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Shoko Kuroda

BBC News - Factory output in Japan weaker than expected in April - 4 views

    • Shoko Kuroda
       
      Demand, indicates that this article is on micro economics, relating to supply and demand
  • output
    • Shoko Kuroda
       
      Output is another word for supply and this can be referenced to micro economics, which is about supply and demand. 
  • ...10 more annotations...
  • China's slowdown and a rising yen for the expected fall.
  • As Japan continues to recover from a devastating earthquake and tsunami last year, the ministry said industrial production continued to improve.
  • Industries that contributed to the slight rise in output included transport, chemicals and electrical machinery.
  • "More crucial is final demand in China,
    • Erica Nozawa
       
      I could draw a demand - supply diagram from this, indicating the declining demand for cars, consequently leading to a drop in supply. 
    • Erica Nozawa
       
      This is because China is a massive economy, and it bears an extremely important role in the Japanese economy, especially after having taken over the second largest economy world wide. 
    • Erica Nozawa
       
      Japan's economy stagnated severely after the earthquake and tsunami. This was due to the rapidly dropping demand from consumers, who deferred purchasing inessential goods. 
  • , demand from China would be the determining factor for continued growth
    • Shoko Kuroda
       
      This quotation indicates the global impact of the Chinese economy. Because a large proportion of Japanese goods' is exported to China, a decrease in demand means that there would be less output. This can be related to the US GDP article, stating that a decrease in demand would make it difficult to produce the good to be either exported or imported and have affect on GDP growth. 
    • Shoko Kuroda
       
      Need to explain how decrease or increase in currency can influence output. 
  •  
    Japan's factory output was weaker than expected in April because of slower demand for electronics goods, especially in China. Output was 0.2% higher in April from March, the Trade and Industry Ministry said. Analysts had forecast a figure of 0.5%. The ministry said it expects output to fall in May, before rebounding in June.
Yihan Li

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

  • The bank cut its key rate to 3.5% from 3.75%.
    • Yihan Li
       
      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
       
      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
       
      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
       
      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
       
      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
       
      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
       
      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
       
      House is most people's biggest asset. The decrease in its price will reduce people's disposable income, thus consumption and AD 
  •  
    Interest Rate and Macroeconomy  
Adam Seldis

BBC News - Who what why: Why is there more oilseed rape being grown? - 31 views

  • Why is there more oilseed rape being grown?
    • Adam Seldis
       
      This looks like it might a supply issue - so microeconomics supply and demand
  • more than ever before
    • Adam Seldis
       
      So there has been a shift outwards in supply. I can show this on a diagram. However I need to explain why it has shifted.
  • rocketing prices as it becomes more desirable for food
    • Adam Seldis
       
      So the only way this can be explained is that demand has increased more than the increase in supply, therefore leading to a 'rocketing' in prices. Again, would be good if I could explain why.
  • ...9 more annotations...
  • £388 per tonne, which compares to £240 in 2010
    • Adam Seldis
       
      I can use these numbers on my diagram. 240GBP was the original equilibrium price, 388GBP the new equilibrium.
  • 698,000 hectares in England and Wales and around 37,000 hectares in Scotland have been sown with oilseed rape this year, up about 6% on last year
    • Adam Seldis
       
      Again, I can use these figures in my diagram on the Quantity axis.
  • rapeseed oil is actually one of the highest quality vegetable oils, and it has gained a certain culinary respectability over recent years.
    • Adam Seldis
       
      This explains the shift in demand
  • "It's being used as mayonnaise, in margarine, salads, anywhere vegetables are used. It has a good health profile, has low saturated fat, is high in omega-3, and some claim it is better than sunflower oil," he say
    • Adam Seldis
       
      As does this.
  • The UK's "consistently high yields" of rapeseed have made the crop a success, according to Gagen.
    • Adam Seldis
       
      This partly explains the shift in supply
  • Other places like Germany, Poland and Ukraine have had a dreadful winter, the crops were exposed to severe cold temperatures, I suspect the French suffered as well.
    • Adam Seldis
       
