WashU Experts

With Rio’s Olympic Games rapidly approaching, today the International Association of Athletics Federations upheld its ban on Russia’s track teams. Sports business expert Patrick Rishe says the move illustrates the economic effect and lasting impact of cheating in sports of all kinds.

The city of Philadelphia on June 16 passed a 1.5 cent-per-ounce tax on soda and other sugary drinks, making it the first major city in the nation to impose such a tax. The move is poised to be a watershed event in public health policy, said a health economist at Washington University in St. Louis.

On May 16, the U.S. Supreme Court sent the Zubick vs. Burwell case, a challenge to the Affordable Care Act’s contraceptive requirement for employers, back to the lower courts for further examination, leaving women employees and students at workplaces around the country in limbo, says Elizabeth Sepper, associate professor of law and expert on health law.

A recent Supreme Court case that was expected to limit privacy laws actually has the potential to expand them, according to an expert on privacy law at Washington University in St. Louis.

Today, new rules go into effect that allow anyone to invest in a startup and receive shares of that startup. Previously, the Securities and Exchange Commission required investors backing private companies to have a certain amount of net worth. A Washington University in St. Louis faculty member says the measures will expand the entrepreneurial playing field, to a point.

Google’s decision this week to ban payday loan ads should be commended, but also highlights the need that many lower-income consumers have for affordable short-term loan options, says an expert on social and economic development at Washington University in St. Louis.

The U.S. Treasury Department has issued several rules recently aimed at cracking down on tax evasion and money laundering in the wake of the “Panama Papers.” Will continuing to add new, and increasingly aggressive, rules make any lasting or concrete changes to the American tax code? Maybe, but perhaps at a cost to the tax law as a whole, says Washington University tax expert Adam Rosenzweig.

On May 6, President Barack Obama introduced executive reforms designed to eliminate loopholes that allow foreigners to conceal tax fraud and evasion in the United States. Olin Business School’s Lamar Pierce said the move is an effort to show U.S. global partners that it is ready to practice what it preaches when it comes to curbing shadowy financial transactions.

Microsoft’s challenge to the gag order provisions of the federal Stored Communications Act should be applauded by everyone who cares about civil liberties, whether in the physical or digital worlds, said Neil Richards, a privacy law expert at Washington University in St. Louis.

Thinking about blowing that tax refund on a vacation or some home improvements? You might be better off pocketing your cash and saving it, said Michal Grinstein-Weiss, associate director of the Brown School’s Center for Social Development and principal investigator of the Refund To Savings initiative.