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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Fat tax: Denmark's fat tax strikes again | GlobalPost - 1 views
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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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FICCI wants government to end monopoly of Coal India - Economic Times - 1 views
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Wesfarmers upbeat on retailing - 1 views
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cheaper, unbranded groceries were good for customers.
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''Offering a choice of quality private label products alongside their favourite brands is one way Coles can help,'' he said.
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Coles is ''supporting the creation of 10,000 new jobs by suppliers through volume growth'' - with $1.6 billion in extra fresh food sales per year and a doubling in the value of produce sourced directly from Australian growers.
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The strategy focused on improving the quality of Target's products and in-store services.
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The division has boosted food and liquor sales from $21 billion to an estimated $26.5 billion this year.
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Several economists said the weak data strengthened the case for further interest rate cuts, following the ANZ forecast of another 0.75 percentage points in cuts by the end of the year.
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U.S. Growth Slows to 2.2%, Report Says - NYTimes.com - 1 views
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reducing unemployment is another factor which affects GDP. State and explain how employment increases GDP. When people are employed this increases consumer confidence and results in consumers to be more willing to pay for goods and services and therefore increases consumption which is a big part of GDP.
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Explain the relationship between the GDP of other countries. Such in this time period, Greece as a country was going the path of becoming bankrupt. The Euro-crisis contracted the economy of many countries. When they have a smaller economy, they have less amount of exports and therefore this could have made the difference between exports and imports significant and influenced GDP.
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Many economists pointed out that consumer spending, mostly on cars and other large items, seemed to have come at a cost. Consumer savings declined.
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series of external shocks, like a spike in gas prices (this year’s was less severe and is already subsiding) and the Ja
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where many countries are already in recession and where this week Britain announced that it had entered the dreaded “double dip.”
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Shipments of durable goods increased last month, but new orders showed the steepest drop since January 2009.
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Natural hazards such as the Earthquake and Tsunami which hit Fukushima on March 11, reduced the exports of Japanese goods to foreign countries due to the news of radiation. Because of a decrease in demand for Japanese goods, this could have reduced imports for America and a smaller difference between exports and imports of goods.
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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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China's Chongqing Is First City to Offer Car Subsidy - 1 views
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REVE - Regulación Eólica con Vehículos Eléctricos - - 1 views
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Expo 2012 at Yeosu, South Korea.
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Offshore wind holds vast potential as a sustainable energy source for rapidly growing countries, such as South Korea with its substantial coastal areas.
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A solid foundation for Danish-Korean collaboration on wind energy has already been laid through Vestas’ long history and presence in South Korea and the strong government commitment to ensuring green growth in both Denmark and Korea.
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Both countries have clearly acknowledged that wind energy is a reliable and sustainable energy solution for the futur
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In Denmark, the government has set a goal of achieving 50 per cent of our electricity consumption from wind energy by 2020, and Korea is leading the way by systematically implementing policies required to spur Green Growth.
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We have installed more than 200 onshore wind power turbines in the country since 1998, and almost 70 per cent of installed wind power plants are currently using Vestas wind turbines.
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With our many years of experience in turning the wind into energy on land and on sea, Vestas will strive to partner with South Korea to reach their goal of building sustainable cities and ensuring future generations have a reliable source of energy
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So far, we have installed 581 offshore turbines, equalling 38 per cent of all such turbines in the world. In 2010 alone, we installed a total of 555 MW at the Robin Rigg, Thanet and Bligh Bank offshore wind farms, increasing our installed capacity to more than 1,400 MW.
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Effects of Climate Change Seen for Corn Prices - NYTimes.com - 1 views
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US subsidy decision welcomed | Business | The Guardian - 1 views
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Oxfam estimates that poor African cotton-producing countries missed out on almost $400m (£230m) in revenues between 2001 and 2003. About 10 million Africans depend directly on the crop for a living.
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Subsidies paid by the US government make it financially viable for textile manufacturers to buy expensive US cotton rather than cheaper, third-world cotton
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August exports grow 2.7% while imports drop 4.7% -- Shanghai Daily | 上海日报 -- ... - 1 views
www.shanghaidaily.com/...%2Bwhile%2Bimports%2Bdrop%2B47
economic growth Balance of Payments exports imports shanghai daily china
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Banks get tax cut and finally decide to pay up | Yen for Living - 1 views
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2 Wind Farms, 433MW of Vestas, Suzlon Turbines for RSA - 1 views
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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.
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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.
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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
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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.
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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.
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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:
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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
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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.
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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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8 States to Raise Minimum Wage - NYTimes.com - 1 views
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London Luxury-Home Price Gains Slow After Property-Tax Increase - 1 views
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-microeconomics -small growth in luxury-home prices in London after the "the government increased a tax on purchases of 2 million pounds ($3.1 million) or more" -consumers must pay more for the same good compared to before - fall in demand -prices of homes/luxury homes were growing -"Europe's debt crisis has prompted overseas investors to acquire real estate in London to preserve their wealth." - homes more scarce, hence increase in price
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-use of demand/supply curves to show the increase in demand, then show a less increase in demand after taxing
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China cuts interest rates - 1 views
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-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