Monday, January 10, 2011

GROUP THREE: Economy: Cameron B.; Kasie M.; Cody H.; Todd H.; Richard Z.; Evan L.; Lindsay L.; Krystal T.; La Quisha A.; Allyson H.

http://www.washingtonpost.com/wp-dyn/content/article/2010/01/02/AR2010010200619.html

16 comments:

  1. Hello, I’m Richard.Z I was assigned to look at and blog about Brazil’s economy. Brazil’s economy has seemed to make a complete 180 since its huge depression/recession. I was wondering what you all think about this? It seems like Brazil had a problem with it before, but why all of the sudden has the country became more motivated or inspired to do well for itself. They did receive a massive amount of bailout money, but they could have just spent it all on ridiculous endeavors but they didn’t. I believe there’s more to the economy then what you can get from this article. It is extremely diverse, just like our own.

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  2. Hey, I'm Evan and I'm majoring in sports administration and plan to transfer to UofL after this semester is over. In the article about Brazil I think it was very interesting how a lady can go out on the street and sell spices and still be considered middle class. There is no way that someone could sell spices on the streets here in America and be able to live in a six bedroom house. I think reading this article should also give people hope in a way because these people are going from having nothing to now being financially stable and being able to support their families. It seems crazy that sixteen percent of their entire population was able to move up to middle class in only seven years. What I would like to know is what are some of the other jobs that these people have that are allowing them to move up to middle class?

    Evan Landherr
    https://www.cia.gov/library/publications/the-world-factbook/geos/br.html

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  3. Whats up...im Cody H. Its actually pretty crazy to hear about Brazil's economic status and its quick rise in the world. They did recieve a bailout but they used the money very wisely, unlike when American company's get bailouts and then go on vacations or give CEO's and assistants huge bonuses. The crap America is feeding about fixing the economy over 10 or 15 years is ridiculous. Lula did it in less than 8 years, so I know that American can do it too.

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  4. I am Todd H. Brazil has a diverse economy and now has a government that understands how to grow an economy. The average income for a Brazilian is $900 American dollars a month. That is not enough to afford a six bedroom house but it is enough to live in a six room house as the article stated. The economy of Brazil was jump started by the government .They cut taxes on products which enabled the population to purchase more. They also introduced low interest loans which helped spur construction. Brazil’s main sector is agriculture. They have made strides in arranging trade agreements that bring billions to this country. It appears that they have examined other economies failures and figured out how to grow into a major player in the world economies.
    http://www.traveldocs.com/br/economy.htm

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  5. Great job looking at Brazil's economy here, and I enjoyed how a few posts reflected on America's economy in comparison to Brazil's; the US accounts for about 14% of Brazil's trade, and Brazil's largest trade partner is an entity called "Mercosul," which basically means "South American Market" - it's sort of like the US, Canada & Mexico's NAFTA agreement. You all picked up on a lot of great examples as to how quickly Brazil's economy was able to jump start itself, from taxes to (in the presentations on Brazil) health care and education - the improvement on quality of life in Brazil has certainly helped narrow the gap between the rich and the poor. So can the US feasibly take any notes from Brazil's economic growth? How much bailout did the IMF give the US? Should the US cut taxes in hopes that people would spend more? Do we export products at the same rate as Brazil?
    Check out this link for more nuts and bolts on Brazil's economic boom, and great job everyone! http://brazil.melhores.com.br/

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  6. I agree 100% with what you are saying Cody. How come american people can't use common sense and put that money towards good when we are one of the most advanced countries in the world? Obviously the people in Brazil have a little bit more commmon sense then we do.

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  7. Evan Landherr Above

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  8. Todd, It's like brazil has figured out a very succesful way to run their country and I don't see why some of the other poorer countries wouldn't want to try and mimic what Brazil is doing because they are on a very good track to having a very stable country.

    Evan Landherr

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  9. I'm Ally and I am a Elementary & Secondary Education major. It's nice to see an economy doing so wel. All you hear about these days is how bad off we are and how this recession is slowly getting better. Seems to me the United States ought to take a few pointers from Brazil.

    Ally Hesler

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  10. Hello everyone! It's Ally. I'd like to write a response to Evan L. & Cody H's blogs. You all both did a great job. Evan, I never thought about the article like that, it does bring alittle bit of hope to the reader. Hopefully one day soon our economy will be back booming soon and our poverty could maybe move up the ranks. Also your link to the website was very informative on Brazil. Looking at those facts are always interesting. Cody H, it is pretty frusterating to see the big wig's blow our money. I can not stand arrogant people like that. They feel as if they have money so piss on everyone who doesn't have what they have. Our government could take a few lessons from Lula. What I am taking away from this project is a better understanding on the country, and also a desire to visit.
    Thanks guys!
    Ally H.

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  11. hi everyone! Its Krtstal. so the most suprising fact that came across to me was that Brazil had the higest rate of poor people than any other South American country . how some place can come from nothing to somethig no one could even begin imagining. it makes me wonder why other places can pull themselves out of financial rut but i guess it takes time.
    http://www.economist.com/node/14442343?Story_ID=E1_TQQQNPQP&CFID=167569612&CFTOKEN=73688838.

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  12. welp its Krystal T. again, todd h. has a point. with $900 a month here in america would barly get someone by. also in the article everyone who seemed to be "moving on up" appeared not to have what a "avarage american" would have. a laptop computer, the first car.also cody h. has a point we should be trying to help out the poor instead of paying for new and useless things.

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  13. I am going to comment on Erin and Ally. Erin, Brazil is a major player in exports. Unlike the U.S., they had a $20 billion trade surplus last year. The U.S. had a $498 billion trade deficit. This is creating jobs and allowing Brazilians to keep them. Brazil has lowered their taxes just as we have, but they have citizens working that are paying taxes. If we can get our jobs back the U.S. would be flush with tax revenue. Ally, Brazil has taken pointers from us and are now being successful. We are the leader of the free world and our economy sets the standard for others. We do need to get our fiscal house in order or will eventually become wholly owned by another country like China.
    http://brazil.melhores.com.br/
    This site had an informative article about the diversity of the country and reasons why a company should test new products there. I learned a few things that I didn’t know about the peoples of Brazil.
    Todd H.

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  14. so im going to comment on erins link. it is completly crazy that in one month a place gan "grow " so much. but what was suprising was that the car rate was way up, businesses were doing better, and people were even investing. does buying a cars and having a laptops make you middle class and how is the employment rate going up so damn fast???
    Krystal Triplett

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  15. Aaron D.
    When you think of Brazil, you think of bright beautiful colors, great music, lively people, and the beautiful nature all over the country. You hardly think of it being a very, very poor country in poverty. I've heard that tourism is really the only main source of income in a lot of poverty countries. It's crazy to think people can be so lively and happy in a poor country. Americans are all depressed when they are the wealthiest people in the world. Even are poorest are better off then most of their people.It's crazy!

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  16. I had no idea that Brazilian music came from Africans but it does make since because they're similar

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