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Sunday, February 28, 2016
Worldwide News
Go to Welker's Wikinomics Economics Universe feed by following this link.
Browse through the multitude of articles until you find one dealing with market structures (monopolies, oligopolies, monopolistic competition, perfect competition). Go to the article read it, and fill out the following:
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Article Title:
Date:
Market Structure discussed:
2-3 Sentence Synopsis of article:
You may not copy anyone else's article, so get this one done early.
Article Title:
Date:
Market Structure discussed:
2-3 Sentence Synopsis of article:
You may not copy anyone else's article, so get this one done early.
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ReplyDeleteSource: http://www.reuters.com/article/us-starbucks-italy-idUSKCN0W2058?feedType=RSS&feedName=businessNews
ReplyDeleteArticle Title: Starbucks cafes to open in Italy in early 2017
Date: Feb 28, 2016
Market structure discussed: monopolistic competition
Synopsis: Milan is opening its first Starbucks starting early in 2017. The article says that Starbucks is the world's biggest coffee chain and also shows how powerful firms can become in certain industries. Starbucks being able to spread globally shows that in a monopolistic competition market, firms can sell similar products but can become more popular based on a brand.
Dahlia Chandrahasan, 4th period
Source: http://news.yahoo.com/valeant-ceo-pearson-return-effective-immediately-results-delayed-021043212--finance.html
ReplyDeleteArticle title: Valeant CEO Pearson to return effective immediately, results delayed
Date: February 28, 2016
Market Structure Discussed: Monopolistic competition
Synopsis: The CEO of Valeant Pharmaceuticals International, Michael Pearson, is expected to return from medical leave and postponed the release of fourth-quarter results planned Monday. Valeant has been under a lot of pressure lately over its dealings with Philidor RX Services, a pharmacy with which it had a close relationship and which sources said used aggressive tactics to increase sales of its dermatology products. Valeant is currently under investigation by many for their monopolistic ties and tactics to overcome other pharmaceutical companies.
Abilio Sanchez
6th period
Source: http://www.netvibes.com/welkerswikinomics#Economics_News_Feeds
ReplyDeleteArticle title: Disney World and Disneyland Introduce Surge Pricing
Date: 2/27/16
Market structure discussed: monopoly
Synopsis: Disneyland and Disney World are raising ticket prices by 20% during the holidays and some weekends due to an increase in demand. Tickets at Disneyland, which are currently $99, will now range from $95-$115, and tickets at Disney World will now range from $105-$124. The purpose of the demand based pricing is to limit the crowds and long lines during the holidays, which have become a problem.
Fatima Wahid
2nd Period
Source: http://time.com/4240092/walt-disney-world-disneyland-surge-pricing/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+time%2Fbusiness+%28TIME%3A+Top+Business+Stories%29&utm_content=Netvibes
ReplyDeleteArticle Title: Disney World and Disneyland Introduce Surge Pricing
Date: Feb. 27, 2016
Market structure discussed: monopolistic competition
Synopsis: The article discuses a change on prices due to the huge surge of customers that they will be having. They will be increasing prices during the "surge" times and lower them when the trafic is lower. While they are doing this to avoid huge trafic, they manage to do this by being the only company allowed to have the disney theme. In a way, they have a monopoly on the disney hype.
Nicholas Tong
Delete6th
Source: http://time.com/4237407/orison-home-battery/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+time%2Fbusiness+%28TIME%3A+Top+Business+Stories%29&utm_content=Netvibes
ReplyDeleteArticle Title:This Tesla Competitor Looks Incredibly Futuristic
Date:2/25/2016
Market Structure Discussed: Perfect Competition
Synopsis: A small start-up company in California is preparing to produce a home battery that uses alternative energy. Although it wont be big enough to compete with Tesla right away, it might bring a new wave of competition and innovation for the alternative energy industry.
Poju Adeogba
2nd Period
Source:http://www.theguardian.com/housing-network/2016/jan/30/luxury-london-homes-86m-social-housing
ReplyDeleteArticle Title:Levy on luxury London homes would net £86m a year for social housing
Date:February 28, 2016
Market Structure:Monopoly
Synopsis: The article discusses how The London government may raise property taxes on luxury London homes bought by the global super-rich in order to raise money for social and affordable housing. Though many seem to think that this is out rages and don't necessarily agree with it there was a study that showed that they would not really complain because they feel that no other international city offered the same level of luxury services, cultural attractions and relative safety. The City can hence be compared to a good with little to no substitutes for these people, and the government is a barrier to entry in this monopoly.
