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Emily Hoshi

The 86 million invisible unemployed - May. 3, 2012 - 1 views

money.cnn.com/...index.htm

shared by Emily Hoshi on 01 Jun 12 - No Cached
  • population growth
    • Emily Hoshi
      Emily Hoshi on 01 Jun 12
       
      :D?
  • labor force is now at its smallest size since the 1980s when compared to the broader working age population.
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      One of the reasons to why there as an increase in unemployment.
    • Emily Hoshi
      Emily Hoshi on 01 Jun 12
       
      Two graphs with the unemployment in micro perspective graph and the boarder working age population (basically population graph of workers) graph to compare and analyze the effects 
  • 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.
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      Could use the numbers and percentages to create a graph.
    • Emily Hoshi
      Emily Hoshi on 01 Jun 12
       
      This can be shown with unemployment in microeconomics perspective graph
  • ...11 more annotations...
  • that doesn't include the millions of nonworking adults who aren't even looking for a job anymore.
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      Since unemployment is when a worker is willing and able to work at a given wage rate but there is no job (work) available, when they have given up to look for a job they are not counted in the unemployment rate anymore.
  • unemployment rate is falling
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      Could show the unemployment fall on a graph.
  • 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.
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      Definition
  • 63.6% of Americans over the age of 16 fell into that category
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      Again, could use the statistics to show how it has hit a very low labour force participation rate.
  • Only people looking for work are considered officially unemployed.
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      Again, definition of unemployment.
  • The unofficially unemployed
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      It is not that the people who were unemployed were not looking for jobs at all.
  • weren't consistently looking for one
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      The reason for them being "unofficially unemployed".
  • Older people, ages 65 and over, account for more than a third.
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      They can live on either their savings or the money from the government. 
  • Young people between 16 and 24 make up another fifth.
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      Off for education?
  • unemployed
    • Ayaka Matsumura
      Ayaka Matsumura on 01 Jun 12
       
      Types of unemployment: structural, frictional, cyclical, seasonal, natural rate
  • recession
Ryo Sakai

U.K. House Prices Rose on Supply Shortage, Nationwide Says - Bloomberg - 1 views

www.bloomberg.com/...-shortage-nationwide-says.html

shared by Ryo Sakai on 31 May 12 - No Cached
  • lack of homes for sale supported values
    • Faizal Zubir
      Faizal Zubir on 31 May 12
       
      The factor causing the increase in house prices.
  • Prices gained 0.3 percent from April, when they fell by the same amount
    • Faizal Zubir
      Faizal Zubir on 31 May 12
       
      In a supply-demand graph, the percentage can be put.
  • 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,
    • Faizal Zubir
      Faizal Zubir on 31 May 12
       
      Reasons as to why demand for houses is still weak, and again, the lack of supply.
  • ...4 more annotations...
  • rising unemployment and concerns about the euro-area debt crisis undermine consumer confidence
    • Faizal Zubir
      Faizal Zubir on 31 May 12
       
      The housing market heavily depends on the current economic situation.
  • “Even though optimism about how the economy will perform” has improved, “it is still significantly down on where it was this time last year.”
    • Faizal Zubir
      Faizal Zubir on 31 May 12
       
      A possible evaluation about the consumer confidence. Although the stats/index suggests that consumer confidence is improving, it doesn't mean the economy is fully recovered.
  • consumer confidence rose in May for the first time in four months as Britons became more optimistic about the economy.
    • Ryo Sakai
      Ryo Sakai on 01 Jun 12
       
      Consumer confidence rose, which most likely means there will be an increase in consumption, which will grow the economy. 
  • 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.
    • Ryo Sakai
      Ryo Sakai on 01 Jun 12
       
      Shows they still haven't recovered, even though they are getting close.
Kat Whatley

allAfrica.com: Nigeria: New Electricity Tariff Takes Off Today - 1 views

allafrica.com/...201206010242.html

electricity Micoreconomics Subsidies Monopoly

shared by Kat Whatley on 06 Jun 12 - No Cached
  • Kat Whatley on 06 Jun 12
     
    This will be my IA 1
Joe Kanagawa

BBC News - Rail fares up by average 6.2% in new year - 1 views

www.bbc.co.uk/uk-11818904

shared by Joe Kanagawa on 06 Jun 12 - No Cached
  • Rail fares up by average 6.2% in new year
    • Joe Kanagawa
      Joe Kanagawa on 06 Jun 12
       
