ZIS IB Year 2 2013-14

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Liam Henderson, the Administrator of the Office Price Administration and Civilian Supply, is looking to impose a price ceiling on cotton yarn. This was announced on May 18th. He will impose this price ceiling because the conferences with the industry were not successful in producing results.

By Christopher S. Rugaber, Associated Press Posted: 08/22/2013 08:48:41 AM MDT WASHINGTON - The number of Americans applying for unemployment benefits rose last week after reaching the lowest level in 5 ½ years. But the broader trend suggests companies are laying off fewer workers and could step up hiring in the months ahead.

Article #1

Interestingly enough, the EU has not responded to the decrease in CPI that has occurred over the last few months. Unemployment remains at 12.1%, while inflation continues to drop. This could provide some interesting analysis of the EU's Philips Curve...

The Federals worry about inflation being too low in the US and plan on boosting it back up by buying bonds at a pace of $85 billion a month.

This article covers inflation in the UK and how it has come to a point where the minimum wage is no longer high enough to cover the standard costs of living. So, politicians are now struggling to raise the minimum wage level, ithout harming the economy.

This article covers a decrease in China's rate of inflation (disinflation, especially in regard to the prices for groceries. It also mentions that Chna 'may be reaching a new normal of growth'.

This article discussed how inflation has affected different factors in the Australian economy. It also talks about how their living standards are increasing, although the costs are increasing too.

Inflation is what Europe needs at the moment to counter the unemployment that is happening

The article is mainly based upon factual basis in regard to the unemployment in Greece. Unemployment has risen to 27.3% in Greece as a reaction to the horrible state of the economy. The economically non-active, people who are not actively looking for a job, rose to over 3.2 million. The total number of unemployed rose by 16.3%.