Crude oil is the most traded commodity in the world. However other than just supply and demand, a multitude of factors impact oil prices on a daily basis. Similar to the crude oil example, the prices of food are affected by a variety of complex factors. While in the past, food prices were determined just …
Soaring energy and food prices have low impact on Consumer Price Indices (CPI) in developed countries than in emerging countries. This is because unlike in the emerging markets, food and energy make up a lower share in the more service-oriented CPI baskets of developed countries. Emerging markets such as India, China, Brazil are experiencing high …
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Generally Canadians have a higher propensity to save compared to Americans in spite of having a better social safety-net such as free healthcare, pensions, job security, etc. under the socialist form of government. Up until the credit crisis hit most U.S. consumers saved very little. In fact, the personnel savings rate in the U.S. went …
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The Fast Company magazine has published the list of the world’s 50 most innovative companies for 2011. Innovation is critical to the success of most businesses especially in this fast-changing highly competitive environment. The magazine mentioned the following with the introduction of the list: An artificial heart and its lightweight power drive. A better airline …
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The majority of the states in the U.S. are running deficits and hence are cutting government services when they are desperately needed by the middle and the lower classes in this sluggish economy. While the causes for the budget shortfalls are many, one of the main reason is that public workers at the state and …
Continue reading ‘Union Membership in the U.S.: Public vs. Private Sector’ »