Skip to main content

Home/ Jacob Solomon's group - M2015(B)/ Group items tagged Price Control

Rss Feed Group items tagged

Filter: All | Bookmarks | Topics Simple Middle
Amanda Anna G

Venezuela to toughen price controls, set profits - Yahoo News - 0 views

news.yahoo.com/rofits-122109181--finance.html

pirce-controls

shared by Amanda Anna G on 14 Nov 13 - No Cached
  • CARACAS, Venezuela (AP) — Venezuelan President Nicolas Maduro is extending price controls and will place limits on profits as he extends attempts to curb the galloping inflation that is eroding support for his rule.
  • Maduro made the announcement in a late-night television address Sunday in which he also vowed to step up inspections of businesses selling shoes, clothing, automobiles and other goods to make sure they aren't gouging consumers.
  • Amanda Anna G on 14 Nov 13
     
    In Venezuela, the president Nicolas Maduro has extended price controls to prevent the inflation that is (against) support for his rule. "We can't allow our hard currency to be used to rob people through the sale of these goods." he harangued businessmen he accuses of usury. This article relates to price controls and politics, and shows how price controls might look like when a country is ruled by dictatorship.
Aleksi B

India Plans Price Controls on Patented Drugs - WSJ.com - 0 views

online.wsj.com/...390443819404577633070809995582

india price controls drugs

shared by Aleksi B on 17 Nov 13 - No Cached
  • India plans to widen the scope of price controls on pharmaceuticals
  • The new proposals would extend price restrictions beyond generic medicines to apply for the first time to patented drugs
  • The plans come as Bayer AG BAYN.XE -0.17% Bayer AG Germany: Xetra €94.89 -0.16 -0.17% Nov. 15, 2013 5:35 pm Volume : 2.67M P/E Ratio 25.24 Market Cap €78.47 Billion Dividend Yield 2.00% Rev. per Employee €363,176 10/31/13 Bayer Boosted by New Drugs 09/13/13 Bayer Under Scrutiny in China More quote details and news » BAYN.XE in Your Value Your Change Short position is fighting an order from India's patent authority that required the Germany company to issue a license allowing an Indian generic-drug company to sell a less expensive copy of Bayer's patented cancer drug Nexavar.
  • ...3 more annotations...
  • India sets prices for 74 generic medicines and is considering increasing the number of medicines covered by price caps to 348
  • Any attempt to restrict prices of patented drugs likely will rankle foreign pharmaceutical companies
  • The move raised fears in India that without price controls patented drugs might be unaffordable for a majority of the country's 1.2 billion people.
  • Aleksi B on 17 Nov 13
     
    The article explains on how India are planning to put price controls on their drugs making them go for lower prices so that people can afford them.
Yassine G

Price Controls Cause Chaos in Ethiopian Markets - 0 views

www.voanews.com/...134022.html

price controls demand Supply government

shared by Yassine G on 16 Nov 13 - No Cached
  • Yassine G on 16 Nov 13
     
    I choose this article as I found that It demonstrates all the consequences of a price control and from different points of view. In this case, the government set a maximum price. A lot of the citizens were very happy, as they can now afford what they couldn't before, however, with time, they started to realise that the products are disappearing from shelves. The reason is that with the lower price, demand has increased and suppliers can't supply more. The suppliers were affected by this price control too. They are not able to pay their costs any more, and profit made is very little. If the government doesn't take another action to fix what they did, they will have a bigger problem than food being expensive, which is food not exciting due to most groceries closing after not being able to make profits. 
John B

Venezuela businesses brace for more price controls - 0 views

espnsportsgolf.jovenesproponen.org/...-brace-for-more-price-controls

price controls

shared by John B on 16 Nov 13 - No Cached
  • Jorge Botti, president of Fedecamaras, said the Law for Fair Costs and Prices will spook investors looking for wider profit margins and cause shortages of basic goods because makers of numerous products will likely scale back production.
  • He said sweeping price regulations applied to goods and services in every area of Venezuela’s economy will inevitably hurt businesses already struggling with socialist-orientated policies established by President Hugo Chavez.
  • While price controls already exist for some basic foods such as cooking oil and rice, the law taking effect Tuesday will extend them to a wider range of goods and give the government more enforcement authority.
  • ...2 more annotations...
  • Officials will initially focus on setting price controls for food, personal hygiene and home cleaning products, construction materials, automobile parts, medicines and health care services before moving on to other areas of the economy, Granadillo said.
  • Luis Vicente Leon, director of the Venezuelan polling firm Datanalisis, which tracks the availability of basic goods and consumer prices, predicted the law won’t tame inflation and cause shortages of some goods.
  • John B on 16 Nov 13
     
