A Guide for Advancing K-12 Financial Education
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Energy & Power Industry Update
Energy & Power Industry Update February 2012 Member FINRA/SIPC www.harriswilliams.com Energy & Power Industry Update February 2012 What We’ve Been Reading • Despite a warm embrace of the natural gas industry from President Obama in his 2012 State of the Union Address, January has been a tough month for fuel. An unusually mild winter has dampened demand, sent prices to new lows, and accelerated rig count shifts towards liquids-rich plays. Most notably, Chesapeake Energy, self-proclaimed as “America’s Champion of Natural Gas,” announced that it would divert approximately $2 billion of capital slated for natural gas drilling to more profitable oil-directed drilling. The net effect on North American drilling activity from this shift is expected to be minimal. In fact, many of the oilfield services majors offered bullish commentary on North American activity despite some pricing headwinds in dry gas basins. We’ve included some of that commentary on the following pages for reference. • While natural gas may be encountering some near-term hurdles, the long-term view is certainly positive. This is made particularly clear in Black & Veatch’s (“B&V”) Energy Market Perspective 2011 Fall Forecast Overview: Adapting to the “New Normal,” which deserves mention for the length of its title alone. The report notes that approximately 300,000 MW of natural gas capacity could be added over the next 25 years. Part of this growth is due to the fact that more than 61,500 MW of coal capacity in the continental U.S. may be retired by 2020 (28,000 MW of coal plant retirements have already been announced). -
Video Games and Financial Literacy
Video Games and Financial Literacy The following games can be used to enhance 86 percent. Less than half of players financial literacy. Background on using real understood finance charges before playing, games in financial learning from recent while 82 percent did so afterward. And literature on the topic follows the game list. women said they felt more confident about handling finances after playing EverFi. www.everfi.com Practical Money Skills EverFi is a web-based simulation game http://www.practicalmoneyskills.com/games/ designed for individuals ages 16-24 that trainingcamp/. covers a wide range of financial topics. This This website contains seven free games that link: can be embedded at no cost in other http://www.everfi.com/images/screenShots/EverFi websites. The most widely used is Financial LifeMap.jpg provides a screenshot. EverFi Football, a joint venture between Visa and contains many “virtual worlds” and the NFL. The game is accompanied by a interactive activities including a tour of the classroom curriculum designed for high NY Stock Exchange and a used-car school students. Teams compete by dealership. EverFi offers a five-hour series of answering multiple-choice questions to earn Web tutorials. This is a SimCity-style game in yardage and score touchdowns. Financial which they control characters‟ spending Football has been distributed by 23 state habits, rewarding good choices and suffering governments to every public high school in the consequences of bad ones. those states. Building on the success of Financial Football, Visa recently released Doorways to Dream’s (D2D’s) Celebrity Financial Soccer (Financial Football outside of the US), an interactive FIFA-themed video Calamity game that tests users‟ knowledge of personal www.celebritycalamity.com. -
Next-Gen Technology Transformation in Financial Services
April 2020 Next-gen Technology transformation in Financial Services Introduction Financial Services technology is currently in the midst of a profound transformation, as CIOs and their teams prepare to embrace the next major phase of digital transformation. The challenge they face is significant: in a competitive environment of rising cost pressures, where rapid action and response is imperative, financial institutions must modernize their technology function to support expanded digitization of both the front and back ends of their businesses. Furthermore, the current COVID-19 situation is putting immense pressure on technology capabilities (e.g., remote working, new cyber-security threats) and requires CIOs to anticipate and prepare for the “next normal” (e.g., accelerated shift to digital channels). Most major financial institutions are well aware of the imperative for action and have embarked on the necessary transformation. However, it is early days—based on our experience, most are only at the