Cynthia Galán
Period 4
Source: http://www.reuters.com/article/us-global-oil-idUSKCN0W2029?feedType=RSS&feedName=businessNews
ReplyDeleteArticle Title: Oil prices rise, signs mount that market is bottoming out
Date: February 28th, 2016
Market structure discussed: Monopoly
Synopsis: After crude oil had risen to 15% and exactly $35.51 per barrel this past Monday, experts had said that the market could be bottoming out. Analysts said that first signs of a stronger outlook were appearing after the prices fell by 70 percent over the past 20 months. With OPEC countries,specifically Saudi, has been lowering their prices per barrel so low that it does not scare them.
Britney Stephen, 6th
Source: http://www.engadget.com/2016/02/28/google-neural-network-locates-photos/
ReplyDeleteArticle Title: Google neural network tells you where photos were taken
Date: 2/28/2016
Market structure discussed: Monopoly
Synopsis: Google has just released PlaNet, an artificial intelligence system that can locate the setting of a photo posted online. With this move, Google, the monopoly in web searches, could increase the taste consumers have for Google and shift the demand curve right. This technologically savvy move will make it even harder for want-to-be competitors, such as Yahoo and Bing, to successfully compete with Google for use/business.
Jackie Rosenthal
6th period
Source:http://www.economist.com/news/leaders/21689546-britains-tax-men-struck-poor-deal-real-problem-lies-flawed-international?fsrc=rss
ReplyDeleteArticle title: Going after Google
Date: January 30th, 2016
Market structure: Monopoly
date:February scole
Synopsis: Google is considered a monopoly dues to its extremely large search engine and technological presence. It currently holds 63.9% of the market share and as the article discusses, foreign countries are considering new ways of Taxing the tech giant.
Source: http://mobile.shanghaidaily.com/article.aspx?i=606111
ReplyDeleteArticle title:
Shanghai remains the biggest job market in China
Date:
5:28PM, February 29, Monday
Market structure discussed:
Oligopolies
Synopsis:
Shanghai remained the biggest job market in China. Beijing, Shenzhen, and Guangzhou took the second to fourth places. Employment demand from services industries amount to more than 80 percent in the largest cities, and sales, sales management, e-commerce, and computer software positions were in greatest demand. Although China has one of the most manufacturing industries in the world, it has went through the shortage of workers.
Jiayu Wang
Period 4th
Source: http://www.reuters.com/article/us-news-corp-lawsuit-idUSKCN0W2224?feedType=RSS&feedName=businessNews
ReplyDeleteArticle Title: News Corp faces U.S. trial over monopoly of in-store ads
Date: Mon Feb 29, 2016 - 10:46am
Market Structure Discussed: Monopolies
Synopsis:
A news corporation, News Corp, is on the court of trial and is being accused of advertising in-store for other companies through coupon dispensers, electronic signs, end-of-aisle displays and shopping cart ads, etc. News Corp is denying these accusations and argues that there was no harm done to any of the corporations or their competitive processes
Period 2nd, Yousuf Sirajuddin
Source: http://www.foxnews.com/leisure/2016/02/29/starbucks-plans-to-open-first-store-in-italy/
ReplyDeleteArticle title : Starbucks plans to open first store in Italy.
Date: Feb 29th 2016
Market structure:oligopolies
Starbucks has announced that they plan to open up their first store in collaboration with Percassi in early 2017. They face many challenges to gain business in the culturally rich country that heavily values their coffee.
Leesa Cano
Period 6
Source: http://www.economist.com/news/science-and-technology/21693564-fbis-legal-battle-maker-iphones-escalation?fsrc=rss%7Csct
ReplyDeleteArticle Title: Taking a bite at the Apple
Date: Feb 29, 2016
Market Structure: Monopoly - Apple Corporation
Synopsis: After discovering that one of the San Bernardino shooters used iPhone prior to the shooting, the FBI believes that his phone may have had some important information involving national security. Due to the fact that the FBI cannot unlock the iPhone and its encrypted info, they are turning to Apple in order to grant them access into the phone. Apple believes that if they do this for one phone it will allow a back door for the government to access and spy on anyone's iPhone worldwide, breaking their privacy policy. The FBI and Apple are due in court on March 22 to find a solution to this national security/ privacy issue.
Omar Khadimally - Period 2
Source: http://time.com/4241068/netflix-blocking-vpn/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+time%2Fbusiness+%28TIME%3A+Top+Business+Stories%29&utm_content=Netvibes
ReplyDeleteArticle Title: Netflix is Blocking a Clever Trick to Access More Shows and Movies
Date: February 29,2016
Market Structure: Monopoly (Netflix video streaming)
Synopsis: After discovering the fact that many users are using VPN's to change their location to view other streaming content in different countries, Netflix is taking matters into their own hand. They are putting blocks on the VPN to stop people from viewing shows and movies that are not available in their country.
