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Student-balanced Budget

first_imgNon-essential agencies of the federal government were shut down in October 2013 because politicians could not agree on how to fund them. Although balancing the federal budget may seem difficult, a University of Georgia economics professor taught his students how to do so in just one semester.UGA’s First-Year Odyssey Seminar program was established in 2011 seeks to broaden students’ horizons by placing them in small class environments with other first year students and engaging them with faculty, who may teach outside of their normal field of study.“They realized this all actually matters to them,” said Jeffrey Dorfman, a professor of agricultural and applied economics in the College of Agricultural and Environmental Sciences who teaches the U.S. budget class. “It’s their money [and] they’re the ones (that are) going to get stuck with the bill.”In the most recent session of “Balancing the Federal Budget in Fifteen Weeks,” a UGA First-Year Odyssey class, 16 students learned about the federal budget then researched and evaluated proposals on ways to balance it. The Congressional Budget Office estimates that for the current fiscal year the federal government will spend $650 billion more than it makes. This imbalance would add to the national debt, which is estimated at $16 trillion.Existing proposal ideas range from increasing taxes on gasoline and income to cutting spending on programs, such as Medicare and Medicaid. The UGA students’ proposal offered a savings of $702 billion; this would eliminate the $650 billion spending debt and leave a $50 billion budget surplus. Their ideas included immediately raising the age for Social Security eligibility to 70, decriminalizing and taxing marijuana, and cutting defense spending by 10 percent.To develop their plans, the class met once a week for 50 minutes and students were split into groups; each group chose to adopt current ideas and to present new ideas. Unlike existing proposals that projected a balanced budget within a few years, the Dorfman’s students’ ideas were required to reflect immediate savings.There are few to no impartial sources for examining federal budget reform. So Dorfman requires the students to note which proposals carried a conservative bias and which carried liberal bias. The students based their proposals on basic principles of economics and their own feelings about fairness, but had to include calculations demonstrating how much money each change would save.Dorfman offered feedback and verified that legitimate, reputable sources with correctly calculated savings were used. The students’ suggestions were split into three categories: revenue increases, spending, and program cuts. The class voted as a whole on which ideas to include in their final proposal.Houston Gaines, a first-year political science and economics major, was already interested in the topic but said it was nice to be able to look at actual numbers and determine a balanced budget. He was surprised by some of the findings.“Lots of shocking things,” Gaines said. “It may seem that we’re in trouble but we’re really in really deep trouble.”The partial shutdown in October lasted for 16 days and experts say it could happen again in 2014 if an agreement among Congress is not reached. Dorfman hopes to teach the class again in fall 2014.“I don’t think they’ll balance the budget this year,” he said, “so I think we can safely do the class again.”To read more about UGA Department of Agricultural and Applied Economics visit read more

Drugs Trafficking Triggers Abuse In W. Africa

first_img West African governments need to step up their tactics to fight the rise of drug use and manufacture in countries that have been used as transit hubs, officials said. Ghana’s Minister of the Interior Benjamin Kunbuor said young people in West Africa are increasingly using cocaine, heroine and other psychoactive substances. The region is also starting to cultivate and manufacture drugs in clandestine laboratories, he said. “The situation is directly attributable to the spillover of growing trafficking activities in the region,” Kunbuor said at a regional conference on drugs. “Drug Barons aren’t village chicken thieves. Whatever mechanisms we are putting in place to address the drug menace have to be equally sophisticated as what the barons have.” The UN Office of Drugs and Crime (UNODC) estimates up to 100 tons of cocaine may have been trafficked through the region in 2009 and that the value of trafficking flows sometimes exceeds the gross domestic product of some West African countries. The Commissioner for Human Development and Gender for regional bloc ECOWAS, Adrienne Diop, said one member state has discovered small laboratories manufacturing party drugs like amphetamines and ecstasy. She did not say which country. The United Nations in 2009 seized chemicals in Guinea, reinforcing suspicions that there were drugs laboratories in West Africa. “It is not only cocaine consumption but they are also establishing these clinics in our countries. That is a new area that we have to go into and see how we can address it,” she told Reuters on the sidelines of the conference. West Africa became a transit point between Latin American producers and European users at the beginning of the last decade because of its porous borders, weak security apparatus and poor infrastructure, she said. “A region that trafficks, and where drugs transit, becomes a region that consumes,” she said. “It is not a problem that a country or a region can resolve. It is an international problem. It’s worth billions of dollars and it is increasing every year. It is big money.” UNODC says West Africa is also a major transit route for counterfeit medicines, the smuggling of commodities and people for sexual exploitation, and risks becoming a major safe haven for armed insurgent groups if the narcotics trafficking problem remains unaddressed. By Dialogo May 19, 2011last_img read more

