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  • 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 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Expert: Keep consumer protection agency free of 'regulatory capture'

    CHAMPAIGN, Ill. - With many Americans now spending most of their adult lives owing debts to financial institutions, the need for a consumer financial agency free of "regulatory capture" is now more acute than ever, according to a University of Illinois expert in consumer credit.

  • Expert: Legalizing online gambling bad bet for lame-duck Congress

    CHAMPAIGN, Ill. - The lame-duck Congress may be the last chance for the current Democratic majority to slip through legislation legalizing online gambling, a move that could have dire consequences for communities and the economy, a leading national gambling critic warns.

  • Expert: Lockout most likely outcome in contentious NFL labor dispute

    CHAMPAIGN, Ill. - It's fourth and long in the labor stalemate between NFL owners and players, and the chances of either side engineering a John Elway-style last-minute comeback are slim, says a University of Illinois law and labor expert.

  • Expert: Long-term care health coverage a hidden casualty of economic slide

    CHAMPAIGN, Ill. - Many Americans have lost more than just retirement savings amid a year-long economic meltdown that has sliced the U.S. stock market's value by nearly half in a little over a year, a University of Illinois elder law expert says.

  • Expert: Mandate 'FEMA premiums' for disaster-prone areas

    CHAMPAIGN, Ill. - With seemingly more extreme weather on the horizon, should Uncle Sam have to foot the bill every time a natural disaster strikes? According to a University of Illinois expert in environmental economics, one way to limit the amount of money the federal government doles out to repair damage would be to mandate disaster-prone areas pay "FEMA premiums" to the federal government.

  • Expert: Medicaid cuts will hurt low-, middle-income Illinois seniors

    CHAMPAIGN, Ill. - Springfield's plan to slash nearly $1.4 billion from the state's Medicaid program will ultimately result in bigger medical (and financial) problems for low- and middle-income senior citizens and their families, says a University of Illinois elder law expert.

  • Expert: New inflation index could reduce budget deficit

    CHAMPAIGN, Ill. - With its Nov. 23 deadline looming, the congressional "super-committee" charged with reducing the federal budget deficit may change how the government measures inflation, which could raise tax revenues and lower government expenses such as Social Security, a University of Illinois expert on taxation and retirement issues says.

  • Expert: Next 15 years is 'crunch time' for climate change

    CHAMPAIGN, Ill. - Time is running out to employ a mitigation strategy that would avert severe global damage from climate change, a University of Illinois energy policy expert says.

  • Expert: Pervasive 'credential creep' bad for health care practitioners, consumers

    CHAMPAIGN, Ill. - The outcome of a case argued before the U.S. Supreme Court last fall could potentially slow the trend of the ever-increasing number of occupations subject to state licensing, says a University of Illinois expert in the regulation and financing of health care.

  • Expert: Proposed change to discovery rules a potential 'game-changer'

    CHAMPAIGN, Ill. - A seemingly innocuous proposal that would allow litigants to withhold evidence during the pre-trial phase of a lawsuit could make it easier for large corporations to conceal information in lawsuits, according to a University of Illinois expert in civil procedure.

  • Expert: Reid-Kyl Internet gambling bill could enable money laundering

    CHAMPAIGN, Ill. - Legalizing online poker as proposed by two leading U.S. senators would be a boon to terrorist networks and organized crime syndicates, says a leading national gambling critic.

  • Expert says economy will worsen if layoffs used to curb company losses

    CHAMPAIGN, Ill. - Widespread layoffs that stem corporate financial losses but leave workers out in the cold would deepen the looming recession that sparked them, a University of Illinois labor expert warns.

  • Expert says gas prices should level off after refineries survived Ike

    CHAMPAIGN, Ill. - Hurricane Ike threatened to send already steep gasoline prices soaring, despite a steady decline in crude oil prices that reached a seven-month low this week, a University of Illinois economic expert says.