    This article is about trying to bring down the inflation by imposing price controls for food, personal hygiene, home cleaning products, construction materials, automobile parts, medicines and health care services. I personally did not like this article since there were very little explanation of why things would occur. It was just stated one person thinks this will be a good idea, and another person thinks it is a bad idea. Nothing about why they think so.
Haydn W

Falling oil prices offer the west a great chance to refashion itself. Let's seize it | ... - 1 views

www.theguardian.com/...west-chance-refashion-policies

The Guardian USA Russia Oil Prices Balance of Payments

shared by Haydn W on 05 Dec 14 - No Cached
  • Falling oil prices offer the west a great chance to refashion itself. Let’s seize it
  • For the past 18 months, the world’s biggest oil producer has been the US.
  • One first good result of this oil price shift, however, was witnessed at Opec’s meeting in Vienna last week. The once feared cartel of oil-exporting countries, with Saudi Arabia at its core, a cartel that at one time commanded more than half of global production, is now a shadow of its former self.
  • ...9 more annotations...
  • the US will maintain this new standing for the foreseeable future, according to official projections.
  • It should be no surprise, then, that in the past rising oil prices were associated with recessions and falling oil prices with booms. If the oil price carries on falling back towards $50 a barrel, and if history is any guide, the western economy should respond – to the good.
  • But although particular companies may lose out, the first-round effect of this fall should provide good news. High oil prices depress economic activity. They suck money from consumer spending and redirect it to oil-exporting countries, which typically hoard it in elephantine foreign exchange reserves or unspent  bank deposits. It is a tax by the few on the many.
  • With the US needing to buy less oil on international markets and China’s growth sinking to its lowest mark for 40 years, there is now, amazingly, the prospect of an oil glut. The oil price instantly nosedived to its lowest level for four years, around $70 a barrel – down more than a third in three months.
  • Suddenly, the balance of economic advantage with Russia, no less dependent on oil and gas exports, will flip. Russia’s 2014 budget was based on an oil price of $100 a barrel. At $70 a barrel, the economy will contract by at least 3% in 2015, the country will run a balance of payments deficit and the government’s finances will spin out of control.
  • The chances of Russia sustaining a surrogate war in Ukraine have suddenly been reduced. All good news.
  • But western governments cannot hope that economic benefits will arrive automatically. These are new times.
  • Uncertainty and fear abound. Interest rates in Britain alone have been pegged at 0.5% for more than five years. But still business is reluctant to invest, not knowing what technologies to back or not knowing how much demand there will be for new products and services. We live in an era of stagnation, “secular stagnation”
  • So falling oil prices offer the world economy a great opportunity. But if it is not leapt upon purposefully by aggressively expansionary economic policy, secular stagnation might worsen.
  • Haydn W on 05 Dec 14
     
    The recent fall in oil prices, largely due to America's newfound dominance in the market, will cause Russia to experience a balance of payments deficit, according to this article from the Guardian. This is based on Russia's overestimate of the forecast for the global oil price and can be said to be an example of how global prices often influence balance of payments for countries, especially when it concerns national resources.
Talisha R

Price Controls on Gasoline - 0 views

caffertyfile.blogs.cnn.com/...ontrols-be-imposed-on-gasoline

'price controls' gasoline

shared by Talisha R on 13 Nov 13 - No Cached
  • Talisha R on 13 Nov 13
     
    This article is about price controls on gasoline. Gas prices have risen by 14%, this is due to rising oil prices. The price controls imposed on gas leads to a shortage of gasoline and rationing by the government. Also, black markets are likely to form and people will buy at very steep prices due to the price controls.
Haydn W

