RJA #8b: Evaluation Check

• http://yipenglishblog.blogspot.com/2010/03/rja-7a-evaluation-of-sources.html#comment-form
• http://academicagression.blogspot.com/2010/03/rja-7a-evaluation-of-sources.html#comment-form

RJA #8a: Quotation, Paraphrase, and Summary

• "To this day, the willingness of a Wall Street investment bank to pay me hundreds of thousands of dollars to dispense investment advice to grownups remains a mystery to me. I was 24 years old, with no experience of, or particular interest in, guessing which stocks and bonds would rise and which would fall. The essential function of Wall Street is to allocate capital—to decide who should get it and who should not. Believe me when I tell you that I hadn’t the first clue. I’d never taken an accounting course, never run a business, never even had savings of my own to manage. I stumbled into a job at Salomon Brothers in 1985 and stumbled out much richer three years later, and even though I wrote a book about the experience, the whole thing still strikes me as preposterous ... I figured the situation was unsustainable. Sooner rather than later, someone was going to identify me, along with a lot of people more or less like me, as a fraud. Sooner rather than later, there would come a Great Reckoning when Wall Street would wake up and hundreds if not thousands of young people like me, who had no business making huge bets with other people’s money, would be expelled from finance."

http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom/index.html

• Even today the willingness of Wall Street investments to pay thousands of to me for giving out investment advice to those more elderly than I astounds me. I was young, with no investment experience and cared little about which stocks and bonds would rise and fall. The main focus of Wall Street is to organize money - to determine who does and does not get it. I had very little idea of such a thing. I never had experience in parts of this field, never organized a business, nor ever had my own savings to take care of. I walked into a job at Salomon Brothers, and walked out much richer three years later. The entire occurrence was ridiculous i even wrote a book about it. I had thought that the entire system was unstable and that someone very soon would catch people like me red handed as frauds, and that there would be a revolution in Wall Street and a mass amount of people like me would be cast out from financing.
• Wall Street pays there financial advisers a wealth sum to determine the allocation of capitol despite the seeming little qualification the advisers may possess. The entire system seemed corrupt and that a time of revolution would come in Wall Street and several of the financial advisers would be cast out.

RJA #6c: Field Research Options

Thinking about conducting an interview with my economics teacher concerning his opinion or any insight he has to offer concerning my topic.

RJA #6b: Social Media and Multimedia

Resource searched or tool used: BlogScope.com

Keywords used: Free market, TARP

Search strategies used: keywords

Date of search: 3/1/10

Number of hits:3422

Relevance of hits (on a scale of 1 to 5): 3

Resource searched or tool used: socialmention.com

Keywords used: Troubled asset relief program

Search strategies used: keywords

Date of search:3/1/10

Number of hits: 51

Relevance of hits (on a scale of 1 to 5): 2

Resource searched or tool used: pbs.org

Keywords used: inside the meltdown

Search strategies used: title

Date of search: 3/1/10

Number of hits:1

Relevance of hits (on a scale of 1 to 5): 5

Resource searched or tool used: pbs.org

Keywords used: The Warning

Search strategies used: title

Date of search: 3/1/10

Number of hits: 1

Relevance of hits (on a scale of 1 to 5): 5

Resource searched or tool used: pbs.org

Keywords used: Ten trillion and counting

Search strategies used: title

Date of search: 3/1/10

Number of hits: 1

Relevance of hits (on a scale of 1 to 5): 5

RJA #6a: Websites

Resource searched or tool used: Bing.com
Keywords used: Troubled Assets Relief Program
Search strategies used: none
Date of search: 2/25/10
Number of hits: 2,840,000
Relevance of hits: 5

Resource searched or tool used: dogpile.com
Keywords used: Free Market
strategies used: none
Date of search: 2/25/10
Number of hits: 80
Relevance of hits: 3

Resource searched or tool used: BUBL
Keywords used: tarp banks obama
strategies used: tags
Date of search: 2/25/10
Number of hits: 22
Relevance of hits: 1

Resource searched or tool used: turbo10
Keywords used: tarp banks obama
strategies used: boolean
Date of search: 2/25/10
Number of hits: 600
Relevance of hits: 2

RJA #5a: Books

Title: The General Theory of Employment, Intrest and Money

Author: John Maynard Keynes

Ed.#: 1st Harvest/ HBJ ed.

Publication: San Diego

Pub. name: Hartcourt, Brace, Jovanovich

Pub. Date: 1964

Resource searched: Auraria Library

Keywords used: Keynes, The General Theory of Employment, Intrest and Money

Search strategies used: none (including operators and types of searches)

Date of search: 2/22/10

Number of hits: 50

Relevance of hits (on a scale of 1 to 5): 4

RJA# 4b: Search Strings

+president Obama +economic plan +pro's + con's - politics - political