http://www.federalreserve.gov/newsevents/press/monetary/fomcminutes20120125.pdf
Read this on current and upcoming Fed policies
- Mr. Joy
Wednesday, February 15, 2012
Friday, February 10, 2012
Midterm Comments, and Course Direction moving forward
While I can't discuss the contents of the midterm, I can say this: students who feel they need a crutch, be it asking questions, a certain electronic devise, etc., had better adapt, and quickly. We are doing ourselves no favors by having testing scenarios that do not accurately depict the testing scenario this May, nor future testing scenarios next year.
From that podcast we listened to last week about setting priorities and having goals, adversity and hardship go hand-in-hand with success. Without understanding the bitterness of defeat, we can never truly understand the joy that comes from our triumphs. That contrast needs to be truly ingrained as a part of your experience today as high school students, and tomorrow as university students and professionals. Please take the time to ask questions (in-class, after-class, email, etc.) of me, but don't be afraid to ask them of yourselves either.
Next week is a short week, as is the week of 2/21. 2/27 is a full week, however, as is the week of 3/5. As it stands right now, we will complete chapter 15, 16, and 17 for the next midterm, and then ch. 18, 19, 37, and 38 for the final midterm of the semester.
Chapter 15 homework will be due next Tuesday, 2/21. However, Chapter 16 homework will be due 2/24. I would have had Chapter 15 be due 2/17, but its a holiday. I also aim to have Chapter 17 due 3/2, with a midterm the week of 3/5. I am also thinking about having a 2-day midterm on both 4/4 and 4/5, due to tight schedules on both days. This would give us the weeks of 4/16, 4/23, 4/30, and 5/7 solely for exam prep and Country-project research in the library. During those four weeks, we will practice multiple choice questions, complete several 45-minute free response sections, dive deeper into domestic and international macroeconomic analysis, and challenge ourselves to succeed where others have failed.
The homework for Chapter 15, "Monetary Policy," is #2, 3, 4, 5, 6, 7, 8, and 10. (only 8 questions!). Chapter 16 is #1, 2, 3, 4, 6, 7, 8, and 9 (again only 8 questions!). The most important goal of these chapters is to definitively understand the role of monetary policy in maintaining economic balance and growth, as well as understand the Phillips Curve. You will be asked about the Phillips Curve on the AP exam, so the better you understand it, the more successful you will be.
Have a good weekend. Hopefully will see some of you tomorrow night at the "Snowflake Serenade." $15 at the door, or so I'm told.
Mr. Joy
From that podcast we listened to last week about setting priorities and having goals, adversity and hardship go hand-in-hand with success. Without understanding the bitterness of defeat, we can never truly understand the joy that comes from our triumphs. That contrast needs to be truly ingrained as a part of your experience today as high school students, and tomorrow as university students and professionals. Please take the time to ask questions (in-class, after-class, email, etc.) of me, but don't be afraid to ask them of yourselves either.
Next week is a short week, as is the week of 2/21. 2/27 is a full week, however, as is the week of 3/5. As it stands right now, we will complete chapter 15, 16, and 17 for the next midterm, and then ch. 18, 19, 37, and 38 for the final midterm of the semester.
Chapter 15 homework will be due next Tuesday, 2/21. However, Chapter 16 homework will be due 2/24. I would have had Chapter 15 be due 2/17, but its a holiday. I also aim to have Chapter 17 due 3/2, with a midterm the week of 3/5. I am also thinking about having a 2-day midterm on both 4/4 and 4/5, due to tight schedules on both days. This would give us the weeks of 4/16, 4/23, 4/30, and 5/7 solely for exam prep and Country-project research in the library. During those four weeks, we will practice multiple choice questions, complete several 45-minute free response sections, dive deeper into domestic and international macroeconomic analysis, and challenge ourselves to succeed where others have failed.
The homework for Chapter 15, "Monetary Policy," is #2, 3, 4, 5, 6, 7, 8, and 10. (only 8 questions!). Chapter 16 is #1, 2, 3, 4, 6, 7, 8, and 9 (again only 8 questions!). The most important goal of these chapters is to definitively understand the role of monetary policy in maintaining economic balance and growth, as well as understand the Phillips Curve. You will be asked about the Phillips Curve on the AP exam, so the better you understand it, the more successful you will be.
