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Accounting Firms Provide Systematic Accounting and Analysis

With organized files, proper financial documentation and the latest
technology, preparing taxes is more efficient than ever before. The top
accounting firms are already experienced in tax laws and own the best
possible financial software available which leads to an extremely
systematic accounting process. With such high caliber financial
documentation, business owners can expect efficient, accurate analysis
from experts in the industry.

Accounting Firms Offer Expert Advice

Established accounting firms are masters of the financial and business
world. They have the education to back up their work, so they can be
totally trusted. CPA’s exist to guide companies through the challenges
in the financial and business world. They know all the techniques to
ensure business owners gain from their financial endeavors. They could
even be credited as the driving force behind the financial success of a
business. For organizations or companies going through difficult times,
consulting with an expert accountant is necessary. This is not only for
taxes, but for all other financial aspects as well. They are trained to
be creative problem solvers who act within the confines of the law,
making sure their clients are their top priority.

Accounting Firms Offer Companies Strategies for Their Tax Preparation Needs

At tax time, nothing compares to the knowledge and expertise of a
professional CPA at a reputable accounting firm. Reputable, established
firms hire the best accountants available to maintain their good name.
They provide them with top-notch training so they can provide their
clients with the best possible service. Additionally, these firms have
the best group of experts in all areas of the industry. This is
essentially how these firms became successful in the first place.

Accounting Firms and International tax law

Some businesses offer international services that sometimes require the
expertise of an accountant with extensive training in International tax
laws. There are accounting firms that offer tax compliance and
consulting services to companies based in the United States or foreign
operations that will be extended internationally.

Many
businesses and organizations today have too many things on the go. They
require the assistance of a professional and established accounting firm
to keep their finances in order, particularly, when it comes to tax
time. Although it is cheaper for budding entrepreneurs to attempt to do
their own accounting, there really is no way to avoid all the benefits
of hiring a licensed accountant.

Applications of Computing Technologies in Agriculture

In today’s times, agriculture is not just about crop production or livestock farming and associated activities. The challenges brought forth by ecological factors affecting the environment need to be a major consideration for any kind of farming activity. Farmers need to preempt environmental impact due to climate change and this is where modern technology comes to the rescue.
Farmland Assessment
Geographic Information Systems (GIS) are being used for developing ranking systems that evaluate land and provide a site assessment to aid what is now known as precision agriculture. These hi-tech, interactive systems provide information based on a variety of factors such as soil conditions, drainage and slope conditions, soil pH and nutrient status, etc. Prior to the use of these systems, farmers were often in the dark about soil output, and unpredictable weather conditions affecting crop quality and profitability. Precision agriculture provides farmers with control by predicting vital information including fertilizer application and problems with drainage, insects, and weeds. Most government websites provide this kind of information free of cost, covering agricultural land masses across the United States. Global Positioning System (GPS) based technologies also help to monitor irrigation, field mapping, soil sampling, tractor guidance and crop scouting. This kind of technology equips farmers with enough information to increase crop yield in a manner that is consistent with the best environmental practices for sustainable agriculture.

Autonomous Farm Equipment and Tractors

Automated farm equipment, needless to say, scores over human controlled equipment in terms of consistency and reliability. Engine and machine functions such as transmission and hydraulic power output are controlled using microchips built into the equipment. Guidance technology is already being widely used in self-propelled equipment to aid crop seeding and fertilizer application. Automated feeding systems, computerized milk collection and milking machines have been around since the late 20th century, resulting in better economic yield for the dairy industry as well as livestock production. Automated tractors are probably not far away.

Farm Software

With regard to livestock farming, ready-made computer applications are available to track individual animals, storing and evaluating information such as age, health records, milk production, offspring productivity, and reproductive cycle status. This is often called herd recording. Similarly, most farm accounting software and other computer applications in agriculture provide services for record keeping, simulation of prediction-based models using that data, revenue and productivity estimation and reporting to aid in making decisions. Most farm software vendors provide you with an option to customize their applications to the specific needs of your farm or ranch.

