Mexico has suspended the last of the retaliatory tariffs it had imposed more than two years ago on an array of U.S. products such as apples, certain pork products, and personal care goods. The tariffs were imposed as a result of a cross-border trucking dispute between our two countries.
"China on Sunday urged Washington to stop pressuring Beijing as the US Senate prepares to vote on a controversial bill aimed at punishing the Asian nation for alleged currency manipulation."
The U.S. government is very unhappy with China's dealings with their currency and policies regarding said fiasco. We are en route to passing a very controversial bill to reprimand China for its backhanded actions.
Small and medium enterprises are very important to the international economy , and economists are always looking for more businesses of this size.
Smaller businesses are important to maintain a variety of choices for consumers worldwide. This article delves into this aspect of international trade.
This article is about the process that the government is going through to ban State income taxes. It is apparent that most everyone does not want to be taxed on their income but rather on their expenditures.
In Asia, supply-side constraints were going to ease up after last Autumn. The government is aiming to "rebuild the demand", because it is painfully lacking.
Europe tightens their monetary policy, apparently fighting price pressure according to Weber, Bundesbank president. Europe's inflation rate is about 2.7% as of March, up from 2.4%.
China has increased the banks' reserve requirements for the seventh time since the tightening cycle in October of 2010. Clearly, China has been and will continue to improve upon their monetary policy.
This article talks about Obama's fiscal policy with regards to taxes on the rich, and the benefits/limitations of increasing or decreasing taxes on specific income brackets.
This article explores how the business cycle affects unemployment. There is an unusually high unemployment rate in the U.S., and the way businesses operate tells a great deal about why this might be.
This article warns economists that oil prices might well cause a recession. In just a month's time, oil prices have risen from 85 to 106$ a barrel. This article examines how that price rise might affect the economy.
Keynesian economics is said to be a suitable solution for the current economic times because it solves problems that relate to labor and debt.
-Michael
China has been encountering substantial increases of monetary assets. However, this money growth may be stunted by a fast-approaching inflation. This article explores further into why there will be inflation in China, and what they can do to battle against it. One thing they mention is slowing credit growth.
-Michael
People are dropping out of their jobs at a higher rate than ever, even though hiring has bounced back a bit. Unemployment rate is up to 8.9%.
The recession has driven younger people out of the job market and back into school. People over 55 are going back to work because their savings were depleted due to the recession.
-Michael
There has been a recent decline in newspapers, and it is speculated to be caused by market failure. This article explores that idea in depth, with reference to different arguments from different groups including the FTC (Federal Trade Commission).
This article touches on how there has been a recent escalation in military pursuits in Afghanistan. This is an example of a public good because the military is non-exclusive, as everybody is subject to the benefits (and side effects) to the actions the military is taking.
There is a recent movement of an increase in people who use coal for heating. This would put pollution into the air, thereby carrying with it a negative externality.
This is an article examining how other products are dependent on oil, and therefore argues whether or not we are irreversibly dependent on oil. That is, it is examining a cross elasticity between oil and many other products by way of a strong bond between the two.
GM's stock price goes way up because an unidentified person offers to purchase more stocks than they thought they would sell. This is a great example of how demand directly affects price.