Financial Struggles of Low-Income Customers

Finance topics

1. Are the overdrafts, payday lending and the under banked in red light?

Low-income customers are becoming payday lenders while traditional banks are pushing them to manage dues. People are not able to perform basic financial needs in this traditional banking system. Reducing the overdraft fees is expected to make an improvement in the overall financial health of people and that with a cheap rate.

2. Importance to improve racial equity in banking? A case scenario from JPMorgan

Each bank needs to be committed to advanced racial equity. It can be of various types such as housing, small business across U.K. Bank’s longer term commitments are discussed in a way that it aligns with the bank's longer-term growth strategy. JPMorgan chase’s path forward since the advanced racial equity is justified and success achieved.

3. How will the overall income be affected by closing the wage gap?

Companies are currently under pressure and the wage gap is increasing day-after-day. There is more data given on employee salaries as transparency should be maintained everywhere. It is not helping workers to generate a good amount of salary as a large section is getting a small amount whereas a small section of employees are getting a huge amount.

4. Companies reacting to covid crisis: is employee suspension the ultimate solution

Keeping or cutting workers have been identified as a great risk. Colleagues are revealing the true factors behind leaders' choices in the early months of the pandemic. It is obviously advantageous to the companies if they are following cost cutting and only choosing the best employees for their services during covid.

5. How is covid causing bankruptcy for small businesses?

Small business could cause bankruptcy since most of the businesses are going out of track due to the covid crisis. Economic cycles are going down and an increase in unemployment is raised. Covid-19 recession has just happened to be unfriendly within the consumer industry. Moreover, VC investments are also not encouraged.

6. A new pathway of helping consumer reduce their credit card debt: “Repayment by Purchase”

Consumers are failing to pay off their credit card debt each month and they might suffer from different types of financial consequences. Repayment by the means of purchase along with allocating a certain amount on credit card bill is associated with an improved progress. Short-termism is a mode of payments that is important since specific purchases.

7. An access to the finance market through foreign investment for SME

Foreign exchange components are working with market liquidity. Many of the firms are getting closed due to the currency risks. Natural hedging is observed due to the exposure of systematic risk and threats. Expectations can be part of macroeconomic models and a significant exploration should be mentioned within the market for maximum impact.

8. How innovation is driving the investment traffic to the market?

Cross-border venture capital is helping in foreign investment largely. Foreign corporate investment transactions form a trade-off as young firms are working hand-to-hand for pursuing innovations. The foreign investors mark knowledge on the contents of improving innovations and getting better market exposures. Employees should get their payments on time and the risk of losing health insurance should be lessened.

9. Reaching out to the poor via microfinance institution

Microfinance is expected to break barriers and manage low-income households. The process is expected to provide a secure income flow and save it for future needs. Microfinance helps in coping up and rebuilding the business. Box6 is identified as an example of microfinance provision in Guyana which is small-scale.

10. Venture capitalism: pros and cons

Venture capitalism is helping to keep a person’s money intact and ensures security inside a company. It can help the company deliver promising growth and connect with other business leaders that can assist on growth. It is limited since the company is not ready to grow and investors own a stake inside the company.

11. Is the ethical aspect managed within corporate finance?

Corporate finance is being managed since company expansion is occurring through bank loans or other methods. Some business owners are seen to be losing the control over the company as there are several types of risks involved within corporate finance and the career path needs to be modified at its best.

12. How is the telecommunication industry being impacted by product innovation and its contribution to finance?

Telecommunication industry is being impacted by newer innovations since they allow to host VoIPs to step in. Current challenges in the telecommunication industry is helping in service configuration, invoicing, order fulfillment and even payments. Consumers want everything to be super quick since there is a lack of time in people’s lives.

13. Key success factors in foreign exchange: An identification of high probability trading strategies

Success factors are identified as an essential component in the foreign exchange module since high probability of gaining success is observed within foreign exchange. Back testing, maintaining a trading diary, timetable and realistic objectives are associated with reaching out to the different types of people in need. European and American markets are focused on the opening and closing.

14. Improving the supply chain finance in banking industry

A large section of the banks are being benefited by the supply chain as the clients are accompanied by considerable benefits from banking sectors. Cross-selling is occurring on banking products and services that applies to a development of improved transactions at a lower capital cost. Organizations are expected to increase their payment terms.

15. How the financial crisis in the UK is impacting the sustainability of homeownership?

Suppliers can get paid earlier with this process by including automotive, electronics and manufacturing components. Some financial crises are highlighted as subject to foreclosure while economic incentives in the housing and mortgaging organization markets are seen to be delivering the best possible homeownership components. Sustainability is expected to be achieved with an equal distribution of resources.

