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  • Scott Irwin, a University of Illinois economist co-wrote the study that suggests that the billions of dollars invested by commodity speculators may have helped stabilize prices rather than drive them up.

    Curbing speculation could destabilize commodity prices, study says

    CHAMPAIGN, Ill. - Price spikes for gasoline, grain and other commodities could be magnified if lawmakers curb speculative trading in futures markets, according to a new study released today in conjunction with this weekend's G20 summit.

  • Deal ending writers strike scores rare victory for unions, expert says

    CHAMPAIGN, Ill. - A deal that ended a three-month strike by Hollywood writers also scored a rare victory for unions by giving workers a financial stake in new technology, a University of Illinois labor expert says.

  • When soldiers and civilians are killed or injured, private contractors who supervise them use the veil of government immunity and other war-related legal arguments to limit financial payouts, according to an analysis by labor and law professor Michael LeRoy.

    Death, injury benefits a casualty of new war strategy, study says

    CHAMPAIGN, Ill. - A hole in public policy is shortchanging U.S. soldiers and civilian workers who become casualties of a new-age war strategy that leans heavily on private contractors, a new University of Illinois study says.

  • Deloitte & Touche USA chairman to lecture on leadership and integrity

    CHAMPAIGN, Ill. - Sharon L. Allen, the chairman of the board of Deloitte & Touche USA, one of the nation's leading accounting and consulting firms, will talk about leadership and integrity Thursday (March 30) as the 2006 Leighton Lecturer on Ethics and Leadership at the University of Illinois' College of Business.

  • Democratic Party control could ban mandatory arbitration, expert says

    CHAMPAIGN, Ill. - Democratic Party control in Washington could restore lawsuits as an option for workers and consumers now forced to settle disputes through mandatory arbitration that gives employers and businesses an unfair edge, a University of Illinois labor law expert says.

  • Depression-era failings behind recent Wall Street bailouts, expert says

    CHAMPAIGN, Ill. - Lessons from the Great Depression are likely guiding an unprecedented wave of government bailouts now propping up American International Group Inc. and other cash-strapped financial firms, a University of Illinois economist says.

  • 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.

  • Director of French industrial economic institute to speak at Illinois

    CHAMPAIGN, Ill. - Jean Tirole, scientific director of the Institut d'Economie Industrielle in France, will deliver the David Kinley Lecture in Economics at 3:30 p.m. April 15 (Friday) in 134 Temple Hoyne Buell Hall Auditorium, 611 E. Lorado Taft Drive, Champaign.

  • Photo of Robert Bruno, 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.

    Does lack of paid sick time make US susceptible to global health crisis?

    Lack of paid sick time makes the U.S. acutely susceptible to a global health crises like COVID-19, and is part of the larger problem of tying health care to employment, says U. of I. labor expert Robert Bruno.

  • Does the US need a moratorium on mortgage foreclosures?

    A Minute With™... consumer credit and bankruptcy expert Robert M. Lawless

  • Business administration professor Sharon Shavitt says most consumers crave a clear understanding of brand images, making them more receptive to new marketing messages if anything clouds their vision of companies or products.

    Doubts make consumers more willing to reevaluate brands, study finds

    CHAMPAIGN, Ill. - Most consumers crave a clear understanding of brand images, making them more receptive to new marketing messages if anything clouds their vision of companies or products, according to a new study by a University of Illinois marketing expert.

  • Drought, crop insurance, and farm profitability

    A Minute With™... Gary D. Schnitkey, an agricultural economist

  • Dual-earner families, gender roles, and the economic recession

    A Minute With™... Amit Kramer, a professor of labor and employment relations

  • DVD-editing software raises ire of Hollywood, interest of courts

    CHAMPAIGN, Ill. - What Hollywood studios call censorship and copyright infringement, software companies call freedom and parental choice. Any wonder that the legal issues raised by new film software is winding up in the courts and before Congress?

  • Economic crisis spawns new MBA scholarships at U. of I.

    CHAMPAIGN, Ill. - The University of Illinois College of Business is launching two new scholarship programs to help Central Illinois residents struggling amid a deep and lingering economic downturn, officials announced Thursday.

  • Economics students to compete in College Fed Challenge

    CHAMPAIGN, Ill. - A team of University of Illinois economics students will compete Nov. 10 in the district finals of the College Fed Challenge, a national contest promoting the Federal Reserve's role in the U.S. economy.

  • Economist Hans Brems dies at 84

    CHAMPAIGN, Ill. -- Hans Brems, a University of Illinois professor who helped popularize the use of mathematics as a tool of modern economics, died Sept. 16 at Carle Foundation Hospital in Urbana. He was 84.

