SEMI-MONTHLY NATIONAL AND INTERNATIONAL TOP NEWS COVERAGE FOR AUGUST 17-31, 2015

U.S. Media

How Emotion Hurts Stock Returns

New York Times - Aug 24, 2015 - As investors watched global stock markets tumble, the behavioral economist Richard Thaler, who is also an occasional contributor to The New York Times, offered the following advice: “Inhale, exhale. Repeat. Then watch ESPN.”

The Real-World Test Your Startup Needs to Raise Money

The Wall Street Journal - Aug 27, 2015 - James Schrager is a clinical professor of entrepreneurship and strategic management at the University of Chicago Booth School of Business.

Raghuram Rajan's Common Man Theory on Inflation

Wall Street Journal (blog) - Aug 24, 2015 - India’s inflation has eased in recent months but not as far as the man or woman on the street is concerned, and that poses a challenge, Raghuram Rajan, governor of the country’s central bank said Monday. Mr. Rajan, who is on leave from his position as a finance professor at the Booth School of Business in Chicago, donned his metaphorical mortar board on Monday to explain to a room full of bankers and executives in Mumbai why he hasn’t been in a rush to cut interest rates.

Impatient People Can’t Wait to Procrastinate

New York Magazine - Aug 27, 2015 - But instead of offering cash, as psychologists who run this sort of study normally do, Reuben and his colleagues offered checks, so that they could track how long it took the study participants — all MBA students at the University of Chicago — to cash them.

Don't panic about stocks. It's not 2008 all over again, economist says

NPR - Aug 25, 2015 - The big price drops on Wall Street in recent days have had many people worried. We asked people on social media to send us some questions about the stock market volatility and we turned to economist Austan Goolsbee for answers. NPR's Ari Shapiro spoke with Goolsbee, who was chairman of the White House Council of Economic Advisers earlier in the Obama administration and is now an economics professor at the University of Chicago. Also on WBEZ Radio.

The PhD Project Announces 2015 Inductees Into Hall of Fame

PR Newswire/Bloomberg/Fox News - Aug 27, 2015 - He (Dr. Michael B. Clement) has been an advocate for The Project ever since. He was recently named the KPMG Professor, Department of Accounting at the University of Texas at Austin and he is also the director of the department's Ph.D. program. Dr. Clement received his B.B.A. from Baruch College, his M.B.A. from the University of Chicago, and his Ph.D. from Stanford University.

Fed at Jackson Hole: Gearing Up to Hike Amidst Rocky Terrain

Bloomberg/The Washington Post - Aug 31, 2015 - “He was very clear that September is still on the table, though he made no promise about it,” said Randall Kroszner, an economics professor at the University of Chicago and a former Fed governor who attended Jackson Hole.

Dennis Chookaszian and David Wroe Join Vlocity Strategic Advisory Board to Advance the Insurance Industry Cloud

Bloomberg Business - Aug 20, 2015 - Vlocity, Inc., the Industry Cloud company, today announced the formation of a strategic advisory board for the Insurance Industry Cloud, with Dennis Chookaszian and David Wroe appointed as founding members. Chookaszian is currently an adjunct professor at the University of Chicago Booth School of Business and has held board and advisory positions at over sixty companies including the Chicago Mercantile Exchange, Loews Corporation, and the CNA Financial Corporation. Article also in Yahoo Finance, Morning Star Virtual Strategy Magazine, Consumer Electronics and Technology Today.

Fed's easing dilemma

CNBC/MSN/Huffington Post - Aug 31, 2015 - Joe Davis, Vanguard chief economist, and Austan Goolsbee, Booth School of Business, share their thoughts on the likelihood of an interest rate hike in September, and provide insight to the slowdown in China.

Dow closes more than 200 points lower

MSN (video) - Aug 26, 2015 - CNN's Richard Quest discusses concerns about global growth with Austan Goolsbee, Professor of Economics at University of Chicago.

KPMG Forms Exclusive Alliance with Fintech Platform Matchi, Enhancing Global Access to Financial Service Innovation

PR Newswire/Yahoo/Money - Aug 31, 2015 - In order to further develop the market's understanding of the emerging fintech sector, KPMG is announcing a research collaboration with the Cambridge Centre for Alternative Finance at the University of Cambridge Judge Business School and its academic partners - the Polsky Centre for Entrepreneurship & Innovation at University of Chicago Booth School of Business.

