"We doubt it will be enough to get the economy on the right track. It's only a matter of time before speculation begins as to when the Fed will raise its purchases from $40bn a month."
Draw a AD-AS diagram to explain the results of AD shift on economy
"The committee is concerned that, without further policy accommodation, economic growth might not be strong enough to generate sustained improvement in labour market conditions,
Without Fed's help, unemployment may increase or be stagnant. Maybe talk about Okun's law, which states that 3% increase in output corresponds to a 1% decline in the rate of unemployment
Federal Reserve to buy more debt to boost US economy
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
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
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.
The price of premium-quality extra virgin olive oil in the wholesale market fell this month to $2,900 a tonne, the lowest since 2002 and down more than half from nearly $6,000 a tonne in 2005, according to the International Monetary Fund.
The EU has tried to deal with the surplus by paying companies to stockpile oil
Prince William's wedding to Catherine Middleton last year to the Queen's Diamond Jubilee this weekend
But Britain's famous flag has had a chequered past, and wasn't always so coveted
Waistle says orders are "three to four times'" higher now than during the Royal Wedding
We've sold out of bunting and paper napkins, even the paper plates."
most companies are cutting staff, Waistle plans to recruit a full-time tech specialist to help with the pick
up in traffic on his websites
says sales are up at least 20% on last year, across the chain's three West End stores.
sales as "much busier"
Peering up at 147, 12 foot-high flags adorning London's shopping district, Brenda Tode shows off her new Union Jack top to classmates on a school trip from Berlin.
Consumer ConfidenceIncome (Normal Goods, Inferior Goods)NeedPopulationQualityFashion
Price of goodPrice of complementary goodsAdvertisement
Big business has long been aware of the economic benefits the nation's symbol of unity can bring. More than a decade ago British Airways and Virgin Atlantic fought over the use of the country's colors on their livery.
The flag isn't licensed, so anyone can print patriotic paraphernalia
-macroeconomics
-Monetary Policy - China's central bank decided to decrease interest rates
-however, the lending rate is still much higher than that in USA, Europe and Japan.
-recently China decreased the reserved ratio as well.
-Eurozone crisis - decrease in demand for exports - damaging to Chinese economy
-previously, China raised interest rates to decrease inflation --> however led to a slowdown in economics growth
The minimum price for that evening of athletics, with fine dining included, is £4,500.
minimum
With the start of London 2012 now little more than two months away, Prestige Ticketing has decided to change its sales strategy in order to try to offload the remaining supply.
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
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.
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.
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.
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.