Although the Fed continues to view inflation as being the byproduct of excess demand and supply disruptions, such discussion does not point to a solution. The audio of Fr. Despite interest rate increases meant to cool the labor market, companies outside the tech industry worry about having too few workers, not too many. The 1990s obsession with the current account looks silly with hindsight, perhaps akin to our current one with fiscal deficits and surpluses. Our faculty contributors are experts in their fields of study and are here to assist you in connecting the classroom to the real world. Liam Lenten presents Some Sports Economics, a six-part video which uses sporting analogies to explain common economic concepts. If theres one thing we can say with certainty, its that economic forecasting is far from an exact science. Amitrajeet A. Batabyal, Rochester Institute of Technology, Cline Louche, Audencia and Timo Busch, University of Hamburg, Chris Doucouliagos, Deakin University and Tom Stanley, Deakin University, Xavier Rousset, Universit Paris Cit; Octavio Escobar, PSB Paris School of Business, and Rgis Chenavaz, Kedge Business School, Warwick Smith, The University of Melbourne, Khaled Soufani, University of Cambridge; Mark Esposito, Harvard University, and Terence Tse, ESCP Business School, Adjunct Senior Lecturer in Economics, University of Adelaide, University Associate, School of Economics and Finance, University of Tasmania, Professorial Fellow, University of Canberra, Research economist, The University of Melbourne, Professor of Fourth Industrial Revolution & Global Shifts, Arizona State University, Lecturer in Economics, Lancaster University, Senior Faculty in Management Practice (Finance) at Cambridge Judge Business School, University of Cambridge, Professor of Organizational Psychology, University of Leeds, Distinguished Professor, Arthur J. Gosnell Professor of Economics, & Interim Head, Department of Sustainability, Rochester Institute of Technology, Professor of Economics, Department of Economics, Deakin Business School and Alfred Deakin Institute for Citizenship and Globalisation, Deakin University, Doctorant en conomie, Universit Paris Cit. My teacher assigns a current event every week and most students are confused on what topic to choose and I told them about this website. When a pandemic-era boost ends on Wednesday, more than 30 million people will lose a significant amount of assistance. Got a confidential news tip? Between 12 p.m. and 1 p.m., every single person in the economy will walk in Continue Reading, ZACHARY HAGEN-SMITH OCTOBER 20TH, 2022 EDITOR: SELINA YANG When I spoke with New York Assemblywoman Pat Fahy in September, she was days out from a press conference on her Continue Reading, JONATHAN LI AUGUST 30TH 2022 I. The meeting, last held in 2011, will take place in Lindau, Germany August 19-23. The solutions are both local and global, requiring business leaders to remain agile, while thinking strategically for the future. NBC News' Tom Costello has more details on the hiring surge and what. Does easing US inflation point the way for the world? "What is Seen and What is Not Seen" by Frederic Bastiat Frederic Bastiat was a 19th century political economist and member of the French Assembly. Articles, videos, lesson ideas, and workshops to help you bring current events into your financial literacy instruction. Nick Timiraos February 17, 2023 U.S. UNITED NATIONS (AP) The United Nations forecast Wednesday that global economic growth will fall significantly to 1.9% this year as a result of the food and energy crisis sparked by the war in Ukraine, the impact of the COVID-19 pandemic, persistently high inflation and the climate emergency. If this imbalance persists, it will hurt productivity and, over time, undermine economic growth. Walmart, Home Depot are having trouble, too, How TV dinners changed American cooking, forever, Democratic AGs sue FDA to drop all remaining restrictions on abortion pill, FDA: Guillain-Barre syndrome is possible risk of Pfizer RSV shot for older adults, Fed needs more rate hikes to tame inflation, causing a recession, paper says, Fed's Mester says she has hope that inflation can fall without a recession, Key Fed inflation measure rose 0.6% in January, more than expected, Treasury yields rise after Fed's preferred inflation gauge shows larger-than-expected increase, OECD says global economic outlook 'slightly better' for 2023 but inflation risks