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Free trade agreement could mean jobs, exports boost for state - 0 views

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    According to the Bertelsmann Foundation, "a free trade agreement between the U.S. and the European Union... would mean more than 9,000 jobs and an estimated 138 percent increase in state exports to the EU." The negotiations have been stalled because of the government shutdown in the U.S.
Xinmian H

One Bad Energy Subsidy Expires - NYTimes.com - 0 views

  • The 45-cent-per-gallon tax credit for oil companies to blend ethanol into gasoline cost taxpayers $5 billion to $6 billion a year,
  • It boosted corn prices and increased food prices generally by encouraging farmers to replace other crops with corn.
  • deepening the budget deficit.
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  • corn ethanol generated more carbon dioxide than gasoline
  • ending the subsidies would
  • have no effect on gas prices for consumers and only a trivial effect on industry profits,
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    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.
Nehir D

Notes on Rise in National Income and Per Capital Income in India - 0 views

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    The article is talking about the national income rises according to the development and improvement of the country from back then until now. The boost of national income in India was 8.2 per cent GDP between 2003-2008. The prime minister of economic advisory council lowered the economic growth.However, the GDP per capita was higher than the national income in India which is better because it showed the amount of money that individuals have and how they improved.
Nehir D

Strong Housing and Auto Sales Boost U.S. Economy - 0 views

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    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.
Xinmian H

Iceland's Carbon Recycling Sees Rising Demand for Renewable Fuel - Bloomberg - 0 views

  • 100-fold over the next five years to capture European demand.
  • The company now produces 1.5 million liters and has the capacity to produce about 5 million liters. It plans to boost that to 150 million liters over the next five years
  • The carbon dioxide is converted and recycled to produce liquid fuel. The production can then be used to blend in with gasoline for any car and as a feedstock in the production of other fuels.
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  • Our recycling process is cost-effective, reduces greenhouse gas emissions to the atmosphere and conserves natural resources
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    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.
Landon F

India's Shrinking Current-Account Gap Reduces Risks to Rupee - Bloomberg - 0 views

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    This articles states that the slowing down of gold imports has made "India's current-account deficit... the lowest level since 2010... offering a potential boost for the nation's currency."
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    This article talks about how taxes on gold imports have decreased the imports and led to a decrease in the current account deficit.
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