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      <title>Principles of Macroeconomics  by Wilkins Cameron</title>
      <link>https://padlet.com/cwil520/dt1kmkl36mvu</link>
      <description></description>
      <language>en-us</language>
      <pubDate>2020-01-22 18:28:02 UTC</pubDate>
      <lastBuildDate>2026-02-12 05:10:58 UTC</lastBuildDate>
      <webMaster>hello@padlet.com</webMaster>
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         <title>Week 1</title>
         <author>cwil520</author>
         <link>https://padlet.com/cwil520/dt1kmkl36mvu/wish/436600050</link>
         <description><![CDATA[<div>US Threatens to Hike Tariffs in UK Car Exports <br><a href="https://www.cnn.com/2020/01/22/business/steven-mnuchin-uk-car-taxes/index.html">https://www.cnn.com/2020/01/22/business/steven-mnuchin-uk-car-taxes/index.html<br><br></a>Summary:<br>This CNN article describes how the United States is taking consideration on imposing taxes on cars made in the United Kingdom if the the UK moves along with digital services in the U.S. With this being said, the U.S. believes it's only right if they continue to tax digital companies in the United States, why not tax car companies. Both countries are working to compromise on agreement of tariffs on the foreign companies.<br><br>Reaction:<br>There was an aspect of this CNN article that was interesting to me. This was how early both countries came to a compromise to agree on establishing new rules for how countries are able to "collect taxes on digital services sold by companies based in other markets." Therefore, this suspended the tax until the end of the year of 2020. If these tariffs were continue to be in place both countries would both be affected. <br><br>Relation to the Class:<br>This article directly relates to Macroeconomics firstly because of a worldly negative trade-off: Imposing a tariff to inflict damage on those in the UK to combat the taxes put on them for digital services. Their threat pushes an agreement as thinking at the margin comes into play, because the value of UK car imports with a tariff to France and the UK and other countries is not a greater than the digital tax that France has imposed and other Countries plan to impose.  This causes a large discussion on how they can come to an agreement on how countries can collect taxes on digital services that are being sold by companies based in other markets. The US was smart in their part because they realize that around 20% of UK car exports are to the US so a tariff would harm an already declining industry in the UK. <br><br>Honesty Pledge: <br>I have neither given nor received unauthorized aid in completing this work, nor have I presented someone else's work as my own - Cameron K Wilkins<br><br>Riley, Charles. “US Threatens to Hike Tariffs on UK Car Exports.” CNN. Cable News Network, January 22, 2020. https://www.cnn.com/2020/01/22/business/steven-mnuchin-uk-car-taxes/index.html. <br><br></div>]]></description>
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         <pubDate>2020-01-27 18:45:36 UTC</pubDate>
         <guid>https://padlet.com/cwil520/dt1kmkl36mvu/wish/436600050</guid>
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         <title>Week 2</title>
         <author>cwil520</author>
         <link>https://padlet.com/cwil520/dt1kmkl36mvu/wish/437716953</link>
         <description><![CDATA[<div>How McDonald's Plans to Win Customers Back<a href="https://www.cnn.com/2020/01/29/business/mcdonalds-earnings/index.html"><br>https://www.cnn.com/2020/01/29/business/mcdonalds-earnings/index.html</a><br><br>Summary: <br>This CNN article describes how McDonald's is attempting to prevent the decline of United States customers in the large company. With this, people are spending more money on the food McDonald's sells, but the amount of the customers is slowly decreasing. Also, on the other hand, McDonald's is facing competitive problems. Now, this food chain company has a large supply change and many locations, so a slight menu change as a huge affect when from a competitive standpoint. <br><br>Reaction: <br>There was an aspect of the CNN article that surprised me the most. This surprise was that although sales jumped about 5.9% creating one of the best performs in 13 years, but this was with a decline of customers. I was surprised to see that revenue was through the roof, but less customers were visiting this food chain. Also, I was surprised to see how