“Education for Real Life”

Volume 12, Issue 2 August 2012

Economics Board Officers Golden Jubilee for Economics Arkansas and Executive Committee Members To prepare for our 50th Anniversary celebrations, we’ve been rummaging through anything archival in our office to get a better feel for what things Diane Tatum were like in 1962. Thankfully, Bessie B. Moore kept detailed scrapbooks of Chairman of the Board Bob Watson photos, newspaper clippings, President letters, notes, and much more, Ray Hobbs so we came across lots of treas- Vice-Chairman ures. One of the gems we found Dr. Kieth Williams is the photo right, showing Vice-President Bessie holding up a $10,000 Lou Graham Immediate Past Chairman check that was presented to her Dr. Jim Rollins by these business leaders. It Immediate Past President represents the very first fund- Allison Richardson ing the Arkansas State Council Treasurer on Economic Education (our Dr. Jane Wayland initial name) received. Secretary David Walt VP/Agriculture The story of how Bessie raised Melinda Faubel those funds is testimony to her VP/Business, Industry legendary powers of persuasion: Sen. Johnny Key It was the spring of 1962. No One locked door has led to the opening of VP/Government money had been made available to millions of others! Shane Broadway VP/Education send 52 teachers to out-of-state

universities to attend summer training workshops in economics. Bessie in- David Dunn vited 23 business leaders and bankers to the Marion Hotel, locked the doors David Humphrey and explained the problem. Within one hour, she had her required sum of Luke Gordy $10,000. The teachers were on their way, and Arkansas was on its way to Bob Harper Robert Hopkins develop the finest economics education program in the country. Bruce Munro Dr. Tony Prothro We invite you to find out what else we have Chuck Spohn discovered, and what we are celebrating as Dr. Lisa Toms 50 Years we are turning 50! For your personal read, pick Jim Walton up our commemorative anniversary journal in the September issues of the Arkansas Business and the Northwest Inside this issue: Arkansas Business Journal. See below for the applicable dates.

Lifetime Board Members 2 On November 8, Economics Arkansas will be celebrating its Golden Jubilee and honoring nine Lifetime Board Members (see article Page 2). “Double Your Impact!” 3

High School Economics 4

Get R.E.A.L.! 5

Awesome Trivia 6

TIPS Corner 7 September 10, 2012 September 17, 2012 Leadership is Our Economic Education Legacy Advocate Award

Sue Owens, Executive Director The Federal Reserve Bank of St. Louis— other states with, or considering, manda- I wrote about our 50- Little Rock Branch is being recognized as tory economics classes. year Anniversary in the our Economic Education Advocate this There are also other benefits when we March newsletter, and I quarter! Robert H. Hopkins serves as the partner with the Fed, such as saving re- plan to continue as there Regional Executive for the Little Rock sources with traveling together, so truly, is so much to share! We branch and is also an Economics Arkansas our partnership is a win-win situation! recently discovered a board member. The Federal Reserve Bank Most recently, Economic Education Spe- program for an economic is very supportive of economic education cialist Kris Bertelsen presented at Eco- and has partnered with us for many years. education banquet held nomics Arkansas’s 1st Economics and Some collaborative projects have Personal Finance Education Con- in July of 1963 with Henry Ford II, included standards and activity- ference (see page 5). In addition Chairman of Ford Motor Company based economics workshops, an to presenting three educational serving as our keynote speaker. Mr. annual Economic Concept Calendar sessions for teachers, Kris also Ford stated the following during his competition for K-8, the Personal staffed a display table to provide presentation: Finance Challenge and most re- information about resources the

