The Economic Reality of Hybrid Vehicles Essay Example for Free

The Economic Reality of Hybrid Vehicles Essay The high price of gas at the pump has many Americans looking for alternates to their gas powered vehicles. One of the most popular option right now is a hybrid vehicle. The question that comes to mind is, are hybrid vehicles worth it? With record high gas prices due to the price of oil, most car owners out there have major concerns over their gas usage. Over the past ten years, the cost of gasoline has grown 250%! The price of oil has doubled since January of this year. The high prices of oil and gas is the driving factor for most of the people to trade their gas powered vehicles for hybrid vehicles. These vehicles promise to give consumers more mileage per gallon, the truth is that only a few vehicles currently in the market actually make any sort of financial sense. There are quite a few issues with buying hybrid vehicles, even with gas prices at more than $4 a gallon. First, these vehicles are much higher in price than their gas powered counter part so, the premiums attached to their price tags do not justify extra mileage that you get. In some cases car dealers are selling popular vehicles at much higher prices than MSRP. Second, there are no laws and regulations controlling the technology, price, and the mileage per gallon required out of these vehicles. Currently, there are hybrid vehicles in the market that offer an improvement of 3MPG to 18 MPG over their gas powered counterpart. This is a huge range that needs to be controlled. Third, the demand of these vehicles is driving the prices of the vehicles even higher, if people knew that it would take many years for fuel savings to pay back the hybrid premium on many models, the demand on these models would be much lower, driving the prices down. The solutions that I would like to propose is the government to work with auto manufacturers to develop a standard for hybrid vehicles. This standard should control the minimum mileage offered per gallon, and control the premium allowed to be charged by the manufacturers. There are vehicles in the market that offer only a marginal benefit over the gas powered vehicles and yet the manufacturers charge thousands of dollars premium. Background: Today people all around the world are facing unusually high oil price hikes. Oil has become so very expensive that people are trying all kinds of extreme measures to lower the price. The hike in price has affected every nation; the entire world is trying to find a way out of the soaring prices. Thanks to the oil prices, travel expenses have increased, not just flying being expensive, driving your own car is very expensive. The chart below shows a trend in oil prices since 1990 with some of the major events leading to this increase. Note that since January of 2007 the oil prices have increase by 162%. With high gas prices, hybrid cars are a more affordable option than ever in terms of gas mileage, but only a handful of hybrid cars make solid financial sense, and only for some consumers, according to a new study by NADAguides. com, a vehicle pricing and information website. Using current gas prices for ten major metropolitan areas, the company studied the number of miles needed to recoup the extra cost of buying a hybrid car over its gasoline-only counterpart. The study showed, for example, that a driver in Los Angeles, the city with the highest gas prices in the study, will break even about 18 percent faster than a driver in Houston, the city with the lowest gas prices, assuming both are driving the same miles. The study found that, even at todays high gas prices, only a handful of hybrid cars make financial sense for a consumer who buys a new car every five years or less and drives an average number of miles per year. Even at Los Angeles-area gas prices, there are only five hybrid cars that would allow consumers to recoup their additional investment before they sold the car, assuming they drive an average of 15,000 miles per year. In order of shortest time to break even, they are: 1. Toyota Camry Hybrid 2. Chevrolet Malibu Hybrid 3. Nissan Altima Hybrid 4. Toyota Prius 5. Honda Civic Hybrid Following is a chart of the top five hybrid cars with the greatest return on investment and the number of miles to break even in 10 major metropolitan areas at current gas prices. Issue: Even with gas prices at more than $4 per gallon, there are quite a few issues with buying hybrid vehicles. Issue 1: High Prices Hybrid vehicle prices are higher than their gas powered counterpart. The demand for these vehicles in the last year has increased a lot, increasing the prices even further. In some areas people are actually paying premium over MSRP and waiting for more than two years to get some vehicles. The price premium attached to the hybrid vehicles are just too great to be considered a cost savings relative to purchasing their gasoline counterpart. If people knew how long it would take them to pay off the increased premium the demand for the hybrid would be lower than what it is now, decreasing the prices. Issue 2: High Prices The second issue with the hybrid vehicles is that there are no