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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.  
Paul J

Economic development mission to Japan, South Korea - 0 views

www.wafb.com/...on-to-japan-south-korea-taiwan

economic development japan south korea taiwan U.S. international commerce international economic development partnership partnership

shared by Paul J on 08 Jan 14 - No Cached
  • Paul J on 08 Jan 14
     
    This article is a great one that suits this week's topic of economic development perfectly, because it includes both the financial information about the goals and reasons for the development trip, but it also exposes us to the political side of the development scene, as the truth of the matter is that many such deals depend upon political partnership as well.
Caitlyn S

Ending the Oceans' 'Tragedy of the Commons' - 0 views

www.sciencedaily.com/...100914095930.htm

ocean- crisis -tragedy of the commons

shared by Caitlyn S on 11 Jan 13 - No Cached
  • Mariya L on 11 Jan 13
     
    Oceans are one of the Commons, and as any other commons, it becomes overconsumed. Fishers all around the world keep devastating populations of the fish. To prevent overfishing, pollution and other human impacts, leading international marine scientists are proposing radical changes in the governance of the world's oceans. They carried an experiment in Chilie, and based on it, scientists state that they would be able to help to reverse "the tragedy of the commons". Problems in Chilie made people be open to new arrangements, scientists and fishers began working together to improve the situation with fish. By working together for some years, scientists became able to reveal about fish stocks and and the surrounding marine ecosystem. The new laws gave exclusive ocean territories to local 'artisanal' fishers, and excluded the big industrial fishing fleets, which had their own exclusive fishing zone. Scientists and small fishers then worked together to understand and rebuild the shattered fish stocks in their zone, leading to a shared vision and voluntary agreements on how to manage them.
  • ...2 more comments...
  • Benjamin D on 17 Jan 13
     
    This article talks about an experiment made in Chile. The use given to our oceans are no good, the article encourages huge changes in the governance of world's ocean to save them from pollution, over-fishing and other impacts made by the humans. All of these factors affect the marine ecosystem in a drastic way, now the levels of fish are decreasing as it says in the article "There was a general recognition that Chile's fish stocks were in trouble," says Professor Carl Folke. This has led to some fisheries to collapse leading the Chilean government for being responsible to take actions.This serves as an example of what's happening in the world today and for facin this problem he suggests that "You need a shared recognition that something has to be done, you need a good understanding of the marine ecosystem and how to regenerate it, you need a strong rapport between scientists and fishers, and you need a political moment when sweeping changes can be brought in." This problem needs to be faced responsibly otherwise there will be almost no fish stocks in the future, treating our commons well is important for us humans as this affects goods that are importand for living.
  • Caitlyn S on 18 Jan 13
     
    Leading international marine scientists are proposing radical changes in the governance of the world's oceans to save them from overfishing, pollution and other human impacts. "Marine ecosystems are in decline around the world. New transformational changes in governance are urgently required to cope with overfishing, pollution, global changes, and other drivers of degradation. Fishers and scientists had been working together on the problem for some years, trialling new co-operative models for fishery management, based on that science can reveal about the state of the fish stock and the surrounding marine ecosystem." The result is a national system of marine tenure that allocates user rights and responsibilities to collectives of fishers. The research indicates the key to managing fisheries depend on creating agreements that are both voluntary and flexible enough to cope with changes in the ocean environment, leading to fisheries that are both ecologically and socially sustainable.
  • Jean Eric on 21 Jan 13
     
    I find this article particularl interesting because due to a political change in Chile, it has now effected the common resource tradegy of the Oceans. It has reduced the over fishing in Chile, which has let the fish start to regenerate. The research has found out that the key to managing the fisheries depends on making decisions flexible enough to cope with the changes that the ocean goes through.
  • Jean Eric on 21 Jan 13
     
    I find this article particularl interesting because due to a political change in Chile, it has now effected the common resource tradegy of the Oceans. It has reduced the over fishing in Chile, which has let the fish start to regenerate. The research has found out that the key to managing the fisheries depends on making decisions flexible enough to cope with the changes that the ocean goes through.
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.
Tisha D

