One Country, Two systems.

Austin Baylor

Mrs. Straub

AP Economics

October 6th, 2014

One Country, Two systems.

As many of you know, on October 28th over 10,000 civilians of Hong Kong took to the streets in protest. Police response to these actions were more intense than thought which led to even more people tagging along in the protest. The overall economic state and situation Hong Kong is in may be better explained if you understand the structure behind the tension.

In 1847 Hong Kong was ceded to the UK s a territory after the Opium wars.  It wasn’t until 1898 that an agreement was set up between China and Hong Kong to have a 99 year lease for Hong Kong to be a british colony. You think after 99 years that’d be enough time to figure out everything? Nope! So in the 1990’s with the switch approaching the appointed governor of Hong Kong brought forth the ideal for democracy in Hong Kong. China finds this not just humorous, but also incredibly annoying, because China would really like to have Hong Kong’s really large economic cake and also eat it. SO in 1997 Honk Kong (Kinda) becomes part of China.

This is where things get weird because after 150 years of British rule Hong Kong, while ethnically Chinese, has its own dialect, currency, laws, judiciary system, taxes, postal services and culture. Even crossing from China to Hong Kong (which is part of China) you need to get your passport stamped. Even at the Beijing olympics Hong Kong and China had two separate teams. Same country! (Yet Tibet still gets yelled at for wanted to be its own country).

This huge gap between the separate parts of the country led to the one country two systems ideal and Hong Kong was seen as the gap between China and the capitalistic world. However history has shown us the communism and Capitalism do not mix well and what is now happening was kinda to be expected. Since china has to let Hong Kong be Hong Kong and do an uncomfortable thing: be free.

Usually the “Chief Executive” [It’s like a president {not really} but since it’s HOng Kong it’s gotta be full on capitalist] is elected by tycoon owner, but every so often the people get to vote for their leader and this would be the first time ever. HOwever since Hong Kong has no real constitution China takes this as “Hong Kong can vote for any one of the people we say you can vote for”. [I wonder where they got that idea from, most definitely not Putin.] This is not a democracy.

Hong Kong has the third largest stock exchange in the world and the Hong Kong dollar is the 8th most traded currency. It is an economic powerhouse in the world. Probably one of the most delicious economic cakes out there, yet China wants to change its recipe. Because China does what china wants.

These protests also fell during China’s National Day which caused many people to not go to Hong Kong and therefore buy nothing. Hong Kong also exports half of its things to China. 50% is a large number of exports and it’s to its own country. The government of Hong Kong also had to shut down temporarily leaving many without jobs and pay.  Even though china is a economic giant is is divided and this protest has stunned the districts and hurt the economy. Especially for people who work for low paying jobs and need every penny to get through the day. However while the years of China riding on Hong Kong are gone, Hong Kong needs China now. China, ironically enough, loves stability and they’ve been giving a good nudge in that direction. This uproar in Hong Kong may not sit well in Beijing. However, it will be bad for China to have Hong Kong run on the system China uses and they know that.

Whether Hong Kong likes it or not it is part of China and it must integrate or fade. Both options will hurt it, unless China can change, but China does not like change. Add onto this the thousands of people not working or doing anything and it hit Hong Kong badly. A lot of loss down time was occured.  It will take a few years to see in Communism and Capitalism can exist together, but unless something happens Hong Kong may not see better days, and the world doesn’t want Hong Kong to have that happen.

http://www.cnbc.com/id/102062849#.

http://www.channelnewsasia.com/news/protests-could-hurt-hong/1400462.html

Ebola; The Outbreak

Brandon Wegner

Mrs. Straub

Economics A3

7th October 2014

Ebola; The Outbreak

Ebola, is today's worldwide current event issue being lectured to the public.It is a virus that begins as a fever and will eventually lead to internal bleeding. This virus is spread through bodily fluids such as: saliva, blood, feces, and urination. The host species is still unknown. With this being the “talk of the town”, what does it have to do with economics? Since Ebola is a very severe and deadly disease, a treatment and or a cure needs to be formulated to safe the patients that have been infected, inevitably  these cures and or treatments come from the labs of researches and scientist. Their ability to research a cure costs money. So the question is how is, how is Ebola going to affect the economy?

