Dairy farmers from around Ottawa took their cows and tractors to Parliament Hill this week, to protest the changes they expect in the Trans-Pacific Partnership trade deal.
Advanced economies face the triple threat of low growth, low inflation and high debt. In this article there is the belief that economies should have effective fiscal policies to prevent this from happening. "Smart taxation and spending and strong fiscal frameworks make a huge difference."
NAIROBI-Plunging oil prices, sluggish growth in the developed world and a slowdown in China's pace of industrialization will bring down sub-Saharan Africa's growth rate this year to its lowest in two decades, the World Bank said Monday.
U.S. unemployment rate of 5.5 percent is right where the Fed had been saying inflation would likely start to accelerate. Yet inflation remains even lower than the Fed wants it to be, so it seems as if its a matter of time.
This article talks about how "India is well into a recovery phase, fast approaching growth." This has been heavily due to the rise in GDP of which 55% of it is accountable for consumer spending.
This article talks about how Indonesia's supply of palm oil is decreasing, which inturn is effecting the Palm oil industry this having some very large economic implications. As the palm oil industry contributes a lot to indonesia's economy a decrease in the production will cause a decrease in the Aggregate supply.
This article talks about how the guardian feel that George Osborne has failed to achieve a satisfactory inflation rate. There is an inverse relationship between inflation rate and aggregate demand. If interest rates are high then there is an increase in the cost of borrowing for the consumer. As well when interest rates are there is a higher return from savings in banks.
This article talks about the conflict between both Politics and economics. As the price of oil in America has decreased, some believe that there is an opportunity to increase the "gas tax". In this article they believe that this tax generated from this increase could be beneficial to the economy and could help improve infrastructure and making investments.
This article talk about how human impact on our oceans could lead to several extinction in the sea. Unsustainable fishing being a big contributor. This is a prime of example of Garrett Hardin idea of the Tragedy of the common as humans human as using up these shared resources for a private benefit, but they are not necessarily thinking about the future of these common resources. And supporting Garrett Hardin thoughts, we must find a way to determine which institutions are best to protect use resources.
This article talks about the effect that Pollution is having on people in China. The article states that you often see people wearing mask and playing sport indoor because of the pollution. This is article is a good example of negative externalities as it highlights the effect that pollutive production has on third parties in China.
New Zealand telecommunications network operator Chorus Ltd said on Tuesday its earnings will take a lesser hit after the sector regulator proposed easier price controls on broadband over its network, sending the company's shares to a one year high. As a result the New Zealand telecommunications have been able to charge NZ$38.39 for a monthly phone contract instead of NZ$34.44 a month and this will obviously have financial benefits for the company.
This article talks about how indirect tax has risen significantly over the last ten years. (Indirect Tax being one imposed on expenditure). The total amount of tax raised by HMRC has increased by 43% over the last ten years, from £344bn to £490bn. When imposing these taxes the government must also think about the effect this is having on individuals as well.
This article talks about how the PED for different food types varies in the country Australia. The Rural industries research and development in Australia reveals that foods such as Milk, bread, fresh fruit and fresh vegetables have an inelastic demand. This therefore meaning consumers will continue to buy these products even when there is an increase in price. In this case the value of PED would be 1
Research and Development also showed that PED for meat products was more elastic in Australia than in other countries. As a result meaning, consumers in other countries will be more willing to absorb an increase in price.
A mass protest is being held in the Italian capital, Rome, against Prime Minister Matteo Renzi's plans for labour market reform.There are worries that this reform could cause the higher rate of unemployment to increase even more. This intern could have big economic problems for Italy. A high unemployment rate will also meaning an increase in fiscal costs to the government, an increase in social deprivation and also a decrease in the country's output of services and goods.
This article informs us how there are great concerns as oil prices are dropping because the 'tepid demand has forced oil producers to cut prices to attract buyers'. However some in the article are still hopeful as they believe that oil consumption shall increase as we get closer to the winter seasons. The low demand is getting rather concerning for oil companies and demand must increase if companies want to see oil prices increase again.
This article talks about how people are doing a 'weekly food shop' less frequently and are buying goods from many shops rather than just one. The Oligopoly market that has emerged in the food industry has meant there is far more competition between stores. This could have advantages for the consumer as more competition potentially could mean lower prices. However there could be big disadvantages for food stores as demand could go down if they cant compete well enough with other firms, hence this causing a shift in the demand curve.
