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Law360: "Lawsky Bares Teeth With Latest Standard Chartered Penalty"

08/20/2014

Law360: "Lawsky Bares Teeth With Latest Standard Chartered Penalty"

. . . Lawsky showed he was willing to take a tough line against Standard Chartered, but he could have lashed out with an even harsher penalty, said John Alan James, a professor at Pace University’s Lubin School of Business.

Standard Chartered is among the largest handlers of dollar-clearing transactions in New York, and Lawsky could have rescinded the bank’s license to conduct business in the state if the violations of the original settlement proved sufficiently severe, he said.

But the seriousness of that move may have caused Lawsky to hold at least some of his powder, James said.

“[New York State] will be reluctant to go to this extreme because of the keystone role [Standard Chartered] plays in the [foreign exchange] markets,” he said. “No one in the financial regulatory oversight community would want to deal with the huge mess that a [Standard Chartered] demise would incur.”

Read more: http://www.law360.com/articles/568868

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E-Commerce Times: "Twitter Experiment Elicits Howls of Disapproval"

08/19/2014

E-Commerce Times: "Twitter Experiment Elicits Howls of Disapproval"

. . . For many users, the existing policy already creates a fire hose of information on their Timelines. Now Twitter is proposing to turn that fire hose into a water cannon -- a change those members find very vexing.

"Why do they find this process annoying?" asked Larry Chiagouris, a marketing professor at Pace University. "Because they view their Timeline as almost sacred."

"The Timeline is the way they keep up with people they wish to follow, and they do not want redundant or irrelevant material appearing in their Timeline," he told the E-Commerce Times. "Such material can be distracting and viewed as a waste of time by some of the people on Twitter."

- See more at: http://www.ecommercetimes.com/story/Twitter-Experiment-Elicits-Howls-of-Disapproval-80911.html#sthash.pcFnfHdu.dpuf

 

For many users, the existing policy already creates a fire hose of information on their Timelines. Now Twitter is proposing to turn that fire hose into a water cannon -- a change those members find very vexing.

"Why do they find this process annoying?" asked Larry Chiagouris, a marketing professor at Pace University. "Because they view their Timeline as almost sacred."

"The Timeline is the way they keep up with people they wish to follow, and they do not want redundant or irrelevant material appearing in their Timeline," he told the E-Commerce Times. "Such material can be distracting and viewed as a waste of time by some of the people on Twitter."

- See more at: http://www.ecommercetimes.com/story/Twitter-Experiment-Elicits-Howls-of-...

For many users, the existing policy already creates a fire hose of information on their Timelines. Now Twitter is proposing to turn that fire hose into a water cannon -- a change those members find very vexing.

"Why do they find this process annoying?" asked Larry Chiagouris, a marketing professor at Pace University. "Because they view their Timeline as almost sacred."

"The Timeline is the way they keep up with people they wish to follow, and they do not want redundant or irrelevant material appearing in their Timeline," he told the E-Commerce Times. "Such material can be distracting and viewed as a waste of time by some of the people on Twitter."

- See more at: http://www.ecommercetimes.com/story/Twitter-Experiment-Elicits-Howls-of-...

 

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New Yorker: "What Makes a Family of Artists"

08/18/2014

New Yorker: "What Makes a Family of Artists"

. . . As Baptiste Barbot, the director of the Individual Differences in Development Lab at Pace University and a researcher at Yale’s Child Study Center, points out, Francis Galton’s view held sway well into the twentieth century. “For a very long time, creativity was perceived as genius,” Barbot said. “It was a view that some people are creative, and some aren’t. It’s a gift.”

As the science has evolved, however, it’s become clear that that view is far too simplistic, not only because most nature-nurture debates are now seen as moot (the conclusion, nearly always, is that both play a role) but because we no longer perceive creative ability as some monolithic entity. “We now consider creativity as a general ability,” Barbot said. “Everyone is creative. We’re just creative to a different degree.” After a decade of research, Barbot has discovered that, if we are to understand the hereditary and environmental nature of creativity, we need to think of creativity as a constellation of factors that come together in the right way, at the right moment—“maybe a bit of intelligence, some associative thinking, some divergent thinking, and then some personality traits, like the tendency to take risks, your motivation, and your specific interests.” he said. “These factors are partly genetically based, and, of course, partly environmental.”

How, then, do you even begin to study the links? Last year, he attempted to answer that question by reviewing the literature on genetics and creativity. When he examined all the studies that had looked at the hereditary nature of creative thought, he found that the most successful work—the work that had been replicated over time—didn’t set out to study creative ability as such. Instead, confirming Barbot’s thinking, it looked at skills that we know to be associated with creativity, breaking the process down into its component parts. Rather than a trait, Barbot concluded, creativity was a “synergistic interaction among a cluster of more fundamental characteristics.”

Read more: http://www.newyorker.com/science/maria-konnikova/makes-family-artists

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Milwaukee Journal Sentinel: "With 'subscription box' retailers, Christmas now comes once a month"

08/18/2014

Milwaukee Journal Sentinel: "With 'subscription box' retailers, Christmas now comes once a month"

. . .  For retailers, meanwhile, the business model offers the tantalizing lure of a steady revenue stream. To cancel, customers must take action, and many put that off.

"Once you've signed up, if the price points are kept relatively modest and low, inertia is such that there are people who will take months before they finally get around to canceling," said Larry Chiagouris, a marketing professor at Pace University in New York City.

Read more: http://www.jsonline.com/business/with-subscription-box-retailers-christmas-now-comes-once-a-month-b99329702z1-271545871.html

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Westchester County Business Journal: "CPA group counters Obama on corporate inversions"

08/15/2014

Westchester County Business Journal: "CPA group counters Obama on corporate inversions"

. . . “Foreign corporations are still subject to taxes on earnings derived from U.S. sources,” explained Philip G. Cohen, a professor of legal studies and taxation at Pace University’s Lubin School of Business and a retired vice president of tax and general tax counsel for Unilever United States Inc. Those same corporations, however, cannot be taxed on foreign earnings, and therein lies the benefit in an inversion transaction — corporations that do a large portion of business overseas reduce their tax bills by making sizable portions of their income untouchable by the Internal Revenue Service.

Read more: http://westfaironline.com/64906/cpa-group-counters-obama-on-corporate-inversions/

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CPA Journal: "The Future of the Accounting Profession"

08/15/2014

CPA Journal: "The Future of the Accounting Profession"

Leslie Seidman and Joseph DiBenedetto of Pace University’s Lubin School of Business comment on the future of the accounting profession in the August issue of the CPA Journal.

See: http://viewer.zmags.com/publication/7f8e916c#/7f8e916c/1

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Law360: "Politically Connected Cos. Face Lower SEC Threat, Study Says"

08/15/2014

Law360: "Politically Connected Cos. Face Lower SEC Threat, Study Says"

. . . John Alan James, a professor at Pace University’s Lubin School of Business and chairman emeritus of its Center for Global Governance, Reporting and Regulation, says that political contributions play a much larger role in the drafting of legislation than they do in enforcement actions.

James pointed to the development of regulations as mandated by the Dodd-Frank Act, which he said have been carried out by the staffs of the congressional committees and the individual members of the Financial Services Committee and subcommittees.

“The various financial institutions spent hundreds of millions of dollars in lobbying those regulation design teams to obtain concessions, delete unwanted aspects and frame the regulatory examinations that would measure the effectiveness of individual firms impacted by the regulations,” he said.

Read more: http://www.law360.com/articles/566913/politically-connected-cos-face-low...

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TechNewsWorld: "Snowden Blows NSA's MonsterMind"

08/15/2014

TechNewsWorld: "Snowden Blows NSA's MonsterMind"

. . . "Cyberwarfare is a genuine threat to the stability of the U.S., and it's understandable that the NSA and other agencies are working tirelessly to identify the sources of threats, methods of defense, and ways to fight back," said Darren Hayes, assistant professor and director of cybersecurity at Pace University's Seidenberg School of CSIS.

"If the U.S. government was not working on a cyberwar defense program, we should be concerned," Hayes told TechNewsWorld. "An attack on our financial system or utilities by a foreign government would lead to a loss of confidence and perhaps result in a loss of lives."

The high speed at which cyberattacks occur requires the development of automated defenses, Hayes argued.

Read more: http://www.technewsworld.com/story/80887.html

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WABC: "Marvel Universe" live show opens its run at Brooklyn's Barclays Center

08/13/2014

WABC: "Marvel Universe" live show opens its run at Brooklyn's Barclays Center

. . . "I had the pleasure of seeing it being built over the last four years," said performer Madison Embrey, who just graduated from Manhattan's Pace University.

"To know that I'm going to be in the arena performing for audiences, it's indescribable how that feels," said Embrey.

Read more: http://7online.com/entertainment/marvel-universe-live-show-opens-run-at-brooklyns-barclays-center/256451/

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E-Commerce Times: "Yahoo, Google Team Up to Fight Email Snoops"

08/13/2014

E-Commerce Times: "Yahoo, Google Team Up to Fight Email Snoops"

. . . Another potential obstacle to broad use of the new encryption features when they're rolled out is that they won't be turned on by default.

"When something is not on by default, people are much slower to adopt it," Darren Hayes, a computer science professor at Pace University, told the E-Commerce Times.

- See more at: http://www.ecommercetimes.com/story/Yahoo-Google-Team-Up-to-Fight-Email-Snoops-80882.html#sthash.kSON6Tqd.dpuf

 

nother potential obstacle to broad use of the new encryption features when they're rolled out is that they won't be turned on by default.

"When something is not on by default, people are much slower to adopt it," Darren Hayes, a computer science professor at Pace University, told the E-Commerce Times.

- See more at: http://www.ecommercetimes.com/story/Yahoo-Google-Team-Up-to-Fight-Email-...

 

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