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8 States to Raise Minimum Wage - NYTimes.com - 1 views

www.nytimes.com/...tes-to-raise-minimum-wage.html

shared by Zhoushu Ziporyn on 07 Jun 12 - No Cached

- Zhoushu Ziporyn on 07 Jun 12
  
  wages go up, but supply of labor does not change. This causes an excess supply of labor-- unemployment.
  
  <div class="cArrow"> </div><div class="cContentInner">wages go up, but supply of labor does not change. This causes an excess supply of labor-- unemployment.</div>
  
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- Zhoushu Ziporyn on 07 Jun 12
  
  wages go up, but supply of labor does not change. This causes an excess supply of labor-- unemployment.
  
  <div class="cArrow"> </div><div class="cContentInner">wages go up, but supply of labor does not change. This causes an excess supply of labor-- unemployment.</div>
  
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- Zhoushu Ziporyn on 07 Jun 12
  
  although more money would be payed, it would not be enough to support the poor and total unemployment will increase since there is a gap between the equilibrium point with the higher wage price level and the equilibrium with the demand curve.
  
  <div class="cArrow"> </div><div class="cContentInner">although more money would be payed, it would not be enough to support the poor and total unemployment will increase since there is a gap between the equilibrium point with the higher wage price level and the equilibrium with the demand curve.</div>
  
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Zhoushu Ziporyn on 07 Jun 12

"The minimum wage increases in Arizona, Colorado, Florida, Montana, Ohio, Oregon, Vermont and Washington will be 28 cents to 37 cents an hour, according to the National Employment Law Project." minimum wage, the minimum price for labor, has gone up in 8 states

<div class="cArrow"> </div><div class="cContentInner">"The minimum wage increases in Arizona, Colorado, Florida, Montana, Ohio, Oregon, Vermont and Washington will be 28 cents to 37 cents an hour, according to the National Employment Law Project." minimum wage, the minimum price for labor, has gone up in 8 states</div>

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BBC News - Australia plans to ban live betting odds during sports - 3 views

www.bbc.co.uk/...world-asia-pacific-22677753

shared by Alessandra Z on 31 May 13 - No Cached

bid to curb problem gambling.
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"Fans, and particularly young fans, should not be subject to excessive promotion of betting during matches.
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advertisements
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...1 more annotation...
revised code
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Alessandra Z on 31 May 13

Gambling - Demerit Good Advertising ban will lead to a decrease in demand for Gambling Negative externalities will decrease. However, Gambling = inelastic good? Addiction?

<div class="cArrow"> </div><div class="cContentInner">Gambling - Demerit Good Advertising ban will lead to a decrease in demand for Gambling Negative externalities will decrease. However, Gambling = inelastic good? Addiction?</div>

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Brazilian Coffee Minimum Price Raised 17% to Aid Farmers - Bloomberg - 2 views

www.bloomberg.com/...-raised-17-to-aid-farmers.html

shared by Marika Shimomura on 31 May 13 - No Cached

Brazilian coffee producers will harvest between 47 million bags and 50.2 million this year, approaching last year’s record 50.8 million bags, the government said in January.
- Marika Shimomura on 31 May 13
  
  Excess supply leading to the prices declining
  
  <div class="cArrow"> </div><div class="cContentInner">Excess supply leading to the prices declining</div>
  
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such as auctions or measures to compensate sales below minimum price
- Marika Shimomura on 31 May 13
  
  Government intervention
  
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minimum domestic price
- Marika Shimomura on 31 May 13
  
  Minimum price
  
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international prices
- Marika Shimomura on 31 May 13
  
  Decrease in demand leading in decrease in international prices
  
  <div class="cArrow"> </div><div class="cContentInner">Decrease in demand leading in decrease in international prices</div>
  
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307 reais ($153) per 60-kilogram (132- pound) bag, from 261.69 reais
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Brazil reaped a record crop in 2012
- Marika Shimomura on 31 May 13
  
  Increase in supply
  
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increase
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Coffee Futures Drop to Lowest Since 2009 on Ample Supply - 0 views

www.bloomberg.com/...ince-2009-on-ample-supply.html

shared by Marika Shimomura on 31 May 13 - No Cached

Marika Shimomura on 31 May 13

Excess supply

<div class="cArrow"> </div><div class="cContentInner">Excess supply</div>

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Russian Smoking Ban Takes Effect Amid Dispute Over Higher Taxes - Bloomberg - 1 views

www.bloomberg.com/...dispute-over-higher-taxes.html

shared by samuel_chan on 06 Jun 13 - No Cached

The Health Ministry proposed raising the tax
- samuel_chan on 06 Jun 13
  
  Further shift of the supply curve to the left
  
  <div class="cArrow"> </div><div class="cContentInner">Further shift of the supply curve to the left</div>
  
