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U. of I. finance professor Jeffrey R. Brown named dean of College of Business
CHAMPAIGN, Ill. — Jeffrey R. Brown, the William G. Karnes Professor of Finance and the director of the Center for Business and Public Policy at the University of Illinois, has been named dean of the university’s College of Business, pending approval by the U. of I. Board of Trustees at its July 23 meeting in […]
Unionizing Younger Workers
Editor’s note: Robert Bruno is a professor of labor and employment relations at the Urbana campus of the University of Illinois and the director of the Labor Education Program in Chicago. Bruno, who recently testified on labor issues before the education and workforce committee of the U.S. House of Representatives, spoke with News Bureau business and […]
What’s next for pension reform in Illinois?
John D. Colombo, the Albert E. Jenner Jr. Professor and interim dean of the university’s College of Law, spoke with News Bureau business and law editor Phil Ciciora about what’s next for pension reform in the state of Illinois. Was there anything from the Illinois Supreme Court’s ruling that particularly stuck out to you? I […]
Study: For a competitive edge, keep an eye on your competition’s ex-employees
CHAMPAIGN, Ill. — In the battle for a competitive advantage in today’s dynamic business environment, it’s increasingly common for companies and managers to tap former employees for access to new opportunities such as technological and market knowledge, client and partner relationships, and employee referrals. But according to research by a University of Illinois expert in […]
Online MBA degree coming to U. of I.’s College of Business
CHAMPAIGN, Ill. — The University of Illinois College of Business will launch an online-only Master of Business Administration degree program, pending approval by the U. of I. Board of Trustees. The degree, called the “iMBA,” will be the first online graduate business degree offered in partnership with Coursera, the Silicon Valley educational technology company that […]
Paper: ‘Considerable scope’ for improvement in agricultural pollution
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. While different sustainability indicators have been developed at an aggregate level, less attention […]
Economists: Pros, cons to raising the gas tax in Illinois
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. Although increasing the gas tax might lead to a reduction both in the consumption of […]
Paper: Absence of copyright has its own economic value, social benefits
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. The implications of the study for […]
Public employee pensions continue to lose out to gambling giveaways, expert says
CHAMPAIGN, Ill. – A legacy of giveaways to gambling interests continues to haunt the pension system in Illinois, a leading national gambling critic and University of Illinois expert warns. Since 1990, the state of Illinois has given away between $35 billion and $100 billion to gambling insiders in the form of low-cost casino licenses and […]
Study: Economic benefits of medical innovation undervalued
CHAMPAIGN, Ill. – A new analysis co-written by a University of Illinois expert in health care economics concludes that increases in the pace of medical innovation reduce overall physical risks to health, and thus function in a manner similar to an expansion of or improvement in the efficiency of health insurance markets. Policymakers concerned about […]
Structural reform litigation an effective tool for curbing police misconduct
CHAMPAIGN, Ill. – The Violent Crime Control and Law Enforcement Act of 1994 has served as the basis for the reform of many police departments in cities across the country, including Cincinnati, Los Angeles and Washington, D.C. And in what’s now seen as an increasingly likely next step, Ferguson, Missouri, will undergo its own Department […]
Paper: Development aid can exacerbate violence in war-torn countries
CHAMPAIGN, Ill. – Although development aid is commonly seen as an important tool in the quest to reduce poverty in conflict-riven countries, new research co-written by a University of Illinois expert in development economics concludes that large-scale foreign aid programs can backfire and actually exacerbate violence in some long-running conflicts. An analysis of data from […]