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.
Whether you own a sprawling estate or a shoebox with a tiny garden, any oil or natural gas to be found underground belongs to the Queen. How did this happen?
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.
The Australia government is proposing a change in their confusing government subsidies for childcare to have one single payment which subsidizes up to 90% for low income families. This is a tool to reduce income inequality and to encourage young children from lower income groups to be able to have a strong foundation in their education. The problem of this subsidy is the question of the unhappiness of the taxes payers who may resist this proposal because of the higher government expenditure incurred on families which may have many social problems and are unable to have a stable employment.
This article discusses the global crude oil supply prices which have been increasing because of the various countries having political unrest causing disruptions. The strong demand for the oil has increases the prices as the supply decreases.
The various countries that have a significant decease in supply include Libya, Nigeria, and Iraq. The estimated barrels daily of crude oil disruptions reflect that Syria has been having a decrease in supply since 2011.
The other factors that affect the prices include the seasonal demand pattern, which shows a decrease in demand in September and decrease further in October. The increases by non-OPEC countries mean that there is an increase of production such as in the US, which will offset the decrease in supply in Syria. Saudi Arabia always has a sustained output because it will provide higher income.
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.