Friday, September 27, 2013

Today in Weserville the citizens gathered in the town hall to watch a movie about how Nike Shoes made itself the most dominate shoe producer in the world. In their commercials they use the biggest stars in basketball, and the biggest movie stars. The Nike shoe sells for hundreds of dollars and their main store is in New York. Nike started many years ago with the idea of a college guy selling shoes out of the back of a van.
Yesterday in Weserville the citizens were requested to participate in a friendly game. This game was called Budget hero in this game we were supposed to balance an  economy, we did this by applying different taxes, adding funding to different aspects of the budget and by cutting funding to different parts of life. Very few people were able to balance their budget but Mrs. Weser was able to balance her economy out and her budget lasted until 2039. This game taught us that trying to balance a budget is pretty hard and isn't a walk in the park.

Thursday, September 26, 2013

Another Issue that is looming on the horizon is the Budget Shutdown. If the budget shutdown actually happens then the economic recovery for the U.S will crash. The first day to watch for a change in the Government is Oct. 1st when a large chunk of President's Obama's health care act takes effect. Also on this day they will apply spending cuts all across the board. Now there is a date known as the "X" Date that exists somewhere in the middle of October, on this day the government will not have enough money to pay off its bills in time if Congress does not raise the federal debt limit. If this happens then there will be a government shutdown.
Recently in the meat world Smithfield Foods one of the largest pork producers which has a factory here in Va. They sold their company for $4.7 billion, they were bought by Shuanghui International which is based out of China. When this sale happened many Americans said they would boycott Smithfield and or go vegan but there are too many people that will continue to buy from them so their sales will not be affected at all.