Economics Summary

This essay has a total of 1827 words and 7 pages.

economics

It is to my belief that no one can possibly predict the future of the economy. Because of
this we are faced with many questions that cannot be easily answered. Will the economy
recover drastically or simply continue to increase moderately? Or could the economy in
turn go into a recession? "There's been plenty of good news about the U.S. economy…
employment is expanding (2.4 million new payroll jobs in the last year); inflation remains
low (less than a 2 percent rate in the past quarter); the stock market is higher (up 11
percent on the Dow from its November low), and business investment is impressive (rising
at a 14 percent rate in late 2004)." (1) It is my opinion that unless something drastic
happens in the world today, positive or negative, the economy will continue to increase at
a modest rate. Even though no one quite knows which way our economy is heading, there are
many economic concepts designed to help measure positive and negative changes that can
show us how well we are or are not doing. These concepts include examples such as gross
domestic product (GDP), business cycle, and unemployment rate.

It is only human nature to want economy growth because it will lead to higher incomes and
higher living standards. In order to see which direction our economy is heading and
measure our economic performance, a system was invented that measures the value of all
final goods and services produced within a country during a specific period of time,
usually a year. This system it called gross domestic product (GDP). These figures are
closely watched by those in the business and financial communities to measure our
economy's growth.

GDP is a measure of the economy's output. It is measured by counting all final goods and
services once and only once that are produced during a current period, within the country.
GDP can be measured by totaling the expenditures on goods and services produced during a
specific time frame. This is referred to as the expenditure approach. Conversely, GDP can
be reached by adding the income payments to resources suppliers and the other costs of
producing those goods and services. Production of goods and services can be costly because
it requires resources that cannot be used else where. These expenses generate incomes for
resource suppliers. Therefore, this method of calculating GDP is referred to as resource
cost-income approach.

When GDP is measured by using the expenditure approach it contains four components: 1.
personal consumption, 2. gross private consumption, 3. government consumption and gross
investment, and 4. net exports to foreigners. When adding these four components the total
is equal to GDP. Personal consumption is the largest component of GDP. It consists mostly
of nondurable goods and services such as food, clothing, entertainment, and medical and
legal services. These items are consumed in a short period of time. Personal consumption
also consists of durable items that last for longer periods of time such as appliance and
cars. Gross private consumption is the production or construction of goods that will
provide for the economy in future. Business plants and equipment are examples of gross
private consumption because they will produce goods and services in the future. Government
Consumption and Gross Investments are expenditures on items such as office supplies, law
enforcements, and veteran's hospitals. These purchases are valued at the cost to taxpayers
rather than their value to those receiving the goods and services. Net exports are total
exports minus imports. In recent years, net exports have been negative. This shows that we
are buying more goods and services from foreigners than we are selling to them.

When using the Resource Cost-Income Approach to measure to GDP it is equal sum of the
following three components: 1. aggregate income (compensation of employees, income of
self-employed proprietors, rents, profits, and interest), 2. non-income cost items
(indirect business taxes and depreciation), and 3. net income of foreigners. Self-employed
proprietors take a risk by owning their own business while also providing their own labor
services. Their earnings contribute to two-thirds of GDP. Machines, buildings, land and
other physical assets contribute to the production process. Rents, corporate profits, and
interest are payments to people who provide either the physical resources or the money
required for the purchase of physical assets. Rents are payments to the resource owners in
return for allowing others to use their assets during a period of time. Corporate profits
are compensations earned by stockholders who have taken the risk of the business
responsibility. They provide funds that a firm uses to purchases resources. Interest is a
payment to a conglomerate that extends loans to producers. Indirect business taxes are
taxes on the sale of a good that increases the cost of the good to the consumer. The wear
and tare of machines used to produce goods make the machines less valuable. Even though
the machine declines in value it does not involve a payment to the owner. Therefore, an
estimate called depreciation is made based on the expect life of the resource. The net
