Stigler Center In the News 2017
December 30, 2017
Das System ist aus dem Ruder gelaufen (Spiegel Online)
Der Kartellspezialist Luigi Zingales ist gegen eine Zerschlagung von Google, Amazon und Facebook – er will die Macht der Tech-Unternehmen mit anderen Mitteln begrenzen.
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December 29, 2017
Surveillance: Ireland Has Been a Success Story, Zingales Says (Bloomberg)
Luigi Zingales, Chicago Booth Professor of Finance, says Ireland's success story is a result of its low tax rates attracting foreign investment. Michael Purves, Weeden And Co Chief Global Strategist, predicts tech and financials are going to continue to outperform next year. Julian Kheel, The Points Guy Senior Analyst, says we may see smaller seats on flights.
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December 29, 2017
Who's Afraid of Facebook? (Bloomberg)
Luigi Zingales, professor at the University of Chicago's Booth School of Business, discusses Facebook Inc.'s market dominance and why he thinks competition is better than regulatory intervention. He speaks on "Bloomberg Surveillance."
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December 29, 2017
Trump's Efforts to Erode Dodd-Frank Regulation (Bloomberg)
Luigi Zingales, professor at the University of Chicago’s Booth School of Business, says he'd be surprised if Republicans seek to completely eliminate Dodd Frank financial regulations, even after President Trump boasted Dec. 14 of "the most far-reaching regulatory reform in history.” He speaks alongside Bloomberg's Marty Schenker on "Bloomberg Surveillance."
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December 11, 2017
Big Tech is not the devil it is being made out to be (Live Mint)
Demanding the break-up of Google, Facebook or Amazon is excessive and unwarranted
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December 11, 2017
Events constantly outstrip Washington’s ability to regulate technology (AEIdeas)
Two events last week inform new debates about whether (or how) to regulate technology markets.
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December 6, 2017
Big technology firms challenge traditional assumptions about antitrust enforcement (Brookings)
After years of pleasing its fan base among social progressives and proponents of economic disruption, Silicon Valley finds itself in the hot seat. On October 31, legal representatives from Facebook, Google, and Twitter appeared before the House and Senate judiciary committees to discuss Russian meddling efforts in the 2016 U.S. election, including fake news stories and incendiary political ads propagated on the internet platforms and social media sites.
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November 20, 2017
You Need To Invest In Work Culture For Your Company To Thrive (Forbes)
Move over, Baby Boomers; Millennials have supplanted you as the largest generation in the workforce. And that fact, as reported by the Deloitte University Press, has made workplace culture the hottest topic in business today.
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November 17, 2017
Myths of the 1 Percent: What Puts People at the Top (The New York Times)
Dispelling misconceptions about what’s driving income inequality in the U.S.
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November 3, 2017
A way to poke Facebook off its uncontested perch (Financial Times)
We need to talk about Facebook. Google (or Alphabet, if you prefer) is more ubiquitous; Apple makes more money; Amazon is a more obvious threat to the bricks-and-mortar economy; yet there is something uniquely troubling about the social media leviathan.
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November 2, 2017
Ratio Dialogue on Populism and the Free Society (Ratio)
What does populism mean? Why do people buy it? Is the critique against the established elites valid? What are the main causes of the populist threats to the free society? What is meant by the populism-stagnation spiral? And does migration matter? How can public discourse and liberal democracy be restored?
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October 20, 2017
UN Study Warns: Growing Economic Concentration Leads to “Rentier Capitalism” (Naija 247 News)
Earlier this year, a Stigler Center paper by Luigi Zingales [Faculty Director of the Stigler Center and one of the editors of this blog] argued that market concentration can lead to a vicious circle, in which companies use market power to gain political power that in turn allows them to gain more market power, and vice versa. Zingales called this the “Medici vicious circle”: “Money is used to gain political power and political power is then used to make more money.”
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October 20, 2017
Bad bankers turn iconic Italian region's miracle into nightmare (Standard-Examiner)
The Most Serene Republic, as the area around Venice was known for a millennium, is now the troubled epicenter of a banking meltdown that’s threatening to derail one of globalization’s great success stories.
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October 19, 2017
Saving Capitalism - Luigi Zingales (The Jolly Swagman)
Trump. Cronyism. Inequality. Monopolies. Weren’t we promised better than this? What happened to a “new nation, conceived in Liberty"? What’s happening to capitalism?
