Bennett Presents His ‘Economics 101′ Lesson ( Admin posted on February 26th, 2015 )

In a new video, Economics Minister Naftali Bennett deflects the criticism of Zionist Campsupporters fora deal he made last year to persuade Intel to upgrade its facility in southern Israel.

The critics, said Bennett, accused him of giving away too much by giving Intel tax and grant concessions of up to $6 billion, to convince the company to upgrade its plant in Kiryat Gat.

That action, said Bennett in the video, marked a fundamental difference in approach between his philosophy of economic growth, and the philosophy of the semi-socialist Labor party.

Labor believes that you need high taxes on big businesses, and to take money to give to the poor, Bennett said...

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Stadium economics: How building a venue in Inglewood makes financial sense ( Admin posted on February 26th, 2015 )

Its not every day that a real estate developer considers walking away from $400 million in tax money.

But for St. Louis Rams owner Stan Kroenke, it just might make sense.

Moving his team to his 80,000-seat stadium in Inglewood will boost the Rams profits and greatly increase the value of the franchise, sports economists say. And there is even more money to be made in the massive real estate development around it.

All that helps explain how Kroenke might profit from building the most expensive stadium ever in the US — with no public money.

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Lira Concerns Leave Little Room For More Turkey Rate Cuts: Capital Economics ( Admin posted on February 26th, 2015 )

By Teresa Rivas

The central bank of Turkey (CBRT) today cut its overnight lending rate by 50 basis points from 11.25% to 10.75%, while also lowering the one-week repo rate by 25 basis points, from 7.75% to 7.50%, citing lower inflation.

Capital Economics’ Neil Shearing writes that while some expected a smaller cut to the overnight lending rate, in general the CBRT’s assertion that inflation pressures are easing aren’t the real reason for the moves–instead they were due to government pressure to loosen economic policy. And that situation is unlikely to change ahead of elections in June.

That said, even with pressure form the government, Shearing writes...

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Fast Company profiles American Giant, tough economics of making clothes in … ( Admin posted on February 26th, 2015 )

The gradual overseas migration of American manufacturing work and the thousands of jobs it once supported has been well documented over recent years. But just how hard is it to make goods in the United States?

Pretty tough, according to a Fast Company profilethat takes an in-depth look at clothing brand American Giants mission to keep its entire manufacturing process — from textile sourcing to assembly — in the United States.

Founded by a tech entrepreneur and a former Apple product designer, the report says American Giant has managed to move most of its production process to the Carolinas, which means its $89 hoodie costs about $7 more to make than in Asia.

The...

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Economics professor celebrates 50 years at Lehigh ( Admin posted on February 26th, 2015 )

Professor Richard Aronsons sits leisurely at a table toward the back end of his office. He is facing a student who is writing on a chalkboard, his hands casually resting on the armrests of his small, blue chair.

In the Martindale Center for the Study of Private Enterprise — a quiet and professional section hidden within the third floor of Rauch Business Center — information about Aronson’s 50th anniversary at Lehigh is neatly presented across a glass top near the front desk, showcasing items that reflect the appreciation and admiration the university has for him.

After all, Aronson’s line of work that has led up to his retirement at the end of this year...

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River town economics program Thursday ( Admin posted on February 25th, 2015 )

Thursday will be an action-packed day for business leaders, merchants and Keokuk Rotary Club members as Main Street Keokuk Inc. focuses on the economics of a river community.

MSKI will host Jim Thompson, business development specialist with Main Street Iowa, for a day of learning about Keokuk’s current position in the marketplace while taking a glimpse at what experts are predicting for the future.

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Capital Economics: No Relief in Site for Nigeria’s Currency ( Admin posted on February 25th, 2015 )

By Johanna Bennett

Don’t expect Nigeria’s currency to pull out of its free fall any time soon, according to Capital Economics.

Sure, there was a brief rally earlier this month thanks to a rise in oil prices. But to put it simply, Nigeria, Africa’s biggest oil producer, remains a mess. And African economist, John Ashbourne sees the naira continuing to weaken leading up to the March 28 presidential elections, which were postponed from earlier this month amid security concerns.

The election delay was announced early this month when Nigeria’s military said its campaign against Boko Haram, the Islamist group it has been battling for nearly six years, couldn’t...

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50 million U.S. consumers now have free access to one of their credit scores ( Admin posted on February 25th, 2015 )

Credit scores and credit reports have been somewhat of a mystery to the public for decades, but now US consumers are gaining unprecedented access to them.

The new transparency is undoubtedly positive, but a critical question remains: Will it help consumers, or just confuse them?

The Consumer Financial Protection Bureau announced Thursday that some 50 million US consumers now have free access to one of their credit scores mostly through their credit card issuers. This has increased the level of consumer awareness around the credit system, but it also creates another need: Consumers need context in order to make sense of the scores.

To see how well consumers understand...

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Women in Tech: Brian Kraznich’s Plan Is Good Economics ( Admin posted on February 25th, 2015 )

High-profile promotions like those of Marissa Mayer to CEO at Yahoo, and Sheryl Sandberg to COO at Facebook, suggest that a critical mass of women have found a place in the computer technology industry. In fact, women remain significantly underrepresented in the high-skill jobs in Americas computer technology sector. At least one important player thinks its time for a change, and more importantly, is putting money and company policy behind the effort.

A study conducted by the American Institute for Economic Research in 2014 found that only 25 percent of skilled workers in the computer technology workforce were female. Subsequent reports by technology companies have confirmed the AIER...

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Water Economics and Policy Professor Named 2015 AAEA Fellow ( Admin posted on February 25th, 2015 )

RIVERSIDE, Calif. – Ariel Dinar, professor of environmental economics and policy at the University of California, Riverside School of Public Policy, has been named a 2015 Fellow of the Agricultural and Applied Economics Association (AAEA), the organization’s most prestigious honor.

Founded in 1910 as the American Farm Management Association, the AAEA is a professional organization of scholars and policy-makers who use economic tools to address agricultural, developmental, environmental, food and consumer, natural resource, regional, rural, and related economics and business issues. Members work for academic institutions, government agencies, nongovernmental agencies, think...

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