"Six Flags Sheds 7 Parks for $312 Million"

Six Flags is reaching for economic stability after a battle over the control of the company. Six Flags is trying to recover from debt and it has recently sold four theme parks and three water parks, making $312 million. Six Flags will recieve $275 million in cash. The rest of the money will be a note recievable which is $37 million. A note recievable is a promise to pay a certain amount of money on or before a certain date and this note will be for specific parks. Six Flags' shares have been up 11 percent.


http://money.cnn.com/2007/01/11/news/companies/bc.sixflags.sale.reut/index.htm

Adam Smith's Wealth of Nations

1. Capitalism- an economic system based on private ownership on the means of production and the distribution of goods.
Mercantilism- a system based on the idea that a strong country is a country that holds a great deal of wealth with the intervention of the government.
2. The Wealth of Nations was published in 1776.
3. This changed the role of the government in business by stating that the govenment shouldn't interfere in business because business could benefit being on its own. It would be guided by an "invisible hand."
4. By the "invisible hand," Adam Smith meant that the people who seek wealth following their self-interest could help the economy naturally.

"Consumers Spending Up the Most in 5 Months"

This article was about how consumers are spending more money, which in turn helps the economy. Interest rates can remain the same because of the stabilized inflation, which is good for policy makers. The real estate business was also doing well because it rose 4.9 percent in December. This all falls hand-in-hand because with less income and more speding, there is a decrease in savings. This means that people are worried on spending and "dipping" into their savings.

http://www.nytimes.com/2007/02/02/business/02econ.html?_r=1&oref=slogin