Friday, November 11, 2011

Starbucks to Start Juicin'

Starbucks has acquired a juice business that they plan to use to open up a new chain of health and wellness stores using juice as their keynote. The business they bought, Evolution Fresh Inc., was bought for $30 million. This one time fixed cost is the price they have to pay in hopes of beating out competition like McDonald's and such. This is because the demand for healthier food is so much higher that Starbucks is trying to take advantage. This is smart seeing as how not only is America demanding healthier foods but also the fact that Evolution squeezes real fruit and vegetables for their juices. Starbucks saw this as an advantage on the competition. These healthier juices will create incentives for people to return back to Starbucks stores because despite the fact that Starbucks hasn't released how many stores will open, Starbucks plans on not only opening independent stores but also carrying products at the local Starbucks's to increase marketing. To begin, Starbucks will only open these stores in the west coast where health is most popular within America, and they will go from there.

Black Friday Competition

Wal-Mart and Target are in a competition in regards to Black Friday this year. This year, Target decided to open their doors at midnight after Thanksgiving to kick off the insane deals because customers say they'd rather stay up late than wake up early. Wal-Mart, on the other hand, has decided to open at 10 P.M. on Thanksgiving day to start early. With confidence in the economy low and getting lower, these stores (not to disclude Best Buy, Macy's, and Kohl's) are trying to motivate people to shop. Wal-Mart is taking a lot of measures to encourage people to buy. As people's private savings keep going up, retailers are having trouble keeping up. An example is the fact that for one of the sales on Black Friday is Wal-Mart's selling of select DVD's for under $2. When someone can go buy a new DVD normally for around $20, Wal-Mart is either really desperate, or they're going to be some old movies that they just need to get rid of. Because of all the savings, stores that normally don't partake in Black Friday door-buster deals are going to be opening now as I mentioned above. In years past, Best Buy hasn't offered substantial deals along with Macy's, but now, they have to.

Tuesday, November 8, 2011

Will the Beliebers Stand by JB?

JB BABY DADDY...?! What?! Is the innocent 17 year old pop singer caught in a scandal or is he really the baby daddy of a 20 year old girl who claims he is? Mariah Yeater, 20, claims that Justin Beieber is the father of her son, who is now 3 months old. So what does this mean for Justin himself? He goes to court and proves her wrong? Maybe. We'll find out. But exactly what does this mean for his career. Are his fans as dedicated as they claim to be? With his new Christmas Album just released will the Beliebers help his music hit the top charts? Or will it be a loss of revenue for him because of this "scandal"? He may lose a lot of money and a lot of fans because of loss of respect if this scandal turns out to be true. But why did Mariah Yeater do this? If it isn't true she could go to jail for rape. Whatever it may this scandal is going to have major costs and benefits for JB himself.

More Facebook Friends than Friends in Reality

According to Matthew Brashears, a Cornell University sociologist, we have more friends on Facebook that we don't even confide in than we have in reality. The number of people, people trust has dropped within a quarter century, from 1985-2010. So he's stating that people are becoming less social and have maybe 5 friends that they are friends with on Facebook that they truly can trust. So then why do we have so many friends on Facebook? Is it to show off how many people we know? Is it just a way for people who've only met once to try to expand their friendships beyond that one meeting? Whatever it may be, why are the numbers of friends we truly socialize with dropping? About 2.03% of the people you're friends with on Facebook are people you actually will socialize with outside of school. In prior statistics it was a tad bit over 3%. Maybe Facebook is starting to become an alternative to socializing with people in real life. You can check in on Facebook, update your status, post picture, etc. So why do we even need to worry about conversing with our real friends? Because socializing and the bond between friends are dying. Relationships are being caused to change by this. 

Conniving President?

