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Revisions of second-quarter results this year point to an improving US economy, as export quantities increase and unemployment falls, leading to a short term increase in both aggregate demand and supply.
Aggregate demand is calculable by the sum of all its component factors: Consumption (C), investment (I), government spending (G), and the rate of exports relative to imports [...]
Continue reading about US recession fears eased by revised figures »
on August 27th, 2008 by greenoysters
By David Tay
As the presumptive democratic nominee for the United States Presidency, Barrack Obama “proposed a plan… to provide at least $80 billion a year in tax cuts to middle-class workers, homeowners and retirees, saying if he was elected president he would “end the preferential treatment that’s built into our tax code.”” Essentially, Obama plans [...]
Continue reading about Barrack’s economy killing tax plan. err I mean “Obama’s Tax Fairness Plan” »
Starbucks rivals seen slurping up its sales
Fri Jul 25, 2008 8:25pm EDT
By Lisa Baertlein
LOS ANGELES (Reuters) Costs of production increase, consumers’ incomes decrease, the number of substitutes are growing rapidly and Starbucks is struggling to keep up. With the price of raw materials and transportation rising, Starbucks has had to cut back by closing 600 [...]
http://www.nytimes.com/2008/08/19/business/19oil.html–> link to article
Oil has always been limited resource however nowadays, with the increase in demand, oil is also considered a scarce resource causing the prices of oil to rapidly increase over a short period of time. Oil production is unable to catch up with the increased consumption recently. With the price of oil [...]
Click here for article.
Abstract: Microsoft wants to buy Yahoo for $44.6bn in cash and shares. The search engine has “been struggling in recent years to compete with Google. It is said to need to spend $300million if they want to revive the company. Google is also a competitor of Microsoft. Microsoft wants to get in [...]
Article (click here)
Abstract:
Qatar’s central bank, aimed to reduce its inflation, has enacted a monetary policy of selling bonds, along with raising bank reserve requirements. In doing so, Qatar hope to decrease the aggregate demand and consequently cause deflation.
Analysis:
Inflation is defined as a persistent increase in the average price level in the economy that can [...]
Continue reading about Qatar to sell bonds to curb inflation »
As the Swedish Central Bank decided to raise its interest this summer, a clear real world example of the functions of monetary policy is presented to us. This is supposed to resolve the problem of the rising inflation. However, as always with reality, the real events and effects of the interest increase do not fully [...]
Continue reading about Macroeconomics applied to the real world »
Abstract: In Washington, the taking of the drug, Byetta, that is supposed to cure diabetes, has lead to patients having a dangerous form of pancreatitis. Two of them died while four are recovering. The Food and Drug Administration (FDA) encourages people to stop taking this drug for health reasons. It is reported that “shares of [...]
article:
http://www.washingtonpost.com/wp-dyn/content/article/2007/07/28/AR2007072801288.html
Abstract
President of Zimbabwe, Robert Mugabe, has recently shown his commitment to printing more money to fund government’s municipal projects. Due to this announcement, already-super-high inflation rate is expected to further increase.
Economic analysis:
Inflation is an increase in the overall level of prices or decrease in the value of money. If inflation is extraordinarily high [...]
Continue reading about President of Zimbabwe Causing Severe Inflation »
This is the link to the article –> http://www.msnbc.msn.com/id/26297688/
In the generation just before us, frozen yogurt was the “in” thing as frappaccinos from Starbucks is the “in” thing in ours. Frappaccinos may be patented by Starbucks and may be quite costly but the frozen yogurt from the 80’s was a common delicacy around the world. [...]
Article: http://news.cnet.com/blizzcon-ticket-sales-hits-a-snafu-with-unexpected-demand/?hhTest=1
The world famous game developing company, Blizzard, had just released its annual Blizzcon tickets online for purchase.
“Blizzcon convention in Anaheim, Calif., this October. Blizzcon is a two-day event and celebration of all of Blizzard’s properties, which include Warcraft, StarCraft, and Diablo. It typically contains Q&A panels, social events for players and developers, and hands-on [...]
Over the years, the price of everything in Singapore has gone up and housing is now unbelievably expensive. Only going back to Singapore once a year in the summer, the increase of prices always manages to shock me; imagine, once a bowl of noodles was a dollar, and now it is between $2 and $3, [...]