heavy McDonald's   focuses on the breakfast portion of the this food chains, but now, many other food chains are moving a long the same lines. <br><br>Relation to the Class: <br>This article directly relates to Macroeconomics. First, McDonalds is one of the many food changes in the United States, so already this food supply chain has competition within the market. Also, this article is related to the national productivity piece of economics. If a food supply chain is producing food and it becomes popular, the other food chains will pursue the same production of food making the national productivity of that specific food to increase drastically. On the same token, this is a pure example of rationality assumptions. People are saying McDonald is trying to win back customers for more revenue, but in all reality, McDonalds never actually was quoted or said this to be true. Therefore, this directly relates to rationality assumption. <br><br>Honesty Pledge: <br>I have neither given nor received unauthorized aid in completing this work, nor have I presented someone else's work as my own - Cameron K Wilkins <br><br>Wiener-Bronner, Danielle. “Better Breakfast and Chicken Sandwiches: How McDonald's Plans to Win Customers.” CNN. Cable News Network, January 29, 2020. <a href="https://www.cnn.com/2020/01/29/business/mcdonalds-earnings/index.html.">https://www.cnn.com/2020/01/29/business/mcdonalds-earnings/index.html.</a></div>]]></description>
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         <pubDate>2020-01-29 17:41:49 UTC</pubDate>
         <guid>https://padlet.com/cwil520/dt1kmkl36mvu/wish/437716953</guid>
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         <title>Week 4</title>
         <author>cwil520</author>
         <link>https://padlet.com/cwil520/dt1kmkl36mvu/wish/444502257</link>
         <description><![CDATA[<div>The Coronavirus is Letting the Safe- Haven Dollar Shine <br><a href="https://www.cnn.com/2020/02/11/investing/safe-haven-dollar-coronavirus/index.html">https://www.cnn.com/2020/02/11/investing/safe-haven-dollar-coronavirus/index.html<br></a><br>Summary: <br>This CNN article describes how the U.S dollar could potentially be strong due to the Coronavirus outbreak. Seeing the United States has a strong economy, investors benefit with this virus on board. It is apparent that investing money into "safer bets", like the U.S dollar. With this, the United States currency goes hand and hand with European currency. When one drops, the others increases. We have seen the European currency have consist problems. With the Coronavirus outbreak, this puts a toll on the European currency, but affects U.S currency in a positive way.<br><br>Reaction: <br>There was an aspect of this CNN article that was interesting to me. I think that it actually has a negative affect, but on the fact that it negatively affects the growth of economic expansion. Due to countries like China, the second largest economy behind the United States, puts a hold on a lot of production for the United Sates. Oppose to having a negative affect on the economy, I do agree on the fact that safer investments can be made, due to this new and occurring virus. Other than putting investments into the U.S dollar, also investments into gold and US treasury bonds. <br><br>Relation to the Class: <br>This article directly relates to economics firstly because of global economic expansion. The Coronavirus puts hold on countries like China because people are evacuating and not going into work affecting production. This directly relates too GDP. The Growth Domestic Product growth rate to drop. If we look at China, it is responsible for about 39% of the global economic growth. Opposes<br><br>Honesty Pledge:<br>I have neither given nor received unauthorized aid in completing this work, nor have I presented someone else's work as my own - Cameron K Wilkins <br><br>Tappe, Anneken. “The Coronavirus Outbreak Is Letting the Safe-Haven Dollar Shine.” CNN. Cable News Network, February 11, 2020. <a href="https://www.cnn.com/2020/02/11/investing/safe-haven-dollar-coronavirus/index.html">https://www.cnn.com/2020/02/11/investing/safe-haven-dollar-coronavirus/index.html.</a><br><br><br></div>]]></description>
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         <pubDate>2020-02-12 17:34:33 UTC</pubDate>
         <guid>https://padlet.com/cwil520/dt1kmkl36mvu/wish/444502257</guid>
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         <title>Week 5 </title>
