“America is witnessing a political supernova — voter flirtation with Donald Trump and Bernie Sanders — because both political parties have failed ordinary folks," Smith School economist Peter Morici says. He says Trump would set himself up for the GOP nomination and the White House by making “moderate governor” John Kasich his running mate. Read more...
Logistics, Business & Public Policy
ChemChina’s $43 billion bid to take over Swiss seed and pesticide maker Syngenta and similar deals "should be rejected" until “China genuinely opens itself to foreign investment,” says Smith School economist Peter Morici. Syngenta generates about a quarter of its revenue from North America. Read more...
Picking up on a recent article in the Smith Brain Trust, this debate examines the utility of applying disruption theory, as formulated by Harvard professor Clayton M. Christensen in the 1990s, as a universal explanation for technological shifts.
Read the article
The second Smith School Faculty debate for 2015 will explore the government's current approach to monetary policy. Federal Reserve Chairwoman Janet Yellen has stated that interest rates soon will begin to rise as long as underlying indicators of a recovering economy such as wage growth remain stable. In light of the global economic landscape, what are likely outcomes of the Fed's approach to raising interest rates?
Please join the distinguished panel for a lively discussion!
Time had run out in 1980. An earth capable of sustaining only a limited number of hungry consumers had been pushed too far, and “The Population Bomb” described by conservation biologist Paul Ehrlich would soon explode. Most in academia accepted the dire warnings about overpopulation and resource depletion. But the late Smith School economist Julian Simon listened to the arguments and recognized a flaw.
In this edition of Smith Business Close-Up, host Jeff Salkin visits the Smith School to sit down with Martin Dresner about his new research that shows the upsides of baggage fees: not just improved the bottom lines for airlines, but also better on-time records and fewer customer complaints about lost bags.
The Federal Reserve's anticipated move to raise interest rates for the first time since 2006 has economists projecting a matter of time for rates to come back down. But in the near term, Smith School professor Peter Morici says raising the banks’ overnight borrowing rate “has the potential to push up the cost of mortgages, slow jobs creation and curb stock prices but not always.” Read more...
The price of crude oil dipped below $40 for the first time since 2009 this week, a sign of the relentless pressure on oil companies caused by high global output. That followed a decision last Friday by OPEC not to decrease output, with Saudi Arabia and its Gulf allies outvoting Venezuela, Ecuador and others who think the price needs to come up in order to help suppliers. Read more...
The University of Maryland’s Robert H. Smith School of Business is pleased to present the Fourth Annual Smith School Business Summit on Friday, Nov. 13, 2015, at the Baltimore Marriott Inner Harbor at Camden Yards.
Supply chain experts at the University of Maryland’s Robert H. Smith School of Business have spurred the implementation of a new system that will accelerate trade and save U.S. businesses money and time. Soon, the current paper-based system required by the U.S. government to import or export cargo will give way to the new “single window,” electronic data collection process, dubbed the International Trade Data System. It becomes mandatory in February 2016.