There is no doubt that the recent introduction and rapid growth of the new "shared economy" companies have materially changed the landscape of long-standing industries. With this change has entered benefactors, victims and much controversy and debate as to the overall merit and value these companies add to communities and cities both domestically and worldwide. Also, because of the continuing growth of these shared economies, the existing and impacted populations and government bodies are too in flux, responding and evolving. Essentially then, the battleground is regulation; specifically the how, what, when, where and why of regulation is what is being debated, challenged, litigated, legislated, protested and formulated worldwide, in municipalities of all sizes and in the various industries that the shared economy companies have been able to enter, and in some cases dominate in a short time, literally having taken a substantial market share. Although San Francisco is a flashpoint of current regulatory tug of war for various industries, especially in transportation and housing, the Airbnb and its impact has been on the minds of legislators worldwide for at least a couple of years. In December 2014, Sawatzky listed 45 government bodies that were in the process of addressing the impact of Airbnb in their communities. Sawatzky states that “in most cases the intention seems to be to create more precise definitions of “short-term rental,” to implement oversight
Affordable housing has become the paramount issue of cities and dense urban areas. San Francisco is the posterchild of an unaffordable city that regardless of immense investment from blue chip firms like Google, Facebook, and their ilk of startups evaluated at $1 billion or more, policymakers and elected officials must wrestle with the housing affordability crisis that is considered endogenous to swaths of homelessness and record statistics on crime. In New York City, Mayor Bill de Blasio has made affordable housing the centerpiece of his legislation and championed the cause as a social justice issue—neighborhoods must remain affordable to maintain diversity for all races, ethnicities, and low-income families. A small sample of 827 New Yorkers by the NY1-Baruch College City Poll found the main concern of respondents was affordable housing while crime, jobs, and homelessness were peripheral problems (Cuza, 2016). The public discourse on how to address housing across the United States has pointed to negative externalities that surround rent-regulation and homeownership. Conversely, for this essay I will present various cases in order to illustrate the housing crunch is influenced less by housing and land regulations, or antagonistic homeowners but is induced by global market forces.
“I took a trip to Oakland, California and fell in love with the area. We stayed at an Air B&B for the three days of our stay and the house was absolutely beautiful, it looked like my dream home. Despite all the glitz and glamour around us we noticed a large amount of homelessness compared to Columbus. We found out that this property is not someone’s home but a house used strictly as an Air B&B. When you hear something like that and see the amount of homelessness it makes you wonder how many of these homes are strictly for show? So after researching I found out, the reason for the rampant homelessness can be attributed to large increases in rent. Even worse, the cause for the increase is due to Silicon Valley” (Kasongo, 2017). Unfortunately, rent increasing virtually overnight is the reality of many low-income families. This situation is called gentrification and is felt throughout the world, from the Midwest, East coast or even Western Europe, no region is immune to this process. Gentrification in the Midwest is extensive and wide causing the displacement of many low-income minority residents which can lead to even bigger issues.
In this essay I will discuss a few terms and how their relationships apply between regulation and market structures, as well as how regulation policies affect the market.
The Regulators were a violent group. The leaders that were involved included Herman Husband, James Hunter, James Few, Charles Harrington, and Benjamin Merrill. They were dissatisfied with the colony’s wealthy, upper class leaders, who they considered corrupt and who imposed high taxes on the colonials. They rose up in rebellion against the Eastern tyrants. The culmination of their frustrations was directing their violence against the local and colonial leaders. After the battle, Tryon’s army traveled through Regulatory territory, where the Regulators sign loyalty oaths and destroyed properties of active Regulators. He raised taxes to pay for his militia’s defeat of the Regulators.
1. Transcontinental Railroad-It started from Sacramento and Omaha, Nebraska and met in Utah. It took many land and the railroad companies made profit by selling the extra land they didn’t need.
