Illegal immigrant Essay Example | Topics and Well Written Essays - 750 words

Illegal immigrant - Essay Example With the downfall of the United States economy, finding jobs has become a difficult and almost impossible task for many people. Many businesses are unable to afford to take on new workers, or potential employees are either under-qualified or overqualified. Illegal immigrants, on the other hand, are finding no problems whatsoever in obtaining employment, finding the few jobs that are willing to pay employees regardless of their citizenship. Since these immigrants are illegal, they are either using fake identification cards to get their job or are else being paid under the table, and therefore are not contributing to state or federal taxes. If a legal resident of this country were in that job, the money they would make would be going to taxes, which is part of being an American. These taxes also help the state of the economy. Furthermore, when these illegal immigrants take on these jobs, they are taking away job opportunities for people that legally have a right to be working in this c ountry. Numerous news broadcasts have revealed that many places are hiring illegally, despite the fact that there are many legal people in this country who need a job just as bad as the person who obtained the employment illegally. Children of illegal immigrants have also shown to put a great strain on legal Americans in the school systems because of their inability to speak the dominating language of the classroom, which is English, and this can slow down the progress of the classroom. When young illegal immigrants enter this country, they usually do not know how to speak, read, or write in English. This has caused school systems to put these children in a level of immediate priority, slowing down the progress of the rest of the class so that those children can catch up. They are unable to keep up with the rest of the class, and instead of seeking help outside of the classrooms; teachers must use class time to ensure that those non-English speaking students understand what it going on. This slows down the rest of the students, and it is all for the sake of just a couple of students. Instead of learning the language of the country that they are immigrating to, they instead make it difficult for the rest of the students to learn as they attempt to grasp what they are being taught. In a few of my classes, the lessons would have to be stopped so that the non-English speakers would be given the chance to either have the information translated for them or explained in a way, usually through a combination of English and sign language, so that they may understand what is being said. Similarly, colleges have begun to pay special attention to the citizenship status of students, though not in a way that benefits legal residents. Unable to afford schooling, which is something that many people can currently relate to, illegal immigrants are given the scholarships and grants that should rightfully be given to the students that legally reside in this country. Many American college-hopefuls have found it to be increasingly difficult to obtain the money they need to attend school because someone else is receiving it. More often than not, that someone else is illegal and should not be receiving government funds. Finally, illegal immigrants are depleting the resources and opportunities that are reserved for legal residents. Some of

Analysis of a Bankruptcy for a Firm Essay Example | Topics and Well Written Essays - 1000 words

Analysis of a Bankruptcy for a Firm - Essay Example As a result of this, it becomes imperative to predict if any firm has chances of going bankrupt. Accurate forecasting of bankruptcy enables a firm to take corrective actions, and thereby reducing losses, and possibly even prevent bankruptcy. Hence, bankruptcy prediction is a topic of great interest and attracting a lot of research. There are two kinds of bankruptcy prediction models, generally found in the literature. The first is the accounting based models, which include logistic regression models. The second category is the market-based model, which include Merton Models. Fitzpatrick (1931) used the approach of using ratio analysis to compare bankrupt and successful firms. His univariate model of using 13 ratios to indicate failure was first attempt of such kind to predict industry failures. However, no significant relationship could be established between the model and failure. The work done by Beaver (1966) is considered as the first pioneering work in the field of bankruptcy prediction. He proposed that the firm can be seen as a â€Å"reservoir of liquid assets, which is supplied by inflows and drained by outflows. (†¦) The solvency of the firm can be defined in terms of the probability that the reservoir will be exhausted, at which point, the firm will be unable to pay its obligations as they mature†. Beaver used 30 ratios to develop a univariate model. These ratios were applied to 158 companies, half of them as bankrupt and the other half as successful firms. The finest ratios were the â€Å"working capital funds flow/ total assets†, and â€Å"net income/ total assets†. These ratios correctly identified 90%, and 88% of the cases. This study was followed by Altman’s model (1968, 1983). He applied multiple discriminant analysis to 33 pairs of bankrupt and successful firms. He proposed that bankruptcy could be explained by using a combination of 5 financial ratios.  Ã‚