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2012 Economic Forecast from UMD Business Faculty

By Guest PostJanuary 25, 2012Economy2012 economic outlook, american jobs act, banking industry, banking sector, black friday, canada, cliff rossi, congress, consumer spending, credit, debt crisis, Economy, european, foreclosure, global financial market, housing market, million dollar question, money, new york times, obama administration, President Obama, qr codes, revenue growth, robo signing, sba, sephora, small business administration, small business saturday, small businesses, unemployment, university of maryland, Wall Street Journal, walmart express

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…)

WHOI-Led Study Sharpens Picture of How Much Oil and Gas Flowed in Deepwater Horizon Spill

By Guest PostSeptember 6, 2011Environmentacoustic doppler current profiler, adcp, alexandra h techet, amount of oil released into the gulf, andrew bowen, barrels, blown out, chris reddy, congress, dana r yoerger, daniela di iorio, deepwater horizon leak, deepwater horizon oil spill, doppler measurements, Environment, flow rate technical group, frtg, gulf of mexico, imaging multibeam sonar, jeffrey s seewald, judith fenwick, louis l whitcomb, macondo well, maxx3, MIT, natural gas, oil, pnas, proceedings of the national academy of sciences, remotely operated vehicle, richard camilli, sean p silva, well fluid, whoi, woods hole oceanographic institution

In a detailed assessment of the Deepwater Horizon oil spill, researchers led by a team from the Woods Hole Oceanographic Institution (WHOI) have determined that the blown-out Macondo well spewed oil at a rate of about 57,000 barrels a day, totaling nearly 5 million barrels of oil released from the well between April 20 and July 15, 2010, when the leak was capped. In addition, the well released some 100 million standard cubic feet per day of natural gas. (more…)

Who Wants to Deliberate with Politicians? More than Some Expected, Study Finds

By Guest PostApril 8, 2011Culture, Politicsamerican public, citizens hate politics, congress, conventional wisdom, david lazer, deeply misleading, deliberative democracy, democrats, digital government program, michael neblo, political corruption, political discourse, republicans, stealth democracy

Conventional wisdom suggests that average citizens hate politics, loathe hyper-partisan gridlock, balk at voting even in presidential election years and are, incidentally, woefully ill-informed.

Given that, the thinking goes, it’s reasonable to conclude that citizens want less, not more, involvement in politics.

But that widely accepted theory does not survive empirical scrutiny, a team of researchers that includes a University of Colorado Boulder political scientist found. (more…)

Did Obama’s Election Kill the Antiwar Movement?

By Guest PostApril 6, 2011Politicsafghanistan, americans, anti-obama attitudes, anti-republican, anti-republican sentiments, antiwar movement, antiwar protests, capitol hill, Chicago, congress, critical mass, d c, democratic party, democrats, election, fabio rojas, Iraq, libya, michael heaney, new york, Obama, political system, presidency, pro-war decisions, radical political attitudes, republicans, united states, war, Washington

ANN ARBOR, Mich.— Since 2003, the antiwar movement in the United States has had much to protest with Americans fighting in Iraq, Afghanistan and now Libya, but the movement—which has dropped off sharply the past two years—may be more anti-Republican than antiwar, says a University of Michigan researcher.

A new study by U-M’s Michael Heaney and colleague Fabio Rojas of Indiana University shows that the antiwar movement in the United States demobilized as Democrats, who had been motivated to participate by anti-Republican sentiments, withdrew from antiwar protests when the Democratic Party achieved electoral success, first with Congress in 2006 and then with the presidency in 2008. (more…)

The Horrific Derivatives Bubble That Could One Day Destroy The Entire World Financial System

By Guest PostAugust 9, 20101 commentEconomyAIG, city of london, congress, credit default swaps, derivatives, derivatives bubble, financial instruments, french president, global economy, jacques chirac, quadrillion, taxpayer, tsunami, u s economy, Wall Street, Warren Buffet, world financial system

Today there is a horrific derivatives bubble that threatens to destroy not only the U.S. economy but the entire world financial system as well, but unfortunately the vast majority of people do not understand it. When you say the word “derivatives” to most Americans, they have no idea what you are talking about. In fact, even most members of the U.S. Congress don’t really seem to understand them. But you don’t have to get into all the technicalities to understand the bigger picture.

(more…)

Tag Archives: congress

2012 Economic Forecast from UMD Business Faculty

WHOI-Led Study Sharpens Picture of How Much Oil and Gas Flowed in Deepwater Horizon Spill

Who Wants to Deliberate with Politicians? More than Some Expected, Study Finds

Did Obama’s Election Kill the Antiwar Movement?

The Horrific Derivatives Bubble That Could One Day Destroy The Entire World Financial System