Political wheel of fortune: Is Wall Street tied to presidential cycle?

For the last 30 years, especially during elections, investors have speculated about the apparent link between stock market behavior and the U.S. presidential election cycle. To the observer, returns seem to be higher during the second half of a president's term than the first.

Toward a smarter model of performance management

Donald Trump's weekly pronouncement "You're fired!" makes for blockbuster TV ratings, but as a model for performance evaluation it leaves much to be desired. That's the opinion of W. P. Carey School of Business management professor Robert L. Cardy.

Should health care costs be purely market driven?

The solution to the increasingly expensive U.S. health-care system is to abandon insurance plans and government programs — and throw the beast into the open marketplace, according to 2004 Nobel Laureate Edward C. Prescott, professor of economics at the W. P. Carey School of Business.

Deep supplier relationships drive automakers' success

Building deep supplier relationships is a key facet of success for Japanese automakers Honda and Toyota. Through a supplier-partnering hierarchy, the two companies work with suppliers to reduce costs, increase efficiencies, and maximize market share.

Clockspeed's concept offers boon to health care

How efficiently hospitals keep track of health-care supplies can make the difference not only in cost but also the quality of patient care.

Mass customization satisfies consumer demand for low cost variety

The marketplace has come a long way since Henry Ford's all-black Model T, mass produced at a price "everyman" could afford. Today's consumers want products designed the way they like, at the right price and with quick availability.

Who's on first? Decision-making in the midst of disaster

Experts say the Hurricane Katrina recovery effort arguably represents one of the great natural disaster recovery and redevelopment challenges in U.S. history — perhaps exceeding even the Dust Bowl of the 1930s and the San Francisco earthquake of 1906.

Insurers, government struggle to manage risk of terrorist acts

In the aftermath of the terrorist attacks of Sept. 11, 2001, insurance coverage for commercial property and casualty loss in the event of terrorism became hard to find and prohibitive to purchase. Congress responded in November 2002, enacting the Terrorism Risk Insurance Act.

Cat and Maoist: Chinese officials debate China's economic development with a Nobel Laureate

Europe and the U.S., which had been clamoring for a free-floating Chinese currency in the hopes of addressing growing trade deficits, got their wish this summer when China announced a limited float for the Yuan.

Pricing schemes reduce corporate taxes by billions

Multinational corporations, including some of the icons of American business, routinely cut tax liability through pricing schemes.