  • Economist Anne Villamil says signs of a renewed financial crisis already have emerged, including tighter lending as financial institutions brace for surging unemployment that will leave people unable to repay mortgages, credit card bills and other debt.

    Economist says renewed financial crisis looms unless government acts

    CHAMPAIGN, Ill. - Another crippling financial crisis looms unless the U.S. government thaws credit markets that are starting to freeze up amid a lingering and deepening recession, a University of Illinois economist warns.

  • Implementing "surge pricing" during rush hour or taxing the number of miles a vehicle traveled might be better than raising the gas tax, says a policy brief co-written by U. of I. economists Don Fullerton and Julian Reif. Illinois graduate student Kaveh Nafari also contributed to the study.

    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.

  • The Illinois economy hasn't rebounded fast enough to reach pre-recessionary levels of output, wages and employment, according to a new study from Robert Bruno, a professor of labor and employment relations on the Urbana campus.

    Economy in Illinois improving, but recovery halting, study finds

    CHAMPAIGN, Ill. - The economy in Illinois may have finally emerged from the depths of the Great Recession, but it hasn't rebounded fast enough to reach pre-recessionary levels of output, wages and employment, according to a new study from a University of Illinois labor expert.

  • University of Illinois finance professor Jeffrey R. Brown hopes this week's report that both programs will run out of money sooner than previously thought will help cut through confusion over the fiscal outlook of the federal retirement and health-care systems.

    Education campaign needed on Social Security, Medicare woes, expert says

    CHAMPAIGN, Ill. - Painful but inevitable Social Security and Medicare reforms will be difficult to sell because years of partisan wrangling have clouded the public's grasp of the programs' dire financial problems, a former government economic adviser warns.

  • Law professor Richard L. Kaplan says the controversial health care reform act is a "mixed bag" for seniors.

    Elder law expert: Health care reform act a mixed bag for seniors

    CHAMPAIGN, Ill. - Although the effects of the controversial health care reform act will be somewhat muted for many older Americans, it will inevitably have enough of an impact that seniors will discover that there is plenty to like and dislike about the law, a University of Illinois expert on elder law cautions in published research.

  • Electricity markets and transmission course to be offered in Chicago

    CHAMPAIGN, Ill. - The 2007 Transmission Business School will take place June 4-7 at the Illini Center, 200 S. Wacker Drive, Chicago. This marks the 14th offering of the annual course on electricity markets and the transmission business.

  • Electricity Transmission Business School set for June 23-26

    CHAMPAIGN, Ill. - The University of Illinois at Urbana-Champaign will team with the Edison Electric Institute to offer a 3 1/2-day course on the rapid changes in electricity markets and the transmission business.

  • Electricity-transmission grid, power markets among conference topics

    CHAMPAIGN, Ill. - The University of Illinois at Urbana-Champaign will offer a course for industry specialists on electricity transmission and power markets June 14-17.

  • Though largely overlooked, tapping into employees' emotions and personal values can produce powerful triggers for calling out wrongdoing in the workplace, U. of I. researchers say.  "If I care deeply about my company, I'm more inclined to defend it and blow the whistle on wrongdoing," said Ruth V. Aguilera, professor of business. "If my job is just a paycheck, I'm more inclined to just say 'whatever' if I see something wrong."

    Emotions an overlooked key to whistle-blowing, study says

    CHAMPAIGN, Ill. - A gut-level connection with workers may be the key to encouraging whistle-blowing that could chip away at an estimated $652 billion lost to fraud annually by U.S. businesses, an ongoing University of Illinois study suggests.

  • Despite recent headline-grabbing surveys that say a significant number of employers will at least consider dropping employee health benefits, no one really knows what's going to happen because of the uncertainties surrounding the Affordable Care Act, the economy and electoral politics, says law professor Richard L. Kaplan, an expert on retirement issues.

    Employee health care benefits still a question mark after reform

    CHAMPAIGN, Ill. - It's still an open question if companies will drop employee health care benefits in 2014 in favor of the government-sponsored insurance exchanges created by President Obama's health care overhaul, says a University of Illinois elder law expert.

  • A repeat of a corporate tax holiday that found little success in 2005 is still a long shot to jump-start a stagnant U.S. economy, says Dhammika Dharmapala, a UI professor of law and expert in corporate and international taxation.

    Encore of corporate tax holiday unlikely to stimulate economy

    CHAMPAIGN, Ill. - A repeat of a corporate tax holiday that found little success in stimulating the economy in 2005 is still a long-shot to jump-start a stagnant U.S. economy, says a University of Illinois expert in corporate and international taxation.

