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Excess Supply

April 30, 2013 Leave a comment

An excess supply of houses have made some home owner lower their prices. Since there aren’t many buyers in the real estate business, then some owners have to consider lowering their prices in order to sell or rent it.

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Inferior Goods

April 30, 2013 Leave a comment

Many people would consider off brand sodas to be an inferior good to name brand sodas. Fiesta brand sodas are often not chosen by some people who view this brand as inferior to others.

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Prepare for the Worse and Hope for Better!

March 18, 2013 Leave a comment
Secretsofthefed.com

Secretsofthefed.com

According to the United States Department of Agriculture in January 2012, a moderate cost food plan to feed a family of 4 weekly expenses were approximately $217.65. In January 2013, the United States Department of Agriculture found that a family would be spending an average of $220.70 a week to support their family now. Last September, the United Nations Food and Agriculture organization announced “on average, [food] prices rose 1.4 percent.”

The price of food has risen because of a shortage of food. The recent droughts have made production of wheat, rice, and corn scarce. Throughout 2012, food prices have fluctuated. Food prices have even started to “level off” now.

blog-imfdirect.imf.org

blog-imfdirect.imf.org

To prevent this shortage from making dramatic hikes in food prices, there is a demand to produce more cereals. They are currently trying to increase the production of wheat, rice, and corn. Last winter, there was a 1% increase in wheat planting and despite those efforts the global droughts have made these crops more expensive to obtain. People are having to think at the margin as prices continue to rise. They need to decide what is necessary to buy with the last of their money to feed their family. The consumers also have to consider the opportunity cost of buying these goods at their high price and which ones to buy. The food prices in 2013 are expected to rise 3.5- 4% increase  with  the help of these droughts.Producers of our goods such as meat have been looking for cheaper sources to feed their livestock  to keep the expenses to a minimum. Even though all these efforts have been made there is no way to stop these hikes First, the Fiscal cliff seemed to be the biggest issue but now it appears that it is food.

Categories: A3 Tags: , , ,

Fiscal Cliff Deal: Deal or Dud?

February 28, 2013 Leave a comment

On January 2, 2013, Congress passed a bill that was “avert” the fiscal cliff. What the fiscal cliff deal really did was nothing to better America’s economy. There was a stalemate between the Democrats and Republicans. This plan was a last-minute resort due to the procrastination.

Nybooks.com

The Republicans let taxes rise for the wealthier Americans.

arkansasgopwing.blogspot.com

arkansasgopwing.blogspot.com

Democrats lost when it came to the “higher threshold for how much income will face a higher tax rate“. Both parties broke some of their values in this deal just avoid something that will come back 2 months later after the delayed spending cuts are started.

We also revised what makes a person a “wealthier American”. The Top 2% used to be individuals who made $250,000. The new definition of a wealthier American” today is a person that makes $400,000 and families earning more than $450,000. The tax hikes will only effect this new Top 2%. In 2011, the average median American household income was $50, 054. They also made a cap for deductions for people who made $250,00 and $300,000 as a family, and this allows “the president bragging rights to say the deal raises taxes on people at those income levels”. The cap of deductions still won’t be enough and they will have to raise the taxes again.

The current deal only delays the sequester, which are “a series of automatic cuts in federal spending”, this brings back the same problem that we faced before. The Senate is making a plan to get $12 billion revenue and $12 billion in spending cuts. The spending cuts are either non defense and defense cuts. These spending cuts are just going to make the problem worse because the Congress is going to arguing what to cut. After they get the spending cuts settled, they have two other issues to discuss. They will have to decide about the debt ceiling and whats acceptable for it to be. After they get both of those done, they can focusing on keeping our government from coming to anotherfiscal  cliff.

leadershipfreak.wordpress.com

The Republicans in the House of Representatives and Senate didn’t like this deal. In the Senate the pro to con ratio was 89 to 9. The Senate didn’t have much of a debate between whether or not the bill could be approved. But the House of Representatives had a harder time agreeing on this deal. The ratio for them was 257 to 167. Which means that there were a lot of people in House that didn’t approve  with this plan.

The fiscal cliff deal wasn’t the best plan to take. This problem will be around until we decide to take care of it instead of putting it off for another day. To find the solution may be hard but if we take care of now it will be easier to fix than later. And it’s for us as a nation to start it today!

NRA Declares War on New Proposed Gun Regulations

February 22, 2013 1 comment
Southern Nationalist Network

Southern Nationalist Network

The State of Union address, given by Barrack Obama, was very touching to the NRA community. The NRA clearly doesn’t want there to be any restrictions placed on the solicitation of guns. Wayne LaPierre said that Obama is “not [trying]t keeping kids safe at school” but is trying to “dismantle the Second Amendment.”The NRA has taken the speech as a threat “to destroy [their] Second Amendment rights.” LaPierre believes “President Obama [has said] nothing to about school security and nothing he proposed has anything to do with protecting one child in any school in this country.”

The NRA says that Obama has used the Sandy Hook shooting to “launch the most aggressive campaign in history to destroy [their] Second Amendment rights”. Obama spoke about his plan in a Google Hangout chat, which is to “[not] ban handguns, but [to] keep in mind that what we’re trying to do is come up with a package that protects Second Amendment rights but also makes a meaningful difference in reducing violence.” The NRA sent out its battle cry on that following Thursday saying “good Americans are prudently getting ready to protect themselves.”

Cnn.com

Cnn.com

Obama said in his speech:

“Because in the two months since Newtown, more than a thousand birthdays, graduations, and anniversaries have been stolen from our lives by a bullet from a gun.”

The NRA soon adopted this policy on gun violence in schools: “to put armed and trained security officers in schools to protect students.”Besides Obama’s attack using Sandy Hook, the media is a big part of the propaganda. The media is using Sandy Hook to their advantage and make the gun owners to appear as evil doers. LaPierre say that “the enemies of freedom demonize gun buyers and portray us as social lepers” and he is very upset at the way that the media has shown the people who express their right to bear arms. He also blames the media for making people guilty for buying guns. In LaPierre’s eyes, the media is hindering people from using their right and people who are considering becoming members of the NRA.

LaPierre said that “[They] will not appease. [They] will buy more guns than ever. [They] will use them for sport and lawful self-defense more than ever. [They] will grow the NRA more than ever. And [they] will be prouder than ever to be freedom-loving NRA patriots. [They] will Stand and Fight.” This in so many words is saying that the NRA is declaring war against the new proposed regulation that is being debated. They will not in any way let anything get passed that applies restrictions on buying guns. In this situation, regulations on the issue is making the problem worse because the opposite of what the intended will happen. The NRA expects anyone who loves their guns to be willing come together and fight for their freedom.

Categories: A3
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