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Thomas More Smith

I am an economist and finance professor at the Goizueta Business School at Emory University. I specialize in the economics and finance of sports, entertainment, education, franchise businesses, wages and productivity, labor and macroeconomic trends. I teach across all programs at Goizueta -- BBA, MBA, EvMBA, Executive MBA, Executive Education and even offer a finance course for non-business students.

What the new overtime rules mean for you and your boss

Jun 01, 2016 02:36 am UTC| Insights & Views Law Business

Earlier this month, the Department of Labor outlined changes to the existing overtime exemptions. As you are probably aware, some employees are exempt from being paid overtime, meaning their employers dont have to pay...

How white are the Oscars and does it matter?

Jan 22, 2016 01:54 am UTC| Insights & Views Entertainment

In 1964, Sidney Poitier became the first African American to win an Academy award for best actor in a leading role for Lilies of the Field. It took another 38 years for another African American, Denzel Washington, to...

Economy

NZ Q1 CPI rises 0.1 pct q/q, below 0.2 pct q/q rise incorporated in the RBNZ’s February MPS

New Zealands CPI increased 0.1 percent q/q in Q1 2019, below the 0.2 percent q/q rise incorporated in the RBNZs February MPS, and below ANZ and market expectations. Annual inflation dipped to 1.5 percent y/y, from 1.9...

USD/KRW likely to stay firm amid continued dividend payout BoK’s potential dovish stance, says Scotiabank

The USD/KRW currency pair is expected to stay firm and rally through 1,140 the rest of this week amid continued dividend payout and a potential dovish stance of the Bank of Korea (BoK), according to the latest research...

Australian bonds plunge tracking U.S. Treasuries on rise in risk appetite ahead of March employment report

Australian government bonds plunged during Asian session Wednesday tracking a similar movement in the United States Treasuries as investors risk appetite improved following solid earnings report in the U.S. Investors...

U.S. Treasuries remain nearly flat ahead of March industrial production data, FOMC member Kaplan’s speech

The U.S. Treasuries remained nearly flat on the second trading day of the week Tuesday ahead of todays industrial production data for the month of March, due for release at 13:15GMT and FOMC member Kaplans speech, also due...

Chinese economy likely to advance 6.3 pct in Q1 2019, down from 6.4 pct in Q4 2018: DBS Group Research

The Chinese economy is expected to advance 6.3 percent during the first quarter of this year, down from 6.4 percent in the last quarter of 2018, with some early signs of a stabilization, according to the latest report from...

Politics

Vladimir Putin Salary: Over 50 Percent Decline Seen in Russian President’s Pay From 2017 to 2018

Vladimir Putin, as the president of Russia, is regarded as one of the most influential leaders of the world. With that comes the scrutinizing of eyes of critics and his citizens on whatever money he has on the bank. And...

Melania Trump’s Spokeswoman Calls Vogue’s Editor-In-Chief Anna Wintour ‘Small-Minded’ After Stating FLOTUS Will Never Be on Mag’s Cover

Melania Trump was snubbed and rejected by Vogues editor-in-chief Anna Wintour when the latter vowed that the FLOTUS will never find herself on the cover of their famed magazine again. The First Lady responded to such...

Donald Trump Reveals He Spoke With Pope Francis, Emmanuel Macron to Offer Sympathy and Help on Notre Dame Cathedral’s Restoration

Donald Trump revealed on Wednesday that he was able to speak to Pope Francis and French President Emmanuel Macron and expressed his condolences for the Notre Dame Cathedral fire. The President of the United States said...

Vladimir Putin to Meet North Korea’s Leader Kim Jong Un for Their First Summit in Russia; Nuclear Talks Expected

Vladimir Putin, Russias president, is preparing to welcome North Koreas leader Kim Jong Un for their first summit that will be held in Moscow. The meeting comes after the latters failed nuclear talks with Donald Trump...

Melania Trump Not Interested in ‘Superficial’ Vogue Cover

United States First Lady Melania Trump has responded to the alleged non-invite from Vogue editor-in-chief Anna Wintour. FLOTUS claimed she has better things to do than be in a superficial magazine cover. Mrs. Trumps...

