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lebiez piranaj

Canada's Income Inequality: What Is It, And How Bad? - 1 views

www.huffingtonpost.ca/...lity-by-numbers_n_1545900.html

poverty canada income inequality growing

shared by lebiez piranaj on 17 Jan 13 - No Cached
  • income inequality could be “the new global warming.”
  • in the last three decades income for the richest Canadians has increased far faster than it has for the poorest
  • As the income gap widens and rich neighbourhoods become unaffordable for middle- and low-income families, good schools become less accessible
  • ...6 more annotations...
  • As of 2009, the average Canadian family had an after-tax income of $60,000, an increase of 16 per cent from the Canadian average of $52,000 in 1980
  • the top 10 per cent have pulled ahead of the pack
  • The average income that families in the bottom 20 per cent make from employment has decreased by 60 per cent since 1980, whereas the average earnings in the top 10 per cent has grown by 45 per cent
  • Canada’s Gini was estimated to be 0.32 – a middling value
  • More telling is that in the past decade, Canada’s Gini has risen faster than all but five of the OECD’s 34 countries
  • Wilkinson says that as the income gap widens, problems related to social status increase
  • lebiez piranaj on 17 Jan 13
     
    The article talks about how income inequality is increasing in Canada. It talks about how the rich are getting a bigger income over the years then the poor. 
faseehthemoonman

Bank of Canada warns of rate increase, flags debt concerns - The Globe and Mail - 1 views

www.theglobeandmail.com/...article4630682

globe mail bank canada rate increase consumer

shared by faseehthemoonman on 16 Jan 13 - No Cached
  • The Bank of Canada has laid out a clearer path for interest rates, pushing back the timing of an eventual increase
  • Bank of Canada’s benchmark rate from its current setting of 1 per cent.
  • 167 per cent
  • ...4 more annotations...
  • Households need to slow their borrowing on their own, or else the Bank of Canada will give them reason to do so
  • anada’s gross domestic product grew at annual rates of 1.8 and 1.9
  • Since April, the Bank of Canada had been talking about a potential rate increase in the context of an “economic expansion” that failed to achieve
  • forecast for economic growth this year to 2.2 per cent from 2.1 per cent
S C

Canadian consumer debt level reaches record high | Debt | Personal Finance | Financial ... - 4 views

business.financialpost.com/...ing-more-debt-than-ever-before

canadian debt consumer

shared by S C on 15 Jan 13 - No Cached
  • In the July-September period, households borrowed $27.3-billion, $18.4-billion of that in mortgages, while consumer credit levels increased by $7-billion to $474-billion.
  • “Given the prospects that interest rates will eventually rise, households must cool their spending and borrowing further.”
  • household debt to annual disposable income reached a new high at 164.6%
  • Nikita Klyuev on 17 Jan 13
     
    The new report shows household debt to annual disposable income reached a new high at 164.6%, from 163.3% the previous quarter. In the July-September period, households borrowed $27.3-billion, $18.4-billion of that in mortgages, while consumer credit levels increased by $7-billion to $474-billion. As well, household net worth rose 1% to $197,800 in the July-September period, mostly due to gains in holdings in stocks, including mutual funds, and increased value of pension assets.
  • Rohan Zahur on 17 Jan 13
     
    On a national accounting level, Canada's net worth increased by more than $9-billion in the third quarter to $6.8-trillion. That translates to $194,100 per person.
  • S C on 18 Jan 13
     
    Canadians are taking on more debt than ever before, approaching US debt levels just prior to the housing market crash.
Dyena Huynh

Study: Canadian consumer debt hits $26,768, highest in two years - 1 views

www.digitaljournal.com/...336848

shared by Dyena Huynh on 26 Nov 12 - No Cached
  • Canadian consumer debt grew at the fastest pace since the fourth quarter of 2010
  • Bank of Canada Governor Mark Carney has been warning households of its growing debt rate and officials are continuing to caution that household spending levels are starting to get out of control.
  • Dyena Huynh on 26 Nov 12
     