Herman Cain, you may have heard of him, he is running for President for this upcoming election in 2012. Up to this point he has had a strong running with good intellectual ideas about how to make our economy healthier. But Cain is a buisness man, he is CEO of his own pizza company. This raises some issues, especially with the accusations raised against him. Cain was accused of putting money, which were donations which were supposed to be used for his campaign, and he put them into his company's bank account. This raises some big questions. How do i know if he is serious about running for president or not? If he is, how can i trust him? How can i put the yhands of our economy in the hands of a theif? These are all good questions we need to ask ourselves. It is not right for him to lie to people, and say he is running for president because he wants to help change our nation, but then to steal from people in a sense goes against all ethics. I could never have a president who steals money from people. If he is runing for president for the right reasons and he does truely want to change our economy then he has good ideas and is a serious candidate for some. But i beleive that buisness men are always trying to get the uperhand on their competition, and this is just a stunt for him to try to get his buisness to the top. Buisness men are always trying to improve their buisness, why is he any different. In my case i beleive it would be one of the most unethical decisions our country could make to put Herman Cain in office just based on these simple facts. I could never trust any of his policies, or anything he says, because I would believe that they would be implimented to improve his buisness. Maybe if he resigned from CEO of his company and focused on other pursuits, then I could I take him and his policies more seriously. But for now i just see him as a conniving buisness man, trying to make more money.

Should College Athletes Get Paid?

There has always been a big controversy on whether or not student athlets should get paid or not! Although the students are in an educational enviroment and are in reality should be playing sports on the side; the reality is that students who are p-laying sports in college are there to the play that sport and try to go pro. The players take the easiest courses, just so that they can focus on their sports. The argument comes into play, when people say that they should get paid. The athletes are the faces of the school and draw huge revenue for the school. Most of them are taking cuts from sposnors and other people on the side, so why shouldn't they just get paid? People say that it is against moral values, and that it is suppose to be an educational enviroment. The same thing is said for high school athletes but noone thinks about paying them, people say. I beleive that college players should be paid a small sum of the revenue that they helped the school to gain. But if the schools do start to pay them, when will people start saying that high school players should get paid. All in all, the players are the main source of the revenue for the school, and they should get some kind of payoff for it; whether it be full rides for all athletes, or paying off their college debts when they finish colleges. Colleges need to see this fact and fix it quick or else the NCAA may take a turn for the worst.

Monday, November 7, 2011

Call Of Duty Modern Warfare 3 Breaking Records

Call Of Duty Modern Warfare 3 is one of the most anticipated video games ever set to release at midnight tonight. Modern Warfare 3 is a first person shooter produced by Infinity Ward who has created all of the other record breaking COD games. Call of Duty has set the record for the most pre-orders this year. Gamers pre-order Call of Duty so they don't delay the time it takes to get to there house. There is a shortage of Call of Duty games on release day because of such a high demand, so they reserve a copy for paying an extra 5$. Modern Warfare 2 last year sold 4.7 million copies world wide within 24 hours making it the most popular game ever, but this year they hope to top it. Modern Warfare 3 has also created an online membership called Call of Duty Elite. This is an online membership that you can buy for 50$ to get new map packs earlier and better features than regular gamers would get. This creates an incentive for impatient gamers. By creating this online membership Infinity Ward will produce a lot more money rather than just selling the game.

Nook Tablet vs. Kindle Fire, better alternative than iPad?

The new releases of the Nook Tablet and Kindle Fire may give the iPad a run for its money. The Nook Tablet and Kindle Fire are soon to be released tablets starting at 249$ and 199$, meanwhile the iPad starts at 499$. This creates an incentive for buyers to purchase one of these being only half of the price of the iPad. The Kindle has 8gb which is enough to store 80 apps, 800 songs, 10 movies, or 6,000 books, the Nook can store twice the amount of that and is only 50$ more. The Nook is larger and has a lot more features than the Kindle giving it the outmost advantage between the two, but the iPad and Nook are predicted to be head to head. The iPad has a high demand but cannot meet the wants of many people because of the price which can give the Nook a chance for more sales. The iPad is generated through Apple giving it more popularity and quality than other competing companies. The Nook is a cheaper alternative for buyers who want the same features as an iPad just maybe not as fast, precise, or as quality of an experience as the iPad would give them.

