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  • READING FOR 5th GRADE LEVEL III SENIOR CLASS 2009

    COMPULSIVE SHOPPING AND SPENDING
    Published by the Institute for Addiction and Recovery

    Compulsive shopping and spending is described as a pattern of chronic, repetitive purchasing that becomes difficult to stop and ultimately results in harmful consequences. It is defined as an impulse control disorder and has features similar to other addictive disorders without involving use of an intoxicating drug.
    What behaviors indicate compulsive shopping and spending?
    Behaviors typical of compulsive shopping and spending include the following:
    • Shopping or spending money as a result of feeling disappointed, angry or scared
    • Shopping or spending habits causing emotional distress in one's life
    • Having arguments with others about one's shopping or spending habits
    • Feeling lost without credit cards
    • Buying items on credit that would not be bought with cash
    • Feeling a rush of euphoria and anxiety when spending money
    • Feeling guilty, ashamed, embarrassed or confused after shopping or spending money
    • Lying to others about purchases made or how much money was spent
    • Thinking excessively about money
    • Spending a lot of time juggling accounts or bills to accommodate spending
    Identification of four or more of the above behaviors indicates a possible problem with shopping or spending.
    What problems are caused by compulsive shopping and spending?
    Compulsive shopping or spending may result in interpersonal, occupational, family and financial problems in one's life. In many ways the consequences of this behavior are similar to that of any other addiction.
    Impairment in relationships may occur as a result of excessive spending and efforts to cover up debt or purchases. Persons who engage in compulsive shopping or spending may become pre-occupied with that behavior and spend less and less time with important people in their lives. They may experience anxiety or depression as a result of the spending or shopping which may interfere with work or school performance.
    Financial problems may occur if money is borrowed or there is excessive use of credit to make purchases. Often the extent of the financial damage is discovered only after the shopper or spender has accumulated a large debt that necessitates a drastic change in lifestyle to resolve. Recovery groups such as Debtors Anonymous have formed to help compulsive shoppers and spenders return to normal, appropriate patterns of buying.
    What makes compulsive shopping and spending addictive?
    There are many social and cultural factors that tend to increase the addictive potential of shopping and spending. The easy availability of credit and the material focus of society in general encourage people to accumulate possessions now and worry about financial responsibility later.
    Society places a strong emphasis on one's outer appearance and many media personalities promote spending money to achieve a certain look that will bring about happiness. In addition, the accessibility of purchasing has been made easier with the arrival of online shopping and television programs devoted to buying goods 24 hours a day. Items can be purchased and ordered by express delivery to arrive quickly without the buyer having to leave home or personally interact with anyone else.
    The shopping and spending activity itself is associated with a feeling of happiness and power which is immediately gratifying. The after effects of remorse and guilt drive the spender back to purchase again to be able to achieve that brief but intense emotional high. Research has shown that many compulsive shoppers and spenders also suffer from mood disorders, substance abuse, or eating disorders. As with any addiction, the person becomes dependent on the behavior to relieve negative feelings that cause them distress and discomfort.
    Student: I decided for this reading which was more suitable for the topic we were discussing in unit 4. After reading this article, reflect on the topic and write your opinion about it. You must use 150 words or more. Enjoy the reading. :)

  • Mergers in the Air? Microsoft/Yahoo and Delta/Northwest

    Published: April 16, 2008 in Knowledge@Wharton

    The ongoing takeover battle between Microsoft and Yahoo has taken several surprising turns over the past few weeks. After rejecting Microsoft's unsolicited $44.6 billion offer in late February, Yahoo has announced a two-week ad testing program with its main search rival, Google, and has reportedly entertained a possible merger with Time Warner's AOL. Meanwhile, Microsoft was rumored to be considering News Corp. as a possible ally in acquiring Yahoo. While spectators wait for the next twist in this saga, another headline-making deal has been announced: a merger between Delta and Northwest Airlines to become the world's largest airline. Knowledge@Wharton spoke with Wharton management professor Saikat Chaudhuri and Wharton legal studies and business ethics professor Kevin Werbach to find out whether these deals make sense and for whom.

    TASK

    After reading the interview with professor Saikat Chaudhuti and professor Kevin Werbach write a comment giving your opinion about this two mergers.

  • Writing a Business Letter

    DEAR STUDENTS - ADVANCED LEVEL

    FOR THIS TASK YOU WILL HAVE TO DOWNLOAD THE THE FILE "Writing a Business Letter", read it and then download the file "Business Letter Self-Assessment Test", answer the questions and send it to my e-mail as an attachment document.

    Enjoy the reading

  • CAMBIO DE FECHA PARA CLASE DE RECUPERACIÓN

    DEBIDO A QUE YA TIENEN UNA CLASE PROGRAMADA PARA EL DIA 10 DE MAYO A LA MISMA HORA, SE HA TENIDO QUE REPROGRAMAR NUESTRA CLASE DE RECUPERACIÓN PARA EL SÁBADO 24 DE MAYO DE 4PM A 6PM EN EL AULA 103. MUCHAS GRACIAS POR SU COMPRENSIÓN.

  • CLASE DE RECUPERACION ENGLISH I ALAS PERUANAS

    La clase de recuperación sera el día sabado 10 de Mayo de 4pm a 6pm. dos horas despues de nuestra clase normal. Nos vemos el Sabado.

