Archive for June, 2011

$1 Billion That Nobody Wants : NPR

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I knew Greece was in trouble but this article made me go WOW. I almost put this in WTF but I figured they wouldn’t read the whole thing.

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Arlington has 2nd highest average wages in US, after Manhattan, where the average wage tops $100,000

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U.S. Consumer Confidence Hits Seven-Month Low

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The Problem is Central Banking not Fractional Reserve Banking

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Five economic lessons from Sweden, the rock star of the recovery

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Tutoring economics to a group of middle schoolers in an afternoon program, and one student asked if currency is like a country’s stock. Is that a fair analogy?

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The kids are primarily inner-city school children. Their ability to grasp equity and shareholding was impressive. I’m trying to run with it if I can.

Exchange rates were pretty easy to explain using the analogy, as was the role of gold and commodities during economic cycles. The big challenge is going to be explaining how governments control the supply of currency and how that influences domestic and international markets. If I can explain how this is done within companies, I can draw upon similarities and differences between how it’s done in countries.

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Life and Debt: How the IMF strangled Jamaica

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The Lawyer surplus, by state:

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The Default Monster Cometh

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Boring but important: Investment banks must have their capital requirements raised.

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This is our high school course for Economics for Yrs 10-11 (notes compiled by fellow students)

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The word in the world of independents is that the shale plays are just giant Ponzi schemes and the economics just do not work

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Economic Freedom

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Home prices in first rise after 8 months of declines

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The US dollar will lose its status as the global reserve currency over the next 25 years, according to a survey of central bank reserve managers.

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Is Education a Public Good?

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embezzling more than $19.2 million from Citi

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Full breakdown of Greek government austerity measures

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Invitation from 141 economists to join the World Economics Association – Join the team!

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