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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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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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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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American Banker: "How Banks Can Step Up to Bat on Cybersecurity"

10/29/2014

American Banker: "How Banks Can Step Up to Bat on Cybersecurity"

The United States is losing the war on cyberhacking, writes James Gabberty, a professor of information systems at Pace University in New York City and consultant to the information security industry. If there was any doubt beforehand, the recent revelation that hackers broke into JPMorgan Chase's systems this summer, compromising the personal information of 76 million households and seven million businesses, should be proof.

Read more: http://www.americanbanker.com/bankthink/how-banks-can-step-up-to-bat-on-cybersecurity-1070900-1.html

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Pace University’s Entrepreneurship Lab Awarded Three Grants Supporting Students, Veterans and Israeli Start-Ups

10/29/2014

Pace University’s Entrepreneurship Lab Awarded Three Grants Supporting Students, Veterans and Israeli Start-Ups

New York, NY – October 29, 2014 -- The Entrepreneurship Lab at Pace University’s Lubin School of Business announces three new grants totaling $340,000. These grants will support unique entrepreneurial opportunities and have been provided through the generosity of Michael Dezer (Pace BBA ’68), the Blackstone Charitable Foundation, and Ted and Pat Levine of Development Counsellors International.

“These generous donations will not only positively impact Pace students and military veterans, but will provide benefits to many others through job creation, exciting new product innovations, and innovative service offerings,” said Professor Bruce Bachenheimer, Executive Director of the Entrepreneurship Lab and Administrator of the three grants. “Through the generosity of our donors, we strive to create new opportunities that provide a social benefit and lead to successful and fulfilling careers.”

A commitment of $40,000 over two years will fund the Ted and Pat Levine Proof of Concept Initiative, which provides grants of up to $7,500 to aspiring entrepreneurs. This program is designed to support new venture creation by providing seed funding to complete proof of concept work.  Specifically, the award money will fund efforts to better understand if a product or service idea can be transformed into a successful business.

The $50,000 grant from the Blackstone Charitable Foundation, awarded as part of the Foundation’s Veterans Grants Program, will support a series of intensive seven-week Entrepreneurship Boot Camps at Pace’s Entrepreneurship Lab that will offer focused training for veterans.  Six individual Boot Camps will be held over three semesters, which will provide opportunities to nearly 100 area veterans. The recently launched October Boot Camps are serving a diverse group of 29 participants, which include female, African American, and Hispanic veterans from within and outside the Pace community. The Veterans Entrepreneurship Boot Camp is designed to provide valuable knowledge and practical skills in an interactive, collaborative and hands-on setting. Participants will be able to immediately apply what they have learned in actual business settings.

A $250,000 grant from Michael Dezer will provide Pace students from a variety of disciplines the opportunity to work closely with entrepreneurs from Israel.  Six student fellows will be chosen to provide research, analysis, product testing, and additional support to two Israel-based companies that have been selected to participate in the program.  Through working with the partner companies, BioGenCell Ltd. and FreshBiz, not only will the students earn a stipend, but they will have the unique opportunity to closely interact with the business leadership teams, thus gaining valuable insights and real-world experience.

Entrepreneurship Lab:  www.pace.edu/elab

Dezer Grant:  www.pace.edu/dezer

Veterans Entrepreneurship Boot Camp:  www.pace.edu/bootcamp

Ted and Pat Levine Proof of Concept:  www.pace.edu/levine

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

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

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Billion Oyster Project Partners to Announce $5 Million NSF Grant for BOP Curriculum and School-Community Enterprise Program

10/27/2014

Billion Oyster Project Partners to Announce $5 Million NSF Grant for BOP Curriculum and School-Community Enterprise Program

Press conference on Thursday, October 30th from 2:00-3:00PM to discuss how the program will work in practice for students, teachers, and parents of New York City public schools

Schools Chancellor Carmen Fariña to deliver keynote remarks on STEM education

What:  The Billion Oyster Project model of restoration-based education has been awarded a $5 million grant from the National Science Foundation to create hands-on marine science and stewardship curriculum for New York City middle school students. A press conference will feature remarks by core project partners, and hands-on demonstration of BOP in action from participating middle and high school students.

Who:  New York Harbor Foundation and Pace University’s School of Education, Chancellor Carmen Fariña, New York City Department of Education, and representatives from consortium members: Columbia’s Lamont Doherty Earth Observatory, New York Academy of Sciences, University of Maryland’s Center for Environmental Science, Good Shepherd Services, New York Aquarium, and The River Project.

When: 2:00pm – 3:00pm on Thursday, October 30th.

Where: Aboard the Hornblower Hybrid (hydrogen, solar and wind-powered yacht created using recycled materials), docked at the South Street Seaport, Pier 15 on the East River Esplanade. Directions to the Hybrid can be found here. The watercraft will remain docked during the entire press conference.

Keynote remarks by Schools Chancellor Carmen Fariña will focus on the significance of restoration-based STEM education, the BOP community enterprise model, and how this project aligns with her Four Pillars for improving the quality of education in New York City Schools.

Building on the partners’ collective expertise in marine science education and restoration ecology, the grant will significantly expand the Billion Oyster Project’s existing middle schools program by creating an accredited teacher training program at Pace University, an interdisciplinary Harbor Literacy and marine STEM curriculum for NYC DoE schools, a wrap-around model of afterschool mentoring, museum and aquarium based programming, and a state of the art digital platform to support field science teaching and learning.

This award is a critical investment in the tools and processes needed for urban public schools to meaningfully connect curriculum and student experiences to the study of our local environment, the practice of restoration ecology, and the principles of scientific inquiry and stewardship. The project will provide teachers and afterschool educators equipment and resources to conduct oyster restoration research and environmental monitoring projects on and around the New York Harbor-Estuary. It will also provide BOP focused classroom activities and curricula for grades 6-8 math and science, as well as interdisciplinary Harbor Literacy curricula to enable grade level team teaching, afterschool enrichment activities and wraparound programming museums, aquariums, and community spaces. As a result of this grant, the Billion Oyster Project will become accessible to 40 to 60 additional schools, 80 to 120 additional teachers, and at least 8,640 additional students over the coming three years. The model is fully scalable, transferable, and adaptable to other school districts across the country and the world.

MEDIA INQUIRIES:

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

Susannah Black, New York Harbor Foundation, sblack@nyharbor.org, (646) 678-1955

Stacy-Ann Ashley, New York Academy of Sciences, sashley@nyas.org, (212) 298-8696

Kevin Krajick, Columbia University; kkrajick@ei.columbia.edu, (917) 361-7766

Amy Pelsinsky, University of Maryland; apelsinsky@umces.edu, (410) 330-1389

Curriculum and Community Enterprise for New York Harbor Restoration in New York City Public Schools is a National Science Foundation funded project.

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