Internet Forums, Social Networking and Online Knowledge Bases

Any business in the world that you can think of, has benefited from the advent and global reach of the Internet and related communication technologies (mobile computing, e-commerce etc.). Agriculture is no different. Imagine leveraging the power of the Internet to connect with farmers, agriculturists and agricultural scientists and other experts spread across the globe from the comfort of your own farmland or ranch. There are several forums and social networking sites on the Internet where farmers can connect with other farmers and farming experts and exchange know-how. In addition, there are several learning repositories serving as knowledge bases to provide information on a wide variety of agricultural topics. These avenues serve to reduce the rural digital divide, influence public policies, foster partnerships and connect all stakeholders across the agricultural value chain. For instance, a farmer can easily seek out and connect with an agricultural entrepreneur and begin the exchange of ideas or business proposals. Information such as price review for grain and livestock, pest information, real-time weather information (precipitation, temperature, humidity, solar radiation, wind speed, soil moisture and soil temperature) in any part of the world is literally available on one’s fingertips.

E-agriculture

An emerging field of agricultural practices, e-agriculture focuses on coming up with innovative ways and best practices to use the existing information and communication technologies (ICTs) for sustainable agricultural development and food safety standards, particularly in rural areas. E-agriculture encompasses other related technological fields such as agricultural informatics, agricultural development and business. It aims to deploy all available technologies (computers, mobile computing, satellite systems, smart cards) for the empowerment of farmers and strengthening of partnerships across the food value chain.

The uses of computers in agriculture do have some real constraints such as, the lack of hardware and software infrastructure, training and skills, and research priorities. However, once these are overcome, the use of computers transcends automation and software application. In fact, it could be instrumental in bridging the rural digital divide and bringing prosperity to agriculturists not only in the United States, but also in other developing and emerging economies around the world.

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1.How does it work conceptually? You have to create new company with account structure matching your template. Then you schedule regular GL entries migration into this company General Ledger. This company obviously doesnt represent legal entity but it has all your branches GL activity and ready for consolidated Balance Sheet and P&L. You can use internal reporting

2.How does it work technically? You can deploy several tools. First of all it is possible to pull GL records via Data Transfer Workbench when it has integrations for each company SQL database via ODBC. Second method is programming with Software Development Kit. This second method might seem like something challenging. However it is only one type of transactions and code samples in VB and C# are straight forward. There are ISV products working with SAP B1 SQL database via direct data feed. They are usually expensive and require learning curve. But if you are ready to deploy luxury solution then you should probably make your homework

3.International Business Specific multicurrency. Business One is multicurrency enabled so in our opinion it is just one additional factor to incorporate into the solution. We have done it for the company which operates in Brazil and USA with respectively Real and Dollar

4.Standard for Chart of Accounts. This might be additional challenge as often company deploys the same system in several countries but contracts different consulting partners to do from ground up implementation without coordination with central office. In consolidated financial reporting Chart of Accounts should be reviewed and unified in all business entities. In any case this is good exercise in order to understand you foreign country branch operations and finances or in other words strengthen central control

5.Other aspects of multinational environment and Business One. It is generally good idea to host all the installations on the server located in the Headquarters. There are definitely some specifics associated with foreign company regulations and tax code. But these compliances should not be the central emphasis. Instead you should think about your new Corporate ERP system as the tool allowing you to exercise tight central control over all of your overseas subsidiaries. General advice is to assign chosen consulting organization here in the United States for picking subcontractors for each country to implement just compliance related functionality. Compliance is just a small part of what the system is for

6.Please call us 1-866-304-3265, 1-269-605-4904 (for international customers, where our representative pick up the phone in St. Joseph, MI call center). . We have local presence in Chicagoland, Southern California, South West Michigan and Houston and Dallas areas of Texas. We serve customers USA, Canada, Mexico and Brazil nationwide and internationally via web sessions and phone conferences (Skype is welcomed). Our consultants speak English, Spanish, Portuguese, Russian and Chinese. We feature our expertise is in International Business. We provide second opinion in SB1 data migration, customization and reporting

Restaurants send out bulk messages to customers enrolled in their system. There are restaurant specific codes and telephone numbers given in the coupon that customers refer to, while replying via messages. Once the customers have registered themselves with the companys database, they start receiving messages about promotional offers and attractive deals. Restaurants can try out many innovative measures to attract attention of new customers and retain the recurring customers as well.

Loyalty towards the customers is the primary objective in the field of mobile text marketing for restaurants. This is also a good way to remain attached to customers and notify them in case of special discounts or attractive offers. Multi-point strategy adopted by restaurants help influencing customers in almost no time.

Let us now look into the striking features of mobile text marketing for restaurants:

Mobile text marketing for restaurants has become one of the most effective and cheap forms of communication for staying in touch with niche audiences.

