Blog Post Makeup

Greetings, this post should have been a couple weeks ago, but better late than never. A couple weeks ago in economics/personal finance I saw an article on Google setting aside over $30 billion for foreign deals and spending sprees to catch up with the latest foreign tech, and hope fully make it popular to create the "next big thing". Google specifically intends to spend most of its money in Britain, telling the American people that it needs to keep disposable funds over seas to help expand its business into new areas.

By Katherine Rushton

7:54PM BST 21 May 2014

“We continue to expect substantial use of our offshore earnings for acquisitions as our global business has expanded into other product offerings like mobile devices,” it wrote. “It is reasonable to forecast that Google needs between $20bn to $30bn of foreign earnings to fund potential acquisitions of foreign targets and foreign technology rights from US targets in 2013 and beyond.”

Google is expected to spend a large chunk of that cash pile in Britain, which is one of the biggest global centres for technology start-ups outside America.

I figured this would have a lot to do with business growth and expansion, something we have been taught much of, like money managing, and investment to help grow our bank account. And it also works on the moral of our class, that "your money should work for you". All the money Google has set aside for investment, has the potential to create new businesses and hopefully make more money than they spend long-term.

http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/digital-media/10847802/Google-earmarks-30bn-for-overseas-deals.html

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Greetings fellow earthlings, I am typing in this online blog to discuss with you the events that have taken place over the last week. The main things we have done have been discussing banking and personal finance. This includes watching videos on the federal reserve, personal financing, and we have also kept up with the everfi modules (credit). Its been good learning how to handle our own money, how to save it, how to use it, etc.
Also learning the functions and services of banks has been good, learning how to use them to our advantage.

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This week in economics we started the second half of our second semester, Personal Finance. Over the next five weeks we will be discussing and practicing how to manage our personal funds. We have already played a game over spring break, that served as two learning modules, and  a three part game that simulated the business transactions and other things that a high school student, a college student, or a post-grad student, would encounter. We also started a new set of notes that have to do with Money and banking. So far we have taken notes on the functions and characteristics of money, as well as the federal reserve, what they do, and their chairman (Janet Yell-men).

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This week in economics was pretty interesting, we learned about a bunch of new stuff in the topic on business structures. We have also continued playing the stock market simulation, where we can buy, sell, and trade stocks without spending and losing real money. The game allows you to surf a copy of the actual stock market and interact with it. We were given 100,000 each to spend as we thought was fit, and give us the opportunity to make a lot of money, although most of us were losing money by the end of class.

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This week in economics we covered many new concepts of competition, we also covered business structures, we also got to watch a movie that went into the major corporation of Pepsico. But the major thing we did was start a stock market simulator called Market Watch. It uses fake money to give the player control over simulated stocks that are very similar to the real thing to give the user control over the market.

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Hello again, this week in economics was interesting, with us learning about supply curves, and the flood of Weserville, we even designed off-road 4x4 wheel chairs, but right now I am here to talk to you about. I recently read an article about the further raising of Obama care prices, and all i could think is "after it obviously failed, a long time ago, who is still willing to dump their money in this black hole, and put up with its biggest problem, the fact that it exists?" I kind of like how the website that people are to trust their healthcare for the rest of their lives with doesn't even work, but the ones that take donations for the support of the program work just fine. In economics/personal finance we are taught how to handle money, the laws of money, and how to use our money wisely, I haven't seen America do that in a while. I think this has everything to do with the subject of our class, and I think it is a good example of what not to do. Maybe, also make it harder for people to abuse, people capable of working, living completely off our tax dollars.

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Very recently i saw an article on the internet about how President Obama, very discretely, was trying to get the law changed to so that he may have a third term. This, for me personally, is a nightmare, not just that he would even try something like that, but the fact that he really believes that he is the best thing for America, and that him being in office for a total of 12 years, would actually help all the damage he has done. He would have four more years of major spending and pooling our wealth into other countries, wasting the tax payers money on welfare and trying to support Obama care, which was a miserable failure, and putting more American's out of jobs, and in deep debt. Its about time he started thinking about the greater good, instead of trying to fund his stupid fantasies.
This week in economics we finished our campaign ads which included a tv commercial, radio ad, and a newspaper article. We all presented our ad campaigns to the class, then the town hall committee voted on which ads to take from each group. Overall it was very successful, with all the very well done ads from everyone, we should have no problem getting the word out about our wonderful town of Weserville.
We also started to cover a new topic, the other side of Demand, and that is supply. Supply is the willingness and ability of producers to offer goods and services for sale. And there is one major law of supply, just like the Law of Demand. Producers are willing to sell more of a good or service at a higher price than they are at a lower price, and price and supply have a direct relationship. Just like Demand, supply has schedule's and curves, for both individuals and markets.

