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Marenne M

Youth unemployment: Generation Jobless at risk of becoming reality - 3 views

www.smh.com.au/...ng-reality-20140414-zquf3.html

unemployment

shared by Marenne M on 14 Apr 14 - No Cached
  • Marenne M on 14 Apr 14
     
    This article describes the unemployment among youths in Australia. It describes how no matter whether you have a degree or not, it is barely possible to find a job. This is due to a lack in demand for labor, which generally results from a lack of aggregate demand, meaning that the economy isn't operating at its full potential. Therefore there is a surplus of supply for a minimal demand of labor, leading to a decrease in wage cost and a decrease in chances of finding a job. This is why many people are recommending doing internships for free, because firms are no longer paying as much for the employees, but even these internships are hard to get.
Marenne M

Experts say future water scarcity threatens Pakistan - UPI.com - 0 views

www.upi.com/...71375251777868

water scarcity pakistan

shared by Marenne M on 16 Sep 13 - No Cached
  • Pakistan will face an acute water shortage in the not-too-distant future
  • no access to clean drinking water, and farmers lack irrigation water
  • he backbone of the economy
  • ...14 more annotations...
  • not far from being classified as 'water scarce,' with less than 1,000 cubic meters per person per year.
  • eak regulation, lack of such demand-management tools as consumer meters and "highly inappropriate tariffs”
  • Agriculture
  • storage capacity is equivalent to only a 30-day supply, compared with the recommended 1,000 days
  • ater scarcity means compromising on water quality as well as quantity.
  • Many of Pakistan's rivers pass through India first, giving India control over their flow, and water has been an issue between the two countries in the past -- leading some to point to the possibility of a future war over water.
  • mismanagement and criminal negligence of our successive governments
  • construction of large dams and better planning.
  • solution
  • 18 million gallons of water ran out to sea.
  • 3 percent less water than it needs
  • We should increase efficiency of irrigation by sustainable agriculture practices and advanced technologies.
  • India over water because agriculture is [the] backbone of our economy,
  • dialogue with
  • Marenne M on 16 Sep 13
     
    This article describes the scarcity of water in Pakistan due to a lack of organization and planning. It goes into detail about what causes the scarcity of water, what the current effect is on Pakistan, what effect it could have in the future, and some solutions to this problem.
Marenne M

Ebola Brings West Africa Economic Development to Screeching Halt - 0 views

www.voanews.com/...2597874.html

economic development

shared by Marenne M on 10 Feb 15 - No Cached
  • United Nations Development Program finds the Ebola epidemic is dramatically setting back prospects for economic development in Liberia, Sierra Leone and Guinea.
  • impact of Ebola has caused a breakdown in trust between these governments and their people.
  • “For instance, Liberia is going to record its first negative growth trend in 2014, which we estimate to be something as high as minus 1.8 percent negative growth, which is very serious,"
  • ...3 more annotations...
  • fragility of the countries' health systems, a lack of health care workers, and cultural practices that often accelerate the spread of Ebola.
  • Ebola crisis in West Africa has resulted in job losses, rising food prices, and agricultural disruption.
  • harp drops in the use of health and education services are likely to increase poverty, child and maternal mortality, and facilitate the spread of HIV/AIDS and malaria, particularly for the rural poor.
  • Marenne M on 10 Feb 15
     
    This article describes the impact of the Ebola virus on the economic development in Western Africa. The lack in health infrastructure has not only lead to negative economic growth, however it has also led to the decreased use of education and healthcare services, increased job losses, rising food prices, agricultural disruption, increased poverty, increased child and maternal mortality, and increased the spread of HIV/AIDS. The initially poor infrastructure in Western Africa has led to negative development.
Philine D

The Psychology of Scarcity, Days late, Dollars short - 1 views

www.economist.com/...r-mind-days-late-dollars-short

scarcity psychology of

shared by Philine D on 14 Sep 13 - No Cached
  • Clemente F on 14 Sep 13
     
    The article argues about the psychology that there is in the concept of scarcity. It is said that this concept is partially destroying the economy I believe. They say that because because of scarcity shortens a person's horizons but it is also very positive because when a person lacks of something acts differently. Even if they don't precisely know what they desire the fact that they may lack of it they may "succumb to a similar scarcity"
  • Haydn W on 16 Sep 13
     
