Tuesday, February 24, 2009
Monday, February 23, 2009
Tuesday, February 10, 2009
The Two Languages of Academic Freedom
As mentioned today in 8th period. Here is the article regarding "Academic Freedom"
Wednesday, February 4, 2009
Executive Pay Guidelines
New Executive Pay restrictions
Can anyone think of some potential unintended consequences of this legislation? Is this a good thing or bad?
Can anyone think of some potential unintended consequences of this legislation? Is this a good thing or bad?
Numb and number: Is trillion the new billion?
http://www.cnn.com/2009/LIVING/02/04/trillion.dollars/index.html
Almost every morning on the news we hear about the billions and trillion of dollars being debated in the economic stimulus packages the government wants to erect to help restart our country. I think we have all become to familiar with the term trillion and it has lost its true value. This article puts into perspective what a trillion dollars really is. This bailout s approaching 1/14 of our country's annual GDP of 14 trillion. How will we ever be able to pay back all of the debt we are accumulating. I am not saying this bailout is not needed but we need to find a way to help our nation out for the future instead of accumulating massive debts we will not be ale to pay off in the foreseeable future. As our citizens become to familiar with the term trillion and it is adopted as the new billion, one must think what is next could a quadrillion dollar bailout not be to far off?
Almost every morning on the news we hear about the billions and trillion of dollars being debated in the economic stimulus packages the government wants to erect to help restart our country. I think we have all become to familiar with the term trillion and it has lost its true value. This article puts into perspective what a trillion dollars really is. This bailout s approaching 1/14 of our country's annual GDP of 14 trillion. How will we ever be able to pay back all of the debt we are accumulating. I am not saying this bailout is not needed but we need to find a way to help our nation out for the future instead of accumulating massive debts we will not be ale to pay off in the foreseeable future. As our citizens become to familiar with the term trillion and it is adopted as the new billion, one must think what is next could a quadrillion dollar bailout not be to far off?
Tuesday, February 3, 2009
What GOP Leaders deem wasteful in Senate stimulus bill
http://www.cnn.com/2009/POLITICS/02/02/gop.stimulus.worries/index.html
So we have all heard about the proposed senate stimulus bill and i know i have heard talk about all the extra fluff projects added but we never really see a solid list of them. This list shows the projects the GOP finds wasteful. Some i have to agree with but even though they may be projects that may not be necessary they still will provide jobs to people. If they will provide the right jobs is a good question, but they will most definitely provide some sorts of jobs. Even jbs for a linited number of people will help the economy as that consumer will have money to spend and help stimulate the economyas demonstrated by the multiplier effect.
Now is an economic stimilu spakage really the place to score funding for a new homeland security headquaters or to fund a new sewer for Washington D.C. well the GOP doesnt think so. Another item is the funding of salaries of people inthe FBI. Shouldnt the federal goverment have these salaries inluded in their gverment spending budget and not in an economic stimilus package intended to restart the economy. THis package was meant to provide jobs and tax cuts to people who need them most, not to give the goverment agaencies new buiding and fund their salaries. It seems to me the packge has gotten a little off track and the GOP has noticed.
So we have all heard about the proposed senate stimulus bill and i know i have heard talk about all the extra fluff projects added but we never really see a solid list of them. This list shows the projects the GOP finds wasteful. Some i have to agree with but even though they may be projects that may not be necessary they still will provide jobs to people. If they will provide the right jobs is a good question, but they will most definitely provide some sorts of jobs. Even jbs for a linited number of people will help the economy as that consumer will have money to spend and help stimulate the economyas demonstrated by the multiplier effect.
Now is an economic stimilu spakage really the place to score funding for a new homeland security headquaters or to fund a new sewer for Washington D.C. well the GOP doesnt think so. Another item is the funding of salaries of people inthe FBI. Shouldnt the federal goverment have these salaries inluded in their gverment spending budget and not in an economic stimilus package intended to restart the economy. THis package was meant to provide jobs and tax cuts to people who need them most, not to give the goverment agaencies new buiding and fund their salaries. It seems to me the packge has gotten a little off track and the GOP has noticed.
Another half million jobs lost, survey says: Fifth straight month of heavy layoffs should push jobless rate to 7.5%
http://www.marketwatch.com/news/story/Another-half-million-jobs-lost/story.aspx?guid=%7B63760694%2DDDA7%2D4AD9%2D8813%2D56227701CCB0%7D
Another half million jobs were lost last month, and on Friday, the Labor Department will report on January unemployment, which is expected to rise from 7.2% to 7.5%. This article predicts that the statistics and results will parallel the predictions of continuing economic decline. This suggests that layoffs are still on the rise. January will mark the fifth month of heavy layoffs, and this is the first time that jobs have fallen so much for five consecutive months since the Great Depression. Some economists suggest that the heavy job losses may indicate the end of the recession, but others say that the losses will only get worse. It is evident that the economy is continuing to decline, and the US will face the resulting unemployment and economic problems for many more months.
