North Korea is starting to have a "Weak Economy" and seems to be failing. The U.S. sends a missile defense system to Guam. They are worried that North Korea is planning an attack or selling "Weapons of Mass Destruction" on the market. People think that if North Korea was to attack. North Korea isn’t a “Feared” country is more of a fear of what nukes or missiles are able to do in this generation and the lives a bomb can’t take. No one is sure what North Korea’s plans are or what they are doing, but their government is failing and their economy is getting weak. In the article is says “North Korea added another risk element to the market." The United States is fearful that North Korea posed a "Real and Clear" danger added to investor caution.
The two articles I have researched are both dealing with the effects of economy on people in our country. In class we have recently discussed communism and how it is not all about equality. The communist country, North Korea is ruled by Kim Jong Il who has total control over all of the people in the small country. They live in poverty with little to no food but they worship their dictator every day. In America we live in a free country where people have the choice of the president, and the ability to have jobs. People in America are still dealing with poverty and unemployment. The unemployment aid rate has increases by 28,000 in the past week. The want for unemployment aid has been decreasing since November but recently has shot up due to businesses cutting workers. Retailers, hotels and restaurants have recently stepped back on hiring which has something to do with the increase in America’s want for unemployment aid. A newly found group called Oxfam America which is a group that is organized to show awareness of poverty in the United States. This organization focuses on essays by journalists, economists, military, and faith leaders. Both articles are dealing with average people in America and the money issues they are still facing.
http://www.businessweek.com/news/2013-04-19/greenspan-says-painless-solution-to-u-dot-s-dot-debt-is-fantasy http://www.usatoday.com/story/money/business/2013/04/15/foreign-holdings-us-debt/2083855/ The us is in $16,808,240,386,273 in debt. to get that into perspective each american citizen would have to pay $56027 to get rid of that debt. The us spends 3 billion dollars a day. that is to much money. the us cannot pay back the debt. the only reason the us is still afloat is because they just keep printing money to make their payments. the us wont be able to print out money forever and other countries are going to stop lending us money because they'll know that their not going to get it back. when this happens the price of everything in the us will skyrocket. this cannot be avoided it has been happening for so long that the whole that the us dug is to deep to get out of.
Both of my aricles speak about the economies of both North Korea and The United States Of America and how they are both falling alhough America can bost up there econom as they use their hard working American people unlike North Korea who is under dictatorship as well as bankrupt, they have no money to help themselves, although Americas economy is also going down slighly as Americans have tried searching for a job and they are either unable to find one. Although North Korea want their economy to build and strengthen but they do not want to receve help from other countries such as America and its allies as well as South Korea. The US has made a lot of progress in beginning to build up their economy with retail sales, market stocks etc but whats making the economy low is that there are no jobs, unemploymen rate, housing, alot of prices for the people of America
My two articles that I got are about the issue of the continued student debt in America. Sense the economic crash of 2008 student debt has been a real problem. 850,000 former students have defaulted on loans just in the first few months of 2013. People used to take out loans, go to school, get jobs and pay off their debt in a reasonable amount of time. However, rising college costs paired with a struggling economy and high unemployment among young people has made that difficult. 43 percent of Americans under the age of 25 had student debt in 2012, with the average debt burden now $20,326. By contrast, back in 2003, just 25 percent of younger Americans had debt, and the average burden was $10,649. For a long time student with debt were more likely to own a house or car then students that didn’t have debt but sense 2011 those statistics have swapped and your now you are more likely to be living on your own if you didn’t go to college. This continuing problem has caused the American economy a slower recovery. Before this students out of college were making more money and had secure jobs so paying off these debts were easy but now because of the high unemployment rate and the colleges being more expensive than ever your better of learning a trade after high school and sticking to it.