      I can bring in here the concept of substitute goods - that German etc rape crops are a substitute good. That their fall in supply will have lead to an increase in the price for them, leading to a fall in demand. This will have lead to an increase in demand for UK rape crops. Could show this diagrammatically if needed.
  • and they are 45% oil - and the other 55% is high protein animal feed - they are an amazing piece of nature," he says. Burnett says oilseed rape is also being used for biodiesel, while a very small amount has specialist industrial uses, for instance as lubricants.
    • Adam Seldis
       
      Again, this explains the surge in demand. It has a number of different uses. (Called composite demand).
  • Burnett says oilseed rape has probably been more visible this year because it has flowered for almost twice its normal length of time - eight weeks, instead of four - as a cold and wet April and May stopped flowers developing and dying at their normal rate.
    • Adam Seldis
       
      We could start to use this as some kind of evaluation - the fact that there might not have been a shift in supply at all.
    • Adam Seldis
       
      So, overall, I could write a commentary about how a small shift in supply and a large shift in demand has led to an increase in the price for rape seed. I can easily show this with a diagram and explain the factors behind each movement. I would need to show the shift in supply being less than the shift in demand. For evaluation I could start to look at the impacts of PED and PES. Might they be inelastic or elastic and how might this impact the price mechanism. I could also speculate a little about what might happen in the future, based on the information in the article, and its impact on the price of rape seed in the UK
  •  
    This is the article I would like you to read first. You may not use this one in the future.
Faizal Zubir

Mid East gas demand to outpace supply - IEA | Energy & Oil | Reuters - 2 views

  • demand to rise by 79 billion cubic metres (bcm) or 20 percent from 2011 to 2017
    • Faizal Zubir
       
      A shift on demand curve.
  • Middle Eastern demand for natural gas is likely to rise faster than supply over the next five years
    • Faizal Zubir
       
      A rise in price.
  • ...3 more annotations...
  • In a few countries, gas demand has therefore to be curtailed," the report says.
    • Faizal Zubir
       
      Demand has to decreased, ads for other alternatives.
  • Middle Eastern governments will have to either curb demand or import a lot more expensive gas.
    • Faizal Zubir
       
      Evaluation in which one is better.
  • low gas prices encourage consumption and discourage production.
    • Faizal Zubir
       
      Reason explaining the higher demand and low supply.
Tessa Jalink

Palladium: the next hot commodity? - Outside the Box - MarketWatch - 1 views

  • NEW YORK (MarketWatch) — With declining supply and rising demand,
    • Tessa Jalink
       
      Supply & Demand
  • 6.8 million ounces
    • Tessa Jalink
       
      Initial Supply Value
  • increase in palladium supply does not look likely.
    • Tessa Jalink
       
      Not an Increase in Supply Decrease? No Change?
  • ...8 more annotations...
  • declining palladium production
    • Tessa Jalink
       
      Suggests a Decrease in Supply
  • prices being able to rise since then,
    • Tessa Jalink
       
      Increase In Price
  • supply will likely stagnate
    • Tessa Jalink
       
      No Change in Supply
  • demand for the metal is only going to increas
    • Tessa Jalink
       
      Increase in Demand.
  • curtailing their production
    • Tessa Jalink
       
      Decrease in Supply
  • greater need for catalytic convertors, and therefore an increased demand for palladium.
    • Tessa Jalink
       
      Increase in Demand
  • investment demand
    • Tessa Jalink
       
      Even larger increase in demand
  • $1,000. Today, palladium is at around $615
    • Tessa Jalink
       
      Can be used for values on the price axis. 
Fuyuka Nakamura

BBC News - Thailand exports fall in April as global demand slows - 5 views

  • Thailand exports fall in April as global demand slows
    • Fuyuka Nakamura
       
      Article 2: Demand and Supply
  • falling demand
    • Fuyuka Nakamura
       
      There was a fall in demand of goods/services from Thailand, as demand from their main exporters (US/Europe) decreased.
  • exports
    • Fuyuka Nakamura
       
