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Mariya L

US government shutdown: Doing away with the dollar - 1 views

www.newscientist.com/...oing-away-with-the-dollar.html

value of currency currency US dollar government shutdown

shared by Mariya L on 05 Nov 13 - No Cached
  • Mariya L on 05 Nov 13
     
    This article talks about the recent shutdown of the US government and its effect on the American currency. The author of the article questions whether the US dollar will save its supremacy and will stay an international currency as it used to be. The government shutdown has seriously affected the value of the US dollar. Therefore, affecting everybody who has held their money in that currency, "China, the largest foreign owner of US treasury bonds, would feel much of the pain." This serves as an example of the factors that affect the currency and what are the consequences of it.
Jina K

Obama says US can reduce deficit by closing tax loopholes, making 'smart' reductions R... - 0 views

www.foxnews.com/...sing-tax-loopholes-making-mart

economics and politics deficit.

shared by Jina K on 04 Feb 13 - No Cached
  • Jina K on 04 Feb 13
     
    Obama suggests US can reduce deficit by closing tax loopholes. Deficit is when expenses exceed income. This will allow the US to fund things for the economy's growth without having to raise tax. Obama also says that he wants a fair and transparent tax system and further health care reforms. He says that since US spends a lot, they need additional revenue and also smart spending reductions. This relates to cash inflow and outflow of the economy. US have been dealing will the excess of outgoing money over the incoming money. This becomes public debt for the national. This could possibly slow the the efficiency of how the government can support different sector of the country, such as the economy.
Paul J

Need for import substitution - 0 views

www.dawn.com/...need-for-import-substitution

import substitution trade imbalances trade deficit exports Pakistan IMF debt default

shared by Paul J on 04 Feb 14 - No Cached
  • Paul J on 04 Feb 14
     
    This article is of great interest to us for a variety of reasons. Firstly, it is filled to the brim with information regarding the need for import substitution, providing us with a real-world example in Pakistan. Also, it is important because it discusses debt and the looming possibility of defaulting on debt, which is something that has become a hot-button issue in the US economy as of late, given the importance of the debt ceiling.
Jean Eric

Oil Spills, global warming and negative externalities - 3 views

tucsoncitizen.com/...ing-and-negative-externalities

'negative externalities'

shared by Jean Eric on 30 Nov 12 - No Cached
  • Tisha D on 30 Nov 12
     
    A negative externality is a cost incurred by a comapny or a party that did not agree to whatever action caused the extra cost. This article discusses the negative externalities that we incur when we use fossil fuels etc. The cost of production and damage caused by the use of fossil fuels is not included in the price we pay for 1 gallon of gasoline. This is the negative externality. A lot of the government involvement in the private sectors is actually aimed at reducing such negative exteranlities concerned with environmental pollution. Several companies also try to reduce externalities by introducing policies. For example, SAP AG has policies that its employees cannot buy cars that have carbon emissions beyond a certain limit.
  • ...1 more comment...
  • Jean Eric on 06 Dec 12
     
    A negative externality is an action of a product on consumers that imposes a negative side effect on a third party. Many negative externalities are related to the environmental consequences of production and use. for example the emmisions of green house gases. in this article it explains that when i company creates negative externalities neither the company nor the consumer pays for them so there the government has to step in to stop it by ptting regulations which increases the cost of the comapanies decreasing the negative externalities. but national companies complain because they say if regulations are set they cant compete with international firms like in china where there are no regulations for fuel negative externalities. for example a negative externality was the gulf of mexico oil spill where BP oil prices didnt rise to clean up the mess but the taxes did.
  • Andrzej Z on 06 Dec 12
     
    Your article is very interesting. In the end the writer talks about the oil spill in the Gulf of Mexico, two weeks ago or something like that I read that BP (they were the owners of the deepwater Horizon) will pay $4.5 billion in fines and other payments, the largest of its kind in US history. It is a lot of money but how can we estimate the value of million animal life's and the destruction of a big part of the Gulf of Mexico. The worst is that we could avoid it because the BP company saved money in the security systems in these Deepwater. I think that after this disaster the government should check all the deepwaters in order to reduce the possibilities of new cases.
  • Jean Eric on 07 Dec 12
     