This week in our beloved town of Weserville

This week in Weserville we went over demand, the law of demand, and we also went over the variety of charts that can express demand curves and demand schedules. Along with learning about demand, we also learned about the causes of the fluctuation of demand, including income effects, and substitution effects. And therefore the effects of a change in demand, and a change in quantity demanded. Therefore there are 6 things that effect demand itself consumer income, consumer tastes, consumer expectations, market size, substitute goods, and complementary goods. And most importantly about normal and inferior goods. Normal goods are goods that consumers demand more of when income increases. And inferior goods are goods that consumers demand less of when income increases. These are important, because inferior goods will always be needed, and inferior goods are the ones people won't need to buy anymore, or will not want to buy when they get more money, because they can afford better things.

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Sam Wojcik
Mrs. Weser
Economics
2/27/14
I abide by the honor code__SW__.


In Economics this week, we explored a number of new topics. We discussed public transfer payments, and went over government social spending programs. We went over the government's fiscal policy and budget, and how they get all the money they spend, and spend all the money they have (and then some), with taxes. Taxes that can come from businesses, citizens, taxes on sales, and taxes on people's property. These are known as the four tax bases, there are many more ways the government gets its revenue. The two choices the government has to spend money on is mandatory spending, and discretionary spending. The government is required by law to finance mandatory spending, that's all the stuff that is necessary for infrastructure. Discretionary spending is all the stuff that the government doesn't have to spend money on but it is deemed important, like interstate highway systems and transportation systems. We played a game in class where we controlled aspects of government spending and it showed us what our decisions had on the economy by 2035. Most people were able to lower the national debt 4 trillion dollars in only a few years. (Really a few minutes) Just by cutting foreign aid, welfare that people abuse, and other completely unnecessary spending we were able to diminish the national debt significantly with positive effects. If President Obama really cares about this country, why doesn't stop his mission "The Lost Cause", and do whats really necessary for the good of the country?

This week in Economics, we covered the new topics of characteristics of public goods, market failures, free riders, and subsidy.  We even had a waffle party and a movie, but the main thing we focused  on was the decision on whether or not to let Walmart into Weserville, which in the end, was approved, despite violent protests and many scathing letters sent to the public officials. Those opposing the decision to let Walmart into Weserville made many good arguments, ad so did those who welcomed Walmart. Those opposing argued that it was ridiculous to pay to accommodate Wal-mart's outrageous demands when there could be a Wal-mart 10 miles away and not on Weserville's dollar. Personally, I was completely against Walmart coming to Weserville, mostly because of the ridiculous demands Walmart was making, when we really don't even want or need Walmart that much. And no matter how much we had against Walmart, our officials still let Walmart come to town, kind of says something about our government representative system.

This week in Economics was busy,  we covered a new concept of the US Free Enterprise system, Profit incentives, which is pretty much any factor (financial or non-financial) that enables or motivates a particular course of action. And due to some technological errors, we got to watch a documentary on the history and growth of McDonald's, which was very interesting and covered the economic side to its success. But probably the biggest thing we did was go into detail about the circular flow model, which is a diagram that shows the process of goods, services, and exchange of money through businesses and individuals. We then applied this to our own little town of Weserville. We got into groups and proposed business ideas to the class about what we think this town needs to gain economic success, we haven't chosen a course of action yet, but it the end 3 proposed businesses will be approved to start up in our town. My groups opinion was that we should go big, and rent out warehouses to big businesses to make their product, with our town as a labor force. We thought this would be a great idea because it is completely realistic, and would solve many of the people's problems. It would create jobs, the jobs don't require a lot of experience, and little training would be needed. Actually practicing will all these concepts that are being thrown our way is probably the best way to learn them, learn it by doing it. Anyway, further updates will be provided in the future, enjoy the rest of the week.

U.S Economy Gearing Up
http://online.wsj.com/news/articles/SB10001424052702304428004579352472437635350

Written by Neil Shah and Sarah Portlock, Jan. 30, 2014, The Wall Street Journal, titled "U.S Economy Shows Signs of Gearing Up". The article states the idea that businesses and consumers are doing everything they can to do their part to boost the economy and helped end 2013 with hope of redemption, but recovery still remains lower than ever before due to government spending and inactivity. Very recently, polls, statistics, and studies have been showing proof of President Obama's further damage to the U.S economy, with loss of jobs, further debt, and failing health care.  Personally, I think Obama is to blame, U.S debt went up trillions of dollars after his first term, and even more after that. No other president in history even came a little close to these numbers even the ones directly before him. Plus, he is to blame for the problems of most Americans, and seems to not be a part of any solutions, except for those that promote a socialist government for the U.S. His part in the economy has cost the jobs of millions of Americans, the loss/decline of health care for millions, and general unhappiness for pretty much every one. The artical describes that people are doing, their part and because of that they are growing optimistic, and they have reason to, but without the rational acting of government spending and further introduction of problems, whatever the people do will be useless unless its firing officials.

Today is the fourth of January, in this fine new year of 2014, meaning humans have been recording history/events/time for 2,014 years. How long would it have been before you or one of your buddies said, "hey, do you think we should probably write this stuff down? You think it might be important to future societies to understand how we lived and survived?", "No..."
Makes you think doesn't it.