Monday, November 18, 2013

Janet Yellen Shames Congress For Austerity, Being Terrible

http://www.huffingtonpost.com/2013/11/14/janet-yellen-congress_n_4275572.html Due 25 November 2013 at 6am. Who is Janet Yellen?? Why does she contend that "belt tightening" is bad?? What does she think Congress SHOULD do?? What is austerity and why does it cause the FED to react in ways differently than the status quo?

Elizabeth Warren Slams Regulators for Keeping Banks "Too Big to Fail"

http://www.motherjones.com/politics/2013/11/elizabeth-warren-dodd-frank-too-big-fail-speech-regulators. Due 25 November 2013 at 6am. What is "Too Big To Fail?" Why is Elizabeth Warren concerned about it? How does she propose reducing the size of banks? What do YOU think should be done??

Tuesday, November 12, 2013

In Washington State, Home of Highest Minimum Wage, a City Aims Higher

http://www.nytimes.com/2013/10/14/us/in-washington-state-home-of-highest-minimum-wage-a-city-aims-higher.html?_r=0 Due 18 November 2013 at 6am. Cite the pros and cons of a higher minimum wage, according to basic economic theory: Where will people WANT to work? Why? Where will people FIND work? Why? What will happen to the businesses within Sea Tac? (be sure to look at the geography of Sea Tac) What will happen to prices? On the other hand, what will happen to the economics of people who DO find work in Sea Tac?

Billionaires Received Millions From Taxpayer Farm Subsidies: Analysis

http://www.huffingtonpost.com/2013/11/07/farm-subsidies-billionaires_n_4232739.html Due 18 November 2013 at 6am. Why do billionaires get into the farming business? Do they really NEED the subsidies? If we disallow subsidies to all farmers, what will happen to the food supply?? WHY?? (look at the supply curve and discuss incentives--also consider weather)

Monday, November 4, 2013

Marijuana Market Poised To Grow Faster Than Smartphones: Report

http://www.huffingtonpost.com/2013/11/04/marijuana-market_n_4209874.html. Due 11 Nov 2013. What are the economics implications of a growing marijuana market. Include comments on: federal tax revenue, law enforcement employment, reduction of price, prison costs, and blackmarkets......