The business of climate change: A call for innovation
Whether or not you believe the science on climate change is irrelevant, says Andrew J. Hoffman, a University of Michigan professor of sustainable enterprise. Whatever you think, it's long past the time to open your eyes to the business implications.
The Economic Minute: The changing state of banking
Hope Berman Levin, the regional president for U.S. Bank in Arizona, recently touched on some of the rapid-fire changes that are happening in banking, during a talk at the W. P. Carey School's 26th Annual Dean's Council of 100 Executive of the Year Luncheon.
The next shoe just dropped
Although nonresidential building held up longer than residential activity in the current recession, the nonresidential downturn now has started and is expected to continue into 2010. The timing of the rise and fall of these two construction categories differs.
Trade, China and the world economic order, part one: The mechanics, and history, of global trade
The world's two economic superpowers — the United States and China — face significant challenges as they confront the future possibilities of trade and a new world economic order.
Latest numbers indicate a longer, deeper recession
Two indicators of the severity of the current recession, depth and duration, worsened in the past month. The depth of the decline in inflation-adjusted Gross Domestic Product in the fourth quarter of 2008 was revised by the U.S.
Western labor markets fared best and worst since recession started
Labor markets in the Western states are among those (a) hardest hit and (b) least affected by the current economic contraction, based on nonagricultural employment figures for January 2009, released by the U.S. Bureau of Labor Statistics.
Does the stimulus plan hit the target for job creation?
One of the features of fiscal policy initiatives is that they can be targeted to industries and geographic areas in greatest need.
The Economic Minute: Help is here — so when will we feel better?
The Economic Minute is a new feature of Knowledge@W. P. Carey. These brief recaps by W. P. Carey economists, first presented at Economic Club of Phoenix luncheons, are designed to bring you up to date on current conditions nationally and in the West.
U.S. economy: Stimulus plan not a quick fix
We shouldn't expect the stimulus plan presented by Congress to the President to bring an early end to dismal data reports on the health of the economy. Conditions will continue to worsen for at least the next two quarters.
High-rolling casinos hit a losing streak
The American gaming industry enjoyed an unprecedented run of luck during the late 1990s and the first half of this decade.