Rightmove triples its estimate for housing price rises | Money | The Guardian - 0 views

www.theguardian.com/...-estimate-house-price-increase

The Guardian Money House Prices Scarcity Opportunity Cost UK Help to Buy

shared by Haydn W on 16 Sep 13 - No Cached
  • A leading estate agent has tripled its forecast for house price rises in 2013
  • Online estate agent Rightmove has raised its 2013 house price forecast for the third time this year to more than double the rate of inflation
  • The chain expects the average property price to increase by 6% this year
  • ...14 more annotations...
  • On Wednesday the Bank of England's financial policy committee
  • and what remedial measures
  • discuss the possibility of a property bubble
  • can be taken
  • The Royal Institution of Chartered Surveyors (Rics)
  • has called on the committee to cap annual house price growth at 5% a year.
  • Vince Cable, the business secretary, has warned of the risks of "returning to the problems of the last decade when housing got out of control,"
  • and said the chancellor should consider halting the second phase of his Help to Buy scheme.
  • The controversial mechanism, which
  • will allow people to buy homes worth up to £600,000 with a 5% deposit.
  • The Liberal Democrat president, Tim Farron, also attacked George Osborne's flagship scheme
  • The Rightmove report said the average asking price reached £245,495 in September, a 4.5% increase on the same month a year earlier.
  • Prices are rising fastest in greater London, up 8.2% over the past year to £493,748, and the West Midlands, up 6.8% to £195,429.
  • In London, prices are up in all boroughs except Barking & Dagenham (down 0.8% to £218,242). Prices in Croydon and Tower Hamlets rose by more than 2% in September alone.The most expensive homes are in Kensington and Chelsea, where the average home is priced at £2.16m – a 6.5% increase on last year.
  • Haydn W on 16 Sep 13
     
    This article explains how many organisations are forecasting a rise in house prices in my home country, the UK. It also details opposition by UK politicians to the Chancellor's 'Help to Buy' scheme which is supposed to help more people get on the property ladder. I believe this is related to what we are studying in Economics as it relates to houses being a scarce resource and how people have to choose between the increasing difficulties of getting on the property ladder and other living essentials in todays economy. (Opportunity Cost)
Marenne M

Regulating the petrol oligopoly - The Express Tribune - 1 views

tribune.com.pk/...egulating-the-petrol-oligopoly

oligopoly

shared by Marenne M on 03 Mar 14 - No Cached
  • In theory, petrol prices in Pakistan are deregulated, but in practice, the government still has considerable sway over oil pricing. This is because of the unusual structure of the oil marketing industry, which has fewer than a dozen national players, and the largest company in the industry is a state-owned entity that controls over two-thirds of the market.
  • It is also a market that sells a necessary product where many of the suppliers can often have local monopolies or oligopolies. In short, it is ripe for market manipulation, unless the government acts to control such activity.
  • What is the point of having a regulatory authority if it does not have the power to levy punishments for those who violate the law?
  • ...1 more annotation...
  • ensure a level playing field and fair play
  • Amanda Anna G on 03 Mar 14
     
    The article is about regulating the petrol oligopoly in Pakistan. It argues that the petrol-firms under oligopoly set their own high prices, and the government is deregulating the prices but the prices are still too high. 
  • Marenne M on 04 Mar 14
     
    Oligopolies contain firms that operate at a profit maximizing level and that in the short run can have burst of price changes. These changes in prices are due to an instant attempt at increasing the market share, however this leads to issues for other firms as well as consumers. In order for this to be prevented, government regulation is an option. This article describes how instead of regulating the industry the government is operating it, and what problems this causes
Jakub B

Price controls make a statement about society - 0 views

www.forbes.com/...make-a-statement-about-society

price control

shared by Jakub B on 13 Nov 13 - No Cached
  • Jakub B on 13 Nov 13
     
    The author discusses the problem of shortage and other negative effects caused by regulating prices. He also charaterize people who argue that price controls are beneficial. The society, according to Art Carden, determines whether to use aforementioned regulations or not, and therefore should not be proud of making utopian schemes that in reality are detrimental.
Aleksi B

Department of Pharmaceuticals seeks Law Ministry opinion on drug pricing mechanism issu... - 0 views

articles.economictimes.indiatimes.com/...sential-medicines-price-system

Price Mechanism Drugs Government Expensive Medicine

shared by Aleksi B on 11 Oct 13 - No Cached
  • Aleksi B on 11 Oct 13
     
    Drugs are raising in price due to price mechanism, now the government might start getting involved and lowering prices to some drugs
Fiete M

Electricity Shortage California - 0 views

capitalismmagazine.com/...icity-shortages-price-controls

Price Control California Electricity

shared by Fiete M on 19 Nov 13 - No Cached
  • Fiete M on 19 Nov 13
     
    This article talks about electricity prices in California and how they were controlled, which created a energy shortage in California. Further it talks about how price control is a problem.
Dina B

