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BBC News - Australia cuts interest rates in a bid to boost growth - 0 views

www.bbc.co.uk/...business-18327769
shared by Yihan Li on 06 Jun 12 - No Cached
  • The bank cut its key rate to 3.5% from 3.75%.
    • Yihan Li
      Yihan Li on 07 Jun 12
       
      Australia's central bank cut its interest rate, which is a monetary policy. This is intended to increase consumption and investment, thus the aggregate demand   
  • At the same time, domestic demand has also been stagnant despite efforts to spur consumption.
  • At the same time, domestic demand has also been stagnant despite efforts to spur consumption.
  • ...14 more annotations...
  • At the same time, domestic demand has also been stagnant despite efforts to spur consumption.
  • At the same time, domestic demand has also been stagnant despite efforts to spur consumption.
    • Yihan Li
      Yihan Li on 07 Jun 12
       
      Both monetary and fiscal policies are used to stimulate the consumption, thus AD. However this has not worked. 
  • There have been concerns that Australia's resources-led boom may be hurt by falling demand due to a slowdown in global growth.
  • There have been concerns that Australia's resources-led boom may be hurt by falling demand due to a slowdown in global growth.
  • There have been concerns that Australia's resources-led boom may be hurt by falling demand due to a slowdown in global growth.
  • There have been concerns that Australia's resources-led boom may be hurt by falling demand due to a slowdown in global growth.
  • ere have been concerns that Australia's resources-led boom may be hurt by falling
  • ave been concerns that Australia's resources-led boom may be hurt by falling
  • There have been concerns that Australia's resources-led boom may be hurt by falling demand due to a slowdown in global growth.
    • Yihan Li
      Yihan Li on 07 Jun 12
       
      Main component of Australia's GDP growth was export of natural resources. Due to unstable international economy, foreign companies manufacture less good, so less Australia's resources will be demanded. Thus GDP growth slows down.
    • Yihan Li
      Yihan Li on 07 Jun 12
       
      AD-AS curves can be used 
  • In China, one of the biggest markets for Australian commodity exports, both the manufacturing and non-manufacturing sectors have seen the pace of growth slow in May, raising concerns about a slowdown in its economy.
    • Yihan Li
      Yihan Li on 07 Jun 12
       
      Since China is Australia's biggest exporter, stagnation of Chinese economy will reduce the export, thus AD
  • Meanwhile there have been fears about the recovery in the US economy losing its pace after it reported weaker-than-expected jobs data for May.
    • Yihan Li
      Yihan Li on 07 Jun 12
       
      Low consumer and business confidence, which may reduce consumption and investment 
  • However, there has been a slew of weak economic data that has come out since then.
  • accommodative stance
    • Yihan Li
      Yihan Li on 07 Jun 12
       
      accommodative stance = looser monetary policies
  • The country's housing market has seen prices fall and continues to remain subdued despite earlier cuts to the cost of borrowing
    • Yihan Li
      Yihan Li on 07 Jun 12
       
      House is most people's biggest asset. The decrease in its price will reduce people's disposable income, thus consumption and AD 
  • Yihan Li on 06 Jun 12
     
    Interest Rate and Macroeconomy  
28More

BBC News - China inflation rate dips to a 30-month low in July - 0 views

www.bbc.co.uk/...business-19189771
shared by Ayaka Matsumura on 24 Sep 12 - No Cached
  • inflation
  • Consumer
  • dips to a 30-month low
  • ...24 more annotations...
  • rose by 1.8%
  • down from a 2.2%
  • 3% rise
  • spur domestic consumption
  • domestic consumption
  • domestic consumption
  • many Asian economies
  • Rising consumer prices
  • China's economy grew at its slowest pace in three years in second quarter.
  • 18.7%
  • and 6.1%
  • key drivers of the slowdown in the rate of inflation.
  • China's economy grew at an annual rate of 7.6%
  • slowing global demand for its exports.
  • down from an 8.1% expansion
  • boost stimulus measures
  • world's second-largest economy may slow further
  • Beijing has taken various measures to spur growth.
  • the People's Bank of China, has cut its key interest rates twice since the start of June.
  • benchmark lending rate down to 6%
  • more money to lend to consumers and businesses
  • slowdown in the growth of consumer prices may see policymakers introduce further measures to boost growth
  • more room for policy easing
  • rate of inflation was "likely be below the official 4% percent target for the year, so the policy focus for the government can stay clearly on growth
  • Ayaka Matsumura on 24 Sep 12
     
