Tuesday, October 18, 2016

Walmart in the Works

Wal-mart is a leading competitor with the various other super markets there are today. They are currently offering some of the lowest prices on big name labels along with employing millions of Americans. They have also been known to have lower wages for the workers as well. However, the hope is wages to change and go up in the future of Wal-mart. For the past decade, CEO's have been putting their faces out in public through advertisement. In the past it only happened once in a while due to things like problems in the company. They usually feared negativity from the public, but now it is used to show that even the person at the top is whiling to identify the problems and make things right with the people. Wal-mart over the summer nationally advertised that 2.7 billion dollars was going to be put towards better training for the employees along with an increase in wage. Wal-mart is trying to prove to Americans that there is opportunity there along with a value of being a customer or employee. 

Casino Crimes

China has decided to take a stand and put its foot down when it comes to its people and casinos. Over the past years, the casino company Crown has been doing well in regard to its total revenue. However, there has been some recruiting going on that will be ended soon. Within the Crown company, certain employees held positions that required them to seek out high rollers in other countries and bring them along with their stacks of money into the casino. In order to do this, representatives would do things such as treat wealthy Chinese men to things like expensiveness dinner and drinks. Yet in China, the act of gambling is still illegal. There are certain things that permit the Chinese to still be at a casino, but the act of many wealthy ones spending large amounts of money at a time to support other markets just wasn't an option anymore. Last year, 1/3 of Crown's total revenue in the casino came from the recruitment of foreign investors, China being a key player. After China cracks down how many jobs will be lost and what will be the financial outcome of Crown? This shouldn't be illegal in my opinion, it's only a business tactic to take money from those who can afford to loose it.

Saturday, October 8, 2016

Insulin Outcry

As you may already know, those who suffer from the disease diabetes require an additional supply of insulin in order to live. Those who have been uninsured and need this product have struggled the most. The market is financially making it very difficult to acquire the needed medication even though the producers of it have not been benefiting like they should. Just like the Epi pen, prices have soared from around 115 dollars a vile in 2009 to a whopping 250 dollars a vile during present day. However, the big producers are not seeing a rise in share from greater sales. Instead the middle man pharmaceutical organizations offer rebates and discounts on these medicines to those eligible. Entirely this has caused the big producers to actually make less money on the drug today compared to 2009 where the market price was significantly lower too. This makes it extremely difficult for those who are uninsured to afford these products. Along with that, even the insured are having troubles with this as well. A price increase of a health product you need in order to live results in the insurance deductibles going up. Deductibles for annual health products like this can be up to 4000 dollars and higher. Many people can barley afford this but have to have it in order to live. This only puts them deeper into a hole of financial risk though. For a lot of people it's the loss of a safety net. I believe restricting someone in a life or death situation is unethical by businesses and instead they should be more apparent accommodate to specifically the consumers needs.