      (reposting, deleted by accident) - Micro
Ryo Sakai

FICCI wants government to end monopoly of Coal India - Economic Times - 1 views

articles.economictimes.indiatimes.com/...ing-ficci-president-coal-india

shared by Ryo Sakai on 06 Jun 12 - No Cached
    • Ryo Sakai
      Ryo Sakai on 06 Jun 12
       
      Why are monopolies bad? Other good suggestions such as monopolistic competition and perfect competition. 
    • Ryo Sakai
      Ryo Sakai on 06 Jun 12
       
      Wants to end monopoly because they need more demand for coal
  • Ryo Sakai on 06 Jun 12
     
    This will be my IA article
Faizal Zubir

China's Chongqing Is First City to Offer Car Subsidy - 1 views

www.businessweek.com/...irst-city-to-offer-car-subsidy

Subsidies Externalities

shared by Faizal Zubir on 06 Jun 12 - No Cached
  • Faizal Zubir on 06 Jun 12
     
    IA 2: Macro
Christian Bager

REVE - Regulación Eólica con Vehículos Eléctricos - - 1 views

www.evwind.es/noticias.php

denmark Vestas Windmills South-Korea Expo-2012

shared by Christian Bager on 06 Jun 12 - No Cached
  • Expo 2012 at Yeosu, South Korea.
    • Christian Bager
      Christian Bager on 06 Jun 12
       
      Target date of reveal for their further plans
  • Offshore wind holds vast potential as a sustainable energy source for rapidly growing countries, such as South Korea with its substantial coastal areas.
    • Christian Bager
      Christian Bager on 06 Jun 12
       
      Showing where there is an increase in demand of the product.
  • 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.
  • ...5 more annotations...
  • Both countries have clearly acknowledged that wind energy is a reliable and sustainable energy solution for the futur
    • Christian Bager
      Christian Bager on 06 Jun 12
       
      Showing how both side believe that the demand for wind turbines may increase over the next years, and how it currently stands.
  • 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.
  • 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.
    • Christian Bager
      Christian Bager on 06 Jun 12
       
      Showing the current supply of wind turbines in Korea and how that compares to the Vestas Market share
  • 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
  • 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.
  • Christian Bager on 06 Jun 12
     
    The one I will use from my IA
  • Christian Bager on 06 Jun 12
     
    First IA
Ayaka Matsumura

Effects of Climate Change Seen for Corn Prices - NYTimes.com - 1 views

www.nytimes.com/...fect-seen-for-corn-prices.html

shared by Ayaka Matsumura on 06 Jun 12 - No Cached
  • “and that will greatly exacerbate the price spikes brought on by climate change.”
  • Ayaka Matsumura on 06 Jun 12
     
    First IA Article.
Mo Settles

Union Jack brings boom for British business - CNN.com - 1 views

edition.cnn.com/...index.html

shared by Mo Settles on 06 Jun 12 - No Cached
    • Mo Settles
      Mo Settles on 06 Jun 12
       
      Demand and Supply
  • current form since 1801,
  • flag isn't licensed, anyone can print their own patriotic paraphernalia without having to pay any royalties.
  • ...12 more annotations...
  • Prince William's wedding to Catherine Middleton last year to the Queen's Diamond Jubilee this weekend
  • But Britain's famous flag has had a chequered past, and wasn't always so coveted
  • Waistle says orders are "three to four times'" higher now than during the Royal Wedding
  • We've sold out of bunting and paper napkins, even the paper plates."
  • most companies are cutting staff, Waistle plans to recruit a full-time tech specialist to help with the pick
  • up in traffic on his websites
  • says sales are up at least 20% on last year, across the chain's three West End stores.
  • sales as "much busier"
  • Peering up at 147, 12 foot-high flags adorning London's shopping district, Brenda Tode shows off her new Union Jack top to classmates on a school trip from Berlin.
    • Mo Settles
      Mo Settles on 06 Jun 12
       
