To live in the same location as so many other people who are driven, smart, and think about a diverse range of topics is something that I benefited from on a personal, career, and intellectual development level.”Allison Moomey ’14
A real estate boom can drive the construction of new homes, commercial centers, and skyscrapers, reshaping cities. The following bust can leave neighborhoods vacant. Have factors like the increasing availability of public information about real estate and the shift toward a global marketplace tamed a cycle that has played out repeatedly over the centuries?Real Estate
In a New York Times op-ed, Professor Robert J. Shiller explains that stock market movements are driven by popular narratives that spread like “thought viruses.” Secular stagnation—the idea that the global economy may languish for years to come—is the current story driving down the stock market. Whether true or false, the idea alone has the potential to erase five years of gains and create a bear market.Behavioral Approach to Management Finance
Continuing weakness in the European economy, plus squabbling between Germany and France over the direction of Europe, has sparked new concerns about the future of the Eurozone. But José Manuel Barroso, president of the European Commission, argues that reforms made since the last financial crisis should help keep Europe afloat.Global Business Public Policy
Children are 30% more likely to take a stimulant medication during the school year than they are to take one during the summer, according to a new study published in the American Sociological Review. The authors found that school-year increases in stimulant use are largest for children from socioeconomically advantaged families. Because many children use stimulants only during the school year and take a “drug holiday” in the summer, the authors conclude that these children are using stimulants to manage their schools’ academic demands.
Millions of people around the world want to swim in tropical waters and take in unsullied wilderness. Can the Philippines build a productive ecotourism industry around its natural environment? The Asian Institute of Management’s Fernando Y. Roxas talks about the country’s chances of claiming a link in the “tourism supply chain.”Global Business