Definition:
Issues and events related to the Government that affect a business' set wages.

2
Politics and the government has the ability to control the interest rate and thus the economy which affects the wages a business can implement.

· God’s hands program donated 900k to help sub Saharan African children 

· All the money provides help only to non-gay victims 

·  Help non-Muslim in Indonesian rebuild homes 

· Provide pro life victims of the Guatemalan flood(SATIRE) 

POLITICS 

· 1938 fair labor standards act 

·  Minimum wage over time 

· Steadily increasing but the value lessens because of inflation 

·  Highest at 1968. with around $10.75. Johnson as president 

· Begins declining and by 2014 is only 7.15 (really goes down because of bush) 

·  In 1930’s on minimum wage people can afford money 

 

LEGAL 

· 310 million people, 3/10 want health care reform, 3/10 don't, 3/10 don't care 

· Health care reform law 

· The problem: cost 

·  Health insurance is too expensive, premium is 14k a year and doubles each year 

·  Populations is aging, more health problems 

·  Highest cost in the federal budget 

· Insurance can be turned down for having preexisting conditions 

·  Life time limit 

· Small business might not be covered because some employees are sick 

·  1/7 have no insurance 

·  2/7 minimum insurance 

Phase 1 (-2014) 

·  Solution: limited in how they spent premium dollars, spend too much on administration profit and they must give back 

·   Free vaccinations and screening 

·  Medicare gets more help 

·  Young people remain in family insurance until age 26 

·  Small businesses get tax breaks 

·  No lifetime limit 

· Illegal to turned down kids with preexisting conditions 

· Those rejected can be in a high risk pool. 

Phase 2 

· Medicaid will cover all low income individual in every job 

· Tax credit for those unemployed 

· Buy coverage in the exchange (info and field of choices of insurance for competitive rates) for individual who need insurance 

· Cannot charge them more if their sick 

ECONOMIC

·  Credit crisis 

· Fiasco in subprime mortgages forced credit market 

· Who’s affected. Everyone 

· Brings home owners and investors together 

·  Home owners represent mortgages and investors represent money and institution 

· Banks in wall street are connected to houses in main street 

·Usually investors go to the federal reserve to get more money 

· .com bust turned the federal aid to 1% ROI 

· Cheap credit, borrowing money is easier for banks 

· Banks go crazy with leverage 

·  Someone with 10k can borrow 99k and get 1M, buys 100 boxes and sells if for 1.1M, pays back 990k and 10k and gets a 90K profit 

·  Leverage increases profit 

· how banks make money.

·  Wall street takes a lot of credit and pays the bank back 

·  Investors sees it and wants their actions 

·  So this is done through mortgages 

·  Down payment for mortgage broker which connects to mortgage lender. Broker gets commission 

·  Lender gets call form investment banker who then sells it mortgages 

·  So every month he gets the payment for the homeowner’s mortgages 

· Collateralize debt obligation divided in 3, safe, okay and risky 

SOCIAL 

· Since 1965 Australia population has doubled. Each year there’s are 400k people 

· Culturally diverse. i/4 aren't born in Australia

more people in Sydney than queens land  

· Aging population 

·  Organization brand and product is one generation away form extinction 

builders 1925 - 1945
1946-1964 baby boomers
1965 1979 gen x
1980 -1994 gen y
1995 - 2010 gen z 

· As the year goes by technology is introduced and is spread faster. 


TECHNOLOGY

· photovolatic glass, 

· LCD television glass  

· large format ultra thin frameless design
architecture display glass
architecture surface glass
appliance veneer glass
handheld display glass
automotive display glass
automtoive design glass
large format display glass
all weather surface glass
wall format display glass
work surface display glass
electornis ready glass
large pane display glass
flexible display glass
3-D TV display glass
basically everything is connected, touch screen and easy.

Planet eath 

Year 1800 1 billion 

year 1930 2 billion 

now 300 000 baby – each year grow by 2% 

in sydney, melbiurne 

1925-1945 builders 

Baby boomers 1946-1964 

Gen X: 1965-1979 

Gen Y: 1980-1994 

Gen Z: 1995-2010 

Organization brand profuct 

Time to reach 50 million ppl 

Internet-4 years 

Ffacebook – 4 months 

Video 2 (Technology):
Photovoltaic glass 

LCD tV glass 

Architectural display glass 

Architetctural surface glass 

Appliance veneer glass 

Handheld display glass 

Automotive design glass 

Large format display glass 

All weather surface glass 

Wall-format display glass 

Work surface display glass 

Electronic ready glass 

Large-pane display glass 

Flexible display glass 

3d tv display glass 

Protable display glass 

Video 3 (Economics):
Crisis of credit - world wide FIASCO
 everyone is affected
 COC bring 2 groups together - wall street
 years ago investor waiting for place to invest their money
 1% low return on investment, makes borrowing money easy.
 Leverage works: buy 10000 go borrow 99000, 100 box sells 1100000 for 100 box, pay back - more profit
Investor buys the morgates

safe okay risky – Collateral DO

Video 4 (Environment):
Video 5 (Political):

1962 Bob Dylan
1974 impeachment

1975 wheel of fortune
1978 BEE GEE
1979 US and China diplomatic
1980
1981 Ronald
1990 wrecking
1991 UN set ceasefire
1996 Bob dole
1997 Princess Diana funeral
2008 Bush enacts
2014
1968 10.75
1960s enough to fill whole basket 

Video 6 (Legal):
Health care reform law - the problem: Cost, full of holes in system(lifetime limit)

Solution phase 1:
the insurance limited, and forced to give some of it back, free medical care, small business get small tax
310 scaled into 25
 

Video 7 (:

the different eras make people change their tastes and interests 

Video 6 (technology)
Smart Homes
tech becomes more advanced and innovated.
everything becomes easier and more convenient

most technologies seen are touch screens to allow the users to operate it easily and in a more flexible way.

vid 3:Legal
- Exchange - insurance companies are being supervised to have a fair playing field
- cost is a major issue in the reformation of health care
- insurance policies (some) are not affordable
- govt monitors how much is used for insurance companies (?)
- some services will be free (medicare)
- tax breaks to pay for health insurance
- no lifetime limits
- illegal to turn kids with pre-existing health conditions
vid 4: Economics