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Aleksi B

BBC Sport - Cristiano Ronaldo: Real Madrid forward agrees new contract - 0 views

www.bbc.co.uk/...24099077

Opportunity Cost contract sport

shared by Aleksi B on 15 Sep 13 - No Cached
  • Aleksi B on 15 Sep 13
     
    Real Madrid CF have reported to give Cristiano Ronaldo a new contract making him the most expensive player in football. Now the question is will the club benefit from all this money being spent on this one player? This this the opportunity cost Real Madrid are taking hoping this will lead them to some football glory 
  • Clemente F on 16 Sep 13
     
    I believe you are right. I never though of applying economic concepts to sports and especial soccer. But you are right, soccer teams are similar to companies now days and some are even in the stock market. They are investing money on Cristiano Ronaldo hoping to get back some glory and therefore money. I find that is horrible to classify a soccer player and therefore a human being as an economic good.
Mariam P

UPS sees 1.05 billion charge with teamster contract - 0 views

www.bloomberg.com/...ge-with-teamster-contract.html

trade-offs

shared by Mariam P on 03 May 14 - No Cached
  • Mariam P on 03 May 14
     
    This article talks about the predictions of the world's largest package-delivery compony. It also shows the price chart for United Parcel Service. The analyst, Kevin Sterling said that UPS will remove 1.2 billion in obligations from its balance sheet, a trade-off worth the one-time hit to earnings.
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.
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