A “Richcession” May Be Ahead

Wall Street Journal reporter Justin Lahart has coined the term “richcession” to explain what might happen should a recession occur this year. According to him, the well-heeled would take a bigger hit than usual, even if we manage to narrowly escape an economic downturn.

Risk Lessons from FTX

FTX postmortems have included Axios describing the cryptocurrency exchange as a “house of cards” comparable to Enron, Theranos, Bear Stearns, Lehman Brothers and Madoff Investment Securities. Plus, Moody’s writes the collapse “will radically transform the crypto ecosystem, further shaking trust and raising doubts around its ongoing prospects.”

How COVID-19 Showed the Cost of Doing Business Globally

Prior to the COVID-19 pandemic, multinational companies didn’t have to think twice about increasingly moving toward firm globalization. But the crisis amplified the vulnerabilities of doing business across borders. And now, new research from Maryland Smith is contextualizing the numbers to show the potential dark side of globalization.

Several University of Maryland Researchers Meet at Smith to Talk Climate Finance

Supply chain risks from weather and climate, financing infrastructure risk reduction, and how measurement affects management when it comes to climate reporting were among the topics discussed at the Smith School on October 27 and 28, 2022. Roughly 30 participants, including University of Maryland professors, students, and representatives from financial institutions like the World Bank, T. Rowe Price, and PricewaterhouseCoopers were in attendance. 

‘Storm Clouds Over the World Economy’: Smith’s Lemma Senbet Discusses Implications for Africa

Voice of America tapped Smith’s Lemma W. Senbet to discuss the stakes for Africa at the IMF-World Bank Group Annual Meetings where policymakers and industry leaders representing about 190 countries engaged on the state of the world economy.

Public Firms Are Not Shortsighted and Respond More to Investment Opportunities Than Do Private Firms

Many analysts of financial markets are concerned that financial markets provide managers with economically harmful incentives.

Musk’s Twitter Reversal: Smith Experts Weigh Financial, Operational Implications

Elon Musk’s offer to proceed with a $44 billion acquisition of Twitter has the two sides working to close the deal ahead of the recently extended court deadline of October 28.

A Climate Change Call to Arms for Risk Modelers

Hurricane Ian is now a tropical storm, but estimates for the storm’s Florida landfall included a million-plus homes at risk for damage, with overall damages and losses expected to top $67 billion, according to Bloomberg.

Gas Prices Are Going Down, While Food Prices Soar, Why?

We’re getting some relief at the gas pump, but having to dig deeper in our pockets to pay for groceries. The price of eggs is up about 40 percent since this time last year. We’re paying 20 percent more for milk, bread and a staple in many Americans’ diet - chicken.

The Venture Capital Landscape Is Changing, and Perhaps Not for the Better

Startup companies have traditionally looked for the most experienced venture capitalists they could find to get their businesses off the ground and support their growth. That’s not always the case anymore, according to a study by Smith's Rich Mathews and co-author Naveen Khanna.

Back to Top