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Archive for the ‘Economy’ Category

The Energy Crisis

Posted by The Visitor மேல் மே 23, 2008

Recently crude oil prices have been soaring resulting in global inflation. Fossil fuels will be available only for the next few decades, after which we would have to find alternate sources of energy. Researchers are working on alternate sources of energysolar, wind, biomass, nuclear, tidal etc. Here are some related links:

Biomass Gasification
Global demand for petroleum
Global consumption of oil percapita by region

நாலு பேருக்கு நடுவில நாலும் தெரிஞ்சவர்னு காட்டிக்கலாம்லெ! 🙂

Posted in உலகம், பொருளாதாரம், Crisis, Economy, World | குறிச்சொல்லிடப்பட்டது: | 2 Comments »

Bank chief defends role in crisis

Posted by பிரேமலதா மேல் செப்ரெம்பர் 20, 2007

Bank of England governor Mervyn King is defending his handling of the Northern Rock crisis in a crucial appearance in front of a panel of MPs.His job could be on the line, with discussions under way on whether to renew his five-year term in June.

Robert Peston blogs about the Unstable Governor,

If it had done this three weeks ago when banks were clamouring, Northern Rock might never have feared that it was running out of money.

So it would not have had to approach the Bank of England for emergency support.

And there would never have been that infamous run on Northern Rock – the first run on a British bank for 140 years.

[……………] 

So, although the Bank of England has changed course in respect of the way it is prepared to tackle the crisis in the money markets, it is sticking to the position that it has no regrets about the way that it provided its initial support to Northern Rock.

Read related stories in the sidebar for full coverage on the Northern Rock issue.

Posted in Economy, Finance, News, UK | குறிச்சொல்லிடப்பட்டது: , , , , , | Leave a Comment »

Do SAH Moms/Dads need to be paid for their work?

Posted by The Visitor மேல் மே 28, 2007

Thinking Girl, cites a report that if the jobs done by a Stay At Home Mom were to be paid at current rates, then the pay would be USD 138,085 a year.

A recent report estimates stay at home mothers are doing the work of 10 different jobs (housekeeper, cook, day care center teacher, laundry machine operator, van driver, facilities manager, janitor, computer operator, chief executive officer and psychologist), work on average a 92 hour week (that’s 52 hours of overtime), and all this work, if it was paid, would be worth $138,095 USD a year. Women who work outside the home full-time would be paid an extra $85,939 for their domestic labour.

Some comments following the post argue, why such a valuation would be incorrect.

But if you really want to get right into the economics of it, where you have a couple living together and one of those two people stays home, the stay-at-home parent IS paid, in essence, room, board, and 1/2 (or more) of the salary of the working partner. I’ve seen previous economic studies which show that in such situations, often over 50% of the income is spent at the direction or discretion of the stay-at-home parent. So, in essence, they are paid, though it is by the only party who would have a stake/reason to pay them – the other parent of the child.

The discussion in the comments is an exercise in dialectics, pretty lengthy and sometimes one gets weary just reading them till the end. (I still have to complete reading it).

Posted in குடும்பம், பெண்ணியம், பொருளாதாரம், Economy, Family, Feminism | 1 Comment »

World stocks tumble on US fears

Posted by பிரேமலதா மேல் மார்ச் 14, 2007

European stocks have joined a global sell-off, after concerns about the US economy and mortgage industry hurt markets in Asia and dented Wall Street.

Posted in ஆங்கிலம், Economy, News | Leave a Comment »