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Here’s something nice to read:
http://money.cnn.com/2008/08/19/news/international/japan_central_bank.ap/index.htm?postversion=2008081906
Abstract:
The central bank of Japan has kept their interest rate at 0.5% admist the nervousness surrounding the slowing economy. Japan’s economy has been affected by various factors such as volatile financial markets and escalating prices, but these have been deemed as only temporary. These factors have increased inflation, but stagflation is [...]
Continue reading about Bank of Japan leaves rates unchanged! »
on August 20th, 2008 by jillseong
Click here to view the article.
Abstract:
China, currently with one of the fastest growing economy in the world, is facing a dilemma: shall it aim to further its goal in enhancing economic development through the growth of aggregate demand (total spending on goods and services in a given period of time at a price level), or [...]
Continue reading about China’s inflation slide may see Beijing renew push for growth »
Article
http://www.news.com.au/story/0,23599,24202419-2,00.html
Abstract
Politicians in Australia are debating whether or not the country should rely on the use of nuclear reactors to generate the country’s power. One side supports the construction of 25 more nuclear reactors around the Australian suburbs to replace existing coal reactors. The other side rejects this act, having concerns about the [...]
Continue reading about Liberals still powered by nuclear ambition »
Here is my blog, the analysis is based on an article from CNN: http://edition.cnn.com/2008/US/08/19/economy.ap/index.html
I apologize for the lack of arrows in my graphs… i don’t know how to do those on paint.
I hope you guys can figure out what the letters on the axis of my graphs mean… ( Y = real output, Pl = [...]
Continue reading about U. S. Economy hit by surging inflation »
The latest microchips have gotten so complicated that companies from Microsoft to Apple to Intel say software writers can’t keep up. The result could hurt computer sales.
article link:http://money.cnn.com/2008/08/13/technology/microchips_copeland.fortune/index.htm?postversion=2008081405
Abstract:
Microchips, or CPUs specifically, in computers have made technological leaps in terms of the number of cores they possess. However, these next generation of dual and quad core [...]
ARTICLE
Midwestern farmers are recovering well from early summer floods as the current “ideal weather” suggests a bumper crop of corn, soybean and wheat. In an era where food prices are continually rising, the plethora of these commodities will lower their prices. This implicates “some relief to meat producers who use corn and soybeans for feed, [...]
Continue reading about USDA raises corn estimates on ‘ideal’ weather »
With the recent 2008 Beijing Olympics going on in China, one may reasonably expect to see boosts in China’s sagging stock market. However, almost the opposite is true. I personally had no idea what was going on with China’s stock market; after all, it’s summer break, a time of leisure and emptying of one’s intellectual [...]
Continue reading about Olympic Fever Fails to Hold up China Stocks »
As people watch the oil price continue to rise expoentially over the months, they tend to find themselves hesitate more when deciding to either take the car out or to ride the subway. No doubt this continual rise in price will not stop because oil is a limited resources, and with every galloon of oil [...]
Continue reading about Gore calls for bold new energy policy »
Click here for article.
Abstract:
Once the go-to place for low-cost manufacturing, companies who source from China have seen their costs rising. Thanks to a “series of sweeping mandates introduced to pacify discontented Chinese citizens and global critics”, of which includes environmental reforms and labour laws, China has become an expensive place to manufacture and source for [...]
Continue reading about In China, Outsourcing is No Longer Cheap »
Abstract
The Olympics, the greatest gathering of the world’s athletes in global contest of sport, also happens to be a Mecca for the world’s businessmen (and women) who seek to use the event as an opportunity for major investment. The huge demand from the Olympics has warranted that even hospitals and other much needed medical facilities [...]
We can all remember the car from Back to the Future: the time traveling car with the trash compactor engine. Just add trash, and the engine would start to function. Well, Doc’s car is now somewhat of a reality - the engine rather than the time travel. The technology allowing cars to run on what [...]
Continue reading about Cellulosic Ethanol - An Oil Substitute? »
I’m sitting here with a cup of water at my desk next to me, typing away and sipping happily in between thoughts. I’m quite sure a few others are doing the same, except perhaps with a Coke or coffee. What we don’t often realise is how much power that little meager resource in my [...]
Abstract:
China’s government is desperately trying to alleviate the smog conditions before the Olympics start next week. They are implementing temporary laws in attempt to control traffic and the use of cars for the next few days. This new law affects things concerned with aggregate demand, disinflation, public goods, healthcare services, the black market, and measuring [...]
Continue reading about China announces emergency Olympics smog plan »