laws and regulations controlling the technology, price, and the mileage per gallon required out of these vehicles. Currently, there are hybrid vehicles in the market that offer an improvement of just a few miles per gallon over their gas powered counterpart, yet the manufacturers are charging thousands more for the premium for a so called hybrid technology. The table shows the amount of time it would take a buyer to offset the hybrid premium by fuel savings. The table also shows the miles per gallon and annual gas savings. These numbers clearly show the need to have some regulations to control the miles per gallon offered and the amount of premium that is charged by the manufacturers. Let’s look at some vehicles: Starting with the worst of the bunch, the Lexus LS600H. The premium charges on this vehicle is about $19,000, yet it only offers about 20 to 22 miles per gallon. It would take almost a century to break even. The next worst seems to be the Saturn Aura which only offers an annual gas savings of $171. The best one seems to Toyota Prius, but this car is so popular these days that in some areas there is a wait list of two years. In areas where it’s available, the dealers are charging more than $5,000 over MSRP. Solution: ?Better education to customers about the ownership costs of a hybrid vehicle ? Government should offer incentives like tax break to buy hybrid vehicles ? Have a standard to develop hybrid vehicle to encourage mass production, bringing the vehicle prices to even less than current gas-powered vehicles ? Force auto makers to sell hybrid vehicles at no more than, about 10%, premium to the customers Conclusion: Reference: Web Site: Bespoke Investing Group http://bespokeinvest. typepad. com/bespoke/.

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Minority entrepreneurs have many barriers they have to overcome in order to be successful. Some typical problems they face are limited access to capital, lower equity investments, and less exposure to entrepreneurship. Minority entrepreneurs are twice as likely to be turned down for traditional lending, which can discourage them from even applying for a loan. Not only that but they are less likely to be considered by traditional or angel investors. They also generally live in run down areas, with poor schooling and less access to successful people. One entrepreneur who has hurdled over all the barriers and became extremely successful is Russell Simmons, the co-founder of Def Jam Records. Biography of Russell Simmons Russell Simmons was born in Queens, New York, on October 4, 1957. Growing up in Queens, he spent part of his adolescent years as a street hustler. During his middle school years, he sold marijuana and was even a member of a local gang. He was arrested twice on other charges and was given probation. At eighteen he began taking college classes in the New York area and started working at an Oranje Julius, but financed his clubbing lifestyle by selling fake cocaine. One night in 1977 while at a club he saw the clubbers going crazy over a song from Eddie Cheeba, an early rapper and DJ, he decided that it was the sound of the future. Simmons quit selling fake drugs and left college to begin promoting concerts and forming his own management company for artists. He called his company Rush Management. He managed Kurtis Blow, and Run-D.M.C.. In 1884 he partnered with Rick Ruban and founded Def Jam Recordings and starting the cultural revolution known as hip-hop. Businesses & Industries  ¬Ã‚ ¬Russell Simmons has his fingers in a ... ...nced everything from music to finance and philanthropy. He has been the architect in creating the trends in current pop culture. A majority of Simmons’ endeavors would fall into the venture opportunity school of thought, and he took an integrative approach. My Thoughts Simmons built an entertainment empire, with hip-hop at the foundation. By fighting for hip-hop, even when everyone said it was a fad Simmons taught me that, even if everyone doubts something, all it will take is one person to believe and to fight for what they believe in. I also learned that if one person starts to work towards a goal, it would pave the way for others to follow. Simmons often said that â€Å"Black culture or urban culture is for all people who buy into it and not just for black people. Whether it’s film or TV or records or advertisement or clothing, I don’t accept the box they put me in.†

Are Humans Innately Evil or Good? Essay

