investing
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New Green Investing: Safe Harbor for Financial Services and Cannabis
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As each subsequent state legalizes marijuana for recreational and medical use, its inclusion in the already ineffective drug war becomes increasingly redundant. The American public agrees, with about 88% of respondents favoring some form of legalization, and 59% favoring access for recreational purposes. Individual states have led the way toward…
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Tech: The Goal, or Just Another Path to Growth?
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In 2012, the average resident of San Francisco supported about $76,000 in gross domestic —about $19,000 more than the average in Chicago. That gap has widened to more than $29,000 today. San Francisco’s economy is growing nearly three times faster on a per capita basis than Chicago’s. Meanwhile, San Jose…
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Testing Greenspan’s ‘Spare Tire’ Hypothesis: Benefits of Shareholder Protection Laws during Banking Crises
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Firm-level data across 36 countries suggests that shareholder protection laws do mitigate the adverse consequences of banking crises by allowing stock markets to act as an alternative source of financing.