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Nehir D

The Rut We Can't Get Out Of - 0 views

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    The article is talking about the federal government which has shut down today because of an impasse over the budge and in two weeks, the nation is set to hit its borrowing limit.The major problem in the articles is that there is an oversupply of global labor, an oversupply of global productive capacity and an oversupply of global capital. The jobs created low wages and part time. Growth in domestic manufacturing is still slow which will prevent the development of a country in their own production and prevent the large amount of profit they will get as a result of the domestic production.Business spending has fallen, rents of the houses falling where home prices have increased. The reason why its hard to get out from the rut is because they are no longer faced with a world in which supply-side economic remedies, easy money, reduced taxation, fiscal belt-tightening and deregulation can spur new capacity and the creation of well-paying private sector jobs.Countries that were recently poor find themselves with huge surpluses and sovereign wealth funds. The rich countries of the world, while still rich, struggle with monumental levels of debt, both private and public, and unsettling questions about whether they can compete globally.Also to clear this mess,developed nations need to put the huge surplus of underemployed workers back to work by any means, including big public sector investments to improve infrastructure and competitiveness.Moreover, a new economic multilateral ism with the developing world, to encourage them to re balance their economics away from savings and toward consumption, while we in the West must curb our addiction to credit and consumption is necessary.
Adil R

Oil market equilibrium fragile, says think tank - UPI.com - 0 views

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    This article talks about the Oil equilibrium and it relates it to supply, demand, opportunity cost and other external factors that affect the equilibrium. It talks about Europe's demand is "dead" and it points out the fact that they are looking at alternatives than fuel. it talks of how the demand for oil is decreasing as alternate ways are being used to generate heat and power but oil is still vital as a source of fuel. Only 2% of global fuel liquid supply is comprised of biofuels and the rest relies on oil. other factors discussed include geopolitics.
anonymous

Externalities: If only there were an alternative to cars | The Economist - 1 views

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Xinmian H

China Casting Off Mao Shackles Burnishes Yuan Appeal: Currencies - Bloomberg - 1 views

  • China’s planned economic reforms are burnishing the yuan’s credentials as a currency of global trade,
  • The yuan rose 2.3 percent against the dollar this year, the most among 24 emerging-market currencies tracked by Bloomberg. It was pegged to the dollar until 2005, and now trades in a managed range against a basket of currencies
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    This Bloomberg article talked about how China is trying to raise the currency and make Yuan become a global currency. It also mentioned China used to peg Yuan on US dollar until 2005, then they changed the policy to manage Yuan in a certain range.
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    The article is concerned with the increasing currency value of the Yuan. In the past couple years, the value of the Yuan has increased significantly. This increase in the currencies value is due to the China opening its markets and showing leniency in trading. However, the Yuan though growing in strength has much to do before it becomes the world currency. It must be adaptable. The Chinese government has stated that they will open the market more by 2020. When the currency will replace US is unknown but it seems that it will surpass the US dollar with time. The article was eyeopening. I had never realized the Yuan was so strong. I will definitely look at the Yuan when i read economic news.
Landon F

FoodBev.com | News | Wine supplies nearing demand equilibrium, says Rabobank - 0 views

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    This article talks about how wine is reaching a equilibrium between it's supply and demand. Global demand for wine is at a low right now, but the price of grapes is increasing. This means companies can't afford to supply the same amount of wine, which actually means they reach a balance with the decreased demand. This is a good representation of how a decrease in demand isn't always bad. 
anonymous

Rupee Leads Drop in Asian Currencies on Global Slowdown Concern - 0 views

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    A lot of Asian countries' currencies are dropping, however Chines currency is almost equilibrium to U.S. Dollar.
Christopher P

Business leaders must take on challenge at Doha - 0 views

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    This article focuses on the upcoming challenges and goals of the United Nations climate talks in Doha, Qatar. The talks aim to discuss how to remedy global warming that could lead to a planet up to 6 degrees warmer in the future. To do this, carbon emissions must decrease by about 5% each year. Topics at the talks may include current issues of greenhouse gas pollution and deforestation, especially with improvements of the carbon market. Businesses may soon face strong encouragement to accept these proposals, as climate change begins to result in not only impact on society but also private costs of businesses. These externalities, previously external but becoming increasingly internal, may soon force large business leaders to reconsider their impact on the environment.
anonymous

