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Samuel Choi

The Return of the Supply Side - 5 views

www.economist.com/...obamacare-and-employment

supply-side obamacare government

shared by Samuel Choi on 03 Oct 14 - No Cached
  • Pip Dop on 03 Oct 14
     
    This is a very interesting article because it presents a well-known health care reform in the context of a supply-side policy. The article is about how Republicans have been blaming Obamacare for having negative supply-side effects on the economy and the labour force by reserving budgets for subsidising the system.
  • ...1 more comment...
  • Clemente F on 04 Oct 14
     
    This article discusses the return of the supply side policies..
  • Sungmin Lee on 05 Oct 14
     
    Republicans believed that supply rather than demand was to be blamed for the economy's state. However, there has been clear evidence that the job market was held back due to low demand. The article then starts to delve int Obamacare and how it had negative supply-side effects on the economy.
  • Samuel Choi on 07 Oct 14
     
    Obamacare is nothing new - it has been debated about for months, if not years, in one shape or form. This problem with Obamacare is that it has negative supply-side effects. These effects were offset by a half, with the presence of Medicaid, but now that the subsidies for health care have shrunken, the marginal tax rate would rise, thus discouraging people to find work and keep working. Politicians are pushing for supply-side reforms, but the Congress isn't budging due to the possibility that Obamacare, an expensive and time-consuming venture, might be scrapped.
John B

Report: Fresno area aggregate supply slipping - 1 views

www.thebusinessjournal.com/...area-aggregate-supply-slipping

Aggregate Supply

shared by John B on 26 Mar 14 - No Cached
  • Despite several approved and extended rock mines in the last 10 years, Fresno County's current aggregate reserves are not expected to last very long
  • aggregate is still in short supply in the Valey
  • Current mining operations in the region are estimated to have less than 10 years remaining to meet the projected demand in construction.
  • ...2 more annotations...
  • Northern Tulare County was shown to have a little more leeway with 27 million tons of permitted reserves. That represents 22 percent of the area's 50-year demand of 124 million tons, a supply of 11 to 20 years.
  • Much of the aggregates needed in the Fresno area are produced in Coalinga out of mines operated by Granite Construction and Jaxon Enterprises, both of which are reaching the end of their supplies
  • John B on 26 Mar 14
     
    This article deals with the fact that the company Fresno County has little aggregate reserves compared to its competitors. This means that they cannot produce as much as they would need to in order to keep its business going.
Haydn W

What are multinationals doing to champion rights of millions trapped in modern-day slav... - 0 views

www.theguardian.com/...ations-compliance-human-rights

Multinational Corporations The Guardian Fair Trade Slavery

shared by Haydn W on 10 Mar 15 - No Cached
  • What are multinationals doing to champion rights of millions trapped in modern-day slavery?
  • With almost 21 million people working in forced labour conditions in the global economy, companies are being made to clean up their act
  • In a world of complex supply chains, migrant workers, sub-suppliers and a constant squeeze on costs, corporate leaders and their stakeholders are keenly aware of the risk of labour exploitation.
  • ...18 more annotations...
  • No industry or region is fully insulated from the social deficit which has emerged from the rise of the modern global economy.
  • Given the influence and impact that multinational corporations have, there is significant scope for corporate leaders to champion reform and action in this area.
  • However, the ILO estimates that 44% of those working in forced labour are also victims of trafficking (pdf).
  • The fight to eradicate the scourge of forced and child labour, sometimes referred to as modern-day slavery, has re-emerged as a defining issue in this century
  • The International Labour Organization (ILO) estimates that almost 21 million people are currently working in some form of forced labour, with 14.2 million in economic activities such as agriculture, construction, domestic work or manufacturing (pdf).
  • Beginning in California in 2012, following effective campaigning and lobbying to then-governor Arnold Schwarzenegger, mandatory corporate disclosure of a company’s non-financial activities has been on the rise.
  • From US President Obama’s executive order on trafficking and federal procurement, to the UK Modern Slavery Bill’s recent amendment to include supply chain disclosure provisions, to the EU’s adoption of a non-financial reporting directive, compulsory transparency around global corporate practices – including human rights, labour and social impacts and policies – is the latest tool being employed by legislators to place social expectations on corporations.
  • multinational corporations have grown significantly in terms of size, assets, resource control and revenue, not to mention societal influence.
  • This growth has been accompanied by growing expectations by society and government.
  • It is, of course, critical to recognise that the global corporate supply chain can be a force for good.
  • However, with their multiple levels of subcontracting, particularly throughout impoverished regions where labour laws are non-existent or not enforced, global labour and product supply chains also provide fertile ground for inhumane practices and working conditions.
  • The United States Department of Labor, for example, has produced a list of 136 goods produced in 74 countries using forced labour, child labour, or both.
  • Many leading companies already understand that their strategies shape the lives of millions. The most forward-thinking believe that business is an integral pillar of society and recognise that the people they rely on at home and abroad are central to building sustainable and lasting businesses.
  • And since mandatory disclosure requires all multinationals to take notice and action rather than just the industry leaders, this ultimately helps level the playing field.
  • Some believe supply chain transparency laws do not constitute any real change from the prevailing corporate-driven model for CSR, while others oppose increased regulation and oversight as unnecessary state intervention, believing that industry led efforts have the best chance of success.
  • it is a combination of corporate leadership and regulation in this area which will help ensure all market participants rise to acceptable standards.
  • The trend away from voluntary reports towards mandatory social reporting for global corporations is here to stay and may represent a first step towards increased legislative requirements
  • No matter where one believes the solutions lie, the ultimate goal is a global economy free from forced labour, trafficking and other abuses. For the millions of victims who go out into the world seeking work in the hope of building better lives, we must commit to seeking the best path forward.
Haydn W

