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Deborah Baillesderr

WE THE ECONOMY 20 Short Films You Can't Afford To Miss - 75 views

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    Economics is a tough subject to learn about, and this website aims to make it easier to understand. We The Economy is a great tool for teaching economics in a flipped classroom. Have students watch one video for homework, and discuss it together in class. Start with "What is the Economy" and make your way to "Supply & Dance, Man!" and "GDP Smackdown."
Cath Horan

RBA: Speech-The Economic Outlook - 8 views

  • world economy has continued its expansion
  • 2014 economic global growth is thought likely by major forecasters to be a bit higher than in 2013
  • growth is coming from the advanced countries
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  • United States continues its recovery led by private demand and over the second half of last year the economy expanded at an annualised rate of just over 3 per cent.
  • The euro area has resumed growth, albeit in a somewhat hesitant fashion and with noticeable differences in performance by country.
  • A few emerging economies have lately come under pressure,
  • In fact were the Bank of Japan (BoJ) to step up its current program of quantitative and qualitative easing, it would soon be adding more cash to the global financial system, in absolute terms, than the Federal Reserve.
  • China's economy grew close to, and in fact a little faster than, the government's target last year. Strong and about equal contributions to growth were made by household consumption and investment. Consumer price inflation continues to be stable.
  • Recent indicators have shown possible signs of slower growth in the early part of 2014: growth of industrial production slowed; retail sales and passenger vehicle sales moderated; and fixed asse
  • Australia certainly weathered the financial crisis well, and with a real GDP some 13 per cent larger than it was at the beginning of 2009, compares well with many other advanced countries. It is the case, though, that growth while positive, has been running at a pace a bit below its trend pace for about 18 months now. The rate of unemployment has increased by something like a percentage point over the same period.
  • strong conditions in the natural resources sector.
  • n the rest of the economy, households have spent most of the past five years behaving more conservatively, or rather more normally, than they did over a long period up to the mid 2000s when they had been in a very expansive mood. Both consumption and residential construction have been soft for a while.
  • esources sector's capital spending continues to fall, it
  • It is unlikely, though, that a pick-up in resources exports, as important as that will be, will be enough to keep overall growth on the right trac
  • Recent data shows stronger household consumption over the summer. The latest surve
  • bundant signs of confidence in the housing market
  • Measures of business confidence have improved over the past six months. Businesses seem, so far, to be taking a cautious approach to investment,
  • is important to stress that this outlook is, obviously, a balance between the large negative force of declining mining investment and, working the other way, the likely pick up in some other areas of demand helped by very low interest rates, improved confidence and so on, as well as higher resource shipments. The lower exchange rate since last April and the improved economic conditions overseas also help.
  • On inflation, our view is that it will be a little higher than we thought three months ago
Javier E

