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Alfred NH

Federal Reserve considers explicit pledge: Low rates if inflation stays down - The Wash... - 0 views

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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.
Thomas Austen

Economic Reports Ease Concerns in China - NYTimes.com - 0 views

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    In August, China experienced their highest trade surplus of the year. With an increased interest in global nations, it is a teller of China's currently well-controlled inflation rate. If the rate of goods remains consistent, the greater interest of importers could dig China out of the domestic debt hole they're currently in. With a healthily increasing inflation rate, like anywhere, China is experiencing higher wages, and higher domestic consumer prices. All in all though, the positive direction the net exports are moving in gives us a sense of the ideal, well-managed, increasing inflation rate in China.
hosung suh

Poverty Rate Is Up in New York City, and Income Gap Is Wide, Census Data Show - NYTimes... - 0 views

    • hosung suh
       
      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.
    • hosung suh
       
      the article talks about relative poverty because we are talking about a respectable country with a top-tier GDP per capita city in the world.  the poverty rate rose to 21.2 percent in 2012 from 20.9 percent from the year before. the new york city created more jobs available for those who are struggling for new jobs. the consequences of the poverty rate is going to drag the economy down and it is a serious threat to the viability of the city of New York.
hosung suh

Inflation slows to 1.1 per cent in August, Statistics Canada says | CTV News - 0 views

    • hosung suh
       
      canada's annual inflation rate slowed to 1.1 percent in august. rent price went up 1.7 over one year, natural gas gained 9.5 %. Food price went up 1 %. the living standards went up, therefore living costs increased parallelly.
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    The article mainly focuses on the canadian economy affected by inflation. Canada's annual inflation rate slowed to 1.1 percent in august. rent price went up 1.7 over one year, natural gas gained 9.5 %. Food price went up 1 %. the living standards went up, therefore living costs increased parallelly.
Vladimir Merzlyakov

Deflation urged to be vanquished before tax is raised | The Japan Times - 0 views

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    Professor Wakatabe says that if the tax were increased, it would slow down the process of recovery from the recession. now the deflation rate is going down, driven by the personal consumption, which is good, but if the tax were raised, this would slow down the recovery.
Tiffany Graham

Singapore's monetary policy may stay tight as inflation picks up for fourth month | Reu... - 0 views

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    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.
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    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.   
benedetta paccoia

Japan prices - 0 views

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    This article discusses about the recent (August) increase of inflation in Japan, after a deflation that had been lasting for fifteen years. The labor market is very tight and companies have been starting to raise wages, which would indicate that prices will still rise, leading to Japan reaching its goal of a 2 percent inflation rate. Japan has come through recession in 2012, and prices raising tend to indicate that Bank of Japan's monetary stimulus and reflationary policies have been bringing improvements to the economy.  The fact that inflation has been increasing lately will have absolutely a positive effect on Japan's economy, which has grown by a third between April and June. What Japan needs to focus on now is keeping the inflation rate stable and not letting it be affected by disinflation. Prime Minister Abe has been pressuring employers to raise wages, which it might not be the best move, since it will reduce their competitiveness. In the long-run, if the inflation is kept at a normal and stable percentage it will surely be positive for Japan's economy. 
Ettore Baldissara

Japan inflation rises to highest in nearly five years - FT.com - 0 views

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    the currency of Japan is deacresing. this has a negative effect on the whole japanese economy. the rate of inflation has never been so high in 5 years. cost of fuel and electricity rises.
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    Ettore, please add some more thoughts. I would you like you to have at least 3-4 sentences summarizing the article and then a few more relating it to the cause/effect/impact of inflation.
benedetta paccoia

Eradication of hunger & poverty should be top on agenda: India - Economic Times - 0 views

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    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.
Ettore Baldissara

allAfrica.com: Africa: Studies Find Poverty Still High Despite Economic Growth - 0 views

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    This article is talking about absolute poverty in Africa despite the economic growth in the past 10 years. Even though there is economic growth there is huge inequality between rich and poor. A phew rich people are increasing the growth of the African economy, thus leaving a larger gap between rich and poor. In fact a survey done in this article shows that the poorer people are not even able to buy necessary goods, such as education, health care, food and water. This is a clear article of absolute poverty due to a significant economic growth which caused disparity amongst social classes. The causes of poverty in fact in this article is the economic growth which lead to the disparity of income between social classes. There is an unequal rate of employment, many people are unemployed and do not even earn money. Instead phew others which control the whole economy are very rich and educated. Poor people in Africa are not able to find jobs, they do not posses physical capital and are not able to innovate them selves and find jobs because of a lack of education and health care.
Elisa Trifiro

Draghi: euro zone won't be fixed by weakening strong members | Reuters - 0 views

Marco Pavisic

Britons' net incomes fall to lowest since 2001-02 - 0 views

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    1) Distinguish whether or not the article is talking about absolute or relative poverty. This article is talking about absolute poverty 2) According to the article what are some possible causes of poverty. According to the article some possible causes of poverty are: a. Inflation increased b. Wages increased slower than the rate of inflation causing people to be earning less. 3) According to the article what seem to be some of the consequences of poverty. Some of the consequences of poverty are: Income fell as the earnings and benefit grew more slowly than the cost of living. Therefore there is also a decrease in the living standards.
Francesca Petrini

Italy's Unemployment Soars to Record High on Recession - Bloomberg - 0 views

  • ent from a
  • Italy’s jobless rate
  • persisting recession, the longest since World War II.
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  • he highest since the data series began in the first quarter of 1977,
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  • ent that the nation’s gross domestic product will fall 1.8 percent this yea
  • Antonio Golini,
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