Financial Institutions Lending Essay Example | Topics and Well Written Essays - 1000 words

Monetary Institutions Lending - Essay Example It is determined by separating absolute obligations by all out resources. An obligation proportion of more prominent than1 demonstrates that an organization has more obligation than resources - an obligation proportion of under 1 shows thata organization has a greater number of advantages than obligation. Utilized related to different proportions of monetary wellbeing, the obligation proportion can assist speculators with deciding an organization's degree of hazard. A loaning hazard appraisal proportion that budgetary organizations and others banks inspect before affirming a mortgage.Typically,assessments with high LTV proportions are for the most part observed as higher hazard and, in this manner, if themortgage is accepted,the loanwill by and large cost the borrower more to acquire or the person in question should buy contract protection. An obligation administration measure that money related loan specialists use asa rule of thumbtogivea preliminaryassessment about whether a potentialborrower is as of now in too muchdebt.Receiving aratio ofless than30%means that the likely borrowerhas an adequate degree of obligation. A general termdescribinga financialratio that thinks about some type of proprietor's value (or cash-flow) to obtained reserves. Outfitting is a proportion of money related influence, showing how much an association's exercises are supported by proprietor's assets versus lender's assets. The higher a company'sdegree of influence, the more thecompany is viewed as hazardous. With respect to most proportions, a worthy levelis controlled by its comparisonto proportions ofcompanies in the equivalent industry.The most popular instances of outfitting proportions incorporate the obligation to-value proportion (all out obligation/absolute value), times premium earned (EBIT/complete premium), value proportion (value/resources), and obligation proportion (all out obligation/all out resources). 5. Dissolvability Ratio One of numerous proportions utilized tomeasure an organization's capacity to meet long haul commitments. The dissolvability proportion measuresthe size ofa organization's after-charge salary, barring non-money devaluation costs, when contrasted with the association's all out obligation commitments. It gives an estimation of how likely an organization will be to keep meeting its obligation commitments. In this way, credit quality can best be assessed by examining the likelihood of an organization coming up short on both money and benefits at some random second. To assess the chance of an organization coming up short on money, loan specialists for the most part take a gander at a money financial plan for the firm. They assess different situations and attempt to decide how likely the closure money parity will be negative, suggesting a requirement for outside assets that may not be imminent if the organization isn't productive. The degree of the credit misfortunes that at that point emerge if a firm comes up short on money is an element of the guarantee or rank status of every obligation, just as the estimation of the all out resources of the organization in liquidation. Basically, credit examination can be just directed by looking at the organization's normal Times Interest Earned (TIE) proportion in the course of recent years to that of the cross-sectional normal TIE of gatherings of firms with a similar open FICO score, for example, a similar Moody's or S&P letter rating for which open information are accessible. At that point set the organization's beginning FICO score equivalent to that which most intently coordinates the TIE of the organizations with a given letter FICO assessment. Next, the pattern in

