In this fascinating read, you will discover that not only the rich and middle class are targeted for money scams but the homeless are also! How horrible! The article talks about how people will pay a homeless person to take out cell phone contracts and get subsidized phones, and these cost about $100 for a phone that is worth $600 or more. Once the person gets the phone, they leave the homeless person alone and sell the phone to someone else online or on the streets. The homeless person receives hardly any profit. They actually continue to be in debt because the phone is in their name so all of the bills end up being in their name and when they fail to pay, credit is destroyed. This is absolutely horrible! I have never heard of such a cold, heartless scam before. This is basically kicking these people while they are down. These people already have so much heartbreak in their life. They need someone in their life to actually get them off the streets and into a safe place. These people in charge of the scams should feel nothing but shame. It seems like in the beginning they are trying to help them by getting them a phone so they can contact family or loved ones to let them stay but in the end they just end up pulling the rug from underneath them. Not only does this hurt the person, but also the phone companies. The people making the phones for the regular price are not receiving their fair profit. The sales will decrease, then the company can face shutdown or bankruptcy. In the end, it appears as if no one wins from this scam. I definitely think this article should be read and used to educate people that anyone could be the next victim of a identity scam.
Thursday, February 27, 2014
Thursday, February 20, 2014
Walmart
This week in my wonderful Economics class, we have been discussing WALMART! We have been discussing the positives and negatives of this store. We have learned that Walmart is one of the most successful chain stores in the world and is run by the Walton family. We also have learned many disapproving actions Walmart has done, including causing many small businesses to close, take up a lot of space and never ending expanding. I always shop at Walmart every weekend so learning about the horrible things about Walmart made me think twice about it. It really made me think of all the small businesses it was responsible for closing and how there always seems to be another Walmart not to far from it. The activity we did today in class was deciding whether or not Weserville needs a Walmart. I was surprised and happy when the decision to get one was approved! I really do think it will do great things for Weserville. Even if people are just passing through, they can look at the Walmart and remember if they are ever in this area again they can go there. Also, many people, like myself included, lost their job due to Walmart. As a mother of 3, who is only renting her house and having to have my mother in law live with me, a Walmart will be very convenient for me. I can pick up my groceries, kids and mother in laws medicine, and other necessities at one place! Thanks to the low prices, I do not have to worry about getting another job so soon. Hopefully I will be able to get a job at Walmart so I can even get more discounts! I think it does great business for Weserville too! It might close down the mini mart but Walmart is bigger and able to attract more people. Plus, our neighbors from the other town can come and shop here too! I think it is a win-win situation from everyone's point of view. Even the mini mart workers have a new job!
Thursday, February 13, 2014
Book Store!
This week in the wonderful class known as Economics was filled with many fun activities, including watching a film on McDonald's and how it became the most popular fast food choice, deciding what business is right for Weserville (etc.) but we now understand businesses would not be here if it was not for two very important things known as incentives and the circular flow model. An incentive is something that motivates a particular course of action, it is also a benefit offered to encourage people to act in a specific way. Incentives are very important to think of while running a business. They are what motivates people to get the job done. For example, in order to get good grades, I must work hard. The good grades would be my incentive. In a business, it is important to think of the things that will benefit not only the person running the company but also the workers (etc.). The circular flow model helps us understand how a business works by showing us where the money goes and the factors important to run the business. To fully understand these concepts, we had to decide what business would be good for the Weserville and create a list of incentives for everyone involved and our own businesses circular flow model. The group I worked in decided that Weserville needs a bookstore. A bookstore is very important for everyone! Many people in Weserville are unemployed and do not have college degrees. Well, in order to work at a bookstore, you do not need a college degree, just show your love and passion for books! Our collection would include many classic historical novels, mathematical books, every kind of book for each individual! When someone reads a lot, they tend to become more articulate and increase their knowledge of the world. Weserville could become even more smart from the book store! Also, we would have a little coffee shop area so you can come in and read and relax for as long as you want! Countless incentives from this little business! It would be a splendiferous choice to choose this business!
Thursday, February 6, 2014
6 February, 2014 Marx and Smith
Camille Gross
Reflective Blog
This week in class we discussed Karl Marx and Adam Smith. We did a very fun activity where two people had to act as Marx or Adam and what they would be like if they ever met. We also had to think about what they would do to fix the economy in other countries and in Weserville. Doing this activity really helped to understand the brilliant minds of Marx and Smith, the numerous ways to help damaged economies, and understand the differences between market and command economies. They were both very intellectual men but with very different feelings about the economy and it was so fascinating to learn about there views. The activity was very helpful in understanding their reasoning behind their views.
Reading about both of Marx and Smith's views, I would have to agree more with Smith. I approve more of a market economy because producers and consumers are the ones who really should be making their own decisions. Producers are the ones who are making the item and they should be allowed to choose who they want or do not want to sell it to. We live in a market economy and we are very use to living like this with so much freedom and it is very hard to understand what it is like in a command economy when we do not even know what that experience is like. It is hard to imagine living without the freedom to choose who to sell products to and having someone make all the huge decisions for you.
Reflective Blog
This week in class we discussed Karl Marx and Adam Smith. We did a very fun activity where two people had to act as Marx or Adam and what they would be like if they ever met. We also had to think about what they would do to fix the economy in other countries and in Weserville. Doing this activity really helped to understand the brilliant minds of Marx and Smith, the numerous ways to help damaged economies, and understand the differences between market and command economies. They were both very intellectual men but with very different feelings about the economy and it was so fascinating to learn about there views. The activity was very helpful in understanding their reasoning behind their views.
Reading about both of Marx and Smith's views, I would have to agree more with Smith. I approve more of a market economy because producers and consumers are the ones who really should be making their own decisions. Producers are the ones who are making the item and they should be allowed to choose who they want or do not want to sell it to. We live in a market economy and we are very use to living like this with so much freedom and it is very hard to understand what it is like in a command economy when we do not even know what that experience is like. It is hard to imagine living without the freedom to choose who to sell products to and having someone make all the huge decisions for you.
Tuesday, February 4, 2014
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