“Your efforts to eliminate economic cently, the Arkansas Economics Federal Reserve Bank has avail- illiteracy through the workshops on Challenge. Each of these events able to teachers at no cost. Kris has advanced the Federal Reserve has also partnered with us all Economics are only one among many Bank’s goal of equipping teachers with summer to present training and programs examples of the progressive attitudes resources to address the economic stan- to teachers in educational cooperatives. of your business, political, and edu- dards in a way that engages students Economics Arkansas has enjoyed a 50- cational leadership. Whether from through active participation. year history of training teachers, and the viewpoint of good citizenship, or Since the state of Arkansas recently through our valuable partnership with the from the viewpoint of individual in- adopted the requirement that high school Federal Reserve Bank, we provide a terest, ignorance of the basic facts students take a semester of economics “superpower” of teacher resources and and principles of economics is a before graduating, the St. Louis Fed and training, including more technological com- grave handicap. It is good to know Economics Arkansas have joined together ponents such as on-line courses, plus in- the state of Arkansas is taking such again to ensure that technology in eco- teractive lessons available for download. vigorous steps to expand and improve nomic education and St. Louis Fed materi- The Federal Reserve Bank of St. Louis the teaching of economics to its als are components of the high school and its Little Rock Branch are strong advo- students.” coursework. The aim is that this partner- cates of economic and financial literacy, ship and curriculum will be a model for and we celebrate our partnership! It has become very clear to me through many weeks of researching our 50-year history; the leaders in Lifetime Board Members 1962 who formed our organization shared a vision to improve individual The following individuals have served on the Economics Arkansas Board of lives and to improve the state of Ar- Directors for 25 years or more: kansas through economic education training. We are deeply grateful to Jim Wooten 33 years Beebe, AR our leaders stemming back to 1962 Jim Walton 29 years Bentonville, AR and for those currently serving today. Jim Rollins 28 years Springdale, AR Bill Fisher 28 years Paragould, AR In honor of our 50th Anniversary, we are recognizing nine individuals Rogers Ford 26 years Joiner, AR who have served or are still serving 25 Benny Gooden 25 years Fort Smith, AR years (or longer) on our board of di- Bob Watson 25 years El Dorado, AR rectors with Lifetime Board Awards. (See listing on the right.) The awards Those being posthumously recognized: will be presented this fall at the Gov- ernor’s Mansion. Thanks to their Mike Wilson* 29 years Wilson, AR leadership and that of so many others, Leonard Dunn 27 years Little Rock, AR we have enjoyed consistency, a clear vision, and unwavering support for our mission. *also served as a board member of the National Council on Economic Education

Page 2 The Fourth “R”

Program 2012 EconChallenge Winners! Calendar The State Finals for the 2012 Econ- Challenge were held April 12, 2012, at the Riverfront Hilton in North Little August 13, 2012 Rock, AR. Nine teams competed, repre- In-service—Arkansas History senting Genoa Central High School, Crossett School District Huntsville High School, Little Rock Christian Academy, Marion High August 14, 2012 School, and Watson Microeconomics HS Module and Chapel Junior High School. Virtual Economics 4.0 workshop The winners of both the Adam Smith Little Rock School District and David Ricardo Divisions were from Little Rock Christian Academy. David Ricardo Champions! August 15, 2012 This year, a student from each division Stock Market Game - was named “Economics Student of the Advanced Training Year.” These students are Blake Keel- Springdale School District ing, Little Rock Christian, and Samuel Mason, Genoa Central High. The EconChallenge was sponsored by: August 17, 2012 *Federal Reserve Bank of St. Louis– In-service—Arkansas History Little Rock and Memphis Branches Bentonville School District

*State Farm Insurance *The Council for Economic Educa- September 10 - 12, 2012 tion. Microeconomics, Macroeconomics & Personal Finance workshops Congratulations to all the Adam Smith Champions! Van Buren School District

Winners! September 14, 2012 TEACHER GRANTS DUE! Attention Teachers: “Double Your Impact” Grants! September 18, 2012 Stock Market Game Extravaganza - Beginner Training TM In the March issue of our newslet- Arkansas’ Stock Market Game Little Rock, AR ter, we reported “Double Your Im- Program. Teachers can use their pact” grant opportunities available to DonorsChoose.org account to create September 19, 2012 teachers in Arkansas Public Schools a special request project to cover Stock Market Game Extravaganza - using DonorsChoose.org to fund eco- team fees! There is an 80% chance Advanced Training nomics and personal finance lessons your project will reach its funding Little Rock, AR or projects. A generous grant from goal. This unique opportunity is only the Walton Family Foundation funds available to Arkansas teachers! For September 24, 2012 the final half of a teacher’s economics more details, contact Marsha at Stock Market Game Begins! project after donors fund the first half! 501-682-4230 or The response from both teachers [email protected]. and donors has been overwhelming. “Double Your Impact” funding October 4 - 6, 2012 At this time, 72 projects have been has only been guaranteed through Financial Literacy & Economic Education funded for a total of $44,372! Funded 2012. So visit DonorsChoose.org to Conference in Kansas City, KS projects included technology equip- create an account and submit your ment, books, subscriptions to educa- request today! Join teachers whose November 8, 2012 tional journals or newspapers, activity projects have already been funded Moore Awards Luncheon resources, calculators, supplies such as and who are integrating economic Clinton Presidential Center glue, markers, poster board, paint, etc. education and personal finance pro-

