Monday, April 27, 2015

Flash Crash of 2010, they find the man responsible

The man responsible for the 2010 "flash crash" has been found and now being tried for charges such as wire fraud, commodities fraud, commodities manipulation and spoofing. He would buy stocks and then quickly sell them giving false hope that the money he would be investing would benefit the company. He would make close to $800 a day. He found a way to beat the system and make alot of money doing it, but also costing others a lot of money in the process, that is why he is in trouble. Why is the stock market susceptible to an event such as this. how can one man do this to an entire economy. 

Sunday, April 12, 2015

Cheating

Recently Stanford has discovered that a shockingly large percentage of their students are not earning their grade but cheating to get what they have. A statistics professor conducted an experiment and found out that out of 86 students 40% of them admitted to cheating at one point while attending Stanford. Stanford is a very prestigious and competitive school and unfortunately sometimes when someone's cheats they are getting better grades than those who did not cheat. Now the competition isn't who is smarter, it's who is cheating. Leaving those who don't cheat with a chose, let the cheaters get better grades then them, or join in on cheating. When you cheat you learn close to nothing and that's only hurting yourself. Of course you could slide by in college but when it comes to your profession and you don't know what you're doing it will not pay off. Cheating is not beneficial in the long run. It "cheats" you out of an education and makes you think lying and dishonesty is ok. People cheat because they don't want to put in the effort to study and think it's ok just this once to cheat until it becomes a normal routine. "Oh there's a test this week, time to cheat". A cheater doesn't wake up one day and say I'm gonna start cheating now, it's a process just like every other bad habit it starts slow then gets bigger and bigger. Everybody is tempted with cheating it's your choice wether or not you give in to that temptation.