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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
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
  • Ernst & Young (EY)
  • 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%
  • 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.
  • 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%
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).
Alex Iancu

Riders mount horse blockade of Paris over stable tax - Telegraph - 0 views

www.telegraph.co.uk/...-of-Paris-over-stable-tax.html

tax riders france VAT

shared by Alex Iancu on 07 Jan 14 - No Cached
  • Lorry drivers and horse riders will seek to block roads in and around Paris and other major cities on Monday after a weekend of protests that saw several thousand truck drivers cause disruption across France and up to 40,000 “red caps” protest in Brittany against tax hikes and job losses.
  • Horse riders will take to the streets of Paris to denounce a plan to raise VAT on stables from 7 per cent to 20 per cent.
  • Meanwhile, lorry drivers plan to block roads around Lille, in the North, and Marseille, in the South in the latest effort to force the French government to cancel the so-called "ecotax" through which it aims to raise more than 1 billion euros a year to finance mostly rail infrastructure projects
  • ...9 more annotations...
  • the French government has suspended its implementation until 2015
  • 26 blockades on France's main road arteries on Saturday
  • Up to 4,500 trucks caused significant disruption from the Paris region to Bordeaux and Aix-en-Provence in the south, affecting transit towards Spain and Italy
  • Meanwhile, in Brittany, up to 40,000 people took part in a rally in Carhaix, many wearing “bonnets rouges” (red caps) that have become synonymous with rising anger against President François Hollande’s punitive tax hikes.
  • “Brittany is being scorned and ignore
  • The government is due to propose a “Pact for the future of Brittany” on Wednesday which it hopes will finally quell the protest movement and stop it spreading to other regions.
  • Jean-Marc Ayrault, the prime minister, has promised a “total overhaul” of France’s tax system to quell tensions – an overhaul that Mr Hollande says will take his entire five-year mandate to complete
  • Jean-Luc Mélenchon, head of the Front de Gauche (Left Front) party, warned that “France is in 1788”, namely on the verge of revolution. “The tax system is rejected by all as everyone knows that it protects the privileged wealthy,” he told Le Parisien.
  • “We are asking for a tax reform respecting a simple principle: everyone pays and the more you earn, the more you pay.”
  • Alex Iancu on 07 Jan 14
     
    Very interesting article dealing with French protests against tax that appears to be protecting the wealthy. A lot can be discussed when analysing this article; the outcome of the blockades can be a subject of discussion (how it delayed transport, for example), also, Elasticities can be dealt with, as PES is clearly higher than PED in this case. 
Octav Ivanescu

Price freeze imposed in calamity zones | Headlines, News, The Philippine Star | philsta... - 1 views

www.philstar.com/...-freeze-imposed-calamity-zones

shared by Octav Ivanescu on 05 Dec 13 - No Cached
  • MANILA, Philippines - The government has imposed a price freeze on basic commodities in areas placed under a state of calamity following the devastation wrought by Typhoon Yolanda.c
  • The price freeze will be in effect for a maximum of 60 days, unless lifted by President Aquino.
  • The price freeze covers rice, corn, bread, and fresh, dried and canned fish, as well as other marine products, fresh pork, beef and poultry, eggs, fresh and processed vegetables, root crops, coffee, sugar, cooking oil, salt, laundry soap, detergents, fire wood, charcoal, candles and medicine classified as essential by the Department of Health.
  • Alan Cheung on 12 Dec 13
     
    This is an interesting article. It would be fun to see how you take this and apply it to what we have covered thus far.
Dursun N1

BBC News - Australia growth rate falls short of forecasts - 1 views

www.bbc.co.uk/...business-25210896

shared by Dursun N1 on 04 Dec 13 - No Cached
  • Australia growth rate falls short of forecasts
  • gross domestic product (GDP) expanded 0.6% compared to the previous quarter and 2.3% year-on-year.
  • Australia's economy has also been hurt by a global slowdown which has seen its mining boom wane recently.
  • ...3 more annotations...
  • "Mining investment is coming off, maybe not as quickly as people have been worrying about, but it's that growth transition, the pick-up in the non-mining side, where the evidence is still mixed,"
  • The numbers come just a day after Australia's central bank left its key interest rate unchanged at a record low 2.75%
  • Some analysts suggested that if growth continued to remain weak, the bank may be prompted to cut rates further to try to boost the economy.
  • Victorita Paun on 12 Dec 13
     
    Good article for International Economics but not Micro-economics.
Martina Minkova

