Andrews second post

Troubles have been aroused in Los Angles this past week due to an array of financial blows in a very well known Universal Company, Walt Disney. Disney, the worlds largest conglomerate corporation, had a challenging quarter this year for a multitude of reasons. One major catastrafy to the Disney Corporation was due to the Japanese earthquake, which utterly shuttered Tokyo Disneyland. In Tokyo, the corporations theme park committee closely watched the barometer of consumer confidence shortly after the earthquake hit Tokyo this past months. Numbers don't lie, and when a company's numbers are down, one can easily infer a possible negative or positive outcome. According to economist, for the first three months of the yearly quarter in April, the Disney Corporation had a net income of 942 million dollars, or 49 cents a share, down to 953 million, or 48 cents a share. By simply definition, a net income is the residual income of a firm after adding revenue of gains and subtracting all expenses and losses at the end of every quarter. So in other words, Disney was losing money and wasn't making a sufficient profit for the yearly quarter. Furthermore, Disney Theme parks have declined 3 percent to 145 million due to low attendance rates. Overall, due to the crises that took place in Japan, even the company's back in Los Angles haven suffered the consequences. Due to the low demand in Theme park attendance in this opening yearly quarter, Disney is being forced to cut back on prices and worker wages. This Disney headline is a significant event to many economists because a crises in Tokyo can prove a vital crippling to the American economy. ​