Tea Party Movement - 0 views

www.nytimes.com/...15poll.html

economics and politics health benefits tax tea party Republicans

shared by Tisha D on 06 Feb 13 - No Cached
  • Tisha D on 06 Feb 13
     
    This article is about the Tea Party supporters who sprang into action in the United States last year. They demand to block the democratic agenda on the economy and also the environment and health care. Tea Party supporters are Republicans and believe President Obama and the Democrats to be 'far too liberal'. These supporters are strongly backed up by Republican politicians, Sarah Palin in particular. One of the major issues that the tea party argues is the misuse of economic resources in health care. They feel that all the health care opportunities are targeted towards the poor section of the country, not the middle or rich class. However since the latter are tax payers, the health benefits should be more focused on them. Thus in this situation a political party has a direct influence on the economic policies taken in a country.
Jina K

Thai Baht, Bonds Fall This Week on Amnesty Bill, Current Account - 1 views

www.businessweek.com/...n-amnesty-bill-current-account

Value of Currency

shared by Jina K on 06 Nov 13 - No Cached
  • Jina K on 06 Nov 13
     
    Thai Baht has depreciated 0.6 percent to 31.305 per dollar in the previous weeks. This was the baht's weakest week in a month. This has been due to the recent political protests against the amnesty bill. Foreigners have been cutting holdings of the nation's assets in fear of instability. This shows how a demand for a currency can decrease due several factors, including political unrests. As foreigners fear that the nation future in terms of its economic performance is not stable, the demand for Thai baht decreased. People are more reluctant to invest as they fear the political unrests could lead to a fall in value for the assets.
Mariya L

Immigrants as negative externalities - 0 views

modeledbehavior.com/...ants-as-negative-externalities

externality immigrants

shared by Mariya L on 03 Dec 12 - No Cached
  • Mariya L on 03 Dec 12
     
    In this article author talks about the economical influence of immigrant, the burden they bring to the taxpayers and the way one of the leading economists Gordon Haston proposes to solve that problem. So the Haston's idea is to impose taxes on employer for hiring immigrants, thus burden would be on employers and it would ease up the political opposition for immigration, and regular people's taxes will be lower. But in this way the employment of low-skilled immigrants is generating an externality, and that the employer who make up one side of these exchanges are not internalizing the cost of this externality. So the question is who's supposed to pay for immigrants? That question causes the huge discussions in political life of countries, especially this year during the election in US. A lot of people were arguing whether they choose Barack Obama who helps poor people, or to decrease the amount of money they get and choose Romney. It's an important question for any family that pays tax, so I choose that article.
Tran H

The danger of profligacy - 0 views

www.economist.com/...policy-and-political-stability

inflation

shared by Tran H on 16 Mar 13 - No Cached
  • Tran H on 16 Mar 13
     
    In the article, the author discusses about US government fiscal policy, which has been carrying might be very dangerous because it would cause inflation increasing, even though it did make the unemployment rate fall. The author also talks about Paul Ryan and Irwin arguments. However, if we had runaway inflation, we'd have political pressure in the opposite direction and overcorrection and deflation should be some things that bother governors as well.
Andrzej Z

Spanish PM: Countries should take appropriate measures to deal with crisis - 0 views

www.laprensasa.com/...sures-to-deal-with-crisis.html

worldwide economic-politics economic policies

shared by Andrzej Z on 01 Feb 13 - No Cached
  • Andrzej Z on 01 Feb 13
     
    I found a similar article today in a Spanish newspaper and I decided to blog it in bookmark because it is about economics and politics. So I looked for the same article in English and here it is. It is very interesting because it is short, concrete and very actual. It is about Mariano Rajoy, talking about the recession. He thinks that is very important to be united, coordinated and that Countries that can afford stimulus policies should implement them, while other nations should focus on reducing their budget deficits. Also he said that is very important that the Latin countries must avoid protectionist policies. I wonder how the conference in Santiago will end because they will determine the future economic policies.
Tisha D

