The Sequester

A sequester is a group of cuts to federal spending spending that was set to take effect on March 1. Its purpose is to cut federal spending in order to decrease the fiscal cliff. It was intended as an incentive to cut over $1.5 trillion dollars out of the federal budget over the next 10 years. The Washington Post explains that it, "was originally passed as a part of the Budget Control Act of 2011, better known as the debt ceiling compromise."
The sequester will cut most government programs, distributed evenly between defense and non-defense programs. However certain programs will be spared such as Social Security, Veterans Administration, and Medicare, because they are considered vital domestic entitlements. The cuts will be quite harsh and will force cuts at the same percentage from each program. ABC News explains that, "if that program is for TSA agents at airports, the sequester law doesn't care, and Homeland Security can't do anything about it." One option to the sequester is furloughs, an unpaid day off every other week.
The President and Republicans were both working to avoid the sequester but they cannot come to an agreement. Their are a few options to keep the sequester from occurring, the first being a grand deficit deal. This deal likely wouldn't occur because the two sides cannot reach an agreement. Other ideas included giving the agencies more authority or let federal agencies rearrange their money to maintain vital programs. However, Obama stated on CNN.com, "Washington cannot continually operate under a cloud of crisis. That freezes up consumers." The President does not want a temporary fix and rather asked to pass a measure to give more time to reach a long term deal and avoid the sequester entirely.

Coca Cola Marketing Strategy Research Project

https://docs.google.com/presentation/d/1CqgWBSXzfOEV3UieWOKb4bZhkgtOH2OFTDqL99hDvCw/edit?usp=sharing

Supply Wrap Up

1.  Supply Schedule and Curve

2. Inelastic Supply

Rice is a product with an inelastic supply, because it takes approximately 6 months for it to grow and be harvested, so they cannot rapidly increase supply. 

3. Elastic Supply

Cake would have an elastic supply, because the supply for sweets will quickly increase around times like Easter or other holidays and it is not difficult to increase supply.

4. Increase and Decrease Schedule

5. Increase and Decrease Curves