The Monetary And Fiscal Policy Of Iceland

The Monetary And Fiscal Policy Of Iceland The country of Iceland is the smallest economy within the Organization for Economic Cooperation and Development (OECD) with a gross domestic product (GDP) in 2007 of about $11.8billion. The Icelandic economy has been based on marine and energy resources. More recently, Iceland has developed a very strong services sector, which accounts for two-thirds of the economic output. Since the start of the decade i.e. from 2000, Iceland has experienced particularly strong growth in its financial services sector. Trade accounts for a large share of Icelands GDP, with imports accounting for 46% in value and exports accounting for 35% in value of goods and services of GDP. Icelands main export item was fish and other marine products until the year 2006, when Iceland began to capitalize on its abundant thermal energy resources to produce and export aluminum. A combination of economic factors over the early to mid-2000s led to Icelands current economic and banking distress. In particular, access to easy credit, a boom in domestic construction that fueled rapid economic growth and a broad deregulation of Icelands financial sector spurred the banks to expand rapidly abroad and eventually played a role in the eventual financial collapse. Iceland benefited from favorable global financial conditions that reduced the cost of credit and a sweeping liberalization of its domestic financial sector that spurred rapid growth and encouraged Icelands banks to spread quickly throughout Europe. The 2008-2009 Icelandic financial crisis was a major ongoing economic crisis in Iceland that involved the collapse of all three of the countrys major banks (Kaupthing, Landsbanki, Glitnir) following their difficulties in refinancing their short-term debt and a run on deposits in the United Kingdom. Relative to the size of its economy, Icelands banking collapse was the largest suffered by any country in economic history of the world. This was the main reason why Iceland had to suffer so much in the crisis. Commenting on the need for emergency measures, Prime Minister Geir Haarde said on 6 October 2008, There [was] a very real danger that the Icelandic economy, in the worst case, could be sucked with the banks into the whirlpool and the result could have been national bankruptcy. He also stated that the actions taken by the government had ensured that the Icelandic state would not actually go bankrupt. At the end of the second quarter 2008, Icelands external debt was 9.553 trillion Icelandic krà ³nur (à ¢Ã¢â‚¬Å¡Ã‚ ¬50 billion), more than 80% of which was held by the banking sector. This value compares with Icelands 2007 gross domestic product of 1.293 trillion krà ³nur (à ¢Ã¢â‚¬Å¡Ã‚ ¬8.5 billion). The assets of the three banks taken under the control of the FME totaled 14.437 trillion krà ³nur at the end of the second quarter 2008. MONETARY POLICY Monetary policy is the process a the government, central bank, or monetary authority of a country uses to control (i) the supply of money, (ii) availability of money, and (iii) cost of money or rate of interest to attain a set of objectives oriented towards the growth and stability of the economy. Monetary theory therefore provides insight into how to craft optimal monetary policy. Monetary policy is contrasted with fiscal policy, which refers to government borrowing, spending and taxation. During the financial crisis, Icelands monetary policy credibility had been very seriously damaged. Unsatisfactory inflation outcomes had already undermined the credibility of the monetary framework, even before the financial crisis started and, consequently, inflation expectations were poorly anchored. Icelandic economists had said that due to the huge impact of the crisis, rebuilding the credibility was likely to take time, and also maintaining it might be very difficult. However, after the crisis, the Monetary Policy Committee (MPC) had voted to lower the Central Bank interest rates by 0.5 %. By supporting the interest rate cut, it lead to the appreciation of the krona in trade weighted terms. As in the ISLM Model, a decrease in the interest rates leads to an increase in the money supply. Therefore, this has lead to an expansionary monetary policy, as the interest rates were lowered, and also the MPC supported or voted for lower interest rates. MONETARY POLICY GRAPH The above graph shows the shift in the LM towards right, which has lead to an expansion in the LM curve. Since the MPC voted for a lower interest rates , the money supply was increased. Therefore, the LM curve shifts from LM1 to LM2, leading to an expansionary of the monetary policy. FISCAL POLICY In economics, fiscal policy can be defined as the use of government expenditure and revenue collection to influence the economy. Fiscal policy refers to the overall effect of the budget outcome on economic activity. There are three possible stances of