Warren Central High Sophomore Lands Top Spot in Fed-Sponsored Economic Essay Competition
BOWLING GREEN, Ky. -- Warren Central High sophomore Emily Foust beat out 119 other students in the region, including many juniors and seniors, for first place and a $500 Savings Bond in "Hot Topics in the News," an economic essay competition sponsored by the Louisville Branch of the Federal Reserve Bank of St. Louis.
Foust's paper, "Online Sharecropping: The Monetizing of Free Labor," sheds light on the practice of website owners using social networking sites such as YouTube and MySpace to providing users with step-by-step tools that make publishing their own website easier. The social networking site owners allow the users to expand the owner's site by permitting the users to create personal profiles, blogs, videos and more. The owner, in turn, profits by selling ad space on the users' self-created content. Foust participates in softball, and the marching and concert bands at Warren Central High. Topics of the other top three entrants were gasoline prices, health care expenses, and credit card debt. For more information on the competition and to view Foust's essay, log on to: http://www.stlouisfed.org/education/essay/. The contest attracted students not only from Louisville, but also high schools from western Kentucky and southern Indiana. Judging the entries were Sharon Kerrick, director of the Center for Economic Education at the University of Louisville; Mohammad Kaviani, associate director of the Center for Economic Education at Indiana University-Purdue University in Indianapolis; and Barry Brown, director of the Center for Economic Education at Murray State University. "We are very proud of Emily's contribution and that of all the students who competed this year," said Maria G. Hampton, senior executive of the St. Louis Fed's Louisville Branch. "We tell students that the best economic lessons they are going to find are outside their classrooms. Certainly, the paper Emily submitted reflects a sharp, observant mind." "The teaching of economics is critical to the educational process, " said Dr. Gary Ransdell, president of Western Kentucky University and chair of the St. Louis Fed's Louisville Branch. "As an educator, I'm thrilled for Emily and personally gratified that a resident of Bowling Green was recognized by the Federal Reserve." Most Popular
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