Military Abbreviations Found on US Grave Markers

Military Abbreviations Found on US Grave Markers Numerous military graves are engraved with shortened forms that mean the unit of administration, positions, awards, or other data on the military veteran. Others may likewise be set apart with bronze or stone plaques gave by the U.S. Veterans Administration. This rundown incorporates the absolute most basic military shortened forms that might be seen on tombstones and grave markers in American ​cemeteries, both in the United States and abroad. Military Rank BBG - Brevet Brigadier GeneralBGEN - Brigadier GeneralBMG - Brevet Major GeneralCOL - ColonelCPL - CorporalCPT - CaptainCSGT - Commissary SergeantGEN - GeneralLGEN - Lieutenant GeneralLT - Lieutenant1 LT - First Lieutenant (2 LT second Lieutenant, thus on)LTC - Lieutenant ColonelMAJ - MajorMGEN - Major GeneralNCO - Noncommissioned OfficerOSGT - Ordinance SergeantPVT - PrivatePVT 1CL - Private First ClassQM - QuartermasterQMSGT - Quartermaster SergeantSGM - Sergeant MajorSGT - SergeantWO - Warrant Officer Military Unit Branch of Service Craftsmanship - ArtilleryAC or USA - Army Corps; United States ArmyBRIG - BrigadeBTRY - BatteryCAV - CavalryCSA - Confederate States of AmericaCT - Colored Troops; may go before the branch, for example, CTART for Colored Troops ArtilleryCO or COM - CompanyENG or EM - Engineer; Engineers/MinersFA - Field ArtilleryHA or HART - Heavy ArtilleryINF - InfantryLA or LART - Light ArtilleryMC - Medical CorpsMAR or USMC - Marines; United States Marine CorpsMIL - MilitiaNAVY or USN - Navy; United States NavyREG - RegimentSS - Sharpshooters (or now and again Silver Star, see below)SC-Signal CorpsTR - TroopUSAF - United States Air ForceVOL or USV - Volunteers; United States VolunteersVRC - Veteran Reserve Military Service Medals Awards AAM - Army Achievement MedalACM - Army Commendation MedalAFAM -Air Force Achievement MedalAFC -Air Force CrossAM -Air MedalAMNM -Airmans MedalARCOM - Army Commendation MedalBM - Brevet MedalBS or BSM - Bronze Star or Bronze Star MedalCGAM -Coast Guard Achievement MedalCGCM - Coast Guard Commendation MedalCGM -Coast Guard MedalCR -Commendation RibbonCSC - Conspicuous Service Cross (New York)DDSM -Defense Distinguished Service MedalDFC - Distinguished Flying CrossDMSM -Defense Meritorious Service MedalDSC -Distinguished Service CrossDSM -Distinguished Service MedalDSSM -Defense Superior Service MedalGS -Gold Starâ (generally shows up related to another award)JSCM -Joint Service Commendation MedalLM or LOM - Legion of MeritMH or MOH - Medal of HonorMMDSM -Merchant Marine Distinguished Service MedalMMMM -Merchant Marine Mariners MedalMMMSM -Merchant Marine Meritorious Service MedalMSM -Meritorious Service MedalNMCM -Navy Marine Corps MedalNAM -N avy Achievement Medal NC -Navy CrossNCM -Navy Commendation MedalOLC - Oak Leaf Cluster (for the most part shows up related to another award)PH - Purple HeartPOWM -Prisoner of War MedalSM -Soldiers MedalSS or SSM - Silver Star or Silver Star Medal These shortenings by and large follow another honor to demonstrate prevalent accomplishment or various honors: A - AchievementV - ValorOLC - Oak Leaf Cluster (by and large follows another honor to demonstrate different honors) Military Groups Veterans Organizations DAR - Daughters of the American RevolutionGAR - Grand Army of the RepublicSAR - Sons of the American RevolutionSCV - Sons of Confederate VeteransSSAWV - Sons of Spanish American War VeteransUDC - United Daughters of the ConfederacyUSD 1812 - Daughters of the War of 1812USWV - United Spanish War VeteransVFW - Veterans of Foreign Wars

