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Andrzej Z

U.S. trade deficit climbs 8 pct - 1 views

www.laprensasa.com/...rade-deficit-climbs-8-pct.html

trade deficit worldwide

shared by Andrzej Z on 23 Nov 13 - No Cached
  • Andrzej Z on 23 Nov 13
     
    It is an article about the trade deficit in U.S. The U.S. trade deficit with China rose slightly in September to the record monthly level of $30.5 billion. The U.S is a country that normally imports more than they export. One of the factors that contribute to this situation is the fact than many countries in Asia, especially China, are undervaluing their currency what cause an increase in the imports of Asian products in the U.S. Trade deficit is not a new problem, the U.S has been running a trade deficit for more than 20 years. There is a big concern among policymakers about this situation, many of them argue that in some moment foreign countries will stop lending money to the U.S, and the U.S will have to start to repay its debts. This could drive the value of the dollar down, force U.S. interest rates higher, and consequently stifle economic activity. On the other hand there are economists that argue that the trade balance is not a good indicator of economic. They consider that we should look at national savings rate.
Saskia vK

A Shrinking U.S. Trade Deficit - 1 views

www.businessweek.com/...cit-brought-to-you-by-fracking

Trade Balance

shared by Saskia vK on 19 Nov 13 - No Cached
  • Saskia vK on 19 Nov 13
     
    Almost entirely on the back of stronger exports, last week the U.S. Commerce Department revised upward its economic growth estimate for the second quarter, from 1.7 to 2.5 percent. Exports from April to June grew at their fastest pace in two years, pushing down the U.S. trade deficit to 2.7 percent of gross domestic product. That's less than half what it was at its peak of around 6 percent of GDP in late 2005.
Saskia vK

U.S. trade deficit widens, suggesting lower GDP growth - 0 views

articles.latimes.com/...a-fi-mo-trade-deficit-20120510

trade deficit

shared by Saskia vK on 25 Nov 13 - No Cached
  • Saskia vK on 25 Nov 13
     
    Washington - For all the growth in domestic manufacturing and exports, the ballooning U.S. trade deficit continues to be a thorn in the side of the U.S. economy. The Commerce Department said Thursday that the nation's trade deficit widened to a larger-than-expected $51.8 billion in March, up from $45.4 billion in February.
Jina K

U.S. trade official says to seek TPP deal by year-end - 0 views

www.reuters.com/...rade-usa-idUSBRE99703520131008

trade protection

shared by Jina K on 08 Oct 13 - No Cached
  • Jina K on 08 Oct 13
     
    United States proposed a Trans Pacific Partnership (TPP) with a goal of reaching a deal by year-end. The U.S. aims to discuss the trade deal with other nations during the World Trade Organization meeting. The TPP talks aim to establish a free-trade bloc that covers 800 million people, a third of world trade and accounting for 40 percent of the global economy. The goal is to promote remove trade protectionisms and also set standard for workers' rights, environmental protection and intellectual property rights. This article can be related to our topic this week as it involves trade protectionism. This TTP deal argues against protectionism measures as they believe the removal of protectionism will promote growth. For instance, Obama believes that more export will provide more U.S. jobs. On the other hand, opponents against the deal state that the deal will only provide multinational corporations powers against national policies in the name of free trade.
Kyuhwan L

How to Know When to Tax and When to Spend - 1 views

truth-out.org/...-when-to-tax-and-when-to-spend

business cycle government spending taxation recession prosperity

shared by Kyuhwan L on 03 Mar 13 - No Cached
  • Kyuhwan L on 03 Mar 13
     
    I really found this article interesting because it explains the strategy of taxation that aligns with the business cycle. It explains that during times of economic hardship, a recession, then government should increase spending to first "soft blow for businesses and average working people," but to also stimulate the economy and move on to recover. This is reflected by the Keynesian theory of economy, where the government intervention is necessary to put the economy back on the right track. On the other hand, the government should relax expenditure and slightly increase tax to pay off deficit. This strategy is also supported by history, where the article gives examples of past U.S. presidents and government decisions during different times of the business cycle.
  • ...1 more comment...
  • Andrzej Z on 07 Mar 13
     