    China's inflation dipped to a 30-month low in July, giving policymakers a bigger cushion to boost stimulus measures to spur economic growth. Consumer prices rose by 1.8% in July, from a year earlier. That was down from a 2.2% growth rate in June and a 3% rise in May.
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U.S. Growth Slows to 2.2%, Report Says - NYTimes.com - 1 views

www.nytimes.com/...s-to-2-2-rate-report-says.html
shared by Shoko Kuroda on 31 May 12 - No Cached
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      It clearly states that the increase in consumer confidence shifted the AD curve to the right and how this lead to the stable US GDP growth
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      can draw a graph describing the growth in GDP by a AD curve shift to the right
  • Business investment, which had been a bright spot, declined in the most recent quarter.
  • ...24 more annotations...
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Business investment is stated as another factor which contributed to the decrease in GDP growth 
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Explanation as to what is GDP, its definition and the major factors which influence GDP. GDP= C (consumption)+G (government spending) +I (investment) +(X-M) (exports- imports)
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Could give an insight to some statistics as to what the GDP growth rates are for few countries around the world 
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Evaluate on the two different perspectives and the extent to both are valid 
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      reducing unemployment is another factor which affects GDP. State and explain how employment increases GDP. When people are employed this increases consumer confidence and results in consumers to be more willing to pay for goods and services and therefore increases consumption which is a big part of GDP. 
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Explain the relationship between the GDP of other countries. Such in this time period, Greece as a country was going the path of becoming bankrupt. The Euro-crisis contracted the economy of many countries. When they have a smaller economy, they have less amount of exports and therefore this could have made the difference between exports and imports significant and influenced GDP. 
  • Government spending also fell
  • particularly large drop in military outlays.
  • Many economists pointed out that consumer spending, mostly on cars and other large items, seemed to have come at a cost. Consumer savings declined.
  • decline in business investment.
  • Businesses spent more on equipment and software but much less on infrastructure.
  • decline in investment in
  • construction related to mining, oil and gas
  • series of external shocks, like a spike in gas prices (this year’s was less severe and is already subsiding) and the Ja
  • panese earthquake.
  • where many countries are already in recession and where this week Britain announced that it had entered the dreaded “double dip.”
  • slowing of China’s breakneck
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Decline in business investment, infrastructures invest more money therefore bring a bigger influence on growth of GDP whereas equipment and software have little affect since it is not as expensive as building roads and buildings. 
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Investment on construction of mining, oil and gas is similar to business investment on infrastructure since they acquire a lot of money whereas spendings on factories and office buildings are not as expensive as construction related spending. 
  • Shipments of durable goods increased last month, but new orders showed the steepest drop since January 2009.
  • unemployment benefits have risen.
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Unemployment benefits have risen, indicating that since there is a population who dont have a job, the government has to afford them unemployment benefits which reduces GDP. 
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Natural hazards such as the Earthquake and Tsunami which hit Fukushima on March 11, reduced the exports of Japanese goods to foreign countries due to the news of radiation. Because of a decrease in demand for Japanese goods, this could have reduced imports for America and a smaller difference between exports and imports of goods. 
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Because China has such a global impact on the world's economy, the slowing growth of the Chinese economy could reduce consumption of goods, considering the fact that the prices of Chinese goods could increase. 
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BBC News - Thailand exports fall in April as global demand slows - 5 views

www.bbc.co.uk/...business-18203209
shared by Fuyuka Nakamura on 07 Jun 12 - No Cached
  • Thailand exports fall in April as global demand slows
    • Fuyuka Nakamura
      Fuyuka Nakamura on 07 Jun 12
       
      Article 2: Demand and Supply
  • falling demand
    • Fuyuka Nakamura
      Fuyuka Nakamura on 07 Jun 12
       