Continues for 4 more pages >>




  • Equality to all
    Equality to all Equality for All? The question has been raised: who is in control of curriculum in our school? Not just the choosing of the precise books, but who is in charge of the contents of the books that curriculum directors can choose from? Once the answers to these questions are found, what should be done if they point to one group? So many problems in the United States have arisen when the people discover that one group is violating the peoples rights in some way by not allowing others
  • Causes of civil war
    causes of civil war Brian Quinn Dr. Carmical HIST 231- December 4, 2000 There were many causes for the American civil war. Some causes were underlying and some were immediate but all were vital in the cause for the American civil war. The differences in the lifestyles between the north and the south were an underlying cause. The south had an economy that was based almost entirely on agriculture. The north on the other hand was an economy almost solely dependent on industry and commercialism. Thi
  • Education and Egalitarianism in America
    Education and Egalitarianism in America The American educator Horace Mann once said: "As an apple is not in any proper sense an apple until it is ripe, so a human being is not in any proper sense a human being until he is educated." Education is the process through which people endeavor to pass along to their children their hard-won wisdom and their aspirations for a better world. This process begins shortly after birth, as parents seek to train the infant to behave as their culture demands. The
  • Entrepreneurial Adventure
    Entrepreneurial Adventure Entrepreneurial Adventure: The Development of Economics in The United States Capitalism came in the first ships. -Carl N. Degler Barit Brown United States History Saturday, March 18, 2000 4,753 words The United States was a nation of development. It was a nation of growth and of innovation. From the signing of the Declaration of Independence, to the end of World War II and so forth, complex dilemmas called for complex solutions and complex solutions called for innovat
  • Great Depression1
    Great Depression1 The Great Depression was the worst economic decline ever in U.S. history. It began in late 1929 and lasted about a decade. Throughout the 1920s, many factors played a role in bringing about the depression; the main causes were the unequal distribution of wealth and extensive stock market speculation. Money was distributed unequally between the rich and the middle-class, between industry and agriculture within the United States, and between the U.S. and Europe. This disproporti
  • Great Depression1
    Great Depression1 The Great Depression was the worst economic decline ever in U.S. history. It began in late 1929 and lasted about a decade. Throughout the 1920s, many factors played a role in bringing about the depression; the main causes were the unequal distribution of wealth and extensive stock market speculation. Money was distributed unequally between the rich and the middle-class, between industry and agriculture within the United States, and between the U.S. and Europe. This disproporti
  • Aztec Culture1
    Aztec Culture1 Aztec Nation By: DJ XTC The Aztec Nation A distant sound is heard. It sounds like a deep drum being hit with a heavy instrument. You hear it again and strain your eyes in the direction of the sound. All around you is dense jungle. Snakes slither between your legs. You hear the sound once again. In front of you is a dense stand of ferns. You part them and look down into a wide open valley. The valley gets so wide and it is so green that it takes your breath away. But that is not wh
  • Ethnography of the city
    ethnography of the city Ethnography in the City: Phillipe Bourgois and the Barrio Cities exist for many reasons and the diversity of urban form and function can be traced to the complex roles that cities perform. Cities serve as centers of storage, commerce, and industry. The agricultural surplus from the surrounding country hinterland is processed and distributed within the city. Urban areas have also developed around marketplaces, where imported goods from distant places could be exchanged for
  • The American Indian Genocide
    The American Indian Genocide The American Indian Genocide Textbooks and movies are still hiding the genocide of Native American Indian cultures, which began five centuries ago. There were many friendly and close relationships between early immigrant settlers and native peoples, but these were not the main current in their relations. U.S. history is destroyed by acts of genocide against native people, made worse by the deadly impact of new diseases spread by contact between new settlers and nativ
  • The Aztecs A case study
    The Aztecs A case study The Aztecs are an ancient culture that had many customs and rituals that by modern standards are considered barbaric. Their culture was made up of different social classes, and was primitive yet very advanced. They were located in the mainland of Mexico, and their empire was quite vast over that area. Their culture began around 1100, and ended around 1520. The exact numbers of the Aztecs is not known due to the age of their culture, but judging by the size of their empire
