Economy – Page 49 – Shamskm: A site to exchange knowledge and solutions

World Politics: Balance of Power Between the U.S. and China

By Guest PostNovember 25, 20101 commentEconomy, Politicsamericans, China, chinese, chinese education system, college graduates, edward stern, Facebook, hubei province, industrial power, jobless, middle east, super power, united states, world war, YouTube

For the first time since establishing itself as a world super power following World War I, the United States appears like it may be losing its footing. The prosperous nation’s economy is tanking. Thousands of Americans are jobless, with houses being foreclosed left and right. Americans have little confidence in their beleaguered government, which is in serious debt. There is little consensus amongst politicians or citizens regarding important issues, which has led to great party-based divisions in the country. The country is fighting a losing battle in the Middle East, and has been at war continuously since World War II. (more…)

Shrubby Crops Can Help Fuel Africa’s Green Revolution

By Guest PostNovember 24, 2010Economy, Environment, Generalafrica, agricultural revolution, calorie-rich food, crop diversification, green revolution, malawi, nutrient-enriched grain, peanuts, rotating corn, shrubby legumes, sieglinde snapp, soybean

Rotating corn with shrubby legumes holds a key for fueling Africa's green revolution. Image credit: Michigan State University

EAST LANSING, Mich. — Crop diversification with shrubby legumes mixed with soybean and peanuts could be the key to sustaining the green revolution in Africa, according to a Michigan State University study.

The study, which appears in the Nov. 22 issue of the Proceedings of the National Academy of Sciences, states that diversifying crops would boost production of nutrient-enriched grain by 12 percent to 23 percent, said Sieglinde Snapp, a crop and soil scientist at Michigan State University’s Kellogg Biological Station who led the study.

Malawi has been called the cradle of Africa’s green revolution. Through its government subsidizing 90 percent of fertilizer and superior corn seed costs, Malawi has reaped substantial gains in productivity of calorie-rich food. The successful program has had some unintended consequences, though, such as reliance on starchy cereals, expensive fertilizer and depleted soils. (more…)

Tightwads and Spendthrifts: A Black Friday Tradition

By Guest PostNovember 22, 2010Culture, Economyblack friday, characteristics, holiday shopping season, obama chia pet, pain, professor, psychological pain, scott rick, spending decisions, spendthrift, spendthrift-tightwad scale, thanksgiving, tightwad

ANN ARBOR, Mich.— Every year about this time, on Black Friday, the day after Thanksgiving that traditionally begins the holiday shopping season, early-morning consumers stand in long lines eager to purchase some sought after prize. From the outside, it looks as if these holiday shoppers can’t wait to plunk down their cash, but Ross School marketing professor Scott Rick says consumers often behave differently than they would ideally like to behave.

“Some consumers chronically spend more than they would like, and some consumers chronically spend less than they would like,” he said. “Where an individual falls within the range of desiring to spend more or less largely determines whether he or she is a tightwad or a spendthrift, characteristics that determine quite a bit about a person’s spending habits.” (more…)

Still Feels Like a Recession, But Slow Recovery Will Pick Up

By Guest PostNovember 18, 2010Economyeconomic output, economic policy, economic recovery, payroll jobs, policy outlook, recession, recovery

ANN ARBOR, Mich.—While the nation’s economy will gain some momentum in the second half of next year, it will take until 2012 before unemployment finally begins to subside, say economists at the University of Michigan. (more…)

Rare Earth Elements in U.S. Not So Rare

By Guest PostNovember 18, 2010Economy, Environment, Scienceaustralia, bear lodge mountains, bokan mountain, China, department of defense, deposits, geochemical properties, marcia mcnutt, mountain pass, rare earth elements, ree, united states

*Significant Deposits Found in 14 States*

Rare Earth Elements. Image credit: USGS

Approximately 13 million metric tons of rare earth elements (REE) exist within known deposits in the United States, according to the first-ever nationwide estimate of these elements by the U.S. Geological Survey.

This estimate of domestic rare earth deposits is part of a larger report that includes a review of global sources for REE, information on known deposits that might provide domestic sources of REE in the future, and geologic information crucial for studies of the availability of REE to U.S. industry.

The report describes significant deposits of REE in 14 states, with the largest known REE deposits at Mountain Pass, Calif.; Bokan Mountain, Alaska; and the Bear Lodge Mountains, Wyo. The Mountain Pass mine produced REE until it closed in 2002. Additional states with known REE deposits include Colorado, Florida, Georgia, Idaho, Illinois, Missouri, Nebraska, New Mexico, New York, North Carolina, and South Carolina. (more…)

‘Nightmare’ Economy Still a Source of Restless Nights, says Krugman

By Guest PostNovember 11, 2010Economyben bernacke, China, columnist, economist, Economy, federal reserve, global markets, Great depression, japan worriers, japanese economy, martin luther king, microeconomic, new york times, nobel prize, obama administration, paul krugman, richard c levin, sprague hall, united states

Paul Krugman. Image credit: Yale University

Nobel Prize-winning economist and New York Times columnist Paul Krugman had some generally dismal news for the near capacity audience that came to Sprague Hall on Tuesday for his Jackson Institute-sponsored town hall meeting.

The gathering, aimed at undergraduates, was held in conjunction with Krugman’s visit to Yale to receive the Henry E. Howland Memorial Prize, one of the highest honors that the University bestows.

Krugman was introduced by President Richard C. Levin; the two were briefly colleagues in Yale’s Department of Economics in the 1970s. He kicked off the Q&A with background on the current economic situation. (more…)

Sick at Work and Surfing the Net? You’re Not Alone – or Are You?

By Guest PostNovember 10, 2010Culture, Economy, Generalabsenteeism, buzzword, environmental medicine, Health, presenteeism, reduced productivity, scholars, susan hagen, university of michigan

ANN ARBOR, Mich.— Some scholars estimate that presenteeism, a relatively recent buzzword that applies to people who are less productive at work because of health issues, costs employers as much as three times the dollar amount as absenteeism in terms of lost productivity.

But researchers at University of Michigan believe those numbers may be inaccurate. A new opinion paper suggests that the tools for measuring and quantifying hours of lost productivity and translating those hours to dollars are unreliable and don’t capture the entire presenteeism picture, said Susan Hagen, an analyst from the U-M School of Kinesiology Health Management Research Center (HMRC). (more…)

BP Returns to Profit, Estimates Oil Spill at $40 Billion

By PravdaNovember 2, 2010Economybob dudley, bp, ceo, energy giant, gulf of mexico, oil spill, profit

Energy giant BP announced a return to profit on Tuesday but revealed new shock estimates for the cost of its Gulf of Mexico oil spill, putting the expected bill at close to $40 billion.

The new figure is far higher than expected. BP said it had taken an additional charge of $7.7 billion during the third quarter, bringing the company’s own total estimated clean-up and legal costs to $39.9 billion. (more…)

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