Another Reflective Blog :D

So this week we moved out of the economics half of the year into the personal finance part.  This means that we will start to learn more about decisions that us specifically could end up making in the future.  The most interesting thing we covered this week was watching a video about a man who traded a red paper clip and eventually ended up owning a house.  This was a story that one of my friends from another school was describing to me on a long car ride one day so I was pretty excited to hear about it in class today.  We are actually attempting to do what "Kyle" did and trade a paper clip and work up to larger items.  I'm going to make this game more fun and realistic by not trading with anyone else from the class who already knows about the game.  Right now I have a mechanical pencil after two trades.... wish me luck!

Current Event November

One of the biggest storms in history of the world is moving towards the Philippines.  This storm known as Super Typhoon Haiyan will have WINDS OVER 190 MPH! Thousands of people have been relocated to safer places and find shelter on higher grounds.  A storm that hit the Philippines in 2012 that was not nearly as large killed 1900 people.  This storm is surely going to have a major long term effect on the Philippine economy... I think it would be best to keep the Philippines in our prayers that the damages will be minimal.

http://www.cnn.com/2013/11/07/world/asia/philippines-typhoon-haiyan/?scrlybrkr=4e3ddbb3

WALMART IS BAD

The focus of our class has been if Walmart is right for Weserville or not.  I don't think it is right for Weserville.  It will drastically change our small town for the worst.  I cannot say much because much of the information of my group is being kept confidential for the big debate tomorrow.  Our group will win the argument! We have some very strong points.

So it seems like the two main political parties the Republicans and the Democrats both have very different ideas on what they want to do.  The Republicans want to pass a six week debt ceiling increase, but this bill would not end our government shutdown.  The Republicans would really prefer to discuss a long term commitment but Democrat Harry Reid, the Senate majority leader, says that they won't budge and the it's "not going to happen".  After Reid said that the White House made an official statement saying  "the president and the Senate Democrats will continue to pursue reasonable discussions about our budget challenges after these manufactured crises end."  This statement is basically implying the pointing of blame on the Republicans Party. These people in the House and Senate need to man up and become Bipartisan if they want to get anything accomplished.  

I got this information from: http://www.foxnews.com/politics/2013/10/10/boehner-pitches-short-term-debt-ceiling-hike-ahead-white-house-meeting/

Current Event First Week of October

I read an article about the government shutdown that is all politicians are talking about now.  After reading this article it seems that president Obama is trying to use the chaos of our country to his advantage in order to get his way.  The white house said that Obama would be happy to talk about the health care system and possible changes after the government reopens.  He also continues to encourage Congress to put a budget through and end the shutdown.  Obama and the Democratic party are going to need to be open to the idea of changes being made to the health care system in order for a budget to be passed anytime this year.
http://www.wjla.com/articles/2013/10/government-shutdown-2013-after-fruitless-meeting-shutdown-heads-into-third-day-94816.html?scrlybrkr=47c1ea27

This week in economics class we did lots of researching in and out of class in order to develop opinions on The Affordable Heath Care Act that is that main focus of world news today.  I feel that this should not have been passed.  This act is a seven foot stack of regulations that make doctors jobs much more difficult than they have to be.  I am led to ask what human being has actually read this?  Probably no one, not even President Obama.  This Health Care act is unfair because some people who do not even use ObamaCare will be paying for others who use it for regular visits to the doctor.  Another problem with ObamaCare is that it destroys jobs because private insurance companies will be unable to compete with a product that the United States government is giving out for "free".

This week in Economics class we began a stock market game.  I decided to invest in FedEx Toyota, Rock Star Gaming, and Apple electronics.  Right now I am slowly on the rise again.  I was once in 7th place and now I am in 13th place.  I’m not sure what exactly happened but if I did not sell Google my rank would probably be a lot worse than it is now.  This assignment has helped me to realize how quickly and how often the value of a stock changes.  This field does seem interesting and very exciting because these transactions affect millions of people throughout the world.