CCHS students tops in sciences, economics ( Admin posted on August 21st, 2014 )

Students at Charlton County High School exceeded state average results in Biology, Physical Science, and Economics in the 2013-14 End of Course Tests (EOCTs).

I am extremely proud with the results from our students, said CCHS Principal Josh Howard. These results indicate the improvement strategies we are attempting to do are working.

I want to congratulate the students for their hard work and all of the teachers for their dedication to improving student achievement at CCHS.

Scores for Physical Science were first in the Okefenokee RESA area while Economics scores were second.

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Gov’t divisions, uncertainty expose Turkey to economic risks ( Admin posted on August 21st, 2014 )

Contradictory statements from government officials on economic policies, combined with the prospect of competent technocrats being replaced by less experienced figures, are raising significant concerns of instability in markets as well as exposing a fragile Turkish economy to potential external shocks, observers argue.

The incumbent government, still headed by President-elect Recep Tayyip Erdogan, has to choose a new cabinet. This means deciding who will be the new prime minister and who will assume the key positions covering the economy. Erdogan said on Thursday that he expects to announce his new prime minister as early as next Thursday. This still may not be the end of the story,...

UPDATE 1-Moody’s sees continued uncertainty in Turkey, lira weakens ( Admin posted on August 21st, 2014 )

(Adds market reaction and details)

ISTANBUL Aug 15 (Reuters) – Turkeys lira eased on Friday
as political uncertainty in the aftermath of Tayyip Erdogans
presidential election victory persisted, with Moodys warning
the outlook was likely to remain unstable until at least the
middle of next year.

Erdogans victory in Sundays vote did not resolve the
countrys credit challenges, Moodys said, and the political
landscape would remain uncertain until at least the conclusion
of parliamentary elections, due by June 2015.

Turkish markets initially took Erdogans win as a sign of
continuity, firming early on Monday, but have since traded less
optimistically....

Ebola and the economics of fear: Don Pittis ( Admin posted on August 20th, 2014 )

In the world of business, there is a saying that markets are driven by fear and greed. As shares in drug companies surge, the Ebola virus has already unleashed the power of greed. And as we watch the coverage of the disease move into what many commentators have labeled irrational hysteria, some people are finding ways to tap the power of fear.

Joel Kettner of the International Centre for Infectious Diseases in Winnipeg says that when it comes to infectious diseases, fear is not clearly good or clearly bad.

It can be both, he says.

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Values up, rents to follow ( Admin posted on August 20th, 2014 )

Increases in landlords expenses, including rates, mortgage interest rates and insurance premiums, could push up rent on a three-bedroom Auckland house by between $20 and $40 a week, he said.

I think it will be tough on tenants and some wont be able to afford it. Its already happening in South Auckland and some tenants will start moving in with each other and well see more overcrowding.

However, Mr King said Real Estate Institute material showed it was $136 a week cheaper to rent than to own the average New Zealand home.

A Crockers survey of landlords found rates increases were the factor most likely to trigger a rent hike, but other costs such as insurance, property maintenance...

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Categories: Family Budgeting

Welcome Back: Rethinking the undergraduate economics curriculum ( Admin posted on August 20th, 2014 )

Following the financial crisis in 2007 and subsequent recession of 2007-2009, the discipline of economics began a soul-searching process of questioning its very foundations. Far from the arrogance that characterized the field during the 1990s and 2000s, economist Paul Krugman tackled the question “How Did Economists Get It So Wrong?” in late 2009 in a New York Times Magazine story.

This undertaking has included a rethinking of the undergraduate economics curriculum, led by Wendy Carlin at University College London and Diane Coyle of Enlightenment Economics. Additionally, students have begun to take important roles in the debate as well.

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Supply-Side Versus Keynesian Economics ( Admin posted on August 20th, 2014 )

Were sure that its possible to make a reasonable case for supply-side economics, that is, showing that well targeted tax cuts and deregulation can have a positive effect on growth. Were also sure that there is a considerable amount that can be brought to bear against Keynesian policies.

But were stuck with an article by well known supply-siders Larry Kudlow and Heritage Foundation chief economist Stephen Moore that does one nor the other. What it does is:

  • Providing no analysis of the causes of the crisis
  • Declaring the present recovery as a bad one
  • Listing a host of disjointed policies, throwing them under the banner Keynesianism, and declaring them guilty...

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The economics of Ferguson ( Admin posted on August 20th, 2014 )

While the world is watching Ferguson, Mo., it is useful to examine how this inner-ring suburb is emblematic of many unfortunate economic trends in America. In 2010, the town was more than 67 percent African-American, a demographic particularly hit hard not only by the Great Recession but by disruptions with a longer arc.

The homeownership rate in Ferguson was almost 10 percentage points lower than the states as of 2012. Median household income of $37,517 compared with Missouris $47,333 (Seattle: $63,470). Twenty-two percent of the population was below the federal poverty level vs. 15 percent statewide. This despite the world headquarters for Emerson Electric being nearby.

As...

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ECONOMICS: A User’s Guide ( Admin posted on August 20th, 2014 )

Given that chemistry is the study of chemicals and biology is the study of living things, one might assume that economics is the study of the economy. Thats not entirely incorrect, but its not the entire story either. In his latest book ECONOMICS: The Users Guide (Bloomsbury; On sale: August 26th), Cambridge professor and prize-winning economist Ha-Joon Chang provides an accessible, comprehensive guide to understanding the controversial science and its implications in our everyday lives.
 
With a masterful knowledge of history, a disregard for conventional economic pieties, and his trademark irreverent wit, Chang offers insights that will never be found in textbooks. The result...

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After New Keynesian Economics ( Admin posted on August 19th, 2014 )

A number of economists have recently been debating what is wrong with macroeconomic modelling today. The University of Chicago’sJohn Cochrane, Oxford’s Simon Wren-Lewis, Berkeley’s Brad DeLong, and Bloomberg’s Noah Smith have all weighed in. Interestingly, the debate begins with discussion about how economic modelling was changed for the better in the 1970′s.

Nobel Prize-Winning Macroeconomist Thomas Sargent (Photo Credit: Laura Pedrick/NYT)

New economic modelling regimes are often born out of disruptive events in the global macroeconomy. Keynesian economic theory, the idea that stimulus can spur aggregate demand, was developed largely as a response...

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Categories: Economics

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