Economics 1st Hour

This article talks about how people are now afraid to put their money into stocks because they feel as if they are losing more money. People are trying to avoid stock markets and put their money into bonds instead.Stock mutual funds have had outflows in most of the weeks of 2012. Last week was the 14th week in a row when people took money out of stocks. Investors put money in their stock mutual fund holdings during 6 out of 42 weeks this year.

Our class is without a doubt very opinionated, especially when it comes to the presidential election. Now, I for one is not very politically active, and though I understand many concept spoken in class, I was still missing out on a few stuff I'm sure. This article is definitely helpful for those like me, and I also thought it was pretty neat to have fact checked the many things said and argued in class, and found them to be true hahahah~

The article illustrates the need for to stop using oil and finding new sources of energy. The main idea is that Canada has provided oil to the US for many years. Canadians wanted to to have a pipeline run from their country to Texas, but the US environment lobby has been able to deny this causing many people to not have a job. The environmentalists have been saying that the pipeline would destroy sensitive land and that they should be looking for ways to produce renewable resources.

The article is about how the confidence index rate of consumers has increased since September. Causes of the increased confidence showed to be from mainly the job market. Other factors that added to the increase were gas prices and the housing market. It says that the consumers will face substantial challenges and the rising index will begin to fade.

This article is about how investors in America are worried about their stocks and other things they invest in if Mitt Romney wins this years presidential election. It pertains to economics because it has to do with the money in our country and the people who put their money into different investments. If they are worried about it then we should be worried. That is my opinion.

This article explains the dangers of keeping floor trading closed for a few days. The stock market has been closed for three days due to Hurricane Sandy and there has been employees diligently working on the systems, during the storm, so they could open it safely. Luckily, the building was not damaged thanks to all of the hardworking employees.

This article basically explains the whole automotive bailout situation as well as how it was actually beneficial for Mitt Romney and his wife, which probably includes his family as well.This pertains to economics because the automotive industry impacts the economy worldwide. They make millions of vehicles every year as well as employ millions.

@CNNMoney October 25, 2012: 6:56 AM ET The UK's service industry, which accounts for over 75% of GDP, registered growth of 1.3% in the quarter. LONDON (CNNMoney) -- Britain emerged from recession in the third quarter, recording stronger than expected growth of 1% as the London Olympics gave a boost to activity in the service sector.

The US expanded at a 2% growth rate more than forecast. The reason it expanded was because people have more consumer confidence. The people feel that the economy is growing. Also, lower gas prices, increased housing market, and a drop in unemployment are boasting their confidence. More people are buying ipads and consumer wants, making the growth rate increase.

LAGOS (Nigeria) - Royal Dutch Shell warned today that it would not be able to make its estimated production for two types of oil pumped from Nigeria, largely blaming attacks on its pipelines by thieves wanting to steal crude. I think this article will serve as a foreshadow to an upcoming gas price increase for shell. Being that Shell provides oil barrels a day to the U.S, this little shortage might just affect us more than anything, especially since a lot of us here in Michigan are car owners.

This article is about another iPad invention in the Apple Inc., set to be released on October 23rd, just in time for holiday shopping. The new iPad is set up to be a much smaller iPad, some saying like the Kindle. Sales for the new iPad will be about in between 3 million to 10 million in units. Though we don't know what the new iPad will provide, the event on the 23rd will also announce other new inventions coming out next year.

What this shows is kind of something we all knew to be true, but now it's confirmed. As you see the average yearly income of the person goes up, so does their "confidence meter". It's interesting to see all people, regardless of income dipped down by as much as 100 "confident points" during the year 2007.

Google accidentally released their third quarter earnings early. Google's stock fell 9%. All of their numbers for sales and profit were lower than analysts expected. Earnings per share were lower than analysts expected; it only came in at $9.03 instead of the expected $10.65. Also, the amount of money Google's advertising partners pay per click went down 15%. Despite this, sales did rise 45% over the year.