Not only is this disease costing money it is costing lives. In this case the marginal cost are the people who have lost the fight. About over 1,100 lives have been taken by this death sentence and just over 2,000 lives have been impacted dramatically. Although the cost of this tragedy is the deaths of many, there is a “benefit”, may not be a great benefit, but there is one.

The “cure” has not yet been finalized. A “cure” called “ZMapp” has been released earlier in past years. This pill is for the use on animals to cure them so that it is not “safe” for human use. Some with the disease are willing to take the chance and try the pill just to take the chance of surviving. It had taken several months to produce the final product. This so called final product was one pill. ONE. If the U.S. would have contributed the money to the research of ZMapp and created multiple pills in that time frame they could of prevented toe spread if not destroy it all together. The scarcity for implementing a cure this malignant disease is impeccable.

Ebola as caused an uncompromising supply and demand issue. The ratio of supply to demand is skewed quite dramatically. In the fact that there is not nearly enough supply to skim the surface of the demand. Although the need for supply is the source in which this virus is a marginal benefit gathering money for research to finalize a cure to save the many lives being  damaged by this 21st century plague.

Overall, this bloodthirsty virus is spreading throughout the world, it may be the considerably the vital shift in the world as we know it. If the “cures” do not become accessible  in mass quantities, there will be close to no chance of it ever coming to a halt. The U.S. had the opportunity to essentially destroy or at least put a great dent in the outbreak before it had the opportunity to spread. Although the U.S. did not believe that Ebola would become a widespread threat, resulting in money being spent somewhere else. The U.S. should have funded a cure months ago, now it is much too late and the virus has became a vicious killer, out for the lives of many innocent people. Anybody could conclude that Ebola is a critical problem that needs to be dealt before it kills off 1,100 more people. We need to fund and find a cure.

Bibliography-

Last, Ikono. "Ebola - My Visual Charts & Projections Based on WHO Data, Page 1." AboveTopSecret.com. Above Top Secret, 07 July 2014. Web. 07 Oct. 2014.

CNN, News. "Spain Has Outbreak's 1st Known Case of Contracting Ebola Outside of Africa." Early Start with John Berman Christine Romans RSS. CNN News, 06 Oct. 2014. Web. 07 Oct. 2014.

Frieden, Tom. "Why U.S. Can Stop Ebola in Its Tracks." CNN. Cable News Network, 01 Jan. 1970. Web. 07 Oct. 2014.

Athletes: Over or Underpaid?

Chandler Bentley

Mrs. Straub

AP Economics

September 25, 2014

Athletes: Over or Underpaid?

Professional athletes are some of the most physically gifted people we have in this world.  Whether it’s scoring a basket, kicking a goal, or catching a touchdown, professional athletes are few and far between.  Which raises the question, what type of salary should they be receiving?  The impression for years has been that athletes are ridiculously overpaid.  Many would say to earn millions of dollars a year to play sports is simply ludicrous.  But nobody had truly studied the economic perspective of this question.  We have simply analyzed the perception that athletes work less than the everyday worker, yet get paid exponential amounts of money and have failed to delve into the logical aspects of it.  To answer this question, we must look at the economic value athletes have to truly answer the question, over or underpaid?

