Economics - December 2006

2006-12-07 09:32:37 · 2 answers · asked by bharat g 1

Why do we let these fundamentalists of economics, "religion" and conservatism, spread their insane ideologies which promote war, fear and misunderstanding and inequality, run rampant on OUR planet? Hopefully the tide is turning, and we will send these war-loving maniacs packing.
Also, when answering question such as "If there's enough food for everyone, why don't we feed them", a number of "market is god" types post their petty justifications for starvation, ie it's their fault, if only they did what we told them to...Think for yourself!

2006-12-07 08:41:28 · 10 answers · asked by Organica 1

2006-12-07 08:35:08 · 1 answers · asked by humstu 1

2006-12-07 06:59:19 · 3 answers · asked by kieron b 1

I realize that the definition of the term high tech cuts across a lot of domains, and can become a bit fuzzy. But let's include things like telecom in there, and not things like construction. Does anyone have a ballpark estimate? This is my first time using Yahoo Answers. Thanks!!

2006-12-07 06:24:56 · 4 answers · asked by Robert K 1

Some people claim that the "economic way of thinking" does not apply to issues such as health care. Explain how economics does apply to this issue by developing a "model" of an individual's choice.

2006-12-07 05:27:04 · 2 answers · asked by JASON A 1

Bizarre question, I realise. What I mean is this: with absolute values, you would say, for example, that an increase from 20 employees to 30 employees is a 50% increase: 50% of 20 is 10, 10 + 20 = 30. Everybody's happy. But as the values I'm speaking about are already percentages, it seems potentially confusing. In statistical analysis, is there any terminology to differentiate between the two values in my titular question? Or if somebody says 'sales tax was 10% but it's gone up by 25%', am I merely to guess whether the new tax rate is 35% or 12.5%?

Sorry if this question was confusingly worded...

2006-12-07 05:10:49 · 10 answers · asked by XYZ 7

The Grameen Bank was founded by the recent Nobel Peace Prize winner, Sir Muhammad Yunis (Bangladesh). This bank issues low scale loans (less than $200) with no collateral, towards those seeking to develop a small scale manufacturing unit or business. These banks observe an astonishingly high rate of return (more than 90%). The basic objective of the Grameen bank is to help the poor stand on their own feet.

Obviously, there have not been more significant ideas to help solve the problem of poverty. Are there any other ways to end poverty? If your solution targets a specific region (Somalia, for example), please specify the region. ....Looking forward to your response.....Thank you.... - Praveen

2006-12-07 05:01:12 · 3 answers · asked by Praveen C 2

Middle East and especially African .

2006-12-07 04:19:20 · 4 answers · asked by Christian M 1

Millionaires are so last millennium. The new Forbes 400 list of richest Americans is billionaires only.

If you're net worth is a mere $999 million, forget it. A billion means a thousand million, and that's the Forbes 400 minimum -- up from $900 million in 2005.

Donald Trump and two of his kids grace the Forbes 400 cover, but ranked No. 94 with $2.9 billion, Trump's a long way from No. 1 Bill Gates with $53 billion.

The combined wealth of the 400 richest Americans is a record-breaking $1.25 trillion. That's about the same amount of combined wealth held by the 57 million households who make up half the U.S. population.

The economy is booming for billionaires. It's a bust for many other Americans.

A record 400 Americans are billionaires -- and a record 47 million Americans have no health insurance.

America has 400 billionaires -- and 37 million people below the official poverty line.

The official poverty line for one person was just $9,973 in 2005 (latest data). That wouldn't cover the custom-made men's shoes ($4,128) and Hermes purse ($6,250) on the Forbes Cost of Living Extremely Well Index. The official poverty line of $15,577 for a three-person family is lower than the cost of the Patek Philippe men's gold watch ($17,600).

The Forbes 400 minimum is up $100 million since 2005, but the federal minimum wage has been stuck at $5.15 an hour -- just $10,712 a year -- since 1997. GOP leaders in Congress have been holding a raise for minimum wage workers hostage to more giant tax cuts for wealthy inheritors.

Wealth isn't trickling down. It's flooding up -- from workers to bosses, small investors to big, poorer to richer.

The heirs to Wal-Mart founders Sam and Bud Walton have a combined $82.5 billion -- while the children of Wal-Mart workers swell the ranks of state health insurance programs for the neediest.

In today's corporate America, workers see gutted paychecks and pensions despite rising worker productivity, while CEOs get golden pay, perks, pensions and parachutes. The pay gap between average workers and CEOs has grown nine times wider since the 1970s.

The number of billionaires is a record high, but the share of national income going to wages and salaries is at a record low.