Pay attention to bellwether sectors: What transportation and financial markets can tell us now

first_img(CIDRAP Source Weekly Briefing) – Ask people which private sector most needs to be prepared for a pandemic, and I bet they will tell you healthcare. Such a conclusion is understandable given the grim vision of a pandemic with its untold numbers of severely sick and dying people in communities all across the world.If only it could be that simple.Today’s global just-in-time economy completely blurs the boundaries between business sectors. How will healthcare facilities, for example, provide care to influenza patients as well as people with such conditions as cancer, heart attacks, and stroke if the following things occur.Pharmaceutical and medical device companies can’t manufacture and deliver drugs and medical supplies?Institutional food suppliers can’t obtain and deliver food?Utilities can’t sustain electrical service, and diesel-powered electric generators run out of fuel?Deciding on the most important sector for pandemic preparedness is about as sensible as trying to answer the classic chicken-and-egg question. The sustainability of any one sector depends on the sustainability of many sectors.I’m convinced the early bellwethers of how we respond to an unfolding pandemic, however, will be the international transportation industry and the financial markets.Our dependence on transportationThe importance of the international transportation industry seems obvious. If governments close borders around the world to try to stop early transmission of the virus, the use of planes, ships, and even trucks will screech to a dead halt. Next up: the strangulation of the global just-in-time economy. The 80% of pharmaceutical products made offshore that we depend on every day in this country will be in very short supply very quickly. One can begin to imagine the collateral damage that disrupting international trade and travel will level on our modern developed-world society.If governments decide to close borders, which I think would be a mistake, we’ll be out of options. The best you can do is plan now for the possibility.The financial sector and public confidenceWhile I believe the performance of the international transportation industry early in the next influenza pandemic will directly affect how many other sectors function throughout the first wave, I have no doubt that society’s confidence in our collective ability to handle and even survive a pandemic will be linked to the performance of the financial markets. Banks, exchanges, clearing organizations, payment system processors, and broker dealers are the gears and grease that make possible our everyday financial transactions at places like the grocery store or shopping center. Financial services provide the governments of the world a means for supporting and maintaining their economies.If, in the first hours to days of the pandemic, we see governments, investor institutions, hedge funds, and even individual investors move assets to perceived safer investment positions, society will likely react with a sense of panic. And if the markets themselves cannot perform critical functions because of a lack of business continuity preparedness, the psychology of society will be shaken. This tipping point, when many perceive that government and leading businesses are not prepared to help us get through the pandemic, will make the week in New Orleans following Hurricane Katrina seem rather mild.Fortunately, industry regulators are paying attention to the pandemic preparedness of the United States’ financial sector. A report released this week by the US Government Accountability Office (GAO) does these things:Says organizations that form the backbone of the US financial industry need to do more to prepareUrges federal regulators to set deadlines for these organizations to complete pandemic plansLays out a series of steps the financial sector must address to improve sustainability during a pandemicThe report is a must read for any business preparedness professional. (See Influenza Update story, “GAO says financial markets not ready for a pandemic.”)In addition, the US Security and Exchange Commission (SEC) is beginning to work with the Securities Industry and Financial Markets Association (SIFMA) to plan a 4-week exercise that will begin in September 2007. The exercise will be modeled after one that ran in October and November 2006 in the United Kingdom, which involved more than 70 organizations and about 3,500 staff members from all areas of the British financial world.Bottom line for businessUnfortunately, the fate of international trade and travel during a pandemic will depend on whether governments decide to close borders. If that happens, there may be little you can do about it at the time. But the financial market, if it prepares, is another story.Whatever business you are in, you’ll need a functional financial market during a pandemic. In fact, I believe our entire society’s perception of how we are doing, from the earliest days of the pandemic right through the last wave of illness, will be tied to a financial market that can function. A “run on the bank”—as occurred during the Great Depression—or an inability to service public and private transactions in the early days of the pandemic, will shake society’s confidence and undermine faith in government and business leaders who step forward to lead the public through the course of the pandemic.Every company in the financial sector must support the SEC and SIFMA 4-week exercise this fall. Only through efforts like this exercise can we identify the big gaps in our preparedness planning and fix them before real catastrophe strikes. Such preparedness efforts are critical and must be successful. If we do not support them, we will have no one to blame but ourselves when financial markets wilt during the pandemic and chaos reigns.last_img read more

