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Business fun facts!
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Did you know that more than three fourths of Texas population born in state still lives in Texas. Other states which are between two thirds and three fourths, include North Carolina, Georgia, California, and Wisconsin.
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In the US, between 1980 and 2006, Bachelor’s degrees increased the most in the Computer Science and Business, while the biggest drop came from Education and Engineering!
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Did you know that in most of the large US cities, more than two thirds of the people live in the urban(the dense, central part of the city) and one thirds live in the sub-urban (adjacent to the urban) part of the city.
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Did you know that the US manufacturing is concentrated in the following areas –
1)Biomedical= Minneapolis/St, Paul, MN, and NC
2)Technology = Los Angeles,
CA
3)Pharmaceuticals=NY-NJ
area and NC
4) Auto parts = Detroit, MI
5) Aerospace = Seattle, WA
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Put it in perspective-
US GDP is close to $14 trillion; US national debt is over 10 trillion; DOW market value decline is close to $8 trillion; China GDP is over $3 trillion; Wealth of Forbes’ 400 richest people is over $1.5 trillion.
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If you spend a dollar to buy goods or services, 70 cents of the dollar directly goes to boost the economy.
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Not so fun fact…there are 15 million home owners with questionable mortgage loans. Experts believe that 2/3 or 10 million have potential of foreclosure.
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| Do you know that one out of three mortgage applications are rejected because of poor credit history? Read why it is important to be responsible with money? Volume 12 |
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Six out of 10 teens consider learning about managing money their top priority.
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The DOW up almost 600 points!
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The week ended with the highest rise in stock prices since November 2008. The week started with news from Citigroup (Ticker C) that its financial performance was satisfactory and it may not need additional help from the government. This news helped its stock as its stock had fallen below a dollar. Investors took that as a sign of bottoming out of the banking credit crisis for the large banks. Drug maker Merck (Ticker MRK) announced its plan to acquire (merge) rival Schering-Plough Corporation (Ticker SGP) in a deal worth $41 billion. The combined company will be called Merck. Investors took this news as yet another positive sign that acquisition may be heating up because of the low stock prices.
 
While the market did go up this week, there was more bad news for job cuts. United Technologies (Ticker UTX) announced that it will cut 11,600 jobs. Investors remain concerned about the financial markets, its greed, incompetence, and entitlement mentality by the very people who created this mess and now are calling themselves talented worthy of bonuses from the taxpayer bailout money.
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The DOW closed up 598 points, or 9.0%, the S&P500 was up 76 points, or 11.1%, and NASDAQ up 147 points, or11.4%, for the week ending March 13th. Oil closed at $44.41 per barrel this week
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Please keep your feedback and comments coming. THANKS! Just click
contact@businessnewsforkids.com
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... Throughout our news page we have created links in red color which provide you with additional information ...you will see two types of link...One when clicked takes you to a new page for more information...Other are pop-ups, and if you bring your cursor over red link words, then additional information will pop-up...
For example, just move your cursor on to Starbucks (Ticker SBUX) and you should see the following text pop-up-
"Starbucks Corporation (Ticker SBUX) has sales of over $10 billion. It sells whole bean coffees, brewed coffees, cold blended beverages, various complementary food items, coffee-related accessories and equipment, a selection of premium teas, and a line of compact discs, through its retail stores worldwide. As of September 30, 2007, the company operated 8,505 retail stores. Starbucks Corporation was founded in 1985 and is based in Seattle, Washington."
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Learn more about...
What is Credit History? Why is it important to have a good credit history? Volume 12.
What is Economy, Business, Workers, Goods, Services, Stock, DOW, S&P500, and NASDAQ in Volume 16.
Does it pay to study hard? Volume 17.
What is Currency and Foreign Currency Exchange rate? Volume 14. What is stronger or weaker currency? Volume 20. What does the dollar slide mean? Volume 32.
How does money grow in a bank? Volume 21.
What is Fed Funds rate and Discount rate? Volume 22
What does the interest rate cut mean for you? What is APR? Volume 23.
How to read stock information? Volume 25.
What is "Black Monday"...Crash of 87"? Volume 31.
Who are CEO, CFO, Shareholders, and the Board of Directors? What is SOX? Volume 33
What does "$4.95 + Tax" means? Volume 47.
What is a Recession? What is a Depression? Volume 48.
What is Mergers & Acquisition (M&A)? What is a Merger? Volume 49.
What is ADR? Volume 62.
What does buying back of shares means? Volume 63.
Why is consumer confidence so important? Volume 64.
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Mar 9-13, 2009
Weekly Stock Market
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Markets Up!
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Index
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Change
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Last
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DOW
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Up 598
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7234
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S&P500
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Up 76
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757
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NASDAQ
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Up 147
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1432
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Foreign Exchange Rate
$1 is equal to
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Currency
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Change
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Last
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Euro (€)
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0.02
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0.77
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Yen (¥)
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0.47
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97.94
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Pound (£)
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0.00
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0.71
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Yuan ( )
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0.00
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6.84
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Rupee (Rs.)
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0.29
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51.44
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Canadian (C$)
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0.02
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1.27
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Your Favorite Stocks
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Company
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Bought one stock in Jan-09
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This week stock is?
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Your gain or loss?
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$23.92
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$17.13
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-$6.79
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.jpg "Kellogg (Ticker is K) has over $11 billion in sales. It is know for ready-to-eat cereal and convenience foods.")
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$45.05
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$36.99
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-$8.06
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$63.75
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$52.38
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-$11.37
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Resources
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Teaching Kids Entrepreneurship
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We use multiple information resources, such as, websites, companies, stock exchanges, newspapers, text books, and others.
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