“Kim Jong Il was, indeed, a peerlessly great man who breathed his last
like a hero, totally dedicated to the people, making endless forced
marches for field guidance for their happier life with iron will and
The best writers in Hollywood could not make this stuff up if their lives depended on it.
As your people have grown smaller and hungrier you somehow managed to keep the pot belly and exotic sunglasses.
Look at everyone wailing awayon camera. So upset that you have decided to take your wisdom and juche spewing nonsense to another place. Don't kid yourself. None of them really mean it. It's all a show.
South Central Middle School in Bartow County is in the house! A team from that school took home 1st place in the 2011 fall Stock Market Game simulation with a final portfolio total of $214,477.21. Not bad for a ten-week stretch of time.
And in second place, a team from none other than South Central Middle School in Bartow County with a portfolio total of $207,427.67.
Major congratulations to both teams, and teacher Jason Kornegay, for the huge wins. We will be seeing Jason and his students at the Atlanta Freight Depot in May for the yearly Stock Market Game luncheon.
Thank you to all of the students and teachers who participated this fall. We will see you again in February for the 2012 spring Stock Market Game simulation.
"...I'd be rich." Everyone remembers that classic song from Canada's very own Barenaked Ladies right? Well, have you ever wondered what the items in that song would look like on an infographic? Of course you have.
Ever find yourself sitting around on a Sunday morning wondering how much more it costs to own a doginstead of a cat? Or maybe you sometimes think about the differences in the amount of money we spent to fight the Vietnam War vs. Persian Gulf War?
This really great infographic (you can buy it in poster form) right here has the answers to your questions.
Big tip of the Econblog hat to Erin in Athens for sharing this one.
Georgia's unemployment rate is still stuck in the high 9's. What to do? How about we bring back good old Pecan Pete? People get hooked on these things and Georgia's pecan farmers will be in the money. Soon they will will be out buying new tractors, new Ford F150's and maybe even some new pecan tree shakers.
Just imagine what kind of impact this would have on numerous Georgia businesses? I can almost see it now, citizens of this state from Lenox to the Lenox Mallwill see the wisdom of planting pecan groves on every square inch of arable land.
Before we know it our unemployment rate will be as low as North Dakota's.
With the race for the 2012 White House already in full swing, finding a presidential candidate saying he or she can "fix" the economy is about as easy as finding an angry protestor near Wall Street.
This plan will cut the debt in half. That plan will bring the unemployment rate down to 4%. The plan over there involves the number nine a bunch of times and it promises to put a man on Mars before Christmas while creating economic prosperity not seen since the days of Martin Van Buren!
Are any of them telling the truth? Can a president really even "fix" the economy all by himself? Ladies and gents, I give you this. A tale of the tape of sorts.
How does a rock star get paid these days? If I'm sitting in the global HQ listening/watching an Arcade Fire song on YouTube how much $$$ is the band pulling in? Is it still profitable for SONY Records to sell an actual CD? Does Apple get a bigger cut of that Matthew Good song than Matthew Good himself? Is Neko Case(greatest singer of all time) getting a cut when I hear her 77 times on Pandora?
All of these questions, and more, answeredright here.
Me: So, Mr. EconBlog, what has been the most exciting thing to happen around your office in the last three years? Was it the first ever GSU football pep rally? Was it the recent Occupy Atlanta protests? Was it the time the MARTA police got to business on that guy brandishing that gun in Woodruff Park?
EconBlog: Those are all good choices but none compare to the recent addition of what I like to call "Food Truck Wednesday."
Me: Food Truck Wednesday?
EconBlog: Oh yes. Each and every Wednesday a collection of Atlanta food trucks bring their goods to Underground Atlanta. Couple bucks and you are eating like a king.
Me: Atlanta has food trucks?
EconBlog: Indeed. Awesome food trucks to be more specific. One week I'm eating spicy pork burritos the next I'm wolfing down some amazing fries from the fry guy. The cool kids call it "epic."
Me: Nice. Wait, why are we talking about food trucks on this here economics blog?
EconBlog: Entrepreneurship. These people are living the American dream. Come up with a great idea, invest in a truck, give the people what they want and compete for my dollar. Totally great to see the free market do its thing.
Me: Sweet. Where can I find out more about Atlanta's food truck scene?
Great graphic from the Economist that shows how many Americans have drastically changed their spending habits since the economy decided to dive deeply into the gutter. On the one hand, processed vegetable producers must be absolutely thrilled with the direction of the economy, while on the other hand, manufacturers of new cars and trucks must be feeling rather numb.
One silver lining of a rotten economy...spending on tobacco products has dropped significantly. A silver lining to everyone but tobacco producers that is.
While out and about doing workshops Econblog #1 has been fielding more and more questions about China from teachers concerned with a number of things China-related. Specifically, teachers are asking when China is finally going to own the entire United States of America. The usual Econblog #1 response to this line of questioning...Fear not brave teachers, China has a long way to go before they own your school, your car, your pet dog Larry.
Yes, China is growing rather quickly and they are investing more and more in the United States. But you know what? They don't just have eyes for us. They are in fact investing heavily in many parts of the world. Don't believe me? Take alook at this.
Thanks to Newsweek you now have the opportunity to share some interesting facts and figures with your students. $75.00 to park at a Cowboys game? $13.00 for a hot dog at a Lions game? $2.8 million for a 30-second Super Bowl ad? I should have bought the Falcons when I had the chance.
And they're off! Today we begin the Stock Market Gamesimulation...fall 2011 version. Over the course of the next ten weeks students and teachers from all over the state will invest a hypothetical $100,000 in stocks, bonds and/or mutual funds to see who can create the largest portfolio.
Best of luck to the 4,000+ teams participating in the simulation.
Hands up. Who's going to the GCSS Conference in October? The Georgia Council will be in the house. This year we are offering three action-packed sessions that will knock your socks off.
Session one (high school): "Teaching Economic Crises" will examine the causes of our current economic "unpleasantness."
Session two (middle school): "Teaching Financial Fitness for Life" will showcase numerous lessons from the new and improved FFFL publication.
Session three (elementary school): "Biographies of Great Americans" is your chance to see the latest GCEE publication, a series of lessons that highlight the economic lives of the people who show up in the K-3 social studies GPS.
Timely post right after Labor Day. So how many hours do you work each day? Do you work more than the average Dane? Less than the average German? How do your work hours stack up against the average Japanese worker?
Look right here to see where you, the average American worker, falls on the "Standard Work Hours Around the World" list.