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The Hill's Congress Blog: "Dodd-Frank legislation has expanded federal control of banks"

07/14/2015

The Hill's Congress Blog: "Dodd-Frank legislation has expanded federal control of banks"

The Federal Reserve ordering Banco Santander SA to change the way the board of directors oversees the management and operation of its U.S. subsidiaries is one of the first and most meaningful examples of the expansion and extension of the Dodd-Frank legislation beyond external compliance policies, procedures and implementation by regulators, writes 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.

Dodd-Frank legislators established a new meaning to U.S. administrative law procedures. Passed in a fury of debate, the huge 2,000 page legislative document was left to the regulators to interpret and administer. To date, slightly more than half of the mandates defined in the law have resulted in specific regulatory positions such as the Volcker rule and the ‘living will’. However, in the development process since 2010, the regulative bodies including the Federal Reserve Board, the Office of the Comptroller of the Currency, and the Securities and Exchange Commission have broadened the intent of the basic law to allow examination and criticism and penalizing of specific units within a business, and more recently specific managerial and executive positions.

Read more: http://thehill.com/blogs/congress-blog/247582-dodd-frank-legislation-has-expanded-federal-control-of-banks

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San Francisco Chronicle: "How ‘Amazon factor’ killed retailers like Borders, Circuit City"

07/14/2015

San Francisco Chronicle: "How ‘Amazon factor’ killed retailers like Borders, Circuit City"

When Amazon.com sold its first book 20 years ago this week, Borders Books & Music had a thriving retail empire generating about $1.6 billion a year in sales.

Today, Borders is nothing but a memory, ushered to the grave by an e-commerce revolution led by Amazon. And Borders is not alone — in the same figurative corporate graveyard are tombstones for the likes of Tower Records, Good Guys and Circuit City.

It’s not that Amazon became a one-company juggernaut that laid waste to the world’s retail landscape. Over the years, the Seattle company has struggled to generate profit. But Amazon changed the way that people shop. Now, instead of just considering in-store sales or discount coupons, shoppers routinely ask themselves, “I wonder if I can get this cheaper online?”

That’s the “Amazon factor,” said Larry Chiagouris, professor of marketing at Pace University’s Lubin School of Business in New York.

“No business goes out of business due to one competitor. It’s usually due to a combination of factors,” Chiagouris said. “But the Amazon factor became a major factor in those businesses gradually going out of business, from bookstores to record stores to electronics stores. They are a category killer.”

Read more: http://www.sfchronicle.com/business/article/How-Amazon-factor-killed-retailers-like-6378619.php?t=01eb5845ed

 

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E-Commerce Times: "Microsoft's New Groove"

07/13/2015

E-Commerce Times: "Microsoft's New Groove"

. . . At the very least, Windows 10's suite of entertainment apps appear to be a step in the right direction, remarked Darren R. Hayes, assistant professor and director of cybersecurity at Pace University's Seidenberg School of CSIS.

"If its Groove music, video and TV services, and Xbox can gather some momentum, then they might actually give Apple and Google a run for their money," he told the E-Commerce Times.

Still, the market for streaming services is so heavily saturated with free offerings that Groove and Apple Music may be hard sells for Microsoft and Apple, Hayes pointed out.

Read more: http://www.ecommercetimes.com/story/82249.html

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Miami Herald: "Behemoths at sea: Cruise ships getting bigger, packing more passengers"

07/13/2015

Miami Herald: "Behemoths at sea: Cruise ships getting bigger, packing more passengers"

. . . Andrew Coggins, a clinical professor of management at Pace University’s Lubin School of Business, said cruise companies save on the most highly paid shipboard personnel such as captain, hotel manager and chief engineer with large ships.

“If you have, say, three 2,000-passenger ships, you have to have three of each of them,” he said. “And if you have one 6,000-passenger ship, you only have to have one of each.”

