Cornish Tin Mine to reopen

BBC News ran an item on the re-opening of a tin mine in Cornwall. A good case study of resource allocation and the role of price. Check out the video clip below and relate it to the graph showing the changes in the world price of tin between January 2005 and November 2007.

http://news.bbc.co.uk/player/nol/newsid_7110000/newsid_7118200/7118269.stm?bw=bb&mp=wm&asb=1&news=1&bbcws=1#

The price of Tin

German unemployment hits 15 year low

As unemployment in the UK continues to edge upwards, the official German jobless figure fell 53,000 to 3.6million. Other economic news suggested less grounds for German optimism with inflation at 3%, a record 13 year high, and consumer confidence fragile in the run up to Christmas.

What does this mean for economic policy across the Eurozone?

http://news.bbc.co.uk/1/hi/business/7118761.stm

Largest fall in house prices for 12 years

House prices fell by 0.8% in November, the UK's biggest building society said today, the largest monthly fall it has reported in more than 12 years. Nationwide building society identified three reasons for the fall: poorer affordability, the effect of this year's interest rate rises, and expectations of lower price growth.

http://www.guardian.co.uk/money/2007/nov/29/houseprices.property
http://news.bbc.co.uk/1/hi/business/7118336.stm