Science

Cancer Cure: Latest Development in Improving Treatment for Pancreatic Cancer Reported

The World Health Organization lists cancer as the second most deadly diseases worldwide. In 2018 alone, around 9.6 million people reportedly passed away due to cancer-related causes. One of the possible reasons why the...

HIV/AIDS Cure 2019: Researchers Eye Clinical Trials for ‘All-in-One’ Treatment That Can 'Kick and Kill' Virus

There is still a very long way to go before the world actually sees an ultimate cure for HIV. But significant developments are being reported almost every day. One of the most recent good news came from the researchers of...

Can bacteria help us prevent salt damage to concrete roads and bridges?

Bacteria, which have been working for millennia as natures stonemasons, could soon be enlisted to help neutralize the destructive effects of road salt. According to the Transportation Research Board, it takes about 10...

Cancer Cure 2019: Less Popular Treatment - Thermal Ablation - to be Improved by Israeli Company for Precise 'Burning' of Tumors

A biotech company from Israel is currently working on improving a lesser popular cancer treatment while many other scientists and researchers work on a potential cure for the disease. People might now have heard much about...

HIV/AIDS Cure: End to the Epidemic Imminent as Three Patients Become HIV-Free?

The past month has been a groundbreaking period in the hopes of ending the worldwide epidemic of human immunodeficiency virus (HIV) infection that later develops to acquired immunodeficiency syndrome (AIDS). Scientists...

Technology

'The Last of Us Part II' Latest News, Update: How Mo-Cap Wrap-Up Hints at 2020 Release

It would seem that the motion capture for The Last of Us Part II has finally finished and this has brought the crew to tears. As to why the waterworks happened, this has not been made clear. However, this development does...

'GTA 6' Latest News, Update: How Former Rockstar Employee Resume Confirms Game’s Development

There has been an interesting development with regards to the development of GTA 6 that involves the resume of a former employee of Rockstar Games. It may have potentially provided details with regards to how far along the...

‘NBA 2K20’ Release Date, Gameplay, Features: Offline ‘My Career’ Option Still on Top of Fans Wishlist

Gaming and basketball fans are still months away from getting their hands on the NBA 2K20. But despite the lack of official updates and teasers at this point, most fans already know what they want on the upcoming title ...

iPhone X Mini 2019: Why Apple Axed the Smartphone’s Development

It has been over a year since rumors broke out that Apple is planning on creating the iPhone X Mini, a smartphone touted to herald the companys plan to enter the midrange market. The whispers began when reputable leaker...

MacBook Pro 2019 Release Date, Latest News, Update: What the Rumors are Saying About the Upcoming Device

The current MacBook Pro is barely three years old but it seems its successor is already going to come out this year. Theres not much information about the upcoming MacBook Pro 2019 aside from its display size, which is...

Digital Currency

Crypto Technicals: ETH/USD edges higher from session lows at 170.01, holds above 5-DMA

Crypto Technicals: BTG/USD edges lower from weekly highs at 18.88, bias higher

Crypto Technicals: ETH/EUR bounces off 21-EMA support, scope for further upside

Law

Forensic science is in crisis – and this could have critical effects on UK legal system

Why agricultural groups fiercely oppose the carbon tax

New livestreaming legislation fails to take into account how the internet actually works

Life

Pet owners want to be masters, not servants – which is why we value dogs more than cats

What gangs tell us about the world we live in

Is bottom-pinching still 'indecent' by today's community standards?

Nature

Wastewater is an asset – it contains nutrients, energy and precious metals, and scientists are learning how to recover them

Tick, tock: The countdown to peak tick season is here

Droughts, extreme weather and empowered consumers mean tough choices for farmers

Sports

Kevin Durant Trade 2019: Warriors Star Touted to Leave the Team Due to His Body Language During Recent Interview

Anthony Davis Trade 2019: Can David Griffin Convince Pelicans Star to Stay with the Team?