Royal Mail shares soar 38% as Labour complains of knockdown price | UK news | The Guardian - 0 views

www.theguardian.com/...mail-share-price-buyers-profit

The Guardian Royal Mail Demand Supply Equilibrium UK `Shares FTSE100 Stock

shared by Haydn W on 12 Oct 13 - No Cached
  • Royal Mail shares soar 38% as Labour complains of knockdown price
  • Ed Miliband blames government for underpricing in 'fire-sale of a great British insititution' as investors make £284 paper profit
  • The government has been accused of shortchanging taxpayers by selling off Royal Mail at a knockdown price after shares in the privatised postal service rose by 38%
  • ...14 more annotations...
  • George Osborne said the privatisation had been a huge success.
  • Royal Mail stock, which the government sold at 330p, leapt to 455p
  • Royal Mail's market value rose by £1bn to £4.3bn – confirming that it will join the FTSE 100 list of Britain's biggest companies.
  • The government had valued Royal Mail at a maximum of £3.3bn, and had attacked analysts' valuation of £4.5bn as "way out".
  • Frances O'Grady, general secretary of the TUC, tweeted: "Privatising #RoyalMail has become little different from selling five pound notes for four quid."
  • Miliband, the Labour leader, said the jump in the share price – which made an immediate £284 paper profit for almost 700,000 Royal Mail investors – showed that the privatisation was a "fire sale of a great British institution"
  • Asked whether the shares had been sold too cheaply, the chancellor said: "All privatisations are done at a discount.
  • The National Audit Office, the public spending watchdog, will investigate the pricing of the float, but Cable dismissed the huge share price rise – which was bigger than that experienced on the 1980s flotation of BT and British Gas – as "froth and speculation" and said "what matters is where the price eventually settles".
  • The stockbrokers Peel Hunt said: "This is not 'froth'; it's real people buying, selling."
  • Joe Rundle, head of trading at ETX Capital, described the share price surge as a "dazzling stock market debut".
  • Private investors who bought their shares directly from the government will have to wait until at least Tuesday if they want to sell. About 690,000 people were granted 227 Royal Mail shares worth £749.10 (at the 330p float price) following overwhelming public demand for the shares.
  • The public applied for more than seven times the number of shares available to them, which meant nearly everyone did not get as many shares as they had asked for.
  • More than 36,000 people who applied for more than £10,000 worth of shares were prevented from buying any at all. About 40 people applied for shares worth £1m or more.
  • It is understood that about 20% of the shares available have gone to sovereign wealth funds – including those of Kuwait, Norway and Singapore – and other foreign funds. Royal Mail's 150,000 employees collected 10% of the shares free of charge, worth about £2,200 each at the flotation price and now worth £2,900. Employees were also allowed to buy a further £10,000 worth, but are not allowed to sell for three years
  • Haydn W on 12 Oct 13
     
    This article shows how demand for shares in the newly floated UK postal service Royal Mail has pushed the price up from 330p a share to 450p. This is the price in which demand is seen to be equal to supply, something the UK Government are being criticised for failing to notice as they believed 450p was a far to high price. The move itself if highly controversial and has been a hotly debated topic ever since it's proposal with many employees fearing that jobs will be lost.
  • Yassine G on 12 Oct 13
     