fiscal policy: Neutral stance, which implies a balanced budget where, govt. spending = Tax Revenue Expansionary stance, increase in the govt. spending and reduction in tax revenue Contractionary stance, decrease in the govt. spending and increase in tax revenue During the financial crisis, there was an increased government debt. Due to the recession and rising debt servicing costs, the public deficit was projected to be above 10% of GDP in 2009, adding to the public debt burden. As a result, a considerable fiscal consolidation was therefore needed to put public finances back on a sustainable path and to pave the road for a successful euro-area entry. It was also important to reduce the deficit vigorously in the coming years, so that the country can reach the goal of balance. In order to eliminate the deficit, the government of Iceland had the option of tax increases as well as spending cuts, it then decided to opt for the former as they were easier to introduce immediately. The starting point for the tax increases would have been to reverse tax cuts implemented over the boom years, but Iceland could no longer afford. This would involve the increase in the personal income tax and also lift the reduced rate of VAT (Value Added Tax). This planned fiscal consolidation, would involve measures which would help to contain the expenditures. FISCAL POLICY GRAPH The above graph, shows the shift in the IS curve towards left, which leads to the contraction of the IS curve. Since the govt. decided to reduce their expenditure and increase the taxation, in order to consolidate the fiscal policy, the IS has moved towards left, leading to an contractionary fiscal policy. INFLATION In economics, inflation can be defined as the rise in the general level of prices of goods and services in an economy over a period of time. When the price level rises, then each unit of currency buys fewer goods and services; consequently, annual inflation is also erosion in the purchasing power of money a loss of real value in the internal medium of exchange and unit of account in the economy. The effects of inflation on an economy are manifold and can have both simultaneously positive and negative impacts. Since Iceland, comes from a small domestic market, the banks in Iceland have financed their expansion from getting loans on the inter-bank lending market and, more recently, by getting deposits from outside Iceland (which are also a form of external debt). Large amount of debt was also taken by the households, which was equivalent to 213% of the disposable income, causing inflation in the country. Due to the practice of the Central Bank of Iceland issuing loans (liquidity)to the different banks on the basis of uncovered bonds which are newly issued and printing money on demand, this lead to inflation being exacerbated. Due to the financial crisis, the country of Iceland suffered inflation. On 25th of March 2008, popular website, Bloomberg.com that Iceland had raised its rates to 15% by raising its repo rate by a huge 1.25% in one day. The website also reported that the country was facing an inflation rate of about 7%. However, the Central Bank of Iceland had a goal of maintaining the inflation rate of about 2.5%. Also the Icelandic currency, krona has declined against the euro, from about 100 ISK per euro at the beginning of the year (2008), to its nadir of 125 on March 19 2008. Due to the interest rate hike it had the effect of moving it to about 116 from about 122. In August 2006, the country of Iceland made news when it had increased its interest rate to 13.5%. At that time, the krona was very strong against the euro. Iceland made news previously in August, 2006 when it increased its interest rate to 13.5%. The krona was then trading at a stronger at 90 to one euro. Some main factors why Iceland incurred inflation was mainly due to, the value of krona depreciated, secondly the prices of various commodities kept on soaring, and lastly, there was uncertain effect on wage agreements on labour costs. Since the financial crisis brought a huge change in the development of the economies in the world, as well as making many banks go bankrupt, the Icelandic debt is now over 320 billion krona, which is roughly about $4 billion US dollars. This figure is huge; as one can say considering that its about a quarter of their GDP. INFLATION GRAPH Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2010 6.60 7.30 8.50 2009 18.60 17.58 15.19 11.89 11.63 12.18 11.32 10.90 10.81 9.71 8.63 7.50 2008 5.77 6.79 8.72 11.76 12.32 12.74 13.55 14.54 14.02 15.89 17.15 18.13 2007 6.89 7.41 5.87 5.29 4.67 4.01 3.76 3.45 4.18 4.47 5.19 5.86 The above graph shows Icelandic inflation rate over the past 3 years. In the graph, one can make out how the inflation rate climbed up consistently in the year 2008, whereas in the year 2009, the inflation rates kept on falling except in the month of June where it increased, but since then it had kept on