Management Professor’s Research Spurs U.S. Push to Ban Noncompete Agreements for Workers
The United States is moving to ban noncompete agreements in labor contracts, and research from Maryland Smith management professor Evan Starr is behind the push.
Several University of Maryland Researchers Meet at Smith to Talk Climate Finance
Supply chain risks from weather and climate, financing infrastructure risk reduction, and how measurement affects management when it comes to climate reporting were among the topics discussed at the Smith School on October 27 and 28, 2022. Roughly 30 participants, including University of Maryland professors, students, and representatives from financial institutions like the World Bank, T. Rowe Price, and PricewaterhouseCoopers were in attendance.
Inflation’s Root Cause and Downside of a ‘Windfall Profits Tax’
The consumer price index’s 7.9 percent increase over the past year “is excessive inflation” and “primarily the result of unnecessary fiscal stimulus ($1.9 trillion American Rescue Plan Act)” that has been “bolstered by excessively accommodative monetary policy by the Federal Reserve,” said Maryland Smith’s Michael Faulkender in opening remarks to lawmakers in an April 5, 2022, Senate Budget Committee hearing titled “Corporate Profits are Soaring as Prices Rise: Are Corporate Greed and
Smith Expert to Testify Before Senate Committee
Dean’s Professor of Finance Michael Faulkender at the University of Maryland’s Robert H. Smith School of Business will testify tomorrow (11 a.m. Tuesday, April 5, 2022) during a Senate Budget Committee hearing titled “Corporate Profits are Soaring as Prices Rise: Are Corporate Greed and Profiteering Fueling Inflation?”
White House Call for Labor Reforms Extensively Cites Research by Smith’s Evan Starr
U.S. Treasury's recent study reveals anti-competitive labor practices depressing wages amidst COVID-era 'tight labor market' narrative. Biden Administration proposes reforms in response to "The State of Labor Market Competition." Research by Maryland Smith's Evan Starr cited, highlighting detrimental impacts of noncompete and nondisclosure agreements on workers. Insightful testimony informs legislative action.
Maryland Smith’s Rossi Selected for FDA Committee
Maryland Smith finance professor Clifford Rossi has been selected by the Food and Drug Administration to serve on its Pharmaceutical Science and Clinical Pharmacology Advisory Committee.
McNamee Reappointed to Federal Accounting Standards Advisory Board
Maryland Smith’s Pat McNamee has been reappointed to the Federal Accounting Standards Advisory Board, for a second five-year term, which began on Jan. 1 of this year.
Is It Time for Financial Climate Risk Regulation?
Financial institutions should be accounting for climate change, but risk models currently are insufficient for regulators to mandate climate stress testing or capital requirements, Maryland Smith’s Clifford Rossi said this week, speaking to the Subcommittee on Consumer Protection and Financial Institutions in the U.S. House of Representatives.