Victoria Avila - 6th period
Source: http://www.swissinfo.ch/eng/unfair-competition-_swiss-taxi-drivers-stand-up-to-uber/41991190?ns_mchannel=rss&srg_evsource=rss
ReplyDeleteTitle: Swiss taxi drivers stand up to Uber
Date: February 29,2016
Market Structure: Monopoly (Taxi)
Synopsis: Taxi drivers are fighting in Bern,Switzerland to prevent "unfair" competition. They claim that Uber lacks the same quality requirements as taxies, and want them banned as they were banned in Geneva.
Chris Varghese
Period 6
Source:http://www.shanghaidaily.com/business/manufacturing/Shanghai-firm-seeks-Manzs-tech-prowess/shdaily.shtml
ReplyDeleteTitle:Shanghai firm seeks Manz’s tech prowess
Date:2/29/2016
Market Structure:perfect competition
Synopsis: Manz is facing a difficult period as it did not make profit 2014. SHANGHAI Electric plans to spend up to 92.93 million euros (US$101.7 million) to buy more than a quarter of the shares in Manz, a German producer of production systems, as the Chinese company taps the latter’s smart manufacturing expertise.
Alex Ittoop
peiord 2
Source: http://allafrica.com/stories/201602292361.html
ReplyDeleteTitle: Ghana: Local Rice Demand Pushes Price of Imported Rice Down
Date: February 26, 2016
Market Structure: Perfect Competition
Synopsis: In the wake of a new wave of patriotism in Ghana, more Ghanaian people are choosing to buy rice from local growers. As a result, the price of imported rice has dropped to meet a decreased demand. The decrease in demand for imported rice can also be attributed to the end of a Ghanaian cultural festival, so the price of rice may be lowering to return to the normal price after the spike it saw during the period of festivities.
Logan Felton
Period 2
Source: https://www.washingtonpost.com/business/economy/when-will-interest-rates-bottom-out/2016/02/26/2f148b14-d71d-11e5-9823-02b905009f99_story.html?wprss=rss_economy
ReplyDeleteTitle: How low will interest rates go?
Date: 2/29/16
Market structure: Oligopoly
Synopsis: There are warnings that years of record-low mortgage rates are about to end. Anders Liljehom decided to refinance his mortgage in December with only a few days to spare before the Federal Reserve raised rates. The central bank is hoping not to cut interest rates. This will produce super low rates and prompt economists to reduce their forecasts for rates in 2016.
Karishma Shah, pd 2
Source: http://www.foxbusiness.com/markets/2016/02/29/how-target-corporation-won-holiday-shopping-season.html
ReplyDeleteTitle: How Target Corporation Won the Holiday Shopping Season
Date: February 29, 2016
Market Structure: Perfect Competition
Synopsis: Despite the poor performance of Walmart, Macy's, Kohl's, and Best Buy on the stock market, Target dominates the holiday shopping by utilizing 3 steps: optimizing Target's core strengths, leading the fight against Amazon for space in e-commerce, and fitting into the small-format locations instead of huge properties.
Derrick S.
Period 2
Tiffany Chan
ReplyDelete6th period
Source: www.netvibes.com/welkerwikinomics#Economics_News_Feeds
Title: WalMart, Tesco to gain as gov't allows 100% FDI in multi-brand processed food retailing
Date: 2-29-2016
Market Structure: WalMart can be seen as an oligopoly or monopoly. It is an oligopoly because there are only a few firms in the US dominating the retail business. It is a monopoly because of its incredible size making the company very powerful.
Synopsis: The US government will now allow 100 percent FDI into multi-brand processed food retailing. This will benefit mostly farmers and will also create a lot of employment opportunities.
Source: http://techcrunch.com/2016/02/29/amazon-morrisons/
ReplyDeleteTitle:Amazon Steps Up U.K. Grocery Advance With Morrison Agreement
Date: 2/29/16
Market Structure:monopolistic competition
Synopsis:Amazon has signed a wholesale supply deal with Morrisons, one of Britain’s largest supermarket chains, to deliver fresh and frozen groceries to Amazon Prime Now and Amazon Pantry customers.The company launched Amazon Pantry in the United Kingdom last November, as part of an initiative to expand its online grocery business there.