  • Pulling the plug on a government-backed stimulus plan once the U.S. economy rebounds is as important as launching one now, says J. Fred Giertz, interim head of the economics department at Illinois.

    Ending stimulus as important as launching it, economist says

    CHAMPAIGN, Ill. - Pulling the plug on a government-backed stimulus plan once the U.S. economy rebounds is as important as launching one now, a University of Illinois economist says.

  • Environmentalist lawyer seeks common ground in property-rights debate

    CHAMPAIGN, Ill. - Don't blame just Hurricane Katrina for leaving New Orleans in shambles or single out wildfires for thousands of homes reduced to rubble this year across southern California, a University of Illinois law professor says.

  • Ethanol plants no panacea for local economies, study finds

    CHAMPAIGN, Ill. - Just over a year ago, the U.S. ethanol industry was still in overdrive, fueling a wave of new factories to keep pace with surging demand for the corn-based gasoline additive.

  • Ethanol will curb farm income until economy rebounds, economist says

    CHAMPAIGN, Ill. - Ethanol helped drive two years of record profits for grain farmers, but also will hold income down during a looming recession that has already sliced crop prices in half, a University of Illinois economist says.

  • Business administration professor Deepak Somaya says exclusive licensing deals are a two-way safety net that fosters cooperation as new product ideas weave their way toward the marketplace.

    Exclusive licensing deals a tool for collaboration, study says

    CHAMPAIGN, Ill. - Exclusive licensing deals are a two-way safety net that fosters cooperation as new product ideas weave their way toward the marketplace, according to new research led by a University of Illinois business strategy expert.

  • Executive MBA Program marks 25th anniversary with e-commerce symposium

    CHAMPAIGN, Ill. -- The impact and possibilities of e-commerce in everyday business are among the themes of the 25th anniversary symposium of the University of Illinois Executive MBA Program.

  • Ex-NFL player says Congress should regulate steroids in pro sports

    CHAMPAIGN, Ill. - Congress should step in to regulate performance-enhancing drugs in professional sports because players and owners lack incentive to effectively police themselves, former NFL tight end Josh Whitman says.

  • With popularly elected judges, political influence pervades and taints Illinois courts, said U. of I. legal expert Michael LeRoy.

    Expert: Abolish partisan elections for Illinois judges

    With popularly elected judges, political influence pervades and taints Illinois courts, said U. of I. legal expert Michael LeRoy.

  • Academic research associations should found their own nonprofit journals to avoid the substantially higher subscription rates of commercial publishers, says U. of I. finance professor Don Fullerton.

    Expert: Academic journals should adopt nonprofit publishing model

    CHAMPAIGN, Ill. — Shifting the publication of academic journals away from a private, for-profit model could save universities big bucks in the long term while also keeping the marketplace of ideas fully stocked, says a University of Illinois economist.

  • Law professor Amitai Aviram argues that "bail-ins" amplify the highs and lows of future business cycles and undermine the policy goals of those who believe free markets allocate investments optimally, as well as those who prefer government guidance in allocating investments.

    Expert: 'Bail-ins' exacerbate market bubbles by making economy more cyclical

    CHAMPAIGN, Ill. - In the wake of financial crises, governments that wish to assist crisis victims must choose between publicly financed bailouts and "bail-ins," which use the law to retroactively modify agreements in favor of victims so that private resources support the victims. While bail-ins are politically appealing and may seem fair, a University of Illinois business and law expert argues that they amplify the highs and lows of future business cycles and undermine the policy goals of those who believe free markets allocate investments optimally, as well as those who prefer government guidance in allocating investments.

  • The unwritten story of the BP disaster and subsequent $7.8 billion settlement is the complete and utter failure of strategic management, and what underlies that problem are mercenary chief executives and the culture of greed that has festered on Wall Street over the past three decades, says John W. Kindt, a professor of business and legal policy at Illinois.

    Expert: BP settlement right step, but won't curtail corporate greed

    CHAMPAIGN, Ill. -The recent settlement of claims by BP from the Deepwater Horizon oil disaster of 2010 is a step in the right direction, but it won't solve the most pernicious problem of the entire debacle - corporate greed, says a University of Illinois expert in maritime law and corporate and government relations.

  • The unwritten story of the BP disaster and subsequent $7.8 billion settlement is the complete and utter failure of strategic management, and what underlies that problem are mercenary chief executives and the culture of greed that has festered on Wall Street over the past three decades, says John W. Kindt, a professor of business and legal policy at Illino

    Expert: BP settlement right step, but won’t curtail corporate greed

    CHAMPAIGN, Ill. –The recent settlement of claims by BP from the Deepwater Horizon oil disaster of 2010 is a step in the right direction, but it won’t solve the most pernicious problem of the entire debacle – corporate greed, says a University of Illinois expert in maritime law and corporate and government relations.

