Look at payday loan laws
In Peter Hull’s article“Bill would limit payday lending”，he stated two different people’s opinion to the payday lending. The lawmaker Clemmons introduced
legislation in South Carolina that he want to charge $5 for every $100
borrowed and 36 percent for annual fee rate. He thinks it is too high for
borrowers at existing state law regulations. However, Jamie Fulmer who is the
investor relations company director argued that no industry can operate at
such a low interest rate. Therefore, this law is not advocated.
It is clear that Clemmons’s action is right. Payday lending is special by its
high risk. For most rich merchants. If they fail, they could fall into a very difficult situation, Moreover, poor people do not have chance to realize their dream by borrowing money. Nevertheless, Clemmons consider more about poor people who need money and he decreases the risk of the lending. The legislation should be supported because it will stop people from getting into debt, give poor people more opportunities and help students buy their books
First of all, as Clemmons’s new laws that he cut payday fees by two-thirds
of just 5 dollars for every 100 dollars borrowed is sure to work for people from getting into debt. For the reason that payday lending is always short-term loans. Some borrowers can not pay back the money on time, then they can not redeem the check and finance charge. Finally, they will face a big finance trouble. In “Payday loan” the author claims, “Borrowers may not understand
that the high interest rates are likely to trap them in a "debt-cycle"(n.d, para.1
0). High rates loan always make them in a tight place and block them to do something important. In contrast, low interest rates will relieve borrowers the hard suffering of the heavy loans.
Second, low payday loan is a way of doing benefits to the poor community and give them chance to borrow money for their bad situation. There is always a wrong concept that poor people have bad credit standing for borrowing money. This is a mistake. Muhammad Yunus was the winner of the 2006 Nobel Peace Prize. He runs his Grameen Bank and advocated that lend small amounts of capital to people who from the poorest countries. His proposal arrested more reaction in the world. got In the world. Upon closer examination, though it is just a small business, for some people they also earn the reputation and do good for the whole society. Thus, it is important step for poor people to decrease the high interest rates.
Finally, low rates loans also assist students to buy their high price books. In “Textbook prices increase” the author states, ”PIRG survey findings said textbook prices are increasing at more than four times”.(2005,para.2.). In fact, Some courses such as technical or computer, a lot of books are need to use .It is also not cheap. Many students concern about this when they get into college. Nevertheless, students now can borrow money and then after they graduate or they can do part-time job during the free time to pay back their loans. Students who have their dreams can get their needs from this regulation.
In conclusion, low interest rates can help people get through debt
problem ,aid poor people get rid of bad situation, assist students finish their graduation. Looking on the future, it will be more considerate. More people get loans to create their career that will provide more jobs to other people. In addition, people who borrow money can be easy instead of getting pressure. Hence, we should advocate the Clemmons’s new law.

Reference
Payday Loan.(n.d.). Retrieved April 14, 2007 from http://en.wikipedia.org/w
iki/Payday_loan
Sica.G (2005 February,2).Textbook prices increase.Retrieved May 2, 2007 http://media.www.dailytargum.com/media/storage/paper168/news/2005/02/02/PageOne/Textbook.Prices.Increase-848690.shtml.

Money Really Bring us Happiness

Many years ago and including now, most people think that people who have

more money will be greedy or cheeseparing. However, this is an extreme opinion.

The problem of this opinion is people not the money. Actually, money plays very

important role and indeed it can buy us happiness, because it can provide us

educational, physical, environmental benefits.

First, money can benefit us in educational field. Good education costs us lots of

money in our life now. With the development of high technology, this kind of toys are

popular in the children’s toy market for intelligent education. However it is usually in

high price. Moreover, we don’t need to worry about the increasing tuition in the

university now if we have money. In China, many parents want their children can

study overseas for the advanced educational technology, like in Europe or America. It

must cost lots of the savings of the family. It may cost parents about $1,0000 tuition

one year for their child studying in US. This almost consumes the most income of the

family. It’s obviously confirmed that money can buy our education.

Second, money plays a good role in our physical problems. We can buy good

health insurance for ourselves. There are some insurance companies provide

high-level service like nice ward, food when we have an accident. In addition, if some

people don’t like their appearance or something wrong with it, they can change it. For

example, they can try high-technology plastic surgery. It is not negative things that it can change people’s whole life or build their confidence. For these reasons, physical

problems could be a big issue in our life if we don’t have money.

Third, money can give us good environment. Good living place is the basis for

whatever like study, entertainment or work. If we live in exclusive residential district,

comfortable living environment embraces us everyday and hard-training security will

protect us for stealing. On the other hand, some people comfort with the quiet places,

but it is always a lot of parties at night around campus . If we have money ,we

can change a lot until we find a nice place. Good environment can surely help

our life happier. Money can’t buy happy, but it can buy our environment.

My opponent’s argument is that more money make family fights. This is not

true. In fact, money can also stop fights .For instance, in China, if children have

problem on money the fights among them will happen for taking care of their elderly

parents because medical fees always cost them a lot of money. In contrast, rich

family usually have no chance to argue on their finance issue. In our vacation, we can

travel around world with our family, we can undertake the luxurious 5stars hotel,

playing the Disney Land, tasting different country’s food. We see a lot of family fights

due to lack of money. Money is very useful in our life now.

It is certain that having money can help us a lot and provide more fun to our life.

It is a material society at the present day. Money can satisfy our requirement for

study, health problems and living places and that is what our happiness come from. In

addition, money could not only meet our needs but other people who lack or need it

by contributing money to relief fund or orphan. If we can think it over and use our

money to help these people, the happiness we create will have different meaning to us.

