Halloween Horror

How much longer will people waste money going to Haunted Houses during October at theme parks? Probably never since it is becoming so much like Christmas, Valentine's Day, and the Super Bowl in terms of supply. Just like on these days businesses take advantage of the people by stocking up on their goods, by raising their prices and by starting to advertise the day, Halloween, when it's over a month away. This article exemplifies how theme parks are already opening up their Halloween attractions to reel in some extra money and it is still September. Pretty soon they will be open in August similar to how Christmas music starts playing in November and sometimes sooner. The whole year will be one big marketed holiday, so that people can justify raising their prices and increasing their supply, but would this be a bad thing since spending does drive the economy? I really don't know but it is something to think about.

In this article it is $42 just to walk around and be scared for thirty minutes or so, that is just a bit ridiculous. But not to the companies hosting the event because they're getting a nice return in taking advantage of people. Overall businesses are increasing their supply in goods from about September or August till the end of the year and raising their prices, knowing that it is that time of the year when people spend their money most.

http://www.foxnews.com/travel/2011/09/28/theme-parks-cash-in-on-quests-halloween-screams/

World's Most-Visited Tourist Attractions

United States of America has many popular places tourists love to visit. Those most-visited place for the tourists are having local economy support by huge money from the tourists. When local economy is wealthy, it will give more taxes to the government which can help the whole country. Tourists from another country bringing their money into U.S. which is adding more money into the U.S. economy cycle. Government wants the money from outside of country so the money is not only spending in United States, but also the money is from other country. Most people like to be tourists when they are on vocation, which means they have extra money to spend on and will be spending it in the trip. Vocation could be luxury and the costs of one vocation to those place typically are high. Spending money is the force of the economy. Tourists will want to enjoy their vocations so they spend money, it pushes the economy of the place. And because those places are popular and most-visited by the tourists, more people will want to travel there and spend some money at the place.

Housing Market Predictions

In a Fox Business article Thursday January 6, 2011, two top real estate experts gave a forecast of the real estate market for the years to come. One expert predicted not much help will come to the housing market until unemployment is solved. Another believed the market would increase slightly as the economy recovers but nothing too substantial. Many believed the housing market will recover though the time it will take is uncertain. There is a surplus of homes in some areas leading to the possibility of recovery but people have yet to buy them. People are afraid of the dropping prices affecting their purchase of their home. Overall the analysts believe the solution is lower mortgage rates and no foreclosure to help stimulate the housing market. Right now only select portions of the market are doing decent. The rest of the market is being killed by consumer fear and economic downturn. The housing market appears to have more of the same in its future but there is still a light at the end of the tunnel.

Gas Prices are Down, Finally

With economy still in a slump and 9.1% of America unemployed, it's good to see at least one issue has seen improvement. Gas prices have lowered to under three dollars a gallon in parts of Texas, Michigan, and Missouri. In Bridge City, Texas, the price of gas was only $2.62 a gallon. Some analysts believe it might reach as low as $2.50 a gallon in some places by Thanksgiving. Some economists are saying that it is to stimulate the economy. More people will decide to go the movies, or eat out, or go shopping. Also it might just drive down the prices of other things too as the price to transport it from Point A to Point B will be lower.

Injury Plagued New York Giants

The New York Giants's 2011 season is already looking grim in just the third week of the season. The Giants have suffered injuries to ten players already and most of them season ending. Specialization of labor has back fired on the Giants as they have decent receivers and line backers, but they are hurt with no one of equal value to take there job. The NFL is pretty much the definition of specialization of labor as most guys play just one position, but right now for the Giants it would be helpful if the league was not so specialized. Then they could just move someone from another position to fill in, but since players are not acquainted to playing multiple positions at the pro level it would be a inefficient to the team. So instead of being able to move veterans around to help the team contend, they just put rookies out there in the game to fill the spots and hope for the best. Although this specialization of labor keeps a level of demand in the league for backups and rookies. For example since the Giants have multiple injuries they now have a larger demand for players to come and fill that spot. Therefore sports in a way goes against the Law of Demand in that as the injuries become more costly the demand increases. Overall I think economic principles are a bit different when referring to football or just sports in general.

Thousands march against nuclear power in Tokyo

Using nuclear power can provide enough electricity for the whole country but the safety issues of the reactor are considered. After 311 the Japan Fukushima nuclear reactor melt down disaster, many country starting to realize its dangerous and the cost of recover could be. Because of the radiation leak, any item could be infect by the radiation in Japan can’t be sold which is lots of area and costing the economy be tough on people. Now, the Japanese wants to use natural energy resource which won’t cost the damage like nuclear reactor did. But for poor natural resource country like Japan would need to find another way to replace the amount of nuclear electricity which isn’t invented yet. The shortage of electricity costing the sacristy, electricity price won’t necessary go up alot, but the demand would still be the same.When there are not enough electricity for the country, Japan government will have the cut down the power for certain area. Also, for those were evacuated for the radiation around the reactor would have to find a second home for them to stay until the area is clear which will take a lots of time. Lands in Japan are limited, it can be use up as much as it can because Japan is one of the best technology in the world. When lands can’t produce anything to sell or be bought, the land lose it value and cost economy to go down. Because of radiation effect too much in Japan, the protesters of nuclear power in Japan are getting more and more.

Chief Economist of European Central Bank Resigns

Juergan Stark, the chief economist of the ECB, resigned on friday, September 9, 2011 over his opposition to the ECBs bond buying program. Apparently Stark opposed the purchasing of many government bonds from ailing economic european countries. He believed it jeopardized the independence of the bank. He did not want the politics of Europe mixing with economics; he believed these decisions would cause a command economic system. Also he feared for the stability of the euro. He believed these purchases would inflate the currency and cause further economic strife. This sudden resignation is yet another blow to the Christian Democratic Union(CDU). This will make the second instance of a prominent economist abandoning their approach to saving the euro. This resignation is a great loss to all European economists. Read more here.