Category: Economics

Reading List for the 4th of July weekend

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Jul 03, 2020
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Current Events, Economics, Investing, Personal Finance, Credit Scores
Here is your holiday weekend reading list—stay safe people!!!!   Economics The economy added 4.8 million jobs through the week of June 12, higher than expected. (CNN) (New York Magazine) There are several reasons we shouldn’t yet be celebrating: The economy is still down 14.7 million jobs         Another 1.4 million filed for unemployment last week Continuing unemployment claims are still at close to 20 million       ...

Reading List for June 26-28

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Jun 26, 2020
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Current Events, Economics, Investing, Student Loans, Career
Current Events-Stimulus Checks QOD: What are most people spending their stimulus checks on? Answer: Household expenses. According to a Census Bureau Household Pulse survey, 85.5% answered this way. Of those earning between $75,000and $99,000 who got a prorated check, checks were more likely be used to pay down debt or saved.  If you have a family member in a nursing home, you might want to be sure the nursing home didn’t try to pocket your loved one’s check. (WAPO-1). The...

Reading List for June 19-21

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Jun 19, 2020
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Economics, Investing, Paying for College, Current Events
Economics Another 1.5 million people filed unemployment claims this past week. The important and telling statistic is the continuing unemployment claims, which have remained above 20 million since late April. (The Street) The recovery in Retail Sales has been uneven, according to the National Retail Federation CEO. (CNBC) The market took the retail sales figure as positive news. (MarketWatch) NPR breaks down retail spending by income level. Folks at lower income levels are spending whatever...

Reading List for June 12-14

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Jun 12, 2020
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Economics
Economics The unemployment rate dropped in May. Is it reason to celebrate? Maybe we won’t sink deeper, but our economic woes are far from over. (NYT-subscription) Jerome Powell’s comments on Wednesday following the Federal Open Market Committee meeting reiterated the expectation that the employment woes will continue for awhile. (USA Today) Earlier this week the Fed announced the expansion of its Main Street Lending Program. (Fed Press Release) US Debt levels rose in the first...

Question of the Day: February of 2020 marked the end of the longest economic expansion in U.S. history. How many months did this expansion last?

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Jun 09, 2020
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Question of the Day, Economics, Behavioral Finance
Answer: 128 months Questions: What happened in February that led the economy to shift from expansion to a recession, which is a period of economic decline?  How do you think that consumer mindset changes during a recession in terms of their buying behavior?  Do you think that people tend to save more during a recession or during an economic expansion?  The expansion lasted 128 months, how long do you think the current recession might last?  Click here for the ready-to-go...

Reading List for June 5-7

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Jun 05, 2020
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Current Events, Economics, Investing, Taxes
Current Events Of Dollars and Data explains the racial wealth gap mentioned in Tim’s post on NGPF yesterday. WaPo tracks the gap back to 1968…and there has been little change.   Economics After Thursday’s news that another 1.9 million people files for unemployment last week (AP), today’s unemployment rate announcement stunned most economists, going down to 13.3% when it was expected to go up as high as 20% (Forbes). The recovery of 2.5 million jobs added from...

Reading List for Memorial Day Weekend 2020

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May 22, 2020
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Personal Finance, Current Events, Economics, Investing, Paying for College
A little bit of everything for this holiday weekend as we wind down this challenging year.   Personal Finance 56% of parents with young children are in debt due to coronavirus. (PR Newswire) Four million Americans are currently not paying their mortgage. (MarketWatch) If you live to 100, will your money last? (Knowledge@Wharton) Last but not least, 68% of Americans do not have a will. (The Conversation)   Investing What is the “dark side” of low interest rates. (NY...

Reading List for May 15-17

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May 15, 2020
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Current Events, Economics, Investing, Student Loans, Identity Theft
Economics Unemployment claims totaled close to 3 million this past week, bringing the pandemic total to over 36 million jobs lost. (CNBC) State unemployment systems can’t handle the volume of applications, and many are still waiting for benefits. Here is the story of one New Yorker: (CNBC) You can probably guess which retail sectors were hardest hit in April. Here are the US Retail Sales stats for April: (NPR-read or listen) The drop in CPI last month was the largest ever. (USA Today)...

