Oil Boom Hits Glendive College

Inside Glendive College 

The oil boom has caused the Glendive College a serious disadvantages. One occasion is that the hotels and motels around the college have increased their rental prices from $400 to $800~$1000. This caused college students to find shelters outside the college more difficult. Also Glendive College is struggling with hiring staff members.

Due to the increased material prices, this brings serious problems from Montana to North Dakota. for example, professors are not willing to come to teach in the places, and these worries the villages for their near future.The jobs are being vacant.
Also the students have to go work at the oil boom instead of attending college right after high school graduation. However, there are some upsides, which they get good jobs in the oil region era.
These days the colleges are giving solutions for the oil boom, and these come out to be great solutions. For example, college administrators are talking to an oil field company to do safety training in the Dawson Campus this summer. Employees taking the training would live in the dorms, which usually are empty in the summer. On the other hand, there are students who work fully at the oil boom, and also take college courses living in the campus. Despite the problems,  the boom has brought in more state money to campus at a time when other parts of the country are cutting higher budgets. And the boom has created silent opportunities for the school also.

Chinese Reunion

China a new U.S.A
China is on there hands about their power among the world. China's efforts to join the World Trade Organisation (WTO) dragged on for 15 years, long enough to “turn black hair white”, as Zhu Rongji, China’s former prime minister, put it. (His own hair remained Politburo-black throughout.)
Yet the bet paid off for China. It has blossomed into the world’s greatest exporter and second-biggest importer. The marriage of foreign know-how, Chinese labour and the open, global market has succeeded beyond anyone’s predictions.
It is instead China’s trading partners who now contemplate its WTO membership with furrowed brows.
Too big to be a bystander—or to be kept out
But China’s sins should be put into perspective. In terms of global trade consumers everywhere have gained from cheap Chinese goods. Chinese growth has created a huge market for other countries’ exports. And China’s remaining barriers are often exaggerated. It is more open to imports than Japan was at the same stage of development, more open to foreign direct investment than South Korea was until the 1990s. Its tariffs are capped at 10% on average; Brazil’s at over 30%. And in China, unlike India, you can shop at Walmart, most of the time.
As for the hurdles foreign firms face in China, they are disgraceful—but sadly no worse than in other developing countries. So celebrate China’s ten years in the WTO: we are all richer because of it. But, when it comes to trade, China’s rulers now badly need to grow up. Their cheating is harming their own consumers and stoking up protectionism abroad. That could prove to be economic self-harm on an epic scale.

China shows and increase of PED, YED and an income in every other resources. It is really surprising, but also wondering how long will the increase last?

Iphone's in Trouble?

Samsung or Iphone?

Six days after Samsung began airing its Galaxy Nexus ads mocking Apple's customer base -- the Korean conglomerate's "buzz" started rising and the iPhone's drifting down.

"Samsung has just edged past the iPhone in consumer perception in the US (adults 18+), likely powered by their new set of ads bashing the Apple fanboys who camp out for hours to buy the new iPhone."

Samsung mocks Apple's customer base

YouGov's Brand Index tracks the public perception of some 1,100 consumer brands -- including Apple -- by interviewing 5,000 people every weekday and asking them "If you've heard anything about the brand in the last two weeks, through advertising, news or word of mouth, was it positive or negative?" Scores can range from 100 to -100.
The recent shifts in the public's perception of Apple and Samsung, according to YouGov, were driven mostly by adults aged 50 and up.
This is not the first time Apple's brand has taken a beating in YouGov's index. In the spring of 2010 -- at the height of the Gizmodo affair, the Flash brouhaha and a Jon Stewart take down, its score fell from a high of 80.2 to a low of 66.1, prompting the New York Times to ask "Has Apple lost its cool?"
 It is becoming really interesting, and the demand and supply  curve of the Iphones are frequently having an decrease in it. So what will the Apple do for their future?

