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The costs of economic illiteracy

Discussions around financial literacy abound – and slosh over into the role (and track record) of journalism schools NOT teaching reporters how to educate the public. Or that it’s part of their job, to research a story sufficiently to inform and educate. Which is why we get a vibes election about inflation and the price of eggs. See? Sloshy.

En tout cas,  the Financial Times takes a run at efforts in Finlandia to learn-up their young charges with super-positive reinforcement:

Fully 91 per cent of Finnish students take part in a 10-lesson programme, during which they learn how business, the economy and society work as well as how to apply for a job. Finally, they are let loose in the business village for a day to practice teamwork in their work uniforms, buy drinks and food with the money they earn, and even find out what happens if they spend too much and they need to make emergency cash.

…

“The goal in Finland regarding financial literacy is that people make sustainable and value-creating economic decisions,” said Simo Karvinen, a teacher at Lauttasaari High School for International Business in Helsinki. “These decisions are made in various roles, whether as individuals, in households, in businesses, or almost in all activities within society. Therefore, it’s not just about how to manage your own financial wellbeing and capital.”

Anu Raijas, a financial literacy adviser at the museum of the Finnish central bank who led the writing of the national strategy on financial education, said the Nordic country still had more to do, particularly with women and less-educated young people.

Meanwhile, we’re missing flights trapped in circling robo taxis.

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Conflicting Ideas

That is, holding two (or more) conflicting ideas in your head at one time, and a butterfly net in your hand.

He envisioned them coming to the New World from Asia over millions of years in a series of waves.

Few professional lepidopterists took these ideas seriously during Nabokov’s lifetime. But in the years since his death in 1977, his scientific reputation has grown. And over the past 10 years, a team of scientists has been applying gene-sequencing technology to his hypothesis about how Polyommatus blues evolved. On Tuesday in the Proceedings of the Royal Society of London, they reported that Nabokov was absolutely right.

So… there are personal challenges and there are challenges that leap over the millennia. And sometimes these conflate or simply come together in one person. The point is, we could all be doing a lot more; don’t let yourself off so lightly. Come on, do something. Or something else.
Or else.