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Home/ Groups/ Economics HL - Jacob Solomon's group - Year 1
Katrina D

How U.S. TV Wound Up With Fewer Episodes - 0 views

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    This article talks about the effect production costs have had on the number of episodes in a season. In an attempt to be productively efficient as production costs per episodes rise, show producers have simply had to cut down the output of episodes. This makes sense because if we shift the AC curve left, the cost will decrease, but so will the output when AC=MC (productive efficiency).
Katie Edwards

Norway's Key Rate Seen On Hold - WSJ.com - 0 views

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    This article highlights the positive economic growth seen lately in Norway, and how those positive changes caused the central bank to hold their decision to increase action and monetary policy. The adjustments will not be necessary if in fact the domestic economy continues to improve.
Adam C

U.S. durable goods orders hit 3-year low - Business - CBC News - 0 views

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    A big drop in business spending on machinery and equipment helped pushed orders for long-lasting manufacturing goods down in January by the largest amount in three years. The Commerce Department says orders for durable goods - products that are expected to last at least three years - fell 4 per cent last month. This directly relates to macroeconomic activity as it discusses the macroeconomic system in the US.
Katie Edwards

Tax policy: That fair again unsay | The Economist - 0 views

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    This article discusses the American economy, and tax policy fairness, just like our weekly discussion did! It's fascinating to read about "societal notions of fairness" in the context of the tax policy to raise revenue. (read this it's super relevant.)
Katie Edwards

Income Disparity, Poverty in Nigeria Depict Defective Macroeconomic Structure, Articles... - 0 views

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    This article depicts the failure of the macroeconmic system in Nigeria, and how the country's poverty is exemplified through GDP. The low development of the country is due to a cumulation of low income rates, and a non-industrialized economy. Macroeconomic tactics are failing, and this results in high poverty of the country.
Mirren M

Malaysia sees need for easier monetary policy - 0 views

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    Due to the United States and European debt crises, Malaysia is adviced to keep monetary policies loose. As of last August, "Malaysian annual inflation touched a 27-month high at 3.5% in June, reinforcing expectations of a 25-basis point rate rise in September."
Monique T

Ontario says it won't block teacher strike | The Globe and Mail - 0 views

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    One topic we have discussed a lot in supply-side policy is the funding of education, and how increased funding can lead to more efficiency in the economy. However, after the Ontario budget, the government decided to freeze teacher wages to try to reduce funding in this education sector; which has created many problems in our province as teacher unions are now taking action, with the threat of a strike still being possible. Supply-side policy gone wrong.
Katie Edwards

Cox and Alm: The right incentives for economic growth | www.statesman.com - 0 views

  • toward supply-side policies that encourage education, hard work and smart investments.
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    This article expresses the opinion that in order to experience the best economic growth, America must move towards more supply-side policies, and encourage education, hard work, and investments. There are arguments to support both sides of the debate on govt. spending vs. supply-side policy, but the end goal of achieving a better economy are the same.
Katie Edwards

Will Verizon and Redbox Challenge Netflix Monopoly? - 0 views

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    Netflix has been the leading DVD/Streaming Movie and TV source for a while now. People are overall pleased with the selection and the price, but largely because there are few alternatives. If there has been any competition to Netflix, it's the small deals often enclosed with OnDemand for specific providers. We will find out if it's possible for "Redbox" to overpass Netflix, because as of right now, it's just another small competitor.
Dan Call

UK Macro Economic Activity 2012 - 0 views

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    This article shows the precise level of different economic activities within the UK at this moment in time, including Inflation, Interest rates and Consumer spending to name just a few sub headings.
Lola Z

Mitt Romney's Secret Fundraiser Remarks Put The Lie To Supply-Side Economics - 1 views

    • Lola Z
       
      Sometimes economic policies have become slogans for political campaign. It may not do good to the real society but just a strategy helping one to be a president. 
  • lowering taxes for "job creators" benefits the poor and middle class by spurring job creation.
    • Lola Z
       
      This is a supply side policy. To lower the taxes for the producers will lower their costs. As a result, they will cut less personnels or even create more jobs to increase production.
  • ...1 more annotation...
  • So he'll be out there talking about tax cuts for the rich.
Lola Z