BBC News - PC shipments to see 'most severe yearly fall on record' - 1 views

www.bbc.co.uk/...business-25196031

shared by Martina Minkova on 03 Dec 13 - No Cached
  • ents of personal computers (PCs) are expected to see their "most severe yearly contraction on record" in 2013, according to research firm International Data Corporation (IDC).
  • Global shipm
  • Global shipments of PCs have been hurt by the growing popularity of tablets and smartphones.
  • ...2 more annotations...
  • One key growth area for PC sales has been emerging markets, but IDC said interest had been falling there and that shipments would likely decline into 2014.
  • Earlier this year, research firm Gartner said that a greater availability of inexpensive Android tablets was attracting first-time consumers in emerging markets and hurting PC sales.
  • Alan Cheung on 12 Dec 13
     
    Relevant, but not really micro. Since it's considering global sales, then it will be difficult for you to write in the micro sense.
anonymous

BBC News - E-tolls lead to South Africa traffic jams - 1 views

www.bbc.co.uk/...world-africa-25193478

shared by anonymous on 03 Dec 13 - No Cached
  • The "e-toll" system affects the ring road around Johannesburg and the motorway to the capital, Pretoria.
  • The government says the toll is need to pay for improved roads
  • fuel tax, VAT and existing tolls
  • ...5 more annotations...
  • monthly fee of 550 rand ($54; £33) to use the roads, while those who do not register pay up to three times as much if they do not pay within seven days.
  • e-toll gantries and a conventional, manned toll-gate.
  • Their car number plates are scanned by gantries over the toll roads and bills sent to their homes if they have not paid in advance.
  • Critics have described the system as "highway robbery".
  • The government says the e-toll is the only way it could have afforded to improve the congested roads around the commercial capital, Johannesburg.
  • Alan Cheung on 12 Dec 13
     
    This should be an interesting article for you to analyse and evaluate.
sari lakis

BBC News - Developing countries told 'tax tobacco to save lives' - 1 views

www.bbc.co.uk/...health-25192196

shared by sari lakis on 03 Dec 13 - No Cached
  • Poorer countries should consider adopting or raising tobacco taxes to help save lives, a group of leading economists says.
  • They suggest alcohol and sugar could also be taxed.
  • They give China as an example where a 50% tax on tobacco could prevent 20m deaths and generate $20bn over the next 50 years.
  • Alan Cheung on 12 Dec 13
     
    Interesting article here. I think there should be a few more areas highlighted, but that would be for you to make connections.
Dorottya Szocs

Sriracha factory ordered to put a lid on smell after locals pepper city with complaints... - 2 views

money.cnn.com/...index.html

shared by Dorottya Szocs on 03 Dec 13 - No Cached
  • A judge in Los Angeles County has ordered Sriracha maker Huy Fong Foods to suspend operations at a plant in the city of Irwindale that local residents claim has caused an overpowering odor.
  • Irwindale claimed in a lawsuit that the stench was causing watery eyes, sore throats and headaches, prompting complaints from dozens of residents.
  • he judge's ruling orders Huy Fong to "immediately make changes in its site operations reducing odors and the potential for odors." The city has been pushing Huy Fong to install a new filtration system to address the issue.
  • ...3 more annotations...
  • "We want to find a balance between letting this business be a business and protecting our residents," Davidson said.
  • For most of its lifespan, Huy Fong has produced the Thai chili sauce without incident in Rosemead, Calif., but it shifted some production to Irwindale earlier this year.
  • The company produced 20 million bottles of Sriracha in 2012, or $60 million worth, all without the benefit of advertising. Consumer devotion to the brand has inspired cookbooks, embroidery, jewelry and a limited-edition flavor of Lay's potato chips
  • Alan Cheung on 12 Dec 13
     
    Very interesting article. It would be fun to see where you take this article. There should be plenty to analyse and evaluate.
Vicky Kalfayan

BBC News - South West agricultural labour shortage fears - 1 views

www.bbc.co.uk/...uk-england-25181268

shared by Vicky Kalfayan on 04 Dec 13 - No Cached
  • Members of the horticultural industry in the South West fear labour shortages when Romania and Bulgaria become full members of the EU next year.
  • The Home Office said it wanted to encourage more recruitment from the UK.
  • For the past 10 years, Romanians and Bulgarians have been employed on farms as pickers under the Seasonal Agricultural Workers Scheme (Saws), which allowed them to work for six months.
  • ...7 more annotations...
  • But when both countries become full members of the EU, they will be allowed to work in any British sector.
  • James Hosking, from Fentongollan flower farm in Cornwall, said before Saws was introduced the biggest problem for local growers was recruiting a sufficient number of pickers.
  • "In two or three year's time, we'll be back to where we were 10 years ago when we were all screaming that we couldn't get enough labour."
  • Romanians and Bulgarians account for about a third of the UK's seasonal farm workers.
  • The National Farmers' Union (NFU) said scrapping Saws would cause long term damage to the sector.
  • I can't get enough. The sad reality is that the majority don't want to get their hands dirty," he said.
  • "Nationality, colour, creed and gender really doesn't matter to me - I need pairs of hands and enthusiasm," he added.
  • Alan Cheung on 13 Dec 13
     
