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Business moves fast in the 21st century. Smith Brain Trust can help you keep pace with bite-sized business insights on the latest headlines. With expertise in nearly every industry and region, we can point you to the news you need to know and explain why it matters. Check this feed for regular updates, and follow us on Twitter @SmithBrainTrust.

Jan 29, 2015

Annapolis, Md., is the latest city to join the fight against Uber. But abiding by government regulations isn't part of the company's long-term strategy, says Smith Professor Brent Goldfarb. He says Uber is betting its popularity will lead to changes in the regulation of the taxicab industry. "I don't expect Uber drivers to change their behavior because Annapolis makes them illegal," Goldfarb says. "Uber's strategy is to let it play out." Read the full article in the Capital Gazette...

Jan 28, 2015

Smith Professor Peter Morici says low-wage workers took the economic brunt of the Blizzard of 2015 along the East Coast. “There are numbers beating around that closing the city for a day costs overall about $700 billion," he says. "But remember, a lot of that lost economic activity gets made up. Folks on Wall Street who manage accounts will get the work done tomorrow." But people who make $7 per hour serving hamburgers are adversely affected if they miss a day of work. "They just don't get paid," Morici says. Read the full article at CBS News...

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 will be more limited because of the uncertainty over the euro,” he says in an article at ABC News...

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 Center for Financial Policy in a column at themorningconsult.com...

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 Bill Longbrake from the Center for Financial Policy at the University of Maryland’s Robert H. Smith School of Business. Read more......

Jan 21, 2015
World Class Faculty & Research

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...

Jan 20, 2015
World Class Faculty & Research

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. Read more...

Jan 18, 2015
World Class Faculty & Research

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. “That year, in the wake of the collapse of the housing market, the government placed Fannie Mae and Freddie Mac, which underwrite the mortgages of many Americans, into conservatorship — a form of nationalization,” writes Rossi, Executive-in-Residence and Professor of the Practice at the University of Maryland’s Robert H. Smith School of Business...

Dec 10, 2014
World Class Faculty & Research

An article in U.S. News and World Report recently explored the question of whether wearable fitness devices and smartphones were complementary products — or competitive ones. As fitness apps on phones get more sophisticated, must Fitbit fade? For insight, the magazine tapped Ritu Agarwal, the Dean’s Chair of Information Systems and Director of the Center for Health Information and Decision Systems (CHIDS) at the University of Maryland’s Robert H. Smith School of Business. Read more...

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University of Maryland
Robert H. Smith School of Business
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