The Unlucky Lesson

There once was a young girl who as so good at games of luck and chance that people would travel great distances simply to find out her secret. However every single person left disappointed, for her answer was always the same, "There is no answer, secret or formula to the blessing of good luck."
One day the young girl unknowingly beat a very rich official at a dice game of luck. Outraged the official ordered for the girl to be seized and tested for he must find out how she had beat him.
The girl underwent testing and questioning but she always answered the same, "There is no answer, secret or formula to the blessing of good luck."
After a while of being imprisoned the girl woke to find her door and every door from there on out, open. She then walked home to find that the greedy official who had so wanted her secret had died that night. When the villagers asked the girl how she had escaped she simply smiled and said, "There is no answer, secret or formula to the blessing of good luck."

Employment Insurance

Keynes- believed that government intervention into the economy was necessary to increase the total spending and lift the economy out of a recession.

Hayek- Governments who plan their societies are doomed to fail .Humans are simply too complex and can never match the natural evolutionary wisdom that comes from a free society. His theory was based on the Soviet Union and Nazi Germany, both of which failed.

Employment Insurance

                Hayek and Keynes supporters would have very different views on Canadian employment insurance however I think the idea of employment insurance fits better with the views of a Keynes supporter.  Employment insurance is a service provided Canadian`s who have lost their job through no fault of their own. (Employment Insurance, 2011)Employment insurance is provided by the government taking money off of every pay check of all employee`s in the workforce an setting it into a fund. This is the fund which the money then comes out of to pay the unemployment insurance. Yearly the government handles 42 billion dollars (Congress, 2003), off of hardworking Canadian’s pay checks. The reason that I think a Keynes supporter would agree with the concept of employment insurance is that the concept involves the government handling large amounts of money and redistributing them to people who don`t have a current income so that they still have money to spend in the economy. Keynes once said “A claim for equality of material position can be met only by a government with totalitarian powers.” (Keynes, 2010) What was meant by this quote was that A Hayek supporter would disagree with health insurance. A few possible arguments made by a Hayek supporter could include that if the government did not take the money off of the pay checks then money could be left to the people working to spend, still leaving the money in the economy to spend and causing the government less hassle. “By a continuing process of inflation, and intervention, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.” (Hayek, 2010-2011)This illustrates how Hayek supporters hold the view that by leaving things alone and not having government intervene that everything will naturally right itself. So as you can see Keynes and Hayek had different views and their supporters have different views but no matter how they feel about it Employment Insurance is a part of Canada and shall remain a part until proven non- needed.

Bibliography

Congress, C. (2003, July 10). Executive Summary. Retrieved February 16, 2010, from Department of Finance: http://www.fin.gc.ca/consultresp/eiratesresp_3-eng.asp#Executive%20Summary

Employment Insurance. (2011, February 7). Retrieved February 16, 2011, from Service Canada: http://www.servicecanada.gc.ca/eng/sc/ei/index.shtml

Hayek, F. A. (2010-2011). Friedrich August von Hayek Quotes. Retrieved February 16, 2011, from Brainy Quotes: http://www.brainyquote.com/quotes/authors/f/friedrich_august_von_haye.html

Keynes, J. M. (2010). John Maynard Keynes Quotes. Retrieved February 16, 2011, from think exists: http://thinkexist.com/quotes/john_maynard_keynes/

Test

Alright so here's my test that was created from my extremely effective notes. Give it a shot....

Name:__________________________                                   Date:__________________________

Free Market Economy

Multiple Choice

1.       Who is the world leader for providing outsourcing services for Western companies?

a)      India

b)      China

c)       Pakistan

d)      Pitcairn Islands

2.       Which is NOT a principle of the General Agreement of Tariffs and Trade?

a)      Trade must be conducted in a non- discriminatory manner

b)      Requiring any country that applied for membership to present a list of tariffs and other trade restrictions imposed

c)       Imported goods must be treated  in the same manner as similar domestic goods

d)      No country may be denied the right of free trade when said country applies.

