Nearly Lunar New Year....(^_^)

10 days more....There will be a Lunar New Year....In Vietnam,this New Year is more important than the New Year Eve 1st of January!I know also Chinese people have this Lunar New Year too,but not sure is it the same as Vietnamese or not!

Ye...and it's also called...Chinese New Year to...So what is Lunar New Year(or Chinese New Year)?
Chinese New Year starts with the New Moon on the first day of the new year and ends on the full moon 15 days later. The 15th day of the new year is called the Lantern Festival, which is celebrated at night with lantern displays and children carrying lanterns in a parade.

The Chinese calendar is based on a combination of lunar and solar movements. The lunar cycle is about 29.5 days. In order to "catch up" with the solar calendar the Chinese insert an extra month once every few years (seven years out of a 19-yearcycle). This is the same as adding an extra day on leap year. This is why, according to the solar calendar, the Chinese New Year falls on a different date each year.

New Year's Eve and New Year's Day are celebrated as a family affair, a time of reunion and thanksgiving. The celebration was traditionally highlighted with a religious ceremony given in honor of Heaven and Earth, the gods of the household and the family ancestors.

The sacrifice to the ancestors, the most vital of all the rituals, united the living members with those who had passed away. Departed relatives are remembered with great respect because they were responsible for laying the foundations for the fortune and glory of the family.

The presence of the ancestors is acknowledged on New Year's Eve with a dinner arranged for them at the family banquet table. The spirits of the ancestors, together with the living, celebrate the onset of the New Year as one great community. The communal feast called "surrounding the stove" or weilu. It symbolizes family unity and honors the past and present generations.

The coolest thing in this New Year...is.....people that are older have to give amout of money(don;e need to be a big amount) to youngers.It's called "Lucky Money".People give Lucky Money to send their luck to youngers with wishes and also as I know,they will receive luck and happyness too....
So....they could be parents,friends,...older people...and..of course....TEACHERS!!!...Yeye teachers....Kekekekeke....

Happy Lunar New Year guys....Best wishes for you....The first year that I won't celebrate this Lunar New Year...and also New Year Eve with my parents...my family...my small brother and sister....Miss them a lot!...And...here they are!:








AND THIS IS MY MOTHER with my cool brother..=)...!!!!!!!!!!!!!!!!!!!!!!....THE WOMAN ON THE LEFT SIDE OF THE PICTURE.....Not that girl at the picture above actually....(~ ~)
And also...Today is my mom's Birthday....Mommy...Happy Birthday to you...Best wishes to you,and full of health to our family.......I'll try my best here....=)

HAPPY LUNAR NEW YEAR AND HAPPY BIRTHDAY MOM
<3

JabbaWockeeZ...(Out of study)^ ^

After the hard and stressed exams...always really really tired...and also...Lazyness....So I just want to post a video about the best dance crew ever!!!!!
JABBAWOCKEEZ
This is the best America's dance crew,which WON the competition in the first place...And the main thing that makes me love this dance crew so much is....There's one Vietnamese guy...which is one of the main members there...His name is Jeff Nguyen....(who has similar sure name with me...=).....
And this is just one of their performance...
Creative Choreography,strong and exact dance moves,all members like merged as one,good outlook....Perfect dance crew....JABBAWOCKEEZ!
And also...if you want to know who's Jeff...he's the first person who was talking to the audience....Have to watch it...you will love dance!


And the another performance....^^

Found out!

I have just found out one website,my friend from London sent it to me!
There are many revision courses,GCSE and A-Levels even during holidays!
It's here.
But I don't know how is that school,is it good???And is it one campus of Oxford College because the school's name is:OXFORD INTERNATIONAL COLLEGE
Mr.Chris,do u know anything about this school???If yes,comment me please!...Thank you!
I planned to do revision course on Easter.....=(....

How to keep generation Y motivated?(^.^)

I have listened to the podcast about Managing and Finance by Adam Jones.It was talkking about Generation Y and Generation X.So he was talking about exploration of different generations behave the work place!

First of all,what is Gen Y,and Gen X.???
Generation Y:
Born in 1980-1990,the members in Gen Y are now the teens in 20s have became a number stablished of the work force.Therefore,labours and employees in this generation are young and full of energy!
Generation X:
Who were born on 60s and 7os.So the employees are older than in GenY but may have more experiences.

So how these 2 groups of ages are getting on?
Nowadays,Generation Y is more useful,and distinctive.At the age of teenagers,they are indeed dynamic, creative, intelligent and highly motivated, and there have been many a sleepless night spent dreaming up ways to retain this amazing talent.
Employees may have their specific job duties, but if you allow the opportunities, Gen Y may bring to the table a diverse knowledge and an interesting perspective that can really make your company shine.
I have just listened to the part of it,tomorrow is the exam,so I'm going to do revision!!!!
^.^

Business exam!

