Barack Obama - Second Weekly Transition Address

Barack Obama Second President-Elect Weekly Transition Address Broadcast 15 November 2008 Today the leaders of the G-20 nations, a group that includes the worlds largest economies, are gathering in Washington to seek solutions to the ongoing turmoil in our financial markets. Im glad President Bush has initiated this process, because our global economic crisis requires a coordinated global response.And yet, as we act in concert with other nations, we must also act immediately here at home to address Americas own economic crisis. This week, amid continued volatility in our markets, we learned that unemployment insurance claims rose to their highest levels since September 11th, 2001. Weve lost jobs for ten straight months nearly 1.2 million jobs this year, many of them in our struggling auto industry. And millions of our fellow citizens lie awake each night wondering how theyre going to pay their bills, stay in their homes, and save for retirement.Make no mistake: This is the greatest economic challenge of our times. And while the road ahead will be long, and the work will be hard, I know that we can steer ourselves out of this crisis, because here in America we always rise to the moment, no matter how hard. And I am more hopeful than ever that America will rise once again. But we must act right now. Next week, Congress will meet to address the spreading impact of the economic crisis. I urge them to pass at least a down-payment on a rescue plan that will create jobs, relieve the squeeze on families, and help get the economy growing again. In particular, we cannot afford to delay providing help for the more than one million Americans who will have exhausted their unemployment insurance by the end of this year. If Congress does not pass an immediate plan that gives the economy the boost it needs, I will make it my first order of business as President. Even as we dig ourselves out of this recession, we must also recognize that out of this economic crisis comes an opportunity to create new jobs, strengthen our middle class, and keep our economy competitive in the 21st century. And that starts with the kinds of long-term investments that weve neglected for too long. That means putting two million Americans to work rebuilding our crumbling roads, bridges, and schools. It means investing 150 billion dollars to build an American green energy economy that will create five million new jobs, while freeing our nation from the tyranny of foreign oil, and saving our planet for our children. It means making health care affordable for anyone who has it, accessible for anyone who wants it, and reducing costs for small businesses. And it also means giving every child the world-class education they need to compete with any worker, anywhere in the world. Doing all this will require not just new policies but a new spirit of service and sacrifice, where each of us resolves to pitch in and work harder and look after not only ourselves, but each other. If this financial crisis has taught us anything, its that we cannot have a thriving Wall Street while Main Street suffers. In this country we rise or fall as one nation, as one people. And thats how we will meet the challenges of this time together. Thank you. Source:Â  https://www.loc.gov/ Source: https://en.wikipedia.org

Tesla in Turkey Essay Example | Topics and Well Written Essays - 1750 words

Tesla in Turkey - Essay Example The automotive industry is very important after the construction and tourism sectors (Saee 194). This industry creates the country’s highest multiplier. Furthermore, the industry intertwines with other industries such as marketing, fuel, finance, service and insurance. Any changes in the automotive industry are important to the country’s economy. The best approach for Tesla Motors in this country is to cooperate in the production and marketing fields. This increases the company’s capacity in the country’s automotive industry. The company enjoys more economic competition, innovations and investments for new models. In short, the automotive industry in Turkey is lucrative and with the right market entry strategies, Tesla Motors will enjoy significant profits. From a political and legal perspective, the country has liberalization (Nas & Mehmet 41). Turkey is a key supporter of liberal trade and investment policies that permit trade with countries in the Europ ean Union. The custom union of 1996 allowed Turkish firms to expand and become more successful internationally (Altug & Alpay 25). Turkish exports have continuously increased by 10% on an annual basis showing the trading potential of the country. The country charges sales tax, inclusive of VAT and exclusive consumer tax, on all motor vehicles. These taxes are higher compared to those other developed countries. The sales tax comprise of almost 19.2 percent to 117.1 percent. The country’s legislation on motor vehicle changes rapidly depending on changes in technology.

Case Studies Essay Example | Topics and Well Written Essays - 1500 words

Case Studies - Essay Example The key market players of the pharmaceutical industry are the companies originating from USA, Japan, Europe, China, and Brazil. The medicines manufactured by the leading pharmaceutical companies are prevalent across the globe. USA is regarded as the world’s largest market of pharmaceutical and is the also the world leader in the Bio pharmaceutical research. 80 Percent of the research and development in pharmaceuticals is conducted in the laboratories of USA (Select USA, 2013). However, USA is largely dependent on the import of generic drugs and 40 percent of the pharmaceutical is consumed in USA (Select USA, 2013). It is believed that the present market situation of Biologic, over the counter (OTC), and generic drugs reflect the potential of the pharmaceutical market (U.S. Bureau of Labor Statistics, 2011). As per the reports of House of Commons, UK around 650 million prescriptions are prescribed by the general practitioners of United Kingdom (UK) itself (House of Commons, 200 5). The National Health Service which is one of the leading medical organizations of UK sells medicines worth ?7 billion every year and 80 percent of these medicines are manufactured by branded companies (House of Commons, 2005). In the UK the pharmaceuticals industry is regarded to be the most profitable sector after Finance and Tourism. Majority of the pharmaceutical company’s revenue is generated from the USA because it is the world’s largest free pricing market for pharmaceuticals. Marketing Environment Analysis The marketing environment analysis will help us in indentifying the factors that affect the company directly and indirectly. The macro environmental factors affect the activities of the company directly and the micro environmental factors affect the activities of the company indirectly. The micro environmental factors constitute of environmental factors like suppliers, distributors, competitors etc. The macro environmental factors constitute of demographic, economic, socio cultural, political, physical and legal factors. The PEST analysis will be instrumental in determining the external threats and opportunities faced by the pharmaceutical industry in the USA. Political Factors Department of Health The US department of health is a government body which regularly monitors the activities of the pharmaceutical companies. The main task of this government body is to scrutinize the license, clinical trials etc of the pharmaceutical companies. Economic The medicines manufactured and sold by the pharmaceutical companies are expensive because these companies incur huge amount of research and development costs. Post recession majority of the established pharmaceutical companies have closed down their research sites because the cost of research and development is too high and the profit earned by these companies is minuscule (The Guardian, 2013). It is observed that the most of the pharmaceutical companies are incurring losses due to the current economic slowdown (Gallagher, 2012). Socio Cultural Factors The sales of the medicines in the USA are largely influenced by the ageing population and the increasing obesity among the youth. Although, post recession the purchasing power of the common people has reduced the demand of the medicines and