Humans are a very fascinating species. We have been ruling the Earth for quite a while now. This is because we brood over all our necessities, skills and looks. The question of if we are innately evil or good has been asked by numerous people since civilization. Everyone has had different opinions. Two famous philosophers by the names of Thomas Hobbes and John Locke have been known to answer this question in a brief and direct way. Thomas Hobbes and John Locke have lived between the years of 1500-1700’s in Europe. Locke was an English philosopher, political theorist, and found of Empiricism. They both have clashing and different opinions, but in my opinion I would have to agree with John Locke. Locke was born on August 29, 1632 in Wrington, England. He died on October 28, 1704. He was best known as an English philosopher and the author of Essay Concerning Human Understanding. Every human being is born good, they have a clean record, and they don’t know anything. Originally we were all in a state of nature. Parents, friends, relatives, societies, and the community influence us to do what they do. As we tend to grow up we will see murdering, stealing, taking drugs, and fighting all around us. Things like money and material possessions create jealousy and greed. Even if people are naturally good, the fact that some people have more than others creates problems. For example if one person is more rich than the other, the other person may at one point get jealous, and may perhaps do some unscrupulous things to the person, like steal from them, hate on them etc. We never knew about any of the bad things in the world, and neither did our ancestors. They were never natural instinctive traits. I think that Locke believed that humans are innately good because he probably grew up in a good neighborhood and had a good experience growing up. If one grows up in a very beautiful, safe, and well-mannered community and family, obviously they will do what their surrounding do, which is to do good. On the other hand, if one grows up to live in an incapacitated family and environment, he will tend to become evil, they will first watch and then they will mimic those same traits. Even though they do all of this, we humans will still have our conscience to tell us that what we are about to do is stupid or immature and we will regret it later on. Why would we bother setting up cities, going about helping others, reviewing where planet earth sits in its ability to survive if he didn’t want these things to do well? Sure there are people round that make it bad for all the others of us trying to do good, but weigh it up and you’ll see that only a small percentage of people are out to pull the curtain down on everyone else. If us humans were born evil, then why when we do the bad things that we do in life still feel the guilt and regret for it afterwards? Obviously the answer to this is because we aren’t evil; we just get influenced to become evil. In conclusion every single human was born good and even if they do get influenced to become evil they will still have all the regret, conscience, guilt, repentance, and shame on their shoulders to carry.

The Lottery by Shirley Jackson - 1325 Words

In â€Å"The Lottery†, Jackson wrote about a special tradition of a small village. June 27th was warm and sunny, and it gave the impression like nothing could possibly go wrong. Everyone knows the lottery as an exciting thing, and everybody wants to win, but this lottery is unlike any other. This lottery was actually the tradition of stoning of an innocent villager; that year it was Tessie Hutchinson. Though the horrific ending was not expected, throughout the story Jackson gave subtle hints that this was not an average lottery. Jackson foreshadowed the death of Tessie Hutchinson with stones, the black box, and the three legged stool; she showed that unquestioning support of tradition can be fatal. The stones played of one the largest parts†¦show more content†¦The box symbolized the anticipation of death, but it is treated as an everyday object. The three legged stool was the most unobtrusive out of the three. Jackson made it obvious that the villagers were frighten ed by the object, â€Å"The villagers kept their distance, leaving a space between themselves and the stool† (Jackson). Jackson gave an ominous vibe about the box; the reader have should notice the uneasiness the villagers feel. The stool was equally as significant as the black box, â€Å"It would thus seem that the stool is at least as important as the box: in my opinion, it is the symbol which holds the key the Jackson’s conclusive theme† (Nebeker). Nebeker explains the importance of the stool and how it symbolizes the Christian trinity: Now we understand the significance of the three-legged stool—as old as the tripod of the Delphic oracle, as new as the Christian trinity. For that which supports the present day box of meaningless and perverted superstition is the body of unexamined tradition or at least six thousand years of mans history. Some of these traditions (one leg of the stool if you like), are as old as the memory of man and are symb olized by the season, the ritual, the original box, the wood chips, the names of Summers, Graves, Martin, Warner (all cultures have their priesthoods!). These original, even justifiable traditions gave way to or were absorbed by later Hebraic perversions; and the narrative pursues itsShow MoreRelatedThe Lottery, By Shirley Jackson1195 Words   |  5 PagesOn the surface, Shirley Jackson’s short story, â€Å"The Lottery,† reads as a work of horror. There is a village that holds an annual lottery where the winner is stoned to death so the village and its people could prosper. Some underlying themes include: the idea that faith and tradition are often followed blindly, and those who veer away from tradition are met with punishment, as well as the idea of a herd mentality