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InsideCounsel: "Insider trading inquiries reportedly taking place regarding government employees"

11/07/2014

InsideCounsel: "Insider trading inquiries reportedly taking place regarding government employees"

. . . John James, chairman emeritus of Pace University’s Center for Global Governance, Reporting, and Regulation, told InsideCounsel, “This is an unusual move for [the] SEC to be investigating another government agency for possible ‘insider trading’ violations, unless they are talking with [the] DOJ [Department of Justice] about something else – that could be more serious.”

The investigations bring to mind how regulatory agencies have gotten “instructions” from ''above to expand their examination procedures to include what we in the governance field refer to as internal governance,” James added.

He explained that internal governance is the realm of the Board of Directors, and involves policies and procedures affecting non-regulated aspects of enterprises.

“Many of us have been unpleasantly surprised to see regulators dig into the ‘cultures’ of financial institutions,” James added. “As a long-time strategic planning advisor I am super-sensitive to the availability to anyone outside our board room knowing our own evaluations of our strengths and especially our weaknesses. As they say in New York City, ‘Does Macy’s tell Gimbles?’”

Read more: http://www.insidecounsel.com/2014/11/06/insider-trading-inquiries-reportedly-taking-place

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Newsday: "Benjamin Tucker tapped as Philip Banks' replacement for NYPD first deputy commissioner, Bratton says"

11/05/2014

Newsday: "Benjamin Tucker tapped as Philip Banks' replacement for NYPD first deputy commissioner, Bratton says"

NYPD Commissioner William Bratton announced Wednesday afternoon that Benjamin Tucker, the department's official in charge of its training program, will take over as first deputy commissioner, the second-highest-ranked person.

Tucker, along with Chief Gerald Nelson, were the two names most prominently mentioned for the post after the sudden retirement last week of Phillip Banks III, who had been Bratton's first choice.

"I love this department," Tucker said. "This department gave me opportunities I would never have had as a kid from Bedford Stuyvesant."

Tucker, a lawyer, had been an NYPD officer from 1972 until 1991 when he retired. Tucker had a number of posts in government, including jobs with the Clinton administration and under Mayor Ed Koch. After retiring from the NYPD, Tucker took a teaching job at Pace University.

"He has an intimate understanding of crime, drug abuse, youth and the law," Bratton said.

Bratton has relied on Tucker to institute a new training regime at the NYPD, including the retraining of the entire department after the alleged chokehold death of Eric Garner in July.

In a prepared statement, PBA president Patrick J. Lynch said: "We salute the appointment of Benjamin Tucker as 1st Deputy Commissioner. He grew up in Brooklyn and has long been a part of the NYPD family. We wish him great success in the real challenges that lie ahead."

http://www.newsday.com/news/new-york/benjamin-tucker-named-philip-banks-...

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Forbes: "Accounting For The Glass Ceiling"

11/05/2014

Forbes: "Accounting For The Glass Ceiling"

Along with Pace University, IMA recently sponsored the first-ever Women’s Accounting Leadership Series (WALS), which gathered high-profile accounting and finance leaders to explore trends and topics important to the profession. One of the event’s creators was Leslie Seidman, the executive director of the Center for Excellence in Financial Reporting at Pace University’s Lubin School of Business and former FASB Chairman.

Read more: http://www.forbes.com/sites/jeffthomson/2014/11/04/accounting-for-the-glass-ceiling/

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Forbes: "Encore U: It's Never Too Late To Go To College"

11/05/2014

Forbes: "Encore U: It's Never Too Late To Go To College"

Photo: Encore movement leaders at their conference in Arizona.

. . . The Encore Transition Program at Pace University aids professionals make the transition from midlife careers to new careers. It helps participants define their interests, understand transitions, and meet local leaders. Its training helps participants navigate the next chapter of their lives.

Read more: http://www.forbes.com/sites/ehrlichfu/2014/11/03/encore-u-its-never-too-late-to-go-to-college/

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Bloomberg BNA: "White House to Reveal Policy Goals For Lame-Duck Session in Days Ahead"

11/04/2014

Bloomberg BNA: "White House to Reveal Policy Goals For Lame-Duck Session in Days Ahead"

. . . David Caputo, president emeritus and professor of political science at Pace University in New York, told Bloomberg BNA that, assuming Republicans gain control of the Senate, there will be no major policy changes in the next two years.

