SMITH BRAIN TRUST – By the end of 2022, the collective G20, IMF, the World Bank and the Bank of International Settlements will have a structure in place to use central bank digital currencies (CBDC) in banking systems.
By William Longbrake
SMITH BRAIN TRUST – The COVID-19 pandemic precipitated an abrupt and extraordinarily severe global recession. Social distancing and lockdowns which were intended to slow the spread of contagion threw millions out of work and crushed economic activity instantaneously.
SMITH BRAIN TRUST – For the U.S. economy, these are dark days. The social distancing measures aimed at stemming the spread of coronavirus have people and businesses closing their doors. Uncertainties about the future of the economy are high, and so are worries.
The University of Maryland’s Robert H. Smith School of Business proudly presents its 16th annual Summer Reading List for Business Leaders, as recommended by faculty and staff.
Educator, philanthropist and retired bank executive William Longbrake, DBA ’76, has pledged $1 million to support the University of Maryland’s Robert H. Smith School of Business. The unrestricted gift will provide flexibility to the school, where Longbrake serves as Executive-in-Residence and a member of the Board of Advisors.
SMITH BRAIN TRUST – Unemployment is at an 18-year low. And the stock market has been strong. But the U.S. treasury yield curve has economists and market watchers feeling uneasy and warning that a recession may be on the horizon.
SMITH BRAIN TRUST – When Harley-Davidson announced this week it would move some production overseas to weather the increased costs posed by the European Union’s retaliatory tariffs, the announcement was pretty stunning.
How could the iconic American motorcycle maker, a symbol etched into the American consciousness from films like “Easy Rider,” “Pulp Fiction,” “Terminator 2” and “Every Which Way But Loose,” manufacture anywhere else but the U.S. of A? To some people, the decision seemed almost unpatriotic.
Why It's Good Strategy for Business Leaders to Weigh In
The University of Maryland’s Robert H. Smith School of Business is excited to announce some favorite books in the 14th Annual Top-10 Summer Reading List for Business Leaders for 2017, as recommended by faculty members.
At a time when robots and other forms of automation appear poised to edge out wide swaths of the global workforce, several pilot projects and at least one documentary film are exploring the idea of universal basic income – free money for everyone, enough to cover basic expenses. It's a big idea that dates back at least to 1795 in the United States, with revolutionary activist and author Thomas Paine. Martin Luther King, Jr. touted its merits in the 1960s, as did libertarian economist Milton Friedman, who lauded the virtues of a negative income tax. In 1971 President Richard Nixon wrote a proposal along those lines. But the notion of universal basic income has perhaps never been as relevant around the world as it is now, say experts. Read more...
