Economic News Investigation

An insightful report on todays economy

Shortage on Life

From the years 2001 to 2014 the pharmacist has taken note of a five fold increase in drug shortages. 1,800 have been documented. 50% of these are used to save lives and 32 of these drugs have no substitutes. A doctor for the FDA states that the real problem is economics. I find this connects with us in class because we have been learning supply and demand. Surplus as well as shortage are very real, and for something as important as these drugs, it doesn't matter how willing people are if they aren't able, and this is because the drug is just not there.

After Rocky 2015, Price of Cattle Begins to Rebound

In the price of beef hit an all time high, but then began to fall and hit a rock bottom of $120 for 100 pounds in December of 2015. While the cattle supply nationwide is down, the price was driven down because it was not in very high demand. But at the end of 2015 it rose 11% and is on the rise now. This connects with our class lessons on supply and demand. While the stock of beef fell, it wasn't in demand so the prices fell. People may have been able, but they weren't willing.

Fourth-Quarter GDP growth slows to .7%

October to Decembers 2015 GDP for the U.S. was dramatically slowed to .7%. This is a blow to us after having a 3.9% spring and a 2% fall. One reason thought for this is because of the snowstorm that kept Americans indoors for days. It is predicted to rebound though, while many losses were reported in some areas, areas such as the housing market are "gaining momentum." This connects with our learnings in class of how GDP affects our country and how important it is so the U.S. can stay #1 there.

Bernie Sanders: Who Can Deny "Real Unemployment" is close to 10%

Bernie claims that Hillary Clinton will pay for her ideas by raising taxes, and Bernie states that this can only make things worse. He intends to bring money in to rebuild infrastructure and make college tuition free by: Closing the loopholes that allow the rich to store their money in the Cayman Islands and such, so they have to pay federal taxes. In addition after the people bailed out Wall St., he believes they should pay a Wall Street speculation tax to pay for colleges. This connects with our learnings of the great recession in class. While the article doesn't cover unemployment very much, it does cover Sander's payment plans. I believe its only fair that after the decisions made by Wall Street, and after the whole world was affected negatively by it, they do owe it to the people to pay this tax for our education. We watched a video on this and they used a lot of government money, and who's to say they won't make the same mistakes again?

Lawmakers Consider Walter-Backed Bill to Tighten Unemployment Benefit Rules

Wisconsin gov. Scott Walker is standing up for a bill that will help prevent fraud with unemployment benefits. Part of this changes that if someone unemployed rejects a job because it is not comparable to their previous job, or doesn't pay enough, they can soon lose their benefits. Not only will it make people "take these lower-paying jobs sooner," but it also holds policies to prevent unemployment fraud, which cost the state an estimated $20 million the previous year. This connects with our in-class discussion of unemployment benefits. I believe this bill is absolutely good for the state. Some people may have been let go from good jobs, but at some point they need to get off their high horse and take the lower paying jobs. When they have the opportunity to get off government support just because something isn't the way they want, then I consider them a leech upon the back of a hippo. Many of these leeches commit fraud and drain the "Wisconsin hippo" of $20 million dollars of blood. This bill will surely improves the states poverty and unemployment percentages.