воскресенье, 8 февраля 2009 г.

Economy essay

How does snow effect British economy?

 

            Recently Britain has suffered almost a billion pounds loss. This happened because of the snow. The main point of this essay is to explore the reasons why the problem of snow was greater than expected. We shall look through the problems of the weather change and the effect it made on the economy by going through such aspects as: workers were forced to miss work, additional expenditure on getting the snow out of the streets, financial aid giving to elder people, and other expenditures

            Demand of some firms such as cafes, restaurant, shops which sales winter seasonal clothes, cleaning companies which have snow cleaning machines and private doctors was increased because people prefer spending their money in warm cosy atmosphere. There are some positive externalities like children can play snowballs, creating snowman and sledging (fun for children).  Also there will be more tourists who want to take pictures.

            As I was mention before many workers couldn’t get to their job. Most of the schools were closed, because teachers couldn’t get to work.  it causes negative externalities like different diseases/headaches for young/old population. Canceling railways, car, buses and airplane departures, so people couldn't get to their places on time. Snow also causes traffic jams, car crashes. So businesses such as Insurance, Finance and other businesses located in the center of London suffered greatly from problems with transport. The whole stock exchange has faced reduced activity and FTSE(financial times stock exchange) 300 has went down. 

Long term effect of school closures might effect overall quality of future labour. This in

turn might slow down potential growth of the economy and make the country uncompetitive.


In conclusion the overall effects of severe weather conditions has further damaged UK's economy already affected by global financial crisis.


            

среда, 4 февраля 2009 г.

Exchange rate in Kazakhstan

About 2 hours ago I received an important call, from my friend, about exchange rate in Kazakhstan. So 10 hours ago current rate of dollar was: 
120 tenge - 1 dollar. but now it's 160 tenge per dollar
For compare I put some more information:
10 hours ago
1 USD - 120 Kzt, where USD - United State dollar, Kzt - kazakhstan tenge
1 Euro - 160 kzt
1 GBP - 179 kzt, where GBP is great Britain pound(who didn't know yet =-./  )
Now:
1 USD - 160 Kzt
1 Euro - 196 Kzt
1 GBP - 170 Kzt
We can see huge difference in numbers. 
I hope that I counted correctly:
Change in percentage:
USD grow up by 25%
Euro 18% up
GBP 5% down

Please correct me, if I'm not correct.
Btw(by the way) I'm predicting that this rate of currency exchange will hold for 2 weeks...
Thanks for reading my blog! 

среда, 28 января 2009 г.

Asking for help!

Every time, when I opening my blog, I'm always thinking about how to switch language on this ... blog. 
Who can help me, and show me how to switch it?

I'm still don't know what i have to write about...

I listened to a http://podcast.ft.com/ podcast. So I don't to write all this down, but I will just wright that is all about job losing insurance)))

понедельник, 19 января 2009 г.

2nd statement

I don't know what i have to write about, so i will wright about something... which connected with business studies:)
So... my business idea is to create and sell special! Unique glasses with different brands for observing the eclipse!! I know it sounds crazy, but imagine, that during eclipse everybody will have a try and look at it, instead of playing computers game or watching porn and masturbating. 
price: 1000£
quantity: 10000 items

Yeah! returning!

I finally returned to blog! I returned even didn't started yet! I'm AuSOME!!! 
So it was first statement, wish m good luck in this term, because i will continue blogging everyday... =-/