Everything You Ever Wanted to Know About the Economy and Economics

Photo by Andre Taissin on Unsplash

Written by Eileen Davenport

Inflation.  Interest rates.  Monetary policy.  Rate hikes.  The Fed.  The FOMC.  Cryptocurrency.  What exactly do these words mean, and how will it affect you?  These are some of the terms that many people use, but not everyone understands.  The Federal Reserve Bank of St. Louis has websites that outline and explain these concepts with brief papers on how these ideas affect the economy.  Open Vault explains economics in general terms, adding context to the market concepts that affect our lives every day.

Designed for teachers but useful for anyone with an interest in the subject, Econ Lowdown has resources on personal finance and economics.  The lesson plans are designed for K-college teachers, but clear definitions and real-world applications make the content here useful for anyone who wants to learn more.  You can learn at your own pace, and keep up-to-date with the latest updates on timely topics through the monthly Page One Economics newsletter.

IT’S WORLD CUP TIME!

Starting on November 20, in Qatar, and ending on December 18 with the final playoff, soccer fans will have almost a month’s worth of games in various venues or cities. Of course, not all games will be worthy of attention!

World Cup Trophy

And, yes, the United States is playing.

Here is more information from ESPN for you to find your favorite team or teams.

Enjoy.

Is This The Last Time We Fall Back?

At 2am this coming Sunday morning we fall back one hour as Daylight Saving Time comes to an end once again. Is this the last time? It’s possible, but probably not.

If there’s one thing that most Americans seem to be in agreement about, it’s that they don’t want to change clocks twice per year. Both physical and mental health suffer as our bodies adjust. There is a difference of opinion though on whether we should stick with DST all the time, or use Standard Time all of the time. There are compelling arguments on both sides. Many businesses see increased profits with more daylight in the evening. There is also evidence of a decrease in accidents and crime. Sleep experts, on the other hand, tell us that our bodies are at their best when the sun is highest in the sky at midday. This is more in line with Standard Time. So, while a majority would like to stop changing clocks, we can’t agree on which system to make permanent.

In March of this year, the US Senate picked a side and unanimously passed the Sunshine Protection Act, which is set to take effect in November of 2023 and make Daylight Saving Time permanent. This means that we would spring forward in March of 2023 and then just stay on that time, never having to switch back and forth again. In order for this to happen, the US House must also pass the act before it gets sent to the White House for signing. The act is stuck for now, with the House of Representatives not taking any action on the measure. So this could be the last time we fall back, but only time will tell.

Find out more about the history of timekeeping with these books from the library collection.

Voting Help: Voting for Judicial Candidates

Judges gavel

Often people skip the judicial candidates on the ballot because they have no idea who to vote for. It is much easier to research other types of candidates. How does the average citizen know which judicial candidates are qualified for the job? If you live in Cook County, the Vote for Judges website makes it easy. The Alliance of Bar Associations has compiled the ratings of 12 different Bar Associations into an easy to read chart in which the candidates are rated on their qualifications and whether each association recommends them or not. You can get to the chart from the Vote for Judges page — scroll down below “November 2022 Retention Election Evaluations” and click on the link for the PDF. (See screenshot below to see where to click – I highlighted the link in yellow.)

If you live in Dupage County, you can go to the Dupage County Bar Association Judicial Candidate ratings or to the Illinois Bar Association’s Judicial Candidates for Dupage County. If you live in Will County, I was only able to find compiles ratings from the Illinois Bar Association’s Judicial Candidate ratings for Will County.

If you need help researching any other candidates, please Ask a Librarian.

Cybersecurity Awareness Month

October is dedicated to raising awareness about digital responsibility and security. It reminds us to stay safe online by practicing basic cyber hygiene, staying informed through joining cyber communities and keeping an eye out for suspicious scams and phishing. Whether at home or work, it is our responsibility to protect our information by keeping inform and secured.

Follow four key actions recommended by the CISA.gov Cybersecurity Awareness Program:

4 Things You Can Do
Throughout October, CISA and NCA will highlight key action steps that everyone should take:
Think Before You Click: Recognize and Report Phishing: If a link looks a little off, think before you click. It could be an attempt to get sensitive information or install malware.
Update Your Software: Don’t delay — If you see a software update notification, act promptly. Better yet, turn on automatic updates.
Use Strong Passwords: Use passwords that are long, unique, and randomly generated. Use password managers to generate and remember different, complex passwords for each of your accounts. A passwords manager will encrypt passwords securing them for you!
Enable Multi-Factor Authentication: You need more than a password to protect your online accounts, and enabling MFA makes you significantly less likely to get hacked.

Learn more of what you can do to protect yourself all year long:
CISA Cybersecurity Awareness Program
National Cybersecurity Alliance

Download or Share this Cybersecurity Awareness Month 2022 Public Toolkit.


