Topic: Changes in supply or demand

Source: New York time

Date: April, 23, 2020
Title: The Oil Industry’s Glut Has a Bright Spot: Tanker Storage

https://www.nytimes.com/2020/04/23/business/oil-markets-tankers.html

Summary
The article tells about the tanker business that they have risen there prices just because of the
global outbreak, oil producing countries are suffering each tanker used to park crude is no longer
available to transport it. So, the issue turns like transportation getting more expensive as
compared to the oil because of the current situations.

Microeconomics Concept
While relating this with microeconomic concept we can say that there is an increase in the
demand of shipping and trading business of oil, it is happened just because there are less trucks
and ships, most of them are stuck on the ports. While talking about the more demand for the
tanker business they have risen there rates from $25000 to $200000, even there is chance to go
up to $300000.
Topic: Cartels
Source: Bloomberg
Date: April 2, 2020,
Title: Trump Deploying Military Forces to Pressure Drug Cartels, Maduro
https://www.bloomberg.com/news/articles/2020-04-01/trump-deploying-military-forces-to-
pressure-drug-cartels-maduro

Summary
The news explains about that drug cartels that they are seeking to capitalize on the corona virus
crisis on US. But Trump has come with some strong forces so that cartels cannot enter or affect
during this global pandemic. Trump is trying every possible things to expel Maduro who is one
of the drug cartel who is involved in drug trafficking operations in US.

Microeconomics concept
As per the microeconomics concept these drug cartels usually supply illegal drug trafficking
which kills 70,000 Americans annually, and drug cartels earning millions of dollar annually.
When these drug cartels sells illegally usually economy is affected because there is less
competition in the drug market and those people who sell illegally earn more profits and usually
they don’t pay taxes as per the rules and regulations.
Topic: US antitrust cases (relating to microeconomic issues)
Source: Dallas News Week
Date: April 8, 2020,
Title: Sabre wins antitrust challenge to $360 million purchase of competitor Farelo
https://www.dallasnews.com/business/airlines/2020/04/08/sabre-wins-antitrust-challenge-to-360-
million-purchase-of-competitor-farelogix/

Summary
The article explain about Sabre Corp which won the right to buy the Farelogix by surviving an
antitrust lawsuit brought by the U.S. government. Sabri and Farelogix provide technology
systems to airlines which help them to sell tickets to their passengers. Sabri is one of the leading
brand in booking tickets which earned around $4 billion revenues in 2019.

Microeconomic concept
While relating this to microeconomic concept we have learnt concept of acquisition that one
company is dominant on another, it usually acquires that one, the same concept is applied here
that Sabri has planned to acquire Farelogix for $360 billion. So, if these both companies working
together with a single name they can earn more and more profits while capturing overall market
of the country.
Topic: Inefficiencies associated with US tariffs on imports
Source: Dallas News Week
Date: April 3, 2020,
Title: Months before COVID-19, Texas company told Trump that medical goods tariffs made
U.S. ‘less prepared

https://www.dallasnews.com/news/politics/2020/04/03/months-before-covid-19-texas-company-
told-trump-that-medical-goods-tariffs-made-us-less-prepared/

Summary
The article is about the recent outbreak of covid19 which has made severe issue for US just
because of the tariffs on imports. US faced the issue regarding the medical supplies like
facemask and other health care equipment’s which US could not avail during this pandemic.
Trump officials have pushed back on the notion that those levies made the U.S. more vulnerable.
But the tariffs were still enough of a barrier that the administration suspended a wide array of
them in early March as the coronavirus outbreak grew.

Microeconomic Concept
While related this with microeconomics, we can say that due to imports on tariffs the US can not
avail all the medical equipment facilities, and due to this outbreak usually people require more of
the medical equipment, means there is an increase in the demand, so this issues has lead to
increased costs and product shortages which has increased the issue around the US. And these all
issue have occurred due to the inefficiencies of government that they have not taken certain
measures as per the situation.