How do you sell things in a time when the economy is down and people just don’t want to buy? Try the 99 cent approach. Steve Jobs, boss of Apple Computers tried it and probably saved the music industry. He chose a standard price of 99 cents for each song that he wanted to sell on iTunes […]
President Barack Obama has signed a bill which he hopes will get the United States economy moving again. At a ceremony in Denver, Colorado Obama signedthe American Recovery and Reinvestment Act (ARRA). About 787 billion dollars will be pumped into the economy. ARRA is to fight the worst American economicdisaster since the Great Depression. The President said that the new law is not the end of the nation’s economic problems but it is […]
Karl Marx was one of the most important thinkers of the 19th century. As one of thefounders of Communism he predicted that workers world rebel against theowners of factories and take over the economy and the government themselves. In the 1900s Marx’s ideas influenced many Communistgovernments. Karl Marx was born in 1818 in Trier, Germany. He came from a Jewish family but his father converted to Lutheranism before Karl was born. In […]
Each human needs about 20 litres of water a day for the basics – washing, cooking and drinking. But there are many places around the world, where people get five litres of water and less to live on. The situation is worst in Africa, especially some communities of Eastern Africa. Why do some places have so little water and how will the availability of water […]
Older people often talk about how cheap things were when they were young. Abrand new car may have cost only $5,000 compared to $20,000 today, or petrol that cost only a few cents in the 60s costs over a dollar today. Inflation happens when money loses some of its value. We measure the rise of inflation in percent. For example, 2% inflation means […]
One of the biggest problems about buying a car is that you often have to borrow a lot of money so that you can pay for one. In most cases new cars cost tens of thousands of dollars, a price that not everyone can afford. In India car maker Tata Motors have brought out the cheapest car in the world: the Nano, […]
An international survey has found out that women are better at managing moneythan men. They work harder to become financially independent and they are not as likely to get into debt as men. The survey showed that both men and women think the same. Almost 5,000 men and women in 12 countries were asked. Although 40% of women said they used credit cards most of […]
For the first time in history more cars have been sold in China than in the United States. One of the reasons is that the economic crisis has not hit China as badly as the United States. Although sales are also down compared to the figures of last year there are still many customers in Chinese car showrooms. China has a lot to catch up on. Car analysts point out that […]
Nindoma Sherpa started going to school when she was five, but not to learn how to read and write. She lived in a small village in Nepal where everyone was hungry. When the United Nations started a food programme in her village children whoattended could get meals for free. At the beginning she just went there to […]
The banana war is the longest running trade dispute in the world. The conflict centres on bananas that are imported to the European Union. In the 1950s and 60s European colonies in Africa, the Caribbean and the Pacific region (known as ACP countries) became independent. In the 1970s the European Union started to let the Caribbean countries export bananas to European […]