Read more: http://www.miamiherald.com/news/business/biz-monday/article27098413.html

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New York Business Journal: "Pommes Frittes tries to rebuild with a little help from Uber-competitor Gett"

07/10/2015

New York Business Journal: "Pommes Frittes tries to rebuild with a little help from Uber-competitor Gett"

. . . Bruce Bachenheimer, executive director of the Entrepreneurship Lab at Pace University, says the rise of the Internet is fostering these co-marketing ventures. “When your only options to promote such partnerships were expensive television, radio or newspaper ads, it wasn’t really a viable proposition,” he says.

Read more: http://www.bizjournals.com/newyork/news/2015/07/10/pommes-frites-gett-business-cooperation.html

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East Hampton Star: "History as a Beach Read"

07/09/2015

East Hampton Star: "History as a Beach Read"

Writing a history book about four centuries of Long Island’s East End is rather like squeezing 12 adult humans into the trunk of a Maserati — it is going to be a tight fit. Marilyn E. Weigold, a professor who teaches at Pace University in the department of economics, history, and political science, has chosen to let the blue waters of Peconic Bay form the matrix for an engrossing collage of folklore and facts that tells an abbreviated but well-curated episodic history of Long Island’s eastern forks.

Read more: http://easthamptonstar.com/Books/2015709/History-Beach-Read

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City & State: David Yassky on Law Education

07/09/2015

City & State: David Yassky on Law Education

Pace Law School Dean David Yassky discusses the recent national trend of enrollment decline at law schools and the efforts Pace is taking to combat the trend. Recently the school took steps to provide more scholarships to students and reduced tuition for out of state applicants, but Yassky says more importantly has been a focus on hands on education, providing students with real life experience before they graduate. 

See the video: http://www.cityandstateny.com/27/28/30/yassky-part-1.html#.VZ2yJOlRHwo

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U.S. News: "Avoid 4 Mistakes When Asking an Employer to Pay for an Online Degree"

07/08/2015

U.S. News: "Avoid 4 Mistakes When Asking an Employer to Pay for an Online Degree"

. . . Fortunately, David Done, a meter reader for a New Jersey power company, didn't have to think outside the box when he asked to pursue an online associate degree in wireless networking through Pace University. His company had a tuition reimbursement policy that allowed online education – his best option as a working father of three. 

When he applied, he needed to clearly explain why his education would benefit the company. 

"If you have any kind of tuition reimbursement, I would take advantage of it," he says. "School is just so expensive right now. I wouldn't be able to go to school if I didn't have this."

Read more: http://www.usnews.com/education/online-education/articles/2015/06/16/avoid-4-mistakes-when-asking-an-employer-to-pay-for-an-online-degree

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Computerworld: "Petition to remove Reddit CEO tops 200K signatures"

07/08/2015

Computerworld: "Petition to remove Reddit CEO tops 200K signatures"

. . . Larry Chiagouris, a professor of marketing at Pace University's Lubin School of Business in New York, said while Pao may be a brilliant strategist, she has "never managed large groups of people before.

"The first thing she should have done upon becoming the head is to bring on someone who complements her skillset," Chiagouris said in an email reply to Computerworld. "Someone who can be the ombudsman and sensitive sounding board to the moderators and community members so that she could concentrate on strategy."

Read more: http://www.computerworld.com/article/2945001/social-media/petition-to-re...

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E-Commerce Times: "Hacking Team's Dingy Laundry Hung Out Online"

07/08/2015

E-Commerce Times: "Hacking Team's Dingy Laundry Hung Out Online"

. . . Hacking Team makes spyware to infiltrate desktops and mobile devices, and to seize instant messages, text messages, phone call records and other data, while evading most antivirus products.

The stolen data, which was posted on the Internet, reportedly includes executive emails, customer invoices and source code.

The hackers also hijacked Hacking Team's Twitter feed for 12 hours and used it to distribute samples of the stolen files.

One document reportedly suggests Hacking Team has been stonewalling a year-long United Nations investigation into its sales to various governments.

"What is alarming is that this sophisticated malware developer couldn't protect this type of high-tech intellectual property," Darren Hayes, director of cybersecurity at Pace University's Seidenberg School of CSIS, told the E-Commerce Times.

Read more: http://www.ecommercetimes.com/story/Hacking-Teams-Dingy-Laundry-Hung-Out-Online-82240.html

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