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This article is about China fighting inflation in May 2011. It describes the food prices in China were up 10.3% in January versus a year earlier and the price of gas also rises. The article also outlines the plan of China government to keep down the price of goods--price control. Check it out!

This article talks about the inspection of 1500 businesses in Venezuela that have been charging (too) high prices for their products. The subject of Price controls arises as a method of intervention suggested by Nicolas Manduro, the president of Venezuela.

The article talks about the price freezes that have been proposed for gas and electricity markets as well as for controls on pension fund management companies, of which the latter will receive a 0.75% price cap while the former is still being rejected by the government. The article also lists some examples of price controls that have been implemented in the past.

The NIH are against government price controls and for the third time in a row had to reject the governments aid, as it would be against the law if the government did aid the NIH. The government wanted to fund drugs essential to specific and vital purposes.

I thought that this article was very related to our topic this week and it is an interesting read. It talks about how an enormous price cut in Venezuela brought about many different effects and mixed emotions. Because of the price cut, people were happy to get things at a very cheap price. However, there were some consumers that were unhappy because of the shortage.

This articles explains the worries and benefits that come with putting Cancer and Aids drugs under price control. Generally, the positive effect will be on drug companies, and the consumers. A win, win situation

The United Nations could implement a universal price floor for carbon offsets. This is due to their falling prices, which have dropped by 95%. This was due to the falling demand for them. In order to stop this a price floor would help significantly, especially because the UN wants them to be implemented in developing countries to reduce carbon emissions.

While many assume that a price ceiling on gas would benefit the population, this article takes an opposing view. A price ceiling on gas would cause a shortage, due to the increase in demand of gas at the lower prices, and would cause longer wait times at gas stations. Moreover, it would lead to waste on a larger scale, because the gas is now less valuable.

This is an article of a man who wants to put price control on essential items.

In his latest health push, New York City Mayor Michael Bloomberg proposed a bill that would require retailers to keep tobacco products out of sight. It's companion bill, however, is seeking to ban cheap cigarettes and cigarillos by setting a price floor of $10.50 a pack across the board.

This article talks about how Apple seemingly tried to avoid high taxes by filling returns through a subsidiary because taxes were lower. The government and tax officials will have to take on a better control of those companies under their taxes.

It is the story of a dairy farmer who sold milk for very low prices and other producers complained and tryied to get back their clients

The PlayStation 4, which goes on sale in Latin America on Nov. 29, runs only $399 in the US - but for the average Brazilian, it will cost two months' salary. It's not easy being a gamer in Brazil.