Text messages sent through mobile can be personalized. Restaurants interact with customers on personal ground and keep them updated about the upcoming offers and discounts. This makes customers feel special and they love receiving such messages as well.

Mobile text marketing for restaurants creates instant call to action. For instance, if flow of customers is low on a particular weekday or on a particular time of a day, the restaurants can arrange for special offers during these days or time of a day to increase flow of customers. Offers like free desert or appetizer can reap effective results.

Mobile text marketing for restaurants is a very cheap option. Message sweepstakes and bulk messages are cost effective in comparison to the conventional advertising methods.

Restaurants enjoy high return on investment with such text message marketing strategies.

Mobile text marketing is one of the simplest means for reaching out to the targeted audiences. This effective form of marketing campaign takes very little time to reach out to the masses, since it is fully automated.

It is a convenient method for customers as well. They can order food by texting small word along with the product code. Foods get delivered at the doorstep conveniently.

Mobile text marketing has become one of the most effective means to stay connected and expand the customer base. Business houses start by creating a list of customer base to be contacted. To collect people’s phone numbers, restaurants start by giving out dining vouchers. According to some recent reports, about 80% of the Americans book their tables through facilities like mobile text marketing for restaurants.

These aforementioned facilities of mobile text marketing for restaurants have made this marketing strategy a highly preferred option.

1. Capitalism is the full recognition of the rights of individual property or an individual with no specific boundaries. Private property rights is the guarantee for the individual concerned to uphold freedom and independence. Individual freedom will become a reality when he justified his own to have a guaranteed without parties or other individuals sued.
2. Capitalism is a recognition of the right of individuals to conduct economic activities in order to enhance socio-economic status.
3. Capitalism implies recognition of a push or economic motivation in the form of the spirit to achieve maximum benefit (profite oriented).
4. Capitalism also includes the affirmation of freedom of competition with other individuals (freedom for competition).
5. Capitalism recognizes the legal validity of the free market economy or the market mechanism (Seda, 1996:272).

Fifth recognition is then a manifestation of the concept of Laissez-faire, Laissez-Passer which is the core of capitalism and liberalism. “Modern Industry never have evolved without any division of labor and capital accumulation both of which were based on self-interest” says Smith.

Before rolling into other problems, it helps if we first discuss the origin of the word capitalism itself.

The terms of capital or capital or Capitale (derived from the Latin: caput, which means it is the head) appears first in the 12th century and 13th century which meant funds, stocks, some money and interest on the loan. Ferdinad Braudel quotes a priest of St. sermon. Bernardino of Siena (1380-1444), “quamdam seminale quam rationem lucrosi cummuniter vocamus capitale” (that is the main cause of prosperity usually capital). These terms refer, more narrowly, the wealth of money a company or a dealer. Berger writes, nouns “capitalist” is probably began in the mid 17th century which refers to the owners of capital. Adams Smith, who had been regarded as the father of capitalism do not use this term, instead he used the term “system of natural liberty.”

Warner Sombart was the first to recognize capitalism as a fundamental concept of a system of economic thought in his book, Der Moderne Capitalismus which was published 81 years ago (1921).

In the beginning introduction, the term of capitalism is not getting good response from social science experts, including Karl Marx himself was so excited and enthusiastic about offal dismantle capitalism. The term capitalism is even considered as an expression of a “lot of noise” that needs to removed from the vocabulary of social science experts. It’s different with the current condition where the term capitalism has become a kind of “life style icon” for intellectuals. Everyone is talking about capitalism and link (sometimes visible force) with a variety of social phenomena when trying to explain the reality of what happened.

One important point in the discussion of capitalism is to figure out a fundamental characteristic of these systems, as already mentioned above, ie, maximizing individual gains through economic activities that are intended to help the public interest. The principle that applies in the laissez-faire capitalism is, that is a principle that prohibits external authority to intervene in economic affairs. The basis of this principle is thought, that if humans are given the freedom to pursue profit there will be competition with the stability of society will be maintained because there are invisible hands that govern them. Another principle of capitalism is production for profit is intended to increase the capital. With this logic of the capitalist are competing to produce goods as efficiently as possible so that capital can be accumulated and the foundation of the company is getting stronger.

In development since its inception, capitalism has several historical stages. Dillard dividing the stages into three.

The early stage of capitalism (1500-1750). Development of capitalism can not be separated from the development of clothing industry in England in medieval times that is, the wool industry. Wool industry was built on the rural-rural England. Determination of rural areas as a production center, according to Dillard, beneficial for the development of British capitalism because of conflict-avoiding social conflict as happened in Florence in the 14th century and 13th-century Flanders.