Ashley Abraham Period 6
Source: http://www.swissinfo.ch/eng/business/south-korean-investigation-_novartis-suspected-of-corruption/41979506?ns_mchannel=rss&srg_evsource=rss
ReplyDeleteTitle: Novartis suspected of corruption
Date: 02/23/2016
Market Structure: Monopoly (Pharmaceuticals)
Synopsis: Swiss Pharmaceutical giant, Novartis, is under investigation. Novartis is suspected of offering bribes to doctors in the form of rebates for the product. Spokeswoman from Novartis says that Novartis is committed to high standards of ethical business conduct and regulatory compliance in all aspects of work and they take any allegations of misconduct seriously.
Ayoub Nasraddine
Period 6
Source: http://www.reuters.com/article/us-autoshow-geneva-toyota-bmw-idUSKCN0W22P9?feedType=RSS&feedName=businessNews
ReplyDeleteArticle Title: "Toyota, BMW strongly motivated to collaborate on sportscar: Toyota executive"
Date: Feb 29, 2016
Market Structure: Oligopoly
Synopsis: Toyota and BMW two of the main dominating firms of the industry are looking to combine to create a one of a kind fuel efficient sports car that has few tradeoffs to being environmentally safe. Toyota and BMW through their understanding of game theory and what each could bring to the table in production wise which could lead to them dominating the market in a way that benefits both sides and allows maximization of profits without one losing more than the other in the traditional methods of game theory.
Babur Khan, 4th Period
Source:http://www.cbc.ca/news/business/television-crtc-skinny-basic-cable-1.3469483?cmp=rss
ReplyDeleteArticle Title:Skinny' cable TV a day away: What's coming for consumers
Date: February 29th
Market Structure discussed: Monopoly (cable companies)
2-3 Sentence Synopsis of article:The Canadian govt. is emposing a new starter-level package of only $25.00 that cable comapnies have to oblige by. This entry level package would slim down what consumers received cutting out a lot of American channels and focusing on Canadian channels ONLY. Cable companies are now adding pick-and-pay channels ranging from $4.00 to $8.00 per channel yu want to add onto people's bill.
Bailee Mouton
Sixth Period
Source:http://money.cnn.com/2016/02/29/investing/oil-prices-surge-opec/index.html?section=money_news_economy
ReplyDeleteArticle Title:Is the oil crash over? Prices soar 30% in 11 days
Date: February 29, 2016
Market Structure discussed :Oligopoly(Oil)
2-3 Sentence Synopsis of article:Investors around the world freaked out when oil prices plummeted to a 13-year low of $26.05 a barrel on February 11. But they are now sitting at $34 a barrel, marking an incredible 30% spike in the span of just 11 trading days.Hope has been fueled by OPEC. Saudi Arabia, Russia and other producers agreed to a tentative deal on February 17 to freeze output.
Rifa Shah
Period 4
Shogan Tom
ReplyDeletePeriod 6
Source: http://www.cnet.com/news/htc-vive-vs-oculus-rift-preorders-which-will-you-choose/
Article Title: HTC Vive vs Oculus Rift preorders: Which will you choose?
Date: 2/29/2016
Market Structure discussed :Oligopoly(Virtual Reality)
2-3 Sentence Synopsis of article: PC gaming now only has 2 major companies that make virtual reality helmets, which are going to war with each other. According to the website both systems are very good, but HTC seems more expensive than The Oculus. There are other virtual reality systems out there, these seems to be the best quality and the only for PC, others are on moblie devices and game consoles.
Source: http://time.com/4242026/google-rock-paper-scissors-android-iphone-apple/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+time%2Fbusiness+%28TIME%3A+Top+Business+Stories%29&utm_content=Netvibes
ReplyDeleteDate: 2/29/26
Market Structure discussed: oligopolies ( Microsoft and apple)
2-3 Sentence Synopsis of article: Google launches a new ad campaign using "Rock, paper, scissors" to make a point for their new tag line "be together, not the same" This is a jab at apples uniformity among its phones, trying to make a point that being different is ok.
Article title: Google Uses ‘Rock Paper Scissors’ to Attack Apple for Being Boring
DeleteThis comment has been removed by the author.
ReplyDeleteVeronica Wang
ReplyDeletePeriod 4
Source: http://money.cnn.com/2015/02/27/smallbusiness/famebit/index.html?section=money_news_economy&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_news_economy+%28Economy+News%29&utm_content=Netvibes
Title: FameBit users: They're getting cash, free products, and Youtube-famous
Market: monopolistic competition
Date: 2/27/16
This article discusses a website called FameBit that is a market, itself, for beauty brands and Youtubers to interact by the beauty brands marketing their products towards Youtubers, in order for them to promote them on their channels. It shows monopolistic characteristics in the way that each brand is selling different products, none of which are close substitutes to each other. This website is now connecting the Youtube platform with beauty brands, forming business relationships and advertising connections. Through this, the beauty brands are being advertised, and the youtubers are able to earn money for products they enjoy.
