Posts Tagged ‘Economics’

Pope Quote

With all of the recent talk of increasing the minimum wage, the mega wealthy, the tea party, and the Pope’s comments on trickle down economics. Lets look at some facts.

Lets start with trickle down economics. The economic idea of trickle down economics got its start under President Reagan. Some people still refer to it as Reaganomics. It is the belief that giving tax breaks to the wealthy will cause them to have more money and thus create more jobs and stimulate the economy. The problem is that this doesn’t account for the ever expanding greed of the mega wealthy. (more…)

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iPhone 5 Black

iPhone 5 Black

As many of you know Apple released the iPhone 5 in late October of 2012. What is truly astonishing about this is the shear volume of sales that the device has done. In its first weekend it sold more than 5 million units alone. In a recent bit of research conducted by several independent groups some amazing and interesting facts have come to light. One of the most noticeable being that the iPhone 5 sales alone have single-handedly moved the entire $15 trillion U.S. economy by half a percent. That statistic doesn’t count the sale of older generation iPhones or any of Apple’s other hardware such as the MacBook, iPad, or iMac. Apple has over the last year taken the stock market by storm, and set record after record.
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