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Sebastian G

Has The Earth Ever Run Out of a Natural Resource? | Resource Investor - 0 views

www.resourceinvestor.com/...-run-out-of-a-natural-resource

scarcity resources

shared by Sebastian G on 17 Sep 13 - No Cached
  • Sebastian G on 17 Sep 13
     
    This article is concerned about the question if the earth has ever run out of a natural recource. Until now there hasn't been any recourse that ran out before it became irrelevant for our economy.
Pietro AA

Analysis: Energy costs keep Japan's focus on nuclear, despite risks and use of renewabl... - 0 views

www.foxnews.com/...-nuclear-despite-risks-and-use

scarcity Opportunity Cost energy risks japan

shared by Pietro AA on 16 Sep 13 - No Cached
    • Pietro AA
      Pietro AA on 16 Sep 13
       
      Other scarse vaariables introduced: time and technology
    • Pietro AA
      Pietro AA on 16 Sep 13
       
      safety is a desire of most men and it is also not infitite therefore it is scarse.
  • ctions take about six months for each reactor, and obtaining con
  • ...19 more annotations...
    • Pietro AA
      Pietro AA on 16 Sep 13
       
      a conflict between the scarsity of safety and scarsity of energy
    • Pietro AA
      Pietro AA on 16 Sep 13
       
      a conflict between the scarsity of safety and scarsity of energy
  • Energy costs keep Japan's focus on nuclear, despite risks and use of renewables
  • other plants remained closed for intensified safety checks
  • The issue is cost, and to a lesser extent, concern over a resurgence in climate-changing carbon emissions due to increased use of coal and oil to generate power. Clean energy still only accounts for 10 percent of total consumption — most of it hydropower. Much of the new capacity approved has yet to come online.
  • nuclear power remains essential, even with a surge in generation capacity from solar, wind and other renewable sources, and that the world's No. 3 economy cannot afford the mounting costs from importing gas and oil.
  • Japan has managed to avoid power rationing and blackouts. Industries have moved aggressively to avoid disruptions by installing backup generators and shifting to new sources, such as solar power.
  • households no
  • paying 30 percent more for electricity than before, with more rate hikes to come.
  • prompted a rethink of plans to raise nuclear capacity from one-third to over half of total demand.
  • Reliance on imported oil and gas has surged from about 60 percent of energy consumption to about 85 percent.
  • The recent weakening of the Japanese yen has added to the burden on the economy from oil and gas imports.
  • Abe and others in favor of resuming nuclear power contend that renewable energy is too expensive and unreliable — wind doesn't always blow, the sun doesn't always shine.
  • Apart from those issues, national security requires that Japan retain some self-sufficiency
  • Local communities are divided: many have relied heavily on nuclear plants for jobs and tax revenues, but worry over potential risks.
  • hat there's a huge opportunity in power
  • We're also seeing radical efficiency gains.
  • he disposal and security of nuclear waste are issues yet to be resolved.
  • For now, however, it appears any phase-out of nuclear power will be very gradual.
  • "In the long term if we can create new resources that are more efficient than the current oil-based system, then we can rely less on nuclear power, that's quite possible," Adachi said. "But it will take quite a long time."
  • Pietro AA on 16 Sep 13
     
    This article shows how, since the meltdown of the Fukushima plant in 2011, the "want" of security (which is scarce) increased and gave energy problems to the country (energy is one of the most important scarce resources . Japan finds itself making decisions limited by the scarcity of energy, safety, time and technology. Should it take risks and stop spending money? Should it keep everybody safe and just go for the hydrocarbur plants? Should it simply invest on renewable energy plants? Should it take time and reaserch   Pietro
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.
Yassine G

Water Demand for Energy to Double by 2035 - 0 views

news.nationalgeographic.com/...d-for-energy-to-double-by-2035

demand energy double Scarcity risks resources

shared by Yassine G on 27 Sep 13 - No Cached
  • The amount of fresh water consumed for world energy production is on track to double within the next 25 years
  • the IEA calculates that water consumed for energy production would increase from 66 billion cubic meters (bcm) today to 135 bcm annually by 2035.
  • The agency estimates oil and natural gas production together would account for 10 percent of global energy-related water demand in 2035.
  • ...4 more annotations...
  • "It takes a great deal of energy to supply water, and a great deal of water to supply energy. With water stress spreading and intensifying around the globe, it's critical that policymakers not promote water-intensive energy options."
  • Fellow
  • IEA sees coal-powered electricity driving the greatest demand for water now and in the future
  • Steam-driven coal plants always have required large amounts of water
  • Yassine G on 27 Sep 13
     