Finally,we've finished a business exam,which was full of nervous feelings...I hope I will get a high grade in it!!!!

ME, and 2 long were staying in Ken's room.We were discussing about the business exam,and suddenly I read news about....GHOST...Then I don't know why,it became our main topic to consider....We were telling to each other about real scary stories...And now,I'm so scared,even going anywhere near,I still feel so scared and strange...Even Long,he took a taxi to his home,not by bus as usual....Kekekekekeke......
But the news in the website was really really scary,and it was REAL!!!!....
.....:(

A Business Idea...!(^_^)

Today,I don't know what to write about but still,I want to fill my blog with daily entries!=)

I want to talk about a business idea that I had thought of on my Christmas vacation,in my country,Vietnam!!!!My business idea is...IMPORT LUXURIOUS PERFUME TO MY COUNTRY..(actually,to my friends.....but I wrote "to my country" to sound more...professional!...Kekekekeke...)

I have just recognised that perfume in my country is so expensive...When I went to the shop centre,the cheapest perfume was 60$....which could be an expensive here in UK.Why???Because import perfume to Vietnam,which is developing country is expensive,so retailers have to charge a high price to get profit.Even that,the demand for perfume is still high...because it's a veblen good!Higher price,higher demand....^^

And I found out that there are many perfumes here in UK,that Vietnam doesn't import.And many of them are famous which are my friends favourites.I have asked most of my friends,that I will sell to them that rare perfume brand such as Hugo Boss for guys and Tommy girl...for girls....(just an example) with the price which is cheaper than the general price in Vietnam.They agreed,and soon,I will sell to 5 of my friends from here.And of course,its an opportunity for them too,because first,it's cheaper than the price in Vietnam.Second,it's rare in my country.And the third reason,is it was bought in ENGLAND...which is fame!!!...

About the cost to import to my friends I don't have to care.Because,I have an uncle...who's moving regularly from UK to Vietnam for his business.So I can ask for his help....just to carry some bottles of perfume to give to my friends.Of course he will agree,so I don't have to come to the post office and pay for the service.

About the profit:...I have calculated,and the lowest profit for one bottle of perfume will be....18 pounds...which is not very low...But it's the lowest profit that I will get.so after that.I hope my friends' friends will be interest too....So I will be their seller from the UK....I will get nearly 100 pounds soon....just to sell perfume.

But anyway,I think it's still just selling for my friends..not a serious business,so I will not develop this idea if it will go worse.....^^

Elasticity question!

I have read all about the elasticity in this website:
http://economics.about.com/cs/micfrohelp/a/priceelasticity.htm
It shows us really clearly about elasticity.
But.....as we know,for example :
PED=%change in quantity demand/%change in price
in the text:

Calculating the Percentage Change in Quantity Demanded

The formula used to calculate the percentage change in quantity demanded is:

[QDemand(NEW) - QDemand(OLD)] / QDemand(OLD)

By filling in the values we wrote down, we get:

[110 - 150] / 150 = (-40/150) = -0.2667

We note that % Change in Quantity Demanded = -0.2667 (We leave this in decimal terms. In percentage terms this would be -26.67%). Now we need to calculate the percentage change in price.

Calculating the Percentage Change in Price

Similar to before, the formula used to calculate the percentage change in price is:

[Price(NEW) - Price(OLD)] / Price(OLD)

By filling in the values we wrote down, we get:

[10 - 9] / 9 = (1/9) = 0.1111

We have both the percentage change in quantity demand and the percentage change in price, so we can calculate the price elasticity of demand.

Final Step of Calculating the Price Elasticity of Demand

We go back to our formula of:

PEoD = (% Change in Quantity Demanded)/(% Change in Price)

We can now fill in the two percentages in this equation using the figures we calculated earlier.

PEoD = (-0.2667)/(0.1111) = -2.4005

But as the formula...The PERCENTAGE of quantity demand.....so why they don't multiply by 100 because its persentage,and in the exam..if we want to calculate elasticity for example PES,so do we have to multiply by 100% quantity demand and price or we don't have to?
Thanks

The amazing Car Blog by Alborz Fallah!

