blog postsBusinessStudy: Medicare prescription drug benefit reduced elderly mortality by more than 2 percentMar 9, 2017 8:45 am695 views The implementation of Medicare’s prescription drug benefit program has reduced elderly mortality by 2.2 percent annually since 2006, says a new study by Julian Reif, a professor of finance and of economics at Illinois.BusinessAnnouncementsNew online master’s degree in strategic brand communication to prepare future brand leadersJan 5, 2017 9:00 am2429 views The online master’s degree in strategic brand communication, a unique joint program between the College of Business and College of Media, aims to prepare the strategic leaders of tomorrow in an ever-changing global digital-media environment.Business‘Cultural distinctiveness’ can influence consumer preferences for certain products, study saysDec 15, 2016 9:15 am473 views The concept of “cultural distinctiveness” prompts consumers to fulfill a need to connect with home by favoring brands or products associated with a related cultural group, says U. of I. business professor and branding expert Carlos J. Torelli.BusinessPaper: Credit status not a good predictor of worker productivityDec 15, 2016 9:15 am165 views Credit screening as a condition of employment is a flawed practice that can result in discrimination against low-income and minority applicants, says research from Andrew Weaver, a professor of labor and employment relations at Illinois.BusinessEducationNew book explores forces behind Chicago Teachers Union strike of 2012Dec 14, 2016 8:45 am608 views A new book co-written by University of Illinois labor professors Steven K. Ashby and Robert Bruno chronicles the seven-day strike by the Chicago Teachers Union in 2012.BusinessLaw‘Cadillac tax’ may precipitate wholesale changes to employer-provided health care insuranceDec 12, 2016 9:00 am514 views Even if the Affordable Care Act is ultimately repealed, the law’s so-called “Cadillac tax” on high-cost health care plans has already affected employers’ health insurance offerings, says Richard L. Kaplan, the Peer and Sarah Pedersen Professor of Law at Illinois.Physical SciencesBusinessTSA could save money by waiving PreCheck fees for frequent travelers, study findsDec 5, 2016 8:45 am831 views There could be an easy way to reduce lines at the airport, increase security, and save the Transportation Security Administration money, according to a new study by University of Illinois researchers: waive the $85 fee for frequent fliers to enroll in the TSA PreCheck program, which allows pre-screened, verified travelers to go through expedited security at airports.BusinessPaper: Corporate board ‘interlocks’ lead to managerial entrenchmentDec 1, 2016 9:15 am396 views The Rolodexes of the business elite help account for the surprising resilience of managerial control of publicly held corporations, leading to an entrenched management structure that comes at the expense of shareholder value, says research from U. of I. labor professor Richard Benton.BusinessLife Sciences‘Nudges’ an inexpensive, effective way to increase completion of health promotion programsDec 1, 2016 9:15 am275 views Keeping your message brief and simple – on the level of a gentle reminder, as opposed to constant nagging – can produce gains when trying to increase engagement with health care programs, says new research from U. of I. professor and social psychology expert Dolores Albarracin.BusinessWhat’s in a name? For young Chinese consumers and foreign brands, it’s about culture mixingOct 3, 2016 9:15 am1042 views Younger, more cosmopolitan Chinese consumers tend to favor brand translations that keep both the sound and the meaning of the original name, says U. of I. business professor and branding expert Carlos J. Torelli.BusinessLife Sciences‘Sleeper effect’ accounts for durability of weak messages from credible sourcesSep 13, 2016 8:45 am941 views The least convincing arguments can reverberate in the public consciousness over time – provided they’re delivered by a credible source, says new research from U. of I. psychology professor Dolores Albarracin.BusinessExpert: Abolish partisan elections for Illinois judgesAug 22, 2016 9:30 am630 views With popularly elected judges, political influence pervades and taints Illinois courts, said U. of I. legal expert Michael LeRoy.BusinessFor sensation-seekers, the color red can elicit rebelliousness, study findsAug 17, 2016 8:45 am308 views The widespread use of the color red to signal danger can actually be counterproductive for certain people, says research co-written by Ravi Mehta, a professor of business administration at Illinois.BusinessSkills gap for U.S. manufacturing workers mostly a myth, paper saysAug 15, 2016 10:15 am747 views Despite the outcry from employers over the dearth of job-ready workers, three-quarters of U.S. manufacturing plants show no sign of hiring difficulties for job vacancies, says new research from Andrew Weaver, a professor of labor and employment relations at Illinois.BusinessPaper: Strategic trade-offs in automobile design affect market-share valueAug 3, 2016 8:45 am644 views Car companies can either “design for satisfaction” by investing in function and ergonomics or “design for delight” by investing in form, says new research from Raj Echambadi, a professor of business administration at Illinois.BusinessNew book explores lessons learned from the ‘bottom up’ in subsistence marketplacesJul 28, 2016 9:15 am720 views A new book by Madhu Viswanathan, the Diane and Steven N. Miller Professor in Business at Illinois, explores the author’s personal journey as a scholar studying people living in poverty as well as how the impoverished function in the marketplace as consumers and entrepreneurs.Expert ViewpointsBusinessWould a universal basic income in the U.S. reduce inequality?Jun 22, 2016 1:00 pm811 views A Minute With...