         <author>cwil520</author>
         <link>https://padlet.com/cwil520/dt1kmkl36mvu/wish/447210572</link>
         <description><![CDATA[<div>Colorado Sold a Record $1.75 Billion of Cannabis Last Year <br><a href="https://www.cnn.com/2020/02/18/business/colorado-cannabis-record-sales-2019/index.html"> https://www.cnn.com/2020/02/18/business/colorado-cannabis-record-sales-2019/index.html</a><br><br>Summary: <br>This CNN article describes how Colorado sold a record $1.75 billion of Cannabis in 2019 alone. Colorado being the longest established recreational industry in the world.  Colorado's cannabis sales increased 13% from the previous year,  coming up from a 2.5% year-over-year growth rate in 2017 to 2018. <br><br>Reaction: <br>There was an aspect of the CNN article that was interesting to me. I think that in the state of Colorado since the revenue as increase in the state alone by 2.5%  year-over-year,  is good for the overall economy. Also, in the same case, I believe that if the production of cannabis will increase if more states legalize it. When doing this, this creates more revenue for a country as whole, as well as the economy itself.  Knowing the state of Colorado is creating billions of dollars in revenue this may influence other states to legalize cannabis if it creates more job opportunity and increase its economy as a whole. <br><br>Relation to the Class: <br>This article directly relates to macroeconomics and microeconomics. First off, in Colorado since cannabis is legalized, this creates more jobs in the cannabis industry. With more jobs itself, it boost economic growth. At the same time, this article directly relates because productivity increases within an economy. If more people have jobs in the industry, the more individuals   will create this product and sell it to consumers. If most states follow in the path that Colorado is in, then potential revenue could increase world wide, boosting productivity, creating jobs, and increasing the economy growth as a whole. <br><br>Honest Pledge: <br>I have neither given nor received unauthorized aid in completing this work, nor have I presented someone else's work as my own - Cameron K Wilkins <br><br>Wallace, Alicia. “Colorado Sold a Record $1.75 Billion of Cannabis Last Year.” CNN. Cable News Network, February 18, 2020. <a href="https://www.cnn.com/2020/02/18/business/colorado-cannabis-record-sales-2019/index.html">https://www.cnn.com/2020/02/18/business/colorado-cannabis-record-sales-2019/index.html.</a><br><br></div>]]></description>
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         <pubDate>2020-02-19 02:46:42 UTC</pubDate>
         <guid>https://padlet.com/cwil520/dt1kmkl36mvu/wish/447210572</guid>
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         <title>Week 3</title>
         <author>cwil520</author>
         <link>https://padlet.com/cwil520/dt1kmkl36mvu/wish/451169230</link>
         <description><![CDATA[<div>1,000 Workers, Go Home: Companies Act to Ward Off Coronavirus<br><a href="https://www.nytimes.com/2020/02/26/business/coronavirus-businesses.html">https://www.nytimes.com/2020/02/26/business/coronavirus-businesses.html</a><br><br>Summary:<br>This New York Times article describes how people in Europe are being forced out of their jobs and business are refining their protocols for when the coronavirus potentially comes in contact. Majority people are without jobs or are working from home due to this pandemic. Some companies offering paid leaves and others suggesting layoffs. This effects the global economy tremendously. Leaving people without work for an unknown amount of time. <br><br>Reaction:<br>There was an aspect of this New York times article that caught my attention. I did not realize people being removed from jobs or removed from companies had such a big toll on the economy as a whole. I think companies made both a good decision and bad decision when demanding people to leave their jobs. I think it effects the economy in a negative way possibly causing a recession. On the other hand, I think it is a positive thing because it allow individual to move away from the potential speeding of the coronavirus.<br><br>Relation to the Class: <br>This article directly relates on macroeconomics standpoint because it has an immediate effect on GDP. The Gross Domestic Product decrease due to individuals being demanded to leave their jobs. This means there are less jobs available for those in need of jobs. With people not attending work, it effects production on individuals.  