decreasing. In the year 2008, the reason why inflation rate climbed up consistently, was because of the krona which had been depreciating, where as in the year 2009, the inflation rates kept on falling as the property prices fell, which resulted in the fall of prices. UNEMPLOYMENT Unemployment can be defined as people who do not have a job, have actively looked for work in the past four weeks, and are currently available for work. Also, people who were temporarily laid off and are waiting to be called back to that job are counted as unemployed. Some types of unemployment are listed below: Structural Unemployment. Frictional Unemployment. Cyclical Unemployment. Since the financial crisis, lead to large percentage of unemployment all over the world, Iceland was also one of them which had a quite high rate of unemployment. Unemployment in Iceland increased tree times more by the end of November 2008. There were more than 7000 registered jobseekers (about 4% of the workforce) in November compared to just 2136 at the end of August 2008. The debt repayment had become more costly as household debt (80%) and 13% denominated in foreign currencies had become indexed. The impact of the crisis was such that since October 2008, 14% of the total workforce had experienced reductions in pay, whereas around 7% of the workforce had their working hours reduced. According to IFL (Icelandic Federation of Labour) president Gylfi Arnbjà ¶rnsson, the above figures were lower than expected More than 85% of the workforce who were currently registered as unemployed in the country, stated that they had become unemployed or lost their jobs in October after that, due to the economic collapse. In December 2008, the unemployed figures which were registered in Iceland was 4.8 per cent, or around 7,902 people an increase of some 45 percent in November, according to the figures from the Directorate of Labour. These unemployment figures were the highest, Iceland had recorded since January 1997. In the same month i.e. December in the year 2007, unemployment rate partly was 0.8 percent, or 1.357 people. The Directorate of Labour had estimated that the figure will rise to 6.4-6.9 percent by the end of January 2009. Among those unemployed, the rate of unemployment among young people had increased the fastest, with the number of registered 16 to 24 year olds jumping from 1,408 to 2,069 in the month to the end of December 2008. This age group accounts for 23 percent of the entire jobless total. UNEMPLOYMENT GRAPHS GROSS DOMESTIC PRODUCT The Gross Domestic Product (GDP) is defined in economics as a basic measure of a countrys overall economic output. It is the market value of all final goods and services made within the borders of a country in a year. It is often positively correlated with the standard of living, though its use as a stand-in for measuring the standard of living has come under increasing criticism and many countries are actively exploring alternative measures to GDP for that purpose. The Gross Domestic Product (GDP) can be determined in three ways, all of which should in principle give the same result. They are the product (or output) approach, the income approach, and the expenditure approach. Prior to the 2008-2010 crises, the economy of Iceland had achieved high growth, also had a low rate of unemployment, and a remarkably even distribution of income all over the country. The economy depended heavily on the fishing industry which is the main source of their income, which provides 70% of export earnings and employs 10% of the work force. Icelands economy had been diversifying into manufacturing and service industries in the last decade, with new developments in software production, biotechnology, and tourism. During the global financial crisis, the crisis-stricken Icelandic economys GDP shrank by a record 6.5% in 2009, despite having a decent growth of 1% in 2008 and massive growth of 6% in 2007. The decrease in the gross domestic product (GDP) by 6.5% was a record in the national accounts of Iceland. There was a sharp decline in GDP in last year (2009) as the domestic expenditure plunged by 20.1%, then the household consumption also fell to 14.6% due to unemployment and government consumption dwindled by 3%. Also, Icelands fixed capital formation dropped by 49.9%. These were the reasons why the gross domestic product (GDP) fell by a huge margin, in the year 2009. After the crisis, the Gross Domestic Product (GDP) in Iceland managed to expand at an annual rate of 3.30 percent in the last quarter i.e. in the year 2009. Iceland Gross Domestic Product is now worth 17 billion dollars or 0.03% of the world economy, according to the World Bank. Icelands Scandinavian-type social-market economy combines a capitalist structure and free-market principles with an extensive welfare system, including generous housing subsidies. GROSS DOMESTIC PRODUCT (GDP) GRAPH Year Mar Jun Sep Dec Average 2009 -5.10 -0.40 -7.20 