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What’s Fair?: New Theory on Income Inequality

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The increasing inequality in income and wealth in recent years, together with excessive pay packages of CEOs in the U.S. and abroad, is of growing concern.. Columbia Engineering Professor Venkat Venkatasubramanian has led a study that examines income inequality through a new approach: he proposes that the fairest inequality of income is a lognormal distribution (a method of characterizing data patterns in probability and statistics) under ideal conditions, and that an ideal free market can “discover” this in practice.

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Study: Brain Activity Can ID Potential Buyers

Participants went through MRIs, which showed their brain activity when they viewed campaign ads on cage-free eggs.

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Trending Stories Report for 27 May 2015

Trending news releases with the most views in a single day. Topics include: genetics, cancer, nanotech, elderly care, marketing research, energy, children's health, and immunology.

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Omitting Market Risk Factor Creates Critical Flaw in Case-Shiller Home Price Indices

The method used to calculate Standard & Poor’s Case-Shiller Home Price Indices, the most trusted benchmark for U.S. residential real estate prices, contains a flaw that likely could lead to misstating its monthly estimates, according to a newly published study led by faculty at Florida Atlantic University.

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New Study Reveals the Economic Damage Caused by the Financialization of Non-Financial Companies

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A new study from researchers at the University of Massachusetts Amherst concludes that workers and governments have paid a heavy price in lost employment, wages and taxes over the past 35 years as Main Street firms mimicked Wall Street by speculating in financial assets, while the benefits from these financial investments were reaped primarily by corporate debt and equity holders, fostering inequality and eroding general social welfare.

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Dhawan Expects Economy to Bounce Back in Second Quarter

Real Gross Domestic Product (GDP) grew at a paltry 0.2 percent for the first quarter of 2015, but Rajeev Dhawan of the Economic Forecasting Center at Georgia State University’s J. Mack Robinson College of Business doesn’t think the factors that drove this stagnation are here to stay.

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Expert Comment: Why Steve Hilton Is Right – by James Dempsey, University of Warwick

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Mobile Phone Bans Lead to Rise in Student Test Scores

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Banning cellphones in schools reaps the same benefits as extending the school year by five days, according to a study co-authored by an economist at The University of Texas at Austin.

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Model Predicts Which Delinquent Credit Card Holders Will Pay

Research from the McCombs School of Business at The University of Texas at Austin has identified a way to accurately predict which delinquent credit card accounts will repay an outstanding balance.

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Professors Contribute Collaborative Model for European Union

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A $7.5 million European Union-funded research project of more than four years proposes new public-private partnerships between government and private businesses that enhances security and controls and also employs intelligent software tools to reduce administrative loads.