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Yassine G

BBC News - UK industrial output in surprise fall - 0 views

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    The article is talking about the overall decrease in output in the UK. According to the article, some industries have been responsible for this, such as the industries of electronics, food and beverages. This hence affected the overall economical situation in the country which also affected the levels of imports and exports. The interesting thing is that even though the production has fallen in the short run, in the long run it was doing okay this demonstrates how we shouldn't judge from the short run situation and that we should take a look the overall result from the long run 
Mariam P

Premier Oil Drops as Production Forecast Misses Estimates - 1 views

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    This article tells us that the "Premier Oil Plc (PMO)" fell as an output forecast missed analyst estimates.But they are planning to take into account production efficiency and to plan maintenance periods. After the output have to increase in 2014. Which will help them to get up again.
Amanda Anna G

Centre for Policy Studies: Productivity is Key to Securing UK's Economic Recovery - 1 views

  • Centre for Policy Studies: Productivity is Key to Securing UK's Economic Recovery
  • Yesterday saw the release of another good set of jobs figures. Employment rose and youth unemployment and long term unemployment fell. Nevertheless, to secure the recovery and generate sustainable real wage rises, we need to break the decade long stagnation in productivity which is holding back our economy.
  • These increases in employment and hours worked have been crucial in restoring economic growth.
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  • However, at some point the gains to be made from increasing the number of workers and increasing the number of hours will diminish. Education and welfare reforms combined with more robust growth in aggregate demand will cause the pool of available workers to shrink. When we reach that point, productivity will need to rise to support output growth and real wage rises.
  • Weak demand and labour hoarding have often been cited as the causes for this sustained weakness. However, stronger growth in demand in 2013 has not led to significant increases in output per hour. Rising aggregate demand must surely lead to some increases in productivity over time but it is clear that other structural reasons are holding back productivity growth.
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    This article discusses how to secure the UK's economic recovery. It is suggested that increase in employment and hours worked could restore economic growth. At some point, this increase will diminish due to growth in the aggregate demand combined with education and welfare reforms that results in a decrease in the available workers. However, it is argued that rising aggregate demand would lead to increase in the productively over time, but other reasons are holding back productivity growth. 
Mariam P

Robusta coffee going the arabica way,prices fall below cost of production on good crop ... - 0 views

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    This article is about the fall of the price of robusta coffee. The largest producer of robusta coffee, is pushing prices down in the global market.And they believe that the output will increase. As there is an oversupply, the stock is likely to be sold at a discount before the harvest for the next crop begins.
Amanda Anna G

Energy efficiency investments reap three times the economic rewards - FierceEnergy - 0 views

  • Energy efficiency investments reap three times the economic rewards
  • The research reveals that every million dollars invested in energy efficiency programs in the region generated $3.87 million in economic output and 17.28 new jobs.
  • "The remarkably positive economic impact that investments in energy efficiency have had on both economic growth and job creation in the Southeast are helping to create a fundamental change in perspective,"
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  • "SEEA's unique analytical approach has yielded valuable insights into how investments in energy efficiency and conservation can also create jobs and other tangible benefits, even in regions that have historically shown little commitment to energy efficiency,"
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    This article is about efficiency, as the investments in energy efficiency programs created revenue and new jobs. Resources are not being wasted by inefficient use. The efficiency could also be related to economies of scale, since the firm is experiencing increasing returns to scale- every million dollars invested resulted in revenue and new jobs, and hence the work is becoming more efficient and may cause decreases in the long-run average costs.
Haydn W

Scrap the licence fee and privatise the BBC - The Commentator - 0 views

  • The next two years will see a lively debate over the future of the British Broadcasting Corporation, with the current Royal Charter due to run out at the end of 2016.
  • According to an ICM poll in the Sunday Telegraph last month, 70 per cent of voters believe that the licence fee should be abolished or cut.
  • With the licence fee scrapped, should the BBC remain in public ownership? Or should the BBC be privatised, so that it can compete on a level playing field with the global media giants that are now emerging? 
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  • Paul Samuelson, the Nobel-prize-winning American economist, advanced the concept of "public goods" in his classic 1954 paper "The Pure Theory of Public Expenditure", demonstrating that such goods had to be financed by taxation and could not be left to the free market. The hostility to advertising meant that broadcasting was the textbook paradigm of a "public good".
  • Still benefiting from the halo conferred by its wartime role, the BBC was by far the most influential broadcasting service in the world. Further, with the UK accounting for almost 10 per cent of world output in the late 1940s, its state-owned monopoly was a vast broadcasting business by international standards. The BBC may not have been part of the British constitution, but it was undoubtedly a "national champion".
  • Advertising is sometimes demonised by left-wing commentators as capitalism without taste or shame, and as free enterprise at its selfish worst.
  • The actual position is far more even-handed and complex. As the growing unpopularity of the licence fee has constrained the BBC's revenues, TV advertising spend is now about the same size as the total money collected by the licence fee and well above the portion of this money devoted to television.
  • But the truly spectacular development of the last few years is that both total advertising spend and the licence fee money have been surpassed by BSkyB's subscription revenue. As BSkyB also picks up advertising revenue on its channels, its annual income is well above the BBC's.
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    This article talks about the logistics of scraping the license fee that finances one of the worlds most famous examples of a public good, the BBC. Economic stagnation and falling wages have left many consumers disgruntled at the license fee and with the BBC failing to keep up with it's competitors in terms of revenue, costs have had to be cut at the world renowned corporation. The article explores the concept of the public good and how politicians have began to propose alternatives to the license fee.
fie dahl

Eurozone industrial output strengthens in Augusts - 0 views

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    The article is about how the industry is slowly growing stronger in the Eurozone. The article mentions the huge surplus of capacity that persists compared to before the crisis over two years ago.
Pip Dop

News.Az - Programs for import substitution in Russia to be ready by April - deputy PM - 0 views

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    This article is very interesting with regards to one of this week's topics: import substitution. The concept of import substitution is often applied to LEDC's, reducing their dependancy on foreign imports and improving domestic output. However, this article is about Russia, who is adopting import substitution in response to deteriorating political relations with other nations. The Ministry of Industry and Trade wishes to minimise dependancy on imports from abroad, conjointly limiting the manipulating power of foreign nations.
Daniel Soto Aggard

Colorado Springs economic development: Moving forward in 2015 - 0 views

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    Colorado Springs Economic Development Corporation has been seeing a lack of economic development in the past year of 2014. This corporation hasn't achieved their goals of creating 2000 jobs. However they're not even halfway there. For this corporation to increase economic development within the are of economic development, more people must be employed in order to increase the output and therefore the GDP
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