Posts Tagged ‘David Ricardo’

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    When is 60 a Good Grade?

    Feb 2, 11 • 272 Views • 1 Comment

    At 60.8 percent, the Institute for Supply Management’s (ISM) measure of manufacturing activity was way up, far more than anyone expected. Reflecting expansion, any number above 50 is good. So robust a number takes us to a question. If production is...  [read more]

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    Supership Problems

    Dec 14, 10 • 390 Views • No Comments

    When is a supership a problem? When the water is not deep enough or the Bayonne Bridge is not high enough. To understand the Bayonne Bridge problem (and care about the answer), we have to look back to August 1914 and then ahead to August 2014. The Panama...  [read more]

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    Trash and Trade

    Nov 5, 10 • 344 Views • No Comments

    A WSJ article tells us “Memo to All Staff: Dump Your Trash.” But should they?According to the article, Texas state workers, Phoenix city workers, and Dartmouth college professors have all been told to take out the trash. Texas, as a result, is...  [read more]

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    Common Markets

    Jul 1, 10 • 377 Views • No Comments

    Kenyan coffee exporters have a problem at the Tanzanian border. “On the Kenyan side they operate 24 hours a day, but on the Tanzanian side it’s 12 …We have had drivers standing at the border for 4 days. These things make the final price of...  [read more]

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    Threatening the Life of a T-Shirt

    May 31, 10 • 313 Views • No Comments

    A typical t-shirt starts as cotton in Texas. Traveling by truck or train to California, it continues moving westward until it reaches China. In China, the cotton becomes yarn which is made into cloth which is made into  a t-shirt. With a “made in...  [read more]