Money Cuts Both Ways in Education - NYTimes.com - 19 views

  • If you doubt that we live in a winner-take-all economy and that education is the trump card, consider the vast amounts the affluent spend to teach their offspring.
  • This power spending on the children of the economic elite is usually — and rightly — cited as further evidence of the dangers of rising income inequality.
  • But it may be that the less lavishly educated children lower down the income distribution aren’t the only losers. Being groomed for the winner-take-all economy starting in nursery school turns out to exact a toll on the children at the top, too.
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  • There is a lively debate among politicians and professors about whether the economy is becoming more polarized and about the importance of education. Dismissing the value of a college education is one of the more popular clever-sounding contrarian ideas of the moment. And there are still a few die-hards who play down the social significance of rising income inequality.
  • When you translate these abstract arguments into the practical choices we make in our personal lives, however, the intellectual disagreements melt away. We are all spending a lot more money to educate our kids, and the richest have stepped up their spending more than everyone else.
  • spending on children grew over the past four decades and that it became more unequal. “Our findings also show that investment grew more unequal over the study period: parents near the top of the income distribution spent more in real dollars near the end of the 2000s than in the early 1970s, and the gap in spending between rich and poor grew.”
  • But it turns out that the children being primed for that race to the top from preschool onward aren’t in such great shape, either.
  • “What we are finding again and again, in upper-middle-class school districts, is the proportion who are struggling are significantly higher than in normative samples,” she said. “Upper-middle-class kids are an at-risk group.”
  • troubled rich kids. “I was looking for a comparison group for the inner-city kids,” Dr. Luthar told me. “And we happened to find that substance use, depression and anxiety, particularly among the girls, were much higher than among inner-city kids.”
  • “I Can, Therefore I Must: Fragility in the Upper Middle Class,” and it describes a world in which the opportunities, and therefore the demands, for upper-middle-class children are infinite.
  • “It is an endless cycle, starting from kindergarten,” Dr. Luthar said. “The difficulty is that you have these enrichment activities. It is almost as if, if you have the opportunity, you must avail yourself of it. The pressure is enormous.”
  • these parents and children are responding rationally to a hyper-competitive world economy.
  • “When we talk to youngsters now, when they set goals for themselves, they want to match up to at least what their parents have achieved, and that is harder to do.”
  • we live in individualistic democracies whose credo is that anyone can be a winner if she tries. But we are also subject to increasingly fierce winner-take-all forces, which means the winners’ circle is ever smaller, and the value of winning is ever higher.
onepulledthread

review of Mike Rose's 2012 book Back to School: Why everyone deserves a second chance... - 0 views

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    Back to School demonstrates what education can  do, even though it was often earlier schooling that  let people down. . . . When we are at our best as a  society, our citizens are not trapped by their  histories. Sadly this possibility is shrinking, partly  because of a damaged an unstable economy but  more so because of our political response to the  economy. There are better ways to respond and to  foster the growth of a wider sweep of our  population. I hope Back to School points us in that  direction (p. xiii).
Dave Fones

Japanese Real Estate Bubble Recoverry? - 0 views

  • look at economic trends
  • it is becoming more apparent that we may be entering a time when low wage jobs dominate and home prices remain sluggish for a decade moving forward.
  • looking at the Federal Reserve’s quantitative easing program, growth of lower paying jobs, baby boomers retiring, and the massive amount of excess housing inventory we start to see why Japan’s post-bubble real estate market is very likely to occur in the United States.
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  • both economies had extraordinarily large real estate bubbles.
  • Massive real estate bubble (check) -Central bank bailing out banks (check) -Bailed out banks keep bad real estate loans on their books at inflated values (check) -Government taking on higher and higher levels of debt relative to GDP (check) -Employment situation stabilizes with less secure labor force (check) -Home prices remain stagnant (check)
  • the United States had never witnessed a year over year drop in nationwide home prices since the Great Depression.
  • home prices are now back to levels last seen 8 years ago.  The lost decade is now nipping at our heels but what about two lost decades like Japan?
  • the U.S. has such a large number of part-time workers and many of the new jobs being added are coming in lower paying sectors signifies that our economy is not supportive of the reasons that gave us solid home prices for many decades. 
  • young Japanese workers, some in their late 20s or early 30s, already resigned that they would never buy a home.
  • The notion that housing is always a great investment runs counter to what they saw in their lives.  Will they even want to buy as many baby boomers put their larger homes on the market
  • many of our young households here are now coming out with massive amounts of student loan debt.
  • Lower incomes, more debt, and less job security.  What this translated to in Japan was stagnant home prices for 20 full years.  We are nearing our 10 year bear market anniversary in real estate so another 10 is not impossible.  What can change this?  Higher median household incomes across the nation but at a time when gas costs $4 a gallon, grocery prices are increasing, college tuition is in a bubble, and the financial system operates with no reform and exploits the bubble of the day, it is hard to see why Americans would be pushing home prices higher.
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    Explains how Japan has responded to the breaking of their real estate market bubble and the effect it has had on Japan's economy
paul lowe

