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Contents contributed and discussions participated by Paul J

Paul J

US Q4 economic growth figures revised upwards - 0 views

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    This article ties in very well with the theme of economic growth because it discusses a variety of the components that determine economic growth, for example job numbers and GDP. It is also worth noting how economists arrive at their ultimate assessment of the nation's economic health, because it truly is quite complex. Also, the stocks and shares portion of the article on the right hand side are also quite telling.
Paul J

Aggregate Demand Up, Jobs Down - 0 views

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    This is a great article because it discusses how aggregate demand relates to other barometers of economic health when it comes to a nation, such as the unemployment rate. 
Paul J

Banking Has Become an Oligopoly - 0 views

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    This article is very interesting because it describes how the banking industry has become an oligopoly. I chose it because I would never have expected as such, as there seem to be so many small banks. It is also a greatly informative article because it discusses the increasing prices that will result from the shift in the type of market and talks about how the oligopoly is going to end up hurting the 99% of americans. 
Paul J

China's premier calls for ending bank monopolies - 0 views

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    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.
Paul J

Banking sector maintains perfect competition - 0 views

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    This is an example of perfect competition that we don't normally think of, the banking sector. 
Paul J

The Chevy Volt's $89,000 production cost: A waste of money? - 0 views

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    This article is an excellent example of the concept of long term vs. short term decision making by a company. Right now, GM is losing massive amounts of money whenever they make and sell another Chevy Volt, but they hope the investment will pay off in the long run.
Paul J

Air France Cuts Costs - 1 views

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    This article is very interesting in that it shows how a massive company like Air France is making decisions to cut spending drastically in order to reduce their production cost. On a side note, I found this article thanks to my french class, so if any of you are french / speak the language and would like a more interesting view on the topic, check out this link. http://www.france2.fr/jt/20h/
Paul J

Obama announces Pentagon budget cuts - 0 views

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    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.
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.
Paul J

India recommends price control for essential drugs - 0 views

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    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. 
Paul J

IMF: Sudan Must Further Cut Fuel Subsidies - ABC News - 0 views

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    This article is very interesting because it shows another situation pertaining to subsidies that we have not discussed in a lot of depth, this being the removal or reduction of subsidies. This article also shows the clout that the International Monetary Fund holds, as well as the impact that subsides or lack thereof can have on the citizens of the country in which they are implemented. 
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.
Paul J

Food Prices and Supply News - The New York Times - 0 views

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    This article is a great demonstration of the many factors that can cause supply to fluctuate; hence, causing the pricing of the goods fluctuate as well. In the article we can see something that a few of the students in the class that are also from Indiana can relate to quite a bit, this being the massive effect that droughts can have on the economy and supply of products in general. 
Paul J

Fish Stocks Down So Prices Will Go Up - 0 views

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    This article shows the initial stage of something that will have a snowball effect of sorts in terms of the relation between supply and demand. We can see that the yearly economic losses as a result of this shortage amounted to $50bn, meaning that companies and fisheries will attempt to compensate for these losses by raising prices in the future. It is a great example of the relation between supply, demand, and pricing. 
Paul J

BBC News - India raises diesel price as it looks to trim deficit - 1 views

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    This article is interesting because it is quite important in terms of the impact it could have on the U.S. India is one of very few countries near the Middle East that is "stable" at the moment, and the U.S. as a country imports quite a bit of its oil from the Middle East. This is very closely related to what we have been studying this week, in that when something is scarce, or demand is high, prices elevate. Not only is it a good decision on India's part to raise prices because it will help their own national fiscal rating, but it will also take advantage of the fact that many countries will begin turning to them as a primary source of oil / diesel until the situations in the arab spring are resolved. India is doing a smart thing fiscally, while capitalizing on unrest in the arab spring and maximizing their profit during this time of high interest in the good that they have to offer.
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