Scarcity

Despite a growing interest in the Muslim faith, many mosques across the central European country of Bulgaria remain closed during the holy fasting month of Ramadan over the lack of imams to lead the worshippers. “Two major factors are leading to this problem,” Mustafa Haci, Bulgaria’s Grand Mufti, told IslamOnline.net. “The first goes back a long time [...]

One of the many problems associated with hurricanes is the aftermath. This time we were very lucky in that there was little or no damage locally. But, there are other issues to deal with right now. One of those is batteries. Any size, shape or brand is just about gone. I needed D size batteries for my battery operated fans. No luck in finding any. None. Bottled water? Good luck with

It must be Alwyn Cosgrove day because I noticed Bec: A Fresh Start has posted from his blog today too! I just had to share this with everyone as soon as I read it. This one really hit home for me because it's a philosophy that I try to live by. ******************************************************************** Abundance vs Scarcity Remember that money is social debt. The size of your bank

Jeff Rubin has made some attention-grabbing predictions of late, including one that oil prices will reach $225 a barrel within four years and another that interest rates soon will head upward in Canada. Rubin doesn't have a lot of company on both calls. But the chief economist and strategist at CIBC World Markets defended his views yesterday at a lunch with clients in Montreal. Inflation is o

So today I drove all the way over the Golden Gate bridge to get gas at the supposedly “cheap” gas station and paid $4.02/gallon. And that’s a good deal - closer to my house, gas costs about $0.20/gallon more. So...

Readers Question: hi If a country face food scarcity what solution should the economist render thanks. In this post we looked at the reasons behind the food crisis currently affecting the world These are some possible solutions to a shortage of food, with a look at there relative merits. 1. Food Aid. If a country is facing a food shortage, the obvious solution is to seek food aid from

We are moving next week and I have spent the last week trying to prepare. I’ve made a lot of progress, but if you were to look around my house; you’d never know I had even started. I am not sure when I accumulated all the treasures I have and not sure what to do [...]

“The way to love anything is to realize it might be lost.” - G. K. Chesterton The rule behind scarcity is technique used in many different areas, it states that opportunities seem more vulnerable to us when their availability is limited.Have you ever asked yourself why they keep using the: “This is a once in a [...]

The Age of Scarcity?Rising populations. Skyrocketing commodity prices. Strains on natural resources. Is this our Malthusian moment? Link - Sun, 06 Apr 2008 21:01:00 GMT - Feed (2 subs) Sent using SendMeRss.com. Visit here to unsubscribe from "2-business" via X2 in Google. Recommended Feeds/Actions Subscribe MSNBC.com: NFL

A few weeks ago when I was ready to leave home for Cibubur on a Saturday morning, all of sudden I felt very cold and my body started to shiver. I got high fever. I already knew since the night before that I was contracted with flu and a bad cough, but I didn't know it was that bad. It took three... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Earlier this week, the Regional Greenhouse Gas Initiative (RGGI), a cap-and-trade scheme covering power plants in ten north-eastern US States, announced that it will hold its first auction on the 10th of September. Environmental Capital reported an estimate from ICF that a reasonable price per ton in the RGGI would be US$2.32. Earlier today, the first [...]

By retrofitting CNCs to three manual Hardinge lathes, Mansfield Screw Machine Products Co. (Lexington, Ohio) increased the throughput on these machines by about 15 percent. That's the estimate of shop floor supervisor Keith Reed, who performed the retrofits, and now writes the machines' NC programs. But improving performance was not the main reason for the retrofits; the machines were always produ

By retrofitting CNCs to three manual Hardinge lathes, Mansfield Screw Machine Products Co. (Lexington, Ohio) increased the throughput on these machines by about 15 percent. That's the estimate of shop floor supervisor Keith Reed, who performed the retrofits, and now writes the machines' NC programs. But improving performance was not the main reason for the retrofits; the machines were always produ

In the brief history of film, advances in technology have from time to time challenged and changed industry models. These advances have wrought their most significant changes on independent sectors of the movie business. In the glory days of the studio system, a parallel or serious rival to that system coming from the independent industry would be unthinkable; the cost and challenge of production and post-production was prohibitive, difficulties of promotion insurmountable. The Internet and many new digital distribution technologies are now starting to remove barriers for the makers and distributors of independent films.The development of the 16mm camera and advances in sound technology made it possible, though still difficult, for individuals or small groups of filmmakers to make manifest their vision something rarely possible in the days of the Edison monopoly on technology, or the prohibitive cost of 35mm cameras and professional lighting setups. The challenges of film making were s

DM: I'd like to talk with you about "scarcity" and "catastrophe". On the talk shows there is even discussion of an impending collapse of society due to dwindling oil supply. The concepts of scarcity and collapse are hardly new, and obviously the invasion of Iraq brought the issue of oil into sharp focus. Can we start with the sacred cow of scarcity?IB: Sure. With respect to oil, we should begin with the observation that the general problem for the petro-barons has always been glut, or to put it another way, how to keep oil scarce. They've done a pretty good job, although all monopolies have to be measured against De Beers, who have the corner on diamonds. They are the world's masters at constructing scarcity, in this case, of crystalline carbon, which is actually rather common in the earth's crust. So one thing to make clear is that the invasion and occupation of Iraq is not about absolute scarcity. For sure, the history of oil is complex, and the fluctuations in the supply of oil

http://www.20ltd.comOnline retailer 20ltd sells no more than 20 items at a time, each of which are highly exclusive and only available in small numbers. Goods currently on offer range from GBP 2,900 white buffalo horn sunglasses (edition of 10), to a GBP 9,000 hammock covered in cashmere and black fox fur (thankfully for black foxes, only 5 of those were made). All items are exclusive to 20ltd, and not sold anywhere else. As soon as a product is sold out, it's replaced by a new object of desire.The British retailer is backed by private investment, and will operate solely online. Calling itself an "etailer of authentic, ingenious, beautiful and unexpected things," 20ltd hopes to reach a global audience, including rapidly growing luxury markets like Russia, China and the Middle East. The website is currently available in English, Italian, Russian, Chinese and Japanese.The underlying trend and opportunities for other entrepreneurs? As regular luxury goods become available to ever more co

Despite Nigeria is a member of the Organization of the Petroleum Exporting Countries (OPEC), her citizens still suffers in order to get fuel for their daily use. OPEC is an international organization made up of Algeria, Angola, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates, and Venezuela. This trend started a long time ago and the ugly incident raised its head in December 2006 when most of the Nigerians are gearing up for the Christmas, Sallah and New Year holidays.   Can the President Olusegun Obasanjo and Dr. Edmund Maduabebe Daukoru, Minister of State for Petroleum Resources tell us what is happening to our oil? Coming through the roads now is like a journey of no return; you have to pay through your nose before getting to your destination. I am angry on the Nigeria's current situation because it seems not all the sectors are working. NEPA or PHCH cannot give me 2 hours stable power supply, my representatives in the natio