Cyprus

Today I read an article on the issue of Cyprus and the European Union. On Monday the European Union leaders decided to prevent the collapse of the Cyprus banking system by bailing them out to keep them in the Euro Zone and help rebuild its economy. The deal was decided by the finance ministers of the euro zone. The 17 nations that use the currency. This will drastically "prune" the over sized banking sector of Cyprus. The sector is bloated by billions of dollars from Russia and in the former Soviet Union. The deal would remove the idea of putting a tax on bank deposits. The head of the finance ministers Jeroen Dijsselbolem of the Netherlands said that the deal could go into effect very soon and without a new vote by the Cypriot Parliament who had recently rejected a financial deal within the last week. On Friday a bill was passed by legislation that would set the frame for the new deal.

Cambodia

This week in Economics we started watching a documentary. The documentary is called "Small Voices" and is about Cambodian street children. This documentary is about homeless children who have to work and beg on the streets to survive. These children have no choices like we do here in the United States. Here we have free public schooling, where these children live their public schooling is also free but since the teachers are so poor the students must pay the teachers 50 cents per class. If the student does not pay the 50 cents then he or she will not get any grades or proof that they had attended school. The children here wish that they could go to school and try to turn their lives around unlike the children here in the U.S. that gripe and complain constantly about going to school. The worst part of the matter is what the children have to fear, kidnappers. The street children are often kidnapped and forced into the underground sex slavery ring. We have not finished watching the movie but it is very sad and I am very grateful for the things I am allowed to do and the things I have.

March Madness

Today in economics class we covered the factors of inflation and poverty. First off, inflation is the general increase in prices of all goods. With inflation there are three different ways to cause inflation. The first theory and the most simple theory is known as The Quantity Theory. The Quantity Theory of inflation is when a country puts too much money into their economy, this lowers the value of that money and could cause prices to increase. The next theory is the Cost-Push Theory. The Cost-Push Theory states that inflation occurs when producers raise prices to meet increased costs. The final theory is The Demand-Pull Theory. The Demand-Pull Theory states that inflation occurs when demand for goods and services exceeds existing supplies. We also learned about the factors that cause the difference between rich and poor in society. These factors include talents. inheritances, luck, skills, and differences in demand. If a person can rap and appeal to a large crowd he could be signed by a record deal and make millions, if a person can lift heavy objects but has little education and no talents he won't be as successful in getting jobs.

Flammable Ice

Today in Economics class I researched a new form of gas found in Japan. On Tuesday Japan had taken gas offshore deposits of methane hydrate, also known as flammable Gas.This breakthrough has made officials and experts say that methane hydrate could be a huge step toward tapping into a new and very promising but still little understood source of energy. This new discovery could be a huge economic aid for to Japan, which is the largest importer of liquefied natural gas. Japan has also been having controversy on whether to continue their heavy reliance on nuclear energy. Even though this new form of gas could be a huge aid, it could be very harmful towards the environment. Scientists have identified that the amount of carbon in these gas hydrates is double the amount of carbon in all other fossil fuels. Looks like Japan has some testing to do before they take their next step into this new field of energy.

The day of Today

Today was a weird day, my head has been a in weird place because of my job interview today at four. The odd thing was that the day of my job interview we began talking about wages and the labor supply of the United States.  We also talked about the definitions of Employed and Unemployed. A unemployed person is considered unemployed when they do not have a job and are at least 16 years of age. They must also be available to work and actively looked for work in the prior four weeks. From this information I have learned that I count as one of the unemployed. I also learned that there are four different types of unemployment. The four types of unemployment are Frictional unemployment, Structural unemployment, Seasonal unemployment and finally Cyclical unemployment. Today I also checked my Investopedia account and my stocks are still doing horrible, I'm positive that I will now never become a stock broker in the future. 

class today

Once again we were in the computer lab with a substitute. It was an easy class and there wasn't exactly much to do like usual. I started the class by working on my investopedia account. Most of my stocks were doing very well today except for a few bad apples. I sold my last eight stocks of my KORS investment and made about $500 dollars. Then I went on the New York Times website to work on my second article summary. The article was about how the European Union is imposing to fine Microsoft. They are planning on fining Microsoft for failure to fix an error that they had made back in 2009. The mistake was that the Microsoft software did not offer a choice of competing web browsers. Microsoft declined to comment on the situation, recently stating that the mistake was a very regrettable mistake. That is what I did today in Economics.

the 4th

Today we had Mr.Anthony substituting for Mr.Stephens in class. We just went to room 251 and had a lab day. Today I worked on my first article summary. It was about a nominee for the Bank of Japan Governor. He is promising to fight the serious deflation that Japan has been dealing with for the past almost 15 years. From that article I also learned that Japan has the third largest economy in the world behind China's economy and The United State's economy. Due to the deflation problems in Japan Corporations profits have been shrinking more and more each year and is damaging the economy of Japan. This is what I did today in Economy class.