    1. Why do think consumer debt increased so much? 2. They say that getting consumers to spend more will help boost the economy, but is it beneficial when consumers are going into debt?
  • Brijesh Patel on 26 Nov 12
     
    1. i believe consumer debt has increased drastically because the generation is upgrading really quickly with new things, mainly technology and many people want to be caught up with the latest trends whether it is buying the latest iphone, clothing, real estate, buying a car etc. People begin to borrow heavy loans without thinking of a way to pay back therefore causing a big debt to themselves.
  • Samson Luong on 27 Nov 12
     
    1. I believe consumer debt has increased greatly due to the need to purchase luxuries and unnecessary goods because we live in a society where we live in a society where you feel incomplete if you do not possess a certain good. 2. I think spending money to a certain point is beneficial because it helps circulate cash, however consumers should not be spending to a point where they cannot pay back debts. Also people can spend money wisely rather on unnecessary and expensive goods.
faseehthemoonman

Consumer Debt - 7 views

Question #1 As the holiday season approaches, will consumers be able to go back to the old ways of gift giving, or will the Grinch (monkey) on their back, make them over spend and increase consume...

consumer debt

started by faseehthemoonman on 26 Nov 12 2 follow-ups, last by faseehthemoonman on 26 Nov 12
Erica Yeo

Crude Oil Rises on Gaza Conflict Amid Declining U.S. Stockpiles - Bloomberg - 2 views

www.bloomberg.com/...-weeks-as-stockpiles-fall.html

crude oil gaza conflict u s bloomberg challenges currentevents

shared by Erica Yeo on 29 Nov 12 - No Cached
  • boosting speculation that the conflict between Israel and the Palestinians of Gaza may disrupt crude supply from the Middle East.
  • Prices advanced earlier after American Petroleum Institute data yesterday showed crude inventories fell for the second week in three. An Energy Department report today is forecast to show supplies increased.
  • “Crude trade will remain choppy until we have some clarity on the Israeli-Gaza conflict,
  • ...5 more annotations...
  • Societe Generale SA raised its predictions for global oil prices next year,
  • Crude for January delivery was at $87.58 a barrel, up 83 cents, or 1 percent, in electronic trading on the New York Mercantile Exchange at 1:38 p.m. London time. The contract dropped $2.53 yesterday to $86.75, the biggest decline since Nov. 7. Prices are down 11 percent this year.
  • The bank increased its price outlook for Brent to $110 a barrel from $103 previously, according to an e-mailed report.
  • Crude stockpiles in the U.S. slid 1.9 million barrels in the week ended Nov. 16, the API’s report showed.
  • Gasoline slid 4.8 million barrels, compared with a gain of 1 million barrels in the Bloomberg survey. Distillates, including diesel and heating oil, declined 4.4 million barrels, compared with a projected 1 million-barrel decrease.
  • Erica Yeo on 29 Nov 12
     
    1. What affect do you think the american stockpiles of crude oil have on the supply and demand graph of crude oil? 2. Since the middle east contributes to most of our oil resources, what are the possible solutions to the price increase of crude oil if the conflict between israel and palestine continues?
lebiez piranaj

Car loans drive Canadian consumer debt to record high $26,768 - The Globe and Mail - 2 views

www.theglobeandmail.com/...article5248875

consumer debt auto loans higher

shared by lebiez piranaj on 18 Jan 13 - No Cached
  • Canadian consumer debt hit a record high in the third quarter, driven by loans to purchase new cars
  • The average Canadian’s non-mortgage debt reached $26,768 in the third quarter
  • fastest pace of debt accumulation in nearly two years
  • ...6 more annotations...
  • ransUnion said Wednesday that consumer debt in the third quarter increased at its fastest rate since the end of 2010, jumping 4.6 per cent on an annual basis and 2.1 per cent from the previous quarter
  • the debt levels are certainly moving in the wrong direction
  • Auto borrowing debt climbed 11.25 per cent from a year earlier and 1.84 per cent from the previous quarter
  • One possible reason, Mr. Higgins said, is that during the recession, Canadians held off getting new cars and paid off their leases, driving auto loans lower
  • people have started thinking that it is time to get a new car
  • “Today, people can carry this debt, but if we do get a big shock, like higher interest rates or job losses, then we will get hit.”
  • lebiez piranaj on 18 Jan 13
     
