer connected to it. In fact, if a company puts its full efforts to have control over these two rules or facilities, it can make use of this technology with greatest aptitude to improve the business (Ray 269). Moreover, the Internet minimizes the gap between the organizations and their customers as it allows business organizations to get access to global markets and reach broad categories of people at the