    I think this is really normal. Simply because private companies tend to have higher efficiency rates and therefore make more profits, this is the business part of the reason. Now if we consider the economical reason, I think that higher profits (deviants) will attract a lot more shareholders, this means higher demand. from the other side, shareholders will be willing to keep their shares as the company is making more and more profits, therefore less shares supply. So in short, more demand, less supply of shares could not lead to anything else except hiher prices and greater value of the company.
Jakub B

Why Are Lawyers So Expensive Even With The Excess Supply Of Lawyers? - 2 views

www.forbes.com/...h-the-excess-supply-of-lawyers

equilibrium "price mechanism" supply

shared by Jakub B on 09 Oct 13 - No Cached
  • Jakub B on 09 Oct 13
     
    The article's main topic is describing the reasons of not adapting supply of lawyers. Although the demand for their services is decreasing, their wages are still as during typical prosperity. The author states that the unwilling law milieu, It is an example of a supply curve which do not change in order to get equilibrium price. The reference to the game theory indicated in Johnson's essay which considers such stalemate as 'lose-lose situation'.
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.'
Haydn W

Taxing Carbon Is Like Taxing Diamonds | Mary Manning Cleveland - 0 views

www.huffingtonpost.com/...bon-is-like-tax_b_3965170.html

Huffington Post Price Elasticity Fossil Fuels Carbon Emissions Demand Supply

shared by Haydn W on 19 Oct 13 - No Cached
  • Taxing Carbon Is Like Taxing Diamonds
  • To reduce carbon emissions, we must tax fossil fuels -- but, say the pundits, we can't do so because the tax would be regressive, clobbering the poor.
  • Imagine that we impose a sales tax on diamonds. Would we worry about the burden on middle-class purchasers of one-fourth-caret engagement rings? What about the part of the tax "passed back" onto the DeBeers Group? Not much sympathy for global monopolists either.
  • ...8 more annotations...
  • Surprisingly, a carbon tax would operate much like a diamond tax, for reasons both of demand and supply.
  • Demand: The wealthy actually consume a disproportionate amount of carbon. Discussions of a carbon tax usually focus on the price of gasoline. One gallon of gas produces about 17 pounds of CO2. One metric ton is 2,204 pounds. So a $100 tax on a ton of CO2 comes to $0.77 per gallon -- a significant cost to low-income commuters and small truckers.
  • A May 2013 federal study of the Social Cost of Carbon estimated costs of additional CO2 emissions for 2010 to 2050 ranging from $27 to $221 per metric ton in 2050, depending on assumptions.
  • Demand elasticity for oil is low, about 0.5; so a 1 percent increase in oil price would cause a 0.5 percent decrease in consumption. That makes sense, since in the short run, it's hard for people to cut energy consumption, especially if they must drive to work. But, though numbers are hard to come by, elasticity of supply is much, much lower, for two reasons. First, oil production takes decades and billions in capital investment; producers cannot quickly increase or decrease supply. Second, oil producers form an international cartel, an organized mega-monopoly, which holds down production to drive up prices. Since they're already charging what the traffic will bear, they can't much raise prices to cover a tax.
  • As economists long ago figured out, buyers and sellers share a tax in inverse proportion to elasticity. Therefore, if supply elasticity of carbon is, say, 0.1, while demand elasticity is 0.5, the suppliers will pay five times as much of the tax as consumers. That reduces that $0.77 per gallon gas tax to only $0.13. Moreover, precisely because most of the tax falls on suppliers, it will generate plenty of revenue to help those unfortunate long-distance commuters and small truckers, to build more public transportation, to invest in renewable energy, and even to cut super-regressive taxes like the payroll tax.
  • According to Edward Wolff, in 2007, the top 1 percent in the U.S. owned 43 percent of non-home wealth, mostly securities, including of course energy company stocks and bonds. The top 10 percent of wealth holders owned 83 percent.
  • But the very poor don't drive or travel or occupy much space; the rich fly planes, including private jets; drive to low-density suburbs; occupy and heat multiple houses and hotels; and buy lots of stuff. Clearly the rich consume much more carbon per capita than the poor.
  • So we have good news and bad news. Good news: The cost of reducing carbon emissions will fall hardest on the 1 percent, who consume the most energy and own the energy companies. Bad news: Ditto. Expect a fight!
  • Haydn W on 19 Oct 13
     
    This article talks about the economic implications of imposing a tax on carbon emissions and how this would affect the different social classes of society in different ways. The article makes specific reference to economic theory and the elements on elasticity.
  • Jakub B on 20 Oct 13
     
