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Branson calls for Uganda boycott

Branson calls for Uganda boycott | Economics | Scoop.it
freya clarke's insight:

This article informs that in protest of Uganda's new proposal on strengthening punishment for homosexuals, leading businessman Richard Branson is planning to boycott the nation. It then goes on to convey how a large number of countries within Africa have legislation banning homosexual activity.

 

However is Branson, who owns 400+ companies worldwide, is going to boycott countries like Uganda and therefore not invest, employ or bring business to the nations and their people surely this will be countrerproductive to their economic and more importantly social development. For example if business is set up in the region people may have an opportunity to become better off economically and through this education may  be more achieveable for those who previously as a result of poverty may not have benefitted. Subsequently if the majority became educated and aware on important social topics and previous stigma or misconception was removed , the perception of the nation may change and the minority governing class who may have been able to implement these rules would be forced to reverse them.

 

Therefore i would argue that a boycott actually is a short term solution that is unlikely to have the desired effect, whereas an investment and interest in the country's devlopment may actually result in the desired outcome of tolerance and acceptance in the long term

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Japan close to escaping deflation

Japan close to escaping deflation | Economics | Scoop.it
freya clarke's insight:

This article communicates that Japan is making progress as its inflation level exceeded expectations by reaching 1.2% moving ever closer to the target of 2% which is currently the same as the UK's own goal.

 

The article says that the Japanese holding off from spending was the cause of the deflationary issues as they didnt worry about prices rising and therefore didnt buy things immediately for fear of them rising in price later.

 

Monetary policy was implemented presumably to try and entice and invoke the public into spending money and therefore the economy to grow. 

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Demand high for home health care workers | MyFOX8.com

Demand high for home health care workers | MyFOX8.com | Economics | Scoop.it
GREENSBORO, N.C. -- The Bureau of Labor Statistics estimates demand for home health care workers will increase 70 percent between the years 2010 and 2020. Their summary called the growth "much faster than the ...
freya clarke's insight:

The article conveys how in during this decade in the US there will be an excess demand for health care workers as many people need the service, yet few are willing to enter the profession choosing instead better paid jobs. In order for supply to match demand in this sector it is clear that more incentives need to be introduced so that more people see this as a worthwhile employment opportunity. 

 

The demand increase is likely to be a result of the changing population structure in many developed nations with more people over 65 and therefore in need of medical care than ever before. Clearly services need to be tailored and different ones be introduced in order to cater for these different demands from a newly structured society.

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Retailers play a winning game with Grand Theft Auto V

Retailers play a winning game with Grand Theft Auto V | Economics | Scoop.it
The runaway success of Grand Theft Auto V helped the UK’s computer games market see an overall rise in sales for the first time in five years.
freya clarke's insight:

Article indicates how the release of one product can benefit multiple retailers significantly and also refers to how the coinciding of a new product release and a specific time of year (christmas) can push up demand rapidly for retailers causing their revenues to rise

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Bank says Spain out of recession

Bank says Spain out of recession | Economics | Scoop.it
freya clarke's insight:

The article attributes the rise in GDP to an increase in exports and this is because a rise in exports would affect the aggregate demand of spain to be affected an increase as AD= C+i+G+(X-M) 

 

It also mentions that one of the contributing factors to the 2008 recession was the 'bad debts' or toxic debt which banks accumulated after lending money to people, in the form of mortgages for example, that they were never going to be able to pay back. 

 

The article also states that spain has 26% unemployment showing how not all of their resources are being used most efficiently to their full potential meaning that the country as whole is definitely not meeting its Product Possibility Frontier

 

Spain is now consdiered out of recession as it has experienced growth for two quarters

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Firefighters end pre-Christmas strike

Firefighters end pre-Christmas strike | Economics | Scoop.it
freya clarke's insight:

This article relates to the Christmas Eve strike organised by the firefighters union over a dispute with the government over pensions.

 

Trade unions can have considerable power within an organisation and though can provide protection for the workers and their rights, can also through their demands for certain wages and in this case certain pension requirements, indirectly contribute to unemployment. This is because if organisations are forced to meet these requirements to avoid strike action it may not be financially viable for them to employ as many people or may even have to make some redundant as a result.

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France will avoid a recession in 2013 | Master in Finance & Banking

France will avoid a recession in 2013 | Master in Finance & Banking | Economics | Scoop.it
According to the statistics body of France, this country will avoid a recession this year. In fact, François Gérard Georges Hollande, the President of France since 2012, has been looking for reviving the economy.
freya clarke's insight:

The article informs the reader that France will avoid a recession in 2013 after fears this could be the case after its economy experienced a contraction of 0.1% in the third quarter.

 

If the France experiences growth in fourth quarter they will avoid recession as an economy is only deemed to be experiencing this when it fails to grow for 2 consecutive quarters.

 

A recession would be bad for the economy as it would effect consumer confidence and may lead a reduction in spending and also lead to unemployment as firms may be unable to keep people on. Also it may have a knock on effect for other european countries who share the euro currency as trade could decrease both in the form of imports and exports could dwindle impacting business revenue in other nations.

 

 

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Eurozone business growth slows

Eurozone business growth slows | Economics | Scoop.it
freya clarke's insight:

Article shows that due to the nature of the eurozone and the shared currency, growth as a whole had slowed as some of the weaker economies such as Spain are dragging down those that are producing more and becoming more successful like Germany

 

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The storm has battered Britain – but will not dent the economy

The storm has battered Britain – but will not dent the economy | Economics | Scoop.it
Larry Elliott: Plenty of warning and half-term holidays mean the bad weather is likely to have knocked less than 0.1 points off GDP
freya clarke's insight:

 

 

This article shows how previous bouts of inclement weather has affected the GDP of britain as it has disrupted both the amount consumers have spent and also the amount that has been able to be produced during this time.

 

However the article makes the point that GDP will only have been affected very slightly in this instance due to the fact that there was advanced warning , so firms and  companies were able to make the necessary preparations to ensure their business wasnt affected. Also the fact that it occured during half term meant that a significant chunk of the workforce wouldve already not been working and additionally the fact that people would have had a day off may have meant they did recreational activites like shopping or going to cinema consequently still adding and contributing to the national economy

 

 

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Retail sales up 0.6% in September

Retail sales up 0.6% in September | Economics | Scoop.it
freya clarke's insight:

The growth described here shows an increase in consumer confidence that has led to greater spending, but also shows how other factors, such as weather, can affect the extent to which the public spends.

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