      There was a fall in demand of goods/services from Thailand, as demand from their main exporters (US/Europe) decreased.
  • exports
    • Fuyuka Nakamura
      Fuyuka Nakamura on 07 Jun 12
       
      One of the components of AD. Therefore, it will affect the Country's GDP as well.
  • ...9 more annotations...
  • Manufacturing and export sector are key contributors to Thailand's economic growth
    • Fuyuka Nakamura
      Fuyuka Nakamura on 07 Jun 12
       
      This explains that exports is a key component in the country's GDP. A decrease in export will affect the country's GDP heavily. (GDP decreases)
  • eurozone debt crisis
  • eurozone's ongoing problems will continue to drag
    • Fuyuka Nakamura
      Fuyuka Nakamura on 07 Jun 12
       
      Meaning demand will keep on decreasing in Europe/USA, decreasing the exports from Thailand even more.
  • foreign sales accounting for more than half of Thailand's gross domestic product
    • Fuyuka Nakamura
      Fuyuka Nakamura on 07 Jun 12
       
      Represent how exports are more important than consumption/any other factors in determining GDP in Thailand.
  • on Thai
    • Fuyuka Nakamura
      Fuyuka Nakamura on 07 Jun 12
       
      Graph: D shifts down. QD and QP decreases for particular manufactured good. Graph 2: AD shifts down, shrinking the economy.
  • Excessive flooding last last year caused damage to factories and businesses, hurting production
    • Fuyuka Nakamura
      Fuyuka Nakamura on 07 Jun 12
       
      Another reason to why their economic growth is slumping. This will result from a shift in the supply curve.
  • economic problems
  • boosting domestic consumption
    • Fuyuka Nakamura
      Fuyuka Nakamura on 07 Jun 12
       
      A key component in AD/ GDP. By increasing consumption, AD and GDP will increase, boosting the economic growth.
    • Fuyuka Nakamura
      Fuyuka Nakamura on 07 Jun 12
       
      Graph: Rise in AD, real GDP increase.
  • Thailand
    • Fuyuka Nakamura
      Fuyuka Nakamura on 08 Jun 12
       
      Will this Article count as Macro?
22More

Falling Oil Prices Are No Mystery - Businessweek - 1 views

www.businessweek.com/...ling-oil-prices-are-no-mystery
shared by Derek Schwung on 05 Jun 12 - No Cached
    • Derek Schwung
      Derek Schwung on 05 Jun 12
       
      Microeconomics - Supply and Demand
    • Derek Schwung
      Derek Schwung on 05 Jun 12
       
      Current Prices 
  • $97 a barrel and West Texas Intermediate hitting $83.
  • ...18 more annotations...
  • producing more oil than it’s consuming,
    • Derek Schwung
      Derek Schwung on 05 Jun 12
       
      Excess Supply - cause 
  • Global oil consumption has been declining since the end of 2011, falling to 88.5 million barrels per day at the end of April, from 90.4 million barrels per day in late December 2011
    • Derek Schwung
      Derek Schwung on 05 Jun 12
       
      Oil consumption is falling - less demand 
  • 10 percent increase in production from OPEC during the past 12 months.
    • Derek Schwung
      Derek Schwung on 05 Jun 12
       
      An outward shift in supply
    • Derek Schwung
      Derek Schwung on 05 Jun 12
       
      Resulting of new drilling techniques and finds 
  • , driven by new finds and drilling
  • a 15-year low—a result of economic weakness and increased energy efficiency.
    • Derek Schwung
      Derek Schwung on 05 Jun 12
       
      Demand is low because of economic weakness and increase energy efficiency 
  • The price declines
    • Derek Schwung
      Derek Schwung on 05 Jun 12
       
      Decrease in price to reach equilibrium? 
  • bets that the price will rise
    • Derek Schwung
      Derek Schwung on 05 Jun 12
       
      Price will rise in future 
  • , will fall to $90 a barrel by September, and that West Texas Intermediate should fall to $80.
    • Derek Schwung
      Derek Schwung on 05 Jun 12
       