3.30 -2.35 2008 2.90 -6.00 1.80 3.20 0.48 2007 2.10 0.80 5.10 -1.00 1.75 The above graph, describes the changes in the gross domestic product (GDP) of Iceland over the past 3 years. During the years 2007 2008, Iceland recorded a growth in the GDP, which helped in boosting the Icelandic economy. However, most of the year in 2009, it recorded a huge decline of 6.5%, except in the last quarter i.e. in the month of December where it a recorded a positive GDP. The main reasons why the GDP declined in the year 2009 was because the household consumption, the government consumption, as well the domestic expenditure rate had fallen massively, resulting in a negative GDP for the most part of the year. CURRENCY In economics, the term currency can refer either to a particular currency, which comprises the physical aspects of a nations money supply. The other part of a nations money supply consists of money deposited in banks (sometimes called deposit money), ownership of which can be transferred by means of cheques or other forms of money transfer such as credit and debit cards Due to the effects of the financial crisis, there was In October 2008, the effects of the 2007/08 global financial crisis brought about a collapse of the Icelandic banking sector. The value of the Icelandic krà ³na plummeted, and on 7 October 2008 the Icelandic Central Bank attempted to peg the it at 131 against the euro.[4] This peg was abandoned the next day.[5] The krà ³na later fell to 340 against the euro before trade in the currency was suspended[6] (by comparison, the rate at the start of 2008 was about 90 krà ³nur to the euro[7]). After a period of tentative, very low-volume international trading in the krà ³na, activity had been expected to pick up again throughout November 2008, albeit still with low liquidity, as Iceland secured an IMF loan.[8] However as of January 2009 the krona was still not being traded regularly, with the ECB reference rate being set only intermittently, the last time on December 3, 2008 at 290 ISK per euro.[9] The Icelandic krona similarly fell in value against the US dollar, from ca. 50 to 80 per dollar to about 110-115 per dollar; by mid-November 2008 it had continued its slide to ca. 135 to the dollar. As of April 2, 2009, the value hovered around 119 per US dollar.[10] Previously high costs for foreign tourists thereby dropped, which Icelands tourism industry hopes to exploit.[11] INTERNATIONAL TRADE The economy of Iceland is small and subject to high volatility. Iceland has a mixed economy with high levels of free trade and government intervention. Iceland has a free market economy with relatively low taxes compared with other OECD countries. However, government consumption is less than in other Nordic countries. Icelands trade policy is pursued along three main tracks: multilateral trade liberalisation through the WTO, regional liberalisation through the European Economic Area (EEA) with its EFTA/EEA partners and the European Union and finally, bilateral free trade agreements in cooperation with its EFTA partners Norway, Liechtenstein and Switzerland. Icelands international treaties have strengthened foreign trade. The EEA Agreement covers the free movement of goods, persons, capital and services. Membership in the EEA in 1994 and the Uruguay Round agreement brought greater market access for Icelands exports, capital, labor, and goods and services, especially seafood products. Agriculture is heavily subsidized and protected by the government, with some tariffs ranging as high as 700 percent. Iceland is a part of the World Trade Organisation (WTO). The WTO was established on the 1st of January 1995. It is an organization designed to supervise and liberalize international trade. Since the early 1990s, Iceland and its other partners in the European Free Trade Association (EFTA) Liechtenstein, Norway and Switzerland have established an extensive network of contractual free trade relations in Central and Eastern Europe, the Mediterranean region and with countries in other parts of the world. The WTO deals with controlling of trade between participating countries; it provides a framework for negotiating trade agreements. The country has signed a large number of multilateral and bilateral agreements. Iceland is furthermore strongly committed to the Doha Development Agenda and a fair and equitable outcome that will benefit the entire membership. Iceland support s the Doha Development Agenda Global Trust Fund, which is intended to assist developing countries in taking advantage of the opportunities created by increased trade liberalization. Iceland exports 40% of fish and fish products, 40% of aluminum and alloys and animal products. The main imports are machinery and equipment, petroleum products, foodstuffs and textiles and Cement. Icelands primary import partner is Germany, with 12.6%, followed by the United States, Norway, and Denmark. Currently, the largest trading partner countries are Germany, the UK, the Netherlands and the Nordic countries. The fishing industry is one of the most important industries. It provides 70% of export income and employs 6.0% of the workforce; therefore, the state of the economy remains sensitive to world prices for fish products.  [i]  The diversity of Icelands exports has, however, increased significantly in recent years, due to structural reforms and privatisation of state owned entities in finance a nd other sectors. Exports of manufactured products have been growing rapidly. Services now account for 36% of total export revenues while in 1990 the share was 26%. Icelands ratio of services to total trade is one of the highest among OECD countries. It is the Governments stated objective to provide Icelandic agriculture with a realistic opportunity to adapt to changes in its operating environment, to the benefit of farmers and consumers alike. The growth of international trade had been affected in the 1930s by the existence of tariffs and other barriers to international trade. To avoid such problems an agreement, the general Agreement of Trade and Tariffs, was concluded between 44 countries which included Iceland. Iceland joined GATT in 1968. GATT stated that an international agreement should be created which required a binding code of conduct for international trade; its main objective was the liberalization of world trade. Its principle was that there would be mutual benefits if international trade took place on the basis of non-discrimination and should be gradually reduced through negotiations. The liberalization for international trade gave Iceland confidence in their trade. During the period 2003-07, Iceland developed from a nation best known for its fishing industry into a country providing sophisticated financial services, but was consequently hit particularly hard by the 2008 global financial crisis, which extended into 2009.  [ii]   Self-protection and self-preservation have characterized Icelands foreign trade policy since its independence from Denmark. While Iceland is a highly developed country, until the 20th century, it was among the poorest countries in Western Europe. However, strong economic growth has led Iceland to be ranked first in the United Nations Human Development Index report for 2007/2008.  [iii]   TARIFF Iceland enjoys some of the strongest economic freedoms among all countries However; Iceland is very isolationist as regards to the import of farm products and licenses as well as state monopolies of imports (undergoing a dismantling). Some plant products such as potatoes and flowers are subject to seasonal limitations. Iceland implements high tariffs on agricultural products in order to protect the domestic agricultural sector. Tariffs on certain varieties of vegetables, e.g. tomatoes, cucumbers and bell peppers are significantly higher during the growing season to protect domestic greenhouse producers. Meat and dairy products, and potatoes are also protected by substantial duties. Animal feed can carry tariffs up to 55%. Over 90% of imports are not subject to import restrictions or duties other than the same value-added tax applied to domestically produced goods. Special excise taxes are levied on sugar and some sugar products, potatoes, and motor vehicles. Agricultural products remain the most heavily taxed. In March 1970, Iceland acquired full membership in EFTA. On 28 February 1973, Iceland ratified a trade agreement with the European Community (later named the European Union) leading to the elimination of tariffs on industrial goods. A law authorizing the establishment of free trade zones went into effect in 1992. Icelands trade regime underwent considerable liberalization in the 1990s with accession to the European Economic Area (EEA) in 1993, and the Uruguay Round in 1994. Current duty rates generally range from 0% to 30% ad valorem and the average weighted tariff is 3.6%. Some goods enter duty-free, such as meat, fish, and dairy products. Icelands average MFN applied tariff is 5.9%. A high percentage of tariff lines (70%) benefit from duty free treatment. The average MFN applied tariff rate for agricultural products is 18.3% (WTO definition) compared with 2.5% for other goods.  [iv]   Iceland offers preferential tariffs on imports from 37 WTO Members under several free-trade agreements. Regional liberalization has advanced the most within the framework of the European Economic Area (EEA); nonetheless, the average tariff on products from EEA partners is still 3.2%, reflecting the exclusion of several agricultural products from duty-free treatment. A new Customs Law came into force on 1 January 2006 (Act No. 88/2005). According to the authorities, customs clearance for all importation aspects is computerized; electronic data interchange (EDI) covers 98% of the declarations of import and export firms. Customs clearance using EDI takes a matter of minutes, or a few hours if processed manually.

