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Melanie Arxhoek

French unemployment hits 13-year high - 0 views

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    The number of unemployed people in France has broken past the three million barrier for the first time since 1999, the country's leaders say. The latest total adds pressure on President Francois Hollande, whose administration is under attack four months after taking power for not doing enough to fix the economy.
Ryo Sakai

Spain goes from boom to bust in a hectic 10 years - Yahoo! News - 4 views

  • —Unemployment starts ticking higher. The jobless rate, which stood at 8.3 percent in 2007, jumps to 18 percent in 2009. It is now almost 25 percent. Property prices begin to decline, and the real estate boom eventually bursts, as demand plummets.
    • Ryo Sakai
       
      Boom and the bust represents the business cycle. The boom being the positive output gap and the bust representing a negative output gap (recession) In this case Spain was experiencing a boom, but after a while they faced a recession because they did not have spare capacity in the factors of production as they use to have (used too much doing the boom)
  • the jobless rate for those aged between 16 and 24 is 52 percent.
    • Faizal Zubir
       
      Because of the very high unemployment rate, it is very difficult for Spain to get out of recession. This is one of the reasons why Spain may be forced to ask for a bailout.
  • in sales taxes to get a handle on the size of government debt and appease markets.
    • Faizal Zubir
       
      Possible evaluation: Higher tax may increase the government's income, but based on Laffer Curve, if the new tax rate is beyond the most effective tax rate, then in reality, income can be lower.
  • ...1 more annotation...
  • —The conservative Popular Party, led by Mariano Rajoy, takes office in December 2011.
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    Boom and the bust represents the business cycle. The boom being the positive output gap and the bust representing a negative output gap (recession) In this case Spain was experiencing a boom, but after a while they faced a recession because they did not have spare capacity in the factors of production as they use to have (used too much doing the boom)
Aili Saito

Spain's Underlying Inflation Rate Stagnates as Slump Persists - Bloomberg - 0 views

Yihan Li

BBC News - Spain's jobless level falls for second month - 0 views

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    Unemployment and Macroeconomics 
Emily Hoshi

Gasoline Pushes Consumer Prices to 10-Month High - NYTimes.com - 0 views

    • Emily Hoshi
       
      What can the government do to prevent the inflation? - what policies are there? monetary and fiscal but in this case monetary policy is the one to change the interest rates. --> however, this can lead to an increase in unemployment rate. WHY? 
  • Surging gasoline prices hurt consumer confidence
  • Consumer prices rose
  • ...29 more annotations...
  • as the cost of gasoline spiked,
  • going to remain pressured by rising gasoline prices,
  • Gasoline accounted for more than 80 percent of the rise.
  • Consumer purchasing power
  • Consumer Price Index rose 0.4 percent in February after advancing 0.2 percent
  • he said a trend toward lower inflation was still in place.
  • Consumer prices rose 2.9 percent last month from the same period a year ago, unchanged from January but down from a peak of 3.9 percent in September.
  • The core index was up 2.2 percent over the 12 months through February, down from 2.3 percent in January.
  • Consumer expectations for inflation
  • did not expect the steep climb in gasoline costs to last.
  • $4 gasoline has lost its shock value,
  • among lower-income households
  • Investor expectations of inflation
  • some price relief for households.
  • Production at the nation’s mines, factories and utilities held steady last month after a 0.4 percent gain in January
  • expand moderately
  • Manufacturing output rose 0.3 percent
  • automakers cut production by 1.1 percent after two big monthly gains
  • Carmakers had raised production to meet demand for popular models in short supply
  • The consumer price report showed gasoline prices soared 6 percent last month, the largest increase
  • risen 0.9 percent
  • cushion against rising gas prices at the pump, salaries are not keeping up.
  • strengthening jobs market is providing
  • arnings, adjusted for inflation, fell 0.3 percent last month after slipping 0.1 percent in January
  • Food costs held steady
  • also been on the rise
  • , airline tickets and used cars and trucks.
  • declines in the prices of tobacco
  • motor vehicle prices recorded their first increase
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.
Yayoi Tanikawa

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

  • 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
       
      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,
Emily Hoshi

Panasonic looking to slash HQ personnel | The Japan Times Online - 2 views

  • Panasonic looking to slash HQ personnel
    • Emily Hoshi
       
      Panasonic (oligopolistic firm) is considering to cut workers due to recession, so microeconomics on oligopoly with the x-axis with quantity and y-axis with price can be made.
    • Ayaka Matsumura
       
      In the end, is it possible to find a way to NOT cut workers?
    • Ayaka Matsumura
       
      In your IA maybe you could add a simple note saying how long the recession has been going on.
  • reduce costs and streamline the organization
    • Emily Hoshi
       