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minimum prices for cigarettes
- samuel_chan on 06 Jun 13
  
  Increase in price causing excess supply and a shift to the left for the supply curve
  
  <div class="cArrow"> </div><div class="cContentInner">Increase in price causing excess supply and a shift to the left for the supply curve</div>
  
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Russian Smoking Ban Takes Effect Amid Dispute Over Higher Taxes
- samuel_chan on 06 Jun 13
  
  Increase on sales tax for cigarettes and new minimum price
  
  <div class="cArrow"> </div><div class="cContentInner">Increase on sales tax for cigarettes and new minimum price</div>
  
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...2 more annotations...
doubts as to the effectiveness of some of the measures.”
- samuel_chan on 06 Jun 13
  
  As smocking is addictive it is a Inelastic good so there may be very little change
  
  <div class="cArrow"> </div><div class="cContentInner">As smocking is addictive it is a Inelastic good so there may be very little change</div>
  
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higher tobacco taxes
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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 on 05 Jun 12
  
  Microeconomics - Supply and Demand
  
  <div class="cArrow"> </div><div class="cContentInner">Microeconomics - Supply and Demand </div>
  
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- Derek Schwung on 05 Jun 12
  
  Current Prices
  
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$97 a barrel and West Texas Intermediate hitting $83.
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producing more oil than it’s consuming,
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- Derek Schwung on 05 Jun 12
  
  Excess Supply - cause
  
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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
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- Derek Schwung on 05 Jun 12
  
  Oil consumption is falling - less demand
  
  <div class="cArrow"> </div><div class="cContentInner">Oil consumption is falling - less demand </div>
  
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10 percent increase in production from OPEC during the past 12 months.
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- Derek Schwung on 05 Jun 12
  
  An outward shift in supply
  
  <div class="cArrow"> </div><div class="cContentInner">An outward shift in supply</div>
  
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- Derek Schwung on 05 Jun 12
  
  Resulting of new drilling techniques and finds
  
  <div class="cArrow"> </div><div class="cContentInner">Resulting of new drilling techniques and finds </div>
  
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, driven by new finds and drilling
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a 15-year low—a result of economic weakness and increased energy efficiency.
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- Derek Schwung on 05 Jun 12
  
  Demand is low because of economic weakness and increase energy efficiency
  
  <div class="cArrow"> </div><div class="cContentInner">Demand is low because of economic weakness and increase energy efficiency </div>
  
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The price declines
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- Derek Schwung on 05 Jun 12
  
  Decrease in price to reach equilibrium?
  
  <div class="cArrow"> </div><div class="cContentInner">Decrease in price to reach equilibrium? </div>
  
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bets that the price will rise
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- Derek Schwung on 05 Jun 12
  
  Price will rise in future
  
  <div class="cArrow"> </div><div class="cContentInner">Price will rise in future </div>
  
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, will fall to $90 a barrel by September, and that West Texas Intermediate should fall to $80.
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- Derek Schwung on 05 Jun 12
  
  Prediction for near future
  
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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
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- Derek Schwung on 05 Jun 12
  
  Gasoline should also decrease in price Happier consumers
  
  <div class="cArrow"> </div><div class="cContentInner">Gasoline should also decrease in price Happier consumers </div>
  
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- Derek Schwung on 06 Jun 12
  
  This is the article for my IA 1
  
  <div class="cArrow"> </div><div class="cContentInner">This is the article for my IA 1</div>
  
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BBC News - Thailand exports fall in April as global demand slows - 5 views

www.bbc.co.uk/...business-18203209

shared by Fuyuka Nakamura on 07 Jun 12 - No Cached

Thailand exports fall in April as global demand slows
- Fuyuka Nakamura on 07 Jun 12
  
  Article 2: Demand and Supply
  
  <div class="cArrow"> </div><div class="cContentInner">Article 2: Demand and Supply</div>
  
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falling demand
- Fuyuka Nakamura on 07 Jun 12
  
  There was a fall in demand of goods/services from Thailand, as demand from their main exporters (US/Europe) decreased.
  
  <div class="cArrow"> </div><div class="cContentInner">There was a fall in demand of goods/services from Thailand, as demand from their main exporters (US/Europe) decreased.</div>
  
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exports
- Fuyuka Nakamura on 07 Jun 12
  
  One of the components of AD. Therefore, it will affect the Country's GDP as well.
  
