Supply and Demand
People go wild for a pair of Nike Air Jordan Retro 11s.
People will go to far when their is a limited source of something with such a high demand.
Jordan brand only release small quantities to each store causes mayhem.
L.A
Monday, January 10, 2011
Cool Grey Jordan Madness at Deerbrook Mall in Humble, TX
Cool Grey Jordan Madness at Deerbrook Mall in Humble, TX
Supply and Demand
People go wild for a pair of Nike Air Jordan Retro 11s.
People will go to far when their is a limited source of something with such a high demand.
Jordan brand only release small quantities to each store causes mayhem.
L.A
Supply and Demand
People go wild for a pair of Nike Air Jordan Retro 11s.
People will go to far when their is a limited source of something with such a high demand.
Jordan brand only release small quantities to each store causes mayhem.
L.A
Forbes: Americas best and worst jobs
Forbes: Americas best and worst jobs
construction and real estate are doing the worst
tourism and manufacturing have been doing the best
L.A
construction and real estate are doing the worst
tourism and manufacturing have been doing the best
L.A
6 ways Obama has touched your wallet
6 ways Obama has touched your wallet
Higher credit card rates, lower income taxes, lower social security taxes, higher health insurance premiums, easier student loans, fewer jobs lost
L.A
Higher credit card rates, lower income taxes, lower social security taxes, higher health insurance premiums, easier student loans, fewer jobs lost
L.A
Capitalism
Capitalism has improved the lives of billions of people — something that's easy to forget at a time of great economic uncertainty. But it has left out billions more. They have great needs, but they can't express those needs in ways that matter to markets. So they are stuck in poverty, suffer from preventable diseases and never have a chance to make the most of their lives. Governments and nonprofit groups have an irreplaceable role in helping them, but it will take too long if they try to do it alone. It is mainly corporations that have the skills to make technological innovations work for the poor. To make the most of those skills, we need a more creative capitalism: an attempt to stretch the reach of market forces so that more companies can benefit from doing work that makes more people better off. We need new ways to bring far more people into the system — capitalism — that has done so much good in the world.
This article is explaining how capitalism has effected people in good ways and bad ways, They don't want any one to be left out because of capitalism. they are trying to think of knew ways to help pepole out. -K.J. #23
There's much still to be done, but the good news is that creative capitalism is already with us. Some corporations have identified brand-new markets among the poor for life-changing technologies like cell phones. Others — sometimes with a nudge from activists — have seen how they can do good and do well at the same time. To take a real-world example, a few years ago I was sitting in a bar with Bono, and frankly, I thought he was a little nuts. It was late, we'd had a few drinks, and Bono was all fired up over a scheme to get companies to help tackle global poverty and disease. He kept dialing the private numbers of top executives and thrusting his cell phone at me to hear their sleepy yet enthusiastic replies. As crazy as it seemed that night, Bono's persistence soon gave birth to the (RED) campaign. Today companies like Gap, Hallmark and Dell sell (RED)-branded products and donate a portion of their profits to fight AIDS. (Microsoft recently signed up too.) It's a great thing: the companies make a difference while adding to their bottom line, consumers get to show their support for a good cause, and — most important — lives are saved. In the past year and a half, (RED) has generated $100 million for the Global Fund to Fight AIDS, Tuberculosis and Malaria, helping put nearly 80,000 people in poor countries on lifesaving drugs and helping more than 1.6 million get tested for HIV. That's creative capitalism at work.
Creative capitalism isn't some big new economic theory. And it isn't a knock on capitalism itself. It is a way to answer a vital question: How can we most effectively spread the benefits of capitalism and the huge improvements in quality of life it can provide to people who have been left out?This article is explaining how capitalism has effected people in good ways and bad ways, They don't want any one to be left out because of capitalism. they are trying to think of knew ways to help pepole out. -K.J. #23
inflation
The artical and graph are explaning how the gas price have changed over the year and how they are trying to adjust inflation of gas prices.
GDP
Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- increased at an annual rate of 2.6 percent in the third quarter of 2010, (that
is, from the second quarter to the third quarter), according to the "third" estimate released by the Bureau
of Economic Analysis. In the second quarter, real GDP increased 1.7 percent.
That's is good that the out put of goods and services increased in the third quarter. K.J. #23
located in the United States -- increased at an annual rate of 2.6 percent in the third quarter of 2010, (that
is, from the second quarter to the third quarter), according to the "third" estimate released by the Bureau
of Economic Analysis. In the second quarter, real GDP increased 1.7 percent.
That's is good that the out put of goods and services increased in the third quarter. K.J. #23
Unemployment rate dropped
The unemployment rate dropped sharply to 9.4 percent last month its lowest level in more than a year and a half as tens of thousands of people found new jobs, but many others quit looking for work. The Labor Department reported that employers added a hundred three thousand jobs in December, with an an addition of hundred and thirteen thousand jobs from private employers but a drop of ten thousand government positions. That was far fewer than the 150,000 new jobs that many economists expected and the roughly One hundred and twenty five thousand needed to account for people entering the labor pool. It also fell significantly short of a report from private payroll processing company ADP predicting nearly three times as many new jobs.
