Business and economy news for kids of all ages primary, middle, and high school.
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“Today Shapes Tomorrow

Published Every Monday Since 2007       Volume 360  
October 21, 2013
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 Little Laughs!
What kind of air can you breath?
Billionaire.
Why did Dino go to the hospital?

Because he was (Dino) "Saur".
 
How do you make eleven even?

Take away the "el."

_________

How do you make seven even?

Take away the "s"

_________

Why did the chicken cross the railroad track?

Because it wanted to get to the Chick train.

_________

What is a duck on the 4th of July?

A Fire-Quacker!!

___________

Knock, Knock...Who is there?Banana...Banana who?  Banana...Banana who?Banana...Banana who? Apple...Aren't you glad I didn't say banana?

___________

Are you 5?

No! I am not 5!  I am 4.95 plus shipping and handling!

__________

Knock knock...Who is there?  Panther!Panther, who?   PantH-or-no-PantH I am going Thwiming!

_________

Laughs above are credited to kids and various sources.
 

Business fun facts!

 

Over $18 Trillion a year is spend on Consumer Goods worldwide. Women account for almost two third of it. Just think about this women power!

Did you know the ancestry of American people? It is a melting pot of immigrants from all over the world. This trend continues today. These immigrants make the America great, including best in business.

There are over 300 million Americans. Ancestry of Americans include approximately Germans over 14%, African American 12%, Irish 12%, English 8%, Mexican 8%, Italian 6%, Hispanic 5%, French 4%, Polish Scottish, Dutch, Norwegian, Scotch-Irish, Native American, and Swedish are between 1-3% but add up to 11%. The rest are from other countries.

About US housing

At the end of 2008 approximately 7 out of 10 people in the US owned a home. The US population is over 300 million.

In 2008, $3.3 Trillion was the total loss in value for the US housing market. In early 2006 housing market value was close to $9.4 Trillion.

Not so fun fact…there are over 15 million home owners with questionable mortgage loans. Experts believe that 2/3 or over 10 million have potential of foreclosure...but this number is going down
 
 
   
Debt Ceiling deadline of Oct 17, 2013 Averted but only until Feb 7, 2014





Source: NYTimes, CNN,..
  • Raising the US debt ceiling is yet another battle which for now us halted but only until Feb 7, 2104.
  • Republicans and Democrats must decide whether to raise the debt limit of $16.7 Trillion or let US default on its Congress approved previous commitments. 
  • Remember the "AAA" rating fiasco last year?  Read Volume 358 (or Click here) -- What is Debt Ceiling?
 
 _________________________________________________________  

Investors like government re-open and debt solution for now; The DOW goes up 168 points

The DOW closes up 168 points or 1.11%, the S&P500 was up 45 points or 2.63%, and NASDAQ was up 149 points or 3.9%, week ending Oct 18th. Oil closed down $0.59 at 101.15
 
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Thank you for your feedback and comments! contact@businessnewsforkids.com

 


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.

A fun way to start a Lemonade Stand and Learn about Business too! Volume 126.

What is Supply and Demand? Volume 177.

 

 

 

 

 

 

 

 

We use multiple information resources, such as, news websites, company websites, stock exchanges, newspapers, text books, and other educational resources.  

Oct 14-18, 2013

Weekly Stock Market

Markets Down!

Random Walk!

Buy Low, Sell High!

What Goes Up,

Must Come Down!

Index

Change

Last

DOW

Up 168

15,400

S&P500

Up 45

1,745

NASDAQ

Up 147

3,914

 

Foreign Exchange Rate

$1 is equal to

Currency

Change

Last

Euro (€)

European Union

0.01

0.73

Yen (¥)

Japan

0.81

97.79

Pound (£)

United Kingdom

0.01

0.62

Yuan ()

China

0.02.00

6.10

Rupee (Rs.)

India

-0.27

61.25

anadian (C$)

Canada

0.01

1.03

Your Favorite Stocks

Company

Bought one stock in Jan-13

This week stock is?

Your gain or loss?

$50.80

67.15

$16.35

$56.64

$61.45

$5.12

$100.29

$95.20 $5.80

Shared Links

Learn what is Foreign Exchange, How is it traded, and how FXCM helps to facilitate Forex trading.
 

The Tech Museum of Innovation

Teaching Kids Entrepreneurship