BOSTON–In an economy like this, it is important to understand how we came to this point and how it is still making an impact. On Nov. 5, 2008, a classroom at Simmons College was filled with a small group of 10 college students gathered for a night to discuss how our economy is being affected and how the United States is facing the possibility of a recession.
The event, “Red Zone,” was hosted by the Boston chapter of Alpha Kappa Alpha Sorority, Incorporated. The speaker and member of the organization was senior Jazmin Flete, an economics and finance student at Babson College.
The night began with refreshments and snacks. Using a PowerPoint presentation, Flete elaborated on some of the crisis issues our economy is facing, such as the bailout President Bush approved, the sub-prime mortgage meltdown, and the Rescue Plan (Tarp). The slides displayed images and questions on the economy today. Continue reading