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October 18, 2017
How Washington Should Regulate Facebook (Forbes)
Google dominated headlines for abusing its monopoly this summer. In the hold-my-beer moment of the fall, Facebook stole the attention of the tech press . . . and of lawmakers.
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October 10, 2017
Human Capital - Why It's a 'Critical Component' For Success (Forbes)
During an interview with Geoffrey Burger and Robert McGarrah, two experts in the field of ESG performance as it relates to valuing human capital, Mr. McGarrah says "Human capital is a critical component of successful ESG performance. Every CEO will agree that company employees and workers for their franchisees and suppliers play a vital role in corporate performance.
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October 10, 2017
Minuscule Volatility in Stocks Is Puzzling, Thaler Says (Bloomberg)
Richard Thaler, the winner of the Nobel Prize in Economics, discusses volatility in stocks and says stocks can’t be based on the certitude that there will be a massive tax cut. Prior to that, Kevin Hassett, the chair of the Council of Economic Advisers, says tax reform deserves bipartisan support. Luigi Zingales, a finance professor at the University of Chicago’s Booth School of Business, says it’s impossible to think about economics without behavioral economics. Finally, Olivier Blanchard, a senior fellow at the Peterson Institute, says tax reform won’t boost growth.
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October 6, 2017
6 Ways We Can Begin to Rein in Facebook's Immense Power Over Media and Our Society fines too small to bite (Kashmir Images)
Luigi Zingales and Guy Rolnik, professors at the University of Chicago Booth School of Business, have a market solution: empower Facebook users to take their friends and their “likes” elsewhere. They propose giving Facebook users something they do not now possess: “ownership of all the digital connections" that they create, or a "social graph." Right now Facebook owns your social graph, but that is not inevitable.
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October 6, 2017
Corporate fines too small to bite (The Australian)
The allegations by Austrac against the country’s biggest bank precede an intriguing new study in the US, by top Chicago University economist Luigi Zingales. It examines chemical giant DuPont’s release of poisonous chemical C8 into the Ohio water systems for decades from the 1950s, as part of its Teflon manufacturing operations. The venerable US company knew C8 was potentially deadly from the early 1980s, and ultimately endured a barrage of health and environment related lawsuits that cost it more than $US600 million by early this year. Thousands contracted diseases. “How come the company chose the option that seems worse for society and for the company itself?” the authors asked.
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October 2, 2017
Does finance benefit society? (LF Economics)
The title of the article comes from a very interesting and hard-hitting paper authored by a leading mainstream economist, Luigi Zingales. He is a professor of entrepreneurship and finance at Chicago University’s School of Business, with impeccable mainstream credentials.
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September 29, 2017
U.S. Antitrust Law Is Not Broken (Bloomberg)
Democrats want to fix it for the wrong reasons.
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September 28, 2017
Economists Have No Use for Republican Tax Cuts (Bloomberg)
They don't boost growth; they just add to deficits.
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September 27, 2017
Tech's New Monopolies (Houston Chronicle)
This week, Harris County announced its intention to sue the French multinational chemical producer Arkema after volatile organic compounds exploded at its flooded plant in Crosby following Hurricane Harvey. The explosion sickened first responders with toxic fumes and exposed the surrounding area to untold amounts of contamination.
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September 27, 2017
Tech's New Monopolies (Bloomberg)
The rise of global technology superstars such as Amazon, Apple, Facebook, and Google is creating new challenges for competition watchdogs. In 2017 they joined Microsoft Corp. to become the five most-valuable companies in the US, a ranking that included only the software company 10 years ago. They dominate their markets, from ebooks and smartphones to search advertising and social media traffic on mobile devices. New research connects the market power of these high-tech behemoths—part of a broader rise in concentration in many industries—with chronic economic problems, including the decline in workers’ share of national income and slower economic expansions. Their dominance is fueling a global debate over whether it’s time to rein in such winner-take-all companies.
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September 26, 2017
An Italian economist told us Berlusconi and Trump are the same...except Trump is meaner (Business Insider)
Business Insider's Silverstein talks with University of Chicago Booth School of Business professor Luigi Zingales. Zingales discusses a statement he cut from one of his first books predicting that someone like Donald Trump could become President of the United States.
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September 21, 2017
Big technology firms are newly in the hot seat at home (The Economist)
The Stop Enabling Sex Traffickers Act could fundamentally change the internet.
