Group items tagged

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 is my article for this week's topic - excise tax The article above relates to the raise in commodity prices in Egypt. My write-up can be viewed here: http://bit.ly/17HFScQ - Bee

Sinopec profit raises directly link to the relaxation of fuel price controls. Sinopec is a government control company, which controls a great deal of the lucrative oil market. When the government eased the fuel price control, it meant that the price could be increased by the oligopoly. This allowed greater margin of profits, which will benefit Sinopec and the government in terms of taxes. The problem is that when price of fuel which is an essential inelastic commodity increases, the inflation will increase for the average consumer. The consumer will have to pay more his daily consumption, which will affect the prices of the goods and services that he is selling.

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.

The following article talks about the riots that have been occurring in Venezuela throughout the past few months. It discusses how protesters are angry at the government for rising unemployment and the scarcity of basic items and other commodities. It talks about how already 25 people have died during the riots, according to the government.

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.

The Thai government wants to increase the alcohol average tax by a significant percentage. The tax ceiling for the beer and wine will increase to 2000 baht per liter, which is very significant. This is aimed at increasing the government revenue, as the demand for alcohol is inelastic and increasing in consumption. Thailand has a significant percentage of foreign tourist and foreigners living in the country who enjoy alcoholic beverages. Locals are increasing in their income inelastic and consuming more alcohol. This will hopefully reduce the demand, as alcohol is extremely addictive and have negative externalities such as dream driving causing many innocent deaths.

Car prices in Venezuela are expensive so the government put a price ceiling it.

Smoking is a negative externality. Children who have exposure especially to relatives who smoke will have a greater chance of childhood asthma. The smoking ban is very healthful, as it has caused a decrease in the rate of children emitted to the hospital with severe asthma. The ban on smoking in the enclosed public places has helped the children to have less health problems. The government benefits because it reduces government expenditure in the NHS, which is a public good. The statistics reflect the decrease in admission of about 6800 is a positive benefit to the public especially the young children.

A negative externality hits the society as smokers affect children giving them asthma, according to this article. This effect does not affect the cigarette companies, however, but smoking restrictions came into force in attempts of decreasing the damage it does to society.

The following article is about how the increase in gas prices has spurred violent protests around Sudan. The activists are mainly high school and college students, with one activist been killed by police. The increase in price has made gasoline not affordable for most, as prices doubled,because the government cut its subsidies for gas companies. Therefore gas in Sudan has an elastic demand, causing the increase in price to make gasoline not only not affordable, but also increasing the price of other goods,which are dependent on gasoline driven vehicles.

BRUSSELS-The European Union could drop controversial investor-protection rules from its free-trade talks with the U.S., it is unlikely they do the same for its trade deal with Canada, its designated trade commissioner said. The deal is an important agreement between the states and the EU because it allows for faster and simpler trading between the countries. However, the debate has been intense around a specific clause which provides investors with additional protection which, if exploited, could allow them to potentially sue governments. The question is how free should the trade agreement be and what is the right level of government control.

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

Five economic issues that have the RBI Governor Raghuram Rajan worried - Economic Times

Is the UPA government contemplating a return to price controls?

This article is about the recent market failure indication in my country, citizens waiting for hours in the sun just to buy basic commodities like oil and sugar. this is due to business trying to over profit from these markets. the government tried to put price ceilings on these products however it lead to artificial shortages of the products in the market.

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.

Poverty rates, inflation, unemployment, food scarcity, and social unrest are on the rise and the government is not only failing to combat it but in some cases is contributing to it, the Egyptian Centre for Economic and Social Rights argues in a report.

"The UK economy grew by 1.9% in 2013, its strongest rate since 2007, according to the Office for National Statistics (ONS)"

This article talks about how the UK's economy is growing as a result of the long-policies the government made in order to rebalance the economy.

Germany has dropped its opposition to an EU trade deal with Canada despite continuing concerns over the inclusion of controversial investor protection rules. This is an example of an international trade agreement and how is can be difficult for governments to balance domestic politics with international politics.