Normal Play Money

Coffee talk with the newest Starbucks board Member

Clara Shih is one of the Starbucks board members. In the puropose of both youth and social media know-how they showed it. As a 29 year old CEO of Hearsay Social, and they had a few conversations with Shih.
Fortune: Why are you joining the Starbucks board?
Shih: I've been a huge fan of Starbucks for a long time and when they approached me I was thrilled not only because it's such an admired brand, but also because of how much it has invested in social media. I said yes because two years ago we started Hearsay Social to establish a new era of enterprise software around what we believed was a new business imperative, and this board appointment is a validation of that dream.
That sort of sounds like you're hoping this board seat will be a PR boon for Hearsay. Accurate?
No, that's not why I'm doing it. I just mean that this is my first public board appointment, and it is a validation of the importance of the type of work Hearsay is doing. There may or may not be PR benefits to Hearsay, but they weren't part of my decision-making process.
Facebook's Sheryl Sandberg plans to step down from the Starbucks board next year. Do you view yourself as the designated "social media" replacement?
I'm a huge fan of Sheryl's personally and worked with her in the past at Google (GOOG), but I don't see myself as her replacement.
Start-up CEOs aren't known for having much free time. Did you have any concerns that the board seat would become a time burden?
It is something I've thought a lot about. I've gotten better over time at saying 'no' to things, but when this opportunity came up I knew it was one I couldn't turn down. Not since starting Hearsay Social have I felt this excited about an opportunity.
Are you interested in taking other public board seats?
It's hard to say in a general sense, except that I do think there need to be more women and young people on public boards.
Any worries that Hearsay Social might now have trouble getting business from a Starbucks competitor?
It hasn't really crossed my mind. Obviously I'll have to recuse myself on any Starbucks board business that involves Hearsay Social, and I assume any other world-class organization would respect that separation.
Do you get some sort of special card now that gives you free coffee?
Not that anyone's told me about yet.

From these we can learn that Shih can handle her job very well, and succeed as a great CEO, if she manages it well.  It is really interesting, and looking forward to the future outcomes.

Occupy Economics

Economics

Concerns about the impact of growing economic inequality fit neatly into a larger critique of mainstream economic theory and its deep faith in the efficiency of markets.
Willingness to use the C-word (capitalism) often signals concerns about a concentration of economic power that unfairly limits individual choices, undermines political democracy, generates financial and ecological crises and limits access to alternative economic ideas.

At the final plenary session of the conference, titled “Ethics and Economics,” participants discussed an “Economists’ Statement” in support of Occupy Wall Street that has been posted online at Econ4, a new site aimed at popular economics education. As of Nov. 27, the statement had gotten more than 220 signatures.
Populist anger — whether from the left or from the right — typically challenges conventional wisdom. In a startling opinion piece recently published in The Wall Street Journal, Sarah Palin urges the Occupy protesters to realize that Washington politicians have been “Occupying Wall Street” long before anyone pitched a tent in Zuccotti Park.
So how can we solve throughout the economic crisis? 
GDP equality could be one of the solutions to the concerns.

Italy's Labor Pains

Italy, what's happened to all of its defending champions?

If you want to know which of Italy’s many problems is the most daunting, look no further than the first sentence of its constitution, written in 1947, which describes the country as “a democratic republic, founded on labor.” That foundation has begun to crumble. Italy’s economy can no longer afford the generous benefits it showered on its workers in the 1960s, when the country grew 5 percent to 6 percent a year.
How serious is the labor issue? The laws are so unclear that many dismissals of workers end up in the country’s dysfunctional court system, where if a judge decides a worker was let go unfairly, he will likely rule that the employer has to reinstate him with back pay for the time he was gone.
Italian work contracts are negotiated nationally. Union leaders and employer federations set pay scales, benefits packages, and employment conditions for entire classes of workers—metal mechanics, textile laborers, construction workers, journalists, even maids and nannies. Workers—especially public employees—are guaranteed the same wage wherever they live.
The result is crippling. The World Economic Forum ranks Italy 123rd out of 142 countries in the efficiency of its labor market. Employers are robbed of their ability to innovate, from experimenting with hours of operations to introducing new forms of wage structures.
Another way for a worker or small entrepreneur to avoid becoming entangled in red tape is to opt out of the formal economy altogether. Anywhere from 15 percent to 27 percent of economic activity is underground, according to the Organization for Economic Cooperation and Development and the International Monetary Fund.

As long as Europe and the U.S. held a technological edge over the developing world, Italian companies could afford some inefficiencies. Globalization now means a worker in Warsaw or Shenzhen is just as likely to be sitting at a modern workstation as his counterpart in Detroit or Torino. If Italy wants its workers to be paid more than those in emerging markets, it can’t afford a frozen labor market.
Newly appointed Prime Minister Mario Monti must reform a country where free-market ideas don’t have a political base. There is one way to build public support for change. Italy supports a class of workers who, though universally despised, are the most pampered in the country. That is the bad part about Italy, and they should get their attention straight on ITALY.
So from my suggestion maybe  Italy should make their new point of equilibrium and adjust their economic crisis to their new point , and arrange it.

