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Jin Seo

BP, Shell raided over alleged price fixing | News.com.au - 1 views

www.news.com.au/...story-fnda1bsz-1226642946822

pricefixing EU shell BP

shared by Jin Seo on 12 Jun 13 - No Cached
  • cartels
    • Jin Seo
      Jin Seo on 12 Jun 13
       
      formal collusion; cartels are group of competitive firms colluding together to act as a monopoly - why is a monopoly market structure attractive to producers?
  • market manipulation
    • Jin Seo
      Jin Seo on 12 Jun 13
       
      The act of artificially inflating or deflating the price of a security 
  • prices of crude oil, refined oil products and biofuels purchases and sales, potentially harming final consumers
    • Jin Seo
      Jin Seo on 12 Jun 13
       
      oil- one of the most inelastic goods due to its high demand and usage in producing a lot of consumer goods 
  • ...9 more annotations...
  • price fixing
    • Jin Seo
      Jin Seo on 12 Jun 13
       
      price fixing = market manipulation 
  • BP, Shell and Norway's Statoil
    • Jin Seo
      Jin Seo on 12 Jun 13
       
      what sort of market structure are they in? oligopoly and their tendency to collude = because they are profit maximizers 
  • European Commission
    • Jin Seo
      Jin Seo on 12 Jun 13
       
      have monitoring for these companies due to high probabilities of collusion 
  • collude
  • prevented others from participating in the price assessment process
    • Jin Seo
      Jin Seo on 12 Jun 13
       
      fairly high barriers to entry - one of the characteristics of an oligopoly 
  • the market vulnerable to abuse
  • Consumers need to know that the prices they pay for their energy or petrol are fair, transparent and not being manipulated by traders
  • High oil prices are crushing families across Britain
  • market transparency
    • Jin Seo
      Jin Seo on 12 Jun 13
       
      EVALUATION: what would the evaluation contain?   - is it good or bad? (for consumers (benefits of colluding) and producers)   - BP oil competition = shows how having contest ability may be dangerous   - what can the governments do to stop collusion from happening? 
  • Jin Seo on 12 Jun 13
     
    Price fixing of oil companies in the EU
Lucas Hagedorn

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
Katie Miyoshi

Switzerland : Mexico takes Chinese textile subsidy issue to WTO - Textile News Switzerland - 0 views

www.fibre2fashion.com/...newsdetails.aspx

shared by Katie Miyoshi on 08 Nov 12 - No Cached
  • Mexico
  • has filed a complaint with the World Trade Organization (WTO) over the subsidies provided by China to its textiles and garment sector, according to a statement released by the WTO.
  • exemption in income tax, value-added taxes and municipal taxes,
  • ...2 more annotations...
  • Under a series of trade agreements between Mexico and China, all tariffs on Chinese products, including textiles, were gradually reduced to zero by December 2011.
  • unfair advantage and seriously hurt Mexican textile and garment industry.
Erica Nozawa

Exports drop for fifth month - Tokyo Times from Japan - 0 views

www.tokyotimes.com/...orts+drop+for+fifth+month.html

shared by Erica Nozawa on 22 Oct 12 - No Cached
  • Japan's exports fell for the fifth straight month in July as the country contends with a strong yen and the ongoing impact of the March earthquake and tsunami.
  • Japan's exports fell for the fifth straight month in July as the country contends with a strong yen and the ongoing impact of the March earthquake and tsunami.
  • Japan's exports fell for the fifth straight month in July as the country contends with a strong yen and the ongoing impact of the March earthquake and tsunami.
  • ...12 more annotations...
  • Japan's exports fell for the fifth straight month in July as th
  • Japan's exports fell for the fifth straight month in July as the country contends with a strong yen and the ongoing impact of the March earthquake and tsunami.
  • Japan's exports fell for the fifth straight month in July as the country contends with a strong yen and the ongoing impact of the March earthquake and tsunami.
  • Japan's exports fell for the fifth straight month in July as the country contends with a strong yen and the ongoing impact of the March earthquake and tsunami.
  • y as the country co
  • Japan's exports fell for the fifth straight month in July as the country contends with a strong yen and the ongoing impact of the March earthquake and tsunami.
  • Japan's exports f
  • Exports are a key driver of the world's No. 3 economy, and the country is hoping that overseas demand will help it bounce back from the March 11 disaster.
  • A surging yen, which has recently tested record highs against the dollar, is painful for Japan's exporters. It reduces the value of their foreign earnings and makes Japanese goods more expensive in overseas markets.
  • The yen is hurting the bottom lines of companies like Nintendo Co., which makes 80 percent of its sales outside of Japan. It is also forcing manufacturers like Panasonic Corp. and Hitachi Ltd. to consider shifting more production overseas.
  • Japan intervened in currency markets earlier this month to try to reverse the yen's climb. The decision to sell the yen and buy the dollar worked initially, sending the greenback toward ¥80. But the dollar has been weighed by the dimming outlook for U.S. economy and is back down to mid ¥76levels.
  • speculators for the yen's sharp gains and described recent moves as "violent."
  • Erica Nozawa on 22 Oct 12
     
