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Japan's economy is another recession. Many economists believe that the amount of old people int he country could be causing this. Japan's GDP reduced by .8%. Japan has been having economic issues for many years now. Japan's demographics aren't benefiting the country's economy. Since there are more old people then young people in Japan this hurts their GDP. The old people's population is bigger and growing faster than the working population, so the workers cant produce enough to sustain a stable economy. The GDP is Japan suffers because of this.

The head of a US pharmaceutical company has defended his company's decision to raise the price of a 62-year-old medication used by Aids patients by over 5,000%. Turing Pharmaceuticals acquired the rights to Daraprim in August. CEO Martin Shkreli has said that the company will use the money it makes from sales to research new treatments. The question here is whether it is morally defendable to increase revenue by increasing prices to an amount poor people cannot afford. He says the extra money will go to research, but is it worth making the medicine too expensive for poor people?

One of the intellectually horrifying things about the response to economic crisis was the way many economists, some of them famous, reinvented old fallacies in the belief that they were saying something profound.

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