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September 20, 2017
The Tide Is Turning Against Big Tech’s Monopolies—Because of University of Chicago (Chicago Magazine)
For decades, economists at the university have argued against antitrust law. The current generation is realizing things may have gone too far.
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September 18, 2017
How Facebook Became the ‘Greater Devil’ of the Moment (Fortune)
Last week Adam Lashinsky suggested the long knives are out for Facebook from multiple corners. Regulators, politicians, the social media company’s publisher-partners, its own advertiser customers: they are all increasingly fed up with Facebook.
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September 18, 2017
Margrethe Vestager’s growing American fan club (Politico)
As America turns skeptical toward Silicon Valley, a familiar face from Brussels suddenly fits the changing mood.
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September 8, 2017
A warm bath (Civic Hall)
Asher Schecter of the Stigler Center at the University of Chicago Booth School of Business interviewed Barry Lynn about his ouster from New America.
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September 7, 2017
Harvard Law's Upcoming Conference on Populist Foreign Leaders (LawFare)
On Saturday, September 23, Harvard Law School, with the Stigler Center at the University of Chicago, will host a one-day conference on "populist plutocrats": leaders who capitalize on anti-elite sentiment to win office but once elected, appear interested primarily in enriching themselves and their close allies.
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September 4, 2017
Australian economy purrs along at a decent clip for the dominant players (The Australian)
Family holidays as a kid were barely possible without pulling up next to something “big”—be it a big pineapple, banana, merino, or prawn. Australia’s array of “big” things is impressive, unique but, alas, increasingly misleading.
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August 31, 2017
Scholar says Google criticism cost him job: 'People are waking up to its power' (The Guardian)
Barry Lynn has spent years studying the growing power of tech giants such as Google, and asking if they are monopolies. He believes the answer is yes.
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August 31, 2017
Raghuram Rajan Blasts Populist Nationalism, Says It's First Step to Crony Capitalism (News18)
Rajan talked about how the financial crisis pushed the middle-class worker to the tipping point and led to the rise of populists like Donald Trump.
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August 31, 2017
‘Pick-and-Choose’ Policies Helping Populist Nationalism: Raghuram Rajan (Bloomberg)
Much of the economic displacement observed in current times stems from the effects of the information and technology revolution and its magnification by trade. National populists have gained immensely by promising the affected individuals a “community” recreated for them, former Reserve Bank of India Governor Raghuram Rajan said in a recent address.
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August 29, 2017
Professor Profiles: Luigi Zingales, the University of Chicago Booth School of Business (MBA Mission)
Many MBA applicants feel that they are purchasing a brand when they choose a business school. However, the educational experience you will have is what is crucial to your future, and no one will affect your education more than your professors. Today, we focus on Luigi Zingales from the University of Chicago Booth School of Business.
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August 24, 2017
Il giornalismo d’inchiesta produce utili? Una “case history” (Mediapart) dimostra di sì (Il Sole 24 Ore)
Il giornalismo investigativo può essere una formula vincente per i giornali? In altre parole, esistono le condizioni perché un giornalismo d’inchiesta possa prosperare in un mercato editoriale asfittico senza dissanguare il bilancio di un giornale?
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August 22, 2017
Journalism, its economics and its freedom (Mediapart)
In the spring of this year Mediapart was the subject of a case study by one of the departments at the University of Chicago Booth School of Business. This is the background to an unexpected tribute which comes at a time when the model of 'free' news publishing is more than ever shown to be a dead end for the independence of journalism.
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August 21, 2017
Due proposte anti monopoli sul digitale (Corriere della Sera)
Sta accadendo qualcosa di molto importante nell’economia digitale. La constatazione che la presenza dei grandi colossi protagonisti di questo settore, diventato motore dello sviluppo, si sta configurando sempre più come un multi monopolio.
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August 20, 2017
Kapitalisme is de enige duurzame welvaartsmotor (Doorbraak)
De vrije markt, eigendomsrechten en de rechtstaat ontwikkelen maximaal het menselijk kapitaal
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August 16, 2017
Luigi Zingales: Empresas, dinheiro e influência política (Brazil Journal)
No ano de sua fundação, em 1600, a East India Company recebeu do governo britânico uma concessão para operar por 15 anos. Mas o desejo de uma das mais antigas corporações do mundo de estender seu monopólio acabaria impactando a política britânica por dois séculos.