      Prediction for near future 
  • ince two-thirds of the price of gasoline is determined by the price of oil, that should continue to lower prices at the pump. At the end of May, the average price of a gallon of gasoline in the U.S. was $3.66, 12¢ lower than it was a year ago
    • Derek Schwung
      Derek Schwung on 05 Jun 12
       
      Gasoline should also decrease in price Happier consumers 
    • Derek Schwung
      Derek Schwung on 06 Jun 12
       
      This is the article for my IA 1
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Japan tax hikes can't wait - Chicago Tribune - 0 views

articles.chicagotribune.com/...2_1_oecd-tomasz-janowski-japan
shared by Sean Dolan on 06 Jun 12 - No Cached
  • target of 1 percent
    • Sean Dolan
      Sean Dolan on 06 Jun 12
       
      most countries aim at around 3. Japan needs to get out of inflation so 1 is good enough
    • Sean Dolan
      Sean Dolan on 06 Jun 12
       
      most countries aim at around 3. Japan needs to get out of inflation so 1 is good enough
  • zero rate
    • Sean Dolan
      Sean Dolan on 06 Jun 12
       
      more investments because the interest rate or discount rate is zero. so increase in consumption. GDP increase if all goes well
  • budget deficits projected at about 10 percent
  • ...4 more annotations...
  • 10 percent
    • Sean Dolan
      Sean Dolan on 06 Jun 12
       
      ad valorem
  • deflation
    • Sean Dolan
      Sean Dolan on 06 Jun 12
       
      the deflation decreased consumption and investments because people will wait for the price to decrease then buy it at a higher price
  • exports
    • Sean Dolan
      Sean Dolan on 06 Jun 12
       
      x will increase because it decreased drastically last year
  • energy shortages
    • Sean Dolan
      Sean Dolan on 06 Jun 12
       
      decrease in supply of electricity. So electric companies are increasing the price of electricity
4More

Japan can halve national, local gov't budget deficits in FY 2015: Cabinet Off... - 0 views

mainichi.jp/...20120830p2a00m0na009000c.html
shared by Edward Pearson on 23 Sep 12 - No Cached
  • ady set to rise to 8 percent in 2014 and then to 10 percent in 2015.
  • set to rise to 8 percent in 2014 and then to 10 percent in 2015.
  • The Cabinet Office then estimates that reductions in government spending, coupled with the consumption tax increase, will drastically improve Japan's fiscal condition.
  • Edward Pearson on 23 Sep 12
     
    Japan is likely to achieve its goal of halving the ratio of national and local government budget deficits to Japan's nominal gross domestic product (GDP) in fiscal 2015 from 2010 levels, according to a final draft of the Cabinet Office's mid- and long-term estimates.
9More

BBC News - Yen dips as Yoshihiko Noda proposes snap elections - 0 views

www.bbc.co.uk/...business-20335142
shared by Yuuji Mitsuta on 20 Nov 12 - No Cached
  • It fell as low as 80.83 yen
    • Yuuji Mitsuta
      Yuuji Mitsuta on 20 Nov 12
       
      Depreciation
  • print "unlimited yen" to help fight deflation.
  • Analysts said such a move would weaken the yen even further.
  • ...5 more annotations...
  • We are expecting the dollar/yen to head up to around 82 yen by the end of the year."
  • Meanwhile, policymakers have found it increasingly tough to boost domestic consumption, as they continue to fight deflation or falling consumer prices, which tend to make customers put off their purchases in hope of a better deal down the road.
  • needed to set an inflation target of 3% instead of its current 1% goal to help revive growth in the economy.
  • monetary policy would be key
  • Japan's exports, one of the biggest drivers of growth, have been hurt by a slowdown in key markets such as the US and Europe.
3More

BBC News - Drop in Scottish alcohol sales 'due to multi-buy ban' - 2 views

www.bbc.co.uk/...uk-scotland-22598494
shared by mariashishi on 31 May 13 - No Cached
  • minimum unit pricing
  • fallen by 2.6% in the year since multi-buy promotions were banned
  • cut in sales, alcohol consumption remained high and alcohol was still sold at low prices
8More