The Wealth of Networks » Chapter 1: Introduction: A Moment of Opportunity and... - 0 views

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    Yochai Benkler's wealth of nations book online Next Chapter: Part I: The Networked Information Economy » read paragraph Chapter 1: Introduction: A Moment of Opportunity and Challenge 1 Information, knowledge, and culture are central to human freedom and human development. How they are produced and exchanged in our society critically affects the way we see the state of the world as it is and might be; who decides these questions; and how we, as societies and polities, come to understand what can and ought to be done. For more than 150 years, modern complex democracies have depended in large measure on an industrial information economy for these basic functions. In the past decade and a half, we have begun to see a radical change in the organization of information production. Enabled by technological change, we are beginning to see a series of economic, social, and cultural adaptations that make possible a radical transformation of how we make the information environment we occupy as autonomous individuals, citizens, and members of cultural and social groups. It seems passé today to speak of "the Internet revolution." In some academic circles, it is positively naïve. But it should not be. The change brought about by the networked information environment is deep. It is structural. It goes to the very foundations of how liberal markets and liberal democracies have coevolved for almost two centuries.
Roland Gesthuizen

Why Investing In Girls Is The Smartest Move We Can Make - 25 views

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    "Lack of access to education and health care for girls around the world doesn't just hurt girls -- it hurts their families, communities and economies. Last month, UN Women released an infographic illustrating in numbers just how beneficial supporting young girls can be for a country's economy. "
Elizabeth Resnick

How Schools Can Teach Innovation - WSJ.com - 5 views

  • problems can never be understood or solved in the context of a single academic discipline
  • all courses are interdisciplinary and based on the exploration of a problem or new opportunity.
  • young innovators are intrinsically motivated. T
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  • The play is discovery-based learning that leads young people to find and pursue a passion, which evolves, over time, into a deeper sense of purpose.
  • Teachers need professional development to learn how to create hands-on, project-based, interdisciplinary courses.
  • Students should have
  • digital portfolios that demonstrate progressive mastery of the skills needed to innovate.
  • play, passion and purpose.
  • To succeed in the 21st-century economy, students must learn to analyze and solve problems, collaborate, persevere, take calculated risks and learn from failure.
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    To succeed in the 21st-century economy, students must learn to analyze and solve problems, collaborate, persevere, take calculated risks and learn from failure. 
Ian Jenkinson

Trading Around the World - 10 views

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    This game is good for investigating the global economy.
Cathy Stutzman

Op-Ed Columnist - The New Untouchables - NYTimes.com - 20 views

  • “Our education failure is the largest contributing factor to the decline of the American worker’s global competitiveness, particularly at the middle and bottom ranges,”
  • But those who have the ability to imagine new services, new opportunities and new ways to recruit work were being retained. They are the new untouchables.
  • Those with the imagination to make themselves untouchables — to invent smarter ways to do old jobs, energy-saving ways to provide new services, new ways to attract old customers or new ways to combine existing technologies — will thrive.
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  • the right education
  • So our schools have a doubly hard task now — not just improving reading, writing and arithmetic but entrepreneurship, innovation and creativity.
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    Article about public education and its role in fixing our economy through the teaching of entrepreneurship, innovation and creativity. 
Marc Patton

Digital Promise - Accelerating Innovation in Education - 39 views

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    Digital Promise is a bipartisan independent 501(c)(3) nonprofit corporation authorized by Congress "to support a comprehensive research and development program to harness the increasing capacity of advanced information and digital technologies to improve all levels of learning and education, formal and informal, in order to provide Americans with the knowledge and skills needed to compete in the global economy."
Nigel Coutts

