Category Archives: Economy

U.S. Workers Are ‘Giving Away The Store,’ Costing Firms Billions

EAST LANSING, Mich. — Nearly 70 percent of the nation’s service employees give away free goods and services – from hamburgers to cable TV – costing companies billions of dollars a year, according to a groundbreaking study.

Clay Voorhees, study co-author and marketing expert at Michigan State University, said one of the best ways to combat this illegal practice – called “sweethearting” – is through better screening of job candidates. (more…)

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Commentary in Nature: Can Economy Bear What Oil Prices Have in Store?

Stop wrangling over global warming and instead reduce fossil-fuel use for the sake of the global economy.

That’s the message from two scientists, one from the University of Washington and one from the University of Oxford in the United Kingdom, who say in the current issue of the journal Nature (Jan. 26) that the economic pain of a flattening oil supply will trump the environment as a reason to curb the use of fossil fuels. (more…)

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How the Big Three forgot Accounting 101

EAST LANSING, Mich. — The Big Three were so driven by short-term profits that they forgot – or ignored – basic accounting practices that could have guarded against production decisions with long-term damage, according to an award-winning study by Michigan State University and Maastricht University in the Netherlands. (more…)

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2012 Economic Forecast from UMD Business Faculty

COLLEGE PARK, Md. – A weak housing market, tight credit for small businesses, no significant growth in the banking sector, anemic consumer spending, and modest sales for retailers – that’s the outlook for 2012 according to experts at the University of Maryland’s Robert H. Smith School of Business.

“Several important dynamics frame the 2012 economic outlook,” says Cliff Rossi, Tyser Teacher Fellow and executive-in-residence. These factors include:

  • Massive financial leveraging across the board by sovereign countries, state and local governments, banks, businesses, and individuals;
  • Fear and uncertainty among consumers and investors, despite faint signs of optimism at times;
  • Political self-interest and brinksmanship increasingly interfering with effective policy making. (more…)

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Research Focuses on Youth, Chronic Illness and Employment

PhD candidate explores their interconnection

Like any 28 year old, Arif Jetha, a fourth-year PhD candidate at the University of Toronto’s Dalla Lana School of Public Health, is worrying about his future. Once he completes his PhD, should he remain at home with his parents and pursue post-doctoral work or move on to full-time employment and begin establishing his career? (more…)

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