Will Felps, ass prof management
Hired Actor to 'infect' teams, 3 plus 1 actor. Prize, 100$ each to best task completing group.
jerk: are you kidding me? have you taken business class before? say others ideas not adequate, offer no alternative
slacker: feet on desk; txt message, eat lunch, say I really don't care
depressive pessimist: Head down, complain unenjoyable, doubt ability
people conform to group? or group tainted by one bad apple?
People argue, fight, not share relevant info, communicate less, with bad apple. People take on characteristics. Not just back at bad apple, but to each other. Spill over effect.
Wednesday, February 11, 2009
Stimulus Package
Stimulus Package (SP)
History doesn't have a simple example to compare what effect the Stimulus Package will have.
New Deal
Roosevelt's New deal during the 1930's provided relief for the unemployed during the depression. (Wall Street crash of October, 1929). The economy recovered from it's lowest point (1932-1933) until the recession of 1937, when unemployment returned to it's previous 1934 level.
It wasn't his plan, but the war, (WWII Nazi Germany invaded the Soviet Union in June 1941 the Japanese attacked the US Pacific Fleet at Pearl Harbor, December 7, 1941,) that truly ended the economic malaise.
Japanese Stagflation
Japan had a situation very similar to the one the U.S. has today.
Tariffs after WWII created accessible credit which gave Japanese companies an advantage over their foreign competition. Japanese goods were cheaper, and the trade surplus increased. This available money made speculation rampant. There was a stock market and real estate bubble.
After Japan’s economic collapse in 1989, where property and stock price falls “reduced Japan’s national wealth by 41 percent,” consumers went into a spending hibernation. When assets decrease in value, the money supply shrinks, and definition occurs.
On March 19, 2001, the Bank of Japan and the Japanese government tried to combat the deflation by reducing interest rates. As the interest rates approached zero for years, the deflation problem was not solved.
U.S. Today
Right now the U.S. is in a recession and deflation is occurring. Prices are falling, profits are decreasing, companies are cutting jobs, and wages are falling.
Ignoring the debate on inflation, a moderate amount of inflation can increase investment in the economy which can cause economic growth, and a steadily growing income level. If companies can start raising prices, they can invest the profits, produce more, and increase employment.
History doesn't have a simple example to compare what effect the Stimulus Package will have.
New Deal
Roosevelt's New deal during the 1930's provided relief for the unemployed during the depression. (Wall Street crash of October, 1929). The economy recovered from it's lowest point (1932-1933) until the recession of 1937, when unemployment returned to it's previous 1934 level.
It wasn't his plan, but the war, (WWII Nazi Germany invaded the Soviet Union in June 1941 the Japanese attacked the US Pacific Fleet at Pearl Harbor, December 7, 1941,) that truly ended the economic malaise.
Japanese Stagflation
Japan had a situation very similar to the one the U.S. has today.
Tariffs after WWII created accessible credit which gave Japanese companies an advantage over their foreign competition. Japanese goods were cheaper, and the trade surplus increased. This available money made speculation rampant. There was a stock market and real estate bubble.
After Japan’s economic collapse in 1989, where property and stock price falls “reduced Japan’s national wealth by 41 percent,” consumers went into a spending hibernation. When assets decrease in value, the money supply shrinks, and definition occurs.
On March 19, 2001, the Bank of Japan and the Japanese government tried to combat the deflation by reducing interest rates. As the interest rates approached zero for years, the deflation problem was not solved.
U.S. Today
Right now the U.S. is in a recession and deflation is occurring. Prices are falling, profits are decreasing, companies are cutting jobs, and wages are falling.
Ignoring the debate on inflation, a moderate amount of inflation can increase investment in the economy which can cause economic growth, and a steadily growing income level. If companies can start raising prices, they can invest the profits, produce more, and increase employment.
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