First, let’s take simply the statistical side of this argument.  One of the highest paid athletes in the NBA and arguably the best player in the world, Lebron James, is making approximately $20 million a year strictly from his contract with the Cleveland Cavaliers.  Although this may seem at eyesight an extraordinary amount of money for a man who puts a ball in a ring, but look closer.  Lebron James is scheduled to bring in up to $600 million to the city of Cleveland simply from his move from the Heat to the Cavaliers.  As if this wasn’t enough money, while James was in Miami, the Heat’s net worth skyrocketed from $364 million to $625 million within just four years.  Couple that with the millions of dollars of revenue each and every NBA team brings in per year and Lebron James contributes upwards of a billion dollar a year of revenue.  Now compare this with Walmart.  CEO and President C. Douglas McMillon earns just over $25 million per year in salary and incentives for Walmart, a business whose net income per year is approximately $16 billion a year.  Once again, this seems like an enormous amount of money, but compared to the amount of money he makes the for the company each year, he is essentially only being paid a minute amount of the company’s net income per year.  Compared to Lebron James, McMillon makes less percent of the net income of Walmart from his salary than James.  Comparing general salaries, we can even see from the chart below that the average wage per year of professional athletes is much greater than that of almost every other profession in the world.  Chalk up one tally for overpaid.

Switching perspectives, let’s now look at a different aspect of salaries, scarcity.  We all know that professional athletes are some of the rarest talents in the world and very few people actually become professional athletes, and not from lack of effort.   Athletes are global, from young kids all the way to professionals, but only a minute selection of those young kids ever become the superstars we come to know and love.[i]  Although the availability for CEOs is also extremely scarce, the plethora of people that are both equipped and willing to carry out the everyday operations of a CEO are much greater.  Although the demand for the number of professional athletes and the number of CEOs seem to be approximately equal, the supply for athletes is much greater for that of CEOs than those of athletes.  Now some may say, “doesn’t the supply for athletes outweigh the supply for CEOs considering there are so many kids who want to and are willing to become professional athletes?”  Now that may be true, but the same ability is not sustained.  If you were to replace the CEO of a company with another CFO, COO, President, or another occupation that is “inferior” to that of a CEO, many of those people could carry out that same CEO position with just as much ability as the one before it.  Now take a professional athlete.  You simply cannot replace a Lebron James or an Aaron Rodgers and expect the same level of output from that replacement.  The marginal benefit of obtaining those extraordinary athletes far outweighs the marginal cost of a couple million extra dollars.  It is because of this that we even up the score at one to one.

Lastly, we’ll look at the output of work that professional athletes go through on a day to day basis.  Many people would simply revert to the fact that athletes have only half the hours of work per day that an average worker will complete.  Although this may sway the majority towards the everyday worker, we haven’t accounted for the everyday physical demands that the athlete must go through.  The physical toll an athlete takes on his body is much greater than that of a normal worker.  The work rate of an athlete in the moment are much greater than that of any other profession and although it may not seem as mentally dependent as other occupations, the amount of mental concentration and training that an athlete must take is just as great as the next man. The question is, what is more harsh on the body, harder work for less time, or easier work for more time?

In total, athletes are some of the highest paid people on the planet.  Whether it’s Lebron James, Aaron Rodgers, or any professional athlete between, the debate will continue upon the salary of athletes.  Each side has its merits with either the profit they produce, the scarcity of their skill, or the efforts they put forth.  So the answer is up to you.  Under, over, or just right?

Bibliography

"NBA Team Valuations." Forbes. Forbes Magazine, n.d. Web. 26 Sept. 2014. <http://www.forbes.com/lists/2010/32/basketball-valuations-11_Cleveland-Cavaliers_324902.html>.

"Millionaire athletes who lost their millions – How to spend like a professional athlete.." Finance my Money RSS. N.p., n.d. Web. 25 Sept. 2014. <http://financemymoney.com/millionaire-athletes-lost-millions-of-dollars-professional-sport-salary/>.

Manfred, Tony. "Here Are The Odds That Your Kid Becomes A Professional Athlete (Hint: They're Small)." Business Insider. Business Insider, Inc, 10 Feb. 2012. Web. 23 Sept. 2014. <http://www.businessinsider.com/odds-college-athletes-become-professionals-2012-2?op=1>.

