Welcome back from your extended Spring Break! Once again, in attempt to maintain a sense of normalcy during these trying and anxious times, I've got some assignments you may choose to do. If nothing else, it will help keep your brains in some type of school shape for when we return (whenever that may be). You may email these to me if you so choose, and once again my email is firstname.lastname@example.org
. Hopefully these activities will help you gain a better understanding of what's happening, and what the economic and governmental ramifications could possibly be. Furthermore, while it may not seem this way on the surface, this is an excellent test of your own skills in regards to those attending a traditional four year college. Are you disciplined enough to do the work on your own, or do you need more constant and consistent oversight? Often times, college classes will provide you with online assignments, and every college that I've ever known requires a great deal of paper writing, whether it is a research paper or composition. Being able to summarize and react and reflect to information is a key component in achieving success at the collegiate level. Perhaps we should look at this as an opportunity to test ourselves before we head off to college next year. For those joining the military or going to a vocational or two year school, think about how some of this information affects us. While a number of salaried employees are still receiving paychecks (as they are already budgeted for), a great number of hourly workers are suffering during this time. While a majority of salaried employees often get paid whether they are at work or not, this is not necessarily the case for hourly employees, whose livelihood depends upon whether they were at work that day or not. Furthermore, as this situation continues, think about our friends and family members in certain industries, whether it be manufacturing (like J-Tekt or Denso) or the food service industry (El Jacal, Applebee's) a number of these people are struggling. What should they do, or we do, in these times to help support these people, both socially and economically? While there are some cooks and managers still working to provide curbside orders, what about the servers? These people depend upon tips to make a living, and when you're not serving, you can't make tips. Consider some of these things while you complete these assignments.
The Role of Government The student will understand the roles of government in a market economy are the provision of public goods and services, redistribution of income, protection of property rights, and resolution of market failures.
E.33 Explain how government responds to perceived social needs by providing public goods and services. (E, P)
E.34 Describe major revenue and expenditure categories and their respective proportions of local, state, and federal budgets. (E, P)
Standard Number: 4.0 Governance and Civics Standard: Governance establishes structures of power and authority in order to provide order and stability. Civic efficacy requires understanding rights and responsibilities, ethical behavior, and the role of citizens within their community, nation, and world.
One major issue that is contributing to a great deal of our collective anxiety regarding our current situation is rooted in financial issues. For many people, living paycheck to paycheck is a reality of their existence. What this means is that there are a number of people who (for whatever reason) struggle to pay their bills and save an adequate amount of money-in other words, their paycheck is spent (on bills, mortgages, car payments, rent, groceries, etc.) before they even receive it. As opposed to looking at this entirely negatively (which is what most of us find an easy thing to do), what if we looked at this as a time to reassess how we spend our money, and what we spend it on? The government is acutely aware of this situation for millions of people, and has offered advice on how to handle these trying times. Check out this information page from the Consumer Financial Protection Bureau (a federal department dedicated to protecting us, the consumers) and see if you agree or disagree with their suggestions. https://www.consumerfinance.gov/about-us/blog/protect-yourself-financially-from-impact-of-coronavirus/
Once you've read the article, think about what the CFPB is suggesting, and whether you agree or disagree with what they're saying. Do these suggestions make sense? Is this enough and adequate, or should the government do more? Is this an exceptional circumstance that requires broader action from the federal government? Or should individual states be handling the bulk of these issues? Write an essay with your response-standard length and scope (5 paragraphs).
Secondly, here is a lengthy article from the NY Times about the Covid 19 virus and the federal government's (in particular the CDC's) timeline and response to this. Read the article and summarize its contents in about 3 paragraphs. Additionally, take about 2 paragraphs and offer your own response and insight. What do you think about this, and how does it make you feel? https://www.nytimes.com/2020/03/28/us/testing-coronavirus-pandemic.html
Finally, here is an article from the Atlantic Monthly regarding the Covid 19 outbreak, and the ways to potentially end it. The Atlantic Monthly is regarded as a highly respected and academic publication, and offers next level analysis and interpretation of data and information. If you so choose, read this (again lengthy) article and respond to it. Do you think these are logical and reasonable conclusions that are suggested within? Once again, give me 3 paragraphs summarizing and 2 on your own thoughts. https://www.theatlantic.com/health/archive/2020/03/how-will-coronavirus-end/608719/
Hopefully, these assignments can give you a better perspective on what is happening, and how the economy is being affected by this situation. Stay safe and healthy, and hopefully we will all see each other again soon. Be well.