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azuccolo15

Food, rental housing bump up U.S. consumer inflation - The Globe and Mail - 1 views

www.theglobeandmail.com/...article18000700

shared by azuccolo15 on 15 Apr 14 - No Cached
  • U.S. consumer prices rose in March, but inflation pressures remained generally benign, which should give the Federal Reserve ample scope to keep interest rates low.
  • The Labor Department said on Tuesday its Consumer Price Index increased 0.2 per cent last month as a rise in food and shelter costs offset a decline in gasoline prices. The CPI index had gained 0.1 per cent in February.
  • Economists polled by Reuters had expected a 0.1 per cent rise last month. In the 12 months through March, consumer prices increased 1.5 per cent after rising 1.1 per cent over the 12 months through February.
  • ...7 more annotations...
  • The so-called core CPI, which strips out the volatile energy and food components, also rose 0.2 per cent in March after edging up 0.1 per cent the prior month.
  • In the 12 months through March, the core CPI advanced 1.7 per cent after rising 1.6 per cent in February.
  • The Fed targets 2 per cent inflation and it tracks an index that is running even lower than the CPI. The rise last month could ease concerns among some policymakers about inflation being too low.
  • In March, food prices increased 0.4 per cent after rising by the same margin in February. A drought in the West has pushe
  • In March, food prices increased 0.4 per cent after rising by the same margin in February. A drought in the West has pushed up prices for meat, dairy, fruit and vegetables.
  • More price increases could be on the way after food prices at the factory gate posted their biggest gain in 10 months in March. Gasoline prices fell 1.7 per cent, declining for a third straight month.
  • Within the core CPI, shelter costs increased 0.3 per cent, which accounted for almost two-thirds of the rise in the index. Rents increased 0.3 per cent.There were also increases in medical care, apparel, used cars and trucks, airline fares and tobacco. The cost of recreation, and household furnishings fell.
Alex Iancu

Adam Sandler Tops Forbes' 2013 List Of The Most Overpaid Actors - Forbes - 1 views

www.forbes.com/...st-of-the-most-overpaid-actors

adam sandler estimating business plan allocating resources opportunity cost

shared by Alex Iancu on 11 Dec 13 - No Cached
  • Adam Sandler is one of the few actors in Hollywood who can still demand a paycheck north of $15 million. That’s great for his bank account but not always so great for the studios that employ him.
  • Jack & Jill grossed $150 million but the film cost an estimated $80 million to make. Considering studios take home about half of box office receipts, that means only about $70 million flowed to Sony Sony, which also had to pay to advertise the stinker.
  • . We estimate that for every dollar Sandler was paid on his last three movies, the films returned an average of $3.40.
  • ...1 more annotation...
  • The problem for Hollywood is that telling a hit from a miss before the movie is made is almost impossible.
  • Victorita Paun on 12 Dec 13
     
    This is a good article as it provides sufficient grounds to analyse and evaluate.
Alex Iancu

Astronaut Mark Kelly Joins Near-Space Tourism Company World View - Forbes - 1 views

www.forbes.com/...ace-tourism-company-world-view

celebrity advertising substitutes demand

shared by Alex Iancu on 11 Dec 13 - No Cached
  • Tucson, AZ-based World View Enterprises, which aims to take people into near space altitudes via balloon, announced today that former NASA astronaut Mark Kelly is joining the company as its Director of Flight Crew Operations. The company announced that it will also begin taking reservations for its flights this week.
  • The cost for a trip will be $75,000. Pricey, but not nearly as expensive as a suborbital trip on a Virgin Galactic spaceship, which will cost about $250,000.
  • “ This is going to a very high altitude – only about 6 people have flown this high in a balloon before,”
  • Alex Iancu on 11 Dec 13
     
    Interesting Reading- Deals with demand and the factors that cause shift in demand.
  • Alan Cheung on 13 Dec 13
     
    Interesting article, but I'm not convinced you'll have enough to write 750 words. You may have to verbally go through with me what you are thinking (or use the brainstorming sheet on Moodle).
azuccolo15

Food, housing costs rise sharply in March; overall inflation low - latimes.com - 0 views

www.latimes.com/...index-20140415,0,2564059.story

shared by azuccolo15 on 15 Apr 14 - No Cached
  • Food and housing costs rose sharply in March, but overall inflation remained low, the U.S. Bureau of Labor Statistics reported Tuesday.
  • The federal government's consumer price index rose 0.2% in March, a measurement that shows average price changes in goods and services purchased by Americans. In the last 12 months, overall core inflation -- excluding the volatile food and energy indexes -- rose 1.7%.
  • Recent drought and other extreme weather patterns have driven up the price of beef to all-time highs and that was reflected in the government's food index, which rose 0.4% in March, following an identical increase the month before. 
  • ...1 more annotation...
  • It showed much steeper increases in certain food categories. The index for poultry, meats and eggs, for instance, showed a second consecutive increase of 1.2% last month.
anonymous

UK Interest Rates Will Hit 2.6% By 2017, says E&Y - 0 views

www.ibtimes.co.uk/ill-hike-base-rate-2-6-1444642

shared by anonymous on 15 Apr 14 - No Cached
  • The Bank of England will hike its base interest rate from its record low to 2.6% within three years
  • Bank's ultra-loose monetary policy to keep markets liquid and the cost of credit down, therefore boosting the economy by supporting lending to businesses and consumers.
  • forecasts that the BoE base rate will rise to 0.7% in 2015 before hitting 1.6% in 2016 and spiking again to 2.6% in 2017.
  • ...6 more annotations...
  • It is currently at its record-low of 0.5%
  • Ernst & Young (EY)
  • mortgage lending is on the rise again off the back of cheap credit made available
  • These mortgages are being taken out at a time of low interest rates, leaving borrowers exposed to higher repayment costs when the Bank of England lifts its base rate – and runs the risk of a wave of defaults.
  • London that will faces the biggest threat from interest rate rises because house prices in the city have soared.
  • house price in London leapt by 18.2%
Iris Tilea

In Typhoon Haiyan's Wake: Destroyed Rice, Coconut Crops, Fishing Industry - Forbes - 1 views

www.forbes.com/...coconut-crops-fishing-industry

shared by Iris Tilea on 03 Dec 13 - No Cached
  • much of the fertile rice-growing region of the central Visayas, as the region is known, is lost for this season at least and maybe  much longer.
  • much of the fertile rice-growing region of the central Visayas, as the region is known, is lost for this season at least and maybe  much longer.
  • farmers can no longer concentrate on farming
  • ...4 more annotations...
  • “Our farmers are small farmers,” he said. “They own on average eight tenths of a hectare. Their crop was 70% destroyed.”
  • Farmers typically had about 80 or so coconut trees on average, but they too fell by the thousands.
  • Stocks of fish in protected areas were lost, according to Juan Albaladejo, regional director for the bureau of fisheries, but fish remain plentiful in the surrounding seas.
  • The ones who are affected are the ones who are fishing, not the fish,
  • Alan Cheung on 12 Dec 13
     
    This is also a relevant micro article. My concern is whether you have enough to write 750 words.
Majdah Fareed

Fast-food protests return amid push for wage hikes - The Washington Post - 1 views

www.washingtonpost.com/...3-8d24-31c016b976b2_story.html

shared by Majdah Fareed on 06 Dec 13 - No Cached
  • advocacy groups and Democrats are hoping to build public support to raise the federal minimum wage of $7.25. That comes to about $15,000 a year for full-time work.
  • I’m relying on aid, and $7.40 is not able to help me maintain taking care of my son. I’m a single parent
  • The industry competes aggressively on being able to offer low-cost meals and companies have warned that they would need to raise prices if wages were hiked.
  • ...1 more annotation...
  • Service Employees International Union, which represents more than 2 million workers in health care, janitorial and other industries, has helped put their wages in the spotlight.
  • Alan Cheung on 12 Dec 13
     
    This is also a good article to analyse and evaluate.
anonymous

BBC News - Cumbria County Council proposes cutting bus subsidies - 1 views

www.bbc.co.uk/...uk-england-cumbria-25138484

shared by anonymous on 03 Dec 13 - No Cached
  • save £1.9m per year.
  • Forty-three daytime services, 17 evening services and 10 Sunday services receive subsidies - about 5% of the total services across the county.
  • 7p per passenger in subsidies while others cost more than £12 per person, according to council figures.
  • ...1 more annotation...
  • £22,000 per year.
  • Alan Cheung on 12 Dec 13
     
    Relevant, but I am afraid you make take some of the information already presented in the article as your own evaluation.
Jeremy Christianopoulos

Rotto businesses want ferry subsidy - The West Australian - 1 views

au.news.yahoo.com/...-businesses-want-ferry-subsidy

shared by Jeremy Christianopoulos on 05 Dec 13 - No Cached
  • subsidy on the growing cost of a ferry ticket to attract more people to the holiday island.
  • State Government's control of the island
  • pushing a same-day return ticket down to $30 in winter, with the help of a State Government subsidy
  • ...7 more annotations...
  • a simple measure that would automatically improve patronage.
  • "If that was the price wouldn't you say: 'Let's not go to Hillarys or somewhere else in Perth, let's go to Rotto have a beer and lunch and come back at five o'clock'," he said.
  • The current day trip for an adult is $75 return from Fremantle with Rottnest Express. A day return trip from Hillarys on Rottnest Fast Ferries comes in at $84
  • The prices include a $16.50 landing fee, which blows out to $21.50 for an extended stay.
  • estimated to be more than $5 million annually.
  • Mr Papandroulakis said he had informal talks with Premier Colin Barnett on the subsidy issue.
  • Rottnest Express director Glenn Gaynor said his company offered 40,000 heavily discounted tickets per year, at prices that often left them operating the ferry service at a loss.
  • Victorita Paun on 11 Dec 13
     
    In responding to this article there is room to evaluate the impact of the subsidy and the reasoning behind it, but you want to make sure that will be enough to meet the word limit and provide you with at least one diagram.
Diogo Reino da Costa

BBC News - Qantas shares tumble on shock profit warning and job cuts - 1 views

www.bbc.co.uk/...business-25227315

shared by Diogo Reino da Costa on 05 Dec 13 - No Cached
  • Shares in Qantas sank more than 15% after the Australian airline issued a surprise profit warning and announced 1,000 job cuts.
  • Qantas said in a statement it expects to makes losses of up to A$300m ($271m; £165m) for July-to-December. Chief executive Alan Joyce said the airline was facing "immense challenges".
  • He blamed record fuel costs, a strong Australian dollar and fierce competition from subsidised rivals.
  • ...4 more annotations...
  • The situation demanded urgent action and the airline would "do whatever we need to do to secure the Qantas Group's future", he said
  • The Australian aviation market is one of the toughest of anywhere in the world, the carrier said.
  • rules restricting foreign investment in the carrier should be changed.
  • Qantas argues that these rules have hurt its growth, not least because its major rival Virgin has benefited from increased foreign investment.
  • Alan Cheung on 12 Dec 13
     
    Same situation with this article, I'm not sure what specific microeconomic topics you are drawing connections with. You may be better off finding another article.
Alex Iancu

India keeps interest rates on hold but rupee further sinks | Inquirer Business - 0 views

business.inquirer.net/...n-hold-but-rupee-further-sinks

india keeps interest rates hold sinks business

shared by Alex Iancu on 16 Apr 14 - No Cached
  • India keeps interest rates on hold but rupee further sinks
  • dia’s central bank kept benchmark interest rates unchanged Tuesday as part of its struggle to prop up the battered rupee but the currency weakened further to hover just above a lifetime low.
  • Reserve Bank of India (RBI) made it clear its key priority right now is to support the rupee at the expense of spurring an economy that has been expanding at its weakest level in a decade.
  • ...8 more annotations...
  • the currency slid to 60.40 rupees to the dollar, close to its record low of 61.21 rupees hit earlier this month.
  • “The RBI has done everything to defend the rupee—but it did not hike rates,”
  • Business leaders and Finance Minister P. Chidambaram have been pushing for cheaper borrowing rates to boost growth,
  • push up the cost of imports, drive up already stubbornly high consumer price inflation and risk a widening of the current account deficit, which hit a record 4.8 percent of gross domestic product last year.
  • Earlier th
  • is month, the central bank raised two short-term lending rates to support the rupee, which is the worst-performing currency among major Asian nations.
  • India’s economic woes have led to increased speculation that it could be headed for an economic crisis of the sort it suffered in 1991, which forced a bailout by the International Monetary Fund.
  • “I feel shaky. Now there is a 10-20 percent chance that we might see 1991 again
  • Alex Iancu on 16 Apr 14
     
    India Inflation rate is kept constant-Rupee continues to sink
Giovanni Perini

UK workers set for first real pay rise for four years | Business | theguardian.com - 1 views

www.theguardian.com/...first-real-pay-rise-four-years

shared by Giovanni Perini on 15 Apr 14 - No Cached
  • UK workers set for first real pay rise for four years
  • Wage increases are finally expected to overtake inflation when prices and job figures are released this week
  • Economists believe inflation ticked down to 1.6% in March from 1.7% in February while annual wage growth is thought to have been 1.8% in the three months to February
  • ...6 more annotations...
  • The thinktank expects the unemployment rate to have dropped to 7% in the three months to February
  • This week's official data may show that the squeeze on real pay is now over.
  • "That said, falling real incomes didn't get in the way of robust consumer spending growth over the last year. Household spending growth outpaced income growth as consumers saved less (or borrowed more)
  • "Earnings growth moving above consumer price inflation would also be a very welcome development for the government given Labour's focus on the cost of living.
  • Philip Shaw, economist at Investec, expects CPI to come in at 1.5%, which would be the lowest rate since October 2009, and he forecasts it will stay relatively low.
  • However we are keeping an eye on wholesale food prices – note that wheat prices (in sterling terms) are up 9.5% so far this year, while corn is 17% higher," he said.
Iris Tilea

UK unemployment falls by 125,000 - 1 views

news.uk.msn.com/...unemployment-falls-by-125000-4

unemployment falls UK

shared by Iris Tilea on 15 Apr 14 - No Cached
  • UK unemployment falls by 125,000
  • Communications giant EE added to the good news by announcing 1,000 new jobs, on top of 400 new positions planned by TNT Post.
  • But 1.4 million people are in part-time jobs because they cannot find full-time work, a fall of 29,000 over the latest quarter but 46,000 higher than a year ago.
  • ...7 more annotations...
  • The jobless total was 2.34 million in the final quarter of last year, down by 125,000, giving a rate of 7.2%, while t he number of people claiming jobseeker's allowance dipped to 1.22 million in January, down by 27,000.
  • Employment now stands at more than 30 million, a rate of 72.1%, which is 0.6% higher than a year ago.
  • More than 900,000 young people are still unemployed and over 250,000 young people have been unemployed for over a year.
  • "Under-employment is now a bitter reality for millions of struggling families across the UK."
  • "Today's figures also show working people facing a cost-of-living crisis are over £1,600 a year worse off since David Cameron became Prime Minister.
  • the latest unemployment figures showed that the UK had a strong and flexible labour market, adding: " However, there are signs that the pace of improvement in the jobs market is slowing down. Although youth unemployment has fallen, the jobless level among 16 to 24-years-olds still stands at 917,000, which is far too high.
  • "Many people are also still working part-time, as they are unable to gain full-time employment."
Vicky Kalfayan

Shanghai's CPI sees slower rise from February | Shanghai Daily - 0 views

www.shanghaidaily.com/...shdaily.shtml

shared by Vicky Kalfayan on 15 Apr 14 - No Cached
  • SHANGHAI’S Consumer Price Index rose 2.5 percent from a year earlier
  • indicating moderate inflationary pressure in the city.
  • Food costs remained the biggest contributor as they rose 4.3 percent in March while prices of transport, healthcare and clothing all dropped, the bureau said.
  • ...1 more annotation...
  • The city’s economy grew 7.7 percent last year
Giovanni Perini

BBC News - Sheep farmers in Wales boosted by wool prices - 0 views

www.bbc.co.uk/...uk-wales-25178650

shared by Giovanni Perini on 04 Jan 14 - No Cached
  • Sheep farmers in Wales boosted by wool prices
  • 35% of wool sold by the BWMB is now exported to China, double the percentage two years ago.
  • getting around 33p a kilo for their wool - in the current strong market we're seeing prices at £1.08
  • ...6 more annotations...
  • a matter simply of "supply and demand
  • wool is lighter because of the dry, warm weather this summer, but also we unfortunately received losses of sheep in north Wales this spring after the heavy snow there. That has also had an effect."
  • Wool producers have also reported greater demand for woollen goods.
  • "Because of an increase in the demand for our products we've had to increase production, and that means we've been able to absorb the higher cost of wool.
  • "We've bought new looms, taken on more staff and are making more products".
  • "It's encouraged people to appreciate wool," he said. "It's ecologically good, it's sustainable".
  • Giovanni Perini on 04 Jan 14
     
    This article is good for analysing the effects of supply and demand, how the higher prices is getting more people employed and the effects from there, as well as positive externalities of consumption and production because wool is ecologically good.
  • Alan Cheung on 06 Jan 14
     
    Yes, this article works as you stated. You'll have to explain carefully what ecologically good means when making connections to externalities.
Dursun N1

BBC News - Indonesia fuel prices rocket by 44% sparking protests - 0 views

www.bbc.co.uk/...world-asia-23015511

shared by Dursun N1 on 07 Jan 14 - No Cached
  • Indonesia fuel prices rocket by 44%
  • sparking protests
  • Indonesia's government has cut a huge fuel subsidy
  • ...5 more annotations...
  • The subsidies are estimated to cost about $20bn a year, equivalent to almost 3% of Indonesia's total economic output.
  • Thousands of motorists rushed to fill up before midnight, after the measure was announced late on Friday.
  • petrol prices to rise by 44% and diesel by 22%.
  • The announcement sparked clashes in the capital, Jakarta, where protesters blocked roads and fought with police.
  • Indonesians had been demonstrating on the streets of many major cities all week in anticipation of the rise.
  • Victorita Paun on 08 Jan 14
     
    Interesting article discussing microeconomic concepts. Just make sure there is enough to foster a 750 words analysis. Please insert the highlights so it is clear which concepts you will be analysing.
  • Dursun N1 on 08 Jan 14
     
    This is an article about the drastic increase of fuel prices after Indonesia's government has decided to cut a huge fuel subsidy.
Purush Cadambi

BBC News - American Airlines and US Airways merger finalised - 1 views

www.bbc.co.uk/...business-25307870

shared by Purush Cadambi on 07 Jan 14 - No Cached
  • The new airline, which will be known as American Airlines, will provide nearly 6,700 daily flights to more than 330 destinations in more than 50 countries.
  • It will have a combined workforce of over 100,000 employees.
  • Those slots were intended for low-cost carriers such as JetBlue and Southwest Airlines, in order to keep prices low for consumers who might be hurt by the increasing consolidation in the US airline industry.
  • ...1 more annotation...
  • "The public, as well as investors, will benefit from a financially strong industry which can now invest to keep its product updated and in international markets competitive with foreign carriers."
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