11/21/13 Current Event

Have you heard about the new hundred-dollar bill?  It is new and improved with added security features.  The security thread to the left of Benjamin Franklin's head has the letters USA and 100 on it that can be seen when held to the light.  A 3-D security ribbon above Benjamin Franklin's left shoulder has a the Liberty Bell that changes to 100s when tilted back and forth and up and down when tilted from side to side.The Liberty Bell is also in the inkwell and changes from copper to green when tilted.  The quill used to sign the Declaration of Independence and phrases from it are present on the right side of the bill.  The engraving process includes the effects of raised printing for the first time giving it a unique texture.  Theis new bill will increase the difficulty for counterfitters to reproduce the bill.  We watched a video in class this week on how money is made.  The new hundred dollar bill is upping the ante for security standards.

All of the terrific information put forward in this fantastic blog were mined from the miraculous dark depths of my genius and the website http://www.usatoday.com/story/money/business/2013/10/07/100-dollar-bill/2936097/?scrlybrkr=3af3eced.

By the way, try to figure out this cynical conundrum.
Three guests check into a hotel room. The clerk says the bill is $30, so each guest pays $10. Later the clerk realizes the bill should only be $25. To rectify this, he gives the bellhop $5 to return to the guests. On the way to the room, the bellhop realizes that he cannot divide the money equally. As the guests didn't know the total of the revised bill, the bellhop decides to just give each guest $1 and keep $2 for himself. Each guest got $1 back: so now each guest only paid $9; bringing the total paid to $27. The bellhop has $2. And $27 + $2 = $29 so, if the guests originally handed over $30, what happened to the remaining $1?

This radical riddle is from my marvelous memory and the website http://en.wikipedia.org/wiki/Missing_dollar_riddle?scrlybrkr=9c7f19b6.

11/6/13 Current Event

This week we have taken notes on measuring economic activity with G.D.P. and business cycles with its four stages and what caused the Great Depression.  G.D.P. stands for gross domestic product.  It is the market value of all final goods and services produced within a given period.  A good or service must be a final good, be produced during the time period, and be produced within a nation's borders.       Read this blog.                          I think you'll like it.                                              We figure the G.D.P. because it is an indicator of how well the economy is doing. The business cycle is always rising or declining on its way to the other. We go through times of prosperity, recession, depression, and recovery. Today we are thought to be going into a stage of recovery. The Great Depression was, as the name tells, a depression. Caused by farmers going into debt from buying mechanical utilities for farming and America's weak banking system, it was a time of worldwide economic depression from October 29, 1929 to 1933.

By the way, the cross country states meet is this Friday.  The entire team would love to be safe and win.  Please keep us in your prayers.  Have fun watching the Shark Tank episode or whatever you do.

Why do melons always have big weddings?                                                

I obtained all of the information on this page from my brain and my notes from Ms. Weser's economics class.