  <div class="cArrow"> </div><div class="cContentInner">One of the components of AD. Therefore, it will affect the Country's GDP as well.</div>
  
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Manufacturing and export sector are key contributors to Thailand's economic growth
- Fuyuka Nakamura on 07 Jun 12
  
  This explains that exports is a key component in the country's GDP. A decrease in export will affect the country's GDP heavily. (GDP decreases)
  
  <div class="cArrow"> </div><div class="cContentInner">This explains that exports is a key component in the country's GDP. A decrease in export will affect the country's GDP heavily. (GDP decreases)</div>
  
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eurozone debt crisis
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eurozone's ongoing problems will continue to drag
- Fuyuka Nakamura on 07 Jun 12
  
  Meaning demand will keep on decreasing in Europe/USA, decreasing the exports from Thailand even more.
  
  <div class="cArrow"> </div><div class="cContentInner">Meaning demand will keep on decreasing in Europe/USA, decreasing the exports from Thailand even more.</div>
  
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foreign sales accounting for more than half of Thailand's gross domestic product
- Fuyuka Nakamura on 07 Jun 12
  
  Represent how exports are more important than consumption/any other factors in determining GDP in Thailand.
  
  <div class="cArrow"> </div><div class="cContentInner">Represent how exports are more important than consumption/any other factors in determining GDP in Thailand.</div>
  
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on Thai
- Fuyuka Nakamura on 07 Jun 12
  
  Graph: D shifts down. QD and QP decreases for particular manufactured good. Graph 2: AD shifts down, shrinking the economy.
  
  <div class="cArrow"> </div><div class="cContentInner">Graph: D shifts down. QD and QP decreases for particular manufactured good. Graph 2: AD shifts down, shrinking the economy.</div>
  
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Excessive flooding last last year caused damage to factories and businesses, hurting production
- Fuyuka Nakamura on 07 Jun 12
  
  Another reason to why their economic growth is slumping. This will result from a shift in the supply curve.
  
  <div class="cArrow"> </div><div class="cContentInner">Another reason to why their economic growth is slumping. This will result from a shift in the supply curve.</div>
  
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economic problems
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boosting domestic consumption
- Fuyuka Nakamura on 07 Jun 12
  
  A key component in AD/ GDP. By increasing consumption, AD and GDP will increase, boosting the economic growth.
  
  <div class="cArrow"> </div><div class="cContentInner">A key component in AD/ GDP. By increasing consumption, AD and GDP will increase, boosting the economic growth.</div>
  
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- Fuyuka Nakamura on 07 Jun 12
  
  Graph: Rise in AD, real GDP increase.
  
  <div class="cArrow"> </div><div class="cContentInner">Graph: Rise in AD, real GDP increase.</div>
  
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Thailand
- Fuyuka Nakamura on 08 Jun 12
  
  Will this Article count as Macro?
  
  <div class="cArrow"> </div><div class="cContentInner">Will this Article count as Macro?</div>
  
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BBC News - London 2012: Olympic VIP tickets still to sell - 1 views

www.bbc.co.uk/uk-18073585

Micro Economics Demand & Supply Maximum Price

shared by Arla Takala on 08 Jun 12 - No Cached

- Shani Juds on 08 Jun 12
  
  decrease in demand
  
  <div class="cArrow"> </div><div class="cContentInner">decrease in demand</div>
  
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- Shani Juds on 08 Jun 12
  
  lack of interest
  
  <div class="cArrow"> </div><div class="cContentInner">lack of interest</div>
  
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- Arla Takala on 08 Jun 12
  
  isnt it because the tickets are too expensive?
  
  <div class="cArrow"> </div><div class="cContentInner">isnt it because the tickets are too expensive? </div>
  
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- Shani Juds on 08 Jun 12
  
  not everyone is willing and able - mainly able
  
  <div class="cArrow"> </div><div class="cContentInner">not everyone is willing and able - mainly able</div>
  
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...9 more annotations...
- Shani Juds on 08 Jun 12
  
  minimum price
  
  <div class="cArrow"> </div><div class="cContentInner">minimum price</div>
  
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unsold.
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- Shani Juds on 08 Jun 12
  
  maximum price - excess supply
  
  <div class="cArrow"> </div><div class="cContentInner">maximum price - excess supply</div>
  
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- Shani Juds on 08 Jun 12
  
  lowering maximum price
  
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Prestige Ticketing.
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While many sports fans have struggled
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The minimum price for that evening of athletics, with fine dining included, is £4,500.
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minimum
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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.
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