Monday, November 7, 2011
Sunday, November 6, 2011
LSU takes it home!!! After a long fought game battled between two best teams in the nation No.1 Lsu and No.2 Alabama, Lsu wins with a kicked field goal with 1 second on the game clock. Not only was it a defensive game but a dogfight to see who wanted it more. Neither team scored a touchdown throughout the entire game. The score was 9-6, and this win by Lsu now moves into the driver’s seat to play in the Allstate BCS National Championship Game. I guess those expensive tickets were worth it after all. Although both teams only have two pretty good SEC teams to play I still don’t think its safe to say that Lsu is the best team in the SEC. But I do think the SEC is the strongest conference in college football and Lsu is ranked No.1, I still feel that on any given day Lsu can be defeated if they don’t stay focused and remember why they’re ranked No.1.
Friday, November 4, 2011
Apple creating the iphone, ipod, and ipad are just some of the many miracle products that Steve Jobs left for the United States and world consumers over the last 30 years. Steve Jobs’s first success was the original Macintosh computer. He had a vision in the early 1980’s of all people owning their own computer, which helped him create user-friendly software. Steve Jobs understood the concept of supply and demand in the free market economy. In other words, with little or no government control, buyers and sellers transact freely. This helps develop unique innovated products that are one of a kind. Steve Jobs understanding of the free markets helped him become one of the richest men in the world. Steve Jobs’s understanding of development was a key factor to his success. The iPhone series just came out with the iPhone 4s, which Steve Jobs knew that all iPhone users would be anxious to upgrade to the latest and greatest. His market driven strategy is to be exclusive with his products and feed the free markets with technology. The U.S. is a technology-based society and it has been fueled throughout the years by Steve Jobs’s creativity.
During the last three years, the government has been very involved in regulation of our financial institutions. It has really been a factor in the U.S. slowed economy. This situation all started by the U.S. government under regulated, the financial institutions back in the late 1990’s. The goal of the U.S. administration at that time wanted to create more home mortgages through the financial institutions, Freddie Mac and Fannie Mae. During the time from 1997 to 2008 Freddie Mac and Fannie Mae created loans to consumers that were under regulated. What this means, is that unqualified and unsecured loans were approved to hundreds of thousands of people. The types of loans that were created were interest only and three-year rate change. Consumers had low payments initially and over time the monthly payments increased. The homeowner cannot afford the increased rate and eventually was forced into foreclosure and bankruptcy. All of this was a huge factor of the start to the housing bubble and financial crisis in 2008. Deregulation started this mess, Freddie Mac and Fannie Mae created more under qualified loans that really triggered the world financial crisis. Since 2008, the U.S. government has changed the regulations to the extreme of slowing the bank financing into the U.S. economy. In conclusion, Freddie Mac and Fannie Mae received a government bail out in 2008 and 2009 for their idiotic mistakes during the years 1997 to 2008. There is no way that any executives from these institutions should receive any type of bonus until all the money has been paid back to the U.S. government.