The Economics of Medieval Farming
The worst of the Famine is over. Wheat prices remain high. Wages are higher but have not kept up with prices. The economies of Europe and England remain unstable. Wars continue unabated and that means crippling taxes to fund the wars since the aristocracy have no other way to fund wars. The Famine hit the poor the hardest which means a labor shortage. Handing down one's estate to a son has been disrupted since about a third of those sons are now dead, passing those assets to distant cousins. Crop yields are poor even at their best because the farmers do not use modern methods of farming. Winters are longer and the temperatures are cooler thus shortening the growing seasons. Some scholars think that the Great Famine may have killed more people than the Black Death will in a few years. 
The Light of Wonder Is Extinguished
After a damaging earthquake in 1303, and another one now, the 7 Wonders of the Ancient World are minus 1 Wonder. The Lighthouse of Alexandria was 450 feet tall making it one the tallest structures in the ancient world. The blocks were interlocking and held together with melted lead. It's construction was completed around 247 BCE and used fire with a mirror at night and smoke during the day to warn ships off. A miniature replica named the Abusir Tower still stands near Alexandria.     
Thomas, the Saint
This is the year that Thomas Aquinas was made a saint. In 1270, Thomas Aquinas completed his "Summa Theologica" which contained, in part, a logical proof of the existence of God and remains an important part of philosophical thought to this day. Pope John XXII declares him a saint. When someone complained that he had performed no miracles, one cardinal replied, "there are as many miracles (in his life) as articles (in his Summa)."  
- Jordan, William Chester. "Part II: The Economics and Demography of the Famine in Rural Society". The Great Famine: Northern Europe in the Early Fourteenth Century, Princeton University Press, December 15, 1997. pp. 43-126. (BOOK)
- What is the average yield of wheat per acre?, Answers.com, 2014 [last update]
- Kitsikopoulos, Harry. Standards of Living and Capital Formation in Pre-Plague England: A Peasant Budget Model. The Economic History Review, New Series, Vol. 53, No. 2 (May, 2000). Economic History Society. pp. 237-261. (JOURNAL)
- Krystek, Lee. The Seven Wonders of the Ancient World: The Pharos Lighthouse, unmuseum.org, 1998.
- Lighthouse of Alexandria, TheWondersoftheWorld.net, 2011.
- Gill, N. S. (graduate level coursework on classics, University of Minnesota) Pharos Lighthouse - Information on the Pharos Lighthouse, about.com, 2014 [last update]
- Hirst, K. Kris. (MA in Anthropology, University of Iowa) A Miniature Pharos Lighthouse, about.com, 2014 [last update]
- Lighthouse of Alexandria - Wikipedia, 2014 [last update]
- Hampden, Renn Dickson. The Life of Thomas Aquinas: a Dissertation of the Scholastic Philosophy of the Middle Ages. Forming a portion of the third division of The Encyclopaedia Metropolitana. 1833. p. 54. (BOOK)
- Thomas Aquinas - Wikipedia, 2014 [last update]