Biden invoked the Defense Production Act to help end the shortage of baby formula. AP Photo/David J. Phillip By Erik Gordon, U. of Michigan | May 20, 2022 U.S. President Joe Biden on May 18, 2022, announced he is invoking the Defense Production Act to help end the shortage of baby formula stressing out parents… Read More »
By Ingo Geiger | April 19, 2022 EU Commission proposes directive to implement OECD agreement on global tax justice. Multinational corporations such as Amazon, Facebook, and Apple are to pay a minimum tax of 15 % in the future. A tax shifting scheme is also to be adopted, obliging corporations to pay taxes where they generate… Read More »
By Richard Brody | December 28, 2021 Since, we don’t have a crystal ball, it is impossible to predict, accurately, the future! This is especially true, when, it comes to economic issues, including investment, real estate, interest rates, inflationary pressures, government actions, international factors, etc. What are the ramifications of inflation, recession, interest rates, Federal Reserve Bank decisions,… Read More »
Alexander Tziamalis, & Konstantinos Lagos | May 18, 2020 It is common to hear people say that the epoch of enormous economic progress which characterised the last century is over. That a decline in prosperity is more likely than an improvement in the decade which lies ahead of us. The famous economist John Maynard Keynes… Read More »
By Michel A. Bell | May 20, 2020 Layoffs are not a long-term answer for firms when they face tough times. Nine-eleven and the Great Recession tested firms with no-layoff policies. Southwest Airlines, Marriott, FedEx, Honeywell, Toyota, to name a few, passed the test. I should add that I am talking about permanent employees in… Read More »
Paige Marta Skiba, Dalié Jiménez, Michelle McKinnon Miller. Pamela Foohey, & Sara Sternberg Greene | May 13, 2020 As more Americans lose all or part of their incomes and struggle with mounting debts, another crisis looms: a wave of personal bankruptcies. Bankruptcy can discharge or erase many types of debts and stop foreclosures, repossessions and wage garnishments. But… Read More »
By Benjamin A. Priday | May 7, 2020 At least half of American families have been giving money to charity every year – but that fraction had been declining prior to the global pandemic. We’re living in a very different world now. Millions are unemployed, the needs of nonprofits are ballooning and there are constant… Read More »
Deidra Miniard, Joe Kantenbacher, & Shahzeen Attari | May 5, 2020 Political divisions are a growing fixture in the United States today, whether the topic is marriage across party lines, responding to climate change or concern about coronavirus exposure. Especially in a presidential election year, the vast divide between conservatives and liberals often feels nearly impossible to… Read More »
By Steven E. Salterio | April 30, 2020 Predictions about the effects of the coronavirus pandemic on the world’s economy arrive almost daily. How can we make sense of them in the midst of this economic storm? After all, research shows that economic forecasts made during events such as SARS are often wildly inaccurate. To… Read More »
By P Mathivanan | January 13, 2020 Distinction between Bitcoin and Currency of Central Banks What is the difference between central bank authorized currency and Bitcoin? The bearer of central bank authorized currency can merely tender it for exchange of goods and services. The holder of Bitcoins cannot tender it because it’s a virtual currency not… Read More »