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The Deal: "AIG Lawsuit Puts Spotlight on 2008 Financial Crisis Response"

10/01/2014

The Deal: "AIG Lawsuit Puts Spotlight on 2008 Financial Crisis Response"

. . . John James, a business professor at Pace University, suggested that the government may soon try to settle the case because otherwise it could become quite embarrassing for the Treasury Department, the Federal Reserve and individual high profile regulators. He added that Greenberg wouldn't have been able to mobilize the funds for the lawsuit unless he was able to convince other investors that he was correct or at least that it was an "incredible cause."

James argued that the trial will expose questions of governance and transparency, adding that even if AIG didn't have a choice about whether or not to accept the government's offer, that didn't mean the offer was fair and equitable. "I think it is worthy of a close examination," James said.

Read more: http://www.thestreet.com/story/12896845/1/aig-lawsuit-puts-spotlight-on-2008-financial-crisis-response.html

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Black Star News: "Pace University: Danny Glover, Actor And Human Rights Fighter Keynotes Martin Luther King Lecture"

10/01/2014

Black Star News: "Pace University: Danny Glover, Actor And Human Rights Fighter Keynotes Martin Luther King Lecture"

Actor, director, producer, and activist Danny Glover will keynote the 5th Annual Martin Luther King Jr. Lecture at Pace University’s downtown New York City campus on Wednesday, October 1, at the Michael Schimmel Center for the Arts, 3 Spruce Street, from 6:00 p.m.–9:00 p.m.

The event is organized by the Black Student Union and the Offices of Multicultural Affairs and Student Development and Campus Activities at Pace University.

Pace professor Patricia Hinds will interview Glover on the Schimmel stage about the importance of finding your purpose through social justice, civic engagement, and volunteerism. Glover was invited to speak because of his humanitarian and philanthropic efforts in the U.S. and internationally.

See more at: http://www.blackstarnews.com/education/education/pace-university-danny-glover-actor-and-human-rights-fighter-keynotes-martin#sthash.vVlOlwak.dpuf

 

Actor, director, producer, and activist Danny Glover will keynote the 5th Annual Martin Luther King Jr. Lecture at Pace University’s downtown New York City campus on Wednesday, October 1, at the Michael Schimmel Center for the Arts, 3 Spruce Street, from 6:00 p.m.–9:00 p.m.

The event is organized by the Black Student Union and the Offices of Multicultural Affairs and Student Development and Campus Activities at Pace University.

Pace professor Patricia Hinds will interview Glover on the Schimmel stage about the importance of finding your purpose through social justice, civic engagement, and volunteerism. Glover was invited to speak because of his humanitarian and philanthropic efforts in the U.S. and internationally.

- See more at: http://www.blackstarnews.com/education/education/pace-university-danny-g...

 

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Businessweek: "Only Congress Can Crack Apple's Spy-Proof IPhones"

09/30/2014

Businessweek: "Only Congress Can Crack Apple's Spy-Proof IPhones"

. . . ”I suspect that the Department of Justice will lobby Congress quite heavily to force phone makers to create a backdoor,” says Darren Hayes, the director of cybersecurity at the Seidenberg School of CSIS at Pace University and a consultant to law enforcement agencies.

Read more: http://www.businessweek.com/articles/2014-09-29/government-spies-can-blame-themselves-for-apples-spy-proof-iphone

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Law360: "$56B AIG Trial Will Shine Harsh Light On Crisis-Era Tactics"

09/30/2014

Law360: "$56B AIG Trial Will Shine Harsh Light On Crisis-Era Tactics"

. . . The testimony could also spark new congressional debate over the New York Fed and its lack of oversight, according to John James, chairman emeritus of Pace University's Center for Global Governance, Reporting and Regulation.

"The political implications are tremendous," James said. "I don't know what it would take for some of the people who have it in for the Fed to say, 'Here we go again. It shows a lack of oversight.'"

Read more: http://www.law360.com/articles/581589/-56b-aig-trial-will-shine-harsh-li...

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USA Today: "India's Prime Minister Modi thrills, angers in New York"

09/30/2014

USA Today: "India's Prime Minister Modi thrills, angers in New York"

. . . "Once a fascist always a fascist," said Satish Kolluri, a Pace University professor who helped lobby members of Congress to block Modi from getting a visa in the past.

The Hindu cultural nationalism that Modi promotes "goes against the grain of secular India," Kolluri said. "India is like America, we celebrate secularism."

Read more: http://www.usatoday.com/story/news/world/2014/09/28/india-modi-appearance-divides-new-yorkers/16385889/

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Law360: "Pimco Co-Founder's Departure Signals Rough Ride For PE"

09/30/2014

Law360: "Pimco Co-Founder's Departure Signals Rough Ride For PE"

. . . In his new post at Janus, Bill Gross will be managing a small fraction — less than 10 percent — of the assets he has managed at Pimco, according to Joseph M. Pastore, a professor at Pace University’s Lubin School of Business.

Such a move, Pastore said, is curious, although he said it’s unclear whether the SEC's investigation will spread to other firms.

“The SEC is a little stronger these days in terms of its ability to go after issues — 2008, 2009, 2010, it was very slow," he said. "Whether they’ll take a closer look [at other companies and ETFs] is hard to know.”

Read more: https://www.law360.com/articles/581548/pimco-co-founder-s-departure-signals-rough-ride-for-pe

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Washington Post Answer Sheet blog: "Why college freshmen need to take Emotions 101"

09/30/2014

Washington Post Answer Sheet blog: "Why college freshmen need to take Emotions 101"

. . . Colleges would do well to go beyond the therapeutic model and integrate positive emotional skill-building into their orientations, their freshman seminars, and their dormitory lives. Pace University and McCaulay Honors College in New York City are already experimenting with this: Pace is incorporating a short course in emotion skills into their freshman seminar, and McCaulay purchased a mobile app for all of their freshman to help them recognize their feelings, make decisions about how to regulate them, and track them over time.

Read more: http://www.washingtonpost.com/blogs/answer-sheet/wp/2014/09/28/why-college-freshmen-need-to-take-emotions-101/

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Pace University to lead consortium awarded $5M NSF Grant for "Curriculum and Community Enterprise for New York Harbor Restoration in New York City Public Schools”

09/30/2014

Pace University to lead consortium awarded $5M NSF Grant for "Curriculum and Community Enterprise for New York Harbor Restoration in New York City Public Schools”

New York, NY -- Sept 30, 2014 -- Pace University’s School of Education Assistant Clinical Professor Lauren Birney Ed. D joined with former President Bill Clinton and New York Harbor School co-founder Murray Fisher on Thursday, September 4 on Governors Island to announce that the “Billion Oyster Project” has been awarded a $5 million grant from the National Science Foundation to expand the program into as many as 60 middle schools throughout the city. Students have so far introduced 11 million oysters into New York Harbor while studying how they purify water, develop and interact with the ecosystem.

Commenting on the award, Professor Birney said, “Bringing together partners from so many disciplines in this collaborative effort is what I hope to continue to contribute at Pace and throughout the STEM community in NYC and around the world.”

According to Dr. Birney, the grant is a direct result of the successful work undertaken by the STEM Collaboratory at Pace University, which was founded and created by Dr. Birney and Pace University’s Seidenberg School of Computer Science and Information Systems Associate Dean Dr. Jonathan Hill. 

“I hope to begin collaborating with all the Pace schools to create cross-disciplinary offerings for introducing STEM concepts and competencies to non-majors, who are not likely to take traditional science and math offerings, and to expand our partnerships with K-12 schools and afterschool programs,” Dr. Birney said.

The STEM Collaboratory addresses the need for greater focus and productivity in the teaching of Science Technology, Engineering and Math through:

•           Advocacy for the resources and capitals of STEM students and teachers in inner city environments.

•           Enhancement of the STEM learning and teaching experience through the development of curriculum, professional development of teachers and administrators and the development of STEM-focused technologies including mobile apps for learning.

•           Sustaining meaningful dialogue between schools, universities and employers on the necessary skill sets for a 21st Century, STEM-educated workforce.

•           Establishing and leveraging partnerships within the STEM industry to provide internships, residencies and practicums for aspiring STEM students.

The NSF grant funding will build upon the existing Billion Oyster Project, and will be implemented by a broad partnership of institutions and community resources, including Pace University, the New York City Department of Education, the Columbia University Lamont-Doherty Earth Observatory, the New York Academy of Sciences, the New York Harbor Foundation, the New York Aquarium, and others STEM industry leaders.

The NSF advised Dr. Birney that its panel of professionals representing the scholarly communities of the marine sciences, biology, science education, cognitive psychology, and education research, found the proposal “to be compelling, innovative, and responsive to a significant need to develop models of learning ecologies that engage students in local STEM-related issues and concerns through blended models of formal and informal education.”

For more information, please visit/contact: 

Billion Oyster Project Website:            https://www.billionoysterproject.org

BOP STEM C Project Director Samuel P. Janis:  sjanis@nyharbor.org

Pace University Principal Investigator/Dr. Lauren Birney:  lbirney@pace.edu

Pace University STEM Collaboratory:  http://pacestem.org/

 

About Pace University

Since 1906, Pace has educated thinking professionals by providing high quality education for the professions on a firm base of liberal learning amid the advantages of the New York metropolitan area. A private university, Pace has campuses in New York City and Westchester County, New York, enrolling nearly 13,000 students in bachelor’s, master’s, and doctoral programs in its Lubin School of Business, Dyson College of Arts and Sciences, College of Health Professions, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems. www.pace.edu

Media contact:  Bill Caldwell, Pace, 212-346-1597, wcaldwell@pace.edu

 

This project is funded by the National Science Foundation (NSF).

 

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International Business Times: "As China Awaits The iPhone 6, Samsung Could Gain A Regional Advantage"

09/25/2014

International Business Times: "As China Awaits The iPhone 6, Samsung Could Gain A Regional Advantage"

. . . Darren Hayes, assistant professor and director of cybersecurity at Pace University, says Apple's new security features -- iMessage, Apple’s native iOS messaging system, is completely encrypted; and TouchID, a hardware-software system in the phone, grants a user access only if his or her thumbprint matches the one that it stores for comparison -- raise new concerns.

Such secure devices "might present an invitation to people to use them for nefarious purposes," Hayes said. Should law enforcement want to gain access to someone’s locked-down phone, it needs help both from Apple and a judge, but Tim Cook said last week in an interview with Charlie Rose that Apple’s security makes it impossible for the company to help law enforcement entities. The takeaway quote from Cook: “If the government laid a subpoena to get iMessages, we can’t provide it. It’s encrypted and we don’t have a key. And so […], the door is closed.”

Hayes posited that businesses such as Apple generally “would rather not spend their time and resources working on investigations, as it’s not a good business model.” If Chinese authorities are in fact delaying the iPhone 6 launch to debate the merits of such a super-secure consumer device, Apple’s security measures, which benefit both its customers and its business resources, may be the very things preventing its latest phone from launching in one of its most important countries.

Read more: http://www.ibtimes.com/china-awaits-iphone-6-samsung-could-gain-regional-advantage-1694208

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New York Times: "New Rules Make Inversions Less Lucrative, Experts Say"

09/25/2014

New York Times: "New Rules Make Inversions Less Lucrative, Experts Say"

. . . “One of the benefits of inversions is the ability to access these foreign earnings,” said Philip G. Cohen, a former general tax counsel for Unilever United States and a professor at Pace University’s Lubin School of Business. “If you thwart that, it will dissuade some companies from inverting.”

Read more: http://dealbook.nytimes.com/2014/09/23/new-rules-make-inversions-less-lucrative-experts-say/ 

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