Job Shadow

60 Minute Video

1. What is your opinion of the topic of the video? Explain why.
  - My opinion on the video is that it is completely unfair to hardworking, honest citizens who genuinely try their best to make it in this train wreck of an economy. People are cheating their way to economic gain and looking only to benefit themselves and all the while preaching to America about equality. Everybody in the white house needs to be taken out and replaced because they have turned into professional politicians out to not earn but gain as much money as they can by putting a blindfold of the American public.

2. What can you do about your opinion? How can you make your opinion count?
- As far as I know, there's not too many extreme things I can do to get eyes on me and how I feel, I can however express it to as many people as possible and eventually vote to change the way things are ran.

3. What is insider trading? What was the information that caused Martha Stewart to go to prison?
  - Insider trading is when people on the inside of the stock market give relatively accurate information about how the stock is going to behave, and caused the decision of investor. Martha Stewart was told that the stock she was invested in was going to drop dramatically, so she sold the stock and saved herself from losing money.

4. What is black Friday? And when did it get it's name? And what is cyber Monday?
  - Black Friday is the Friday after Thanksgiving; this is a day where all of the stores make insane deals and lower prices dramatically, causing a frenzy of shoppers.The term "Black Friday," originated from the police in  Philadelphia who year after year had to face a massive crowed of fans that came to the army-navy football game, combined with the swarm of holiday shoppers to create a traffic clogging mess.

Candy stocks

In Free Enterprise, we were taken into the library, and put in a tiny room that was dark and had no windows, then separated into groups. The room was very loud and filled with candy, it was everywhere, on the floor, on the table, the room was completely covered. When Mr. Kapptie said go, we were to race and grab as much candy as we could, putting into a pile. Once all the candy was put into groups and gathered, we were to separate them into different categories according to what type of candy it was, such as different flavors or Laffy Taffy, and different flavors of chocolate, the Marshmallow pumpkins, Krackles, Mr. Goodbars, Herhey's and so on. The color of the wrapper also determined what pile the candy was to be placed in, there was gold, and silver. The candy was simulated as "money" and "stocks." Prices in the Laffy Taffy and the Marshmallow Pumpkins stayed the same throughout the exercises, but the "prices" of the chocolate would vary according to how well the "company" was doing. Obstacles would be thrown in, like splits, and scandals that would affect the stock and we would have to make a decision based off of how we believe the "stock" would do. In the end when the simulation was over, we totaled up the amount of money we "made" with our candy to see who was smart about their "investments."

Journal 7

Week Six Vocabulary

21. Economy- the prosperity or earnings of a country or region.
     * America's economy is slowing diminishing and will continue to if we don't do something to fix it. 

22. Economic system- the system of production, distribution and consumption of a country or region.
     * America's economic system is very unbalanced, throwing it off and causing the country to suffer financial losses.

23. Supply and Demand- the system or ratio of the amount of a good to the demand for the product. When the supply goes up, the prices go down, and when the supplies go down, the price goes up.
     * Gas is in high demand, and there's a low supply of it causing the prices to rise.

24. Interest-  A charge for the use of credit or borrowed money.
   * I have to pay the bank interest for the loan I have recently requested.

Occupy Wall Street

I feel that this protest isn't really well thought out because they are protesting the things they do not like, and the things they do not want, but they haven't made it clear of what they DO want and things the government can do to make things better. It is possible to hold a job and make in in society, it just depends on how hard you are willing to work for it, there are jobs out there, they may not be the ones you want but they earn you money.

Week Five Vocabulary

17 Inflation - The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.
     * Due to the high demand, and short supply, inflation is a big problem for Americans today.

18 Gross Demestic Product - The monetary value of all the finished goods and services produced within a country's borders in a specific time period.
     * The GDP is really helpful to see how all the goods produced in America are affecting the economy.

19 Infrastructure - The basic physical systems of a business or nation. Transportation, communication, sewage, water and electric systems are all examples of infrastructure
     * America's infrastructure is very unstable right now with how money is being spent.

20 Currency - A generally accepted form of money, including coins and paper notes, which is issued by a government and circulated within an economy. 
     * America's currency is measured in dollars, just as Europe's is measured in Euros.