Both of these articles are about the issues a certain country is facing, while the one is Uzbekistan’s energy consumption believed to be one of the highest in the world (by size and population) and the United States by their new health care laws and systems that some can argue is great while others will not stand for the way that it is going (things such as Obamacare). They can both be compared to one another because there are ways to fix each one of them, Uzbekistan’s problem with energy problems come from the use of very large manufacturing facilities while the United States health care problems come from the overuse and people abusing the health care laws to try to save some money, this causes other tax payers a lot of money because not only now do they have to pay for themselves but now they have to pay for other people’s healthcare that abuse the system.
http://homernews.com/homer-opinion/point-of-view/2013-04-24/north-korea-threats-hurt-economy http://edition.cnn.com/2013/04/09/business/north-korea-economy-explainer/?hpt=hp_c1 The Articles are about NK and its economy. They talk about the ways their actions effect. They show the ways that they gain money to support their govt. This relates to class, because it has to do with NK and their terrible, crappy economy. The eco. Of NK has always been bad. During the Cold War, they had no money just like now. They threat, but never do anything. The Themes are NK has a terrible govt. they have no support and no real general income. The country believes it is great, just like we learned in class. When, in reality, They are the poorest country in Asia
The recent economic crisis is beginning to take a toll on everyone. Most countries are beginning to be affected by it. North Korea is beginning to fall into a “weak economy” and should no longer be a concern to us. Also the U.S is beginning to struggle. We are so much in debt that we will most likely crash soon. We need to get out of the problem we are in. most countries need to shut down their best businesses because of the loss of money. Some European countries companies have lost over 14 trillion dollars all together. In both my articles it shows how the world is struggling. It also shows that the U.S has the most businesses to fail in the past year due to bankruptcy then any other country in the world.
My first article talks about how the budget cuts are killing military preparedness. In Washington there is a political war over funding of the federal government. There will be an effect on the joint forces in future years if the government’s broken budgeting process cannot be made more predictable. This is a problem because it will leave the force unequipped and unready to counter new upcoming threats. The 2014 budget request will need a base budget of $130 billion. A problem the military might face is the cancellation of heavy equipment maintenance. Presently, the soldiers in Afghan war zone are the only solders who are receiving what they need. Other than that, readiness is slipping away everywhere else, even in Korea. In Korea training exercises are being cancelled. The quality of the force is very high, so they can cope with setbacks. But still they can’t live like that forever because the situation would erode the quality away. My next article focuses on the grim economics shaping France’s military spending. France will undergo a change in which for the next several years France will stop its military spending. This will cut about ten percent of defense jobs. At the same time, this will gain more money for high-tech equipment. Both my articles reflect how money is something in great need of for the military. During the cold war, money without a doubt was something essential for the military. Money brought in weapons and tools for the soldiers. The defense spending even became a part of the national debt since the military used an immense amount of money. Money will always be important, and so the military must be careful on how to use it. There are even times where the government can’t supply it, and so new strategies are thought of to resolve that issue.
http://www.hurriyetdailynews.com/economy-to-make-mark-in-pm-erdogans-us-visit.aspx?pageID=238&nID=46888&NewsCatID=344 http://blogs.wsj.com/economics/2013/05/10/secondary-sources-euro-zone-u-s-debt-bernanke-and-bubbles-economists/ The transatlantic free trade talks and energy issues particularly Turkey’s oil imports from northern Iraq, will be on the table during Turkish Prime Minister Recep Tayyip Erdogan’s United States visit and his meeting with U.S President Barack Obama. While some political topics are likely to dominate the agenda as there are crisis in Syria and has escalated in Israel and Turkey and Israel-Palestinian relations. In addition to economy Minister Taner Yildiz were not in the delegation and were added at the last minute 90 businesspeople are accompanying the prime minister in the U.S which is evidence of the significance of the economic aspect of the visit. “Another hot economic topic will be the booming oil trade between Turkey and the Kurdish Regional Government (KRG) in northern Iraq, which irks the Baghdad authority and is increasing U.S. fears of Iraq splitting up.” The two parties plan to build an oil pipeline between the KRG and Turkey have seen objections from the U.S. which fears that the project could contribute to the breakup of Iraq. Gillian Tett looks at the changes in the U.S. and euro zone household debt. Europeans always have had a lower debt ratio than Americans. Paul Krugman examines whether Fed policy is creating bubbles. Japan’s debt is well over twice it’s G.D.P. their budget remains large and the interest rate on 10 year bonds is 0.6 percent. The connection is how our economy is in debt because of the military and also having to do with the cold war.
