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Pace University and the Association of International Bank Auditors announce new cycle of Certified Compliance and Regulatory Professional® program

09/14/2016

Pace University and the Association of International Bank Auditors announce new cycle of Certified Compliance and Regulatory Professional® program

Widely respected and acclaimed regulatory certification program starts September 22, available in both in-person and online modes

New York, NY – September 14, 2016 — Today’s regulatory environment is ultra-complex and rapidly evolving. The Center for Global Governance, Reporting, and Regulation at Pace University and the Association of International Bank Auditors announce a new tenth cycle of the Certified Compliance and Regulatory Professional (CCRP®) certificate program, designed to develop the critically important proficiencies essential for today’s financial services and other industry professionals.

The new cycle begins September 22, 2016 and continues to April 13, 2017. Classes will be held at Pace’s Midtown Center in the historic Fred French Building at 551 Fifth Avenue between 45th and 46th Streets, and are also available online via both a live stream transmission and a subsequent tape.

The CCRP® program encompasses 26 sessions with intense and in-depth exposure to key aspects of governance, risk management, regulatory strategy, and relevant regulations taught by industry professionals and Pace professors. The program includes coverage of regulations in key foreign countries in comparison with U.S. practices.  To date, more than 150 industry professionals have earned the CCRP® certification. These participants represent nine U.S. states as well as Canada and Europe.

“Our CCRP® Program is designed to be unique and comprehensive, with participants from the various sectors of the financial services industry; accounting, law, and consulting firms; and the regulatory community,” said Robert J. Chersi, the former CFO of Fidelity Investments who is the executive director of the Center at Pace’s Lubin School of Business. "We are especially sensitive to the busy professional schedules of our participants, and the program, via both its in-person and online participation modes, provides the flexibility they need to succeed.”

Sessions include detailed discussions of current compliance and regulatory issues, and examinations of real-life case studies. Team presentations provide experience in applying coursework to actual business problems.

The CCRP® at Pace provides growth opportunities and positions global financial services professionals as leaders in the compliance community, giving them an edge in a very competitive job market. The program has been designed with the rigorous content demanded by an academic agenda while stressing the important practical dimensions of real-world experience in the compliance field. Professors from Pace University, all with distinguished prior careers in the private sector, created the syllabus alongside veteran compliance professionals from some of the world’s leading financial institutions and their regulators.

Guest speakers drawn from the world's leading financial institutions; accounting, consulting, and law firms; and the regulatory community will complement the joint Pace-AIBA team.

The Center also has expanded its other professional development offerings, including ‘boot camps’ that can be customized to an institution’s desired location, topics, and duration.

The CCRP® at Pace has been approved for Continuing Professional Education (CPE) credit by New York State.

More information about the CCRP® program is available at www.pace.edu/ccrp, and for all of the programs by contacting the Center’s executive director Bob Chersi at rchersi@pace.edu.

About the Lubin School of Business at Pace University: Globally recognized and prestigiously accredited, the Lubin School of Business integrates New York City’s business world into the experienced-based education of its students at Pace’s suburban and downtown campuses, implemented by the region’s largest co-op program, team-based learning, and customized career guidance. Its programs are designed to launch success-oriented graduates toward upwardly mobile careers.  www.pace.edu/lubin

About the Association of International Bank Auditors: The AIBA membership consists of internal audit, compliance and internal control professionals of nearly 100 U.S. branches and agencies of foreign banks.  The mission of the AIBA is to foster the professional standing of its members by increasing their knowledge and capacities to carry out their responsibilities with respect to international banking.

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

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Fast Company: "The Decline Of Premium American Fashion Brands. What Happened, Ralph And Tommy?"

09/12/2016

Fast Company: "The Decline Of Premium American Fashion Brands. What Happened, Ralph And Tommy?"

