Marggie's Economic Blog

US Trading deficit-getting better?

2007-06-05T16:54:00.000-07:00

The article "Rising Exports Putting Dent In Trade Gap" from the New York Times, refers about trade deficit and how trades all over the world are being handle, it informs that 500 companies are going to rely on generating more than 1/2 of their sales in foreign nations. A weak dollar can actually help the US economy and the trade deficit because it has became more expensive to buy for European countries.

How to save money

2007-06-05T16:46:00.000-07:00

The article More Advice Graduates Don’t Want to Hear by Damon Darlin in The New York Times gives information concerning good saving habits. We all know that once money is in our hands it just goes through our hands as sand, so in this article Darlin sayd that graduates should save 10% fo their income and never borrow money to pay for a depreciating asset. Also he mentioned to spot the lattemaniac, young people are getting realy adicted to them and lets face it, they could cost more than five bucks.You have to stop buying high tech technology. You could buy the high tech technology but you have to wait till the prices go down.

How does the government spends money?

2007-05-25T05:52:00.000-07:00

The Federal Government spends tax money on repairs for the city suppoedly and pay the people that are retired. I think that money go to welfare and medicaid. The Government spends the money in education, it pays off the debt the country has, health and human srvices, and the treasury.The taxes goes mostly to health plans or anything that has to do with medacine but only New York State. A lot of money goes in parks and jails because parks are for the community and you need to feed the people that are in jail.

Savings and Debt

2007-05-23T06:07:00.000-07:00

My reaction to the New York Times article:
Couple Learn the High Price of Easy Credit is shocking, because interest partically makes your debts impossible to pay them off. People get into bebt just by buying a house or any item when their interest are high. Finance charges cann be so dangerous because their interest rates are high and if you miss a payment you will get a fee and the interest rates increases even more.

Critique of GDP Podcast

2007-05-17T06:26:00.000-07:00

In economics class students were assigned to create a podcast about the Gross Domestic Product (GDP), students needed to answer a set of questions provided by Mr. Moloney, The podcast that i decided to review was Lissette's and Gisela's, I think that the podcast is well organized, it answers all the questions, with deep and thoughtfull answers.
The recording is pretty unstable the majorities of times, sometimes their voices are too low, also in some sentences I could tell that they were reading the infirmation from a piece of paper, but overall I liked it a lot, it very informatiove and it goes right to the point.
The images are well organized, they appeared when they are supposed to, they go together with the information.

Taxes - How Does The Government Get Money?

2007-05-17T06:23:00.000-07:00

Explain the different types of taxes Americans pay. How does the federal government get money? How about the state government? And how do local (city) governments get money? Make a chart and track all of the different ways Americans are taxed.

The different types of taxes Americans pay are: federal taxes, state taxes, and local taxes.
Federal Taxes: The actual amount of federal income tax that your business pays each year is determined partly by the type of legal entity you have created.
State Taxes:

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2007-02-12T06:00:00.001-08:00

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