A reduction in the number of skilled immigrant worker visas in the United States has had a detrimental effect on innovation, according to a study co-authored by Rina Ray, PhD, an Assistant Professor of Finance at the CU Denver School of Business.
Ray and her co-author, Rasha Ashraf, PhD, Georgia State University, found that U.S. firms dependent on skilled immigrant workers saw a decline in both patents and citations since 2004. Read more
Global stock markets have been in a tailspin this week. And the sinking price of oil received at least some of the blame.
Just this week, the cost of a barrel of crude reached a 12-year-low of US $27 (RM118.33), down from more than US $100 a little more than year ago. And that may not be the end of it, according to some in the industry.
Plummeting oil prices have raised fears of a worldwide recession, even though countries are still reporting growth in jobs and income. Read more
More progressivity means more progress. Especially after 2008. That’s the Democratic tax philosophy seven autumns after the financial crisis. Voters are still frustrated by the arbitrary quality of the rescues and the uneven quality of the recovery. So Hillary Clinton proposes increases in capital-gains-tax rates for top earners. Clinton’s former fellow candidate Lincoln Chafee offered to raise the top marginal income tax rate to 45% from the current 39.6%. Read more