Research Paper

Outsourcing　Lead　The　Way To Success
Industry has changed rapidly in recent years. The structure of the companies grows to an efficient way to gain more profits and provide high service to the society. Thus, that’s the reason more and more companies tend to outsource. Outsourcing deeply affects the big companies. It has became a global useful method among the most companies. According to Whitney(2004) “Outsourcing can have significant economic value to the enterprise. Many strategic business drivers encourage learning organizations to outsource specific functions.”(para.1).This is because outsourcing has created more benefits to the companies. To sum up, outsourcing can reduce costs, provide high level quality products to the customers, focus more on the core business products and promote other countries development.
Outsourcing is “Outsourcing is contracting with another company or person to do a particular function.” ( n.d.para.1). In general, companies decide give their part work of the products or service to other small companies which have special ability in a particular field. As a result, the companies receive ideal high quality products and good service. In the past, during the 1800s and 1900s, most companies were integrated organization. They established their company, produced the products and controlled the all lines of the process. In1980, most organization began to outsource for the reason that they did not have competency internally, and they do the outsourced work just located in the same countries. In contrast, in 1990, a wave of big companies decided to outsource for the sake of cost saving by distributing to other over labor countries. In addition, they wanted to focus on their core business. Nowadays, the trend of outsourcing moves to the information technology(History of Outsourcing, n.d, para.1.).For example, more companies in U.S outsource software and call center to other countires. However, there are always some people from government against the outsourcing because the companies are easy to lose their new technology or original idea. On the other hand, most of the companies still make good use of outsourcing's benefits.
The first advantage of outsourcing is that it can reduce the expenditure of a company. This is a major factor for most of the companies. Advanced equipment is important to produce the high quality products. On the other hand, it is also a large expense for a company. If company find way to outsource non core products to others who already have these facilities, it is wise. For example, Pepsi company can outsource their package work to other companies who have specialized in producing good package of products facilities. In this way, the companies can not only get beautiful package for their product but save lots of money for the non core equipment. Moreover, it also can save the the labor cost. “the movement of U.S. jobs overseas due to cheaper labor costs.”(Kiker, 2004.para.2). Company capital is the most important part. Outsourcing can realize their desire to save cost.
The second advantage of outsourcing is that it provides extremely high level quality products or service to the customers. If the companies are not expert at their one part of their process, they outsource to other people who have extraordinary talent for it. For instance, ooutsourcing device manufacturing to other countries has become increasingly popular in the last several years. According to Gross.&Heinold(2005), “significant improvements in Chinese manufacturers’ sophistication, technology, and—most importantly—product quality have made China much more popular for medical device OEMs.”( para. 2). This means that with the development of other countries, advanced technology is not only in developed countries. In addition, other countries such as Indian and some southeast Asia are the places that gather with good working lines. Therefore, many firms believe that they can make good use of outsourcing to supply good service to the customers.
The third advantage of outsourcing is that the company can focus more on their core business. In” The 10 Most Powerful Words in Outsourcing “ the author,states,” By outsourcing non-core specific functions to an outsource provider, the business entity then can go back to what they do best-their core business.” (n.d.para.3). To a competitive firm, time and money are so important for them. Company can do more efforts on core products by searching new idea through outsourcing. According to Meryl (2006)” increased focus on their core business, those that have made innovation part of the process have seen the greatest rewards.”(para.6). Innovation makes company success. For this reason, putting their non-core tasks to others counties instead of the energy and thoughts to do more important things. It is sure that they do more work on their core business will have more chance to win other companies.
Finally, outsourcing can help other countries develop quickly. Most of the
products and services which are outsourced are not high knowledge things. So
they do not need good educated employees. According to the article,” Microsoft
Plans to Outsource More, Says Ex-worker” the author says that”Microsoft
continues to hire thousands of new employees a year in Redmond, but the pace
of hiring has slowed. Simultaneously, it has increased work in China”(Dudley,
2005, para.6). Low rate employment can gradually disappear in some area.
Except China, many people in Indian Russia also get job due to outsourcing. In
“Prudential angers unions by outsourcing more jobs to India” the author says
“Prudential is one of a number of UK firms to outsource a large part of its back-
office and call-centre operations to India and employs almost 4,000 people in
Asia.”(2006, para.8). Therefore, our global economy develop so fast through outsourcing.
However, the opponents argue that companies may lose their new technology out to other countries. This is not true. What companies outsource are the low-tech tasks. Company will develop more their new technology products and create profits at last. Jeffrey(2004),writes “While low tech jobs are going to India, the Indians are performing these jobs on equipment made in the US, and their newfound wealth is being spent on US exports.” (para.8). Moreover, company can have more competitive opportunities by outsourcing. Quittner(2006) states that ”Offshore outsourcing has become indispensable to many U.S. banking companies in the last decade as they strive cut information technology cost and stay competitive.” (para.1). Through outsourcing, companies today gradually try to get forward new vision of their goal. They do more innovation to our world living life.
In conclusion, outsourcing has proven to benefit not only companies but the whole society. It also changes the way we work. Now more and more companies tend to outsource towards IT field such as software, call-center and web application. As a result of this strategy, many large firms which most locate in United States find out that there are more advantages to outsource because it will save the cost , prove high quality products to the customers, have more energy on the core business and create more job chance to other countries. It is obviously seen that they go far out to the world. To sum up, companies should expand this strategy.
















Reference

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