Northwestern University

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Groupon co-founder to head state innovation panel

Gov. Pat Quinn is expected to announce during his budget address Wednesday the creation of an innovation council to be headed by Groupon co-founder Brad Keywell.

Part of the council’s job will be to determine what kind of projects the state needs to support to be able to compete in the global market place, such as developing new technologies in agriculture, finance or in a combination of industries. Get the full story »

NU professor among economics Nobel winners

Northwestern professor Dale Mortensen, center, is welcomed to a press conference at the University of Aarhus, in Aarhus, Denmark, Monday Oct. 11, 2010. (Polfoto/Andreas Szlavik)

Northwestern University professor Dale Mortensen won the Nobel Prize for economics, Monday, for demonstrating the job market is far more complicated, and irrational, than economists had believed.

Federal Reserve board nominee Peter Diamond was also honored along with Christopher Pissarides with the 10 million Swedish kronor ($1.5 million) prize for their analysis of the obstacles that prevent buyers and sellers from efficiently pairing up in labor, housing and other markets. Get the full story »