. . . Charles Lawry, a professor at Pace University's business school who specializes in studying the luxury market, points to how high-end American brands have been creating cheaper products for decades now. "Ralph Lauren was one of the first American luxury brands to reach across many different categories, and that is really what made it successful," Lawry explains, pointing out that the company has at least 25 different lines, including the lower-end Polo and Chaps. "It is possible to purchase products from $25 to $3,000."

Read more: https://www.fastcompany.com/3062474/fashion-forward/the-decline-of-premium-american-fashion-brands-what-happened-ralph-tommy

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Pacesetters in Financial Reporting Conference, September 26

09/09/2016

Pacesetters in Financial Reporting Conference

Through panel discussions and dialogue, this half-day event will inspire innovations in financial reporting and feature a keynote address by Jeff Bornstein, CFO of GE.  

Read more: http://www.pace.edu/sites/default/files/Pacesetters.pdf

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Houston Chronicle: "Trump's Texas ground game mostly invisible"

09/07/2016

Houston Chronicle: "Trump's Texas ground game mostly invisible"

Republican presidential nominee Donald Trump waves following his speach at a campaign rally in Austin, Texas, August 23, 2016. / AFP PHOTO / SUZANNE CORDEIRO/AFP/Getty Images

. . ."Where we are at Labor Day is unprecedented," said David Caputo, a political scientist at New York's Pace University and an expert on presidential campaign organization. "The lack of a ground game at this point would have been problem in the past. But the Republican Party has to have a solid organization in the states for its other candidates, and Trump can benefit from that. That gives him the possibility to win – a difficult process, but there is potential."

Read more: http://www.houstonchronicle.com/news/politics/texas/article/Trump-s-Texas-ground-game-mostly-invisible-9208169.php

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E-Commerce Times: "That Hissing Sound Is the Last Bit of Air Leaking From Apple's Balloon"

09/07/2016

E-Commerce Times: "That Hissing Sound Is the Last Bit of Air Leaking From Apple's Balloon"

. . . It's possible, of course, that Apple has controlled its iPhone 7 leaks, while carefully protecting the information that has not been leaked to the public. That possibility seems especially likely with respect to the iPhone 7's two most controversial changes: the removal of the headphone jack, and the disappearance of the physical home button.

"The leaking you're seeing about the headphone jack and the home button is about preconditioning the marketplace to understand, accept and embrace these changes," said Larry Chiagouris, a marketing professor at Pace University.

"That way, there's not a lot of attention paid to what may be thought of by some as negative changes, and more attention to the positive things like the camera and more memory," he told the E-Commerce Times.

Read more: http://www.ecommercetimes.com/story/That-Hissing-Sound-Is-the-Last-Bit-of-Air-Leaking-From-Apples-Balloon-83871.html

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Huffington Post: "College Audition Coaching: A New Cottage Industry?"

09/06/2016

Huffington Post: "College Audition Coaching: A New Cottage Industry?"

. . . Amy Rogers is director and founder of the Pace University BFA Musical Theatre program in New York City and their theatre department has a record number of applicants in the thousands. Amy had this to say, “Roughly a third (this is a very unscientific estimate) of students we see audition use a coach or a coaching company to help them prepare for their college audition. The growing competitive nature of acceptances into BFA theater programs has helped to fuel this relatively new cottage industry of college audition coaches. Families have realized they need help navigating this often overwhelming process, which coaches tend to do very well.”

Read more: http://www.huffingtonpost.com/mary-anna-dennard/college-audition-coaching_b_11866320.html

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New York Business Journal: "How this entrepreneur took a two-wheeled problem and created a fashion business"

09/06/2016

New York Business Journal: "How this entrepreneur took a two-wheeled problem and created a fashion business"

. . . Targeting a niche audience is one way for start-ups to make a dent in the marketplace, explains Bruce Bachenheimer, the executive director of the Entrepreneurship Lab at Pace University in New York. “Understanding who your customer is, what their unmet needs are, and whether your products actually meet those needs requires a great deal of customer contact, testing and product iteration,” he says.