“And even if they do not—even if we have a Biden majority, 50-50 where the Democrats retain full control—I think there's very little possibility that we'll get major policy decisions out of Congress,” Caputo said.

The vice president also is president of the Senate. In cases of a tie vote in the Senate, Vice President Joe Biden would cast the tie-breaking vote.

Caputo predicted Republicans will have a difficult time on getting any changes on several issues—such as immigration, health care, the economy and budget—because of the conservative base in the House, which will be difficult to move.

If the Republican majority in both chambers decided to eliminate the Affordable Care Act, for instance, either head-on or though budget cuts, they would run into difficulties, Caputo said.

If they tried to repeal it head on, the president would veto it, Caputo said.

“I don't think the Republicans will have two-thirds majority in either the House or the Senate to override that veto,” he said.

“And if they do it in the budget, then we're headed for a showdown and I don't think the president will blink,” Caputo said. “And I think the Republicans will get blamed for shutting the government down again,” he said.

Ability to Govern

There could be major policy changes, depending on what the president decides to do in terms of executive orders, Caputo said.

This would put Congress on the defensive in terms of arguing that the president has exceeded his powers, Caputo said.

“So that would also be very interesting to watch,” he said.

Budget issues also will be significant, Caputo said. Republicans in the House and Senate will use their majority status, assuming Republicans take control of the Senate, to push for a number of budget reforms, including a decline in domestic spending and an increase in defense spending, he said.

At that point, the president will be forced to either accept the changes or not, Caputo said.

“If he doesn't accept, if there's not agreement, then he won't sign the legislation and we'll go off the fiscal cliff—or we'll come close to going off the fiscal cliff,” he said.

Republicans do not want to be seen at this point, after having gained control of the government, as not being able to govern, Caputo said.

“So I think this is going to be a very interesting tap dance for them, in terms of trying to promote a policy agenda, which is seen as clearly Republican, [but] which remains acceptable to the president,” he said.

The president has an equal problem in that, if he wants to get anything through, he is going to have to make a series of compromises, which so far he has been unwilling to do, Caputo said.

“So I think what's going to happen is deadlock will continue, and I think it sets the stage for 2016 on these issues,” Caputo said.

Read more: http://dailyreport.bna.com/drpt/7010/split_display.adp?fedfid=58518415&v...

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Direct Marketing News: "Publicis to Buy Sapient, Create 'Transformational' Digital Platform"

11/04/2014

Direct Marketing News: "Publicis to Buy Sapient, Create 'Transformational' Digital Platform"

. . . Publicis immediately announced plans to introduce Publicis.Sapient, a platform merging communications, marketing, commerce, and technology components. A combined effort of Sapient and current Publicis units DigitasLBi, Razorfish, and Rosetta, Publicis.Sapient aims to deliver “transformational services to clients through a model that has unmatched reach and capabilities,”the company boasted in a press release.

But that remains to be seen, says Larry Chiagouris, former chairman of the Advertising Research Foundation. “It has the potential to enhance the already well-established digital portfolio continuing to be developed at Publicis; however, there will be many major obstacles in making a Publicis-Sapient entity work,” said Chiagouris, a professor of marketing at Pace University. “These are companies that have operated in very different sectors and it remains to be seen whether any hoped-for synergy can ever grow to become a substantial source of new revenue for either Publicis or Sapient."

Read more: http://www.dmnews.com/publicis-to-buy-sapient-create-transformational-digital-platform/article/380732/

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National Journal: "One Millennial's Answer to Political Apathy: Put College Students in Classrooms"

11/03/2014

National Journal: "One Millennial's Answer to Political Apathy: Put College Students in Classrooms"

Failure is a powerful icebreaker, so Pace University sophomore Nelli Agbulos opens her presentation to a group of high school seniors by telling them about an unsuccessful protest that she recently planned for her campus. Six people came.

"I told all my friends to come, and nobody showed up," she says.

"Then you've got messed-up friends," one of the seniors retorts.

Sure enough, the anecdote gets the class talking. How do you make sure people know about an event? How do you communicate to them that their presence is important? One student suggests getting the football team to sponsor it. Another says teachers should give extra credit for attendance. Posters. Twitter. P.A. announcements. The class is buzzing.

