Failure to assist Puerto Rico could precipitate humanitarian, economic disaster

Hurricane Maria has devastated Puerto Rico, leaving millions without power and still dealing with flooded roads and disastrous conditions. Cornell University economist Steven C. Kyle, an expert in macroeconomics and government policy in the U.S. and in low-income countries, says the need for assistance is now so dire, it’s impossible to ignore. Bio: https://dyson.cornell.edu/people/steven-kyle    […]

Longer-term view adds context to Census poverty data

Today, the U.S. Census Bureau reported the American peoples’ 2016 experience with poverty, median income and health insurance. Tom Hirschl, sociologist and co-author of “Chasing the American Dream: Understanding What Shapes Our Fortunes,” says that while the numbers today reflect an incremental improvement, middle-class and working-class Americans still feel insecure about their economic future. To […]

Hardship in Brazil, South Africa strengthens China’s BRICS lead

This weekend, China will be hosting the annual BRICS summit – a meeting of leaders from five developing nations including Brazil, Russia, India, China and South Africa. Lourdes Casanova, academic director of Cornell University’s Emerging Markets Institute, says that political and economic instability in Brazil and South Africa has solidified China’s lead position at the […]

Economic indicators can’t capture Hurricane Harvey damage

CORNELL UNIVERSITY MEDIA RELATIONS OFFICE Aug. 28, 2017   Economic indicators can’t capture Hurricane Harvey damage Cornell University economist Steven C. Kyle, an expert in macroeconomics and government policy, says economic indicators are ill-equipped to calculate the economic damage caused by natural disasters such as Hurricane Harvey – which is expected to drift back into […]

Serious headwinds as Dow Jones passes 22,000 mark

On Wednesday, the Dow Jones industrial average broke through the 22,000-point mark for the first time in its history. Andrew Karolyi, professor of asset management and finance at Cornell SC Johnson College of Business, recently authored a paper about the shrinking number of exchange-listed firms in the U.S. He says that today’s milestone should prompt […]

Demise of Sears tears fabric of consumer culture

Lawrence Glickman, professor of history at Cornell University and an expert in American consumerism, says that up until the 1970s Sears – which this week acknowledged the possibility of bankruptcy – has been a key component in American economic culture.  Bio: http://history.cornell.edu/lawrence-b-glickman   Glickman says: “The demise of Sears would be a hugely important loss to […]

Pro-pot arguments fly higher with likely voters

Four states legalized recreational marijuana in November, nearly doubling the number of states where recreational pot is legal. As more states consider joining them, a range of arguments for and against legalization is swirling around the national conversation. But which of these arguments resonate most strongly with Americans? It’s the arguments that support legalization, according […]

Trump’s immigration ‘compromise’ ignores basic economics

Maria Lorena Cook, a professor of comparative labor at Cornell University’s ILR school and author of several books on labor movements in Latin America and unauthorized migration, argues the Trump administration’s immigration policy must include a legal pathway for millions of workers whose labor has become central to agriculture, construction, hospitality and services sectors. Cook […]

Consequences of destroying NAFTA

Gustavo Flores-Macias, professor of government at Cornell University and former director of public affairs in Mexico’s Consumer Protection Agency, is available to comment on Secretary of State Rex Tillerson and Homeland Security Secretary John Kelly’s trip to Mexico City to meet government officials including President Enrique Peña Nieto. This week, Flores-Macias penned this op-ed about […]

Recalculations of trade deficits will increase distortions

Andrew Karolyi, professor of asset management and finance at Cornell University’s SC Johnson College of Business, comments on recent reports suggesting Trump’s administration is considering recalculating trade deficit numbers. He says that while there is room for improvements on such statistics, any change would need a much more refined and nuanced approach to avoid further […]