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August 15, 2017
How America's corporate giants are hurting the economy (American Family Radio)
Big business around the world may have become too powerful, to the detriment of the economy.
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August 11, 2017
Why big companies may pose a threat to democracy and economic prosperity (Livemint)
The largest modern corporations have facilitated a massive concentration of economic and political power in the hands of a few people.
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August 10, 2017
An Israeli pharma champion sickens (The Economist)
The country frets about what Teva’s decline means.
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August 10, 2017
Mistrust in America could sink the economy (The Economist)
Part of the problem is a lack of competition in some industries.
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August 4, 2017
Aadhaar case: How data protection will also fix privacy issue. (Financial Express)
Even if SC rules privacy is a fundamental right, data protection laws critical for this, and it goes beyond Aadhaar.
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August 3, 2017
Sorry, but I don’t care how you felt on election night. Not anymore. (The Washington Post)
Essay collections by resistance writers are heavy on emotion, and light on practical responses for the Trump era.
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August 3, 2017
Trump Isn’t Draining the Swamp, He’s Deepening It (Cato Institute)
“Drain the swamp!” was a powerful rallying cry during Donald Trump’s presidential campaign. The businessman promised to govern in the public interest, and end the revolving door between politics and lobbying.
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July 31, 2017
Posner says 'highly politicized' Supreme Court should grow to 19 justices (Chicago Tribune)
Chicago's favorite smarty pants judge says the Supreme Court should have 19 members, not 9.
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July 30, 2017
Leadership Race Heats Up at Bank of Italy Draghi Once Headed (Bloomberg)
The euro area’s third-largest economy is seeking someone to help oversee its struggling recovery -- and review the European Central Bank stimulus the country relies upon.
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July 25, 2017
Making Sense of Our Very Competitive, Super Monopolistic Economy (Harvard Business Review)
In the 1980s and 1990s, Blockbuster modernized the movie rental business. It offered far more movies than its smaller rivals, used computers to better manage that inventory, and designed its stores to be bright and family friendly. By 1993, just eight years after its founding, Blockbuster was the global leader in movie rentals, with more than 3,400 stores worldwide.
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July 22, 2017
Aadhaar privacy row: Social trust can once again be created with Big Data (Financial Express)
The more data a Google has, the better its services...but if the consumer can ‘port’ her data, the market gets more competitive—we can also do this for our health records, etc
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July 20, 2017
Should America’s Tech Giants Be Broken Up? (Bloomberg)
Apple, Amazon, Google, and Facebook may be contributing to the U.S. economy’s most persistent ailments.
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July 15, 2017
Internet business executives are a troll on your wallet trolls who want to monopolize the network (Dziennik)
(Translation) No. Because it's a threat to freedom, "said Professors Guy Farmer and Luigi Zingales of the University of Chicago Booth School of Business in an editorial in The New York Times shortly after the conviction of Google. And they explain where the Internet's susceptibility to monopolization is. It's about the so-called. Network effects. "On a traditional market - they write - the choice of a product (for example, a car tire) by one consumer does not affect other consumers choosing this product, and competitors generally provide the best products at the lowest possible prices."
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July 14, 2017
So Many Critics of Economics Miss What It Gets Right (Bloomberg)
The standard takedown has some merit. But the recent focus on hard data instead of theories is making a big difference.
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July 14, 2017
Book of the week: The Chickenshit Club (MoneyWeek)
The Chickenshit Club: Why the Justice Department Fails to Prosecute Executives.
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July 1, 2017
Europe’s foresight and the destiny of the euro (Il Sole 24 Ore)
The first phase of the debate on the euro showed how the single currency is above all a political choice. In a democracy, political choices can be changed by voters.
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June 30, 2017
A Way to Own Your Social-Media Data (The New York Times)
The European Union imposed a 2.4 billion euro ($2.7 billion) fine on Google last Tuesday for manipulating its search engine results to favor its own comparison shopping service. It is just the latest institution to recognize the increasing monopolization of the technology industry.
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June 30, 2017
Zingales Says Travel Ban Caters to Immigrant Resentment (Bloomberg)
Luigi Zingales, professor at University of Chicago Booth School of Business, and Luca Paolini, chief strategist at Pictet Asset Management, discuss the Trump administration’s revised travel ban and overall agenda. They speak with Francine Lacqua and Tom Keene on "Bloomberg Surveillance."
