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BLOG8 Many enterprises close the stores in UK

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According to BBC news (2019), To save money, Sainsbury’s decided to close 60 Argos, 15 supermarkets and 40 convenience stores. In fact, Sainsbury’s has no way to deal with this problem, because of the bad weather and high marketing costs, which makes them income decline in recent years. It's down 50 million pounds from last year. And they hope to recover these losses within five years. Not only Sainsbury’s, but also other enterprises have closed down or even closed down due to the reasons such as the income is not optimistic. Debenham closed 22 stores in 2019 and was recognized by the court to save money for asset restructuring.  ( The Guardian, 2019), Moreover, Boots and Mothercare also decide to close some store to survive. E-commerce is a factor  that Impact on sales of physical stores and attraction to foot traffic. For example, Amazon as the largest e-commerce, 86% of British are Amazon members, more than half of whom think Amazon's price is lower.  ( 365 ...
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BLOG7 1929: The Great Crash

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The U.S. stock price began to decline at the rate of $2, 4 and 10 o n October 23, 1929 , which made 2.5 million shares sold in one hour but no one took over. Investors have been hit hard. However, it is believed that this is a small-scale economic crisis, but in the next five days it swept across the United States. The reason for this depression is that ten years ago, Wall Street investors believed that the government could float   bonds to pay for the war, and that enterprises could also float common shares to absorb investment. In 1920, about 3 million Americans invested in stocks and traded for only $6000 for stocks worth $60000, which laid the groundwork for the final collapse of the bubble. The first reason for this economic bubble is debt consumption. Since the United States entered the electrical age in 1920, people's demand for "luxury goods" like cars and refrigerators has increased, resulting in a new way of consumption - installment plan. The emer...
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BLOG6 Cryptocurrency: Bticoin and Illegal Activities

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Cryptocurrency is a kind of digital or virtual currency protected by encryption technology, which is almost impossible to forge or re consume . They are not issued by central authorit ies. At least  in theory, they are not interfered and supervised by the government. The first cryptocurrency is Bitcoin. In 2009, it was launched by an individual or group with the pseudonym of ‘ Satoshi Nakamoto ’ . Most c ryptocurrency  are derivatives or analogs of B itcoin.  F or exampl e, Bitcoin can explains how most cryptocurrency  work.  Firstly, Decentralized Networks, cryptography and supply and demand these three parts constitute the working principle of Bitcoin ( BitDegree , 2019). What is d ecentralized Networks ? For example, A borrowed £ 100 from B and recorded it in the book. If A doesn't want to pay back the money, he just needs to tear up the account book to pay off. But if B finds 10,000 people to write down 10,000 account books, A will not be a...
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