Should we be the ones setting Walmart straight, or should it be dealt with by a higher order such as government?
I actually watched a video on how evil Walmart is. They showed why the stuff there is so inexpensive. It’s because they have sweat shops around the world that have people that live in poverty working in a factory morning till night making $0.30 a day. That is definitely evil and immoral, its one of the most evil companies out there. How should this be dealtwith? Well the people of America could theoretically shut them down by not purchasing any goods there at all. This is very unrealistic because that is where millions of people buy a lot of their daily things, like soap, shampoo, and groceries. Since it is practically impossible for the people to shut them down, the government should definitely do something about Walmart and other evil companies.
Monday, October 12, 2009
Response to Jack “Will there be a day where everything is bought online?”
Is buying everything online foolproof or should we be hesitant? Well there are several points of view on making online purchases. First off, there is the argument that making frequent purchases online will actually help the natural environment by reducing exhaust emissions, which will help keep the air less polluted. That’s one of the arguments that some tree hugger would put out there. But for the safety of a person’s identity there are definitely some precautions that should be taken. Typing your credit card number into any and every site will obviously greatly increase the chance of someone or a company misusing your card number. This is usually a bigger issue with the bank and not so much the card holder due to the fact that most cards have protection against stolen card numbers from online purchases. So basically if there is a problem, its mostly within the bank, which means the choice of online purchasing or not is really up to the consumers preference. Although there might be some occurrences where there’s some type of theft with the card, but the bank will have to figure it out and usually won’t count against you. With that said if the consumer is willing to take the chance and the hassle credit card identity theft then they shouldn’t be hesitant to sit down, have their credit card ready and start shopping.
Thursday, October 8, 2009
In response to Sarah Simmons
Do you think this responsibility fall on the student or the parent of the student? (education about financial debt)
In most cases, when a 17 or 18 year old high school student is looking into college their parents are the ones that will be needing to pay for some part of the tuition or cosign their loans. So in just about every case the parents have something to do with a kid going to college. This is why I think that the parents should try to talk to their kid about financial debt and what to expect when they are all done college. The parents are the ones that have been out in the real world dealing with this stuff for years, so they are the ones have firsthand experience with it all. An 18 year old usually has never had experience with any sort of financial debt. In my high school they had a meeting for financial debt which they talked to us about all the loans and financial aid we can get. This helped me somewhat understand what was going on, but my parents have already gone through the college debt thing so I think that parents with experience in college or any financial debt should help their kid understand it all.
In most cases, when a 17 or 18 year old high school student is looking into college their parents are the ones that will be needing to pay for some part of the tuition or cosign their loans. So in just about every case the parents have something to do with a kid going to college. This is why I think that the parents should try to talk to their kid about financial debt and what to expect when they are all done college. The parents are the ones that have been out in the real world dealing with this stuff for years, so they are the ones have firsthand experience with it all. An 18 year old usually has never had experience with any sort of financial debt. In my high school they had a meeting for financial debt which they talked to us about all the loans and financial aid we can get. This helped me somewhat understand what was going on, but my parents have already gone through the college debt thing so I think that parents with experience in college or any financial debt should help their kid understand it all.
Response to Katie McGarity
Do you think saving all of your receipts is helpful? Do you save all of your receipts?
I also think it is very important for students to keep track of the money they are spending, especially if they are using a credit card for most of their purchases. Many students are so caught up in their studying, school work, work, partying, or with their friends they often aren’t able to pay close attention to what they are spending with their credit or debit cards. Then before you know it, it’s the end of the month and they need to pay their credit card bill, and all the little things have added up and they cant afford their monthly bill. So would saving all of their receipts help them manage their accounts better? I don’t think it would help them with what they are spending, it would only help them if there was a misunderstanding at the bank for some reason. The one thing that I would recommend to help them control their bank accounts is to have an online banking account and check their balance almost every day. That way they can see how much they are able to spend during that specific day. Keeping every single receipt is too hassling and will get confusing if you use them to keep track of your balance. I don’t keep any of my receipts, I just check my balance every day and try to use cash for most purchases.
Is it better to make purchases with cash or credit? Why?
