Classroom Economics
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Infographic: Breaking Down How Amazon Makes Money

Infographic: Breaking Down How Amazon Makes Money | Classroom Economics | Scoop.it
This infographic dives deep into the company's focus on customers, as well as its massive growth. In addition, it breaks down how Amazon makes money.
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Subway Closes 909 Stores In 2017: It's The "Beginning Of A Crisis"

Subway Closes 909 Stores In 2017: It's The "Beginning Of A Crisis" | Classroom Economics | Scoop.it
A Subway representative said that 909 locations have been closed in 2017, representing more than 3% of the chain’s 2016 U.S. stores. This is the second consecutive year that subway has closed hundreds of locations.
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Saudi Arabia Plans $2 Trillion Megafund for Post-Oil Era: Deputy Crown Prince

Saudi Arabia Plans $2 Trillion Megafund for Post-Oil Era: Deputy Crown Prince | Classroom Economics | Scoop.it
Saudi Arabia is getting ready for the twilight of the oil age by creating the world’s largest sovereign wealth fund for the kingdom’s most prized assets.
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Part-timers might account for labor-force surge

Part-timers might account for labor-force surge | Classroom Economics | Scoop.it
Circumstantial evidence in the latest U.S. jobs report suggests a large portion of newly employed workers since last fall have found part-time work with mediocre pay.
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China Tax on Overseas Purchases Set to Kick In

China Tax on Overseas Purchases Set to Kick In | Classroom Economics | Scoop.it
China is tightening its grip on cross-border e-commerce, imposing a new tax system on overseas purchases that form a growing business catering to Chinese consumers with an appetite for foreign goods.
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Jim Rogers: There's a 100% Probability of a U.S. Recession Within a Year

Jim Rogers: There's a 100% Probability of a U.S. Recession Within a Year | Classroom Economics | Scoop.it
But buy the greenback anyway.
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Labor Force Participation Improves; 93,688,000 Americans Not in Labor Force

Labor Force Participation Improves; 93,688,000 Americans Not in Labor Force | Classroom Economics | Scoop.it
In the past 12 months, the highest labor participation rate was 62.8 percent in February and May 2015; the lowest was 62.4 percent in September 2015, and that 62.4 percent was the lowest in 38 years.
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Payrolls in U.S. Surge While Wages Drop in Mixed Jobs Report

Payrolls in U.S. Surge While Wages Drop in Mixed Jobs Report | Classroom Economics | Scoop.it
Employers added more workers in February than projected but wages unexpectedly declined, dashing hopes that reduced slack in the labor market was starting to benefit all Americans.
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Mega train delivers Australian record - BBC News

Mega train delivers Australian record - BBC News | Classroom Economics | Scoop.it
Australia's longest-ever grain train has rolled across north-western New South Wales carrying 5,000 tonnes of wheat.
Mr. D's Social Studies Classroom's insight:

Here's a good example of economies of scale in logistics - and also one to think about re investment in capacity and aggregate supply capabilities. A drone has captured footage of the new mega train used to transport wheat across New South Wales in Australia. 

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Viral Video Shows the Extent of U.S. Wealth Inequality

Viral Video Shows the Extent of U.S. Wealth Inequality | Classroom Economics | Scoop.it
The issue of wealth inequality in the United States is well known, but this video shows you the extent of that inequality in dramatic and graphic fashion.
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Weak Global Economic Growth Linked To Oil Price Collapse | OilPrice.com

Weak Global Economic Growth Linked To Oil Price Collapse | OilPrice.com | Classroom Economics | Scoop.it
Oil prices continue to see downward pressure as not only concerns about the Chinese economy but concerns about the global economic health haunt traders
Mr. D's Social Studies Classroom's insight:

Most of us believe that falling oil prices is good for our economy, but that's not always true....

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The Price Elasticity of Demand for Patents

The Price Elasticity of Demand for Patents | Classroom Economics | Scoop.it
By Dennis Crouch In March 2013 the USPTO significantly raised the maintenance fee charges. Most pointedly, the 11 ½ year &helip;
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Super Bowl XLVIII Pricing: A Lesson In Demand Elasticity

Super Bowl XLVIII Pricing: A Lesson In Demand Elasticity | Classroom Economics | Scoop.it
NFL Commissioner Roger Goodell, Giants' co-owners Steve Tisch and John Mara, Jets owner Woody Johnson, David Tyree, former Jets player Emerson Boozer, former Jets player Curtis Maritn, CEO of the NY/NJ Superbowl Host Committee Al Kelly attend the 'Join The Huddle' Road To Super Bowl XLVIII Kick Off Mobile Tour [...]
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Walmart Nation: Mapping the Largest Employers in the U.S.