beginning of their journey. And in addition to the pressures mentioned above, many are facing challenges in terms of funding, complexity, and talent availability. This collection of articles—gathered from our recent publishing on the theme of financial services technology—is intended to serve as a roadmap for executives tasked with ramping up technology innovation, increasing tech productivity, and modernizing their platforms. The articles are organized into three major themes: 1. Reimagine the role of technology to be a business and innovation partner 2. Reinvent technology delivery to drive a step change in productivity and speed 3. Future-proof the foundation by building flexible and secure platforms The pace of change in financial services technology—as with technology more broadly—leaves very little time for leaders to respond. -
Argus Research (July 2020)
EQUITY RESEARCH REPORT July 13, 2020 MOLECULAR DATA INC. (NCM: MKD) Founded in 2013, China-based Molecular Data operates an e-commerce platform that KEY STATISTICS connects and serves participants of the Chinese chemicals industry across the value chain. Key Stock Statistics COMPANY HIGHLIGHTS Recent price (7/7/20) $2.40 * MKD: Connecting China’s Chemical Industry Value Chain 52 week high/low $11.80/$0.57 ADS Outstanding (M) 115 * In our view, Molecular Data has assembled a comprehensive network that can capture value across multiple previous pain points in China’s fragmented chemicals industry. Market cap (M) $276.0 Dividend Nil * After several years of organically building platform capabilities to include financial services, warehousing, logistics and software as a service (SaaS) offerings, Molecular Yield Nil Data should now be able to diversify its revenue stream beyond its core chemical direct e-commerce sales. This should lead to enhanced profit margins and, ultimately, sustainable Sector Overview profitability. Sector Materials * At the end of 2019, Molecular Data completed an initial public offering that yielded net Sector % of S&P 500 2.5% proceeds of approximately $55 million. As a result, we view the company as well posi- tioned to invest in its integrated e-commerce platform with new higher-margin services, and to pursue the acquisition of new capabilities and services globally. Financials ($M) * Although we expect near-term financial results to be impacted by the COVID-19 outbreak, Cash & Mkt Securities 8.3 which forced many customers and suppliers to halt operations throughout the first half of Debt 2.0 2020, we are encouraged by continued robust traffic on the Molbase platform. -
Voluntary National Content Standards in Economics 2Nd Edition Voluntary National Content Standards in Economics
Voluntary national ContEnt StandardS in EConomics 2nd Edition Voluntary national ContEnt StandardS in EConomics 2nd Edition WRITING COMMITTEE ACKNOWLEDGMENTS John Siegfried, Writing Committee Chair Many individuals reviewed the Voluntary National Vanderbilt University Content Standards in Economics, 2nd Edition. The individuals listed below provided special assistance Alan Krueger, Writing Committee Co-Chair in helping develop the content of the standards. Through February 2009 Princeton University Stephen Buckles Vanderbilt University Susan Collins University of Michigan Bonnie Meszaros University of Delaware Robert Frank Cornell University James O’Neill University of Delaware Richard MacDonald St. Cloud State University Robert Strom Ewing Marion Kauffman Foundation KimMarie McGoldrick University of Richmond John Taylor Stanford University George Vredeveld University of Cincinnati FUNDING The Council for Economic Education gratefully acknowledges the funding of this publication by the United States Department of Education, Office of Innovation and Improvement, Excellence in Economic Education: Advancing K-12 Economic & Financial Education Nationwide grant award U215B050005-08. Any opinions, findings, conclusions, or recommendations expressed in the publication are those of the authors and do not necessarily reflect the view of the U.S. Department of Education. Copyright © 2010, Council for Economic Education, 122 East 42 Street, Suite 2600, New York, NY 10168. All rights reserved. The Content Standards and Benchmarks in this document may be reproduced for non-commercial educational and research purposes. Notice of copyright must appear on all pages. Printed in the United States of America. ISBN 978-1-56183-733-5 5, 4, 3, 2, 1 ii Voluntary national Content StandardS IN eCONOMiCS Contents PREFACE . v FOREWORD TO THE FIRST EDITION . -
Does Economics and Business Education Wash Away Moral Judgment Competence?