linger, U.S. will create at least two chip manufacturing clusters by 2030, Raimondo says, Medicare rejects Alzheimer's Association ask for unrestricted treatment coverage, Moderna misses on earnings amid rising costs as Covid shot demand falls, Treasury yields dip as investors assess Fed policy outlook, Indonesia says it's working to become more resilient to U.S. inflationary shocks, Strategist says it's the 'last phase' of the bear market and names 3 stocks to buy, West Virginia aims to toss lawsuit seeking to overturn abortion pill restrictions, Republicans seek records on SEC's climate proposal as part of push against ESG, S&P 500 earnings beats hit a 15-year low. Now, the current economy is unprecedented, with strong growth, rapidly falling unemployment, and high inflation, but also a rapidly rising money supply, growing government debt, and an ongoing pandemic. In return for vast subsidies, the Biden administration is asking the chip industry to make promises about its workers and finances. Read business reports and watch industry-specific videos online. Given that the third quarter real growth rate was only 0.6% on a quarterly basis, real GDP growth could turn negative for parts of 2022, while nominal GDP will most likely continue a positive trajectory. Economics. It is important for people to understand economics . Are tech job cuts a warning for the wider economy? Elliot Smith Thu, Feb 23rd 2023 Consumer debt hits record $16.9 trillion as delinquencies also rise Jeff Cox Thu, Feb 16th 2023 Economy Wholesale prices rose 0.7% in January, more than expected. Microeconomics - News, Research and Analysis - The Conversation - page 1 Articles on Microeconomics Displaying all articles August 31, 2021 Microeconomics explains why people can never have. Why put time limits on legislation? U.S.-China Relations and Political Instability. Jerome H. Powell's no-holds-barred response to the pandemic was made possible by history. Read more Thailand: GDP growth cools notably in Q4 February 17, 2023 GDP growth slowed to 1.4% year on year in the fourth quarter, from 4.6% in the third quarter. Current Events 10.13.2021. It raises questions about the future. Paul Krugman Breaks It Down. As we move into 2022, the pace of real economic growth is expected to moderate, with a current consensus projection of 3.9%. The New York Times, Lesson of the Day We want to hear from you. Caroline R. Bastian. February 14, 2021. Economics is a field that remains difficult to grasp even for many adults, but it's vital for students to understand how financial concerns affect policy and problem solving. Opinions expressed by Forbes Contributors are their own. Prices help us economize on those scarce resources and bring together buyers and sellers so that vital goods and services can be produced. 11 Feb, 2023, 05.27 PM IST. In January, we projected 2021 global growth at 5.5 percent, but prospects of a stronger recovery are emerging - because of additional fiscal stimulus, especially in the U.S., and the prospects of broader vaccination. There are large risks of negative consequences ultimately materializing if the Fed fails to react appropriately to the current rise in inflation. Welcome to Some Sports Economics, a six-part video series explaining economic concepts through sport, by La Trobe University senior lecturer, Liam Lenten. The latest survey will add to concern the Federal Reserve needs to keep interest rates higher for longer. The Juice is an online news source designed for kids from fifth through twelfth grade. Econ Collection; Videos & activities: So Expensive Series; . Faculty; Faculty Research Areas . Climate Change May Cut US Forest Inventory by a Fifth This Century. One can even equate this scenario to the shortage of masks and other PPEs during the outbreak of the COVID-19 pandemic. As a result, some companies started shifting production regionally, such as from China to Vietnam. Winter 2021 Economics; Winter 2021 Managerial Economics; Spring . Business. Now, more than ever, it is important that the US and its allies stay united in confronting China. We will update our global forecasts in the new World Economic Outlook coming out in early April. The article, "The Evolving Impacts of COVID-19 on Gender Inequality in the U.S. Labor Market: The COVID Motherhood Penalty" co-authored by UConn Economics Professor Kenneth Couch, Robert Fairlie (Cal-Santa Cruz) and Huanan Xu (Indiana University South Bend) was selected as the Best Article published in Economic Inquiry in 2022.. 