http://www.myfoxny.com/myfox/pages/News/Detail?contentId=4520883&version=6&locale=EN-US&layoutCode=TSTY&pageId=3.1.1
The new york knicks coach, Isiah Thomas was accused of harassing a former top team exective Anuche Browne Sanders. Now Madison Square Garden must pay 11.6 million for the damages that Isiah Thomas has done. The reason that the jury ruled this verdict was because they found that MSG owes 6 million for allowing a hostile work environment to exist and $2.6 million for retaliation. MSG chairman James Dolan owes $3 million. It gave the New York Knicks team a great impact becasue of its sells. The sells of the tickets decreased because of this court case. Many people think that the players had to do something with it.
Tuesday, October 2, 2007
Monday, October 1, 2007
Capitalism replaces Mercantilism
1. a.Capitalism- the free enterprise system of economics
b.Merchantism-an economic system based on the idea that a country becomes strong by having wealth and strict government and market control
2. The wealth of nations was published in 1776
3 It changed the government because it started off from merchantism and then went to capitalism. It was a dramatic impact because all of a sudden the government let the people do want they wanted
4. When Smith mentioned the invisible hand he meant that in a free market, no regulation of any type would be needed to ensure that the mutually beneficial exchange of goods and services took place, since this "invisible hand" would guide market participants to trade in the most mutually beneficial manner.
b.Merchantism-an economic system based on the idea that a country becomes strong by having wealth and strict government and market control
2. The wealth of nations was published in 1776
3 It changed the government because it started off from merchantism and then went to capitalism. It was a dramatic impact because all of a sudden the government let the people do want they wanted
4. When Smith mentioned the invisible hand he meant that in a free market, no regulation of any type would be needed to ensure that the mutually beneficial exchange of goods and services took place, since this "invisible hand" would guide market participants to trade in the most mutually beneficial manner.
Subscribe to:
Posts (Atom)