Economy – Page 44 – Shamskm: A site to exchange knowledge and solutions

MSU Helps Transform Michigan into A Wine Destination

By Guest PostOctober 24, 2011Culture, Economygrape producer, michigan, viticulture program, wine connoisseur, wine destination, wine grape growers, wine industry

EAST LANSING, Mich. — Michigan has established itself as a wine destination, and Michigan State University has played a pivotal role in all aspects of the industry’s growth. (more…)

Chinese Americans Don’t Over Borrow, MU Study Finds

By Guest PostOctober 23, 2011Economyamerican economy, bad mortgage loan, chinese americans, consumer debt, debt problems, economic recession, financial education, mortgage balance

*Financial education needed to help U.S. economy

COLUMBIA, Mo. – Bad mortgage loans and rampant consumer debt were two of the primary causes for the recent economic recession in the U.S. Despite a national trend of debt problems, a University of Missouri researcher has found one American population that holds almost no consumer debt outside of typical home mortgages. (more…)

When It Comes To Charitable Giving, People Respond To Their Immediate Emotions, Cu Study Says

By Guest PostOctober 7, 2011Culture, Economycharitable decisions, charitable donations, charitable organization

When considering giving money to humanitarian crises people often donate in response to events that grab their immediate emotions, according to a recent study by researchers at the University of Colorado Boulder and Dresden University of Technology in Germany. (more…)

Rich Country, Poor Country: Economists say Financial Sector Key Driver of Economic Growth

By Guest PostOctober 3, 2011Economyamerican economic review, computer-based economic model, economic growth, economic landscapes, emerge from poverty, federal reserve bank, finance and development, financial sector key driver of economic growth, francisco j. buera, jennifer roche, joseph kaboski, minneapolis, poor country, relationship between development and finance, rich country, ucla, university of california, uUniversity of notre dame, washington university, yongseok shin

Economists have long suspected that one reason developing countries struggle to emerge from poverty is that they lack robust financial sectors, especially when compared to wealthier nations.

Although it may seem obvious that a weak financial sector would stifle growth within a developing country, few economists until now have tried to determine just how this phenomenon occurs. This has made it difficult for policymakers and investors to understand how financial markets may be failing and to create effective solutions to correct them.

Economists Francisco J. Buera of UCLA and the Federal Reserve Bank of Minneapolis, Joseph Kaboski of the University of Notre Dame, and Yongseok Shin of Washington University in St. Louis present important insights into this phenomenon in a paper recently published in the journal American Economic Review. (more…)

Anderson Forecast: U.S. Economy stalled, Employment ‘Horrible,’ but No New Recession

By Guest PostSeptember 25, 2011Economycoastal california, david shulman, domestic product growth, edward leamer, far worse, forecast economists remain, intellectual capital, no recession alarm, stall speed, the california forecast, the national forecast, ucla anderson forecast, university of california

In its third quarterly report of 2011, the UCLA Anderson Forecast says the outlook for the nation’s economy is “far worse” than it was just three months ago.

Considering the weak, revised data for the first half of the year, the forecast calls for average gross domestic product growth of just 0.9 percent on average for the five quarters — this year’s four and the first quarter of 2012.

However, Forecast economists remain steadfast in their assertion that the U.S. is not currently in a recession, nor is there a recession in the forecast through 2013. (more…)

Better Ways to Hire, Announce a New CEO

By Guest PostSeptember 21, 2011Economybetter decisions, business professor, corporate jet, firm, information, management, new ceos, self image, steven boivie, strategic noise, university of arizona

*Two studies by a UA business professor examine the hiring of CEOs, finding that new CEOs make better decisions when their self image is tied to the firm and that “strategic noise” can soften market response to a new hire.*

Two new papers co-authored by assistant professor of management Steven Boivie at the University of Arizona uncover novel facets of CEO and firm performance.

The first of the papers, out now in the Academy of Management Journal, finds a new remedy to the CEO agency problem. Instead of trying to design incentives and controls to keep corporate leaders acting in the best interest of the company, Boivie and his co-authors demonstrate that boards should try to hire leaders who strongly identify with the company itself. (more…)

Bailed-out Banks Issued Riskier Loans

By Guest PostSeptember 18, 2011Economybailed-out, banks issued riskier loans, capital purchase program, denis sosyura, federal bailout money, federal program, loan-to-income ratio, ran duchin, risky investments, tarp banks increased 10 percent, troubled asset relief program

ANN ARBOR, Mich.—Banks that received federal bailout money ended up approving riskier loans and shifting capital toward risky investments after getting government help, say University of Michigan researchers.

In a new study on risk-taking by banks that received funds from the Troubled Asset Relief Program, finance professors Ran Duchin and Denis Sosyura of Michigan’s Ross School of Business found that the overall risk level of TARP banks increased 10 percent. Further, these banks were no more likely to issue loans, overall, than non-TARP banks, in contrast to the declared objective of the federal program to increase lending. (more…)

USGS Releases Resource Estimate for Afghanistan Rare Earth Prospect

By Guest PostSeptember 15, 2011Economyafghanistan, geologic assessment techniques, khanneshin carbonatite, mineral resource assessment, rare earth element, resource estimate

The U.S. Geological Survey (USGS) estimates at least 1 million metric tonnes of rare earth element resources within the Khanneshin carbonatite in Helmand Province, Afghanistan. This estimate comes from a 2009-2011 USGS study funded by the Department of Defense’s Task Force for Business and Stability Operations (TFBSO). (more…)

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