On Wednesday, the Council for Economic Education hosted “Vantage Point: Economic Perspectives from Wall Street Women,” featuring moderator Karen Finerman, CEO, Metropolitan Capital Advisors, Inc. Contributor, CNBC’s “Fast Money”; with panelists Mellody Hobson President, Ariel Investments Chairman, DreamWorks Animation SKG, Inc.; and Sallie Krawcheck, who recently acquired 85 Broads.

The women spoke to more than 100 other female, and some male, guests at the Harvard Club in New York City. Tackling tough questions from Finerman, Hobson and Krawcheck gave their opinions on everything from the European financial crises, to housing and the spending patterns of Gen X and Millennials.

The Wall Street Journal covered the event in this piece, highlighting the panelists’ opinions on the young generations and their savings habit.

“Ms. Hobson, speaking Wednesday at a panel hosted by the Council, said the cautionary tale of the downturn — as well as longer lives and careers — underscore the need for economic and financial literacy among young people.

Millennials are “the second-most conservative group of investors, right behind their grandparents,” said panelist Sallie Krawcheck, former president of global wealth and investment management for Bank of America Corp. The fact that young workers today likely will be retiring at an older age than their parents and grandparents means “we need a structural rethink” of how to save for that retirement, Ms. Krawcheck said.”

Learn more about the discussion and read the full story here.

Karen Finerman with panelists Sallie Krawcheck and Mellody Hobson; Nan J. Morrison at the podium.

POSTED: May 23, 2013 | BY: Leslie Rasimas | TAGS: economics, events, Financial Literacy, Panel Discussion, Saving, Vantage Point

Little Falls Community High School won for the second year in a row the National Championship title in the David Ricardo Division in the National Economics Challenge.

The winners, students Aaron Nilsen, Brian McNamara, Travis Spillum, and Eric Schmidt, and coach Tom Stockard, were welcomed home to Little Falls, Minnesota by a proud community and local press coverage.

“Little Falls represented Minnesota after winning first place in the state Economics Challenge competition, held April 7. It then advanced to the National Finals as one of the top four highest scoring teams at the National Semi-Finals competition, outpacing over 10,000 other students to win the all-expense paid trip to New York City.”

Read the full story here.

CEE wants to congratulate all of the winners at local, state and national levels. You can watch the National Championship Quiz Bowl here.

POSTED: May 22, 2013 | BY: Leslie Rasimas | TAGS: 9-12, Awards, Contest, economics, economics challenge, Students, teachers, video

Watch the finalists Carmel High School and Little Falls Community High School go head-to-head for the title of champions in the David Ricardo division, and watch Iolani School and Choate Rosemary Hall compete for the top spot in the Adam Smith division.

POSTED: May 20, 2013 | BY: Leslie Rasimas | TAGS: 9-12, Awards, Contest, economics, economics challenge, Students, video

Iolani School and Little Falls Community High School Named Champions in Nationwide Competition

NEW YORK, NY MAY 8, 2013 – The Council for Economic Education is thrilled to announce the winners of the 13th Annual National Economics Challenge, a rigorous academic competition putting students’ economic skills and knowledge to the ultimate test. Nailing questions that few adults could answer correctly, Iolani School, Honolulu, HI took home the top prize for the Adam Smith Division, (for advanced placement, international baccalaureate and honors students) and Little Falls Community High School, Little Falls, MN was named the winner of the David Ricardo Division (for students who have only taken a single-semester economics course).  These teams outpaced over 10,000 other students to win an all-expense paid trip to New York City for a two-day competition to determine the overall champions.  This year’s Challenge is generously supported by State Farm®.

In the Challenge, CEE applies the excitement of an athletic competition to academic excellence, providing students with the opportunity to apply their economics knowledge and work in teams. Competitions are held at the State, National Semi-Final, and National Final levels in the two divisions.  In each competition, teams of students answer rigorous questions on microeconomics, macroeconomics, international economics, and current events. At the National Finals, students complete rounds of testing, work in teams during a critical thinking round to solve a case problem, and participate in a quick-paced oral quiz-bowl in order to compete for the title of National Champions.

The four finalist teams face each other in the final round of the Challenge in a “quiz-bowl” format held in New York City.  Each team must have previously won in its state and been one of the top four highest scoring teams at the National Semi-Finals competition in order to advance to the championship series.

The eight Finalist teams placed as follows:

ADAM SMITH DIVISION
1st Place: Iolani School | Honolulu, Hawaii
2nd Place: Choate Rosemary Hall | Wallingford, Connecticut
3rd Place: Mounds View High School | Arden Hills, Minnesota
4th Place: Richard Montgomery High School | Rockville, Maryland

DAVID RICARDO DIVISION
1st Place: Little Falls Community High School | Little Falls, Minnesota
2nd Place: Carmel High School | Carmel, Indiana
3rd Place: Olympia High School | Olympia, Washington
4th Place: Lexington High School | Lexington, Massachusetts

“Every year, the students competing at this level impress me more and more with the breadth and sophistication of their knowledge,” said Nan J. Morrison, CEO and President of CEE. “Their grasp of complex economic concepts is remarkable at any age, but particularly so at the high school level. Congratulations Iolani and Little Falls on your achievements, and for setting the bar high for next year’s competition!”

POSTED: May 20, 2013 | BY: Leslie Rasimas | TAGS: 9-12, Awards, CEO, economics, economics challenge, Students

We’re broadcasting live from Tisch WNET Studios at Lincoln Center for the 13th Annual National Economics Challenge!

Watch the Quiz Bowl Finals in the David Ricardo and Adam Smith Divisions.

Click here to watch the Quiz Bowl Finals!

TWEET YOUR SUPPORT

Follow the Council for Economic Education on Twitter @council4econed. Get in on the action by using the hashtag #CEE to root for your team and share your thoughts as the quiz bowl unfolds.

VOTE FOR THE BEST TEAM VIDEO

Learn more about our amazing Finalist teams! Watch their video portraits that convey who they are as economics scholars, and vote once per day for your favorite video. The team with the most votes will receive a $100 Amazon gift certificate for their school and a $25 iTunes gift card for each student from the team.

Voting ends May 21 at 11:59 pm ET. Video contest has no influence on National Economics Challenge judging.

POSTED: May 19, 2013 | BY: Leslie Rasimas | TAGS: 9-12, Awards, economics, economics challenge, parents, Students, teachers, video

More than 10,000 students from 40 states participated in the 13th Annual National Economics Challenge, and now the top two teams from each division will go head-to-head for the title of National Champion.

WATCH IT LIVE!

This year’s quiz bowl will be broadcast live from Tisch WNET Studios at Lincoln Center in New York City on Sunday, May 19 at 3:00 pm ET. Tune into this exciting live event by visiting our Facebook on Sunday.

TWEET YOUR EXCITEMENT!

Follow the Council for Economic Education on Twitter @council4econed. Get in on the action by using the hashtag #CEE to root for your team and share your thoughts as the quiz bowl unfolds.

POSTED: May 17, 2013 | BY: Leslie Rasimas | TAGS: Contest, economics, economics challenge, Students, video