    Taxation almost always decrease the economic surplus and therefore it makes a decline in effectiveness. In this case, the energy companies will be the most affected group.
Marenne M

Oil prices will drop if U.S. lifts crude export ban: study | Shanghai Daily - 2 views

www.shanghaidaily.com/...article_xinhua.aspx

aggregate supply

shared by Marenne M on 01 Apr 14 - No Cached
  • Gasoline costs are tied to a global market, and this study shows that additional exports could help increase supplies, put downward pressure on the prices at the pump and bring more jobs to America.
  • if export was allowed, the cost of gasoline, heating oil and diesel fuel is projected to fall
  • United States is expected to shift from a net importer to a net exporter by 2020
  • ...1 more annotation...
  • On an aggregate supply-demand basis, the country is rapidly approaching a self-sufficiency rate of 90 percent
  • Marenne M on 01 Apr 14
     
    This article describes how the U.S. is considering becoming more self-suffiecient in the fuel industry. The want to decrease their  imports and increase exports. Decreasing their imports will decrease import cost, increasing the aggregate supply. Simultaneously, increasing export will increase aggregate demand. This will shift the U.S. from a net importer to a net exporter.
Jakub B

Reform Conservatism and a Smarter Supply Side Tax Agenda - 0 views

www.forbes.com/...smarter-supply-side-tax-agenda

supply-side reform US government

shared by Jakub B on 04 Oct 14 - No Cached
  • Jakub B on 04 Oct 14
     
    The article states in a very clear way which supply-side policies are effective and describe their advantages and drawback. It also refers to the usual 'conventional' policies that can do more harm than help. It ends with a recipe for the proper use of supply-side policies.
Yassine G

Aggregate Supply, Aggregate Demand, and Coal - NYTimes.com - 1 views

krugman.blogs.nytimes.com/...pply-aggregate-demand-and-coal

aggregate supply demand government

shared by Yassine G on 25 Mar 14 - No Cached
  • Yassine G on 25 Mar 14
     
    this article talks about how a policy change could affect aggregate supply. It is quit hard to understand but it is very interesting. Of course this is from the point of view of an economist, Paul Krugman 
Clemence Lafeuille

Supply side economic policies would end the Obama Depression - 4 views

www.commdiginews.com/...-end-the-obama-depression-8880

supply side recession government

shared by Clemence Lafeuille on 06 Oct 14 - No Cached
Pip Dop and Hardy Hewson liked it
  • Clemence Lafeuille on 06 Oct 14
     
    This article evaluate fiscal and monetary policy in reference to a real world example, and go over the benefits of supply-side policy. It suggests another course of action for the US government, one where supply-side policy would be emphasised rather than any demand-side policy, because the author states that the economic stagnation is not a demand-side problem. Easy article that evaluates policies in a clear way.
Clemente F

US special forces launch raids in Libya and Somalia - 0 views

inagist.com/...386692672846852097

Supply

shared by Clemente F on 06 Oct 13 - No Cached
  • Clemente F on 06 Oct 13
     
    I wasn't able to take this article from the Newsstand but I found it on the web. This may increase the Demand and therefore the supply because of the Government Intervention. If the US force launches in Libya the supply in the weapons sector and all the complementary products because the Us's army will need some supplies.
Sebastian G

Supply of copper set to outstrip demand - 0 views

www.ft.com/...ff-11e3-b991-00144feab7de.html

equilibrium

shared by Sebastian G on 10 Oct 13 - No Cached
  • Sebastian G on 10 Oct 13
     
    This article illustrates how a increase in supply of copper shifts the equilibrium of the price and demand for copper.
  • Sebastian G on 10 Oct 13
     
    This article illustrates how a increase in supply of copper shifts the equilibrium of the price and demand for copper.
Daniel Soto Aggard

RBI wants to maintain status quo till supply-side scenario improves: Glenn Saldanha - 0 views

www.business-standard.com/...n-saldanha-114100100052_1.html

supply side

shared by Daniel Soto Aggard on 06 Oct 14 - No Cached
  • Daniel Soto Aggard on 06 Oct 14
     
    This is an article concerning the Reserve Bank of India and its problem with inflation. The article discusses how the Govenor of the Reserve Bank of India will commit to his supply side policies in order to reduce in inflation by January next year. Very simple but interesting read that could spark one's interest into further investigating the issue.
Amanda Anna G

