Group items tagged

The following article talks about Obama's Budget for the US this year. It proposes low-income tax breaks, to further decrease the income inequality in the US and give more benefits to the low income earners in the US.

This is my article for this week's topic - China overtakes US as the biggest importer of oil. The article above relates to Aggregate Demand My write-up can be viewed here: https://pamojaeducation-com.campuspack.eu/Groups/13.Y2.ST.ODP.MAY.ECON.SL.A/Nattanopthorns_Economics_Blog/2014/02/20-3_-_Aggregate_Demand_Newsstand - Bee

this article is about energy companies saving millions by avoiding tax bill by using legal loopholes. this article explains the impact on the economy of countries when this kind of unethical methods are used to avoid tax.

This article talks about how the US economy has grown by 3.6 percent in the third quarter of 2013, and how stockpiles account for a vast majority of this grow.

This article talks about how economic growth on its own is not sufficient enough to battle extreme poverty. The world bank stresses that we need to reduce poverty, at a rate of 50 million a year until 2030. As we know fiscal policies can be used to stimulate growth but this is not the only use. We can also use them to redistribute income, which is necessary in this case. Further more monetary policy is not good enough in tackling these issues directly. Dedicated government spending and tax cuts on the poor are far better fiscal policies to deal with the issue.

The following article summarizes Obama's speech, where he talks about how the economy is gradually recovering from the financial crisis. The President states how the housing, manufacturing and automotive markets are rebounding, and thus leading the US out of the financial crisis. Obama then explains how there still is a long road ahead for the financial crisis to be overcome, in order for nobody to be left behind without a job.

this article relates to our week 9, study because it tells us the the consumers demand for energy is inelastic and how the government decisions affects the price of company products.

As many of us know Marijuana is on its way of being decriminalized and legalized in the U.S., some states like Washington and Colorado have already legalized Marijuana completely. Now people in Colorado have voted for a 15% excise tax on wholesale and a 10% sales tax on retail Marijuana to help regulate the trade.

This talks about how Indian Oil Corp used to be a monopoly of fuel in India. So going from in-elastic to elastic due to launching of new companies that produce fuel.

This is my article for this week's topic - Tragedy of the Commons/Public Access The article above relates to green economy and the government's actions pertain to sustaining the value of forests.  My write-up can be viewed here: https://pamojaeducation-com.campuspack.eu/Groups/13.Y2.ST.ODP.MAY.ECON.SL.A/Nattanopthorns_Economics_Blog/2014/01/15-2_-_Tragedy_of_the - Bee

this article relates to week 18 economics and politics. the governments influence to oppress communication has resulted Ethiopia for only 2.5% of the population of 90 million able to use the internet.

This article shows the impact of unemployment data on the currency and mentions how monetary policy should be used to control aggregate demand.

This doesn't talk about aggregate supply but does begin to look at the effects of increasing the minimum wage so I think it could be useful to blog about because it leaves more analysis to be done.

The following article talks about how Obama is trying to help the poor of the United States by "expanding low income tax breaks" and offering them other benefits as well. This would hopefully not only benefit the poor, but also increase AD in the economy as now more people have more money to spend.

Carbon markets have lost us more than 15 years in the battle against climate change yet we continue to plough forward with scaling them up. Why? Some hope that this global expansion of carbon markets will revive their fortunes, helping to raise billions for investments in low-carbon and climate change mitigation technologies. this article shows in a scense how market failure has negative impacts on the environment.

Supply, technology, unemployment

For years, Americans have heard warnings about high health spending: The U.S. spends a greater percentage of its economy on health care than any other nation, and the trend lines make clear that in future years we'll be spending more still. More recently, we've seen media attention focus on the prices that Americans pay for medical services.

"The slowdown in the eurozone and US has hurt Asia's manufacturing and export sectors"

this article is about price control mechanism , price ceiling used on high price of plane tickets "creating competition is more effective at protecting customers from high prices than imposing ceiling prices for flight tickets on domestic lines."