  • Law professor Richard L. Kaplan says a so-called "Buffett Rule" that would implement a higher minimum tax rate for those with income over $1 million per year would have little effect on the taxes of the real-life Warren Buffett unless it takes capital gains into account.

    Expert: 'Buffett Rule' would need tie to capital gains to affect millionaires

    CHAMPAIGN, Ill. - A so-called "Buffett Rule" that would create a higher minimum tax rate for those with income greater than $1 million per year would have little effect on the taxes of the real-life Warren Buffett unless it takes capital gains into account, says a University of Illinois expert on taxation.

  • Expert calls proposed gross receipts tax textbook case of 'inefficient tax'

    CHAMPAIGN, Ill. - The gross receipts tax proposed by Illinois Gov. Rod Blagojevich, while a welcome step in tackling the state's budget shortfall, is a flawed approach to taxation, according to a University of Illinois expert.

  • Michael J. Shaw, a professor of business administration and expert in e-business strategy and information technology management, says businesses need to adapt to the new reality that cloud computing is not merely the next Silicon Valley dot-com bubble.

    Expert: Cloud computing a game-changer for businesses

    CHAMPAIGN, Ill. - Cloud computing is a game-changer for businesses, which now face the choice of adapting to the demand for ubiquitous access to data or losing customers to tech-savvy competitors, says a University of Illinois expert in e-business strategy and information technology management.

  • Expert: Cutting-edge gains not always death knell for old-guard firms

    CHAMPAIGN, Ill. - For every technological breakthrough that spawns new industry giants such as Microsoft or Intel, old-guard companies wither or die, according to an evolutionary theory of capitalism embraced for well over a half-century.

  • The fiscal-cliff bill passed by Congress settles most of the significant tax issues that would have an immediate and direct impact on the average taxpayer's pocketbook, says Richard L. Kaplan, the Peer and Sarah Pedersen Professor of Law at the University of Illinois.

    Expert: Fiscal cliff deal yields tax certainty at expense of simplification

    CHAMPAIGN, Ill. - Although major battles over spending cuts and raising the federal debt limit have been punted for another two months, the fiscal-cliff bill passed by Congress settles most of the significant tax issues that would have an immediate and direct impact on the average taxpayer's pocketbook, a University of Illinois expert on taxation and retirement issues says.

  • Jon S. Davis, the head of the department of accountancy and the R.C. Evans Endowed Chair in Business at Illinois, says a combination of more revenue and less spending is imperative in order to avoid pushing an already weak economy over the edge.

    Expert: Fiscal cliff looms without serious reforms to taxes, entitlements

    CHAMPAIGN, Ill. - A combination of more federal revenue and less government spending is imperative in order to avoid pushing an already weak economy over the edge, warns a University of Illinois business professor.

  • Expert: Flawed corporate watchdog methods helped fuel economic crisis

    CHAMPAIGN, Ill. - Archaic corporate governing systems that failed to ferret out risky business deals helped stoke the nation's deepest financial meltdown since the Great Depression, a University of Illinois business law expert says.

  • Trial courts in the 9th Circuit are more "player-friendly" than trial courts in all other circuits, which is bad news for the NCAA, says Michael LeRoy, a professor of labor and employment relations at Illinois.

    Expert: Give ex-players a slight edge in O'Bannon case

    CHAMPAIGN, Ill. - As the collegiate sports world awaits a federal judge's ruling in O'Bannon v. NCAA, the sport's governing body ought to be prepared to lose, as trial courts in the 9th Circuit are more "player-friendly" than trial courts in all other circuits, according to a statistical analysis from a University of Illinois expert in labor relations and collective bargaining in athletics.

  • Expert: Hold on executions could continue after Supreme Court rules

    CHAMPAIGN, Ill. - A historic capital punishment case pending before the U.S. Supreme Court could extend a de facto moratorium that has already halted executions for more than five months, a University of Illinois death penalty expert says.

  • Instead of increasing income taxes on its citizens, the cash-strapped state of Illinois should look to dramatically raise casino licensing fees, which are conservatively calculated to be worth between $250 million and $500 million apiece, says John Kindt, a leading national gambling critic.

    Expert: Illinois could recoup billions by upping casino license fees

    CHAMPAIGN, Ill. - Instead of increasing income taxes on its citizens, the cash-strapped state of Illinois should look to dramatically raise casino licensing fees, which are conservatively calculated to be worth between $250 million and $500 million apiece, not the $100,000 they were valued at in the gambling expansion bill recently voted down in Springfield, says a leading national gambling critic.