Panasonic looking to slash HQ personnel
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Panasonic looking to slash HQ personnel | The Japan Times Online - 2 views
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reduce costs and streamline the organization
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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.
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drastic workforce downsizing at its Osaka
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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
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redirecting company resources into new growth areas
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energy-efficient products and solar panels
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loss of ¥772.17 billion
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36,000 over the year to some 330,000
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Banks received 'implicit' taxpayer subsidy of up to £220bn, Bank of England s... - 0 views
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One of the major benefits to banks was lower borrowing costs, because the paper argues that witho
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he resulting cost to society of financial crises, not least the reduction in GDP, could far exceed the original implicit subsidy
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BBC News - Samsung and LG fined by regulator for price fixing - 2 views
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The companies face a penalty of 44.6bn won ($39m; £25.2m), said the Fair Trade Commission (FTC).
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"Their price rigging caused damage to many consumers by leading the prices of washing machines, flat-panel TVs and laptop computers to rise
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South Korea's antitrust regulator has fined Samsung Electronics and LG Electronics for conspiring to fix the prices of some appliances.
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allAfrica.com: Zambia: Govt Unveils Maize Floor Price - 5 views
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Maize is a good, which has many complimentary goods, because it is a staple food in many recipes. This can be shown in a cross price elasticity diagram.
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It is also a substitute good. Though carbs of some kind are a necessity, people could by wheat or rice or millet instead. You could consider looking at prices of substitute goods.
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BBC News - Chivas Brothers outlines £40m whisky investment plans - 3 views
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Drinks firm Chivas Brothers has outlined a £40m investment programme as it seeks to meet growing demand for whisky in emerging markets.
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Chivas aims to boost its malt whisky distillation capacity by 25%
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Glen Keith is expect to reopen in April 2013, having been mothballed in 2000.
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This investment, allied to strong market growth
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New heat recovery technology is also being introduced to make stills 25% more efficient.
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The company is to reopen a mothballed distillery in Banffshire and expand four existing distilleries as part of its plans for the year.
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£40m investment programme for the year was in line with average amounts spent annually over the past few years.
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Falling Oil Prices Are No Mystery - Businessweek - 1 views
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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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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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allAfrica.com: Nigeria: New Electricity Tariff Takes Off Today - 1 views
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Weak Job Growth in May as Unemployment Rate Ticked Up - NYTimes.com - 0 views
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A graph indicating the consequences of decrease in consumer confidence and how it shifts AD to the left can be shown through a graph. Increase in demand for a higher price of unemployment benefits can be drawn on a graph illustrating the impact on GDP. A brief explanation of consumer confidence and the basic components of GDP should be mentioned and explained.
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Weak Job Growth in May as Unemployment Rate Ticked Up - NYTimes.com - 0 views
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The unemployment rate rose to 8.2 percent in May from 8.1 in April, though largely because more people began looking for work.
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Unemployment raises when there is more demand for working because no matter whether there is an increase or decrease in the working labour force, the number of available jobs are limited. Because there is a limited number in the number of jobs, the increase in demand for employment raises the unemployment rate.
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The report on American jobs added to the global pall that has deepened with Europe’s debt crisis and slowing growth in China and India.
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This indicates the influence of America's unemployment rate as well as their economic growth to the other major countries, such as China and India. A increase in America's unemployment rate resulting in a decrease in America's GDP growth has affect on the economy of China and India, such as in exporting goods.
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Yields on United States and German government bonds also slumped as investors bid up the bonds’ prices looking for safety.
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The underlying pace of the domestic economy is a slog, driven by manufacturing and restrained by slackening global demand.
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The May jobs report showed gains in health care, transportation and warehousing, and wholesale trade, while construction jobs fell by a seasonally adjusted 28,000. Even some bright spots, like booming auto sales, failed to meet expectations or to bolster manufacturing employment by much — only 12,000 jobs.
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Are you ready for the $60 light bulb? - 0 views
www.mercurynews.com/...are-you-ready-60-light-bulb
substitute goods microeconomics subsidizing san jose mercury news
shared by Cynthia Huang on 03 Jun 12
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I can't comment on the actual article, so here are my points: -this shows a case of substitute goods that happen to be merit goods. the manufacturer, Philips, has created an eco-friendly lightbulb that will last about 20 years. however, it also has other eco-friendly light bulbs that cost a fraction of the current set price. -the price is currently quite expensive, but the manufacturer is currently subsidizing the product for customers. -a diagram of positive consumption externalities can be shown, using the prices mentioned in the article.
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Fat tax: Denmark's fat tax strikes again | GlobalPost - 1 views
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Denmark first slapped a fat tax on saturated fats. Now lawmakers plan to hit sugar, and even chocolate consumption, in the second wave of its pioneering assault on the country's bulging waistlines and clogged arteries.
