Archive for the ‘Industry’ Category

Why Did Kmart File Bankruptcy?

Why Did Kmart File Bankruptcy?
A highly popular discount department store chain in the world, Kmart shocked the entire world when it filed for bankruptcy in 2002. The financial problem was very similar to that of Enron, as it almost put an end to one of the most notable retail store chains in history. A company marked with significant highs and lows, it is quite interesting to find out why Did Kmart filed bankruptcy. Reason Behind the Bankruptcy Why did Kmart filed bankruptcy? Then-President Mark Schwartz and former Chairman Chuck Conaway caused a financial disaster when they misled company officials and shareholders regarding a financial crisis. Instead of disclosing millions of income and revenues, the two were allegedly spending the money of the company on different kinds of luxuries. According to reports, they spent...

Why Have Adminstrative Meetings?

Why Have Adminstrative Meetings?
It doesn’t matter what size the company is. The importance of administrative meetings can be essential to its survival and success. Of course any number of things can be discussed there. Some of the common items can include the following. Submitting Proposals and Ideas These gatherings are a great time to present proposals or ideas about running the company. These proposals can be presented for evaluation by the other participants. The agenda can refer to changes in policies or new ways of managing an asset or client. This doesn’t just apply to businesses of course. Even homeowners’ associations can submit revisions at the gatherings. These can refer to security arrangements or regulations. The importance of administrative meetings is that it can give you the chance to study any proposed...

Why is Gas So Expensive?

Why is Gas So Expensive?
Because it’s such a valuable resource, consumers have the right to know why gas is so expensive. There isn’t a single cause though. There are actually several explanations. Demands by Growing Economies The emerging economies of China and India are partly responsible for the increase in oil costs. Statistics show that every year more people there are purchasing cars. This increases the demand in those countries. What happens is that the supply of oil is stretched out. This naturally increases the costs. This doesn’t just apply to China or India. Whenever the world economy is up, the need for oil increases. This is just part of the natural law of supply and demand. So it would be correct to say that emerging economies are reasons why gas is so expensive. Seasonal Demand The weather also...

Why Free News Media is Important?

Why Free News Media is Important?
Because they are so prevalent, few people realize the importance of free news media. The truth is that they form a vital part of any democratic society. Reporting the Facts This is its most basic role. It’s only natural for any government to look or report on only the bright side of things. The news organizations on the other hand, can state the facts. This role is critical to understanding events not just in your country but the world at large. An example would be economic news. While a government may report glowing figures, journalists perform man on the street interviews and stories. This gives you the chance to look at the entire picture. The importance of free news media can also be seen when reporting from various parts of the world. In countries where military juntas rule, people...

Why Are Gas Prices So High?

Why Are Gas Prices So High?
Gas is one of the important commodities in the world because this is used in operating large equipment and vehicles. Unfortunately, gas companies have limited control over the prices of the commodity in the world market because there are various factors that affect the costs of the product. In present days, most consumers complain about the high prices of this commodity. To know why are gas prices so high, it is best to look at the different factors that have great impacts on the costs of this product. Improving Oil Demand Why are gas prices so high? One of the important factors that affect the costs of the commodity is the improving demand of consumers for oil. According to some economists, the developing economies of India and China have great effects on the increasing demand for oil....