J Bus Ethics DOI 10.1007/s10551-016-3142-6 Does Economics and Business Education Wash Away Moral Judgment Competence? 1 1 2 Katrin Hummel • Dieter Pfaff • Katja Rost Received: 30 October 2015 / Accepted: 21 March 2016 Ó Springer Science+Business Media Dordrecht 2016 Abstract In view of the numerous accounting and cor- Keywords Economics and business education Á Moral porate scandals associated with various forms of moral judgment competence Á Moral reasoning Á Self-selection misconduct and the recent financial crisis, economics and effect Á Treatment effect business programs are often accused of actively con- tributing to the amoral decision making of their graduates. Abbreviations It is argued that theories and ideas taught at universities CMD Cognitive moral development engender moral misbehavior among some managers, as DIT Defining issues test these theories mainly focus on the primacy of profit-max- MJC Moral judgment competence imization and typically neglect the ethical and moral MCT Moral competence test dimensions of decision making. To investigate this criti- cism, two overlapping effects must be disentangled: the self-selection effect and the treatment effect. Drawing on Introduction the concept of moral judgment competence, we empirically examine this question with a sample of 1773 bachelor’s The recent economic and financial crisis as well as and 501 master’s students. Our results reveal that there is accounting and corporate scandals over the last decades neither a self-selection nor a treatment effect for economics such as Enron (2001), WorldCom (2002), Global Crossing/ and business studies. Moreover, our results indicate that— Qwest (2002), Merck & Co. (2002), AOL Time Warner regardless of the course of studies—university education in (2002), Tyco International (2002), Computer Associates general does not seem to foster students’ moral (2004), Swissair (2001), Ahold (2003), YLine (2003), development. -
Revisiting the Relevance of Economic Theory to Hotel Revenue Management Education and Practice in the Era of Big Data
Research in Hospitality Management 2017, 7(1): 65–73 Copyright © The Authors Printed in The Netherlands — All rights reserved RHM Open Access article distributed in terms of the ISSN 2224-3534 EISSN 2415-5152 Creative Commons Attribution License [CC BY 4.0] https://doi.org/10.1080/22243534.2017.1355499 (http://creativecommons.org/licenses/by/4.0) DISCUSSION PAPER Revisiting the relevance of economic theory to hotel revenue management education and practice in the era of Big Data Natalie Haynes* and David Egan Sheffield Business School, Sheffield Hallam University, United Kingdom *Corresponding author email: [email protected] This paper explores the role of economics in hospitality education and industry practice, with a particular focus on revenue management, and puts forward an argument for a return to the inclusion of economic theory in UK hospitality education, not seen since the 1990s. Given the increasing amounts of pricing data available to both managers and customers and the consequent market complexities now seen, developing economic literacy is demonstrated to be a crucial skill required for future hospitality graduates, allowing them to make successful revenue decisions and sense-check with confidence the decisions made by automated revenue systems. Economic literacy is defined as a balanced understanding of economic theory that can be applied in real-life business scenarios, extending beyond simple consideration of supply and demand to a mixture of neoclassical and behavioural approaches to economics. Keywords: economic theory, -
Financial Services Capabilities Brochure
WE GET FINANCIAL SERVICES See how we can help you orchestrate an IT strategy to mitigate risk, transform the customer experience and drive data insights. DEPOSITORY INSTITUTIONS | CAPITAL MARKETS | INSURANCE 2 EMBRACING THE NEW FINANCIAL SERVICES DISRUPTION The financial services industry is being challenged with the need to innovate the way services are delivered, embrace analytics to drive more personalized experiences and protect against unprecedented security challenges. Not to mention navigating complex merger and acquisition (M&A) opportunities that increase business value and growth, without disrupting the customer experience. All the while operating within an evolving regulatory environment. That’s why we offer you the solutions and support you need to embrace the latest industry trends and technology initiatives, including transforming the customer experience, addressing data