National / International News
It was mostly calm Friday in Brussels, Belgium, where Greek debt negotiations are continuing.
Those talks have many layers to them, as the new Greek government doesn’t just want another bailout, but also to reverse some of the reforms Athens agreed to during its original bailout. The Greek finance minister is also a professor of game theory, which has prompted all kinds of game metaphors for the negotiations – from chess to poker to chicken, where neither side wants to change course.
“It’s this very fundamental, simple game theory here,” says Adam Lerrick, a scholar at the American Enterprise Institute. But he says Greece only has one card to play – threatening to leave the euro, which it believes would lead to disruption throughout the entire eurozone.
Nick Spiro of Spiro Sovereign Strategy says that card is a lot less valuable than it once was because Greece’s European partners are less worried about its problems spreading to other countries than they used to be.
While European leaders may not be using formal game theories in these negotiations, Bruce Bueno de Mesquita, a New York University politics professor who specializes in game theory, says they’re likely doing a more seat-of-the-pants version of it. He says we all do that, every day.
The secrets you keep at work: a lie you got away with, shortcuts you take — maybe even backs you dream of stabbing.
Do you have a story about your hidden workplace self? Tell us! (We won't tell anyone else, we swear!)
The secrets you keep at work... a lie you got away with, shortcuts you take, backs you dream of stabbing...
Do you have a story about your hidden workplace self ? Tell us! We won't tell anyone else!
When it comes to economic mobility, the traditional path to betterment is often education.
Education has, for many people, been the key to higher earnings and higher social status. These days, it seems quality education can't start early enough: parents jockey for spots for their toddlers in top schools and politicians debate the merits of universal pre-K.
But for all of the talk about early childhood education, not all that many kids are getting it.
Earlier this year, Education Week released its annual report card on the state of American education. When it comes to our youngest students, the country earned a D+. Less than half of 3- and 4-year-olds are currently enrolled in preschool.
Marketplace's education correspondent Amy Scott spoke with Marketplace Weekend about how early childhood education impacts future economic mobility.
Listen to the full interview in the media player above.
Gov. Tom Wolf has declared a moratorium on the death penalty in Pennsylvania, taking a stance he had embraced during his recent campaign. Wolf, a Democrat, was sworn in last month.