Northern Ireland's new five-pence carrier bag tax (BBC News UK) - 3 views

www.bbc.co.uk/...uk-northern-ireland-22047872 northern ireland plastic bag taxes Negative externalities supply
shared by senkoffa on 02 Jun 13 - No Cached
  • Retailers must now charge shoppers at least five pence for each new single-use carrier bag.
  • The department hopes to see an 80% reduction in the use of carrier bags as a result of the levy.
    • senkoffa
      senkoffa on 02 Jun 13
       
      The goal is to reduce the consumption in plastic bag usage in supermarkets and stores
  • "If we have a wonderful, clean and green country in the north of Ireland, let's protect it," he added. "I think most people will see the benefit of this and most people will embrace this new proposal."
    • senkoffa
      senkoffa on 02 Jun 13
       
      Negative Externalities; Plastic bag will lead to pollution and possible damage to wildlife
  • ...3 more annotations...
  • realised that plastic bags and single use bags were a "threat to our environment".
  • "Although there's been a lot of communication about this there seem to be a few consumers out there not quite ready for it yet.
  • "What we're really talking about here is a culture change and for that to happen it's going to take quite a while to embed, all we're asking for is a bit of patience."
5More

Smokers feel the pinch as France raises taxes (France 24 France) - 0 views

www.france24.com/...ent-debt-beer-economy-hollande smokers taxes france cigarette Demand & Supply externalities market failure
shared by senkoffa on 02 Jun 13 - No Cached
  • French smokers began paying 6.5% to 10% more for tobacco, as an unpopular price rise went into effect
  • It is not clear whether this price hike will finally push French smokers to quit, as France’s 2008 full smoking ban failed to reduce the number of smokers. The number of 18 to 75-years-olds smokers actually increased by 2 points between 2005 and 2012 to near 30% of the population.
  • French anti-tobacco groups said 40 cents per pack was a modest price hike that would not encourage smokers to stub it out in significant numbers.
  • ...2 more annotations...
  • “A slow and incremental increase, like we’ve seen in the previous five years, has very little effect on consumption,”
  • The last significant drop in the number of daily smokers in France - 27% fewer from 2002 to 2004 – was prompted by a significant price rise in 2003.
2More

OPEC Boosts Supply to Six-Month High; Demand Forecast Stable - Bloomberg - 0 views

www.bloomberg.com/...-keeps-demand-view-stable.html forecast bloomberg
shared by Lucas Hagedorn on 12 Jun 13 - No Cached
  • OPEC increased production by 106,000 barrels a day to 30.57 million a day
  • Consumption climbs at the end of the second quarter becaus
14More

U.K. House Prices Rose on Supply Shortage, Nationwide Says - Bloomberg - 1 views

www.bloomberg.com/...-shortage-nationwide-says.html
shared by Ryo Sakai on 31 May 12 - No Cached
  • lack of homes for sale supported values
    • Faizal Zubir
      Faizal Zubir on 31 May 12
       
      The factor causing the increase in house prices.
  • Prices gained 0.3 percent from April, when they fell by the same amount
    • Faizal Zubir
      Faizal Zubir on 31 May 12
       
      In a supply-demand graph, the percentage can be put.
  • Demand for homes remains subdued on the back of weak labor-market conditions, but the lack of homes coming onto the market is providing support for prices,
    • Faizal Zubir
      Faizal Zubir on 31 May 12
       
      Reasons as to why demand for houses is still weak, and again, the lack of supply.
  • ...4 more annotations...
  • rising unemployment and concerns about the euro-area debt crisis undermine consumer confidence
    • Faizal Zubir
      Faizal Zubir on 31 May 12
       
      The housing market heavily depends on the current economic situation.
  • “Even though optimism about how the economy will perform” has improved, “it is still significantly down on where it was this time last year.”
    • Faizal Zubir
      Faizal Zubir on 31 May 12
       
      A possible evaluation about the consumer confidence. Although the stats/index suggests that consumer confidence is improving, it doesn't mean the economy is fully recovered.
  • consumer confidence rose in May for the first time in four months as Britons became more optimistic about the economy.
    • Ryo Sakai
      Ryo Sakai on 01 Jun 12
       