A new element to the “Double jects in their classrooms. Visit www.economicsarkansas.org Your Impact” grants involves the for more information or to register. funding of teams for Economics

August 2012 Page 3

Virtual Economics 4.0 High School Teachers Ready! In September 2011, Economics Economics Arkansas, in partnership with the Federal Arkansas received a grant to train Reserve Bank of St. Louis - Little Rock Branch, offered a five-day workshop for high school teachers of 50 educators regarding the Virtual the required Economics course. Twenty-seven teachers Economics 4.0 CD-ROM. This CD attended this “Standards and Activity-Based Economics” contains over 1,400 economics les- workshop held June 18-22, 2012, at the sons for teachers to use in their Federal Reserve Bank’s Little Rock office. classrooms, so it is a tremendous SAU Center Director Dr. Jennifer Logan and Little Rock School District educator resource! George West served as trainers for the workshop, along with Economics Arkansas program coordinator Jennifer Taunton and Kris Bertelsen, Economic Education Specialist with the Federal Reserve Bank. When asked to what extent the activity- based approach will impact their instruc- The Bead Game demonstrates the three tion of economics, one teacher replied, types of economic systems: traditional, “I’ve been teaching 35 years and this market and command. Both teachers and will change the way I teach.” Another

students love this learning activity. added, “This material will provide oppor- tunities to engage students with hands-on learning and variety of approaches.” Teachers attending received a notebook of lessons and activities structured to teach UA Center Director Dr. Rita Littrell guides an 18-week economics course. In addition, Little Rock School District educator Mich- they received a teaching kit complete with ele Brown through VE 4.0. all supplies needed to conduct hands-on activities in their classrooms that will bring economic concepts alive and demonstrate Because this workshop was so their relevance to real life issues. well-received, we applied for and Workshops will be scheduled throughout were awarded another grant on the school year, so visit our website for May 7, 2012, to train 200 teachers! details. Teachers, please call us with your Teachers JUMP to learn about trade questions about activities and lessons from Check our website to see when this barriers in one of the many activity-based this workshop or any other, 501-682-4230! workshop will be held in your area. lessons demonstrated during the These programs are made possi- workshop. ble by the Council for Economic Education through funding from K-2 Math & Econ Guide the United States Department of Education Office of Innovation and Improvement. Looking for an outstanding guide that provides developmentally appropriate lessons for students in Kindergarten THANK YOU, through 2nd grade that have been corre- lated to the Common Core Standards? K CENTER DIRECTORS thru 2 lessons are active and varied and each provides a student-centered introduction of a and METs! basic economic concept that is reinforced through math activities. We appreciate all the preparation and The guides are $25.00 each, plus tax and shipping. Discounts may apply. For more assistance you provided to help make information, please contact our office at 501- our 1st Annual R.E.A.L. Conference an 682-4230. Order forms may be downloaded via our website www.economicsarkansas.org A great resource to complete your set outstanding success. We are grateful for under the Teacher Resources Tab. of K-12 Mathematics and Economics our partnerships with you! collection! Call Today! Page 4 The Fourth “R” Economics for All ? Get R.E.A.L! This summer, Economics Arkansas offered a 2-day “R.E.A.L. (Relevant, Engaging, Activity-based Learning) Econ for All” Economics and Personal Finance Conference in Little Rock for K-12 teachers. Over 200 educators attended and received valuable teaching resources such as curriculum, lessons, activity supplies, etc. Staff development hours and stipends were given as well. Is Econom- ics for All? Absolutely! Check out the photos below to see how much fun learning about economics and personal finance can be. Visit our website soon for the dates of the 2013 Conference!

Farm Bureau presents a two Arkansas History workshop. -hour

Using hula hoops to bridge the gap Teachers learn about Economics by playing between social studies & economics? with Play-Doh. YES! And what fun!

Christopher Caltabiano, VP of Pro- gram Administration with CEE, at- tended the conference and is pictured UAM Center Director Dr. Marsha Clayton with Marsha Masters, Economics Ar- Teachers “race” to match capital resources presents about Entertaining Economics. with the human resource who uses them. kansas Program Coordinator.