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June 30, 2017
Giugliano Says Padoan Is Wrong About Options (Bloomberg)
In today's "Morning Must Read," Bloomberg’s Francine Lacqua highlights comments from Bloomberg View Columnist Ferdinando Giugliano on bank regulation in Italy. She speaks with Luigi Zingales, of the University of Chicago Booth School of Business, and Luca Paolini, of Pictet Asset Management Limited, on “Bloomberg Surveillance.”
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June 29, 2017
The E.U. has gotten much more popular. What happened? (The Washington Post)
The European Union, whose parliament meets here on the French border with Germany, has not exactly been popular in recent years.
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June 25, 2017
Explained: Why The Finance-Politics Relationship Deserves More Research (Swarajya Mag)
Professor Luigi Zingales from the University of Chicago explains why it is important to study and research issues of political economy of finance.
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June 22, 2017
"As a bank in Italy you lend to your friends" (nrc.nl)
(translated) Luigi Zingales, an economist and professor at the University of Chicago, presented this week at the Dutch Central Bank investigation into the background of the Italian mountain bad loans totaling about 360 billion euros. In the margins of the conference, told the Italian Zingales how the economy, politics and working culture of his country on the banks' balance sheets.
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June 20, 2017
Silicon Valley Has Too Much Power (The Financial Times Chinese)
(translated) FTChinese.com translated and reposted an article talking about whether monopoly and antitrust law needs to be rethought for the digital age. In the article, Chicago Booth Professor Luigi Zingales was quoted.
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June 17, 2017
The North goes, hello Trump (Il Foglio)
(translated) Luigi Zingales is interviewed about Trump, the American economy and U.S. Exports.
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June 8, 2017
A Capitalism For The People: Recapturing the Lost Genius of American Prosperity (Sohu)
(translated) Sohu.com posted a book review of “A Capitalism For The People: Recapturing the Lost Genius of American Prosperity” written by Chicago Booth Professor Luigi Zingales. According to the review, the outstanding feature of the book is that it differentiates the concepts of market protection, competition protection and enterprise protection.
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June 7, 2017
Not Everybody Thinks The U.S.-Mexico Sugar Deal Is So Sweet (MediaPost)
The U.S. government says it got just about everything it wanted in a preliminary trade deal that would curtail Mexico’s “dumping” subsidized sugar north of the border but a sugar trade group claims there’s a loophole and has refused to endorse it yet.
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May 31, 2017
Il ko di Bpvi e Veneto Banca, Zingales: «Gravi le colpe della politica, paghino» (Corriere del Veneto)
Parla l’economista: dissi invano alla Lega di chiedere trasparenza alle banche
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May 19, 2017
Zingales Says A Lot of People Left Out of U.K. Growth (Bloomberg)
Luigi Zingales, professor at University of Chicago Booth School of Business, discusses Brexit and the Tory Party’s manifesto. He speaks with Guy Johnson on "Bloomberg Surveillance."
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May 19, 2017
President Trump Is Strongly Committed to NATO, Stoltenberg Says (Bloomberg)
NATO Secretary General Jens Stoltenberg says President Trump has told him that he is strongly committed to NATO. Prior to that, Robert Hormats, Kissinger Associates’ vice chairman, says Merkel is the leader of the G-7 now. Luigi Zingales, a professor at University of Chicago’s Booth School of Business, says Republicans have been missing in action in keeping Trump in check.
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May 14, 2017
Silicon Valley has too much power (The Financial Times)
There is a conversation in the US about whether antitrust law should be rethought.
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May 11, 2017
Today's monopolies are yesterday's start-ups (Chicago Booth Review)
Competition is the essence of a capitalist economy, says Chicago Booth’s Luigi Zingales. But he cautions that in the United States, industry concentration is growing, and an increasing number of academics are concerned about the ramifications. Companies such as Google, which benefited early on from antitrust enforcement against Microsoft, are now themselves corporate powers, exerting enormous influence over regulators. This, he cautions, could have consequences.
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May 4, 2017
Friday's business with Katie Prescott (BBC)
The head of Goldman Sachs, has warned that the City of London "will stall" as a financial centre when the UK leaves the European Union.
