Minimum Wage gets a raise! (possibly)

In an economy where some people are living paycheck to paycheck, people don't spend very much because they're make minimum wage. There’s a demand for more jobs, but there’s also a demand to better the economy. The Government wants people to spend more money so that it’ll boost the economy, but for those with families and  living on a low income, spending money is just out of the question. The only way for the economy to get the boost it needs is to raise minimum wage so that the lower class economy will spend more. Also raising minimum wage will help the poverty rate decrease. Raising minimum wage might cause a disturbance with some owners but there's no need to worry. Some owners might not hire more people to make up for the raised paychecks but a study done by Alan Krueger proves that raising minimum wage had no effect on the business itself. 
So this means that the Government might make businesses' raise minimum to help fix the economy.
(If they do decide to raise worker's paycheck, they should start with raising teacher's salaries!)

Falling Oil Prices

Oil prices are continuing to fall to their lowest amounts in recent months and consumers are beginning to feel relief at the pump. Although, viewing the current prices from a historical perspective, the price of gasoline is still quite high. The lower gas prices means more money in the consumer’s pockets and, in turn, more income available to spend on other products. Gasoline prices usually follow the reduction in oil prices and recently, the national average has fallen to $3.56. The trend is expected to continue with an additional .09 in the next few weeks. Economists state that for every $1 decline in oil price, the average American consumer has an additional $3 billion to spend, save or pay down debt. Does more spending lead to a rise in the economic outlook? You would think so; however, sometimes low gas prices are linked to a weakening in the economy and should not be seen as a positive indicator of an economic recovery. As a matter of fact, experts attribute the recent drop in oil prices to several factors that include the political climate in Washington, the S$P downgrade and the debt crisis in Europe. As these factors continue without resolution, oil traders expect the demand for oil and gasoline to fall. The declines we are currently experiencing are an indication of trouble ahead and could be a sign of a pretty sick economy. Lower oil and gas prices are an automatic response to the prospect of worse times and paint a bleak economic outlook. If the trend continues, uncertainty will prevail within the American public, which will flow over into the business sector. It becomes a vicious circle: businesses will cease hiring, consumers will cease buying products, investors will cease investing in stocks, and the economy will slow down even further. As the article aptly states, “…be careful what you wish for.”

Making Own Make-ups?

Makeups are like clothes to some people, they will always be needed all the time. Doing make-up for an American girl isn't a big deal,but what about making your own make-ups?

So, there is a number of creative teenage girls doing makeup videos to teach people "how to do"

On the markets, there are more than more brands about different product, and they are most of the time expensive. Making it yourself can help a lot of girls who can't afford the make up they want. It might not help to move the economy cycles,but it is a good way for society to have new ideas from new generations. Perhaps, the business companies can learn some important things from those girls and make the makeup on markets work better for more people. But before trying to start making our own "brands" ,we need to make sure the new product we are making is skin harmless. We don't want to risk anything like our faces.

But,it is a really good idea to make our own stuff that we like. learning new stuff is always good for our economy, it might be one less mistake economy will make, or one more step towards the success. We need more people to get inspirations from.

Corn.

My family and I took a trip this summer up to Boston, NYC and Chicago, and on the way from city to city we seemed to always see ENDLESS CORN. Why? Well we could blame the food companies putting corn in all their products, leading to demand of more corn, but that's not right. it is government subsidies that encourage corn for ethanol that are responsible. Whole farms are dedicated to the production of ethanol corn, and so much of it is in production, it decreases the production of food corn and increases the cost of food products that were previously grown on fields not dedicated to ethanol corn. Because of this, the price of all foods have gone up, and not just corn.

Is There Any Relief In Sight For Texas?

One man’s disaster is another man’s wish. While Hurricane Irene brought devastating flooding to the Eastern part of the nation, Texas has been suffering the worst drought in history. The record temperatures have stretched over extended periods, making this one of the hottest and driest summers since records have been kept in the last 150 years. While the flooding on the east coast has created an economic impact, it may be of shorter duration that the drought. The drought has affected major components of the food industry, and will take years to recover. Just in Texas, half of the normal cotton crop has been lost, which accounts for fifty five percent of the total U.S. crop. As a major exporter to other nations, the drought will drive the price of cotton higher, and there will be higher costs in the textile industry. Another area affected is the cattle industry. Due to the drought, ranchers can no longer depend on natural grazing lands to feed their stock. The drought has also led to the loss of the state’s hay crop, increasing the cost to ranchers, which forces them to sell off the stock they can no longer afford and in the process, are losing valuable breeding stock. As stated in the article, rebuilding herds will take time and be a long, expensive process. That will impact the price of beef for years to come. And as bad news runs in threes, the final blow will be in the fall wheat production. With lower than normal rainfall and high temperatures the ground is in less than ideal conditions to support any type of crop. Two of the states affected produce around a third of the nation’s winter wheat and a less than abundant crop will, as economists predict, cause a 50% increase in price. With losses already estimated at five billion and no relief in sight, the drought will make its impact felt in the most vulnerable area, the pocketbook.