Tag Archives: money

Bitcoin_

Bye-Bye Bitcoin…Hello Again?

Bitcoin Stocks Plummeting

Hailey Chase

NEW YORK STOCK EXCHANGE— On April 17, 2021, people involved with the Bitcoin stock market were sent to a frenzy when the market experienced an immense drop, as the Treasury Department was honing in on cryptocurrency as an outlet for money laundering, and a $16 billion change of ownership of Dogecoin occurred via RobinHood. 

The “inevitable” decline, beginning at 7:00pm on Saturday, April 17, was Bitcoin’s largest monetary drop in history—yet it was not the highest percentage drop. In the month of April, the highest recorded price per Bitcoin was over $64,000, and in a short nine days, that price had dropped to under $48,000 by April 25th. The $16,000 drop in price per Bitcoin brought the entire market to a panic and many people sold their shares in fear of an even further decline.

On May 10, 2021, the price per Bitcoin continued to fluctuate by the second, yet the market was steadily recovering. From mid-April to early May, the decay had leveled to only about a 4.5% decrease, and the prices for the past week have only declined .60%.

However, on May 12, Tesla Co-founder and CEO, Elon Musk announced that Tesla will no longer accept Bicoin as a viable form of currency to pay for any Tesla products. At the time of the announcement, Bitcoin was around $56,000, then it took a steep decline of nearly 25% and is hovering around $43,000 as of May 17, 2021.

What does this mean for the future of Bitcoin? Like any cryptocurrency, the market is fast-paced and has the potential to change significantly every day. However, Tesla pulling out of Bitcoin is a major change that the market may not be able to sustain. While some say this crash was to be expected, others say that an even larger price per Bitcoin can be expected in the future. 

Hank the Tank Raises Hope

Ms.  Jade Leavitt

Hot Dog! Have you heard about the Make-A-Wish Fundraiser?  

Did you see the dog at school? 

On Friday February 14th, Tammy Joe Dickinson, a CVU business teacher, used her dog, Hank, to raise money for the Make-A-Wish foundation in order to help her Champlain Valley Union Principles of Business class learn marketing skills through experience.

Hank Sales

Make-A-Wish is a foundation dedicated to raising money to fulfill the wishes of children diagnosed with a critical illness. Wish recipients must be older than two and a half and younger than 18 years old. Recipients also have a threatening medical condition.

According to Dickinson “Hank the Tank”, this semester’s ‘business,’ uses Dickinson’s dog to draw the attention of students passing by in the hallway. 

Dickinson thinks Hank is the perfect marketing tool. 

Katherine Riley purchased dog treats and expands her thoughts on the cause. “I think it’s a great fundraiser and I love the idea that the business class is actually doing something practical and seeing the reality of trying to get a product from the idea all the way through.” Riley also has a therapy dog of her own and thinks, “Having dogs at school adds to the climate. Especially in times of higher stress.”

Dickinson adds to the calming presence of her dog when she says, “I feel like my stress levels are so much lower when Hank is here.” 

In a recent Washington Post Article, Why do we love pets? An expert explains, Author Karin Brulliard states, “Ours is a pet loving culture… The pet industry spends a lot of money promoting what it prefers to call the “human-animal bond.””

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CVU Seniors Attempt to Slam the Brakes on the $50 Parking Fee

Mr. Samuel Knox

Photo of Champlain Valley Union High School Senior parking lot, courtesy of Samuel Knox.
Photo of Champlain Valley Union High School Senior parking lot, courtesy of Samuel Knox.

Hinesburg, VT — As Champlain Valley Union High School (CVUHS) seniors wheeled into school on August 30, 2018, they brought more than just their school supplies; they were required to present their license, registration, and $50 (payable to the school) to Debbie Seaton at the front desk.

On September 17, CVUHS principal Adam Bunting responded to some concerns, “In a single school year we spend over $2,000 on striping and $24,000 on plowing. I would say
that in total we probably spend more than $25,000 a year on the parking lot alone. I mean, the recent renovation that was done cost around $192,000.”

When the Champlain Valley Union High School Seniors were given a survey asking them how they felt about their parking lot, 82.1% of them felt as if the lot was “well maintained.” However, in the same survey, when asked on a scale from one (“very upset!”) to ten (“happy to pay!”) about how they felt about their $50 parking fee, the average response was a four.

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College Tuition: “A Never-Ending Trend Toward Absurdity”?

Ms. Greta Powers, CVC Culture Correspondent

With the recent CVU College Fair, students have the years after graduation on their minds. Questions on tests, applications, and final decisions are occurring even to 9th grader’s. A main worry is the unavoidable fact that college is expensive and getting more expensive every year. It’s well known that college will make a larger dent in one’s wallet than it used to, but just how much extra stress is being put on college students these days? According to Forbes, as of 2013, the total loan debt of students graduating from American colleges is $1 trillion. To say this is an outrageous amount of money would be an understatement. But will college ever be less expensive or are students’ tuitions on a never-ending trend toward further absurdity?

Matthew Seklecki is the Senior Associate Director of Admissions at Saint Michael’s College in Vermont and has seen firsthand the effects of a large price tag on college enrollment. He explained where St. Michael’s gets its funding: “We receive the mass majority of our funding from tuition dollars and that runs our funding budget. College is costing more than it used to.” The latter is clear, but it can be hard to understand precisely why college expenses are rising.

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College Tuition is Far Too Expensive

Ms. Taylor Filardi

America is the land of opportunity. Anyone who is passionate and driven enough to want a college education should be given the chance to at least try. It would be great if we could make a college education free just like we do a high school education, but each of us in our right mind knows this dream will not be come true in the near future, if ever.

According to the NY Times, the soaring cost of college, a 1,225 percent increase since 1978, is far outpacing any other price the government tracks including food, housing, cars, gasoline, TVs, you name it.

Tuition has increased at a rate double that of medical care, usually considered the most expensive of human necessities, as well as crushed a generation of college grads with debt.

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Increases in College Cost

Mr. Dane Whitcomb

Between 2001–02 and 2011–12, prices for undergraduate tuition, room, and board at public institutions rose 40 percent. It seems ridiculous how fast the price of college tuition is increasing. This is a bad trend because education needs to be something affordable to everybody.

Today it is 400% more expensive to go to college in the United States than it was just 30 years ago. Obviously it should go up from thirty years ago but 400% percent is just way too much. In another 10 years, tuition averages could double, and the number of people that attend college will decrease because people just can’t afford it.

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