News at Smith

Aug 14, 2015
World Class Faculty & Research

High-frequency traders provide a useful service but rig the system when they extract tolls from investors, Smith School professor Albert "Pete" Kyle said this week during a financial regulation conference in Australia. "They are like a troll under a bridge who charges travelers something extra when they cross to the other side," Kyle has said. Debate about high-frequency trading heated up prior to the

Aug 14, 2015
World Class Faculty & Research

Can U.S. companies be embarrassed out of paying their CEOs hundreds of times what the average worker makes? The SEC wants to find out. By a 3-2 vote, the agency recently ordered that companies begin disclosing the ratio of their CEO’s pay to that of the median employee. The rule’s backers believe it's indefensible that CEO pay has grown in the last-half century from 50 times what the average worker makes to roughly 300 times, even as

Aug 12, 2015

U.S. oil prices fell to a six-year low on Aug. 11, 2015, driven by China’s currency devaluation. The other major factor, cited by The Wall Street Journal, has been an "unrelenting supply of crude." One person who would not be surprised by the production is the late Smith School economist Julian Simon, who rejected the dire warnings of a population bomb and peak oil in the 1970s. Here are 10 quotes that

Aug 12, 2015

U.S. oil prices fell to a six-year low on Aug. 11, 2015, and one person not surprised would be the late Smith School economist Julian L. Simon. "There is no compelling reason to believe that world oil prices will rise in the coming decades," he wrote in 1984 when most experts predicted overpopulation and depletion of the earth's natural resources. Six of Simon's former colleagues and children share their

Aug 12, 2015

Software firm Adobe announced this week it will expand its family paid-leave benefits -- including up to six months for birth mothers. This follows Netflix announcing up to 12 months of leave for employees who are new parents. The trend has emerged despite the lack of mandatory parental leave laws in the United States. Smith School professor Peter Morici discusses the pros and cons of the hands-off approach with

Pages

Subscribe to News