VAT 2013

For those interested in a bit of clarification about how the VAT will work next year, check this.

Chicken Legs

When teaching Open Economy in my Intermediate Macroeconomics class, I like to use the scenario of Chicken legs import restriction as an example of a trade restriction. The example seemed a bit silly, but helped to  lighten the atmosphere. It seems now that the scenario isn't so silly after all. Parliament is considering banning the importation of chicken legs in the near future. You can read the story here.