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April 20, 2017
Are oligopolies bad for the U.S. economy? (MPR News)
MPR News chief economics editor Chris Farrell spoke with Derek Thompson from The Atlantic and Luigi Zingales, professor at Chicago's Booth School of Business, about the effect oligopoloies - airlines, cellphone carriers, internet providers - have on micro and macro economies in the U.S.
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April 17, 2017
Professors Talk Changing Chicago Economics (Chicago Maroon)
An April 12 editorial in The Economist argues that new concern for unregulated monopolies among University of Chicago economists signals a shift away from the traditional “Chicago school” emphasis on free market economics.
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April 17, 2017
FINANZA/ Se il ministro-ombra del governo Renzi-Grillo rilancia Eurexit (Il Sussidiario)
L'economista Luigi Zingales alza i toni su una resa dei conti sull'utilità dell'euro: è il "discorso" politico di una possibile convergenza post-elettorale Pd e M5S.
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April 16, 2017
Euro sì o no, un dibattito serio e costruttivo. Ecco le regole (Il Sole 24 Ore)
Tra i partiti italiani, la Lega è apertamente anti euro. Il Movimento 5 Stelle, Forza Italia, e Fratelli d’Italia sono più ambigui, tra proposte di una “moneta fiscale”, illegale nel contesto dell'unione monetaria europea, e un improbabile referendum, che ci costringerebbe ad una uscita dall’euro ad urne ancora aperte.
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April 13, 2017
Boycotting United will never work. Here’s Why (Bloomberg)
Angry about what happened in Chicago? The airline monopoly leaves you with few choices.
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April 12, 2017
The University of Chicago worries about a lack of competition (The Economist)
Its economists used to champion big firms, but the mood has shifted.
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April 10, 2017
M5s, l’economista Zingales: “Ministro coi 5 stelle? Fake news. Sono solo più aperto di altri ad alcune loro idee” (Il Fatto Quotidiano)
“Fantapolitica. Semplicemente a differenza degli altri, che sono molto rigidi, io sono più aperto intellettualmente anche a delle buone idee che hanno i grillini. Ma da qui a un governo, ne passa di strada”. Parola di Luigi Zingales, economista dell’Università di Chicago indicato da alcuni come papabile ministro dell’economia di un futuro governo M5s.
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April 6, 2017
Accounting cops have tough task of cracking down on corporate fraud (Chicago Tribune)
When it comes to policing corporate fraud, independent auditors are supposed to be the cops on the beat, but too often they miss or overlook important clues that signal big trouble is brewing.
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April 4, 2017
This Budding Movement Wants to Smash Monopolies (The Nation)
A very small number of companies control most of the economy. Why hasn’t that been challenged?
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March 27, 2017
Salviamo la Ue dagli «europeisti» (Il Sole 24 Ore)
La narrativa prevalente nelle celebrazioni per il 60° anniversario del Trattato di Roma è che bisogna salvare l’Europa dai populismi. Il meraviglioso progetto iniziato dai nostri padri, che ha portato pace e prosperità nel Continente, viene oggi messo in dubbio da leader senza scrupoli che aizzano un popolo ignorante a votare contro il proprio interesse. Quanto di vero c’è in questa narrativa?
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March 23, 2017
Lavish Rome Treaty Summit Will Skirt Issues in Stumbling Italy (Bloomberg)
As leaders celebrate the European Union’s 60th birthday in Rome this weekend, the host nation may be hoping that a pomp-filled ceremony distracts from any probing questions..
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March 17, 2017
De er blitt tiet ihjel, angrepet og svartmalt. Men tyveri kan fungere best mot populistene (Aftenposten)
ROOSENDAAL/OSLO (Aftenposten): Statsminister Mark Rutte brukte populistenes tøffe tone og vant valget i Nederland. Men strategien er farlig, mener flere forskere.
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March 15, 2017
O leilão eleitoral (Estadão)
Cientista político Marcus Melo, empregando conceitos de seu colega de profissão Iain McMenamin, analisa relação entre empresas e políticos no Brasil, e prevê futuro melhor.
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March 13, 2017
Expert says democracy is in trouble, has been for decades (The Columbia Chronicle)
Recent concerns over the current state of American democracy are warranted, but the loss of confidence in the system began long before the controversial 2016 presidential election, according David Moss, a professor at the Harvard School of Business.
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March 13, 2017
Double Standard in Advisor Punishment (Barron's)
Women financial advisors who engage in misconduct face harsher punishment and worse career repercussions than their male counterparts, reports InvestmentNews, citing new research.
