Wednesday, August 26, 2020

Think You Know Economics? Take The Planet Money Summer School Quiz : NPR

Can you think like an economist? It's time to find out! Eight questions stand between you and a diploma-like certificate of economic achievement.

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Publisher: NPR.org
Date: 2020-08-26
Twitter: @NPR
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Quite a lot has been going on:

David Mitchell: The economics of reopening the arts - News - Times Reporter - New Philadelphia,

Imagine that the PAC is bringing "Your Favorite Band" to New Philadelphia. Depending on your preferences, the fee for "Your Favorite Band" is anywhere from $15,000 to over $100,000 for one performance. Let’s say that you have fairly modest tastes and the band is paid $25,000.

The PAC has 1,089 seats. Divide the band’s fee by the number of seats and that’s a reasonably priced $23 ticket.

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The band’s fee is just the beginning. The PAC employs stage crew; feeds and houses the members of "Your Favorite Band" and their entourage; rents extra equipment; advertises the show; and pays ticketing, music licensing, insurance and credit card fees.

Publisher: Times Reporter
Date: 7E15F9269E2CE66F2A488ABB04B5015E
Author: David Mitchell
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Arby's in Corinth Square permanently closes due to unfavorable 'business economics'

The Prairie Village Arby's in Corinth Square, 4100 W. 83rd Street, permanently closed on Aug. 22.

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A sign on the front door said the location permanently closed on Saturday, Aug. 22. The sign encouraged customers to visit a location in either Overland Park or Mission.

"The business economics of the restaurant were no longer favorable," the sign reads. "We appreciate your patronage over the years and hope you visit one of our other nearby locations."

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Publisher: Shawnee Mission Post - Community news and events for northeast Johnson County
Date: 2020-08-26T14:00:50 00:00
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Wasteland 3 impressions: Post-apocalyptic tactics, ethics, and economics | Ars Technica

When I got the chance to play a pre-release copy of inXile's post-apocalyptic RPG Wasteland 3 , I jumped at it. As a huge fan of RPGs in general and a backer of Wasteland 2 , getting to play the next game in the series for my job was an obvious no-brainer. For those who aren't already familiar with the series, it's a darkly humorous tactical battler, set in an alternate-universe post-apocalyptic America divided into widely separated fiefdoms and sprawling chaos.

If you're thinking "like Fallout , but turn-based?" you're not too far off—there are a lot of similarities between Wasteland's and Fallout's versions of post-WWIII America, including some hilariously retrofuturistic touches. But where Fallout's world seems to have sprung from the late '50s, Wasteland 's setting branches out from somewhere in the '80s.

Publisher: Ars Technica
Author:
Twitter: @arstechnica
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Check out this next:

Opinion: Economics show why politicians' mask mandates don't work

Most economic analysis assumes that people reap all the benefits and bear all the costs of their decisions. But what happens when that's not true? In particular, what happens when some of the costs of our decisions fall on the shoulders of others? This question is at the heart of the debate over mask mandates.

Refusal to wear a mask creates what economists call a "negative externality." We impose (externalize) some of the costs of our actions on non-consenting others. If I am contagious with the novel coronavirus, my refusal to wear a mask imposes costs on those around me.

Publisher: The Detroit News
Date: Opinion: Economics show why politicians
Author: Steven Horwitz and Donald J Boudreaux
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Nobel Prize-winning economist Michael Kremer to join UChicago faculty | University of Chicago News

Nobel Prize-winning economist Michael Kremer has been appointed University Professor at the University of Chicago, where he will join the faculty of the Kenneth C. Griffin Department of Economics .

University Professors are among those recruited at a senior level from outside the University, and are selected for internationally recognized eminence in their fields as well as for their potential for high impact across the University. Kremer will become the 23rd person to hold a University Professorship, and the 10th active faculty member holding that title.

Publisher: University of Chicago News
Twitter: @UChicago
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Miller: Avoid high energy bills | Economics | oanow.com

Not long ago, Energy Start published a report recommending that thermostats stay on 78 degrees. Energy Star is a government-backed program to assist citizens on keeping power cost down and helping the environment.

Thermostat temperature can be a touchy subject in households as many people have their own idea of a perfect setting.

You and your officemate might have differing opinions. I worked in an office right after college where I wore a sweater in July. The men wearing suits everyday thought the office was a perfect temperature. You and your spouse also might have different thoughts on this subject.

Publisher: OANow.com
Twitter: @oanow
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Economists weigh in on length of recession, COVID-19 relief efforts, November election |

A Pacific Business Group on Health survey found that 57% are waiting until circumstances change before they bring employees back.

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Each phase of pension plan termination involves numerous decision points and incredible amounts of data-crunching.

3 reasons why financial wellness is even more important today and 3 actions employers can take to get started.

Use these 6 cost-cutting tips to help your organization weather the pressures created by the pandemic.

Publisher: BenefitsPRO
Date: 2020-08-26
Author: Steve Salkin
Twitter: @Benefits_Pro
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