write one page analyzing for econ news, economics homework help

account_balance_wallet $20

Question Description

No more than two, typed double spaced pages with 1” margins on all sides at

12pt. font size analyzing a current economics-related news article of your choice highlighting the costs and benefits of the

article’s subject using economic concepts to support your arguments. I do not want a mere summary of the news article, for

that I can simply read the article myself. Also, ATTACH a copy of the article you are analyzing to your submission to me.

Unformatted Attachment Preview

[Your Name Here] [Your Student ID # Here] Econ 2 – Macroeconomics Spring 2017 Professor Chin HOMEWORK #1 Summary The article discusses the construction of the Wilshire Grand Hotel in downtown Los Angeles and the impact of the shine or brightness of the building’s exterior on its neighbors. The neighbors are complaining that the windows reflect sunlight and heat which causes glare into adjacent buildings, including associated heat. The heat causes nearby building to use their air conditioning more, causing higher electricity bills than would otherwise occur without the additional glare and heat from the Wilshire Grand Hotel building being erected. Analysis: Costs Costs to the developer of the Wilshire Grand Hotel include additional expenses to alleviate the brightness and reflection of sunlight off of its windows that were not accounted for in the initial construction estimate. These costs are actual expenses that the developer must incur to remediate this problem. There may also be costs to the developer if no action is taken, such as facing a possible lawsuit by affected parties to force the developer of the hotel to remedy the issues brought up by its neighbors. Lawsuit costs include hiring legal representation and the time and expense seeking a court and jury solution. Costs to the neighbors or affected parties of the increased reflection and heat from the sun beaming off of the Wilshire Grand Hotel include increased electricity bills from heightened use of their air conditioning systems. Moreover, the affected neighbors may have to spend monies to tint windows to reduce the affects of the glare reflecting off of the hotel. Analysis: Benefits Benefits to affected neighbors of the Wilshire Grand Hotel, according to the neighbors who are complaining, are none. They would like the hotel to reduce the glare and heat reflecting off of the hotel. Benefits of doing nothing for the Wilshire Grand Hotel is not having additional costs to remedy the issue by reducing the reflection, maintaining the shine and look of the hotel, which presumably is more aesthetically pleasing and may positively impact its real estate value to leave “as is.” There may be benefits to the Wilshire Grand Hotel to remedying the problem, by avoiding possibly higher costs of a legal suit in the courts. Addressing the neighbors’ concerns without going to court may be a cost minimizing approach, as presumably going to court may risk losing the fight and be forced to reduce glare anyway, with the additional expense of court fees. Benefits to the pursuing a resolution with the affected neighbors also include saving time in not engaging in a protracted legal fight and resolve the issue more quickly so that the hotel can continue its business operations from any distractions related to its windows negatively affected its neighbors. The opportunity cost of engaging in a legal fight to avoid addressing the neighbors’ concerns, which is a negative externality or spillover effect to coin a phrase from economic theory, may be greater than addressing the issue straight away since the hotel developers time may be better spent on making the hotel business profitable. Some Wilshire Grand neighbors say the tower's glass surface creates too much glare Wilshire Grand under construction. (Video by Ox Blue/Wilshire Grand Center) By Hugo Martin NOVEMBER 17, 2016, 7:00 PM N eighbors of the Wilshire Grand tower have a billion­dollar view — but some complain that they can’t enjoy it when sunlight bounces off the nearly completed building’s glass surface. “That is annoying as hell when the light is coming straight through the window at your face,” said Jeffrey Hurst, an attorney who works across the street from the architecturally acclaimed skyscraper. “It’s nearly blinding.” The Wilshire Grand, the tallest building west of the Mississippi River, has been rising at Figueroa Street and Wilshire Boulevard in downtown Los Angeles since February 2014. The 900­room hotel joins a growing roster of modern reflective structures, such as downtown’s Walt Disney Concert Hall, that have been asked to hit the dimmer switch. EYP Realty, a real estate management firm that owns a building next to the $1­billion project, has filed a protest with the city of Los Angeles, asking that the project’s building permit be revoked. The company wants owner Korean Air to stop construction and replace the glass exterior of the 1,100­foot structure, which is scheduled to be finished in four months. “The installation of the very reflective glass is a clear violation of the conditions of approval for the Wilshire Grand project,” Ryan Leaderman, an attorney representing EYP Realty, wrote to the city’s Department of Building and Safety this summer. The department studied the complaint and issued a report last week saying it did not violate city environmental rules in approving the original building permit. Leaderman said EYP will appeal the decision to the city’s planning department. A representative of Wilshire