iPhone 4S sold out in Singapore

Apple released its new phone called iPhone 4S in 22 countries. In Singapore, it's already "unavailable" and there would seem the perfect place for an Apple Store. The former British colony of 5 million people on the tip of the Malay Peninsula is the world's fifth busiest shipping port, the fourth largest financial center, the second biggest casino gambling market and first in the percentage of millionaire households. In addition, it can't get enough of those iPhones. The newest model went on sale, but these were the most quickly sold out in the world. Iphone 4S is released at cheaper price than before even though functions are almost same. Thereby, People would buy more than before from cheaper price (Demand increase).

Are Employers Requiring People to Work Longer Hours?

Working hours of employees are falling down according to some surveys. One of the survey asserted that employees have to work more in order to keep what was produced by the formerly larger work force. The surveys for monthly household do not suggest that such a pattern is widespread, because they measure that average weekly hours worked per employed person have fallen to 37.8 in 2009 from 39.0 in 2007. Another survey also measures hours worked, with a similar result. So it seems that the number of people employed and the hours they work have fallen, creating a huge drop in the economy’s total work hours. However, sometimes working hours can be misleading, because reporters use round number even though actual numbers are not round number.  

In this chart, the blue line is based on the household survey and is an index of the average number of hours worked by adults. We can see that only two percent increase from 2003 to 2006, but suddenly this fall down. The red line is also an index of hours worked per person, but based on the time diary methodology. This actually shows there was a mild recession in 2004, because hours worked per person were lower that year than in the surrounding years. Also unlike the household survey, this suggests that work hours in 2007 were abnormally high by comparison with all previous years. Both of lines confirm that hours worked dropped after 2007 and although a few employers may require their workers to work longer hours, the typical pattern since 2007 is fewer hours per employee, and fewer employees. As this article relates to what I've study until now, I can realize that supply curve will shift to left if employers hire fewer employee and they work fewer hours. 

You are in a company and imagine of these conditions. Recruiting process is fundamentally flawed, operations are a mess, make engineers pretty much do everything which leaves almost no time for coding, don't (care) about charity or helping the needy or community contributions or anything like it,  facilities are dirt-smeared cube farms without a dime spent on decor or common meeting areas, pay and benefits suck, don't have any perks or extras, code base is a disaster, with no engineering standards whatsoever except what individual teams choose to put in place, CEO is an infamous micro-manager and doesn't care, even a tiny bit, about the well-being of the teams, nor about what technologies they use, nor in fact any detail whatsoever about how they go about their business unless they happen to be screwing up. Imagine of these conditions, and you are working in this company. However, now get out of the imagination, and be informed about the information. These descriptions was a letter about the company Amazon. But it is strange that a company with these weird conditions produces a lot of money. And that is the exact point. There are no exact answers for business. There is an answer, which is a fearlessly discovering and acting with  honesty.  Now use this term in economy, In economy we were learning about the supplies and demand in the world. The increase of the price the increase of the demand, and the increase of the price the increase of the supply. This is also used in the Amazon world. However, it is a kind of shifting curve of the demand and supply. If the price of the products increase the supply curve will shift to the right. It is society and how the world money cycles.

Are the rich finding the true meaning of Christmas?

Even the wealthiest Americans plan on putting fewer gifts under the tree this holiday season but it's not because they can't afford it. These people seem to be discovering the true meaning of holidays; the holidays are about family and friends, and less about a pair of new cashmere socks. Many affluent consumers are buying fewer gifts this holiday season, because they realized that they don’t need as much stuff and don’t have to spend money to feel happy. In addition, they said that they are going to buy things that symbol the quality of relationship. 84% of affluent Americans said that they want this to be a great holiday season for their family. Eighty-one percent said that the best part of the holidays is spending time with the people they care about, versus only 15% who said it was giving gifts. Just 3% said the best part of the holiday was receiving gifts. As I read this article, I find great enlightenment that is true meaning of holidays. In retrospect, I think that I also expected to receive gifts in last Christmas. I realize once more that holidays are good chance to be close to our family and that is the purpose of holidays. Also this can relate to the law of demand, because as people don’t want to buy many gifts and just buy fewer, demand would be decreasing.

 

What Would It Take to Save Europe?

The article starts by highlighting how pleased officials in Washington were about the mess in the Euro zone and speculations of how much profit can be made only interest of IMF loan of between 1.5 trillion to 4 trillion Euros. When you consider that Germany GDP is about 2.5 trillion Euros then this is a lot of money. Johnson suggests that a huge package of financial support is not the answer to Europe’s financial woes, especially if you imagine Italy maybe given access to this ‘fund’. Johnson then goes on to explain the 1994-95 Mexican crisis and model of support used there, and highlights the reason this would be ineffective within the euro zone because Portugal, Greece and perhaps Italy, badly need a reduction in their real costs of production. If their currencies were independent, this could be achieved by a depreciation of their market value. But this is not an option within the euro zone, and it is within the zone that they need to become more competitive. The most interesting thing, Johnson suggests that Europe needs a new fiscal governance mechanism. Why would Germany — or anyone else — trust Italy under Silvio Berlusconi with a big loan or unlimited access to credit at the European Central Bank? He summarizes by saying that countries cannot pay their debt should not be part of the euro zone as they are breaking rules and the longer this is allowed to continue the more serious situation becomes. He asks if political leaders believe if the debt burdened countries can be trusted to repay their debt. If the answer is yes, full support as needed — from within the euro zone. If not, then find another way forward, but in decision is not helping. This topic relates facts that we've studied in economy class is the countries demand or supply that can change from national debts.