Economics News Investigations

Nic Mayhew

Spending on the rise for U.S. Healthcare

This article tells about how and why spending will increase over the next decade. It says that the growth rates aren't as high as what the country saw two decades before the great recession. Health spending increased by a few percent in 2013. In 2013, the health care share of GDP was 17 percent, and is expected to rise to 19 percent in 2023.This article is relevant to our class because we talked about spending.


Link: http://money.cnn.com/2014/09/04/news/economy/health-spending-rising/index.html?iid=SF_E_River

Inequality

The article talks about how inequality is growing which is causing problems for people. Things like poverty, violence, conflict, and more. The article says these problems are caused by inequality. The US is the seventh most unequal by wealth in the world. This article is relevant to out class because we talked some about inequality.


Link: http://www.cnbc.com/id/102163769

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Obamacare enrollment will not make 2015 goal

In this article it talks about how Obamacare failed at making their goal for 2015. Only fewer than 10 million people are expected to enroll for "Obamacare 2.0 2015", which is a lot less than what they expected. The CBO predicted 25 million enrollments by 2017, but now they think it will take longer than that to reach that amount of enrollments. People who thought about signing up this year didn't either because of the cost or found the process too complex. Administrating officials are promising that people will have a much easier time signing up, as the application process is reduced from 76 to 16 screenings. Also people re-enrolling will have there information automatically entered. The article relates because we went over healthcare and talked a little about Obama care.


Link: http://money.cnn.com/2014/11/10/news/economy/obamacare-enrollment-2015/index.html?iid=SF_E_River

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Unemployment dropping

US has added 2.3 million more jobs this year. In september, the unemployment rate dropped from 6% for the first time in six years. The unemployment rate is now 5.8%. In october, a gain of 233,000 jobs were added. Rich Thomson says anytime it's above 200,000, that means its good. The article talks about a problem for the economy are workers that haven't been able to find a stable job for months, if not years. Another problem is people who are working part time but need a full time job, and aren't making enough money. Even though the job rates are positive, employment and earnings need to pick up. Below is a graph of the number of jobs per month of this year. The article relates a lot to what we have been talking about in class because we talked a lot about unemployment.


Link: http://money.cnn.com/2014/11/07/news/economy/october-jobs-report-unemployment-fall/index.html?iid=SF_E_River

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Russia's currency keeps falling

The ruble has fallen 30% this year to a record low. In just a week it had fallen 10%. The central bank said that this rapid downfall in could be bad for Russia's financial stability. Inflation in the country is above 8%. It says the inflation has been jacking up prices all year. This article relates to our class because we talked about currency.


Link: http://money.cnn.com/2014/11/07/investing/russia-currency-ruble-putin/index.html?iid=SF_E_River

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