  • Mergers in the Air? Microsoft/Yahoo and Delta/Northwest

    Published: April 16, 2008 in Knowledge@Wharton

    The ongoing takeover battle between Microsoft and Yahoo has taken several surprising turns over the past few weeks. After rejecting Microsoft's unsolicited $44.6 billion offer in late February, Yahoo has announced a two-week ad testing program with its main search rival, Google, and has reportedly entertained a possible merger with Time Warner's AOL. Meanwhile, Microsoft was rumored to be considering News Corp. as a possible ally in acquiring Yahoo. While spectators wait for the next twist in this saga, another headline-making deal has been announced: a merger between Delta and Northwest Airlines to become the world's largest airline. Knowledge@Wharton spoke with Wharton management professor Saikat Chaudhuri and Wharton legal studies and business ethics professor Kevin Werbach to find out whether these deals make sense and for whom.

    After reading the interview with professor Saikat Chaudhuti and professor Kevin Werbach write a comment giving your opinion about this two mergers.

  • Dow Chemical plans to cut 1,000 jobs

    READ THE ARTICLE AND LEAVE A COMMENT ABOUT IT. HOW IMPORTANT IS TAXATION IN THE ECONOMY OF A COMPANY?

    STORY HIGHLIGHTS
    Firm says it will reduce workforce by about 2.3 percent of its work force Plan to rid itself of underperforming businesses and boost its global efficiency The company employs about 43,000 people worldwide

    Dow Chemical announced Tuesday it is cutting 1,000 jobs, or about 2.3 percent of its work force, as part of a plan to rid itself of underperforming businesses and boost its global efficiency.
    The U.S. company, one of the nation's biggest chemical makers, said it will exit the automotive sealers business within the next nine to 18 months in North America, Asia and Latin America. It will look at options in its European operations.
    Other cutbacks include idling a styrene plant in Camacari, Brazil, on January 1 and closing a cellulose manufacturing facility in Aratu, Brazil, in the first quarter of next year.
    Wholly owned subsidiary Union Carbide will shut down its polypropylene facility in St. Charles Parish, Louisiana, before the end of the year, and the company will significantly reduce research and development and other functions at a facility in South Charleston, West Virginia.
    "Today's announcement reflects our commitment to prune businesses that are not delivering appropriate value and tackle tasks more efficiently across the entire organization ... freeing up capital and resources that will be redirected toward value-creating growth opportunities," Andrew N. Liveris, Dow's chairman and chief executive, said in a statement.
    Dow expects the cuts will result in a charge of $500 million to $600 million for write-downs and severance packages in the fourth quarter of 2007. The company said it expects to save $180 million a year once the moves are made.
    Dow reported a 21.3 percent drop in profit in the third quarter due to changes in German tax laws, higher domestic tax rates and charges for research and development. It posted net income after paying preferred dividends of $403 million, or 42 cents per share, compared with a year-earlier profit of $512 million, or 53 cents per share.
    The company employs about 43,000 people worldwide.
    Dow Chemical shares fell 49 cents to close at $41.05 Tuesday.

  • BUSINESS MEETING: BUSINESS PROPOSALS

    Sam and Gary, employees at a sporting goods company, discuss the results of recent survey administered by their complany.
    Students Consolidation:
    Answer the five questions and then write the conversation (role play)
    Thanks and remember the exam is TOMORROW (APRIL 3rd)

  • I'M BACK

    I was on vacations but I'm back and ready to work.

  • Debate Over Supermarket Club Cards Information

    From a news story by
    CNN San Francisco Reporter Greg Lefevre

    May 4, 1999

    A supermarket club card is a new way for people to save money on items they buy. People used to cut out coupons to save money. Now they use a card that looks like a credit card when they pay for items. Only people with cards can get the lower price.

    To get a card, people must give out their name, address, and other personal information. Everything club card-users buy is stored on a computer in a file with their name on it. In the coupon days, no one kept track of the things people bought. Now, computers allow huge amounts of information to be saved.

    In order to save money with the cards, people could lose privacy. So far, the information, or data, is private. But that could change. There are many companies who might be interested in knowing what people buy. For instance, an insurance company might want to know if their clients buy healthy food, or if people buy a lot of medicine from the store.

    A California Senator, Debra Bowen, wants to make sure there are laws to protect data kept on computers. She says, "The laws that govern privacy really haven't caught up with technology."

    "With the computer revolution of the past 10 to 15 years, privacy is a thing of the past......."
    - Grocery Shopper
    Stores that use club cards have promised to keep the information private. Some people are afraid the stores might change their minds if companies offered enough money. Some people say the information is worth as much as treasure.

    Nearly two-thirds (2/3) of American families use Frequent Purchase Cards (another name for store club cards). Ninety percent (90%) of those companies say they will keep the information private. Video rentals are now private. Credit card companies can't tell others where you shop. Telephone companies can't sell a list of numbers you call. But, all of this information is on a

    computer and could be given out. Some people think the store's promise is good enough. Others aren't so sure.

    Jon Golinger of the California Public Interest Research Group says,

    "What you eat.
    What you drink.
    When you're sick.
    When you're healthy,
    is clearly valuable."

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