    I think this is an interesting article as it explores not only how scarcity affects an economy but takes a physiological approach and investigates how scarcity can effect our mindset. This, I feel is particularly relevant in today's 'tough economy'.
  • Philine D on 17 Sep 13
     
    This article is essentially promoting a book that has been written about scarcity and the mindset that evolves from it. It is interesting because it offers you some real life example of scarcity and it explains the psychology of scarcity.
John B

CNN - GalapagosQuest: Water Scarcity in the Galapagos - March 9, 1999 - 0 views

edition.cnn.com/...index.html

Scarcity of Water

shared by John B on 13 Sep 13 - No Cached
  • Water is a scarce and valuable resource in the Galapagos and always has been. Only a few of the islands have regular springs where people can find water. The presence of water depends mostly on rainfall, which happens only between January and June, the wet season. The amount of rainfall is different from year to year and from island to island. But the greatest variation is a result of altitude. The highlands receive a lot more rain than the coastal areas and are a better place for most plants, animals, and people to live. Most of the underground pools and springs are found only on the older islands, like San Cristobal, Santa Cruz, and Santa María. Here, thousands of years of erosion created pockets and caverns deep underground where rain water and dew could pool and be collected. Patrick Watkins figured this out pretty quickly and managed to survive here for years. Others weren't so smart, or so lucky.
  • Back home we take water for granted, even though we know we shouldn't. People here on Santa María know what it's like to not have water for days, to go without showers and to settle for just one glass of water a day. That trickling rock where pirates filled their water casks still keeps Santa María alive. Rubber hoses carry water over four miles downhill to town, irrigating gardens and watering cattle along the way.
  • John B on 13 Sep 13
     
    I think that this article has a very important aspect on the water scarcity in the world. It's about a person visiting the Galapagos where water is seen as a very valuable resource. It can pass days before the people living on the Galapagos can drink water again. This made me think about how we (in Sweden) even flush down clean water in the toilet, and then there are people who does not even have clean water to drink every day. Though the article was posted in 1999, which was a while ago, but there is still water scarcity in parts of the world that we need to consider in our daily life. To perhaps donate money to organizations that help these people who have a lack of clean water.
  • Jakub B on 16 Sep 13
     
    Yes, indeed. There are few people from Western countries who notice that problem because they do not face with it. Of course there are still many other locations (especially in Africa), in which the residents' strongest desire is connected with scarcity of water.
  • Yassine G on 23 Sep 13
     
    In order for people to realize something is to go through it. I think that if governments around the world start supplying a limited amount of water to every house, depending on how many people live in it. this would make people realise how scarce water is and eventually start using it efficiently.
Haydn W

Rules on unemployment benefits tightened to end 'signing on' culture | Politics | The G... - 2 views

www.theguardian.com/...nt-benefits-signing-on-culture

Unemployment UK The Guardian Jobs

shared by Haydn W on 13 Apr 14 - No Cached
  • Rules on unemployment benefits tightened to end 'signing on' culture
  • Jobless will have to take 'basic steps' towards finding work before they can claim, as part of government push on welfare
  • The government is to hail the end of the "signing on" culture when it announces that unemployed people will have to take "basic steps" towards finding work before they can claim benefits.
  • ...4 more annotations...
  • the employment minister, will launch a significant government push on welfare this week by saying that unemployed people must prepare for their first interview with a Jobcentre Plus adviser by preparing a CV.
  • McVey will highlight tough new rules for newly unemployed people. She will say: "With the economy growing, unemployment falling and record numbers of people in work, now is the time to start expecting more of people if they want to claim benefits.
  • "This is about treating people like adults and setting out clearly what is expected of them so they can hit the ground running.
  • In return, we will give people as much help and support as possible to move off benefits and into work because we know from employers that it's the people who are prepared and enthusiastic who are most likely to get the job.
  • Haydn W on 13 Apr 14
     
    This new policy, outlined from the UK government's recent budget announcement aims to get young people out of the so called welfare culture and into employment. From around the end of the Second World War there has been a rapid increase in people leaving education and signing onto unemployment benefits. With these tougher measures the government hopes to prepare these people for work and curb the relative 7 - 8% unemployment rate. However the government has faced severe criticism, notably for their lack of efforts to get university graduates into jobs since raising university fees here from £3000 per year to £9000 when they came to power in 2010.
Hardy Hewson