      Consumer ConfidenceIncome (Normal Goods, Inferior Goods)NeedPopulationQualityFashion Price of goodPrice of complementary goodsAdvertisement 
  • Big business has long been aware of the economic benefits the nation's symbol of unity can bring. More than a decade ago British Airways and Virgin Atlantic fought over the use of the country's colors on their livery.
  • The flag isn't licensed, so anyone can print patriotic paraphernalia
  • Mo Settles on 06 Jun 12
     
    My first IA
Adam Seldis

http://people.virginia.edu/~cah2k/publictr.pdf - 1 views

people.virginia.edu/...publictr.pdf

Public goods

shared by Adam Seldis on 04 Feb 12 - No Cached
  • Adam Seldis on 04 Feb 12
     
    Public goods game
Emily Hoshi

Banks get tax cut and finally decide to pay up | Yen for Living - 1 views

blog.japantimes.co.jp/...t-and-finally-decide-to-pay-up

shared by Emily Hoshi on 06 Jun 12 - No Cached
  • Emily Hoshi on 06 Jun 12
     
    This is my 1st IA not the first one about panasonic
Christian Bager

2 Wind Farms, 433MW of Vestas, Suzlon Turbines for RSA - 1 views

www.ibtimes.co.uk/...vestas-suzlon-turbines-rsa.htm

shared by Christian Bager on 06 Jun 12 - No Cached
  • 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.
  • 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.
  • 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
  • ...6 more annotations...
  • social, economic and environmental goals.
  • 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.
  • 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.
  • 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:
  • 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
  • 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.
Shoko Kuroda

U.S. Growth Slows to 2.2%, Report Says - NYTimes.com - 1 views

www.nytimes.com/...s-to-2-2-rate-report-says.html

shared by Shoko Kuroda on 31 May 12 - No Cached
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      It clearly states that the increase in consumer confidence shifted the AD curve to the right and how this lead to the stable US GDP growth
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      can draw a graph describing the growth in GDP by a AD curve shift to the right
  • Business investment, which had been a bright spot, declined in the most recent quarter.
  • ...24 more annotations...
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Business investment is stated as another factor which contributed to the decrease in GDP growth 
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Explanation as to what is GDP, its definition and the major factors which influence GDP. GDP= C (consumption)+G (government spending) +I (investment) +(X-M) (exports- imports)
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Could give an insight to some statistics as to what the GDP growth rates are for few countries around the world 
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Evaluate on the two different perspectives and the extent to both are valid 
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      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. 
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      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. 
  • Government spending also fell
  • particularly large drop in military outlays.
  • Many economists pointed out that consumer spending, mostly on cars and other large items, seemed to have come at a cost. Consumer savings declined.
  • decline in business investment.
  • Businesses spent more on equipment and software but much less on infrastructure.
  • decline in investment in
  • construction related to mining, oil and gas
  • series of external shocks, like a spike in gas prices (this year’s was less severe and is already subsiding) and the Ja
  • panese earthquake.
  • where many countries are already in recession and where this week Britain announced that it had entered the dreaded “double dip.”
  • slowing of China’s breakneck
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Decline in business investment, infrastructures invest more money therefore bring a bigger influence on growth of GDP whereas equipment and software have little affect since it is not as expensive as building roads and buildings. 
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Investment on construction of mining, oil and gas is similar to business investment on infrastructure since they acquire a lot of money whereas spendings on factories and office buildings are not as expensive as construction related spending. 
  • Shipments of durable goods increased last month, but new orders showed the steepest drop since January 2009.
  • unemployment benefits have risen.
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Unemployment benefits have risen, indicating that since there is a population who dont have a job, the government has to afford them unemployment benefits which reduces GDP. 
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      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. 
    • Shoko Kuroda
      Shoko Kuroda on 31 May 12
       
      Because China has such a global impact on the world's economy, the slowing growth of the Chinese economy could reduce consumption of goods, considering the fact that the prices of Chinese goods could increase. 
Kat Whatley

Wesfarmers upbeat on retailing - 1 views

www.smh.com.au/...-retailing-20120530-1zjgy.html

shared by Kat Whatley on 31 May 12 - No Cached
  • cheaper, unbranded groceries were good for customers.
    • Kat Whatley
      Kat Whatley on 31 May 12
       