I also think it is very important for students to keep track of the money they are spending, especially if they are using a credit card for most of their purchases. Many students are so caught up in their studying, school work, work, partying, or with their friends they often aren’t able to pay close attention to what they are spending with their credit or debit cards. Then before you know it, it’s the end of the month and they need to pay their credit card bill, and all the little things have added up and they cant afford their monthly bill. So would saving all of their receipts help them manage their accounts better? I don’t think it would help them with what they are spending, it would only help them if there was a misunderstanding at the bank for some reason. The one thing that I would recommend to help them control their bank accounts is to have an online banking account and check their balance almost every day. That way they can see how much they are able to spend during that specific day. Keeping every single receipt is too hassling and will get confusing if you use them to keep track of your balance. I don’t keep any of my receipts, I just check my balance every day and try to use cash for most purchases.
Is it better to make purchases with cash or credit? Why?
Thursday, October 1, 2009
In Response to Max Gausch
Is internet monitoring that big of a concern for our nation?
The government does track a lot of our personal daily tasks such as phone calls, texts, voice mail, internet searches, internet purchases, transactions at every bank or ATM, and all other purchases with credit or debit cards. This monitoring makes searching the web easier and faster, and also makes purchasing things with electronic payment methods much quicker. This should not be considered a crime for the government to do this. Studies show that around 90% of Americans have some sort of financial debt. This is from borrowing money from the government, so why shouldn’t they have the right to see what other purchases we are making? If someone wants to not be tracked at all then they can write letters instead of using a phone, and pay with all cash, everywhere they go. Also the organizations that look at this information do it so they can focus on certain consumers. This means that their sales will go up and this will help the economy.
Where does it say that the government can’t monitor American citizens?
The government does track a lot of our personal daily tasks such as phone calls, texts, voice mail, internet searches, internet purchases, transactions at every bank or ATM, and all other purchases with credit or debit cards. This monitoring makes searching the web easier and faster, and also makes purchasing things with electronic payment methods much quicker. This should not be considered a crime for the government to do this. Studies show that around 90% of Americans have some sort of financial debt. This is from borrowing money from the government, so why shouldn’t they have the right to see what other purchases we are making? If someone wants to not be tracked at all then they can write letters instead of using a phone, and pay with all cash, everywhere they go. Also the organizations that look at this information do it so they can focus on certain consumers. This means that their sales will go up and this will help the economy.
Where does it say that the government can’t monitor American citizens?
Monday, September 28, 2009
Response to Lauren Foley
Do you think that businesses should work on going green?
I think that going green shouldn’t be necessary for organizations. I believe that it would be somewhat helpful to the environment if they were recycling all their waste materials but only if it did save them money. For instance if a company was spending more money and energy on recycling just to be environmentally friendly, I don’t think it is worth it. Organizations definitely shouldn’t be wasteful with their natural resources and go beyond what they really need to be efficient. America is all about money and making money, so as long as the littering and pollution doesn’t get extremely out of control I think the earth will be just fine.
What are some companies that go over the edge in polluting the environment?
I think that going green shouldn’t be necessary for organizations. I believe that it would be somewhat helpful to the environment if they were recycling all their waste materials but only if it did save them money. For instance if a company was spending more money and energy on recycling just to be environmentally friendly, I don’t think it is worth it. Organizations definitely shouldn’t be wasteful with their natural resources and go beyond what they really need to be efficient. America is all about money and making money, so as long as the littering and pollution doesn’t get extremely out of control I think the earth will be just fine.
What are some companies that go over the edge in polluting the environment?
Sunday, September 27, 2009
Social Entrepreneurs Turn Business Sense To Good
Recently many nonprofit organizations and other organizations that are involves ed in helping improve the natural environment, have been approaching nontraditional plans how to run their business. They are starting to create some of their own revenues and use for-profit business techniques to progress towards their goal as an organization. An example of this would be Neil Keny-Guyer of Mercy Corps. Keny-Guyer turned his relief organization into a global powerhouse with 3,500 employees and a $300,000 budget. He did this by going the capitalist route and purchasing a bank in Indonesia. They call these people “social entrepreneurs”. Another social entrepreneur is Vikram Akula wanted to prove that you can make a decent profit while serving and helping the poor, and not making them a charity case. He is the CEO of SKS Microfinance, which has around 9,500 employees and 3.3 million customers in India and adding roughly 300,000 new clients a month. They don’t turn down poor people when they come to SKS for loans. They feel that believes that it is a win win situation for everyone when people take out loans and uses them for a good reason, for example to start a small store and make a small store bigger. Last year SKS had revenues of $48 million, and a net profit of $6.16 million. This shows that having a for-profit business model helps everyone out in the long run.
What are other companies that should use this business model to help out the society?
What are other companies that should use this business model to help out the society?
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