Genre Kryptonite Ladies Whod Make a Sailor Blush

Genre Kryptonite Ladies Whod Make a Sailor Blush There’s nothing like a perfectly dropped f*bomb from a ladies lips. I mean to this day one of my all time favorite movie quotes is Kit De Luca saying Cinder-fuckin-rellaâ€"I like to believe it’s what Vivian remembered while standing out on the fire escape that lead her to rescue Edward right back. via GIPHY Now you can like “vulgarities” or not, it’s a personal taste/preference after all, but women are told to leave it to the fellas and behave like ladies instead. Say what? Even at a young age I was very aware of gender double standards: Why couldn’t I pee behind a bush if I suddenly couldn’t hold it? Why did I have to wear a shirt if my chest looked no different then the boys? How come there were types of humor only funny if it came out of a boy’s mouth? I might have known squat about the world back then but I knew something was rotten in the state of Girlville and I was determined to figure out who was behind it so I could yell at them and change itâ€"or tell their mother on them. That obviously never happened and the older I got the more I realized if girls cursed or talked about periods, boobs, bodily functions, sex… they were labeled a certain type of girl, and it wasn’t a good label. It was a bad, bad labelâ€"like being diagnosed with the cooties. Naturally, I wanted to find all the girls riddled with cooties and hear what they had to say. It wasn’t until my mid-twenties when I read Chelsea Lately Handler’s My Horizontal Life: A Collection of One Night Stands that I’d finally read a woman being completely open in a hilarious wayâ€"I still laugh thinking about her in an MM costume stuck in a window. Don’t get me wrong, I’m not saying every woman should adopt this personality. Nor that everyone needs to be a fan. But I’d like all the ladies in the world who’ve been told they’d make a sailor blush to be able to stand proud and write a memoir or collection of essays because I will immediately buy it. And then read it in one sitting and wish I hadn’t read it so fast because now the joy is over and the laughter-tears have dried. Not only have I read all of Handler’s books I’ve also managed to find more potty-mouthed funny ladies who refuses to shy away from “unladylike” topics. And I love them all, individually and collectively, for so many different reasonsâ€"starting with they are each unique. I don’t have to agree with everything they do or say, and I can cringe at some of the stories thinking I would have pretended not to know her if I was standing next to her at that moment, but that doesn’t mean I don’t love or appreciate them. More importantly, and I say this with zero stalker tendency, I want to be friends with each of these ladies. Aisha Tyler’s Self-Inflicted Wounds: Heartwarming Tales of Epic Humiliation reads as if Tyler is animatedly (and long-windedly) telling you these stories while sitting across from you in a bar. As the title implies she recalls moments in her life where the only person she can play the blame game with is herselfâ€"basically she runs full speed into the unknown and asks questions later, which doesn’t always end well for her but makes for great stories and lessons learned (sometimes). Funny, oozing heart, and intelligentâ€"even if she did once discover she could not hold her pee in all the way home. Rating: Mild sailor blushing. In On My Knees: A Memoir, Periel Aschenbrand hilariously tells stories of squatting in her dead grandmother’s apartment, heartbreak, conversations with her girlfriend, a trip to Israel, her sex-life… Periel certainly has NO filters and will openly talk about ANYTHINGâ€"something her poor mother constantly has to deal with. Rating: The sailor has left the building! A queen of vulgarities and making a name for herself in the male comedy world Sarah Silverman applied her no-joke-is-off-limits philosophy and wrote about her childhood, battle with depression, battling TV censors, and life as a comedian in The Bedwetter: Stories of Courage, Redemption, and Pee. Rating: Full double-cheek blush for the writers room chapter alone. In Has Anyone Seen My Pants? Sarah Colonna manages to be insanely funny and introspective while easily moving from humorous to heartfelt stories. And while I love her potty-mouth, sense of humor, and honesty what made me fall even deeper in love with this book, and her, was her awesome female friendships. Rating: HBO level blushing. 14+ years later Margaret Cho’s Im The One That I Want is still 100 percent relevant and important: from her stories of childhood bullies, self-hate/destruction (self-realization), and Hollywood’s DISGUSTING treatment of women and “others. Rating: Rated R blushing. And across the pond Caitlin Moran uses the dirtiest f-word ever (feminism) in How to Be a Woman. No lady subject is off-limits nor spared Moran’s wit, opinion, or wisdomand she boldly goes into conversations rarely talked about, let alone publicly. Rating: The sailor needs new cheeks! Do you have a favorite potty mouthed lady writer? Any essay/memoir recs? Ill happily risk shelf collapse under the weight of too many books in this genre. Save

