Wildfires continue to rage for a third week in and around the city of Fort McMurray in Canada’s Alberta province, the country’s oil-sands capital. Some 96,000 people have been evacuated from the area and 2,400 buildings have been destroyed. We spoke with three Northeastern experts who share insight into how the catastrophe will affect climate change, the likely impact on U.S. consumers, and how the Fort McMurray community can recover.
The average price for a gallon of gas in the U.S. reached a seven-year low on Monday, according to AAA, dipping to $1.83. Here, oil and gas expert Jeffrey Born, professor of finance in the D’Amore-McKim School of Business, explains why falling gas prices might be good for your wallet but bad for the economy.
The stock market index plummeted more than 1,000 points moments after trading opened on Monday, and then drastically fluctuated throughout the day. Financial expert Jeffery Born explains the catalyst for “Black Monday” and what it means for you.
Protesters may not have changed the financial sector, but they have influenced the political discourse, according to finance professor Jeffrey Born.
Last week, President Obama announced a series of regulatory changes aimed at easing the burden of student loans for recent college graduates who may not be making enough money to repay their debts. Professor Jeffrey Born, a finance expert in the College of Business Administration, says while the changes may not help many recent graduates, they could help students who are preparing to graduate — especially those with degrees that may not net them high-paying jobs.
Last week, the stock market suffered its worst stretch since 2008, while Standard & Poor’s downgraded the government’s credit rating for the first time in history. We asked finance expert Jeffrey Born, a professor in the College of Business Administration, to weigh in on the S&P downgrade, the impact of fiscal turmoil in Europe on the American economy and the risk of a double-dip recession — all factors weighing down investor sentiment when it comes to the world’s major economies.
A bailout by neighboring emirate Abu Dhabi has apparently stabilized Dubai’s financial crisis. But the longer-term economic impact—on Dubai and other nations—could grow more serious. Professor of Finance and Insurance […]
Oil & Gas Monitor (October 30 2011).
International Research Journal of Applied Finance, II(9), 992-1013.
Oil & Gas Monitor (August 17, 2011), 1.