WALL STREET BLUES!!!!

“HEY CAN I BORROW 20 BUCKS FROM YOU?” But can you trust them when they say “I’ll pay you back?” Well can you? What would you do if they didn’t keep their word? Would you say to yourself,” I wish I didn’t give them any money if I knew they weren’t going to keep their word. There will be some people that are out there would want to borrow money, they would promise you that they will repay you back, but they would spend there money and they can’t pay them back. There would be hundreds and thousands of people that will be borrowing money and if you don’t repay them back than you will get the idea of what’s going on in the U.S. economy. So when the payments had stopped, the triggered a financial crisis that it has rippled around the world. Lehman Brothers was one of the biggest investment banks, had announced that it had lost so much money because of all the bad loans that it had to close. The United States stock market had fell 504 points that day when the investors began to pull out their money. There were people that wanted to buy homes but they couldn’t because they couldn’t afford to buy it. But the banks created a special home loan called subprime mortgages. Credits are a measure of person’s ability to repay borrowed money. The U.S. Treasury Secretary Paulson had asked the federal government to give him $700 billion to rescue the nation’s troubled banks. They could use the money to buy up the bad loans, and then work with the borrowers to get repaid. With all those bad loans gone, banks would be able to lend the money freely, and the nations could get back to business. But why borrow the money, if you can’t pay them back? Only some people can do that. JUST PAY THEM BACK!!!!

UP IN ARMS

At the Harrold Independence School in Texas teachers are allowed to carry firearms. Superintendent David Thweatt says Harrold’s teachers must protect their students. The school is 30 miles from the closest police station. “The only thing you’ll get if you scream out here is a rattlesnake or a coyote looking your way” he says. The district can’t afford security, so it had teachers to carry weapons instead. But with teachers carry guns it creates a putting kids at risk.
Statistically, the safest place for a child to be is in school right? We may have problems in our schools, but not to the point where we need to arm our teachers. I think that teachers carrying guns is a little extreme. But as a high school student I think that more measures must be taken to protect children such as, metal detectors.
In other countries like Thailand, where they have been waging a bloody fight with Muslim separatists for the last two years, some teachers carry weapons for self defense as they are viewed as part of the government. In Israel, teachers are not allowed to carry weapons in the school, but security guards at the entrances are armed. Children in countries such as Israel and Thailand are far more at risk to daily violence than students in America.
I think this a bad idea but students like me are unprotected, sitting in class, are basically "sitting ducks" for any sort of violence, whether it is from inside the school, or from others coming in from outside the school.