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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
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.
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)
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.
Aleksi B

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

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

Opportunity Cost contract sport

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

Counting the Cost of Fixing the Future - NYTimes.com - 0 views

www.nytimes.com/...cost-of-fixing-the-future.html

Counting the Cost of Fixing Future

shared by Amanda Anna G on 12 Sep 13 - No Cached
  • What would you pay to protect the world in which your great-great-grandchildren will live from hurricanes, drought and the like?
  • Perhaps the most startling conclusion to be drawn from the new estimates is that the sacrifice demanded of our generation to prevent vast climate change down the road may turn out to be rather small.
  • Amanda Anna G on 12 Sep 13
     
    I think this article was appropriate for our task, since most of the article was about opportunity cost, if we should spend our money on fixing the future. This subject (the environment) can be seen as an opportunity cost since we choose to venture our money on the environment for the future, even though we might not will take part of the advantages now, for the moment.
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