Dillard trace, during this “social surplus” obtained is not used to build pyramids and cathedrals but is used to build businesses shipping, warehousing, raw materials, finished goods and various other form of wealth. In addition three other things that support their development is, first, the religious support for their hard work and live frugally. This support comes primarily from Protestant Calvinism and the teachings of Martin Luther King. For teaching the material prosperity of medieval Catholicism is considered “something” dirty. St. Jerome said, “a rich man, if not necessarily the child thief thief”. However, the development of trade in the late Middle Ages led to controversy and encourage efforts toward adjustment between theological doctrines with economic reality. In many regions of Europe, Venice, Florence, Augsburn and others, the capitalists violate the spirit and letter of prohibitions against manipulating the flowering of money. Protestant Reformation in the 16th and 17th centuries is also accompanied by economic changes that resulted in the development of capitalism in Holland and England.
Chronological and geographical correlation between this new religion with the growth in the economy to create the impression that Protestantism has a causal significance to the emergence of modern capitalism, although not in any sense the cause of capitalism, the first existing in a broad scope and growing, but ethics Protestants became strong stimulus for the economic order. Revision or interpretation of religious doctrine not only frees the capitalist practices of the sin of greed, but even membari divine support for the way life is.

Second, the effect of precious metal from the New World on the relative distribution of income on wages, profits and rent. Gold and silver from mines in Mexico, Peru and Bolivia to increase European precious metals stocks to seven-fold and increased the prices of up to two or three times in the years 1540-1640. The result is situated on rising prices, causing the landlords hit due sebandingnya not increase rents and increase the cost of living. For the landlords that aggressive, raise rents and apply the practices of capitalistic agriculture is the solution implemented. Inflation is giving birth profits for the capitalists, including traders, industrialists and other employers. In the end, these favorable conditions add to the savings and capital accumulation for them.

Third, the role in helping countries and directly to capital formation in multi-modal forms of capital. Dillard writes that the positive contributions and historical significance of mercantilism that era is the creation of necessary conditions for rapid economic change and cumulative in Western Europe.

Condition of Europe at that time was the same as the conditions of developing countries where the state started the 20th century, cumulative process of economic development. In addition the country also needed to create conditions which could give a proper atmosphere for the operation of such economic activities, providing protection from foreign attack, providing facilities that support transportation, communications and port installations, arrange a suitable legislation for capitalist progress, the creation of domestic markets and tax free other obstacles within the limits of state and others.

Classical capitalism (1750-1914). Start the 18th century there was a shift in the development of capitalism in which the domination of trade in economic activity is replaced by the industry. The domination of capital that had been dominated by trade in capital switched to industrial capital. This is caused by the industrial revolution in England. Adam Smith in An Inquiry Into the Nature and Causes of The Wealth of Nations it is the most influential factor in the development of classical capitalism.

After the French revolution and the wars, Napoleon swept the remnants of feudalism and mercantilism loosen, Smith’s policy came into effect. Policies of laissez-faire, laissez Passer (free trade, market mechanisms, a balanced budget and strong financial using the gold standard) is run. In England this system looks at the removal of Corn Laws in 1864.

Applicability of liberalism in European countries is the successful efforts of the bourgeoisie venture capitalists raised to a position for a while very influential. Economically successful political force that eventually generate profitable capitalistic process.

The implementation of free trade in his time period of economic expansion will bring a very large for Europe, with the colonization of Asia, Africa and Latin America.

Advanced phase of capitalism (since 1914-present). In this phase of capitalism is also experiencing rapid growth in its history insanely particularly in social management.

World War I marked a turning point in the development of capitalism in general and Europe khususnya.periode since 1914 witnessed a reversal of public interest to capitalism and the reversal of almost all the tendencies of the pre-war liberals. Sebalum decades of war, capitalism, strong leadership in Europe to run the international economic community. Developing world markets, the gold standard almost become universal, Europe acting as world and European banks became central to increasing the volume of international trade.

But after World War I, the trends change, U-turn. International markets subside, the gold standard was abandoned and the national payment instruments, preferably in a controlled manner, the hegemony of European banks moved to the United States. Regarding the actual displacement of this hegemony has been predicted long ago by Adam Smith:

Starting from shop owners, merchants and their legal experts (American colonists) would become statesmen and legislators and legislators-will be employed to reach a new form of government of a vast empire, which in their beliefs – beliefs which may very true – will be one of the largest and wonderful empire which had existed on this earth.

