IB Econ HL Section B

Because of financial pressures and donations falling due to the recession, will have to cut costs and minimize welfare for animals. The number of abandoned pets is increasing due to the recession and because of the financial pressures, the RSPCA has to start turning away abandoned pets and only take in ones that have been seized by inspectors in cruelty cases or those which are at immediate risk or cruelty. This article shows that even animal welfare is being affected by the recession.

Obama has just proposed a plan to privatise the actions of NASA, i.e. release it from government control. The President says this would put astronauts on a more ambitious and sustainable path to the future. Some others believe that this is the death of the nation's space flight program...

Mayor Richard Daley today brushed off attempts by police union leaders to blame his administration for officers not getting better raises in a new five-year contract, exemplifying the struggles between unions and employers. In this case, they are dealing with the government

This article talks about how the Congress of South African Trade Unions has pledged full support for SAMWU's 130 000 municipal workers who have been on a national protected strike from 12 April 2010. Trade unions, if powerful and well organized, and if many workers belong to them, can have devastating consequences on the economy if they go on strike.

This article describes how, in the US, even though inflation had been rising during past year, its rate had been slowly decreasing, reaching a number of 2.1%.

In order to create new jobs, the senate of Arizona has just backed a bill that will cut business tax and give tax breaks to families in order to create new jobs. People in support of the package said that it would diversify the state economy and provide high-paying jobs by attracting business expansions and relocations.

This article exemlpifies the positive impacts with the utilization of a higher tax revenue.

This article examines how small business loans help empower impoverished women in Peru. Finca Peru is a microfinance institution that gives business loans primarily to women, and has been enabling new business ventures. Additionally, the article presents how a small loan can cause a big economic change within a family, and even within a community.

This article is about Zimbabwe's need to sell diamonds in order to service debts to the IMF.

The move to oust Professor Muhammad Yunus from the board of Grameen Bank is the latest in a line of criticisms aimed at him as an individual and the microcredit system he pioneered.

This article is about the increased risk for Capital flight in Russia, because of the potential for political instability ahead of the elections. Russia experienced high levels of Capital flight in 2010, greatly hindering economic growth.

Money from rich countries has trapped many African nations in a cycle of corruption, slower economic growth and poverty. Cutting off the flow would be far more beneficial.

The Korean government has declared war against money laundering into foreign banks to root out illegal capital outflow.

Pakistan could become the UK's biggest aid recipient by 2015.

This article focuses on the many carmakers who are moving production to China. This is an example of capital flight, as the factories are moving from Western countries to China.

India's Supreme Court has said that the practice of illegal funnelling of wealth overseas by Indians is a "pure and simple theft of national money".

Up to $25bn (£16bn) will leave Russia in capital flight this year, as its economic growth "remains very fragile",

This article is about India President's pledge to lower corruption. It talks about how corruption has made India's rapid economic growth less attractive to foreign investors, which is needed for increased economic growth and development.

This article is about Egypt attempting to freeze the assets of the overthrown dictator Mubarak. Mubarak has been accused of corruption, as he is thought to have amassed a large personal fortune overseas.

Britain's arms sales to Bahrain are under urgent review following violence there, the Foreign Office has said.