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

Blog Post

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.

Blog Post

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).