Merger brings new monopolies for mining firms |Economy|chinadaily.com.cn - 0 views

  • fourth-largest metals
    • Lola Z
       
      The market share of these two companies in the trade will be larger. As a result, monopoly will emerge.
  • Business / Economy
  • The deal's success will weaken the power of Chinese buyers in the down-stream part of the mining industry
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  • work harder to develop themselves to gain more power in the international market
  • world's largest publicly traded commodities supplier.
Monique T

Canadian Wheat Board 2.0 to roll out in weeks | Reuters Business - 0 views

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    This article describes the transition of the Canadian Wheat Board after the Canadian government ended its monopoly. This means the wheat farmers in Western Canada are now going to have to be more competitive as they don't have a monopoly over the industry, and so the industry is ideally transitioning from a concentrated market structure to a competitive market structure.
Desmond M

Egalitarian distribution of income is destructive - 0 views

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    This article discusses a new study that shows rising levels of equality do not necessarily result in lower crime, or health. On the contrary, it shows that higher inequality is associated with higher growth. However, the author argues that extreme levels of poverty should be combatted, and that economic policy should be used to promote "human exceptionalism."
Hannah S

Making and taking - 0 views

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    MITT ROMNEY'S dense comments about the dependency of Americans who pay no income taxes were dense not only because they seemed to write off a significant portion of... This article talks of how the amount of people who pay no tax is very high and tax cuts are currently being discussed to try to decrease the burden on the middle class. The upper class currently has quite a high tax rate. This is trying to distribute the income more fairly.
Katie Edwards

Should Mortgage Rates Even Be Lower? - WSJ.com - 0 views

  • Bankers push back against any notion of oligopoly. "The mortgage business is extraordinarily competitive," said Franklin Codel, head of mortgage production at Wells Fargo Home Mortgage. There are other factors at work. For one thing, fees charged to lenders by government-controlled mortgage-finance companies Fannie Mae and Freddie Mac are set to rise this year. The increases paid for the payroll-tax break passed by Congress in December. Analysts stress it is difficult to disentangle how much of the spread is due to pricing power from banks with more control of the market, and how much might represent structurally higher costs of doing business in the U.S. mortgage market reshaped by the crisis.
Monique T

Happy Birthday Occupy! (Income Inequality's Still Getting Worse) | The Atlantic - 0 views

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    A year ago, the Occupy movement became one of the big news topics of the year - the popular slogan of this movement being "We are the 99%." This was reference to distribution of income, because protestors were angered at the unequal distribution of income leading to the "Top 1%" having such control over the economy. This article takes a look at how income inequality has continued to change since the movement has started.
Katie Edwards

United Nations News Centre - Economies will perform better with more even income distri... - 0 views

  • Trends over the last 30 years show income inequality increasing both within countries and between them
  • not only for reasons of fairness and social welfare, but because it would improve economic performance,
  • More even income distribution also pays off over the long term, it contends, because high inequality deprives many people of access to education and credit, and prevents the expansion of domestic markets. Over years and decades, that amounts to an enormous waste of a country’s economic potential.
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    This article on the distribution of income interested me because of the connection to economic growth and development. The efforts to create more equal income distribution are not only good for the population socially, but for helping economic performance. From the article; "This goal is worthwhile not only for reasons of fairness and social welfare, but because it would improve economic performance," says UNCTAD.
Monique T

Obama, other G-8 leaders push economic growth over austerity | Los Angeles Times - 0 views

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    The world economy is in a troubling situation right now, and leaders of the G-8 countries have often disagreed on how to deal with economic troubles. Angela Merkel (Chancellor of Germany) has pushed Europe into using austerity measures to attempt to solve its debt problems; but with this meeting the focus shifted rather to economic growth, and how the countries would work together to achieve this in the next few crucial months.
Monique T

Australia's interest rate cut brings new risks | The Globe and Mail - 0 views

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    This article details the risks that are associated with the cut in interest rates in Australia. Interest rates are a form of monetary policy that is being used by Australia to try to create a better economic situation.
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