    A negative externality is an action of a product on consumers that imposes a negative side effect on a third party. Many negative externalities are related to the environmental consequences of production and use. for example the emmisions of green house gases. in this article it explains that when i company creates negative externalities neither the company nor the consumer pays for them so there the government has to step in to stop it by ptting regulations which increases the cost of the comapanies decreasing the negative externalities. but national companies complain because they say if regulations are set they cant compete with international firms like in china where there are no regulations for fuel negative externalities. for example a negative externality was the gulf of mexico oil spill where BP oil prices didnt rise to clean up the mess but the taxes did
Andrzej Z

US TRADE DEFICIT HITS HIGHEST LEVEL IN MONTHS - 1 views

www.businessinsider.com/eptember-trade-balance-2013-11

worldwide trade balance deficit current account

shared by Andrzej Z on 14 Nov 13 - No Cached
  • Andrzej Z on 14 Nov 13
     
    It is an article related to the balance of payments topic. This article reports the situation of the US current account. The US current account is facing a deficit because they country is importing more than they export. The US needs many imported products and commodities to meet the consumers demand. This demand for products and commodities from foreign countries (especially oil) has been rising for the last 20 years and so has the US current account deficit.
Jean Eric

Gas Prices Send Surge of Riders to Mass Transit - 0 views

www.nytimes.com/...10transit.html

elasticity price XED

shared by Jean Eric on 11 Nov 12 - No Cached
  • Jean Eric on 11 Nov 12
     
    This article talks about how the Americans are copping with the increase in gasoline to 3.50$ a galon. It states that all around America in New York for example, where nearly everyone uses public transport, the public transport has increase by 5. Even in the south west where driving is strongest public transport has reached its maximim capacity during rush hours. It also states that the US in having problems with upgrading and even sustaining public transport as faires only cover 1/3 of the cost and rely on government funding. the article also says that most americans are now buying smaller cars and driving less agressively to save fuel. So what this article is telling us is that the American economy is using the XED principle where the price of petrol has risen and therefore the demand for it has dropped, even thought its very inelastic, and the demand for public transport has risem.
Yingnan W

the time for the carbon tax - 4 views

blogs.redding.com/...time-for-a-carb.html

negative-externality supply

shared by Yingnan W on 04 Dec 12 - No Cached
  • Yingnan W on 04 Dec 12
     
    this article talks about if we are going to have carbon tax as the increasing of using resource such like fuel by the companies, and the companies made a lot of pollution, it give us a negative externality as a whole. all the people on earth has a bad effect by the pollution, increasing of the carbon is one of the thing companies made, in order to stop companies from keeping producing carbon, let's think about put the carbon tax.
  • Jean Eric on 10 Dec 12
     
    i really like this article as it focuses on the fact of global warming. Also its a new point of view to stop Global warming which could be very effective as they would raise alot of money, to use in the further research of non polutent enegery sources. What they havent realised in this article that Methan has a ration 20:1 to carbon in the field of damage causing global warming and although you dont think there is a lot of methane in the world there is. Every decomposing organic material releases methane and just think about all those decomposing plant matter at the bottom of dams with a huge accumulation of methan waiting to be released.
  • Jean Eric on 11 Dec 12
     
    i really like this article as it focuses on the fact of global warming. Also its a new point of view to stop Global warming which could be very effective as they would raise alot of money, to use in the further research of non polutent enegery sources. What they havent realised in this article that Methan has a ration 20:1 to carbon in the field of damage causing global warming and although you dont think there is a lot of methane in the world there is. Every decomposing organic material releases methane and just think about all those decomposing plant matter at the bottom of dams with a huge accumulation of methan waiting to be released.
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.
Mariya L

Emerging markets' growth slowing, HSBC PMI report says - 2 views

www.bbc.co.uk/...business-21682164

business_cycle world_economy emerging_markets economic_growth recovery

shared by Mariya L on 07 Mar 13 - No Cached
  • Mariya L on 07 Mar 13
     
    In this article the author talks about the slow down in the economic growth of 16 leading emerging markets. Earlier compare to the Eurozone countries, UK and the US, the economic growth of those 16 countries was far higher. After this short period of stagnation, the world economists ask whether the growth, which depends a lot on exports, will increase or not. It weather will "wobble along, buffeted by worries in the developed world"; or temporary stop and then "bring back the days of the strong growth". Right now, the world economy is in the state of the recovery, in the past it went through the recession that started in 2008 and the trough. The fall in indicators mostly stopped, and the economic health very slowly continues to recover from the past.
  • Andrzej Z on 07 Mar 13
     