    I agree with you that this article is very interesting. Like you said before it reflect the Keynesian school of economics. However, there is one problem with these theory, you don´t know if the government intervention are helping the economy or not. It is impossible to state which theory is better or if the economy work better with government intervention or without them. To investigate which one is better you would need two identic economies (this is impossible) in recession and intervene in one economy and in the other don´t make any intervention and expect that the market forces will solve the problem. "This strategy is also supported by history, where the article gives examples of past U.S. presidents and government decisions during different times of the business cycle." However the business cycle doesn´t affect all the economies in the same ways. For example the Spanish government is making a lot intervention but the economy is not recovering. On the other hand the biggest problem with the government interventions is that you can´t be sure in 100% about the effect of the intervention. You can study a lot the economy and prepar the intervention for months but you will know the result after the intervention, and the result may not be positive. The other problem with the government interventions is that many of them are not popular and many governments won´t risk losing popularity.
  • Benjamin D on 08 Mar 13
     
    I agree with what Andrzej said about the fatc that we don't what are the best ways to help the economy, either making a goverment intervention or not. The problem is that none of this policies are 100% efficient and the example that Andrzej gives us about the Spanish government shows us how sometimes intervention doesnt recover the economy.
  • Benjamin D on 08 Mar 13
     
    I agree with what Andrzej said about the fact that we don't what are the best ways to help the economy, either making a goverment intervention or not. The problem is that none of this policies are 100% efficient and the example that Andrzej gives us about the Spanish government shows us how sometimes intervention doesnt recover the economy.
Caitlyn S

U.S. adds 157,000 jobs, unemployment rises - 0 views

www.marketwatch.com/...data-revised-higher-2013-02-01

economics politics unemployment U.S government

shared by Caitlyn S on 03 Feb 13 - No Cached
  • Caitlyn S on 03 Feb 13
     
    The latest employment figures show hiring has been stronger in both 2012 and 2011 than initially believed, based on tax returns, not initially available to the government. Yet the pace of job growth decreased in January as the number of jobs added to the economy last month fell short of the 170,000 allowing the unemployment rate to increase from 7.9% to 7.8%. The pace of hiring in January suggests that businesses still remain somewhat cautious about taking on new employees.At the current pace of job growth, it is that that it will take several years to drive down unemployment back to pre-recession levels of below 5%. Also, the rise in the unemployment means the Federal Reserve is unlikely to stop its massive bond-buying program anytime soon. The bank has said it will keep interest rates at an ultra-low level until the jobless rate falls to 6.5%. However, hiring trends were somewhat better in 2012 and 2011 than the government's prior analysis indicated. The economy added 335,000 more jobs in 2012 than initially reported, with The largest amount of extra jobs showing up in the last three months of the year.
Kyuhwan L

EU imposes punitive tariff on U.S. ethanol - 0 views

journalstar.com/...61-5768-8c3a-f8b418904e5e.html

EU US protectionism import export tariffs duty dumping ethanol international trade

shared by Kyuhwan L on 20 Feb 13 - No Cached
  • Kyuhwan L on 20 Feb 13
     
    Recently the European Union has imposed a tariff on U.S. ethanol on the account of dumping. Dumping in international markets occurs when a country exports a good or service at a price that is lower in the foreign market than the domestic market. With a duty of $83.20 per metric ton, this tariff will cost exports more than $930 million per year. Tension has been building as there is a strain in transatlantic trade due to this implementation of a protectionism technique.
ZhengYe J

The Peak Oil Crisis: Peak Oil Elasticity - 1 views

www.fcnp.com/...risis-peak-oil-elasticity.html

demand supply Elasticity PED

shared by ZhengYe J on 23 Oct 12 - No Cached
  • ZhengYe J on 23 Oct 12
     
    Earlier this week the U.S. Department of Energy announced that the average national price for regular gasoline in the U.S. was now $3.96 a gallon. Last week the Kremlin banned gasoline and diesel exports from Russia to alleviate domestic shortages sending gasoline prices in Germany to a record $9.10 a gallon. Although price increases, people are still going to buy it due to it's elasticity, which is so small. The reason is gasoline is definitely a necesity.
Benjamin D

U.S. Trade Deficit Narrows Helped by Drop in Oil Imports - 0 views

www.dailyfinance.com/...-narrows-june-oil-imports-drop

Trade Balance

shared by Benjamin D on 19 Nov 13 - No Cached
  • Benjamin D on 19 Nov 13
     
    This article tells us that the trade deficit (the level of imports exceeds the ones of exports) in the U.S has been a constant issue, however as we can read, the article states that the trade deficit has narrowed more than expected to 43.2 billion instead of 43.5 billion, this is the smallest deficit ever since January 2010, when the deficit was 51.9 billion. One of the factors that have contributed to this change is the great and significant drop in oil imports.
Andrzej Z