The unemployment rate basically dropped because of people found new jobs and also people stop looking for jobs. When people start looking for jobs they don't effect the unemployed. K.J.#23
The unemployment rate basically dropped because of people found new jobs and also people stop looking for jobs. When people start looking for jobs they don't effect the unemployed. K.J.#23
Scarcity
In this cartoon it represents a shortage amount of food. Where one person gets all the food and the other guy gets almost nothing at all. What scarcity means is insufficient of amount or supply; shortage. -MC #30
Opportunity Cost
2010 Car Inventory - An Opportunity Cost of Cash For Clunkers?
By Katie George
Cash for Clunkers, the extremely popular rebate program signed into action by President Obama on June 24, 2009, ended earlier than expected on August 24, 2009 at 8p.m. This was also referred to as CARS - Car Allowance Rebate System. The plan behind this program was to improve both our economy and environment. It was intended to persuade owners of clunkers to trade them in for a $3,500-4,500 rebate towards a new, more fuel efficient vehicle. The clunkers were divided into categories based on their weight and MPG. The hope was the economy would benefit from the purchases and jobs kept, as would the environment with vehicles that had better fuel economy on the road.
http://ezinearticles.com/?2010-Car-Inventory---An-Opportunity-Cost-of-Cash-For-Clunkers?&id=3540347
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This article is all about the opportunity cost of trading in your car for money in return. To trade in the car you could get anywhere up to $3,500-$4,500. The opportunity cost for trading in your car would be instant money, money for a new car, and extra money to have. -MC #30
Capitalism
Can American Capitalism Survive?
By Robert Samuelson"Can capitalism survive? No. I do not think it can."
-- Joseph Schumpeter, 1942
WASHINGTON -- The story of American capitalism is, among other things, a love-hate relationship. We go through cycles of self-congratulation, revulsion and revision. Just when the latest onset of revulsion and revision began is unclear. Was it when Lehman Brothers collapsed? Or when General Motors pleaded for federal subsidies? Or now, when AIG's bonuses stir outrage? No matter. Capitalism is under siege, its future unclear.
WASHINGTON -- The story of American capitalism is, among other things, a love-hate relationship. We go through cycles of self-congratulation, revulsion and revision. Just when the latest onset of revulsion and revision began is unclear. Was it when Lehman Brothers collapsed? Or when General Motors pleaded for federal subsidies? Or now, when AIG's bonuses stir outrage? No matter. Capitalism is under siege, its future unclear.
Schumpeter, one of the 20th century's eminent economists, believed that capitalism sowed the seeds of its own destruction. Its chief virtue was long-term -- the capacity to increase wealth and living standards. But short-term politics would fixate on its flaws -- instability, unemployment, inequality. Capitalist prosperity also created an oppositional class of "intellectuals" who would nurture popular discontents and disparage values (self-enrichment, risk-taking) necessary for economic success.
http://www.realclearpolitics.com/articles/2009/03/american_capitalism_besieged.html
http://www.realclearpolitics.com/articles/2009/03/american_capitalism_besieged.html
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What this article is asking is can America survive capitalism because what capitalism is when individuals try to only take care for themselves. And I think that can and will hurt our resources because unlike socialism its not looking out for the needs of everyone. -MC #30
Supply and Demand
GDP
People think that since we just went through a recession and that its almost over, that the economy will go back to what it was in a short period and it won’t because as history has shown us it does take time and doesn’t always get back to where it originally started. The problem is the debt and we have accumulated the most debt ever over the years. There are a lot of contributing factors to what contributed to our debt pile. Some issues have to do with the housing, unemployment, losing jobs to overseas, and the decline to the dollar. If we don’t solve this problem or at least find a way to slow it down its just going to hurt our nation for many years to come. -MC #30
How thieves can steal your idenity
You don't just have to worry about bad guys stealing your mail or hacking into your bank accounts. Your computer, your phone and even your Facebook account can provide identity thieves the entrée they need to mess with your financial life.
Ways to protect yourself:
Ways to protect yourself:
- Set everything to Friends Only
- Don't include your phone number
- Don't use the same password for social media, e-mail and financial accounts
Rolls-Royce supply and demand
The rich got rolling last year, pushing Rolls-Royce Motor Cars to its highest sales figures since BMW took over the company seven years ago.
Pepole want more cars so the supply goes up. -K.J.#23
Pepole want more cars so the supply goes up. -K.J.#23
Unemployment 9.4% for December 2010
Unemployment 9.4% for December 2010
The December 2010 monthly unemployment figures are out. The unemployment rate decreased to 9.4% and the total jobs gained were 103,000, with 15,900 of those jobs being temporary. Total private jobs came in at +113,000, in stark contrast to the 297,000 ADP reported for December.
LA #14
LA #14
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