    The article mentions about how auto loans have increased substantially in the past few years and that this may be because auto loans have lower interest rates. But it also mentions that the economy is recovering and another hit could affect us because we are borrowing so much. 
Brijesh Patel

Watch Your Debt Level - 0 views

www2.macleans.ca/...nadians-watch-your-debt-levels

credit levels increased

shared by Brijesh Patel on 18 Jan 13 - No Cached
  • Brijesh Patel on 18 Jan 13
     
    For every dollar of after-tax income Canadians bring home, they're borrowing more than $1.64. Statistics Canada said that between July and September of this year, households borrowed $27.3 billion Consumer credit levels increased by $7 billion to $474 billion.
  • Brijesh Patel on 18 Jan 13
     
    For every dollar of after-tax income Canadians bring home, they're borrowing more than $1.64. Statistics Canada said that between July and September of this year, households borrowed $27.3 billion Consumer credit levels increased by $7 billion to $474 billion.
burmangabriel

Fiscal cliff: Obama, Boehner trade proposals - 1 views

www.abc15.com/...-obama-boehner-trade-proposals

Gabriel Ami trade proposals obama cliff

shared by burmangabriel on 12 Dec 12 - No Cached
  • prevent economy-damaging tax increases on the middle class at year's end, conferring by phone after a secretive exchange of proposals.
  • to reduce his initial demand for $1.6 trillion in higher tax revenue over a decade to $1.4 trillion
  • The longer the White House slow-walks this process, the closer our economy gets to the fiscal cliff," he said, declaring that Obama had yet to identify specific cuts to government benefit programs that as part of an agreement that also would raise federal tax revenue
  • ...14 more annotations...
  • attempts to avert a "fiscal cliff," across-the-board tax increases and cuts in defense and domestic programs that economists say could send the economy into recession
  • numerous proposals Obama has made to cut spending, including recommendations to cull $340 billion from Medicare over a decade and an additional $250 billion from other government benefit programs
  • Republicans "sent the White House a counteroffer that would achieve tax and entitlement reform to solve our looming debt crisis and create more American jobs
  • a deal to prevent damage to the economy,
  • Republicans struggle with Obama's demands to raise taxes, but Reid has privately told his rank and file they could soon be feeling the same distress if discussions grow serious on cuts to benefit programs
  • we need to strengthen Social Security, we need to strengthen Medicare for future generations, the current path is not sustainable because we've got an aging population and health care costs are shooting up so quickly
  • Republicans want to curtail annual cost-of-living benefits for Social Security and other government benefits, as well as raise the age of eligibility for Medicare from 65 to 67 beginning at some point in the future
  • president seems to think that if all he talks about are taxes, and that's all reporters write about, somehow the rest of us will magically forget that government spending is completely out of control and that he himself has been insisting on balance,
  • Obama's plan would raise $1.6 trillion in revenue over 10 years, in part by raising tax rates on incomes over $200,000 for individuals and $250,000 for couples. He has recommended $400 billion in spending cuts over a decade.
  • seeking extension of the Social Security payroll tax cut due to expire on Jan. 1, a continuation in long-term unemployment benefits and steps to help hard-pressed homeowners and doctors who treat Medicare patients
  • Obama last year signed legislation to cut more than $1 trillion from government programs over a decade, and was proposing $600 billion in additional savings from benefit programs.
  • health care law that Obama signed into law showed savings of $100 billion. Much or all of that funding came from Medicare, even though Obama's aides insisted during his successful campaign for re-election that he had not made any cuts in that program
  • Boehner's plan, in addition to calling for $800 billion in new revenue, envisions $600 billion in savings over a decade from Medicare, Medicaid and other government health programs as well as $300 billion from other benefit programs and another $300 billion from other domestic programs.
  • It would trim annual increases in Social Security payments to beneficiaries, and it calls for gradually raising the eligibility age for Medicare from 65 to 67, beginning in a decade
  • burmangabriel on 12 Dec 12
     