6 Things We Learned from Prohibition . As a result, students cannot present topics that can earn them top grades in class. Taking the biscuit. Commentary, analysis, insight from the Foundation for Economic Education Microeconomics analyzes how individuals and businesses behave as they try to get the most they can for as little money as possible. The 10 Most Popular Articles in 2021 (So Far) Leading through change, hybrid work environments, and developing strategy for the post-pandemic era are among the most popular topics for readers in recent months. That simple trend can seem terrifying since all Continue Reading, VASANTH KUMAR APRIL 30TH, 2021 EDITOR: SEBASTIAN MARSHALL The COVID-19 recession and subsequent policy response have made Jerome Powell an important authority figure. As the coronavirus swept the world, closing . These factors, coupled with the continued threat of the pandemic and rising global political tensions, indicate a lot of risk and uncertainty in the economic climate, which business leaders must manage. Business. Reports of their inevitable collapse are greatly exaggerated. Read more >, We are now accepting submissions for our Fall 2022 volume. The administration says the conditions it has attached to $40 billion in new subsidies will help U.S. semiconductor makers compete globally. Get this delivered to your inbox, and more info about our products and services. The best forecasters can hope for is not to make systematic errors to get it right on average and. Inflation today is driven by complex factors, beyond disrupted supply chains and increased consumer spending. On this current events website you can find articles under science, technology and history categories. Trump rolls out 2024 trade policy that would 'tax China to build up America,' reward US producers. Andrew Keinsley, a doctoral student in the Department of Economics, is one of 480 students from 80 countries selected to attend the 5th Lindau Meeting of the "Laureates of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel," i.e., the Nobel Prize in Economic Sciences. While we can debate the causes and consequences of current inflation, there is little doubt the solution lies with the Federal Reserve and its Chairman Jerome Powell. These stocks should benefit as companies return to the U.S. Treasury yields retreat after 2-year note reaches highest level since November, Can't figure out this economy? 13 No. It also marked the eighth consecutive month that . Howe Institute said direct savings associated with . There are often maps, related resources and videos to explore with each article. 4 Nov 2022. Inflation was still hot in January, but some prices are cooling off Household debt hit record $16.9 trillion last quarter, as consumers loaded up their credit cards Highlights Producer prices rose. The U.S. current-account deficit narrowed by $21.6 billion, or 9.1 percent, to $217.1 billion in the third quarter of 2022, according to statistics released today by the U.S. Bureau of Economic Analysis. Bring The Times to Your Campus Campus Subscription Options 5 Current Events Articles/ Questions (September Week4) By Current Events Corner. Major principles of the economic welfare theory. 1/11/2021 - COVID-19 immunity robust eight months after infection, study says - New York Post. Square data shows tipping frequency is still rising at sit-down and counter-service restaurants alike, hinting that those tablet prompts are cajoling a few extra dollars out of patrons despite complaints about tipflation.. Where economic growth and inflation will net out in 2022 remains uncertain due to the size, complexity, and uncertainty of the problems to be faced next year. Article Recommendations The New York Times in Education Back Microeconomics Article Recommendations NYT article recommendations are based on keywords related to your discipline. There are diamonds in the rough. Andrew Caballero-Reynolds / AFP - Getty Images, Tom Williams / CQ-Roll Call, Inc via Getty Images file, Michael S. Williamson / The Washington Post via Getty Images file. Current Events for Kids: The Juice. Fall 2021 High School Essay Contest Open Now. Got a confidential news tip? National Geographic Households Lifting Economy After Being Stung by Inflation Last Year Wage gains, state tax cuts and cost-of-living adjustments are boosting disposable income.. There is a debate within the Fed over whether to raise interest