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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 […]
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 […]