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Xinmian H

Hiring slows severely in March, but don't panic yet - Apr. 5, 2013 - 1 views

  • Hiring slowed sharply in March
  • 88,000 jobs,
  • The unemployment rate slipped to 7.6%,
  • ...3 more annotations...
  • Economists surveyed by CNNMoney were expecting an increase of 190,000 jobs.
  • Experts had expected the jobless rate to remain at 7.7%. But the decline is not good news:
  • It's because nearly 500,000 people dropped out of the labor market.
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    In March US only created 88,000 jobs, the lowest monthly gain since June. Economists were expecting an increase of 190,000 jobs. However, the unemployment slipped to 7.6%, which is below the expected 7.7%. That decline was not a good news because 7.6% is the result of 500l000 people dropped out of the labor. They still don't have jobs, but they are not considered as unemployed.
anonymous

Exchange Rate Forecast 2014: Pound to Australian Dollar & Pound to New Zealand Dollar - 0 views

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    This article illustrates the relationship between the pound and the Australian dollar, as well as the pound and the New Zealand dollar. The article states that "the Pound to Australian Dollar median forecast is for 1.8300 GBP/AUD in 8 months" and the latter exchange rate is "predicted to reach 2.1200 GBP/NZD in 8 months."
Deepak B

New cable won't solve Telecom 'monopoly' - Greens - 0 views

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    Telecom, Vodafone and Telstra have announced a deal to build a new undersea telecommunications cable between Auckland and Sydney, which should dramatically increase the amount of internet data able to be sent to and from New Zealand. The total cost of the cable is expected to be less than US$60 million ($70.9m).
Nehir D

The Rush to Coin Virtual Money With Real Value - 0 views

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    This article is interesting because it shows economics and how it must adapt as well in order to better handle things that arise with the new century. It illustrates how economics as a study is not static
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    The article is talking about the programmers around the world have been churning out new digital currencies that try to improve on the concept of bitcoin, the hot but controversial virtual money that has swept the InternetAs questions still swirl around bitcoin's legality, many technology entrepreneurs are trying to sidestep the currency's pitfalls by devising new ways to make payments in a cashless futureThe online payment system viewed by many insiders as having the best chance of supplanting bitcoin, however, is not even on the list: Ripple. Founded in San Francisco by former bitcoin developers, Ripple holds out the promise not just of a new currency, but also of a novel method to send money around the world. With that potential, it is winning something that has proved elusive for virtual currencies: involvement from more mainstream players in the financial system.
Adil R

Mark Carney abandons Thatcher-era supply-side policy - 1 views

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    This is a fairly recent article that talks about supply side policies implemented by the new head of the "Bank of England", Mark Carney. The article mainly discusses their new strides to reach unemployment rates, which heavily involves controlling inflation and interest rates. It is interesting how it talks about how Keynesian supply side policies were not effective post war era because they let inflation spiral out of control. The author believes in Mark Carney's aggressive take on the issue as it plans to control inflation, unemployment and has a contingency plan.
anonymous

Public goods in New York City disappearing - 4 views

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    This article talks about how lately, as the government is running out of money, the residents of New York City have begun to turn to buying goods that used to be public. They can no longer go to the public library and instead they are going to bookstores. They cannot go to the park, and instead are going to expensive gyms.
anonymous

Factories in New York Area Expanded in March for Second Month - 0 views

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    This article states that the aggregate demand has been expanding at a steady pace, and this has resulted to an expansion of manufacturing as well. Because the "growth in orders and sales show manufacturing is on the mend," we can see that demand is rising because companies usually buy inventory in line with demand.
Landon F

