Can Anyone Steer this Economy Essay Example | Topics and Well Written Essays - 500 words

Can Anyone Steer this Economy - Essay Example The question at hand is of the condition of the family if the value of their home rises while their wages decrease (Mandel). Unfortunately, the statistics to answer these questions are not available, but there are different scenarios that can give a common sense solution to the question at hand. First of all, bonds have hit an acceptable low, which is good news for the home buyer (Mandel). If a homeowner encounters a decrease in their income but their home value increases, the chance of refinancing their home to consolidate their debts at an affordable rate is better with lower interest rates. This can put a family in a stable situation while the money lasts, but with the fluctuating mortgage rates, they may encounter a situation in which refinancing is not an option. On the other hand, if a homeowner's home does not raise in value and their income increases, they may be able to work out a longer term solution rather than refinancing their home. Those with higher incomes are able to contribute more of their money to savings and retirement funds than those with lower wages. That way they are able to have funds available in case of a rainy day. Michael Mandel states in his article that "the broad-based drop in incomes is being driven more by the rise of China and India." He also states that "Globalization has

Business skills(IT SKILLS) Essay Example | Topics and Well Written Essays - 500 words

Business skills(IT SKILLS) - Essay Example Presenting these studied facts and figures of the opposite party during the course of negotiation, shows the awareness of the negotiator and prohibits exaggerated statements from the other party. It also portrays a better picture of the negotiator on the other party. Points to be discussed and emphasised should be sorted out before the negotiation deal. Arguments on each point should be worked out. This exercise will save the time and confusion and also save the discussion session from getting bore. Documentary proofs of the facts should be kept and presented when required, to generate confidence. Enough opportunity should be given to the other party to present its views. This may lead to some points which the negotiator planned to discuss, but are automatically agreed upon by the other party. Behaviour of an expert negotiator during the meeting may always remain clam and friendly. Even if unpleasant things go on, he or she should keep cool and try to mould the things in his or her favour. Negotiator should never show extreme gestures like over-excitement, or perturbed. A good negotiator should be a good listener. An expert negotiator peeps into the eyes of the other party while presenting his or her views. This is a psychological action.