The Common Sense By Thomas Paine - 951 Words

On Common Sense In the tumultuous early months of 1776 a Colonial political theorist named Thomas Paine began anonymously publishing a treasonous pamphlet urging colonists to seek independence from the Crown. The concise volume titled Common Sense advocated a revolution in emphatic yet simple language intended for all levels of Colonial society. Paine was highly successful in appealing to the every man, and Common Sense spread quickly across the country. It was so influential and widely read that it is commonly credited by modern historians as being one of the single most powerful catalysts of the American Revolution, a publication so incendiary that John Adams remarked â€Å"without the pen of the author of Common Sense the sword of Washington would have been raised in vain.† Paine effectively used low language and vivid imagery to create what amounts to the most successful propaganda tool in history. He made a point in demonizing King George as a â€Å"brute† and painting Great Brita in as a â€Å"parasitic† overseer, sucking profit from its American Colonies while returning nothing but oppression. His use of plain rhetoric; however was his most powerful weapon, the very title of the work implied that what Paine presented was simple logic, that it could be grasped by anyone. He plainly appealed to the already embattled colonists that â€Å"the period for debate is closed† on the issue of the Revolution, that the Crown had â€Å"made the choice to pursue bloodshed† and that there was only oneShow MoreRelatedCommon Sense by Thomas Paine859 Words   |  3 Pagesâ€Å"Common Sense† Common Sense is a pamphlet made in 1775-76 by Thomas Paine. This pamphlet inspired the thirteen colonies to declare war and fight for independence against Great Britain. It was straight forward and told Great Britain exactly the advantages of being independent from them. On January 10, 1776 during the American Revolution, the pamphlet was published and became a huge topic in the community. It was the biggest talk of the colonies. In proportion to the population, the book was the biggestRead MoreCommon Sense by Thomas Paine1396 Words   |  6 PagesCommon Sense was written by Thomas Paine and published in 1776. Paine wrote it as a plea for the American people to break away from Britain and to declare independence from the king. He was asking his audience to take a step back and see that just because something is tradition, does not mean it is necessarily right. Paine wanted to show his readers that government and society is not the same thing, which is how most people viewed it. Society was something that people should want to have, whileRead MoreCommon Sense By Thomas Paine957 Words   |  4 Pagespolitical pamphlet known as Common Sense was written by Thomas Paine in 1776. This pamphlet contributed in promoting the independence of America. In the pamphlet Thomas Paine challenged the American colonists to separate from England and create a democratic and independent society. Along with challenging the American colonists, he hinted at his own opinions about a democratic government that America should plan towards if they seek to separate from England. Thomas Paine also bluntly proposed thatRead MoreCommon Sense By Thomas Paine1574 Words   |  7 PagesCommon Sense was written by an Englishman, Thomas Paine, who came to the American Colonies in 1774. He had strong opinions about the British Monarchy – and monarchy in general – including the fact that by nothing more than an accident of birth one man had rule over so many other humans. He v iewed this elevation to monarch unnatural as all men are created equal. Additionally, Paine notes that â€Å"there is something exceedingly ridiculous in the composition of Monarchy; it first excludes a man fromRead MoreCommon Sense By Thomas Paine1036 Words   |  5 PagesCommon Sense is a pamphlet written by Thomas Paine that inspired people in the Thirteen Colonies to declare and fight for independence from Great Britain. It was actually first published anonymously. Thomas Paine’s basic theme throughout Common Sense is that government is a â€Å"necessary evil†. His argument begins with more general reflections about government and religion, then progresses onto the specifics. There is a quote from the first page of Common Sense that lays out Paine s general conceptionRead MoreCommon Sense By Thomas Paine1244 Words   |  5 PagesIndependance, Why They Should Thomas Paine, an English political philosopher and writer made his way to the colonies when his good friend, Benjamin Franklin convinced him to do so. He worked as an editor for the Pennsylvania Magazine. Although, published anonymously in 1776, Paine was the man behind Common Sense, a political pamphlet that was distributed between all the colonies and challenged the British government by suggesting American Independency. Paine wrote the Common Sense because in his mind heRead MoreCommon Sense By Thomas Paine992 Words   |  4 PagesAmerica what it is today. Common Sense by Thomas Paine was inspiring to many American colonists as it was persuasive in showing how the colonists should have their own independence. Paine appealed the average citizen’s rationale, hence the title Common Sense. Paine’s pamphlet illustrates the importance of independence, and argues that colonial life under British rule was detrimental to America’s potential to become prosperous. In a fairly lengthy, but readable style, Paine discusses the differencesRead MoreThomas Paine And Common Sense1579 Words   |  7 PagesThomas Paine and Common Sense In colonial America, Britain’s colonies were subjected to many Parliamentary acts that were considered to be, by many of the colonists, oppressive. The Declaratory Act, the Coercive Acts, and numerous other tax-based acts were just a few of the many examples of the controlling behavior displayed by the British Parliament toward their North American colonies. This seemingly oppressive behavior by the British Parliament had not gone unnoticed by those outside ofRead MoreCommon Sense By Thomas Paine1438 Words   |  6 PagesKayla Boucher Doctor Hockin AMH 2010 22 January 2015 Common Sense The book Common Sense by Thomas Paine was an American pamphlet written during the American Revolution, which was around the time when America was trying to gain independence from Britain. Paine discusses government, religion, and colonial issues. In the first chapter Paine differentiates between the society and the government. He described the society as being positive and constructive and he described the government beingRead MoreCommon Sense By Thomas Paine770 Words   |  4 PagesThomas Paine first published Common Sense anonymously in 1776 and immediately became popular. I choose to read Common Sense by Thomas Paine, in order to know America and hopefully to understand the philosophy behind the founding of the country and how its government system was set up to function. In my opinion, one of the main reasons Thomas Paine’s pamphlet became favoured was because Paine used a lot of common sense opinions that most people could understand. In his pamphlet Common Sense, Thomas

Gendered Inequality And Violence Throughout The Arabic...

