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Hollywood Reporter: "Sony Hack Debacle Renews Talk of Studio Sale"

12/23/2014

Hollywood Reporter: "Sony Hack Debacle Renews Talk of Studio Sale"

. . . “This is a bump in the road for Sony,” says 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.

James, who spent 15 years advising a major Japanese corporation, says that the hack and Sony’s response to it is not enough to encourage Sony management to sell Sony Pictures, though Lynton and Pascal might not survive the upheaval. 

“The Japanese don’t act quick on anything. I think they’ll wait this out,” James says. “But I wouldn’t be surprised if the top executives at Sony Pictures are asked, ‘take your time, clean this up, then go.’ ”

James also speculates that Pascal and Lynton were not behind the decision to cancel the Christmas Day release of The Interview.

“It had to come from Japan, because they were so embarrassed,” he says. “They shouldn’t have done it. One thing about Americans is our spirit as individuals. They say: ‘No kooky North Korean is going to scare me from living my life.'"

Read more: http://www.hollywoodreporter.com/news/sony-hack-debacle-renews-talk-759710

 

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Daily Beast: "Obama Could Hit China to Punish North Korea"

12/23/2014

Daily Beast: "Obama Could Hit China to Punish North Korea"

. . . “The United States is hugely important economically to China and with the recent cut in growth forecasts for China we are in a much better position to pressure the Chinese government to control the activities of North Korea,” said Darren Hayes, a former investment banker who’s now a professor and the director of cybersecurity at Pace University’s Seidenberg School of Computer Science and Information Systems in New York. “China is probably our best hope.”

Read more: http://www.thedailybeast.com/articles/2014/12/19/obama-could-hit-china-to-punish-north-korea.html 

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China Daily: "Venezuela could seek China's help as oil drops"

12/23/2014

China Daily: "Venezuela could seek China's help as oil drops"

. . . Dan Greenberg, director of Latin American studies at Pace University in New York, said Venezuela's economy was on thin ice even before the recent oil price slump.

"Inflation in the last year was estimated at over 50 percent in the country," he told China Daily in an interview on Dec 12. "Venezuela has been facing a capital flight problem as the rich are moving money out of the country."

Greenberg said Venezuela, under former President Hugo Chavez who died in 2013, began to use oil money to fund an extensive array of social programs. "Chavez financed these programs using profit from the state oil company Petroleos de Venezuela SA (PDVSA). The programs were successful reducing poverty by as much as 50 percent in some regions," said Greenberg.

When oil prices were rising and holding above $100 a barrel, the Chavez arrangement seemed to work. "One issue that did emerge was that PDVSA, at one time considered one of the best managed oil companies in the world, was denied the funds it needed to maintain its facilities and explore for oil in new areas like the Orinoco Basin."

Greenberg explained that the Orinoco region has extensive oil reserves similar to the tar sands of Canada. "Both require heavy investments to extract and refine the oil," he said.

Funding the social programs deprived PDVSA of the money it needed to maintain and expand production, Greenberg said. So Venezuela is battling declining production and lower prices.

Greenberg said Venezuela also has a political problem. Current President Nicolas Maduro won a close election to succeed Chavez in 2013. "He was Chavez's hand-picked successor," Greenberg said of the country's former foreign minister. "He lacks Chavez's charisma."

Greenberg expects Venezuela to go into default. "In many ways it will be similar to what happened to Argentina in 2002," he said.

Last month Maduro secured a $4 billion loan from China for the country's international reserves. Greenberg believes Venezuela will require more help from China because Russia is also suffering from low oil prices and may not have the resources to help its Latin American ally.

"I think the big question will be not if China will help Venezuela, but what will China want in return," he said. "The Chinese are shrewd and they may want fields in the Orinoco region in return for whatever aid package China develops."

Read more: http://usa.chinadaily.com.cn/world/2014-12/19/content_19120876.htm

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U.S. News & World Report‎: "'The Interview' and the Reckoning"

12/23/2014

U.S. News & World Report‎: "'The Interview' and the Reckoning"

. . . “It’s a wake-up call for the entertainment industry. There is going to be a lot more review for political aspects of their projects,” says Darren Hayes, assistant professor and director of cybersecurity at Pace University’s Seidenberg School of Computer Science and Information Systems.

“People will be worried that hacktivists will consider this as a way to get back at the entertainment industry,” he says.

Read more: http://www.usnews.com/news/articles/2014/12/18/sony-hack-puts-hollywood-us-government-in-unprecedented-position

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Westchester County Business Journal: "Pace students win College Federal Reserve Challenge"

12/18/2014

Westchester County Business Journal: "Pace students win College Federal Reserve Challenge"

A group of Pace University students won a major academic competition that tested their economic knowledge earlier this month.

Pace defeated Princeton University, and, with honorable mentions, Bentley University, the University of Chicago and the University of North Carolina at Chapel Hill, to win the 11th annual national College Federal Reserve Challenge. The competition evaluates the teams’ understanding of the U.S. economy, monetary policymaking and the role of the Federal Reserve System.