Kids go Hungry due to Political Unrest - 0 views

www.nytimes.com/...s-global-food-prices-rise.html

supply food rationing hunger

shared by Tisha D on 12 Oct 12 - No Cached
  • Tisha D on 12 Oct 12
     
    Following the recent government unrest in Yemen, the presence of terrorist groups in the country and the ongoing economic crisis the country is facing serious issues with food and hunger. The country depends solely on imported food due to the unavailability of arable land, but due to the lack of funds the government is not able to do so. The country is already in a weak state due to the fall of the government and presence of Al- Qaeda occupied regions in the country. The country has also been hitten hard by the global increase in fuel and food prices Due to the excessively high prices 5 million people or 22% of the population that mainly consists of the poor economic section cannot feed themselves enough or go hungry to bed on most nights. Yemen is the third country in the world to have the largest number of malnourished children. Most of these kid's parents are landless labours, so they cannot grow their own food and because of the high prices, they cannot afford to buy it either.
JaJa C

Tragedy of the Commons - 0 views

www.theatlantic.com/...257549

tragedy of the commons

shared by JaJa C on 17 Jan 13 - No Cached
  • JaJa C on 17 Jan 13
     
    "One thing that Hardin overlooked is that the political process often replicates the same economic dynamic that encourages the tragedy of the commons" I found this quote in this article, i think it's true! The government should make the serious law to limit people how much they can use and if this way doesn't work they should try another way, not just keep doing it without anything getting better. However we all should help this out together by start from ourself, i mean we should think about others that they want to use it too, not just think about our benefit. If we keep doing this we might get rid of 'Tragedy of the Commons'
Saskia vK

Obama announces education help for unemployed - 0 views

articles.cnn.com/...nt-education-unemployed-person

unenployment

shared by Saskia vK on 22 Mar 13 - No Cached
  • Saskia vK on 22 Mar 13
     
    President Obama announced new steps to help unemployed Americans on Friday, targeting people who are out of work and want to go back to school. The president outlined a plan under which the Department of Education will send colleges legal guidance, encouraging them to increase financial aid packages for the unemployed so they can enroll in educational and training programs while keeping their unemployment benefits.
JaJa C

The Five Highest Tax States for the Highest Earners - 0 views

www.cnbc.com/100424517

price tax economics and politics

shared by JaJa C on 04 Feb 13 - No Cached
  • JaJa C on 04 Feb 13
     
    Sometimes, i think the taxes are too high for some state like New York and California. You have to pay 40% of your income tax, which is I think it too much. I understand why the government did that, but think about it, 40% is almost half of your income! May be I came from the country that equal just one state of America, but more people. So that's why I don't have to pay tax that much since the division is larger. According to what we've learned, I think the government should put high tax on the bad goods for every states instead of put 40% tax on people's income.
Benjamin D

Spain unveils new tax hikes, spending cuts - 0 views

www.cbc.ca/...spain-austerity-plans.html

'economics and politics'

shared by Benjamin D on 04 Feb 13 - No Cached
  • Benjamin D on 04 Feb 13
     
    This article talks about the situation in Spain, the government is imposing a new plan for its budget, they unveiled taxes hikes and spending cuts that aims at shaving €65 billion off the state budget in aperiod of two and a half years. Some of the cuts will be on subsidies for miners which has caused a lot of protests. The president of Spain says that the situation that they're living now will determine Spain's future. The measurtes taken include a wage cut for civil servants and members of the national parliament and a new wave of closures at state-owned companies. Spain will also speed up a gradual increase in the retirement age from 65 to 67.
Jean Eric

What's Worse: High Unemployment or Inflation? - 0 views

business.time.com/...high-unemployment-or-inflation

economics and politics

shared by Jean Eric on 05 Feb 13 - No Cached
  • Jean Eric on 05 Feb 13
     
    Article basically discusses whether unemployment or inflation is worse. The overall message i get is that unmeployment is worse for many more reasons that inflation. one of them would be that if parents have no money to spend on the colleges of their children then they wont get a very good education, and as those children are the future of their economy then the work force would be lower than usual which has no upside to it. Where as inflation has positive sides like housing prices raise, debt becomes more manageable, wages increase etc, so since unemployment has no upside it would be more economical to prevent unemployment than prevent inflation.
Andrzej Z

