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 […]

Uber shuns civil society with bumbled response to strike

The ride-sharing service Uber has been at the center of much criticism after the company decided to break a taxi union’s strike against Trump’s immigration orders on Saturday, a move that is provoking continuing protests this week. Dania Rajendra, extension faculty at Cornell University’s Worker Institute, says Uber’s transparent attempt to profit from a demonstration […]

Want to help American business? Open America’s borders

Wesley Sine, professor of management and organizations at Cornell University, studies the emergence of new economic sectors and entrepreneurship. He says that if the Trump administration is seriously committed to small business creation, they should help immigrants – not antagonize them. Bio: https://www.johnson.cornell.edu/Faculty-And-Research/Profile?id=wds4   Sine says: “It’s too bad that the administration is not paying […]

Trump’s immigration policy profits few, hurts most

Maria Figueroa is chair of Cornell University’s Precarious Work Initiative, a research group that studies issues affecting low wage and contingent workers. She says Trump’s executive orders on immigration and border security are appalling, counterproductive and divisive. Bio: https://www.ilr.cornell.edu/people/maria-figueroa   Figueroa says:   “The idea of building a wall to separate the United States from Mexico is […]

Stocks move in predictable ways after White House change

ITHACA, N.Y. – With President-elect Donald Trump’s inauguration approaching, the stock market has been more volatile because investors are trying to predict which industries will do well under a Trump administration – and which will tank. According to a new Cornell University study, there is a way to capitalize on this fluctuation because stock returns […]