Chinese antisubsidy tariff on U.S. solar-panel materials adds to previous levy for dumping - 0 views

online.wsj.com/...3527004579079070572200630.html

worldwide tariff China USA trade international

shared by Andrzej Z on 25 Sep 13 - No Cached
  • Andrzej Z on 25 Sep 13
     
    It is an article about the government of China that has decided to impose a 6.5% tariff on materials from most U.S. polysilicon suppliers. A tariff is a tax that is charged on imported goods. The Chinese government decide to impose this tariff in order to prevent dumping from USA. Dumping is the selling by a country of large quantities of a commodity, at a price lower than its production cost, in another country. However it is difficult to deduce if this tariff is imposed to prevent dumpling or if it is a revenge for the tariff that the USA government imposed Chinese-made solar cells one year ago. I think that the Chinese government should talk first with the USA government because protectionism is a very dangerous weapon because it often invite to retaliatory actions. This may reduce the benefits that can be gained from international trade by all consumers and producers in all countries.
Jean Eric

Europe's troubles deepen U.S. trade deficit - 0 views

articles.latimes.com/...la-fi-mo-trade-20120113

trade deficit

shared by Jean Eric on 25 Nov 13 - No Cached
  • Jean Eric on 25 Nov 13
     
    This is a perfect example of how trade deficit is happening in most of the economies and how it could potentially harm those economies.Reporting from Washington - Europe's prolonged debt crisis is starting to take bite out of American exports, a troubling sign for domestic manufacturers and the broader economy. The government said Friday that the U.S. trade deficit jumped 10% in November from the prior month, to $47.8 billion, the highest level since June. This deficit is going to affect the American economy in the long run as they will have to pay it back in the future!
Jina K

Thai Baht Climbs as U.S. Shutdown Cuts Dollar Demand; Bonds Rise - 0 views

www.businessweek.com/...-cuts-dollar-demand-bonds-rise

foreign currency

shared by Jina K on 22 Oct 13 - No Cached
  • Jina K on 22 Oct 13
     
    Thailand's baht appreciated extending a rebound from last month's three-year low to 4 percent, as U.S. lawmakers' failure to resolve a budget issue decreased demand for the dollar. Thailand also sees an increase in exports shipments of 3.9 percent in August, allowing the country to see a current-account surplus of $1.3 billion for the month. This shows how currencies can appreciate as an effect of another country's depreciation. Here, we US dollar depreciating due to less demand for it. Moreover, Thai baht also increases, supported by a current-account surplus.
Seyeon O

American Drought - 0 views

www.bloomberg.com/...first-time-in-38-years-1-.html

javascript:void(0);javascript:void(0);javascript:void(0);United States;price mechanism

shared by Seyeon O on 13 Oct 12 - No Cached
  • Seyeon O on 13 Oct 12
     
    The drought damaged the corn and soybean fields in the U.S. This caused drop in supplies in two crops to below year-earlier consumption levels for the first time since 1974. Prices have rose from 8.49 on August to $18 on September, but dropped again to $15.04 on October 3. This clearly shows both swift in supply, which set a new market equilibrium and price mechanism that adjusts the price of a product the new equilibrium. As the natural disaster swifted the supply curve, the price rose, but because the price was out of equilibrium price, the price dropped..
Jean Eric

Tuna: The Hidden Cost of the World's Priciest Fish - 0 views

www.time.com/...0,9171,1935115,00.html

demand supply scarcity Population

shared by Jean Eric on 09 Oct 12 - No Cached
  • Jean Eric on 09 Oct 12
     
    The tuna stocks around the world are being fish out an alarming rate, to fast for the tuna to reproduce and keep there numbers constant. This constant battle between the supply of the fish and the demand for them in Japan (75% of the tuna market) is devastating the tuna populations. The U.E. and other organzations have been trying to put quatos on the catcing of tuna but are being ignored by the fisheries and the tuna stocks are being continually fished. In a matter of years there will be no tuna to fish. As you can see this a problem of supply(where there aren't enought tuna) and demand(which is greater than the supply).
  • Jean Eric on 09 Oct 12
     
    This article describes how the tuna stocks, around the world, are being fished out at an alarming rate. Too fast for them to recover naturally. Demand for tuna far exceeds the supply (what the sea can produce) without disturbing the natural order. So the WWF & ISSF have tried putting quotas but no one is obiding and the overall catch of tuna each year is increasing...
Kyuhwan L

