One of the last stream crossings in the 100 Mile Wilderness, NOBO from Monson
This was one of the best winter hikes I have been on. It was a little cold but a great time and good conditions. 12/29/13
I just want to be on the AT right now. Only three more years until my dream comes true
Investors fret as Fed gets closer to a rate increase
The market struggled after Janet Yellen signaled the federal funds rate could climb as soon as April 2015.
With the federal fund rate now about to go up from its almost 0 percent since 2008, people are unsure what could happen with the market. While overall it is good that the Fed is pulling money out, it shows that the market is recovering well, it is also nerve wrecking for people and causes some unsertinty with people. It is believed that the S&P will remain about constant or have a little loss in 2014, but overall by 2015 it will be on the upward swing. I think it can be a good thing that this is happening but hopefully people do not get afraid and sell out of the stock. Hopefully the US will finally become for financially stable.
American marathoner Kara Goucher leaves Nike, signs with Seattle startup Oiselle
Top American marathoner Kara Goucher is leaving Nike, aligning instead with a little-known women’s apparel startup based in Seattle. Nike reported a 13% rise in sales for its latest quarter on strong global demand.
While Nike can say that losing kara Goucher to another running apparel company will not really effect their over all profit, they may be true, but it shows something about them handling their athletes. I feel that Kara leaving Nike was not about money, but more about personal beliefs. Nike is a controlling company with a large share in the sports industry and advertising, due to this she left because with a small company she can be more outspoken and is not as controlled by the company. I also think it is interesting to see that companies as large as Nike and Adidas still depend on gifted athletes to advertise for them. I honestly think that having athletes advertise for these companies is more important than the actual TV and online advertising that they do. When kids see their favorite athletes wearing NIke gear it is more appealing to them than seeing some cheesy commercial for the product. I remember being a little kid and always wanting to have the cool cleats that my favorite soccer player would wear.
Toyota to pay $1.2 billion to settle U.S. probe, largest such penalty for an auto maker
The U.S. Justice Department extracted a record $1.2 billion criminal penalty from Toyota for misleading consumers about safety problems and sounded a strong warning to General Motors, now in prosecutors’ cross hairs.
As of right now there is a lot of trouble going around the car industry. We have GM facing major recalls, and now Toyota is paying a criminal penalty for lying about safety to its consumers. I feel like the car industry is doing a very poor job on educating their consumers about the actual safety of the companies cars, and they deserve to have to be paying these fines. However, I think it would look better for the company if they stopped caring about profits so much and just told people that there may be a problem with their cars and they should recall them as soon as a problem is found. Keeping people alive is much more important than money.
Pandora boosts price for new subscriptions amid higher costs
Pandora Media said it will be making some changes to its Pandora One subscription plan, including a price increase for new subscribers.
I think that Pandora is making a bad decision by raising their monthly subscription price to $4.99 a month instead of $3.99 per month. I think that people are just going to decide that it is not worth paying that much for music. As of right now I think that Spotify has the best deal going and that they will soon start taking business from Pandora. I am a big Spotify fan and like how you can chose songs to listen to, I think it is a very cool feature and is better than what Pandora has to offer. Pandora also gets stale after awhile and needs some change if they are going to start charging the consumer more money.
Food prices surge as drought exacts a high toll on crops
Surging prices for food staples from coffee to meat to vegetables are driving up the cost of groceries in the U.S., pinching consumers and companies that are still grappling with a sluggish economic recovery.
While I know that it is hard to keep prices of food down when farmers are not able to produce as much as they would like to, due to natural problems such as droughts and such, I do think it is not right that food prices are increasing so much. In the United States there are strong efforts to get people to eat better, due to the rising rate in childhood obesity. However how does anyone expect these programs to work, when the cost of healthy food is exponentially rising. I think that the government needs to step in and help keep the prices of food down, instead of letting the prices uncontrollably rise on people. I think if the food prices keep going up I think people are going to be eating more fast food because the prices do not really change, and its more convenient. Hopefully though the prices do not get out of hand and people can still afford to eat healthy without it putting a huge dent in their pocket.
Adjustable-rate mortgages, key culprits of housing crisis, are back in vogue. But banks say this time is different.
Adjustable-rate mortgages, one of the main culprits of the housing crisis, are back in vogue. But banks say this time is different.
Adjustable-rate mortgages are back in the market and it could be a good or bad thing. Adjustable-rate mortgages, also known as ARMs can be a good thing for many people with high set mortgage rates, however they were the problem of the housing crisis in 2008. The interest rate for the mortgages reset every 5 years, so potentially within a 5 year period you could end up with an astronomically high interest rate that you cant afford. This is what happened in 2008 and many people lost their houses and it cripples the housing industry and economy. It is said that there are many more restrictions on the new ARMs, but who knows that will actually end up happening. I hope that these work our this time and do not once again seriously mess up the economy. Even though the ARMs are high risk I think it is a better option for some people to go with, than the fixed rate mortgages.