This virus is affecting supply chains and disrupting companies. It is having a negative and immediate impact on businesses. With this being said, GDP is unable to be maintained with individuals being removed from the workplace. <br><br>Honesty Pledge: <br>I have neither given nor received unauthorized aid in completing this work, nor have I presented someone else's work as my own - Cameron K Wilkins <br><br>Yaffe-bellany, David. “1,000 Workers, Go Home: Companies Act to Ward Off Coronavirus.” The New York Times. The New York Times, February 26, 2020. <a href="https://www.nytimes.com/2020/02/26/business/coronavirus-businesses.html">https://www.nytimes.com/2020/02/26/business/coronavirus-businesses.html.</a></div>]]></description>
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         <pubDate>2020-02-27 02:59:51 UTC</pubDate>
         <guid>https://padlet.com/cwil520/dt1kmkl36mvu/wish/451169230</guid>
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         <title>Week 6 </title>
         <author>cwil520</author>
         <link>https://padlet.com/cwil520/dt1kmkl36mvu/wish/457668009</link>
         <description><![CDATA[<div>Stock Markets Are Rebounding After Monday Route: Live Updates <br><a href="https://www.nytimes.com/2020/03/10/business/stock-market-today.html">https://www.nytimes.com/2020/03/10/business/stock-market-today.html</a><br><br>Summary: <br>This New York Time article goes into depth about how the stock markets about becoming revived. Investors are buying stocks again after a slight drought in the market after the Coronavirus. S&amp;P 500 had one of the biggest declines in a decade due to this virus, but now is rebounding. No only have the U.S stocks have been coming back or rebounding, but so has European stocks are climbing. The market volatility is has reached levels last seen during the financial crisis. <br><br>Reaction: <br>My initial reaction to this New York times article is surprised. Although now there are gains of the stock market, it didn't make up for the the global or economic plunge. I'm confused by this. If stocks are beginning to climb once again, then why did S&amp;P 500  drop about 8% in a single day, which was the deepest daily decline since 2008? Then again, due to the Coronavirus I'm not surprise it's down 19%. <br><br>Relation to Class: <br>This New York Times article directly relates to both Macroeconomics because the Coronavirus has a direct impact on the stock market, which has a direct impact on the overall economy itself. Stocking trading allows for individuals as well as business to raise capital to potential launch product lines and increase/expand operations. The stock market is an economic indicator for the U.S economy. If the  stock market declines it affect business as well as consumer spending, both in which affect the economy as a whole. So, therefore, the Coronavirus affects the stock market negatively, but it's surprising that S&amp;P 500 index is rebounding after the pandemic. the "S&amp;P 500 ended nearly 5 percent higher — recouping more than half of the previous day’s losses — in its biggest one-day gain since December 2018." <br><br>Honesty Pledge:<br>I have neither given nor received unauthorized aid in completing this work, nor have I presented someone else's work as my own - Cameron K Wilkins <br><br>“Stock Markets Are Rebounding After Monday's Rout: Live Updates.” The New York Times. The New York Times, March 10, 2020. <a href="https://www.nytimes.com/2020/03/10/business/stock-market-today.html.">https://www.nytimes.com/2020/03/10/business/stock-market-today.html.</a><br><br><br><br><br><br></div>]]></description>
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         <pubDate>2020-03-10 15:15:54 UTC</pubDate>
         <guid>https://padlet.com/cwil520/dt1kmkl36mvu/wish/457668009</guid>
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         <title>Week 7 </title>
         <author>cwil520</author>
         <link>https://padlet.com/cwil520/dt1kmkl36mvu/wish/463902549</link>