I have listened to a podcast in the website that In Mr.Chris's blog!
And here it is:
http://www.entrepreneurs-journey.com/952/alborz-interview/

It's about an amazing and lucky blogger,just a blogger,and now...he becomes a millionare!A speaker was Alborz Fallah friend,and also his teacher.After talking about Alborz succeed and how did he work in first steps to be a millionare,Alborz talks too!
So what I have learnt from this text: everyone can succeed and be a good business man,just need to concentrate on your hobby and your interest,and then keep developing it!
How about Alborz succeed and his experiences:

His blog, is here is one of the top blogs in all of Australia in any category and competes right along with some of the biggest media companies in the world for the car enthusiast market in the land down under.His blog gets phenomenal traffic, brings in hundreds of thousands of dollars in advertising revenue each year and Alborz has traveled to Europe to drive some of the most prestigious sports cars ever created. His blog became a true business and Alborz has to be one of the luckiest people in the world, living out a passion every single day and earning big money along the way.

And this is firstly what he did to made his business:he created three blogs at once to see which one would stick. The car blog got the traffic so he dropped the other two and slowly built up his site off the back of his own content.It's a really good experiences for researching and choosing for the bussiness that is fitted and usefull.

I also came to his blog,and it's amazingly so good!It's all about cars and advices and comments about styles of the cars and talk about it for customers to improve their knowledge.And also,he earn money from advertising too which is not a small amount!
His earnings was 10$ per day,the 100$ per day,then 30 000$ per month and then valued 5 million dollars!!!

And all just start up from a BLOG like us,and with an interest and hobby!

Here’s some of the important points from the podcast :

• You can start a blog and choose top level categories in very competitive markets, if you niche it down based on geographical location.
  
• When you don’t know what topic to blog about, pick what you think might work and just put something out there and see what happens.
• You can build a significant blog based only on part time labor, if you are dedicated and get things done during the time you have available to work on the project.
• Sometimes, being controversial can do wonderful things for your traffic. Strong opinions will always stick out and grab attention.
• Think BIG with your blog, it doesn’t have to be just a small publication - consider taking things to the next level with the help of financial investors.

So these are tips to make a business by a blog...A really usefull podcast to listen...But I didn't listen all.because it's nearly an hour,...and it's too late...!
And again,here's a podcast:
http://www.entrepreneurs-journey.com/952/alborz-interview/

Deflation!

As this topic is Unit 2 so I don't know a lot about it!But I know some basic knowledge and will try to answer the questions!

1. What are the consequences of sustained deflation?

First of all,what is deflation...I think deflation is opposite to inflation.So that,"deflation" means a persistent decrease in the general price level of goods and services.What are consequences of sustained deflation...which I understand as what it will effect if we keep deflation?Because the price of goods is falling, consumers have an incentive to delay purchases and consumption until prices fall further, which in turn reduces overall economic activity - contributing to the deflationary spiral.Investment also falls,leading to change in aggregate demand.

1. How does deflation affect wealth?

Deflation causes when the supply of money going down and the supply of goods going up.So if the supply is going down,making money scarcer,so income of people is less.Otherwise,deflation affects wealth.Income of people is less,the economic growth is falling.

1. How does deflation affect debt?

Deflation also amplifies the sting of debt.The payments are making in the service of a debt represent a larger amount than they did when the debt was first incurred.Actually I don't know how to exactly answer this question.

And so we return...!

Today is the first day of the second term!It was usefull and of course all of us were doing revision!
In Math class I have learnt ONE!!! more thing...and many small questions in business studies...

After classes...I decided to remove my stiches because it's time already.I came to J.R Hospital and then they told me that I need to come back to EF School and ask in EF RECEPTION!!!!????I thought I would remove it in Ef Reception...SHOCKED!
I came back and ask in the reception,and Ms....I forgot her name...she called someone and she told me to come there,and made an appointment!....
But....the woman on the phone..she asked me...Did I register something something...before???I said NO because I haven't seen the doctor in UK before...And she said...I need to come there...where I remove my stiches...register...made an appointment and then come back to school...wait when the appointment would be....and come there again!...I was like..."What the Fruit!"..I can't walk and I need to take a taxi everytime...And I can't imagine how it would cost if moving there and back all the time!
Then...tomorrow in the morning...I have to come there and register...And they're not sure that could they make an appointment tomorrow or not!...Today is time to remove my stiches...And I don't know...is there any problems if I remove it late or not???Does anyone know???
Anyway...tomorrow I have to go to that hospital and finish this problem with my leg,I'm really worried about my leg!...
But...why in England,Hospital is sooooooo complicated???...Just...do it...and patents will pay!
In my country,if someone has a problem...u can go to any hospital...they solve it for u,and u pay!..That's all...Even you're foreigner!...Oh...I hope tomorrow I could remove my stiches!!!..Please please please....