Fashion topics

1. Sustainable Fashion: Uses of alternative clothing in fashion retail

Alternative clothing in fashion retail is important since the product life range increase can manage the life range. It is made using raw materials which are having lesser impact on the environment. Clothing production impacts the environment by polluting the water and it is not sustainable at all and in sustainable fashion fabric is driven from eco-friendly resources.

2. Analysis of fashion trends and cultures across the royal families in the world

Fashion trends across the royal families include uses of certain clothing fabric that gives a rich look. Each fabric is comfortable so that it is carried for a long time by the royals in their events. They often come up with certain fashion accessories to style their plain clothes and incorporate different hairstyles.

3. Influence of western culture in clothing and lifestyle across the globe

Western culture influences the world in various ways. Exploitation of fast food and western fashion through multinational corporations are observed. Country’s traditional way of clothing is reduced with an influence on religion, culture, tradition, economy and the government as well. Native American design, Spanish dress, formal dress is associated with the clothing typology across the world.

4. Are smartphones defining fashion across the youth?

Smartphones are defining fashion across youths since they try to look into their wardrobe improvement. Celebrities and influencers are coming live on social media and showcasing their amazing clothing range. The popularity has increased over the last few years since mobile phones are accountable for connecting the entire world with each other.

5. Is it a curse of having curvy body type in fashion?

Having a curvy body type is not considered as fashionable. Young people are defining their fashion sense through uses of social media where a number of skinny girls have been seen. Body Shaming and disapproval of curvy beauty in the fashion industry has been occurring for quite a long time and the youth market is focused on sustainable fashion.

6. How did Lady Diana’s fashion statement influence the fashion industry?

The fashion statement influenced the fashion industry as the royal family member had her unique style of carrying jewelries and other ornaments. She broke the royal protocol sometime and wore clothing which defined herself. Here choice of cloth fabric, fashion accessories and individual items relate with fashion and trends that are evergreen and sustainable unlike fast fashion.

7. Examining the impact of western outfits over ethnic fashion?

Ethnic dresses include salwar suits, sarees and kurta, dhotis for female and male respectively. Ethnic wear comes from anything of Indian origin. Western outfits include jeans, t-shirts., miniskirts, shorts, trousers, as a part of daily wear. Some other types of clothing range include Spanish dress, frontier dress, cowboy dress that are quite popular on specific occasions.

8. How does clothing influence personal culture?

Clothing influences western culture since clothing is not just a material sewn together for protecting people. It identifies the cultural identity to its core. Showing unity among different things influences fashion highly. Technology and individual preferences are identified to be a main reason for leaving an impact on personal choice of clothing and culture.

9. Examine the impression of teachers on the mandatory rule of wearing academic dress across Britain's Government funded schools?

Fashion is connected to everyday lives and it is most significant and influences the lifestyles of individuals. Teachers might find it rude to encourage a dressing culture. Modernization art and technological innovations are influencing lifestyles to the core. While the rule is active the teachers do not often get a chance of wearing anything as per their liking.

10. How is “nylon” being included in the fashion industry?

Traditional clothes are worn on occasion and at times people can choose to wear different clothes as per their choices. Fashion is important to society since it tends to encourage different items to be worn. Nylon is an alternative to cotton and many of the costume designers are incorporating their fashion statement using these.

11. Moral Failure: How media portrays teen girls as a symbol of sex in fashion industry

Media portray teen girls as a symbol of sex in the fashion industry while self-objectification and surveillance can lead to misunderstanding. Poor norms regarding sex and objectifying female bodies is working as a threat to the sexual orientation in fashion industry. Nudity and sex should not be publicized and media has failed in managing the teen girl’s fashion.

12. The evolution of textile and apparel industry since era of 1990’s

The evolution of the textile and apparel industry has been impressive since 1990. The changes improve employment in poor, developing countries overseas. As a direct result of these, outsourcing is coming up as a negative action on the U.S economy. Textile industry is working on new inventions, the power loom and spinning mule.

13. How is fashion entrepreneurship overcoming the challenges and opportunities?

Fashion entrepreneurship is overcoming challenges and opportunities via beginning the mass production of clothing. The textile industry has been identified as an important aspect while the revolution is occurring via the increase of second hand clothing and increasing impact of globalization. It contributes to the 7% of the growth if encouraged with potential.

14. Contemporary issues in fashion marketing

Fashion marketing includes the hiring of plus size models or the globalization components. Some trades have been successfully promoted while some of them are not. Learning with time for the trade curve influences an interpretation of conditions. A well-defined goal and strategy over a time period can solve the contemporary issues in fashion marketing.

15. The material culture of women’s accessories – Feminine display, race formation and middle-class performance

Females are seen to be getting indulged with accessories of different types. It works as a part of displaying female fashionable objects. Material culture focuses on the way in which these material facets are central to an understanding of culture and social relations. Looking into more fashion objects is actually giving an insight of the fashion components.

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