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Half the Saudi population is under 25 years of age. this poses a great opportunity to expand the economy of Saudi Arabia, with the new idea that the young workforce brings with them. At the same time it poses a threat if the government does not accomplish the task of creating enough working spaces for the large group that will enter the labor force in the next 10 years.

Half the Saudi population is under 25 years of age. this poses a great opportunity to expand the economy of Saudi Arabia, with the new idea that the young workforce brings with them. At the same time it poses a threat if the government does not accomplish the task of creating enough working spaces for the large group that will enter the labor force in the next 10 years.

The article Chicago's cigarette tax could approach New York's (by Megan Hickey) focused on the possibility of Chicago increasing taxes on cigarettes. There are several underlying reasons for the proposal; one being a $298 million budget shortage, the other to increase awareness of smoking for health purposes. Chicago already has the second highest tax on cigarettes in the US, the average cost for a pack being $10.25, after New York at $12.50. The total combined tax amount is $5.67 which is made up of a federal tax of $1.01, Cook County tax of $2, Illinois tax of $1.98 and a government tax of $0.68. The possibility of increasing this tax would lead to less consumption of the product, less revenue for tobacco companies and more deadweight loss for consumers and producers. However the Chicagoan government believes that the health benefits gained from less tobacco consumption are far greater than that of cost. To continue this tax hike (continued increase in the tax of cigarettes) would continue the trend of declining tobacco consumption and could decrease the youth in smoking by 7.2%. Not only would the state receive health benefits but the government would be able to increase their revenue through this tax hike.

In this nes article it talks about the great problem that Spain is facing in the recession regarding unemployment. They do mention that even though unemployment has dropped from 27.2% to 26.3%.through this we can see that maybe some figures with regard to unemployment could be seasonal as the unemployment figures dropped during strong tourist season. Neverhteless most of the people without jobs have been unemployed for over a year which means that a lot of this unemployment is cyclic, which we can see as spain is in the middle of a terrible recession. Even though the Spanish economy is starting to experience slight profit and growth, they do experience long term issues in regard to the high youth unemployment that is at 56%.