International Workshop on Cultural Routes: “Olive Routes” as a Model of European Value, Heritage and Sustainable Development

first_imgOn the occasion of marking the presidency of the Republic of Croatia in the Council of Europe and the presidency of the Central European Initiative in 2018, the Ministry of Tourism organizes  an international workshop on cultural routes with an emphasis on route  “Olive Routes” as a model of European value, heritage and sustainable development. The workshop will be held from 14 to 16 November 2018 in Mali Lošinj at the Hotel Bellevue.The participants of this workshop are international experts and representatives of the Croatian Ministries of Culture, Tourism, Foreign and European Affairs, representatives of the Central European Initiative, cultural routes of the Council of Europe, numerous cultural and tourist institutions and local initiatives. This event is also an opportunity to present innovative approaches to the diversification of cultural and tourism products and to encourage initiatives that promote European heritage, sustainable tourism and local development. Attached is the application form, as well as the workshop program.Attachment:Application formWORKSHOP PROGRAM The “Cultural Routes of the Olive Tree” as a model for Europe’s values, heritage and sustainable developmentlast_img read more

Arena Hospitality Group for the first time adopted a decision on dividend payment

first_imgZadovoljstvo mi je objaviti da je usvojen prijedlog odluke da se već ove godine isplati prva dividendau povijesti Arena Hospitality Grupe, umjesto u 2020., kako je prethodno bilo najavljeno u politici dividende koja je objavljena krajem 2018. godine, istaknuo je Rally Slonim, predsjednik uprave Arena Hospitality Group d.d. te dodao: “Uprava je uvažila uspješno poslovanje Arena Hospitality Grupe u 2017. i 2018. godini u kojima je, među ostalim pokazateljima, rasla i neto dobit.Vodeći računa o našim dioničarima i uzimajući u obzir uravnoteženi pristup isplati dividende naznačen u politici dividende, a koji omogućava Arena Hospitality Grupi da nastavi rasti i ulagati u svoje poslovanje, te istovremeno uzimajući u obzir poslovne rezultate, buduće investicije, cjelokupno okruženje i ostale relevantne čimbenike, Uprava i Nadzorni odbor predlažu Glavnoj Skupštini dividendu u iznosu od 5 kuna po dionici. Veselimo se novom valu investicija koje su u tijeku, a premašuju pola milijarde kuna za koje očekujemo da će doprinijeti rastu poslovanja te rastu vrijednosti za sve dioničareSaid Slonim. Hotel group Arena Hospitality Group dd, (formerly Arenaturist) currently offers a portfolio of 27 facilities owned, co-owned, leased or managed by more than 10.000 rooms and accommodation units in Croatia, Germany and Hungary.  Prema tom prijedlogu dividenda bi bila isplaćena dana 28. svibnja 2019. godine dioničarima Društva koji su na dan 7. svibnja 2019. godine upisani kao imatelji dionica Društva u registru dionica kod Središnjega klirinškog depozitarnog društva d.d. More in future investment plans attached.center_img Na održanoj sjednici Uprave i Nadzornog odbora Arena Hospitality Group d.d. usvojen je prijedlog odluke o isplati dividende u iznosu od 5 kn po dionici iz dijela zadržane dobiti Društva ostvarene u 2017. godini. Late last month, Arena Hospitality Group announced a new investment cycle of HRK 500 million. last_img read more

BLOG: Getting to the 2016 Pennsylvania Farm Show

first_imgBLOG: Getting to the 2016 Pennsylvania Farm Show Like Governor Tom Wolf on Facebook: 100th Farm Show,  The Blog The 100th Pennsylvania Farm Show runs January 9-16, and this year’s centennial events are definitely worth the trip. Luckily, there are many ways to get there.If you’re coming from outside the Harrisburg area, why not try the train? PennDOT and Amtrak’s partnership initiative — PA Trips By Train — offers a great travel deal for Farm Show goers that includes:Buy one, get one 40% off Amtrak tickets50% off Amtrak ticket for kids ages 2 through 12FREE fountain drink in a collectible 2016 PA Farm Show souvenir cupBuy one/get one free ticket for the First Frontier Circuit Rodeo on Family Night — Thursday, January 14FREE Uber rideYou can also take advantage of free Capital Area Transit buses running between the Farm Show Complex and various locations around Harrisburg between 11 a.m. and 2 p.m. throughout the work week. No bus pass is required!Click here to watch CBS21’s story on finding alternate transportation to the 2016 Farm Show.If you prefer driving, the Farm Show has several quick tips to help you minimize your time in the car by avoiding peak hours and parking at a state lot with free shuttle service.I hope your 2016 Farm Show experience is memorable, and safe! By: Leslie S. Richards, Secretary of the Department of Transportationcenter_img January 08, 2016 SHARE Email Facebook Twitterlast_img read more

