Park dismisses plan to raise taxes

Allisa Hwang Eun Sol
2.28.2013

http://koreajoongangdaily.joinsmsn.com/news/article/article.aspx?aid=2967820&cloc=joongangdaily|home|top

published Feb 28, 2013

by Ser Myo-ja 

Korea JoongAng Daily

Its little title is "Delayed restructuring makes national security aide miss secretariat meeting". Ms. Park elected as new president last year, and she had inaugural ceremony on last Monday. She had her first meeting with senior secretaries yesterday, and its key words were price stabilization, and not increasing tax. She and her party thinks it is the most important to make people comfortable, so she choose two things that are the most important to make people stable and comfortable. She decided not to increase tax immediately, and she said she will stabilize prize first. 

I choose this article, because it shows how government interferes with economy. I think it is government's one of the limited roles to collect proper amount of tax, and to control price for their citizens. I think she made good decision to not increase tax, and stabilize price. This is her first year as a president, and she is the first women president in Korea, so i hope she would do well.  

Hewlett-Packard sees sales fall 6%

Allisa Hwang Eun Sol

2.22.2013

http://www.bbc.co.uk/news/business-21542485

published 21 Feburary 2013

by GMT

BBC news

Hewleet-Packard, HP, has seen a 6% drop in first quarter sales. Chief executive Meg Whitman said she will increase HP again, but she doesn't know how long will it take. However, Dell, the rival company, drop in revenue 11%, and fall 31% in quarterly profit. Both companies HP and Dell are having struggle to increase profits. To get over, HP made a plan to fire 27,000 people by the end of 2014. Ms. Whitman said "While there's still a lot of work to do to generate the kind of growth we want to see, our turnaround is starting to gain traction as a result of the actions we took in 2012 to lay the foundation for HP's future" 

I chose this article, because I thought this is one example of microeconomics. HP made choice to cut 27,000 jobs, and i think it would be a hard choice. I thought about its benefits and opportunity costs to cut 27,000 people. I think its benefit is that HP will not have to give salary for those 27,000 people. However, the opportunity cost may be that much of labor. I would choose to fire them. In this moment, the company is dying, so i think it is more important to save the company than make a profit.