STUDENTS CASH IN ON KNOWLEDGE.Byline: Mary Lou Aurelio Daily News Staff Writer A team of North Hollywood High School North Hollywood High School, originally called Lankershim High School when it opened in 1927, is a secondary school in North Hollywood in Los Angeles, California. The school mascot is the husky, and the school colors are blue, white, grey. students won $20,000 in scholarships Tuesday and the right to compete in Washington, D.C., in a contest that had them adjusting interest rates as a mock Federal Reserve Committee. The five-member team of Mani Mani (mä`nē): see Manichaeism. Mani or Manes or Manichaeus (born April 14, 216, southern Babylonia—died 274?, Gundeshapur) Persian founder of Manichaeism. Foroohar, Diana Hong, Jonathan Stout, Jonah Lehrer and Patrick Yeghnazar bested seven other schools to win the first-ever West Coast regional ``Fed Challenge.'' ``I have never been prouder to be a teacher than I am today,'' Carla Schiller said after her team was announced as the winners at the Federal Reserve Bank branch in downtown Los Angeles Downtown Los Angeles is the central business district of Los Angeles, California, located close to the geographic center of the metropolitan area. The sprawling, multi-centered megacity is such that its downtown core is often considered just another district like Hollywood or . ``It's not like we blew anyone away,'' Jonathan said of the daunting daunt tr.v. daunt·ed, daunt·ing, daunts To abate the courage of; discourage. See Synonyms at dismay. [Middle English daunten, from Old French danter, from Latin competition. ``It's just that we spent so many hours of work preparing and practicing as a team.'' The students will split the scholarship money. In addition, the high school will be given $11,000 and Schiller will receive $5,000 from the Federal Reserve System's annual competition, sponsored by Citibank. Teams from John Burroughs High in Burbank and from Notre Dame Notre Dame IPA: [nɔtʁ dam] is French for Our Lady, referring to the Virgin Mary. In the United States of America, Notre Dame in Sherman Oaks also competed. The North Hollywood team will represent the area in the national competition in May, vying for $30,000 in scholarships. The competition called for the students to do research, analyze data on near-term economic conditions and recommend whether the Federal Reserve should raise, lower or maintain interest rates. Posing as the Federal Open Market Committee led by Federal Reserve Chairman Alan Greenspan Alan Greenspan Dr. Greenspan is Chairman of the Board of Governors of the Federal Reserve System. Dr. Greenspan also serves as Chairman of the Federal Open Market Committee (FOMC), the Fed's principal monetary policymaking body. , each team made a 15-minute presentation on the economy and then fielded questions from the judges. The North Hollywood students were among those who recommended that the Fed should stay at the current rate, ``but should keep their eyes open for inflation.'' The North Hollywood team had the edge in the question and answer section, said Jim Charkins, a contest judge and professor of economics at California State University, San Bernardino California State University, San Bernardino is a state-funded university in San Bernardino, California, part of the California State University System. The university was founded in 1965. Enrollment annually tops 16,000 and is on pace to reach more than 20,000 by 2010. . ``Your ability to take the information and use it to analyze the facts shows the depth of your knowledge and that really was the tie breaker,'' Charkin said. Calvin Naito, Federal Reserve Bank spokesman, said the contest is healthy for teens. |
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