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By ANIL K. GUPTA
COLLEGE PARK, Md. — China’s latest GDP data released today reinforce the widely held belief that the days of breakneck economic growth are indeed coming to an end. At 7.4 percent, the reported growth rate for 2014 is the slowest since 1990. For the current year, I would not be surprised if the growth rate were to drop below 7 percent and never cross this pace again. Going beyond the headlines, however, here is my take on five of the most important questions pertaining to the Chinese economy.
U.S.-based multinational corporations move an average of $12 billion in taxable income back into the country each year, tax free, through complex mergers and acquisitions. That’s according to new research by Emanuel Zur, an assistant professor of business at the University of Maryland’s Robert H. Smith School of Business, and two coauthors.
COLLEGE PARK, Md. — President Obama’s proposed fee on big banks would hurt homebuyers and fail to control risk-taking by those firms with more than $50 billion in assets, says Clifford Rossi, professor of the practice at the University of Maryland’s Robert H. Smith School of Business.
The proposal, slated for inclusion in tonight’s State of the Union address, would affect about 100 financial institutions. Rossi, a former senior executive at several large financial services companies, is available for media interviews to expand on
Since 2008 the United States has had a zombie mortgage-financing system, former bank executive Cliff Rossi writes today in a guest column for The Hill.