This blog post is my analysis of the economic podcast “Episode 392: Keeping the Biggest Secret in the US Economy.” This podcast appeared on the Planet Money website on August 3, 2012. The podcast is a overview of public release the monthly job numbers that tell everyone from stock traders to business' exactly how the economy is working. This secretive number is released once a month on a friday and people wish they knew it ahead of time.
The Bureau goes to extents to keep this number away from the public until the friday it is released. The economists are sworn to not tell anyone from the tuesday they find it out until that friday. If these numbers were to fall into the wrong hands or someone to find out they could make millions or even billions off of it. That is why they go to the extent of these employees to take out their own garbage, fix their own computers, and not let anyone in their office or know the numbers.
It sounds crazy, but I think it is good that they do all of this. No one should know the numbers early and be able to make money easier. The numbers have been released early once, but thankfully in the hands of a good guy. He was not thinking of making a quick buck, but instead called of the Bureau and a close friend their to let them know that the numbers were out to the public early so they would be able to do something.
This blog post is my analysis of the PBS Frontline video “Cliffhanger,” which aired on February 12, 2013. In this video, Frontline investigates the country’s problem of debt and deficit. The video talks about The US Federal deficit or the government spending more than what they are getting in revenue in the year. The fiscal cliff was the sharp decline because of increased taxes in 2013 due to the new term. With the mid-term election it split up the power between republicans and democrats. President Obama was faced with tough decisions and private meetings were set up to try and accomplish something.
Debt is very bad for the economy and can truly hurt it. One major thing is lower the value of the dollar and is a crucial problem. The estimated time for the deficit to be reduced is in the year 2013 by about almost half. This can higher the unemployment, but increase the economic growth. We will see in this year to come, but it is truly something that has to be done. Everyone will be affect good or bad, but it is the only way for this to try to go away.
This blog post is my analysis of the PBS Frontline video “Cliffhanger,” which aired on February 12, 2013. In this video, Frontline investigates the country’s problem of debt and deficit. The video talks about The US Federal deficit or the government spending more than what they are getting in revenue in the year. The fiscal cliff was the sharp decline because of increased taxes in 2013 due to the new term. With the mid-term election it split up the power between republicans and democrats. President Obama was faced with tough decisions and private meetings were set up to try and accomplish something. 
Debt is very bad for the economy and can truly hurt it. One major thing is lower the value of the dollar and is a crucial problem. The estimated time for the deficit to be reduced is in the year 2013 by about almost half. This can higher the unemployment, but increase the economic growth. We will see in this year to come, but it is truly something that has to be done. Everyone will be affect good or bad, but it is the only way for this to try to go away. 