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
By Anil K. Gupta
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. Read more...
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. "This is the first time anyone has provided large-scale
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