Credit Card an Example of the Topic Economics Essays by

Credit Card On February 25, 2009 in Wall Street Journal Mary Pylon wrote about AmEx asking its customers to close their credit card accounts. As a stimulus, AmEx offered its clients a $300 prepaid gift. Pylon (2009) suggests that "the unusual move underscores how quickly conditions have deteriorated in the credit-card market". While mortgage crisis has become the source of major economic pressures, credit card companies still fight to survive. It should be said, that credit card holders are not given any choice; and if they do not agree to close their accounts by February 28, they will not receive the gift, but their accounts will still be closed. That means that for the customers who have sizeable credits but do not use their credit cards actively, AmEx will offer a gift in exchange for getting rid of them. Need essay sample on "Credit Card" topic? We will write a custom essay sample specifically for you Proceed Each customer was sent a letter with a code which, if submitted online, automatically cancels the card. If the customers agree to cancel their cooperation with AmEx and to close their accounts, they are not charged additional fees and are subject to the same interest rates. At the same time, for those who are late with payments, AmEx has already increased lateness fines. Moreover, the customers who agree to close their accounts, even voluntarily, damage their credit history. In simple terms, AmEx says "we want you out and we want to entice you financially to get out" (Pylon, 2009), and the more cards the company cancels, the more likely it will to survive the crisis. I chose this article because getting rid of credit card holders is new to the credit market. That means that companies and bank institutions do not have any other choice, when trying to increase their cash resources. They are no longer interested in customers who have low credit activity. They do not want customers to be late with payments. The crisis leads companies to the situation, when they need to invent new unusual methods to generate profits. With AmEx, closing credit card accounts has become the critical measure. It is very probable, that other credit card companies will take this example in order to survive the crisis, even if these measures damage customers' reputation. References Pylon, M. (2009). AmEx encourages cardholders to leave. The Wall Street Journal, 25 February. Retrieved March 13, 2009 from http://online.wsj.com/article/SB123542259989852121.html

Communism couldn essays

Communism couldn essays Communism assumes that humans do not have this primal instinct for survival, which, to paraphrase a line from Moo_Cow, is a bullshit mentality at its best and an insanely delusional one at its worst. Communism assumes that humans will not fight for resources, that the strong will not mind watching their strength be leeched off of by those unable or unwilling to produce for their family. Communism encourages laziness and does absolutely nothing to ecnourage productivity, because, there is no incentive to work. If someone who is weak is only going to get fed anyway, then what is the point of working? Likewise, why bother working if all of your hard-placed work is going to support someone else's family and not yours? Communism is a system that penalizes the talented, the strong, and the ambitious and rewards the lazy, the inept, and the lethargic. Further still, Communism assumes each person is inherently equal and that each job is of equal value. THIS IS CATEGORICALLY UNTRUE. All people are NOT equal; All people do NOT have the same intellectual and physical capacities. Some people are born with natural intellectual or physical advantages over the general populus, and these advantages are based on genetics. A highly-intelligent person retains that mental capacity for abstract thought and higher-thinking in no matter which class you place him. Likewise, someone born with metabolic genes that give him a brawny disposition has an advantage over someone who is not born with these genes. It is a harsh reality, but it is reality nonetheless: Some people are physically smarter than others; some people are physically stronger than others, in such ways that those not possessing the same advantages as these people find themselves at a definite and absolute DISADVANTAGE that is extremely difficult, if not impossible, for some to overco me. Someone who is born stupid or born with a mental deficiency CAN NEVER become as smart as Einstein. An averag...

Company Motivational Profile Fedex Essay Example | Topics and Well Written Essays - 500 words

Company Motivational Profile Fedex - Essay Example â€Å"Motivation is†, Kreitner views, â€Å"the psychological process that gives behavior purpose and direction.† (1995: 241) Thus motivation is simply the principal factor behind performing something purposeful towards some particular direction. â€Å"Motivation is an inner drive†, Higgins states, â€Å"to satisfy an unsatisfied need.† (1994: 19). Motivation is an urge that supports man during the course of the fulfillment of some tasks individually and collectively. Motivational factors are tremendously significant not only for the employees during their job in a corporate firm, so that they can be proved more and more productive for the organization and workplace, but also its role is imperative one for the companies and organizations for the enrichment of their sales volume and creativity as well. Like other organizations and companies, the world’s leading courier service of Canada i.e. FedEx has also articulated comprehensive motivational schemes for inducing the employees and extract best possible outcomes by meeting the targets and achieving the goals. The management of FedEx has introduced rapid growth opportunities as well as incentives and rewards for the employees on the one hand, and an imperative share in the profit the company earns because of the hard efforts and dedicated and result-oriented performance of the employees on the other. Hence, this global organization offers multiple motivational opportunities for the employees, which are highly supportive in expanding the business of the FedEx courier service in over 160 countries of the world. â€Å"FedEx customer service managers know how important it is to recognize and reward their employees. Customer Service has a wide variety of recognition programs, with a combination of cash and non-cash prizes as inc entives. The BZ (Bravo Zulu - a US Navy term meaning well done) is a monetary reward manager can give to any staff member for exemplary service.†Ã‚  In addition, the company offers the employees with complete medical facilities through the team of competent medical professionals, as well as a regular medical check-up, compensation and remuneration on meeting accidents while performing office duties, 30 annual paid leaves and job security assurance.