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Home/ Jacob Solomon's group - M2015(B)/ Contents contributed and discussions participated by Amanda Anna G

Contents contributed and discussions participated by Amanda Anna G

Amanda Anna G

MyRecordJournal.com | Meriden, CT | Moscow-led trade bloc begins in troubled times - 0 views

  • Moscow-led trade bloc begins in troubled times
  • MOSCOW — The Eurasian Economic Union, a trade bloc of former Soviet states, expanded to four nations Friday when Armenia formally joined, a day after the union between Russia, Belarus and Kazakhstan began. The Russian-dominated bloc has been politically controversial and its early days are being overshadowed by the sharp deterioration of Russia’s economy in recent months.
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    This article is about the Russian-dominating bloc, and how it affects trade and economies. 
Amanda Anna G

Lithuania's current account balance at EUR 250.9 mln in January-October :: The Baltic C... - 0 views

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    This article deals with the current account balance in Lithuania and its capital account, and how the surplus was built up 
Amanda Anna G

Balance of payments narrows but remains in surplus for fourth year in a row | The Finan... - 0 views

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    This article is about the balance of payment in India. It has narrowed, but still a surplus remains for the fourth year in a row
Amanda Anna G

Foreign exchange fines: banks handed £2.6bn in penalties for market rigging |... - 3 views

  • The corruption of the world’s biggest currency dealers was laid bare on Wednesday when regulators imposed £2.6bn of fines on six major banks for rigging the £3.5tn-a-day foreign exchange markets.
  • Two UK and US regulators said they had found a “free for all culture” rife on trading floors which allowed the markets to be rigged for five years, from January 2008 to October 2013.
  • The chancellor, George Osborne, said: “Today we take tough action to clean up corruption by a few so that we have a financial system that works for everyone. It’s part of a long-term plan that is fixing what went wrong in Britain’s banks and our economy.”
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    Regulators have imposed fines on six major banks for rigging foreign exchange markets. George Osborne argues that action have been taken in order to clean up corruption so there will be a financial system that works for everyone. 
Amanda Anna G

GBP/EUR, GBP/USD, GBP/AUD, GBP/NZD Exchange Rates All Weaker on House Price Falls - Exc... - 1 views

  • The Pound (GBP) exchange rate remained weaker against the majority of its most traded peers on Thursday as house price data added to concerns that the UK economy is slowing down and reduced pressure on the Bank of England (BoE) to raise interest rates.
  • Against the US Dollar, the Pound weakened to a fresh 14-month low and against the Euro, it declined to its weakest level in three weeks. Against the Australian and New Zealand Dollars, the Pound fell to its lowest level in 2-weeks.
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    This article is about the exchange rate in the UK for the Pund (GBP), which has become weaker during the past weeks. This implies that the UK economy is slowing down. 
Amanda Anna G

China's Coal Tariff Prolongs the Pain--Heard on the Street - WSJ - 1 views

  • China’s Coal Tariff Prolongs the Pain
  • The world’s top coal importer sent shock waves when it announced tariffs on imported coal of up to 6% Thursday.
  • China’s state media explicitly say this move is intended to protect local companies, 70% of whom are making losses as Chinese thermal coal prices have dropped 24% this year.
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  • The import tariff now gives these locals the room to raise prices over the next few months. Higher prices would be supported if they can also cut production, as China’s coal industry association recently advocated.
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    This article is about tariffs, as tariffs on imported coal of up to 6% will take place in China, in order to give local coal miners the opportunity to rise their prices as they will become more demanded. 
Amanda Anna G

Ukraine, EU to Launch Free Trade Zone if Russia Violates Brussels Agreements | Politics... - 1 views

  • KIEV, October 14 (RIA Novosti) - Kiev and Brussels will launch a free trade zone if Russia violates the Brussels agreements on implementation of the Ukraine–European Union Association Agreement, the acting Ukrainian economic development and trade minister said Tuesday.
  • Earlier, the Russian side also said it would have to introduce measures to protect its market should Kiev or Brussels begin openly or secretly implementing the economic part of the Association Agreement, thus breaking the agreements reached in Brussels mid-September.
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    This article is about free trade, as Kiev and Brussels will launch a free trade zone, only if Russia violated the Brussels agreements on implementation of the Ukraine- European Union Association Agreement. 
Amanda Anna G

