“Babbage’s book is aimed at teachers and educators, but any parent or student would benefit from reading it. . . . The spend-for-today mentality has to stop. Schools and society have to address the problem, and Dr. Babbage has concrete ideas, exercises and plans that will help. “—Don McNay, founder of the McNay Settlement Group, October 20, 2009, Times-Tribune What Financial future awaits the current generation of children and teenagers? Our children and teenagers did not cause the financial problems that confront the nation and impacts their families, but they will pay part of the price for these financial problems. What should children and teenagers know about personal finance? How can sound financial principles and money management be taught to these students? Extreme Economics identifies, through current research, what children and teenagers need to know about managing funds. It shows educators how to design instructional activities that enable students to learn about money management in fascinating and meaningful ways. Extreme Economics is not filled with complicated or confusing charts, graphs, and terminology. It is readable and immediately applicable. As education continues to advance, the school curriculum might consist of reading, writing, math, and economics and finance. This book is an important step to ensuring a solid base in this emerging area. About the Author Keen J. Babbage has twenty-five years of experience as a teacher and administrator in middle school, high school, college, and graduate school. He is the author of author of numerous books including 911: The School Administrator’s Guide to Crisis Management (1996), Extreme Teaching (2002), Results-Driven Teaching: Teach So Well That Every Student Learns(2006) and What Only Teachers Know About Education (2008).
Two months ago it was twenty six percent of teenagers 15-19 who were looking for work, now that figure has risen to twenty eight percent in the same age group. It’s not easy to find a job if you are a teenager and, if you do, to know how long the job might last. The fluidity in today’s markets leaves a lot to be desired and is rapidly festering on our youth an unemployment sore which is getting harder and harder to clear up. It’s actually at the stage that those in their 50’s, with their own home and assets are the lucky ones; we’re looking at generations here who may never have that level of security. And it’s not just here, the youth unemployment problems are worldwide and causing massive social unrest, especially in European countries. So what has brought us to this day? What is causing these huge imbalances in opportunities for our young people which, incidentally, places huge stress on their families who are supporting them through awkward economic times, they are, possibly, experiencing themselves? Do we say that globalisation has ‘tightened’ up the markets and not as many people are needed in the workforce due to enhanced technologies? Or is it the population of the world which has ‘overrun’ the number of job vacancies available leaving a huge chasm that teenagers are slipping into? This all sounds a bit too simplistic to me. It’s about better business planning for the future and considering again youth employment rates which allows for experience on the job and a start into a meaningful life. It’s about forward-thinking policies being put in place to look after the future, so that our youth have real incentives to stay here and not just drift across ‘The Ditch’. It’s a given that […]
Over the last few months some disturbing events have taken place round the world. There is the ongoing debt saga sweeping Europe primarily affecting Italy, Greece, Spain and the United kingdom. There is the sorry state of the US economy and the way in which it is spiralling, seemingly without a pilot, towards a prolonged depression and long-required period of recovery. Then we have Libya, Egypt, Tunisia and Syria examples of monopolistic nations where rogue leaders have been dealt to by totally angry and frustrated populaces. The above mentioned is enough for this editorial to deal with, quite frankly. Because through these examples events is one underlying theme; the people are dissatisfied, the people are being ‘ripped off’. Two articles in this issue give you more of a picture of unhappiness. One is Globalisation versus Localisation and the other A small town in the middle of nowhere. In both there is a theme; money is power and only a few people are benefiting from it. And when you bring into the mix economic problems in Europe and the riots in London you get more of a picture of people being left behind. There are too many people with time on their hands, too many people with no money who have been displaced. There are too many people with too little money, working for global conglomerates with little recall for better conditions. Those who riot in Greece and Spain are organised thugs or people wanting better conditions. In London the death (murder) of a man which caused civil unrest and massive looting also included many, many people who were thugs layabouts and itinerants…as well as the British Olympic ambassador who was seen on TV by her mother. There is too much unhappiness and too much of it is caused by greed. […]