Saturday, October 17, 2020

Lincoln Children’s Business Fair teaches kids about economics

LINCOLN, Neb. (KOLN) - Every year, twice a year, children get to harness their creativity and entrepreneurial side and go to the Lincoln Children's Business Fair. But for one family, this is more than a one-day event.

"It teaches all kinds of entrepreneurship skills," said Michelle Yallaly, event founder. "Handling money, what your cost is when you start a business, how the public might view your business or product if it's something the public needs."

Publisher: https://www.1011now.com
Twitter: @1011_news
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While you're here, how about this:

Media join the debate over the economics of a universal basic income | The Japan Times

Heizo Takenaka is currently promoting universal basic income, an idea that has been discussed in other countries as an alternative to conventional social welfare. | KYODO

As far as the belief that universal basic income leads to laziness , it’s difficult to imagine anyone in Japan surviving, much less thriving, on ¥70,000 a month. In isolated experiments overseas, universal basic income was implemented to help narrow the gap between rich and poor created by the free market system, but Takenaka’s plan would bolster job competition, thus potentially increasing economic inequality.

Publisher: The Japan Times
Date: 2020-10-17T19:58:38 09:00
Author: Philip Brasor
Twitter: @japantimes
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Stanford Professors Win Nobel In Economics For Understanding And Designing Auctions : NPR

Paul Milgrom and Robert Wilson will share the Nobel Prize for Economics this year. NPR's Scott Horsley reports.

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Publisher: NPR.org
Date: 2020-10-12
Twitter: @NPR
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Top World Bank economist says coronavirus pandemic morphing into 'major economic

The Wall Street Journal global economics editor Jon Hilsenrath on the coronavirus pandemic's impact on the economy.

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“This did not start as a financial crisis but it is morphing into a major economic crisis, with very serious financial consequences,” World Bank Chief Economist Carmen Reinhart told Bloomberg. “There’s a long road ahead.”

Publisher: Fox Business
Date: 2020-10-16
Twitter: @FoxBusiness
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And here's another article:

Free exchange - The Nobel prize in economics rewards advances in auction theory | Finance &

I N 1991 ALVIN ROTH , who in 2012 would share the Nobel prize for economics, was asked how the discipline might change over the century to come. "In the long term", he wrote, "the real test of our success will be not merely how well we understand the general principles which govern economic interactions, but how well we can bring this knowledge to bear on practical questions of microeconomic engineering." Sweden's Royal Academy of Science seems to agree.

Publisher: The Economist
Twitter: @TheEconomist
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The Hindu Explains | What did the 2020 Economics Nobel winners discover about auction theory?

Robert Wilson, left, and Paul Milgrom pose for a photo in Stanford, California on October 12, 2020. The two American economists, both professors at Stanford University, won the Nobel Prize in Economics for improving how auctions work. Photo: Stanford University via AP  

The story so far: American economists Paul R. Milgrom and Robert B. Wilson, both of whom teach at Stanford University, were awarded the 2020 economics Nobel Prize last week. This year's Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded to the duo "for improvements to auction theory and inventions of new auction formats". The Nobel Prize committee noted that Dr. Milgrom and Dr.

Publisher: The Hindu
Date: 2020-10-18T01:45:00 05:30
Author: Prashanth Perumal J
Twitter: @The_Hindu
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Export-Import Bank Pres.

Axios China reporter Bethany Allen-Ebrahimian on President Trump canceling China talks, President Xi facing widespread opposition in his own party and the U.S. warning colleges to divest from China stocks.

For more than a decade, the Chinese Communist Party has relentlessly attacked the American economy with tools ranging from intellectual property theft and forced technology transfer to widespread dumping and currency manipulation.

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The latest manifestation of the CCP’s economic aggression is the increasing use of export financing to distort fair and free-market competition.

Publisher: Fox Business
Date: 2020-10-16
Twitter: @FoxBusiness
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Tribal Casinos Keep COVID-19 Details Private While Juggling Economics, Safety | KPBS

Above: Two visitors wear face shields and masks while at a card table at the Sycuan Casino in East County, Aug. 14, 2020.

As many businesses remained under orders to stay closed during the coronavirus pandemic, tribes in San Diego County bucked recommendations from outside leaders and reopened their casinos with measures designed to limit the spread of illness.

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Public health officials have confirmed that more than 300 of the county's residents who contracted COVID-19 reported visiting a casino shortly before testing positive.

Publisher: KPBS Public Media
Date: 2020-10-16
Author: Camille von Kaenel Jennifer Bowman
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