20% December

At first I was going to evaluate my success by getting a prototype made by the end of the semester, which is still a possibility, but I didn't realize how many small details went into this. I wis thinking of using wristify technology to keep kids cool, but thinking about it football is a very hard hitting sport with lots of contact and if one of those wristifys were to get broken they could possibly hurt the kid instead of help him. I thought I could protect it a shoulder pad but I just think the risk definetly out weighs the benefit on this one. Instead what I want to do now is put a tube that curves and covers the most amount of skin possible, and say its a time out or half time or something you attach a hose at the top of the tube that runs through the pads and fill it with water, then when you have to go back to the game turn the drain on and it will drain within seconds. I haven't really had any major obstacles except for missing Fridays at school. This month I came up with idea of using these thin tubes instead of using the wristify technology.

Compare and Contrast

In communistic country's the government will decide what school you go to and what classes you take, and will eventually decide what job you're going to do. In a socialistic country there would most likely be a mix of public and private schools, but people would be able to pick the classes and schools they want. In a capitalistic country all of the schools would be private and you would have to wear a uniform, but you would get to pick the school and education courses you want to take.

Book Review

I actually ended up enjoying this book more than I thought I was going to. At first I didn't really think I would enjoy reading about economics and ways to stay out of debt. After reading a little ways into the book I really started to apreciate the tips and knowledge they share about keeping yourself out of debt. One of my favorite quotes from the book is, "Engage in one kind of business only, and stick to it faithfully until you succeed, or until your experience shows that you should abandon it." I think it's kind of ironic that the book tells us to focus solely on one type of business when in school we are raised to be well rounded and have a diverse set of skills, but in reality we probably will end up only needing one specific set of skills. Another quote I really liked from the is book is, "Firstly, repetition and reminder of the basics are important in any field of endeavor where you are actually trying to ACHIEVE something specific."  Again just comparing this to school where we go over so many different things briefly it's like the book is telling us to do something completely different than what we are doing in public schooling.

Minimum Wage

I personally don't think that minimum wage should be raised. In an article by Kevin hassett and Michael Strain they state that raising minimum wage makes it more expensive  to afford workers. If a business can't afford workers then the business owner is going to have to take on a heavier work load or they will have to go out of business. It feels like to me we as a country are already battling unemployment, and yet we want to raise minimum wage and make unemployment worse. Another argument these two use is that a majority of people that live in poverty aren't even working, so why do we need to pay people who aren't living in poverty more. In an article by Michael Saltsman on CNN he says raising minimum wage won't lower poverty because again most people living in poverty don't work and he also says most working people will earn a raise after the first 12 months on the job, but can't get a raise with out experience, and if businesses can't afford to provide them experience the people won't get jobs. Jack Anderson an entrepreneur states on forbes that about half of  middle skilled workers would be fired, and the ones that were kept would get a big raise but would also have to do a lot more work. By raising minimum wage we aren't necessarily fixing anything.
















http://www.aei.org/article/economics/fiscal-policy/labor/why-we-shouldnt-raise-the-minimum-wage/#mbl

http://www.cnn.com/2011/09/16/opinion/saltsman-minimum-wage/

http://www.forbes.com/sites/quora/2013/02/20/why-shouldnt-we-increase-the-minimum-wage-to-20hour/

Stocks, dividends, trades, catalyst

Stock- A stock is kind of like a tiny piece of a business, so if I buy a stock I make part of the money that business makes.

Dividend- A dividend is a certain amount of money you will get paid by a company you invest in annually or whatever time period the company chooses.

Trade- A trade is a short term investment that you buy and usually  sell after the first catalyst so you usually sell within six months.

Catalyst- A catalyst is something that should cause a company to make a lot of money really fast and over a short period of time.

Lemonade Stand Game

Variables- Weather, number of people to walk by, number of ice cubes per cup, sugar per pitcher, lemons per pitcher, and price per cup.

Constants- Cups per pitcher, place of your stand

Perishables- ice, sugar, lemons

I learned that in the game at least that people are more likely to buy your lemonade if it's sweet rather than sour.