3.       What treaty did Canada sign took a “great step towards freer trade with the U.S.”

a)      North American Free Trade Agreement (NAFTA)

b)      Agreement of Open Trade(AOT)

c)       Free Trade Agreement (FTA)

d)      Western Free Trade Agreement (WFTA)

4.       In South American the riches 20% of the population holds…

a)      40% of the wealth

b)      60% of the wealth

c)       80% of the wealth

d)      50% of the wealth

5.       Why are people more involved in the stock market because of current technology?

a)      They can communicate with their brokers better

b)      They can talk to their friends about which stocks they are buying

c)       They can see stocks online

d)      They can use guessing rhymes to pick stocks

6.       Countries under the rule of the Soviet Union had which type of economy?

a)      Mixed Economy

b)      Centrally Planned Economy

c)       Market Economy

d)      First Come First Serve Economy

7.       Of all the countries in the world how many have not signed a single trade agreement?

a)      3

b)      30

c)       7

d)      70

8.       In order to become a member of MERCOSUR what must a country be committed to?

a)      Freer trade for the people and a higher income

b)      A dictatorship rule and human rights

c)       Preserving the country’s wealth and cheap labor

d)      Democracy and human rights

9.       Why does the U.S. think that they should have more access to Canada’s plethora of natural recourses?

a)      Because they have more citizen’s

b)      Because they run Canada’s trading market

c)       Because they are better at dealing with other countries so they should do all the international trading.

d)      Because they have Disneyland and Disneyworld.

10.   The European Union only creates 7% of the world’s population. What percent of global imports and exports does it form?

a)      15%

b)      25%

c)       29%

d)      20%

Fill In The Blank

11.   The European Union is a collection of ___________ countries, the largest and most powerful in the common market.

12.   The Cold War ended in ______________ this was a driving force behind economic ____________________.

13.   South American countries hop e that by joining trading blocs they will be able to _____________ investment in their ___________________.

14.   In 1994 the ________________ was extended to include Mexico. It created the largest ________   _______________ area in the world.

15.   By the turn of the millennium an additional _____________ people were participating in the ______________ market.

True or False

16.   Thomas Freidman refers to international online investment as “the electronic herd.” _______

17.   There were originally 52 countries that created the UN._______

18.   The European Union has one common flag._________

19.   In 1996 Mexico was accepted in the north America Free Trade Agreement.__________

20.   The four countries of MERCOSUR have a population of almost 340 million._______

Long Answer

                You are the ruler of Zimbobwada and you have been approached with an agreement for freer trade between you, Canada and the States. However your people have been getting by for a very long time without any help from the outside world. Your company has a vast supply of oil and you generate all your energy from the water power of the ocean. Your country also grows all their own crops, tropical fruits and grains not to mention raises animals for meat. However these supplies, you know well, may one day dwindle. Should you sign the agreement for freer trade?  /8

______________________________________________________________________________________

Test Key

Give up yet... here's the key

Free Market Economy

Multiple Choice

1.       Who is the world leader for providing outsourcing services for Western companies?

a)      India

b)      China

c)       Pakistan

d)      Pitcairn Islands

2.       Which is NOT a principle of the General Agreement of Tariffs and Trade?

a)      Trade must be conducted in a non- discriminatory manner

b)      Requiring any country that applied for membership to present a list of tariffs and other trade restrictions imposed

c)       Imported goods must be treated  in the same manner as similar domestic goods

d)      No country may be denied the right of free trade when said country applies.

3.       What treaty did Canada sign took a “great step towards freer trade with the U.S.”

a)      North American Free Trade Agreement (NAFTA)

b)      Agreement of Open Trade(AOT)

c)       Free Trade Agreement (FTA)

d)      Western Free Trade Agreement (WFTA)

4.       In South American the riches 20% of the population holds…

a)      40% of the wealth

b)      60% of the wealth

c)       80% of the wealth

d)      50% of the wealth

5.       Why are people more involved in the stock market because of current technology?

a)      They can communicate with their brokers better

b)      They can talk to their friends about which stocks they are buying

c)       They can see stocks online

d)      They can use guessing rhymes to pick stocks

6.       Countries under the rule of the Soviet Union had which type of economy?

a)      Mixed Economy

b)      Centrally Planned Economy

c)       Market Economy

d)      First Come First Serve Economy

7.       Of all the countries in the world how many have not signed a single trade agreement?

a)      3

b)      30

c)       7

d)      70

8.       In order to become a member of MERCOSUR what must a country be committed to?

a)      Freer trade for the people and a higher income

b)      A dictatorship rule and human rights

c)       Preserving the country’s wealth and cheap labor

d)      Democracy and human rights

9.       Why does the U.S. think that they should have more access to Canada’s plethora of natural recourses?

a)      Because they have more citizen’s

b)      Because they run Canada’s trading market

c)       Because they are better at dealing with other countries so they should do all the international trading.

