At current companies have to pay large amounts of money to store, and ensure that the spent fuel rods produced by the reactors they run are well contained to prevent radio-active fallout from impacting the area around the storage sites. Now that we have a use for this nuclear trash and we do not have to store it, it will save the companies refining and using enriched uranium a large amount of money each year. This savings translates into the ability for energy prices to be lowered. With the reduced cost to produce it and the larger amount being produced, the supply goes up with a almost unchanged demand. With a higher supply it is guarantee that the cost will drop saving the consumers money.Please read his full post.
Welcome to Economics Blog. The goal of this class is for students to have the opportunity to learn economics through a real world setting discussing current events with each other and people throughout the country.
Tuesday, March 22, 2011
New Nuclear Trash Technology
Matthew discusses the economic impact of a new nuclear disposal technology.
Monday, March 21, 2011
Oracle vs. Google
Garrett discusses the Oracle lawsuit against Google and the destruction of the Android.
Please read his full post.
So let's say another smart phone is taken off the market, this makes phones such as the iPhone more valuable. Will this drive people towards iPhones now that a substitute is completely destroyed?
Please read his full post.
Thursday, March 10, 2011
Prices at the Pump
Grace discusses the profitability of gas stations in the face of rising gas prices.
Please read her full post.
I also thought it was interesting that there is so little profit for stations on gasoline. Instead they want to draw customers inside to purchase beverages and snacks. It never occurred to me that the lowest priced gas station could also make a profit this way. If you lose a penny per gallon on gasoline to draw customers in but then sell the customer two sodas and a bag of chips, you are going to make more money than you would have with a higher price of gasoline.
Please read her full post.
Wednesday, March 9, 2011
Media Piracy
Matthew discusses media piracy.
Please read his full post.
Also with competition being great amongst these underground media dealers, it keeps their prices down so those that cannot download the material itself can get it for an extremely reduced price at no repercussion to them.
Please read his full post.
Tuesday, March 8, 2011
Is Apple holding back
Curt discusses the new iPad 2 and could Apple be holding back technologies in order to keep demand high.
Please read his full post.
Was apple holding back? I think they were, and they are with the new iPad. I'm sure that there are a number of features that the Apple could put on the iPad 2 that they haven't yet
Please read his full post.
Friday, March 4, 2011
iPad2 Cameras
Dan discusses the impact of the new iPad 2 cameras.
Please read his full post.
But Fast Companydiscusses how businesses will be able to utilize the camera in conjunction with its other features to better themselves. They see benefits for everyone from interior designers to casino pit bosses.
Please read his full post.
Thursday, March 3, 2011
Oscars and the Jewelry
Laura takes an interesting look at the jewelry worn at the Oscars.
Please read her full post.
When a big name jewelry boutique buys a high value piece of vintage jewelry, money must be transferred. Loans are probably taken out by the jewelry stores and this creates money in the business cycle. Now, when a high regarded celebrity, like Amy Adams, wears these high valued pieces on a highly televised event, like the Oscars, the jewelry line or boutique will gain popularity, demand and publicity.
Please read her full post.
Tuesday, March 1, 2011
The Oscars
Zach discusses how the Oscars affect the revenue of the best picture nominees.
Please read his full post.
These movies came out last year but people seem to be advertising them more than when they were released. For example, go home, click your "on demand" button on your remote control, then listen and see what comes to the screen. You will hear "The Social Network", "The King's Speech", "Toy Story 3", and the list goes on. These movies have been out for months yet this company advertises them.
Please read his full post.
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