SEMI-MONTHLY NATIONAL AND INTERNATIONAL TOP NEWS COVERAGE FOR DECEMBER 16, 2014-JANUARY 5, 2015

U.S. MEDIA

Racial Bias, Even When We Have Good Intentions

The New York Times - Jan 03, 2015 - But we can isolate the effect of race to some degree. A study I conducted in 2003 with Marianne Bertrand, an economist at the University of Chicago, illustrates how.

If You Want to Meet That Deadline, Play a Trick on Your Mind

The New York Times - Jan 03, 2015 - The farmers in the first group were more likely to set up an account immediately, even though both groups had the same amount of time. That’s because the deadline was in the same year as the assignment and therefore seemed more like the present, said Yanping Tu, a Ph.D. candidate at the Booth School of Business at the University of Chicago. (This article also appears in the Australian Financial Review.)

For Solution to Income Stagnation, Republicans and Democrats Revise Their Playbooks

The New York Times - Dec 29, 2014 - "My long bomb would be enacting a very large human capital strategy," said Austan Goolsbee, the University of Chicago professor who once chaired Mr. Obama's Council of Economic Advisers. For such a plan, Professor Goolsbee would allocate as much as 3 percent of gross domestic product, or more than $500 billion per year "across as many different dimensions as you could," from early education to community colleges to vocational training matching worker skills to employers' needs.

An Economist Goes Christmas Shopping

The New York Times - Dec 19, 2014 - That puts Mr. Waldfogel in line with most economists: Last year, members of the IGM Experts Panel at the University of Chicago Booth School of Business overwhelmingly defended gift-giving as an efficient way for people to show that they care about each other.

An Autopsy for the Keynesians

The Wall Street Journal - Dec 21, 2014 - John Cochrane is a professor of finance at the University of Chicago Booth School of Business, a senior fellow at Stanford University’s Hoover Institution and an adjunct scholar at the Cato Institute.

Letters: An Argument Over Keynesianism’s Supposed Demise

The Wall Street Journal - Dec 28, 2014 - John Cochrane does an excellent job outlining the many reasons for Keynesianism’s flagging popularity as a policy antidote for the continuing challenges faced by the U.S. economy.

7 Psychology Tricks to Make Your Resolutions Stick

Time - Dec 27, 2014 - George Wu, professor at the University of Chicago’s Booth School of Business, and his colleagues recently looked at marathon runners at the bitter end of their races. A huge number of people finished in times that clustered around round numbers, the researchers discovered—like a 4-hour marathon. (This research also was featured in The Business Times.)

The Ulysses Strategy

The New Yorker - Dec 11, 2014 - As the University of Chicago economist Richard Thaler tells the story, a group of fellow-graduate students in economics were at his house one night in the late nineteen-seventies, socializing before the dinner hour. Thaler saw how much they were snacking, and decided to remove the nut bowls from the living room.

Airline changes to frequent-flier programs snub rank-and-file patrons

Los Angeles Times - Dec 30, 2014 - "You don't want to be seen as offering rewards only grudgingly," said Oleg Urminsky, an associate professor of marketing at the University of Chicago's Booth School of Business.

Yes, watching Fox does make you more conservative

Washington Post - Jan 05, 2015 - Matthew Gentzkow, an economist at the University of Chicago and an expert on bias in the media, called the paper "exciting" and "extremely clever."

Fixing the broken talent flow

Washington Post - Dec 19, 2014 - A recent landmark study by economists at the University of Chicago and Stanford University — Chang-Tai Hsieh, Erik Hurst, Charles I. Jones and Peter J. Klenow — attributes one-fifth of America’s productivity and wage gains over the past 50 years to the improved allocation of talent.

The great start-up slowdown

The Washington Post - Dec 17, 2014 - Many economists, such as Luigi Zingales of the University of Chicago, contend those efforts divert resources that could be boosting the economy and sparking more job creation.

Chicago innovators' New Year goals: fitness, CTA, open-ended questions

The Chicago Tribune - Dec 31, 2014 - George Wu, professor of behavioral science, University of Chicago Booth School of Business: Goals are motivating provided that they’re not too challenging and not too easy. To keep motivated, people need specific goals.

Cybersecurity will be key to managing risk and reputation

The Chicago Tribune - Dec 30, 2014 - "The amount of money being poured into cyber security is amazing. Everybody is dealing with this issue," says Ellen Rudnick, executive director of the Polsky Center for Entrepreneurship and Innovation at the University of Chicago Booth School of Business.

Cooling global climate tempers plans for Chicago overseas growth

The Chicago Tribune - Dec 30, 2014 - "China is slowing, the Euro zone is at zero and most emerging markets are slowing significantly from where they had been the last few years," said Randall Kroszner, an economics professor at the University of Chicago's Booth School of Business.

Yes, Japan Lost a Decade. So Did U.S.

Bloomberg View - Dec 16, 2014 - That lost decade is even clearer if we look at productivity. Here, from a 2011 paper by economists Takeo Hoshi of the University of California at San Diego and Anil Kashyap of the University of Chicago Booth School of Business, is a graph of Japanese total factor productivity. As you can see, productivity soared in the '80s, then suddenly flat-lined in the '90s, before resuming growth in the mid-2000s. If that’s not a lost decade, what is?

