India economy is expected to grow 7.5% in the upcoming 2015-2016 fiscal year, which begins in April, up from 7.2% in the current fiscal year. This means India would be the world's fastest growing large economy.

This article discusses how the business cycle has more "pain in store" which means that unemployment will grow by 15%.

A recent Federal Reserve paper makes the case that potential GDP is to some extent endogenous to aggregate demand shocks... One example of this phenomenon would be workers who had up-to-date skills and were productive, but lost their job because of the Great Recession.

This article basically discusses what aggregate demand is. It also discusses the factors that make it up and how its a reflection of the economy.

This article discusses how monetary and fiscal policy should be used to solve problems of recession and depression in economies.

There was a sharp fall in the number of children admitted to hospital with severe asthma after smoke-free legislation was introduced in England, say researchers. A study showed a 12% drop in the first year after the law to stop smoking in enclosed public places came into force. This article basically shows that the ban on smoking has reduced the negative externalities of consumption that are generated by smoking.

Wal-Mart Stores (WMT) plans to sell the newest iterations of iPhones at a discount, a pricing strategy that Apple (AAPL) has managed to squash for years. The cheaper iPhone 5c will be sold at the world's largest retailer for $79 along with a standard two-year service contract, 20 percent less than anywhere else in the U.S. This article is discussing how Walmart's IPhone discount defeat's apple's price controls. The IPhone 5c for example is being sold by a retailer for 79 USD with a two-year contract which is a breakthrough.

The article discusses about the Affordable Care Act and the excise tax it imposes. The medical device excise tax has been controversial since 2013, so Congress doesn't know whether to repeal it or not.

This article basically explains what income elasticity is and why it is important. There is a lot of useful information here.

The prices of coffee will be rising soon in the $80 billion U.S. coffee industry due to the cost of arabica beans rising. According to Paul, the price elasticity of demand for coffee is very low because people will not substitute their drinks such as soda due to higher prices. Arabica beans are the most widely used beans in the coffee industry and they even accounted for 59 percent of the world's 153.3 million bags of coffee output last year.

There has been a shortage of propane in the U.S. due to weather conditions. This will cost a lot of money to make up.

Short description: The demand for water bottles has decreased due to the increase in price. Normally, when price increases, the quantity demanded for the product decreases. People want to save money and reduce environmental waste. Environmental groups are also conducting campaigns to persuade water bottle buyers to reject the product as wasteful. Different companies have been cutting their prices in hopes of taking back their customers.

Gujarat is experiencing a rainfall deficit due to late onset of monsoon and shortfall of rains in many parts of the state until mid-August.This may lead to water reservoirs being empty before next summer.