    1) Which proposal do you think is better? More cuts or more taxes 2) Do you think that going off the "cliff" is less detrimental than picking the other parties proposal?
  • Aron Joshua Tolentino on 14 Dec 12
     
    1.) More taxes because people in the lower bracket income won't get affected as much. Thus, not further hardening their way of life. 2.) No. they believe the measures negatively affect them. It would affect defense spending, domestic spending and taxes negatively. All the citizens of america will get affected. No exceptions.
  • Samson Luong on 17 Dec 12
     
    1. I believe more taxes would benefit the economy more because it would be geared more towards the higher income earners that have the foundation to deal with the taxes opposed to the lower incomes earners that already struggle. 2. Not exactly because going off the "cliff" affects several important factors such as federal tax, boarder tax, domestic spending, etc. Thus, it would seem that going off the "cliff" serves the economy and citizens more negatively than siding with the other parties' proposal.
lebiez piranaj

Consumer debt loads grow at fastest pace in 2 years - 3 views

www.cbc.ca/...transunion-debt-credit.html

consumer debt fastest pace

shared by lebiez piranaj on 25 Nov 12 - No Cached
  • Canadian debt loads grew at their fastest pace in two years during the summer
  • Credit reporting agency TransUnion's latest quarterly analysis of Canadian credit trends found average consumer non-mortgage debt jumped 4.6 per cent year-over-year in the third quarter to an average of $26,768
  • Measured on a quarterly basis, debt grew 2.1 per cent in the summer from the second quarter of this year.
  • ...9 more annotations...
  • Canadian instalment loan borrower debt grew 2.3 per cent over the third-quarter of last year to an average of $22,849.
  • — with inflation as measured by the Consumer Price Index up nine per cent and consumer debt jumping more than 37 per cent.
  • A 11 per cent uptick year-over-year in auto loans to an average of $19,228 was the main driver of the growth in overall debt
  • debt loads have increased 400 per cent more than the rate of inflation
  • Borrowing on lines of credit fell 0.2 per cent year-over year, but grew nearly one per cent since the second quarter of the year and sits at an average of $34,050.
  • delinquency levels — those who are late or default on a loan— continue to remain low across all categories.
  • the number of Canadians missing or defaulting on loan payments fell to pre-recession levels
  • household market debt has risen to 163 per cent of disposable income.
  • "We're moving into the Christmas season so I anticipate we might see another high increase year-over-year when we get to the Q4 numbers
  • lebiez piranaj on 26 Nov 12
     
    1. Despite receiving warnings about Canadian debt issues , it turns out that the average credit card debt has actually decreased by one percent while the year-over-year auto loans are now the main driving force behind the overall growth of our debt, why do you think this is happening? 2. Thomas Higgins, TransUnion's vice-president of analytics and decision services said that he believes the reason why consumers continue to ramp up debt is due to the media spreading overly positive news regarding the economy and throwing the readers into a state false optimism. Do you believe this is the case and why?
Brijesh Patel

Canadian consumer debt soars 53 per cent - 1 views

ca.finance.yahoo.com/...ars-53-per-cent-155008666.html

consumer debt

shared by Brijesh Patel on 26 Nov 12 - No Cached
  • Brijesh Patel on 26 Nov 12
     
    - In the past 5 years, consumer debt has increased by 53% - The most borrowing occurring in the two years right after the global financial crisis. - Canada's household debt to income ration jumped to 163.4% - Canada's debt-to-income ratio has now reached a record high, topping levels seen in the U.S - Currently, the Canadian housing market is in a state of decline, with home sales dropping 15 per cent in September.
  • Brijesh Patel on 27 Nov 12
     