Of peoples in Asia and Africa that have been used as the colony managed to rise against European colonialism and also added in trade barriers, more and break the European dominance in the world.

Meanwhile capitalism in Eastern Europe began to weaken due to the Bolshevik revolution driven by Lenin. Revolution has been dismantling the principal institutions of capitalist private ownership of means of production over a large area, unload the class structure, the old forms of government and the established religion. Moreover spirit generated by the Russian revolution in less than half a century, managed to appear to challenge the superiority of capitalist organization of production systems. In Western Europe and the shift by abandoning traditional forms of capitalism. Above all, Laissez-faire, the policy into an agreement to the 19th century, had been humiliated by the war and postwar experiences.

With the onset of major depression in the 1930s, the capitalist system that had stood settled, shaken up by the roots. Laissez-faire, said Dillard, suffered a severe blow from the president’s New Deal of Franklin D. Roosevelt in the United States. Gold standard collapsed completely, falling stock markets. While in England, which is the home of capitalism, free trade be abandoned. Classical principle of strong financial, annual budget was balanced, in practice and theory is replaced by a planned deficit during depressed economic activity. At the end of World War II, the glorious period of classical capitalism fade with dinasionalisasikannya basic industries, including coal, transport, communications, public interest and the Bank of England by the labor party in power in England.

malaise Passover is the beginning of the welfare-state system that put the country back on its function – although not total as in communist countries. In the welfare-state system of state run social functions for maintaining the stability of capitalism.

Form of capitalism, this type can be seen in the United States, which by Saiful Arif mentioned systems in the United States has several aspects: first, the principle of freedom (freedom) which means free enterprise and invest (free entry in consumption and investment) and limitations on government intervention as well as arrange democratic political model.

Second, the principle of balance (equality). The presence of diffusion between the political and economic power; the same bargaining power between producers and consumers as well as equal opportunity as well as efforts to create equity.

Third, the principle of justice (fairness). Represents an attempt to avoid unfair practices such as workers who do not meet the standard; host relationships and exploitative employers and others.

Fourth, the principle of welfare (welfare). To take into account the allocation and production efficiency. Welfare parameters can be known through government oversight of price stability and efforts to create a condition of employment that is full employment (labor intensive).

Fifth, the principle of sustainable growth (sustainable growth). The indication is the real income growth and technological progress.

Susan George writes, in the year 1945 or 1950, if you seriously offer any ideas and policies that are currently referred to as neo-liberalism, you will be ridiculed on the stage or sent to a psychiatric hospital. In any western countries, at that time, each person is a Keynesian, Social Democratic or Christian-Social-Democratic Party or the Marxist. The idea that markets should be released to manage the public and political policies: an idea which states that countries should voluntarily stay away from the economy, or companies should be given total freedom, that trade unions should be curbed and social guarantees society must be reduced – such ideas felt very strange to the spirit of that era. Although some people approve of these ideas, but they will not hesitate to bring it and will find it difficult to find his audience.

But after the collapse of communism in 1989, the welfare-state is becoming obsolete. Collapse of the welfare-state system has actually been started unreadable since Margaret Thatcher and Ronald Reagan to power and change the existing policy in their respective countries toward neo-liberalism that is often termed Thatcherism and Reagenisme. In the 1990s this condition is intensified with the increasing acceptance of neo-liberalism by most of the world community through the logic of globalization.

Values of certain investments can have a detrimental
affect by varying prices of commodities and uncertainty of the futures
market is where commodities risk comes into play. Foreign investments
can be affected when there are modifications in the exchange rate of
foreign currencies. Although portfolio managers are unable to control
the risks created by these adjustments, they can hedge those risks with
derivative financial instruments. A financial instrument is an asset
than could be traded.

An interest rate, an index or even another
underlying asset are things that determine value from something else
and pertains to how derivative financial instruments function. A
portfolio manager will be able to offset or reduce the risk to
particular assets by including derivative investments. Also called
hedging or a hedge, these decrease the risks through derivatives.