         <description><![CDATA[<div>Boeing Mirrors the Economy. It Doesn't Look Good<br><a href="https://www.nytimes.com/2020/03/17/business/economy/boeing-coronavirus-economy.html">https://www.nytimes.com/2020/03/17/business/economy/boeing-coronavirus-economy.html</a><br><br>Summary:<br>This New York times article describes how the Boeing Company, an American Airlines company, stock has dropped about 40% in just the last five days. After Boeing was coming off its worse year due to two planes crashing, the Coronavirus is causing even more complications. People are traveling much less. The decrease of its stock price is causing the markets to plummet in recent weeks.<br><br>Reaction: <br>There was barley any pieces of this New York Times article that really surprised me. With Boeing's stock dropping and the Coronavirus only getting worse, it could have a very bad affect on the economy. In order for Boeing to rebound, I think individuals should attempt to save Boeing. The only surprise that came to me is that attempting keep Boeing factories open while this virus continues on. Yes, there is potential for some workers to become sick, but that's the risk this company I believe should take due to be airline travels, the United States line of defense for the army, as well as job opportunities. <br><br>Relation to Class:<br>This New York Times article directly relates to economics because of job opportunity. If Boeing decides to shut down job operations this cause a mass layoff, which the starts a decline in the overall economy. Also, a mass layoff would put Boeing itself in a very difficult situation. The quality of travelers have reduced causing Boeing's revenue to decrease a whole lot. Even before the Coronavirus outbreak, its production was cut in half, laying off tens of thousands of workers, which causes the economy production to immediately drop. <br><br>Honesty Pledge:<br>I have neither given nor received unauthorized aid in completing this work, nor have I presented someone else's work as my own - Cameron K Wilkins <br><br>Gelles, David, and Natalie Kitroeff. “Boeing Mirrors the Economy. It Doesn't Look Good.” The New York Times. The New York Times, March 17, 2020. <a href="https://www.nytimes.com/2020/03/17/business/economy/boeing-coronavirus-economy.html">https://www.nytimes.com/2020/03/17/business/economy/boeing-coronavirus-economy.html.</a><br><br></div>]]></description>
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         <pubDate>2020-03-18 01:25:28 UTC</pubDate>
         <guid>https://padlet.com/cwil520/dt1kmkl36mvu/wish/463902549</guid>
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         <title>Week 8</title>
         <author>cwil520</author>
         <link>https://padlet.com/cwil520/dt1kmkl36mvu/wish/473741964</link>
         <description><![CDATA[<div> Business Fallout: Nike Cites Jump in Online Sales in China <br><a href="https://www.usnews.com/news/business/articles/2020-03-24/business-activity-plummets-but-markets-rally-on-fed-support">https://www.usnews.com/news/business/articles/2020-03-24/business-activity-plummets-but-markets-rally-on-fed-support</a><br><br>Summary: <br>While the Coronavirus his still having a huge impact on the world, Nike stores have been shut down since March 16th, 2020. Not only in the United States was this put into place, but in China. Nearly 5,000 stores have be closed. Although these stores been closed production continues. Nike's online sales have rocketed in China during the virus outbreak, which helped Nike "offset a plunge in revenue."  <br><br>Reaction: <br>In this US News article, I was not surprised at the fact that majority of  Nike stops closed in China and production manufacturing and sales all moved online. I was surprised at the fact nearly 5,000 stores were closed, now majority are reopening. It came to a surprise because although the outbreak is getting better, potentially another outbreak could happen quickly because China  has a such a dense population. Online sales jumped up 30% in the third quarter alone, although overall production sales decreased by nearly 4%. This static doesn't come to a surprise to me at all. If the production sales are moved online and stores are shut down, then customers have no other choice to purchase products online. <br><br>Relation to the Class: <br>From a macroeconomic standpoint, this US News article directly relates. Many companies, like Nike have been saying drastic fallout periods during the Coronavirus outbreak. Therefore, individuals are buying less shares and pulling money out of the markets. In this case, we Nike shut down many stores around the United States, Western Europe, and even China. Although this happens in order to continue to keep the production of their products up, the move to strictly online sales. This