News at Smith

Jan 26, 2015
World Class Faculty & Research

Smith Professor Peter Morici says shifting European politics could have a depressing effect on U.S. interest rates. That's because uncertainty about the euro will cause Europeans to send money to the U.S., and that could push up stock prices and push down interest rates. “As the Federal Reserve raises rates this summer, the impact on mortgage rates

Jan 26, 2015
World Class Faculty & Research

In the last quarter of 2011, the hedge fund SAC Capital filed a Freedom of Information request asking for documents regarding inspections of plants operated by Charles River Laboratories, which conducts pharmaceutical research. SAC apparently didn’t get bad news, because it increased its shares in Charles River from about 70,000 to 240,000 during that same calendar quarter. The stock rose, and SAC sold most of it

Jan 23, 2015
World Class Faculty & Research

By Liu Yang

Executive orders from the White House in 2014 rekindled a decades-long debate about gender pay disparities that persist in corporate America. Some blame the gap on lingering workplace biases that protect the C suite as the domain of men. Others dismiss the problem as overstated, citing the choices that women often make to sacrifice career advancement in favor of family.

Jan 22, 2015
World Class Faculty & Research

Today’s vote by the European Central Bank to print more than 1 trillion euros for buying government bonds and other financial assets would have some benefits but would not solve the region’s long-term challenges. That is the assessment of Phillip Swagel and

Jan 22, 2015
World Class Faculty & Research

Last week the Swiss National Bank unexpectedly dropped the currency peg they’ve maintained since 2011, a move that bankrupted several retail foreign exchange brokerages worldwide. The lack of coordinated regulation contributes to the reputation of foreign exchange as the Wild West among investors, writes Kristen Fanarakis from the

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