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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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Homeland Security Today: "Redacted Section of 9/11 Report on Possible Saudi Ties to Al Qaeda Released"

07/18/2016

Homeland Security Today: "Redacted Section of 9/11 Report on Possible Saudi Ties to Al Qaeda Released"

07/15/2016: Following a lengthy declassification review, the Obama administration today released a redacted version of the controversial 28 page classified section of the 2002 Joint Congressional Inquiry into Intelligence Community Activities Before and After the Terrorist Attacks of September 11, 2001 regarding possible connections between the Saudi government and the 9/11 terrorist plotters.

But the long awaited 28 pages doesn't necessarily contain the bombshell information some believed it contained. The once classified pages do, however, raise some troubling questions.

"The question here is whether United States law enforcement and military fully investigated the leads in the previously secret 28 pages regarding the possible involvement of the Saudi Arabian government in the 9/11 attacks," Homeland Security Today was told by Thomas M. McDonnell, a professor of international law at the Elisabeth Haub School of Law at Pace University, and author of, The United States, International Law and the Struggle against Terrorism. "Recall that 15 of the 19 September 11 hijackers were Saudi Arabian citizens as was Osama Bin Laden."

"The broader question," he added, "is to what extent has the Saudi government’s financial support for Wahhabi imams and the spread of their extreme strain of Islam throughout the world have contributed to the rise of Al Qaeda, Daesh and Islamic terrorism generally. Given that Saudi Arabia has one of the worse human rights records on the planet, it is high time for the United States and the West generally to look beyond the economic interest in oil and demand that Saudi Arabia reject extremism in all its forms and begin to respect fundamental rights."

Read more: http://www.hstoday.us/briefings/daily-news-analysis/single-article/redacted-section-of-911-report-on-possible-saudi-ties-to-al-qaeda-released/8e84f455b0beab604db86b429ba0451b.html

 

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News 12: "Terror expert says recent attacks can't be accepted as new normal"

07/18/2016

News 12: "Terror expert says recent attacks can't be accepted as new normal"

The attack in Nice Thursday makes it the third act of terror in France over the last 18 months.

"We've gone past the days of 'if it happens.' We know it will happen, so we have to be prepared," says Joseph Ryan, a retired NYPD officer and the chair of the Criminal Justice Department at Pace University.

http://westchester.news12.com/news/terror-expert-says-recent-attacks-can-t-be-accepted-as-new-normal-1.12050248

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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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Hudson Valley News Network: ‘Telehealth’ Program Wins National Award

07/13/2016

Hudson Valley News Network: ‘Telehealth’ Program Wins National Award

. . . TIPS was initially piloted with Pace University’s Seidenberg School of Computer Science & Information Systems and Vital Care Services, a privately held telehealth provider. The success of the pilot resulted in expanding the program, which continues to thrive and grow throughout Westchester.

Read more: http://hudsonvalleynewsnetwork.com/2016/07/11/20160711telehealth-program-wins-national-award/

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