Current+John

http://www.nytimes.com/2008/09/24/business/24leonhardt.html?_r=1&hp&oref=slogin Finicial Crisis: Bail Out Problem


 * How did the finicial crisis start?
 * Should we risk using the $100 billion plan?
 * What is the bail out plan?
 * What is happening in Wall Street?
 * Could the economy be destroyed if nothing happens?
 * The finicial crisis is serious enough to require a big move from the government
 * Congress has to decide to improve on the $700 billion plan
 * 2 main problems:
 * __1. What steps are most likely to solve the immediate crisis?__
 * __2. How can the long term cost to taxpayers be minimized?__ //great questions//
 * The economy is at a huge risk of going down and wasting money
 * To fix problem, an idea is to pay more than 25 cents on the $ and demand something in return
 * This way, the government would be accomplishing:
 * 1. Take possession of the bad assests
 * 2. Inject cash into financial system
 * 3. Minimize the ultimate cost to taxpayers
 * Congress considering secondary matters
 * Congress wants to make $700 billion plan to $100 billion plan
 * Best way to solve problems is to make sure the government spends no time on an effective bailout
 * Yeah, I didn't understand most of the information in the article

http://www.nytimes.com/2008/09/24/business/24pay.html?partner=yahoo Wall Street Becomes a Target
 * Why has Wall Street workers get lots of money, only to be stolen by taxcollecters?
 * How would pay restrictions hurt the economy?
 * What is executive pay?
 * What are incentive payments?
 * How long has Wall Street been involved in this issue?
 * Wall Street is in a lot of trouble
 * Wall Street is numerous banks that could go bankrupt
 * If people pay restrictions, hard work would go to waste and this could hurt our economy
 * Many different people argue about taking risks towards the economy
 * It's still unclear about what should happen next

http://www.nytimes.com/2008/09/23/business/23retirees.html?partner=yahoo Old people are in danger of Finicial Troubles
 * Older Americans with investments are having a hard time to recover
 * They have risks of losing lots of money
 * Retired people have less money and great exposure to market risks
 * Older people with fewer assests might not suffer in property
 * Retired people will especially get hurt by gas and food prices
 * Many old people are still working because they have to
 * How could people help solve this problem?
 * When did this happen?
 * Where has this happened the most?
 * What is the main cause of our economy going down?

John: Good article. You tore it apart, even if you didn’t understand it all, you got to really good questions. Super. You didn’t finish the assignment, because I was expecting this kind of thing on 3 articles. Grade now is a C, but complete the task & I’ll raise the grade.

I think what President Bush is trying to say about the economy is that it is going down and needs to be improved. He is willing to accept tougher controls on how money is spent and how our economy runs. He is concerned that if Congress does not act fast, there will be critical damage done. He is asking that Obama and McCain will help Congress find a way to help solve the finicial problems. President Bush wants to look in closely towards the economy, especially at the demise of Lehman Brothers and other important banks. The president wants to find a way to restore the economy and stop the finicial problems from getting any worse. He is also trying to say that he does not want to make too much of the control put on the treasuer and tax dollars won't be used to pay for Wall Street workers.