Around the time the Vietnam war started was about the same time that the great depression was ending. With all the wars the united states were in it opened more jobs in places like factory's to make supplies which meant more money for the average family. This would soon end the great depression because people were no longer in poverty. However the more the united states start to buy products from over seas and also has products made there, more and more people will lose their jobs. with that in mind some united states company's are trying to come back over seas to the united states to try and help out economy. In the stats their is a little bit of a sign that the United states are starting to grow again and we arnt losing as many jobs. But economics isnt just about one country because all currencies are able to be traded for others around the world, when one crashes others crash and the whole world wild economic system crashes.
My two articles talk about how the advance in technology in the United States has an impact on our economy. These articles talk about how technology is used for business. According to the U.S. Department of Commerce projections, in 2013 all U.S. workers will be employed in industries that produce or intensively use information technology, products, and services that produce or intensively use information technology, products, and services. Today we have more technologies such as robots. Robots are taking jobs from people who work in factories because they are easily replaced and robots/machinery can do the job faster, more efficiently, and never take breaks. Even though some machines and robots are taking jobs from people they are also creating more jobs. They are creating more jobs because they need people to make the robots/machines and you need people to install and fix them if they break. More people are also buying technology for their own use such as cell phones, laptops, iPod’s, and iPad’s. People buy these things for many reasons. Some college students buy laptops and iPad’s to take notes in class and write essays and cell phones are useful in multiple situations. The technology industry is always coming out with new products. The technology industry is booming and people are buying. This relates to what we have learned in class about the 1950s because it was after the war and the citizens were buying more things such as houses, washers, dryers, cars, TV’s, and games for leisure time. More people had time to relax and spend time with family. They also had more money to spend so they spent their money as they pleased. The economy was booming.
OPEC had a meeting on Friday regarding the impact of rising U.S. shale oil production. Vulnerable counties are arguing that the group should prepare for production cuts to prop up prices if they fall any lower. African OPEC members who produce oil of the similar grade to shale oil are suffering the worst from the Northern American oil boom. Countries that need high oil prices to cover domestic spending have clashed with countries who have the financial strength to with stand lower prices. In 2008 OPEC agreed to a production cut of more than four million barrels a day. The uneven impact of the Northern American supply gives reason to coordinate production cut to support prices more difficult. OPEC is the source of around 1/3 of the world’s oil; they have been taken aback by the shift in U.S production. This situation is like the Vietnam War because the U.S is taking matters into their own hands and not worrying about what’s going to happen to countries like Nigeria and Algeria. Because in the Vietnam War they were worried about communism spreading, They didn’t care what they had to do to North and South Vietnam to stop it from spreading any where else.
http://www.reuters.com/article/2013/04/03/us-markets-stocks-idUSBRE93006T20130403
ReplyDeleteNorth Korea is starting to have a "Weak Economy" and seems to be failing. The U.S. sends a missile defense system to Guam. They are worried that North Korea is planning an attack or selling "Weapons of Mass Destruction" on the market. People think that if North Korea was to attack. North Korea isn’t a “Feared” country is more of a fear of what nukes or missiles are able to do in this generation and the lives a bomb can’t take. No one is sure what North Korea’s plans are or what they are doing, but their government is failing and their economy is getting weak. In the article is says “North Korea added another risk element to the market." The United States is fearful that North Korea posed a "Real and Clear" danger added to investor caution.
