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Home/ AISB IB Economics 2015/ Contents contributed and discussions participated by Vicky Kalfayan

Contents contributed and discussions participated by Vicky Kalfayan

Vicky Kalfayan

Saudi Arabia may close shops early to boost employment - paper | Reuters - 1 views

  • Saudi Arabia is expected to make shops close at 9 p.m
  • encouraging employment by making sales jobs more attractive.
  • government is trying to encourage young people to take such positions to address long-term unemployment.
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  • push young Saudis to take jobs in the private sector by closing a gap in pay, benefits and working hours with government posts, which has been the main source of national employment for decades.
  • The official unemployment rate for Saudis is around 12 per cent. However, economists estimate that only 30-40 percent of working age Saudis participate in the workforce, either by holding jobs or seeking employment.
  • years of successive fiscal surpluses and foreign currency reserves
  • economists often warn that high government spending, particularly on salaries, is unsustainable.
Vicky Kalfayan

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

  • 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.
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  • The city’s economy grew 7.7 percent last year
Vicky Kalfayan

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

  • 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.
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  • 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.
Vicky Kalfayan

BBC News - Cycling gets £94m push in England - 1 views

  • A number of English cities and national parks are to share a £94m cash injection to promote cycling.
  • The money is to improve existing and fund new cycle routes. The government says it also wants to cut red tape to facilitate cyclist-friendly planning.
  • "a cycling revolution".
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  • This government wants to make it easier and safer for people who already cycle as well as encouraging far more people to take it up and business, local government, developers, road users and the transport sector all have a role to play in helping to achieve this."
  • The government has also announced a feasibility study to look at creating a new national cycleway
  • Ministers hope to emulate nationwide the popularity of cycling in London - where the number of cyclists has doubled over the past 10 years, according to one estimate.
  • "Far more people prefer to drive, walk or catch the bus - in fact government statistics show that in 2012, just 2% of journeys in Britain were by bike."
  • "This is fantastic news for those living in the succe
  • this level of investment must be maintained and extended to all parts of the UK, including rural areas."
  • urge MPs of all parties to speak up for cycling in Parliament in September, calling for the funding needed to transform Britain's streets into a continental-style Cycletopia,"
  • "We now
  • he said.
  • "No amount of cynical spin from David Cameron will make up for the fact that, immediately on taking office, he axed Cycle England, the Cycle Demonstration Towns scheme and the annual £60m budget to support cycling that he inherited.
  • "Since then he has axed targets to reduce death
  • s and serious injuries on our roads, reduced traffic enforcement,
  • cut the THINK!
  • "Tragically the number of cyclist deaths are now at a five-year high, reversing the progress that was starting to be made,
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