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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.

This article is a great example of government intervention into the market of public goods. This article details the rather controversial plan of President Obama to cut $487 billion dollars over the next decade, with the possibility of an additional $500 billion dollars of cuts if Congress agrees, which will most likely never happen.

This article discusses how oil is becoming an inelastic good. Although people can arrange their lives to reduce their consumption of oil, quickly there comes a point where it is not possible to purchase a smaller amount of oil. Oil would definitely be considered an essential good.

The article evaluates elasticity in terms of oil supply and demand. it states that there are still untapped oil reserves which are more expensive to obtain and requires more time. As a result, oil is becoming less elastic. it talks of possible ways of reducing oil consumption such as public transport or getting a more fuel efficient vehicle which is unlikely as it is expensive. it also evaluates the the elasticity of supply. it talks off how suppliers need a minimum price/barrel in order to keep a balanced budget so suppliers are reluctant in increasing supply in order to reduced the prices. It provides data over a 10year time period which analyses the oil consumption and supply of oil in terms of different uses and change in costs. It also relates it to the recession stating that job loss has lead to less people commuting decreasing demand and increasing price

This article is about the government of Uttar Pradesh who is trying to change the spending habits from the previous government. The previous government spend money on statues and parks that didn't help the public. Chief Minister Akhilesh Yadav promises that they will spend money on public goods that will benefit society.

This article mainly discusses the economic policies of Representative Paul Ryan involving his concerns that continuing budget deficits will eventually lead to high rates of inflation. The author evaluates a theory regarding the importance of government policy on the price level of the economy. The view states that there is only one point of equilibrium in the macroeconomy where Aggregate Supply will equal Aggregate Demand, and the changing policies of the government play a crucial role in meeting that equilibrium by affecting not only the value of business assets but also people's expectations.

This article briefly goes over the possibility of Apple wanting to sell a lower priced iPhone (considerably lowered price) at the same time as it comes out with a new model. This is iterating as the mass consumer is no longer able to keep up with the $600 every 6months tat Apple cost them. Thus it has been rumored that they will do this in order to maintain the overall supply and demand of the cell phone.