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Contents contributed and discussions participated by Sophie Groosman

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U.S. Tariffs On China Mark Escalation Of The Solar War - Business Insider - 0 views

www.businessinsider.com/ation-of-the-solar-war-2012-11 Tariff
shared by Sophie Groosman on 28 Feb 13 - No Cached
  • <A HREF="http://oascentral.businessinsider.com/RealMedia/ads/click_nx.ads/businessinsider/moneygame/post/1144275154@Top1"> <IMG SRC="http://oascentral.businessinsider.com/RealMedia/ads/adstream_nx.ads/businessinsider/moneygame/post/1144275154@Top1">> From To Email Sent! You have successfully emailed the post. U.S. Tariffs On China Show The Solar Power War Is Escalating Significantly
  • Last Monday, China accused the E.U., Italy and Greece of giving illegal subsidies to domestic solar manufacturers and has asked the WTO for ‘consultations’.
  • The U.S. International Trade Commission locked in tariffs between 24 to 36 percent on imported Chinese solar panels.
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  • Coalition for American Solar Manufacturing, led by a company called SolarWorld, filed antidumping and countervailing duty cases against Chinese solar manufacturers.
  • Their accusation: China was flooding the U.S. solar market with inexpensive, heavily subsidized solar panels that American manufacturers couldn't compete with.
  • n the months after the SolarWorld case began, China launched a probe of the U.S. polysilicon industry. Then this past summer, the EU launched an antidumping investigation into solar panels and their key components originating in China.
  • Sophie Groosman on 28 Feb 13
     
    China has accused Italy, Greece and the EU for supposedly illegally subsidizing domestic solar manufactururs (suspected that due to a decline in Italian imports of Chinese Solar panels.)  The US international Trade Commision then made a locked tariff of 24-36% on imported solar panels from China.  A year ago the Coalition of american Solar Manufacturers filed antidumping cases against China, saying they were flooding the US market with inexpensive and heavily subsidized solar panels that the US couldnt compete with.  The US fears that China is dumping because it means their domestic producers are not able to compete in the market for solar panels. Therefore this high tariff of 24-36% has been imposed to promote consumption of domestic solar panels. 
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India's Inflation Rate Outpaces Predictions - NYTimes.com - 0 views

www.nytimes.com/...rate-outpaces-predictions.html inflation india
shared by Sophie Groosman on 20 Sep 12 - No Cached
  • NEW DELHI — Inflation in India accelerated faster than expected in April, as the cost of food, fuel and manufactured items all rose
  • A slide in the value of the rupe
  • The India wholesale price index for April rose 7.23 percent from the level of a year ago, notably higher than the 6.7 percent increase that economists had been expecting.
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  • has added to inflationary pressures in India
  • India’s inflation bubbled above 9 percent for most of 2011. Although it has cooled since, it is still the highest among the so-called BRICS — Brazil, Russia, India, China and South Africa.
  • Sophie Groosman on 20 Sep 12
     
    As we know, inflation is a rise in price levels. In India at the moment, there is a slide in the value of the rupee, and simultaneously food, fuel and manufactured items are raising in price, leading in a high inflation. This is an exmple of stagflation becuase it is a 'cost-push' inflation (inflation caused by rising costs of products).  In India, the inflation rate was expected to rise 6.7% (by economists) but it actually rose 7.23%.
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Unemployment in Greece Hits Depression Levels-And Is Headed Higher - Rick Newman (usnew... - 0 views

www.usnews.com/...ion-levelsand-is-headed-higher unemployment greece
shared by Sophie Groosman on 11 Sep 12 - No Cached
  • The Greek government recently announced that the nation's unemployment rate hit 24.4 percent this summer, a searing level of joblessness reminiscent of the Great Depression.
  • Among young people aged 14 to 24, unemployment is a staggering 55 percent.
  • To save the Greek economy, it seems, it's necessary to kill it first.
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  • Nearly one-quarter of the Greek workforce is employed by the government
  • Greece also suffers from massive tax evasion
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  • A Greek government providing jobs for life led to falling unemployment from 2000 to 2008, but all the borrowed money required to keep the mirage intact meant the government workforce would have to shrink dramatically at some point. That's what's happening now.
  • Greece has committed to cutting 100,000 government jobs by the end of the year, while also slashing welfare payments and other social spending. So unemployment is likely to rise further, even as Greece's safety net continues to erode
  • The Greek economy has been contracting since 2008, and has shrunk by about 20 percent so far.
  • --which means there's not enough money to pay all those government workers
  • Economists disagree about the best way to pull a sunken economy out of such a big hole,
  • Sophie Groosman on 13 Sep 12
     
    1/4th of the labor force in Greece was being employed by the Greek government. However the government borrowed a lot of money and that means that the government workforce will end up decreasing dramatically sooner or later, and that happened.  Their economy has shrunk around 20% since 2008. The article also told us that 'Moody's Analytics predicts that the Greek economy won't start growin gagain until 2015, at the earliest". That is bad for Greece because it will take very long and be very hard for it to become a stable and strong economy again. 
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