    #2 what is causing the debt ratio to increase drastically ?
lebiez piranaj

Euro crisis opens old wounds for Greece, Germany - 0 views

edition.cnn.com/...index.html

austerity measures Euro Greece Germany

shared by lebiez piranaj on 10 Dec 12 - No Cached
  • A country's economy devastated, unemployment endemic and suicides rising -- this is the reality in Greece
  • Greece -- the birthplace of democracy -- is now reliant on eurozone bailouts and subject to political decision-making in Brussels and Berlin.
  • Merkel met with Greek Prime Minister
  • ...14 more annotations...
  • a Greek pensioner took his own life outside parliament citing austerity measures for his desperation.
    • lebiez piranaj
      lebiez piranaj on 10 Dec 12
       
      austerity measures- when a government reduces it's spending and/or increases its user fees and taxes so that the country can pay back creditors
  • she pledged German support for Greece but made it clear that Greece cannot -- and therefore will not -- yield on its austerity reforms.
  • Greek police were deployed to keep the protests under control.
  • Some demonstrators evoked bitter memories of the brutal Nazi occupation of Greece from 1941 to 1944
  • Spyros Economides, a senior lecturer in international relations and European politics at the London School of Economics, said Greeks are "not very positive at all" in their views toward Germany.
  • it's also younger people who are unemployed and suffering economic dislocation
  • To stay, the Greeks are coming under intense pressure from eurozone peers --- led by Germany -- to implement further austerity measures of 13.5 billion euros [$17.7 billion].
  • the projected cuts could break down into 11.5 billion euros worth of cuts
  • from pensions and wages as well as the sale of state property
  • and the remaining 2 billion euros from additional taxes.
  • Frank Schaeffler, a German member of parliament in the Free Democratic Party, has previously advocated the sale of uninhabited Greek islands to fund creditor repayments.
  • Schaeffler said: "I am afraid Germany has softened its stance on Greece lately ... Samaras himself has said that Greece is willing to sell off its uninhabited islands."
  • Germany is concerned that a Greek exit from the eurozone could lead to a domino effect
  • could lead to a full break-up of the monetary union.
  • lebiez piranaj on 10 Dec 12
     
    Q1: Do you think putting up their uninhabited islands is a good recompensation method in case Greece doesn't pay off their loans and are the Germans indebted to Greece for their misactions during World War 2? Q2: Do you think Greece should be toughening it's austerity measures even though it might mean increasing Greece's current unemployment rate?
  • Samson Luong on 17 Dec 12
     
    1. If Greece's economic situation worsens I believe putting up their uninhabited islands would be a great way to compensate because they are likely to be worth a lot and currently are not being used. 2. In my opinion, I feel Greece's unemployment rate is at a very risky point and doing anything to further detriment that would be unwise.
Erica Yeo

Canada's income gap widens, report says - Canada - CBC News - 0 views

www.cbc.ca/...p-canada-conference-board.html

inequality canada income gap report cbc news challenges

shared by Erica Yeo on 16 Jan 13 - No Cached
  • The income gap between rich and poor in Canada widened in the period from 1993 to 2009
  • The average income of the poorest Canadians rose from $12,400 in 1976 to $14,500 in 2009.
  • the gap between the real average income of the richest 20 per cent of Canadians and the poorest 20 per cent widened from $92,300 in 1976 to $117,500 in 2009.
  • ...5 more annotations...
  • high inequality can diminish economic growth if it means that the country is not fully using the skills and capabilities of all its citizens or if it undermines social cohesion, leading to increased social tensions.
  • high inequality raises a moral question about fairness and social justice.
  • The average income in 1976 was $51,100. By 2009, it had increased by 17 per cent to $59,700, even after adjusting for inflation.
  • 32 per cent of the country's national income would need to be redistributed in order to have complete equality of income.
  • The study found inequality is rising worldwide, but that two countries most similar with Canada in terms of per capita income had narrower gaps. Austria's was 0.265 and Denmark's was 0.232.
Brijesh Patel

