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Study takes rare look at how materialism develops in the young
CHAMPAIGN, Ill. – As Christmas approaches, many people blame advertising for stoking the desire among teenagers to own the latest and best in computers, clothes, toys, video games, jewelry, sports equipment and cosmetics. Some groups have criticized advertisers for manipulating children to demand an endless array of consumer products, while others have decried the creeping […]
Role of workers in national emergencies should be clarified, scholar says
CHAMPAIGN, Ill. – Updating and clarifying the role of civilian workers in times of national emergencies is a pressing need that would improve homeland security, a University of Illinois legal scholar says. In a forthcoming paper, Michael H. LeRoy, a professor in the Institute of Labor and Industrial Relations and in the College of Law, […]
U. of I. Flash Index up sharply, sign of growing state economy
CHAMPAIGN, Ill. – The University of Illinois Flash Economic Index for November increased strongly to 106.8 from its 106 level in October. This places the Index near the top of the range that it has occupied for the last 18 months, indicating an expansive Illinois economy. “While there have been recent mixed signals relating to […]
Tax-exempt groups skirt campaign-finance rules, play key roles in elections
CHAMPAIGN, Ill. – About $2.8 billion was funneled into the 468 House and Senate races this year – the most expensive midterm election ever. Despite federal legislation aimed at curbing the influence of money on the electoral system, about 27 percent more was spent in the 2006 Congressional elections than in the 2002 midterm elections, […]
National Science Foundation grant to fund ethics education program
CHAMPAIGN, Ill. – Two University of Illinois faculty members have received a three-year, $300,000 grant from the National Science Foundation for their program on ethics education in science and engineering. Michael C. Loui, a professor of electrical and computer engineering, and C.K. Gunsalus, an adjunct professor of law and of medicine, will develop and assess […]
Flash Index of Illinois economy fell slightly, indicating slowing of growth
CHAMPAIGN, Ill. – The University of Illinois Flash Economic Index for October fell to 106.0 from its 106.4 level in September. This suggests a slight slowing of the rate of growth of the Illinois economy. However, the Index is still in strong positive territory in the middle of the 105-107 range that it has occupied […]
Federal government needs to take closer look at assisted living facilities
CHAMPAIGN, Ill. – Over the last 20 years, a housing industry has sprung up to handle elderly citizens who cannot live independently but do not require around-the-clock nursing. Known as assisted living facilities or ALFs, the industry offers seniors a range of housing possibilities from two-bedroom suites with access to golf and tennis in ritzy […]
How more immigrants might save Social Security
Joseph Finnerty has been teaching at the College of Business since 1984. His research focuses on the management of stock markets and other financial institutions, and he recently wrote about the future of Social Security. He was interviewed by business and law editor Mark Reutter. Some experts argue that Social Security is at a crossroads […]
Credit cards’ insidious effects may pose product liability issue
CHAMPAIGN, Ill. – Are credit cards hazardous to your health and safety under the principles of product liability? Several features of credit cards make them different from traditional forms of lending and encourage high levels of consumer debt by taking advantage of “consumers’ cognitive and behavioral vulnerabilities,” Adam J. Goldstein wrote in the latest issue […]
Bankruptcy reforms aimed at curbing filings may wind up increasing them
CHAMPAIGN, Ill. – If history is any guide, last year’s changes to the bankruptcy law aimed at reducing individual bankruptcy filings may have the opposite effect – a long-term surge in personal filings, according to a study by a University of Illinois expert. In an upcoming paper in the University of Illinois Law Review, Robert […]
Bankruptcy filings expected to rebound in wake of reform, scholar says
CHAMPAIGN, Ill. – Bankruptcy filings by American households are likely to return to the levels they were at before Congress passed a law last year aimed at curbing “abusive” filings, a statistical study by a University of Illinois expert indicates. In an upcoming paper in the American Bankruptcy Institute Journal, Charles J. Tabb, a professor […]
Flash Index of Illinois economy unchanged, indicating strong growth
CHAMPAIGN, Ill. – The University of Illinois Flash Economic Index for September remained unchanged from its August level at 106.4. The index has been very stable during the first three quarters of 2006, fluctuating within a two-point range. The results indicate that the Illinois economy shows no signs of slowing, even though there is concern […]