    This article gives you an idea of how we get our energy today, and how we will be getting it in the upcoming years. It emphasizes mostly on water, as water is being used in Steam-driven coal plants in a large amount. These plants are increasing as they are more environmental friendly. This means that demand on water is increasing rapidly although water itself is a becoming very scarce. This High demand for this scarce very important natural resource raises many questions about how we would be able to survive in the long run.
Sebastian G

Market to play 'decisive' role in allocating resources - 0 views

usa.chinadaily.com.cn/...content_17099940.htm

externalities of production.

shared by Sebastian G on 25 Nov 13 - No Cached
  • Sebastian G on 25 Nov 13
     
    THis article discribes how the markets play a role in the allocation of resources.
John B

Indonesia set to cut fuel subsidy - 0 views

uptotheminutenews.net/...esia-set-to-cut-fuel-subsidy-2

Subsidy

shared by John B on 09 Nov 13 - No Cached
  • Indonesia’s parliament has paved the way for a rise in gasoline and diesel prices after months of debate and political haggling.
  • The average 33% hike will reduce the government’s ballooning fuel subsidy which has been a major drain on resources.
  • The move will likely stoke inflation
  • ...3 more annotations...
  • A proposed increase of 33% in fuel prices last year led to violent demonstrations around the country
  • Any increase in prices will lead to a short-term jump in inflation to between 7% and 8% from current levels of approximately 5% – a jump that economists say is a bitter pill but one the country has to swallow.
  • People have been expecting the price of fuel to go up,” said Ade, a street vendor in Jakarta. He sells fried rice to office goers in the business district to make a living. “So already the prices of all the basic food like rice and vegetables has gone up too. Also it is the beginning of the fasting month soon – and prices traditionally go up then too.”
  • John B on 09 Nov 13
     
    In this article the problem about rising the fuel prices with about 33% is talked about. The reason to why the government has decided to do this is because it "will reduce the government's ballooning fuel subsidy which has been a major drain on resources". Instead, the new budget includes money to about 15 million families, most of them are poor.
Amanda Anna G

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

www.fierceenergy.com/...2014-02-03

efficiency

shared by Amanda Anna G on 07 Feb 14 - No Cached
  • 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,"
  • ...1 more annotation...
  • "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,"
  • Amanda Anna G on 07 Feb 14
     
    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.
Zuzanna G

What happened to biofuels? - 0 views

www.economist.com/...l-organic-matter-has-proved-be

Scarcity biofuels fossilfuels

shared by Zuzanna G on 15 Sep 13 - No Cached
  • Zuzanna G on 15 Sep 13
     
    This article is simply about troubles with an alternative to one of the most worrying scarce resources - fossil fuels. Will we eventually have to find something else?
  • ...1 more comment...
  • Clemente F on 16 Sep 13
     
    I guess this is a fairly important problem the earth is living. Unfortunately we are overusing fossil fuels which are non-renewable resources and are therefore finite. I believe there is a to important market behind fossil fuels and this is probably why scientists are taking so much time to find something good enough.
  • Zuzanna G on 16 Sep 13
     
    Yes indeed, you're right. I believe this is one of the most important factors among markets; in fact transport rests on it. Well, we still have some time and I'm full of hope scientists will strike a happy medium :)
  • Haydn W on 16 Sep 13
     
    This is an interesting article as it shows how most people and businesses aren't actively investing in Bio Fuels, a renewable source and instead continuing to settle for scarcer fossil fuels even as the price of petroleum rises sharply in many countries. I think it's a sad fact really that we aren't taking a more active role in protecting our planet from vast exploitation.
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)
Amanda Anna G

Help-to-Buy: George Osborne makes major concession | Heather Stewart | Business | thegu... - 0 views

www.theguardian.com/...-buy-george-osborne-concession

Demand

shared by Amanda Anna G on 27 Sep 13 - No Cached
  • Subsidising high LTV mortgages in boom-bust UK housing market was political masterstroke – but economic madness
  • The centrepiece of this year's budget, Help to Buy was a political masterstroke, pumping up public confidence just as many potential buyers were thinking about returning to the estate agent's, and helping the government to claim credit for an upswing in the property market that had already been kicked off by the Funding for Lending Scheme.Economically, however, Help to Buy is madness, as the Treasury select committee, the International Monetary Fund and the outgoing governor of the Bank of England all lined up to say.
  • Offering taxpayer subsidies for high loan-to-value mortgages worth up to £600,000, just as the incorrigibly boom-bust British housing market is moving from stop-to-go mode, is at best risky, at worst, downright reckless.
  • ...1 more annotation...
  • Initially, the Treasury's argument was that the scheme would help to spark a building boom, as the surge in demand for homes prompted developers to re-start long-stalled projects.Housebuilding has picked up modestly – but by common consent it remains well below the levels that would be required to keep prices stable.
  • Amanda Anna G on 27 Sep 13
     
