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Flash Index of Illinois Economy rose moderately in August
CHAMPAIGN, Ill. – The U. of I. Flash Index of the state economy moved up in August to 106.4 from its 106.1 reading in July. The index remains in 105-107 range it has occupied for the past 17 months. The Illinois economy, similar to the national economy, is moving forward at a moderate pace as […]
Researchers dispute study pointing to college basketball point shaving
CHAMPAIGN, Ill. – A University of Illinois economist disputes a widely publicized academic study that claimed to find statistical evidence of point shaving among college basketball teams that are strongly favored by Las Vegas bookmakers. Dan Bernhardt, an Illinois professor of economics, and co-researcher Steven Heston, a professor of finance at the University of Maryland, […]
Russian politics and business to be focus of U. of I. conference in Chicago
CHAMPAIGN, Ill. – The business of politics and the politics of business in Russia will be the focus of a conference sponsored by Richard Herman, the chancellor of the University of Illinois at Urbana-Champaign, on Oct. 12 and 13 (Thursday and Friday) at the Palmer House Hilton Hotel, Chicago. The Chancellor’s Conference on Russia: Business/Politics, […]
Digital imagery leaves artists without legal protection
CHAMPAIGN, Ill. – The move from physical objects to digital technology in the art world has created a thorny set of legal questions centered on how artists can protect their work from unauthorized use, manipulation or even destruction. In the 1980s, some artists began to use computer-generated drawings and paintings as a statement against the […]
Flash Index of Illinois economy indicates growth, albeit at slower pace
CHAMPAIGN, Ill. – The July University of Illinois Flash Economic Index remained virtually unchanged, rising to 106.1 from its 106.0 reading in June. The index is now midway in the 105.1 to 107.1 range that it has occupied since April of last year. “The July result suggests that the state economy is still moving forward […]
Money spent on Web-site design an investment in winning buyers’ trust
CHAMPAIGN, Ill. – With consumers growing wary of buying online, how can a company best win over customers and clinch sales on the Web? The most common method used by online retailers is to post privacy and security statements that convey a firm’s good intentions, according to Tiffany Barnett White, a professor of marketing at […]
Flash Index of Illinois economy indicates growth, albeit at slower pace
CHAMPAIGN, Ill. – The July University of Illinois Flash Economic Index remained virtually unchanged, rising to 106.1 from its 106.0 reading in June. The index is now midway in the 105.1 to 107.1 range that it has occupied since April of last year. “The July result suggests that the state economy is still moving forward […]
Transmission congestion threatens to clog nation’s power grid
CHAMPAIGN, Ill. – Inadequate investment in the power grid transmission network remains the Achilles heel of the nation’s electric system, an engineer who specializes in utility policy at the University of Illinois at Urbana-Champaign says. The electric industry and government regulators have addressed the immediate problems that led to the nation’s worst power failure three […]
Flash Index of Illinois economy expanding, albeit at slower pace
CHAMPAIGN, Ill. – June was an uneventful month for the University of Illinois Flash Economic Index. The index retreated to 106.0 from its 106.2 level in May. The results suggest that the Illinois economy continues to expand briskly, although at a slightly slower pace than during the second half of 2005 and first quarter of […]
How will rising oil prices affect the U.S. economy?
Hadi Salehi Esfahani is a professor of economics whose research focuses on Middle East and Third-World economies. He is executive secretary of the Middle East Economic Association, a non-political organization of economists and scholars. Oil, of course, is the Middle East’s biggest industry, and the rapid increase of oil prices has raised concerns that the […]
Harshness of bankruptcy law will discourage entrepreneurs, scholar says
CHAMPAIGN, Ill. – In attempting to crack down on irresponsible debtors, the new federal bankruptcy law is also likely to ensnare entrepreneurs and other self-employed Americans whose ideas and inventions can become engines for economic growth and job creation, according to a University of Illinois scholar. Robert M. Lawless, a professor in the U. of […]
Recent bankruptcy reform measure a bust, legal expert at Illinois says
CHAMPAIGN, Ill. – Early signs of the effect of the new bankruptcy act on consumers and the courts are not encouraging, according to an expert on bankruptcy law at the University of Illinois. The Bankruptcy Abuse Prevention and Consumer Protection Act, which went into effect eight months ago, is already proving to be “a huge […]