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This article talks about eradicating extreme poverty, one of the Millennium Development Goals. Unfortunately, 1.2billion people in the world live in extreme poverty, which is unacceptable. McConnell attributes most of this unfortunate predicament to unstable and fragile political governments, where members of society are continually sieged in turmoil. Although one of the Millennium Goals have been achieved early, elimination of extreme hunger, poverty is still a perpetual and prevalent issue that the USAID plans to rigorously tackle.

This is an interesting article because it is a great example of justified price controls. A panel was chosen to go through and examine what exactly should be controlled, and it shows that price controls, if implemented correctly, can be extremely beneficial. 

This article is interesting as it reveals some extremely negative aspects of not having the motivation to find a new job due to strong unemployment benefits. This is interesting because it mixes economics with the behavior of humans, making for an interesting explanation.

I find this article to be very eye opening and very reminiscent of the post World War 1 Germany era. In this article we see inflation taken to an extreme where the country is unable to maintain a stable economy. They even mention in the article that the government revalued the currency by taking off 10 zeroes and getting rid of extremely high bills. But even now they are still facing the same problem, in this article the rate of inflation is estimated to be at 231 000 000 %.

This is an extremely interesting article in that it shows a real life situation that is described in our reading, the situation in which massive monopolies may need to be broken up. In this case the reasoning behind the proposal is the fact that these banks are making massive profits, and sparking public outrage, which China's premier hopes to quell by putting forth this proposal.

Since our topic this week is on exchange rates i thought it would be a good time to address a topic of interest to me - virtual money. the bitcoin is accepted as a form of currency by many and from the article, we can deduce that it has a high exchange rate. A norwegian man had bout $27 worth of bitcoins which now translates to $886,000. this value and exchange rate is un-paramounted and extremely high but there are reasons for this. Bitcoins are now being used as a form of currency for illegal trading - forged documentation serving as an example. This increase in demand has lead to appreciation for the value however many countries are just starting to recognise the bitcoins currency value. many owners are just starting to accept bitcoins as a form of payment in the hopes that it can appreciate and they can sell it for more in the future. However in the article we get an understanding that the bitcoin fluctuates greatly. This detracts consumer confidence however the sheer idea of investing in virtual money is enticing to many, increasing the demand for the bitcoin.

Zimbabwe has set extremely low price controls for many primary products, and this has caused many people to go out of business. People are losing a lot of money, but the government is refusing to let the prices go higher. The government is making up for the loss by printing more money, which is causing price inflation. The people are upset, but with the government making sure that the prices are low by threatening to close businesses, there is nothing the people can do about it.

Zimbabwe government is controlling food price by physically forcing merchants and shop keepers to low their price down, other wise will be beaten. It is actually not going to work and can not last for long time. Producers can not supply the goods at a price that allows retailers to make a profit. The inflation of this country also reached the world's highest level. This article showed that price control has to be realistic otherwise will harm the economy.

The article is talking about with residential and commercial construction activity at a crawl, having enough aggregate might not seem like a major issue. But experts warn it may be a problem once the economy is back at full steam at. The current rate of consumption, the San Diego region will run out of aggregate sand, gravel and crushed stone in about 8 1/2 yearsOne of the problems here is that the county has an extreme shortage of high- quality sand.

This article highlights the complex relationship between inflation and unemployment by pointing out the effect that each has on the well-being of individuals. A recent study showed that a whole 4 percent increase in inflation leads to the same amount of unhappiness as an only one percent increase in unemployment. Inflation and unemployment have always been considered inverses, in other words as one increases the other decreases. However the author of the article points out that the goal of central banks should be to keep unemployment as low as possible, instead of inflation, because of its widespread "misery" effect.

Although inflation makes people unhappy, it turns out that unemployment makes people unhappier. The country's "misery index" is extremely high.

This article talks about the unemployment rate in US, the changes which happened since the time when the George W. Bush and Barack Obama were the leaders of the country till today. The unemployment level was extremely increasing from 2008 till 2010 and in the article you'll find what type of restrictions were taken to bring everything to an optimal level.