      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
       
      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
       
      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
       
      Represent how exports are more important than consumption/any other factors in determining GDP in Thailand.
  • on Thai
    • Fuyuka Nakamura
       
      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
       
      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
       
      A key component in AD/ GDP. By increasing consumption, AD and GDP will increase, boosting the economic growth.
    • Fuyuka Nakamura
       
      Graph: Rise in AD, real GDP increase.
  • Thailand
    • Fuyuka Nakamura
       
      Will this Article count as Macro?
Nofar Lapidot

BBC News - McDonald's profits boosted by store revamps - 2 views

  • 13 months rose 8.9%
    • Nofar Lapidot
       
      Shift outward in demand
  • solid sales growth of 5%
    • Nofar Lapidot
       
      shift out in demand even though economic downturn in europe. Possibly because McDonalds is cheap making it popular.
  • 1,300 new stores
    • Nofar Lapidot
       
      expansion in supply
  •  
    Increase in demand for McDonalds even though there is an economic downturn in Europe.
Jin Seo

China's Gold Demand to Slow From April Surge: Association - Bloomberg - 0 views

  •  
    Demand of gold in china slows down 
Shoko Kuroda

Weak Job Growth in May as Unemployment Rate Ticked Up - NYTimes.com - 0 views

    • Shoko Kuroda
       
      The title of the article indicates that it is about unemployment which is in the field od macroeconomics. 
  • global slowdown as the European crisis escalates.
    • Shoko Kuroda
       
      This sentence indicates the correlation between the unemployment fear of workers in America and the European crisis with countries referred as 'PIGS'. 
  • ...22 more annotations...
  • the nation’s employers added the fewest jobs in a year and the unemployment rate actually rose,
  • serious vulnerability for President Obama as he faces re-election
    • Shoko Kuroda
       
      The significance of unemployment rate is clearly indicated, such as the the impact on Obama's re-election. 
  • The unemployment rate rose to 8.2 percent in May from 8.1 in April, though largely because more people began looking for work.
    • Shoko Kuroda
       
      Unemployment raises when there is more demand for working because no matter whether there is an increase or decrease in the working labour force, the number of available jobs are limited. Because there is a limited number in the number of jobs, the increase in demand for employment raises the unemployment rate. 
  • another recession.
    • Shoko Kuroda
       
      The word 'recession' can used to introduce the Keynesian economics with the boom and the busts cycles and monetary and fiscal policies to reduce these cycles. 
  • The report on American jobs added to the global pall that has deepened with Europe’s debt crisis and slowing growth in China and India.
    • Shoko Kuroda
       
      This indicates the influence of America's unemployment rate as well as their economic growth to the other major countries, such as China and India. A increase in America's unemployment rate resulting in a decrease in America's GDP growth has affect on the economy of China and India, such as in exporting goods. 
  • Yields on United States and German government bonds also slumped as investors bid up the bonds’ prices looking for safety.
    • Shoko Kuroda
       
      The decrease in the prices of government bonds in Germany and United States indicates that the citizens dont have the trust to these countries for their skill to return the money with a fixed amount of tax. This is also another indication for the economy not doing well. 
  • The underlying pace of the domestic economy is a slog, driven by manufacturing and restrained by slackening global demand.
    • Shoko Kuroda
       
      The main factor of decrease in America's GDP is stated as the overall decrease in the demand for goods since many economies are not successful. 
  • “Manufacturers are very concerned about Europe because a blowup in Europe means a global slowdown,”
    • Shoko Kuroda
       
      Europe can be noted as one of the important continents which greatly affect the global economy. 
  • diverse,
    • Shoko Kuroda
       
      Whether a company has a diverse target audience or not can be a indicator to determine the impacts of global slow down in markets. 
    • Shoko Kuroda
       