      Consumer confidence rose, which most likely means there will be an increase in consumption, which will grow the economy. 
  • the number of U.K. mortgage approvals climbed in April, they remained about half the monthly average in the decade to 2007 before the financial crisis struck.
    • Ryo Sakai
      Ryo Sakai on 01 Jun 12
       
      Shows they still haven't recovered, even though they are getting close.
14More

BBC News - Japan retail sales and household spending continues in April - 2 views

www.bbc.co.uk/...business-18246288
shared by Yayoi Tanikawa on 31 May 12 - No Cached
  • sales and household spending continues in April Japan has been trying to boost domestic demand to sustain its economic growth Continue reading the main story Related Stories Sales tax hike is a bitter pill
  • continues
  • sales
  • ...10 more annotations...
  • Retail sales climbed by 5.8% from a year earlier, while household spending rose by 2.6%.
  • Policymakers have been trying to boost domestic sales to offset weaker exports.
  • pan has been trying to boost domestic demand to sust
  • Car subsidies
  • t consumer sentiment was also improving
    • Yayoi Tanikawa
      Yayoi Tanikawa on 01 Jun 12
       
      if consumer sentiment improves, they will be more willing to consume, therefore increasing AD
  • Last year people didn't travel much after the earthquake, but this year we see people willing to spend more money on vacations
  • actually 0.3% lower in April than they were in Marc
  • retail sales were
  • rate of unemployment ticked slightly higher in April, hitting 4.6% compared with 4.5% in March.
  • "We would need to see an increase in salaries for consumption to improve further,
9More

Europe's (olive) oil crisis - CNN.com - 5 views

edition.cnn.com/...index.html
shared by Yuuji Mitsuta on 31 May 12 - No Cached
    • Yuuji Mitsuta
      Yuuji Mitsuta on 31 May 12
       
      Demand has decreased due to economic crisis
    • Yuuji Mitsuta
      Yuuji Mitsuta on 31 May 12
       
      EU intervention to reduce surplus of olive oil and incomes in rural areas of spain
  • plunged to a 10-year low as domestic consumption in the top producing southern European countries has fallen because of the economic crisis
    • Yuuji Mitsuta
      Yuuji Mitsuta on 31 May 12
       
      Demand has decreased due to economic crisis
  • ...3 more annotations...
  • price of premium-quality extra virgin olive oil in the wholesale market fell this month to $2,900 a tonne,
    • Yuuji Mitsuta
      Yuuji Mitsuta on 31 May 12
       
      Decrease in price due to decrease in demand
  • suffering from strong competition from cheaper varieties of vegetable oil.
    • Yuuji Mitsuta
      Yuuji Mitsuta on 31 May 12
       
      Substitute goods present, so has a higher PED. has lower demand compared to vegetable oil
  • This crop is vital for the main producing countries in terms of maintaining employment in their rural areas
15More

Fat tax: Denmark's fat tax strikes again | GlobalPost - 1 views

www.globalpost.com/...-denmark-fat-tax-strikes-again denmark fat tax government
shared by Christian Bager on 01 Jun 12 - No Cached
  • Denmark first slapped a fat tax on saturated fats. Now lawmakers plan to hit sugar, and even chocolate consumption, in the second wave of its pioneering assault on the country's bulging waistlines and clogged arteries.
    • Christian Bager
      Christian Bager on 01 Jun 12
       
      The attempts of government intervention to change the demand of fat in the past and what the government is attempting to repeat now, in order to change the demand of sugar and chocolate. This will also change the supply of the goods, since the tax will hit the producer as well.
  • Denmark will levy an extra six Danish Kroner ($1.05) on every kilogram of chocolate. The tax would go into effect on January 1.
    • Christian Bager
      Christian Bager on 01 Jun 12
       
      This section shows the desired price, through the addition of the tax. It also gives a very exact target date for when the tax should be started up. This allows for graphs to be drawn before and after the event.
  • From 2013, lawmakers plan a levy on the sugar-content of processed food set at as much as 24 Kroner ($4.20) per kilogram.
    • Christian Bager
      Christian Bager on 01 Jun 12
       