Random House and Penguin Merger Creates Global Giant - 0 views

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    This article talks about how major publishing companies are planning on merging in order to combat the very different marketplace of books. Random House and Penguin's merge has further narrowed the amount of major publishers that are left in the market.
Deepak B

Spotlight on Economics: Global food security in 2050 - 0 views

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    This article talks about the concern of food supply to China and the rest of the world. Lester Brown claimed that food production was not growing fast enough to feed China's increasing population, which could result in rising food prices in China and the rest of the world.
Jacques DP

Spotlight on Economics: Global food security in 2050 - 0 views

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    This article is all about food security, which may be at risk due to growing populations in many Asian countries.
anonymous

Global food prices soar with agflation - 0 views

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    This article talks about how increased grain prices will affect well-developed countries where the price elasticity of meat and corn is low.
anonymous

Scarcity of oil in the world and global tensions - 1 views

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    This article talks about the rising tensions in the middle east and its effect on the price of oil in the world. As the middle east supplies most of the world with oil, the recent demonstrations in Libya and Egypt, and the sanctions on Iran are causing oil prices to rise. The threat of higher prices due to the fact that only a few countries control the limited oil supply in the world is causing increased pressure on the United States to release their oil supplies.
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    I like how you identified that all of this forces the U.S. to consider releasing their oil supplies. Some problems with this are that it is currently not possible to do so in the areas where oil is most abundant. After the B.P. oil spill, the current administration put a time ban on all off-shore drilling and new construction. If this ban were to be lifted, companies like B.P., Shell, and Marathon would begin constructing new refinement plants and drilling facilities immediately, which would significantly reduce the price of oil at home. When some people here this, their inclination is to say "the government has good reason to do this, look at what happened in the gulf, it is better to ere on the side of caution," but the sad thing is, these companies have put forth revised safety plans as well as contingency plans that have all been approved, but legally, they can do nothing. The companies own the land / water as well, which in my mind makes the fact that they are prohibited to build on land that they own that has never been part of a reserve or park seem a tad bit anti-constitutional, but until the piece of legislation is overturned, prices will continue to rise.
Nehir D

World water crisis must be top UN priority: Report - 0 views

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    The article is all about scarcity which is one of the most important problem around the world nowadays. Because of global warning the water resources are less than the previous years if you compare them. Nothing is infinite in the world, all resources are scarce and everybody should take precautions to prevent the rise. The UN is arraying meetings to debate and find ways to save us and our world.
Mathias S

Brisk demand makes India a bright spot for global steel makers - 0 views

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    This article is interesting due to the fact that it highlights the ideas of supply and demand particularly on an international scale.
Landon F

Europe's pork and bacon supply is contracting fast (From Smallholder) - 0 views

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    This article is interesting because it talks about the chain affect of low supply. The articles talks about how the global failure to harvest maize and soya is causing the supply of pig-feed to be low. This causes the price of pig feed to increase and makes it hard for farmers to continually purchase it. This isn't only affecting the farmers, but it is affecting the public. Farmers can't maintain healthy pigs so the supply of pork and ham decreases, which causes the price to increase. This means people aren't as willing to buy pork and ham. The competition between the large amounts of farmers also doesn't help the supply of pig-feed.
Adil R

UN human development index 2013 - get the data | Global development | theguardian.com - 0 views

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    This article talks about the HDI rank for different regions of the world and compares them to the previous year. what was most concerning was that the US fell by 13 places however many developing country did see some rises.
anonymous

Consumer of Last Resort Missing as U.S. Leaves the World Behind - 0 views

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    The U.S. has had a current account deficit since 1999. Lately, a growing U.S. economy is not contributing to the global trade market as much as it had in the past. This is causing people to become worried about a global economic storm that might emerge in the near future.
Adil R

Giant Free Trade Deal to Link Asia Pacific - 0 views

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    This article is a fairly recent article that talks about international trading. Particularly, it talks about a free trade agreement that will soon be finalised between countries that could potentially represent 1/3 of global output. This free trade agreements seeks to reduce barriers in some countries allowing for easier trade and aims to increase the share of knowledge between the countries, trying to make the knowledge similar to a perfect competition scenario. However this agreement may lead to the alienation of power-house China, a heavily influential country that had not been invited to join the agreement. this could have potential backfires such as trade embargos, but for now we will have to wait and see.
anonymous

CIL coal price pooling not acceptable to Bengal government - 0 views

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    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.
anonymous

increase of high demand on rice - 0 views

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    Rice to Rally as Global Demand, Thai Buying Stoke Increased Export Prices
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