article : http://www.bbc.co.uk/news/business-11913196
summery:
The unemployment rate has been getting higher and higher in the last few months in the United States. Even though they got 39000 new jobs in November the employment rate still isn't going up due to discouraged workers. There are 9.8% amercian's that are unemployed right now, it increased .2% in the last 3 months of December. People in US try to improve on their job marketing hoping that more people would start working again. However this didn't happening, people didnt start looking for jobs. This is due to failure of US job creation to keep up with the growing population. If people stayed unemployed the numbers would go up for unemployment. Also citizens have already been out of work for more than 26 weeks.
connection:
This article is about the hidden unemployed people in the US. This means that people that are unemployed isn't seeking for a new job because they don't think there is a suitable job out there for them. If there were better suitable jobs out there for people than more people would start looking for jobs actively. There's this static survey they have that shows people who have looked for work int he last six months and not just the last four weeks.
reflection:
I think the unemployed rate for US is really high because they don't have a wide range of job selection for people. They should put more variety in their jobs,so people would get to pick what is more suitable for them.Most of the jobs that are out there are part-time jobs. They should more full time jobs than than part time jobs because most people that are unemployed are adult. They probably would like to look for a full time job rather than a part time jobs. US should really make a change in their economic system before even more people become unemployed.
Wednesday, March 2, 2011
CH:4 blog Tax revenue to grow 18.5% to Rs 9.3 lakh cr
article: http://www.business-standard.com/india/news/tax-revenue-to-grow-185-to-rs-93-lakh-cr/127333/on
summary :
This article tells us about how tax revenue in India increased by 18.5% to meet at Rs 9,32,439.88 crore. Finance Minister Pranab Mukherjee stated that he estimated that the direct tax revenue will be at loss of Rs 11,500 crore for the year. In return, proposals for indirect taxes are estimated to result in a revenue gain of Rs 11,300 crore. This is because the increase in income tax slabs will reduce revenue. But the expansion of the service tax will have the opposite effect in indirect tax.
connection:
The revenue in India increased by 18.5% which indicates that the people in the country have been spending a lot of money. This indicates that the direct tax is increased which causes us to reflect on how the Indians are living through this high tax rate. The government is increasing tax to help their funding on things such as cancer research, school fees and many more. This reflects back onto the citizens of India and makes us wonder if this really helps the people in a good way.
reflections:
This surprises me because i expected that tax revenue would increase but I never imagined that it will increase by 18.5%. This number is an accountable number considering that it is a huge amount of revenue increase since last year. This makes me wonder how the people in the country live through this high tax rate. I don't think India should increase the tax because it only makes it harder for the peo.ple in India to support their family
summary :
This article tells us about how tax revenue in India increased by 18.5% to meet at Rs 9,32,439.88 crore. Finance Minister Pranab Mukherjee stated that he estimated that the direct tax revenue will be at loss of Rs 11,500 crore for the year. In return, proposals for indirect taxes are estimated to result in a revenue gain of Rs 11,300 crore. This is because the increase in income tax slabs will reduce revenue. But the expansion of the service tax will have the opposite effect in indirect tax.
connection:
The revenue in India increased by 18.5% which indicates that the people in the country have been spending a lot of money. This indicates that the direct tax is increased which causes us to reflect on how the Indians are living through this high tax rate. The government is increasing tax to help their funding on things such as cancer research, school fees and many more. This reflects back onto the citizens of India and makes us wonder if this really helps the people in a good way.
reflections:
This surprises me because i expected that tax revenue would increase but I never imagined that it will increase by 18.5%. This number is an accountable number considering that it is a huge amount of revenue increase since last year. This makes me wonder how the people in the country live through this high tax rate. I don't think India should increase the tax because it only makes it harder for the peo.ple in India to support their family
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