Well Educated canadians have no future - 0 views

oncampus.macleans.ca/...the-new-underclass

no future for the upcoming generation

shared by Brijesh Patel on 18 Jan 13 - No Cached
  • Brijesh Patel on 18 Jan 13
     
    Some 6.4 per cent of Canada's total workforce-1.2 million people-now consists of part-time workers under 30 who wish they could work full time. university-educated Canadians experienced a relative increase in unemployment between 1997 and 2005 and a corresponding dip in relative wages, according to a federal government study. By contrast, those with a college, or even a high school education, managed to improve (or at least maintain) their outlook, relative to other workers. In fact, the only group that experienced a similar relative increase in unemployment during the period were those Canadians without even a high school diploma. Employers increasingly expect workers to pay for their own retirements. That's not easy when you don't have money. A survey by the Bank of Montreal found that only about 10 per cent of Canadians aged 18 to 34 had given any thought to retirement planning. Job security is also increasingly scarce. Stung by the 2009 recession, employers in industries ranging from retail sales to information technology are preoccupied with building a flexible workforce In an effort to close the gap, the federal government is planning to bring in as many as 3,000 foreign skilled workers this year by De-emphasizing the university-educated and focusing instead on welders and electricians. Economists say the market will eventually sort itself out. Wages and benefits in the trades should become more attractive as desperate employers try to woo new workers.
S C

10 Things You Need To Do While You're Unemployed - Forbes - 0 views

www.forbes.com/...2

unemployed forbes what do to

shared by S C on 16 Jan 13 - No Cached
  • Start your own business.
  • If you have the means to do it, it’s a great résumé booster and a wonderful marketing tool.
  • you can
  • ...11 more annotations...
  • work part-time or full-time depending on whether or not you are able to land a job working for someone else
  • You are also going to learn skills that are transferrable if you do end up working for someone else again.”
  • information technology, engineering, health care, sales, and customer service are among the top areas for hiring nationwide
  • include specific words from the job posting
  • candidates who show up at an interview with ideas demonstrate that they are passionate, knowledgeable, and excited about the opportunity.
  • t’s important to take that extra step to let the employer know you’re interested, and make sure you always send a thank you after an interview
  • set you apart from the pool of candidates
  • most employers use electronic scanning devices to screen and rank candidates
  • A résumé handed to the hiring manager directly from someone within the company is more likely to get noticed
  • tailor your résumé for each position you apply for
  • These types of activities tell the employer that the job seeker is serious about their career development and made the most of their time off
  • S C on 16 Jan 13
     
    The key to getting hired is to make sure employers know you've been using your time and that you're serious about getting the job. It's also important to know how employers hire and build more connections to increase your chances.
tyler wiliams

Income inequality rising quickly in Canada - 1 views

www.theglobeandmail.com/...article618311

income inequality canada challenges

shared by tyler wiliams on 18 Jan 13 - No Cached
  • tyler wiliams on 18 Jan 13
     
    From the mid 1990's - late 2000's Canada had the fourth largest increase in income inequality among it's peers. Income inequality, along with corruption, were named as the two most serious challenges facing the world at this year's World Economic Forum in Davos. the impact of the growing income gap has gather little attention in Canada market forces and globalization are increasing disparity, along with institutional shifts such as dwindling unionization rates and stagnating minimum wages.
lebiez piranaj