http://business.time.com/2013/04/04/u-s-unemployment-aid-applications-jump-to-385000/
ReplyDeletehttp://www.prweekus.com/oxfam-global-strategy-group-highlight-us-poverty/article/287378/
DeleteThe two articles I have researched are both dealing with the effects of economy on people in our country. In class we have recently discussed communism and how it is not all about equality. The communist country, North Korea is ruled by Kim Jong Il who has total control over all of the people in the small country. They live in poverty with little to no food but they worship their dictator every day. In America we live in a free country where people have the choice of the president, and the ability to have jobs. People in America are still dealing with poverty and unemployment. The unemployment aid rate has increases by 28,000 in the past week. The want for unemployment aid has been decreasing since November but recently has shot up due to businesses cutting workers. Retailers, hotels and restaurants have recently stepped back on hiring which has something to do with the increase in America’s want for unemployment aid. A newly found group called Oxfam America which is a group that is organized to show awareness of poverty in the United States. This organization focuses on essays by journalists, economists, military, and faith leaders. Both articles are dealing with average people in America and the money issues they are still facing.
http://www.businessweek.com/news/2013-04-19/greenspan-says-painless-solution-to-u-dot-s-dot-debt-is-fantasy
ReplyDeletehttp://www.usatoday.com/story/money/business/2013/04/15/foreign-holdings-us-debt/2083855/
The us is in $16,808,240,386,273 in debt. to get that into perspective each american citizen would have to pay $56027 to get rid of that debt. The us spends 3 billion dollars a day. that is to much money. the us cannot pay back the debt. the only reason the us is still afloat is because they just keep printing money to make their payments. the us wont be able to print out money forever and other countries are going to stop lending us money because they'll know that their not going to get it back. when this happens the price of everything in the us will skyrocket. this cannot be avoided it has been happening for so long that the whole that the us dug is to deep to get out of.
http://newamericamedia.org/2013/04/as-north-korea-talks-economy-west-talks-of-war.php
ReplyDeletehttp://www.commercialappeal.com/news/2013/apr/04/americas-economy-is-recovering-but-jobs-remain/
Both of my aricles speak about the economies of both North Korea and The United States Of America and how they are both falling alhough America can bost up there econom as they use their hard working American people unlike North Korea who is under dictatorship as well as bankrupt, they have no money to help themselves, although Americas economy is also going down slighly as Americans have tried searching for a job and they are either unable to find one. Although North Korea want their economy to build and strengthen but they do not want to receve help from other countries such as America and its allies as well as South Korea. The US has made a lot of progress in beginning to build up their economy with retail sales, market stocks etc but whats making the economy low is that there are no jobs, unemploymen rate, housing, alot of prices for the people of America
http://www.eastidahonews.com/2013/04/student-debt-impacting-us-economy/
ReplyDeletehttp://www.washingtonpost.com/blogs/wonkblog/wp/2013/04/17/student-debt-is-dragging-down-the-u-s-economy/
My two articles that I got are about the issue of the continued student debt in America. Sense the economic crash of 2008 student debt has been a real problem. 850,000 former students have defaulted on loans just in the first few months of 2013. People used to take out loans, go to school, get jobs and pay off their debt in a reasonable amount of time. However, rising college costs paired with a struggling economy and high unemployment among young people has made that difficult. 43 percent of Americans under the age of 25 had student debt in 2012, with the average debt burden now $20,326. By contrast, back in 2003, just 25 percent of younger Americans had debt, and the average burden was $10,649. For a long time student with debt were more likely to own a house or car then students that didn’t have debt but sense 2011 those statistics have swapped and your now you are more likely to be living on your own if you didn’t go to college. This continuing problem has caused the American economy a slower recovery. Before this students out of college were making more money and had secure jobs so paying off these debts were easy but now because of the high unemployment rate and the colleges being more expensive than ever your better of learning a trade after high school and sticking to it.
http://www.worldbank.org/en/results/2013/04/30/uzbekistan-the-economics-of-efficiency
ReplyDeletehttp://bangordailynews.com/2013/05/06/opinion/contributors/a-tool-to-compare-health-care-costs/
Both of these articles are about the issues a certain country is facing, while the one is Uzbekistan’s energy consumption believed to be one of the highest in the world (by size and population) and the United States by their new health care laws and systems that some can argue is great while others will not stand for the way that it is going (things such as Obamacare). They can both be compared to one another because there are ways to fix each one of them, Uzbekistan’s problem with energy problems come from the use of very large manufacturing facilities while the United States health care problems come from the overuse and people abusing the health care laws to try to save some money, this causes other tax payers a lot of money because not only now do they have to pay for themselves but now they have to pay for other people’s healthcare that abuse the system.