Walmart Nation: Mapping the Largest Employers in the U.S. | Classroom Economics | Scoop.it
Walmart employs 1.5 million people across the country - and the retail behemoth is now the largest private employer in 22 states.
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America's malls are rotting away

America's malls are rotting away | Classroom Economics | Scoop.it
Experts predict one fourth of malls will die in five years. Here's why.
Mr. D's Social Studies Classroom's insight:
How will this impact local, regional, and national economies?
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The 30-year-old prince who is changing the world

The 30-year-old prince who is changing the world | Classroom Economics | Scoop.it
Deputy Crown Prince Mohammed bin Salman has the world's ear after he elaborated on his plan for taking Saudi Aramco public.
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Job creation jumps in February, Obama celebrates

Job creation jumps in February, Obama celebrates | Classroom Economics | Scoop.it
The U.S. economy added a better-than-expected 242,000 jobs in February while the unemployment rate held steady at 4.9 percent.
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America’s million-doctor shortage is right around the corner

America’s million-doctor shortage is right around the corner | Classroom Economics | Scoop.it
The doctor Americans interact with most regularly is also becoming much more difficult to see.
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U.S. trade deficit widens as exports hit 5-1/2-year low

U.S. trade deficit widens as exports hit 5-1/2-year low | Classroom Economics | Scoop.it
WASHINGTON, March 4 (Reuters) - The U.S. trade deficit widened more than expected in January as a strong dollar and weak global demand helped to push exports...
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What recession? Job creation jumps in February

What recession? Job creation jumps in February | Classroom Economics | Scoop.it
The U.S. economy added a better-than-expected 242,000 jobs in February while the unemployment rate held steady at 4.9 percent.
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Animated map renames states for countries with similar GDPs

Animated map renames states for countries with similar GDPs | Classroom Economics | Scoop.it
VIDEO: California would have the 11th largest GDP in the world.
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Shut Down Price: Cheap imports force UK pig farmers out of business

Shut Down Price: Cheap imports force UK pig farmers out of business | Classroom Economics | Scoop.it
Glut of pork – thanks in part to Russian ban – sends prices plunging

Via Geoff Riley
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Geoff Riley's curator insight, January 17, 2016 5:26 AM

The Chinese economic slowdown, Russia’s ban on European food imports and cheaper pork products from other EU producers are combining to create a perfect storm for many of the UK's pig farmers.

 

It has become hard to make both ends meat, indeed on some estimates, pig farmers in the UK are making a loss of £7 or more on each pig reared. Many are leaving the industry and now more than half of the pork products bought in the UK come from imported meat. The industry is trying to find new markets for export, but there is inevitably a delay in achieving this.

 

The economic problems facing pig producers are similar to the crisis facing the UK milk sector. To what extent is there a case for state aid in some shape or form to help pig producers through the current crisis?

Mr Jones's curator insight, June 28, 2016 10:23 AM
Factors conspiring against UK pig farmers. Will Brexit make their circumstances significantly different?
Sam Chamberlain's curator insight, September 12, 2016 10:30 AM

Pig farmers have been directly affected by foreign alterations, specifically Russia's ban on imports from Europe due to sanctions which has hit the UK farmers hard and has caused the price of pork across Europe to fall. 

This is clear evidence of globalisation as UK farmers now sell in a global market in which they compete which farmers across the globe, which is the cost of accessing global buyers, you must compete with global suppliers. This problem is exemplified with some European nations undercutting the British producers selling at 90p a kilo when previously UK farmers were receiving £1.20.

The largest issue is the Chinese slowdown, as China is worth £70m to the UK pigmeat industry and less demand from across the world, leads to the scenario which has occurred, British Pig farmers losing around £7 a pig.

Government intervention must happen to stop the UK industry dying and Britain relying on imports to satisfy our pork needs.

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In charts: why oil prices are influencing global equity markets - FT.com

In charts: why oil prices are influencing global equity markets - FT.com | Classroom Economics | Scoop.it
Global financial markets are seemingly at the mercy of the oil price, with falls and rebounds in the commodity setting the tone for equities and other asset classes. How long this relationship continues will shape investment allocation decisions in
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With Doubled Fees, Tennis Court Permit Sales Plunge

With Doubled Fees, Tennis Court Permit Sales Plunge | Classroom Economics | Scoop.it
After doubling the seasonal fee, to $200, the city’s Department of Parks and Recreation saw a drop even more significant than expected.
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Coffee Cravers Ignoring Bean-Price Surge for Caffeine Fix

Coffee Cravers Ignoring Bean-Price Surge for Caffeine Fix | Classroom Economics | Scoop.it
Doreen Cappelli is so hooked on her morning cappuccino that she says she’d pay a lot more to get it.
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