10.   The European Union only creates 7% of the world’s population. What percent of global imports and exports does it form?

a)      15%

b)      25%

c)       29%

d)      20%

Fill In The Blank

11.   The European Union is a collection of 25 countries, the largest and most powerful in the common market.

12.   The Cold War ended in 1989 .This was a driving force behind economic globalization.

13.   South American countries hop e that by joining trading blocs they will be able to increase investment in their economies.

14.   In 1994 the Free Trade Agreement was extended to include Mexico. It created the largest free trade area in the world.

15.   By the turn of the millennium an additional three billion people were participating in the global market.

True or False

16.   Thomas Freidman refers to international online investment as “the electronic herd.” True

17.   There were originally 52 countries that created the UN. False 52

18.   The European Union has one common flag. True

19.   In 1996 Mexico was accepted in the north America Free Trade Agreement. False 1994

20.   The four countries of MERCOSUR have a population of almost 340 million. False 240 million

Long Answer

                You are the ruler of Zimbobwada and you have been approached with an agreement for freer trade between you, Canada and the States. However your people have been getting by for a very long time without any help from the outside world. Your company has a vast supply of oil and you generate all your energy from the water power of the ocean. Your country also grows all their own crops, tropical fruits and grains not to mention raises animals for meat. However these supplies, you know well, may one day dwindle. Should you sign the agreement for freer trade?  /8

Look for factual information hat clearly supports the opinion they are siding on. Needs at least 4 major points.

New logo

Meet my NEW AND EVOLVED logo...

I left most of my logo the same as it used to be only this time I decided to add a shadowed globe over the snapshot with two planes flying to other countries. Original, I know. For those of you who missed the rundown on what this logo is all about in the first place here it is short and sweet. The words in the "taller" person represent happy, loving and peaceful words and the words in the little person show many of the fears and worries that plague the world today. The "stand TALL" shows that we came overcome these worries. By adding the globe, it gives emphasis on the idea of the entire world overcoming their "bad side" and making it a better place.

Phedra's Anecdote

 It was a warm winter day and the green foliage only made it seem warmer. Then again being from Canada every day in Florida seemed warm. I slowly turned my head, drinking in my surroundings. The longer I stood the deeper my feet sank into the soft white sand. Surrounding me with pools all filled with he deepest of blue tropical water. One snorkeling pool was bursting with tropical fish, eels and rays with a wing span twice the size of me. Another was a wading pool with smaller rays that you could pet and hold and finally on the right a heated swimming pool. As a stood as still as a statue I heard small feet creeping up in the sand behind me. As they drew closer I whipped around scooping up the small boy and kissing him on the cheek.

      "Phedra!" by little brother Caleb screamed. "Put me down, I'm not a baby."
      "Phedra stop kissing your bother, " my mom lectured. "You know how much he hates it."
      "I know," I laughed as I set Caleb down. He stalked off through the sand, head turned, feet stomping, nose crinkled.

      With a few more words and a few dozen bottles of sunscreen (thank-you mom,) we wriggled on our snorkel masks and hit the water. The fish that we first encountered were only the introduction to the fabulous underwater world. After my terrified mother felt that all the fish had freaked her out enough for one day we traversed across the beach to the swimming pool. The five children from our party noisily splashed in and split up to explore. After swimming around for a while I stood up in the shallow part of the pool and noticed Caleb, obliviously swimming a few feet away. Stopping to adjust my standard "Discovery Cove" wetsuit I dipped into the water, plugging my snorkel, about to perform another classic sneak attack.. I popped up right in front of Caleb picking him up on either side of the face, preparing to kiss him on the cheek. Suddenly I heard my mom's bellowing from the shore line, A tone of urgency punctured into her words.

      "PUT HIM DOWN, THA'S NOT YOUR  BROTHER!"

       I promptly dropped the boy into the water and waded back to the shore, a scarlet mask spreading slowly all over my face. My entire family was laughing and laughing. The rest of the day continued our family slowly started putting the earlier events behind us. That night as we were leaving Caleb went to jump a puddle, slipped and fell on his butt.

      "Buddy are you okay?" asked my mom, helping him up. "Didn’t you see the puddle?"

      "No!" said Caleb turning around to inspect his wet bum.

      "Well buddy looks like we both learned a lesson today." I said

      "And what lesson would that be?" questioned my dad.

      I smiled up at him "Look before you leap."

This is team RED FISH BLUE FISH'S courage assigment. We hope you like it.