Getting to Elasticity

Elasticity

 1.) Elasticity

What is an Elasticity in Economic Definitions?

Elasticity is the measure of responsiveness. It will measure how much something changes when there is a change in one of the factors that determines it. 

3 Elasticities of demand to consider: 

price elasticity of demand [PED]

cross Elasticity od Demand[XED]

income elasticity of demand[YED]

How Does it Work?

The price elasticity of demand is a measure of how much the quantity demanded of a product changes when there is a change in the price of the product. 

In the PED there are two extreme values, when the PED is equal to zero and when the value is infinity.

When the PED equals to zero, then a change in the price of a product will have no effect on the quantity demanded at all, and when it is infinity it is a perfectly elastic in price. 

Also there are inelastic demand and elastic demand, the inelastic demand is less than one and greater than zero, and the elastic demand is greater than one and less than infinity. Also there is the unit elastic demand when it is equal to one. 

In the PED there are determinants: the number and closeness of substitutes/ the necessity of the product and how widely the product is defined/ and the time period considered. 

2.) Example

So there is a company that produces pillows, and lowers the price of the pillows from $5 to $4.50 and finds that the weekly quantity demanded of the pillows increases from 1000 to 1500. 

The PED= 5%

The total Revenue rises by: $1750

So if the total revenue decreases the interests of the population will decrease.

The 1 Bank Fee that Fell Flat

Still in Crisis? 

From the following weeks there has been a huge amount of dept,mainly from the Bank of America. However, no t only the Bank of America surrendered from the dept, other several Banks surrendered from the dept.

So What Do We Do Now?

You can evade the monthly checking free in several ways: bank where your mortgage is, use direct deposit, or meet balance minimums in deposit or investment accounts. But since interest rates on savings average 0.2%, it doesn't make sense to put thousands of dollars in the bank just to save 10 bucks a month.

Also get your savings from your savings in the new year. And try credit unions or online banks: They're busily marketing services they can offer gratis thanks to lower overhead.

From this article I felt that the economic crisis is not over yet, and these economic crisis will depend on the amount of price and quantity supply and demand it affects the social media and the whole world. In order to find the new solution I think we should find the new equilibrium point of the economic point and solve the way out from the depths.  

Supply and Demand and the Stock Market

Stock Market Alert!

What is a Stock?

"The law of supply and demand is more important than all the analyst opinions on Wall Street." 

-William J. O'Neil-

Stock, what is a stock?, it is a partial ownership of a business or company. Companies typically start their business as a private venture. So when are the stocks used in companies? When companies are in need to raise money for their benefit, they often sell part of their business for to the public. With the buyers and sellers in the market buyers come and ask for a specific price and a specific number of shares so that they can have nice circulating cycle of stocking with other companies. However, not all the shares that the company is allowed to issue are sold. So these shares are called the public float. And the shares in treasury are not traded and do not affect the supply and demand for a company's stock. But the company reserves the right to sell some or all of these shares in the future through another public offering. In some companies these business' are called thinly traded. They may go days without any transactions taking place. Also called as illiquid. Others are heavily traded. Major corporations fall into this category and the reason is that the companies usually can not opt to buy or sell "at the market," meaning they have to accurate about the stock trading rules. To conclude in the definition of stocking in the are of economics in the real world, supply and demand are felt in the stock market in a very real bidding war by buyers and sellers negotiating transactions. So the key to success is to understand the flow of economics.
The Economics of the Stock Market
Basically, the image of the stock is determined by the ability the company has to bring for their benefits. However, the process of bringing forth benefit to one's company is very difficult and it has different and changed opinions that change the stock prices and allow companies to consider buy or selling their products. These process have same laws in demand and supply. Therefore, if the supply goes up (shifts to the right), the value of the stock will fall, all other things being equal. If the supply drops, the price goes up. On the other hand, when the stocks become more attractive to investors the demand increases, and when the investors lose interest, the demand falls and so do the prices.
There are some factors in that affect the supply and demand for stocks:

Supply

1. If a new share offering is conducted to raise additional capital, this increases the supply of shares on the market.
2. If employee stock options are granted, this has the potential to increase the supply of shares when the options are exercised.
3. If a company has a stock split, this increases the supply of shares on the market.
4. If a company buys back its shares and cancels them (called a normal course issuer bid), the supply of shares decreases.
5. If a major shareholder liquidates a major portion of his or her personal shares, this has the effect of increasing the supply of shares on the market, though strictly speaking, these shares were already part of the public float.

