The Economics

Economics is one social science that studies human activities associated with the production, distribution, and consumption of goods and services, this site explains the economic concepts and data in the work.

Archive for January, 2012

Economy Without Employment

January 27th, 2012

Almost all economic projections that high levels of unemployment in many developed countries will continue. So, would not that fact that even discouraging forecasts the unemployment rate will be recorded in the future?

In line with the higher progress in the field of computers, robotics technology, and various types of jobs taken over by machines, many workers who lose their jobs.

Many economic analysts deny the possibility of long-term structural unemployment. In fact, this view of it is considered an insult. Media conservatives in the United States later mencibirkan U.S. President Barack Obama when he said that the machine can inhibit job growth. However, Obama is certainly not wrong.

What a lot of work to be done repeatedly with the routine. Presumably, along with the development of software and computer hardware, the types of occupations can be vulnerable to the impact of automation.

What happens is not part of the technological inventions of science fiction. However, it is part of the automation system that works better, slices of a special algorithm instrumental in landing the aircraft, automated stock trading on Wall Street, or the computer that beat the man in the game of chess. » Read more: Economy Without Employment

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Posted in Economics Jobs

Tags: barack obama technological inventions

France, Spain Sell EU14.6B in Debt as Yields Drop

January 19th, 2012

France and Spain sold 14.6 billion euros ($18.8 billion) of bonds, with both nations’ funding costs falling in the first sale of medium and long-term debt since Standard & Poor’s downgraded their ratings.

France sold 7.97 billion euros of notes, just short of its maximum target, with the average yield on the benchmark two-year notes sliding to 1.05 percent from 1.58 percent in October. Spain sold 6.61 billion euros in bonds maturing in 2022, 2019 and 2016, more than its maximum target of 4.5 billion euros. It issued debt due 2022 at an average of 5.403 percent, down from 6.975 percent in November.

The sales came after S&P on Jan. 13 stripped France of its AAA rating and cut Spain by two levels to A. Spain has exceeded its maximum targets in all its bond auctions since Dec. 13, and demand has strengthened since the European Central Bank pumped 489 billion euros of three-year loans into the financial system on Dec. 21.

“They are both good strong auctions,” Padhraic Garvey, head of developed markets debt strategy at ING Bank NV in Amsterdam, said in an interview. “Spain is showing the market there’s ample demand for their paper. The result is perfectly in line with the sentiment we’ve see over the past couple of weeks. The ECB measures obviously help.”

The demand for Spain’s 2022 bond was 2.17 times the amount sold, compared with a bid-to-cover ratio of 1.54 in November. For the French sale it was 2.4, in line with 2011 sales. » Read more: France, Spain Sell EU14.6B in Debt as Yields Drop

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Posted in Economic News

Tags: bond auctions ing bank nv

Newt and the “food-stamp president”

January 19th, 2012

THE AUDIENCE of Monday night’s Republican debate in Myrtle Beach, South Carolina reached its climax of enthusiasm during Newt Gingrich’s exchange with Juan Williams, who asked Mr Gingrich if he could perhaps see how certain comments he has made in the past might give special offence to black Americans. Mr Gingrich is now using highlights from the confrontation with Mr Williams in order to make the case that “Only Newt Gingrich can beat Barack Obama” in a TV spot airing in South Carolina.

When Mr Gingrich replied to Mr Williams that he cannot see why some might take umbrage at his comments that black Americans “should demand jobs, not food stamps” and that poor kids tend to lack a strong work ethic, I don’t think it’s quite right to say he was “playing dumb”. On the contrary, Mr Gingrich acts as though he is so morally evolved, so essentially oriented toward truth—as though he surveys the world from such an Olympian height, through such crystalline air—that he is unable even to imagine how his use of venerable racist tropes could be sensibly seen to serve a purpose other than transmission of the plain truth. This haughty pose flatters the bigots, who Mr Gingrich knows full well are roused by talk of food stamps and an underdeveloped taste for honest labour, reframing their hoary prejudice as gallant unflinching fidelity to facts. » Read more: Newt and the “food-stamp president”