privacy compliance and improving data management with AI. We can advise you on how to select the best partners, solutions and services to help you reach your business goals. CDW.com/finance | 888.706.4239 3 CDW WORKS WITH MORE THAN 12,700 WHAT ARE THE TOP STRATEGIC PRIORITIES DEPOSITORY INSTITUTIONS, CAPITAL MARKETS FOR FINANCIAL INSTITUTIONS? FIRMS AND SPECIALTY SERVICE COMPANIES: 84% improve digital experience for customers • Supports 99% of the top U.S. banks enhance data analytics capabilities • Supports 55% of the top U.S. credit unions 42% • Supports more than 7,500 U.S. capital markets firms reduce operating costs • 75+ dedicated CDW Financial Services account managers 32% 31% improve innovation culture 28% digitize back-office operations Source: thefinancialbrand.com, Top 10 Retail Banking Trends for 2019, January 7, 2019 COMPREHENSIVE FINANCIAL SERVICES EXPERTISE Whether you’re looking to upgrade your security framework to address new data privacy regulations, break down data silos with the power of AI and machine learning tools, improve the customer experience in the branch or assess IT compatibility during a merger or acquisition, CDW Financial Services can help. -
Financial Literacy Education in Ontario: an Exploratory Study of Elementary Teachers’ Perceptions, Attitudes, and Practices
Financial Literacy Education in Ontario: An Exploratory Study of Elementary Teachers’ Perceptions, Attitudes, and Practices Gail E. Henderson Queen’s University Pamela Beach Queen’s University Andrew Coombs Queen’s University Abstract Politicians are pushing school boards to do more to ensure students leave school with the financial literacy skills they will need to navigate an increasingly complex financial market- place. Financial literacy education must start early to achieve this goal, yet there has been Canadian Journal of Education / Revue canadienne de l’éducation 44:2 (2021) ©2021 Canadian Society for the Study of Education/ Société canadienne pour l’étude de l’éducation www.cje-rce.ca Financial Literacy Education in Ontario 309 very little Canadian research on financial literacy education at the elementary level. This exploratory study used an anonymous, online survey to gain a preliminary understanding of full-time Ontario elementary teachers’ perceptions, attitudes, and practices with respect to financial literacy education. Respondents overwhelmingly favour teaching financial literacy in elementary school. Almost half of respondents currently incorporate financial literacy into their classroom practice. These teachers rely primarily on free, online resources. With respect to barriers to teaching financial literacy, respondents cited the lack of an appropriate curriculum and lack of support from schools and school boards. Respondents identified pro- fessional development as the main type of support they would like to see schools and school boards provide to support them in teaching financial literacy going forward. Keywords: financial literacy, financial education, elementary teachers Résumé Les politiciens poussent les conseils scolaires à en faire davantage pour s’assurer que les étudiants finissent leurs études avec les compétences financières dont ils auront besoin pour naviguer sur un marché financier de plus en plus complexe. -
We Know That May Be So in Economic Education
Social Studies Research and Practice www.socstrp.org All We Know that May Be So in Economic Education Mark C. Schug University of Wisconsin-Milwaukee Ashley S. Harrison University of Tennessee at Chattanooga J.R. Clark University of Tennessee at Chattanooga The teaching of economics at the Kindergarten-12 level has been highly researched and reported upon since the 1970’s and has primarily concentrated on curriculum, materials, enrollments, and effectiveness of teaching techniques. This paper summarizes two recent reviews of research, the results of the National Assessment of Educational Progress in Economics, and two recent national surveys. Taken together, the findings suggest that more students are taking high school economics than ever before, and that their performance is better than reported performance in other social studies fields. While adequate teacher training remains a stubborn problem, economics teachers appear to use somewhat more variety in their teaching than do their peers. Key Words: Curriculum, curriculum standards, economic education, financial education, NAEP, research, teacher preparation Introduction The teaching of economics at the Kindergarten-12 level has been highly researched and reported upon since the 1970’s and has primarily concentrated on curriculum, materials, enrollments, and effectiveness of teaching techniques. Previous studies have focused on how well students are learning economics, how teachers are trained, and other outcomes associated with improved understanding of economics. Several major survey articles have reported upon the current status of economic education and noted several trends. This paper will provide an overview of recent reviews of research in economic education and the results of the recent National Assessment of Educational Progress in economics. -
