McCombs faculty discuss U.S. financial crisis
McCombs School of Business Dean Tom Gilligan hosted a lively discussion on the current economic crisis threatening America’s financial stability as well as the global economy on Oct. 3 just as Congress...
View ArticleCommunication dean comments on Obama’s recovery plan
President-elect Barack Obama faces a delicate task today as he pitches his economic recovery plan. He must underscore the urgency of the recession without further unsettling the nation’s shaky...
View ArticleAccounting faculty contribute op-ed piece to The New York Times
Timothy Geithner, the Treasury secretary, has pledged that the second bank bailout will be characterized by far greater transparency than the first on the part of the financial institutions. If he is...
View ArticleLBJ Chair talks about the state of financial institutions
As part of its $700-billion bank bailout, the U.S. government is injecting $45 billion of taxpayers’ cash into each of the two most impaired institutions in the elephantine herd, Bank of America and...
View ArticleProfessor says bringing unemployment rate below 9 percent will be “a struggle”
While overall unemployment dropped from 9.5 percent in June to 9.4 percent in July, the number of long-term unemployed (those jobless for 27 weeks or more) increased to 4.9 million, up from 4.4 million...
View ArticleLBJ professor says economic prosperity could take years
It’s about to become official: The recession is over — but not the pain. James K. Galbraith, an economist at The University of Texas at Austin, suggests too much attention is given to when recessions...
View ArticleIs today really just yesterday?
Michael Brandl is a senior lecturer in the Department of Finance in the McCombs School of Business. His article was featured in the McCombs Today blog. I was having a lunchtime chat the other day when...
View ArticleBiz LINGO: What is a "moral hazard"?
OK, we admit it. Sometimes the business world gets a bit bogged down in jargon. But this is important stuff, so we want to help clear up any confusion. In our new series, LINGO (the language of...
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The deficit dilemma
In two short years, the $1.6 trillion federal deficit and the $14.2 trillion national debt — and the debt ceiling — have moved from the wonk rooms to the front pages. Americans have awakened to the...
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