Korea Per-Capita GNI Hits Record High in 2012 - 2 views

english.chosun.com/...2013012900991.html

worldwide economics politics money GNI macroeconomic-activity

shared by Andrzej Z on 07 Feb 13 - No Cached
  • Andrzej Z on 07 Feb 13
     
    I like this article because it is very short and it is related to the topic of this week. It is about the GNI in Korea. The GNI is the growth of the national income, consists of: the personal consumption expenditure, the gross private investment, the government consumption expenditures, the net income from assets abroad (net income receipts), and the gross exports of goods and services, after deducting two components: the gross imports of goods and services, and the indirect business taxes. The GNI is similar to the gross national product (GNP), except that in measuring the GNP one does not deduct the indirect business taxes. The GNI of Korea has experimented a very high grow this year, it is almost the double of the GNI from the year 2002. The nominal GNI from the last year was $118.7 billion, this information is based on the assumption that the country's nominal GDP expanded by 3.2 percent.
Kyuhwan L

Canada's economy lost 21,900 jobs last month - 4 views

www.cp24.com/...-900-jobs-last-month-1.1148381

job loss Economic growth exports imports government politics

shared by Kyuhwan L on 09 Feb 13 - No Cached
  • Kyuhwan L on 09 Feb 13
     
    Canada's economy seems to have taken a hit as housing, jobs and exports fell. First there was a 21,900 jobs loss in January plus a 58,000 decrease in Canadians looking for work. In addition, exports fell 2.1%, exports to the US alone dropped, 4 points and imports fell as well. Furthermore a 19% reduction in the housing industry topped Canada's misfortune these past 2 months. Many Canadians are questioning the actions of the conservative government as economic growth is slowing to a crawl.
  • Andrzej Z on 15 Feb 13
     
    I think that you have chosen a very nice and interesting article because it's related to our actual topics. Is a good example about the importance of the exchange rates in the exports. If a country's exchange rate becomes stronger, then this makes the country's exports relatively more expensive to foreigners. According to the law of demand, this will cause the quantity of exports to fall. Another think to highlight is the increase of the unemployment rate, this will probably decrease the consumption because However, if people expect economic conditions to worsen then they are likely to reduce their consumption today in order to save for the future. In brief i think that it's a great article to talk about the aggregated demand, macroeconomic and the monetary policies.
  • Jean Eric on 16 Feb 13
     
    I find this article particularly interesting because i never knew that Canada was suffering so much from the recession. Since it states in the article that 21,900 jobs were lost means that the household cinsumption must be very low a resulting in a low agregate demand, and since the agregate demand is low firms gain less proffit and therefore have to cut costs which in this case would be workers.
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.
Mariya L

http://www.economist.com/news/business/21570756-will-obamacare-spur-firms-drop-workers-... - 0 views

The insured and the unsure

politics-economics health-care law

shared by Mariya L on 03 Feb 13 - No Cached
  • Mariya L on 03 Feb 13
     
    Barack Obama promised to his voters to shake up a medical care system, i.e. his new law will no longer let insurance companies to refuse to cover an individual because he is not healthy, or to charge him an exorbitant fee. That new policy will lead to a great change in the decision-making of the employers. Firstful, today it is more benificial for employers to not provide medical care, and just to increase wages. If during the days of the WW II it was easier to provide health care instead of incresing the wages, because of the lower prices for insurance, but during last decade it became totally oppostie. But, Mr. Obama definitely doesn't want staff of the companies be dumped on his healthcare exchanges, so there is a fine of $2000 for each employe if there is more than 50 employees.
Seyeon O

Senate to vote on suspending debt limit - MarketWatch - 0 views

www.marketwatch.com/...spending-debt-limit-2013-01-31

politics senate

shared by Seyeon O on 03 Feb 13 - No Cached
  • Seyeon O on 03 Feb 13
     
    The Senate votes on debt limit
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