Category: Economics

Reading List for February 26-28

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Feb 26, 2021
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Financial Literacy, Economics, Investing, Cryptocurrencies
Financial Literacy More players have jumped into the financial literacy effort. Nike’s partnership aims at kids (Yahoo Finance). The Skimm’s new SkimmU is aimed at its largely female following (7 million subscribe to its daily news feed).   Economics   Here is a great summary of where Janet Yellen stands on current top economic issues. (NYT) Last week’s first-time jobless claims dropped over 100,000 from the previous week. The number is still huge. (Yahoo Finance)...

EconExtra: Freedman's Bank and the History of Black-owned Banks in the US

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Feb 20, 2021
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Economics
EconExtra is a series of posts that go beyond the textbook, relating current events and recent developments in economics to content standards, and providing resource suggestions to help you incorporate the current events into your lessons. The Headlines Investopedia published a comprehensive review of all of the Black-owned banks by state earlier this month. In fact, there are only 41 in the country, including credit unions.During Black History Month, the following headlines warranted further...

Reading List for February 19-21

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Feb 19, 2021
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Economics, Investing, Taxes
Economics Retail sales jumped beyond expectations in January. (CNN) New weekly unemployment claims back up this week, and prior week was revised up as well. (Yahoo Finance) Sales of existing homes rose in January, surprising forecasters. Inventories are low, prices are high. (Reuters) Walmart will be raising wages for 425,000 workers to average above $15 an hour. (CNBC) There is much debate over an increased minimum wage, particularly in struggling areas of the country. (NYT) Covid has driven...

Reading List for February 12-14

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Feb 12, 2021
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Cryptocurrencies, Investing, Economics, Budgeting, Taxes, Paying for College
Happy Valentine's Day! BitCoin Bitcoin may be winning the headline contest over GameStop this week. Let’s start with “What can you buy with bitcoin?” (NYT) The nation’s oldest bank, BNY Mellon, and Mastercard announce they are getting on the cyrptocurrency bandwagon. (Markets Insider) Tesla may have triggered the latest run-up in bitcoin pricing after their announcement of a $1.5 billion investment, and that they would accept bitcoin as payment for their cars. (CNBC)...

EconExtra: Madame Secretary

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Feb 05, 2021
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Economics
(This post was updated on February 10, 2021.) EconExtra is a series of posts that go beyond the textbook, relating current events and recent developments in economics to content standards, and providing resource suggestions to help you incorporate the current events into your lessons.   The Event With a new administration comes a new Cabinet. There is much speculation about what to expect from the Former Fed Chair, Janet Yellen, in her new role Treasury Secretary. She is the first woman to...

Reading List for Feb 5-7

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Feb 05, 2021
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Investing, Cryptocurrencies, Economics
Investing-GameStop Round 2 Treasury Secretary Yellen and other regulators met to discuss what happened with GameStop and other stocks (NYT), and Cleveland Fed President does not expect any resultant changes to policy. (CNBC) Or the leaders could just listen to Andrew Ross Sorkin, who proposed six ways to “fix” the market in his DealBook article this week. Gary Gensler has been nominated to head up the SEC, and this will be his issue to deal with. For some perspective on how he might...

Reading List for January 29-31

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Jan 29, 2021
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Investing, Economics, Taxes, Paying for College, Student Loans
Game Stop Seems like we could devote the entire reading list to Game Stop.   It is the topic of this week’s FinCap Friday, this 15 minute primer on NGPF with Tim and Yanely, and NGPF will hold a PD on Monday about it as well. In the mean time, here are several articles covering several aspects of this phenomenon.  If you read/watch nothing else on the topic, WATCH THIS! NBC’s Stephanie Ruhle’s explanation of the situation, being called a “short...

