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Contents contributed and discussions participated by Arla Takala

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Arla Takala

Markets stunned as Swiss peg franc to euro - Business - Al Jazeera English - 1 views

www.aljazeera.com/...2011979103975856.html

shared by Arla Takala on 06 Nov 12 - No Cached
Arla Takala

Pegging franc to euro 'risky', say analysts - The Local - 0 views

www.thelocal.ch/1075

shared by Arla Takala on 11 Oct 12 - No Cached
Arla Takala

Unemployment and Inflation Rise in Euro Zone - NYTimes.com - 0 views

www.nytimes.com/...flation-rise-in-euro-zone.html

shared by Arla Takala on 13 Sep 12 - No Cached
  • Unemployment
    • Arla Takala
      Arla Takala on 13 Sep 12
       
      Unemployment means people who are willing and able to work for that set income but there are no jobs available for them. 
  • inflation
    • Arla Takala
      Arla Takala on 13 Sep 12
       
      Inflation is the increase in general price level (GPL) over a set period (usually over a year)
  • climbed
    • Arla Takala
      Arla Takala on 13 Sep 12
       
      Inflation has increased; prices are higher
  • ...4 more annotations...
  • 10.7 percent from 10.6
    • Arla Takala
      Arla Takala on 13 Sep 12
       
      The unemployment rate rose by 0.1% in a month
  • Italy and Greece
  • 10.1 percent in January from 10.0
    • Arla Takala
      Arla Takala on 13 Sep 12
       
      For the EU countries, the unemployment rate increased by 0.1%
  • 24.3 million
    • Arla Takala
      Arla Takala on 13 Sep 12
       
      24.3 million unemployed. The total population of the EU countries is 503 million. 
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
Arla Takala

Spain unemployment hits record high - Europe - Al Jazeera English - 0 views

www.aljazeera.com/...20124278531872704.html

shared by Arla Takala on 06 Jun 12 - No Cached
  • unemployment
    • Arla Takala
      Arla Takala on 06 Jun 12
       
      One of the 4 primary macroeconomic objective
  • jobless rate of 24.4 per cent in first quarter,
    • Arla Takala
      Arla Takala on 06 Jun 12
       
      Governments set target for unemployment is about 5% each year
  • "BBB "
    • Arla Takala
      Arla Takala on 06 Jun 12
       
      Bond credit rating--> BBB - has adequate capacity to meet its financial commitments
  • ...5 more annotations...
  • The figures are terrible for everyone and terrible for the government
    • Arla Takala
      Arla Takala on 06 Jun 12
       
      Terrible for everyone: --> no job = no income --> less spending Terrible for government: --> decrease on government revenue --> government has to spend more money on unemployment benefits --> government is receiving less money and spending more money --> budget deficit
  • economy to shrink
    • Arla Takala
      Arla Takala on 06 Jun 12
       
      Negative economic growth can cause recession
  • fiscal
    • Arla Takala
      Arla Takala on 06 Jun 12
       
      Government policy that focuses on taxes and government spending to improve the economy
  • S&P predicts the Spanish economy will shrink by 1.5 per cent this year, having previously forecasted growth of 0.3 per cen
    • Arla Takala
      Arla Takala on 06 Jun 12
       
      Decrease in GDP due to decrease in consumer spending
  • It added that Spain's commercial banks are increasingly leaning to official sources for funds as they struggle to deal with piles of bad loans, especially in real estate.
    • Arla Takala
      Arla Takala on 06 Jun 12
       
      Decrease in government spending
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