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Dow Jones Newswires: "Research: Incentives Discourage Profit Warnings -- Market Talk"

07/19/2016

Dow Jones Newswires: "Research: Incentives Discourage Profit Warnings -- Market Talk"

Dow Jones Institutional News

14:07 ET - Pay and job-security incentives appear to discourage CEOs from warning investors about negative earnings surprises, according to a forthcoming paper in the Journal of Business Finance and Accounting from researchers at Pace University, Baruch College-CUNY and Binghamton University. CEOs who issue profit warnings near quarter-end were more likely to lose their jobs the next year than those delivering a negative surprise without warning; but that risk rises if company shares are lagging, Pace's Ping Wang said. CEOs who warned also got smaller bonuses and more options than those who didn't. The study examined US companies from 1996 through 2010. (theo.francis@wsj.com; @theofrancis)

(END) Dow Jones Newswires

July 18, 2016 14:08 ET (18:08 GMT)

Dow Jones & Company, Inc.

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Variety: "Rupert Murdoch’s Billion-Dollar Headache: Who Can Replace Roger Ailes at Fox News?"

07/19/2016

Variety: "Rupert Murdoch’s Billion-Dollar Headache: Who Can Replace Roger Ailes at Fox News?"

. . . If Ailes were to step down, will Fox News be able to maintain its status as one of the empire’s jewels? The network is said to contribute $1.35 billion in earnings before interest, taxes and amortization, or EBITDA, to 21st Century Fox, according to estimates from Nomura analyst Anthony DiClemente. That figure would represent about 20% of total EBITDA for the parent company in its fiscal 2016, the analyst said. Millions of dollars are at stake: Market-research firm SNL Kagan projects advertising revenue at Fox News Channel and Fox Business Network, both under Ailes’ aegis, will jump about 5.6% to $932.1 million in 2016, compared with $882.6 million last year. Operating revenue from the two networks this year is seen as exceeding $2.5 billion.

“Fox News is very powerful and very influential, especially among conservatives,” said David Caputo, professor of political science at Pace University in New York. “They see it as a balance among the more liberal media.”

Read more: http://variety.com/2016/biz/news/roger-ailes-rupert-murdoch-fox-news-gretchen-carlson-1201816630/

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New York Daily News: "Thousands of Cleveland cops and FBI officials prep for RNC as a slew of protesters plan to demonstrate"

07/18/2016

New York Daily News: "Thousands of Cleveland cops and FBI officials prep for RNC as a slew of protesters plan to demonstrate"

. . . "There is no longer any reason to expect the anti-Trump forces to be successful or to even mount a serious attempt to influence the outcome of the convention," explained David Caputo, president emeritus and professor of Political Science at Pace University.

Read more: http://www.nydailynews.com/news/politics/thousands-fbi-officials-prep-rnc-cleveland-article-1.2714299

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Houston Chronicle: "Trump aims to heal GOP divisions in Cleveland"

07/18/2016

Houston Chronicle: "Trump aims to heal GOP divisions in Cleveland"

. . . "It is a bit ironic that the candidate who ran so strongly as an outsider is now looking for a set of convention outcomes which are quite traditional," said David Caputo, a campaign scholar at Pace University in New York. "Trump must be Trump, even if it is a toned-down version, in order to carry the image of individuality and populism into the next phase of the campaign."

Read more: http://www.houstonchronicle.com/news/politics/us/article/Trump-aims-to-heal-GOP-divisions-in-Cleveland-8382508.php

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CNET Magazine: "Dating sites for Trekkies, vampire lovers and just about anyone else"

07/13/2016

CNET Magazine: "Dating sites for Trekkies, vampire lovers and just about anyone else"

. . . What is it about the Internet and cats? Typing "cats" in YouTube gives you 13.2 million videos, ranging from cats being funny to cats being jerks to cats just being...cats.

That's why a dating site for cat lovers just made sense to Sonny Crane, who founded Purrsonals.com. "Cat owners are a bit more finicky," he says. "Do you want to meet someone who doesn't like cats? No."

But does finding a soul mate really depend on meeting someone who adores cats as much as you do? That depends on how deeply that common interest matters to you, says Aditi Paul, an assistant professor at Pace University, who studies online dating.

"If you're choosing someone based on something that's core to you, then by all means," she says. Such specialized dating sites "make the idea of revealing yourself to your partner a lot easier than on a generic website."

Read more: http://www.cnet.com/news/dating-sites-for-trekkies-vampire-lovers-and-just-about-anyone-else/

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CFO: "Beware of a Tax Reform Revolution"

07/13/2016

CFO: "Beware of a Tax Reform Revolution"

It is somewhat ironic that many politicians, including numerous ones who refer to themselves as conservatives, espouse radical changes to our tax system, writes Philip G. Cohen, a retired vice president of tax and general tax counsel at Unilever United States, who is currently an associate professor of taxation at Pace University Lubin School of Business. They claim our tax system is broken and requires a drastic transformation. I’m skeptical of following their guidance. Many of them and their predecessors helped create the system that they now profess is shattered. I’m wary of panaceas promised from politicians, including replacing the corporate income tax with a value-added tax (VAT) or quasi-consumption tax. We should resist taking extreme measures that could make our budget problems as bad as those of Greece and/or create other havoc in our economy.