Have a good weekend. Hopefully will see some of you tomorrow night at the "Snowflake Serenade." $15 at the door, or so I'm told.
Mr. Joy
Tuesday, February 7, 2012
Question 17
This question has to do with finding financial statements of different banks, all of which is public information.
First, go to www.fdic.gov
Second, on the right hand side, under "Find My Bank," select California and then type in your bank name. There is also an advanced search that allows you to enter the City and Zip Code. In 95501, there are several active banks that the FDIC has information for. They can be found using this search tool:
http://www2.fdic.gov/idasp/main3.asp
They are:
1. Bank of America National Association (based in North Carolina)
2. JP Morgan Chase Bank National Association (based in Ohio)
3. Redwood Capital Bank (based in California)
4. US Bank National Association (based in Ohio)
5. Umpqua Bank (based in Oregon)
6. Wells Fargo Bank National Association (based in South Dakota)
This question requires you to look at total assets, total liabilities, total deposits, net income, and the number of branches from 2010 to 2011. All the data can be found under "Institution Directory - 2 Year Financial Report" on the bank's main FDIC page. You should be able to find all the data on that sheet. Be sure and compare 2010 to 2011.
Also, you don't have to give a report on your specific bank. There are plenty of other banks that you could do research on. Instead of saying you live in Eureka, CA (95501), say you live in New York, NY (10010), and you will find more than 350 different financial institutions.
You can also compare these banks from the present time to the end of 2008, to see how their assets and liabilities have changed as a result of the crisis. For example, Goldman Sachs' total assets have gone from $163 Billion in 2008 down to $105 Billion at the end of 2011.
First, go to www.fdic.gov
Second, on the right hand side, under "Find My Bank," select California and then type in your bank name. There is also an advanced search that allows you to enter the City and Zip Code. In 95501, there are several active banks that the FDIC has information for. They can be found using this search tool:
http://www2.fdic.gov/idasp/main3.asp
They are:
1. Bank of America National Association (based in North Carolina)
2. JP Morgan Chase Bank National Association (based in Ohio)
3. Redwood Capital Bank (based in California)
4. US Bank National Association (based in Ohio)
5. Umpqua Bank (based in Oregon)
6. Wells Fargo Bank National Association (based in South Dakota)
This question requires you to look at total assets, total liabilities, total deposits, net income, and the number of branches from 2010 to 2011. All the data can be found under "Institution Directory - 2 Year Financial Report" on the bank's main FDIC page. You should be able to find all the data on that sheet. Be sure and compare 2010 to 2011.
Also, you don't have to give a report on your specific bank. There are plenty of other banks that you could do research on. Instead of saying you live in Eureka, CA (95501), say you live in New York, NY (10010), and you will find more than 350 different financial institutions.
You can also compare these banks from the present time to the end of 2008, to see how their assets and liabilities have changed as a result of the crisis. For example, Goldman Sachs' total assets have gone from $163 Billion in 2008 down to $105 Billion at the end of 2011.
Friday, February 3, 2012
Midterm Set for Friday, February 10th
Hello All,
I didn't know whether the Midterm would be next Thursday or Friday, but Mr. Shanahan's weekly staff bulletin has solved this problem. During 4th on Thursday, we will all be in the library for scholarship work with Cassandra of the Humboldt Area Foundation. I encourage you to take a close look at the bulletin for today to look at the different scholarships that are available, as well as explore others.
This is what next week will look like:
Monday - Review Chapter 14 HW
Tuesday - Collect Chapter 14 HW, Ch. 12-14 Review passed out
Wednesday - Final Questions about the midterm
Thursday - Scholarship workshop
Friday - Midterm
We will start with Chapter 15 the following Monday, 2/13.
Mr. Joy
I didn't know whether the Midterm would be next Thursday or Friday, but Mr. Shanahan's weekly staff bulletin has solved this problem. During 4th on Thursday, we will all be in the library for scholarship work with Cassandra of the Humboldt Area Foundation. I encourage you to take a close look at the bulletin for today to look at the different scholarships that are available, as well as explore others.
This is what next week will look like:
Monday - Review Chapter 14 HW
Tuesday - Collect Chapter 14 HW, Ch. 12-14 Review passed out
Wednesday - Final Questions about the midterm
Thursday - Scholarship workshop
Friday - Midterm
We will start with Chapter 15 the following Monday, 2/13.
Mr. Joy
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