Coal India,
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India Seeks Increase in Penalty on Coal India - WSJ.com - 2 views
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The government earlier this year directed Coal India to sign pacts with the utilities that became operational after April 2009,
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Kenya inflation slows to 12.2 pct in May | Reuters - 5 views
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This is a nice article that allows me to explain what inflation is and how Kenya has cost-push disinflation. I can easily show this in a diagram. What's more it also talks about monetary policy, so I can explain how the government has helped create this - the impact of interest rates on costs. There are also some really good evaluation opportunities, particularly as the article suggests the Kenyan government itself doesn't know what to do with interest rates. I can ignore exchange rates but instead focus on the possible impact on employment and general GDP growth, whilst not ignoring the ominous signs mentioned about future world commodity prices.
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BBC News - Federal Reserve to buy more debt to boost US economy - 0 views
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buy "additional agency mortgage-backed securities at a pace of $40bn (£25bn) per month".
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nterest rates in the US have been close to zero for several years now, and the Fed again kept them at below 0.25% on Thursday.
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quantitative easing
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"We doubt it will be enough to get the economy on the right track. It's only a matter of time before speculation begins as to when the Fed will raise its purchases from $40bn a month."
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the central bank buys bonds to keep the long-term cost of borrowing down.
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The unemployment rate in the US has been above 8% since January 2009, but the current 8.1% is down from the recent high of 10% in October 2009.
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US presidential election.
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Ben Bernanke also lowered the Fed's growth forecast for the US economy to 2% this year, down from the 2.4% it predicted in June
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"The committee is concerned that, without further policy accommodation, economic growth might not be strong enough to generate sustained improvement in labour market conditions,
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Federal Reserve to buy more debt to boost US economy
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Unemployment and Inflation Rise in Euro Zone - NYTimes.com - 0 views
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Unemployment
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inflation
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climbed
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10.7 percent from 10.6
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10.1 percent in January from 10.0
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24.3 million
Top 10 Economics Top 10 Lists - Top Ten | Swift Economics - 0 views
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REVE - Regulación Eólica con Vehículos Eléctricos - - 1 views
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Expo 2012 at Yeosu, South Korea.
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Offshore wind holds vast potential as a sustainable energy source for rapidly growing countries, such as South Korea with its substantial coastal areas.
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A solid foundation for Danish-Korean collaboration on wind energy has already been laid through Vestas’ long history and presence in South Korea and the strong government commitment to ensuring green growth in both Denmark and Korea.
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Both countries have clearly acknowledged that wind energy is a reliable and sustainable energy solution for the futur
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In Denmark, the government has set a goal of achieving 50 per cent of our electricity consumption from wind energy by 2020, and Korea is leading the way by systematically implementing policies required to spur Green Growth.
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We have installed more than 200 onshore wind power turbines in the country since 1998, and almost 70 per cent of installed wind power plants are currently using Vestas wind turbines.
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With our many years of experience in turning the wind into energy on land and on sea, Vestas will strive to partner with South Korea to reach their goal of building sustainable cities and ensuring future generations have a reliable source of energy
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So far, we have installed 581 offshore turbines, equalling 38 per cent of all such turbines in the world. In 2010 alone, we installed a total of 555 MW at the Robin Rigg, Thanet and Bligh Bank offshore wind farms, increasing our installed capacity to more than 1,400 MW.
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BBC News - Scottish minimum alcohol pricing passed by parliament - 1 views
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Scottish minimum alcohol pricing passed by parliament
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minimum drink pricing
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Under the plans, the cheapest bottle of wine would be £4.69 and a four-pack of lager would cost at least £3.52.
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Scottish Health Secretary Nicola Sturgeon said that, as drink had become cheaper, alcohol-related hospital admissions had quadrupled and half of prisoners said they were drunk when they committed offences.
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alcohol
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Labour said minimum pricing could generate profits of more than £125m for alcohol retailers
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A study into a 50p minimum alcohol price by Sheffield University said the policy would see a 5.5% cut in drinking - with harmful drinkers' consumption falling by more than 10%, compared with a 2.5% fall for moderate drinkers.
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BBC News - UK economy in double-dip recession - 1 views
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double-dip recession
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construction output
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economic output was slightly smaller now
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everything we can" to generate growth
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production industries decreased by 0.4%, construction decreased by 3%
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government spending
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25% in public sector housing and 24% in public non-housing and with a further 10% cuts to both anticipated for 2013
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guarded optimism
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little more aggressive in terms of recruitment and investment.
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BBC News - Energy committee attacks UK carbon price - 0 views
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reducing uncertainty and creating incentives for investment in low carbon electricity generation now, so we have lower emissions in the future,
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However the recession has significantly reduced industrial output - and so demand for credits to cover industrial emissions has also fallen.
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This can be explained to support why when an economy is in recession, it has a similar impact as minimum price has. In addition, this also has a negative affect on the government who has the benefit of minimum price since then they are able to collect the money. Therefore this reduces the intention of the government to set a minimum price since they would have less benefit when the economy is in a recession.
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Greek G.D.P. Fell 6.2 Percent in 2nd Quarter - NYTimes.com - 0 views
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Antonis Samaras, the conservative prime minister of Greece, is seeking to deliver further austerity measures to free up more of the rescue funds provided by the so-called troika — the International Monetary Fund, European Union and European Central Bank — as part of a 130 billion euro ($160 billion) loan program
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But many economists were skeptical that the heavily indebted Greek state can cut its way out of crippling recession.
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Officials in Athens agreed in March to cut the general government deficit to 7.3 percent of G.D.P. this year and to 4.6 percent