Savanah Rachelle Willis Dr. Nancy Wonders CCJ460, Section 1 November 23, 2014 Gendered Inequality and Violence in the Arabic Speaking World The Arab-speaking world spans across the continent of Africa, and relies heavily on not only the Arabic language, but cultural and religious practices as well. However, with the adoption of Arabian cultures comes the ever-present issue of women’s equality in relation to such beliefs. The gender inequalities in the Arab-speaking world spans from the denial of basic freedoms of women to the sexual terrorism and even femicide because of the heavily emphasized dehumanization of women in such countries. Whether brought about by sociopolitical or religious means, women are viewed to be the lesser of†¦show more content†¦As mentioned by Nagwa Megahed, â€Å"Arab countries†¦ are in urgent need of gender-oriented educational reform in order to achieve gender parity,† (Megahed 2011:400). The stunning need for education reform in Arab-speaking countries is rooted in the fact that women are deprived of education in its entirety because they’re viewed as in ferior. They’re often confined to household labor, leaving little time for education, which is a divisive labor divide rendering women as only useful the domestic realm while men rule the job market and conform to a â€Å"breadwinner† masculinity (True 2012:35-52). In addition to the deprivation of an education and a lucrative job, women are also subjected to brutal violence when they’re considered to have stepped out of line. As outlined in the short film Women’s Rights, forced marriage and domestic violence are a very real and present danger to women living in patriarchal, developing societies – with no education and no freedom of choice, women are merely items to be traded and used as a domestic tool (Films Media Group 2010). The political economy of violence against women in Arab-speaking countries falls heavily on the shoulders of sex crimes. Not only do women these countries face forced marriages, genital mutilation, and acid

Example of Cause and Effect Essay Free Essays

VERTIGO Vertigo is a feeling of dizziness. Person with vertigo often feel that their body or the things around them are moving or spinning when they are standing. It can be caused by a problem with the balance mechanisms of the inner ear, a problem with the nerves that connect the brain to the middle ear, or a problem with brain cause a head injury. We will write a custom essay sample on Example of Cause and Effect Essay or any similar topic only for you Order Now The most frequent cause of vertigo is there is a problem with the balance mechanisms of the inner ear. When the virus or bacterical infected the inflammation of the labyrinth (a system of canals and cavities within the inner ear which gives us our sense of balance), such as common cold or flu virus that spread to the labyrinth, or when the crystal of vestibular labyrinth, inside the ear, become dislodged and move in to the one of semicircular canal, it will make the patient suddenly get the feeling of vertigo. A problem with the nerves that connect the brain to the middle ear is also the cause of vertigo. When a person gets vestibular neuritis (inflammation of the vestibular – the nerve running to the vestibule), it will destroy the collaboration between the semicircular canals and the brain work to control the body balance and he will get the feeling of vertigo. The other cause of vertigo is there is a problem with brain caused a head injury. Some people who get a head injury, because of an accident or a strong earth quake, most of them suddenly feel that all the things around them moving or spinning. The sudden sensation can occur many times a day. It occurs because the head injury destroys the balance nerve in their brain. Many things can cause vertigo (a dizziness feeling that makes people feel that their body or their surrounding are moving or spinning). But the three most frequent causes of vertigo are a problem with the balance mechanisms of the inner ear, a problem with the nerves that connect the brain to the middle ear, or a problem with brain cause a head injury. How to cite Example of Cause and Effect Essay, Essays