Read more: http://www.bizjournals.com/newyork/news/2016/09/02/how-this-entrepreneur-took-a-two-wheeled-problem.html

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Accounting Today: "AICPA Appeals Decision to Preserve IRS Program for Tax Preparers"

09/06/2016

Accounting Today: "AICPA Appeals Decision to Preserve IRS Program for Tax Preparers"

. . . Jessica A. Magaldi, assistant professor of legal studies and taxation in the Lubin School of Business at Pace University in New York, has written about the case in a recent paper and doubts the appeal will be more successful. “I can’t imagine the prospects are very good,” she told Accounting Today. “They’ve tried now three times with this first case, and then the appeal gave them a narrow window to go back on.”

She and her co-author on the paper, John Spencer Treu, an assistant professor of accounting in the College of Business and Economics at West Virginia University, believe the AICPA will have a difficult time proving injury to CPAs from the Annual Filing Season Program. “We felt like there was no real sense their members had an injury and that they had the standing to bring a suit,” she said.

The court pointed out it still has not ruled on the actual merits of the Annual Filing Season Program. However, a separate class-action lawsuit in New Mexico by a group of taxpayers claiming their returns might receive extra scrutiny from the IRS if they are filed by unenrolled preparers may provide that opportunity. “That’s going to be very interesting as well,” said Magaldi.

Read more: http://www.accountingtoday.com/news/tax-practice/aicpa-appeals-decision-to-preserve-irs-program-for-tax-preparers-79153-1.html

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The Hill's Congress Blog: "Trade-Equilibrium vs import certificates"

09/06/2016

The Hill's Congress Blog: "Trade-Equilibrium vs import certificates"

American trade deficit is responsible for losing millions of American jobs, writes Narendra C. Bhandari, Ph.D., a Professor of Management at Pace University. Many suggestions have been made for bringing it under control. These include Buffett's import certificates (ICs) model, the Simpson-Bowles' model, and my model of trade equilibrium.

It is important to evaluate the pros and cons of each approach before selecting, rejecting, or modifying it. As a starter, therefore, let me compare the relative merits of Buffett's ICs model with that of my trade-equilibrium.

In 2003, Warren Buffett proposed a noteworthy solution. He suggested that the U.S. can achieve trade balance by limiting the value of imports to the value of exports by using Import Certificates (ICs).

Writing since 2004, I define trade equilibrium (Bhandari, JIBR 2014) as a situation when trading among different countries is such that the trading partners remain generally deficit-free from one another over a cycle of every 2-3 years. This theory has two major goals: (a) to stop exporting of additional American jobs, and (b) to regain the American jobs already exported by legally requiring the dollar/trade surplus countries to eliminate their surplus over a ten year period by buying American products (goods and services).

Now, I compare the relative merits of the two models using some of their salient points.

Read more: http://thehill.com/blogs/congress-blog/economy-budget/294345-trade-equilibrium-vs-import-certificates

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Wall Street Journal: "Kayak Accident Highlights Risks Crowded Waterways Pose"

09/01/2016

Wall Street Journal: "Kayak Accident Highlights Risks Crowded Waterways Pose"

Traffic on the Hudson River on Wednesday, a day after a ferry collided with a group of kayaks. Photo: Claudio Papapietro for The Wall Street Journal

. . . “The city has moved to open up the waterfront, to make it more people friendly. When you have that mix you run the danger of collision between recreational and commercial mariners,” said Andrew Coggins, a retired U.S. Navy commander and professor at Pace University who studies the cruise industry.

The collision “clearly illustrates the dangers involved in mixing commercial and recreational shipping,” he said. “Commercial ships don’t always see recreational shipping and recreational shipping doesn’t always stand clear of commercial shipping.”

Read more: http://www.wsj.com/articles/kayak-accident-highlights-risks-crowded-waterways-pose-1472690865

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