Source:http://www.reuters.com/article/us-iraq-oil-exports-idUSKCN0W33Z8
ReplyDeleteTitle:Iraq's southern oil exports slip in February
Date:3/1/16
Market:Monopoly
Synopsis: This article talks about the decreased production of the oil monopoly that is present in Iraq. It shows us the raise in price that the monopoly put forth as their production went down but the quantity produced was still too low shown by their decreased revenue from January.
Source: http://allafrica.com/stories/201603011843.html
ReplyDeleteArticle Title:Swaziland: Gold Mine Adds to Swazi King's Wealth
Date: 03/01/2016
Market Structure discussed:Monopoly (Gold)
The King Mswati III, rules over his land which contains a gold mine which could be worth around US$148 Million, many more while he owns 13 palaces, a fleet of BMW's and Mercedes Benz cars, his 7/10 1.4 Million subjects live in poverty with a US$2 a day. King Mswati sure is taking a monopolization of the gold for himself and is planning on marketing it for his own profit, and since no one in the country can stop him he surely is monopolizing the gold market.
Eric Chong, 2nd Period
Source:http://www.netvibes.com/welkerswikinomics#Economics_Blogs_Feeds
ReplyDeleteArticle Title: Does Money Ruin Everything?
3/1/2016
Market: Product Differentiation
This article talks about what is wrong with betting on ideas. Betting tends to put people into positions, gets them rooting for one outcome over another, it makes the denouement of the bet about the relative status of the people in question.
Source: http://m.economictimes.com/news/international/business/hyundai-to-develop-mini-electric-car-electric-scooter-report/articleshow/51218103.cms
ReplyDeleteArticle: Hyundai to develop mini electric car,electric scooter: Report
Date: 3/1/16
Market: Monopolistic Competition
The motor company (Hyundai) is developing electric cars and scooters to expand bringing "smart mobility" into the industry. Hyundai is developing smarter ways to get around with "smart mobility" as urbanization rises with pollution to benefit the environment. Hyundai is also working on smarter ways to transport the elderly, attempting to build a robot to help senior citizens.
Allen Watson
Delete6th Period
Source: http://time.com/4245388/aubrey-mcclendon-car-crash-death/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+time%2Fbusiness+%28TIME%3A+Top+Business+Stories%29&utm_content=Netvibes
ReplyDeleteArticle: Former Energy Co. CEO Dies in Car Crash One Day After He’s Indicted
Date: 3/2/16
Market: Monopolistic Competition
Aubrey McClendon, a natural gas industry titan who was indicted on Tuesday by a federal grand jury for allegedly conspiring to rig bids to buy oil and natural gas leases in northwest Oklahoma, has been killed in a fiery single-car crash in Oklahoma City.
Sarah Sam
6th period
Source: http://money.cnn.com/2016/03/03/news/economy/diamond-mines-zimbabwe/index.html?section=money_news_economy
ReplyDeleteArticle: Why Zimbabwe shut down its diamond mines
Date: 3/3/16
Market: Monopolies
This article basically talking about government in Zimbabwwe ordered the companies operating all to bring them under a new state-run entity in order to take full control of its diamond mines. But two of them halt activity and vacate the premises which gone to court to try to block the moves, or at least to negotiate compensation that spell more problems for the country's already troubled economy.
ZhiQi Jiang
2nd Period
Source:http://www.cnet.com/news/iphone-fight-against-fbi-tech-groups-industry-leaders-throw-support-behind-apple/
ReplyDeleteArticle: Tech groups, AT&T, Twitter, Airbnb support Apple in iPhone fight
Date: 3/3/16
Market: Oligopoly
This article is basically talking about how many of the major oligopoly companies are joining with Apple in their stand against the FBI. They are trying to protect the security of their customers by trying to prevent a backdoor software from being applied to anything technology based.
Jackie Landoski
Pd.2
Starbucks cafes to open in Italy in early 2017
ReplyDeletemonopolist
oct 27 2015
this article says that it is moving starbucks to europe. says that the head person has visited the country and area and thinks that is will be able to grow in the area
David Sander pd 4
Source: http://www.cbc.ca/news/business/target-canada-landlords-1.3476324?cmp=rss
ReplyDeleteArticle: Target Canada will grant at least 66% to unsecured creditors
Date: 3/4/16
Market: Monopolistic competition
Synopsis: Article talks about how Target's investors are upset about the closing down of 133 stores last year. The reason so many stores were shut down is because Target had competition in Canada and thus, were not making enough revenue to keep those stores open.
