Example of an israel a shows clearly socialist Central Planning an expropriation very often creates short for supplies Energy Commodities that never enough it seems Market Forces are clearly stronger but that does by no means mean that in free market economy supplies always plentiful complicated mechanisms are at work here as our next report explains. What is a shortage economy. Imagine you go to the supermarket but the shelves are empty. And you go to a car dealership but you only get a car in 10 years you live in a shortage economy. Gary an economist janish korn i coined this term in 1980 in a critique of planned economies in communist countries. His thesis was that shortages in countries like cuba north korea or then east germany were intrinsic to the economic system. In these economies demands didnt determine which goods were offered at which price instead those decisions were made by the governments 5 year plan. And such plans often failed to anticipate demand or are simply unable
But also work as scarcity has many faces our topic today the ingredients to keep an economy running and what to do when supply is drying up economics of scarcity and we start with shortages of stuff what can you do if you cant find enough people to work for you these days even god is looking for stuff while at least the organizations doing gods business down here on earth the Catholic Church is having problems filling the ranks of the nuns we went to a convent and western germany that is struggling to stay afloat. This isnt just a place for christian reflection and prayer its also a business. The team is made up entirely of women. That benedictine nuns and they run. It receives no funding from the Catholic Charities it has to pay its own way and bear all the risks. Right now its main problem is a staff shortage. Why does it help to you know we dont have as many young sisters as we would like. 10 of the 27 nuns here a movement 80 years old and theres only one novice in training nonce do
Economy running and what to do when supply is drying up the economics of stassi and we start with shortages of stuff what can you do if you cant find enough people to work for you these days even god is looking for stuff well at least the organizations doing gods business down here on earth the Catholic Church is having problems filling the ranks of the nuns we went to a convent and western germany that is struggling to stay afloat. This isnt just a place for christian reflection and prayer its also a business. The team is made up entirely of women. That benedictine nuns and they run the abbey. It receives no funding from the catholic. It has to pay its own way and there are all the risks. Right now its main problem is a staff shortage. Does help we dont have as many young sisters as we would like. 10 of the 27 nuns here 80 years old and theres only one novice in training nance dont pay into the state pension fund so they dont qualify for an old age pension. The idea has always been th
Investors and say it is a lowquality success. Talking trade again. To u. S. Team may have beijing for new facetoface negotiations if talks go well this week. Shery lets get you started with a quick check up on how markets closed on mondays session in the u. S. Ending slightly higher at record highs. We had a tech rally in the nasdaq gained. 2 . Energy sector and Financial Sector weighing on the s p 500, but aboved unchanged the 3000 level. We had citigroup of course reporting earnings. Theyre treating revenue their trading revenue missing estimates. Every member was under pressure in the session. Japan returning from a long weekend. What is the setup . Sophie nikkei futures in whileo trading flat contracts are falling in sydney and seoul. Gains, withresuming the nzx 50 attempting to breach the level again. The kiwi dollar is holding steady, holding onto the overnight gain as the Inflation Report reinforces the case for the rbnz to cut rates. On the central bank front, the rba polished
Necessary to make these projects happen. Haslinda striking a balance and on infrastructure is one of the great challenges confronting asean the next generation. Haslinda hello, im haslinda on in singapore, a country just under 6 Million People accounting for less than 1 of aseans population, but about 12 of its combined gdp. Singapore is a financial and infrastructure hub of Southeast Asia. Nowhere else in the region is there anything quite like singapore. A small island connected to the world by the regions biggest airport and global trade by the worlds second business as biggest container port, with highly advanced financial market, education, and expertise. Who are small. Relatively less developed. On the other end of the the spectrum, we have countries like singapore, who are first world countries. 2 completely different parts of the spectrum. To say it is one market, one third of behavior, or opportunity, is not obvious. We spoke to investors around the world. Their responses, dec