      These are inferior goods
  • ''Offering a choice of quality private label products alongside their favourite brands is one way Coles can help,'' he said.
    • Kat Whatley
      Kat Whatley on 31 May 12
       
      Given the option, consumers are willing to opt for the cheaper, unbranded version amid high economic costs.
  • 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.
    • Kat Whatley
      Kat Whatley on 31 May 12
       
      Shows economies of scale: Coles can sell cheaper because as a chain they can source from farmers directly. This lowers their costs of production and thus lowers consumer prices.
  • ...3 more annotations...
  • The strategy focused on improving the quality of Target's products and in-store services.
    • Kat Whatley
      Kat Whatley on 31 May 12
       
      Target is one of a few very large clothing stores in Australia. Like an oligopolistic market, Westerfarmers must use non price determinant factors to get more consumers.
  • The division has boosted food and liquor sales from $21 billion to an estimated $26.5 billion this year.
    • Kat Whatley
      Kat Whatley on 31 May 12
       
      Large gains in profit due to cheaper costs and more sales.
  • 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.
    • Kat Whatley
      Kat Whatley on 31 May 12
       
      This is amid low growth rates for Australia. Suggests monetary policy as a solution.
Yihan Li

China's farm subsidies soar but OECD states' at record low - 1 views

phys.org/...-farm-subsidies-soar-oecd.html

shared by Yihan Li on 07 Jun 12 - No Cached
  • China's farm subsidies soar but OECD states' at record low
Zhoushu Ziporyn

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
      Zhoushu Ziporyn on 07 Jun 12
       
      wages go up, but supply of labor does not change. This causes an excess supply of labor-- unemployment.
    • Zhoushu Ziporyn
      Zhoushu Ziporyn on 07 Jun 12
       
      wages go up, but supply of labor does not change. This causes an excess supply of labor-- unemployment.
    • Zhoushu Ziporyn
      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.
  • 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
Christina Seward

US subsidy decision welcomed | Business | The Guardian - 1 views

www.guardian.co.uk/...fairtrade.ethicalliving

shared by Christina Seward on 06 Jun 12 - No Cached
    • Christina Seward
      Christina Seward on 06 Jun 12
       
      with no cotton subsidy from the government, what effect will that have on the market?
    • Christina Seward
      Christina Seward on 06 Jun 12
       
      this is whats happening now. with the subsidy, it means that the US cotton market is going well because they can sell more with the subsidy from the government
    • Christina Seward
      Christina Seward on 06 Jun 12
       
      what effect the US having no subsidy on the cotton will have for the 3rd world cotton that is being sold as a second to the US cotton
  • ...3 more annotations...
  • 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.
  • Subsidies paid by the US government make it financially viable for textile manufacturers to buy expensive US cotton rather than cheaper, third-world cotton
  • World Trade Organisation.
J Hwang

London Luxury-Home Price Gains Slow After Property-Tax Increase - 1 views

www.bloomberg.com/...ter-property-tax-increase.html

house prices microeconomics demand

shared by J Hwang on 07 Jun 12 - No Cached
  • J Hwang on 07 Jun 12
     
    -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
  • J Hwang on 07 Jun 12
     
    -use of demand/supply curves to show the increase in demand, then show a less increase in demand after taxing
Nayana Devadas

BBC NEWS - Australia's economy grows by more than expected - 1 views

m.bbc.co.uk/...business-18336521

shared by Nayana Devadas on 07 Jun 12 - No Cached
    • Nayana Devadas
      Nayana Devadas on 07 Jun 12
       
      Related to AD and macroeconomics
  • he latest gross domestic product (GDP)
    • Nayana Devadas
      Nayana Devadas on 07 Jun 12
       
      Related to GDP and Macro
  • ...7 more annotations...
  • Household spending
    • Nayana Devadas
      Nayana Devadas on 07 Jun 12
       
      AD and macro
  • strong consumption numbers and an unusually large contribution from professional and scientific services
    • Nayana Devadas
      Nayana Devadas on 07 Jun 12
       
      AD and Macro
  • the sovereign debt crisis
    • Nayana Devadas
      Nayana Devadas on 07 Jun 12
       
      Debt Crisis- Deficit- Macro
  • falling demand for Australia's resources may hurt its economy
Arla Takala

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