Ricky's Econ Blog

Critique of GDP Podcast

2007-05-16T05:57:00.000-07:00

I chose to view Alex and benny's pod cast, Although it look they did put alot of work and effort in this project I just found it hard to bare. When benny speak, he speaks as if he is in a race with someone trying to speak faster and faster. Alex on the other hand sounds like hes a sleep while talking. Their project was not only based on their speaking but on what they know as well. Beside's the horrible speaking they knew exactly what they were talking about. I learned many new things about Gross Domestic Product.

I learned there are many economies that live on GDP(Gross Domestic Product). I also learned the GDP is usually calculated on annual basis, these are just some of the interesting things I learned to name a few. The charts and graphs they had seem very accurate.

Taxes, How Does The Government Get Money?

2007-05-09T19:23:00.000-07:00

There are many types of taxes, There are federal government taxes, state government taxes and local government taxes to name a few. There are also Income tax which is a tax on the financial income of persons, corporations, or other legal entities. There is Sales tax which is is charged at when something is purchased for certain products and services. There is property tax, which an owner of Real Estate or other property pays on the value of the property being taxed.

one the federal tax's is the notorious IRS. Taxes are what is used to pay for school budgets, city repairs and alot of service workers that work for the city are paid from everyones taxes. Taxes are by deducting from employees pay check's. However alot of people prefer working of the books because that way they do not lose money due to taxing. I believe working legally is better because, you can always file for your taxws especially when you recieve you W2. You also recieve retirement and benifits with it when you retire.

Dreams Crushed-Student Loans

2007-05-09T19:13:00.000-07:00

I believe they thought the students could afford to pay the amount of money in time. Its really unfortunate, The students were pretty much conned in to paying for it. They give you a big amount of paper work, just like with banks trying to give young students credit and they go and mess up their credits finacially and as most teens or young adults usually do not read the fine print and sing their live's away. I personally would not take out loans because I know their would be alot of money involved plus interest and taxes, which makes harder to catch up. I would rather save up my money and pay the bills my self.

Compound Interest and the rule of 72

2007-03-19T05:57:00.000-07:00

Compound interest is a very powerful tool. Financial experts use the Rule of 72 to command compound interest and gain financial success. Some financial service providers want people to know the Rule of 72 so they can make wise decisions to command compound interest and compound their own financial success. Other financial service providers use compound interest to enslave others and compound their own financial success. They don't want people to know the compound interest and financial success of Rule of 72.

Insider Trading

2007-03-15T06:11:00.000-07:00

Insider trading is a term that most investors have usually associate with illegal conduct. But the term actually includes both legal and illegal conduct. The legal version is when corporate insiders,officers, directors, and employees buy and sell stock in their own companies. When corporate insiders trade in their own securities. Illegal insider trading refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security. Insider trading violations may also include "tipping" such information, securities trading by the person "tipped," and securities trading by those who misappropriate such information.

Dow Down 416 Pts!

2007-02-28T06:13:00.000-08:00

Stock markets of mainland China that raised questions about whether a larger market correction was in the offing. Stocks fell in most of Asia earlier Wednesday although the Shanghai Composite Index, whose nearly 9 percent drop set off the domino-effect selling, closed up nearly 4 percent. Stocks were also off in Europe, but the declines were milder than on Tuesday. Futures signaled a higher opening. Futures for the Dow Jones industrials, which fell more than 400 points Tuesday, were higher by 70 points, while Standard & Poor's 500 index futures were higher by 8.20 points. Nasdaq composite index futures were higher by 11.50 points.

Opprotunity Costs

2007-02-28T06:07:00.001-08:00

Opportunity cost need not be assessed in monetary terms, but rather can be assessed in terms of anything that is of value to the person or persons doing the assessing. For example, a person who chooses to watch, or to record, a television program cannot watch any other at the same time. In any case, at the time the person chooses to watch a program, either live or on a recording, they cannot watch something else, and if they are not able to record another program showing at the same time, the opportunity to view it is lost. Or another example, someone having a video game can choose to watch a program or play the video game on the TV; they can't do both simultaneously. Whichever one they choose is a lost opportunity to experience the other.

Types of Economic System

2007-02-16T05:56:00.000-08:00

There are 4 types of Economic Systems. The four types are Traditional Economies, Centrally Planned (Command) Economy, Market Economy and Mixed Economy. The Traditional Economies are economic systems which has strong social networks and is based on primitive methods and tools. In the majority of countries traditional economy has been replaced by command economy, market economy or mixed economy. Centrally Planned Economy is A planned economy also known as command economy and centrally-planned economy is an in economic system which the state or government controls the factors of production and makes all decisions about their use and about the distribution of incom. In a market economy businesses and consumers decide what they will produce and purchase, as opposed to a planned economy where the government decides what is to be produced and in what quantities. A mixed economy is an economy that has a mix of economic systems. The difference between communisim and socialism are communism

Stock Market Game-1- Initial Investment Strategy

2007-02-12T06:21:00.000-08:00

I am still thinking what companies I want to invest in, so far I have chose to invest in BP Gasoline and Oil, Honda Motors and Nissan Motors. I will pick some more companies. Right now I am tryin to find companies that will last for the future in order to make my money grow.

Test

2007-02-02T06:10:00.000-08:00

Test