rates more next month than the market has been expecting. New research on social issues from Harvard Business School faculty on issues including when CEOs become activists, how children benefit from having a working mother, and harnessing employees' intrinsic goodwill. Commentary, analysis, insight . Data is a real-time snapshot *Data is delayed at least 15 minutes. I love how there is an article for every topic for easy citation. Not yet, Consumer prices fell 0.1% in December, reflecting a slowdown for inflation, World Bank makes big cut to its 2023 growth outlook, warns on possible recession, France's government outlines plans to raise retirement age despite years of pushback, Consumers see inflation, and spending, cooling off, New York Fed survey shows, U.S. unemployment rate falls in December, but rises for Black women, Hispanic men, Nonfarm payrolls rose 223,000 in December, as strong jobs market tops expectations, Private payroll growth surged by 235,000 in December, ADP reports. Jagjit Chadha says the current moment calls for subtle policy engineering 17 Feb 2023; Macroeconomics; Bank of Canada paper tests 'inflation tax' in lab experiment. More cost cuts are coming as companies play defense on profit margins, CDC advisors recommend mpox vaccine for at-risk adults in future outbreaks, Flu shot 68% effective against hospitalization in kids, less protective for seniors. In his second vision statement Albanese says he wants to pursue his productivity project, and paints himself as a fiscal conservative well removed from Bill Shortens tax and spend approach. After rebounding to an estimated 5.5 percent in 2021, global growth is expected to decelerate markedly in 2022to 4.1 percent, reflecting continued COVID-19 flare-ups, diminished fiscal support, and lingering supply bottlenecks. Page 1 of 65 Results . Unfortunately, tensions have not relaxed. NBC News Tom Costello has more details on the hiring surge and what it could mean for interest rates. Join Dr. Glenn Hubbard, Dean Emeritus and Russell L. Carson Professor of Finance and Economics at the Columbia Business School at Columbia University, as he discusses how current events can be used in the classroom to help encourage students to view and analyze events through an economic lens. But now adoptions are waning. 2023 CNBC LLC. Events; Books; Donate; Home; Economics; Politics; Culture; History; . US inflation stays high as housing costs bite. Current Events. Each news article includes comprehension questions, background information and additional resources (videos, maps, etc.). But economists say Moscow won't drain its war chest any time soon, Lawyer may have saved Biden's student loan forgiveness plan at Supreme Court, Key Georgia election official rips Marjorie Taylor Greene 'conspiracies' after tense meeting, A psychology expert shares the 7 toxic signs of 'highly insecure' peopleand how to deal with them, I've helped people land 6-figure salariesthese 5 job interview phrases got them hired 'on the spot', Russian mercenary boss says 'fierce resistance' in Bakhmut; Kyiv says fighters face 'insane pressure', U.S. inflation is likely 'far stickier' and could last a decade, Bill Smead says, Inflation report due Tuesday has the potential to deliver some bad news, Here's where the jobs will be during the rolling recessions, Black women are gaining ground in labor market but still face unique barriers, Heres where the jobs are for January 2023 in one chart, Jobs report shows increase of 517,000 in January, crushing estimates, as unemployment rate hit 53-year low, ADP: Private payroll growth slowed to 106,000 in January as weather hit hiring, Important wage inflation measure for the Fed rose less than expected in Q4, Euro zone economy posts surprise expansion in the fourth quarter, curbing recession fears, IMF hikes global growth forecast as inflation cools, household spending holds, Key Fed inflation measure eased in December; consumer spending also declined, U.S. GDP rose 2.9% in the fourth quarter, more than expected even as recession fears loom, Here's what you need to know about a blockbuster court fight over Cuba's debt, Federal Reserve Chairman Jerome Powell tests positive for Covid, Wholesale prices fell 0.5% in December, much more than expected; retail sales fall, As China reopens and data surprises, economists are starting to get less gloomy, Time for the Fed to declare victory on inflation? 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