"LeBron James Is Right: He Is Underpaid By The Heat And Nike Too." Forbes. Forbes Magazine, n.d. Web. 25 Sept. 2014. <http://www.forbes.com/sites/kurtbadenhausen/2013/02/05/lebron-james-is-underpaid-by-the-heat-and-nike/>.

"Wal-Mart Stores Inc.." WMT Annual Income Statement. N.p., n.d. Web. 23 Sept. 2014. <http://www.marketwatch.com/investing/st

---

[i] For more information and statistics on the odds of becoming  a professional athlete, visit Here Are The Odds That Your Kid Becomes A Professional Athlete by Tony Manfred.

Building Something New

Casey Anderson
Economics
Mr. Rueter
9/29/14

Building Something New

Whenever there is a new product in the market there has been a huge risk taken by the producer who invested possibly thousands of dollars in which they could get nothing in return. The economy is set up for people to greatly succeed or fail in the products they sell with many products out there in the world many people have never heard of. However these products still exist because they do have a market no matter how small the clientele is they must be making some sort of money or else they would not exist. Thus the market could go really well for anybody or just completely screw them over.

There are thousands of small products out there that are pretty much invisible to us but still bring in millions of dollars a year because the product works well and is scarce to a certain number of people. Like the scrub daddy, shown below, which appeared on the TV show Shark Tank could have been a bad decision but instead he got an investor and made the product happen into a good thing, from making 100,000 dollars, to upwards of 4 million in annual revenue(He’s). Thats quite a bit of money and many people probably never have heard of this sponge that changes its hardness according to water temperature. There are many things that could have gone wrong with his product and he invested thousands of dollars and it happened to pay out for him. Even though the market for such a product is not good he made it work by advertising properly and got into the right place to sell his product.


Then there are the products that we do know about but are doing poorly such as segways. Pretty much everyone has heard about what a segway is, but does not know how poorly the company actually did in profits. According to http://blogs.wsj.com/, “The Wall Street Journal reports that the original funds raised by Segway are gone and Mr. Kamen had to raise a new $31 million and mortgage its factory because the company was losing money”(From). This shows how segway a company that many know can have a hard time when others can have a relatively easy time making money that is not well known. Recently the company has come under new management and is currently doing a better job in advertising thus sales have increases as you can see from the chart below.


Thus the market that the US uses praises good ideas and people who know how to advertise them to a right group of people. This can be very important in how the flow of money can go around from the businesses to the workers. If the company doesn’t make money then it has to let go of workers and there is less money flowing through the economy.

Bibliography

"From Hype to Disaster: Segway’s Timeline." Digits RSS. N.p., n.d. Web. 30 Sept. 2014.
<http://blogs.wsj.com/digits/2010/09/27/from­hype­to­disaster­segways­timeline/>.

"He's the daddy of the Scrub Daddy."Philly.com. N.p., 16 Oct. 2011. Web. 30 Sept. 2014.
<http://articles.philly.com/2011­10­16/business/30286442_1_aaron­krause­bobblehea
d­doll­grill­cleaning>.

"Scrub Daddy." Zujava.com. N.p., n.d. Web. 30 Sept. 2014.
<http://www.zujava.com/scrub­daddy>.

"Super Segway." Rekvizitai.lt Lithuania. N.p., n.d. Web. 30 Sept. 2014.
<http://rekvizitai.vz.lt/en/company/super_segway/turnover/

The Americanism of Non-American Football

Ryan Hegna
Mr. Reuter
Economics
30 September 2014

The Americanism of Non­American Football

In today’s world of sports, there is a dichotomy between the two separate world of football: American and European. Too often I hear people bashing the European sport, because they think of it as some game for wusses, while, conversely, American football is fueled by grit and the American spirit. But really how American is our version of football? And more importantly, is soccer really all that un­American?

