In addition to the immediate physical impacts Hurricane Sandy promises the Northeast, economists say the storm also will bring intrinsic financial effects that are sure to unfold over the next few days and linger through the coming months.
Observing the 2007-08 U.S. banking crisis and its devastating effects on the secondary mortgage market, Anne Zissu has responded by addressing recent history and the current state of this critically important market in a timely update of her 2005 book, The Securitization Markets Handbook: Structures and Dynamics of Mortgage- and Asset-Backed Securities (John Wiley & Sons, 2012).
Since early pioneer days, many have maligned the Great Plains of America as a hostile environment unfit for habitation. That unfavorable sentiment hardly changed for the next 200 years. However, new research conducted by Texas Tech University in conjunction with Joel Kotkin, the internationally recognized authority on global, economic, political and societal trends, and North Dakota’s Praxis Strategy Group predicts a boom in business for the once-defamed breadbox of the nation.
The Physical Internet – a concept in which goods are handled, stored and transported in a shared network of manufacturers, retailers and the transportation industry – would benefit the U.S. economy and significantly reduce greenhouse gas emissions, according to a new study by engineers at the University of Arkansas and Virginia Tech University.
Wichita State University's Center for Economic Development and Business Research has released the economic outlook for Kansas. Wichita State also released its 2013 Kansas Housing Markets Forecast, published by the WSU Center for Real Estate.
The angel investor market in the first two quarters of 2012 showed signs of steady recovery since the correction in the second half of 2008 and the first half of 2009, with total investments at $9.2 billion, an increase of 3.1 percent over the same period in 2011, according to the Center for Venture Research at the University of New Hampshire.
Before the financial crash of 2008, it was highly educated Americans who were most likely to pile on unmanageable levels of debt, a new study suggests.
No segment of the economy has been immune from the economic downturn, but U.S. clothing retailers have had a particularly rough time. Now, the apparel industry is facing another set of challenges: retaining customers as new competitors with game-changing ideas fight to break into the market. Marketer Brent Smith, Ph.D., says: “Conventional approaches, such as pushing a single garment like the khaki or generic white shirt, need a reboot."
Republican strength in Congress increases the share of income held by the top 1 percent, but the president’s political affiliation has no effect, suggests a new study in the October issue of the American Sociological Review that looks at the rise of the super-rich in the United States.
Steven C. Kyle, an expert in macroeconomic policy and an associate professor of management at Cornell’s Dyson School of Applied Economics and Management, comments on an increase in mortgage applications as actions by the Federal Reserve Board hold interest rates down.
Workers pour sweat, blood and even dollars into the firms that employ them, especially in a labor market characterized by employment and retirement insecurity, says Marion Crain, JD, expert on labor and employment law and professor of law at Washington University in St. Louis. “Work can shape one’s life in ways that run to the core of identity,” she says.
Dr. Richard C. Fording, chair of the UA political science department, finds several key lessons in former Massachusetts Gov. Mitt Romney's "47 Percent" remarks.
Moving from a high-poverty to lower-poverty neighborhood spurs long-term gains in the physical and mental health of low-income adults, as well as a substantial increase in their happiness, despite not improving economic self-sufficiency, according to a new study.
Between 2010 and 2011, the child poverty rate rose modestly across the nation to 22.5 percent. Today 16.4 million children live in poverty; 6.1 million of them are under age six, according to researchers from the Carsey Institute at the University of New Hampshire.
Congress has less than two weeks to act before the current five-year-old Farm Bill expires. Cornell University has experts available to talk about the implications of failing to pass a new Farm Bill, or of unwisely reconciling the Senate and House versions.
The United States, long considered a champion of economic freedom, plunged to No. 18 in new rankings published in the 2012 Economic Freedom of the World, an annual report co-authored by Florida State University economics Professor James Gwartney.
For the sixth straight year, city revenues around the country dropped in 2011, as costs of health care, pensions and infrastructure rose, says a public administration and infrastructure expert at the University of Illinois at Chicago.
