Retailers must now charge shoppers at least five pence for each new single-use carrier bag.
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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
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The department hopes to see an 80% reduction in the use of carrier bags as a result of the levy.
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"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."
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"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.
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"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."
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New drug price order may bring in monopoly - The New Indian Express - 2 views
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As per the new price control order, the ceiling price of an essential drug will be the simple average of all brands with a market share of at least one per cent.
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But, large companies will get a monopoly in pricing as they can manipulate price structure together.
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The experts in the industry point out that the small players in the field will eventually be wiped out when the new price control regime will come into effect.
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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
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French smokers began paying 6.5% to 10% more for tobacco, as an unpopular price rise went into effect
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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.
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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.
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“A slow and incremental increase, like we’ve seen in the previous five years, has very little effect on consumption,”
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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.
Nutter proposes tax on cigarettes, liquor-by-the drink to help schools Metro.us - 1 views
Cigarette smuggling cuts states' per-pack tax revenues | The Columbian - 1 views
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U.S. Growth Slows to 2.2%, Report Says - NYTimes.com - 1 views
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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.
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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.
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Many economists pointed out that consumer spending, mostly on cars and other large items, seemed to have come at a cost. Consumer savings declined.
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series of external shocks, like a spike in gas prices (this year’s was less severe and is already subsiding) and the Ja
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where many countries are already in recession and where this week Britain announced that it had entered the dreaded “double dip.”
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Shipments of durable goods increased last month, but new orders showed the steepest drop since January 2009.
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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.
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U.S. Growth Slows to 2.2%, Report Says - NYTimes.com - 0 views
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It was the first deceleration in a year, but it was not nearly as severe as other setbacks in the last couple of years.
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the private sector is continuing to heal from the financial crisis,” said Alan Krueger, chairman of the president’s Council of Economic Advisers.
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Economists initially predicted a much weaker showing in the latest quarter, partly because of a large accumulation of inventories in the fall and winter that needed to be worked off. But in the last few weeks, expectations rose on strong jobs reports and rising consumer confidence.
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in construction related to mining, oil and gas, while manufacturers actually increased their spending on factories and office buildings.
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another significant slowdown, saying that last year’s hiccup was the result of a series of external shocks, like a spike in gas prices (this year’s was less severe and is already subsiding) and the Japanese earthquake.
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Stagnation in Europe and a slowing of China’s breakneck expansion have weakened global demand even as corporate profits have continued to outpace expectations.
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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
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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.
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China's Chongqing Is First City to Offer Car Subsidy - 1 views
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Japan Govt to expand routine vaccinations | The Jakarta Post - 4 views
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Japan Govt to expand routine vaccinations
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The health ministry has decided to add three immunizations--against cervical cancer and two infections that can cause bacterial meningitis
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subsidizing fees for the three vaccinations as an emergency measure since fiscal 2010
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subsidies are set to be terminated at the end of this fiscal year, the Health, Labor and Welfare Ministry plans to make the subsidies permanent
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among children
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termination of subsidies for those immunizations was seen as undesirable in light of the fact that an increasing number of young people have been diagnosed with those conditions
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routine vaccination program as soon as it can secure funding for them.
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Making all seven immunizations part of the routine vaccination program would cost 200 billion yen per year
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"It's strange to treat them differently just for budget reasons when they are all important vaccinations
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Republican Lawmaker Considering a Tobacco Tax Increase Bill | StateImpact Idaho - 0 views
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Tobacco Tax Increase
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would tack on an additional $1.25 to Idaho’s tobacco tax
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Supporters estimate the $1.25 per pack increase could raise $50 million for the state as well as encourage people to quit or not pick up the habit
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Medicaid program at least $83 million each year and cost taxpayers as much as $319 million in other health-related costs annually.
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Renault backs electric cars with free chargers | Reuters - 0 views
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electric car
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o claim 10
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subsidy
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with volumes dropping sharply after filling advance
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about plug-in hybrids that
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US airlines boost domestic long-haul fares | Reuters - 0 views
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United Continental Holdings (UAL.N), AMR Corp's American Airlines (AAMRQ.PK), Southwest Airlines (LUV.N) and US Airways (LCC.N) all said they have matched it
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Oil prices initially rose on Thursday as the euro rallied and a Nigerian union threatened to shut down output, but they later eased on a report that the European Union could delay a ban on Iranian exports by six months. U.S. February crude oil was down 1.6 percent at $99.26 a barrel after earlier reaching above $102.
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d a $3 surcharge each way unveiled by Delta on fares purchased in the United States for flights between the United States and Europe
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