Winners and losers from Nicaragua's canal project

Thanks to Aljazeera
http://video.aljazeera.com/channels/eng/videos/nicaragua%E2%80%99s-polarising-%2450bn-canal-project/5266775859001

Income inequality in the USA and the minimum wage

Thanks to Aljazeera
http://video.aljazeera.com/channels/eng/videos/us%3A-battle-for-minimum-wage-hike-to-intensify-in-2017/5266745436001

Current top trade partners of the United Kingdom

Thanks to tutor2u
http://www.tutor2u.net/economics/blog/current-top-trade-partners-of-the-united-kingdom?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Sat%2031st%20December%202016&utm_content=Economics%20daily%20digest%20Sat%2031st%20December%202016+CID_1e5be896bc0a4501de3b1ca03b2f8a7c&utm_source=CampMonitor&utm_term=Current%20top%20trade%20partners%20of%20the%20United%20Kingdom%20Who%20knows%20what%202017%20will%20bring%20But%20this%20chart%20courtesy%20of%20our%20friends%20at%20Trade%20News%20Analysis%20is%20a%20stark%20reminder%20of%20the%20importance%20of%20trade%20with%20fellow%20members%20of%20the

UK trade: EU v non EU

Thanks to the Guardian for this data

The EU buys 44% of the UK's exports and provides 54% of its imports

Share of trade, 2015

EU

Rest of world

Goods exports (EU total £134bn)

Services exports (EU total £89bn)

Combined

Goods imports (EU total £223bn)

Services imports (EU total £68bn)

Combined

0%

25

50

75

100

Guardian graphic | Source: ONS

Nash equilibrium and the Prisoner's dilema

Thanks to the Economist
http://www.economist.com/news/economics-brief/21705308-fifth-our-series-seminal-economic-ideas-looks-nash-equilibrium-prison?fsrc=scn/tw/te/bl/ed/

UK Economy 2016

Thanks to tutor2u
http://www.tutor2u.net/economics/store/uk-economy-overview-december-2016-powerpoint

How successful at tariffs in reducing imports and encouraging domestic production?

Not very if you're talking about trainers and the USA, according to this tutor2u post
http://www.tutor2u.net/economics/blog/trumps-tariff-threat-bad-news-for-us-sneaker-lovers?utm_medium=email&utm_campaign=Economics%20daily%20digest%20Fri%2023rd%20December%202016&utm_content=Economics%20daily%20digest%20Fri%2023rd%20December%202016+CID_27d030150f79e567a2e55533752bbb55&utm_source=CampMonitor&utm_term=Trumps%20Tariff%20Threat%20-%20Bad%20News%20for%20US%20Sneaker%20Lovers%20We%20will%20wait%20to%20see%20if%20the%20reality%20comes%20anywhere%20close%20to%20matching%20the%20rhetoric%20but%20the%20footwear%20industry%20is%20an%20example%20of%20a%20sector%20where%20less%20than%202%20of%20shoes

Enforcement of legislation

Don't pay your road tax? The methods to ensure you do are explored by the BBC
http://www.bbc.co.uk/news/business-38400186

Smog in Beijing

Negative externalities; lots and lots......
http://www.bbc.co.uk/news/world-asia-china-38380325

Changing consumer tastes

Thanks to the BBC
http://www.bbc.co.uk/news/uk-38406591

How to quantify a market failure

A brilliant piece from the BBC
http://www.bbc.co.uk/news/38357986

Providing alcoholics with alcohol: A Canadian solution to market failure

It's important to realised that the aim of government intervention in markets is to reduce externalities so that output is at the social optimum> Is this an example of such a policy?

http://video.aljazeera.com/channels/eng/videos/canadian-charities-try-new-method-to-help-alcohol-addicts/5251933039001

Fines to deter consuming goods with negative externalitiies

Yaya Toure fined £54,000 for dink driving
http://www.telegraph.co.uk/news/2016/12/13/manchester-citys-yaya-toure-denies-consuming-alcohol-intentionally/

Legislation to reduce pollution

Paris has tried this before, but will it work?
http://www.bbc.co.uk/news/world-europe-38248648

Impact of migration

Thanks to Sky
http://news.sky.com/story/food-prices-will-rise-without-eu-workers-industry-warns-10688728

The impact of tariffs

Nice summary from economicshelp
http://www.economicshelp.org/blog/24571/trade/impact-of-us-tariffs/

Negative externalities in production: Bolivia's proposed dam

Thanks to Aljazeera
https://www.youtube.com/watch?v=XJnPoW1UNNc

Action to reduce city air pollution

A diesel car ban? Aljazeera reports
http://video.aljazeera.com/channels/eng/videos/four-cities-pledge-diesel-ban-to-fight-pollution/5234265397001

Mobility of labour

Nice summary from economicshelp
http://www.economicshelp.org/blog/24414/labour-markets/mobility-of-labour/

OPEC and the oil price

Do they still have the power to move the oil price? Aljazeera reports
http://video.aljazeera.com/channels/eng/videos/oil-prices-surge-as-opec-reaches-production-deal/5230466843001

The unintended consequences of taxing cigarettes

Thanks to the BBC
http://www.bbc.co.uk/news/uk-38170754 and
video http://www.bbc.co.uk/news/uk-38169677