TIME: “Which companies are shaping our future? That’s the question at the heart of our first ever TIME 100 Most Influential Companies, a new list—and an expansion of our iconic TIME100 franchise—that highlights businesses making an extraordinary impact around the world. To assemble it, TIME solicited nominations across sectors including health care, entertainment, transportation, technology… Continue Reading
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Category Archives: Economy
Tax Evasion at the Top of the Income Distribution – Theory and Evidence
NBER Paper – “This paper studies tax evasion at the top of the U.S. income distribution using IRS micro-data from (i) random audits, (ii) targeted enforcement activities, and (iii) operational audits. Drawing on this unique combination of data, we demonstrate empirically that random audits underestimate tax evasion at the top of the income distribution. Specifically,… Continue Reading
CEO Pay Remains Stratospheric Even at Companies Battered by Pandemic
The New York Times – “…The coronavirus plunged the world into an economic crisis, sent the U.S. unemployment rate skyrocketing and left millions of Americans struggling to make ends meet. Yet at many of the companies hit hardest by the pandemic, the executives in charge were showered with riches. The divergent fortunes of C.E.O.s and… Continue Reading
A brief history of how it took almost 300 years to pass the Americans with Disabilities Act
Fast Company – “By now you’ve probably heard that the pandemic has hit certain groups more than others. Women, particularly women of color, have lost a historic number of jobs, which has a ripple effect on the wage gap and the global economy overall. What’s less well known is that between March and August 2020… Continue Reading
Why lawmakers are so interested in Apple’s and Google’s “rents”
Ars Technica: You can’t understand the app store debate without some grasp of antitrust jargon. [Note: Primary reference is Senate Judiciary Committee, Subcommittee on Competition Policy, Antitrust, and Consumer Rights, hearing held April 21, 2021] “In economics, the concept of rent refers to money that a business makes in excess of what it would get… Continue Reading
Survey of Pandemic and Post-Pandemic Law Practice
“The COVID-19 pandemic has had a significant effect on virtually all segments of the legal profession, prompting a unique opportunity for firms and organizations to reimagine the practice of law, according to a new survey released today by the American Bar Association. Findings from the national survey, “Practicing Law in the Pandemic and Moving Forward,”… Continue Reading
Inside the Future 50: Why these companies thrived in the pandemic—and could grow even faster coming out of it
“As we move past the one-year mark since the COVID-19 crisis first spread to businesses and markets around the globe, it’s clear that the competitive landscape has been significantly reshaped. New winners and new losers emerged in many industries, with the difference often explained by their responses to the pandemic and the new needs it… Continue Reading
Non-Fungible Tokens Force a Copyright Reckoning
IP Watchdog: “NFTs may actually mark the new era in online content; an era where we eventually see every digital copy tagged with a serial number to trace and prosecute counterfeiting….From the advent of the internet, digital commodities and technologies have ceaselessly presented new hurdles for intellectual property (IP) owners and protectors. The cycle of… Continue Reading
Upwork examines the impact of remote work on socialization
TechRepublic – “The post-pandemic landscape will include plenty of options for professionals to interact outside the home, a new report finds. The freelancing platform Upwork wanted to find out where workers would be perched post-pandemic and to determine the impact remote work has had on professionals as it relates to socialization. Its economist, Adam Ozimek,… Continue Reading
No one wants to pay $200 for a textbook
EdScoop -“No one wants to pay $200 for a textbook, and soon no one will have to, because the $200 textbook may be disappearing. Like other technological trends that were plodding along before COVID-19, the use of digital resources and freely licensed learning materials — known as open educational resources, or OER — exploded in 2020.… Continue Reading
The Return to Public Library Investment
The Returns to Public Library Investment – Gregory Gilpin, Ezra Karger, and Peter Nencka, Federal Reserve Bank of Chicago, April 2021. “Local governments spend over 12 billion dollars annually funding the operation of 15,000 public libraries in the United States. This funding supports widespread library use: more than 50% of Americans visit public libraries each… Continue Reading
COVID Take a Toll on Women’s Legal Careers
Law360 – “…As early as April 2020, economists coined the term “she-cession” to describe the pandemic-fueled economic downturn’s effect on the unemployment rate among women. While past recessions took a larger toll on men, the global job loss rate for women last year was 1.8 times higher than it was for men, according to a… Continue Reading
