By Henry Leveson-Gower “It was a moral cause, more than an intellectual one. Maybe today’s economic reformation needs to be founded on an understanding of the corruption of the current economic system underpinned by economic ideology such as ‘maximising shareholder…
AIR IMPACT
Recognition of AIR research, opinions, and people in the media and elsewhere
Tax-Reform Bill Is No Balm For The Middle Class
By Theresa Gilman “There’s no trickle down, there’s just a gusher to the top.” That’s UMass Lowell Economics Prof. William Lazonick’s take on what will happen if the tax-reform bill being debated in the committee ultimately makes its way to President…
Tax-reform bill is no balm for the middle class
By Katherine Webster “There’s no trickle down, there’s just a gusher to the top.” That’s UMass Lowell Economics Prof. William Lazonick’s take on what will happen if the tax-reform bill being debated in the committee ultimately makes its way to President…
There goes neutrality
By Sabri Ben-Achour “The Federal Communications Commission rolled back Obama-era regulations today, ruling that internet providers are no longer required to treat all internet content equally. But what will that look like? And the holiday season is officially upon us, so…
Share buyback machine now in overdrive—dropping a strong hint at what CEOs plan to do with tax savings
By Ciara Linnane and Tomi Kilgore “Long-term investors and workers hoping that the tax overhaul and repatriation holiday will encourage investment in growth and a rise in wages should brace for disappointment. A spike in share buyback and special dividend…
It’s so much worse than I thought, part 2
By Ted Fuller “n part 1, I mentioned that I had just learned that the tax bill will reduce corporate taxes by $2 trillion over 10 years. It is well known that a popular myth among Republicans is that tax…
Are companies that buy back their own shares manipulating the market
By David Green “Last week’s white paper on industrial strategy put forward a few useful ideas but ignores the main structural problem we face: the ‘financialisation’ of the economy. At a time when we urgently need to invest to raise productivity,…
ime for ‘Asia-first’ thinking as the US and Europe question financial regulations
By Andrew Sheng “Hong Kong this week celebrated the breaking of the 30,000 level on the Hang Seng Index for the first time in a decade. It may well top the peak of 31,958 on October 30, 2007, before the global financial crisis.”… [Click HERE…
Economics professor says tax cuts won’t create jobs,
By Katharine Webster “Economics Prof. William Lazonick has been sounding the alarm about corporate stock buybacks for years. Since the early 1980s, when the Securities and Exchange Commission eased regulations on buybacks, corporations have increasingly used profits to repurchase their own shares, his…
A seminar on innovation economics, deconstructing shareholder value & equitable growth, w/William Lazonick Professor UMass Lowell
By Mike Baliman “This week a bumper-packed Tour d’Horizon/Tour de Force. William Lazonick is best known for his iconic “2014 Harvard Business Review’s best article” Profits Without Prosperity: Stock Buybacks Manipulate the Market and Leave Most Americans Worse Off.”… [Click HERE to…