  • King Tutankhamun and His Treasures
    King Tutankhamun and His Treasures King Tutankhamun and His Treasures The ancient Egyptians were noted for many things, one of which would have been their artwork. Egyptians used many medians in their artwork that enhanced the details and beauty of every piece of art. Their artwork is fascinating and mysterious, which pulls in the viewer into wanting to learn more. One of the most important and unique Egyptian artworks belongs to King Tutankhamun, a young pharaoh of Egypt. A brief history of the
  • The shackles of socialist realism
    the shackles of socialist realism The civil strife and chaos that had torn Russia limb from limb in the early 20th Century, although brutally devastating, did not hail the end of the stability and power that had characterized the massive country for so much of history. The continuing strength of what was now the Soviet Union lay in the newly formed support structure provided by Socialist Realism, a force that directed the awareness of, and the arts produced by, the Soviet people. The ideals of S
  • Shen Kua
    Shen Kua Astronomy 201 Astronomer, Shen Kua Shen Kua was born in China in the year 1026. Shen Kua was born to Shen Chou and his wife Hsa. His family had an unbroken tradition of being civil servants. Thus his father was a local administrator of many posts from Szechwan in the west to the international port of Amoy. At Sixteen years old Shen Kua left his home to travel with his father from post to post. While traveling with his father, Shen Kua learned the responsibilities of a local administrato
  • Alaska Airlines
    Alaska Airlines Alaska Airlines For nearly 70 years, Alaska Airlines has served the west coast of North America. Alaska Airlines has grown from a small regional airline in 1932 to one today that carries more than 12 million customers per year. Alaskas route system spans more than 40 cities and primarily services four countries: Canada, United States, Mexico, and Russia. Its fleet of 88 Boeing jets is the youngest among all major airlines and it has earned U.S. airline recognition from Travel &
  • The Life of Mao Zedong
    The Life of Mao Zedong The Life of Mao Zedong Dressed in the drab military uniform that symbolized the revolutionary government of Communist China, Mao Zedong\'s body still looked powerful, like an giant rock in a gushing river. An enormous red flag draped his coffin, like a red sail unfurled on a Chinese junk, illustrating the dualism of traditional China and the present Communist China that typified Mao. 1 A river of people flowed past while he lay in state during the second week of September
  • Vlad Tepes
    Vlad Tepes Many people know of Dracula from the movie or novel of Bram Stokers Dracula, and are aware that there is was a true historical Dracula. Bram Stoker penned his immortal classic, "Dracula", he based his vampire villain on a Romanian historical figure. Stoker\'s model was Vlad III Dracula ( Tepes - The Impaler), a fifteenth century viovode of Wallachia of the princely House of Basarab. Wallachia (Tara Romaneasca) is a provence of Romania bordered to the north by Transylvania and Moldavi
  • All Quiet On the Western Front Report
    All Quiet On the Western Front Report BARRON\'S BOOK NOTES ERICH MARIA REMARQUE\'S ALL QUIET ON THE WESTERN FRONT ^^^^^^^^^^ERICH MARIA REMARQUE: THE AUTHOR AND HIS TIMES Born Erich Paul Remark on June 22, 1898, he grew up in a Roman Catholic family in Osnabruck in the province of Westphalia, Germany--a city in the northwest part of what is now West Germany. He adored his mother, Anna Maria, but was never close to his father, Peter. The First World War effectively shut him off from his sisters,
  • Webonomics
    Webonomics Introduction Webonomics, by Evan I. Schwartz, is a practical, strategic tool for positioning and growing your business in the todays exploding World Wide Web economy. Schwartz addresses the unique problems and rewards businesses can expect to encounter when conducting business in cyberspace. He also dispels some of the most common misconceptions about doing business on the Web. More importantly, Schwartz targets the key to business success on the Web: understanding consumer behaviors
  • Bristolmyers squibb
    bristolmyers squibb Prepared by: Michael Zouroudis Cornerstone student in the College of Business Administration University of Central Florida October 15, 1999 Table of Contents Section Introduction/Executive Summary................................................................................................................3 Background..................................................................................................................................................4 Marketing Pr
  • Challenges of small businesses
    Challenges of small businesses Challenges of small businesses Growth in the small and medium business in Canada and other developed countries has been very significant. This sector of the business community now represents about 40 percent of GDP and accounts more than half of total employment. Today small businesses are more diverse and more vigorous than ever, but they also faces newer and more challenges or inhibitors to their growth than their older conter parts. This research will attempt to
