China Defends Currency Policy

China has launched a public defense of its currency policy, speaking clearly about why they feel the RMB should remain close to the current value. Some argue that the RMB is kept artificially low to increase Chinese exports.

Article:

http://www.nytimes.com/2010/03/15/world/asia/15china.html

Danny

Google vs. Apple

Apple and Google are going to war in the mobile phone market. Google's Android operating system competes directly with the iPhone, and Apple feels that they have infringed on their trademarks. These two companies have gone from allies to enemies in a very short time.

Here's the full article:

http://www.nytimes.com/2010/03/14/technology/14brawl.html?pagewanted=1

Danny

Economcis of Happiness

In Macroeconomics we spent a little time talking about alternative measures of economic and social welfare. Included in this discussion we looked at the concept of Gross Domestic Happiness.
Here are a couple recent article discussing the concept:


http://www.cbc.ca/money/story/2009/09/18/f-don-pittis-gdp.html


http://krusekronicle.typepad.com/kruse_kronicle/2010/01/the-economics-of-happiness.html


Danny

China's Exports Keep Growing

China's exports keep growing. They are now the world's leading exporter. Even during the world wide economic slowdown China's exports grew. How long will this last?

Here's a great article discussing that:

http://www.economist.com/businessfinance/displaystory.cfm?story_id=15213305&fsrc=rss

Danny