    "The index covers 16 leading emerging markets, including India, Brazil and China, which all saw their rate of growth fall. Rates of economic growth in these countries have been far higher than in developed nations, often coming in at about 10% a year." I think that the author is trying to say that Brazil in China have the highest rates of economic growth and not UK and the US. The exports in these two countries are very important; China is the country which more products export in the world. Their economic growth is slowing because of the recession in the other counties where the consumption has decrease and the people try to save money so the imports of products from China is not so high as it would be in a period of economic growth in all the world. I think that only in few countries the economy started to recover from the recession, in most of the economies are in stagnation. This suggest us the probably the worst part of the recession is behind us and the economies will start to recover, however these fluctuations in economic activity do not follow a mechanical or predictable periodic pattern so we can´t be sure when the recovery will start.
Mariya L

In World Trade Data, Signs of a Slowdown - 0 views

www.nytimes.com/...-data-signs-of-a-slowdown.html

aggregate demand exports

shared by Mariya L on 19 Feb 13 - No Cached
  • Mariya L on 19 Feb 13
     
    In the article author describes the world trade between the countries - exports. Exports are one of the four components of GDP. In comparison to the 2011, the exports in 12 largest countries declined in 2012. Only US, China and Canada had an insignificant growth last year. Declining incomes are the main reason for low consumption, consumers keep purchasing less imports. Author also considers difference between exports in 2008 and 2012. German exports fell by three percent, while Indian exports were 50 percent higher. It is a huge difference, but if one remembers the reasons for changes in net exports from the chapter 14, it is not that serious. The last reason was the difference in inflation, i.e. "if inflation in the US were relatively higher than in Canada then US goods would be less competitive in Canada and may reduce the export revenues which the US earns from its exports to Canada. " Thus, looking at India and Germany this difference in growth is justified.
Jean Eric

U.S. trade deficit widens slightly on weak exports - 0 views

www.reuters.com/...-deficit-idUSBRE99N0LD20131024

shared by Jean Eric on 19 Nov 13 - No Cached
  • Jean Eric on 19 Nov 13
     
    This article represents the perfect example of how the balance accounts aren't equaling out! The article states that the the US debt has increased due to a decrease in exports. What this tells us is that the current account has decreased and therefore has further de-equalized the situation. Therefore as the article states the debt has grown by 0.4% to $38.8 billions dollars. Telling is us that the capital and current accounts arent balancing eachother
Saskia vK

Europe and US pledge to create world's biggest trading bloc - 2 views

www.telegraph.co.uk/...rlds-biggest-trading-bloc.html

Trading bloc Europe US

shared by Saskia vK on 28 Nov 13 - No Cached
  • Paul J on 28 Nov 13
     
    This is an excellent article from The Telegraph that sheds some light on the possible creation of the world's largest trading bloc. This bloc would include the removal of trade barriers between the U.S., Great Britain, and all of the E.U., and would be of incredible importance and power given that this new trade relationship could strengthen all nations involved in order to rival the growth of nations like China and India. 
  • Saskia vK on 02 Dec 13
     
    EU and US economies account for nearly half of the world's economic output and a third of global trade, meaning that a transatlantic free-trade bloc would hold great sway over emerging economic superpowers China, Brazil and India.
Paul J

Giant Foreign Currency Purchases Show China Still Manipulating Yuan - 0 views

blogs.wsj.com/...-china-still-manipulating-yuan

foreign currency currency purchasing political implications china currency

shared by Paul J on 16 Oct 13 - No Cached
  • Paul J on 16 Oct 13
     
    This article is an interesting one because it focuses on the political side of currency manipulation. It delves into how currency purchases can be used to put political pressure on a nation and to increase one's clout in the world as an economy to be reckoned with. The specific focus of this article is how china is using currency purchasing in order to have a political effect.  
Jean Eric

Gold price seen lower in 2013 as investors' demand drops: CPM - 0 views

articles.economictimes.indiatimes.com/...old-fabrication-gold-investors

economic growth'

shared by Jean Eric on 03 Apr 13 - No Cached
  • Jean Eric on 03 Apr 13
     
    I Found this article interesting because it relates the purchase of gold to the economic state/growth of the USA. The article states that gold companies are expecting a fall in the purchising/demand for gold due to the investors being insecure of their economic state and dont want to spend mone. This shows as that the US economy is weak because there hasnt been a fall in Gold demand since 2002, and therefore we can assumer that the only reason that the demand for gold now would drop is because of economic instability
  • Benjamin D on 06 Apr 13
     