INFLATION

INFLATION

Saving money during times of inflation

What is inflation?

Definition: Persistent increases in the general level of prices. It can be seen as a devaluing of the worth of money. (From The Penguin Dictionary of Economics)

Simply stated: Everything costs more! Here are some cost saving tips from your MVCC library:

Entertainment Savings:

FREE ebooks, comics, music, eaudiobooks, movies and TV shows! Download Hoopla – log in with your MVCC connect info.

FREE streaming access to a collection of feature films- JAWS, Black Panther, Reservoir Dogs & more! Download SWANK Digital Campus – Log in with your MVCC connect info.

Hulu’s Student Discount – $1.99/ month for College students with ID.

Health/Fitness Savings:

Moraine Valley FitRec Membership for Full-time students (12+credit hours) FREE.

Part-time students (1-11 Credit hours) $60/semester.

Discover more ways to reduce expenses- borrow these books from your MVCC library (always free!)

What’s My Topic?

Is it time to start thinking about a topic for your paper or your speech? You might want to look at SIRS Researcher to get some ideas. SIRS Researcher is one database available through the Library website. In SIRS Researcher, you can browse topics and categories.

Opening page of SIRS Researcher database with SIRS Issues Researcher and Trending Topics titles highlighted in gold boxes.
Opening page of SIRS Researcher database.

You may find a topic that you have always been interested in or you may find a topic you don’t know much about. It’s easy to browse.

Page from SIRS Researcher database with Need help choosing a topic? title highlighted in gold box above a grid selection of 10 selections.
“Need help choosing a topic?” section of SIRS Researcher database.

SIRS Researcher has thousands of full-text articles exploring social, scientific, health, historic, business, economic, political, and global issues. The articles come from newspapers, magazines, scholarly journals, books, and government documents.

Access SIRS Researcher.

We also have a Help Guide for SIRS Researcher.

If you need help with this database or any database, Ask a Librarian!

The Library Pumpkin Contest returns…

The Library Pumpkin Contest, after a two-year hiatus, is returning! This contest unveils a lot of creativity on campus but its main idea is to be a fund-raiser for the scholarships that the library gives to some of its student workers.

But first a few words about the humble pumpkin…

This squash is a fruit – It can be eaten raw – It takes about 90-120 days to grow a pumpkin

Illinois is one of the major growers of the crop. According to the Illinois Department of Agriculture, 95% of the U.S. crop intended for processing is grown in Illinois. Other states that grow pumpkins are Indiana, Ohio, Pennsylvania, and California. (from Google)

Check out this book in the MVCC library:

Pumpkin : the curious history of an American icon     By Cindy Ott University of Washington Press, 2012, First edition. Located in the General Collection, SB347 .088 2012 Click here for the link to the catalog

Getting back to the important information about the contest! 

  • No carving of pumpkins, please. Artificial pumpkins are encouraged.

  • The Library Pumpkin Contest will start with the pumpkin drop off on Monday, October 24, 2022, 8 a.m., with voting being available too.

  • Voting will run through October 27, 9 p.m., and consists of purchasing votes at 25¢ or 5 for $1 and writing the number of your favorite pumpkin on the ticket.

  • Pumpkins are available for purchase at $20 and may be purchased at any time during the event. However, purchased pumpkins remain until the close of the event with the presentation of the trophy to the winner. This will occur on Friday, October 28 at 1 p.m.

  • Need more information? Contact Sue Yach at 708-974-5297 or yach@morainevalley.edu.

     HERE ARE SOME EXAMPLES FROM PAST PUMPKIN CONTESTS

Read Werewolf By Night: The Complete Collection Before the Marvel Special

Werewolf By Night: The Complete Collection Vol. 1 (Source: Hoopla)

What is Marvel’s Stage Four, “Werewolf by Night” all about? What we do know is that it is Marvel’s first-ever Halloween special is based on stories released years ago. If you want a sneak peek into all the hidden references, inside jokes, or clues in the series, read all three volumes of Werewolf By Night on Hoopla.

Click here to access all three volumes.

Click here to view the Werewolf By Night preview

The Book was Better

A Game of Thrones, The Wheel of Time, and The Lord of the Rings are some book-to-movie options that are available through MVCC’s library. images are taken from MVCC’s library catalog.

The release of House of the Dragon is one more entry in a line of television series that are based off of bestselling fantasy novels. These shows bring out the best of these novels, but like many other shows that are based off of a book, some important themes and elements are lost in translation. Reading the books are essential to become fully immersed in the lore and life of a fantasy series! Pictured above are some of the most popular shows that are based on beloved and bestselling book series. Come into the Moraine Valley library today and discover what your favorite television series is based on!

Click here for more information about these books and movies. If you want to check out what we have available in our current collection, click here.

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