Tuesday, March 29, 2011
Monday, March 28, 2011
Sunday, March 27, 2011
Thursday, March 24, 2011
So much of our global economy is based on speculation that it can reach record lows and highs based on the thoughts and fears of a select few investors. In this case, though, those fears have played out to be a reality, and the world will suffer because of it. Just this one event has proven to be cataclysmic worldwide. The infrastructure of one of the world's biggest economic players is temporarily destroyed, and it will take a very long time to grow. We saw this happen on a smaller scale with the BP oil spill. The Gulf Coast's economy, which largely depended on the fishing industries that were paralyzed by the incident, took a massive blow as it was unable to export the goods that made it thrive. Tourists no longer wanted to visit the region, resulting in an economic arrest that the residents had to claw their way out of. There's a lesson to be learned here: Expect the unexpected.
Wednesday, March 23, 2011
Organization like Fannie Mae and Freddie Mac have costs the taxpayers over $134 billion. Congress and the US Treasury want to put them down quickly, but economists worry about what will happen to the 30-year fixed-rate mortgages which has been the dominant means of financing home in the U.S.
“In testimony before Congress this week, Treasury Secretary Timothy Geithner said that lowering the government’s involvement in the mortgage markets would almost certainly restrict the supply of 30-year fixed-rate mortgages, while increasing their costs. But it’s no sure thing that the mortgages will even continue to exist in the way most Americans know them.”
The difference between a 15- and 30-year mortgage on a $300,000 loan is well over $600 per month. This is a substantial amount that may prevent the middle class from buying homes. This may also threaten the economic health of cities.
Larger cities have enjoyed new growth since the start of the 30 year mortgage because young professionals are buying houses there along with families that previously had moved out to the suburbs. They eat and drink in local restaurants, and keep small businesses on the neighborhood level going. But these same homebuyers may have a hard time making house payments with a 15-year mortgage. These middle class buyers may move out to the suburbs where they can buy a home. Cities become neighborhoods full of the working poor that can’t afford to buy a home.
Tuesday, March 22, 2011
Sunday, March 20, 2011
Thursday, March 10, 2011
The NFL is the most successful sports league in the U.S., and its games gain the most attendance of any sporting event in the world. February's Super Bowl was the most watched television program in history. Yet the league still feels the need to extend its season from 16 games to 18, obviously for increased revenue. This comes as a shock to many as the NFL has been so wary of its players' health and safety of late. But people tend to sympathize with their favorite players, failing to remember that the game is, unfortunately, little more than a business to some. If the two sides can't come to some sort of agreement on these subjects, then they will both suffer as fans lose faith in the game and patience for bickering between billionaires.
Wednesday, March 9, 2011
The producers of Cyrus' film, were brought in with an across-the-board tax credit of 20% in 2009. Lawmakers in
“The council recommended ditching the film tax break, which meant $140.6 million in lost tax revenues last year. Film producers spent $617 million in
But not everybody is cutting back. A few states eager for jobs and spending are offering more money to lure
Tuesday, March 8, 2011
Sunday, March 6, 2011
Friday, March 4, 2011
When the iPad was released in April of 2010, many saw it as an underpowered laptop, even a "giant iTouch." Its potential uses were overlooked by some. But Apple sold three million of the devices in 80 days, and both consumers and businesses began to explore the possibilities of the innovative product. It wasn't until the release of the iPad 2 yesterday, though, that Apple included a camera. This is a feature that many thought should have been a staple of the original, while others view it as an unnecessary add-on mainly due to the size of the device. The new camera(s) will undoubtedly receive a warm welcome from consumers looking for a quick way to capture the events of everyday life and from those looking to "FaceTime" with friends and family. But Fast Company discusses how businesses will be able to utilize the camera in conjunction with its other features to better themselves. They see benefits for everyone from interior designers to casino pit bosses. People will save time by being able to take a picture and do what they want with it straight from the original device, skipping several steps in between, and then have the ability to use the iPad in the manner that they did before the introduction of the camera.
Apple has continued to sell products like these because they pay attention to customer demand. Consumers asked for new features on the iPad like the camera (among other things), and Apple listened. Many people who lacked a reason to buy an iPad now have one, and those who have used the original product will more than likely pony up the cash for the better one.
Thursday, March 3, 2011
The turmoil going on in the
Bernanke said the increases so far "while a problem for many people, don't pose a significant risk to the recovery or to overall inflation." I think that this is assuming though that this is a temporary rise in oil prices. I am sure he believes that a prolonged rise in oil prices would be a threat to our economy.
Right now I think oil tankers believe that it's probably not a good idea to go into port in Libya. It is risky because if things don’t improve all exports could be shut off. The process of shipping could become very difficult. All this would increase the price of oil even more.
Tuesday, March 1, 2011
In an article released by CNN, Charlie Sheen was interviewed and stated that he was "on a quest to claim absolute victory.” As we all know, Sheen has been all over the news for the past couple weeks. His problems began many years ago but we all tend to mainly focus on the past month. We've all heard the accusations of sheen partaking in crack binges. But Sheen still claims that he never was an addict and simply lives life to the fullest. Even after all of his problems, he still felt that he had the right to ask CBS for a raise from his hit show Two and a Half Men. Although this may seem completely ridiculous at the moment, the demand for Charlie Sheen is higher than ever. CBS must be making incredible amounts of money off of Sheen considering they've agreed to increase his pay by one million dollars per episode. The fact of the matter is, Charlie Sheen's negative publicity over the years has only benefited him positively. Although we do feel sorry for the guy, we still have a serious demand to see him on TV.