Demand

1. Demand for a stock is affected by a number of factors:If profits reported are greater than expected, demand increases.
2. If profits reported are less than expected, demand decreases.
3. If the company is not profitable, expectations of profit are what drives demand.
4. Sales are also drivers of demand. Important new contracts will send demand up while shortfalls in sales will send demand down.
5. The company’s debt load can affect demand. If the company takes on too much debt, demand could fall if the public believes the debt to be unmanageable.
6. News about a company can change the demand for its shares. Good news increases demand. Bad news lowers demand. 
7. Mass psychology can play a huge role in demand. Individual stocks as well as whole markets can move quickly if there is a general belief among investors that the stock or the market will go up or down even if there is no rational basis for such movement. Extreme movements to the upside are called bubbles. Extreme movements to the downside are called panic selling.
8. Mass psychology is characterized by the concepts of fear and greed. These can be augmented by real life events unrelated to the market. 

An interesting fact is that every change in price and volume represent shifts in supply and demand and the setting of new equilibrium levels. Through these new equilibrium levels it tells the companies the great deals about the make-up of the mass of buyers and sellers in a particular stock market. But why do they change? it is because the buyers and sellers themselves are also a factor in a mix. 

Zynga's Stock "Scandal"

ZYNGA  and CityVille

In the journal called "The Wall Street Journal," Zynga pasted the front-page as his story. A social gaming company called the farm-ville are giving up their previous-granted stock. In this article Zynga states that he does not want to harm the WSJ, but just clarify the misunderstood  conclusion from the wall street journal. So the main problem Zynga had to deal with was the stock option grants given to early Zynga employees. There were no promise as to what the shares may ultimately be worth, but start-up employees were optimistic bunch that often left higher-salaried jobs with more established companies. Once an employee's options vest, he or she is generally entitled to keep them whether or not they remain employees. However, in Zynga they like to do it in a different way. rather than firing under performing employees and handing unvested options to the replacement Zynga likes to find other positions that the employees would be pleased with and remove their position. At Zynga it seems that Pincus intents on retaining talent, even if that talent either didn't live up to initial expectations or didn't adequately match up to the changing needs of a fast-growing company. Zynga is a company that organizes by its' product groups, and such products have easily measured metrics. However, as a final point, Zynga could be accepted as a moral business. This kind of buisiness depands on the technology , or the population of the  shifting supply in the curve.

Greece in dept

But Greece could be only the beginning. Investors now have to wonder if citizens of other European nations will also pull their support for the deal -- which could essentially amount to the unraveling of the euro zone as we know it."This is far more serious than the bank contagion that we are trying desperately to avoid. If a Greek referendum prevails, it's hard to imagine there not being calls for similar votes in other European nations," said Daniel Alpert, managing director of Westwood Capital, an investment bank in New York.You'll notice that the word "if" is sprinkled throughout many of the quotes. And that's the big problem. All that investors can do at this point is guess about what the future holds for Europe. That's a heck of a lot more terrifying than anything you probably saw on Halloween yesterday. Heighway said he's hopeful that Greek voters will not undo last week's deal. But that isn't comforting investors yet. The euro was below $1.37 against the dollar Tuesday and Heighway said the next key level to watch is $1.35. If the euro falls below that, who knows how much more it will drop? "Uncertainty is the word of the year. I hate to beat it to death. But it's impossible to say what's next," Heighway said. ( Demand and Surprise decrease Equilibrium)

Bankruptcy

 HARRISBURG IN TROUBLE

Harrisburg, Pennsylvania voted on the protection of the bankruptcy. However, during the process several important figures called that the action was illegal. In order to protect the bankruptcy, there was no way to protect it because it was against the law to protect. The State Senator Jeffrey Piccola said "Rather than wasting precious time on illegal filings and engaging expensive attorneys, the majority of city council should be...working with the mayor and the commonwealth to resolve this crisis."
Nevertheless, these oppositions there were people arguing that the council does not have the authority to file for the bankruptcy. The ratio of the vote was 4 to 3 which was beneficial for the council.
It says that the city of Harrisburg maintains an amount of huge debts looking at the history. That is why this has became a battle against the council and the citizens. 
The state ordered Harrisburg to solve with the problem of the debt, but they rejected it. That is why they are starting a new senate vote in the state of Pennsylvania. The taxpayers of the city will soon reach the saturation level in what they can pay," wrote the council members in the column.This brings up the subjects in Economy. In class we learned that demand and supply curve shifts are occurred by several reasons. And in this article it shows one reason which is the debt of a state. Through the debt, Pennsylvania will have a huge amount of decrease in every other of their supplies and demands. This will give a huge impact to the states citizens, and effect the economic matters of the state, which will be an issue of th America to solve.

