fall in inflation in Singapore late last year. Apart from higher supply, the drop in crude oil prices is a also the product of slowing growth. As a result of weaker demand and reluctance on the part of oil producers to cut supply. According to economists, the slump in global oil prices pulled down headline inflation in Singapore. Global crude oil prices have fallen in recent months to about US$60 per barrel on Tuesday, as a result of weaker demand and reluctance on the part of oil producers to cut
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GDP were actually higher than first recorded. Economists are now saying that the U.S. economy most likely grew above a 3% annual rate in the third quarter, which is more than .2% higher than the government’s initial reading of 2.8%. This was due to a report this past Friday that showed a larger-than-expected gain in some September inventories. • J.P. Morgan Chase and Barclays economists uped their estimates to 3.1%. • Pierpont Securities economist Stephen Stanley put the growth rate at 3%. •
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science fiction, but many of KITT’s features are a reality in modern automobiles (The Economist, 2009). 21st century cars can make and receive telephone calls, play DVD’s and stream music from MP3 players, warn drivers of road hazards, park themselves, and provide turn-by-turn driving directions. The Connected Car While Google’s driverless car was all over the news in 2014, an article published in The Economist in September argues that the “connected car”—able to communicate with the driver,
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Student Economic Review, Vol. 17, 2003, pp. 153-165 JAPAN IN THE DOLDRUMS: A STUDY OF DEFLATION AND RECESSION DANIEL J.C. BAKER Senior Freshman Japan's dream deflates Interest rates and Keiretsu Dan Baker blames you Introduction This essay examines the performance of the Japanese economy over the period 1985 to 2002 with reference to key economic variables, such as GDP growth, price stability performance, employment, and the public debt to GDP ratio, etc. We focus on the path the economy
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economic rank. However, this premise is being severely challenged and by all accounts, not holding up. This is a point reverberated by both Holly Sklar in her piece “The Growing Gulf Between the Rich and the Rest of Us” and the publication “The Economist through their piece “Inequality and the American dream.” Holly dismisses this idea by pointing out the fact that we have become a downward rather than an upward mobile society. This is quite evident when you examine the growing gap between the rich
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Kazakhstan US Japan China Germany Source: Economist Intelligence Unit. 2004 a 60 2,354 530 1,418 346 2005 a 68 2,362 527 1,567 343 2006 a 70 2,362 b 527 b 1,718 344 2007 b 74 2,370 522 1,853 347 2008 b 78 2,338 510 1,977 347 2009 c 76 2,284 490 2,003 339 2010 c 76 2,274 492 2,094 338 2011 c 77 2,272 496 2,207 338 2012 c 77 2,275 499 2,330 341 2013 c 78 2,301 503 2,457 345 a Actual. b Economist Intelligence Unit estimates. c Economist Intelligence Unit forecasts. Overview
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From the Editors A recent cover story published by one of the most inºuential magazines in the world, the Economist (March 12–18, 2005), revealed for its readers the “Real Digital Divide.” The lead essay (written primarily by technology editor Tom Standage) pointed to an unexpected shift in the world’s attention from computers as the main technology deªning the digital divide to the cell phone. The tone of the article, characteristically, was that of a scold pointing to old shibboleths that have
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Aggregate Supply and Demand Model Kelly Guerrero, Kayla Levett ECO/372 June 18, 2013 Esperance Namugabo Aggregate Supply and Demand Model The Aggregate Supply and Demand model is driven by several factors, including non-price level factors or determinants can cause a change in the aggregate demand (“Colander, D. C.” 2010). Independent buying depends on the amount of money the individual maintains, what is expected from the money while spending, job security, and individual taxes. Investment
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2008 by the National Bureau of Economic Research, he declares that “the state of macro is good” (Blanchard 2008, 2). Blanchard, of MIT, was expressing his contempt with the way in which the macroeconomy appeared to be operating and the ability of economists to explain the operations. He was not alone. Alan Greenspan, former Federal Reserve Chairman, admitted in October of 2008 to the House Committee on Oversight and Government Reform that he was “shocked because [he had] been going for 40 years or
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Adam Smith: A Scottish philosopher and economist, who was born in 1723. In his early years he studied philosophy in a university. In this university he learned the Greek. He was greatly influenced by a philosophy teacher named Francis. He graduated at seventeen with a scholarship that facilitated him to continue studying in Oxford University's Balliol College. Adam was a reserved individual and had the opportunity to meet with influential people along his life. He also enjoyed reading books
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