Above: Teachers participate in a Reader’s Theater 3M shared with conference participants about called “Just Fine the Way They Are” as part of a their global company and the impact their two-hour Arkansas History session. innovative products have on the world. In addition, they informed teachers of local grant and volunteer opportunities. Left: At the conclusion of each conference day, teachers were able to choose a curriculum or other teaching resource to use in their classroom. The retail value of resources given totaled over $10,000!

August 2012 Page 5 Applause for ABA The 2012 Pulaski County Trivia Challenge was, like, totally awesome. I mean, the way people dressed up for this RETRO theme, ya know? Especially the dudes from Pulaski Technical College, all Arkansas bankers have been among Head Bangers, they psyched everybody and won the Spirit Award! Not to mention one of their team our biggest supporters ever since Eco- mates, Clark Atkins, won $100 in cold, hard cash for his costume! It was way cool how everybody participated to help raise funds for Economics Arkansas. Co-chairs nomics Arkansas was started, and we Chip Taulbee from Arkansas Business Publishing Group and Carol Langston from Pulaski Technical are so appreciative that this legacy con- College did a mega job as co-chairs, and Neal Gladner, Crane Media, was everybody’s fave as em- tinues. cee. Chuck Spohn, Fox 16/CW Arkansas, and Sharon Priest, Downtown Little Rock Partnership, kept We would like to thank Charlie their chill as judges. Blanchard, president and CEO of First So there were three prelims, three semifinals, and one final round with questions from the 1970s, State Bank in Russellville, for leading 80s and 90s, and then the team from Rob, Eric & Isaac aced the whole thing. Like, whoa! To all teams, co-chairs, judges, emcee, sponsors, volunteers and all other dudes who made Trivia the 2011/2012 ABA campaign. His Challenge such a bomb, thanks! efforts included a lot of letter writing and signing, making phone calls and Participating Businesses & Grand Champions! making personal visits, always with the Schools same message: “Economics Arkansas is Acxiom doing good things around the state to promote financial literacy—won’t you Arkansas Business help support them?” That support ARVEST Bank amounted to $37,000. Thank you. Baker Elementary—PCSSD To find out more about the “good Caterpillar, Inc. things” we’re doing to teach personal Entergy Arkansas finance and economics in schools, con- Eric, Rob & Isaac tact EA Executive Director Sue Owens North Little Rock High School at 501-682-4349 for a presentation to Pulaski Technical College bankers in your area. After all, finan- Quattlebaum, Grooms, Tull cially literate consumers mean low-risk & Burrow customers for banks. UALR College of Business University of Phoenix

Event Sponsors: Arkansas Business  AT&T Did you know? Costume Bank of the Ozarks  Carol Contest Langston  Chainwheel Arkansas is one of only 22 Winner, Compsys  Natural states in the nation that Clark State Distributing  North Little require high school students “Twisted Rock Chamber of Commerce  to take an economics class in Sister” Staples  TCPrint Solutions order to graduate. Telcoe Federal Credit Union Atkins with

Trane Arkansas  Wyndham Pulaski Tech Hotel Grants that Keep us Going

We are grateful for the grants we recently received from the following organizations:

 Council for Economic Education  The Murphy Foundation  Staples, Inc.  Union County Community Foundation  Windgate Charitable Foundation Your support allows us to continue our mis- Pulaski Technical College sion of promoting economic literacy. Awesome Spirit Award Winner! Thank you.

August 23, 2012: Fort Smith Trivia, Immaculate Conception Parish Hall. To register a team, call 501-682-4230.