    The "Help to Buy" was a political masterstroke since, among other things, the government got help with the claim for a credit for an upswing in the property market, helping to spark a building boom. I think, the offering taxpayer subsidies, will help allocate resources in the free market since more will get willingly to pay for houses. But this is risky for the British housing market, since the levels that would be required to keep prices stable will remain below what is needed.
Amanda Anna G

U.S. be warned: Default would cause global crisis - CNN.com - 0 views

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

Equilibrium- Price Mechanism

shared by Amanda Anna G on 11 Oct 13 - No Cached
  • The impact of default could be catastrophic, and not just economically. As Secretary of State John Kerry asserts, this would send a message "of political silliness" that we "can't get our own act together" so we need to "get back on a track the world will respect."
  • As the U.S. partial government shutdown continues into almost a third week, the stakes are growing
  • This builds on earlier studies by the organization, including in 2011-12 which highlighted "intensified speculation about America's long-term stability," partly as a result of the downgrade by Standard & Poor's of the country's credit rating. This was prompted by the last near debt default of Washington in 2011.
  • ...4 more annotations...
  • Then, as now, however, the country retains attractive qualities for many foreigners, including its popular culture and economic innovation.
  • And the fact remains that, in times of major urgency, Washington can transcend partisan divisions and work in the national interest.
  • This was demonstrated, for instance, during the 2008-9 financial crisis when Congress and the administration acted more swiftly and comprehensively than many other countries to counteract the worst economic turmoil since at least the 1930s. This has been key in enabling the country to recover more quickly from recession than some other areas of the world. While current problems should therefore be put into context, the situation is nonetheless troubling. And this is not the first time this year that a Washington political impasse has threatened negative economic repercussions
  • Only at the 11th hour did Congress in January agree a deal to prevent the U.S. falling off the "fiscal cliff." It is estimated that the automatic tax increases and spending cuts might well have taken the U.S. economy back into recession.
  • Amanda Anna G on 11 Oct 13
     
    This article relates to equilibrium and price mechanism because it describes changes in impacts of the market. Stakes are growing, there are "intensified speculation about America's long-term stability" due to a downgrade in the country's credit rating, and an unstable state at the "fiscal cliff". These worries and a political impasse in Washington are some impacts that has threatened negative economic repercussions in the US, moving the market equilibrium. In response to changes in price, resources are allocated and re-allocated. However, profits are still able to be made making the equilibrium more stable without excess demand and supply, due to that the US has its popular culture and economic innovation, helping the country to retain attractive qualities for many foreigners.
  • Yassine G on 12 Oct 13
     
    I think this is a very serious matter, that could affect the world's over all economy if it goes on for a while. We can see that obviously a majority of the world's largest companies are american and based in america. If this effects any of those companies, the market they operate at will see a big change, both in the good way and the bad one.
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.
Haydn W

EU, China Reach Tentative Deal to End Telecom Equipment Tariff Threat - WSJ - 3 views

online.wsj.com/...pment-tariff-threat-1412870909

Wall Street Journal Tariff China EU

shared by Haydn W on 28 Oct 14 - No Cached
  • The European Union and China have reached a tentative deal that will end the threat of punitive import tariffs on Chinese telecommunications equipment makers
  • Chinese Minister of Commerce Gao Hucheng and the EU Trade Commissioner Karel De Gucht are expected to meet in Brussels on Oct. 18 after the Asia-Europe summit meeting in Milan to complete the agreement, an EU official said.
  • The agreement would sweep away the cloud of tariffs that has been hanging in particular over Huawei, which has become a major supplier of equipment to European telecommunications companies.
  • ...4 more annotations...
  • The European Commission, the EU’s executive arm, in 2013 said it was ready to start investigations into imports of mobile telecommunications equipment made by Huawei and ZTE, claiming the two companies received unfair subsidies from the Chinese government and were “dumping” their products onto the EU market at rock-bottom prices.
  • The agreement will create an entity to review the market-share of Chinese equipment manufacturers in the EU and European companies
  • China has also committed to further discussions on the hefty loans and loan guarantees that the government gives to Huawei and ZTE to finance their exports, mostly to the developing world, the official said.
  • That represents a modest victory for the EU in an area that is highly sensitive for the Chinese government.
  • Haydn W on 28 Oct 14
     