™ labor expert Robert BrunoHealthBusinessLife SciencesVeterinary MedicineHuman trials of cancer drug PAC-1 continue with new investmentMay 24, 2016 1:45 pm2616 views Clinical trials of the anti-cancer agent PAC-1 are continuing to expand, thanks to a $7 million angel investment from an anonymous contributor who originally invested $4 million to help get the compound this far in the drug-approval pipeline.BusinessPaper: Young workers hit hardest by slow hiring during recessionsMay 16, 2016 10:00 am536 views When hiring slows during recessions, the brunt of job losses is borne by job-seekers in their twenties and early thirties, according to a new paper by Eliza Forsythe, a professor of labor and employment relations and of economics at Illinois.Expert ViewpointsBusinessWill regulating e-cigarettes be good for public health?May 10, 2016 11:15 am277 views A Minute With…™ Julian Reif, expert in health care economicsSocial SciencesBusiness‘Mobilization fatigue’ leads to diminishing returns for labor-backed voter turnout drivesApr 18, 2016 9:00 am349 views Repeated voter contact across multiple election cycles can eventually lead to “mobilization fatigue,” says new research from U. of I. labor professor Ryan Lamare.BusinessU of I Flash Index drops to lowest level since December 2012Apr 13, 2016 1:45 pm72 views The University of Illinois Flash Index, which tracks economic activity in the state, fell for the second consecutive month in April, dropping to its lowest level since December 2012.BusinessFlash Index down in March as Illinois economy lags behind rest of nationApr 1, 2016 3:15 pm25 views The U. of I. Flash Index declined in March to 105.1 from its 105.6 level in February.BusinessEducationSpending on public higher education overlooks net benefits as investment in state’s futureMar 10, 2016 9:00 am903 views Thinking of higher education funding as an investment that lowers costs – and not as mere consumption spending – could reframe the debate in Springfield, according to research from Walter W. McMahon, an emeritus professor of economics and of educational organization and leadership at the University of Illinois.BusinessU. of I. Flash Index moves up in February as Illinois economy continues modest growth rateMar 3, 2016 9:00 am61 views Illinois’ economy continues to grow at a modest rate despite a slight uptick in the unemployment rate, according to the University of Illinois Flash Index.Expert ViewpointsBusinessSocial SciencesWhy not have one national primary election for presidential nominees?Feb 16, 2016 10:45 am1512 views A Minute With...™ Mattias Polborn, professor of economics and political scienceBusinessPaper: Homeownership a ‘dream deferred’ for millennial generationFeb 8, 2016 10:45 am20215 views Millennials face significant hurdles in their quest for homeownership, said Yilan Xu, a professor of agricultural and consumer economics at Illinois and co-author of a new paper examining homeownership trends among those born between 1980-2000.EducationBusinessHealthSocial SciencesBeyond the big ads: teaching kids ad literacy and nutrition in grade school classroomsFeb 4, 2016 1:45 pm1094 views The Super Bowl will feature car ads, beer ads, food ads – but probably none for carrots. Most food ads, game time or anytime, are pitching less-healthy fare. Kids are often the target. Do they understand what an ad is? Who made it and why? Advertising professor Michelle Nelson worked with an Illinois school district to develop an advertising literacy curriculum that also promotes healthy eating. BusinessIllinois' economic slowdown is consistent with national trendFeb 2, 2016 8:30 am185 views The U. of I. Flash Index fell again in January to 105.3 from its 105.5 level in December. As was the case last month, this is the lowest reading since March 2013 (104.7). This is consistent with data indicating a national economic slowdown.BusinessGood boss? Bad boss? Study says workers leave bothJan 27, 2016 10:15 am3095 views Workers leave both good bosses and bad bosses, a finding that companies can use to their strategic advantage, according to research from Ravi S. Gajendran, a professor of business administration at Illinois.BusinessU. of I. Flash Index: State's economic growth slowed considerably at end of 2015Jan 4, 2016 4:30 pm65 views The U. of I. Flash Index fell to 105.5 in December from its 106.1 level in November. This is not only the lowest reading all year, but the lowest reading since March 2013.Campus LifeBusinessSocial SciencesBook Corner: A look at how the Supplemental Nutrition Assistance Program affects health and well-beingDec 17, 2015 9:00 am434 views A new book looks at aspects of how the Supplemental Nutrition Assistance Program affects health and well-being. “SNAP Matters” includes a chapter on obesity by University of Illinois economist Craig Gundersen, one of the book’s editors.Expert ViewpointsBusinessHow long could Illinois' budget impasse last?Dec 10, 2015 10:30 am697 views A Minute With...