Amitrajeet A. Batabyal, Rochester Institute of Technology, Cline Louche, Audencia and Timo Busch, University of Hamburg, Chris Doucouliagos, Deakin University and Tom Stanley, Deakin University, Xavier Rousset, Universit Paris Cit; Octavio Escobar, PSB Paris School of Business, and Rgis Chenavaz, Kedge Business School, Warwick Smith, The University of Melbourne, Khaled Soufani, University of Cambridge; Mark Esposito, Harvard University, and Terence Tse, ESCP Business School, Adjunct Senior Lecturer in Economics, University of Adelaide, University Associate, School of Economics and Finance, University of Tasmania, Professorial Fellow, University of Canberra, Research economist, The University of Melbourne, Professor of Fourth Industrial Revolution & Global Shifts, Arizona State University, Lecturer in Economics, Lancaster University, Senior Faculty in Management Practice (Finance) at Cambridge Judge Business School, University of Cambridge, Professor of Organizational Psychology, University of Leeds, Distinguished Professor, Arthur J. Gosnell Professor of Economics, & Interim Head, Department of Sustainability, Rochester Institute of Technology, Professor of Economics, Department of Economics, Deakin Business School and Alfred Deakin Institute for Citizenship and Globalisation, Deakin University, Doctorant en conomie, Universit Paris Cit. Workers have been hesitant to rejoin the workforce during the pandemic and, with an aging population, retirements are up. Are tech job cuts a warning for the wider economy? Liam says: I am motivated to better explain basic, Microeconomics explains why people can never have enough of what they want and how that influencespolicies, Albanese promises a productivity project in an economic vision statement harking back to Hawke andKeating, Debate: How financial initiatives that tackle global warming can make a realimpact, Vital Signs: the power of not being tooclear, The internet has done a lot, but so far little for economicgrowth, Five ways to fix the UKs productivity puzzle from the insideout, From Chinese milk to Indian chocolate, behind the worlds, How data empowered the economic individual and gained a Nobel for AngusDeaton, When it comes to economic forecasting, its wise to admit touncertainty, Media broadcast rights and the Prisoners Dilemma(VIDEO), The economics of comparative advantage and Usain Bolt(VIDEO), The economics behind inelastic ticket pricing(VIDEO). Bring The Times to Your Campus Campus Subscription Options The U.S. economy added 517,000 jobs in January according to the jobs report, which was much higher than economists estimated. The theory of production in the new era. Questionably, most forecasters are predicting future growth to slowly revert to pre-pandemic levels by 2023 or 2024. 1/13/2021 - Democrats, 10 Republicans Vote for 2nd Impeachment Against Trump - The Epoch Times. PREVIEW: Glenn Hubbard - Current Events, Your . 8 Nov 2022. These factors, coupled with the continued threat of the pandemic and rising global political tensions, indicate a lot of risk and uncertainty in the economic climate, which business leaders must manage. Here are the top five economic concerns for next year and how they could potentially play out. Inflation was still hot in January, but some prices are cooling off Household debt hit record $16.9 trillion last quarter, as consumers loaded up their credit cards Highlights Producer prices rose. Global economies are still subject to the shockwaves caused by the initial rout of Covid-19. Liam Lenten presents Part 5 of Some Sports Economics. Got a confidential news tip? 1113 Social Science and Humanities Blue room. Advertisement. Read about our approach to external linking. A Division of NBCUniversal. More Than 400,000 People Have Successfully Filed for UC Benefits Using New System. Although output and investment in advanced economies are projected to return to pre-pandemic trends next year, they . The Parade of Inequality: Investigating Exacerbated Disparities, The Fundamental Problem with US Environmental Policy, The Baby Buster Generation and the Economics of Fertility. This is compounded by the fact that five million people have left the U.S. job market since the pandemic began; in addition, a record 4.4 million people voluntarily left their jobs in September. One can even equate this scenario to the shortage of masks and other PPEs during the outbreak of the COVID-19 pandemic. Copyright 2022 Berkeley Economic Review. The 10 Most Popular Articles in 2021 (So Far) Leading through change, hybrid work environments, and developing strategy for the post-pandemic era are among the most popular topics for readers in recent months. 