Google Buys Waze for $1bn - 0 views

www.telegraph.co.uk/...Google-buys-Waze-for-1bn.html

lack of perfect competition monopoly anti-competition purchase

shared by Hardy Hewson on 11 Feb 14 - No Cached
  • Hardy Hewson on 11 Feb 14
     
    This article published in the Telegraph regards the purchase of up-and-coming Israeli mapping program Waze for an estimated $1bn. The move is one that serves to increase Google's monopolistic stance in the digital mapping industry, as the purchase restricts the availability of effective substitutes to map services owned by Google.
Haydn W

Comcast-Time Warner Cable: How a monopoly can get even worse for you - latimes.com - 1 views

www.latimes.com/...nopoly-20140213,0,867041.story

Monopoly USA LA Times Market Cable

shared by Haydn W on 14 Feb 14 - No Cached
  • Comcast's $45-billion offer for Time Warner Cable, a deal that will cement Comcast's position as the dominant cable operator in America.
  • The idea is that already the cable industry is a web of monopolies -- no neighborhood in the country has more than one cable operator to choose from.
  • the merger "will in effect turn two medium-size regional monopolists into a big sprawling monopolist.
  • ...5 more annotations...
  • Comcast CEO Brian Roberts tried to finesse the issue Thursday by arguing that the deal "does not reduce competition in any market or in any way,"
  • But the ramifications of the cable monopoly go beyond mere access to channels on your set-top box. As we observed back in August, the more damaging consequence of the cable monopoly is in broadband Internet access, where the power of the cable firms' monopolies is magnified by the lack of practical alternatives to their Internet services.
  • n general, the U.S. has the lowest connection speeds and the highest prices in the developed world. The New America Foundation serveyed the world in 2012 to determine what customers could get for the equivalent of $35 a month. In Hong Kong, they could download from the Internet at 500 megabits per second (a half a gigabit); in Tokyo 200 Mbps; in Seoul, Paris, Bucharest (Romania) and Berlin 100. In Los Angeles, 10. Los Angeles is a Time Warner Cable monopoly.
  • The constraint here isn't technological, but commercial. Our fat and secure cable monopolies simply don't feel competitive pressure to provide customers with the fastest speeds at reasonable, affordable rates.
  • We need more competition, not less; and allowing Comcast and Time Warner Cable to merge means much, much less.
  • Haydn W on 14 Feb 14
     
    This article discusses the ramifications of the Comcast - Time Warner Cable merger in America. The two biggest internet and cable providers in the country are set to merge effectively creating one monopoly firm. The market has the charactersists of a monopoly in the fact that new firms can not really enter, even huge phone providers like Verizon and Sprint are having to stop rolling out fibre optic broadband, meaning internet speeds for there customers are set to remain slow. The cable industry is often a typical example of a monopolistic market and it looks set to stay this way. 
Hardy Hewson

Mexico Ends National Crude Oil Monopoly - 4 views

www.bloomberg.com/...l-as-mexico-ends-monopoly.html

government monopoly Supply

shared by Hardy Hewson on 18 Feb 14 - No Cached
  • Hardy Hewson on 18 Feb 14
     
    After 75 years of barring foreign investment into her oil fields, the Mexican government (particularly President Enrique Pena) is set to repeal laws that had previously ensured a state monopoly of Mexican crude oil. As one of the biggest crude resources in the Western Hemisphere, this move poses a dramatic increase in North American crude exports, which will rise to second in quantity behind only Saudi Arabia. The bill to end the monopoly was approved by the Mexican Congress in mid-December and could see foreign investment eventually rise to approximately $15 billion per year. However, potential issues arise in the form of material delays, local opposition to drilling and a lack of pre-existing infrastructure.
Amanda Anna G

Is the bank ATM a public good? - Livemint - 1 views

www.livemint.com/...he-bank-ATM-a-public-good.html

public-goods

shared by Amanda Anna G on 01 Dec 13 - No Cached
  • The aftereffects of the ATM incident show that we are still ambivalent about it. Our idea of a public good is centuries old.
  • What everyone conveniently forgets is that an ATM is not tied to the mother bank—the free usage of another bank’s ATM (up to a fairly liberal limit) has made the ATM a near-public place.
  • Very early in life, I learnt the importance of the state. By now it is well-recognized that much as we deride the state, we can’t live without it.
  • ...3 more annotations...
  • Is the bank ATM a public good? The idea of mandating banks to provide security to ATMs betrays a pitiable lack of understanding of the changing face of public goods
  • But several decades on have we evolved enough in our understanding of what constitutes a public good that the state should provide?
  • The implied belief is that an ATM is a bank’s product, meant for the bank’s customers, and hence its security is the bank’s problem, i.e. it is not sufficiently “public”. The subtext, sometimes articulated, is that since 60% of the adult population does not have a bank account, an ATM is essentially an elitist construct, not worthy of being within the protective cover of the general law and order setup
  • Aleksi B on 01 Dec 13
     