™ Christopher Z. Mooney, Director of the Institute of Government and Public AffairsBusinessFlash Index reverses 3-month trend, climbs in NovemberDec 3, 2015 9:00 am90 views The U. of I. Flash Index reversed a three-month trend in November and climbed to 106.1. The index measures economic activity in Illinois and shows that the state continues to slowly recover from the Great Recession, which technically ended more than six years ago.BusinessScarcity, not abundance, enhances consumer creativity, study saysNov 16, 2015 9:45 am874 views Resource scarcity translates into enhanced consumer creativity, according to new research co-written by business professor Ravi Mehta.BusinessPaper: Prior union experience correlates with voting for pro-labor issuesNov 16, 2015 9:00 am496 views Research from U. of I. labor professor Ryan Lamare found that a legislator’s past experience with labor unions is associated with an increase in voting for union-supported issues.BusinessNew book explores global reach of British royal family brandNov 4, 2015 9:00 am513 views Cele Otnes, Investors in Business Education Professor in the College of Business at Illinois, is the co-author of the recently published book “Royal Fever: The British Monarchy in Consumer Culture.”BusinessPaper: Civic participation can bridge social-class segregationOct 5, 2015 11:00 am1303 views Research from U. of I. labor professor Richard Benton says there’s a strong correlation between civic participation and improving the prestige of one’s social network.BusinessPaper: Education, infrastructure key public investments for job growthSep 28, 2015 9:00 am539 views Government spending on infrastructure and public education supports employment, says research co-written by Robert Bruno, a professor of labor and employment relations on the Urbana campus.Expert ViewpointsBusinessHealthWhy food insecurity still hasn't decreased in the U.S.Sep 24, 2015 8:45 am404 views A Minute With...™ U. of I. agricultural economist Craig GundersenBusinessFlash Index relatively steady despite volatility in stocks, state budget battleSep 1, 2015 10:45 am6 views The U of I Flash Index remained steady in August despite volatility in the national and international stock markets. The index fell slightly to 106.5 in August from its 106.6 level in July. The index has remained in a narrow range for more than two years, reflecting steady but unspectacular growth.Expert ViewpointsBusinessWhen are you likely to feel the effects of the budgetary stalemate in Springfield?Jul 22, 2015 9:00 am334 views A Minute With...™ Christopher Z. Mooney, director of the Institute of Government and Public AffairsBusinessCampusU. of I. finance professor Jeffrey R. Brown named dean of College of BusinessJun 30, 2015 9:15 am642 views Jeffrey R. Brown, the William G. Karnes Professor of Finance, has been named the 10th dean of the College of Business, pending approval by the U. of I. Board of Trustees.Expert ViewpointsBusinessUnionizing Younger WorkersJun 8, 2015 11:00 am89 views A Minute With™...U. of I. labor expert Robert BrunoExpert ViewpointsBusinessWhat's next for pension reform in Illinois?May 21, 2015 12:15 pm823 views A Minute With™...John D. Colombo, pension reform expertBusinessStudy: For a competitive edge, keep an eye on your competition's ex-employeesMay 11, 2015 9:00 am76 views Companies often overlook the value of the comings and goings of their competitors’ ex-employees, says new research co-written by business administration professor Deepak Somaya.BusinessOnline MBA degree coming to U. of I.'s College of BusinessMay 5, 2015 9:15 am352 views The new online MBA degree will democratize access to the coveted graduate degree, said Larry DeBrock, the Josef and Margot Lakonishok Endowed Dean of the College of Business.BusinessPaper: 'Considerable scope' for improvement in agricultural pollutionApr 21, 2015 9:00 am65 views CHAMPAIGN, Ill. - During the industrial era, financial indicators were a company's primary measuring stick. But as the concept of sustainable development has gained relevance, a fundamental change in the assumptions underlying how businesses are measured has also started to take hold.BusinessEconomists: Pros, cons to raising the gas tax in IllinoisApr 20, 2015 9:00 am1154 views CHAMPAIGN, Ill. - After the precipitous drop in crude oil prices over the past nine months, some policymakers in Illinois have advocated raising the state's excise tax on gasoline, which has remained unchanged at 19 cents per gallon since 1990.BusinessLawPaper: Absence of copyright has its own economic value, social benefitsApr 13, 2015 9:00 am71 views CHAMPAIGN, Ill. - A new study co-written by a University of Illinois expert in intellectual property law demonstrates that the value of creative works in the public domain such as books, images and music can be estimated at least as precisely as the value of commercially available copyrighted works.