Page 6 The Fourth “R” Spring 2012 Winners Tips Corner

The winners of the Spring 2012 Stock Market Game Program were honored during an Beginning with this edition, we are setting awards ceremony May 2, 2012, at Verizon Arena in North Little Rock. First- and second- aside space to offer “tips” for teachers to en- place teams received trophies, cash awards, certificates, t-shirts and medallions. In addition, hance their teaching of economics and/or sponsors from the Arkansas Section 529 Plan Review Committee provided each winning personal finance. student with a drawstring backpack! Teams finishing in third place also received certificates Kicking off this new feature is a TIP for the and award money that were sent to their schools for distribution. “Secret Millionaires Club” by Warren Buffet. The teacher with the highest average team portfolio of five teams or more this semester was The series includes a number of segments Melissa Rice of Hoxie School District. Brad Lyle of Mena School District won the Teacher and can be found at www.smckids.com Division. Michael Huels of North Little Rock School District received this semester’s Apple Award when his students finished the 10-week simulation period with an increase of $31,479.01 in their portfolio! CONGRATULATIONS to all our winners! Our generous sponsors include: AR Section 529 Committee/UPromise Investments, Inc.; Bank of America/Merrill Lynch; Arkansas Securities Department; 3M; State Farm Insurance; D & R Hobbs LLC; Lou Graham, Morgan Stanley Smith Barney; Riceland Foods Foundation; and Harriet and Warren Stephens, Stephens Inc. Elementary Division Winners Senior High Division Winners We are especially pleased to recommend this TIP to you as each segment concludes Region I Region I with the reminder to students that they need Hellstern Middle School Sacred Heart Catholic School to always invest in themselves. Springdale School District Catholic Schools of Arkansas Look for our next TIP in the November 2012 Region II Region II edition of The Fourth R! Hot Springs Intermediate School Subiaco Academy Hot Springs School District Private School Region III Region III Kudos to You!

Bradley Elementary School Harmony Grove High School Two of our METs recently received Bradley School District Harmony Grove School District recognition we wanted to share: Region IV Region IV Central Elementary School Valley View High School Dr. Tom Woodruff Corning School District Valley View School District Rogers School District Region V Region V Named 2012 Arkansas Henderson Magnet Middle School North Little Rock High—East Campus Career and Technical Education Little Rock School District North Little Rock School District Teacher of the Year! Region VI Region VI Jo Vanderspikken Taylor Elementary School White Hall High School Springdale School District White Hall School District White Hall School District The Gifted & Talented Program Jo co- Junior High Division Winners ordinates received the 2012 Act 56 Outstanding Gifted Program Award!

Region I Russellville Junior High School Russellville School District Region II Mount Ida High School Mount Ida School District Region III Genoa Central High School Genoa Central School District Region IV Beebe Junior High School Beebe School District Region V Stock Market Game Advisors Melissa North Little Rock High —East Campus Apple Award Winner Rice, Hoxie High School; Jessica Culver, North Little Rock School District Michael Huels Ozark Junior High School; and Michael Region VI North Little Rock High Huels, North Little Rock High School, attended the New York Stock Exchange’s Crossett High School School - East Campus one-week teacher workshop this summer! Crossett School District

August 2012 Page 7

Nonprofit U.S. Postage PAID Little Rock, AR Permit No. 2257

P. O. Box 3447 Little Rock, AR 72203

Phone: (501) 682-4230 Fax: (501) 374-5692 Email: [email protected] www.economicsarkansas.org

Address Correction Requested

2013 Economics Concept Calendar Winners

The Economics Concept Calendar Calendar Winners program continues to be popular with our K-8 students. Fifteen Students Advisors School District winners were selected from 478 Noah W. Helene Lambert El Dorado School District drawings this year. Ashlyn R. Shawna Morganflash Fort Smith School District Nadia M. Brooke Bale Pulaski County Special S.D. Winning students and their advi- Amy Y. Darlene Kirkpatrick Pulaski County Special S.D. sors won a $50 gift card, plus will Jariq S. Carrie Donner Osceola Public Schools receive a copy of the calendar. The Olivia G. Allison Payne Rogers School District 2013 calendar will be available Grace B. Helene Lambert El Dorado School District November 2012. Olivia F. Donita Nye Springdale School District Make plans to participate in the Aimee S. Peggy Johnson Harmony Grove School District Economics Concept Calendar Pro- Cobe I. Tina Johnston eSTEM Public Charter School gram (for the 2014 calendar). Visit Ann C. Ann Avey Beebe Public Schools www.economicsarkansas.org to Rachel S. Jennifer Howald Fort Smith School District locate an entry form containing Nick Z. Becky May Greenbrier School District guidelines for the competition and a Kayla B. Christine Arnold Immaculate Conception Catholic School glossary of economic terms from Tyler H. Danny Helms Manila School District which to choose. Entries need to be postmarked by May 1, 2013. Congratulations, Winners! Facelifts Underway! Economics Arkansas is affiliated with “The Fourth R” and Economics Arkansas’ website are receiving a makeover—stay tuned! Picture by Jariq S. Picture Jariq by