Research & Scholarship

Research

Economic Impact

Dr. Frank Rose
Dr. Frank Rose
Economic Impact of Food Pricing Impacting Global Market
Many financial experts are predicting significant price volatility of wheat, corn, and soybeans in the coming months. That volatility will have a direct effect on food prices. Lower income people living in developing countries are particularly sensitive to changes in food prices, and the human costs can be high. When most or all of a household's disposable income goes toward food, a doubling of the price of corn or wheat can have devastating consequences. Lewis University Associate Professor of Finance in the College of Business and former new product developer at the Chicago Board of Trade, Dr. Frank Rose, was commissioned by the Food and Agriculture Organization (FAO) of the United Nations recently to conduct research regarding food prices and how they may or may not be influenced by speculators trading in the futures and options markets in the Chicago Board of Trade. [More]
Dr. George Klemic
Dr. George Klemic
How Will a Mega Dump Affect an Illinois Community?
Some in the peaceful Illinois town of Cortland were aghast when they learned their elected county officials were considering allowing a mega dump to situate there. It surely would cause a stink, they said, and pollution of the water table, in addition to an increase in traffic and a decrease in property values. Or would it? Other residents, including the majority of the DeKalb County Board, argued the dump would bring needed tax revenue and business, beneficial in the long run to the education of its students and to the overall quality of life. Lewis University Associate Professor of Business Administration, Dr. George Klemic, has begun a long-term intensive study on the situation to answer the question, "What is the real affect of the placement of a mega dump on a community?" [More]