Isabelle Tzeng ; 6th
Source: http://www.shanghaidaily.com/business/Samsung-eyes-China-market-with-mobile-payment-app/shdaily.shtml
ReplyDeleteArticle: Samsung eyes China market with mobile payment app
Date: March 5, 2016
Market: Monopolistic Competition
This article is talking about how Samsung Pay is just introduced into the Chinese market, which is shortly after Apple introduced their mobile pay system in China. It then goes on to say how Samsung is gaining several million users in the past 6 months, causing a fierce rivalry with Apple.
Andrew Auyeung
period 2
Source: http://time.com/4248025/staples-closing-stores/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+time%2Fbusiness+%28TIME%3A+Top+Business+Stories%29&utm_content=Netvibes
ReplyDeleteArticle: Staples Will Close 50 Stores This Year
Date: March 4, 2016
Market Structure: Oligopolies
The article mentions Staples' struggles and how stores are closing due to sales at stores declining. It also mentions the Federal Trade Commission blocking Staples' purchase of Office Depot as the deal could create a market similar to a monopoly.
Prakul Suresh
6th Period
Source: http://www.wsj.com/articles/amcs-carmike-deal-worth-the-price-of-admission-1457129399
ReplyDeleteArticle: AMC’s Carmike Deal: Worth the Price of Admission
Date: March 4, 2016
Market Structure: Oligopolies
This article is about AMC, “the second largest U.S. theater chain by screen count” bought over the number 4 biggest player, Carmike Cinemas for 1.1 billion in a cash deal. AMC will be able to save a lot of money from this deal through negations “heft with movie studios” and the elimination of Carmike’s corporate headquarters.
Source: http://www.foxbusiness.com/markets/2016/03/06/why-tesla-motors-investors-are-so-remarkably-patient.html
ReplyDeleteArticle: Why Tesla Motors Investors are so Remarkably Patient
Date: 3/6/16
Market Structure: Oligopoly
This article gives many reasons to why Tesla investors are so patient and willing to experience "cash burn". One of the main points is that Tesla is the latest car company to be established, in 2003, after 8 decades of no new company, Chrysler was established in 1925. Another point is that Tesla's vehicles are one of a kind and new to the public, creating a willingness to be patient.
Amanda Bailey Miller p.6
DeleteSOURCE: http://www.forbes.com/sites/modeledbehavior/2016/03/06/trade-war/#224ea1b16e53
ReplyDeleteARTICLE: Trade War!
DATE: March 6, 2016
MARKET STRUCTURE: perfect competition
This article is based on if Trump becomes president and if he were to start a trade war with the world economy. The article argues that if a trade war were to occur, and imports were limited and exports lessened, that it would have little real affect on the economy. However, it argues that with a shock like this in the economy could lead to a recession and a damaged economy.
Kyle Newby
Period 4
Source: http://www.dailytrust.com.ng/news/kano-chronicles/forex-scarcity-kano-traders-hike-price-of-commodities/135856.html
ReplyDeleteArticle: Forex scarcity: Kano traders hike price of commodities
Date: 2/24/16
Market Structure: Monopolistic Competition
The price of basic goods, such as pasta and vegetable oil, in Kano City has increased sharply, mainly because there is a scarcity of foreign currencies across the country. The price of a carton of pasta has increased to N 2,300 and the price of vegetable oil has increased to N 6,000. Some residents are complaining because they think that only the price of imported foreign goods should go up; the price for the locally produced goods should remain the same. However, that is not the case. Some of the store owners even are begging for the residents to understand that it isn't their choice to raise the prices overnight. They are saying that the residents need to make reasonable judgments before 'crucifying' them. Since there are no substitutes available, the people are forced to buy these goods at high prices.
Neha Shah
Period 6
This comment has been removed by the author.
ReplyDeleteSource: http://allafrica.com/stories/201603060226.html
ReplyDeleteArticle: Nigeria: Global Manufactures, Experts for Lagos Man Expo
Date: March 6, 2016
Market Structure: Oligopoly
This articles is based on the different manufacturing companies in Nigeria that sell similar products convening in order to discuss business and certain nuances of the Nigerian economy. The companies are all apart of an industrial alliance so the people often buy from these sellers which reduces competition but leads to higher prices for the consumers.