Nissan Readies Lower Cost Electric Car - WSJ.com - 1 views

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    The Japanese automobile maker Nissan announced a couple years ago its plans for a new completely electric car, the Nissan Leaf. However, sales in the United States have been fairly low, only selling 10,000 of the cars in 2012. The reason for the small amount of sales is believed to be caused by its high price, due to an expensive and large battery back in the car, and the fact that the car has a small 80 mile range. In hopes to increase sales, the company is beginning to start production here in the United States. Producing the product closer to where it will be purchased will reduce production costs for the company, allowing it to decrease the price of the car and leading, hopefully, to an increase in demand.
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    Nissan is opening up a production plant in the U.S. to produce their car, the Leaf electric car. This is the first production plant. The short term is the building of the plant, which should decrease unit costs because they will no longer need to transport the cars to the U.S. The long term is the plan to create new technology to improve the car (battery, charging, etc.) and hopefully increase the demand, which could reduce unit costs even further. 
Christopher P

India Likely to Miss 2012-2013 Fiscal Deficit Goal - 0 views

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    A new poll shows that India's economic recovery may not go according to plan. The country aimed this year to keep the fiscal deficit at 5.3% of Gross Domestic Product, .5% lower than last year's. Reuters polled 21 different economists to get their opinion on the matter, and most agree that India's higher spending on fuel and fertilizer subsidies could keep the country from reaching its new goal. Because of this, it seems likely that India's credit rating will soon be downgraded from BBB- to a "junk-bond" status.
anonymous

Micro irrigation answer to depleting ground water level: Sharad Pawar - Economic Times - 0 views

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    The article mentions that in NEW DEHILI water is scarce. As a result Shaward Pawar , the agricultre minister has created new regulations to conserve water.
Christopher P

Terms of trade at 40-year high - 0 views

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    Statistics New Zealand is reporting that the Terms of Trade of the country are the highest that they have been in 40 years. The improvement is due largely to the prices of dairy exports, which have risen sharply in recent months. The TOT of merchandise have risen by 7.5 percent, driving the them to their highest since 1973. At the same time, the unemployment rate has been steadily decreasing and surveys show that consumer and business confidence is increasing.
Nehir D

Exporters seek fixed exchange rates - 0 views

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    NEW DELHI got caught off guard by recent appreciation of the rupee, particularly against the euro, the majority of the exporting firms surveyed by FICCI want the Reserve Bank to peg a fixed currency exchange rate. They took a cue from China, which has pegged a fixed rate of yuan against the US dollar.An overwhelming 88 per cent of the 278 exporting firms participating in the survey, said the sudden appreciation in rupee has affected their margins. They lost on account of forward contracts that were booked to hedge currency risk.
Yusuf L

SA Government keen for free-trade agreement with China | News.com.au - 0 views

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    discusses free trade between south Australia and china
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

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.
Paul J

SPCC: Cu Market Reaching Equilibrium, Peru,Regional, Mining, news - 0 views

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    This is a great article about the copper market, and how it is attempting to reach equilibrium. They had been stuck in a period of oversupply, and there had even been rumors of productions cuts to compensate for the oversupply; however, all such rumors have been dismissed as consumption is on the rise and they expect that equilibrium will soon be met.
anonymous

Milk Allergy Problem Solved? - 0 views

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    Many people are lactose intolerant, but this new genetically modified cow looks to solve those problems. If this new "tailless" cow is able to solve the lactose intolerance problem, than the demand for milk will increase, and the demand for soy milk or other milk substitutes will decrease.
Elnara H

Demand for Apple iPhone 5 lights up China's online market - 1 views

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    The article is about how chinese fans of iPhone 5 are looking everywhere to find an iPhone 5 , which has a big rate of sailing these days. People try to use different sources where they can buy an iPhone.
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    I really like this article because I think anything to do with demand for iPhone is interesting. Chances are, most people don't even know the new features of the iPhone 5 compared to the iPhone 4S but the popularity of Apple in of itself is enough to create hype
Paul J

Nuclear waste and negative externalities - 1 views

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    This is an interesting article about the contract that is now up for grabs to decommission nuclear waste. Nuclear waste is a great example of negative externalities, as it is a negative by-product of production, and, as can be seen in the article, it is quite hard to get rid of, and quite expensive as well.
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