Quite simply, a hedge acts as a method to stabilize the value of an
asset in a portfolio or even to reduce its volatility. When interest
rates are affected by commodities or exchange rates,the objective of
hedge accounting is to reduce the risk to assets. Complex financial
instruments can be tough to account for because they change in value on
any given day. Measuring the fair market value of an asset that changes
is known as mark to market (MTM). When the value of investments is
modified on the balance sheets of corporations or financial
institutions, this can create large changes in the profit and loss
statement./Changes in the profit and loss statements occur when the
value of an investment is altered positively or negatively on the
balance sheets for the corporate or financial institutions. These
changes can have a negative effect on how the company is valued.

In order to stabilize these modifications, hedge accounting allows the
underlying investment and the hedge to be treated as one entry.
Reflecting every loss or gain on the hedge and the underlying asset
within the same reporting periods, this will permit financial
institutions or companies a way to do that. This is true even if the
gain or loss on the hedged asset is deferred or will not be realized
until a future date. This kind of hedge accounting is governed by the
Financial Accounting Standard’s Board (FAS) of the United States. The
specific rule that pertains to derivative accounting or hedge accounting
is FAS 133. The intention of FAS 133 is to make the accounting of
derivatives more transparent by requiring that they be shown on a
company’s balance sheets.

While at times a burden, a business
won’t be able to use hedge accounting to stabilize their balance sheets
from market forces unless they meet all the reporting requirements as
stated in FAS 133. Companies and financial institutions need to document
various details of the hedges to be able to prove that they were made
for the purpose of risk management rather than for speculating on the
market. Hedge accounting and accounting for derivatives, like
derivatives themselves, can seem complicated at first, but knowing the
basics can be important to discovering how corporate businesses and
financial institutions manage risk.

It is important to start with the negatives of unionization in the airline industry before speaking of its virtues. The decline of labor unions in the United States and North American countries has made the airline union appear like it is fighting a losing battle with public opinion. As well, the benefits of comradery amongst union members have been weakened by increasing competition for jobs in the airline industry. While the union advocates hard for workers and businesses have obliged in the past, many airline executives would rather concede optional health care plans and other benefits than give up the big paydays that unions often push for. Finally, the aforementioned problem of strikes among airline unions can often make flight professionals look selfish and unsympathetic.

However, the public should realize that unions have helped keep flights in the air for years by averting greater labor strife. Indeed, the airline unions are one of the last places in the American labor landscape where successful negotiations are still a common occurrence. Airline professional unions offer flight crews, pilots, and attendants an opportunity to develop relationships with colleagues in other companies while working toward competitive salaries. As well, companies and the public should look at how the union’s bargaining power not only benefits flight professionals but the overall business.

Unions are able to negotiate group health benefits for their members, which helps the company save on providing more expensive health options. The union-business relationship is not one sided and while unions push for higher wages, the compromise wages that are established in negotiations help keep experienced professionals in the industry. The unionization of airline workers benefits everyone involved but flight professionals need to be aware of these different pros and cons to gain a fuller picture.

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What would you consider to be the two greatest gifts in history? Do mythological gifts count? Do real gifts count? In terms of real gifts, there are two that come first.

Statue of Liberty

As far as gifts go, this may be the biggest in history. To mark the 100th anniversary of the Declaration of Independence, the French presented this statue to the United States as a gift of friendship. The Americans built the base for the statue, while the statue itself was constructed by the French under the guidance of Frederic Bartholdi.

The trojan Horse

Some gifts seem like gifts, but are in fact, traps. That was the case during the Trojan War when the Greeks built a horse and filled it with Greek warriors before putting it in front of the gates. It was customary in ancient times for a defeated general to surrender his horse, so the symbolic gift of the horse seemed to trojans to be a notice of surrender from the Greeks. The trap worked and the Trojans were defeated because of one of the most cunning military ploys in history.

In terms of mythological or fictional gifts, you can’t beat these two:

Fire

According to Greek mythology, we can thank one god for the gift of fire – Prometheus. Prometheus, who also gave humanity writing, mathematics, agriculture, and medicine, stole fire from Zeus and gave it to humanity. For his betrayal of Zeus, Prometheus was chained to a rock where an eagle came every day to rip out his liver, which grew back every time.

The Gift of the Magi

In this book written in 1906, Jim and Della Dillingham Young are a couple in love, but who can barely afford their apartment. For Christmas, Della buys Jim a chain for his prized pocket watch given to him by his father. She pays for it by cutting off her long hair and selling it to make a wig. Unknown to her, Jim sells his pocket watch to buy her a beautiful set of combs so she can comb her long hair.

The moral in that story, written by William Porter, is that sometimes material possessions are not the greatest gift you can get, and sometimes unselfish love is the greatest of all gifts.