increase Nike's online production revenue, but decreases in store production sales. More consumers would rather purchase Nike products in store, but now that stores have shut down those consumers are forced to make purchases online. Hence the case there  was 30% increase in line production sales, but a 4% decrees in overall sales. <br><br>Honest Pledge: <br>I have neither given nor received unauthorized aid in completing this work, nor have I presented someone else's work as my own - Cameron K Wilkins<br><br>“Business Fallout: Nike Cites Jump in Online Sales in China.” U.S. News &amp; World Report. U.S. News &amp; World Report. Accessed March 25, 2020. <a href="https://www.usnews.com/news/business/articles/2020-03-24/business-activity-plummets-but-markets-rally-on-fed-support">https://www.usnews.com/news/business/articles/2020-03-24/business-activity-plummets-but-markets-rally-on-fed-support.</a></div>]]></description>
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         <pubDate>2020-03-25 00:26:06 UTC</pubDate>
         <guid>https://padlet.com/cwil520/dt1kmkl36mvu/wish/473741964</guid>
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         <title>Week 9 </title>
         <author>cwil520</author>
         <link>https://padlet.com/cwil520/dt1kmkl36mvu/wish/486616896</link>
         <description><![CDATA[<div>US Companies Cut 27,000 Jobs Before the Worst of the Coronavirus Shutdown, Millions More Coming<br><a href="https://www.cnbc.com/2020/04/01/adp-jobs-report-companies-cut-27000-jobs-before-the-worst-of-the-coronavirus.html">https://www.cnbc.com/2020/04/01/adp-jobs-report-companies-cut-27000-jobs-before-the-worst-of-the-coronavirus.html</a><br><br>Summary:<br>In early March, may companies have reduced payroll of nearly 27,000 people before the worst of the COVID-19. Job loses were much worse than expected by the millions of individuals who applied for unemployment claims. In the United States, the total job lose will reach anywhere from 10 to 15 million people. At the start of this virus out =break, many people were getting cut from jobs, but it was only the beginning. Many people thought it may have been at its worst., but little did they know, it was only getting started. A lower percentage, only 6% of jobs are hiring. While usually this is compared to a 40% of jobs are hiring per month. All of small business, medium businesses, and trades jobs were affected by these pay rolls cuts in early March. <br><br>Reaction: <br>In this CNBC article it does not come to a surprise that such a large number of payrolls were cut. Knowing that this virus is very contagious and easily spreadable, employment was bound to decrease drastically and companies would definitely decrease individuals payrolls. Although this was not a surprised, I was taken back by the fact people starts making unemployment claims when they were unaware of when this Coronavirus would come stop spreading or continue on with more severe numbers. In my perspective, this biggest statistic within this article is that the St. Louis Federal Reserve as predicted about 47 million payroll layoffs and unemployment will reach a high of 32%. <br><br>Relation to the Class: <br>This CNBC article directly relates to Macroeconomics because displaying unemployment rates and payroll layoffs. Usually, the result of unemployment is due to the wages being kept above the equilibrium level. But in this case, unemployment is cause by people opting out of companies or having payroll layoffs. Also, the more individuals who are being layoff, then the less production within the economy. If less people are working with no wages and minimal income, then they are forced to buy products under budget and buy only necessities. Which then decrease the economy productions level. <br><br>Honest Pledge: <br>I have neither given nor received unauthorized aid in completing this work, nor have I presented someone else's work as my own - Cameron K Wilkins<br><br>JeffCoxCNBCcom. “US Companies Cut 27,000 Jobs before the Worst of the Coronavirus Shutdown, Millions More Coming, ADP Says.” CNBC. CNBC, April 1, 2020. https://www.cnbc.com/2020/04/01/adp-jobs-report-companies-cut-27000-jobs-before-the-worst-of-the-coronavirus.html.<br><br></div>]]></description>
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         <pubDate>2020-04-01 13:19:18 UTC</pubDate>
         <guid>https://padlet.com/cwil520/dt1kmkl36mvu/wish/486616896</guid>
