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This article highlights the fact that in response to increasing demand, intel is investing $5bn in a new factory in Arizona which is considered to be "the most advanced high-volume semiconductor-manufacturing facility in the world." The factory will create about 1000 jobs, primarily in the higher-wage, higher-skill positions.

Week 7 News - Starbucks Is Criticized by Chinese State Media for Higher Prices

This article talks about how the inflation in the USA has been non existing for the last couple of years, and how it now might change due to changes in expectations.

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.

"As the country launches itself on a higher growth trajectory but with rising unemployment, a report says that unemployability is a bigger crisis than unemployment."

Supply, technology, unemployment

The Minister of Education, Mr. David Laws, wants to reduce the national expenditure on school uniform. He believes that the inflated price of school uniform up to 52 million pounds per year is excessive. The schools in the UK have to reduce the opportunity cost of demanding overly priced uniform. This practice must be stopped. In implementing this policy, British families would be able to save 52 million pounds in one year, which is a sizeable proportion of many poor families budgets. In many lower income families in this period of recession, families who are depending on food banks will benefit from this opportunity cost of spending on uniform as they have a scarce budget. This will help them to shift their household expenditures to more essential items such as food. The opportunity cost of them budgeting a significant percentage of their limited income to an inelastic demand for uniforms may create problems of great scarcity to families with many school-going children. The guideline by the minister stated that the uniform must be purchase from the cheaper suppliers, which will reduce the opportunity costs. This will mean savings for the parents. The question is how do these new policies going to be effectively worked out because some rich parents with no scarcity problems will insist or prefer their children to wear higher quality and more expensive uniforms, some even tailoring them.

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 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.

This article talks about tax increases for high-income Americans, and how this plus spending cuts and economic growth might help reduce their debt.

LONDON Nov 7 (Reuters) - Britain's goods trade deficit widened by more than expected in September, hit by a jump in oil imports and by weak export growth to the European Union, official data showed on Friday. This article paints a very clear picture about Britain's ever increasing manufacturing crisis. Britain has becomes a consumer nation, with little being produced that could reduce the current account deficit. The figures in the article show a continued increase in deficit which will have to lead to more borrowing to bridge the gap. To me this suggests that more has to be done to increase the balance of trade in goods through manufacturing and high end exports in goods.