The closure of several nearby coal-fired power plants coupled with the booming natural gas drilling industry is creating a shortage of cinders that has forced many local public works crews to wonder if they'll soon have to find an alternative for treating winter roads. Due to the shortage on the market, the price of the products rises and thus the aggregate supply as well.

Mr Tsipras's defiant parliamentary debut as prime minister - underlining a string of spending commitments such as raising the minimum wage in breach of Greece's two €240bn (£178bn) bailouts -will have had Germany's Chancellor Angela Merkel tearing her hair out in Berlin. The politics in Greece for the last five years was inconsistent and very harsh towards people who were oftentimes protesting and boycotting. The result of this politics has a strong impact on the country's economy, which is very fragile and is still deteriorating by harsh policies, taxation which affect not only Greece but the international market as well.

The oceans are a crucial for human life, and their everyday functioning. The oceans produce $3 trillion of goods and services each year and are untold value for the Earth's ecology. Despite this fact, humans continue to damage this valuable source of life, and the nature is damaging us back by the melting of the Arctic ice in summer, the spread of oxygen-starved dead zones and the death of coral reefs. An example where the nature is harming us back can be seen in Thailand where the coastal mangrove swamps were cleared to set up shrimp farms. However, the ocean storm surges in 2011, rushed in to flood the country's industrial heartland, causing billions of dollars of damage causing the market failure.

The article discusses the fact that the now dominant capitalist economic system has contributed to the breaching of several ecological boundaries, in relation to climate change, biodiversity loss and nutrient enrichment. These contributed to the dead corals and rising seas. This global change can bring big costs for, among other things, tourism and infrastructure. Thus, the negative externalities are basically the public costs that come from the pursuit of private profit, representing massive risks leading to all recent recessions arising from the mis-allocation of risks.

IN Kuala Lumpur the price of RON95 petrol for the month of December is likely to be reduced by four sen, and for the same period, RON97 is expected to cost RM2.46 after the government agreed to lower its price by nine sen. On Nov 21, the government announced that fuel subsidies for RON95 and diesel would be removed from Dec 1. The decrease in the fuel price will benefit the people since, if fuel subsidies lead to an increase in prices, the price of express bus tickets should also be reduced when there is a drop in oil price. Federation of Malaysian Consumer Associations vice-president Mohd Yusof Abdul Rahman said money saved from the removal of subsidies could be used to upgrade the public transport system.

According to the federal government, weed is one of the most dangerous controlled substances on the market, especially after it was legalised in Colorado. Colorado's Proposition AA, passed two months before legalization, requires that recreational marijuana be subjected to a 15 percent excise tax, a levy imposed on goods such as gas, alcohol, and tobacco, in addition to a 10 percent state sales tax. During the first fiscal year the state pulled in just under $14 million in marijuana taxes, licenses, and fees according to the Colorado Department of Revenue. The money is going to build schools, support drug prevention and intervention programs, fund the state's Marijuana Enforcement Division. On the other hand, medical marijuana patients only pay a 2.9 percent tax on weed.

Government imposed carbon taxes in Australia, in order to prevent the climate change. This will have the major influence on manufacturing and other business in Australia, especially the tourism. It is estimated the carbon taxes will "add $115 million a year to the bottom line costs of hotels and motels", due to the increase in additional costs such as energy bills, food, transport, linen and other expenses. The demand for the tourism in Australia will thus greatly decrease, as the expeneses will increase as well due to the large taxes imposed on the carbon "also Australia's carbon tax places tremendous pressure on Australian manufacturers and inevitably leads to job losses and business closures"

Russia's economy is suffering from falling oil prices as oil revenue makes up about half of the state budget revenue, while the sanctions imposed by the West in response to Moscow's policy toward Ukraine have almost shut the global financial markets to Russian business. Since oil has the inelastic demands, the fall in price of it will proportionally change the quantity demanded, however if the Russian business decide that oil is not profitable business anymore, they might switch to its substitutes, or if the supply of oil significantly decreases during next few years because of the fall in price of it, the demand for oil might decrease as well and people will again consume its substitutes, such as wood or gas, in greater quantities. If low oil prices and Western sanctions persist for some time, Russia's economy and budget will have to optimize their spending, and concentrate only on profitable budgetary programs, which will not have only major consequences on Russia, but the Europe as well as Russia is one of the main oil suppliers.

This article talks about how a new Indian prime minister, Modi, benefited from successfully predicting the oil market. The oil prices dropped significantly after the year of 2010, and the Brent crude oil became the cheapest of all the oils. This means that the demand for it is also the lowest, however since Modi carefully observed the demand and supply of oil, he concluded that demand and supply haven't changed much, however the price did get lower. Thus, he increased the prices of oil, trying to reach the state of equilibrium.

(CNN) -- The once-powerful Hurricane Odile weakened to a tropical storm as it worked its way across the Baja California peninsula causing the severe damage at the airport in Los Cabos, Mexico while 15 000 tourists were in the resort nearby. Since the hurricane affected the tourist resort, the prices in the resorts around the area will go down however the demand will go down as well because of the newly set reputation of that particular area. Also, the prices of the plane tickets will increase, together with the demand because tourists as well as the locals want to evacuate as soon as possible from this area. Thus, this article is an example of Giffen good phenomenon.

A small but growing number of multimillion-dollar investors requested on a United Nations summit this week to take more aggressive steps towards preserving our planet. A main reason for this movement is carbon dioxide emissions that are produced by combustion of fossil fuels, such as oil, coal or natural gas. Furthermore, this is a direct cause for the rise in average global temperatures over the last 150 years. One of the most significant demands for the government was to invest more in the clean, renewable energy.