Sarri says jeers would be a sign of affection for him

first_imgRelatedPosts Pirlo not out to copy anyone after Juventus’ comfortable opening win Napoli Coach: Osimhen young lad with old brain EPL: Calvert-Lewin treble fires Everton past West Brom Juventus coach Maurizio Sarri will consider it a sign of affection if he is jeered when the Turin side face his former club Napoli on Sunday after his first return to the San Paolo stadium since his acrimonious departure in 2018. “It’s a special match for me, but we mustn’t waste energy on something personal when we have a collective goal which is to bring home the three points,” the chain-smoking Sarri told reporters on Saturday. “There are whistles for me, it will be a show of affection,” added Sarri, who was in charge for three seasons at Napoli during which time he built a memorable team although he was not able to lead them to the Serie A title. He was eventually sacked to make way for Carlo Ancelotti, despite leading Napoli to second place with a club-record points tally, and said he found out about the dismissal on the television. Juventus, chasing a ninth successive title, go into the game with a four-point lead at the top while Napoli have dropped to 11th place. They have lost four out of five Serie A matches under new coach Gennaro Gattuso but they enjoyed a morale-boosting win over Lazio in the Coppa Italia on Tuesday. Gattuso said: “We want to carry on where we left off on Tuesday. “It is not easy to prepare for it, Juventus are a team of champions and Sarri’s influence on the team is beginning to show. “Facing Juventus gives you a headache. “I want us to sniff out potential danger, work for each other and not let the opposition take control of the game. “I saw many positives against Lazio and we need to follow that path.” Reuters/NAN.Tags: Carlo AncelottiGennaro GattusoJuventusMaurizio SarriNapoliSan paololast_img read more

Saka ready for new Arsenal contract

first_imgRelatedPosts EPL: Gunners survive West Ham scare Saka tops PFA Player of the Year shortlist Gunners, Reds battle for Community Shield glory Arsenal is readying a new-and-improved contract for versatile teenage wideman Bukayo Saka, according to a report.The 18-year-old impressed for the Gunners in an unfamiliar left-back position prior to the coronavirus pandemic bringing a halt to the Premier League season.Saka, who can also play in a left-sided midfield position, is soon to enter the final year of his existing £5,000-a-week deal at the Emirates Stadium.According to reports, however, the England Under-19s international is soon to be rewarded with fresh terms that will see his salary significantly increase.Mikel Arteta has played Saka in all but one of his 16 matches in charge, originally due to the injury absence of Kieran Tierney. Tags: Arsenal FCBukayo Sakalast_img read more

Sissoko underlines future ambitions

first_img Paris St Germain have reportedly expressed an interest in the France international but Sissoko says he would prefer a future in the Premier League. The news is sure to interest Arsenal, whom Sissoko described as “the club of my heart” earlier this month, while Chelsea are also said to have shown an interest. Moussa Sissoko has reiterated his desire to play for “a very big club” as speculation continues to mount over the future of the Newcastle midfielder. Sissoko said in an interview with the French website Foot Mercato: “My goal was to come to England because it was the championship that best matched my game and I do not think I am wrong. “So I want to stay here and grow at one of the biggest clubs in England. I have a preference for the Premier League and I see myself staying here. “I am focused on Newcastle. I have a four-and-a-half year contract so in my head I still tell myself I am still here for four years and a half. They appreciate me here and everything is good.” The 25-year-old has impressed in his two years in the Premier League since arriving from Toulouse, and a move to Paris would boost his stated desire to play in the Champions League. And while Sissoko said he had not had any contact from the French giants, he refused to rule out the possibility of a return to Ligue 1. Sissoko added: “I am not saying that I absolutely want to go or not. If it happens, it happens. I am at Newcastle and I will continue to work until one day I have the chance to play at a very big club. “Nobody has called me. My agent and I have not spoken to anyone. “PSG is one of the best clubs in Europe. If I’m lucky they are interested with me. These are difficult things to refuse. I cannot say yes or no but it is an interest I would take into consideration.” Meanwhile Newcastle defender Mapou Yanga-Mbiwa has completed his permanent move to Roma after being on loan with the Serie A side since September last year. center_img Press Associationlast_img read more

NBC News tech dies after contracting the coronavirus

first_imgNBC News in New York has announced that one of their long time technicians has died after falling ill with the coronavirus.According to the report, Larry Edgeworth who worked at the company for 25 years as a traveling audio technician passed away on Thursday.Chairman Andy Lack told reporters that Edgeworth had underlying medical conditions that made him particularly susceptible to the virus.Savannah Guthrie of the Today Show mourned Edgeworth with a touching post on Instagram after spending two months traveling with him: Lack reminded employees that Edgeworth’s death was a reminder to all of them to take care of themselves.last_img read more