The legacy of the Olympics: economic burden or boon?
Competition, sportsmanship, and national pride are the foundations of the Olympics, but how much do the Olympics cost the host city and country? What are some of the economic benefits and costs? Is the investment in the Olympics worth it in the end? Read about previous host experiences with the economic side of the Olympics in this month's Page One Economics Newsletter ?The Legacy of the Olympics: Economic Burden or Boon?? (see related graph: "Olympics-Related Temporary Increase in Employment"
myRA: A New Way To Save for Retirement
"It is never too early to start saving for your retirement." You've certainly heard this advice before. Is it good advice? Sure it is. Is it easy to follow? Maybe not. Many of us have more immediate expenses that get our attention and money before we think about retirement. Routine payments to buy a house, pay for college, or buy a car may make saving for retirement less of a priority or something you believe you can do later. Then there are those who barely make ends meet, who may also believe that saving for retirement is out of the realm of possibility.
Data Citations with FRED
FRED (Federal Reserve Economic Data) provides access to a wide range of time-series data from more than 100 sources. When using FRED to write reports or do statistical research, it is important to cite the source of the data you use: A complete data citation helps the reader find the data you use or reference. This article describes best data citation practices for new data users and serves as a reference for advanced data users.
College: Learning the Skills To Pay the Bills?
It?s often said that a college degree is the key to future success. Choosing to attend college is a major decision for young people. But why is a degree so important? This issue of Page One Economics examines two economic models used to study how education, productivity, and income are related.
“Dewey defeats Truman”: be aware of data revisions
The famous"Dewey Defeats Truman" headline illustrates the importance of timely and accurate data. Agencies that compute economic indicators for the $14 trillion U.S. economy face a tough challenge: providing up-to-the minute results and ensuring the reliability of the data. This month's Page One newsletter, "Dewey Defeats Truman": Be Aware of Data Revisions, explains why there is often a trade-off between these two factors and discusses the importance of data revision.
Higher gasoline prices: temporary or time to buy a hybrid?
Drivers may wonder whether the most recent spike in gasoline prices is temporary or will be longer lasting. Will prices eventually decline?maybe even to below $3 per gallon? Or is it time for drivers to alter their driving habits, maybe by buying a hybrid car? Be sure to read the September 2012 issue of Page One Economics Newsletter ??Higher Gasoline Prices: Temporary or Time to Buy a Hybrid???for a discussion of factors that might influence that decision.
On the Move: Renting Basics
Getting your own place is a major step toward independence and adulthood. It is often considered a rite of passage, and living successfully on your own helps build confidence. You can get started on a successful path through careful preparation and effective planning. Creating a realistic budget is important. Once you've started your search for a new place to live, weighing your options with important criteria will help you find the best choice. And when you sign a lease, make sure you clearly understand the terms so there aren't any financial surprises. Finally, if you maintain a good credit ...
Prices: the marketplace’s communication system
Remember when airlines started charging for checked bags? What happened to the number of checked bags after this added charge? And what happened to the availability of in-cabin storage space on planes? This month?s newsletter answers these questions and discusses the pivotal role price plays in a market economy.
Choices are everywhere: why can’t we just have it all?
As the Rolling Stones song says, "You can't always get what you want." So we make choices. Every day, governments and individuals choose how much money to spend and what to purchase. The January 2013 Page One Economics Newsletter, "Choices Are Everywhere: Why Can?t We Just Have It All?" discusses opportunity costs and scarcity and how they effect our spending decisions.
Financing Businesses and Public Projects with Stocks and Bonds
Stocks and bonds offer potential gains for investors, but they can also help fuel the economy. The October 2016 issue of Page One Economics: Focus on Finance explains how stocks and bonds can help companies grow, entrepreneurs start businesses, and governments fund public projects.