JP Morgan & Chase

Chase has recently become one of the top few banks, but before the recession there was a lot it went through in order to rise to its name. Before the recession it was one of the largest most strongest banks in the US.
JP Morgan and Chase was a couple of branches before it was officially named "CHASE". It was founded by John Thompson, Salomn P. Chase and many others. It was a slow fast growing company that bought Bank One and many others to officially buying even Washington Mutual and becoming Chase headquartered in Manhattan, NY. It is currently CEO'd by Jamie Dimon in his third term as being the CEO of Chase. He has seen a lot from the company from going to its negatives and positives.

Before the recession on 2008, stocks were at .47 cents each, and after they are now worth 47.15 and counting.
So instead of actually tanking after the recession it boomed, its stocks went up HIGH in price which is very interesting.
http://upload.wikimedia.org/wikipedia/commons/5/55/Chase_al.jpg This is post the recession, and after, its assets and liabilities in millions!

The company received more than 20 billion in TARP funds and at the end of 2009, it actually paid back 25 billion in TARP back to the government, stating "it never needed the bailout money in the first place".

The bank actually was involved in sub-prime mortgage lending during the recession and didn't admit to it, until of June 2010 it came out and stated that it had cheated Military Families and many of millions in dollars over losses and repaid more than 2,000,000,000 in money back to those who were cheated during the recession of 2008.

Before the recession CHASE reported its revenues to be 26.3 Billion dollars, and today it stands at 33.4 Billion dollars just recently!

I think every major corporation is related to the financial crisis occurring and that has occurred . They all lied and tried to cheat people in the system to make sure they got their share of money! James Dimon CEO actually got 17 Billion in Stock Bonuses, not cash after the recession while some were starving.

Seems like a crazy, un fair world to me. How can these CEO's cause such an issue, and recieve bonuses for them? Just does not make sense!

Affecting the U.S?

I think that free trade has A LOT of affect on the U.S and other countries it works with. It seems like a trend, certainly with the idea how with us in America, it's always about getting the cheapest prices for supplies. To me it seems like this affects the US worker on many accounts. It actually ruins jobs in America , especially the fact that we don't have a lot of jobs in the U.S especially through the struggle of the economy and the fact that we are exporting our jobs is even worse. It seems like free trade has more negative effects than actual positive affects. I think that if we as a country were to go ahead and open new factories, there are a lot of bright people here who come up with great ideas/inventions. We counld always produce them here, export them out and make a whole lot of money out of it. I think especially since the fact we are going through a terrible crisis it would make a lot of sense to do that. But I feel like a lot of the laws are getting in the way, but either way, we need to find a solution to fix sweatshops in other countries, and to be able to fix the economy and etc. It would only benefit our society. :)

Sweatshops and Their Effects on Our Society

Hello, this is my second response to my teacher's question. I really like what we are currently discussing in class as it has truly opened my eyes to many of the terrible things that are happening elsewhere in the world, systematically because of the U.S . It is interesting to learn about all these different things/problems that are going on in this world. It makes me think how problems that I might have and complain about are truly SMALLER than the rest of the world's problems. We learned about how their are sweatshops here, and in other countries, that other people make our clothes that we put on our backs. Yeah, we get to buy our clothes for cheap, but look at those people that are living in the other countries that are making our clothes don't even get half of what we pay to buy those clothes. You would think that those people that our making our clothes are getting paid good money and getting to work in regular working conditions, but we figure that truly is not the case and we learn that this society actually has some problems with it. We learn that those that make our clothes are actually of what we would call the very "lower class" in society, because quite simply they are the only ones that really take these jobs. They have no other options many would argue, and that we are actually helping them because otherwise they wouldn't have anything else to live and survive with. But what I would think is that, because these people are taking these horrible condition type jobs, we should at least pay them for what they work for. Most of these people are poor women who are living in the ghettos of their country that have absolutely no rights, trying to keep their family alive. But why should we be allowing this to happen? Why can't people be more thoughtful about these people? It's sad to think that this is what our society has come to. Some can argue, protesting by not purchasing, but we are hurting those who make the clothes, others argue to buy less, but we are still purchasing, maybe even boycotting the companies, holding protests. But how much of this is going to work since not many people would even consider doing that. Some might argue they have no time, or whatever the case may be. But to me, I feel like it should be more of an organized protest from the people, and the people working in our governments. This is a very big issue, it is about human rights. It does not matter if it's about paying more for items, because like a classmate of mine pointed out, if we mass produced Nike's in the U.S, how many people would truly buy them for their full price of let's say $900 or whatever they would go for, it would force the companies to re-think what they are doing. I feel like if more people would to learn about this topic, more people would help out. It's a matter about caring for one another in this world, and if we can't do just that, than honestly, what kind of people are we and what are we doing to our world?

Very First Blog!

Hello, this is my very first blog that I am ever posting. I think it's really neat that my Professor is asking us to do this. This will help me learn about other's ideas and thoughts and will give a chance for other's to see my ideas too :)
My name is Khouloud, and I am currently attending our local college. This is my very first year, third quarter. I like it very much, because of all the fun classes I get to decide to take, and all of the free time I get for myself! My career aspirations are hopefully to major in Political Science, to be a lawyer, or maybe even major in International Business. I really like the business aspect of everything, so that is why I would like to choose to be one of those. In English 1A, I hope to become a better writer. I really have enjoyed these past 2 quarters of English and feel that I am only getting better. I hope to be able to write more freely, especially because my Professor is asking us to write about really interesting topics, rather than other boring ones.

Our first articles that we read about were about how much of the items that we have here in America , are actually produced in other countries. We got to learn about many items are created elsewhere where they are people who are typically poor, seemingly uneducated as well as the way they work in harsh conditions. It shows how us in America don't realize that our clothes are actually produced elsewhere, and that is so we can get them cheap. I read about one lady who makes about 250.00 a month in U.S dollars. That would DEFINITELY not be enough to live with in the area we live in yet, we take things for granted. The companies are typically based in other countries, America, Canada etc.

I think learning about these was really eye-opening . It seems to me like we have to be more thankful and much more appreciative of what we have .