Don't confuse soaring stocks with real economic growth – 12/29/17
Article by Visiting Professor Benjamin Harris gives a recap of the 2017 stock market and offers his predictions for stocks in 2018. “To sum up, was 2017 one of the best years ever for the market? No. Was it in the top quarter? Yes. Were market gains indicative of higher long-run growth? Probably not. Can we expect more fiscal stimulus in 2018? Only if you’re a true optimist.”
Trump's New Tax Reform Likely Won't Help The Trade Deficit – 12/28/17
Article by Adjunct Professor Phil Levy discusses the new tax law signed by President Trump, and explains that while features of the law may positively impact the desirability of doing business in the United States, the President has a particular fascination with the trade deficit. Does it follow that a boost to business incentives will move us toward balanced trade?
Poets & Quants
Our Favorite MBA Startups Of 2017 – 12/28/17
Article discusses P&Q’s favorite MBA startups coming out of 2017, highlighting the Kellogg social impact startup, Front Row Education, on page 2.
The Loopholes Drug Companies Use to Keep Prices High – 12/20/17
Article discusses how drugmakers are using a variety of strategies to extend the exclusivity period of their wares, keeping less expensive alternatives away from patients. Article quotes Professor Craig Garthwaite, on how “the expectation of more exclusivity fuels investment in drug companies, potentially leading to future breakthroughs—even as some patients have trouble paying for the drugs.”
Crain's Chicago Business
Rauner keeping public in dark about rates in Medicaid reboot – 12/19/17
Article examines the lack of public disclosure in Governor Bruce Rauner’s Medicaid managed care overhaul, quoting Professor Joel Shalowitz, who contrasted Illinois' lack of disclosure with Medicare, which typically makes rates public. "My personal philosophy is that if it's a public contract, it should be open to public scrutiny."
The Washington Post
How too much focus on ‘superstar’ workers enables harassment – 12/19/17
Article explains how various industries have an organizational culture that rewards stars and bestows power not just on the CEO or president at the top, but to those who are star performers on or behind the scenes or when it comes to the bottom line. Article quotes Professor Dylan Minor, "Those firms today that are so focused on the 'star' employee, where it’s all about productivity -- that’s an enabling environment… people can have less than favorable evaluations and it doesn’t matter. All that matters is the numbers."