    Japan's exports fell for the fifth straight month in July as the country contends with a strong yen and the ongoing impact of the March earthquake and tsunami. Exports fell 3.3 percent from a year earlier to ¥5.78 trillion ($75.6 billion), the government said Thursday. Exports are a key driver of the world's No.
Shoko Kuroda

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

www.bbc.co.uk/...business-18275584

shared by Shoko Kuroda on 31 May 12 - No Cached
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Demand, indicates that this article is on micro economics, relating to supply and demand
  • output
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      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
      Erica Nozawa on 31 May 12
       
      I could draw a demand - supply diagram from this, indicating the declining demand for cars, consequently leading to a drop in supply. 
    • Erica Nozawa
      Erica Nozawa on 31 May 12
       
      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
      Erica Nozawa on 31 May 12
       
      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
      Shoko Kuroda on 31 May 12
       
      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
      Shoko Kuroda on 31 May 12
       
      Need to explain how decrease or increase in currency can influence output. 
  • Erica Nozawa on 31 May 12
     
    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.
Shoko Kuroda

U.S. Growth Slows to 2.2%, Report Says - NYTimes.com - 0 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
       
      GDP, Growth Domestic product is in the section of macro economics
  • The economic recovery slowed more than expected early this year,
  • an annual rate of 2.2 percent in the first quarter, down from 3 percent at the end of last year,
  • ...18 more annotations...
  • It was the first deceleration in a year, but it was not nearly as severe as other setbacks in the last couple of years.
  • Mitt Romney
  • insisting that the president has held back the recovery and intends to do further damage.
  • White House focused on
  • solid growth in consumer spending and a surge in residential building.
  • the private sector is continuing to heal from the financial crisis,” said Alan Krueger, chairman of the president’s Council of Economic Advisers.
  • subsidize the employment of teachers and first responders to emergencies.
  • 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.
  • Consumer spending did turn out to be the major strength
  • Business investment, which had been a bright spot, declined in the most recent quarter.
  • Government spending also fell more than anticipated,
  • thanks in part to a particularly large drop in military outlays.
  • Consumer savings declined.
  • decline in business investment.
  • Businesses spent more on equipment and software but much less on infrastructure.
  • in construction related to mining, oil and gas, while manufacturers actually increased their spending on factories and office buildings.
  • 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.
  • Stagnation in Europe and a slowing of China’s breakneck expansion have weakened global demand even as corporate profits have continued to outpace expectations.
Riley Rademaker

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

www.bbc.co.uk/...and-scotland-business-18266192

shared by Riley Rademaker on 01 Jun 12 - No Cached
  • Drinks firm Chivas Brothers has outlined a £40m investment programme as it seeks to meet growing demand for whisky in emerging markets.
    • Riley Rademaker
      Riley Rademaker on 01 Jun 12
       
      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
      Riley Rademaker on 01 Jun 12
       
      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
      Riley Rademaker on 01 Jun 12
       
      This can lead to more supply and even more demand.
  • ...4 more annotations...
  • This investment, allied to strong market growth
    • Riley Rademaker
      Riley Rademaker on 01 Jun 12
       
      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
      Christian Bager on 01 Jun 12
       
      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
      Riley Rademaker on 01 Jun 12
       
      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
  • Riley Rademaker on 06 Jun 12
     
