Archive for the Business News Category
Unemployment Make 3 Economists Win Nobel
The high level of unemployment and focus research on labor problems in a number of countries to deliver three economists won the Nobel Economic Affairs 2010. The award was given to three economists, two citizens of the United States (U.S.) and an economist, the citizen of England-Ciprus. That award announced the Royal Swedish Academy of Sciences (RSAS) in Stockholm, Sweden, yesterday. The three characters that are considered instrumental in the economic field, each Peter Diamond of the Massachusetts Institute of Technology in Cambridge, Massachusetts; Dale Mortensen of Northwestern University in Evanston, Illinois, and Christopher Pissarides of the London School of Economics and Political Sciences. All three received the Nobel prize for research that is called “search frictions” which focused attention on economic policies that affect the level of unemployment.
Top economist third achievement was entitled to a prize money worth 10 million Swedish crowns ($ 1, 5 million). “Their theory helps us understand the ways in which unemployment, job vacancies, and wages are influenced by regulatory and economic policy,” RSAS said in a statement quoted by CNNkemarin. According to economists RSAS third job includes analyzing the buying and selling process and how it affects jobs and wages on economic policy. RSAS Committee who considered the study said, what do three economists that enhance understanding of the “search” market-related friction that had existed.
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China Car Sales Could Reach 17 Million Units
China’s car manufacturers association estimates, total auto sales in the City of Panda that this year could reach number 17 million units, up 25% from last year’s sales achievement of 13.6 million units. Sales of that will strengthen China as the world’s largest automotive market, overtaking the United States (U.S.). Chinese car sales growth in recent years continued to show an increasing trend. When this year’s predicted growth reached 25%, then from 2008 to 2009 China’s even posted a growth of 46%. Xinhua news agency noted, despite the decreased level of sales this year are still high. However, high levels of growth in car sales has also sparked fears that some parties, primarily related to increasing air pollution and urbanization.
“Growth in the automotive sector should be set only one half times the growth in gross domestic product (GDP),” said the official in charge of resource development at the State Information Centre, Xu Changming. According to Xinhua, China’s auto production even if the future does not rise more than 10% per year, total sales continue to surpass 40 million units per year before 2020, and even the fantastic figure could reach 75 million units in 2030. The signs in that direction had already started to appear. In Beijing, the number of cars registered in the city have increased to 1900 units per day.
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Trade between Indonesia and Malaysia
The value of trade between Malaysia and Indonesia tend to increase every year. Balance of trade in both countries rose from 14.4 billion ringgit (U.S. $ 4.09 billion) in January-May period last year to 19.78 billion ringgit (U.S. $ 6.08 billion) in the same period this year, up 37, 4 percent (in U.S. $ increased by 48.7 percent). It was delivered and stated by Indonesian Ambassador to Malaysia, Da’i Bachtiar, Department of Statistics in Malaysia, citing the same data when inaugurated the exhibition of Indonesian food and handicraft products in the shopping center Jusco, Wangsa Maju, Kuala Lumpur, on Tuesday (20/07). According to Da’i, the value of Malaysia’s imports from Indonesia during the period amounted to 11.72 billion ringgit (U.S. $ 3.60 billion). The value of Malaysian exports to Indonesia amounted to 8.07 billion ringgit (U.S. $ 2.48 billion).
The Acquisition Of Palm
The acquisition of Palm, which opened early this year, has attracted several leading technology companies. Not many people know that if Apple and Google also briefly glanced at it. However, as is known, Hewlett-Packard (HP) eventually won the bidding on the Palm worth U.S. $ 1.2 billions. Earlier, HTC and Lenovo becomes the bustling company cited the company will purchase the smart phone. In fact, apart from that there are also Apple, Google and BlackBerry, Research in Motion (RIM) that interested in Palm. Apple and Google seem to look at Palm as a repository of intellectual property and patents of potential growth for their companies. Reportedly, as quoted from Cnet, on Friday (07/16/2010), Apple could offer Palm’s patent portfolio. Although for that, Apple should support two different platforms of competing applications. But that cannot attract palm. Google also had intended to acquire Palm, but then failed to make an offer.
Cell Phone Today
Almost everyone have a cell phone nowadays. In Jakarta, Indonesia, although it still battered by the presence of a variety of QWERTY phones and candy bar, but demand for touch screen mobile phone is increasing. This is the prediction that disclosed by Djatmiko Wardoyo, as the President Director of Global Teleshop. “The market in Indonesia was still QWERTY minded, but later the touch screen phone has been getting preferred “said Djatmiko at JCC, on Wednesday. QWERTY phones are being the most wanted phones in the Indonesia’s market today. Based on sales data in the Global Teleshop gather, until June 2010, around 35% of mobile phone users often look for QWERTY. It is estimated that by the end of the year QWERTY phone enthusiasts will grow up to 50%.