Critique of Federal Reserve Podcast

For this assignment second and forth period had to talk about the Federal Reserve System, we had to do a podcast answering some questions provided by Mr. Moloney, students had to listen to some else's podcast, for example I listened to Lucy and Veronica's podcast{http://mmoloneyiths.com/econ/podcasts/fed/lucy-veronica.mov}, the content of their podcast was really interesting they answered all the questions correctly, the sound was very clear but sometimes they made it a little obvious that they were reading, over all for their first time they did pretty good!!!
The images went well coordinated with what they were talking about, it educated me to know a little bit more about the Fed, I think they got the hang of it. WELL DONE!!!

Compound Interest and the Rule of 72!!!

Compound interest is when interest is earned on a principal sum along with any accumulated interest on that sum. meaning that you're earning interest on interest. it makes your money grows by percent in years.

The equation for compound interest is: P = C(1+ r/n)nt

The Rule of 72 is a rule that investors use to approximate the time it takes for money to double at a given rate of return. It states that if you divide the number 72 by any given rate of return the answer you get is the time it takes for money to double at that given interest

Insider Trading Scandal

One of the largest Wall Street insider trading rings, since the 1980s. Some of the suspects are executives and brokers at firms such as Bear Stearms and Bank of America Securities have been accused of $15million. A recent report stated that the suspects used research information regarding stock values and corporateacquisitions stolen from UBS Securities and Morgan Stanley to make stock trades. Ringleaders in the UBS scheme allegedly used clandestine meetings at Manhattan's famed Oyster Bar and disposable cell phones, secret codes abd cash kickbacks to hide their illegal activities. The suspects will be in prison up to 25 years, only one off the suspectshas already pleaded guilty.

Dow down 416 pts.!- Why???

On Tuesday, China’s worst one-day tumble in a decade set off a tumult that rolled through markets around the globe, from Tokyo to Frankfurt to Brazil to Wall Street. Jones Down went down 416 pts, meaning that the whole globe lost billions of dollars.
Shares in Japan, South Korea, Singapore, Malaysia, India, Australia and the Philippines all tumbled more than 2 percent after Wall Street suffered its worst day since the Sept. 11, 2001, terrorist attacks.
Dow went down because many people sold their stocks and not as many people bought the stocks that were being sell.
This is good new for people that wanted to buy stocks because now is a great time to buy stocks they are really cheap!!!