    This article asks the question is the ATM a public good. Inside we will find the article making statements to why it is in fact a public good and why it should be considered as one
  • Amanda Anna G on 02 Dec 13
     
    This article deals with the idea of assign authority to banks to provide security to the ATM. Is the ATM a good that benefits to the society? Since the ATM is a way to give freedom to the people I would say yes, but should then the ATM be controlled by guards? In my opinion, I think it would be a good idea. Even though one might argue that the idea would take away the freedom of ATM, I think the security will provide even more freedom to the people since they can deal with their money safely.
Amanda Anna G

Obama: No 'sugarcoating' problems with health website - CNN.com - 0 views

edition.cnn.com/...index.html

Price - Elasticity

shared by Amanda Anna G on 21 Oct 13 - No Cached
  • Washington (CNN) -- An unscripted moment Monday summed up President Barack Obama's effort to downplay problems plaguing the government website used to sign up for required health insurance under his signature health care reforms.
  • In the same assured and upbeat manner, Obama also attempted to discuss the myriad problems of HealthCare.gov, the website for the 15% of Americans lacking health coverage to sign up for insurance.
  • "It's time for folks to stop rooting for its failure, because hardworking middle class families are rooting for its success," Obama said of the health care law.
  • ...3 more annotations...
  • "God only knows how much money they've spent, and it's a failure," McConnell said Sunday on the CBS program "Face the Nation." "You know, the government simply isn't going to be able to get this job done correctly."
  • Carney hinted that lingering problems in signing people up could result in relief, noting that the law makes clear that "if you do not have access to affordable health insurance, you will not have to pay a penalty for not having affordable health insurance."
  • He also repeated the President's assertion that high demand in the first weeks of the new exchanges contributed to the website problems, noting that the larger-than-expected response exposed existing "glitches and kinks."
  • Amanda Anna G on 21 Oct 13
     
    This is a question about price elasticity, since something needs to be improved in the quality of the website so there will not be problems anymore, often resulting in a necessary price change. Since health insurance is seemed as necessary for many and hence the responsiveness is big, the demand might not change as much in a change in price of the website even tough there are problems at the website. If there will not be an improvement of the website and the price will increase, there might be a smaller change in the quantity demanded.
Haydn W

ECB's Draghi says euro zone must 'complete' monetary union | Reuters - 0 views

www.reuters.com/...b-draghi-idUSKBN0K90IW20141231

Reuters EU ECB Monetary Union

shared by Haydn W on 19 Jan 15 - No Cached
  • ECB's Draghi says euro zone must 'complete' monetary union
  • (Reuters) - Euro zone countries must "complete" their monetary union by integrating economic policies further and working towards a capital markets union, European Central Bank President Mario Draghi said.
  • Draghi said structural reforms were needed to "ensure that each country is better off permanently belonging to the euro area".
  • ...3 more annotations...
  • He said the lack of reforms "raises the threat of an exit (from the euro) whose consequences would ultimately hit all members"
  • He said an economic union would make markets more confident about future growth prospects -- essential for reducing high debt levels -- and so less likely to react negatively to setbacks such as a temporary increase in budget deficits.
  • Unifying capital markets to follow this year's banking union would also make the bloc more resilient.
  • Haydn W on 19 Jan 15
     
    This article, from news agency Reuters, outlines Mario Draghi's, head of the European Central Bank (ECB), statement in Italy this week, regarding the Eurozone, a form of monetary integration. Draghi outlined the need for European countries to complete the monetary union and integrate policy to avert another crash. 
Daniel Soto Aggard

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

gazette.com/...1545958

economic development Colorado Fail

shared by Daniel Soto Aggard on 08 Feb 15 - No Cached
  • Daniel Soto Aggard on 08 Feb 15
     
    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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