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Kento Watanabe

Big six energy firms accused of 'cold-blooded profiteering' | Business | The Guardian - 0 views

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    This is my first choice
Hiroki Takahashi

Ghana's removal of fuel subsidy spurs Nigeria's move to increase price of petroleum pro... - 1 views

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    Ghana's removal of fuel subsidy spurs Nigeria's move to increase price of petroleum products
Kento Watanabe

BBC News - Visa and Mastercard make $7.25bn fees dispute settlement - 0 views

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    Visa and Master Card Colluded and were fined. 
Riki Shirayama

BBC News - UK manufacturing grows at fastest pace for a year - 0 views

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    UK manufacturing grows at fastest pase 
Hiroki Takahashi

Telenor Norway introduces maximum prices for mobile surfing abroad - 2 views

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    Telenor Norway introduces maximum prices for mobile surfing abroad
senkoffa

Smokers feel the pinch as France raises taxes (France 24 France) - 0 views

  • French smokers began paying 6.5% to 10% more for tobacco, as an unpopular price rise went into effect
  • It is not clear whether this price hike will finally push French smokers to quit, as France’s 2008 full smoking ban failed to reduce the number of smokers. The number of 18 to 75-years-olds smokers actually increased by 2 points between 2005 and 2012 to near 30% of the population.
  • French anti-tobacco groups said 40 cents per pack was a modest price hike that would not encourage smokers to stub it out in significant numbers.
  • ...2 more annotations...
  • “A slow and incremental increase, like we’ve seen in the previous five years, has very little effect on consumption,”
  • The last significant drop in the number of daily smokers in France - 27% fewer from 2002 to 2004 – was prompted by a significant price rise in 2003.
kakomori

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

  • - "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."
Marika Shimomura

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

  • 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
       
      Excess supply leading to the prices declining
  • such as auctions or measures to compensate sales below minimum price
    • Marika Shimomura
       
      Government intervention
  • minimum domestic price
    • Marika Shimomura
       
      Minimum price
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  • international prices
    • Marika Shimomura
       
      Decrease in demand leading in decrease in international prices
  • 307 reais ($153) per 60-kilogram (132- pound) bag, from 261.69 reais
  • Brazil reaped a record crop in 2012
    • Marika Shimomura
       
      Increase in supply
  • increase
Mattias Lindell

Monopoly blamed for beef costing far more - The Standard - 1 views

  • Ng Fung Hong is to blame.
  • HK$3,097 per picul - around 60 kilograms - but local retailers have to fork out HK$4,690 per picul instead.
  • s a result, the unfair practice has resulted in the closure of four beef shops since Lunar New Year.
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  • By following what we did in the pork market, we will be able to gradually bring down the price of beef to a reasonable level
  • They would be making a profit of HK$516,750 every single day at the expense of our beef sellers
  • Critics were also quick to highlight the flaws in a government document released last week investigating the supply of fresh beef
  • "Besides failing to account for the price differences, the document does not say where it got the data from
Jin Seo

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

  • crude oil, refined oil products and biofuels purchases and sales
    • Jin Seo
       
      Oil - one of the most inelastic good   
  • Statoil
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  • 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
       
      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
       
      reasons why oligopolies are strictly monitored 
    • Jin Seo
       
      and also why oligopolies want to collude to become a monopoly 
  • Libor scandal
    • Jin Seo
       
      largest price fixing scandal
  • transparency.''
    • Jin Seo
       
      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? 
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    oil price fixing in the EU
grace turner

Commentary: Minimum Wage Boost Aids Consumers and Retailers - The Jakarta Globe - 0 views

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    I would like to use this one :)
Alessandra Z

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

  • bid to curb problem gambling.
  • "Fans, and particularly young fans, should not be subject to excessive promotion of betting during matches.
  • advertisements
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  • revised code
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    Gambling - Demerit Good Advertising ban will lead to a decrease in demand for Gambling Negative externalities will decrease. However, Gambling = inelastic good? Addiction?
mariashishi

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

  • 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
klemens koestler

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

  • Tax Revenue Estimates From Legal Marijuana May Not
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    demand & supply, taxes, revenue, black market
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