BAIL OUT FAILED. Wall street was amazed. Stock market went down 770.59.
Said the bill could have shut down the mortgage meltdown.
Voters were angered by the 700 Billion dollar bail out.
Scheduled to get back together on thursday.
WAKOVIA is NOT a failing bank.
Hugo wants to develop nuclear energy, and Vladamer agreed to help. Theyare starting to become much thicker allies.
Pirates hijacked Ukranian ship, and are asking 20 million dollars to give it back.
Due to the hurricanes, but there isn't any gas. The government is asknig for the people to be patient.
Tuesday, September 30, 2008
Monday, September 29, 2008
Anxiety Spreads
1. Marsha Asbury had to raise the price of her bagels because all of the ingredients she uses in them have increased 25%-35% in the past year. Then again a few weeks ago her suppliers had ANOTHER price increase, which brought the bagels to a whopping $1.14
2. The reason the housing costs have gone up 18% is because there are a large amount of workers from out of state that are working in the oil fields, so they need housing. There are so many people looking for housing that the vacancies are rare, and demand is high.
3. A consumer price index is the total price amount of products that are used by a consumer. If there is less product, but the same amount of money is being spent, this is a sign of inflation. Core inflation includes everything that raises in price except food products and energy. I definetly think that the consumer price index is the best way to keep track of the inflation rates. Mostly because if food is extremely high in our country, our inflation rate might be extremely low on other things, but i'd say food is a little more important. Right now the US is using the core inflation method, which I think isn't very smart.
Monday, September 22, 2008
Great Depression
1. There were quite a few factors that led to the actual depression. Some seemed like they would be less influential then others, but could still be considered very large factors. One of the less looked at factors is the season's condition. During the late twenties, there was a large amount of drought. Farmers and ranchers weren't making the money they usually did in order to pay for their houses, loans, mortgages and etc. Businesses in the U.S. began failing, so the government created a tax that would protect these businesses. They charged extremely high import taxes, which in turn led countries to raise their import taxes, making it difficult and expensive to trade. Banks were failing across the nation due to faulty loans... and the banks that hadn't yet closed were afraid to give out loans due to the economic situtation. Then on Black Tuesday, the stock market crashed, which is said to be the "straw that broke the camel's back." With the many banks failing, and the large stock market crash, people were afraid to purchase items. With no buying going on, there wasn't a large amount of cash flow to keep the economy strong.
http://americanhistory.about.com/od/greatdepression/tp/greatdepression.htm
2. During the depression, many areas of the economy were hit pretty hard. Banks and factories were shut down, leaving many people jobless and unable to support their family's basic needs. They had to rely mostly on government in order to get food. Unemployment rates were the highest they had ever been previously, a rate of over 25%. People from other countries brought different rulers in to power in order to deal with the hardships. In Germany, Hitler was gaining a lot of power, people thought he would be able to run the country more profieciently. The Japanese people invaded China in order to develop industries and mines that they thought would help end the depression. Instead the Japanese and German action helped lead to World War II.
http://www.42explore2.com/depresn.htm
3. Hoover was the President when the Great Depression began. Many people believed he wasn't doing alot to save the economy, because the effects seem to worsen every month. Soon, Franklin D. Roosevelt was elected. He had many ideas to pull the economy out of it's slump, and proposed the "New Deal." The new deal gave the government more power, and offered new jobs in different areas. The final thing that pulled us out of the Depression was World War II. With the production and distribution of ammunition and other war supplies, there was a good, solid amount of cash flow through the economy.
http://www.42explore2.com/depresn.htm
http://americanhistory.about.com/od/greatdepression/tp/greatdepression.htm
2. During the depression, many areas of the economy were hit pretty hard. Banks and factories were shut down, leaving many people jobless and unable to support their family's basic needs. They had to rely mostly on government in order to get food. Unemployment rates were the highest they had ever been previously, a rate of over 25%. People from other countries brought different rulers in to power in order to deal with the hardships. In Germany, Hitler was gaining a lot of power, people thought he would be able to run the country more profieciently. The Japanese people invaded China in order to develop industries and mines that they thought would help end the depression. Instead the Japanese and German action helped lead to World War II.
http://www.42explore2.com/depresn.htm
3. Hoover was the President when the Great Depression began. Many people believed he wasn't doing alot to save the economy, because the effects seem to worsen every month. Soon, Franklin D. Roosevelt was elected. He had many ideas to pull the economy out of it's slump, and proposed the "New Deal." The new deal gave the government more power, and offered new jobs in different areas. The final thing that pulled us out of the Depression was World War II. With the production and distribution of ammunition and other war supplies, there was a good, solid amount of cash flow through the economy.
http://www.42explore2.com/depresn.htm
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