Reading List for January 22-24

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Jan 22, 2021
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Investing, Economics, Behavioral Finance, Retirement
Economics New unemployment claims up at 900,000 again last week. (DOL) US Trade Deficit reaches a 14-year high. (AP News) Existing home sales hit their highest level since 2006 in December. (Who is nervous?) (Yahoo Finance) Get to know Janet Yellen, whose nomination to Treasury Secretary should be confirmed as early as today. (Yahoo Finance)   Investing This Of Dollars and Data article wraps up investing in the year 2020 with ten takeaways. Tik Tok may be the rage right now, but it is...

EconExtra: 20 States Increased Minimum Wage on January 1

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Jan 21, 2021
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Economics
EconExtra is a series of posts that go beyond the textbook, relating current events and recent developments in economics to content standards, and providing resource suggestions to help you incorporate the current events into your lessons.   The Issue The impact of a higher minimum wage was on my list of topics for an EconExtra for a couple of reasons. First, as of January 1, minimum wage increases went into affect for twenty states (Yahoo Finance) (CNN) (Economist). Second, President Biden...

Reading List for January 15-17

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Jan 15, 2021
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Cryptocurrencies, Economics, Investing, Behavioral Finance, Career
Cryptocurrency What goes up, must come down. Just last week we posted about bitcoin reaching a record high. This week it turned south. (CoinDesk) And many people are scrambling to find the password to their digital wallet to cash out! (NYT)   Economics Not a lot of good economic news this week:  New unemployment claims jumped back up to the million mark last week. (Yahoo Finance) (NYT) Lael Brainard estimates the unemployment rate for the lowest paid workers is likely north of 20%...

Reading List for January 8-10

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Jan 08, 2021
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Economics, Cryptocurrencies, Investing, Insurance, Student Loans
Economics Biggest economic news this week hit today: The December jobs report shows a 140,000 decline, the first decline since April, and the news for long-term unemployed and labor force participation aren’t great. (NYTimes) This followed yesterday’s news on initial jobless claims, still stubbornly high. (Yahoo Finance) The US Trade deficit hit a 14-year high in November. (Reuters) January 1 brought increases in the minimum wage across the country. (NYTimes) (Economist-graph...

EconExtra: What Idea did Andrew Yang, Martin Luther King Jr. and Milton Friedman Share?

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Jan 07, 2021
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Economics, Taxes
EconExtra is a series of posts that go beyond the textbook, relating current events and recent developments in economics to content standards, and providing resource suggestions to help you incorporate the current events into your lessons.   The Issue   There is much debate about the most effective way to provide an economic safety net. Democratic Presidential candidate Andrew Yang, considered a progressive, proposed a guaranteed minimum income ($1000/month). It may surprise your...

Reading List for December 18-20

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Dec 18, 2020
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Current Events, Investing, Economics, Cryptocurrencies
The New York Times will be free to high school students and teachers through September 2021, sign up here!. During this time, expect to see a few more articles from the NYT than you have been seeing in the reading list.   Pandemic One vaccine (Pfizer) is being administered as I type, as a second one (Moderna) is about to receive emergency authorization. Great news! But watch out for vaccine scams! (WAPO) Not only are female workers taking a disproportionate hit to income during the...

Reading List for December 11-13

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Dec 11, 2020
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Personal Finance, Economics, Investing, Financial Scams
Personal Finance Three interesting surveys hit the media this week: CNBC looks at the Junior Achievement Teens and Economic Opportunity Survey. JD Power has been running monthly surveys on Consumer Financial Health, and Financial Brand looks at how some banks are responding to customer needs for information and guidance. PRNewsWire looks at a Lending Tree survey that suggests 31% of people would rather go into debt than borrow money from a relative. We discuss combining finances in...

Reading List for December 4-6

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Dec 04, 2020
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Investing, Economics, Cryptocurrencies, Student Loans
Investing Michael Batnick provides a well thought out answer to the question “is Robinhood (any zero commission/fraction share platform) good for investors?” (The Irrelevant Investor) Economics Why economists support more stimulus, and what will happen come January 1 if there is no further stimulus. (NYTimes – subscription) The number of Americans using credit cards to pay rent has risen 70% over last year. NPR Mortgage rates hit yet another record low: the 30-year rate...