Manny Pacquiao, Errol Spence Jr 2019: Both Boxers Unlikely to Fight as Other Names Steps into the Spotlight

Technical Analysis

USDCHF trades well above 1.01250, jump till 1.0250 likely

FxWirePro: USD/TWD stabilizes above 30.80 mark, Taiwan’s export orders data in focus

FxWirePro: US Dollar Index Short term-outlook

ET PRO
Market Data

Market-moving news and views, 24 hours a day >

S.KOREA SELLS 0.499 TRLN WON OF 20-YEAR TREASURY BONDS VS 0.5 TRLN WON PLANNED -FINANCE MINISTRY

S.KOREA 20-YEAR TREASURY BOND AUCTION BID-TO-COVER RATIO 316.4 PCT -FINANCE MINISTRY

S.KOREA SELLS 20-YEAR TREASURY BONDS AT AVG YIELD OF 1.940 PCT -FINANCE MINISTRY

BRENT CRUDE OIL FUTURES RISE BY MORE THAN 2 PCT AS U.S. PREPARES TO END ALL IRAN SANCTION WAIVERS

U.S. CRUDE OIL FUTURES RISE BY MORE THAN $1 PER BARREL ON REPORT THAT U.S. WILL END ALL IRAN SANCTION WAIVERS

BRENT CRUDE OIL FUTURES RISE BY MORE THAN $1 PER BARREL ON REPORT THAT U.S. WILL END ALL IRAN SANCTION WAIVERS

S.KOREA C.BANK SAYS SELLS 1-YEAR MONETARY STABILISATION BONDS AT YIELD OF 1.800 PCT

CHINA'S YUAN OPENS TRADE AT 6.7060 PER DOLLAR VS LAST CLOSE AT 6.7049

CHINA CSI300 STOCK INDEX FUTURES OPENS + 0.46 PERCENT, TO 4,130.0 POINTS, + 9.6 POINTS FROM THE CURRENT VALUE OF THE UNDERLYING INDEX

CHINA'S CSI300 INDEX TO OPEN UP 0.1 PCT AT 4,125.97 POINTS

SHANGHAI COMPOSITE INDEX TO OPEN UP 0.2 PCT AT 3,278.49 POINTS

U.S. CRUDE OIL FUTURES RISE TO NOV 2018 HIGHS ON REPORT THAT WASHINGTON WILL END ALL IRAN SANCTION WAIVERS

CHINA 7-DAY REPO OPENS AT 2.6500 PCT VERSUS 2.6859 PCT WEIGHTED AVERAGE PREVIOUS CLOSE

TAIWAN STOCKS OPEN UP 0.2 PCT AT 10,994.52 POINTS

BRENT CRUDE OIL FUTURES RISE TO NOV 2018 HIGH OF $72.49/B ON DECLINE IN U.S. DRILLING ACTIVITY, OPEC-LED SUPPLY CUTS

BENCHMARK 10-YEAR JGB FUTURES OPEN UP 0.08 POINT

S.KOREA APRIL 1-20 IMPORTS -1.2 PCT Y/Y - CUSTOMS AGENCY

S.KOREA APRIL 1-20 EXPORTS -8.7 PCT Y/Y - CUSTOMS AGENCY

PHILIPPINES POSTS 58.41 BLN PESOS BUDGET DEFICIT IN MARCH, DOWN 47 PCT Y/Y - NATIONAL TREASURER

SEOUL SHARES OPEN UP 0.11 PCT

Bolsonaro's approval rating is worse than any past Brazilian president at the 100-day mark

Notre Dame: the public and private lives of France's spiritual home

How science fiction and fantasy can help us make sense of the world

Trump declares economic war on Cuba

Explainer: what is quantum machine learning and how can it help us?

Cities and countries aim to slash plastic waste within a decade

Employers wary of hiring refugees and migrants to help fill shortages need help understanding the law

Earth Day: Colonialism's role in the overexploitation of natural resources

A comedian who played a president on TV might actually become Ukraine's president

Economics Monitor

April 19 12:30 UTC Released

USHouse Starts MM: Change

Actual

-0.3 %

Forecast

-8.7 %

April 19 12:30 UTC Released

USHousing Starts Number MM

Actual

1.139 Mln

Forecast

1.23 Mln

1.162 Mln

January 31 00:00 UTC 642410642410m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 31 00:00 UTC 642410642410m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 22 19:00 UTC 654230654230m

ARTrade Balance

Actual

Forecast

-1541 %

January 31 00:00 UTC 642410642410m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 22 19:00 UTC 654230654230m

ARTrade Balance

Actual

Forecast

-1541 %

January 31 00:00 UTC 642410642410m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 31 00:00 UTC 642410642410m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

January 31 00:00 UTC 642410642410m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Bln AR bln ARS

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Thomas More Smith

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