http://homernews.com/homer-opinion/point-of-view/2013-04-24/north-korea-threats-hurt-economy
ReplyDeletehttp://edition.cnn.com/2013/04/09/business/north-korea-economy-explainer/?hpt=hp_c1
The Articles are about NK and its economy. They talk about the ways their actions effect. They show the ways that they gain money to support their govt. This relates to class, because it has to do with NK and their terrible, crappy economy. The eco. Of NK has always been bad. During the Cold War, they had no money just like now. They threat, but never do anything. The Themes are NK has a terrible govt. they have no support and no real general income. The country believes it is great, just like we learned in class. When, in reality, They are the poorest country in Asia
http://economyincrisis.org/content/major-economic-problems-facing-united-states
ReplyDeletehttp://www.globalissues.org/
NATE LUSCOMBE
The recent economic crisis is beginning to take a toll on everyone. Most countries are beginning to be affected by it. North Korea is beginning to fall into a “weak economy” and should no longer be a concern to us. Also the U.S is beginning to struggle. We are so much in debt that we will most likely crash soon. We need to get out of the problem we are in. most countries need to shut down their best businesses because of the loss of money. Some European countries companies have lost over 14 trillion dollars all together. In both my articles it shows how the world is struggling. It also shows that the U.S has the most businesses to fail in the past year due to bankruptcy then any other country in the world.
Deletehttp://www.forbes.com/sites/lorenthompson/2013/05/13/budget-cuts-are-killing-military-preparedness/
ReplyDeletehttp://www.nytimes.com/2013/04/30/world/europe/grim-economics-shape-frances-military-spending.html?_r=0
My first article talks about how the budget cuts are killing military preparedness. In Washington there is a political war over funding of the federal government. There will be an effect on the joint forces in future years if the government’s broken budgeting process cannot be made more predictable. This is a problem because it will leave the force unequipped and unready to counter new upcoming threats. The 2014 budget request will need a base budget of $130 billion. A problem the military might face is the cancellation of heavy equipment maintenance. Presently, the soldiers in Afghan war zone are the only solders who are receiving what they need. Other than that, readiness is slipping away everywhere else, even in Korea. In Korea training exercises are being cancelled. The quality of the force is very high, so they can cope with setbacks. But still they can’t live like that forever because the situation would erode the quality away.
My next article focuses on the grim economics shaping France’s military spending. France will undergo a change in which for the next several years France will stop its military spending. This will cut about ten percent of defense jobs. At the same time, this will gain more money for high-tech equipment.
Both my articles reflect how money is something in great need of for the military. During the cold war, money without a doubt was something essential for the military. Money brought in weapons and tools for the soldiers. The defense spending even became a part of the national debt since the military used an immense amount of money. Money will always be important, and so the military must be careful on how to use it. There are even times where the government can’t supply it, and so new strategies are thought of to resolve that issue.
Ivana Davial
*Davila...