Corn, Soybeans Decline on Slowing Demand for U.S. Supplies - 0 views

www.bloomberg.com/...g-demand-for-u-s-supplies.html

Corn Soybean Producers consumers demand supply allocative inefficiency Supplier's Surplus Equilibrium Price Mechanism

shared by Kyuhwan L on 16 Oct 12 - No Cached
  • Kyuhwan L on 16 Oct 12
     
    Corn and Soybean prices fell as buyers are moving away from American producers to suppliers in South America such as Brazil and Argentina. Due to the declining demand, there will be allocative inefficiency and supplier's surplus with American corn and soybean. The equilibrium is not achieved, however the price mechanism could perhaps self-right the graph by lowering price and allow the supply to be harmonious with demand.
JungHsuan L

Medical device excise tax - 0 views

www.cbpp.org/cms

excise tax

shared by JungHsuan L on 20 Nov 12 - No Cached
  • JungHsuan L on 20 Nov 12
     
    Medical devices encompass an extremely wide range of products, such as surgical gloves, dental instruments, wheelchairs, coronary stents, artificial knees and hips, defibrillators, cardiac pacemakers, irradiation equipment, and advanced imaging technology. The U.S. medical device industry has estimated total sales of $106 billion to $116 billion a year. A few large firms account for the lion's share of this revenue. For example, Johnson and Johnson's worldwide sales of medical devices and diagnostics totaled $26 billion in 2011; the firm had total sales (on both medical devices and other products) of $65 billion, on which it earned profits of nearly $10 billion. Medtronic had $16 billion in sales and profits of $3 billion in its 2011 fiscal year. One trade group has estimated that the ten largest medical device makers will account for 86 percent of the sales of covered medical devices and hence pay 86 percent of the receipts from the excise tax.
Yingnan W

Unemployment rate falls to lowest level since 2008 - 0 views

money.cnn.com/...february-jobs-report

unemployment

shared by Yingnan W on 08 Apr 13 - No Cached
  • Yingnan W on 08 Apr 13
     
    "The U.S. economy added 236,000 jobs in February, according to a Labor Department report released Friday. " and the unemployment rate is down to its lowest level since December 2008 by this february, even though there are still a lot of problems, like people who got cut off on their jobs are still a lot, but in general, the employment rate got higher, we can tell from the graph this article gave to us.
Jina K

IMF Official: U.S. Fiscal Policy Dragging on Economy - 0 views

www.foxbusiness.com/...cal-policy-dragging-on-economy

Fiscal Policy

shared by Jina K on 17 Apr 13 - No Cached
  • Jina K on 17 Apr 13
     
    The IMF, International Monetary Fund, points out that US's economy is likely to see a 1.5 or 2% growth without the tightening fiscal policies. IMF also points out that there is very low private demand in Great Britain. They suggest government to adjust its initial fiscal plans. We can see that this relates to the use of fiscal policies and their impacts. Here, we can notice that instead of boosting economic growth, US fiscal policies, which I believe is the fiscal cliff. The government's plan is to increase tax rates and decrease government spending. This could possible reduces income and slows the growth of the economy.
Mariya L

U.S. Manufacturing Slows - 0 views

www.nytimes.com/...us-manufacturing-slows.html

economic_growth US March_2013

shared by Mariya L on 01 Apr 13 - No Cached
  • Mariya L on 01 Apr 13
     
    The economic growth in the US has been slowed down in the past month. Overall in March, the rate of new orders dropped causing the fall of national factory activity to 51.3 from 54.2 that occurred in February. A reading above 50 indicates expansion in the manufacturing sector, and a number below 50 means contraction, thus despite the fact that the index fell, there is still expansion in factory activity but it had a lower rate in March. Altogether, new orders index, prices-paid gauge, inventories fell, while the employment improved.
Tisha D

Employment Numbers reflect sluggish aggregate demand - 0 views

www.newswise.com/...-productivity-and-demographics

aggregate demand technology employment manufacturing USA

shared by Tisha D on 20 Feb 13 - No Cached
  • Tisha D on 20 Feb 13
     
    This article talk about how technology is improving at a rapid pace and thus leading to unemployment in the manufacturing sector. Since these manufacturing industries comprise three quarters of the 20- sub industry sectors, the level of unemployment is considered quite large. Some of these sub industries are leather tanning, paper mills, fertilizer factories, glass products etc. Another influencing factor in the drop of aggregate demand in the U.S is the shift in the age of the labor force. According to statistics, by 2020, people over 55 will compose of more than 25% of the labor force in manufacturing.
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