      I assume this section is saying that they are trying to reduce costs of production and increase efficiency. However, in most cases if a firm tries to lower the price they would lose customers due to price war between other firms that produce homogenous goods so it would be risky to change prices when its oligopoly. Although, their main aim is to recover its business so they are trying to cut many workers, reduce costs and increase efficiency.
  • drastic workforce downsizing at its Osaka
    • Emily Hoshi
       
      Brings marginal cost shift inwards and by that also the average cost shift inwards as well 
    • Emily Hoshi
       
      Slush in labours at Panasonic Corps in Osaka 
  • ...5 more annotations...
  • recovery of its business performance at an early date by speeding up decision-making, in addition to cost cuts after logging a massive group net loss in the business year
    • Emily Hoshi
       
      Same points made from the previous paragraph, due to recession they are aiming to increase efficiency and cut costs
  • redirecting company resources into new growth areas
    • Emily Hoshi
       
      I assume that "new growth areas" is to move the company to a more rural area because having a business at a city has a high land cost where rural areas can be much cheaper therefore, this can benefit the firm by having the cost curves to shift outward. 
  • energy-efficient products and solar panels
    • Emily Hoshi
       
      One of the factors of production, capital by having new technology such as (mentions here) solar panels. It reduces the light energy use, etc costs in the company.
  • loss of ¥772.17 billion
    • Emily Hoshi
       
      This can be shown on demand and supply where supply shifts outward, showing the loss of 772.17 billion yen on the price axis 
  • 36,000 over the year to some 330,000
    • Emily Hoshi
       
      This can be shown on phillips curve (?) to show the increase in unemployment rate by having the aggregate demand to shift inwards. 
  •  
    this is my IA
Isabella Yamamoto

Paul Krugman attacks Britain's austerity drive as 'deeply destructive' | Business | gua... - 2 views

  • increasing it by 2% of GDP
    • Isabella Yamamoto
       
      I can talk about the multiplier effect and how increasing in spending can lead to a boost in AD
  • austerity policy as "deeply destructive"
    • Isabella Yamamoto
       
      I can look at the argument made for increasing spending during a recession, and look at the argument made against.
  • to do so would be to admit its mistake
    • Isabella Yamamoto
       
      Perhaps I could look at how political interests can mean that policies do not always pass policies that are in the best interest of a countries economy.
  • ...1 more annotation...
  • 30% of unemployed people having been out of work for 52 weeks or more, compared with 9.5% in 2008.
    • Isabella Yamamoto
       
      How austerity measures reduce spending in public + private sectors. How that leads to more jobless. Can also look at structural unemployment and how AD will continue to fall because of lower income per capita.
Cynthia Huang

Fed unveils new bond-buying program - Taipei Times - 1 views

  • holding their money unused would essentially cost them
  • keep its benchmark interest rate at ultra-low levels until at least the middle of 2015
  • pushing up the prices of homes, stocks and other assets
  • ...2 more annotations...
  • going to provide the demand most firms need to be able to hire or invest.
  • The jobless rate would still be in the 6.7 to 7.3 percent at the end of 2014, while inflation would remain at or below the Fed’s 2 percent target through 2015
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
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    Quantas profit decreases by 90%
Tomomi Nakamura

BBC News - Australian jobs growth hits eight-year high - 0 views

  • Australia's jobs growth has hit an eight-year high after the economy added 38,900 jobs in May, far more than forecast.
    • Tomomi Nakamura
       
      Adding more jobs will help improve the unemployment rate, as there are more jobs available for the people.  This could lead to an economic growth.
  • The data follows better-than-forecast economic growth of 1.3% in the first quarter compared with the previous three months
  • In recent years, Australia's economic boom has been powered by the growing global demand for its natural resources
    • Tomomi Nakamura
       
      Natural resources are scarce resources, so there is always a high demand.  Australia could use those resources to gain money from other countries by selling them.
Aili Saito

Panasonic may halve its 7,000-strong headquarters ‹ Japan Today: Japan News a... - 0 views

  • aimed at speeding up decision-making
    • Aili Saito
       
      can relate to economies of scale = lack of communication is resolved
  • rival Sony
    • Aili Saito
       
      example of substitute good = XED 
    • Aili Saito
       
      PED will alter
  • been badly hit by the appreciation of the yen,
    • Aili Saito
       
      exports decrease 
  • ...3 more annotations...
  • falling prices
    • Aili Saito
       
      movement on the demand function
  • 772.2 billion yen loss
    • Aili Saito
       
      loss = bad 
  • halve its 7,000-strong headquarters
    • Aili Saito
       
      increase in unemployment
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