Read more: http://ww2.cfo.com/tax/2016/07/beware-tax-reform-revolution/

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NY1: "Panel Talks Complicated Discussion Over Policing, Criminal Justice Reform and Racial Inequality"

07/13/2016

NY1: "Panel Talks Complicated Discussion Over Policing, Criminal Justice Reform and Racial Inequality"

A panel - Carla Shedd, a Columbia University sociology professor and author of the book, "Unequal City: Race, Schools, and Perceptions of Injustice"; Dr. Darrin Porcher, a retired NYPD lieutenant and Pace University professor; and Minister Kirsten John Foy, the Northeast Regional Director of the National Action Network - joined Errol Louis to talk about the complicated discussion over policing, criminal justice reform and racial inequality in the wake of the fatal shooting of police officers in Dallas and a string of fatal police shootings of black men.

Watch the video: http://www.ny1.com/nyc/all-boroughs/inside-city-hall/2016/07/9/ny1-online--panel-talks-complicated-discussion-over-policing--criminal-justice-reform-and-racial-inequality.html

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WPIX: "Navy vet finds himself in the military -- and sets a course to college"

07/12/2016

WPIX: "Navy vet finds himself in the military -- and sets a course to college"

Watch the video: http://pix11.com/2016/07/05/new-pix11-partnership-aims-to-help-vets-pay-their-college-education/

NEW YORK — For many returning veterans, getting a college education is a priority.  But paying for it isn’t always easy.

That’s why PIX11 has partnered with the Veterans Education Challenge (VEC).   It’s an organization dedicated to sending U.S. military vets to college, and provides them with needed scholarships that the GI Bill does not cover.

VEC founders, Avis and Bruce Richards, started the “Veterans Education $1 Million Matching Challenge” to help fund higher education for returning veterans.  Every dollar donated between Veterans Day 2015 and Veterans Day 2016 will be matched dollar-for-dollar by the Richards up to one million dollars.

We share the story of U.S. Navy Veteran Raphael Harry who got high marks for his military service before pursuing a college degree.

His friends didn’t think he’d make it in the military. In fact they even laughed at him. But Raphael Harry proved them all wrong.

Soon after joining the U.S. Navy in 2008, the logistics specialist from Nigeria caught the attention of his boss.

“One day I came to work and my boss just told me, ‘you’re going to take charge,’ and I was put in charge of the people in the Navy longer than myself, and with time I got to realize somebody sees something in me, and is encouraging me.”

He spent the last 16 months of his active duty in Bahrain, where members of the now famous Seal Team Six trained for their mission to capture Osama Bin Laden.

“It kind of made me feel special,“ Harry said. We all knew somehow we all contributed to assisting them.”

After proudly completing his service in 2012, Raphael struggled to find his place in civilian life.

“Unfortunately, it didn’t work out as I had planned.  I ended up losing all my savings.  I was at my lowest then.  I was on my own, no support,” he said.

Fortunately a friend steered him to vet friendly Pace University in Manhattan.  Taking advantage of being 100 percent covered by the post 9/11 GI Bill, Raphael, now 34, pursued a BA in business administration. He graduated in May.

“Pace has helped me with networking, has been able to expand my opportunities I see myself as qualified for,” Harry said.

 

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NBC New York: "Second Amazon Prime Day Aims to Better Last Year's Reviews"

07/12/2016

NBC New York: "Second Amazon Prime Day Aims to Better Last Year's Reviews"

. . . Amazon faced a backlash on social media during last year's Prime Day event — with the hashtag #PrimeDayFail trending — after many members complained about a lack of in-demand deals and items selling out too quickly.

Larry Chiagouris, marketing professor at Pace University, told The Associated Press after the sale that if people get disillusioned with Amazon's sales announcements they won't trust future sales. "They haven't damaged the trust people have in the overall Amazon brand, but they have done major damage to the credibility of sales announcements going forward," he said. "People are going to get numb to sale announcements and they'll no longer provide the traffic kick start they're designed to."

Read more: http://www.nbcnewyork.com/news/national-international/Second-Amazon-Prime-Day-Better-2015-Reviews-386390431.html#ixzz4ECp7ywrD

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Observer: "Meet the Collective That’s Connecting LGBTQ Foster Youth With the Arts"

06/30/2016

Observer: "Meet the Collective That’s Connecting LGBTQ Foster Youth With the Arts"

Photo: Britton Smith, Rebeca Rad, Keelay Gipson, and Josh Adam Ramos, the members of the Lost Collective. Courtesy of NYC Department of Cultural Affairs

“Aside from finding your voice, the arts is a thing that allows you to be your own individual,” Shuffle Along actor Britton Smith, one fourth of the Lost collective that’s working to bring this feeling to LGBTQ youth in the foster system, told the Observer.

The Broadway actor, along with Keelay Gipson, Rebeca Rad, and Josh Adam Ramos, has formed the collective with the Administration for Children’s Services and the Department of Cultural Affairs in a program called Public Artists-in-Residence (PAIR), which seeks to engage LGBTQ youth in the foster care system with the arts. Old friends from their time at Pace University, the four came together to bring to life the show written by Gipson, titled The Lost.

Read more: http://observer.com/2016/06/meet-the-collective-thats-connecting-lgbtq-foster-youth-with-the-arts/

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