Britain works to rebuild relationships Brexit severed

Britain works to rebuild relationships Brexit severed

Brexit gave the British people independence from Europe. But can the value of national sovereignty be quantified and is it worth more than economic stability? A line of trucks wait at Dover to cross the British Channel into Europe post-Brexit in December 2020. AP...

ND correspondent Alexander Nicoll dives into the post-Brexit world in this article, assessing the balancing act between national sovereignty and strong economic growth. He gets into the past, present and future Britain faces as it navigates its independence from the European Union.

Exercise: In an exercise to teach students synthesis skills, have students create a political cartoon illustrating the central tension in this article — the balance between national sovereignty and economic growth in Britain post-Brexit. How students choose to portray this tension is up to them, but they should consider including: a meaningful caption, public figures, symbols, dialogue, etc. It may be worthwhile to show the class examples of successful political cartoons to inspire ideas. 

Decoder: When protecting the environment makes more cents

Decoder: When protecting the environment makes more cents

The Great Barrier Reef isn’t just an endangered world wonder. Protecting the world’s largest coral reef system is also key to Australia’s economic growth. A diver swims past coral on the Great Barrier Reef in Australia, 18 October 2016. More than 90%...

Protecting the environment isn’t just the right thing to do, it can also be the profitable thing to do. Take the Great Barrier Reef, for example, which has an estimated value of $56 billion Australian dollars. Help your students disentangle the complicated world of environmental economics with this article. 

Exercise: After reading the article, have students take the WWF Carbon Footprint questionnaire at https://footprint.wwf.org.uk/#/. The questionnaire estimates individuals’ carbon footprint, looking at food, travel, home and consumption habits. After the questionnaire, launch a class discussion on how changes in individual habits may contribute to fighting climate change — and might even be a profitable choice.

When nations go deep in debt, it’s one giant I.O.U.

When nations go deep in debt, it’s one giant I.O.U.

If you owe too much money and can’t repay it, you could lose your car or home. Can a nation have too much debt? What happens then? Currencies from around the world. Getty Images. During the pandemic, businesses closed, people went into lockdown and governments...

Economic issues often confound students – and adults alike. The U.S. has hit its debt ceiling and Italy and Japan are dealing with massive amounts of national debt. But what does that mean and how does that differ from money a student’s family might owe – like a home mortgage or car loan? This month, Correspondent Tiziana Barghini decodes national debt, taking us through this complicated and timely topic.

Exercise: Give students a list of national budget expenses such as defense, food stamps, aid to public schools, road maintenance and construction, public safety etc., with percentages of the budget for each that add up to 92%. The other 8% will be interest payments on national debt. Then increase the percentage for the debt and have students try to get the overall number back to 100% by cutting spending elsewhere. As the payments on the debt go up, where will they find the money to pay it?

It’s too early to close the crypt on cryptocurrency

It’s too early to close the crypt on cryptocurrency

The collapse of several big players last year raised questions about the survival of cryptocurrency. But let’s not dig the grave yet on digital currency. A variety of cryptocurrency tokens. Credit: Roger Brown Memo to aspiring journalists: be wary of new year’s...

There’s been some pretty scary drops in the value of some cryptocurrencies – money that only exists as computer code. Last year, for example, crypto token Terra Luna fell from about $120 to two cents in less than 48 hours, wiping out entire fortunes. In this story, correspondent Robert Holloway explains what digital currency is, why it is so volatile and why it might just last.

Exercise: Give every student a stack of “currency” with each stack labeled differently. Then on a big screen have a chart that shows the value of each slip of paper according to the color or letter. Each value will start at $1,000 so if a student has 10 slips they start off with a stack worth $10,000. Present a list of commodities they can buy at different prices. Let them see how much they can buy with their currency stack. Then change the values of the currency on the chart for different students with some going up in value and some going down in value. How does that change how much each student can buy? What does it do to their net worth? Keep changing the values so that students experience wealth and poverty depending on what value is placed on their slips of paper.

Decoder: Investing in water isn’t money down the drain

Decoder: Investing in water isn’t money down the drain

Turn on the tap, and the world’s most valuable commodity pours out. Maybe it’s time to invest in water — to line our pockets and protect our planet. Clean water pours from a hose. Credit: Cassio Henrique. Getty Images. This article is the seventh in a...

Water is one of the most important commodities in the world. It is also tradable as companies seek to make money by purifying and distributing it. Some organizations that are pushing for climate change action are investing in water companies to pressure private industry to be better stewards of water. These investments in water stocks are proving to be financially profitable. 

Exercise: The story identifies a list of companies that provide water or water infrastructure: IDEX Corp., Xylem Inc., Danaher Corp., Ecolab, Roper Industries, Pentair Plc, Ferguson Plc and American Water Works Co. Inc. Divide students into investment teams with $1 million each to invest. Have them first brainstorm ways water and systems for providing water could be improved in their area or elsewhere. Then have them look up the website of one or more of those companies to see if they can tell what the company does to improve water supply or quality. Would their $1 million invested in that company help towards the improvements they identified as needed?

 

Economy