MPC - Monetary Policy Committee
www.dictionary.reference.com
unanimous - of one mind; in complete agreement; agreed
www.dictionary.reference.com
CPI - consumer price index
www.ditionary.reference.com
This article talks about the Bank of England's Monetary Policy Committee and how they agreed to keep interest rates at 0.5% this month. All nine MPC members decided to vote for no changes. Some MPC members noticed that this could lead to infation risks. The voting was unanimous so the 200bn (QE) programme stayed the same. By buying assets such as government bonds the QE pumped new monoey into the economy trying to boost the lending in commercial banks. Inflation was to remain above the set mak at 2% because the value of the frank has gone down 25% which were written in notes from the meeting. the expected outcome was a 9-0 vote and thats what the result turned out to be.
* I think this was a good decision given the economic struggles we are having. They are finding ways to put more money into the bank.
http://news.bbc.co.uk/2/hi/business/8571925.stm
Sunday, March 21, 2010
Friday, March 12, 2010
Blog 7 (U.S. Retail Sales Rose in February)
robust - strond and healthy; hardy; vigorous
http://www.dictionary.reference.com/
volatile - tending to fluctuate sharply andn regularly
http://www.dictionary.reference.com/
timidity - lacking in self-assurance, courage, or bravery; easily alarmed; timorous; shy
http://www.dictionary.reference.com/
This article talks about how sales have gone up in February because of robust spending of consumers. According to the Commerce Department retails sales increased by 0.3 percent from January. Also, when gas and car prices were not fluctuating and the sales were excluded the increase was stronger by 0.9 percent. An economist by the name of Alan Levenson from T. Rowe Price said, "Employment is falling more slowly, wages are growing modestly and hours worked are expanding, giving a lift to incomes." Economist expect the spending of consumers to gradually rise, even though they know it won't be close to even getting the economy out of the major down turn. Economists have nocticed that retail sales have gone up across the board in things such as electronics, clothes, buliding materials, and restuarant and bars. Another interesting thing is that the amount of money that Americans kept in their savings accounts fell in January and consumer borrowing increased for the first time in a whole year!
* I think retail sales will increase and stay steady slow, but surely. If spending remains robust and consumers keep spending then the economy may get out of its down turn in a little more than a couple of years. Also, if consumer borrowing keeps increasing then everything will keep circulating and we will be all good.
http://www.nytimes.com/2010/03/13/business/economy/13econ.html?ref=economy
http://www.dictionary.reference.com/
volatile - tending to fluctuate sharply andn regularly
http://www.dictionary.reference.com/
timidity - lacking in self-assurance, courage, or bravery; easily alarmed; timorous; shy
http://www.dictionary.reference.com/
This article talks about how sales have gone up in February because of robust spending of consumers. According to the Commerce Department retails sales increased by 0.3 percent from January. Also, when gas and car prices were not fluctuating and the sales were excluded the increase was stronger by 0.9 percent. An economist by the name of Alan Levenson from T. Rowe Price said, "Employment is falling more slowly, wages are growing modestly and hours worked are expanding, giving a lift to incomes." Economist expect the spending of consumers to gradually rise, even though they know it won't be close to even getting the economy out of the major down turn. Economists have nocticed that retail sales have gone up across the board in things such as electronics, clothes, buliding materials, and restuarant and bars. Another interesting thing is that the amount of money that Americans kept in their savings accounts fell in January and consumer borrowing increased for the first time in a whole year!
* I think retail sales will increase and stay steady slow, but surely. If spending remains robust and consumers keep spending then the economy may get out of its down turn in a little more than a couple of years. Also, if consumer borrowing keeps increasing then everything will keep circulating and we will be all good.
http://www.nytimes.com/2010/03/13/business/economy/13econ.html?ref=economy
Sunday, March 7, 2010
Blog 6 (Miami Board Looks to Close Two Hospitals)
budget - an estimate, oftem itemsized, of expected income and expense for a given period in
the future http://www.dictionary.reference.com/
uninsured - the person, group, or organization, whose life or property is not covered by an insurance policy http://www.dictionary.reference.com/
attrition - a reduction or decrease in numbers, size, or strength
In Miami, Florida the public health care system is contemplating on whether or not to close 2 hospitals down. If they close them down thousands would lose their job such as 4, 487 workers. The name of the hospital is Jackson Health and it includes a Jackson North and South. "Jackson is the largest public health care provider in the region , with more than 2,200 beds and 12,000 employees. It is projecting a budget shortfall of $229 million this year." Mr. Keeley believes that part of why Jackson is being considered to shut down is from all the uninsured. With all the uninsured people the hospital makes no money.
* I think this is a horrible situation because thousands of workers will go unemployed. I also think that the governing board of the system should have thought of other solutions such as shutting down one part of the hospital and not both.
http://www.nytimes.com/2010/03/06/us/06miami.html?ref=economy
the future http://www.dictionary.reference.com/
uninsured - the person, group, or organization, whose life or property is not covered by an insurance policy http://www.dictionary.reference.com/
attrition - a reduction or decrease in numbers, size, or strength
In Miami, Florida the public health care system is contemplating on whether or not to close 2 hospitals down. If they close them down thousands would lose their job such as 4, 487 workers. The name of the hospital is Jackson Health and it includes a Jackson North and South. "Jackson is the largest public health care provider in the region , with more than 2,200 beds and 12,000 employees. It is projecting a budget shortfall of $229 million this year." Mr. Keeley believes that part of why Jackson is being considered to shut down is from all the uninsured. With all the uninsured people the hospital makes no money.
* I think this is a horrible situation because thousands of workers will go unemployed. I also think that the governing board of the system should have thought of other solutions such as shutting down one part of the hospital and not both.
http://www.nytimes.com/2010/03/06/us/06miami.html?ref=economy
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