Conspicuous Consumption

The purpose of economics should be to promote the production and ease the purchase of goods and services to meet our human needs. It has become to buy more to show off. Can we develop an economic system that is more equitable in its service to humanity ?

Beige Book Negates Ground Floor Economics

Often when one reads the Federal Reserve’s Beige Book economic snap shots, outlook and regional predictions one would wonder do they simply dismiss the underground economy of illegal aliens small businesses, cash economy or illegal drug trade?

U.S. Gambling Culture Spreads to Wall Street

In 2005, worldwide online gambling revenue is expected to be over $US10 billion for such operators while a total of $US 200 billion is expected to have been wagered. The prevalence of online gaming and the large revenues enjoyed from it has now, however, prompted major U.S. brokerage firms to claim their piece of the pie.

Economic Justice

We all pay it lip service as we do democracy and freedom. Who among us will resolve to live it?

Basics of Welfare Economics

Human beings are the building blocks of society. The societies agglomerate to make states. And then the nations are formed. The economy of a nation is the indicator of its prosperity

Why Do Americans Keep Spending Despite The Enormous Account Deficit?

Despite a widening account deficit, the US seems to steam ahead of its other western counterparts. Why is it that Americans are spending more than ever, even in times of an unpredictable future? Who, or what is responsible for this phenomenon?

2006 Retail Sector; Is The Industry Taking on Water?

Retail sales were projected just before the first week of January 2006 to experience modest growth throughout 2006. Some analysts predicted as high as 4.7 to 5%, but now some are re-adjusting their figures.

The Family Silver is Sold Again

Westinghouse, the nuclear-engineering company owned by the British Government has just been sold to Japanese company Toshiba for a price close to 2.8 billion pounds – almost twice the original estimate. One may question the wisdom of the government' decision to sell given the current energy review which is likely to support the building of new nuclear plant as a means to stem the growing dependency on foreign gas.

Drill Campaign Could Re-ignite Utah Uranium Mining Boom

Since 2001, spot uranium has jumped by more than 500 percent. Accompanying the new uranium upswing, many of the old projects in Wyoming, New Mexico and elsewhere are being revived. Will a uranium discovery by Max Resource Corp trigger a 1950’s style uranium boom in western Utah?

The Federal Trade Commission- Promoting Healthy Consumers Through Healthy Competition

One of the Federal Trade Commissions so-called accomplishments in a report to Congress trying to justify its FY 2007 Budget was that it has worked to foster competition in the Health Care Industry and thus lower costs, increase choices and help American Consumers.

Bird Flu and its Possible Impact in Indian Economy

Bird flu has struck India at a small scale right now. It is yet to become a major cause of concern for the country. However, there are signs that the Indian government and the people are taking this threat more and more seriously. Already, there has been a huge initiative to cull out thousands of chickens in order to prevent the flu from spreading all over the country.

Raw Material Flows Important to R and D Regional Economics

Economic development associations need to be extremely careful when recruiting new businesses to their region. For instance if they are recruiting a high-tech firm which will be doing some manufacturing that may need to be cognizant of the supply chain for that particular business and that particular industry.

Economics and the Ranting Public

Today you can go on any Blog and hear the critics criticizing economic policy and the Bush Administration. Yet, our unemployment rates are so low and our GDP so high it is hard to find fault. Of course one could perhaps call question to the trade deficit

China Worst Nightmare for GM, Ford

Worst nightmare for General Motors Corp., Ford Motor Co., employees, suppliers and stockholders reared menacingly last week. American customers are concerned. The old “yellow menace” of once-thought bygone days is alive and well and starting to manufacture automobiles in China.