DECEMBER NEWS ROUND-UP

Wake Forest senior and economics major Tal Feldman has been named to the 2023-24 class of Schwarzman Scholars. Scholars selected from around the world will complete a one-year, fully-funded Master’s degree program in Global Affairs at Schwarzman College on the campus of Tsinghua University in Beijing, China. The program aspires to build a global network of young leaders that are prepared to confront the pressing challenges facing the world.

Should Congress extend bonus depreciation?

By Thomas Brosy | Tax Policy Center

Proponents often argue that increased investment has positive effects on employment, especially in an economic downturn. The idea: Firms with more capital also hire more workers. A recent study by economics professor Mark Curtis and colleagues finds bonus depreciation led to higher employment but not higher wages in the early 2000s.

12/29/2022

Experts doubt size of Texas’ illegal sports betting market

The Dallas Morning News

In the push to legalize mobile sports betting in Texas, a powerful pro-gambling group says Texans spend a whopping $8.7 billion annually on illegal wagers. “By definition, if you’re studying an illegal market, it’s hard to know the market’s size,” said economics professor Koleman Strumpf, who has studied the sports betting industry.

12/27/2022