I'm not feeling too optimistic about my future after graduation after reading this article (lol jk). The author talks about the financial challenges we'll be facing as graduates during these trying times. I think these prospects totally suck but I'm interested to hear how passionate you guys are about this. I can already think of some people who's lives reflect those described in the article. Is there anything we can do to prevent this or lessen the impact?
here's the link to the article enjoy!
http://money.cnn.com/2013/04/10/news/economy/college-grads-jobs/index.html
Thursday, April 11, 2013
Bitcoin Investors
Bitcoin Investors
With investors such as these guys in Bitcoin, how do you think it will play out for them in the future?
“We have elected to put our money and faith in a mathematical framework that is free of politics and human error,” Tyler Winklevoss said.
"One marketplace is an online bazaar, Silk Road, where narcotics are reportedly the main wares for sale. But bitcoin believers imagine a future where the e-cash can be used at their localStarbucks. "
Looking at these two snippets from the article, there seems to be an affirmative belief that bitcoin will be around for a while and keep rising. After reviewing the article and see the success investors are having and considering how it unregulated, is it smart to trust the site?
If it remains unregulated, the sales of narcotics throughout the world could easily keep it running if it becomes their form of currency. Do you think governments should enforce regulation on the site or let it be?
Would you consider risking your money in Bitcoin? Explain.
With investors such as these guys in Bitcoin, how do you think it will play out for them in the future?
“We have elected to put our money and faith in a mathematical framework that is free of politics and human error,” Tyler Winklevoss said.
"One marketplace is an online bazaar, Silk Road, where narcotics are reportedly the main wares for sale. But bitcoin believers imagine a future where the e-cash can be used at their localStarbucks. "
Looking at these two snippets from the article, there seems to be an affirmative belief that bitcoin will be around for a while and keep rising. After reviewing the article and see the success investors are having and considering how it unregulated, is it smart to trust the site?
If it remains unregulated, the sales of narcotics throughout the world could easily keep it running if it becomes their form of currency. Do you think governments should enforce regulation on the site or let it be?
Would you consider risking your money in Bitcoin? Explain.
America's Three Elections: One For The Rich, One For The Crazy, And One For Everyone Else
Harvard professor Larry Lessig recently gave a very crystallized argument for why money’s perverse influence is systemic.
Read on to find out about the 20% or so who actually choose candidates in primaries. Then comes the general election. Fascinating piece.
America's Three Elections: One For The Rich, One For The Crazy, And One For Everyone Else
He describes America as having two elections:
“The United States has two elections. One a voting election, where citizens get to select the candidates who will ultimately govern. But the other is a money election, where the candidates who wish to run in the voting election raise the money they need to compete… the candidates don’t necessarily need to win the money election. But they must do extremely well.”
In the fundraising election, according to Lessig, only 50,000-150,000 Americans contribute enough money to be noticed by politicians. These are people like Sheldon Adelson, the casino mogul who gave $70 million to Republicans in the 2012 elections. ...“For members of Congress and candidates for Congress spend anywhere between 30% and 70% of their time raising money from this tiny, tiny slice of us. Think of a rat in a Skinner box, learning which buttons to push to get pellets of food, and you have a pretty good sense of the life of a congressman: a constant attention to what must be done to raise money, and to raise money not from all of us, but from the tiniest slice of the 1% of us.”
Read on to find out about the 20% or so who actually choose candidates in primaries. Then comes the general election. Fascinating piece.
America's Three Elections: One For The Rich, One For The Crazy, And One For Everyone Else
Wednesday, April 10, 2013
Who is holding all those U.S. dollars?
Snipet from article...http://www.econbrowser.com/archives/2013/04/who_is_holding.html
If recent trends continue, in a few months there will be $1.2 trillion in Federal Reserve notes (otherwise known as dollar bills) in circulation. Who is holding all these?
One clue comes from looking at the denominations: 3/4 of the currency held by the public is in the form of hundred-dollar bills.
So...this article is basically about where the majority of U.S. currency is concentrated and how this affects our economy. The author argues that U.S. benefits from the majority of our large bills being held by investors in other countries. Despite our economic instabilities the U.S. dollar is still considered as a safe place to store wealth.
Is the fact that foreign holders have a large portion of U.S. currency a good thing? What role does public opinion about the banking system play in the results of this article? What might this article suggest about economic growth in the U.S.?
HINT: look at graphs and read comments they're actually pretty thought provoking =)
If recent trends continue, in a few months there will be $1.2 trillion in Federal Reserve notes (otherwise known as dollar bills) in circulation. Who is holding all these?
One clue comes from looking at the denominations: 3/4 of the currency held by the public is in the form of hundred-dollar bills.
So...this article is basically about where the majority of U.S. currency is concentrated and how this affects our economy. The author argues that U.S. benefits from the majority of our large bills being held by investors in other countries. Despite our economic instabilities the U.S. dollar is still considered as a safe place to store wealth.
Is the fact that foreign holders have a large portion of U.S. currency a good thing? What role does public opinion about the banking system play in the results of this article? What might this article suggest about economic growth in the U.S.?
HINT: look at graphs and read comments they're actually pretty thought provoking =)
"Easy Money" Policies Divide Federal Reserve
"Easy Money" Article
What do you think the Fed Reserve should do?
Between the division there is a lot of pressure from various policy makers which could influence different members of the Reserve in wrong ways. Considering how egos got into the previous decisions over the recent financial crisis do you think they could play a part here, as well?
What is the importance of the Fed to continue buying bonds?
What do you think the Fed Reserve should do?
Between the division there is a lot of pressure from various policy makers which could influence different members of the Reserve in wrong ways. Considering how egos got into the previous decisions over the recent financial crisis do you think they could play a part here, as well?
What is the importance of the Fed to continue buying bonds?
Sharing a link.....
When you are doing a blog post, you type into this screen. Click the blue link button on the menu above. When you do, a screen that looks like this opens up:
Type in some text to display (this is to be clicked upon). I typed go here. Then put in the web address. That gives you your link.
go here
Type in some text to display (this is to be clicked upon). I typed go here. Then put in the web address. That gives you your link.
go here
Subscribe to:
Posts (Atom)