60 Minutes

1. What is your opinion? And why? My opinion is that all of this is dumb. I dont understand why they should get to do something that is illegal to the public. They are people just like us and should not get special treatment just because of who they are.
2. What can you do about your opinion? And how can you make it count? As a teenager I can do nothing more than voice my opinion to others. It will only count to my peers and parents no one else.
3. What is insider trading? What was the information that caused Martha Stewart to go to prison? Insider trading is the trading of stocks using information that is not availible to the generally public. She was sentenced to five months in prison for insider trading. Her stock broker gave her some insider information about a company that she had more than 4,000 shares in. She sold mostly all of them to avoid losing alot of money.
4. What is Black Friday and when did it get its name? What is Cyber Monday? The day's name originated in Philidelphia, where it originally was used to describe the heavy and disruptive pedestrian and vehicle traffic which would occur on the day after Thanksgiving. Use of the term started before 1966. Cyber Monday is just like black friday but all of the sales are online instead of being in the stores.

Week 8

This week I bought two new stocks. They are Polaris Industries and Arctic Cat inc. I bought Polaris at 60 dollars a share and Arctic Cat at 20 dollars a share. I bought these two stocks because of the upcoming snowmobiling season. These companies are both major producers of snowmobiles and snowmobile parts. The competetors of Arctic Cat are Polaris, Honda, and Yamaha which is privatly heald. The competors of Polaris are Arctic Cat, Honda, and Yamaha. They both fit in the same sector recreational vehicles. I bought these both as trades I plan on selling them at the end of the winter.

Game Standards

3.2 Students formulate solutions to economic problems: In the game you have to buy more buisnesses to generate more money. For  your city you have to build windmills so that there is enough energy to power the buildings. You also have to build buildings that your people need.
3.1 Students explain how different systems are organized for production, distribution, and consumption of goods and services: The game has a system for increasing levels in the game. For example you have to have certain buildings and services availible before you can buy higher up buildings. Once you have certain buildings and people more items are available to you.
3.4 Students demonstrate an understanding of economic principles that influence individual financial planning: The game has money called counrty cents. You only get them for certain things and they are very valuable. You have to be careful when you are spending them because they are hard to get a hold of.
4.3: Students evaluate the impact of technology and how it has shaped history and influenced the modern world: There are taxis that run around and give people transportation. In the cities a long time ago they would have to walk to work. But now they have taxis, that has changed history in a way.
4.2: Students analyze current events to better understand the world in which they live: Right now in my city I am trying to build a post office. I am only waiting on one item which is tape. So at the moment that is the biggest current event that is happening in my city.

Candy Stock

 When I walked in it was dark and I saw a bunch of candy everywhere. There were videos playing on the screen which kind of gave us the feel as to what it is like for real.
 When he said go I just layed down and grabbed all the candy I could. Then I sat down and started seperating what I had gotten. I didnt really understand what i needed to trade so i looked at my candy and thought to myself what candy i liked and traded it that one way. I think I only made one trade.
 I basically just sat in my chair and listened to the videos. At the end when we counted all of our candy i realized that my stratagy probably wasnt the best! I made hardley and money. If I had it to do over i would definatly change the way i worked with things.

Vocab 7

Accounts Recieveable: The money that is owed to a buisness. With my buisness I want the accounts recievble to be much larger that the accounts payable.
Economic Index: An index of the economy. Everytime I look at my investments I am looking at an economic index.
Amoritize: Consolidating an paying off your debt. I would amoritize my debt so that I can consolidate it and can get it paid off faster.
Depriciation: When something goes down in value. As soon as you drive a brand new car off the lot the value of it depriciates.
Gross Margin: Profit divided by net sales. The gross margin fell this year because my profit was down. 

Week 7