Ronald's Econ Page

Experience In Polytechnic University.

2007-10-24T17:40:00.000-05:00

It's been only 3 months in my first college and already I am under tons of stress. It makes me realize that if you really don't have a goal or something to strive for when you come to college then you'll probably drop out quick.
As time goes by I'm learning more about my tiny school. The fact still remains that I never even heard of this place until I saw it for myself. Even though this school may look like any normal school, you can be quickly deceived as I was when I started attending. It turns out that my school has a huge reputation as a very successful school for engineering. Wikipedia stated that "currently, it is a leader in telecommunications, information science and technology management."
The job fair a few days ago also caught my attention as well. I was clearly wrong about my school when I saw the amount of people from places that came to my school just to recruit students to work for their company. Then I found out that the school has ways of working with students in setting up people with high class jobs as early as their sophmore year. It makes me wonder if I should even transfer despite the large tuition. In my freshman year I already stepped off on the right foot by joining the National Society for Black Engineers (NSBE) because those people work with you even more then my school and gives me the opportunity to meet alot of people. It's just a way of getting your face out there.
Quite a few people are trying to encourage me to enter an HBCU but it makes me wonder if my opportunities would be as broad there as they are now.
-ron-

U.S. Trade Deficit: Getting Better?

2007-05-23T09:41:00.000-05:00

The Trade Deficit In The U.S.
The U.S. trade deficit surprisingly is not improving because still it is giving off more american made goods then what it is getting back. The S&P market says that they traded almost half of its goods to foreign countries. They say that this will narrow the gap in between the goods for this year and will contribute to the country's economy for the first time in about a decade. They say after this then jobs will open up more and will help the U.S. bounce back from its slowest economic expansion in 4 years.
WOOOO

High Price of Easy Credit

2007-05-21T09:48:00.000-05:00

Couple learn the high price of easy credit
The price of rate for simple things like holding a savings account have become harder over the years since the mid 80's. The interest rate for various types of loans have gone up a whole lot also. These have put many Americans in debt because the loans turned out to be whole lot more then what they had bargained for in the beginning. An average family like the one in the article make 66,000 thousand a year. This is pretty average for an American family but with rate percentages going up they figure taking out loans can help them away from debt but instead assures it. By the end of the year they end up paying more then what they've earned and they're pocket money is all used up in the debts they owe banks.
OUCH!!

Podcast Critique: Mari & Jared

2007-05-16T09:44:00.000-05:00

I did my critique on Mari & Jared's podcast. They're podcast was pretty detailed on the various areas under Gross Domestic Product. They both were very clear and entertaining all at once. They're images were all on point with what they were talking about. I liked they're creativity with the way they were talking on the phone and everytime they spoke their voices appeared in the images in the beginning. It was very educational and easy to understand. One thing I learned was that the GDP of the U.S. economy is twice as much as China's. It surprised me alot because I knew that the U.S. invests so much in their stock market I had no idea that the U.S. was still ahead by so much. This was a very good podcast I enjoyed this one alot.
-ron-

Gov. Taxes All Day ERRR DAY!

2007-05-10T09:59:00.000-05:00

Taxes:
There are all kinds of taxes that Americans pay. I also feel that because of the fact that we live in the U.S. its most likely a lot more strict then other countries.
Taxes are run and taken care of by the IRS. Thats why there are so many people that hate them. The IRS makes you pay various taxes such as the things like property taxes, state taxes, and finally the government taxes. There are others taxes that Americans pay like estate taxes and taxes for things like cigarettes! thats a whole lot. sheesh
give us a break.

Student Loans-Beware!!

2007-05-10T09:44:00.001-05:00

Student Loan Article!

Culinary School and various institutions often sell themselves to the public to make it seem like after they graduate from that school they will all turn out to be a typical "emeril live". Most famous chefs make lots of money but thats only if you are really good. And I mean really really good. Most culinary schools are very expensive to pay for but people get suckered into it easily by the advertisements. People quickly take out student loans with it in mind that after they graduate they'll be the great ideal chef of there dreams and will be able to pay the loans easily after they graduate. With an article like this it teaches us that we should be careful in our decisions for school.

Economic Podcast

2007-03-16T09:37:00.000-05:00

Hi, This is my review of a podcast by Ivona and Corina. This podcast was very informal , educational and entertaining. The podcast was in the form of a conversation style. Corina was informing Ivona about The Fed System by answering her various questions. I learned about the first and obvious question which was what the fed system. During the podcast Ivona added her own information from what she knew. It was pretty funny and productive at the same time. They made it so it wasn't very complex and that anyone could can understand it. Aside from that they only provided the basic information and didn't get into the details of the The Fed System and how it works. It was more like a introduction but it's fine because the podcast wasn't suppose to be long. I can't wait for the next one.
-ron-

Compound Interest and the Rule of 72

2007-03-15T10:00:00.000-05:00

Compound Interest is the calculation of how much many you gain in a certain amount of years depending on the percentile interest. You can only gain per year after you set the money aside for saving. Therefore, in order to define accurately the amount to be paid under a legal contract with interest, the frequency of compounding and the interest rate must be specified. Different conventions may be used from country to country, but in finance and economics there must be some type of rate. The Rule of 72 is basically an equation where each individual can determine the exact amount money and how long it will take you to double your current amount or the amount that you're looking for...your choice
-ron-

Insider Trading Scandal

2007-03-07T10:49:00.000-05:00

13 people within the stock market were charged with fraud for insider trading. When the ABS security got caught giving out exlcusive and classified information. When people found this out 2 brokers from the Assent LLC tried blackmailing the people who were in the situation. 4 people were found guilty. Thats sucks!!!
-ron-

Types of Economic Systems

2007-03-02T10:58:00.000-05:00

The difference between communism and socialism is if the government operates and controls all production in a nation this is communism. Socialism is different because the government in a nation can operate federal businesses but individuals can own a businesses .

Traditional Economic System- A traditional economic system is one in which people's economic roles are the same as those of their parents and grandparents.

Market Economic System- A market economic system is one in which a nation's economic decisions are the result of individual decisions by buyers and sellers in the marketplace.

Command Economic System- In a command economic system, the main decision maker is the government. No person may independently decide to open and run any kind of business.

-ron-

Why did the Stock Market nearly crash

2007-03-02T10:52:00.000-05:00

Yesterday everything on the stock market began to decline in money. It was due to the chinese stock market. The stock market in china dropped 9 percent in one day. When the U.S. saw this they began to panic. The Dow Jones stocks got hit the hardest in resulted in them dropping 3% in a single day. The NY stock market lost so much because they invest in alot of the chinese stock markets so if any of them lose out of money so do we! That sucks.
-ron-

Opportunity Cost

2007-02-27T10:52:00.000-05:00

Opportunity Cost!
The fact the i'm in school takes away my opportunity to make money doing something else like working in a supermarket to make quick change. Even though i'll be making money from cutting school and working during the day i would make alot of money now. But I would destroy my future because I decrease my chances of going to college and making more money.

First Blog!!

2007-02-16T10:52:00.000-05:00

YAY i finally got to create the blog after years of trying to get this thing to work!! but now im in and im gonna do this work and get my 100 in this class!! YEA!!!