Chelsea Godfrey
2nd period
Source: http://www.foxbusiness.com/markets/2016/03/06/forget-google-this-company-is-one-to-watch-in-driverless-cars.html
ReplyDeleteArticle Title: Forget Google -- This Company Is the One to Watch in Driverless Cars
Date: March 6, 2016
Market Structure: Oligopoly
Google has been getting a lot of attention for their development of driverless cars, but behind their advancement is another company called NVIDIA. ChipmakerNVIDIA has used its Tegra processors to help power some of Google's driverless car tech over the past few years; they are are also partnering up with more than 50 carmaker and auto parts supplier in testing and using the company's Drive PX platform. The article stated that NVIDIA is already producing the hardware and software necessary to power many carmakers' future vehicles unlike many other tech companies therefore their technology will likely be the brain of our future vehicle.
Sophia Lian
2nd Period
Source:http://www.economist.com/news/middle-east-and-africa/21693971-nigeria-has-about-much-electricity-edinburgh-problem-powerless?fsrc=rss
ReplyDeleteArticle Title:Electricity in Nigeria Powerless
Date:3/3/16
Market Structure:Oligopolies
After years in which state-owned power plants decayed, the government changed course by selling power stations and the distribution grids that carry power to homes and businesses. Yet the supply of power has failed to respond as hoped in the two years since privatisation. At the moment the country’s big stations produce a pitiful 2,800MW, which is about as much as is used by Edinburgh. Only just over half of Nigerians have access to electricity, and it is still harder for businesses to hook up to the grid than almost anywhere else. One reason why privatisation has failed to improve Nigeria’s power supply is that the process itself was flawed from the start. Even as companies were bidding to buy power stations or distribution companies, striking staff prevented them from looking at what they were buying.
Karina Guerrero
4th period
Source: http://www.netvibes.com/welkerswikinomics#Economics_News_Feeds
ReplyDeleteArticle Title: Not so expresso
Market Structure: Perfect Competition
Starbucks will enter the Italian market by opening the first store in Milan. Starbucks is not the only firm to have stolen a march. An Italian developed the first espresso machine, but a Swiss firm, Nestlé, conquered the market for personal espresso-makers with its Nespresso system. The world’s second- and third-largest coffee groups, which merged in 2015 to create Jacobs Douwe Egberts, were American and Dutch, respectively. The industry is now in the grip of a fad for the “science” of coffee-making—improved grinding methods, better monitoring of water quality, and so on.
Lucky Marchelino, 4th Period
Source: http://www.latimes.com/la-op-dustup1oct01-story.html
ReplyDeleteArticle Title: Why is NASA the only game in space?
Market Structure: Monopolies
NASA can be considered to be a monopoly and is responsible for the most amount of space exploration. Due to the government allowing only certain space exploration companies to actually explore beyond a certain point, NASA is limitless. The government spending is a great deal on it and is the most powerful space exploration unit in the world. Since the barriers are present and they have control of resources it is considered a monopoly.
Daniel Oviedo, 4th Period
Source: http://www.netvibes.com/welkerswikinomics#Economics_News_Feeds
ReplyDeleteArticle Title: Which countries are testing driver-less cars?
Date: 6th March 2016
Market Structure: Perfect Competition
The race between companies in the automotive industry to produce fully autonomous driving cars has long been happening. Ford, Audi and Volkswagen have been testing for many years but none have successfully produced a model suited for the urban environment. Tesla promises to build a fully functioning model within two years and Google hits roadblocks in development as they receive negative media attention for failed experiments. This article presents a perfect competition market structure because all of these companies are competing for the technological upgrade that will increase sales tremendously. Autonomous vehicles will be a hit with many car owners who simply view driving as getting from one destination to another. Autonomous vehicles may also lower collision rates and allow its passengers to be occupied with other activities. Passengers will be able to text without driving!
Shalom Soman
4th period
DeleteSource: http://www.cbc.ca/news/business/dowdupont-ceo-parachute-1.3474697?cmp=rss
ReplyDeleteArticle Title: CEOs of Dow, DuPont get $80M US golden parachute in merger
Date: 03/03/16
Market Structure: Monopoly
Dow and DuPont used to be separate companies but they have merged together only to receive a golden parachute payment after DowDuPont split into three. A golden parachute payment is a contract that gives a top executive a huge payment if their company is taken over and their employment is terminated as a result of it. The Dow CEO and DuPont CEO both receive a substantial amount of money and this seems suspicious as if they were already planning to sell or merge in order to receive a huge payout.