Agbulos isn't much older than the kids in the government class she teaches twice a week at the Franklin Delano Roosevelt High School in Brooklyn. She isn't paid and doesn't get school credit for her time. She has no teacher training. What she does have is these students' attention. They identify with her and sympathize with her plight in a way that they don't with their teacher, Eric Cortes, who hangs out in the back and keeps order.

Read more: http://www.nationaljournal.com/next-economy/solutions-bank/one-millennial-s-answer-to-political-apathy-put-college-students-in-classrooms-20141031

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SC Magazine: "Safe tether: Wearables"

11/03/2014

SC Magazine: "Safe tether: Wearables"

. . . Darren Hayes, assistant professor and director of cybersecurity at Pace University, says while the Snowden revelations have heightened awareness of U.S. government spying, it is by no means just within these borders. France and Spain are very active in phone surveillance and even tracking visitor's highway travel. He points out that many vulnerabilities, including some of the biggest, are connected to governments or government-sponsored hackers. “When you travel to a country like China or Russia, very likely the quick inspection of your laptop or phone conducted at the airport is actually an imaging of the device using special hardware,” he says

Some hardware should also be suspect, including some computer and telecommunication products manufactured in China, most likely with the complicity of the People's Liberation Army. “Most western governments won't use Lenovo laptops, for example, and they may be right,” says Hayes. Other similar perils potentially afflicting users, mobile or not, are the use of free anti-virus software. For example, Hayes says the free version of Kaspersky should be adopted with caution because “there is reason to believe the company is backed by the Russian government,” he says.

Finally, there are now known vulnerabilities with devices such as Cisco routers and with certain encryption algorithms. Another persistent issue is Heartbleed – the security bug in the OpenSSL cryptography library, which still has wide impacts. 

Although Hayes does not yet see threat vectors involving wearable technologies, he does see Bluetooth as a continuing source of concern and says it should be a point of focus for security efforts. “Bluetooth 4.0 allows you to be monitored by beacons that are used for commercial purposes, for example by retailers to offer special deals. However, that can also be used to track the movement of people,” he explains.

Steps to take

Hayes says there are some specific steps organizations can take now to protect themselves and their mobile workers. One of them is adopting Pretty Good Privacy (PGP) data encryption and decryption software to provide cryptographic privacy and authentication for data communication – or the similar GNU Privacy Guard (GPG), which is a  free version of the OpenPGP standard. It may not solve all of the road warrior problems but it is a good start, he notes.

Additionally, Hayes suggests adopting some of the secure tools increasingly adopted by journalists, including SecureDrop, an open-source software platform for secure communication originally designed and developed by Aaron Swartz and Kevin Poulsen under the name DeadDrop.

Bluetooth, however, remains problematic. “I recommend that organizations encourage people to disable Bluetooth,” says Hayes. And never use “free” anything. USBs handed out as tchotchkes at tradeshows often contain problematic programs if not actual malware. 

“I don't even trust some of the supposedly legitimate free apps because they can also make use of your machine in ways you don't expect,” adds Hayes. “Any company that claims to be concerned about a secure infrastructure has to pay attention to these issues if it is going to protect its business travelers,” he adds. 

Read more: http://www.scmagazine.com/safe-tether-wearables/article/377733/2/

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Westchester County Business Journal: "Pace, Media Storm announce master’s program in social media"

10/31/2014

Westchester County Business Journal: "Pace, Media Storm announce master’s program in social media"

Business success often results from finding a gap in the market.

Pace University’s Lubin School of Business believes its newest program will fill a gap in the business education market. Last week, the school announced its new master’s degree program in social media and mobile marketing that will be co-branded with Media Storm, the second-largest independent media planning and buying agency in the U.S.

“Social media and mobile technology have fundamentally transformed our culture,” said Jon Cropper, the resident futurist at Media Storm. “In the last five or six years, the power structure has shifted. In the past, tastemakers decided what people wanted and pushed content to them, but now consumers create their own content with more relevance and intimacy than the content creators.”

Cropper said the gap that exists between business school education and modern marketing techniques is unique.

