Logistics, Business & Public Policy

Five Effects of the Interest Rate Hike

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...

Smith School Spurs ‘Single Window’ to Transform Trade

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.

U.S. Spending Shows Confidence, Morici Tells WSJ

Consumer spending indicates Americans are not affected by financial market volatility and economic troubles abroad. "Retail sales have been good," as "consumers have been spending at a rate of about three-and-a-half percent per-annum growth both in the second and third quarters,” Smith School professor and economist Peter Morici told the Wall Street Journal in a recent podcast. Read more...

Korean Companies look to U.S. While Dreaming of a 'New Silk Road'

When the South Korean President Park Geun-hye visited Washington, DC, last week, she brought along a small army of business representatives: 166 in all. The reason isn't a mystery: Korea's growth is slowing, falling to about 2.7 percent from 6 percent just a few years ago. The country's biggest single trading partner is China, which is slumping. Read more...

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