Another half million jobs were lost last month, and on Friday, the Labor Department will report on January unemployment, which is expected to rise from 7.2% to 7.5%. This article predicts that the statistics and results will parallel the predictions of continuing economic decline. This suggests that layoffs are still on the rise. January will mark the fifth month of heavy layoffs, and this is the first time that jobs have fallen so much for five consecutive months since the Great Depression. Some economists suggest that the heavy job losses may indicate the end of the recession, but others say that the losses will only get worse. It is evident that the economy is continuing to decline, and the US will face the resulting unemployment and economic problems for many more months.
South Korean Exports Fall by Record, China Manufacturing Slumps
http://www.bloomberg.com/apps/news?pid=20601087&sid=atYNnu818TbE
It is evident that economies across the globe are having trouble. Falling export demand is hurting economies in Asia and the Pacific. The economic problems of the United States are affecting other countries because Americans are avid consumers, but in these hard economic times Americans are buying less, which has a global impact. Not only is the United States in a recession, but so are Japan and Hong Kong. Factory output is slumping and manufacturing is contracting. For example, manufacturers in China were forced to let workers go, and China's economic growth has slowed as it feels the effects of the global economic slowdown.
It is evident that economies across the globe are having trouble. Falling export demand is hurting economies in Asia and the Pacific. The economic problems of the United States are affecting other countries because Americans are avid consumers, but in these hard economic times Americans are buying less, which has a global impact. Not only is the United States in a recession, but so are Japan and Hong Kong. Factory output is slumping and manufacturing is contracting. For example, manufacturers in China were forced to let workers go, and China's economic growth has slowed as it feels the effects of the global economic slowdown.
How Much will consumers save?
A follow up article to our Martin Feldstein reading. This economist predicts an equilibrium savings rate by consumers will reach 6-10%
Monday, February 2, 2009
How Government Prolonged the Great Depression
Interesting Article that argues FDR's New Deal actually prolonged the Great Depression.
How do the Right and Left Differ?
Harvard Economist Greg Mankiw shares some insights on how the right and left differ even though they start from the same framework.
Car sales: From bad to worse
http://money.cnn.com/2009/02/02/news/companies/auto_sales_outlook/index.htm?postversion=2009020211
This article brings up an interesting perspective about car sales, We talk about the consumer and how they are not buying cars and how this is hurting the big three car companies. But we never think about the rental car companies and their impact on car sales in our country. I for one did not realize car rental agencies buy almost 3 million cars a year. With rental car rentals down so much this year the companies will be purchasing double digit amounts less than normal of cars. These cars usually American made will not be purchased this year. Without these purchases we will be looking at even larger losses than expected which will further hurt our nations already rattled for cash auto industry.
This article brings up an interesting perspective about car sales, We talk about the consumer and how they are not buying cars and how this is hurting the big three car companies. But we never think about the rental car companies and their impact on car sales in our country. I for one did not realize car rental agencies buy almost 3 million cars a year. With rental car rentals down so much this year the companies will be purchasing double digit amounts less than normal of cars. These cars usually American made will not be purchased this year. Without these purchases we will be looking at even larger losses than expected which will further hurt our nations already rattled for cash auto industry.
The Economics State of Play in Washington
This article was submitted to me by Jordan. It has some great links to a variety of perspectives on the proposed stimulus package. Thanks Jordan.
Sunday, February 1, 2009
January ends with grim news on stocks, jobs, shipping
http://globaleconomicanalysis.blogspot.com/2009/01/january-ends-with-grim-news-on-stocks.html
It seems quite apparent that America is not the only country in economic turmoil, nor the only country with citizens dissatisfied with what is being done about the crises. The problems, which may have started in the United States, are starting to have heavy international effects. Decreased trade, decreased spending, and decreased working are becoming more and more common. Other countries, like France and China, are beginning to feel the effects. The necessary solution to fix the economy is no longer just to save America, but to save the entire global economy.
It seems quite apparent that America is not the only country in economic turmoil, nor the only country with citizens dissatisfied with what is being done about the crises. The problems, which may have started in the United States, are starting to have heavy international effects. Decreased trade, decreased spending, and decreased working are becoming more and more common. Other countries, like France and China, are beginning to feel the effects. The necessary solution to fix the economy is no longer just to save America, but to save the entire global economy.
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