LSU Alabama Game Brings In Lots of Money

The LSU Alabama game this weekend was brought up as the "biggest game of the century" and definitely lived up to the hype. Being two of the best programs historically, the clash of these top ranked teams at #1 and #2 created a large incentive to watch the game due to the publicity behind it. LSU had the advantage being top ranked, but they had to travel down to Tuscaloosa creating another advantage for the #2 team, Alabama. Two teams from the SEC which is claimed as the best conference in football made it even a greater incentive to watch. As the game went on 6-6 in the fourth quarter the views even got greater than at the start of the game. At OT the views went to Alabama-LSU averaged 20 million viewers with a national household rating of 11.5, up 161 percent from last year's 4.4 when the teams played. The reason to why the game had more viewers this year was due to the incentive of the winner going to the BCS National Championship and the loser could not. Ticket sales for the game at Alabama were a lot more than any usual game. Due to the high demand and low supply of tickets they raised the price of the tickets up to double the average sale. This created more than double the amount of revenue that they would have generated for a normal game.

Bugatti as a Luxury Good

It is no secret that Bugatti cars are some of the most luxurious and exclusive cars in the world.  There are only a handful of Bugatti’s in the world today.  Out of the few Bugatti’s that are made, the Bugatti Veyron could be considered the most exclusive model made.  Since they came out in 2005, there have only been 300 Bugatti Veyron’s sold.  They are so exclusive because of their extremely high prices. In fact, the Bugatti Veyron is currently ranked first as the most expensive car in the world, selling at the price of 2.4 million dollars.  It is also currently ranked first as the fastest passenger vehicle in the world, reaching a top spead of 268 mph. The Bugatti Veyron was also named the car of the decade by the television show "Top Gear." These statistics make the Bugatti Veyron one of the best examples of a luxury good.  Because they are ranked as the most expensive car in the world, it gives it the title of a luxury good.  Bugatti’s and especially the Bugatti Veyron are specifically known for being the million dollar car.  The Bugatti’s never go on sale according to this dealer, so therefore it is another characteristic that makes the Bugatti a luxury good.  All of the characteristics that Bugatti’s are known for give them the reputation of a luxury good.   

Sunday, November 6, 2011

Decisions, Decisions..

The McRib hadn’t been nationally sold since 1994 unti last year. The McRib is usually sold by local franchises when they want to sell it, but this year, after such a high demand for it last year, the McRib is going national again. “The sandwich, which is dressed with onions, pickle slices and barbecue sauce, was introduced nationally in 1982.” Many people wanted the McRib and its “500 calories and 26 grams of fat” back, making Facebook groups such as “Bring Back the McRib!!!” and Trending Twitter Topics such as “Lucky me, the McRib is back”. There is such a high demand for the McRib that people are starting to kind of switch it up and make it their own with toppings like lettuce, tomato, and bacon. People are even beginning to get multiple McRibs stacked on top of each other. This brings up a question, is McDonalds going to do give in to the hype and make the McRib permanent and therefore bring the supply and demand closer to equilibrium? Or are they going to make sure that the McRib is going to stay in demand and keep people in suspense for when it is going to come back making the demand much higher than the supply. I think that McDonalds will keep people in suspense and therefore make people want it even more when it does eventually come back.

Friday, November 4, 2011

Aviation grappling with new taxes and rules: AAPA

Airline companies and tourism play a big role in recoverying the economy. But with new tax and regulation rules, these industries are struggling. Tourism is being effected by taxes in the way that to leave the United States you have to pay waiver taxes allowing you to leave, and also pay waiver taxes to enter the country upon your arrival. Andrew Herdman, the director general of the Association of Asia Pacific Airlines (AAPA) said,"Taxing the very people who you want to attract as visitors to your country is neither an effective welcome message nor a good way to develop the tourism industry," I agree with him completley. So not only is the economy not being recovered, tourism and many countreis could lose money also.

