One topic of hot debate in Fort Wayne is the Harrison Square Project. Everyone has an opinion about Harrison Square and it seems there are more adversaries than supporters, but one thing is agreed, that Fort Wayne needs SOMETHING to stimulate the economy. In recent news: “While residents got a chance to check out some of the project’s amenities last week, several important financial pieces are scheduled for this week. The City Council Tuesday will hold a public hearing regarding the tax abatement for The Harrison condominium project. If granted – which could be done Tuesday – the tax break would save the project $850,000 over 10 years at current rates.”
My own opinion on the topic is that a baseball field is simply not the answer to our problems. What Fort Wayne should have done was to take the land and literally give it to Sweetwater or Vera Bradley! We need more businesses downtown!! With businesses, come more restaurants, hotels and entertainment thereby stimulating economic growth for Fort Wayne. A baseball field will be open for six months out of the year; I question whether the new business will survive without the baseball crowd no longer visiting downtown after the season is over. What’s your opinion on the topic, I know you have one?!
Monday, February 25, 2008
Friday, February 8, 2008
A Casino in Your Backyard
Last month, a bill for a riverboat casino license went through the Indiana Senate. The bill would have allowed one of the Gary riverboat casino licenses to be transferred to Steuben County in the far northeastern corner of Indiana. Dan Barden wants to consolidate the two Gary Majestic Star Casinos he owns on Lake Michigan into a single, larger operation. Arguments for the casino included, a single, expanded casino would do better and provide at least as much revenue for Gary as the two smaller casinos docked close to each other on Lake Michigan. He also argued that a casino in Steuben County would draw a lot of business from Michigan and Ohio. Meeks argues the move could create 800 jobs. The County had the second-highest unemployment rate in the state in October.
Although the bill did not pass this time around, that doesn’t mean there won’t be more to come in the future. In my opinion, the casino is not a good development. I agree that it will help create jobs, therefore lowering the unemployment rate, but it could tear families apart. The people that will be patrons of the casino will become regulars and it will lead to an addiction to gambling. Because of the immediate rate of gratification, becoming addicted to gambling is easy. The riverboat is probably going to bring in people who live in the poorest parts of the county. In turn, they will go in debt therefore creating more economic problems than before. What do you think about this issue? How would you feel about a casino in your backyard?
Although the bill did not pass this time around, that doesn’t mean there won’t be more to come in the future. In my opinion, the casino is not a good development. I agree that it will help create jobs, therefore lowering the unemployment rate, but it could tear families apart. The people that will be patrons of the casino will become regulars and it will lead to an addiction to gambling. Because of the immediate rate of gratification, becoming addicted to gambling is easy. The riverboat is probably going to bring in people who live in the poorest parts of the county. In turn, they will go in debt therefore creating more economic problems than before. What do you think about this issue? How would you feel about a casino in your backyard?
Tuesday, February 5, 2008
Continuance of the Super Bowl Stock Market Predictor
As we all know by now, the New York Giants are the Super Bowl XLII champs! But what does this mean for the future of the stock market? Based on my previous post about the Super Bowl Stock Market Predictor, stock prices will rise during years in which the NFC wins the Super Bowl and decline in years the AFC wins. The New York Giants are part of the NFC, therefore according to this theory we should see an overall rise in the annual return in all shares. Actual returns are generally the result of trends in the P/E ratio. So maybe we’ll see a rise in investments. For the time being, we’ll have to wait on the edge of our seats to find out if this theory holds true this year.
Sunday, February 3, 2008
Super Bowl Stock Market Predictor
It’s game time! The Super Bowl is the most watched television program of the year. That’s probably not breaking news to you. But are you aware that as millions of Americans are eating, drinking or in other words watching their waste sizes grow and cheering their favorite teams on to victory, that they are also watching a game that determines the fate of the stock market? Studies show that there is a relationship between the outcome of the Super Bowl and the performance of the stock market. It’s known as the Super Bowl Stock Market Predictor (SBSMP).
The National and American Football Leagues merged in 1966 and created the Super Bowl as the focus of both leagues seasons. According to the SBSMP, stock prices will rise during years in which the NFC wins the Super Bowl and decline in years the AFC wins. This prediction applies to all shares, whether included in the New York Stock Exchange, S&P 500, Dow Jones Industrial Average, American Stock Exchange, or NASDAQ.
The SBSMP correctly predicted the sign of the annual return for the NYSE twenty nine out of thirty six times. That’s over eighty percent accurate. For a more detailed look into the correlation between the Super Bowl victors and the stock market, look at this report: http://www.uwlax.edu/BA/fin/Research/Super%20Bowl%20Predictor.pdf. This site provides charts and data to support this theory. As well as an in depth look as to why the phenomenon works! For now, let’s watch the game and worry about the stock market tomorrow!
The National and American Football Leagues merged in 1966 and created the Super Bowl as the focus of both leagues seasons. According to the SBSMP, stock prices will rise during years in which the NFC wins the Super Bowl and decline in years the AFC wins. This prediction applies to all shares, whether included in the New York Stock Exchange, S&P 500, Dow Jones Industrial Average, American Stock Exchange, or NASDAQ.
The SBSMP correctly predicted the sign of the annual return for the NYSE twenty nine out of thirty six times. That’s over eighty percent accurate. For a more detailed look into the correlation between the Super Bowl victors and the stock market, look at this report: http://www.uwlax.edu/BA/fin/Research/Super%20Bowl%20Predictor.pdf. This site provides charts and data to support this theory. As well as an in depth look as to why the phenomenon works! For now, let’s watch the game and worry about the stock market tomorrow!
Friday, February 1, 2008
Current Events Effect on the Economy
It rains in Brazil, terrorists attack, OPEC changes output levels, a natural disaster hits the U.S. What do all of these events have in common? The occurrences of these events all effect the economy, whether it is on a global or local scale. These incidents also shift the stock market in a measurable and consistent way.
Peter Navarro is the author of the book "If It’s Raining in Brazil, Buy Starbucks". According to this book, when rain interrupts a drought in Brazil, the price of coffee beans decrease. Therefore Starbucks along with other coffee vendors make more profits. Consequently their stock price increases.
Current events impact our economy everyday. Understanding how the news affects the market in advance could potentially make you a more profitable investor. This blog is designed to explore differenct case studies for a better understanding of why and how current events shape and change our economy.
http://www.amazon.com/Its-Raining-Brazil-Buy-Starbucks/dp/0071433198
Peter Navarro is the author of the book "If It’s Raining in Brazil, Buy Starbucks". According to this book, when rain interrupts a drought in Brazil, the price of coffee beans decrease. Therefore Starbucks along with other coffee vendors make more profits. Consequently their stock price increases.
Current events impact our economy everyday. Understanding how the news affects the market in advance could potentially make you a more profitable investor. This blog is designed to explore differenct case studies for a better understanding of why and how current events shape and change our economy.
http://www.amazon.com/Its-Raining-Brazil-Buy-Starbucks/dp/0071433198
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