Britons spoke up about more than their country’s economic independence when they voted on June 23 to exit the European Union. The referendum also fed a larger debate, playing out in Europe and the United States, about the merits of globalism. Many people, concerned about trade and immigration policy, link globalism to the loss of national identity, security and prosperity. Smith School professor Kislaya Prasad
Reports of Britain’s death are greatly exaggerated. Smith School finance professor Albert “Pete” Kyle says foreign investment might even increase following the United Kingdom’s vote to withdraw from the European Union. "It’s not clear a huge amount of economic dislocation will result," he says. Read more...
What do you do if you lose $7 billion in one week following the Brexit vote? If you’re Warren Buffett and his portfolio managers at Berkshire Hathaway, you go shopping. “With over $60 billion of cash on Berkshire's balance sheet, it’s likely they invested some of these funds in individual stocks they had been following, which would have become more attractive after this sudden decline,” Smith School finance professor David
London has long been Wall Street’s gateway to the European Union. If the city loses its link to the euro, about 40,000 expatriates from big U.S. banks might have to move to Frankfurt, Germany. Smith School professor Albert "Pete" Kyle says that won’t be so easy because Frankfurt is smaller than Charlotte, N.C. "You can’t possibly imagine the whole American banking industry moving from New York to Charlotte any more
Many universities face academic and administrative business processes that are inefficient and ineffective, yet seemingly immune to improvement. Despite significant investments of human, capital, and IT resources, there can be little resulting payback.