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

  • 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."
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  • Voters are upset. Eliminating taxes doesn't guarantee victory at the polls -- not even in a red state like Kansas.
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    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

Changes in the US regional income distribution | FT Alphaville - 0 views

  • Changes in the US regional income distribution
  • Readers of our post on the unequal distribution of healthcare productivity across the US will notice that the states with the lowest median incomes are the ones that were originally settled by Cavaliers and Borderers, with the notable exceptions of Virginia and Maryland. Despite a general tendency towards rising inequality in the US income distribution, regional inequalities haven’t changed much since 1984,
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    This article deals with the income distribution in the US for some years back. There are charts showing the data for now and a few years back, explaining the change in the distribution of income in the different states in the US. 
Amanda Anna G

US Fed debates plans to exit easy monetary policy - FT.com - 0 views

  • The US Federal Reserve is debating yet another addition to its forward guidance as the central bank starts to plan an exit from easy monetary policy.
  • ccording to the minutes of April’s meeting of the Federal Open Market Committee, “a number” of officials wanted to give more information about how long the Fed will wait before it starts to reduce the size of its balance sheet.
  • The minutes show how the Fed is starting to wrestle with the complexity of raising interest rates with a balance sheet bloated to more than $4tn by repeated rounds of asset purchases over the past five years.
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    As a number of officials wanted to give more information about how long the US Federal Reserve will wait before it starts to reduce the size of its balance sheet, the central bank starts to plan an exit from easy monetary policy. 
Amanda Anna G

The trade-offs of Obamacare's preexisting condition coverage - latimes.com - 0 views

  • The trade-offs of Obamacare's preexisting condition coverage
  • Polls have consistently shown that even though the public opposes Obamacare, people like some of its most significant provisions. That's particularly true of the requirement that insurers ignore preexisting conditions when signing up customers for coverage. Yet that one provision, also known as guaranteed issue, is responsible for trade-offs that people bitterly oppose.
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    The "Obamacare" has faced public opposes, but some people like some of its most significant provisions. The guaranteed issue is responsible for trade-offs that people bitterly oppose. 
Amanda Anna G

Wage rises outstrip inflation for first time in six years - Telegraph - 1 views

  • Wage rises outstrip inflation for first time in six years
  • Wage rises are outstripping inflation for the first time in six years, official figures will show on Wednesday, leading to claims that the cost of living crisis is at an end.
  • Inflation figures showed a fall for the sixth month in succession to 1.6 per cent, leading Mr Osborne to say that it was “welcome news for families”. Meanwhile, the Office for National Statistics is expected to announce that regular pay is rising at a rate of 1.8 per cent, up from 1.3 per cent.
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    This article is about inflation, and that it has fallen after six months to 1.6 per cent. However, regular pay is  expected to rise in rate from 1.3 per cent to 1.8 per cent. 
Amanda Anna G

Why extending unemployment benefits could be a logistical nightmare - 1 views

  • Why extending unemployment benefits could be a logistical nightmare
  • But the state agencies responsible for administering the benefits say actually helping that population could prove to be logistically difficult.
  • "With unemployed Americans continuing to struggle, it’s our responsibility to provide them a lifeline," Perez said in an e-mail to The Post. "I’ve spoken to many governors and state labor secretaries who are ready to implement any changes -- because they understand that whatever administrative burden they might face pales in comparison to the burdens confronting the long-term unemployed. The workforce system is capable of handling this task."
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  • . A few states have even warned that implementation could be so unwieldy that they may opt out of Labor Department program that provides the benefit to workers.
  • Hiring and training new employees to handle retroactive benefits would also draw out the timeline for implementation.
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    This article is about the unemployment and the negative sides of the unemployment benefits. "Whatever administrative burden they might face pales in comparison to the burdens confronting the long-term unemployed."
Amanda Anna G