EdPuzzle Thursday: Price Gouging & Inflation

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May 13, 2020
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EdPuzzle Thursday, Economics
EdPuzzle is a great platform to test for knowledge while students watch a video and learn remotely. We will be releasing new EdPuzzle videos here on the blog each week so that your students can answer questions that are directly embedded within engaging videos. In light of the current pandemic, we will also be adding current event videos from Two Cents when relevant. So, on Thursday over the next few weeks, look for a combination of unit specific and current event EdPuzzle videos!  This...

Reading List for May 8-10

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May 08, 2020
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Current Events, Employment, Economics, Investing, Student Loans, Personal Finance
The country took time to recognize some VIPS this week: Teachers and Nurses, and Mothers will have their day on Sunday.  “Thank You” seems an inadequate expression of our gratitude, especially now! You (teachers) inspire me with your energy, creativity, and agility in providing quality instruction and heartfelt support for your students during this challenging time.   And now for the reading list:   Unemployment Unemployment reached historic levels in April of 14.7%....

Reading List for May 1-3

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May 01, 2020
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Current Events, Economics, Investing
Economics First quarter GDP tumbled 4.8%, the biggest drop since 2008. How bad will the second quarter be? (Marketwatch) WAPO’s Michele Singletary explains what you may need to do if you haven’t received your stimulus check yet.   Federal Reserve Bankrate.com recaps the readout from this week’s Federal Open Market Committee meeting. If you want to watch Chairman Powell’s news conference, here is a link: (CNBC)   Unemployment The unemployment picture...

NEW! NGPF Economics Resource Directory

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Apr 26, 2020
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Economics, Activity, Employment, Entrepreneurship, Current Events
Thanks to NGPF Fellow James Redelsheimer of Robbinsdale Armstrong High School (Plymouth, Minnesota) for his work creating this comprehensive directory for teachers looking for NGPF resources that weave Economics and Personal Finance together. By categorizing 150 NGPF resources into 11 Economic topics, this directory makes it easy for Economics teachers to find activities that are current, relevant and engaging for students.  Here's the table of contents (click to go directly to the...

Reading List for April 24-26

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Apr 24, 2020
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Current Events, Economics, Investing, Employment
Happy Weekend!  Hope you all will enjoy spring weather, while here in the Cleveland area we have seen snow flurries for the last three days!   Economics/Employment Pick your medium for info on the new unemployment claims figure yesterday from Yahoo Finance: Video, or an article on unemployment explaining “continuing claims”—which lags by one week. Have we bottomed out? (Will things stop getting worse, even if they don’t get better?) (Yahoo Finance) USA...

Reading List for April 17-19

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Apr 17, 2020
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Current Events, Economics, Personal Finance, Investing
Personal Finance (Knowledge@Wharton) takes a closer look at financial distress and geographic differences. Recognizing the role of Financial Literacy in this pandemic and the subsequent recovery. (CNBC Opinion)   Economics Another 5.245 million Americans file for unemployment benefits as reported this week. That brings the total to over 22 million in the last four weeks, wiping out the last decade of job growth post the Great Recession. (Yahoo Finance)   Only 29 states are...

Reading List for April 10-12

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Apr 10, 2020
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Current Events, Economics, Budgeting, Math
Good News for Consumers Those who rely on insulin to live will finally be getting a break, as Eli Lilly capped copays at $35 for those with and without insurance. (NYT) Consumer Reports contacted 20 companies offering auto insurance to see how they were helping customers with rebates or payment deferrals.   Check to see if your favorite publications have free versions/newsletters with coronavirus updates. (WaPo) (NYT) (LA Times) (WSJ “free” update hasn’t been updated...