Economics IB Allen Perry

According to the article, the Federal Reserve may be increasing interest rates in early 2015, increased rates anticipated to come much later in the year. Fed-Watchers and analysts may begin to see the accelerating wage and price inflation, as well as unemployment rates reaching NAIRU. This article also explains some key elements in our learning for this week such what NAIRU is, pressuring on wages, effects of low unemployment rates, etc...

Because the High Seas operates as an unregulated global commons, its wild fishes population are in precipitous decline. Since they are accessible by any nations, where any nation can take as much as they want. Having no catch limits in the High Seas, migratory fishes are being overfished and their population are expected to continue to decline. However, researchers found out that closing the high seas could double the populations of the important fishes species.

This is also article also highlights the point similar to my article since that people thought that they could take as must fish as they watned out of the ocean since they thought that the negative externalities is shared by everyone while the profit was not.

The article talks about one of the world's most tragic tragedy, which is "tragedy of the commons". This theory explores when a resource is available jointly, people often deplete these resources, rather than save them. To further support the theory, the article focuses mainly on "over-fishing" and how the ocean is a "common area", therefore anybody can choose to fish out there, and this leads to the problem of over-fishing and destroying the habitats of the high seas.

This article discuss that due to the melting of arctic ice and over exploitation of fish area known as dead zones are quickly spreading thereby deteriorating the 'common' high seas known to be economically beneficial to all.

This article talks about how our over dependence on the seas are affecting them and in turn affecting us. Since the seas are responsible for so much in human life, the deterioration of the seas could greatly affect different facets of human life such as climate among other things.

In this article its talking about how differnt companies and governments are destroying our water sources and our fish supply. As people are ordering others to go build things in veries water sources around the world. which is slowly and at times quickly destroying them, which has led to a problem with our ability to gain resources from water sources. at that will only become even worse of a problem as time goes on.

Oil prices are based on the supply and demand of it and not on its costs on the environment. "They price oil and gas based on current demand and supply, and not based on the costs to the planet in pollution, global climate change, sea level rise, and more."

"But many economists call it a classic case of a government causing a problem rather than solving it. Prices are set so low, they say, that companies and producers cannot make a profit. So farmers grow less food, manufacturers cut back production and retailers stock less inventory." In Venezuela, poorly executed price ceilings are causing massive shortages of many necessities. Although prices are cheap, it is extremely difficult to find necessities like bread or toilet paper.

NEW DELHI: The country's premier oncology treatment institute Tata Memorial Centre has recommended inclusion of 12 key cancer drugs in the national list of essential medicines (NLEM), prices of which are regulated by the government, an official source said.

This article discusses the issues being faced by opposing groups while trying to determine the correct price controls for sugar.

New Delhi: Some 12 key drugs which are used in cancer treatment, may come under price control. National drug price regulator has sought comments on recommendations of Tata Memorial Centre to add 12 drugs in the National List of Essential Medicines (NLEM) while asking for deletion of three drugs.The Tata Memorial Centre had said that there was huge scope for price reduction of these drugs, which are commonly used by those suffering from different kinds of cancer.

This article is about how China decides to set some price controls on certain markets in order to prevent inflation and provide its citizens with better living standards and enable the businesses to operate in a healthier way.

This article talks about including 12 new drugs on the list of those under price control. What's unique about these drugs is that they are commonly used by people undergoing cancer treatment. By setting a price ceiling for these drugs, the government hope to make them more accessible to wider range of people and hopefully save more lives.

This article is about the excise tax is coming in 2018.

Because India has freed the prices of diesel discovered in their country from the governments control, it opens a new market of investment. By doing this, India's economy will be revamped. This means that as the price of diesel fluctuates, the economy will also change.

This article is about the Government's intervention on diesel prices in India.Now Government doesn't control prices.Their aim is to encourage investment and revamp its economy.

To address the huge needs of African populations, companies must seek wealth creation and, along the way, create jobs, generate tax revenue and distribute purchasing power. If profit is essential to effective contribution of the common good, we need to agree on what kind of profit we are talking about. Summarising the history of capitalism with a broad brush, we can say that 1.0 version is characterised by the pursuit of wild profit, with no care for law nor morality. Capitalism 2.0 pursues legal profit and the 3.0 version emphasises legitimate profit.

Currently in the global world, prices of oil are falling and demand is increasing. However prices of oil will stop fallng as there would be supply cuts in order to keep the market at equilibrium.

this article is talking about how climate change is the ultimate negative externality cost. as we will have to soon pay billions to keep climate change from getting too out of hand. and even if alot of people arnt the cause of the downfall of our climate, we will still have to pay the damge.

A commodity boom has helped pull millions out of poverty across South America over the past decade. It has also unleashed a new scramble for oil, minerals and cropland that is accelerating deforestation and fueling a new wave of land conflicts from Colombia to Chile. The land and the forests are poorly regulated and protected leading to illegal plundering of resources which end up deteriorating and damaging the environment. This article is also a good example of negative externality of consumption and how demand can indirectly increase the damage inflicted on the environment. Since the amazon rainforest is only protected in some places and not in others (and the protected places are still open to the public), it is a common resource that is constantly being violated and reduced.

This article discusses the negative externalities of smoking; or it's ability to inflict negative effects on others.

Mark Bittman has a piece in the New York Times where he analyzes the "true cost" of hamburgers. There are some things right with the piece and some things wrong. In general, thinking about the costs of meat consumption is important, and casting the discussion in economic rather than moral [...]

This article mentions what exactly is negative externalities and makes reference to real life examples.

Actually this article exactly reflects my opinions about improving technology and its causes.I believe that negative externalities mostly occur because of fast and destructive innovations.. New technologies effects people and they tend to buy all new products as if it is a rule.Eveything changes so fast and we don't realize the harm we cause to the environment and us in that rush.