DHM Markets/Marketers: Per capita production - 0 views

  • 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.
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    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. 
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. 
Amanda Anna G

Macroeconomic challenges no longer constitute risks - Finance Ministry - The Malta Inde... - 2 views

  • The Ministry for Finance notes with satisfaction that the European Commission considers that, compared to the last year, the macroeconomic challenges in Malta no longer constitute macroeconomic risks.
  • “the macroeconomic challenges in Malta no longer constitute substantial macroeconomic risks and are no longer identified as imbalances in the sense of the Macroeconomic Imbalance Procedure (MIP). It further notes that “risks to the sustainability of private and public sector debt and the stability of the financial sector appear contained. “
  • The Ministry also welcomes the Commission’s conclusions that “as regards public finances, Malta is expected to meet its nominal deficit targets in 2013 and 2014.”
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  • “the housing market has stabilised and thus risks arising from over-exposure to property are limited”; that “private debt is on the decrease”; that “the corporate deleveraging is taking place in an orderly manner and credit market pressures are limited.”
  • “trade performance has been positive” and that “the current account balance is in surplus." In particular the Commission also noted that "the export performance of the Maltese economy has been successful".
  • “The report, unlike the one published last year, is confirming that across various fronts, the Maltese economy and public finances are getting in good shape and are meeting the ambitious targets set by the Maltese Government,”
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    This article is about the economy in Malta. The macroeconomic challenges Malta have been facing are now no longer risks and imbalances in the economy. This is due to, among others, that the housing market has stabilized and the private dept is on the decrease. 
Amanda Anna G

Regulating the petrol oligopoly - The Express Tribune - 1 views

  • In theory, petrol prices in Pakistan are deregulated, but in practice, the government still has considerable sway over oil pricing. This is because of the unusual structure of the oil marketing industry, which has fewer than a dozen national players, and the largest company in the industry is a state-owned entity that controls over two-thirds of the market.
  • It is also a market that sells a necessary product where many of the suppliers can often have local monopolies or oligopolies. In short, it is ripe for market manipulation, unless the government acts to control such activity.
  • What is the point of having a regulatory authority if it does not have the power to levy punishments for those who violate the law?
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    The article is about regulating the petrol oligopoly in Pakistan. It argues that the petrol-firms under oligopoly set their own high prices, and the government is deregulating the prices but the prices are still too high. 
Amanda Anna G

Beer Store Monopoly's End Would Mean Higher Prices: Study - 0 views

  • Ontario beer drinkers can expect to see prices rise if sales are allowed in convenience stores, according to a new study carried out for the province’s Beer Store.
  • The study, to be released Monday at the Toronto Board of Trade, says consumers can expect to pay about $10 more for a 24-pack of beer if the Beer Store’s monopoly ends.
  • The study says privatization in Alberta and British Columbia led to higher prices in those provinces. It also calculates that, if Ontario had followed Alberta’s lead on beer sales, the Ontario government would have missed out on $5.4 billion in revenue over the past 20 years.
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    This is an interesting article about monopoly. In the article, it is argued that as beer also gets allowed to be sold in convenience stores and not only in the beer store which has been a monopoly of beer, then there will be a rise in price. The government argues that it would have gained revenue if sold in convenience stores, as a study said that privatization in Alberta and British Columbia led to higher prices in those provinces.
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.
Amanda Anna G

Revenues rise at shopping mall firm | Herald Scotland - 0 views

  • The Scottish company said that gross revenue for the year increased 22.2% to £36.8 million, up from £30.1m in 2012 while net ­revenue was up 5.3%, or £700,000, at £13.8m.
  • Spaceandpeople said it had managed to expand its client base, adding the likes of St Pancras International station in London, while also increasing sales among existing customers in its core markets of the UK and Germany.
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    Firms in the UK and Germany have experienced revenue rise in its core markets. The analysts at Edison Investment Research say that there will continue being increasing business levels from existing clients.
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