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December 13

economics: coffee prices question

in news report "On Tuesday, the price for Arabica beans, which account for most global production, topped $3.44 a pound (0.45kg), having jumped more than 80% this year. " [1] how do they measure it? some other report mention it is a commodity price set for trading like gold silver etc. what is the original data source for this report? i checked a few other news stories and did not find any clarification about this point, they just know something that i don't. thank you in advance for your help. Gryllida (talk, e-mail) 01:32, 13 December 2024 (UTC)[reply]

Gryllida, they seem to be talking about the "Coffee C" contract in the List of traded commodities. The price seems to have peaked and then fallen a day later

explanation here
I googled "coffee c futures price chart" and the first link was uk.investing.com which I can't link here
if you have detailed questions about futures contracts they will probably go over my head. TSventon (talk) 01:54, 13 December 2024 (UTC)[reply]

thanks. i see the chart which you cannot link here. why did it peak and then drop shortly after? Gryllida (talk, e-mail) 04:08, 13 December 2024 (UTC)[reply]

Financial markets tend to have periods of increase followed by periods of decrease (bull and bear markets), see market trend for background. TSventon (talk) 04:55, 13 December 2024 (UTC)[reply]

source for an order of precedence for abbotts

Hi friends. The article for Ramsey Abbey in the UK refers to an "order of precedence for abbots in Parliament". (Sourced to an encyclopedia, which uses the wording "The abbot had a seat in Parliament and ranked next after Glastonbury and St. Alban's"). Did a ranking/order of precedence exist and if yes where can it be found? Presumably this would predate the dissolution of monasteries in england. Thanks.70.67.193.176 (talk) 06:49, 13 December 2024 (UTC)[reply]

The abbots called to parliament were called "Mitred Abbots" although not all were entitled to wear a mitre. Our Mitre article has much the same information as you quote, and I suspect the same citations. The only other reference I could find, also from an encyclopedia;

Of the abbots, the abbot of Glastonbury had the precedence till A.D. 1154, when Pope Adrian IV, an Englishman, from the affection he entertained for the place of his education, assigned this precedence to the abbot of St. Alban's. In consequence, Glastonbury ranked next after him, and Reading had the third place.

A Church Dictionary: A Practical Manual of Reference for Clergymen and Students (p. 2)

Alansplodge (talk) 21:47, 16 December 2024 (UTC)[reply]

Sources differ on the order. There is a list published in 1842 of 26 abbots as "generally ... reckoned" in order here

The Church History of Britain Volume 2 (p.182) TSventon (talk) 22:15, 16 December 2024 (UTC)[reply]

"Mean lords" in that reference should presumably be Mesne lords. 194.73.48.66 (talk) 14:25, 20 December 2024 (UTC)[reply]

"Mean lords" looks like an alternative spelling that was used in the 19th century, so it was probably a correct spelling in 1842. TSventon (talk) 15:07, 20 December 2024 (UTC)[reply]

Thank you everyone very much for your time and research, truly appreciated. all the best,70.67.193.176 (talk) 23:44, 20 December 2024 (UTC)[reply]

Are the proposed Trump tariffs a regressive tax in disguise?

I'm wondering if there has been analysis of this. The US government gets the tariff money(?) and biggest chunk will be on manufactured goods from China. Those in turn are primarily consumer goods, which means that the tariff is something like a sales tax, a type of tax well known to be regressive. Obviously there are leaks in the description above, so one would have to crunch a bunch of numbers to find out for sure. But that's what economists do, right? Has anyone weighed in on this issue? Thanks. 2601:644:8581:75B0:0:0:0:327E (talk) 08:58, 13 December 2024 (UTC)[reply]

There have been many public comments about how this is a tax on American consumers. It's only "in disguise" to those who don't understand how tariffs work. ←Baseball Bugs ^{What's up, Doc?} carrots→ 11:34, 13 December 2024 (UTC)[reply]

Thanks, I'll see what I can find. Do you remember if the revenue collected is supposed to be enough for the government to care about? I.e. enough to supposedly offset the inevitable tax cuts for people like Elon Musk? 2601:644:8581:75B0:0:0:0:327E (talk) 22:36, 13 December 2024 (UTC)[reply]

Import duties are extremely recessive in that (a) they are charged at the same rate for any given level of income; and (b) those with less income tend to purchase far more imported goods than those with more income (define “more” and “less” any way you wish). Fiscally, they border on insignificant, running an average of 1.4% of federal revenue since 1962 (or, 0.2% of GDP), compared to 47.1% (8.0%) for individual income tax and 9.9% (1.7%) for corporate tax receipts.DOR (ex-HK) (talk) 22:52, 13 December 2024 (UTC)[reply]