(e) The department shall attempt to place an elderly resident in a less restrictive setting if the department determines
Worldbank (n.d.) states, “Everything that grows also changes its structure. Just as a growing tree constantly changes the shape, size, and configuration of its branches, a growing economy changes the proportions and interrelations among its basic sectors- agriculture. Industry, and services and between other sectors-rural and urban, public and private, domestic- and export-orientated (para. 1) Hodson & Sullivan present that (2008) “A post-industrial society is based on services. Hence, it is a game between persons. What counts is not raw muscle power, or energy, but information” (Bell, 1976, p. 127). The essay will explain the work in modern America, including the positive and negative aspects of the service and knowledged-based economy and Americas place in the global economy. Discuss the interconnectedness of immigration, globalization, democracy, and corporate power, and how the changes in the workplace, and increasing service orientation of the economy has affected my life.
As the bay area technology boom continues, so has one of residents’ basic needs: the cost of housing. According to U.S. Census data five of the top seven fastest growing counties in California are in the bay area, with the fastest growing county being Alameda (2010). Since the 2010 census, it was estimated Alameda would add a little over 100,000 residents by August of 2014. With the increased population the cost of living has also increased, especially housing costs. From January 2014 to January 2015, the average rent in Oakland increased by approximately 20 percent in a city struggling to deal with housing demands (Zillow, 2015).
Globalization is having a huge effect on most cities across the United States of America, no matter the size, The role it plays is extremely obvious in the town of Columbus Indiana. It has recently started facing more issues of globalization as Cummins, the city’s largest company, has started to expand. They have needed to bring in talent and employees from across the globe. This has changed the way a lot of local businesses run, including Aaron Joslin. Mr. Joslin has worked for his own company since his father hired him out of high school, “I have seen this company grow from a weekend hobby, my father had when I was young, to now being a job that takes more than forty hours a week and an increased warehouse size.”(Joslin).
In this case, a summary sheet which contains 14 sets of financial data from 14 different industries is provided. The task is to match 14 different firms with 14 industries by distinguishing the differences (e.g. sources of financing, profitability, the inventory turnover and the accounts receivable collection period) in the financial structures.
As I stare at the grey walls enclosing the classroom, I begin to wish they were a different color, maybe something brighter, something darker, anything else but grey.
In 1990s America, obtaining freedom from governmental control became a social preoccupation. Starting with liberalism’s demand for increased individual freedom, what began as a small movement eventually transformed into a culture-wide fight for social justice and economic growth to create a free market where, ideally, no government would be needed. Activists term this modern movement “neo-liberalism,” or global market liberalism (capitalism), which calls for free-trade policies. While adopting such a system for American cities has been advocated by many people for its economic benefits, it also necessarily creates new relations between the city government and the residents who live there, which in turn affects the urban environment and social relations within the city. The question is a persistent one in our place and time: to globalize, or not to globalize?
New entrants in the industry that are battling to have a share of the market
Marx said that due to the global market and market growth “the place of the manufacture was taken up by the giants” (Cohen and Fermon, 448). Industry taken up by the giants meant that local companies would be lost to international conglomerates. For example, in New Orleans there was a local drugstore named K and B that had been there for more than seventy-five years, it was bought out by Rite Aid a national corporation because it could not compete with the prices Rite Aid was charging.
There are various government structures in organizations although they are different from one branch of the government to the other. The structures help the government manage its economy efficiently. In the economy a too big to fail firm (TBTF) exists and it is defined as one that its complexity, size, critical functions, and interconnections are in the sense that in case the firm goes into liquidation unexpectedly, the rest of the economy and financial system will face severe consequences. The government provides support to TBTF companies not because they favor them but because they recognize implications for an advanced economy of allowing a disorderly failure outweighs the cost of avoiding the failure. Helping the TBTF firms enable the economy to realize high revenue. Various activities are to prevent their failure. They include providing credit, facilitating a merger, or injecting the capital of the government. The paper addresses the structures of the administration and the concept of too big to fail in financial and non-financial institutions plus the ethics involved with the theory.