Grim is the right word to describe the latest economic news from both the European Union and the United States. Throughout the European Union, austerity programs have failed both politically and economically. In Spain, unemployment rates have soared above 24 percent.
The central question for banking is how to implement a sustainable business model that covers both its fixed and variable costs. Banks get no fees from setting up branches or incurring background administrative costs, including the heavy costs of regulatory compliance. These expenses must be recovered from operating revenue.Banks cannot charge only for the cost of the specific service.
Not Proven: The DOJ suit Against Apple for eBook Pricing
Richard A. Epstein
April 12, 2012
With the death of Steve Jobs, Apple has lost much of its Teflon insulation from government action. Nowhere has this been more true than with today’s suit against Apple and five major publishers for price-fixing in the eBook market. Any charge of collusion always carries wit
UB Conference Honors Nobel Laureate and Former Faculty Member
University at Buffalo News Office
April 10, 2012
The University at Buffalo will honor Nobel Laureate Ronald Coase on May 12 at the Buffalo-Niagara Marriott from 9:30 a.m. to 4:30 p.m. as part of a conference that pays tribute to his innovative work, especially over the last decade.