New report details worsening racial inequality in home appraisals

In 1968, President Lyndon B. Johnson signed the Fair Housing Act, which prohibits discrimination based on race, religion, sex and nation of origin in the sale, rental or financing of housing. More than 50 years later, however, ...

Do IPO firms become myopic?

Many analysts of financial markets are concerned that financial markets provide managers with economically harmful incentives. The rationale: Public firms have dispersed ownership, which in turn, leads to short-term pressures ...

ESA plans for low-orbiting navigation satellites

Satellite navigation is headed closer to users. ESA's Navigation Directorate is planning an in-orbit demonstration with new navigation satellites that will orbit just a few hundred kilometers up in space, supplementing Europe's ...

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