    This article is very good as it talks about the insecurity felt by investors due to the poor economic condition. They have lost confidence because the economy at this moment is really unstable and anything could happen, in this case the demand for gold fell, something that is first happening in a long time, thus showing us how the economic crisis has affected even the biggest economic powers, such as the 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.
Mariya L

Micro irrigation answer to depleting ground water level: Sharad Pawar - 0 views

articles.economictimes.indiatimes.com/...-drip-and-sprinkler-irrigation

Scarcity

shared by Mariya L on 15 Sep 12 - No Cached
  • Mariya L on 15 Sep 12
     
    This summer I've been in India, and it's one of the reasons why I found this article interesting. The humidity level in India is incredible high, you easily can feel that when you are outside of the room that has conditioner. But despite the amount of humidity, Indian nation has that huge problem with water. I didn't see Indians using water too much, that's why it seems weird to me that Indians can have scarce of water. Thus after that article I noted how often we hear about water scarcity. Last year I heard about the disturbance of ecosystem of one of the rivers (because of the producing electricity) here in Idaho. So I think it is topic that we hear everyday, but most of us hear, but don't listen. I hope this little article will draw your attention to the water, as it did to me, and you will begin to think and care about scarcity of not only water, but scarce of other things that are habitual for us, that we don't even think that they might be finite.
Kyuhwan L

World Hunger: The Problem Left Behind - 0 views

www.nytimes.com/...left-behind-economic-view.html

opportunity cost corn crops drought production possibility curves scarcity

shared by Kyuhwan L on 17 Sep 12 - No Cached
  • Kyuhwan L on 17 Sep 12
     
    As the third major international crop, the price of corn rising is affecting the globe. As droughts plague the agriculture of African countries, the price of corn is surging, reminding us again that world hunger is still prevalent in the world today. The title of the article was eye-catching and reading it through "economic lens" really made it interesting. Droughts in Africa is affecting the agriculture of corn and making crops scarcer. In addition, price of fertilizers is two to four times more expensive in Africa, detrimentally affecting the region, which uses the most fertilizers. The opportunity cost of purchasing fertilizers is enormous as the money spent on fertilizers can be used for providing services for workers, better equipment or improving on infrastructures. Furthermore, farming technology is still quite primitive compares to North American standards and as a result the production possibility curves are smaller than other agricultural regions. This article was really interesting because it relates so closely with what we have learned so far, and it reminded me that world hunger is still very much present in our world.
Mariya L

Expo 2017: Kazakhstan Promotes "Green Bridge" Future Energy - 0 views

transatlantic-magazine.com/tes-green-bridge-future-energy

EXPO 2017 economic development Kazakhstan Astana economic growth

shared by Mariya L on 14 Jan 14 - No Cached
  • Mariya L on 14 Jan 14
     
    This article talks about an international event that will be held in Astana, Kazakhstan in 2017. Kazakhstan expects three to five millions of visitors. Such event will beneficially affect the economy of the country. It will not only result in an economic growth, but will possibly lead to a significant boost in economic development. The topic of the Expo 2017 is Future Energy. Such topic will lead to the development of the sustainable ways of using energy. Using sustainable ways in the first place for Kazakhstan would mean using approaches that will decrease the air pollution. Decrease in air pollution can be considered as an improvement of the quality of life and improvement of the welfare of country. In my opinion, Expo 2017 is a very important event for Kazakhstan as well as for the rest of the world. It will significantly impact the economy of Kazakhstan. Preparation part is one of the main stages of the Expo. It will create a lot of new jobs, due to constructions that will be held in Astana.
Mariya L

German Trade Balance Isn't About Hard Work - 0 views

www.slate.com/...eat_products_or_hard_work.html

Trade balance trade deficit Germany US international trade

shared by Mariya L on 17 Nov 13 - No Cached
  • Mariya L on 17 Nov 13
     
    This article talks about the trade surplus of Germany. According to one German worker's statement, Germans work hard to make all their exports. However, the data shows that Germany makes as much exports as the US, but it imports much less. Therefore, Germany has faced a surplus, while the US has a trade deficit. It has been suggested that Germany should decrease their surplus, not through decrease of the exports, but through increase in imports. Increase in exports from other countries would lead to improvement of the economies of other countries like Spain, France, etc.
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