U.S. corporate profits increased 21 percent in the past year, Market Watch reported in March. "Profits have been so high because almost all of the benefits from productivity improvements are flowing to the owners of capital rather than to the workers," said Market Watch.

The wealthiest 1 percent of Americans (minimum net worth $6 million) owned 62 percent of the nation's business assets, 51 percent of stocks and 70 percent of bonds as of 2004, according to the latest data from the Federal Reserve Survey of Consumer Finances -- which excludes the Forbes 400. That's way up from 1989, when the wealthiest 1 percent owned 54 percent of business assets, 41 percent of stocks and 52 percent of bonds.

Our growing economy is not producing a growing middle class, but a richer aristocracy.

The high point for median household income -- the income of the household in the middle -- was $47,671 in 1999, adjusted for inflation. In 2005, median household income was $1,345 less at $46,326. In the same period, the Forbes 400 gained more than 100 billionaires.

Government policies are fueling rising inequality. Taxpayers with incomes above $1 million will see their after-tax income grow by about 6 percent this year thanks to tax cuts the nation can't afford.

In an economy where money is flowing up to the very top, even college-educated workers are going backward. Inflation-adjusted median household income was lower in 2005 than 1999 even when the householder had a bachelor's degree, master's degree, professional degree or doctorate.

The problem is much bigger than the rich getting richer, while the poor get poorer. The really rich are getting richer at the expense of most everyone else.

Solutions include restoring the link between rising worker productivity and pay, raising the miserly minimum wage, narrowing the obscene pay gap between workers and CEOs, rolling back tax cuts for the wealthy -- and stop taxing income from work more than income from capital gains.

2006-12-07 04:15:14 · 3 answers · asked by vanman8u 5

how much money is this

2006-12-07 04:04:50 · 5 answers · asked by shorty 1

2006-12-07 03:44:43 · 3 answers · asked by Anonymous

2006-12-07 03:39:41 · 1 answers · asked by christine ♠ 1

I have an economic question to answer explaing automatic stabilizers and how they have an impact of the business cycle. Please help if possible.

2006-12-07 03:34:09 · 1 answers · asked by April G 1

I’m totally aware that we depend on import goods from China for most of our materialistic needs, but my question is how well would we get along if the plug was pulled on us.

2006-12-07 03:16:44 · 4 answers · asked by apologetic123 1

Gold, stocks, bonds, land, real estate, etc.

2006-12-07 03:05:29 · 2 answers · asked by kinimod2 1

What effect do you think an increased alcohol tax would have on drinks particularly drunk by under 25s in UK?

"A tax on alcoholic beverages that are particularly consumed by under-25s is reportedly being considered as a means to curb "excessive drinking". Discuss the likely impact of such a tax with reference to the predictions and limitations of neoclassical analysis. Would you support this tax?"

This is the question I have to answer for an economics essay. What are your views? Any help would be greatly appreciated and if you could point me the way to any good articles, that would be great.

2006-12-07 02:31:43 · 9 answers · asked by totallyfree2rhyme 3

Women used to have an ironing day after the wash day until "wash and wear" was invented. Not to allow women the best material invented for clothing is a crime. Why are men allowed cotton/polyester, but not women? I have seen women looking all over during a sale for these blouse and SOL.

2006-12-07 02:30:43 · 2 answers · asked by lightellen3 3

2006-12-06 23:59:46 · 3 answers · asked by amy 1

post privatization pros and cons of PSU and the privatized company's.

2006-12-06 23:54:44 · 6 answers · asked by raj123 1

2006-12-06 23:29:17 · 11 answers · asked by mujeeb 1

2006-12-06 22:57:43 · 3 answers · asked by Anonymous

Policy specialist always insist having a Policy as a tool for solving socio-economics and cultural problems. what are the likehood problem that may come in along why we do solve socio-economics and cultural problems without having the Policy at hand?

2006-12-06 21:58:30 · 4 answers · asked by sanjwi 1

2006-12-06 21:48:11 · 2 answers · asked by BUBBLY 1

as long as greed prevails and those who support it fail to realize that it vitiates their happiness as well I think not!

2006-12-06 20:35:58 · 3 answers · asked by dogpatch USA 7

Pegging the Yuan low to the dollar creates a trade surplus with the US, but causes a breakeven trade balance with the rest of the world. WHY?

2006-12-06 19:12:26 · 3 answers · asked by vandit 1

2006-12-06 18:12:24 · 2 answers · asked by thebrockmillionaire 3

I dont think so because, india is lagging behind in many other fields of growth except in bio technology and information technology. Please share your opinions.

2006-12-06 17:53:44 · 14 answers · asked by Shree 1

2006-12-06 17:10:02 · 5 answers · asked by akumar122 1

2006-12-06 15:32:16 · 9 answers · asked by chinpingmei 2