Monday, November 21, 2011

60 Minutes(:

1. What is your opinion of the topic of the video? Explain why.
I disagree with insider trading because it isn't fair to let people of higher status get to do it but not others. Also, you take risks when you buy and trade stocks, you shouldn't get hints when others don't. It isn't okay for politicians to lie about weather or not they are participating in insider information and they are making money unfairly which is not okay.

2. What can you do about your opinion? How can you make your opinion count?
I can look into the problems and speak to politicians who are willing to say they are doing it. If I wanted to I could try and band together with others to have the stock act passed.

3. What is insider trading? What was the information that caused Martha Stewart to go to prison?
Insider trading is buying or selling stocks based on information that is unavailable to the public.
Martha Stewart went to jail because she received insider information that ImClone, a cancer drug, was turned down. So, with this information, she sold 4000 stocks of it before the information went out so she didn't loose money.

4. What is black Friday? And when did it get its name? What is cyber Monday?
Black Friday is the Friday after thanksgiving where there are extreme cheap prices that start around 3am so people can start Christmas shopping. On this day, people go crazy and shop till they drop with good sales. Black Friday got its name in 1966. Cyber Monday is exactly like Black Friday but instead of going out to get the good prices, they are on the Internet.

No comments:

Post a Comment