WARNER ROBINS, Georgia (41NBC/WMGT) — More than 1,000 third graders met in Warner Robins in the name of economics.
For Market Day, students gathered from 19 Houston County Schools to buy and sell goods and services that they researched and created in the classrooms.
During the last ten weeks, students learned about economics, advertising, and the challenges of being producers and consumers.
While you're here, how about this:
Trump Administration Faces Economic Test as Coronavirus Shakes Markets - The New York Times
WASHINGTON — The global spread of the deadly coronavirus is posing a significant economic test for President Trump, whose three-year stretch of robust growth could be shaken by supply chain delays, a tourism slowdown and ruptures in other critical sectors of the American economy.
Stock markets have plunged this week on fears about the virus, with companies such as Apple and Microsoft among the most prominent businesses that have warned that supply chain disruptions could slow sales. Analysts said this week's declines were on track to be the steepest since the 2008 financial crisis.
Coronavirus spreads into European tourist hotspots - The Washington Post
In Copenhagen and Marseille, Maersk and CMA CGM, a pair of major cargo shippers, are watching orders on their Asian routes evaporate, casualties of Chinese factories that are still operating well below capacity.
And in Stuttgart, automaker Daimler, which employs nearly 174,000 German workers, warned the epidemic could mean "significant adverse effects on production, the procurement market and the supply chain."
"The economic effects of a severe pandemic could be as bad as those of the global financial crisis" of 2008, Capital Economics, a London-based research consultancy, warned clients on Wednesday.
The Economist Asks - What does it take to manage the world's biggest economy?
This may worth something:
Bloomberg - Are you a robot?
Anti-Trump actress calls for 'economic shutdown' to disrupt GDP for a day | Fox News
Actress Patricia Arquette called on her Instagram followers over last weekend to spread the word about an " economic shutdown" effort scheduled for March 2.
"March 2 there is an economic shut down [sic] action," Arquette captioned the post. "Don't purchase anything on this day."
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PATRICIA ARQUETTE FEARS WAR, URGES EVERYONE TO 'VOTE IN 2020' DURING GOLDEN GLOBES ACCEPTANCE SPEECH
Arquette posted images of tweets, which described the shutdown as a way to create a "1-day ripple in the US GDP." That same Twitter user said in another post: "Our goal is $238.2. billion the equivalent to one day of the US GDP."
Bank of America economist forecasts 'gloom not doom' for global economy - MarketWatch
A global recession can't be ruled out due to the COVID-19 virus epidemic, although for now that is not the forecast, said Ethan Harris, global economist at Bank of America, on Thursday.
The bank's economic team is forecasting "gloom, not doom" — with global growth slowing to a 2.8% rate, its worst performance since the financial crisis in 2009.
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In an interview with MarketWatch Harris said his forecast assumes the coronavirus is containable and China is able to get back to work without any additional outbreak of the virus. His base-case scenario also assumes that hot spots such as the one in Northern Italy will emerge in various parts of the world, but would not turn into a global pandemic that would shut down economic activity in many major cities.
Bartleby - When rank leads to rancour | Business | The Economist
I N DAVID MAMET'S film, "Glengarry Glen Ross", a group of American property salesmen are forced into a contest to maximise sales. The top two will get prizes; the bottom two will be fired. The play comes across as a critique of the corrupting effect of "dog-eat-dog" capitalism and putting performance above all else. But is competition between employees an effective way of improving overall outcomes for business?
Jan Woike, from the Max Planck Institute in Berlin, and Sebastian Hafenbrädl, of the IES E business school in Barcelona, try to answer the question in an article* for the Journal of Behavioural Decision Making . They tested whether performance ranking helped or hindered group effort.
Happening on Twitter
BREAKING: Federal judge dismisses downstream Hurricane Harvey claims stemming from controlled releases, says Army C… https://t.co/YIOSwrfZov stjbs (from Houston, TX) Wed Feb 19 01:21:31 +0000 2020
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