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         <title>Week 10</title>
         <author>cwil520</author>
         <link>https://padlet.com/cwil520/dt1kmkl36mvu/wish/499010767</link>
         <description><![CDATA[<div>Four out of Five People's Jobs Hit by Pandemic<br><a href="https://www.bbc.com/news/business-52199888">https://www.bbc.com/news/business-52199888</a><br><br>Summary: <br>81% of the workforce of 3.3 billion people in the world have been affected by this Coronavirus. People's jobs are being either partially or completely closed. Since there are restrictions of daily activities of people in the world, companies and corporations are laying off  their employees either permanently or temporarily. As this pandemic continues, unemployment is growing rapidly. <br><br>Reaction: <br>In this BBC article it explains how more people are being  released from the workforce either temporarily or even permanently. This is not surprising to me at all. Many companies have be taking action against the Coronavirus. The only piece that surprises me is 81% is being lay off. Although jobs are releasing workforce members, that percentage is very high. The current pandemic outbreak is expected to wipe out nearly 6.7% of peoples work hours.  The equivalent of this is 195 million people who work full time could potentially lose their jobs and become unemployed.<br><br>Relation to Class: <br>This BBC article directly relates to Macroeconomics. For instance, if many companies and corporations are releasing people from the workforce, it brings the unemployment rates up, especially if this is happening globally at such a large quantity. Many different sectors of the economy itself is being hit due to the downturn in the workforce. From an economic standpoint, when individuals are left unemployed this puts a toll on different economic factors like; food industries and services, whole sales, manufacturing companies, real estate, retail businesses, and business alone. All of those account for nearly 38% of the global workforce. So, if 1.25 billion people in those industries are being laid off and unemployed the production in the economy drops, while unemployment rate increases. <br><br>Honest Pledge: <br>I have neither given nor received unauthorized aid in completing this work, nor have I presented someone else's work as my own - Cameron K Wilkins<br><br>“Coronavirus: Four out of Five People's Jobs Hit by Pandemic.” BBC News. BBC, April 7, 2020. <a href="https://www.bbc.com/news/business-52199888">https://www.bbc.com/news/business-52199888.<br></a><br><br><br></div>]]></description>
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         <pubDate>2020-04-08 15:55:25 UTC</pubDate>
         <guid>https://padlet.com/cwil520/dt1kmkl36mvu/wish/499010767</guid>
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         <title>Week 11</title>
         <author>cwil520</author>
         <link>https://padlet.com/cwil520/dt1kmkl36mvu/wish/508253674</link>
         <description><![CDATA[<div>Doctors Worry the Coronavirus is keeping patients away from the US Hospitals as ER Visits Drop<br><a href="https://www.cnbc.com/2020/04/14/doctors-worry-the-coronavirus-is-keeping-patients-away-from-us-hospitals-as-er-visits-drop-heart-attacks-dont-stop.html">https://www.cnbc.com/2020/04/14/doctors-worry-the-coronavirus-is-keeping-patients-away-from-us-hospitals-as-er-visits-drop-heart-attacks-dont-stop.html</a><br><br>Summary:<br>As more Coronavirus patients are going to the emergency rooms across the country, less patients who don't have COVID-19 are staying out of ER's. Emergency room visits have dropped nearly 50% across New York City Health + Hospital locations. This trend is continued to be seen worldwide. If individuals continue this fear of going to emergency rooms, it could potentially have a long-lasting public health consequences, said David Rod Hochman, CEO of Providence ST. Joseph Health located in the Seattle, Washington area.