and bystander apathy. What the author manages to do successfully is that she actuallyRead MoreThe Lottery by Shirley Jackson757 Words   |  4 Pagessucceed but many fail just like the main charac ter Tessie Hutchinson in Shirley Jackson’s short story â€Å"The Lottery†. When someone hears the word â€Å"lottery†, he or she may think that someone will be rewarded with prize. But â€Å"The Lottery† By Shirley Jackson is different than what one thinks. In the story, a lottery is going to be conducted not like Mega Million or Powerball one play here. In the story, the person who wins the lottery is stoned to death instead of being rewarded with the prize. TessieRead MoreThe Lottery By Shirley Jackson931 Words   |  4 PagesIn 1948 Shirley Jackson composed the controversial short story â€Å"The Lottery.† Generally speaking, a title such as â€Å"The Lottery† is usually affiliated with an optimistic outlook. However, Jackson’s approach is quite unorthodox and will surely leave readers contemplating the intent of her content. The story exposes a crude, senseless lottery system in which random villagers are murdered amongst their peers. Essentially, the lottery system counteracts as a form of population control, but negatives easilyRead MoreThe Lottery By Shirley Jackson1504 Words   |  7 Pagesâ€Å"The Lottery† by Shirley Jackson In The Lottery Shirley Jackson fills her story with many literary elements to mask the evil. The story demonstrates how it is in human nature to blindly follow traditions. Even though some people have no idea why they follow these traditions. The title of the story plays a role in how Shirley Jackson used some literary elements to help mask the evils and develop the story. The title â€Å"The Lottery† serves as an allegory. When people think of the lottery majorityRead More`` The Lottery `` By Shirley Jackson894 Words   |  4 Pagesshort story â€Å"The Lottery†, author Shirley Jackson demonstrates Zimbardo’s concepts in three different areas: Authority figures, Tradition and Superstition, and Loyalty. The first concept Jackson portrays in â€Å"The Lottery† is the authority figures. Jackson indicates that the lottery is being held in the town center by one authority figure, Mr. Summers, annually on June 27th. Every June 27th, without fail, townspeople gather in the town square to participate in the annually lottery even though mostRead MoreThe Lottery, By Shirley Jackson1510 Words   |  7 PagesShirley Jackson’s â€Å"The Lottery† illustrates several aspects of the darker side of human nature. The townspeople in Jackson’s â€Å"The Lottery† unquestioningly adhere to a tradition which seems to have lost its relevance in their lives. The ritual that is the lottery shows how easily and willingly people will give up their free will and suspend their consciences to conform to tradition and people in authority. The same mindless complacency and obedience shown by the villagers in Jackson’s story are seenRead MoreThe Lottery By Shirley Jackson8 11 Words   |  4 Pagesâ€Å"The Lottery† was published by Shirley Jackson. The story was true expression of Jackson’s genuine thoughts about human beings and their heinous competence in an annual village event for corn harvest . First, her used to word symbolized main point of the story. Second, Jackson was inspired by few historical events happened in the past and a life incident in her life. Lastly, She was able to accomplish the connection between historical and biographical with the story. Therefore, Shirley Jackson’sRead MoreThe Lottery By Shirley Jackson934 Words   |  4 Pagesâ€Å"The Lottery† by Shirley Jackson signifies the physical connection between the villagers and their unwillingness to give up their tradition. â€Å"The Lottery† is very unpredictable and quite misleading. The black box has no functionality, except every June 27th. Shirley Jackson depicts the black box as an important and traditional tool. Although the villagers in â€Å"The Lottery† are terrified of the goal of the lottery and the black box, they are unwilling to let go of the tradition. Shirley Jackson portraysRead MoreThe Lottery by Shirley Jackson799 Words   |  4 Pagesthe mood and to foreshadow of things to come. The Lottery by Shirley Jackson is a story in which the setting sets up the reader to think of positive outcomes. However, this description of the setting foreshadows exactly the opposite of what is to come. In addition, the theme that we learn of at the end leads us to think of where the sanity of some human beings lies. The story begins with the establishment of the setting. To begin, Shirley Jackson tells the reader what time of day and what time ofRead MoreThe Lottery by Shirley Jackson1764 Words   |  7 Pagesfilled with excitement and eeriness, leaving the reader speechless. The Lottery , a short story written by famous writer Shirley Jackson, created an uproar on June 26, 1948, when it was published in the magazine The New Yorker (Ball). The gothic thriller, set in an unknown time and place, shares the tradition of a small town, a little larger than three hundred people, in which a drawing is held once a year. In this â€Å"Lottery,† each family’s husband draws a slip of paper from a black box. The husband