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Pace University’s InsideTrack features Brandon Steiner on Wednesday, January 29: “How A Kid from Brooklyn Bought Yankee Stadium”

01/21/2014

Pace University’s InsideTrack features Brandon Steiner on Wednesday, January 29: “How A Kid from Brooklyn Bought Yankee Stadium”

Super Bowl Champs Ray Rice, John Riggins to join pre-event reception
 

New York, NY – January 21, 2014 – Brandon Steiner, Founder and CEO of Steiner Sports Marketing, is the latest guest in Pace University’s InsideTrack series with Pace President Stephen J. Friedman. The event will take place on Wednesday, January 29 at the Michael Schimmel Center for the Arts, One Pace Plaza, from 7 p.m. to 9 p.m. A question-and-answer session with the audience will follow the presentation.

Pace Board of Trustees Chairman Mark M. Besca ’81 will interview Steiner. Besca and Steiner will discuss the intersection of business and sports and the innovative approaches that entrepreneurs commonly employ to business and commerce. This discussion is particularly timely with the Super Bowl coming to New York on February 2.

Previous Super Bowl XLVII champion Ray Rice of the Baltimore Ravens, and Washington Redskins Super Bowl XVII hero John Riggins will be on hand during the pre-event reception.

In addition to his role as CEO, Steiner appears on ESPN NY Radio 98.7 FM and as co-host of Yankees-Steiner: Memories of the Game on the YES Network. In his recent autobiography, You Gotta Have Balls, Steiner articulates the business and life philosophies that have propelled him to the top of the sports and marketing worlds.

Besca has been a Pace Trustee since October 2001 and was named Chairman of the Pace Board in July 2013. A 1981 graduate of the Lubin School of Business, Besca is the New York City Office Managing Partner at Ernst & Young.  He is also a David Rockefeller Fellow of The New York City Partnership, and a Vice Chairman of the UJA Executive Media and Entertainment Group.

The event is open to the public and the Pace community. To register, visit www.pace.edu/insidetrack.

About Pace University: Since 1906, Pace University 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 Dyson College of Arts and Sciences, Lubin School of Business, College of Health Professions, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems. Visit www.pace.edu

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

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Inc.: "The Perils of Starting a Business On Your Own"

01/16/2014

Inc.: "The Perils of Starting a Business On Your Own"

. . . Without constant reality checks from a co-founder, it's easy to fall in love with your own plans and waste resources on bad ideas. Setting up an active advisory board of startup veterans can help you avoid that trap, says Bruce Bachenheimer, a management professor who runs the Entrepreneurship Lab at Pace University. He's talking about the kind of people who will ask in-your-face questions that you--and, later, your employees--might be afraid to pose, such as: "Why are you putting all your time into this?" "How come we're not going after a different client?" "Shouldn't we be raising our prices and investing in infrastructure?"

Read more: http://www.inc.com/magazine/201402/elaine-pofeldt/starting-a-company-wit...

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NEWS RELEASE: Pace University announces $3.1 million gift from Alfred R. Goldstein for new Lower Manhattan science labs

01/13/2014

NEWS RELEASE: Pace University announces $3.1 million gift from Alfred R. Goldstein for new Lower Manhattan science labs

New York, NY – January 13, 2014 -- Pace University announced today that trustee emeritus Alfred R. Goldstein made a $3.1 million gift for new science laboratory facilities at Pace’s Lower Manhattan campus. The new labs—which include facilities for inorganic chemistry, crime reconstruction, biology space with a centrifuge and incubator, and more—will help students hone their skills for professional success. To celebrate his historic commitment to higher education, Pace has named the newly renovated laboratory space the Alfred R. Goldstein Laboratories.

“Al Goldstein’s generous gift supports Pace’s cutting-edge science programs and our goal of combining classroom and experiential learning experiences,” said Pace President Stephen J. Friedman. “This gift is just the latest example of Mr. Goldstein’s enormous generosity, which can be felt across an array of programs and initiatives at the University.”

Pace’s undergraduate science programs are constantly evolving with the momentous shift in science research brought about by modern breakthroughs in physical science that have served to level the walls between previously isolated disciplines. The rise of new disciplines—such as genomics, bioinformatics, and systems biology—is a signal of a new age in science.

Ten new, fully equipped, cutting-edge multipurpose laboratories will enable students and faculty members to break through barriers between academic disciplines, uniting the University’s laboratory space in one core center. Construction of the first biology and chemistry labs began in the summer of 2013 and students are using the new space during the spring semester.  

The new facility will include a 765 square foot general biology lab, fully stocked with digital monitors at the laboratory tables; a 2,000 square foot research lab; and a crime reconstruction lab for students to study the fields of forensics and pathology. Additional conference rooms and common areas will allow students and faculty members to discuss results and classwork together, confer on experimental findings, and share knowledge across academic disciplines.

In the fall of 2010, Pace also completed a major renovation of its science laboratories in Dyson Hall on the Westchester Campus.

“The renovations have revolutionized our laboratory classrooms,” said Nancy Krucher, PhD, professor and associate chair of Biology and Health Sciences at Pace in Pleasantville. “All classrooms are now digital with computers, projectors, and even laboratory equipment being completely interactive.

“The implications of this change for teaching are great: professors can display the inside of a cell, microscopic bacteria, and all the other wonders of the biological world on the screen for all students to see, where they can save them as digital images to use in their own experiments. Naturally, this has facilitated wonderful collaboration between students and faculty.”

About Dyson College of Arts and Sciences: Pace University’s liberal arts college, Dyson College offers more than 50 programs, spanning the arts and humanities, natural sciences, social sciences, and pre-professional sciences (including pre-medicine and pre-law), as well as many courses that fulfill core curriculum requirements. The college offers access to numerous opportunities for internships, cooperative education and other hands-on learning experiences that complement in-class learning in preparing graduates for career and graduate/professional education choices.

About Pace University: Since 1906, Pace University 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 Dyson College of Arts and Sciences, Lubin School of Business, College of Health Professions, School of Education, School of Law, and Seidenberg School of Computer Science and Information Systems. Visit www.pace.edu

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

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E-Commerce Times: "Apple, Samsung Plan Mediation Meetup"

01/10/2014

E-Commerce Times: "Apple, Samsung Plan Mediation Meetup"

If the latest round of talks between Apple and Samsung can't solve their differences, a higher authority may be needed to sow peace between the firms, Darren Hayes, an assistant professor at Pace University's Seidenberg School of Computer Science and Information Systems, told the E-Commerce Times.

"Given the notoriety of these ugly disputes, if these negotiations fail, perhaps we might see another beer summit in the White House Rose Garden," Hayes suggested, "with the U.S. President, CEO Tim Cook and CEO Oh-Hyun Kwon trying to resolve their differences in a less formal manner."

- See more at: http://www.ecommercetimes.com/story/Apple-Samsung-Plan-Mediation-Meetup-...

. . . If the latest round of talks between Apple and Samsung can't solve their differences, a higher authority may be needed to sow peace between the firms, Darren Hayes, an assistant professor at Pace University's Seidenberg School of Computer Science and Information Systems, told the E-Commerce Times.

"Given the notoriety of these ugly disputes, if these negotiations fail, perhaps we might see another beer summit in the White House Rose Garden," Hayes suggested, "with the U.S. President, CEO Tim Cook and CEO Oh-Hyun Kwon trying to resolve their differences in a less formal manner."

- See more at: http://www.ecommercetimes.com/story/Apple-Samsung-Plan-Mediation-Meetup-...

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Newsday: "Money Fix: When not to contribute to a 401(k)"

01/09/2014

Newsday: "Money Fix: When not to contribute to a 401(k)"

. . . Consider alternatives. If your employer doesn't match contributions, and doesn't have a lot of investment choices, look at a Roth IRA or IRA. "They provide similar tax advantages and a wider range of affordable investment opportunities," says Aron Gottesman, a professor of finance at Pace University.

Read more:

http://www.newsday.com/business/money-fix-when-not-to-contribute-to-a-401-k-1.6664272

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Wall Street Journal: "Fraud Trial Is Key to Mortgage Probe"

01/09/2014

Wall Street Journal: "Fraud Trial Is Key to Mortgage Probe"

. . . The outcome of the case matters to Wall Street. The precedent set could directly affect the probe that began after Mr. Litvak's arrest last year, looking at whether traders at other banks acted similarly.

"If they find [Mr. Litvak] guilty, it's got to be easier for the investigators," said John Alan James, executive director of the Center for Global Governance, Reporting and Regulation at Pace University in New York.

Read more:

http://online.wsj.com/news/articles/SB10001424052702303848104579308543399871248

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Wall Street Journal: "Supporting Science At Pace University"

01/07/2014

The Wall Street Journal reported that Alfred R. Goldstein is donating $3.1 million to Pace.

As Pace University focuses more of its attention on the sciences, the institution will be aided by a large gift.

Alfred R. Goldstein, a former Pace board member and retired real-estate entrepreneur, is donating $3.1 million to Pace this month to help the school modernize its Lower Manhattan science labs.

Read more:

http://online.wsj.com/news/articles/SB10001424052702303370904579297000631001462

 

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Westchester County Business Journal: "The Volcker Rule: How banks may achieve compliance"

01/07/2014

Westchester County Business Journal: "The Volcker Rule: How banks may achieve compliance"

"In December the Federal Reserve and other federal bank regulators, the Securities Exchange Commission and the Commodity Futures Trading Commission adopted the Volcker Rule final regulations under the Dodd-Frank Act of 2010," writes Edwin Lewis, counsel to the executive director of the Pace University Lubin Center for Global Governance, Reporting and Regulation and member of the Lubin M.B.A. program faculty. "The Volcker Rule represents a major change from prior law on how banks may trade stocks and other speculative investments for their own account."

Read more:

http://westfaironline.com/60020/the-volcker-rule-how-banks-may-achieve-compliance/

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New York Times: "Where 600 College Students Live Above the Store"

01/06/2014

An article by C.J. Hughes appeared in the commercial real estate section of the New York Times on December 31, 2013 about Pace's new residence halls in lower Manhattan. The article quotes Pace's Chief Administrative Officer, Bill McGrath. The e story is about the increased demand for residential space for college students in New York City.

"Manhattan may be a bit large to be considered a college town. But the rapid expansion of dozens of postsecondary schools across the borough in recent years has added a hard-to-ignore collegiate flavor.

As enrollments have surged, so too have the number of dormitories, which are increasingly being built not by the universities themselves, but by third-party developers, who take on site acquisition, construction and leasing.

...A recent example is 180-182 Broadway, a 23-story dorm at John Street in the financial district that SL Green, along with Wharton Properties and the Harel Group, an Israeli insurance company, built for nearby Pace University.

About 230 rooms in the top 20 floors of the building provide housing for around 600 students and are leased to Pace for 30 years.

The developers are hanging on to a window-lined retail space at the base of the building, which faces the new Fulton Center transit hub. In 2014, two tenants, Urban Outfitters and TD Bank, will open locations in the space, which is a commercial condo, Mr. Herschenfeld said. The commercial condo arrangement is a way for a nonprofit organization like Pace to separate retail development from more traditional uses of its property.

For decades, Pace was primarily a commuter school and made do with dorms at One Pace Plaza, a 1969 building across from City Hall that has 500 beds, as well as classrooms and a library.

But today, Pace enrolls 5,500 undergraduates in Manhattan, up from 4,700 in 2008, officials say (the university also has a campus in suburban Pleasantville, N.Y.). And many come from out of state, with 72 percent of this year’s first-year students living in dorms, said William McGrath, Pace’s chief administrative officer.

Around the corner, SL Green, in a partnership with the Naftali Group and Harel, is also at work on 33 Beekman Street, a new 34-story, 384-room dorm for 770 students that will have a small bookstore at street level and a fitness center upstairs. The high-rise, which Pace will also lease for 30 years, is to open in 2015.

Record-high land costs, coupled with a desire not to mire balance sheets in debt because of expensive construction projects, has made leasing attractive to many schools.

“It wasn’t feasible to build new dorms ourselves,” said Mr. McGrath, who initially talked with landlords about converting empty offices to dorms. Ultimately, though, he decided it was easier to create small, shareable rooms in a custom-built facility.

For dorm life, Pace students pay $15,800 for the nine-month academic year, or about $1,760 a month, which includes furniture and utilities. In contrast, a typical downtown studio, which does not come with beds or electricity, is about $2,700 a month, according to a Douglas Elliman rental report from November."

Read the full article on the New York Times web site: http://www.nytimes.com/2014/01/01/realestate/commercial/600-college-stud...

 

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E-Commerce Times: "Is Bitcoin Bubbling Over?"

12/16/2013

E-Commerce Times: "Is Bitcoin Bubbling Over?"

. . . "Bitcoin will probably remain a successful currency for the foreseeable future, particularly because of the anonymity that it offers," said Darren Hayes, an assistant professor at Pace University. "In many ways, Bitcoin is being viewed as a safe investment like gold." -

See more at: http://www.ecommercetimes.com/story/Is-Bitcoin-Bubbling-Over-79620.html#...

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