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Landon F

Government spending money for public good, not on statues: Akhilesh Yadav - Economic Times - 0 views

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    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.
Xinmian H

VW starts up largest solar park at US auto factory in Chattanooga, TN - 0 views

  • TN was certified LEED Platinum. That's a difficult level to reach – as we described at the time – but the one billion dollars the company spent
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    This article talked about how VW company decide to use one billion dollars to build LEED Platinum to make their car 25% cleaner. In the short run the production cost increased one billion. Since the car will get cleaner, the demand should increase. 
Christopher P

Economy Gains Strength as Retail Sales Jump - 1 views

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    According to the Commerce Department, consumer sales have risen 1.1% in February, the largest increase in 5 months. The good news calmed fears that the recent expiration of the payroll tax cut would reduce the willingness of consumers to purchase goods. Consumer spending makes up 2/3 of the macroeconomy and it therefore always a reliable gauge of the current status of the national economy.
Christopher P

Struggling Nokia turns to Q4 net profit of $270 million as revenue slumps 20 percent - 0 views

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    Nokia, a well-known cellphone manufacturer based out of Helsinki, Finland, has been struggling for the past few years to keep its revenue at sufficient level. Last year, the corporation was not able to pull any profit and lost over $1 billion. After many cuts and streamlining procedures, Nokia was able to gain a profit this quarter of $200 million, however, revenue continued to fall by 20%. This is an excellent example of how profit and revenue are truly separate concepts, because although the profit gain gave the impression that Nokia's status is improving, it is still in fact losing income.
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.
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