The habit of taxing Multinational Enterprises (MNEs)’ profits is the legacy of a time when “GM had to make cars in Detroit and Hollywood had to make movies in L.A.”, but is now inefficient and detrimental to global welfare, a new study by Nicolai Foss, Rodolfo Debenedetti Chair of Entrepreneurship at Bocconi University, and colleagues...
Are Americans becoming lonelier? On May 1, NPR reported on a survey about loneliness conducted by Cigna, a large health insurance company. Cigna asked over 20,000 American adults if they agreed with statements like “People are around me but not with me” and “No one really knows me well.” The survey found that younger Americans...
“Civilization begins with distillation,” said William Faulkner, a writer and drinker. Although our thirst for alcohol dates back to the Stone Age, nobody has figured out a good way to deal with the ensuing hangover after getting drunk. As a chemical engineering professor and wine enthusiast, I felt I needed to find a solution. As...
New York Attorney General Eric Schneiderman resigned on Monday, May 7, hours after The New Yorker published an article in which four women accused him of physical abuse. This came soon after the Academy of Motion Pictures Arts and Sciences announced its expulsion of Bill Cosby and Roman Polanski for violating the organization’s standards...
Millions of Americans apply personal care products every morning before heading to work or school. But these products don’t stick to our bodies permanently. Over the course of the day, compounds in deodorants, lotions, hair gels and perfumes evaporate from our skin and eventually make their way outdoors. Now there’s new evidence to suggest that...
The romanticized image of entrepreneurs is a picture of youth: a 20-something individual with disruptive ideas, boundless energy and a still-sharp mind. Silicon Valley has bet on this image for years. But is this right? Far from it, according to our recent research with Javier Miranda of the U.S. Census Bureau and Pierre Azoulay of...
The Bank of England’s chief economist, Andy Haldane, has urged his colleagues to examine the musical mood of the nation when contemplating changes to the bank’s interest rate. How could an increase in Taylor Swift downloads or a decline in the popularity of rock and roll be relevant for managing the economy? It all comes...
Donald Trump’s decision to unilaterally pull the US out of the Iran nuclear deal doesn’t just have important political and security implications. Because sanctions are at the heart of the deal, it will also have a significant economic impact. Just how big this is depends on the response of the European signatories to the deal...
Mad Magazine is still hanging on. In April, it launched a reboot, jokingly calling it its “first issue.” But in terms of cultural resonance and mass popularity, it’s largely lost its clout. At its apex in the early 1970s, Mad’s circulation surpassed 2 million. As of 2017, it was 140,000. As strange as it sounds,...
Many Airbnb venues in the United States fail to provide the critical carbon monoxide and fire safety protections that are legally required of hotels and motels, suggests new research from the Johns Hopkins Bloomberg School of Public Health. The analysis, published May 7 in the journal Injury Prevention, revealed that while the majority of rental properties–80...