From October 2014 through September 2015, eligible faculty and staff can earn up to $450 in their paychecks for taking steps to improve your health. The Wellness Incentive for this year includes a two-tier incentive program: [Read more →]
October 13th, 2014 · Uncategorized
October 13th, 2014 · Events
Pre-tenure faculty are invited to a Promotion and Tenure workshop from 2 – 3:30 p.m. on Nov. 5 at the FaCET Center. [Read more →]
October 13th, 2014 · News
William K. Black, an associate professor with dual appointments in Economics and the School of Law, was the subject of a 30-minute interview with renowned television journalist Bill Moyers. The topic, “Too Big to Jail,” addressed the banking scandal at the root of the Great Recession that started in 2008.
Black is a longtime critic of the government’s failure to bring criminal prosecutions against any bankers or other Wall Street executives connected with the massive financial collapse. He made news again recently as the prime defense witness in a federal case in California in which four borrowers charged with mortgage fraud were acquitted.
“Bill Black’s testimony helped blow up the prosecution’s contention that the little guy was the culprit, when in fact it was the bank executives who had deliberately created the fraudulent loans to enrich themselves,” Moyers said during the show.
Black, a former federal prosecutor, is the author of “The Best Way to Rob a Bank is to Own One” (University of Texas Press 2005).
Meanwhile, Economics department chair Stephanie Kelton was featured in a lengthy interview in the popular online magazine Salon. In “The Economy Still Sucks: Economist Stephanie Kelton on Why We Can’t Declare Victory Just Yet,” Kelton states that we may be better off than we were a couple of years ago, but still have a long way to go, especially for the people on the bottom rungs of the economic ladder.
“Because we’re [seeing decent] top-line economic growth figures, and on the surface the unemployment situation appears to be improving, you could make the argument that the economy is improving,” she told reporter Elias Isquith. “But for too many Americans, it doesn’t feel like it’s improving. We know that too many of the Americans who lost jobs in the downturn and that have gone on to find [new] employment are actually working for wages or salaries that are below what they were when they lost their jobs. So the economy’s better [for those people] in the sense that they’re no longer unemployed … but they’re not making what they were before the Great Recession began.”
Under-employment – people who want full-time work but can’t find it – remains stubbornly high, Kelton said – and a solution is within reach, but not the political will to implement it.
“You’re looking at like 25 million Americans who want full-time work and can’t find it in today’s economy. And how many jobs are available? Around 4 million,” Kelton said. “The estimate now is that we need to spend around $3.6 trillion improving our nation’s bridges, levies, ports, water treatment facilities, hospitals, schools — the whole of our infrastructure. It’s $3.6 trillion of useful work … Plenty of raw materials, no inflation forecast, no problematic inflation forecast anywhere on the horizon…
“There’s no reason not to do it, except that everything has to be done in a revenue-neutral way now … and all this nonsense that keeps us from doing what we should be doing.”
October 6th, 2014 · News
October 6th, 2014 · Events
October 6th, 2014 · Events, Mission and Goals, Uncategorized
October 6th, 2014 · Health and Wellness
Flu season is coming. Are you ready? Healthy for Life – the Wellness Program for UM faculty and staff – is holding flu shot clinics on campus. [Read more →]
October 6th, 2014 · Awards and Honors
October 6th, 2014 · Events
October 6th, 2014 · Uncategorized
Do you work with someone who is constantly negative? Perhaps he or she criticizes others, gossips, grumbles or sees every opportunity as a threat? Sometimes just one negative person can erode an entire work environment. [Read more →]