It is an undeniable fact that America collectively prides itself on its capitalistic values and democratic systems. In contrast, Europe is often (incorrectly) viewed as a socialist cesspool where the free market is a myth. And both identify intensely with their respective versions of football. So, it would be logical to think that the professional leagues, in which the sports are played, would follow suit. This, however, would be a misconception. The people who run the NFL see the league purely as an avenue for entertainment, so they ensure that it stays competitive, often at the cost of capitalistic values. For example, it is logical that a team who wins a lot will receive more money from fans. The more money you have, the better you can make your team. Well, if this was the case, it would be a travesty for the NFL, as a select few teams would ascend to Pro­Bowl­esque quality, while the rest of the franchises would be left to try to scrape together a few points every once in a while. So, the NFL has implemented various measures to prevent this economic spread from occurring. Let’s go through a few. First, there is shared revenue, which takes the extra cash the top teams earns and redistributes that to the poorer teams to provide them with the necessary funds to find new players. Then, there is a salary cap, which prevents the richest of the rich from just throwing money at all the top players to get them to play for their team. Lastly, there is the draft, which gives the worst teams first dibs and the best and brightest incoming talent.

For a sport that is considered truly American, it doesn’t seem all that American. On the other hand, you have the world of European top­flight football. If there was ever a prime example of laissez­faire economic systems, this would be it. There is no salary cap, no draft, and by no means is there any redistribution of wealth. In fact, if a team is so bad that they finish in the bottom three, then they are relegated, meaning they are kicked out of the league and are placed in a lower, less talented league, only to be replaced by the best teams of that lower league. In European football, money is everything. If a club has the money to spend, then they are free to spend it as they choose. And they have no financial responsibility to help out the little guys. If they see a player they like, they just pay the player’s club anagreed upon fee, which can often reach incredible values, and then they have the right to tempt the player to join by offering however high of a wage that they feel is necessary. The table below shows Premier League spending in the 2014 summer transfer window. Pay note to the disparity between the top and bottom teams in terms of spending.


In terms of the distribution of new talent, youth players are similar to free agents. Any kid is subject to being courted by a club and placed in their youth academy which will take these prospects and look to polish them into world class talents. Once again, there are no parameters which look to help out the lower ­quality clubs and capitalist values ring true.

Ultimately, there is a great irony in the general perceptions of both American and European football. With American football being regarded as an American icon, it should be reconsidered if it really is a true parallel to our country which savors its economic freedom and capitalism. When compared to the free market of European football, American football looks like a communist, centrally ­planned economy which ensures only the equality of all involved.

Works cited

"Football capitalism is functioning well."Forbes. Forbes Magazine, n.d. Web. 30 Sept. 2014.<http://www.forbes.com/sites/stefanszymanski/2012/09/02/football­capitalism­is­functioning­well/>

MailOnline, Nick. "Transfer deadline day in numbers: Your ultimate guide to the money being spent by thePremier League clubs." Mail Online. Associated Newspapers, 1 Sept. 2014. Web. 30 Sept. 2014. <http://www.dailymail.co.uk/sport/football/article­2739255/Transfer­deadline­day­numbers­All­stat
s­facts­figures­need­know.html>.

"Revenue sharing splits up $6 billion in 2013." ProFootballTalk. N.p., n.d. Web. 30 Sept. 2014.
<http://profootballtalk.nbcsports.com/2014/07/11/revenue­sharing­splits­up­6­billion­in­2013/>.

Own It

Macy Peterson

Mr. Reuter

Economics

09/29/14

Own It

Author’s note:

      Before reading this article, I have no legitimate stand on whether cosmetic surgery is good or bad overall; but I do believe that in some circumstances it could benefit the individual to repair whatever he or she may want to change for their state of satisfaction. Nevertheless, at times it could be deemed unnecessary for one to lift his or her forehead a few centimeters or have a fat transfer from one place to another. It just doesn’t make sense to spend thousands when owning the look is free and at times— powerful. Furthermore, I do not make fun of anyone in this article, but rather use them as an example.