Grand’s developer said EYP has failed to offer any details, such as the time of day when the glare is worst and which part of the building is causing the problem. “We would be willing to work with them, but they have provided no evidence of anything specific,” said Lisa Gritzner, a spokeswoman for AC Martin, which is building the hotel tower for Korean Air. AC Martin consulted experts and reviewed several types of glass before deciding on the material that covers the building, Gritzner said. Representatives from the city’s planning department were consulted about the glass chosen by AC Martin, she added. The fight over the glare shines a light on an increasing problem with modern buildings encased in reflective material. Workers had to use hand sanders on parts of the stainless steel facade of the Walt Disney Concert Hall in 2005 after neighbors in nearby condominiums complained about a reflective glare from the building. In London, a glass­sheathed office building named 20 Fenchurch Street garnered the nickname “the fryscraper” a few years ago because the building was reflecting so much glare onto the streets that pedestrians were able to fry eggs on the sidewalk even on overcast days. The Vdara Hotel in Las Vegas installed a thin film on 3,000 glass panes on the building’s exterior and erected giant poolside umbrellas in 2010 to cut down on the intense reflection of sunlight off the curved, glass­coated structure. In Dallas, a 42­story residential building began in 2011 to reflect so much sunlight on the adjacent Nasher Sculpture Center that critics said it risked damaging the art inside. After five years of meetings on the problem, no solution has been proposed. Experts say building glare has become more prevalent because developers are more likely to use new glass technology that controls how much light enters a building. But that technology means more light is bounced away toward neighbors. Marc Schiler, a USC architecture professor, said computer­assisted designing also makes it easier for developers to create buildings with curves. “The combination of all of those things means that we live in a world where there are more opportunities for surprises,” he said. In Los Angeles, EYP Realty, a subsidiary of Brookfield Property Partners, operates out of a 41­story building on South Figueroa Street, south of the new Wilshire Grand tower. “ What they are asking us is to remove all the glass on the building. There are a myriad of solutions that have nothing to do with removing our glass. — Lisa Gritzner, a spokeswoman for AC Martin In a June 14 letter to Los Angeles’ chief code enforcement officer, EYP Realty said the tower’s exterior is highly reflective and “creates severe glare and reflective conditions several hours a day.” The letter also says that the Wilshire Grand had up to 95 types of glass to choose from and selected “the one with the absolute highest exterior reflectance.” Inside the 725 S. Figueroa St. building owned by EYP Realty, tenants say the glare comes and goes, depending on the time of day and the angle of the window panels on the Wilshire Grand. Paralegal James Swanson said he and his co­workers are forced to pull the blinds in the 27th­floor break room because of the glare. “It’s a shame because that is such a great view,” he said. A Brookfield Property Partners spokesman declined to elaborate on the problem, offering only a statement that "the safety, comfort and productivity of our tenants, our building staff and visitors to our property and the surrounding area is our top priority.” Gritzner said the Wilshire Grand tower is convex shaped so that the reflection of light off the building’s surface is dispersed, not concentrated on any particular area. Already, 85% of the glass exterior has been installed, and construction of the building is expected to be completed in April. “What they are asking us is to remove all the glass on the building,” she said. “There are a myriad of solutions that have nothing to do with removing our glass.” Gritzner added that the project developer has a Facebook page and a Twitter account but has received no other complaints from neighbors or pedestrians about glare from the building. Dave Balassi, who works in a title insurance company on the second floor of 750 S. Figueroa St., was standing in front of the building Thursday. On some days, he said, the reflection from the Wilshire Grand has been so intense that “it feels like a heat lamp out here.” hugo.martin@latimes.com To read more about the travel and tourism industries, follow @hugomartin on Twitter. ALSO Pomona hospital employees say patients are at risk of superbug infections Workers were paid $4 an hour to make clothes for TJ Maxx, Forever 21, Labor Department says Twitter suspends prominent alt­right accounts, including Richard Spencer's UPDATES: 7 p.m. Nov. 17: This article was updated with additional comments from neighbors. 2:05 p.m.: The article was updated to say that EYP plans to appeal the Department of Building and Safety’s decision on Wilshire Grand Center’s building permit. 12:15 p.m.: This article was updated to elaborate on what the Department of Building and Safety had to say about issuing the building permit. 1:50 p.m.: This article was updated to include the news that EYP Realty plans to appeal the Department of Building and Safety’s ruling about the building permit for Wilshire Grand. This article was originally published at 11:15 a.m. on Nov. 16. Copyright © 2017, Los Angeles Times This article is related to: Walt Disney Concert Hall ...
Purchase answer to see full attachment