Eliminating All Pollution Is Worse Than Bad free essay sample

Pollution has only become a global problem, or been recognised as a global problem in the last few years. The question at hand, of eliminating all pollution can be worse than bad, warrants validity as it would severely decrease the standard of living (and many other technological advances that make our life pleasurable) along with the goods and services provided by the polluters. It is not feasible to eliminate all pollution, nor is pollution purely a problem of industrial societies. The issue for economists is how to reach the optimal level of pollution as there is distortion interfering with the working of what is known as the ‘invisible hand’ (markets automatically channeling self-interest toward socially desirable ends). What must be discussed is the importance of government intervention and the notion of externalities caused by pollution. External costs produce one type of market failure and that market failure leads to inefficiency in the allocation of resources. We will write a custom essay sample on Eliminating All Pollution Is Worse Than Bad or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Society has to pollute at a reasonable level. We should not pollute past the assimilative capacity of the resources unless we find a technology that will clean up the pollutants. This can be extremely expensive; therefore, society must pollute at a quantity at which its total benefits exceed its total costs by the greatest amount possible. This occurs at a level where the marginal benefit of an additional unit of pollution equals its marginal cost. Marginal benefit refers to what people are willing to give up in order to obtain one more unit of a good, while marginal cost refers to the value of what is given up in order to produce that additional unit. Additional units of a good should be produced as long as marginal benefit exceeds marginal cost. In the above graph, we can see that where the marginal social benefit (MSB) is equal to the marginal social cost (MSC) of environmental quality, we have an efficient level of pollution, Q*. This is the point after which the cost of an additional unit of pollution prevention exceeds the benefits to society derived from that additional unit of pollution prevention. For all units of pollution prevention from zero to Q*, the benefits derived from a one-unit increase in environmental quality exceed the costs. When companies (and individuals) who pollute do not bear the full costs of their pollution, their marginal private cost (cost of one more unit of environmental quality) is lower than that of society. As the level of pollution prevented goes up (move right in diagram), the marginal cost increases. This is because eliminating small to medium amounts of pollution may be relatively easy, but total elimination of pollution would cost considerably more. The marginal benefits curve also decreases at an increasing rate (moving to the right) showing that a small pollution reduction will be felt less if the environment is good, rather than if the environment is poor. When a company pollutes, it produces what economists call a negative externality. This means that society has been negatively affected by the polluter (e. g. health risks or sore throats etc). This means that due to the externality, the social cost of producing the good exceeds the private cost. The socially desirable quantity of the good Qoptimum is therefore smaller than the equilibrium quantity Qmarket. Without some type of regulation, companies will not take all marginal social costs into account and will produce at a level that is damaging to the environment. The difference between these two curves reflects the cost of pollution emitted. This can be demonstrated in the diagram below. To achieve maximum economic efficiency, government intervention must exist. In an unregulated market, producers dont bear the cost of the pollution which means they have no incentive to prevent it and the costs are passed on to society. This means producers have lower marginal costs than they would otherwise have and the supply curve is effectively shifted down (to the right). This results in both an inefficiently high level of production and an inefficiently low level of pollution control. A solution to this inefficiency is direct regulation whereby the government tells the company how much it is allowed to pollute. This is known as a pollution permit – the Government give out the legal right to admit carbon to the atmosphere. Another solution is known as the command and control strategy – whereby detailed regulation of technology leaves polluters little choice in how to achieve the environmental goals. One other policy which is seen to be the most efficient, is imposing emission fees known by economists as a Pigovian tax. Under a system of Pigovian taxes, the government charges for the damage done by polluting. By doing so it converts the external cost into an internal cost (internalizes the externality). According to the article â€Å"Equilibrium Pollution and Economic Development in China† there is one such levy system in place whereby it formally requires that a fee be paid by any enterprise whose effluent charge exceeds the legal standard. This has been proven in the article to be an effective way of regulating pollution. This implementation of the tax can be shown in the diagram below. If we consider this supply and demand diagram prior to Government intervention (red line), the market leads to equilibrium price and quantity (P1, Q1) determined at the intersection of the supply (or MPC) and demand curve. Implementing such a tax causes a deadweight loss – the reduction in total surplus (d+g). However, the avoided externality is equal to d+e+g, which means the benefit of the environmental regulation is apparent and the deadweight loss is internalised. So in other words, the tax causes supply to rise as a result the quantity consumed tends to decrease as the costs are higher for the purchaser. But the price received by the producer is lower than it was before, as the tax is paid to the government. The environmental cost is then shared between the producer and the consumer of the good. The opinion of an Economist from the Melbourne Institute of Applied Economic and Social Research should be duly noted when discussing a Government policy in relation to the environmental outcomes of pollution; â€Å"To many, the key issue of concern in the climate change debate is that of securing a workable global environmental agreement, rather than specific concerns over design of a carbon tax.. † (Harry Clarke, 2011). As a consequence of companies producing their product, pollution is emitted into the atmosphere which has become a global problem. Pigovian taxes seek to address the global costs associated with carbon emissions. They have significant effects on markets for goods which utilise carbon-intensive inputs and on markets for these inputs themselves, as well as for substitute and complementary inputs. As long as externalities exist and are not internalized via Pigovian taxes, the result is inefficient. The inefficiency is eliminated by charging the polluter equal to the damage done by his pollution. In some real world cases it may be difficult to measure the amount of the damage, but, provided that that problem can be solved, using Pigovian taxes to internalize externalities produces the efficient outcome necessary for all involved. Eliminating all pollution would cause a severe loss in the standard of living and be extremely costly if it were possible. Society needs to find the correct balance of polluting in order to have the marginal social cost equal the marginal social benefit to achieve maximum economic efficiency.