“TV says, ‘Bigger is better.’”

      After watching an episode of “Botched” I have been exposed to a few individuals who really made me think about some people living in the fierce and dazzling uproar of the west coast. Having alterations done and adjusted to sooner or later having a full metamorphosis for the “happy” do-over was done for just that reason— their happiness and satisfaction. For some, I’d agree after a threatening situation where an accident occurred or cancer took over to transfigure a person permanently, altering their appearance by choice is then understandable. However a full body do-over is a bit farfetched and isn’t the best trade-off to make when complications are bound to happen.

“In my skin I win”

 

      An individual whose decision may be seen as a bit farfetched and have such potential complications is Justin Jedlica, as seen on the t.v. show “Botched”. Over the years, Jedlica has spent more than $100,000 dollars on a total of 132 cosmetic procedures and has received the name “The Human Ken Doll” by the public. Recently, he asked plastic surgeons Dr. Dubrow and Dr. Nassif  for another body tune up on his calves, but the surgeons denied him, even with the amount of money he was willing to pay, because the procedure could harm him critically. Possibly overlooking self- interest than benefit analysis the surgeons had to make the decision for Jedlica. By adding more muscle mass and opening the area from a prior treatment could impact his legs to a point where it would just be too dangerous to perform the surgery. Furthermore, as recorded, Jedlica refers to the surgeons as “glorified tailors” almost insulting them as to what their job really is, which is to reconstruct areas of the body that need to be corrected.

“Vogue says, ‘Thinner is better.’”

      As cosmetic surgeries become more popular in the US, questions of cost/ benefit analysis and opportunity cost come into play. When individuals aim to look bolder, bigger, skinnier, whatever it may be, the benefit analysis of losing one’s normal body portion and replacing it with an alteration may lead to an opportunity cost where do-overs and fix-ups usher in further enhancements of the enhancement. A never ending cycle of rejuvenating  and repairing the individual’s alteration, when exercise and normal diets may just be the best and most bright solution. As it is seen by the rising charts of women wanting alterations  “perfection is a disease of a nation” (Prof. Knowles) and it is also growing by the demand of plastic surgeons to perform such transformations.

 

      A quick and positive example of a boy who people think may need a tune up or a “fix” would be Shaun Ross. Ross, a rising high fashion supermodel, recently started a group called “In My Skin I Win”, and is an iconic role model to younger generations who hopefully won’t see the need of such a trade off involving their bodies and baby skin in the future.

      As generations become more comfortable with this idea of enhancement, the demand for plastic surgeons, as seen on t.v., is rising. Come to think of it, it’s kind of sad to think that a man or woman has spent eight years, more or less, studying how to enhance a person’s body. Studying hours on this current societal issue rather than, let’s say, making it more affordable to own electric cars, shooting machines further into space to discover beings amongst the dark mist, or even finding the mermaids here on Earth because yes they’re real. All in all, the opportunity cost for becoming a plastic surgeon may want to be looked over before getting paid around ninety dollars an hour doing something that’s not crucial to people’s lives if one’s goal is to have the firmest cheeks around— that’s really just silicone.

      But beside the silicone and saline, the real victims of breast cancer and incidents of being trapped in a burning building can be seen as crucial for such alterations. After all if changing one’s appearance makes one happy, then it is true that some will go above and beyond to satisfy themselves to look so gleamy. Yet the cost/ benefit analysis should be checked once more before a solution becomes final.

Works Cited

"Cosmetic Surgeons." Job Trends. N.p., n.d. Web. 29 Sept. 2014. <http://www.simplyhired.com/a/jobtrends/graph/q-surgeon/t-line>.