      A graph illustrating a global decrease in demand can be applied to draw the consequences of decrease in GDP. 
  • Obama’s economic policies.
    • Shoko Kuroda
       
      The economic policies which President Obama used can be described thoroughly in this section, such as fiscal and monetary and their success. 
  • The May jobs report showed gains in health care, transportation and warehousing, and wholesale trade, while construction jobs fell by a seasonally adjusted 28,000. Even some bright spots, like booming auto sales, failed to meet expectations or to bolster manufacturing employment by much — only 12,000 jobs.
    • Shoko Kuroda
       
      Both the positives and the negatives of America's economy can be explained more in depth and the impact of each factor to the market. 
J Hwang

London Luxury-Home Price Gains Slow After Property-Tax Increase - 1 views

  •  
    -microeconomics -small growth in luxury-home prices in London after the "the government increased a tax on purchases of 2 million pounds ($3.1 million) or more" -consumers must pay more for the same good compared to before - fall in demand -prices of homes/luxury homes were growing -"Europe's debt crisis has prompted overseas investors to acquire real estate in London to preserve their wealth." - homes more scarce, hence increase in price
  •  
    -use of demand/supply curves to show the increase in demand, then show a less increase in demand after taxing
Yuuji Mitsuta

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

    • Yuuji Mitsuta
       
      Demand has decreased due to economic crisis
    • Yuuji Mitsuta
       
      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
       
      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
       
      Decrease in price due to decrease in demand
  • suffering from strong competition from cheaper varieties of vegetable oil.
    • Yuuji Mitsuta
       
      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
Christian Bager

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

  • 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
       
      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
       
      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
       
      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
       
      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
       
      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
       
      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."
Nofar Lapidot

BBC News - Qantas forecasts profit to slide by up to 90% - 2 views

  • highest ever fuel bill
    • Nofar Lapidot
       
      Increase in price of FoP
  • It has forecast a profit before tax of between A$50m ($48.6m; £31.6m) and A$100m for the year ending 30 June.
  • dropped as much as 18%
    • Nofar Lapidot
       
      decrease in demand 
  • ...2 more annotations...
  • double to A$450m
    • Nofar Lapidot
       
      double the losses demand shift in, supply shift in because of high price of FoP
  • competition has increased
    • Nofar Lapidot
       
      more alternatives
  •  
    Quantas profit decreases by 90%
Fuyuka Nakamura

India's GDP growth slows sharply - May. 31, 2012 - 2 views

  • sharply
    • Fuyuka Nakamura
       
      AD/AS changed in time fast
  • In the first quarter, the country's manufacturing sector contracted and its agricultural sector slowed substantially
    • Fuyuka Nakamura
       
      An aggregate demand and supply curve can be shown to demonstrate the decline in GDP, which resulted from the contraction in the agricultural sector/manufacturing sector. The supply curve can shift down to demonstrate how the economy is producing less.
  • due primarily to weakness in its manufacturing and agricultural sectors
    • Fuyuka Nakamura
       
      Reason for the decline in economic growth in India. Shift in AS.
  • ...8 more annotations...
  • Spending by both consumers and the government decelerated slightly.
    • Fuyuka Nakamura
       
      By spending to decrease, the demand curve will shift, as people demand/spend less on the good/service.
    • Fuyuka Nakamura
       
      Consumer confidence is affected by the high interest rates (mentioned below)
  • tighter monetary policy
    • Fuyuka Nakamura
       
      Monetary Policy can be described. The interest rate and supply of money can be described to show how goods/services can affect economic growth.
  • interest rates high for three years to battle rapid inflation
    • Fuyuka Nakamura
       
      As interest rates are high, the sectors will not want to borrow money, as they will be losing out on money. Consumers will also save their money rather than spend it, which then affects the aggregate demand curve. Which then affects the economic growth.
    • Fuyuka Nakamura
       
