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SC Magazine: "U.S. spy program targeting Americans' mobile phones, report says"

11/14/2014

SC Magazine: "U.S. spy program targeting Americans' mobile phones, report says"

. . . “Given the secretive nature of these devices, I can only assume that they are collecting IMSIs (International Mobile Subscriber Identities) coupled with the latitude and longitude of that handset,” Darren Hayes, assistant professor and director of cybersecurity at Pace University's Seidenberg School of Computer Science and Information Systems, told SCMagazine.com in a Friday email correspondence.

Read more: http://www.scmagazine.com/doj-devices-on-airplanes-gather-mobile-phone-data/article/383474/

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Variety: "DreamWorks Animation Sale to Hasbro Hinges on Control, Price"

11/14/2014

Variety: "DreamWorks Animation Sale to Hasbro Hinges on Control, Price"

. . . “Hasbro today has enjoyed mega success with its ‘Transformers’ property in four live action films,” said Paul Kurnit, a clinical professor of marketing at Pace University’s Lubin School of Business. He’s also a former president of ad agency Griffin Bacal, whose client roster included Hasbro. “The Hasbro library could potentially profit enormously by new animated imaginations of many of their properties for the large screen and for video release. DreamWorks could be just the magical collaboration to make those dreams come true.”

Read more: http://variety.com/2014/biz/news/dreamworks-animation-sale-to-hasbro-hinges-on-control-price-1201355699/

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TechNewsWorld: "Americans Flip-Flop on Personal Data Privacy"

11/14/2014

TechNewsWorld: "Americans Flip-Flop on Personal Data Privacy"

. . . "At the generic level, most people are concerned about privacy, and more are concerned about it than will do anything about it," Larry Chiagouris, a professor of marketing at Pace University, told TechNewsWorld.

"If the privacy that's promised results in people not having access to sites they want to access, they'll say to hell with privacy, because they know there's so much data that's being collected about them from sources other than the Internet," he pointed out.

Read more: http://www.technewsworld.com/story/81343.html

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Education Update: "Pace University’s Celebration of Individuals with Disabilities in Film"

11/14/2014

Education Update: "Pace University’s Celebration of Individuals with Disabilities in Film"

Film media is playing a critical role in educating the public about the lives of people with disabilities. It also plays a vital role (think: YouTube, social media) in enabling people facing disability to express their hopes and dreams. Through film they can inform the populace on what would help make a more inclusive society.

Film hasn’t always been an accurate medium for these concerns. Traditionally, Hollywood would only depict a character with a disability if a) they had an extraordinary skill (such as Rain Man, the savant) and b) only a non-disabled actor/actress would play that character. A child with Down Syndrome, for example, was generally depicted as a cute youngster, and not during the years when he/she grew into adulthood and the characteristics of Down Syndrome became more evident.

Pace University’s Celebration of Individuals with Disabilities in Film is trying to rectify this challenging situation. Organized by the Seidenberg School of Pace University and AHRC NYC, it provides an opportunity for students, faculty, community advocates and individuals with disabilities and their families, to view films, that they chose, and to participate in a thought-provoking discussion with filmmakers, city officials, and other experts (including individuals with disabilities).

Read more: http://www.educationupdate.com/archives/2014/NOV/HTML/spec-paceuniversity.html#.VGRbyslcmNE

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Westchester Magazine: "The Business Behind Westchester’s Nonprofits"

11/13/2014

Westchester Magazine: "The Business Behind Westchester’s Nonprofits"

. . . Impact investing (investments whose purpose is to generate both a financial return and a measurable social impact) is a related funding source that’s gaining popularity, notes Rebecca Tekula, executive director of Wilson Center for Social Entrepreneurship and an assistant professor at Pace University. “These are investments made by foundations and other institutional investors that support charitable activities but have a potential return of capital,” she explains. “Impact investing is a real game changer that goes beyond corporate responsibility.”

Tekula points out that foundations often sit on an endowment that is managed to protect or grow the principal while spending only the legally required 5 percent for charitable purposes (though Tekula notes most spend more than the required minimum). With impact investing, “we’re starting to see capital invested for social causes instead of purely monetary returns,” she says, noting that the potential is huge. “You’re talking about billions of dollars in Westchester. It’s money that lives in Westchester but doesn’t always work for Westchester,” she says. Foundations based in the county have $3 billion in assets, according to the economic impact study from Pace. The move by nonprofits to set up for-profit arms and benefit corporations will help them tap this funding.

Read more: http://www.westchestermagazine.com/914-INC/Q4-2014/The-Business-Behind-W...

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CNBC: "Next for banks: Layoffs, chat smackdown, more regs"

11/13/2014

CNBC: "Next for banks: Layoffs, chat smackdown, more regs"

For banks at the center of the recent foreign exchange investigation, paying the $3.4 billion in fines might be the easy part.

The aftermath, filled with more intense regulations and scrutiny as well as prospects of layoffs and continuing probes into their activity, make for an even murkier future, according to those familiar with the investigation and the ensuing fallout among the misbehaving institutions.

"This is really beginning to bite," said John Alan James, a professor at Pace University's School of Business and author of multiple books on corporate governance in the banking industry. "It's time for a pause."

James is an advocate of easing the pressure on banks, which have come under continued scrutiny since triggering the financial crisis of the past decade. He believes the regulatory burden not only hurts the banks themselves but also the broader economy as institutions remain reluctant to lend.

"You've got to really think about the impact that you're having through reduced loan capacity on the national economy," he said.

Read more: http://www.cnbc.com/id/102178243

 

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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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