  • CocaCola
    CocaCola History "Coca-Cola enterprises Incorporated, employees 66,199 operates, 444 facilities, 47,235 vehicles, 1.9 million pieces of cold drink equipment and sold 3.8billion unit cases in 46 states in the united states, all 10 provinces of Canada and portions of Europe including Belgium, France, Great Britain, Luxembourg and the Netherlands" (Coca-Cola facts 99). An, Atlanta Pharmacist Dr. John Slyth Pemberton founded Coca-Cola on May 8, 1886. The carmel colored ingredients, Coca leaves and k
  • European Union
    European Union Assignment on the European Union 1. Winston Churchill took the first step towards a European Union in 1946; he called for a "United States of Europe". This Union was going to be very strong, and it has developed some very important decisions since 1946. In 1948, the Congress of Europe brought all the European movements together in The Hague. The first really big change that EU accomplished took place in 1950. The Treaty of Rome was signed and that was the beginning of EEC, the Eur
  • Fed and Monetary policy
    Fed and Monetary policy Justin McVay Period 4 Macroeconomics Term Paper FEDERAL RESERVE AND MONETARY POLICY Monetary policy affects the economic and financial decisions of virtually all of us from workers to borrowers to investors (Rukeyser 105). Louis Rukeyser wrote, "If we want monetary policy to play its proper role in a true national economic reconstruction, the authentic task is to get the Fed to stop bouncing like a Chinese Ping-Pong ball, switching every few months between the inflationar
  • Federal Express
    Federal Express FEDERAL EXPRESS Since 1971, time sensitive packages and letters have been delivered safely and punctually to anyone, anywhere in the world. Often times, the contents of these packages contain life saving materials. The company that makes efficient delivery possible is Federal Express. FedExs guaranteed overnight delivery, or your money back offer, makes it a unique and highly trusted company. Many aspects go into making this company work like a well-oiled machine; including pack
  • Financial analysis
    financial analysis TABLE OF CONTENTS. INTRODUCTION. PROCEDURE. FINDINGS. 1.0 INVESTMENT RATIOS MEASURES OF EFFICIENCY. 1.1 Earnings per Share. 1.2 P/E Ratio or Price / Earnings Ratio 1.3 Dividend Yield. 1.4 Dividend Cover. 2.0 PRIMARY OPERATING RATIOS MEASURES OF EFFICIENCY. 2.1 Return on Capital Employed 2.2 Debtors Turnover Ratio 2.3 Creditors Turnover Ratio 2.4 Return on Shareholders Fund 3.0 PRIMARY FINANCIAL RATIOS GEARING AND LIQUITY. 3.1 Gearing Ratio 3.2 Liquidity Ratio 3.2.1 Curr
  • GenesisYour vision for the Future
    GenesisYour vision for the Future Introduction: GENESIS Your Vision for the Future GENESIS Corporation is a company that deals with production of computer software and business applications that are essential for successful conduct of business today. We strive to provide affordable, innovative software solutions to users worldwide by applying creativity, experience and teamwork. The result of our efforts is production of high quality business solutions that make our customers live easier
  • Intrnational MKT research Canada
    Intrnational MKT research Canada TABLE OF CONTENTS Preface Introduction Canada -- USA\'s Largest Trading Partner NAFTA Introduction Exporting Guidelines Incentives Customs Contacts Trade Contacts Company Specific -- Massasoit Machine, Inc. Manufacturers\' Representative Recommendations Appendices A Country Data B Canadian Domestic Economy C Canadian Trade Statistics D Canada - New England Trade Summary, 1997 E NAFTA: A Partnership at Work F (SIC-3081) - Machine Shop Industry G List of Major Indu
  • Marketing Plan Green Mountain Coffee Roasters
    Marketing Plan Green Mountain Coffee Roasters Marketing Plan Green Mountain Coffee Roasters, Inc. I. Executive Summary Green Mountain Coffee Roasters currently has a revenue growth rate of 35.5% over the last 5 years. This company is growing right along side the fastest growing portion of the of the coffee industry, the high-end specialty coffee market. Green Mountain is a product leader in this category, they emphasize quality and enjoyment of their product. Green Mountain\'s target market is n
  • Nike
    Nike SHORT CASE SUMMARY Nike, Inc. (503-671-6453, www.nike.com) is the worlds #1 athletic shoe and apparel seller. Nike currently employs 20,700 employees, with total sales of .78 billion. Nike and the athletic shoe industry have evolved into one of the most competitive market in recent years. But, analysts believe that athletic shoe sales will slow down over the next few years. The slowdown will come with the change in consumer trends. For instance, the younger market is beginning to buy more
  • Payment Methods for an International Transaction
    Payment Methods for an International Transaction One of the subjects of international business that I have a particular interest in concerns the different payment tools that importers and exporters use when selling goods. There is an added level of risk present when conducting transactions internationally. This risk is in the form of theft, fraud, non-payment, complications of multiple governing agencies, and the inability to meet time deadlines. There are many financial payment tools that are c