Thursday, November 3, 2011

In N Out's expansion to the East

Recently the famous burger restaurant In n Out has been expanding from its roots in California.  The most recent move In n Out has made when they put a meat production plant in the Dallas/ Fort Worth area.  Fallowing the production of the meat plant, In n Out is planing on opening a total of eight new stores in the Dallas area.  Although there is more to it than In n Out just trying to move to Dallas.  With the meat plant constructed in Dallas, it allows In n Out to expand to 13 other states.  The reason it took In N Out a long time to expand this far was because the fixed costs of shipping the meat this far east was very high.  They looked at their trade offs and realized that spending the money to put a new meat plant would be better for making profit.  The marginal revenue of building new stores would also be very high with their production of restaurants in Dallas.  With their expansion they are trying to create more supply of restaurants because the demand for In n Out is very high.  When they first opened in Dallas, there was lines that were four hour lines just for a burger.  With this high demand for their burgers, In n Out would be crazy not to continue expand and to raise the supply of their restaurants.  

Smaller Cheaper Tablets are Turning Heads

In today's economy, saving money while maintaining an enjoyable life style is a very hard goal to achieve. Today, more people than ever before are switching to cheaper tablets instead of buying an iPad. The cheapest version of the new iPad 2 is $499, the price of a 32 LCD TV and the price of two PC laptops. In the last year, the Android tablets grew from 2% to 27% of the total tablet market. The iPad and the Android tablets can be substitutes, but it can also be viewed as a luxury good to an inferior good. The abilities of the two are eerily similar and the only difference with the iPad is the brand name. The main obstacle for people new to Androids is the complexity of the operating system and the touch screens are not as advanced as Apple's. The amount of apps in the Google Android Market is rapidly increasing and the Android tablets sure have made a dent in the sales of the iPad2. This upcoming holiday season will be a good indicator of how big an effect a cheaper substitute has on another.

iPhone 4S shortages

The iPhone 4S has just recently come out and a lot of people pre-ordered their phones online.  Their were so many people that pre-ordered these phones worldwide that when it came out the phone was in excess demand.  While the phone was released worldwide America would get the more phones than the other countries. Although even though America had the most we are still suffering delays for some people who want the phone and same with the people in other countries.  These shortages of the phones are extremely unexpected and have cause people to become unhappy.  Apple should have known there would have been excess demand for their product and produces more of their good.  Maybe next time that apple releases a new good as big as the iPhone 4s they will have a bigger supply of the good.  

McDonald's Doing well in recession

We are in a time were people are worried about how much they spend.  People are cutting back and trying to spend as least as possible.  McDonald's low prices have created incentives for people to eat there.  People have been worried that the recession will continue and any time you can get a good deal people take it.  In the month of October sales rose 5.4 percent for the store.  With the economy down people have been more interested in buying at McDonald's.  The demand for McDonald's has risen and they have been making more money.  People have to weigh the trade offs and decide if they want to save money and eat unhealthy or eat healthy and spend more money.  Most people are choosing the cheaper way and not worrying about how they eat because it is cheap and it is saving them money so why worry about how they eat.  The recession is benefitting McDonald's and is bringing in great profit for them.   

Tuesday, November 1, 2011

NBA Lockout: For Some Cities, Enough is Enough.

Everyone knows that tonight was supposed to be one of the most historic in Dallas Mavericks history, the opening game against the Chicago Bulls, and the raising of the banner as 2011 NBA Champions. Unfortunately, as the lockout continues and only furthers our hopes for a new season, it seems that the greedy just get greedier. Fortunately for the city of Dallas, a large amount of revenue has not been lost because of our other major professional sports teams bringing in money, but for Memphis, Oklahoma City, Orlando, Portland, Sacramento, San Antonio, and Utah, there is much to lose with basketball being their own professional sport. Although demand for a season is clearly at an all-time high, revenue is being lost daily from the lockout. Data gathered states that San Antonio spurs have a $95 million impact on the economy, as well as the Memphis Grizzlies with a $223 million on their economy. Along with revenue loss, their is a high job loss as well. Even worse, four out of the seven NBA franchise-only cities have an unemployment rate above the national average. Although most NBA related jobs are part-time, many are lost, for example in Memphis about 1,500 jobs will be lost this season.. For Orlando, the site of the 2012 All Star Game, it's much more than just the loss from the season. We all remember how much money Dallas made when we held the All Star game here, and Orlando is predicted to lose as much as $80 million - $100 million in economic impact. Needless to say, we are all ready for some basketball, and need the owners to work things out for the sake of the game, not for money.