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anonymous

Britain looking into currency rates - 0 views

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    In a large foreign bank, there are reports coming from insiders that employees manipulated foreign exchange rates. As this market isn't regulated, all claims would have to be monitored through individual interactions.
Nehir D

Public Goods and why we need them - 0 views

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    The article is talking about the changes in Public goods in different generations.The writer is comparing privatisation and public goods and services.These days, however, the distinction between 'public' and 'private' has become blurred.In Britain, for example, the railways were privatised and an 'internal market' was created within the National Health Service on the grounds that this improved the efficiency of service delivery for 'customers'. There are some circumstances in which it is sensible to privatise, there are many good reasons why wholesale privatisation should be shunned.
anonymous

King Says Debate on U.K.'s Fiscal Policy Has Become 'Overblown' - 0 views

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    Mervyn King, the governor of the Bank of England, said that the economy should be left alone in order for the "automatic stabilizers to work." He said that the "government's plan to aid home buyers shouldn't become permanent."
anonymous

European monopoly - 2 views

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    The prices of electricity and power has risen a lot the past few months in Bulgaria. The price increase from last summer was about 14%. People are complaining but they have no choice but the pay the bills. Even though there are three electricity companies, they are specified for each region. These were considered "regional monopolies."
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    interesting article from the economist that summarizes a fairly recent "monopoly-like" event. This article is the perfect example of monopolies in the real world, according to the article a bulgarian electrical company had been raising the prices on their own terms because they had a monopoly on the market. This will also be done in the future in the case of water. I also read somewhere else that france and britain own together all of the worlds fresh water so we can see that eventually monopolies will spawn everywhere
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