Curious about your point (b); why would this be? It seems to me that as my income has risen I have probably bought more stuff from abroad, at least directly. It could well be that I've bought less indirectly, but I'm not sure why that would be. --Trovatore (talk) 00:02, 14 December 2024 (UTC)[reply]

More like, those with less income spend a larger fraction of their income on imported goods, instead of services. PiusImpavidus (talk) 10:48, 14 December 2024 (UTC)[reply]

Trovatore, most daily use items are imported: toothbrushes, combs, kitchenware, shopping bags. Most durable goods are imported: phones, TVs, cars, furniture, sporting goods, clothes. These items are more likely to be imported because it is MUCH cheaper / more profitable to make them abroad. Wander through Target, Sam's Club, or Wal-Mart and you'll be hard pressed to find "Made in America" goods. But, in a hand-crafted shop, where prices have to reflect the cost of living HERE, rather than in Bangladesh, prices soar. DOR (ex-HK) (talk) 19:13, 15 December 2024 (UTC)[reply]

Um, sure, but surely it's a fairly rare person of any income level who spends a significant portion of his/her income on artisanal goods. --Trovatore (talk) 06:03, 18 December 2024 (UTC)[reply]

PiusImpavidus, Every income strata (in America) spends far more on services than on goods. Services tend to be more of a repeated purchase: laundry (vs. washing machine), Uber (vs. car), rent (vs. purchase), internet (vs. books), etc. DOR (ex-HK) (talk) 19:17, 15 December 2024 (UTC)[reply]

Ron A. Dunn: Australian arachnologist

For Ronald Albert Dunn (Q109827858) I have given names of "Ron. A.", an address in 1958 of 60 Mimosa Road, Carnegie, Victoria, Australia S.E. 9 (he was also in Carnegie in 1948) and an uncited death date of 25 June 1972.

He was an Australian arachnologist with the honorifics AAA AAIS.

Can anyone find the full given names, and a source or the death date, please? What did the honorifics stand for? Do we know how he earned his living? Andy Mabbett (Pigsonthewing); Talk to Andy; Andy's edits 12:54, 13 December 2024 (UTC)[reply]

Pigsonthewing Have you tried ancestry.com? For a start

A scan of the 1954 Carnegie electoral roll has

Dunn, Ronald Albert, 60 Mimosa Road, S.E. 9, accountant
Dunn, Gladys Harriet I, 60 Mimosa Road, S.E. 9, home duties

I can't check newspapers.com, but The Age apparently had a report about Ronald Albert Dunn on 27 Jun 1972 TSventon (talk) 14:49, 13 December 2024 (UTC)[reply]

Thank you. I don't have access to the former, but that's great. AAA seems to be (member of the) Association of Accountants of Australia: [2]. Andy Mabbett (Pigsonthewing); Talk to Andy; Andy's edits 16:18, 13 December 2024 (UTC)[reply]

I accessed Ancestry.com via the Wikipedia Library, so you should have access. Newspapers.com is also available via the library if you register, which I haven't. An editor with a Newspapers.com account would be able to make a clipping which anyone could access online.

I agree AAA is probably the Australian Society of Accountants, a predecessor of CPA Australia. They merged in 1953 (source) so the information would have been outdated in 1958. AAIS could be Associate [of the] Amalgamated Institute of Secretaries (source Who's Who in Australia, Volume 16, 1959 Abbreviations page 9). TSventon (talk) 16:48, 13 December 2024 (UTC)[reply]

Last time I tried, Ancestry wasn't working for WP-Lib users. Thank you again. Andy Mabbett (Pigsonthewing); Talk to Andy; Andy's edits 20:50, 13 December 2024 (UTC)[reply]

There is a phabricator problem about loading a second page of results. My workaround is to try to add more information to the search to get more relevant results on the first page of results. TSventon (talk) 21:03, 13 December 2024 (UTC)[reply]

Or perhaps someone at Wikipedia:WikiProject Resource Exchange/Resource Request could help? Alansplodge (talk) 12:35, 14 December 2024 (UTC)[reply]

They already have at Wikipedia:WikiProject Resource Exchange/Resource Request#The Age (Melbourne) 27 June 1972. TSventon (talk) 12:42, 14 December 2024 (UTC)[reply]

Given his specialty, I suggest the honorific stands for "Aaaaaaaaagh It's (a) Spider!" Chuntuk (talk) 12:33, 18 December 2024 (UTC)[reply]