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‘Black Monday’ anniversary a reminder of stock market’s inherent risks
CHAMPAIGN, Ill. – The 20th anniversary of Wall Street’s historic “Black Monday” collapse is a good reminder that the lure of investment riches comes with equally dramatic risks, a University of Illinois stock market expert says. “Events like this remind us that markets have risks and that investors need to exercise prudence. It reminds us […]
Illinois casino expansion would drain state’s economy, U. of I. professor says
CHAMPAIGN, Ill. – Illinois would choke its economy and ruin lives if lawmakers expand gambling to bankroll statewide road improvements and mass transit in Chicago, a University of Illinois professor and national gambling critic says. “You cannot gamble your way to prosperity. Every economist says you can’t do it,” said John W. Kindt, a professor […]
New U. of I. study program seeks to match workers, technology
CHAMPAIGN, Ill. – Clunky typewriters gave way to computers, and space-age robotics now help run assembly lines that once relied on hand tools and elbow grease. But high-tech advances are just part of the equation as American businesses try to keep pace in a rapidly changing global workplace, says the head of a unique study […]
New book says lawsuits cutting voters out of public policy decisions
CHAMPAIGN, Ill. – Lawsuits such as the landmark case against the tobacco industry are undermining traditional government regulation by shifting decision-making out of the public eye, according to a book co-written by a University of Illinois professor that will be published next year. Law and business professor Andrew Morriss says the 1998 tobacco settlement amounted […]
List of international leaders with U. of I. ties continues to grow
CHAMPAIGN, Ill. – The leader of a South American nation where thick rainforests straddle the equator earned his doctoral degree at a U.S. university in the shadows of cornfields a half a world away. Ecuadorean President Rafael Correa is just one of more than a half-dozen University of Illinois economics department graduates who have risen […]
Fledgling traders should lean on experts for investing tips, study shows
CHAMPAIGN, Ill. – Novice investors earn lower stock returns when they seek an edge by wading through complex financial data rather than relying on experts to guide them, a new study by two University of Illinois professors shows. Fledgling traders often overestimate their market savvy, thinking they can glean investment fodder that analysts overlooked in […]
University of Illinois law professor to receive honorary doctorate
CHAMPAIGN, Ill. – University of Illinois law professor Thomas G. Ulen will receive an honorary doctoral degree Oct. 5 from the Catholic University of Leuven in Belgium, honoring his longtime work in law and economics. Ulen is the director of the U. of I. College of Law‘s program on law and economics and is a […]
Princeton professor to deliver David Kinley Lecture in Economics
CHAMPAIGN, Ill. – A Princeton University professor who studies the global economy will be at the University of Illinois next month to talk about whether health and happiness could be rooted in prosperity. Angus Deaton, a professor of economics and international affairs at Princeton, will give the David Kinley Lecture in Economics at 4:30 p.m. […]
High-tech reliability a key for workers who do business outside the office
CHAMPAIGN, Ill. – Workers want top-of-the-line technology to take care of business while they’re away from the office, but only if they can count on it, according to research by a University of Illinois professor. “It sounds like such a straightforward finding, but it’s really a key success factor,” says Judith Gebauer, a professor of […]
Why is there so much turmoil in the financial markets?
Michael S. Weisbach is a Stanley C. and Joan J. Golder Professor of Finance and academic director of the Stanley C. Golder Center for the Study of Private Equity. He discusses some of the underlying reasons for the turmoil in the financial markets. He was interviewed by News Bureau Business and Law Editor Mark Reutter. […]
Study finds Americans rely on friends, neighbors for investment advice
CHAMPAIGN, Ill. – Keeping up with the Joneses apparently includes keeping up with their stock market picks, researchers at the University of Illinois have found. Zoran Ivkovich and Scott Weisbenner, both professors of finance in the College of Business, studied the stocks purchased by 35,673 U.S. households between 1991 and 1996. They found that social […]
Job picture in Illinois not as bright as elsewhere, report indicates
CHAMPAIGN, Ill. – Illinois lags behind the nation and neighboring states in job creation, a report by the Institute of Government and Public Affairs at the University of Illinois finds. Between 1996 and 2005, non-farm employment in Illinois grew by only 3 percent, below the 4 percent average of six other Midwest states and considerably […]