EconM2015 September 2013

This Foreign Policy article contemplates that the Arab Spring uprisings were largely due to por and unstable economic situations, especially in Tunisia, where the revolutions started.

The article talks about the economic boom China is experiencing. This affects the whole world when wealthy Chinese are buying for example properties as investments.

This article discusses the differences in economics and politics in general, and touches upon how dependent economies are on the policies of government, and how the government is equally dependent on the behavior of economies.

The article talks about the movement called "Shut Down Wall Street on the Waterfront". This is an attempt to disrupt trade at San Diego, Portland, Los Angeles, Tacoma, Oakland, and Seattle. For example, on Monday the shipping port in Portlands was blocked.

Breaks down the understanding of the Chinese Economy based on three parts: its supply, demand, and credits. It outlines the types of supply, demand, and different types of credit that China's economy depends on. Along with it's reliance on investments. An interesting fact is that last year, output of services made for 46% of the GDP in China.

This article discusses the increase of consumer spending, even though incomes have remained the same. Consumer spending is the largest source of economic activity, and an increase in spending leads to stronger businesses, which leads to more jobs and better wages. This allows the Federal Reserve to scale back on the Economic Stimulus, which offset diminished consumer spending with public spending.

This article tells how the mayor is trying to increase the minimum wage in San Diego. Some people think it could be bad for business and that it would eliminate jobs. The article also talks about taxes and how they should be imposed and where.

This article talks about the real growth and the nominal growth that is expected in Dubai for 2014. While this is not a good IA article as it explains quite a lot of what is going on. However, I though that especially for the start of macroeconomics it is useful to have something that actually does explain the situation.

This articles talks about Obama's annual speech, in his speech, Obama promised a number of things including: raising the minimum wage, creating a new tax-free savings bond to encourage Americans to save, to work for the closure of the Guantánamo Bay prison, just to name a few. The increased minimum wage will help a lot of people in America and will help increase the standard of living for them.

This article covers the story of how a political party in India promises to eradicate tolls on a road if they get elected into power in the upcoming elections. Currently, it would take over 20 years for the cumulative toll to cover the cost of paying the company which built the roads. If the party does indeed come into power, then they would have to find a space in the budget for five times the current allocated money for road works. The political party saw an opportunity to get publicity by making this promise, since all commuters hate paying tolls.

This article talks about how Obama is focusing on an issue of unemployment inequality. It also states that he is going to pass a bill to raise the minimum wage and execute authority in education and economic development. Obama also highlighted a strategy of "sector partnerships" to bring firms together. This is related to this week's topic because all these situations can affect the whole economy of the nation. Politics are involved because the government passes bills or deals with the situation in some way.

This article talks about how owners of rare artworks are exempt from paying inheritance taxes as long as they allow viewing access to the public. This is somewhat an inverse of the tragedy of the commons where instead of restricting the usage of the "commons", the government encourages allowing more access to the commons. The main reason for this would be because artworks have cultural significance.

Interesting how artworks have been worth so much money and are a private good by ownership, but still are available to the public.Take any museum, its artworks are all privately owned, but have been determined to be part of our culture that cannot remained unseen. It must be public for reasons of conservation.

INTRODUCTION Constitutional historians and lay-persons alike would be alarmed if the United States Government seized five pages of the New York Times in an attempt to increase public access to the media. This adverse reaction would stem from the ...

This article by the American Heart Association talks about how important and vital defibrillators are in saving someone's life and how the public good should be more accessible.

This article looks at whether education is a public or private good arguing that through education people are able to benefit society and that it should therefore be a public good, so in some senses, it isn't.

This article talk about some commons goods in the world and some solution for "Tragedy of the commons"

Trying to protect Brazils forests is a difficulty. Logging cannot be stopped due to common access to the amazon. Farmers make use of the forests until they maximize their utility, causing negative externalities. River banks are ednagered by erosion and wildlife loses its inhabitat. The new Laws by the government are not good enough to prevent logging and support sustainability.

This article describes three major "tragedies" inflicted on the Great Plains of the midwestern United States. The near-extinction of the bison population, the destruction of the grasslands, and the current issue, the massive drilling and oil fracking. It details the repercussions of these tragedies, including a major reduction in its biodiversity.

The article is a special example of a common good, as it gives us an example of a private property that is now going to be opened to the public. Lisa and Leon Gorman, the prior owners of Lane, an island near the mouth of the royal river in Yarmouth, have donated their private property to the Main Coast Heritage Trust. The Island formerly being a private hunting territory shall now become accessible to the public. It has been recognized as an "ecologically significant site" and shall now become part of Royal River which is being restored and protected. A long-term management plan is being developed, which includes the economic vitality as well as the significance of ecological protection of the Island and its surroundings. Although in a slightly different scenario, this article could give us an example of Elenor Ostroms theory of effectively sustaining resources through a self-motivated community.

This article from the guardian retells the UN's findings of how the oil industry (which operates on common access resources) is harming the Amazon (another common access resource)