Cost of Capital Study 2019
Cost of Capital Study 2019 The Calm Before the Storm – Rising Profits and Deflated Values? This study is an empirical investigation with the aim of analyzing management practices. Information provided and explanations offered by the study do not offer a complete picture for deriving financial forecasts or costs of capital nor for proper actions or interpretation of the requirements for impairment tests, other accounting-related questions or business valuations. When considering the following analyses, it should be noted that the company data presented here stems from companies from different countries, partially with different currencies and at varying points in time. Furthermore, it should be noted that not all participants of the study have answered all questions. © 2019 KPMG AG Wirtschaftsprüfungsgesellschaft, a member firm of theKPMG KPMG International network of independent Cooperative member (“KPMG firms affiliated International”), with a Swiss entity. KPMGtrademarks of International. All rights reserved. The name KPMG and the logo are registered Summary Introduction Cash Flows Cost of Capital Company Online Industry Industry Parameters Values Analyses Specialists Preface Dear Readers, – Changing markets and industries?! We hope that this year’s Cost of Capital Study also – A changing landscape for the automotive industry meets your expectations and serves as interesting It is our pleasure to present you with the results of – Data driven omnichannel models reading. We will gladly discuss the results with you the fourteenth edition of our Cost of Capital Study. – Chemical industry and the challenge of climate within the framework of a personal appointment This year’s number of participants increased to 312 change and are, of course, available for any questions and (previous year: 276) and therefore attained, once – Finding the balance in industry 4.0 comments you may wish to offer. -
Euthenics, There Has Not Been As Comprehensive an Analysis of the Direct Connections Between Domestic Science and Eugenics
University of Massachusetts Amherst ScholarWorks@UMass Amherst Masters Theses 1911 - February 2014 2011 Eugenothenics: The Literary Connection Between Domesticity and Eugenics Caleb J. true University of Massachusetts Amherst Follow this and additional works at: https://scholarworks.umass.edu/theses Part of the History of Science, Technology, and Medicine Commons, United States History Commons, Women's History Commons, and the Women's Studies Commons true, Caleb J., "Eugenothenics: The Literary Connection Between Domesticity and Eugenics" (2011). Masters Theses 1911 - February 2014. 730. Retrieved from https://scholarworks.umass.edu/theses/730 This thesis is brought to you for free and open access by ScholarWorks@UMass Amherst. It has been accepted for inclusion in Masters Theses 1911 - February 2014 by an authorized administrator of ScholarWorks@UMass Amherst. For more information, please contact [email protected]. EUGENOTHENICS: THE LITERARY CONNECTION BETWEEN DOMESTICITY AND EUGENICS A Thesis Presented by CALEB J. TRUE Submitted to the Graduate School of the University of Massachusetts Amherst in partial fulfillment of the requirements for the degree of MASTER OF ARTS September 2011 History © Copyright by Caleb J. True 2011 All Rights Reserved EUGENOTHENICS: THE LITERARY CONNECTION BETWEEN DOMESTICITY AND EUGENICS A Thesis Presented By Caleb J. True Approved as to style and content by: _______________________________ Laura L. Lovett, Chair _______________________________ Larry Owens, Member _______________________________ Kathy J. Cooke, Member ________________________________ Joye Bowman, Chair, History Department DEDICATION To Kristina. ACKNOWLEDGEMENTS First and foremost, I would like to thank my advisor, Laura L. Lovett, for being a staunch supporter of my project, a wonderful mentor and a source of inspiration and encouragement throughout my time in the M.A.