    The European Union have reached an agreement with China to end the threat of EU tariffs on Chinese telecommunications equipment. The tariff was going to be imposed as a form of protectionism to protect the European manufactures Ericsson, Nokia and Alcatel against the Chinese firms Huawei and ZTE. The Chinese firms are able to produce equipment cheaper than the European firms, due to more abundant natural resources, but also, crucially through subsidies from the Beijing government. The deal reached on October 9th, sees the Chinese companies granted a share of the market, but not access to it fully, as this is reserved for the European firms, to protect EU economic growth in such a tempestuous time, showing that, forms of protectionism still exist in the market, despite this agreement.
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.
Jakub B

Food Scarcity May Leave World Hungry Despite Growth - 0 views

www.forbes.com/...ve-world-hungry-despite-growth

scarcity food resources growth

shared by Jakub B on 16 Sep 13 - No Cached
  • Jakub B on 16 Sep 13
     
    The article focuses on 'bigger problem' than economical growth in the US. It mentions rapid increase in prices of food (e.g. corn). The writer also compares the growth of median income with the upsurge of essential nutrients.
Dina B

How facing a scarcity - of cash, time, even play - can reset the way we think - 0 views

www.theglobeandmail.com/...article14321835

scarcity

shared by Dina B on 17 Sep 13 - No Cached
  • Dina B on 17 Sep 13
     
    This is an interesting article that talks about how scarcity can really badger with people's mind. It also talks about how it makes us as people, focus. I think this is because we need scarcity to be able to achieve our goals to make the resources we want easier for us to get. This article mentions the phycological research done by Prof. Shafir collaborating with an economics professor Sendhil Mullainathan to write ' Scarcity: Why Having Too Little Means So Much '. It is an interesting read.
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.
Yassine G

The Looming Threat of Water Scarcity - 1 views

www.resilience.org/...oming-threat-of-water-scarcity

scarcity threat water resources risks

shared by Yassine G on 23 Sep 13 - No Cached
  • Some 1.2 billion people—almost a fifth of the world—live in areas of physical water scarcity, while another 1.6 billion face what can be called economic water shortage
  • Yassine G on 23 Sep 13
     
    This articles talks about how much people have to live with less amount of water than they need or, with no water at all in some cases. It also highlights the countries that use a lot of water and how they are using it. It also rises awareness about this global issue and its long and short-term impact on us. 
John B

Is Education a Public Good or a Private Good? - Innovations - Blogs - The Chronicle of ... - 1 views

chronicle.com/...28329

Public goods

shared by John B on 01 Dec 13 - No Cached
  • Advocates for more generous support of students frequently bemoan what they perceive as a social shift from viewing higher education as a “public good” to viewing it as a “private good.”
  • Advocates for more generous support of students frequently bemoan what they perceive as a social shift from viewing higher education as a “public good” to viewing it as a “private good.” What they mean is that the public gets benefits from people going to college and should not be transferring responsibility for the costs of education to students themselves.
  • The concept of public goods is central to economic analysis of the role of government in the allocation of resources. Public goods are defined by two characteristics: 1) Non-excludability: It is not possible to exclude non-payers from consuming the good. 2) Non-rivalry in consumption: Additional people consuming the good do not diminish the benefit to others
  • ...1 more annotation...
  • This is not an either/or question. The benefits of college are not all public and they are not all private. The debate should be over what fraction of the cost of postsecondary education students should bear and how large society’s subsidy to them should be. It should not be over whether education is a “public” or a “private” good.
  • John B on 01 Dec 13
     
    This article is telling us about how the higher education (college) is allocated. If it is a private good or a public good. I would say that for the moment, it is a good that is can be excluded for people who cannot afford it. Therefore it is not a public good.
Yassine G

The End Of Elastic Oil - Forbes - 1 views

www.forbes.com/...the-end-of-elastic-oil

elasticity demand Scarcity resources energy price Supply

shared by Yassine G on 18 Oct 13 - No Cached
  • Yassine G on 18 Oct 13
     
    This is a very interesting article that really helps understand this topic in depth and with real examples. Oil market is one of the largest in the world, this article talks about elasticity of demand and supply in this market. There is an explanation on the effects of different factors that determine the elasticity and what they do for this market. 
  • Jakub B on 20 Oct 13
     
    Although there are discovered new sources of oil (e.g. in Saudi Arabia), the suppliers have to drill deeper which is time-consuming and therefore the costs of production rise. 'In economic terms, the oil supply is becoming less elastic as new oil supplies come increasingly from unconventional oil.'
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