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Aili Saito

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

  • double-dip recession
    • Aili Saito
       
      can be represented by a AD/AS graph (shift left in AD) -> leads to recession
    • Aili Saito
       
      UK was once in recession and they returned back into recession soon after
  • construction output
    • Aili Saito
       
      the demand of construction decreased and the AD decreases (shifts to the left)
  • economic output was slightly smaller now
    • Aili Saito
       
      again, there was a decrease in AD
  • ...6 more annotations...
  • everything we can" to generate growth
    • Aili Saito
       
      this could be monetary/fiscal policies
  • production industries decreased by 0.4%, construction decreased by 3%
    • Aili Saito
       
      both examples of why AD has decreased that lead to recession
  • government spending
    • Aili Saito
       
      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
       
      the decrease in government spending has surpassed the anticipated increase in other factors of AD
  • guarded optimism
    • Aili Saito
       
      there seems to already be business/consumer confidence
  • little more aggressive in terms of recruitment and investment.
    • Aili Saito
       
      the government wants to increase business confidence 
Shoko Kuroda

BBC News - Energy committee attacks UK carbon price - 0 views

    • Shoko Kuroda
       
      Minimum price, therefore it is micro economic
  • higher carbon options more expensive.
  • developing a low carbon economy
  • ...12 more annotations...
  • reducing uncertainty and creating incentives for investment in low carbon electricity generation now, so we have lower emissions in the future,
  • put aside money
  • The governmen
  • £250m package of support."
  • The government expects to raise £1.4bn
  • However the recession has significantly reduced industrial output - and so demand for credits to cover industrial emissions has also fallen.
  • If the actual price is below the floor, companies must pay the difference to the Treasury.
  • The extra cost will be passed on to consumers, it warns.
    • Shoko Kuroda
       
      If Carbon becomes more expensive, this reduces the number of firms which still can afford the price and therefore leads to reducing the amount of Carbon. 
    • Shoko Kuroda
       
      Recession, the business cycle suggested by Keynes can be introduced with a digram and explanation. 
    • Shoko Kuroda
       
      A diagram representing the impact of minimum price should be drawn and explained. Consumer burden needs to be explained as well. 
    • Shoko Kuroda
       
      This can be explained to support why when an economy is in recession, it has a similar impact as minimum price has. In addition, this also has a negative affect on the government who has the benefit of minimum price since then they are able to collect the money. Therefore this reduces the intention of the government to set a minimum price since they would have less benefit when the economy is in a recession. 
Cynthia Huang

More foreign currencies sold -- Shanghai Daily | 上海日报 -- English Window to China New - 0 views

  • BANKS in China sold more foreign currencies in August than July
  • yuan funds
  • fell by 17.4 billion yuan last month from July to 25.6 trillion yuan
  • ...6 more annotations...
  • apparent capital outflow from China due to the weak economic situation
  • outflow occurred as the yuan weakened against the US dollar
  • exchange rate fell from 6.3146
  • to 6.3449
  • predicts the outflow to cease
  • quantitative easing moves by the US Federal Reserve may increase liquidity worldwide and fuel the risk appetite of investors
Nofar Lapidot

Boost in US exports could create 5m jobs by 2020 -- Shanghai Daily | 上海日报 -- English Window to China New - 0 views

  •  
    Increase in exports may cause lowered un employment
senkoffa

Canada threatens higher tariffs on US wine imports | decanter.com - 0 views

  • 'retaliatory tariffs' on a range of US imports, including wine
  • US failed to change its country of origin labelling rules to comply with the WTO ruling. But, he said Canada would seek WTO approval before making a move. 
  • Canada represents the second largest export market for US wines by value behind the European Union
  • ...1 more annotation...
  • EU agreed a free trade agreement with Canada
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