Posts Tagged: economy

Trouble Ahead? Bad Economic Week

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Are we headed for a recession? Questions: What is the opinion of Goldman Sachs’ CEO? What did JPMorgan Chase’s CEO say? What did Elon Musk say? What is your opinion and why? Source: Mui, C. (2022). More than 60% of executives think a recession will hit soon, new survey finds. Fortune, June 17 (Retrievable online… Read more »

Striketober

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According to the Washington Post, Striketober is upon us, with factory workers, nurses and school bus drivers among the thousands of Americans who walked off jobs in October. Questions: According to the article, what are some of the reasons for so much striking? Is there any linkage between the “Great Resignation” and the increased striking?… Read more »

The New Retirement Model

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According to the Washington Post, well-off Americans retiring early while balancing the economy with health concerns and drawing on federal stimulus funds, market gains, and equity from skyrocketing home values. Questions: What unusual trend is happening along with the early retirement course? When does Social Security allows most people to enroll for retirement payments? According… Read more »

Big Woes for the Cavendish Banana

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While the popularity of the Cavendish banana that you buy at the grocery store is on the rise, there is a disease that is threatening its extinction. Questions: Why might the most popular bananas go extinct? Which country economies depend on the banana? What percentage of bananas exported to supermarkets around the world are of… Read more »

Box Office looking up!

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According to CNBC.com, ticket sales have been accelerating, inspiring some studios to move up the release dates of blockbuster films to earlier in the year. Questions: How does the current box office sales compare with the period before COVID closed down the economy? What percentage of North American theaters are now open? What is the… Read more »

Is the Power of Boredom Reshaping our Economy?

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According to the New York Times, due to the pandemic, tedium is reshaping what people buy and how productive they are. Questions: What are some of the economic consequences of the pandemic that are noted in the article? The author of this article describes the pandemic as producing a collective sense of ennui. Define the… Read more »

Brave New World: What Will We Lose?

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According to this article, there are 9 everyday experiences that we may not see again. Questions: What are these 9 experiences? Are any of these experiences economically essential? Explain. Which experience do you least agree with as being extinct? Why? Which experience would you add to this list? Source: Pincus-Roth, Z. (2020). 9 everyday experiences… Read more »

The Big Divide

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Men feel better about the economy than they have in over a decade. Women are far more skeptical. And the sharp divide has emerged since President Trump was elected two years ago. Questions: 1. What is the divide between men and women in terms of percentages that believe family finances had improved in the past… Read more »

Now you see it, now you don’t…Presto!

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According to Axios, there was a 17% drop in international students in the U.S. last year, mostly due to the 28% decline in Indian students and a 24% decline in Chinese students receiving visas. Questions: 1. Is the trend in international students attributable to President Trump’s immigration policy changes and rhetoric? Explain. 2. What are… Read more »

Puerto Rico is Bankrupt!

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Puerto Rico has been facing huge debts and population loss for some time. However, in a historic move that will likely trigger a fierce legal battle, the island territory declared bankruptcy. Questions: 1. According to the article, what were the main debts it listed in its filing? 2. How many jobs and what amount of… Read more »