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Denmark will levy an extra six Danish Kroner ($1.05) on every kilogram of chocolate. The tax would go into effect on January 1.
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From 2013, lawmakers plan a levy on the sugar-content of processed food set at as much as 24 Kroner ($4.20) per kilogram.
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"The new tax on sugar in food will first be implemented from 2013, and the details will be discussed in the coming year,"
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The rationale is to improve the health in the Danish population by giving a stronger incitement to buy more healthy food.
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It's a trend that could be mimicked all over the world
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Mike Rayner, Director of Oxford University’s Health Promotion Research Group, said that combining the fat tax with higher taxes on sugary products would prevent people substituting fatty foods with sugary treats.
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"I think the saturated fat tax by itself would not have been particularly useful, but a saturated fat tax in conjunction with a higher tax on sugary products means they are trying to tackle unhealthy foods on two fronts."
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The 86 million invisible unemployed - May. 3, 2012 - 1 views
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population growth
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labor force is now at its smallest size since the 1980s when compared to the broader working age population.
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Last year, 86 million Americans were not counted in the labor force because they didn't keep up a regular job search. Most of them were either under age 25 or over age 65.
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that doesn't include the millions of nonworking adults who aren't even looking for a job anymore.
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unemployment rate is falling
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A person is counted as part of the labor force if they have a job or have looked for one in the last four weeks.
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63.6% of Americans over the age of 16 fell into that category
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Only people looking for work are considered officially unemployed.
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The unofficially unemployed
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weren't consistently looking for one
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Older people, ages 65 and over, account for more than a third.
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Young people between 16 and 24 make up another fifth.
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unemployed
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BBC News - Japan retail sales and household spending continues in April - 2 views
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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
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t consumer sentiment was also improving
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Last year people didn't travel much after the earthquake, but this year we see people willing to spend more money on vacations
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US economy points to jobless misery | Latest Business & Australian Stock market News | ... - 1 views
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Payrolls firm ADP reported private-sector employment rose by a modest 133,000 jobs in May, well below expectations, from April's 113,000 number.
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US unemployment benefits - indicating the pace of layoffs - rose by 10,000 to 383,000 in the week ending May 26,
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The lackluster data came just five months ahead of the November presidential election in a race dominated by high unemployment concerns.
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The first-quarter slowdown was due in part to declines in private inventory investment and a pick-up in imports,
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Fresh jobs indicators for May on Thursday suggested that second-quarter economic conditions would do little to spur recovery in the sick labor market.
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Spain goes from boom to bust in a hectic 10 years - Yahoo! News - 4 views
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—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.
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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)
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the jobless rate for those aged between 16 and 24 is 52 percent.
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in sales taxes to get a handle on the size of government debt and appease markets.
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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)
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Euro-Region Inflation Rate Declines More Than Forecast - Bloomberg - 2 views
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fell to 2.4 percent from 2.6 percent
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Crude-oil prices have dropped about 16 percent in the past two months, easing inflation pressures
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The type of inflation the region is in could be "cost-push inflation" due to changes in the prices of oil affecting the inflation rate.
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decrease in oil - oil would be part of basket of goods for CPI - inflation could be higher because governments could underrate the spending on oil and change figures
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Still, data today showed the German unemployment rate fell to 6.7 percent in May from 6.8 percent
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U.K. House Prices Rose on Supply Shortage, Nationwide Says - Bloomberg - 1 views
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lack of homes for sale supported values
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Prices gained 0.3 percent from April, when they fell by the same amount
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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,
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rising unemployment and concerns about the euro-area debt crisis undermine consumer confidence
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“Even though optimism about how the economy will perform” has improved, “it is still significantly down on where it was this time last year.”
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consumer confidence rose in May for the first time in four months as Britons became more optimistic about the economy.
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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.
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German Jobless Rate Hits Low - WSJ.com - 3 views
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The seasonally adjusted unemployment rate fell to 6.7%—the lowest since comparable records began in 1998—from 6.8% in April, according to data from the country's labor agency Thursday. Economists had expected the adjusted unemployment rate to remain at 6.8%.
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Earlier Thursday, Germany's statistics office reported a higher than expected rise in retail sales in April, which economists attributed in part to the robust labor market.
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However, Germany's Bundesbank warned last week that the first-quarter growth figure likely overstates the country's trend pace. Germany's powerful industrial sector will only make "a relatively small contribution" to growth given the still falling demand from the euro zone, the central bank said. However, a significant growth contribution could come both from construction and consumption, it added.
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Student loan debt continues to rise - latimes.com - 0 views
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Student loan debt continues to rise
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"Student loan debt continues to grow even as consumers reduce mortgage debt and credit card balances,"