  • Peoples bank and porters five forces
    peoples bank and porters five forces Introduction Peoples Bank is a multi-service financial institution that has grown to have assets reach nearly billion. When it started in 1842, it opened as a general savings bank aimed at the blue-collar worker who wanted to save his/her money. Now Peoples offers many services such as mortgage loans, credit cards, checking accounts, and investment advisory and brokerage services. Peoples also offers many different ways in which to do your banking whet
  • Retailing in the internet
    retailing in the internet INDUSTRY IN GERMANY Country Issues Country issues related to Germany are addressed in four contexts. The areas of consideration are (1) cultural, social, and demographic trends and concerns, (2) political/governmental concerns, (3) exchange rate issues, and (4) macroeconomic issues. Cultural, Social, and Demographic Trends and Concerns Germany is the slightly larger then the combined size of Ohio, Pennsylvania, and New York. (137,691 square miles.) Germany is a nation o
  • Shrinking buying power of the middle class
    Shrinking buying power of the middle class The Shrinking Buying Power of the Middle Class According to the Merriam-Websters Online Dictionary, the middle class is a class occupying a position between the upper class and the lower class; especially: a fluid heterogeneous socioeconomic grouping composed principally of business and professional people, bureaucrats, and some farmers and skilled workers sharing common social characteristics and values (Merriam-Webster). In the United States, their
  • Strategic Management of Quaker Oats Company
    Strategic Management of Quaker Oats Company Introduction The Quaker Oats Company, officially formed in 1901, is currently undergoing massive reorganization, which will dramatically change its position in the industry. Over the last four years, Quaker Oats\' returns have been consistently rocky. Quaker unloaded Snapple, its ice-cream toppings and condiments business, and its frozen bagel business 1997. The company has turned to an emphasis on its high performing products such as Gatorade and bagg
  • Survival Tips For Small Businesses
    Survival Tips For Small Businesses You may be in Mail Order, Direct Mail, or you may be a local merchant with 150 employees; whichever, however or whatever... you\'ve got to know how to keep your business alive during economic recessions. Anytime the cash flow in a business, large or small, starts to tighten up, the money management of that business has to be run as a "tight ship." Some of the things you can and should do include protecting yourself from expenditures made on sudden impulse. We\'
  • Target Corporation
    Target Corporation MEMO To: Bobby C. Vaught, Ph.D. Date: July 11, 2000 Professor of Management From: John Schindele Subject: Target Corporation (Formerly Dayton Hudson) The main issue facing Target Corporation is what it should do with its department store and Mervyns divisions. The company has considered closing or selling the divisions several times over the past few decades. Although both divisions continue to make a profit, the company could be better off focusing all of its attention on th
  • Computer Crime
    Computer Crime New times bring new crimes. It\'s a story as old as humanity and as new as the Internet. First comes cars, then car thieves follow. Telephones are followed by telephone fraud. Now we\'ve got computers . . .. To make home, school, and office life easier, society relies on computers. As a result of this dependency, computer use grows everyday. Along with the growing use of computers comes widespread computer crime. With the Internet becoming increasingly popular, more and more peopl
  • Computer Crime
    Computer Crime New times bring new crimes. It\'s a story as old as humanity and as new as the Internet. First comes cars, then car thieves follow. Telephones are followed by telephone fraud. Now we\'ve got computers . . .. To make home, school, and office life easier, society relies on computers. As a result of this dependency, computer use grows everyday. Along with the growing use of computers comes widespread computer crime. With the Internet becoming increasingly popular, more and more peopl
  • Computer fundermentals
    computer fundermentals The society in which we live is complex and sophisticated. As consumers we demand a variety of goods and services to enable us to maintain the quality of life we enjoy. In order to satisfy these demands, suppliers must produce the goods and services, which the consumer wants by combining factors of production such as land, labour and capital in the most efficient manner. To do this the hiring of workers, rent or purchase of the appropriate premises, and maybe, even investi
  • Computer underground
    computer underground The Computer Underground. The beginning of the electronic communication revolution that started with the public use of telephones to the emergence of home computers has been accompanied by corresponding social problems involving the activities of so-called "computer hackers," or better referred to as the computer underground (CU). The CU is composed of computer aficionados who stay on the fringes of legality. The CU is composed of relatively intelligent people, in contrast t
