The Elderly and Social Security

Alison from Group 3 discusses Social Security Administration's short falls in the face of inflation.  Below is an excerpt.

Hopefully if more money can be given to the seniors, that change in income will allow them to demand more of the products that they need most. If not, some seniors may have to go back to work in order to pay their bills. If they aren't able to, the economy will only suffer more. 

Please read her full post.

Cold Fusion

Matthew from Group 4 has an extremely interesting discussion of cold fusion's possible impact on the global economy.  Below is an excerpt.

I can see this causing an effect to both the energy market and to the copper market….The end result is not only will this cold fusion reaction cause the price of energy to drop being we have a new, cheaper, and more efficient way of producing it. It will have a trickle-down effect causing a change in the cost for several other materials. So not only will this change the energy market, yet also will change the world mineral exchange. 

Please read his full post.

Vampire Electronics

Garrett from Group 4 discusses the use of a new power cord that lights up when electricity is being transferred.  Below is an excerpt. 

I really don't see a downside to something like this other than that the product is faulty or defective. I mean sure the electric companies might lose some profit here and there, but economically overall it can do nothing but good.

Please read his full post.

Honors Economics Podcasts

We have just updated the blog to include the podcasts the students utilize.  Just a refresher, we have created several podcasts that we've stripped down to the bare minimum theory.  The students' homework is listening to a particular podcast.  The next day will build upon/add to that theory through the discussion/dissection of current events.  Please feel free to listen.

Walmart Moves To Provide Healthier Products

Elizabeth from Group 2 discusses Walmart's new push to provide healthier products.  Below is an excerpt.

The article discusses just how large a change this will be for our society. Walmart is an incredibly important and powerful company. With such a large customer base, this initiative could greatly improve the country's health.

Please read her full post.

Wells Fargo Bailout

Alison from Group 3 discusses how our mixed economic system utilized bailouts during the financial crisis.  Below is an excerpt.

An article in Daily Finance discusses Wells Fargo's increase in earnings and paid back loans. It received a bailout from the government during the financial crisis and was able to pay all of it back, plus increase its overall performance. This showcases the benefits of the mixed economic system the U.S. uses.

Please read her full post.

Does Going To Jail Earn You Money

Zach from Group 5 discusses rapper "Lil Wayne's" incarceration and income relation.  Below is an excerpt.

In many ways stars such as Elvis Presley, Tupac Shakur, and most recently Michael Jackson being dead has caused their stock to rise. The idea of being worth more dead than alive is certainly embodied in these kings of the music trade. But for stars who have plenty of time left in their careers to maximize potential earnings death isn't a great plan. Eccentric rapper Dwayne "Lil Wayne" Carter has found the solution to this problem, instead of dying he chose the next best thing, incarceration, and it's earning him millions of dollars every year.

Please read is full post.