Economy and Economics

Education
7:09 am
Fri December 27, 2013

Student Investors Learning Real World Lessons

2013 was a good year on Wall Street, with many stocks breaking records.  Among those celebrating are 40 students at Washington & Lee University, who manage a portfolio of nearly two million dollars.  These novice investors have beat the S&P 500 more often than not. 

There’s no better way to learn than to do, and the Board of Trustees at Washington and Lee University has proven that point by giving a club of business school students the chance to invest a million bucks.  John Jensen, assistant dean of the Williams School, says trustees came up with the cash in 1997.

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20 Essential Habits
4:26 pm
Wed December 18, 2013

How to Succeed in Business by Actually Trying

There’s no doubt that today’s US economy is primarily a service economy. That means the new ‘goods and services’ now translates as plain, ‘good service.’

But not all businesses know how to make the most of their customers’ service experience.

We’re not talking about something as egregious as an employee chatting on a cell phone during your transaction or other clearly rude behavior, but with so much riding on the service in our service economy, it’s the little things that make all the difference. 

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Averting a Shutdown
8:20 am
Thu December 12, 2013

Budget Deal: A Good Thing for Virginia?

Credit Alex Wong

The bipartisan budget deal reached in Congress is expected to bring a lot of relief to the commonwealth of Virginia, though Virginia lawmakers still say it isn’t perfect.

Fear of another government shutdown early next year is dissipating here at the Capitol. The agreement increases federal spending by about forty five billion dollars, sets spending levels for the next two years and offers federal agencies some relief from sequestration. Virginia Republican Congressman Randy Forbes says is giving the agreement muted praise.

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Economics & Economy
3:00 pm
Wed December 4, 2013

Living Wage Job Gap

Virginia Organizing is out with its annual Job Gap report.  The report compares the number of job seekers to the number of jobs that pay a living wage. 

 

Jill Reese, with “Alliance for a Just Society” says living wage jobs are few and far between.

“Over half of job openings in Virginia pay less than $18.59 an hour.  That’s the living wage for a single adult.  More than four out of five pay less than $34.27 an hour-the living wage for a single adult with two children.”

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Economics & Economy
12:10 pm
Tue November 26, 2013

VT Students Help Consumers Fight Forced Labor with Informed Purchases

University Honors students, from left, Kwamina Orleans-Pobee, Nicholas Montgomery, and Wes Williams want to make their tool, AboliShop, available for public use for Black Friday shoppers.
Credit Virginia Tech

It’s estimated some thirty million people around the world are forced into slave labor. And while there’s been an international outcry, it was hard to know what labor conditions are behind the products you buy.

Now a team of students at Virginia Tech has come up with an easy way for online shoppers to see how their purchases stack up on the human rights scale, before they buy.  

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