Here's What Economics Gets Right

Bloomberg View - Dec 31, 2014 - As University of Chicago economist John Cochrane puts it: "Empirical economics has become very fact-oriented in the last 20 years…The stars in their 30s are scraping data off the internet."

Genius Award Economist on Fed Leverage, ObamaCare, Obesity and L.A. Traffic

Huffington Post - Jan 05, 2015 - Interview with Professor Kevin M. Murphy, the George J. Stigler Distinguished Service Professor of Economics at the University of Chicago Booth School of Business.

Why Love And Hate Are So Closely Connected

The Huffington Post - Dec 18, 2014 - University Of Chicago behavioral science professor Nicholas Epley joined HuffPost Live host Caroline Modarressy-Tehrani today to explain just how interconnected love and hate are within the brain.

What moves global stock markets? Lately it’s been news out of Washington, D.C.

MarketWatch - Jan 04, 2015 - The paper was co-written by Scott Baker of the Kellogg School of Management at Northwestern University and Steven Davis of the University of Chicago.

What the brain wants for Christmas

CNN - Dec 22, 2014 - Putting thought into the gift may serve as some protection for you, said Nicholas Epley, professor at the University of Chicago Booth School of Business. But it may not necessarily increase the person's appreciation for the gift.

Dow Tops 18,000 for the First Time; U.S. Economy Grows 5 Percent

CNN International - Dec 23, 2014 - Randall Kroszner is currently professor of University of Chicago Booth School of Business, former member of the Federal Reserve board.

Will global factors sway Fed's rate hike path?

CNBC - Dec 16, 2014 - While the Fed is unlikely to change its tightening course, it will keep an eye on oil prices and Russia, says Austan Goolsbee, Economics Professor at University of Chicago Booth School of Business.

Who has the power over portfolios?

Fox Business - Dec 18, 2014 - University of Chicago Booth School of Business professor and former Economic Adviser to President Obama Austan Goolsbee, SunTrust Senior Market Strategist Keith Lerner, Mark Newton of Greywolf Partners and Chris Robinson of Top Third AG Markets on which leader has the greatest impact on your portfolio.


MEDIA OUTSIDE THE U.S.

America’s Greece?

The Economist - Dec 17, 2014 - Illinois is like Greece in one obvious way: it overpromised and underdelivered on pensions and has little appetite for dealing with the problem, says Hal Weitzman of the University of Chicago Booth School of Business.

The January effect after the Santa rally

The Financial Times - Dec 18, 2014 - Rather than small companies as a whole outperforming, the January effect sees the junkiest, lowest-quality small companies do well. At the same time, in January high quality smaller shares underperform, according to research by Tobias Moskowitz, the Fama family professor of finance at Chicago Booth, as part of a forthcoming paper with colleagues at AQR Capital.

Never have a back-up plan, put your money at stake and don't say 'don't': The tricks psychologists say will make your resolutions stick in 2015

The Daily Mail - Jan 01, 2015 - Why give yourself one tick when you can have 20? It's more gratifying to work towards lots of smaller goals than one enormous (and potentially overwhelming) one. That's according to George Wu, a professor at the University of Chicago's business school.

Why Twitter is a polarizing platform

Livemint.com - Jan 05, 2015 - Recent research by economists Daron Acemoglu of the Massachusetts Institute of Technology (MIT), Ahmed Tahoun of the London Business School and Tarek Hassan of the Booth School of Business establish statistically that Twitter activity led to a surge in anti-establishment protests in Egypt.
 
The Changing Marketing Order 

The Hindu Business Line - Dec 18, 2014 - Prof Pradeep K. Chintagunta, Professor of Marketing, Chicago Booth School of Business, gives a clarion call to eliminate siloed existence (read his analysis of the situation in the article below). "While it might be hard to do, bringing in insights from other disciplines and functions could lead to insights that might have been difficult to identify otherwise," he says. For those who believed that marketers have a ball of a time, there is clearly a lot of hard work that precedes the party.

'Integral part of the strategic calculus'

The Hindu Business Line - Dec 18, 2014 - Prof Pradeep K Chintagunta is the Joseph T. and Bernice S. Lewis Distinguished Service Professor of Marketing at The University of Chicago Booth School of Business.

Wciskanie na siłę kobiet do rad nadzorczych nie poprawa ich pozycji na rynku pracy

Biztok - Dec 11, 2014 - Marianne Bertrand of the University of Chicago Booth School of Business studied the effects of a Norwegian law that required 40 percent representation of each gender on the boards of publicly limited companies in her paper “Breaking the Glass Ceiling? The Effect of Board Quotas on Female Labor Market Outcomes in Norway.”


FACULTY/STAFF/STUDENTS/SCHOOL

The Top Ten MBA Rankings Of 2014

Poets & Quants - Dec 22, 2014 - Nothing shocking about the University of Chicago’s Booth School of Business coming out on top in The Economist‘s 2014 ranking of full-time MBA programs – Booth had won three times in the previous four years. But two American schools rose nine places, and an upstart from Paris leapt far ahead of London Business School and INSEAD.