We need economic rescue, and we need it now 

We need economic rescue, and we need it now 

After months of failed negotiations that have left many Americans, businesses and the economy in the lurch, lawmakers are scrambling to reach a deal on an economic stimulus plan that could top $900 billion. If Congress passes the deal, will it do enough to help struggling Americans and businesses stay afloat? To answer that question, three business and economics experts at Washington University in St. Louis shared their thoughts on the proposed plan, what lawmakers got right, what is missing and what ticking time bombs remain.
Wanted: Board of directors’ member with bankruptcy experience

Wanted: Board of directors’ member with bankruptcy experience

Olin Business School researchers were part of a team that learned firms take more risks after a member of their board of directors undergoes a bankruptcy at another firm where they serve as a director. The co-authors discovered such risk-taking usually occurs when this particular director both experienced a quick, less-costly bankruptcy elsewhere and serves in a position of greater influence.
Home inequity: Study finds income, job rut for millions in U.S.

Home inequity: Study finds income, job rut for millions in U.S.

At a time when evictions and mortgage defaults have been likened to an oncoming tsunami across America, a big-data study of loan-to-value ratios in the wake of the 2007-08 recession carries a cautionary forecast for vexing economic weather ahead: The higher a worker’s outstanding mortgage relative to their home value, the worse their future income growth and job mobility.
Having a higher purpose promotes happiness, lowers stress, survey finds

Having a higher purpose promotes happiness, lowers stress, survey finds

Having a personal higher purpose promotes well-being, more happiness and even lower stress from the COVID-19 pandemic, according to findings from a new survey by two Washington University in St. Louis researchers from Olin Business School. Also, employees of organizations with higher-purpose statements are happier and prouder of their organizations than are employees at workplaces without a statement, the results show.
CFPB, despite ruling, will blow with presidential wind

CFPB, despite ruling, will blow with presidential wind

A U.S. Supreme Court ruling June 29 won’t alter the fledgling Consumer Financial Protection Bureau because it already morphed during the first decade of its existence to where it falls under the philosophical whim of each presidential administration, says an Olin Business School scientist at Washington University in St. Louis.
Federal package ‘not enough’

Federal package ‘not enough’

The $2 trillion plan to prop up a pandemic-reeling United States, amid the news that there were 3.3 million unemployment claims lodged in the previous week, is expected to pass the House on March 27. An array of Washington University in St. Louis experts offer perspectives on the plan.
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