The Magician of the Silicon Valley

This is not an article,but it is a video about Steve Jobs. This article talks about the opportunities the Silicon Valley produced throughout the efforts of Steve Jobs. It says that he was the magician of the Silicon Valley. Throughout the video it explains that Steve Jobs also had slumps that resulted into one of the worst CEO, but later on something transformed his life, and he became one of the best CEO's in the world. In his life time the greatest things that happened to Steve Jobs was the speech he gave in the Stanford University. However throughout his producing it showed a lot of features about the economic part.
The law of supply and the law of demand were shown throughout his producing. If the device of the product went of the demand for the product goes up, and several other factors such as technology, other products costs showed a shift in the graph of supply and demand curves. This shows the significance of the products popularity.

Amazon is likely losing $50 per Kindle Fire

Amazon, who displayed a Kindle Fire, which is a material similar to the Apple's Ipad is actually one of the competitors of the Ipad. They say that it is more competitive than they anticipated. However, there are some negatives that effect the decreased income of the Kindle Fires, but it is actually a slowly increasing their income for this material. when they made they informed that it has positive sides than the Apple. Alternatively, Amazon focuses on a product with superior content delivery; the company is leveraging its wide range of content assets available for sale in conjunction with its Cloud Services product for world class, mobile, digital delivery. The CEO of the company Amazon states that they will probably have the chance of winning the numbers of products apple sells.
From this topic I learned the basic concept of the law of demand and supply, but through this topic I think I noticed the competitive law of supply of demand. Explaining the number of quantities they sell depends on the number of  quantities of the other companies incomes. I don't know if this is one of the laws that is existing, but I feel like it will be one of the laws in the existing economy.
As I said above this topic relates to the law of demand meaning the more people buy the product the more the prices will go up following by the competing companies. This theory also states the CETERIS PARIBUS, which means all  other things be equal.

Laws in Economy

Supply and Demand is an economic model of a price determination in a market. 
There are four basic laws of supply and demand:
If demand increases and supply remains unchanged, then it leads to higher equilibrium price and quantity.


The law of supply is used everywhere in the world. For example, if the income of the apples are huge, the producing supply of the apple will increase also. It gives benefit to the society in life cycle. 


However, if people suddenly stops buying apples, then the income will decrease and also the producing number of apples will also decrease. This is the law of Demand. It is a law that states that consumers buy more of a good when its price decreases and a less when its price increases ( also known as Ceteris Paribus).

Two more important theories are left, which are Veblen, andGIffen goods. Veblen goods are goods that are perceived to be exclusive as long as prices remain high or increase. For example, high-status items such as luxury cars, expensive shoes or pricey watches remain appealing to certain cosumers as long as prices remain high or increase.

Giffen goods is an extreme type of inferior good. An example of Giffen good can be bread being still the cheapest food which they can get and will take, they consume more, and not less or it.

Demand, Supply and the Price of Oil

World & OIL

Due to the global economic downturn, and OPEC's decision of maintaining output at current levels increased the price of the oil. According to the article, it says that by the end of the year, a barrel of oil will cost about 75~80 dollars. However, it also notes that, "The price rise is a function of optimism that better things are coming in the future." Meaning Despite the price of oils increasing, there will be better materials to replace oils in the future. There are some cases where the price of oil has been blocked due to the economic crisis. Also the price of the oil may go down because of the shortage of oil storage. Therefore, when there is no place to store oils, people won't buy oils, and the price of the oil may decrease. However, oil investors have been searching for new oil wells, or develop old oil wells. By the time recession, which was blocking the oil price to increase, depletes the oil prices will once again rise. Nevertheless, the good news is the oil prices will be kept at an average, even though the price elaborate.  

ECONOMY

An economy consists of the economic system of a country or other area; the labor, capital and land resources; and the the manufacturing, trade, distribution, and consumption of goods and services of that area. An economy may also be described as a spatially limited and social network where goods and services are exchanged according to demand and supply between participants by barter or a medium of exchange with a credit or debit value accepted within the network.


The reason why I am studying Economy is because I chose this subject this subject will give a helping hand to my future life and job, to communicate with people and the money.