Read more: http://westfaironline.com/68027/pace-students-win-college-federal-reserve-challenge/

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Business Insider: "Pace University's National Champion Monetary Policy Team Predicts The Fed's Next Move"

12/18/2014

Business Insider: "Pace University's National Champion Monetary Policy Team Predicts The Fed's Next Move"

The Pace Outlook

The Pace team — which beat teams from Princeton and University of Chicago — notes that the phrase "considerable time" might be giving the market unclear signaling. But they warn if the phrase goes away completely the market will be completely directionless.

But as the Pace team sees it, "if 'considerable time' is taken out of the statement, then the June 2015 meeting gets targeted," as the first time the Fed would raise rates, which for Pace strips the Fed of the policy flexibility it's been seeking to maintain. 

And if the Fed were targeting June 2015 on its own, leaving "considerable time" in the statement would still be appropriate, Pace said. 

As part of its championship-winning policy recommendations, Pace suggested the Fed stress data dependency in its forward guidance. Additionally, Pace recommended that the Fed hold a press conference which each policy announcement, as the market currently expects the Fed would only raise interest rates at a meeting that is followed by a press conference from chair Yellen. 

Press conference meetings, however, are only held four times a year: in March, June, September, and December. 

And as the Pace team said, "You can't be data dependent if you can only start to raise rates four times a year." 

 

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The Hill's Congress Blog: "Sandy Hook, two years later: Steps we must take"

12/17/2014

The Hill's Congress Blog: "Sandy Hook, two years later: Steps we must take"

The recently released report by Connecticut’s Office of the Child Advocate describes a trajectory toward unimaginable tragedy – lost lives of twenty young children and those of the educators who tried to protect them two years ago on December 14th, writes Andrea Spencer, dean of Pace University’s School of Education, an educational consultant to the Center for Children’s Advocacy and co-author of “Shooting At Sandy Hook Elementary School.” Investigation of this trajectory was commissioned by Connecticut’s Child Fatality Review Panel, conducted by experts from psychology, psychiatry, social work, education and advocacy. The result is a document that details the life of AL, the perpetrator of the Sandy Hook shootings. Amidst a welter of informational sources, the panel struggled to comprehend and then to communicate the complexities of systems failures that emerged. These failures left untreated a desperately damaged and severely mentally ill individual who brought about unparalleled devastation in the lives of school, families and the Newtown community. What remedies might diminish the potential for similar disasters? The report provides many important recommendations. However, among these, school records were one key source of insights into the circumstances and lost opportunities that defined AL’s withdrawal into isolation and violence. From an educational perspective, what lessons might be learned?  

Read more: http://thehill.com/blogs/congress-blog/education/227314-sandy-hook-two-years-later-steps-we-must-take

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NPR's All Things Considered: "Two Years Later, Still Learning From Sandy Hook"

12/17/2014

NPR's All Things Considered: "Two Years Later, Still Learning From Sandy Hook"

. . . Andrea Spencer, dean of the School of Education at Pace University and one of the co-authors of the child advocate's report, says the schools focused only on his academics and not on the depth of his disabilities.

"It appears to me from what we know that Adam was one of those students who slid beneath the radar in terms of his very serious social, emotional needs," she says.

That slide should be a real concern for anyone who deals with children, Spencer says.

"I guess the lesson that occurs to me is that we have to get and support a broader perspective on children's needs as part of schools, classrooms, teachers, administrators," she says. "Everyone needs to be more cognizant of the social/emotional aspects of children's development."

 

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BizEd: "Big Ideas on Campus"

12/15/2014

BizEd: "Big Ideas on Campus"

. . . Students are responsible for running three different businesses at Pace University’s Lubin School of Business in New York City, all three overseen by the university’s Center for Student Enterprise.

• The Pace Perk Café, founded in April 2010 by two students, is a late-night café spot open from 9 p.m. to 1 a.m. Ten student managers run the business, which employs 13 students and had sales of $125,000 in 2013. With retained earnings of more than $20,000, the Perk was able to make a $5,000 loan to the newest student-run business, Pace Mart, for startup funds.

The Perk also serves as a learning lab for other students: Last fall, a graduate auditing class did an audit of the Perk, which provided valuable insights to both the graduate students and the student managers of the Perk.

• Pace Connect is a student-run call center that works on behalf of university clients. When it was founded in the fall of 2012, it contacted alumni to raise money for the Pace Annual Fund; within a year, it was also contacting graduates on behalf of Pace Career Services to collect information about alumni jobs. It now also makes calls for the Office of Student Assistance to help current students set up payment plans for past-due balances; the Office of Student Success to identify second-semester freshmen who are having problems or considering not returning to Pace; and the Office of Enrollment to invite admitted students to attend preview events.

A team of four student managers runs the business, which employs 20 students. The center operates out of an accounting classroom, using Skype to make calls and SalesForce.com to track data. The business had revenues of $26,000 this year and has retained earnings of about $2,000.

• The newest operation, Pace Mart, is a convenience store run by eight students who negotiated with Pace Administration to plan the enterprise. They’re working with a new type of student account called Dawg dollars that will allow students to use their swipe cards to make purchases. The store was piloted in April in a small area of the school library, but a full store was planned for the fall; it will employ at least 20 students and be open eight hours a day.

Read more: http://www.bizedmagazine.com/features/articles/big-ideas-on-campus.asp

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