Kansas's mid-term elections are a referendum on supply-side economics - The Washington ... - 1 views

www.washingtonpost.com/...endum-on-supply-side-economics

supply-side

shared by Amanda Anna G on 02 Oct 14 - No Cached
  • Kansas’s mid-term elections are a referendum on supply-side economics
  • Brownback has signed major tax breaks into law, reduced state spending and arguably made it harder for people in poverty to receive welfare.
  • "I don't consider this an experiment," he told The Post recently. "This is a long-term strategy to make us more competitive."
  • ...1 more annotation...
  • Voters are upset. Eliminating taxes doesn't guarantee victory at the polls -- not even in a red state like Kansas.
  • Amanda Anna G on 02 Oct 14
     
    This article deals with Kansas economy. Gov. Sam Brownback has increased taxes for the lowest- income families while the high- income families have a reduction in their taxes. He believes that it is a long- term strategy to make Kansas more competitive. 
Amanda Anna G

DHM Markets/Marketers: Per capita production - 0 views

www.dairyherd.com/...pita-production-248276141.html

aggregate-supply

shared by Amanda Anna G on 29 Mar 14 - No Cached
  • We've all heard about per capita milk consumption – how many pounds of dairy products we consume annually on a milk equivalent basis. Hint: It's about 600 lbs. per person in the United States.
  • But what about per capita milk production?
  • The Central federal milk marketing order administrator's office tracks per capita milk production annually, identifying states producing enough milk within their borders to meet the needs of their population. When compared with population estimates, the information helps reflect the aggregate supply and demand balance for individual states and regions throughout the U.S.
  • Amanda Anna G on 29 Mar 14
     
    This article is about the consumption and production of milk in the US. The comparison helps reflect the aggregate supply, as I believe- milk is a product that is bought in nearly every household in the US, and hence takes up a big proportion of the economy. 
Haydn W

IMF warns UK of lingering housing and mortgage market risks - Business News - Business ... - 3 views

www.standard.co.uk/...gage-market-risks-9780019.html

Supply-Side London UK Housing

shared by Haydn W on 07 Oct 14 - No Cached
  • IMF warns UK of lingering housing and mortgage market risks
  • The UK faces lingering risks from housing and mortgage markets despite remaining on track for the fastest growth among the world’s leading economies this year, the International Monetary Fund said today.
  • has pencilled in growth of 3.2% this year — unchanged from its last July update despite a slew of downgrades for several members of the stagnating eurozone.
  • ...8 more annotations...
  • This is the highest rate forecast among advanced economies, although the IMF has trimmed global forecasts amid fears over a “weak and uneven” recovery in Europe and parts of Asia.
  • The body, led by Christine Lagarde, said the “US and the UK in particular are leaving the financial crisis behind”
  • The Bank of England has identified the housing market as a “blinking warning light” on the economy’s dashboard following the introduction of the Help to Buy scheme last year
  • In June it introduced limits on high loan-to-income home loans to prevent borrowers over-extending themselves, while tighter mortgage lending criteria are slowing runaway prices.
  • The Bank’s latest credit conditions survey found a “significant” fall in the availability of home loans in the past three months after eight successive quarters of expansion.
  • The IMF also warned that more measures such as tax incentives and freeing up land were necessary to improve the rate of housebuilding and keep a lid on runaway house prices.
  • “Supply-side measures are crucial to safeguard housing affordability and mitigate financial stability risks,” it added.
  • Household debt levels remain high at 140% of GDP and, if the Bank’s limits on the lending market fail to gain traction, it may be forced to raise interest rates instead
  • Haydn W on 07 Oct 14
     
    This article from the London Evening Standard details how the IMF have warned the UK government over remaining household debt and the dangers it poses to the economy. The IMF have also called for 'supply side measures... to safeguard housing affordability' - a growing problem in both London and the UK as a whole.
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. 
Dina B

Supply of copper set to outstrip demand - 0 views

www.ft.com/...ff-11e3-b991-00144feab7de.html

Demand supply China price mechanism

shared by Dina B on 09 Oct 13 - No Cached
  • Dina B on 09 Oct 13
     
    This FT article talks about how the price of cooper is dropping, therefore, the supply is higher. However, the demand is still decreasing.
Aleksi B

Job Creation Should Be Policy Priority, O.E.C.D. Report Finds - NYTimes.com - 0 views

www.nytimes.com/...riority-oecd-report-finds.html

supply side government job policies

shared by Aleksi B on 02 Oct 14 - No Cached
  • Aleksi B on 02 Oct 14
     
    The article talks about how job creation needs to be created by the use of supply side policies.
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