The so-called “Cash for Clunkers” program, aimed at stimulating the auto industry by offering consumers rebates for turning in old cars for more fuel-efficient models, went through its $1 billion in a week. The House then voted to add $2 billion more to keep the program going. School of Management Professor Shuba Srinivasan, who has [...]
July 31, 2009 at 11:34 am
Federal regulators reportedly have ratcheted up significantly the number of “memorandums of understanding” probation notices sent to troubled banks this year. The notices can force banks to shore up capital reserves or change management. School of Law Professor Cornelius Hurley, a former counsel to the Federal Reserve Board of Governors and now director of the Morin [...]
July 30, 2009 at 11:45 am
A federal judge says the U.S. and the Swiss bank UBS has until Friday to settle a lawsuit over the IRS demands for the names of 52,000 of the bank’s American clients suspected of evading taxes. Professor Daniel Berman, a former deputy international tax counsel to the Treasury Department and international tax-law authority who directs [...]
July 30, 2009 at 10:49 am
“A new research study, hot-off-the presses, has shown that conventionally grown produce is as nutritious as organic fruits and veggies. This is good news as a well-balanced diet that is rich in fruits and vegetables, no matter how they are grown, is your best defense in fighting heart disease, certain cancers, stroke, and diabetes….all major [...]
As the Senate moves closer to a healthcare reform compromise that could draw bipartisan support, Democratic House leaders have reached a deal with their fiscal conservative “Blue Dog” members. School of Management Professor Stephen Davidson, author of “In Urgent Need of Reform: Saving the U.S. Healthcare System,” says too many compromises could threaten real reform. [...]
In a big deal for the Internet search world, Microsoft and Yahoo have entered a partnership to take on Google. Microsoft’s new Bing search engine will power Yahoo’s search, and Yahoo will be the global sales force for both companies’ search advertisers. School of Management Professor N. Venkat Venkatraman says it’s a good deal for [...]
The $450 trillion over-the-counter derivatives market, which added greatly to the economic crash, will be under scrutiny as Congress considers how to curb speculation in credit default swaps. School of Law Professor Tamar Frankel, an authority on securities law, says regulating CDSs would help. “Credit default swaps are chisels with which our brokers, dealers and [...]
On a 13-6 vote, with only one Republican siding with her, Sonia Sotomayor has been endorsed by the Senate Judiciary Committee to become an associate justice of the Supreme Court. Full Senate debate on the nomination is expected next week. School of Law Professor Jay Wexler, who clerked for the current court’s only female justice, [...]
Is the GMAT the most important criterion? Personal essays? Letters of recommendation? School of Management Director of Graduate Admissions Christopher Storer discusses the business-school admissions process in a BusinessWeek Q&A. “Our first job in admissions is to ensure that people are going to be successful in the classroom.” Contact Christopher Storer, 617-353-6791, cstorer@bu.edu
July 28, 2009 at 11:36 am
“Americans are battling the bathroom scale and are losing the battle. The CDC reports that two thirds of American adults and one fifth of children are overweight. Small, continued steps are needed to change our habits through healthy eating, adding physical activity to our day, and modifying our behaviors. Here are 52 small steps to [...]
