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The article is about how chinese fans of iPhone 5 are looking everywhere to find an iPhone 5 , which has a big rate of sailing these days. People try to use different sources where they can buy an iPhone.

I really like this article because I think anything to do with demand for iPhone is interesting. Chances are, most people don't even know the new features of the iPhone 5 compared to the iPhone 4S but the popularity of Apple in of itself is enough to create hype

The demand for the iPhone 5 is ridiculously high. With people camping outside the Apple store to get it before the stocks get over. The Apple store had changed the shipping estimate to two to three weeks. People who managed to submit their orders early were told they would receive their phones on Sept. 21, the day the iPhone 5 is officially available. That change in delivery times is a sign that Apple's online store burned through its initial inventory quickly, forcing customers who ordered later to wait.

The article is talking about India is projected to grow by 6 per cent in the current fiscal while growth is expected to be steady in most of the Asia Pacific economies.It, however, cautioned that a weaker global risk appetite and a poor monsoon would pull down growth to around 5 per cent in 2013-14 fiscal. In India, poor monsoon seasons would pull growth down to around 5 per cent in 2013 and would reach 6.5 per cent.India's growth forecast has been lowered to 6 per cent in 2013 and 6.7 per cent in 2014 on weaker consumption and exports.

Inflation in Africa's largest oil producer eased to 8.6 percent from 9.5 percent in February, the Abuja-based National Bureau of Statistics said today in an e-mailed report. The median estimate of 10 economists surveyed by Bloomberg News was 9 percent. Prices rose 0.7 percent in the month.

The article talked about the serious inflation in Iran. The government condemned international sanctions linked to the nuclear program. In March the inflation rate reached 31.5%, but the real rate might be double of that. This article shows inflation is indeed very hard to control.

The article is about how demand was massive on the first day of sales on IPHONE 5 the sales were doubled when you compare it with IPHONE 4S. Also e-bay offers standard prices that people can afford.

As a result of refinery troubles in Southern California, gas prices have hit record highs (some parts of L.A. reaching 5 dollars for a gallon of gas). The demand for gas remains constant (people in L.A. have a strange affinity with their cars) however, the demand has dropped around 2.5%. People have been griping about the price increases, but as people cannot live without their cars, they have no choice but to deal with it. The supply is limited and therefore the price increases.

This article is about how South Africa's inflation rate is remaining in it's target range and their rand is gaining value. 

This article talked about how an Iceland company Carbon Recycling International ehf, saw the rising demand and planned to increase output. It made the firm more efficient because recycling carbon reduced cost and saved resources. It also reflected the situation of perfect competition. Oil companies are price takers, they can't control the price of oil. And the product are homogeneous: oil form different company don't have significant quality difference.

The justice department of the Untied States has filed charges against Standard & Poor's, the largest credit ranking agency, for its involvement in the 2008 financial crisis. The article mentions how our current market, where three large credit agencies have had a sort of monopoly over the market, contrasts with the ideal form of perfect competition (where firms move freely but within certain rules). The author suggests however that the Federal Reserve may have had an equally significant role in the economic collapse, and by not acknowledging its own faults may give off a very poor image to the public.

A new poll shows that India's economic recovery may not go according to plan. The country aimed this year to keep the fiscal deficit at 5.3% of Gross Domestic Product, .5% lower than last year's. Reuters polled 21 different economists to get their opinion on the matter, and most agree that India's higher spending on fuel and fertilizer subsidies could keep the country from reaching its new goal. Because of this, it seems likely that India's credit rating will soon be downgraded from BBB- to a "junk-bond" status.

The Congress is preparing to cancel subsidy for corn ethanol and the tax break for oil companies. The tax credit deepened the budget deficit. It also raised corn price and food price as farmers started to replace other crops with corn. However the House of Representatives won't pass any law that would end the subsidy because their paymasters want the subsidy to keep the demand up.

This article focuses on the upcoming challenges and goals of the United Nations climate talks in Doha, Qatar. The talks aim to discuss how to remedy global warming that could lead to a planet up to 6 degrees warmer in the future. To do this, carbon emissions must decrease by about 5% each year. Topics at the talks may include current issues of greenhouse gas pollution and deforestation, especially with improvements of the carbon market. Businesses may soon face strong encouragement to accept these proposals, as climate change begins to result in not only impact on society but also private costs of businesses. These externalities, previously external but becoming increasingly internal, may soon force large business leaders to reconsider their impact on the environment.

Senator Kevin DeLeon plans to spend a large portion of the money for schools. This is an improvement in public education, which is a public good provided by the government.

According to the Commerce Department, consumer sales have risen 1.1% in February, the largest increase in 5 months. The good news calmed fears that the recent expiration of the payroll tax cut would reduce the willingness of consumers to purchase goods. Consumer spending makes up 2/3 of the macroeconomy and it therefore always a reliable gauge of the current status of the national economy.

Bank of America Merrill Lynch expects Taiwan's GDP growth to be 2.9 percent this year. This is higher than the 1.26 percent recorded last year, but lower than forecasts of between 3.5 percent and 4.23 percent by other institutes.

The article is talking about the strengthening housing recovery and robust auto sales contributed to moderate growth across the United States.Employers added only 88,000 jobs in March, a sharp slowdown from average gains of 220,000 in November through February. And consumers cut back on their spending at retail stores and restaurants last month, a sign that higher Social Security taxes have made more Americans cautious about spending.Debate was about Fed policymakers about when to rein in the bond-buying program, which began last fall.The Fed is expected to stick with plans to keep short-term interest rates at record lows at least until unemployment falls to 6.5 percent. And it will likely continue purchasing $85 billion a month in Treasury and mortgage bonds to lower long-term rates and encouraging more borrowing.

In March US only created 88,000 jobs, the lowest monthly gain since June. Economists were expecting an increase of 190,000 jobs. However, the unemployment slipped to 7.6%, which is below the expected 7.7%. That decline was not a good news because 7.6% is the result of 500l000 people dropped out of the labor. They still don't have jobs, but they are not considered as unemployed.

In UK shop prices rose at the fastest pace since December as the cost of non-food products increased for the first time for a year. In overall shop price inflation increased 1.4% from 1.1% in March. Food price inflation remained high 3.5 %. It is caused more pressure on cash-strapped consumers.Prices rose across health and beauty products mostly. The rate of year-on-year price deflation in shoes, footwear and electrical goods slowed to 2.2% from 4.2% in February.Total inflation is at its highest rate which is reflecting that many retailers went into the new year with less stock to clear so discounting is less extensive compared with 2012.

Gas prices in California have soared to over $5 a barrel in recent weeks. This causes everyone to feel pain at the pump and try to fill up fewer than they have in the past. However, people cannot live without gas, and thus the gas industry has not suffered.