      Contrationary Monetary Policy, as the Gov is trying to fight the inflation. In other words they want to lower the price levels. They do this by rising the interest rate to decrease the supply of money.
  • lower that rate slightly to try to stimulate economic growth.
    • Fuyuka Nakamura
       
      Can talk about the effect of lowering the interest rates. How the consumers will start to spend rather than save and how the businesses (sectors) start to borrow money for investment, which then pumps up the economic growth.
  • lower rates further
    • Fuyuka Nakamura
       
      the Reserve Bank of India can impose Expansionary Monetary Policy, lowering the interest rates, increasing the money supply, encouraging new consumption and investments. This will shift the AD out, increasing India's GDP within time. This will be their solution.
  • economic growth
    • Fuyuka Nakamura
       
      About India's GDP It will involve AD and AS
  • sharply
  • India is the world's second most populous nation after China, and the 11th largest economy,
Ryo Sakai

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

  • lack of homes for sale supported values
    • Faizal Zubir
       
      The factor causing the increase in house prices.
  • Prices gained 0.3 percent from April, when they fell by the same amount
    • Faizal Zubir
       
      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
       
      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
       
      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
       
      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
       
      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
       
      Shows they still haven't recovered, even though they are getting close.
Riley Rademaker

BBC News - Chivas Brothers outlines £40m whisky investment plans - 3 views

  • Drinks firm Chivas Brothers has outlined a £40m investment programme as it seeks to meet growing demand for whisky in emerging markets.
    • Riley Rademaker
       
      Chivas brothers trying to increase the supply because of a increase in demand
  • Chivas aims to boost its malt whisky distillation capacity by 25%
    • Riley Rademaker
       
      With the 25% you can find out the old supply
  • Glen Keith is expect to reopen in April 2013, having been mothballed in 2000.
    • Riley Rademaker
       
      This can lead to more supply and even more demand.
  • ...4 more annotations...
  • This investment, allied to strong market growth
    • Riley Rademaker
       
      This investment will increase the GDP of the market
  • New heat recovery technology is also being introduced to make stills 25% more efficient.
    • Christian Bager
       
      This shows the impact of R&D on the efficiency
  • The company is to reopen a mothballed distillery in Banffshire and expand four existing distilleries as part of its plans for the year.
  • £40m investment programme for the year was in line with average amounts spent annually over the past few years.
    • Riley Rademaker
       
      The money put in R&D for chivas brothers has been consistently using the same amount of money over the past few years to develop their product
  •  
    This will be my IA article
Derek Schwung

Falling Oil Prices Are No Mystery - Businessweek - 1 views

    • Derek Schwung
       
      Microeconomics - Supply and Demand
    • Derek Schwung
       
      Current Prices 
  • $97 a barrel and West Texas Intermediate hitting $83.
  • ...18 more annotations...
  • producing more oil than it’s consuming,
    • Derek Schwung
       
      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
       
      Oil consumption is falling - less demand 
  • 10 percent increase in production from OPEC during the past 12 months.
    • Derek Schwung
       
      An outward shift in supply
    • Derek Schwung
       
      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
       
      Demand is low because of economic weakness and increase energy efficiency 
  • The price declines
    • Derek Schwung
       
      Decrease in price to reach equilibrium? 
  • bets that the price will rise
    • Derek Schwung
       
      Price will rise in future 
  • , will fall to $90 a barrel by September, and that West Texas Intermediate should fall to $80.
    • Derek Schwung
       
      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
       
      Gasoline should also decrease in price Happier consumers 
    • Derek Schwung
       
      This is the article for my IA 1
Alessandra Z

BBC News - Australia plans to ban live betting odds during sports - 3 views

  • bid to curb problem gambling.
  • "Fans, and particularly young fans, should not be subject to excessive promotion of betting during matches.
  • advertisements
  • ...1 more annotation...
  • revised code
  •  
    Gambling - Demerit Good Advertising ban will lead to a decrease in demand for Gambling Negative externalities will decrease. However, Gambling = inelastic good? Addiction?
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