hey, I found article while reading the news online. I thought it would be a good topic to write the blog revision about.
The link to this article is:
http://news.yahoo.com/s/ap/20070421/ap_on_bi_ge/earns_mcdonald_s;_ylt=Aq.pEgzEFS4eo0SCM7K5quHMWM0F
The article is called "McDonald's 1Q profit climbs 22 percent." The article basically talks about how profits for McDonalds has been going up. With such as increase in profit, McDonalds is hoping to sell almost 1600 restaurants to franchise in Latin America. The announcement in the increase in profit raised stock prices also. With such sucess, analysts don't expect this momentum so slow down anytime soon. The profits for the first three months was $762 million dollars. McDonalds next big thing is the expansion in to Latin America. It plans to find entrepreneurs to provide the capital, land and pay royalties to McDoanlds. Current locations on Latin America have not been growing all that greatly, but still have been able to raise $55 Million in operating income. McDonalds has been recording higher sales for the pase 48 months. One of the key factors has been the sale of chicken, with products such as chicken McNuggets, chicken selects and chicken sandwiches.
With all the scare about nation obesity and how fast food restaurants have played such a big factor, I am surprised to see that McDonalds is capable of increasing their profits so drastically. I have noticed that they are being more socially aware of the obesity problem. They are trying to provide a healthier menu. I feel that compare to other fast food restaurants, McDonalds in the one that is really trying to change their meny to provide healthier food for its customers. I am glad to see that they are doing so well now.
Sunday, April 22, 2007
Sunday, April 15, 2007
April Second Post
hey, I have previously written a blog about what people to can do to lower there taxes. I decided to write another blog, this time about how the government spends the money we are taxed on. I link to this article is: http://finance.yahoo.com/taxes/article/102817/How-Your-Tax-Dollars-Are-Spent.
The title of the article is How Your Tax Dollars Are Spent. The article starts of by talking about how people should wonder where there hard earned money goes. About 2.7 trillion dollars was collected this year, but about 70 percent has been set asside for previous commitments. This prior commitments include things such as social security, national debt and military expenditures. About 21 percent is used to pay for social security. Then there is 15% that goes to medicare health benefits. 16% is accounted for paying the needy such as welfare and food stamps. About 60% of the total budget goes to paying individuals. Although our national debt is about $9 trillion dollars now, only about 10% goes to paying our debts. Out of the 70 percent, about 30 percent goes to military spending. This means paying for things such as tanks, planes and missles.
I know it sucks to pay for taxes. I remember when I was working, I hated seeing money taken out of my paychecks. Reading this article made me slightly more informed. Atleast now I am more aware of how and how much the government spends the money it takes from us. I realize that government does have a lot of expenditures, and there is no other way it can really raise that much money. So after reading the article I realized that paying for taxes isn't really all that bad. In the end mainly coming back to us or used to better our lives.
The title of the article is How Your Tax Dollars Are Spent. The article starts of by talking about how people should wonder where there hard earned money goes. About 2.7 trillion dollars was collected this year, but about 70 percent has been set asside for previous commitments. This prior commitments include things such as social security, national debt and military expenditures. About 21 percent is used to pay for social security. Then there is 15% that goes to medicare health benefits. 16% is accounted for paying the needy such as welfare and food stamps. About 60% of the total budget goes to paying individuals. Although our national debt is about $9 trillion dollars now, only about 10% goes to paying our debts. Out of the 70 percent, about 30 percent goes to military spending. This means paying for things such as tanks, planes and missles.
I know it sucks to pay for taxes. I remember when I was working, I hated seeing money taken out of my paychecks. Reading this article made me slightly more informed. Atleast now I am more aware of how and how much the government spends the money it takes from us. I realize that government does have a lot of expenditures, and there is no other way it can really raise that much money. So after reading the article I realized that paying for taxes isn't really all that bad. In the end mainly coming back to us or used to better our lives.
Sunday, April 8, 2007
April First Post
hey, the article I choose is called "Occidental CEO got more than $400 million in 2006". I got it from yahoo news. The link for the article is http://biz.yahoo.com/rb/070407/occidentalpetroleum_pay.html?.v=8.
The article is about Occidental Petrooleum Corp's CEO took in more than 400 millon dollars as income in 2006. The CEO's name is Ray Irani. This pay out is one of the biggest ever in U.S. history. About 270 millon dollars was from stock options, which was about 7 million stocks. Irani also got 93 million in stock and dividends from a deffered stock. His actual salary for last eyar was on 1.3 million dollars. He also recieved 1.4 million dollars as a bonus. Although he recieved a lot of money, it definetly desearved it. From when he became CEO to now, the stock price rose to 40 dollars from 9 dollars. Richard Kline, an Occidental spokesman said that it was welll worth paying that much.
I think paying anyone this much money is just ridiculous. With all the problems going on in the world, why would anyone need that much money. Making 400 dollars a year is just too much. He recieved so much money, that he won't even know what to do with it. This money could have been spent in much better ways. They could have donated to some worthy cause. I still respect the guy for being able to achieve the sucess he has in the company. He definetly has done some great things for bring up the stock price as much as he has.
The article is about Occidental Petrooleum Corp's CEO took in more than 400 millon dollars as income in 2006. The CEO's name is Ray Irani. This pay out is one of the biggest ever in U.S. history. About 270 millon dollars was from stock options, which was about 7 million stocks. Irani also got 93 million in stock and dividends from a deffered stock. His actual salary for last eyar was on 1.3 million dollars. He also recieved 1.4 million dollars as a bonus. Although he recieved a lot of money, it definetly desearved it. From when he became CEO to now, the stock price rose to 40 dollars from 9 dollars. Richard Kline, an Occidental spokesman said that it was welll worth paying that much.
I think paying anyone this much money is just ridiculous. With all the problems going on in the world, why would anyone need that much money. Making 400 dollars a year is just too much. He recieved so much money, that he won't even know what to do with it. This money could have been spent in much better ways. They could have donated to some worthy cause. I still respect the guy for being able to achieve the sucess he has in the company. He definetly has done some great things for bring up the stock price as much as he has.
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