    This will be my IA article
Cynthia Huang

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.
Christian Bager

2 Wind Farms, 433MW of Vestas, Suzlon Turbines for RSA - 1 views

www.ibtimes.co.uk/...vestas-suzlon-turbines-rsa.htm

shared by Christian Bager on 06 Jun 12 - No Cached
  • The South African government awarded preferred bidders contracts to develop seven large-scale wind power projects on May 21, the latest step forward in its strategic plan to diversify its energy base through the production of clean, renewable energy.
  • Wind power project awards make up 562.5 MW out of a total 1,043.9 MW of renewable energy capacity the South Africa's Dept. of Energy awarded.
  • Denmark's Vestas and India's Suzlon are among the wind turbine manufacturers who will play a big part in helping South Africa realize its renewable energy
  • ...6 more annotations...
  • social, economic and environmental goals.
  • Suzlon has been chosen by South Africa's Exxaro Resources and India's largest power utility, Tata Power Co. Ltd. as the preferred supplier for their Cennergi joint venture's 138MW South African wind farm.
  • Terms that still need to be finalized call for Suzlon to deliver 66 of its S97-2.1MW wind turbines for the project, part of a full engineering, procurement and construction (EPC) agreement. If all goes well, construction of the Cennergi wind farm is expected to begin in early 2013.
  • Vestas came out a big winner as a result of the second-round contract awards. The world's second-largest wind turbine manufacturer has been selected as the supplier to five South African wind energy projects with a combined capacity of 297MW:
  • West Coast 1, 94 MW, Developer: GDF Suez/IPR SA Tsitsikamma, 95.33 MW, Developer: Cennergi (Pty) Ltd. Grahamstown, 24.60 MW, Developer: EDF EN France Grassridge, 61.50 MW, Developer: EDF EN France Chaba, 21.53 MW, Developer: EDF EN France
  • Vestas has now been chosen as the preferred supplier of wind turbines for 36% of the wind power contracts- totaling 435.1MW- awarded by the South African government to date.
Christian Bager

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
Faizal Zubir

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

af.reuters.com/...idAFL5E8H545Y20120605

shared by Faizal Zubir on 06 Jun 12 - No Cached
  • demand to rise by 79 billion cubic metres (bcm) or 20 percent from 2011 to 2017
    • Faizal Zubir
      Faizal Zubir on 06 Jun 12
       
      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
      Faizal Zubir on 06 Jun 12
       
      A rise in price.
  • ...3 more annotations...
  • In a few countries, gas demand has therefore to be curtailed," the report says.
    • Faizal Zubir
      Faizal Zubir on 06 Jun 12
       
      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
      Faizal Zubir on 06 Jun 12
       
      Evaluation in which one is better.
  • low gas prices encourage consumption and discourage production.
    • Faizal Zubir
      Faizal Zubir on 06 Jun 12
       
      Reason explaining the higher demand and low supply.
Nofar Lapidot

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

www.bbc.co.uk/...business-18327652

demand Demand & Supply bbc Unemployment Prices of Factors production

shared by Nofar Lapidot on 06 Jun 12 - No Cached
  • highest ever fuel bill
    • Nofar Lapidot
      Nofar Lapidot on 06 Jun 12
       
      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
      Nofar Lapidot on 06 Jun 12
       
      decrease in demand 
  • ...2 more annotations...
  • double to A$450m
    • Nofar Lapidot
      Nofar Lapidot on 06 Jun 12
       
      double the losses demand shift in, supply shift in because of high price of FoP
  • competition has increased
    • Nofar Lapidot
      Nofar Lapidot on 06 Jun 12
       
      more alternatives
  • Nofar Lapidot on 06 Jun 12
     
    Quantas profit decreases by 90%
Derek Schwung

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
Nayana Devadas

BBC NEWS - Australia's economy grows by more than expected - 1 views

m.bbc.co.uk/...business-18336521

shared by Nayana Devadas on 07 Jun 12 - No Cached
    • Nayana Devadas
      Nayana Devadas on 07 Jun 12
       
      Related to AD and macroeconomics
  • he latest gross domestic product (GDP)
    • Nayana Devadas
      Nayana Devadas on 07 Jun 12
       
      Related to GDP and Macro
  • ...7 more annotations...
  • Household spending
    • Nayana Devadas
      Nayana Devadas on 07 Jun 12
       
      AD and macro
  • strong consumption numbers and an unusually large contribution from professional and scientific services
    • Nayana Devadas
      Nayana Devadas on 07 Jun 12
       
      AD and Macro
  • the sovereign debt crisis
    • Nayana Devadas
      Nayana Devadas on 07 Jun 12
       
      Debt Crisis- Deficit- Macro
  • falling demand for Australia's resources may hurt its economy
Arla Takala

BBC News - Scottish minimum alcohol pricing passed by parliament - 1 views

www.bbc.co.uk/...and-scotland-politics-18160832

shared by Arla Takala on 07 Jun 12 - No Cached
  • Scottish minimum alcohol pricing passed by parliament
    • Arla Takala
      Arla Takala on 07 Jun 12
       
