In the News
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August 21, 2024
“There’s no way that it wouldn’t be a mess. You will have taxpayers pushing their attorneys to try to characterize their wage and salary income as tips. And some would be successful, inevitably, because it’s impossible to write foolproof rules that will cover every situation,” said James Hines, professor of law and economics, about proposals from both Donald Trump and Kamala Harris to eliminate federal taxes on workers’ tips.
The Associated Press -
August 21, 2024
“It’s a positive outcome if you don’t have to live together after you’ve broken up. It allows people to live in the way they want to be living,” said Natasha Pilkauskas, associate professor of public policy, whose research found that a temporary financial benefit for parents during the pandemic helped low-income families stay in their homes — and had the effect of allowing mothers to move on from unwanted partners.
The New York Times -
August 21, 2024
Because of their inverse relationship, bonds are a good way to hedge investments in stocks, but there’s a catch, says Paolo Pasquariello, professor of finance: “If you put some of the eggs in stocks and some of the eggs in bonds, when one of the baskets is breaking, the other one is not. (But) it turns out that this relationship is not stable.”
Marketplace -
August 21, 2024
“You’re approvingly describing, you’re wholeheartedly commending the blatant violation of our main federal labor statute. It would constitute interference with protected rights,” said Sanjukta Paul, professor of law, after Donald Trump and Elon discussed on social media about Musk supposedly firing striking workers.
The Associated Press -
August 14, 2024
Working conditions for nurses in Michigan improved in 2023, although high burnout rates and staffing shortages remain a concern, according to a U-M study. “The data … is still telling us that there is a high percentage of Michigan nurses that are looking to change their jobs,” said Barbara Medvec, clinical assistant professor of nursing. Christopher Friese, professor of nursing, said one key policy change was “fewer hospitals using mandatory overtime to maintain staffing levels. So that was seen as a welcome sign from many registered nurses.”
Crain's Detroit Business -
August 14, 2024
“Coming out of COVID, it was really frustrating for a while because we expected workers to come back into the labor market and the labor force participation rate really stayed low for quite a while. But now we’ve seen a big boost looking back to last year and into this year,” said Gabriel Ehrlich, director of the Research Seminar in Quantitative Economics.
Michigan Public -
August 14, 2024
“When you intentionally mispronounce someone’s name who’s less traditional in an American context, it’s almost a dog whistle towards othering that person, trying to suggest as if they’re less American — almost less worthy of you saying their name correctly in the first place,” said Myles Durkee, assistant professor of psychology, on Donald Trump’s mocking of Kamala Harris’ name.
National Public Radio -
August 14, 2024
“Stop checking (your stock portfolio) so obsessively. The stock market has risen in 12 of the past 15 decades. But it also tends to fall on about 46 percent of all trading days. If you don’t check as often, you’ll miss the short-term ups and downs. And that, in turn, will bring the longer-term gains into sharper focus,” said Justin Wolfers, professor of economics and public policy.
The New York Times -
August 14, 2024
“I think (President Gerald) Ford would look at this moment and say tumultuous times are part of the long arc of history,” said Celeste Watkins-Hayes, dean of the Gerald R. Ford School of Public Policy. Uncertain times can feel “very anxiety producing and very worrying,” but Ford would likely ask “what are the areas of common ground, what are the areas of common concern, and how do we move forward on the basis of those?”
Detroit Free Press -
August 7, 2024
“While it sounds terrible to stare at your phone for nine hours, I think if your brain is fried, it’s a mindless activity that doesn’t challenge your brain and keeps you entertained. So it’s not necessarily problematic,” said Stephanie Preston, professor of psychology.
TIME