Australian Standard 3.2.3 for Food Premises and Equipment Essay

In Australia, premises where restaurants, bars etc are to be established have to adhere some standards. These standards have been developed by the Australia New Zealand Food Authority [ANZFA] in collaboration and consultation with both the State and Territory health authorities, the other interested institutions, the food industry and general public. For establishing a restaurant cum bar, one has to follow the rules and regulations set out in the standard 3. 2. 3 Food Premises and Equipment. It is to be noted that new standards mirror international best practice on designing and establishing a restaurant cum bar. These standards have become mandatory with effect from February 2001 in Australia. The main objective of the standard 3. 2. 3 is mainly to make sure that the layout of the premises lessens the chances for food contamination. It is the duty of the food business to make sure that the food premises ,fittings ,fixtures , transport vehicles , equipment are designed in such a way that it is constructed to be cleaned and , wherever essential , sanitised. Further, food business must make sure that the premises are offered with the required services of waste disposal, water, ventilation, light, cleaning and personal hygiene facilities, storage space and free access to toilets. The design and construction of food premises should consist the following: ? It should be suitable for the activities for which the building or premise is employed. ? It should contain enough space for the activities to be carried out on the food premises and for the equipment, furniture and fittings employed for the food activities. ? The food premises should be kept clean and if essential , it should be sanitized; and ? It should try to avoid the following : ? Should avoid dust, dirty, smoke, fumes and other contaminants. ? Not to allow the entry of pests; and ? Not to act as breeding grounds for pests. It is to be noted that if a food business operate without licence or without an accredited food safety program, then it will be liable to fined for 1000 units wherein a penalty unit equal to Australian $ 75. The following assumptions have been made for this research essay. a) The toilet facilities comply with the relevant building and plumbing legislation and the position of the facilities is located as detailed in the plans. b) There is a common bulk waste and recyclables storage area in the on the ground floor of a multi-level shopping complex where the proposed restaurant cum bar is to be located. c) The proposed premise meets all town planning requirements and that an application is not required under the Integrated Planning Act 1997. Steps to be perused before making an application for the approval of design and plan; It should be noted that applicant should prior to undertake any commencement of work on his proposed food premises; he should first take approval from the Council’s health services. The application should include two copies of plan and design for the proposed restaurant cum bar. The plans must adhere to a scale of not less than 1:100 and must include the following:- o Particulars of the proposed layout of the restaurant cum bar exhibiting the position of all benches, equipment, appliances, fixtures and counters. o Details of specification which should list all material to be employed , finishes to floors , ceiling ,walls ,work benches ,cupboards and descriptions /details of all equipments to be employed including the model number and the manufacturer’s name wherever applicable. o Details regarding the types of food involved the specifications if work to be carried out in each area and the total number of proposed employees. o Particulars of capacity of the hot water service which includes the service rating. o Where mechanical ventilation is demanded , additional plans must be forwarded which include: †¢ A full dimensional drawing exhibiting front and end elevation. †¢ Details relating to the filter capacity, rated motor power and provision for make up air. 2. ASSESSING THE APPLICATION AND PLANS; ? It is to be noted that all construction techniques and methods are to be in compliance with the building code of Australia 2005/2006 VOL 1, and should adhere all Australian standards and council building guidelines. ? The walls should be of an approved smooth flat impervious material and finished in light coloured washable glass paint. ? Ceiling to be of an approved smooth non-absorbant imperious material and finished in light coloured glass paint. ? Floors, ceilings and walls should be free from any cracks or crevaces. ? All fittings fixed to the walls shall be sealed with an approved sealant. ? Bench tops should be 1. 2 mm s/s bonded to 18mm waterproof ply backing and painted underside with white glass enamel. ? All ducts ,pipes , electrical wirings and like fittings not concealed in walls shall be mounted on brackets with a minimum 25 millimetres clearance from walls and 150 millimetres clearance from the floor. ? If no approval for a mechanical ventilation system is given separately, then food premises should have only equipment not requiring a mechanical exhaust ventilation system which complies with AS1668. 2:1991, which is permitted within the food premises. ? The food premises should have adequate artificial or natural lighting, Light fittings shall be recessed or flush mounted and fitted with a cover or diffuser and constructed to prevent contamination of food with dust, dirt or other falling matter. ? The food premises should have coving with a minimum radius of 25 millimetres and continued up all fixtures, walls and plinths for not less than 70millimetres. The coving shall be an integral part of the floor surface. ? The food premises should have wheels or castors on all heavy equipment over 16 kilograms to permit easy movement for cleaning of the floor area ? Premises should have impervious barrier, at least 300mm in height in between the double bowl sink and hand washbasin provided within the front area. ? Food premises should be effectively offer pest proof. The following table will help to analyse the significant factors that have to be considered while assessing the application and plans in the case of a new restaurant cum bar.

