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Thomas More Smith

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...

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Economy

U.S. and El Salvador Sign Landmark Critical Minerals Agreement to Boost Investment and Trade

The United States and El Salvador have signed a new bilateral agreement aimed at encouraging investment in the exploration, development, and export of critical minerals, a sector U.S. President Donald Trump has repeatedly...

Trump to Announce New Federal Reserve Chair Pick as Powell Replacement Looms

U.S. President Donald Trump said he will reveal his choice to replace Federal Reserve Chair Jerome Powell on Friday morning, a move that is expected to draw significant attention from financial markets, economists, and...

Copper Prices Hit Record Highs as Metals Rally Gains Momentum on Geopolitical Tensions

Copper prices surged to record levels on Thursday, extending a powerful rally across global metals markets as investors increased exposure to physical assets amid escalating geopolitical risks and ongoing supply concerns....

Indonesian Stocks Plunge as MSCI Downgrade Risk Sparks Investor Exodus

Indonesian stocks suffered a dramatic selloff on Thursday, putting the market on course for its largest two-day decline on record as fears of a potential downgrade to frontier market status rattled investors. The benchmark...

Asian Currencies Trade Flat as Dollar Retreats After Fed Decision

Asian currencies traded in a mostly flat-to-lower range on Thursday, while the U.S. dollar weakened after the Federal Reserve left interest rates unchanged and struck an optimistic tone on the U.S. economy. Currency...

Politics

Trump Administration Expands Global Gag Rule, Restricting U.S. Foreign Aid to Diversity and Gender Programs

The U.S. State Department has ordered American missions worldwide to review all foreign aid programs to ensure compliance with newly expanded rules under the Trump administration that restrict funding related to family...

China Reconsiders Pressure on Japan as Prime Minister Takaichi Seeks Strong Election Mandate

China may reassess its escalating pressure campaign on Japanese Prime Minister Sanae Takaichi if she secures a decisive victory in Japans February 8 snap election, according to current and former Japanese officials and...

New Zealand Declines Trump’s Board of Peace Invitation, Citing UN Alignment Concerns

New Zealand has decided not to accept an invitation from U.S. President Donald Trump to join his newly launched Board of Peace, Prime Minister Christopher Luxon confirmed in a statement issued on Friday. The decision...

UN Chief Warns Against U.S.-China Power Rivalry, Calls for Multipolar World Order

United Nations Secretary-General Antonio Guterres warned that global challenges cannot be solved by a single dominant power or by dividing the world into rival spheres of influence, comments widely seen as directed at the...

U.S. Military Signals Readiness as Trump Weighs Options on Iran’s Nuclear Program

U.S. Defense Secretary Pete Hegseth said on Thursday that the United States military stands fully prepared to carry out any decision President Donald Trump makes regarding Iran, underscoring Washingtons determination to...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Apple Forecasts Strong Revenue Growth as iPhone Demand Surges in China and India

Apple has delivered another upbeat outlook, forecasting revenue growth of 13% to 16% for its fiscal second quarter, well above Wall Street expectations of around 10%. The positive guidance follows a strong holiday quarter...

Pentagon and Anthropic Clash Over AI Safeguards in National Security Use

Tensions are rising between the U.S. Department of Defense and artificial intelligence developer Anthropic over the future use of advanced AI technologies in military and intelligence operations, according to sources cited...

NVIDIA, Microsoft, and Amazon Eye Massive OpenAI Investment Amid $100B Funding Push

NVIDIA (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT), and Amazon.com (NASDAQ: AMZN) are reportedly in discussions to invest as much as $60 billion combined into artificial intelligence powerhouse OpenAI, signaling a major...

Meta Stock Surges After Q4 2025 Earnings Beat and Strong Q1 2026 Revenue Outlook Despite Higher Capex

Meta Platforms Inc (NASDAQ: META) shares jumped sharply in after-hours trading after the company delivered better-than-expected Q4 2025 earnings and issued a strong revenue forecast for the first quarter of 2026, easing...

Samsung Electronics Posts Record Q4 2025 Profit as AI Chip Demand Soars

Samsung Electronics Co Ltd (KS:005930) delivered record-breaking revenue and profit in the fourth quarter of 2025, driven largely by booming demand from the artificial intelligence industry for advanced memory chips. The...
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