The American middle class was sinking into debt well before the onset of the recession and the housing crisis, a development that took a heavy toll on its net worth once the economic downturn began in 2008, according to a study by New York University economist Edward Wolff.
In July, the city of Detroit became the largest city in the United States to file for bankruptcy. Eight cities and towns have filed for bankruptcy since 2010, and an additional 28 utilities, water districts, hospital authorities and other municipal units have also gone bankrupt in the wake of the financial crisis. Ken Kriz, Regents distinguished professor and director of the Kansas Public Finance Center in the Hugo Wall School of Urban and Public Affairs at Wichita State University, explains why bankruptcy is such a difficult option.
Tim Yeager, finance professor at the University of Arkansas and former economist at the Federal Reserve Bank of St. Louis, is available to comment on the Federal Reserve’s announcement Monday that the 18 largest U.S. banks have failed to satisfy at least one of the five areas critical to risk management and capital planning.
People in end-stage kidney failure in need of a kidney transplant are much less likely to be placed on a waiting list for a new kidney or to actually receive a new kidney once on the list if they are unemployed or work part time, according to new collaborative research from the University of New Hampshire.
Survey results of the monthly Rural Mainstreet Index from independent bankers in a 10-state area.
What happens to renewable energy programs in a country in a full-scale debt crisis -- do the programs whither and die in the winds of austerity? How do people view such programs when many of them can't afford to heat their houses? The answers to these two questions are actually linked, according to a new analysis in the JRSE.
The decline and disappearance of stable, unionized full-time jobs with health insurance and pensions for people who lack a college degree has had profound effects on working-class Americans who now are less likely to get married, stay married, and have their children within marriage than those with college degrees, a new University of Virginia and Harvard University study has found.
Cutting or regulating the paychecks of top executives won’t avert future economic crises and recessions because the source of corporate risk taking and fraud typically emerges from non-executive employees, according to a leading financial law expert at Cornell University.
Wealthier minorities were more likely to receive subprime loans than were affluent whites, according to a New York University study of Home Mortgage Disclosure Act (HMDA) data from 2006 — the peak of the previous decade’s housing boom. Moreover, black and Latino applicants were more likely to be denied prime loans — even after controlling for gender and income.
Since the mid-1980s, unrestrained household spending has damaged American family finances — despite the fact that globalization and technological change have caused consumer prices to fall widely, says Queens College sociologist Joseph Nathan Cohen.
The onset of the Great Recession and, more generally, deteriorating economic conditions lead mothers to engage in harsh parenting, such as hitting or shouting at children, a team of researchers has found. But the effect is only found in mothers who carry a gene variation that makes them more likely to react to their environment.
The strikingly high prevalence of Type 2 diabetes in the American South can be partially traced to rapid economic growth between 1950 and 1980, new research suggests.
People who feel isolated are more inclined to make risker financial decisions for bigger payoffs, according to new research presented at the American Psychological Association’s 121st Annual Convention.
The unemployment rate is in a holding pattern and so is your career. Will you be ready for the next move when the job market expands?
In 2002, the federal government mandated that corporate boards of directors include at least one “audit committee financial expert” to help avert future accounting scandals. But the title and description of that position may have an unintended negative effect on the gender diversity of corporate boards, argues Seletha Butler, assistant professor of law and ethics at Georgia Tech Scheller College of Business.
A UT Dallas finance expert's new research suggests that before you invest in certain industries, it could pay off to consider which political part is in the White House. Dr. Jun Li, assistant professor of finance in the Naveen Jindal School of Management, found that industries that benefit directly or indirectly from government spending have higher-than-average profits during Democratic presidencies. These include defense, oil and gas, shipbuilding and scientific research.
American workers who found themselves in part-time positions in the aftermath of the economic downturn still struggle to find full-time work and are much more likely to be living in poverty than their peers with full-time work, according to new research from the Carsey Institute at the University of New Hampshire.
Analyzing the maize trade among 217 nations suggests that if U.S. maize exports are disrupted due to environmental or other factors, supplies and food security in many nations could be jeopardized due to the bilateral nature of trade patterns.
More food producers need to create sustainable business strategies that not only reduce emissions but guarantee a healthier future for both their businesses and consumers, according to a July 14 panel discussion at the 2013 Institute of Food Technologists (IFT) Annual Meeting & Food Expo® in Chicago held at McCormick Place.
A researcher finds correlation between financial arguments, decreased relationship satisfaction.
U.S. lodging executives’ sentiment about general business conditions was up slightly in May compared to the prior month, according to the University of New Hampshire Lodging Executives Sentiment Index (LESI) for the current month ending May 2013. The index moved from 69.3 in April 2013 to 71.2 in May 2013.
Bankruptcy expert Daniel L. Keating, JD, professor of law at Washington University in St. Louis, is warning policymakers that any tweaks to the bankruptcy code could have unintended consequences and do little to improve the system. The ABI (American Bankruptcy Institute) Commission to Study the Reform of Chapter 11 is collecting input and will prepare recommendations for Congress in coming months.
High-frequency trading strategies that exploit today's fragmented equity markets reduce investor profits overall, according to new findings by University of Michigan engineering researchers.
A new study by accounting professor Yaniv Konchitchki finds greater transparency in firms’ earnings has a positive effect on the bottom line.
To continue building their companies, growth entrepreneurs depend on short-term, liquid sources of debt financing such as bank loans, even though winning a thumbs-up from bankers is no cakewalk. Yet University of New Hampshire researchers have shed new light on how entrepreneurs can influence their creditworthiness.
It is a long-held assumption that large cities benefit from economies of scale. New research by Boise State University visiting professor of economics Michail Fragkias questioning this assumption could help shape how major cities are built and managed in the coming decades.
A new study suggests that U.S. businesses pay almost $6,000 per year extra for each employee who smokes compared to the cost to employ a person who has never smoked cigarettes. Researchers say it's the first study to take a comprehensive look at the financial burden for companies employing smokers.
A recent study of physical attractiveness and how it impacts real estate brokers’ pay and productivity shows that the more attractive the real estate agent, the higher the listing price of the home for sale.
A study of 365 sell-side financial analysts shows that private phone calls with managers remain an essential source of analysts’ earnings forecasts and stock recommendations – even in light of regulations limiting businesses’ selective disclosure of financial information.
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