Group items tagged

This article talks of the Occupy Wall Street movement and its overall economic and political impacts on the society itself. For their cause they closed down a shipping port in Portland to try and cut corporate costs. The movements followers believe that these corporations are largely responsible for the current economic crisis faced by the US today. The political impact of this movement was a statement made by Republican pollster Frank Luntz who says he's "scared of this anti-Wall Street effort. I'm frightened to death." Luntz said he believed the movement is "having an impact on what the American people think of capitalism."

While there was a lot of economic lingo in here that I didn't completely understand, what I did pick up was the use of price increases to help the government make more money. The government makes its money off the financial interactions between households and firms. This is done through income tax, sales tax, etc. Starting to sound familiar? So, by increasing the price on diesel, the government ensures that large transactions will be made between the household and the firm, meaning they get a bigger chunk of dough. But the political motive behind this is that the government can now use the extras cash-money to fund public programs and what not for social benefit.

tax 'dodging' has been happening withing big companies in the UK due to the low economy progress. However, Cable says that the UK's tax claimers should be more strict about this as medium and small companies are paying their taxes and loosing profit to paying tax as their demand is low and therefore it cannot be only payed by the costumers but mostly by the companies themselves.

Now, I'm not much of the political type but, when I saw this title, I have to admit it drew me in. After about the first five or six sentences you can tell this is an article from the far left of the political spectrum (that being the hardcore democrats), but what I found really interesting about this article was how it looked at supply-side policy as this conservative dooms day device, rather than a neutral policy that can be used to anyone's advantage. I still think it is a strategy with its pros and cons, just like monetary or fiscal policy, yet it is interesting to see how it might benefit one social group more than another and how its implementation can lead to many economic issues.

The article is a good example of how the government funds firms and different projects. The government expenditures are very important in order to keep a stable economy. When the the governmet realises that the economic growth slows down it has to react and invest in order to bring the economy back up.

"Burma, also known as Myanmar, has been implementing economic and political reforms, resulting in various sanctions against it being lifted." The Asian Development Bank has approved loans for Burma after sanctions had been put on them.

This article elaborates on the fact that Burma is in dept and it's been not recognized for loans. Burma is on of the poorest countries in Asia and it suffers highly under the it.

the article talks about a change in the income tax paid by the highest bracket of the English economy; this means that all the money earned above £130,000 will have to pay 50p per pound (50%) rather than 40p per pound. Economists predict that the income change will not have any effect on the earnings as the income elasticity of the bracket of economy is 0.46.

This article shows an example of an excise tax that has been damaged firms. A new 2.3% ad valorem US excise tax on medical devices, is, in my opinion, a mistake. 1,170 jobs were cut from one company as a result, and production will be down. This means that fewer devices will be made at a higher price, and furthermore means that fewer of those who need the devices will be able to purchase them, and they will get them at a higher price.

In this article it is about "how the excise tax on gasoline and diesel fuel has been the main source of funds for building and maintaining the nation's roadways. It has paid for most of the four million road miles currently in service" By imposing taxes, governments obtain certain tax revenue which is used for supporting national infrastructure (roads), public services and subsidies for other things. But gas tax is not sufficient anymore. So, there are myriad discussions across political fields how to alter current tax policy. There are several options: taxing the miles (the question is how to tax the miles) toll roads (but they would hardly replace the gasoline tax), adjusting tax to inflation, taxing oil instead of gasoline or taxing cars. It seems resolving this issue is a hard nut to crack for the U.S. government.

This article discusses how The White House wanted to make its policy on price controls clear to Republicans in Congress, some of whom have been agitating for price controls. The president told Republican House deputy whips last week he would oppose all price controls, but the White House wanted to hit the message even harder.

The article talks about the USA economic growth in 2013, which is surprisingly improving after 2012. However, Bernanke is expressing that the cut the Congress wants to make (like budget costs cuts) would stop and even decrease the slow economic growth the USA is facing.

This article is long but to sum it all up, it discusses "The idea: Reduce taxes, especially for the wealthy and corporations, and America's entrepreneurial fortunes will soar. The economy, unleashed from the drag of excess taxes, will grow. Government deficits will shrink."

This article addresses the point of how politicians play a very important role in the model of circular flow of income model. They represent government sector in it and banning the use of lights under certain conditions conferred by the decree of French government is a way how to shrink leakages which belong to government spending and to move national economy more towards equilibrium where leakages equal to injections.

This article is a perfect example of economics and corruption. Corruption if when money within governmental lines is distributed "off the chart", something citizens don't like since it could have ben used for their benefit. In this case, the money came from donations from companies and individuals. If we apply this to the flow chart of a macroeconomy, there is negatives from both households and fabrics, but no input. Though, the input gets there by the government employees spending more. So there is a hidden extra flow that should not be there.

This article talks about the increasing need for oil to be imported by China. We learned that imports are leakages from the Circular Flow of Income, and that if leakages outweigh interjections, then income will fail. However, this being China, I believe the income for China will not be greatly affected because China is one of the biggest exporters in the world.

This article discusses how the government is creating jobs because they want to help stimulate economic growth. There were many people people were unemployed "12.3m unemployed who have been without work for more than six weeks" and the creation of the jobs is due to the increase in taxes.

The article talks about corruption in China, and how the government spends the money of the people to buy 4 or 5 houses, and some even to pass driving tests. When I read the article, I thought of the circular flow with three sectors open. The firms get the government expenditure that should go for hospitals and schools, and with the corruption a lot of money are given illegally from the government to the firms.

This article debates the spending of President Obama, and whether it should be cut or not. As of now, there is a $85 million cut being made, and there is debates going on about whether these cuts should be more significant.

This article is talking about American economy, how the government is promising to make different changes to for example "respond to climate change". More than 8/10 americans think that washington should be paying more atttention to the local issues (jobs) than issues overseas.

This article talks about a planned cut to the EU's seven-year budget of about £30bn. Considering the EU to be a macroeconomy, the government is cutting its spending. This decreases that part of the flow of income.