GDP Changes and Figures

Found this great link which clearly shows GDP for each quarter from the 1940s right up until the most current quarter.  Check it out:

http://www.guardian.co.uk/news/datablog/2009/nov/25/gdp-uk-1948-growth-economy

Plus here's a nice little graph which plots GDP growth for each quarter:

http://www.guardian.co.uk/business/interactive/2008/oct/22/creditcrunch-recession

The last Kodak moment

In class this week we discussed the news that Kodak has just declared bankruptcy and the possible reasons why.  This is a great, detailed article from The Economist which seeks to explain why Kodak has failed to adapt and why one of its major competitors, Fujifilm, has thrived.

http://www.economist.com/node/21542796

Review of the Year in Economics

This is a great five-minute video reviewing 2011 in economic terms.  It uses a lot of the terms we have looked at in class recently:

http://www.guardian.co.uk/business/video/2011/dec/23/review-of-the-year-economics-video

Petrol vs. Hybrid Cars

Here is an interesting article on why hybrid cars are likely to remain behind petrol cars for some time to come:

http://www.economist.com/node/21541443

Two points come to mind:

1) Technology is an influence here; better automotive technology is changing the car industry by making cars more fuel efficient.

2) Government regulation on emissions is what, in some ways, has driven this technology to be developed.