  • Intro to ecommerce
    intro to ecommerce E-commerce an Introduction In the broadest sense, electronic commerce (e-commerce), is the buying and selling of products and services over the Internet. It has included the handling of purchase transactions and funds transfers over computer networks. According to the Forrester Research Study "Sizing Intercompany Commerce," total U.S business-to-business Internet trade in 1998 is .7 billion, compared to a total global e-commerce of .8 billion, dramatically increasing from
  • The problem of online casino
    The problem of online casino In our society today, computer technology plays an important role in many forms of entertainment, especially in the field of online casino. As technology advances, net gambling is becoming more and more popular because people don\'t have to go out far to the land-base casino. However, many state want to prohibit net gambling because the cause of following 4 problem: the potential for fraud over the Internet, children\'s access to gambling sites, an increase in gambli
  • UNIX
    UNIX UNIX was the first operating system designed to run on dissimilar computers by converting most hardware specific commands in machine language into an independent programming language called C, Jon Wolfe writes in the Nashville Business Journal. (Wolfe 29) UNIX was the basis of AT&Ts telephone system and the governments wide area network system. Then it became the basis of communication between engineers and scientists, and eventually the basis of communication for everyone worldwide
  • UNIX1
    UNIX1 UNIX was the first operating system designed to run on dissimilar computers by converting most hardware specific commands in machine language into an independent programming language called C, Jon Wolfe writes in the Nashville Business Journal. (Wolfe 29) UNIX was the basis of AT&Ts telephone system and the governments wide area network system. Then it became the basis of communication between engineers and scientists, and eventually the basis of communication for everyone worldwid
  • Using NetIQ s AppManager
    Using NetIQ s AppManager Enterprise Network Management J. Banks, J. Brown, E. Kimble, J. Sachsel 1 Organizational Impact of an Enterprise Network Management Solution Using NetIQ s AppManager University of Maryland, University College Adelphi, MD Team J3E Members Jeffrey Banks Jeremiah (Pep) Brown Evelyn Kimble Jeffrey Sachsel July 14, 2000 Enterprise Network Management J. Banks, J. Brown, E. Kimble, J. Sachsel 2 Table of Contents Abstract ........................................................
  • Y2K1
    Y2K1 What is Y2K and What Effect Did It Present On Modern Culture? Two seemingly small digits may turn January 1, 2000 from a worldwide celebration into a universal nightmare. Affecting companies worldwide, many pay millions upon millions of dollars in order for computers to recognize the difference between the years 2000 and 1900. One of the worlds most detrimental dilemmas, the year 2000 computer bug is an extensive and interesting problem that everyone must face. The definition and implicati
  • Black Gold Texas Tea
    Black Gold Texas Tea Trevor MacKenzie E-mail: tmackenzie@cva.pvt.k12.me.us Black Gold the Texas Tea In this paper I will touch on topics of oil prices, the demise and growth of oil companies large and small and international oil regulators, natural oil deposits and their locations and life expectancy, and the future of the oil industry and all it effects. I have chosen to write on this topic because of personal interest in the worlds biggest resource, oil. In past years I have thought of how th
  • Global Warming
    Global Warming Meghan McDonald McDonald 1 Mr.Hrkal OAC World Issues December 18th, 2000 Global Warming Now, for the first time in Earth\'s history, humans may be a decisive factor in future climate change. The actions we make towards the temperature of the earth and the depletion of the ozone layer are irreversible. A warmer future could result from present-day human activities releasing large amounts of heat-trapping gases into the air. These "greenhouse gases" are part of the reason for the 1
  • History of the Euro
    History of the Euro It has been a long time in the making, but scheduled plans have marked January 1, 2002 as the date that the new Euro currency banknotes and coins will be introduced in Europe. July 1, 2002 is the designated day that the changeover to a monetary union will be complete. The discussion as to the risks and benefits of this monetary union has been all the talk around the world. This union will have vast and far-reaching effects that will touch not only the countries in the union,
  • AOL Time Warner
    AOL Time Warner On January 10, 2000, one of the largest, most powerful mergers was announced to the world. Media giant Time Warner will join forces with the Internet superstar, America on Line. The 3 billion dollar deal is the biggest in history. In the recent past, there has been a wave of merger-mania, both in the United States and in Europe. The merger of the Millennium is between America on Line and Time Warner. The AOL Time Warner deal represents the joining of the Old Media with the New