Group items tagged

This article talked about how Apple broke the monopoly in computer industry controlled by Microsoft. 14 years ago Justice Department worried that without government intervention, consumer choice would be significantly limited by Microsoft. However, today Apple broke this monopoly and took a big share of market. By using non-price competition and creating innovative product, Apple survived and succeed in computer industry. So we can see there is no such thing as a monopoly in computer industry, the advancement of technology will always give the market to the firm.

The article talks about the affect of the imposing tax on medical devise industry, that is not profitable at all. The future of medicine will get worse, because they won't be able to buy advanced technology ect. By imposing tax on medical devise industry may cause a lot of problems, which are mentioned in the article.

This article discusses the duopoly in the telecommunication industry here in the UAE, Etisalat and Du. the article clearly points out the fact that both companies over charge, stating that internet here costs 50% more, when compared to internet pricing in the UK. This market was a monopoly, dominated by Etisalat but the entering of DU is said to be rapid and thus they are suffering from some diseconomies of scale. The way the article concluded was quite interesting as it stated that the Abu Dhabi government subsidized it's airline industry so that people could visit and enjoy lower rates, and then says it should keep the broadband cost more competitive so that it can attract the companies of tomorrow

This article talks about import restrictions to protect the olive oil industry in the United States. They are lobbying the government to put stronger restrictions on olive oil imports so that their internal industry, domestic market, can thrive. They are also accentuating the promotion of their domestic product in the market

President Susilo Bambang Yudhoyono of Indonesia has recently signed the Industrial Law into effect, which aims to reduce the country's dependency on imported components and machinery for the manufacture of goods. Indonesia has been experiencing larger trade deficits recently due to increasing costs in these imports, but an ISI strategy would allow the country to replace the imports with additional exports. However, the implementation of the policy is not likely to be flawless and needs to be done quickly, in time for the new ASEAN Economic Community that will go into effect in 2015. Indonesia's markets must be ready by this time to be sure that they can handle the increased traffic that will occur as a result of the economic agreement.

This article is very interesting because it describes how the banking industry has become an oligopoly. I chose it because I would never have expected as such, as there seem to be so many small banks. It is also a greatly informative article because it discusses the increasing prices that will result from the shift in the type of market and talks about how the oligopoly is going to end up hurting the 99% of americans. 

This article explained the relationship between supply and demand. The industrial demand in Asia had been increasing for so long that the factories kept adding supply. When the demand dramatically fall, Asia suffered capacity indigestion. The excess supply was too severe  that the equilibrium may not happen for 7 years. The demand could not keep up with supply.

Safari is still by far the largest browser in the industry, but there are other browsers that are still in the competition. Examples of these competing browsers are Opera Mini which accumlates around 12.72% and Android Browser which amounts to 22.82%. Safari still holds 55.41%. These three big firms have huge control over the browser industry.

This article takes about the Reserve Bank has turned to a growth. The author explains how the aggregated demand (even not visible) isn't the main factor.

This article is fairly recent and introduced me to another way of measuring economic growth in industries. the IIP stands for the Index for Industrial Production and it is discussed in the article that this value has corresponded to what has been expected, a negative number that is close to zero. This however is because there are many factors that are affecting aggregate supply, such as wage price inflation and the increase in land, a factor of production. However the author doesnt seem to be too worried about aggregate supply, rather He is worried that aggregate demand is on its way down.

This article talks about an increase in wages in India and that land prices is a key factor in wage changes. Also they are talking about a reserve bank, how it turned to grow and essential role of aggregate demand in it operating.

This article says that career-oriented colleges that help students find jobs in nearby industries are much more useful than top-name universities.

The article talks about two large U.S airline companies wanting to merge, American Airlines and US Airways. This will have a great impact on the US market in which with the merged firms and another two firms will control about 80%.

This article is very fascinating, it is about miners protesting for larger wages and from this, the effect of their actions which have now made the cost for platinum higher.

This really short article, i think, represents the real world problems of price marketing on a global scale. There is a bit of tension between two country's, West Benegal and India, over the price of coal. India is not cooperating with their usual partner to lower the price, and Benegal thinks that the importing cost is insanely high, thus we have a bit of a problem.

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.

The two biggest property firms in Abu Dhabi are merging in an attempt to stabilize the country's real estate industry

Abu Dhabi's two biggest developers have agreed to become one, controlling US$13 billion (Dh47.7bn) in property assets that include some of the capital's leading landmarks. The merger of Aldar Properties and Sorouh Real Estate creates the country's second biggest developer. Abu Dhabi's new property giant could breathe life into stalled projects.

I also worked on this topic as my part of my IA commentary. This article from the NY times explains the rising power of certain beer companies that have acquired a large amount of the market. This, according to the article, has created a sort of oligopoly. Monopolies and oligopolies are severely watched by the government because they do not want only a few companies to dominate the market. In the article they explain that these oligopolies are testing the presidents tolerance.

The article is talking about some giant beer companies that merged together but had some issues with price decisions because the prices were too high for consumers and they were not able to afford the prices. Even though it was hard to agree for each company the high prices encouraged them for competition and the industry got better. On the other hand the rising prices also pushed companies for oligopoly because as they come together pricing strategies, the division of labour would be easier and more effective.

This article discusses the lawsuit of Standard & Poor's, one of the largest credit ratings agencies, sued by the Justice Department of the United States. The lawsuit is over accusations that the agency unfairly tilted its ratings in favor of certain companies, thus contributing to the financial recession. However, the author of this article also discusses the oligopolistic characteristics, , of the three largest credit ratings agencies (Moody's, S&P, and Fitch) such as mimicking each other's ratings, and calls for the breaking up of these firms to correct the industry.

This article talks about how Fresno's supply of the raw material required to make concrete, asphalt, road base and other building products is decreasing quickly. Since this raw material is used by a majority of industries, the decreased supply will have a significant effect.

This article is about how the aggregate supply in Fresno County is reducing due to the lack of reserves of raw materials such as mines. The aggregate reserves is less than 11 percent of the 50 year demand, and mining operations are estimated to have less than 10 years to end. If mines can run out, so can oil and gas. We should be alarmed that our aggregate supply of country might also decrease due to lack of oil.

There will be an Indian Labour Conference on May 18. This debate and meeting will discuss ways to decrease unemployment. They are planning on trying to provide pension and other benefits to all workers. They are hoping that this will be successful in trying to convince people to try to look for jobs.