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March 13, 2017
Buckle Up America: Trump is Our Berlusconi and We Are All Italians Now (Media Ite)
Earlier this month, President Donald Trump addressed members of the United States Navy from aboard the U.S.S. Gerald Ford. Ditching his usual suit and tie (and scotch tape) for a naval jacket, the president reiterated his promise for large increases in military spending. The performance was somewhere between George W. Bush’s Mission Accomplished speech and the Michael Dukakis tank.
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March 13, 2017
Research finds double standard for misbehaving female advisers (Investment News)
Male advisers are three times more likely to go rogue, but women pay higher price for transgressions.
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March 6, 2017
Crafts, Garicano, and Zingales on the Economic Future of Europe (Econtalk)
What is the future of the European economy? What are the challenges facing Europe? What are the implications of Brexit for the United Kingdom and the rest of the Europe? Nicholas Crafts of the University of Warwick, Luis Garicano of the London School of Economics, and Luigi Zingales of the University of Chicago's Booth School of Business talk with EconTalk host Russ Roberts about these questions and more in front of a live audience at Stanford University's Hoover Institution.
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March 2, 2017
A corruption probe raises uncertainty over the future of Eni’s boss (The Economist)
Oil giant’s response also raises corporate-governance concerns.
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February 26, 2017
La politica può aiutare la (buona) innovazione (Il Sole 24 Ore)
Dopo il Governo Prodi e quello Monti, anche il Governo Gentiloni si arrende ai tassisti, gli altri governi non ci hanno neppure provato. Grazie alla pavidità della nostra classe politica, i tassisti sono riusciti a bloccare non solo la forma più economica di Uber (quella che negli Stati Uniti si chiama Uber Pop e costa il 30% meno dei taxi americani che costano il 30% meno di quelli nostrani), ma a rendere difficile e costosa anche l'opzione di Uber che utilizza le auto blu registrate per il trasporto clienti.
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February 22, 2017
After April’s March for Science, what next for anti-Trump scientists? (The Guardian)
To counter Trump’s administration, scientists need counter-propaganda, evidence-based alternative policies and political representation.
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February 20, 2017
Liberals and the Trump Blame Game (The New York Times)
Ever since Donald Trump announced his presidential campaign and shot to the top of the polls, some political analysts have blamed liberals and liberalism for his rise. (For a long list of examples, type the words “Trump liberals fault” into Google.)
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February 5, 2017
Como sobreviver a Donald Trump? (Publico)
A condição decisiva para a América sobreviver a Donald Trump é tratar a polarização que a dilacera. É a mais difícil das tarefas políticas.
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February 5, 2017
News Analysis: Could populist victory in Italy set up tricky referendum on euro (Xinhua News Agency)
Financial markets are responding to prospects that Italy may leave the 19-member Eurozone, as chances grow that the anti-euro Five-Star Movement political party may win the next round of national elections.
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February 1, 2017
Dashed Expectations Power White Anger (Bloomberg)
A while ago, I wrote about a new theory that’s gaining some ground in economics and finance. This is the theory of extrapolative expectations, which says that people tend to mistakenly think that recent trends are going to keep going. That theory could help explain financial bubbles. But I also believe it can help explain a lot of the anger we’re now seeing in the political world -- especially the rage that led to the rise of Donald Trump.
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January 30, 2017
Luigi Zingales: «Donald Trump et les entreprises, c’est la loi du Parrain»" (l'Opinion)
Pour l’universitaire américain, les industriels « vont concentrer l’essentiel de leurs efforts à complaire au pouvoir en place de peur des représailles », ce qui nuira à l’innovation et à l’investissement.
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January 17, 2017
Luigi Zingales: las políticas económicas de Trump "son pro-negocios, no pro-mercado" (Pulso)
Las condiciones favorables a las empresas locales, dice el profesor de la U. de Chicago, no permiten que las compañías y consumidores se beneficien de la competencia internacional. Además, critica los ataques que el presidente electo hace a través de su cuenta de Twitter.
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January 15, 2017
Morosos al descubierto (El Periódico)
La Asociación Bancaria Italiana ampara la filtración de la lista de los causantes del agujero de 47.000 millones del Monte dei Paschi di Siena. Empresarios, inmobiliarias, armadores y equipos de fútbol figuran entre los nombres.
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