<br><br>Reaction:<br>In this CNBC article, I was not surprised at the statics of about 50% of the emergency room visits have declined. More individuals who have COVID-19 are getting treated in hospitals, but if you don't show symptoms nor have the virus it's more likely this individuals don't want to contracts the coronavirus in the hospital. With this being since, with individuals not wanting to go to hospitals does this put a toll on the people who have bad outcomes of cancer, strokes and seizers, or heart disease just because they are putting off hospital visits out of fear. Although people are afraid to contracting the virus in emergency rooms , this CNBC article says that's not the only thing keep people out of hospitals, but less injuries are occurring. This doesn't come to a surprise to me at all because majority people in the country have been in some sort of quarantine since this pandemic outbreak. <br><br>Relation to Class: <br>This CNBC article relates to Macroeconomics because it affects the overall economy. If patients aren't willing to take emergency rooms visits who have bad outcomes of cancer, heart disease, seizures or strokes due to the fear of contracting the virus, then potentially a lot more people are susceptible to die. If the happens, if individuals are dying at higher rates  it affects the value of lost output approach to be able to project the GDP losses of an annual period through 20115-2030, and a value of lost welfare approach which measures the total amount of economic welfare losses in single year. The more individuals of who, the higher the GDP percentage loss.<br><br>Honest Pledge: <br>I have neither given nor received unauthorized aid in completing this work, nor have I presented someone else's work as my own - Cameron K Wilkins<br>Feuer, William. “Doctors Worry the Coronavirus Is Keeping Patients Away from US Hospitals as ER Visits Drop: 'Heart Attacks Don't Stop'.” CNBC. CNBC, April 14, 2020. <a href="https://www.cnbc.com/2020/04/14/doctors-worry-the-coronavirus-is-keeping-patients-away-from-us-hospitals-as-er-visits-drop-heart-attacks-dont-stop.html">https://www.cnbc.com/2020/04/14/doctors-worry-the-coronavirus-is-keeping-patients-away-from-us-hospitals-as-er-visits-drop-heart-attacks-dont-stop.html.</a><br><br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2020-04-15 11:16:11 UTC</pubDate>
         <guid>https://padlet.com/cwil520/dt1kmkl36mvu/wish/508253674</guid>
      </item>
      <item>
         <title>Week 12</title>
         <author>cwil520</author>
         <link>https://padlet.com/cwil520/dt1kmkl36mvu/wish/523205266</link>
         <description><![CDATA[<div>Chipotle Earnings  Top Estimates as Dinners Shifted Orders Online, Driving Its Digital Sales Up 81%<br><a href="https://www.cnbc.com/2020/04/21/chipotle-mexican-grill-cmg-q1-2020-earnings.html">https://www.cnbc.com/2020/04/21/chipotle-mexican-grill-cmg-q1-2020-earnings.html</a><br><br>Summary: <br>Chipotle reported first-quarter earnings per share at $3.08 with a  revenue of $1.41 billion. Same-store had increased 3.3%, even though overall transactions dropped 1.4%. Chipotle responded to the coronavirus outbreak by increasing hourly employee pay by 10% and handing out first-quarter bonuses.<br><br>Reaction: <br>In this CNBC article, I was a little surprised by the statistics by not that much. Although social distancing  is affecting many restaurants industries, shares of the Chipotle company rose 6% in extended trading, which is surprising because majority of food industry companies shares are dropping. Also, during this time, both net sales rose(7.8%) and same store sales rose (3.3%), even with the company's overall transactions dropping. <br><br>Relation to Class: <br>From a macroeconomics standpoint, this CNBC article directly relates. Since COVID-19 has been an issue, the economy has been on a downfall. People are earning little to no income.  Majority of food industries are struggling to produce revenue, but Chipotle is one if few food industries still seeing progress through digital sales. With many people out of jobs and unemployed, Chipotle has responded to the outbreak by increasing hourly pay to employees by 10% and giving out first quarter bonuses. This will increase the chance for consumers to interact with the economy's market  more employees. <br><br>Honest Pledge: <br>I have neither given nor received unauthorized aid in completing this work, nor have I presented someone else's work as my own - Cameron K Wilkins<br><br>KateRogers. “Chipotle Earnings Top Estimates as Diners Shifted Orders Online, Driving Its Digital Sales up 81%.” CNBC. CNBC, April 21, 2020. https://www.cnbc.com/2020/04/21/chipotle-mexican-grill-cmg-q1-2020-earnings.html.<br><br></div>]]></description>
         <enclosure url="" />
         <pubDate>2020-04-22 14:40:31 UTC</pubDate>
         <guid>https://padlet.com/cwil520/dt1kmkl36mvu/wish/523205266</guid>
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