“Education hasn’t kept up with social media,” Cropper said. “A textbook on social media is almost an oxymoron, because the landscape of social media is constantly changing, while a traditional textbook refreshes every three years.”

According Lubin School of Business Dean Neil Braun, that gap — between what students learned about social and mobile media and what they really need to know — has been noticed in business circles.

“It’s a big topic of conversation,” Braun told the Business Journal. “Our model (for this program) is different. Pace has control of the curriculum and Media Storm provides integrated experiences for our students.”

Read more: http://westfaironline.com/66841/pace-media-storm-announce-masters-progra...

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Wilson Center for Social Entrepreneurship hosts insider’s roundtable on evolution of social innovation

10/30/2014

Panelists explore importance of partnerships in the emerging field of impact investing, identify best practices for achieving social impact

NEW YORK, October 29, 2014 —The Helene & Grant Wilson Center for Social Entrepreneurship at Pace University hosted a panel discussion on social innovation and impact investing. Titled “True Partnerships: Best Practices in Collaborations for Social Impact,” the event featured executives from Impact America, an impact investment fund and the Center’s current Social Enterprise in Residence.

Speakers included Kesha Cash, Partner and Director of Investments, Impact America; Clarissa Middleton, Associate, Impact America; Rebecca Tekula, PhD, Executive Director, Helene and Grant Wilson Center for Social Entrepreneurship, Assistant Professor of Public Administration, Dyson College of Arts and Sciences at Pace University; and Archana Shah, Associate Director, Helene and Grant Wilson Center for Social Entrepreneurship.

“Education programs that encourage thoughtful exploration of social impact are at the core of our mission at the Wilson Center,” said Rebecca Tekula, PhD, the Center’s Executive Director.  “We are proud of our work with Impact America and enjoyed this enlightening discussion with the social enterprise, education, and student communities.”

“Our motivation for hosting this particular event was to raise awareness amongst the audience, many of whom are students, about the changing dynamic between non-profits and funders. The evening’s discussion gave us insights into how good and effective partnerships in the social impact arena are created and maintained today.” said Archana Shah, Associate Director of the Center.

“Impact America is enthusiastic about our partnership with the Wilson Center and this opportunity to highlight the growing area of impact investments and social finance,” said Kesha Cash, Partner and Director of Investments, Impact America.

Impact Investing is a revolutionary new, increasingly popular investment strategy for fostering social innovation and environmental change on a scale and at a rate not possible in the past. Traditionally, social problems have been addressed by non-profit organizations funded though “charitable giving”. Impact investing offers the potential to marshal an exponentially larger pool of capital that is invested in innovative solutions to persistent problems in our society. The Wilson Center panel provided an inside perspective of this emerging investment platform and featured executives from Impact America, one of the newest, most promising players in the industry.

Panelists discussed the importance of key partnerships in developing new ventures and programs, and highlighted how innovative organizational leaders today are approaching collaborations across sectors for high impact outcomes.

Pace’s Wilson Center for Social Entrepreneurship provides scholarly research, academic programs, advisory services, and educational forums to encourage excellence and enhance the risk-taking spirit of nonprofits and social enterprises. This is the second year that the Center has spearheaded this program.

About Impact America

Impact America is an early-stage GIIRS rated equity firm that invests $250K - $2M in high growth companies generating real financial returns while improving the well-being of underserved communities and creating quality jobs in America. Impact America is committed to Maximizing Opportunity through its innovative collaborative ecosystem approach to supporting best-in-class, diverse entrepreneurs directly improving the quality of life in underserved communities through scaling businesses focused on Health & Wellbeing, Education, Essential Services and, Financial Security.

About the Helene and Grant Wilson Center

Pace University’s Helene & Grant Wilson Center for Social Entrepreneurship was created in 2005 to serve the nonprofit and social enterprise community and Pace University. Devoted to honing the risk-taking spirit and managerial skills of nonprofit organizations and social ventures, the Center was launched with a pledge from Helene and Grant Wilson, Boston-area entrepreneurs and philanthropists whose philanthropic endeavors convinced them that entrepreneurial management can help social ventures increase their impact. Visit www.pace.edu/wilsoncenter

Contact:

Bill Caldwell, Pace University; wcaldwell@pace.edu, (212) 346-1597

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