An interesting article discussing the income inequality in the USA, and how the lower 85% “are doomed to stay there”. Krish.
This video is a summary essentially explaining where the US Dollar gains its value, and why the US economy will slowly fall upon itself, potentially leading up to World War III. It takes a very aggressive revolutionary concept, but the economics is easy to understand. Consider whether you believe this to be a conspiracy/extremist point of view or not. Krish
Plus some more reading about this topic.
Further to the BigMac index Australian firm, CommSec have come up with a similar index to compare the purchasing power parity between two currencies using the iPad. Is your country’s currency over-valued, under-valued or is it a fair price?
Amount of supply; costs of production; physical conditions; payments (subs/taxes); technology; expectations.
What factors are causing these changes in Supply?
Chinese cars Houses A price drop but not for the consumer Armed Robbery But why sell? Burnt Apples Parks Wheat, bread and pizza! Life’s a beach! Rock lobster. You say tomato I say… Molten metal batteries
In the wake of the shocking events that happened in Kenya last week, terrorism and the “war on terror” has been brought to the forefront of peoples’ minds around the world. But terrorism has a far longer, more global history. Political, religious and national/ethnic groups have resorted to violence to pursue their objectives – whether full recognition of their equal citizenship (in Apartheid South Africa), a separate national state of their own (Israelis in the 1940s, Palestinians from the 1970s onwards), or the establishment of a religious/ideological state (Iranian terrorism against the Shah). In some cases former terrorists have made the transition to peaceful politics – for example Nelson Mandela in South Africa and Gerry Adams in Northern Ireland. Is it possible to justify the use of terrorist tactics if they result in the deaths of innocent civilians in bombings and shootings? This is an issue that calls into question the value we put on our ideals, beliefs and human life itself. Here are some links to help you form an opinion. Definition Mahatma Ghandi Iran Terrorism works Two justifications There are alternatives
<div style=”margin-bottom:5px”> <strong> <a href=”https://www.slideshare.net/tutor2u/gdp-as-a-measure-of-economic-growth-and-standard-of-living” title=”GDP as a measure of Economic Growth and Standard of Living” target=”_blank”>GDP as a measure of Economic Growth and Standard of Living</a> </strong> from <strong><a href=”http://www.slideshare.net/tutor2u” target=”_blank”>tutor2u</a></strong> </div>
Producers outsource as a means of reducing average costs and gaining a competitive advantage. Abnormal profit and time saved can be reinvested on increasing innovation. Consumers gain through better quality products at more affordable prices . However, what is the opportunity cost, of this action, on the macro economy? Below is a video explaining the concept of the ‘jobs multiplier’ and it intimates how some major economies might benefit from rebalancing.