Aleena Mathew
Period 6
Source: http://news.mongabay.com/2015/11/cameroon-convicts-activist-campaigning-against-palm-oil-company/
ReplyDeleteTitle: Cameroon convicts activist campaigning against palm oil company
Date: November 16, 2015
Market Structure:monopoly
The article is about an activist who was convicted by Cameroon of four criminal counts. His name is Nasako Besingi. He was protesting the actions of a palm oil company trying to make plantations.
Sunny Patil
Period 4
Source: http://allafrica.com/stories/201603060346.html
ReplyDeleteTitle: Nigeria: Power Generation Rises to 4387 MW, As Nerc Monitors Discos
Date: 5 MARCH 2016
Market Structure: Oligarchy
This article is about how the NERC has increased power production in Nigeria to 4,387 Mega Watts after a repair was made to their damaged gas facilities. They have also stated that those using the electricity will be billed according to how much electricity they have consumed, with no outside influences.
Sean Moss 2nd
Source: http://www.netvibes.com/welkerswikinomics#
ReplyDeleteTitle: Chinas two speed Economy
Date: 3/6/2016
Market Structure: Monopolistic competiton
The article is about how chinese corp samsung are not only continuing to help the normal customers but others in need also. Thus, they have sided with the chinese gov. to imrpove the area in general. This wants more people to buy samsung thus creating a monopoly over other corps.
Aaron Hudson 6th
source: http://time.com/4243933/att-internet-tv-streaming-directv-now/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+time%2Fbusiness+%28TIME%3A+Top+Business+Stories%29&utm_content=Netvibes
ReplyDeleteTitle: AT&T is Launching An Internet TV Service
Date: 3/1/2016
Market structure: Oligopoly
As At&T expands its horizons, it launches into the streaming television wars. The phone company will offer DirecTv and DirecTV mobile and compete with the top television streaming companies. AT&T will have to face Dish’s Sling TV, PlayStation Vue, and Verizon’s new mobile streaming service Go90. It will also face as long-term players like Netflix, Hulu and Amazon.
Mahnoor Malik 2nd
Source: http://www.netvibes.com/welkerswikinomics#Economics_News_Feeds
ReplyDeleteTitle: Not so espresso
Date: 3/6/2016
Market structure: monopoly
This article discussed how Howard Schultz was inspired to develop Starbuck's into what it is today. When he visited Milan, he saw that coffee was very important to Italian cultured, and that he needed to bring that into America and globally. Starbucks will be opening their first store in Milan March of next year. It also discussed the development of the first expresso machine, and Italy's attempts to create a sense of their own global industries.
Lauren Pham 4th
Source: http://time.com/4244959/e-cigs-commercial-flights-ban/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+time%2Fbusiness+%28TIME%3A+Top+Business+Stories%29
ReplyDeleteArticle title: Feds ban e cigs from commercial flights
Date: today 🙄
Market structure: oligopoly
The article is speaking about the ban of the use of e cigs on commercial flight. This is related to oligopolies because the major airlines are considered oligopolies, and here it is shown that they have the power to make rules and regulations due to their position of authority. Therefore, they are able to find ways to pass rules like this in order to benefit their sales and prevent from further possible airline competition.
Alexis Nguyen 6th
DeleteSource: http://www.theguardian.com/money/gallery/2016/jan/27/homes-on-islands-in-pictures
ReplyDeleteArticle Title: Homes on islands - in pictures
Date: 1/27/16
Market Structure: Oligopoly
Article Synopsis: This article shows different properties located on various islands that have limited space for people to purchase. Being that these properties are generally unique and don't have much competition, sellers can offer these houses at expensive prices because they know buyers won't have many options to chose from in the first place.
Lameese Taha
6th period
Source: http://www.reuters.com/article/us-usa-defense-rockets-idUSKCN0W3301
ReplyDeleteDate: March 1, 2016
Article Title: U.S. Air Force awards rocket engine development contracts
Market structure: monopoly
Synopsis: The U.S. Air Force awarded contracts for rocket engines and is trying to end reliance on Russian-made engines. One company, ULA, has a monopoly on flying U.S. military missions with its Falcon rockets, but another company, SpaceX, is trying to break the monopoly.
Joyce
6th
Source: http://www.netvibes.com/welkerswikinomics#
ReplyDeleteDate: March 7
Article Title: Economists at global bank body warn of risks from negative interest rates
Market Structure: Oligopoly
Synopsis: Economists at a key central bank are warning people of risks from the negative interest rates in place in Japan. It's stock market and currency have rocked back and forth violently in the weeks since the negative interest rate announcement. The report also concerns people over the fact that the banks are facing difficulties in the strange new monetary landscape.
Aliya
2nd