Tutor Answer

School: University of Virginia

Hi. Attached please review the assignment to your satisfaction. Am turning it in 9 hours earlier so that you have time to go through it and make recommendations if any. Will be offline for some hours but will be back before time elapses for any feedback. Thanks so much for the opportunity. Will Mark Question Complete but will be available later if need be.


Student’s ID:

Course Title:


Costs and Benefits Analysis
The article is a concise cost-benefit analysis of the monetary returns in India’s
demonetization exercise. This involved the mopping up of 86% of the countries money (rupees)
in circulation which proved to be a tall order. This followed a bold decision reached on
November 8, 2016, to withdraw two banknotes that amounted to 86% of the rupees in


It is a widely held belief by many economists that withdrawing the current notes just like
that would severely affect the country’s immediate growth. This is because of the sudden
challenge of demonetization as evident from the mounting costs of the exercise when viewed
against the benefits which appear uncertain. The exercise appeared costly with characteristic
long queues around banks in a rush to exchange or deposit old notes for new ones to beat the set
deadline. However, normality seemed to have returned though there was a cap on the amount of
money that could be withdrawn from ATMs or over the counter owing to an acute shortage of


In terms of economic costs, available evidence shows the exercise negatively affected
consumers, businesses as well as investors in the last weeks of 2016. According to the research
group, Nielsen, there was a reduction in growth on fast-moving consumer products by a 1-1.5%
margin. Other areas also affected included the bigger-ticket items as evident from data got from
the year-on-year sales of one of the biggest purveyor of two-wheelers, Hero Motocorp
registering a drop in sales by December.

Other sectors that suffered from the economic contraction including the manufacturing industry
despite the projected optimism experienced in the early months of 2016. According to a data
provider, Centre for Monitoring India Economy, firms’ investment proposals experienced an
average fall of between 2.4trn rupees ($35bn) to 1.25trn rupees, in the just ended last quarter. In
terms of costs, this meant that the growth in corporate-credit which was already suffering got to
its lowest point in 30 years.

The costs issue of the exercise could justify the benefits is debatable. India’s Prime
Minister, Narendra Modi, in a speech announcing the demonetization process, enumerated some
benefits including tackling corruption and targeting untaxed wealth. Profiteers and gangsters
hoarding unaccounted for money would be stranded with their ...

flag Report DMCA

Tutor went the extra mile to help me with this essay. Citations were a bit shaky but I appreciated how well he handled APA styles and how ok he was to change them even though I didnt specify. Got a B+ which is believable and acceptable.

Similar Questions
Related Tags

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors