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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).
Diogo Reino da Costa

High demand to limit Corvette supplies - 0 views

www.autonews.com/...and-to-limit-corvette-supplies

shared by Diogo Reino da Costa on 08 Jan 14 - No Cached
  • A greater number of exports will reduce the number of cars available in the United States.
  • The 2014 Corvette will be in short supply, with few unsold units on dealer lots until spring at the earliest.
  • production of the two-seat sports car will be capped at about 160 units per day on one shift.
  • ...8 more annotations...
  • Despite high demand for the redesigned sports car, GM will not add a second shift
  • "We've seen this again and again. You bring out a new Corvette and the demand is sky-high at the beginning, and then it tapers off,"
  • "It's not worth making that investment [of a second shift], even though for awhile we make a lot more money getting those cars out there."
  • GM produced 14,960 Corvettes in 2012 in the car's lone plant. If GM sticks to its current production plan for the redesigned 2014 model, output will nearly double to about 30,000 units for a full year.
  • GM has banked enough orders from dealers to keep the plant cranking out cars at 160 per day for at least the next six months.
  • A greater number of exports will reduce the number of cars available in the United States.
  • First, GM plans to offer the redesigned Corvette in nearly all 140 countries that sell Chevrolets.
  • GM spent $131 million to retool the Corvette plant to assemble the 2014 model, which uses a new frame, body and suspension.
  • Victorita Paun on 10 Jan 14
     
    Good choice of article. Make sure you have enough to discuss in 750 words.
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.
Octav Ivanescu

Syria's oil supply decimated as demand grows: OPEC - 1 views

www.cnbc.com/101021567

shared by Octav Ivanescu on 05 Dec 13 - No Cached
  • The conflict in Syria has more than halved the amount of oil the Middle Eastern country can supply, the Organization of the Petroleum Exporting Countries (OPEC) said on Tuesday.
  • The influential oil exporters' group also said that demand for oil had risen this year as the picture for the global economy improves. OPEC revised its demand forecasts up by 25,000 barrels a day in 2013.
  • A subdued improvement in developed world economies, such as the U.S. and Europe, has offset a slowdown in emerging and developing economies, according to OPEC.
  • ...1 more annotation...
  • Syria is expected to have one of the largest declines in oil supply this year, as conflict continues to rage in the country.
  • Alan Cheung on 12 Dec 13
     
    Good article, but oil tends to be overused by economics students. So, it essentially gets boring.
azuccolo15

Climate change risk to food supplies - 0 views

www.latinamericanpost.com/...e-change-risk-to-food-supplies

shared by azuccolo15 on 09 Dec 13 - No Cached
  • Climate change will pose sharp risks to the world’s food supply in coming decades, potentially undermining crop production and driving up prices at a time when the demand is expected to soar, scientists have found
  • rising temperatures will have some beneficial effects on crops in some places, but that globally they will make it harder for crops to thrive — perhaps reducing production over all by as much as 2 percent each decade for the rest of this century
  • The scientists describe a natural world in turmoil as plants and animals colonize new areas to escape rising temperatures, and warn that many could become extinct
  • ...7 more annotations...
  • While it did warn of risks and potential losses in output, particularly in the tropics, that report found that gains in production at higher latitudes would most likely offset the losses and ensure an adequate global supply
  • Hundreds of billions of dollars are being spent every year to reduce emissions in response to past findings from the group, though many analysts have said these efforts are so far inadequate to head off drastic climatic changes later in the century
  • On the food supply, the new report finds that benefits from global warming may be seen in some areas, like northern lands that are now marginal for food production. But it adds that over all, global warming could reduce agricultural production by as much as 2 percent each decade for the rest of this century.
  • During that period, demand is expected to rise as much as 14 percent each decade, the report found, as the world population is projected to grow to 9.6 billion in 2050, from 7.2 billion today, according to the United Nations, and as many of those people in developing countries acquire the money to eat richer diets.
  • Any shortfall would lead to rising food prices that would hit the world’s poor hardest, as has already occurred from price increases of recent years. Research has found that climate change, particularly severe heat waves, was a factor in those price spikes.
  • The agricultural risks “are greatest for tropical countries, given projected impacts that exceed adaptive capacity and higher poverty rates compared with temperate regions,” the draft report finds.
  • If the report proves to be correct about the effect on crops from climate change, global food demand might have to be met — if it can be met — by putting new land into production. That could entail chopping down large areas of forest, an action that would only accelerate climate change by sending substantial amounts of carbon dioxide into the air from the destruction of trees
  • Victorita Paun on 11 Dec 13
     
    This particular article is in itself a commentary on the possible economic implications of climate change, and it does not leave much room for your own comments. There is a highs risk that you will be summarizing the article rather than responding to the information that it contains.
Dorottya Szocs

BBC News - Pace picks up for British industry and car production - 1 views

www.bbc.co.uk/...business-25030372

shared by Dorottya Szocs on 03 Dec 13 - No Cached
  • UK car production in October rose at the fastest pace so far this year, and British industrial output is at its highest since 1995, organisations have reported.
  • The Society of Motor Manufacturers and Traders (SMMT) said the number of cars built in October was up 17% from 2012.
  • The growth was largely driven by demand for cars to sell in Britain rather than for export, the SMMT said. It reported 160,854 cars were built in the UK last month, with demand being driven by cheap finance deals and rising consumer confidence.
  • ...1 more annotation...
  • "UK car manufacturing for the home market increased strongly in October," said SMMT chief executive Mike Hawes. "With European demand showing early signs of recovery, we expect production to continue positively in the coming months."
  • Alan Cheung on 12 Dec 13
     
    Relevant, but I am just afraid you may not have enough to complete 750 words.
dgeorgiev15

Short supply, high demand sees avocado prices soar - Business - NZ Herald News - 0 views

www.nzherald.co.nz/...article.cfm

shared by dgeorgiev15 on 07 Jan 14 - No Cached
  • Avocado prices are soaring this summer due to short supply and high demand
  • latest crop had come in at only three million trays.
  • shortage of supply and an increased demand for avocados, which in a market economy means the price goes up
  • ...3 more annotations...
  • marketing, raising awareness of the fruit's health benefits,
  • fruit as a high value product, rather than a commodity.
  • Australia had been the largest overseas market for more than a decade
  • Alan Cheung on 07 Jan 14
     
    David, I much prefer this article over the car article. This article allows you to discuss many of the topics we've covered early in the semester. Don't forget to evaluate it.
Sara Lair

New American Airlines CEO vows to make merger work - The Washington Post - 2 views

www.washingtonpost.com/...3-a7b4-4a75ebc432ab_story.html

shared by Sara Lair on 10 Dec 13 - No Cached
  • American Airlines and US Airways seem an unlikely couple, even to the man who will lead the combined company after their merger on Monday.
  • We know that something around 25 percent of our customers will go to the lowest price irrespective of time or inconvenience. In a low-margin business like ours, you can’t give up 25 percent of your customers, so we have to match on price.
  • Will you still compete chiefly on price?
  • ...2 more annotations...
  • What’s the new American’s frequent-flier program going to look like?
  • Nothing yet to announce. What we do know is this: Customers immediately will be able to combine their miles and use their miles to fly on a larger network.
  • Victorita Paun on 11 Dec 13
     
    This information highlighted by you lends itself to a short discussion on the law of demand and perhaps market structures and types of competition (the last two being topics which have yet to be covered - from what I understand). I do not believe it will be enough to meet the word count requiements for this assignment. However, there is a section in the article mentioning taxes and that may be a more consistent topic to comment on together with perhaps the explanation of your second excerpt selected above using demand elasticity.
Majdah Fareed

Car production drops 20.2% in November - BuenosAiresHerald.com - 1 views

www.buenosairesherald.com/...duction-drops-202-in-november-

shared by Majdah Fareed on 06 Dec 13 - No Cached
  • 20.2 percent in the month of November compared with the same month last year
  • car manufacturing industry produced 62,186 vehicles in November, the ADEFA’s report revealed, a figure which also signifies a 17.7 percent decline in relation to October’s production level.
  • a decline in demand in the Brazilian car market
  • ...4 more annotations...
  • the car industry still managed to roll out 746,085 vehicles, a 6.1 percent increase so far this year
  • Even as November registered the most significant year-on-year variation in production,
  • February‘s production was down 2.3 percent from the previous year, August levels slipped 12.2 percent and in October the amount of Argentine vehicle manufactured fell 4.8 percent from the same month last year.
  • domestic and international sales saw increases since the beginning of the year in comparison to 2012, with domestic levels up 18 percent and exports 9.5 percent higher.
  • Alan Cheung on 12 Dec 13
     
    This is a good article. There should be plenty to analyse and evaluate.
Isabella Sarmiento

Asian coconut crisis could benefit Central America - 1 views

www.newsroompanama.com/...d-benefit-central-america.html

shared by Isabella Sarmiento on 03 Dec 13 - No Cached
  • PREDICTIONS of A crisis in coconut production in Asia could open markets for Central American producers.
  • The UN Agency for Food and Agriculture (FAO) is warning of an impending crisis in production in Asian countries which are majorglobal producers, due to aging plantations, whose yields have fallen from 100 coconuts per tree year, to just 40.
  • Sector productivity is increasing by 2% a year, while global demand is growing by 10%. In Asia, the coconut palm that characterizes the landscape from the Philippines to India, is facing a crisis because ageing palm crops are less productive, reducing the harvest of the commodity which is used in food, fuel, soaps and cosmetics.
  • ...1 more annotation...
  • This is because after sixty years, reforestation of the trees is advisable, and many were planted between 50 and 60 years ago, do not produce enough.
  • Alan Cheung on 12 Dec 13
     
    Relevant, but since it's referring to coconuts on a global scale, you may struggle to write about it in a micro context.
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.
  • The situation demanded urgent action and the airline would "do whatever we need to do to secure the Qantas Group's future", he said
  • He blamed record fuel costs, a strong Australian dollar and fierce competition from subsidised rivals.
  • ...4 more annotations...
  • 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".
  • 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

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.
Vicky Kalfayan

BBC News - US car makers report disappointing December sales - 1 views

www.bbc.co.uk/...business-25590219

shared by Vicky Kalfayan on 06 Jan 14 - No Cached
  • Alan Cheung on 06 Jan 14
     
    When reading closely I see many of our beginning topics on demand discussed. Have fun with this one. Don't forget to highlight the relevant parts so I see what you are picking up from the article.
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