Nobel Prize Winner and other things

Muhamed Yunus was awarded the Nobel Prize recently because of his efforts to rid Bangledesh of Poverty. He created a way to give small loans to those under the poverty line. He gave them just enough money to invest and initiate things with their money but not enough where they could just live off his money and do nothing else with it. As well as the Prize commemorating Yunus' great work for the people it was also a stone in the preverbial bridge between the West and the Middle East. Some people view it as a way to begin to healthe two contintents but we'll just have to wait and see. (source ABC News)

Also this is not a news story but ever since Ap Econ started I have been noticing more and more how everything is related to Economics. Me and Domino were at work a few days ago talking about how one of our friends had quit his job. Then all of a sudden we both started talking about his opportunity cost. Economics is a cool subject because unlike Math, you can see how it applies to your life now. We dont have to wait to see how Economics will help us in the future. We can see how it is working now. I really like that about Economics. Economics underlies every thing that happens everyday. When i go to Shopko to buy something like yellow eyeliner i can never find it. Why? because who wants yellow eyeliner. Just from guessing i could probably assume that yellow is not a big seller. If no one buy yellow eyeliner why would they sell it. Economics is the basis of our society. Nothing happens with out Economics lying in the foundation. I think it is cool to learn about something that affects our lives so intently and we can observe immeadiatly.

-erica ackatz-