With an 8.1 percent August unemployment rate and 12.5 million Americans out of work, a new Temple University study examines a neglected area of research: how the unemployment process impacts the willingness of those laid off to endorse or return to their previous employer.
Although the federal government’s 1996 reform of welfare brought some improvements for the nation’s poor, it also may have made extremely poor Americans worse off, new research shows. Welfare has become more difficult to obtain for families at the very bottom, who often have multiple barriers to work. As a result the deeply poor are doing worse.
Data released by the U.S. Census Bureau today show that, after increasing since 2008, the poverty rate for the U.S. remained stable at 15 percent between 2010 and 2011. In Washington state, the estimated poverty rate increased from 11.5 percent (774,000 residents) to 12.5 percent (854,000 residents) between 2010 and 2011.
When stock analysts aren’t sure how to assess the earnings of a hard to value firm, they often just predict those earnings will follow the general trend of the market, according to new research from the University of Iowa.
The “No More ‘Too Big to Fail’” rallying cry is unrealistic, says Cheryl Block, JD, federal taxation, budget and bailout expert and professor of law at Washington University in St. Louis. “When the next really big economic crisis arises, Congress is unlikely to stick to its ‘no bailout’ pledge,” she says.
New research reveals overconfident CEOs are more likely to pursue riskier projects with potentially greater rewards. David Hirshleifer at UC, Irvine’s Paul Merage School of Business and his coauthors published their findings in the latest edition of the Journal of Finance.
"Workforce Training in a Recovering Economy," released by the Education Policy Center at The University of Alabama, details the perceptions of state officials across the nation who are responsible for coordination and supervision of community colleges. Respondents reported expectations from business leaders, policymakers and the public that community colleges train workers – while also reporting that training funds from federal sources like the Workforce Investment Act and the American Recovery and Reinvestment Act have been exhausted. High unemployment has also strained the capacity of the schools, as more people seek new training, they said.
Although many U.S. consumers were alarmed to see news reports this summer of droughts leaving shriveled crops dying in the fields, John Stanton, Ph.D., professor of food marketing at Saint Joseph's University in Philadelphia, warns other factors will have a greater effect on Americans’ wallets. “Price increases from the droughts are likely to have short-term effects, but global issues can have a longer and greater impact,” Stanton explains, citing increasing demand from the rest of the world for crops like corn.
New research casts doubt on the widely held theory that individual investors’ decisions are driven mainly by their feelings toward losses and gains.
Medical research saves lives, suffering and dollars – while also creating jobs and economic activity. The United States has long led the world -- but risks losing out to Asia as the hub of medical discovery, a research team warns.
California neighborhoods reeling from record foreclosures also experienced lower levels of voter turnout in the 2008 presidential election. Voters who lost their homes and those who remained in impacted neighborhoods were less likely to cast ballots.
A real estate investor owns a big office-building complex and decides he needs $10 million to invest in energy-efficient improvements. He goes to the bank, where the loan officer says, “Sorry, we don’t do that kind of thing.” When it comes to underwriting commercial real-estate loans, energy efficiency hasn’t been a part of the conversation – but it should be, according to a new study, Energy Efficiency and Commercial-Mortgage Valuation, by Profs. Nancy Wallace,Dwight Jaffee, and Richard Stanton at the University of California, Berkeley's Haas School of Business.
The U.S. Census Bureau should reconsider income-based poverty measures in favor of a consumption-based method, according to a new study that strives to more accurately identify the neediest Americans.
A new statistical model predicts that by 2100 the number of people older than 85 worldwide will increase more than previously estimated, and there will be fewer working-age adults to support them than previously expected.
After pausing for a couple of months, the Leading Index for Indiana moved timidly upward, from 99.4 in July to register 99.6 in August. The LII, developed by the Indiana Business Research Center, is designed to reflect the unique structure of the Indiana economy. It is a predictive tool that signals changes in the direction of the economy several months before the economy has changed.
In a 2010 survey of laid-off workers across the United States, married moms spent more time between jobs and were overall less likely to find new jobs compared with married dads. Once re-employed, married moms experienced a decrease in earnings of $175 more per week compared with married dads.
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