The article discusses the increase in the minimum wage and its effects on employment as the government struggles with the rise of inequality over the previous years. David Neumark an economist at university of california argues in his paper that a high minimum wage wage may not be effective in tacking poverty. Other impacts on the increase in minimum wage is higher productivity on the other hand labor is so cheap that there is less incentive to increase the wages. Higher minimum wages could boost the economy and if employers focused on high-skilled workers in the short term, that could boost productivity and the economy in the long term, eventually providing jobs for the low skilled.

The Argentinian peso had been under strict currency controls for the past four years under former president Cristina Fernandez de Kirchner.The exchange rate had been going for 9 pesos per US dollar and is not going for 14 pesos per US dollar which was previously only seen in the black market. Former president Kirchner had put the controls in place in attempt to control Argentina's inflation. The new government are hoping to improve exports of agricultural commodities.

Britain is experiencing a downfall in their economy due to less consumer spending. The GDP growth of the country has been slowing at a pace of .3% and according to economist Chris Williamson, this is due to the fact that consumers are being cautious with their spending and are pulling back and also that the manufacturing sector is struggling. The pound value has weakened compared to the euro and dollar. Also a poll done in the service sector shows growth at a slow pace since April 2013.

Euro has been facing slow recovery from the suffering economy in Europe however it is hard for the euro to get out of deflation because of emerging markets that are making it harder for recovery. The recovery has been led by Germany which makes up 30% of euro-zone GDP however their exports have fallen in August compared to that of July.In France an issue in oil prices has acted the same as tax cuts for consumers and businesses.The euro still looks like it will be facing very low inflation in the coming years.

- In this article, Nomura has seen an 8% GDP growth for the fiscal year. Chief economist in India states that some factors that caused the growth include "policy efforts from both the RBI and government support the projections for higher growth." Foreign investors continue to rise on the stock market which is evidence of the rise in investors participating in the market.

The exposure to second hand smoke during childhood destroyes their arteries and can lead to heart and lung damage . This smoking in parents causes lung cancer and premature death fron conditions such as heart strikes and high blood pressure. It is recommended that these parents stop smoking in order to help make the future of their children better. This consumption of cigarettes causes a negative externality as the children are affected in the near future from second hand smoke. These children whose parents smoke are more likely to smoke as well which continues the cycle of negative externalities of the co sumption of cigarettes.

Due to the bad weather in France, the quality of wheat used to make bread have been affected leading to an increase in the price of flour. Other factors that lead to the increase in prices include the Ukrainian crisis and the Russian ban on wheat exports. Because flour and wheat have many uses, the demand for these products will hardly be affected which makes them inelastic. Supply on the other hand will decrease because of the bad harvest faced by farmers.