6 Things We Learned from Prohibition . Current Events . There are large risks of negative consequences ultimately materializing if the Fed fails to react appropriately to the current rise in inflation. Steven A. Altman. The Price of Repaying Student Loans for 10 Years Instead of Investing . As a result, students cannot present topics that can earn them top grades in class. The Juice is an online news source designed for kids from fifth through twelfth grade. Read more Econ Collection; Videos & activities: So Expensive Series; . Now, the current economy is unprecedented, with strong growth, rapidly falling unemployment, and high inflation, but also a rapidly rising money supply, growing government debt, and an ongoing pandemic. Not only is this a humanitarian issue, but it could also disrupt supply chains if spiking Covid cases in certain economies spread around the world, further disrupting production and generating inflation. To assist all candidates looking forward to appearing in competitive exams, we bring to you the list of important current affairs topics that have been in news in 2021 and 2022. HARRISBURG, PA - Department of Labor and Industry (L&I) Acting Secretary Jennifer Berrier announced that more than 400,000 people have successfully used Pennsylvania's new Unemployment Compensation (UC) system, roughly the . One cannot understand current inflation without taking into account the growth in the U.S. money supply. With new articles each week, Youngzine is another great resource for texts to share with students. Counterintuitively, vague incentives are often stronger than clear ones. Specify what you want, and that might be all youll get, whereas if you are vague. The latest job opening figures by state shed light on the status of the labor market. Not yet, Consumer prices fell 0.1% in December, reflecting a slowdown for inflation, World Bank makes big cut to its 2023 growth outlook, warns on possible recession, France's government outlines plans to raise retirement age despite years of pushback, Consumers see inflation, and spending, cooling off, New York Fed survey shows, U.S. unemployment rate falls in December, but rises for Black women, Hispanic men, Nonfarm payrolls rose 223,000 in December, as strong jobs market tops expectations, Private payroll growth surged by 235,000 in December, ADP reports. This is absolutely possible. Have Biden's economic plans hit the buffers? Some economists disagree. More cost cuts are coming as companies play defense on profit margins, CDC advisors recommend mpox vaccine for at-risk adults in future outbreaks, Flu shot 68% effective against hospitalization in kids, less protective for seniors. As I discussed previously, it remains to be seen if inflation is a temporary phenomenon, mitigating in 2022 as the Federal Reserve projects, or if we are entering a sustained period of escalating prices. In January, we projected 2021 global growth at 5.5 percent, but prospects of a stronger recovery are emerging - because of additional fiscal stimulus, especially in the U.S., and the prospects of broader vaccination. Beginning Day. With questions at the end, each article can be used as a case study or simply to ignite a discussion with your economics students. The move seeks to help more women join the work force as industry leaders complain of labor shortages. Major principles of the economic welfare theory. Get this delivered to your inbox, and more info about our products and services. Taking the biscuit. Tim Smart Feb. 24, 2023 The. Thank-you for your submission. Articles, videos, lesson ideas, and workshops to help you bring current events into your financial literacy instruction. My teacher assigns a current event every week and most students are confused on what topic to choose and I told them about this website. Ignore the gloom around prospects for emerging markets. Reports of their inevitable collapse are greatly exaggerated. In his second vision statement Albanese says he wants to pursue his productivity project, and paints himself as a fiscal conservative well removed from Bill Shortens tax and spend approach. Theory of firm under perfect competition. Retailers are testing their leverage with suppliers as more shoppers seek cheaper alternatives to name brands, but near-term relief isnt likely. But economists say Moscow won't drain its war chest any time soon, Lawyer may have saved Biden's student loan forgiveness plan at Supreme Court, Key Georgia election official rips Marjorie Taylor Greene 'conspiracies' after tense meeting, A psychology expert shares the 7 toxic signs of 'highly insecure' peopleand how to deal with them, I've helped people land 6-figure salariesthese 5 job interview phrases got them hired 'on the spot', Russian mercenary boss says 'fierce resistance' in Bakhmut; Kyiv says fighters face 'insane pressure', U.S. inflation is likely 'far stickier' and could last a decade, Bill Smead says, Inflation report due Tuesday has the potential to deliver some bad news, Here's where the jobs will be during the rolling recessions, Black women are gaining ground in labor market but still face unique barriers, Heres where the jobs are for January 2023 in one chart, Jobs report shows increase of 517,000 in January, crushing estimates, as unemployment rate hit 53-year low, ADP: Private payroll growth slowed to 106,000 in January as weather hit hiring, Important wage inflation measure for the Fed rose less than expected in Q4, Euro zone economy posts surprise expansion in the fourth quarter, curbing recession fears, IMF hikes global growth forecast as inflation cools, household spending holds, Key Fed inflation measure eased in December; consumer spending also declined, U.S. GDP rose 2.9% in the fourth quarter, more than expected even as recession fears loom, Here's what you need to know about a blockbuster court fight over Cuba's debt, Federal Reserve Chairman Jerome Powell tests positive for Covid, Wholesale prices fell 0.5% in December, much more than expected; retail sales fall, As China reopens and data surprises, economists are starting to get less gloomy, Time for the Fed to declare victory on inflation? 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