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India West featured Finance Professor P.V. Viswanath in "Indian American Professor Was Interpreter for Attempt to Save Jewish family During 26/11 Terror Strike"

11/30/2020

India West featured Finance Professor P.V. Viswanath in "Indian American Professor Was Interpreter for Attempt to Save Jewish family During 26/11 Terror Strike"

An Indian American professor, who spoke to one of the Pakistani terrorists in a bid to save a Jewish family held hostage during the 26/11 terror strike in 2008, recalled the eerie calm with which the man spoke. P.V. Viswanath recalled in an article that the terrorist, who identified himself as 'Imran' and was later identified as Imran Babar, demanded to speak to an Indian government official and then wanted one of his fellow terrorists, who was captured, brought to him. Viswanath's family is originally from the Palakkad area in Kerala. He is now a finance professor at Pace University in New York.

Read the full India West article.

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Apple Podcast featured Dr. P.V. Viswanath in "Apple Podcasts Preview"

08/04/2020

Apple Podcast featured Dr. P.V. Viswanath in "Apple Podcasts Preview"

How do we talk about the economic fallout of COVID-19 without going down a Rabbi hole on our favorite topic? We don't. We also don't shy away from puns either. Clearly.On our final episode we talk to Dr. Meylech Viswanath, professor of economics at Pace University about...well, literally everything. He shares some of his incredible journey from Bombay (now Mumbai) to Teaneck, and all the wisdom he learned along the way.Also, B&H. There's a lot of B&H talk.

Listen to the Apple Podcast.

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The Center Square featured Professor of Finance P.V. Viswanath in "Analysis: New York leads all states in residents' interest in loans to make it through pandemic"

07/16/2020

The Center Square featured Professor of Finance P.V. Viswanath in "Analysis: New York leads all states in residents' interest in loans to make it through pandemic"

WalletHub spoke to a number of financial experts to interpret the findings, including P.V. Viswanath, a professor of finance at Pace University’s Lubin School of Business in New York. He warned that while some forms of borrowing may be low-risk, such as from one’s own 403(b) or 401(k) plans – provided borrowing is allowed – other types of loans could create long-term problems.

“Obviously, with such borrowing, as for borrowing from any other source, it is important to have in mind how one will repay the loan,” Viswanath wrote. “Especially if interest rates are high, implications for future cashflow might be severe.”

He suggested that borrowing from family might be a reasonable option for some people, and some credit unions offer favorable interest rates. Credit cards, on the other hand, tend to have higher rates.

Read the full The Center Square article.

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The Torah featured P.V. Viswanath in "Black People in Jewish Tradition: Eliminating Racism Requires Honesty"

06/29/2020

The Torah featured P.V. Viswanath in "Black People in Jewish Tradition: Eliminating Racism Requires Honesty"

Black People in Jewish Tradition: Eliminating Racism Requires Honesty

Like many traditions with a long historical pedigree, Judaism has inherited its share of texts with racial bias. Failure to acknowledge this is one reason for prevalent conscious and subconscious racist views that can be found in the American Orthodox Jewish community—the community of which I am a part—which sometimes reveal themselves in overt statements and actions.

The Image of God

Judaism’s core text, the Torah, begins with the lofty claim that all people derive from the people God created on day six, and as such, all human are created in the image of God:

בראשית א:כז וַיִּבְרָא אֱלֹהִים אֶת הָאָדָם בְּצַלְמוֹ בְּצֶלֶם אֱלֹהִים בָּרָא אֹתוֹ זָכָר וּנְקֵבָה בָּרָא אֹתָם.

Gen 1:27 And God created humanity in His image, in the image of God He created him; male and female He created them.[1]

In the next creation story (Gen 2:4b–3:24), we hear that all human beings descend from Adam and Eve, the first couple. In dealing with the very touchy subject of racism in Jewish society, it is easy to point to the lofty sentiment of the first story and the mytho-historic claims of the second as evidence that prejudice against any group of human beings on any basis, including the basis of color or ethnicity, has no place in Judaism. If all human beings are created in God’s image, and all of us are descended from the same primordial couple, how can the idea that one group of humans is inherently superior to another even be considered?

While this argument is true in theory, in practice religions are complex, and the reality is that Judaism has its share of traditions and texts that express negative views about certain groups, including black people. This is in spite of the fact that Jews themselves, over the centuries, have experienced racism and been the target of racial stereotyping. This connects to the recent trend among many Jews over the past half century or so, in particular American Jews, to see themselves as racially white, not realizing that their (partial and tentative) acceptance as white is a recent phenomenon.[2]

This self-identification with the majority culture seems to have intensified negative attitudes towards people of color. As a non-white South Asian Jew (with, nevertheless, a relatively privileged background), I am sensitive to explicit and implicit racism in our core texts – where other mainstream Jews may overlook it.

Read the full Torah article.

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WalletHub featured Finance Professor P.V. Viswanath in "What are the long-term implications of taking a short-term loan in the context of the current economic crisis?"

06/18/2020

WalletHub featured Finance Professor P.V. Viswanath in "What are the long-term implications of taking a short-term loan in the context of the current economic crisis?"

The coronavirus pandemic has deeply disrupted the U.S. economy, which in turn has hurt the incomes of many Americans. Businesses have been forced to lay off workers as they struggle to survive, which has led to nearly 39 million Americans losing their jobs since the start of the pandemic. While all state economies have begun to at least partially reopen, it will take a long time to reverse the economic damage done by COVID-19, and consequently there has been a surge in the number of Americans who need to borrow money to stay afloat.

Americans who are having trouble with their finances during the COVID-19 pandemic are searching for all sorts of options to relieve the pressure, from home equity loans to payday loans. However, people’s interest in getting these types of loans varies from state to state. In order to determine the states where people are searching for loans the most during the pandemic, WalletHub compared the 50 states and the District of Columbia across four key metrics. These metrics combine internal credit report data with data on Google search increases for three loan-related terms.

Greater interest in getting a loan indicates that more people in the state are struggling to make ends meet. It also implies there may be more strain on the state’s public assistance programs in the near future, and the state may experience a deeper recession than others will. Below, you can see WalletHub’s ranking of the states and D.C., along with a full description of our methodology.

Read the full WalletHub article.

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