Shaping the Curriculum - Exploring Integration - The Learner's Way - 17 views

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    After two days of talking about curriculum, integration, STEM, STEAM and HASS I am left with more questions than I started with. In some respects, the concept of curriculum integration is simple. It is after all something that Primary teachers almost take for granted. But for Senior and Tertiary educators the question of curriculum integration is inherently complex. At all levels questions emerge of what curriculum integration might achieve, what purposes it serves, what it could and should look like and how it should be supported by curriculum planners. In the current climate, with its debate around the role of education within an innovation economy, shaped by technology and confronting demands for a STEAM enabled workforce the shape of our curriculum is under pressure. 
Marc Patton

Online Instructional & K-12 Learning Solutions - SkillsTutor E-learning - 0 views

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    SkillsTutor solutions are a key component of a comprehensive student improvement program. They remove limitations on learning with targeted differentiated instruction, supplement the core curriculum, complement other instructional materials, and prepare students for success in today's global economy.
Roland Gesthuizen

Education Rethink: What Didn't Happen at #ISTE12 - 3 views

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    "I want to see teachers stand up and speak as passionately about democracy, social justice and critical thinking as they do apps and iPads. I want to see teachers tell stories, not just about student projects, but about how standardization is getting in the way of authentic learning. I want to see us recover a vision of education as the development of critical thinking citizens rather than the kickstart campaign for a lagging economy"
Roland Gesthuizen

Can We Prevent An Education Bubble? - Forbes - 45 views

    • Roland Gesthuizen
       
      Delivering quality education is more than about lowering costs. Any teacher that can be entirely replaced by a video or a computer, probably should be.
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    "Many media have finally recognized the education bubble and the potential that it may hurt our economy more than the housing bubble. However, two experts in the field of education know this and are trying to change the way we see education - Dr. Raymund Paredes and Salman Khan."
Amy Roediger

The Future Ready Project | The Future Ready Project - 26 views

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    Achieve's Future Ready Project is an initiative to promote and sustain college- and career-ready education policies in all states. We want to make sure all students graduate from high school with the knowledge and skills necessary to succeed in the 21st century economy.
anonymous

Why American Students Can't Write - Jobs & Economy - The Atlantic Cities - 1 views

  • We have overvalued personal expression
  • But good writers don't just do stuff. They know stuff. They have knowledge of the world that enlivens their prose and provides the ability to create examples and analogies. They have big vocabularies and solid command of the conventions of language and grammar. And if this is not explicitly taught, it will rarely develop by osmosis among children who do not grow up in language-rich homes.
Randolph Hollingsworth

"Promises" of Online Higher Ed: Profits - Campaign for the Future of Higher Education |... - 12 views

  • the burning questions focus squarely and exclusively on what will make money for particular companies
  • use their powerful brand reputations to get ahead of rapid technological changes that could destabilize their residential business models over the long-run
  • good credit news for elite institutions
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    on the revolutionary aspect of MOOCs to break down traditional barriers to higher ed as regularly stated by CEOs Koller and Thrun: "This rhetoric is perhaps the most glittery yet in the public discourse about online higher education. But it is also a diversion shifting attention away from the logic of profit-making. For parents, students, and the general public who focus primarily on what education means for people's futures, for social mobility, for a healthy economy and a robust democracy, a dip into the insider talk of MOOCs, their investors, and industry analysts is both instructive and disorienting."
Roland Gesthuizen

A Critique of Technocentrism in Thinking About the School of the Future - 33 views

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    "So we are entering this computer future; but what will it be like? What sort of a world will it be? There is no shortage of experts, futurists, and prophets who are ready to tell us, but they don't agree. The Utopians promise us a new millennium, a wonderful world in which the computer will solve all our problems. The computer critics warn us of the dehumanizing effect of too much exposure to machinery, and of disruption of employment in the workplace and the economy. Who is right? Well, both are wrong -- because they are asking the wrong question"
Siri Anderson

12 Facts Fact on Common Core | Stand for Children - 28 views

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    Disturbing data on our lack of preparedness for current economy...from mcKinsey.
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