Deletehttp://www.hurriyetdailynews.com/economy-to-make-mark-in-pm-erdogans-us-visit.aspx?pageID=238&nID=46888&NewsCatID=344
ReplyDeletehttp://blogs.wsj.com/economics/2013/05/10/secondary-sources-euro-zone-u-s-debt-bernanke-and-bubbles-economists/
The transatlantic free trade talks and energy issues particularly Turkey’s oil imports from northern Iraq, will be on the table during Turkish Prime Minister Recep Tayyip Erdogan’s United States visit and his meeting with U.S President Barack Obama. While some political topics are likely to dominate the agenda as there are crisis in Syria and has escalated in Israel and Turkey and Israel-Palestinian relations. In addition to economy Minister Taner Yildiz were not in the delegation and were added at the last minute 90 businesspeople are accompanying the prime minister in the U.S which is evidence of the significance of the economic aspect of the visit. “Another hot economic topic will be the booming oil trade between Turkey and the Kurdish Regional Government (KRG) in northern Iraq, which irks the Baghdad authority and is increasing U.S. fears of Iraq splitting up.” The two parties plan to build an oil pipeline between the KRG and Turkey have seen objections from the U.S. which fears that the project could contribute to the breakup of Iraq. Gillian Tett looks at the changes in the U.S. and euro zone household debt. Europeans always have had a lower debt ratio than Americans. Paul Krugman examines whether Fed policy is creating bubbles. Japan’s debt is well over twice it’s G.D.P. their budget remains large and the interest rate on 10 year bonds is 0.6 percent. The connection is how our economy is in debt because of the military and also having to do with the cold war.
http://www.bbc.co.uk/news/business-20908849
ReplyDeletehttp://money.msn.com/business-news/article.aspx?feed=OBR&date=20130516&id=16487185
Around the time the Vietnam war started was about the same time that the great depression was ending. With all the wars the united states were in it opened more jobs in places like factory's to make supplies which meant more money for the average family. This would soon end the great depression because people were no longer in poverty. However the more the united states start to buy products from over seas and also has products made there, more and more people will lose their jobs. with that in mind some united states company's are trying to come back over seas to the united states to try and help out economy. In the stats their is a little bit of a sign that the United states are starting to grow again and we arnt losing as many jobs. But economics isnt just about one country because all currencies are able to be traded for others around the world, when one crashes others crash and the whole world wild economic system crashes.
-Mike Barr
http://www.dol.gov/oasam/programs/history/herman/reports/futurework/report/chapter6/main.htm
ReplyDeletehttp://www.deseretnews.com/article/865580573/Avoiding-the-overload-How-to-know-when-to-upgrade-your-technology.html
My two articles talk about how the advance in technology in the United States has an impact on our economy. These articles talk about how technology is used for business. According to the U.S. Department of Commerce projections, in 2013 all U.S. workers will be employed in industries that produce or intensively use information technology, products, and services that produce or intensively use information technology, products, and services. Today we have more technologies such as robots. Robots are taking jobs from people who work in factories because they are easily replaced and robots/machinery can do the job faster, more efficiently, and never take breaks. Even though some machines and robots are taking jobs from people they are also creating more jobs. They are creating more jobs because they need people to make the robots/machines and you need people to install and fix them if they break. More people are also buying technology for their own use such as cell phones, laptops, iPod’s, and iPad’s. People buy these things for many reasons. Some college students buy laptops and iPad’s to take notes in class and write essays and cell phones are useful in multiple situations. The technology industry is always coming out with new products. The technology industry is booming and people are buying. This relates to what we have learned in class about the 1950s because it was after the war and the citizens were buying more things such as houses, washers, dryers, cars, TV’s, and games for leisure time. More people had time to relax and spend time with family. They also had more money to spend so they spent their money as they pleased. The economy was booming.
OPEC had a meeting on Friday regarding the impact of rising U.S. shale oil production. Vulnerable counties are arguing that the group should prepare for production cuts to prop up prices if they fall any lower. African OPEC members who produce oil of the similar grade to shale oil are suffering the worst from the Northern American oil boom. Countries that need high oil prices to cover domestic spending have clashed with countries who have the financial strength to with stand lower prices. In 2008 OPEC agreed to a production cut of more than four million barrels a day. The uneven impact of the Northern American supply gives reason to coordinate production cut to support prices more difficult. OPEC is the source of around 1/3 of the world’s oil; they have been taken aback by the shift in U.S production. This situation is like the Vietnam War because the U.S is taking matters into their own hands and not worrying about what’s going to happen to countries like Nigeria and Algeria. Because in the Vietnam War they were worried about communism spreading, They didn’t care what they had to do to North and South Vietnam to stop it from spreading any where else.
ReplyDeletehttp://online.wsj.com/article/SB10001424127887323855804578508871186460986.html