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

www.decanter.com/...her-tariffs-on-us-wine-imports international economics protectionism tariffs trade exports
shared by senkoffa on 16 Nov 13 - No Cached
  • '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
1More

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
1More

Tobacco companies ordered to advertise smoking risk - Nov. 27, 2012 - 2 views

money.cnn.com/...index.html
shared by kakomori on 31 May 13 - No Cached
  • - "Smoking kills, on average, 1,200 Americans. Every day." - "More people die every year from smoking than from murder, AIDS, suicide, drugs, car crashes, and alcohol, combined." - "Secondhand smoke kills over 3,000 Americans each year."
18More

BP, Shell raided over alleged price fixing | Business News | Business and Finance News ... - 2 views

www.heraldsun.com.au/...story-fndgp8b1-1226642946822 oil pricefixing theoryofthefirm oligopolies
shared by Jin Seo on 31 May 13 - No Cached
  • crude oil, refined oil products and biofuels purchases and sales
    • Jin Seo
      Jin Seo on 31 May 13
       
      Oil - one of the most inelastic good   
  • Statoil
  • ...9 more annotations...
  • Platts
  • final consumers
  • colluded
  • prevented others from participating in the price assessment process, with a view to distorting published prices.
  • price fixing
  • cartels
    • Jin Seo
      Jin Seo on 31 May 13
       
      formal collusion; cartels are group of competitive firms colluding together to act as a monopoly - why is a monopoly market structure attractive to producers? 
  • High oil prices are crushing families across Britain. Motorists are being taken for a very expensive ride.''
    • Jin Seo
      Jin Seo on 31 May 13
       
      reasons why oligopolies are strictly monitored 
    • Jin Seo
      Jin Seo on 31 May 13
       
      and also why oligopolies want to collude to become a monopoly 
  • Libor scandal
    • Jin Seo
      Jin Seo on 31 May 13
       
      largest price fixing scandal
  • transparency.''
    • Jin Seo
      Jin Seo on 31 May 13
       
      what would the evaluation contain?  - is it good or bad? (for consumers (benefits of colluding) and producers)  - BP oil competition = shows how having contest ability may be dangerous  - what can the governments do to stop collusion from happening? 
  • Jin Seo on 31 May 13
     
    oil price fixing in the EU
1More

China's Gold Demand to Slow From April Surge: Association - Bloomberg - 0 views

www.bloomberg.com/...m-april-surge-association.html gold demand china microeconomics
shared by Jin Seo on 31 May 13 - No Cached
  • Jin Seo on 31 May 13
     
    Demand of gold in china slows down 
1More

Japan presses Ukraine on car tariffs | The Japan Times - 0 views

www.japantimes.co.jp/...presses-ukraine-on-car-tariffs Tariffs
shared by Kento Watanabe on 14 Nov 13 - No Cached
  • Kento Watanabe on 14 Nov 13
     
    Econ IA - International
1More

Kenyan MPs defy president, hike pay to 130 times minimum wage | Reuters - 1 views

www.reuters.com/...a-reform-idUSBRE94R0MW20130528 reuters
shared by Mattias Lindell on 31 May 13 - No Cached
  • Mattias Lindell on 31 May 13
     
    Keyan Minimum Wage
2More

Stateline - Colorado, Washington hope to bring in millions from marijuana taxes but the... - 3 views

www.pewstates.org/...ay-not-materialize-85899475843
shared by klemens koestler on 31 May 13 - No Cached
  • Tax Revenue Estimates From Legal Marijuana May Not
  • klemens koestler on 31 May 13
     
    demand & supply, taxes, revenue, black market
1More

Shinzo Abe's quantitative easing: Japan can have a 'free lunch' and eat it too | Mark W... - 0 views

www.theguardian.com/...-abe-quantitative-easing-japan Abenomics Expansionary Policy Quantitative Easing
shared by Kento Watanabe on 20 Oct 13 - No Cached
  • Kento Watanabe on 20 Oct 13
     
    Abenomics
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BBC News - Chocolate firms Nestle and Mars accused of price-fixing - 0 views

www.bbc.co.uk/...business-22807887
shared by grace turner on 12 Jun 13 - No Cached
  • price-fixing
  • conspiracy
  • Nestle Canada, Mars Canada, and the distributors ITWAL have been charged
  • ...5 more annotations...
  • Hershey Canada, an alleged co-conspirator, is expected to plead guilty at a hearing later this month in exchange for leniency.
  • Three individuals have also been charged as part of the investigation.
  • Mars, Nestle and ATWAL vowed to fight the charges
  • "It is Mars Canada's policy not to comment on pending litigation and we are therefore unable to make any additional comments in relation to this matter, which is now before the court.
    • grace turner
      grace turner on 12 Jun 13
       
      theory of oligopoly what it means to price fix
    • grace turner
      grace turner on 12 Jun 13
       
      possibly luxury vs. necessity-elasticities that make it possible?- chocolate is somewhat addictive...
  • grace turner on 12 Jun 13
     
    mine :)
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BP, Shell raided over alleged price fixing | News.com.au - 1 views

www.news.com.au/...story-fnda1bsz-1226642946822 pricefixing EU shell BP
shared by Jin Seo on 12 Jun 13 - No Cached
  • cartels
    • Jin Seo
      Jin Seo on 12 Jun 13
       
      formal collusion; cartels are group of competitive firms colluding together to act as a monopoly - why is a monopoly market structure attractive to producers?
  • market manipulation
    • Jin Seo
      Jin Seo on 12 Jun 13
       
      The act of artificially inflating or deflating the price of a security 
  • prices of crude oil, refined oil products and biofuels purchases and sales, potentially harming final consumers
    • Jin Seo
      Jin Seo on 12 Jun 13
       
      oil- one of the most inelastic goods due to its high demand and usage in producing a lot of consumer goods 
  • ...9 more annotations...
  • price fixing
    • Jin Seo
      Jin Seo on 12 Jun 13
       
      price fixing = market manipulation 
  • BP, Shell and Norway's Statoil
    • Jin Seo
      Jin Seo on 12 Jun 13
       
      what sort of market structure are they in? oligopoly and their tendency to collude = because they are profit maximizers 
  • European Commission
    • Jin Seo
      Jin Seo on 12 Jun 13
       
      have monitoring for these companies due to high probabilities of collusion 
  • collude
  • prevented others from participating in the price assessment process
    • Jin Seo
      Jin Seo on 12 Jun 13
       
      fairly high barriers to entry - one of the characteristics of an oligopoly 
  • the market vulnerable to abuse
  • Consumers need to know that the prices they pay for their energy or petrol are fair, transparent and not being manipulated by traders
  • High oil prices are crushing families across Britain
  • market transparency
    • Jin Seo
      Jin Seo on 12 Jun 13
       
      EVALUATION: what would the evaluation contain?   - is it good or bad? (for consumers (benefits of colluding) and producers)   - BP oil competition = shows how having contest ability may be dangerous   - what can the governments do to stop collusion from happening? 
  • Jin Seo on 12 Jun 13
     
    Price fixing of oil companies in the EU
3More

BBC News - Drop in Scottish alcohol sales 'due to multi-buy ban' - 2 views

www.bbc.co.uk/...uk-scotland-22598494
shared by mariashishi on 31 May 13 - No Cached
  • minimum unit pricing
  • fallen by 2.6% in the year since multi-buy promotions were banned
  • cut in sales, alcohol consumption remained high and alcohol was still sold at low prices
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