Mass support for price controls - 0 views

www.cityam.com/...onalisation-and-price-controls

price control

shared by Dina B on 19 Nov 13 - No Cached
  • Dina B on 19 Nov 13
     
    This article talks mainly about economics in the UK and how we have two different sides (left wing and right wing (Tories) ) and the article is quite biased, however, it has some statistics on how people in the UK feel about price controls.
Daniel B

Venezuelan President Maduro 'to expand price controls' - 0 views

www.bbc.co.uk/...world-latin-america-24897407

price controls government

shared by Daniel B on 15 Nov 13 - No Cached
  • Daniel B on 15 Nov 13
     
    This is present event which is highly connected with price controls. The Venezuelan President is supporter of this policy and even used army to make sellers low their price. The sellers of electronics wanted to increase the prices due to the fact of inflation.
Haydn W

Energy Price Controls - The Guardian - 0 views

www.theguardian.com/...-price-control-honourable-role

Price Controls The Guardian Energy UK

shared by Haydn W on 19 Nov 13 - No Cached
  • Haydn W on 19 Nov 13
     
    This article details how UK labour leader Ed Millaband's planned price ceiling on energy prices could actually be feasible despite widespread outcry from conservative party who claimed it would cause blackout. Interestingly the latter party are now planning a move of the their own, 0.75% cap on energy. The article displays a labour bias.
Sebastian G

Venezuela: State imposes price controls - 0 views

www.scotsman.com/...poses-price-controls-1-3186012

price controls

shared by Sebastian G on 14 Nov 13 - No Cached
  • Sebastian G on 14 Nov 13
     
    This article shows us that Venezuela wants to introduce a maximum price for electronics, hardware and clothing
fie dahl

Sinopec profit rises as fuel price controls eased - 0 views

diigo.com/01brx2

controls

shared by fie dahl on 19 Nov 13 - No Cached
  • fie dahl on 19 Nov 13
     
    The article talks about how Sinopec's profit increased because of an ease in price control - this allowed the company to follow the international priced and thereby increase the revenue.
Clemente F

Unpriming the pump - 0 views

www.economist.com/...-lousy-politics-unpriming-pump

price controls

shared by Clemente F on 16 Nov 13 - No Cached
  • Clemente F on 16 Nov 13
     
    This article discusses how the politician in Indonesia are raising the price of fuel at their peril. I chose this article because it discusses some of the arguments which touched in this chapter as for example price controls and subsidies.
Haydn W

The Motorship - Shipbuilding competition promotes efficient working - 0 views

www.motorship.com/...ion-promotes-efficient-working

Competition Efficiency Shipbuilding Energy

shared by Haydn W on 08 Feb 14 - No Cached
  • In order to compete in a crowded market, efficiency is the key to success in shipbuilding
  • We spoke to Malaysian offshore specialist shipyard Shin Yang Shipbuilding to see how the company was faring in difficult times.
  • Our recent orders over the past few years have come from returning customers in UAE and Malaysia.
  • ...3 more annotations...
  • We are looking at downsizing our present build capacity and to keep a lean workforce.
  • The speculative market is not looking positive right now due to Chinese yards churning out huge numbers of OSVs, with brokers trying to capitalise on the competitive vessel price and flexible payment and finance terms offered by these Chinese yards.
  • I don’t have a strong view at this stage as market prices are predominantly controlled by brokers and the bigger shipyards which monopolise the global market, and affected by growing regulatory pressures on safety and energy efficiency.
  • Haydn W on 08 Feb 14
     
    This article details how competition in the shipbuilding market is promoting firms to strive to be both market and energy efficient. The article relates to the economic concepts of market efficiency and theories of competition and monopoly. It also briefly relates to the concepts of externalities of production too, discussing measures imposed by governments like fuel sulphur limits.
Zuzanna G

Minimum wage madness - 0 views

www.realclearpolitics.com/...nimum_wage_madness_119954.html

price controls labor force prices

shared by Zuzanna G on 17 Nov 13 - No Cached
  • Zuzanna G on 17 Nov 13
     
    This article discusses the relation between minimum wage laws and unemployment.
1 - 20 of 21 Next ›
Showing 20▼ items per page