Las Vegas Review-Journal
Trump, GOP unveil framework of plan to revamp, simplify tax code – 09/27/17
Article explains the first major revamp of the nation’s tax code in three decades presented by Trump and congressional Republicans, noting that this code would cut levies for corporations, simplify everyone’s brackets and almost double the standard deduction used by most Americans. Visiting Professor Ben Harris notes that “middle-class families get almost nothing” out of the plan.
Are we offering kids too many choices? – 09/27/17
Article highlights research by Professor Michal Maimaran that explores “how an abundance of choice affects children, and in particular, how having so many affects how engaged they are with the option they ultimately choose.” She found that there can be negative consequences to giving children lots of options, mainly that in the end they spend less time engaged with their choice than when they pick from a smaller set.
How the London License Ban Could Help Uber’s New CEO – 09/25/17
Article by Professor Harry Kraemer explores the Uber license ban in London, noting that this could be an unexpected gift for the new CEO Dara Khosrowshahi. Instead of going to court over the ban, the CEO could accept the ban in return for an opportunity “to prove his seriousness about changing the company’s culture and business practices.”
New York Times
When a Drug Coupon Helps You but Hurts Fellow Citizens – 09/25/17
Article discusses how using coupons that cause consumers to switch away from a generic drug, with an overall lower cost, to a brand-name drug may be playing a role in raising drug spending and premiums for others. According to a study co-written by Research Assistant Professor Christopher Ody, “the coupons for drugs with generic competition are responsible for several billion dollars of additional drug spending per year.”
Which country has the best healthcare? – 09/23/17
Video clip features Professor Craig Garthwaite following up from an article published last week that asked experts in health care and economics to rate various national health care systems. Garthwaite gives explanations for the choices he and the other panelists made, as they awarded Switzerland with the best system.
Poets & Quants
New MBA Courses At Top Business Schools – 09/20/17
Article takes a look at the trend that as the world changes and progresses, business schools change and progress as well, usually in the form of courses. It notes that Kellogg is offering 11 new courses this year.
The New York Times
While Premiums Soar Under Obamacare, Costs of Employer-Based Plans Are Stable – 09/19/17
Article explains the sharp contrast between the fast rising price of health insurance premiums in many marketplaces and the remarkably stable cost over the past year of coverage for the large number of people who are insured through their jobs. About 151 million people are covered through their employer, quoting Professor Craig Garthwaite on “a remarkable stubborn stability” that characterizes the insurance environment for many companies.
Graham-Cassidy's cuts are confusing. Let’s make them simple. – 09/19/17
Article discusses why many Senate Republicans still have yet to decide on the Graham-Cassidy healthcare bill, noting that many are still “looking at the numbers” of the funding. Taking a look at DSH funding in particular, Professor Craig Garthwaite notes that the very existence of this provision is “admitting that this is gonna increase the number of people who are uninsured and those people are still gonna go to the hospital.”
Ingredion CEO is latest Chicago-area female CEO to leave post – 09/18/17
Article discusses how Ilene Gordon, the Ingredion CEO, will retire from the company next year, further thinning the amount of top female executives of large corporations in the Chicagoland area. Although this trend may be occurring in Chicago, across all Fortune 500 companies the number of female CEOs increased this year; however, Professor Megan Kashner said it’s too early to say whether the increase this year is a trend reflecting any real progress.