"Jérôme Lagarrigue. |x| Shaun Ross. | Visible Man at Driscoll Babcock.." Quiet Lunch Magazine. N.p., n.d. Web. 29 Sept. 2014. <http://quietlunch.com/jerome-lagarrigue-visible-man/>.

"Plastic Surgery Stats." Plastic Surgery. N.p., n.d. Web. 29 Sept. 2014. <http://www.admireplasticsurgery.com/wp-content/uploads/2012/01/2010-top-5-cosmetic-surgery-procedures-graph.jpg>.

"Top 10 Surgical Proedures." Cosmetic Surgery Women. N.p., n.d. Web. 29 Sept. 2014. <https://static-secure.guim.co.uk/sys-images/Guardian/Pix/pictures/2014/2/3/1391442176875/Top-cosmetic-surgery-proc-009.jpg>.

"What Does a Plastic Surgeon Do?." eHow. Demand Media, 15 Oct. 2009. Web. 29 Sept. 2014. <http://www.ehow.com/about_5533889_plastic-surgeon-do.html>.

NFL Crossing the Pond

Morgan Patterson

Mrs. Straub

Economics A3

30 September 2014

NFL Crossing the Pond

The icon that is American football has been a part of the country’s culture since the early 1900s and has remained a relatively foreign concept to other countries.  Since 2007, though, the NFL has scheduled at least one game in London’s Wembley Stadium, but recently, more games have been scheduled, with two in the 2013 season and at least 3 scheduled for the current season.  The demand from the Londoners is insane as well, with the want increasing and the ticket prices increasing even further--only once since 207 has a game brought in less than 80,000 fans to Wembley.    

The tickets for the three 2014 games were released in January and sold out immediately--a whole 8 months before the games were scheduled to be played.  The games have become huge and the teams are celebrated as they come to the city, with thousands anticipating the foreign sport.  The dramatic market price increase is surprising, though, with tickets for games averaging $160 per person.  The NFL is seeking out for a new market that could add to the revenue of the already billion-dollar industry.  This is a prime example of how change in demographic can shift a demand.  

As the NFL continues to add more games to the London schedule each year, the demand for tickets has not wavered. Each season, secondary market prices have gotten more expensive than the previous year. While that does not mean a whole franchise will be sustainable in London, the NFL has found a market that can support at least a few games per season (Forbes).

The NFL is now the sixth-most watched league on Sky Sports, and the fastest-growing pro sport in the country.  David Prodger, the new British Consul General in Miami, commented on the NFL’s growing strength, saying, “that’s the multimillion dollar question…We are seeing that there’s a real, good solid demand in UK” (Miami Herald). With a growing market in American football overseas, more games and essentially more revenue could be made for the NFL and also a new culture of NFL fans could be created.

Works Cited

Belson, Ken. "Hype Machine in Overdrive, N.F.L. Pops Back to London." The New York Times. The New York Times, 28 Sept. 2013. Web. 30 Sept. 2014. <http://www.nytimes.com/2013/09/29/sports/football/hype-machine-in-overdrive-nfl-pops-back-to-london.html?pagewanted=all&_r=0>

"Led By Falcons-Lions Game, 2014 Will Be Most Expensive Year For NFL London Games." Forbes. Forbes Magazine, n.d. Web. 30 Sept. 2014. <http://www.forbes.com/sites/jesselawrence/2014/08/05/two-of-three-2014-nfl-london-games-will-be-most-expensive-since-start-of-international-series/>.

"Packers to raise ticket prices for 2013 season ." News RSS. N.p., n.d. Web. 30 Sept. 2014. <http://www.packers.com/news-and-events/article-1/Packers-to-raise-ticket-prices-for-2013-season/ff0b1b65-ffc6-4d64-8d61-ca5791b00a86>.

"This time, Miami Dolphins are all business for NFL game in London." miamiherald. N.p., n.d. Web. 30 Sept. 2014. <http://www.miamiherald.com/sports/nfl/miami-dolphins/article2235557.html>.