1.Key points of the article include the economists’ negative views towards closure of the plant. Also, they include the already roof breaking unemployment percentages which will be hit even harder by the estimated 4700 layoffs due to closure of the Toyota plant.
2.The author believes that it is a bad idea to close the plant and on the contrary the plant should take on more business such as producing an extra Toyota model such as a hybrid. The author feels that it is a sign of disrespect from Toyota since California is the number one consumer state of Toyotas in the United States. I do agree with his opinion although I do also understand that the nation is indeed going through a recession which may also be greatly affecting Toyota as a business.
3.Toyota owes its respect and regards to California since it consumes about 18% of all Toyotas manufactured. It is a great part of the reason that Toyota is the wealthiest auto manufacturer in the world and should be considered more deeply in a situation such as closure of a large plant such as the one they plan to get rid of by the end of this month.
Monday, March 22, 2010
Wednesday, March 17, 2010
Classwork #6 3/17/10
1)what is the current interest rate on EE bonds purchased today?
According to savingbonds.com the current interest rate for EE bonds purchased November 1st 2009 to April 30th 2010 is 1.20%
2)Explain the advantages of purchasing bonds
The interest on EE saving bonds can be reportable for Federal income tax the year they are redeemed and the interest you earn is exempted from state and local taxes. When you purchase a bond your money is guaranteed to be safe as your investment is to the U.S. so as long as the country stands so does your money.
3)Which would you prefer to buy one I bond or one EE bond?
We would prefer to buy an I bond because I bonds are protected against inflation and in the current economic state that we are in, inflation is a threat. When you buy a $100 I bond it is valued at $100 whereas if you buy a $100 EE bond it is valued at $50.
4)Why must you wait until the bond matures before you redeem it?
You must wait until the bond matures because if you cash in a bond before five years you receive your money back but a three month penalty.
According to savingbonds.com the current interest rate for EE bonds purchased November 1st 2009 to April 30th 2010 is 1.20%
2)Explain the advantages of purchasing bonds
The interest on EE saving bonds can be reportable for Federal income tax the year they are redeemed and the interest you earn is exempted from state and local taxes. When you purchase a bond your money is guaranteed to be safe as your investment is to the U.S. so as long as the country stands so does your money.
3)Which would you prefer to buy one I bond or one EE bond?
We would prefer to buy an I bond because I bonds are protected against inflation and in the current economic state that we are in, inflation is a threat. When you buy a $100 I bond it is valued at $100 whereas if you buy a $100 EE bond it is valued at $50.
4)Why must you wait until the bond matures before you redeem it?
You must wait until the bond matures because if you cash in a bond before five years you receive your money back but a three month penalty.
Wednesday, March 10, 2010
Rachel Mindin - Blue Chip Stocks
According to Michael Brush, Coca Cola stocks will rise over 20% in the next year or two. Recent headlines about Coca Cola, claim that new flavors are soon to come out, putting Coca Cola on the market for energy drinks and flavored waters. Also, the company is now combining with Starbucks to offer a new coffee soda. New flavors mean the company will be taking a risk that can put them ahead of others in the economic world. However, because of the new soda tax to be out in effect soon, Coca Cola will soon be selling less soda. The price of shares will drastically drop not soon after the tax is placed. I would not purchase this stock because instead of making money on it, I'd be losing money when the tax would be put in effect. -Rachel Mindin C Band
Della Farrell 3/10/2010
Caterpillar Inc. is a corporation that provides construction, mining and farming equipment. They run through three departments the manufacturing the machinery, the manufacturing of engines and their financial operations such as CAT Insurance. Since March 2009 CAT stock has soared despite the recession. This week CAT has closed at 59.18 a dip in the high point of 60.34 that was seen in January yet better then the 33.99 that was seen in last June. But other then the month of June CAT was risen steadily and appears to be a stable investment with benefits. I believe investing in CAT is a safe but not profitable choice. Their stock appears to be conservative and in order to make any real money a person would have to invest an enormous sum of money. CAT doesn't really meet the ideal projection I had for my investments, it's too slow.
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