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This article disclose a description of the situation about education in Asia. There are a lot of kids who want to get an English-language education in countries like USA or UK, but they would like to stay closer to their families, because not everybody can easily leave home and go to foreign country alone. Because of the high demand for schools that give international-level-education in English, there are more and more schools like that. But still I think supply of that type of education and schools is miserable, and that might be one of the reasons why the prices are so high. For example, in Kazakhstan we have a British school - Haileybury. It has an IB program as well as Riverstone International School does, the one that I go to. But! Riverstone is situated in Idaho, USA, and charges about $15,000 for one year of High School. Haileybury - aroung $32,000. The reason why I mentioned the location of Riverstone is because of the huge difference between being in US and Kazakhstan. Staying here in America helps to study English and understand cultural difference, being back in Kazakhstan, helps to stick to your family, but one will never fully undestand that international tone and go beyond certain level of English. Plus the prices are very different even if we would add tickets, insurance, etc, to go to America is even cheaper and has more benefits and positive sides. So in the conclusion, I just want to say that these type of schools is demanded by a lot of Asian (and not only Asian) students, but can be afforded only by affluent middle classes. Thus I hope there would be more supply of that type of schools, which led to competition between schools and cheaper prices (or our education system will change and we will have one standard system everywhere).

In this period of economic uncertainty around the globe, Britain is proposing a tax similar to other parts of the world, where taxes on the rich are placed. As the article has mentioned, this tax sounds great on paper, but history has proven that the plan needs some amendments. Taxing the rich sounds like a suitable idea for many, but troubles start to arise when the "non wealthy 'rich' people" are affected as well. Due to the rising house prices, even little house would be "considered mansions and whacked with heavy tax increases." Houses that cost 1 million pounds are considered mansions, but it is not uncommon due to the anomalies of the British house taxing system. As a result, a low, yet fair taxing system must be put to place to satisfy both sides of the party.

This is an article which states the drug is now under the price control of the government. But according to it, there would be non-price control for medicine/drug options as well. It also says that the task force will serve as a framework for the new drug pricing policy. Since the government thinks that price controlling system doesn't really work for this kind of product, the drug makes are really looking forward to the new pricing policy.

The government of India has decided to remove the price control that it had earlier set. They have come to the conclusion that having a price control will make the drug companies not sell non profitable products.

A trade group representing milk processors debuted an ad campaign Tuesday to eliminate New Deal-era federal price controls on unprocessed milk. The International Dairy Foods Association (IDFA) complains that the current price support system for dairy farmers dates back to 1937. Its ads call for "Big Government to get out of your milk." The main concern is that family with children are gradually paying more for milk hence the consumption of milk has dropped in the past years.

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.

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.

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

This article talks about a joint monetary policy bewteen the central banks of different countries to provide liquidity support to the financial system. This will ease of the strain in the financial markets of the world. These banks have agreed to lower the pricing on existing temporary US dollar liquidity swap arrangemnets by 50 basis points. As a contingency measure, these central banks have also agreed to establish temporary bilateral liquidity swap arrangements so that liquidity can be provided in each jurisdiction in any of their currencies should market conditions so warrant.

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.

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.

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.

This article talk about the supply elasticity and try to answer the question: "Should scarce resources go to those who are willing and able to pay the most for them, or should they go to those who manage to get in line soonest?" It explain us that the mayor part of oil is going to the military use because the priority is to win the war, and civilians are making due with a fixed supply. With the hurricane the good where supply is inelastic is probably hotel rooms because they can build more hotels and rooms it is impossible. The hotels will increase the price because the demand for the hotel room is increasing, as a result there will be a movement along the demand curve. It try to explain that there should be a fixed price for the emergency products because with the huracane the transport is more difficult and the prices rises. That results in an overall more brittle system in which local supplies aren't very resilient to disruptions in transportation.

Slovakia will miss their budget target this year as the GDP Growth has slowed down. They have been hurt from slowing demand from their western peers because slovakia is a high exporting country. The expected growth has dropped to 0.9 from 1.4. This article shows us how important it is to have a balance import and export trade system with other nations. Due to the lack of demand in exports from the western part of the world, slovakia is struggling with economic growth.

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.

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.

This article talks about how the government is trying to Real GDP of the country by lowering the taxes on exporting oil prices. By doing this the governmnet has enevitably increased the Real GDP because siince the oil firms FOP cost less they can now supply more oil, also the price will rise from 42$ per barrel to 70$ per barrel meaning that the oil firms will even make more of a profit. Again since the taxes have decreased it will cause foreign investments in the oil industry of Argentina since they just discovered that Argentina is setting on one of the biggest oil deposits. so overall, the long term aggregate will shift to the right, an increase in the real GDp

Argentina has devised a new system of export taxes on oil shipments that will cut taxes, as the government seeks to encourage investments to revive production. The change means energy companies will receive $70 per barrel of exported oil, up from $42 previously. Argentina controls the price of oil exports in order to guarantee domestic supply. The reform means that the state will only retain the difference between the market prices, meaning increased revenue for oil companies that export crude. The long run aggregate supply is expected to shift the right, an increase in the real GDP.

This article indicates how economists measure demand and supply changes in prices or income. It also points out two extreme cases where the price will get the extreme values. They are Perfectly price elastic and Perfectly price inelastic. I think these are pretty interesting informations that we can go further in order to understand more about economics and its systems.

According to this articles, which indicates pretty clearly what is Price mechanism. The author shows the facts of petrol price: How it relates to economics and has the influence by the systems; and also shows why petroleum differ from other products.

The 2.2 trillion infrastructure bill in Thailand has been passed by the House of Representatives and the Senate and is waiting to be submitted for royal endorsement as soon as the Constitutional Court rules on its legality. If passed, the mega-project will improve Thailand's transport infrastructure, which includes high-speed trains and double-track railways. This development is a part of a physical capital factor, whereby the government aims to improve the social capital that is shared among the people in Thailand. Improved in transport will improve the welfare of not only the capital part of the city, but also the rural part of the city. This will ease the transport system of goods across the country and will create employment. Moreover, it can also promotes tourism.

This is an article of interest because it hits on a variety of things that we have and are continuing to study: import tariffs, the WTO, global trading in general, and the effects that each nation's actions have on one another.

This article raises awerness of the potencial risks that protectionism polices, import tariffs in this case, might have on the economy. If the WTO talks fail and Ukraine increases import tariffs it could have huge consequences with its trading partners as the local firms of the trading partners will suffer heavy losses, potencially leading to that specific export sector closing, which in time would effect the economic growth of the exporting country/countries. That is why there always has to be a balance with protectionism policies, iit must both benefit the importer and exporter