Consumer fireworks

RadioShack — once the go-to chain for consumer electronics — will shutter 1,000 stores during the Memorial Day weekend as it undergoes its second round of Chapter 11 bankruptcy proceedings, the company announced Friday. RadioShack will continue to operate 70 brick-and-mortar stores across the U.S. as the retailer migrates most of its sales operations to its website, RadioShack said in a news release Friday. This round of closures does not affect the company’s 500 “dealers” — or franchisee-run…

indicators are Personal consumption, Government purchase, Private inventories, Paid in construction cost and Foreign Trade Balance. Other examples of a possible index are GPA (Grade Point Average) or the CPI (Consumer Price Index) The consumer price index is used to measure the prices of goods that consumers…

Imagine going to sleep at night and waking up in a new time era. For example, the 1950’s. What would your life be like? It would be very different from the structure of today’s world. One major change that an individual would experience a difference in would be their educational outlook and their career. In the past education, was not as prevalent as it is today and the dynamic of work has also changed. In todays world, work would be considered to have more collaboration, technology dependent,…

real story behind the making of the product that is being bought. It could be a 14-year-old child who made the Mickey Mouse toy you leave by your bedside or the Disneyland sweater you are gifting your younger cousin for Christmas. While Western consumers “…worry about exposing their children to Chinese-made toys coated in lead [or any other harmful chemicals], Chinese workers, often as young as 16, face far more serious hazards” (Barboza). These children work long hours and come face to face…

For example, if you make $100,000 in Indianapolis, you would need to make $104,869 in Richmond to have the same living standards. That is, the cost of living in Richmond is higher than the cost of living in Indianapolis. http://www.homefair.com/homefair/calc/salcalc.html?type=to Now, back to our class objective: We are interested in the economy as a whole and how we can adjust dollar values for the economy as a whole for inflation (rather than from state to state…) For example, back…

METHODS USED TO MEASURE PRICING AND AFFORDABILITY OF ‘HEALTHY’ FOODS IN AUSTRALIA AND ONE OTHER COUNTRY INTRODUCTION There is evidence that links food choice to food prices and affordability, this means that an individual’s dietary patterns is linked to his or her income (Lee et al. 2013). Brinkman et al. (2010) further explains that difference in food prices has greatly contributed to the global burden of overweight, obesity and an increase in non-communicable diseases (Cardiovascular…

Our first “Anti-bully Day Committee” meeting led to a goal: fight unkindness on a large scale. We called it “Kindness Is Contagious (KIC) Week.” Suddenly, I found myself the Director of the event which included thousands of students across six high schools. From the beginning, I imagined the actual event planning would be the hard part, but as a family member told me, “The hardest thing, not just in KIC Week, but in life is working with other people.” Over the course of a myriad of planning…

reasonable bank note or bill and make it virtually worthless.” (pg.62). Trying to measure inflation, staticians use the consumer price index. The CPI gather serval commonly used items and measure the prices between years to determine how much a currency is worth by seeing how much it can afford. Issues with this measurement is accounting for what is a commonly used item as consumer preferences are varied. Another issue is accounting for technological change and how that effects what is included…

picture in 2007 due to the economic recession, and a big time reduction in consumer discretionary spending that needed that last bit of leverage to completely topple Circuit City in 2009. This allowed Best Buy to be a clear leader in the consumer electronics retail segment. However, Best Buy’s economic fortune ended up taking a hit with new competition like Wal-Mart, Radio Shack, and Costco that are also getting into the consumer electronic retail segment. This could be bad…

How Does OSHA Raise Penalties 82% and We Don’t Notice? The two year Budget Agreement that president Obama signed in November 2 under closed doors, surprisingly included provisions that authorized Occupational Safety & Health Administration raised the penalties by as much as 50% to a new historic high level of 82%. This was the first time the penalty was being raised since Bush senior’s tenure in office, 15 years ago. In spite of the increase, Statistics indicate that OSHA fines are still…