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The federal reserve has issued a statement where they intend not to raise the interest rates as long as the rate of inflation keeps itself low. It had originally lowered the interest rates in response to the 2008 financial crisis. The issue with this is that persistently low rates leads to a fear of a low value. The effect of this is a decreased aggregate demand as there is a lesser incentive for consumption.

1) Distinguish whether or not the article is talking about absolute or relative poverty. 2) According to the article what are some possible causes of poverty. 3) According to the article what seem to be some of the consequences of poverty. 1) In this article, the Untied States are described as having a large amount of relative poverty. 2) The cause of the poverty is stated to be the lack of attention to issues by the Government and media involving poverty. The effects of this may be a poorly adjusted minimum wage to inflation, the lack of support for those in relative poverty and the removal of unemployment benefits. 3) It is implicated in the article that there is a poor level of attention to this issue, and that the level of equality is low. The reason to this may be the higher efficiency in an economy at a low equality.

1) Distinguish whether or not the article is talking about absolute or relative poverty. The article is talking about absolute poverty. 2) According to the article what are some possible causes of poverty. - a lot of people are at low-wage jobs - More households are headed by single parents, which makes it  difficult to earn a living income from the jobs that are typically available. - disappearance of cash assistance for low-income mothers and children - race and gender mean higher poverty among minorities and families headed by single mothers. 3) According to the article what seem to be some of the consequences of poverty. - 6 million people have no income other than food stamps (provide an income at a third of the poverty line) - distrustful of encrusted power in all institutions - tending towards libertarianism, ripe for a new politics of honesty

1.The article, which reports an increase in poverty levels in Italy, discusses about both relative and absolute poverty. Relative poverty places the concept of poverty in a social context, people are defined poor when compared to those around them but still have money to survive, relative poverty is based on the cultural environment of the person. Absolute poverty, on the other hand, is when people don't have enough money to meet a basic threshold that is need by everyone to survive, and so cannot afford food, clothing, a house, heating etc. which is what is needed for survival.  2.The biggest causes of poverty in Italy are: unemployment and health/disability. According to the article Italy has been facing its greatest post-war recession, war can also be a huge cause of poverty in countries. Also, the article talks about how in the southern part of Italy people are poorer, when compared to the north, that is also because in Italy southern regions are less economically developed compared to north regions.  3.The article discusses about some consequences of poverty in Italy, by saying that poverty has risen unemployment and has declined purchasing power which have been caused by an increase in taxes which aimed at strengthening the public's finances. The article then discusses about more of personal consequences for Italians which have been considered poor, with poverty levels rising those Italians can no longer afford heating for their homes, holidays away from Italy and purchasing/eating meat. 

1. The article talks about both relative and absolute poverty. Depending on the conditions of the households, the level of poverty changes (mix of them in Italy).   2. Some of the possible causes of poverty are because there is high unemployment and higher lack of skills in the southern regions of Italy which are less developed and account for high amounts of poverty in the country. Another cause is that some families have many children, meaning there is less disposable income (they cannot work) and there are higher costs to pay for them. This is also true when the heads of the families are unemployed (unemployment benefits are not enough to support a family) or factory workers (below minimum wage, low wages, lots of hours, low skilled jobs, structural unemployment, firing because of recession). Another issue is when there are two or more elderly people (do not work, or retirement funds are lower with recession, retirement age has increased therefore with aging less productive and lower wages, less disposable income because they have to be sustained). The recession is the main cause of the unemployment and lack of disposable income, therefore purchasing power and consumption have decreased, especially because of a high increase in taxes.   3. The consequences are that people are going below the poverty line and cannot afford necessities (the amount of people in absolute poverty continues to increase, as well as the one in relative poverty). This means that people cannot afford certain key necessities; some mentioned in the article were heating, holidays and meat. 

This article stresses the continue increase of the prices of goods and services in Singapore, causing the inflation in the country to keep growing further. Moreover, this article talks about that the consumer price index (CPI) has risen in August of this year 2% more in comparison with the last year, they also had calculated the CPI in July of this year, which was 1.9% meaning that the inflation kept increasing constantly. This article also strains that one of the main causes for the increase in inflation in Singapore is because of the government measures to slow the inflow of the cheap foreign workers into the city-state. If the inflation in Singapore continues to increase, in the long run this will cause the country's currency to have a value of almost nothing. The consequence of this will be that the people living in this country won't have enough money to live a normal life. Therefore, they will have to have an aid from the government.

Singapore has been dealing with high inflation, which has risen significantly. This is especially in relation to core inflation, that excludes house and car costs, which is higher than had been predicted. Their CPI has increased as well. The Monetary Authority of Singapore has tightened the monetary policy in response to decrease the rate of inflation.  The inflation has partially been caused by restrictive government policies, which attempted to reduce the amount of low-wage foreign workers. These actions were taken due to locals' requests as there is a limited amount of jobs in this small state. The effect was that firms had to increase prices because of increased wages (cost of production) once the cheaper workers were no longer available. Consequently inflation increased more quickly, as did the CPI. To solve the issue, governments are encouraging firms to hire Singaporean employees.   

1) Distinguish whether or not the article is talking about absolute or relative poverty. Absolute Poverty (people cannot afford basic necessities in India)  2) According to the article what are some possible causes of poverty. The lack of good education and work training do not allow workers to be very productive. In addition, the lack of capital such as modern energy resources contribute to poverty just as the extremely low income rates do.  3) According to the article what seem to be some of the consequences of poverty. Poverty appears to affect global sustainment, it does not offer future employment perspectives to the youth and impedes economic growth, given that the poor do not contribute to increase in national output due to lack of education and working skills.

1) Distinguish whether or not the article is talking about absolute or relative poverty. This article addresses absolute poverty. 2) According to the article what are some possible causes of poverty. According to the article the cause of poverty seems to be rising inequality, indicating that the benefits of recent economic gains were not distributed evenly. Additionally lack of decent and productive jobs kept most people in the region poor. Also economic growth is not generating sufficient, decent and productive employment. This is due to the nature of growth and the pattern of structural change in many countries in which workers move from agriculture into low-productivity services. 2) According to the article what are some possible causes of poverty. The major consequence or reality is that 1..64 billion people still live on less than two dollars a day. Apart from a huge part of the population starving everyday there are also problems concerning health and sanitary issues.