      Microeconomics - Minimum price on alcohol in Scotland
  • minimum drink pricing
    • Arla Takala
      Arla Takala on 07 Jun 12
       
      Minimum price = legally imposed price floor below which that normal market price cannot fall
  • Under the plans, the ­cheapest bottle of wine would be £4.69 and a four-pack of lager would cost at least £3.52.
    • Arla Takala
      Arla Takala on 07 Jun 12
       
      Consumers pay a higher price for same product
  • ...5 more annotations...
  • 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.
    • Arla Takala
      Arla Takala on 07 Jun 12
       
      The government imposed a minimum price to reduce the amount of crime and injuries caused by alcohol
  • alcohol
    • Arla Takala
      Arla Takala on 07 Jun 12
       
      Alcohol is a demerit good (over consumed or over produced) and has negative effects on society
  • Labour said minimum pricing could generate profits of more than £125m for alcohol retailers
    • Arla Takala
      Arla Takala on 07 Jun 12
       
      Increase in profit for alcohol retailers due to an increase in price of alcohol
  • 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.
    • Arla Takala
      Arla Takala on 07 Jun 12
       
      The increase in price of alcohol would cause a reduction in demand
    • Arla Takala
      Arla Takala on 07 Jun 12
       
      Minimum price causes a surplus in the market because supply exceeds demand
    • Arla Takala
      Arla Takala on 07 Jun 12
       
      This causes a reduction in market size 
    • Arla Takala
      Arla Takala on 07 Jun 12
       
      This may cause informal markets since some firms may sell their surplus at prices below the equilibrium however this is illegal
Aili Saito

BBC News - UK economy in double-dip recession - 1 views

www.bbc.co.uk/...business-17836624

shared by Aili Saito on 07 Jun 12 - No Cached
  • double-dip recession
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      can be represented by a AD/AS graph (shift left in AD) -> leads to recession
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      UK was once in recession and they returned back into recession soon after
  • construction output
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      the demand of construction decreased and the AD decreases (shifts to the left)
  • economic output was slightly smaller now
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      again, there was a decrease in AD
  • ...6 more annotations...
  • everything we can" to generate growth
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      this could be monetary/fiscal policies
  • production industries decreased by 0.4%, construction decreased by 3%
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      both examples of why AD has decreased that lead to recession
  • government spending
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      a fall in government spending = leads to a fall in AD (AD=C+I+G+(X-M))
  • 25% in public sector housing and 24% in public non-housing and with a further 10% cuts to both anticipated for 2013
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      the decrease in government spending has surpassed the anticipated increase in other factors of AD
  • guarded optimism
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      there seems to already be business/consumer confidence
  • little more aggressive in terms of recruitment and investment.
    • Aili Saito
      Aili Saito on 07 Jun 12
       
      the government wants to increase business confidence 
Derek Schwung

US airlines boost domestic long-haul fares | Reuters - 0 views

www.reuters.com/...es-fares-idUSLNE80C01M20120113

shared by Derek Schwung on 17 Jun 12 - No Cached
    • Derek Schwung
      Derek Schwung on 17 Jun 12
       
      Increase in prices in overseas flights 
  • 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
    • Derek Schwung
      Derek Schwung on 17 Jun 12
       
      Many firms in the market are 
  • ...7 more annotations...
  • higher oil prices raise costs and threaten profitability
    • Derek Schwung
      Derek Schwung on 17 Jun 12
       
      Increase in FoP
    • Derek Schwung
      Derek Schwung on 17 Jun 12
       
      Inward shift in supply 
  • 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.
  • European law requiring airlines to pay for aircraft emissions.
    • Derek Schwung
      Derek Schwung on 17 Jun 12
       
      Negative Production Externality - tax Market failure 
  • d a $3 surcharge each way unveiled by Delta on fares purchased in the United States for flights between the United States and Europe
    • Derek Schwung
      Derek Schwung on 17 Jun 12
       
      Increase in price, tax put on consumer 
Tomomi Nakamura

Greek G.D.P. Fell 6.2 Percent in 2nd Quarter - NYTimes.com - 0 views

www.nytimes.com/...amatically-in-2nd-quarter.html

shared by Tomomi Nakamura on 28 Sep 12 - No Cached
  • The nation’s gross domestic product slid 6.2 percent in the second quarter from a year earlier
  • unemployment rate in May reaching a record 23.1 percent
  • 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
  • ...3 more annotations...
  • But many economists were skeptical that the heavily indebted Greek state can cut its way out of crippling recession.
  • in 2013, from 9.3 percent in 2011.
  • 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
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