For richer, for poorer | The Economist - 1 views

www.economist.com/21564414

gini coefficient disparities inequality income distribution

shared by lebiez piranaj on 16 Jan 13 - No Cached
  • the share of national income going to the richest 1% of Americans has doubled since 1980
  • rise in disparities all along the income distribution
  • best-known way of measuring inequality is the Gini coefficient
  • ...15 more annotations...
  • global inequality has started to fall even as inequality within many countries has risen
  • inequality rises in the early stages of industrialisation as people leave the land
  • inequality has been on the rise for three decades
  • people at the bottom and even in the middle of the income distribution are falling behind not just in relative but also in absolute terms
  • Too often high-tax welfare states turned out to be inefficient and unsustainable
  • Europe France’s new president, François Hollande, wants a top income-tax rate of 75%
  • The mainstream consensus has long been that a growing economy raises all boats
  • of the tendencies that are harmful to sound economics, the most seductive and…poisonous is to focus on questions of distribution
  • Some societies are more concerned about equality of opportunity
  • The unstable history of Latin America, long the continent with the biggest income gaps, suggests that countries run by entrenched wealthy elites do not do very well
  • America’s presidential election is largely being fought over questions such as whether taxes should rise at the top
  • a big driver of today’s income distributions is government policy
  • a lot of today’s inequality is inefficient
  • reflects market and government failures that also reduce growth
  • it is about attacking cronyism and investing in the young
  • lebiez piranaj on 16 Jan 13
     
    The article talks about how inequality may have decreased worldwide but it is increasing more and more in specific countries, Canada has fairly high inequality and there are propositions to tax the rich or redistribute income using other strategies. 
Rohan Zahur

Teacher Bashing: The Inequality Psychology | Inequality.org - 1 views

inequality.org/-bashing-inequality-psychology

inequality

shared by Rohan Zahur on 22 Nov 12 - No Cached
  • Rohan Zahur on 22 Nov 12
     
    Q1: What would be your solution to this inequality? Would it really affect people(help teachers; students; any consequences)? Q2: Would your choice be efficient to the state? What would be opportunity costs for your solution?
  • Dyena Huynh on 22 Nov 12
     
    1. my solution to this inequality would be to increase taxes on the wealthy and decrease for the poor and focus the use of taxes more on public schools because that's where it's needed most. Since the problem isn't really about the taxes, it's the rich people themselves and their attitude toward public services so there should be a policy where rich have to support at most, public schools. 2. Yes my choice would be efficient because this way you can at least reduce the wealth gap between the wealthy and poor. The main opportunity cost for my solution is paying more taxes but for a better result in education and basic necessities needed in schools for students to be educated properly.
faseehthemoonman

Mining industry stakes claim as most powerful economic and social force in Queensland |... - 0 views

www.theaustralian.com.au/...story-e6frg6n6-1226526384303

shared by faseehthemoonman on 01 Dec 12 - No Cached
  • faseehthemoonman on 02 Dec 12
     
    Queensland resources council conducted a study that showed the mineral and energy has once again has increased its economic contribution to the state. resource companies have created 36 billion in gross regional product, due to gas and coal companies. it is a smart decision that auzi started to investing in producing a wide range of commodity resources. since the coal market struck a high. The challenge now is to ensure that there is a strong pipeline of projects across all commodities to sustain and grow the resources.
  • faseehthemoonman on 02 Dec 12
     
    Question Do you think a country like Aus would have more success investing in resources and commodities than Canada?
Brijesh Patel

Commodities rise on budget talks - 0 views

www.businessweek.com/...-on-budget-talks-economic-news

commodities

shared by Brijesh Patel on 02 Dec 12 - No Cached
  • Brijesh Patel on 02 Dec 12
     
    - The price of commodities has been going up and down the past week as negotiations over the U.S budget continues. - Oil rose while natural gas fell. Silver rose 2%, gold raised $10.70, copper gained 6.8 cents, palladium ended up at $12.25 and platinum gained $7.80 - Investors are hoping a new budget is agreed upon so that tax doesn't increase - There is a possibility that the economist believe that U.S could be pushed back into recession if a budget is not agreed upon. - During the second quarter, the economy grew at a faster rate than initially thought by the commerce department. - More Americans starting buying homes due to the job gains and low mortgage rates. The National Association of Realtors said an index measuring pending contracts to buy homes jumped last month.
  • Brijesh Patel on 02 Dec 12
     
    do you think that the new budget will make a difference in the commodities prices ?
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