How to Choose Ideal College Essay Samples

How to Choose Ideal College Essay Samples What Ideal College Essay Samples Is - and What it Is Not If a family comprises the adults and kids, then no age differences ought to be felt in the attitude. Hence, shaping a best family wants a lot of work and effort from every family member on a daily basis. So as to have a friend you have to first understand the best way to be one. The confident friend is a good friend equally as long since they're not too cocky with their confidence. The Hidden Gem of Ideal College Essay Samples Yes, you can highlight key points which have been mentioned in your essay but you want to refrain from repeating what has already been stated. One of the absolute most troublesome things in writing essays is inventing a fantastic title. Fortunately, you've come to the perfect place to discover the greatest remedy to every single academic writing problem that you're currently facing with your essay. Two new essay options are added, and a number of the pr evious questions are revised. Now, employing a sample college essay isn't the exact same as plagiarism. Hence, it's very crucial that you look closely at the very simple college essay formatting guidelines, which are given below. You ought to have a plan, an established structure, once you are writing an essay. By doing that the student stays true to the very first paragraph in offering a very clear direction throughout the full essay. Our site is just one of the most appropriate for essay help. You can trust the ideal essay help online. Generally, searching over the world wide web for free essays can be rather challenging. At our essay support, essays are always delivered in a brief moment. Don't hesitate to include academic texts from subjects that you want to study. Who knew essay writing may be so tough. To learn about essays, it's important to realize why essays are such an important portion of academics. Stephen's essay is quite effective. If you haven't been extended a prompt to write about, you have to produce your own interesting creative essays. You'll observe a similar structure in lots of the essays. When writing essays, it's simple to drift away from the subject and go offbeat. It's therefore important to thoroughly consider different college essay topics. Want to Know More About Ideal College Essay Samples? Tablets also have been shown to be great for many users due to the extra advantage of touch-screen capabilities. In any case, you'll certainly like our price policy. The perfect computer process is predicted to host, for example, the e-mail, blogs among other data. Explain your commitments, and you'll be the sort of student colleges find immensely attractive. Besides studies, a perfect student actively gets involves in different pursuits. He will respect her teachers but will not be afraid of them. Students, that are stimulated by their environment, take pleasure in the atmosphere, and truly feel good about themselves will be willing to learn. Sample college admission essays give applicants an opportunity to figure what things to write and what things to avoid. Although attending a prestigious school includes many benefits, you will wish to consider what sort of job which you aspire to obtain when you graduate. If you're going to contain details that could directly hit the requirements of the school, then you can readily get the approvalA that you have to be accepted for enrollment. Community colleges provide transferrable courses at a portion of the price that you will discover at most four year institutions. Computers are an essential part of the human daily life. Regardless of what genre you would like Business Studies, Microeconomics, Business Management and Financial Accounting, we're here to serve your needs. Writing is a present that comes naturally. Colleges are not searching for perfect folks. Critical and creative thinking has to be emphasized. Our wri ters always create unique content that's absolutely free from all grammatical error. Adaptation is hardly something new to me. Colleges want to get a feeling of maturity and introspectionpinpoint the transformation and demonstrate your private growth. The Secret to Ideal College Essay Samples You will get unique texts, which will be finished in time. Well-done samples supply an education in format. The MLA rule book claims that the paragraphs should begin by leaving a half-inch space at the start. It's very useful to take writing apart as a way to see just the way that it accomplishes its objectives.

Tail and Tale - Commonly Confused Words

The words tail and tale are homophones: they sound the same but have different meanings. Both a noun and a verb, tail has several meanings, including the rear part of an animal or vehicle. The noun tale refers to a report or story. Examples: A man who carries a cat by the tail learns something he can learn in no other way.(Mark Twain)I used small words and short sentences as if I were telling a fairy tale to a child.(Maya Angelou,  The Heart of a Woman. Random House, 1981)Memphis is a sad story of long-distance love, with an unexpected twist at the tail end of the tale.(Fred Rothwell, Long Distance Information: Chuck Berrys Recorded Legacy. Music Mentor Books, 2001) Practice: (a)  Kevin told a wonderful _____ about an angel who falls in love with a girl and then becomes human so that he can be with her.(Christopher Pike, The Midnight Club, 1991)(b) A dog wags its _____ with its heart. Answers (a)  Kevin  told a wonderful  tale  about an angel who falls in love with a girl and then becomes human so that he can be with her.(Christopher Pike,  The Midnight Club, 1991)(b) A dog wags its  tail  with its heart. See also: Glossary of Usage: Index of Commonly Confused Words   A Misspelled Tail, by Elizabeth T. Corbett