      This shows how over time further taxes will be put on products, showing further change in demand and supply and the SRAS and LRAS.
  • ...6 more annotations...
  • "The new tax on sugar in food will first be implemented from 2013, and the details will be discussed in the coming year,"
    • Christian Bager
      Christian Bager on 01 Jun 12
       
      Showing that further un decided taxes are also going to be implemented.
  • The rationale is to improve the health in the Danish population by giving a stronger incitement to buy more healthy food.
    • Christian Bager
      Christian Bager on 01 Jun 12
       
      This shows the reasoning for the change in taxation. However it does not actually show that this will impact the demand of alternative products.
  • It's a trend that could be mimicked all over the world
    • Christian Bager
      Christian Bager on 01 Jun 12
       
      Showing that these taxes may spread into other economies.
  • Danish bakers, famed for their flaky cinnamon pastries, are predictably up in arms.
  • Mike Rayner, Director of Oxford University’s Health Promotion Research Group, said that combining the fat tax with higher taxes on sugary products would prevent people substituting fatty foods with sugary treats.
  • "I think the saturated fat tax by itself would not have been particularly useful, but a saturated fat tax in conjunction with a higher tax on sugary products means they are trying to tackle unhealthy foods on two fronts."
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Are you ready for the $60 light bulb? - 0 views

www.mercurynews.com/...are-you-ready-60-light-bulb substitute goods microeconomics subsidizing san jose mercury news
shared by Cynthia Huang on 03 Jun 12 - No Cached
  • Cynthia Huang on 03 Jun 12
     
    I can't comment on the actual article, so here are my points: -this shows a case of substitute goods that happen to be merit goods. the manufacturer, Philips, has created an eco-friendly lightbulb that will last about 20 years. however, it also has other eco-friendly light bulbs that cost a fraction of the current set price. -the price is currently quite expensive, but the manufacturer is currently subsidizing the product for customers. -a diagram of positive consumption externalities can be shown, using the prices mentioned in the article.
14More

REVE - Regulación Eólica con Vehículos Eléctricos - - 1 views

www.evwind.es/noticias.php denmark Vestas Windmills South-Korea Expo-2012
shared by Christian Bager on 06 Jun 12 - No Cached
  • Expo 2012 at Yeosu, South Korea.
    • Christian Bager
      Christian Bager on 06 Jun 12
       
      Target date of reveal for their further plans
  • Offshore wind holds vast potential as a sustainable energy source for rapidly growing countries, such as South Korea with its substantial coastal areas.
    • Christian Bager
      Christian Bager on 06 Jun 12
       
      Showing where there is an increase in demand of the product.
  • 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.
  • ...5 more annotations...
  • Both countries have clearly acknowledged that wind energy is a reliable and sustainable energy solution for the futur
    • Christian Bager
      Christian Bager on 06 Jun 12
       
      Showing how both side believe that the demand for wind turbines may increase over the next years, and how it currently stands.
  • 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.
  • 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.
    • Christian Bager
      Christian Bager on 06 Jun 12
       
      Showing the current supply of wind turbines in Korea and how that compares to the Vestas Market share
  • 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
  • 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.
  • Christian Bager on 06 Jun 12
     
    The one I will use from my IA
  • Christian Bager on 06 Jun 12
     
    First IA
6More

Europe's (olive) oil crisis (2) - 4 views

www.news.lk/...2225-europes-olive-oil-crisis
shared by Yuuji Mitsuta on 06 Jun 12 - No Cached
  • ompetition from cheaper varieties of vegetable oil
  • 10-year low as domestic consumption in the top producing southern European countries has fallen because of the economic crisis.
    • Yuuji Mitsuta
      Yuuji Mitsuta on 07 Jun 12
       
      Decrease in demand
  • coincided with a bumper olive crop in Spain,
  • ...2 more annotations...
  • The price of premium-quality extra virgin olive oil in the wholesale market fell this month to $2,900 a tonne, the lowest since 2002 and down more than half from nearly $6,000 a tonne in 2005, according to the International Monetary Fund.
  • The EU has tried to deal with the surplus by paying companies to stockpile oil
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