    Interesting article, but more relevant to macroeconomics.
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.
dgeorgiev15

BBC News - UK unemployment falls by 63,000 to 2.33 million - 1 views

www.bbc.com/...business-26644758

shared by dgeorgiev15 on 15 Apr 14 - No Cached
  • number of people out of work in the UK fell by 63,000 to 2.33 million
  • unemployment rate now stands at 7.2%
  • 211,000 more people were recorded as self-employed
  • ...10 more annotations...
  • the growing economy is helping record numbers of people to find a job
  • The rise in employment is being fuelled by businesses and entrepreneurs across the country who are feeling increasingly confident with the improving economy
  • long-term economic plan is working
  • while youth unemployment had gone down, the rate was "still nearly three times the rate of unemployment as a whole
  • rise in employment was down to the increase in the number of self-employed
  • pensions secretary Rachel Reeves disagreed, saying "long-term youth unemployment has doubled
  • Earnings "remain below inflation"
  • North East of England has the highest unemployment rate in the UK, at 9.5%
  • South East, where the rate is lowest, only 5.2%
  • MPC members voted earlier this month to keep interest rates at 0.5%
Diogo Reino da Costa

Portugal's unemployment rate hits 18% | World news | The Guardian - 0 views

www.theguardian.com/...l-unemployment-government-cuts

shared by Diogo Reino da Costa on 15 Apr 14 - No Cached
  • Portugal
  • unemployment
  • rate hit a startling 18% of the working population.
  • ...33 more annotations...
  • revealed that youth unemployment had soared even higher, with 43% of the under 25s who are not studying now unable to find work.
  • The first quarter
  • "It is a dramatic and brutal increase," said Helena Pinto,
  • a leap in emigration by people desperate to find work.
  • Portugal's economy is expected to shed yet more jobs and shrink by a further 2.3% this year,
  • bidding of the troika of lenders who keep it afloat - the International Monetary Fund, the European Central Bank and the European Commission.
  • government forces ever-deeper austerity
  • Portugal has now been in recession for almost three years
  • Passos Coelho's announcement
  • he would cut another €4.8bn spending over the next three years is expected to harm short-term growth further.
  • sack one in twenty public employees,
  • increase civil service working week from 35 to 40 hours
  • raise the retirement age by a year to 66
  • austerity has so far failed
  • taming the country's budget deficit
  • 5.7% interest
  • country's constitutional court threw out €5.8bn in cuts to
  • civil service pay and sickness benefits.
  • the government selling ten year bonds
  • raising €3bn
  • could have sold three times as much debt this week
  • potential recovery in a country which needed €78bn of bailout money to escape bankruptcy
  • fail to spark growth
  • raising hopes that Portugal could wean itself off aid next year.
  • The government forecasts a third straight year of recession
  • unemployment rising to 18.5%
  • austerity
  • other southern European countries
  • increased last year from 4.4% of GDP to 6.4%.
  • signs of softening
  • the troika
  • extended the repayment period for Portugal's bailout loans
  • seven years
Giovanni Perini

BBC News - Wildlife groups criticise green farm subsidy move - 0 views

www.bbc.co.uk/...science-environment-25459562

bbc news wildlife groups farm subsidy

shared by Giovanni Perini on 04 Jan 14 - No Cached
  • Wildlife groups criticise green farm subsidy move
  • spending a bigger share on the environment despite a smaller overall budget for subsidies.
  • transferring 15% of grants away from direct payments for farmers and into protecting wildlife and helping the rural economy.
  • ...1 more annotation...
  • "Farmers already pocket huge amounts of cash without having to farm in ways that reduce their effect on wildlife
  • Giovanni Perini on 04 Jan 14
     
    I think this is a good article for negative externalities of production (the impact of farming on wildlife) and the actions the government should take, as well as subsidies.
  • Alan Cheung on 06 Jan 14
     
    Interesting article too, but I think you may have more to write about with your wool article.
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.
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