An Easy Way to Get Americans to Save More Money

The Atlantic - Aug 27, 2015 - The paper, authored by John Beshears, David Laibson, and Brigitte C. Madrian of Harvard; James J. Choi of Yale; Christopher Harris of Cambridge; and Jung Sakong of University of Chicago, looked at the savings habits of 1,045 adults who were offered accounts with varying levels of restrictiveness in order to see how higher penalties on withdrawals affected savings behavior.

Upstart IEX criticizes NYSE for plan to charge a premium for trade data

MarketWatch - Aug 21, 2015 - Research by Chicago Booth Professor Haresh Sapra and colleagues from the University of Illinois at Urbana-Champaign and the University of Minnesota confirms Wachtell’s concerns. Their conclusion: Investors’ short attention spans hurt long-term returns when company executives react to the clamor for short-term results by reporting too frequently and then attempting to meet heightened expectations by any means possible. Not everyone agrees.

Michael Jordan's $8.9M verdict offers valuable lesson for firms, athletes

Chicago Tribune - Aug 24, 2015 - Jordan's sponsors will be pleased that he pursued the case so aggressively, said University of Chicago economics professor John Huizinga. Huizinga, who acted as Chinese basketball star Yao Ming's agent, said that unlike Jordan, many athletes are content to let their sponsors police the exclusivity of their contracts.

Entrepreneur Mark Tebbe draws on 'real-world experience' in classroom

Chicago Tribune - Aug 20, 2015 - Mark Tebbe, chairman of ChicagoNext, the tech council of World Business Chicago, says he brings a “been there, done that, seen that” mentality to his role of adjunct professor of entrepreneurship at the University of Chicago's Booth School of Business. Tebbe, an entrepreneur-in-residence at Booth’s Polsky Center for Entrepreneurship and Innovation, talks about the ideas he shares with his students, the advantages he offers as an entrepreneur and more.

Forget Amazon's Rank-and-Yank: How to Conduct a Constructive Performance Review

Inc. - Aug 20, 2015 - Professor Emeritus Joshua Klayman writes, "Want to motivate people to perform better? Frightening them probably isn’t the answer. Focus on the future and don’t argue too much about reasons for good or bad performance in the past. Objective, actionable feedback is the key."

Want to Lessen Volatility of Financial Markets? Express Your Thoughts Online!

Huffington Post (blog) - Aug 18, 2015 - AbleMarkets analysis shows that when people discuss their beliefs online, they make their previously private information public, and stabilize the markets. The phenomenon is consistent with academic theories of Finance. One of the theories, the Efficient Market Hypothesis, was first posited by Eugene Fama of University of Chicago in the 1970s, long before the Internet existed as we know it today.

U of C-born app aims to make life easier for doctors

Crain's - Aug 28, 2015 - Tap Recorder is part of this summer's accelerator program at the University of Chicago's Polsky Center for Entrepreneurship and Innovation.

Help! Should I tell my boss I'm getting an online MBA?

Crain's Chicago Business - Aug 22, 2015 - Online MBAs are gaining traction as top 10 business schools like Stanford University's Graduate School of Business and, closer to home, the Booth School of Business at the University of Chicago experiment with different approaches. According to U.S. News & World Report, at least 220 schools in the U.S. offer some sort of online option.

How Chicago-area MBA programs compare

Crain's Chicago Business - Aug 22, 2015 - MBA programs are becoming more flexible and specialized to fit students' schedules and employers' demands. A perfectly fitted program can help get you closer to your goals, but finding it among the abundant choices isn't always easy. Facts on Chicago Booth are included in this article.


Media Outside the U.S.

Eight most influential business books of the year

The Economic Times - Aug 20, 2015 - Misbehaving by Richard H Thaler: Thaler is an economist at the University of Chicago Booth School of Business best known as 'the father of behavioural economics'. In traditional economics, people are presumed to be purely rational actors; in reality, people's decisions are also influenced by biases and impulses that often have nothing to do with logic. 'Misbehaving' serves as an introduction into Thaler's way of understanding markets and it is full of his colourful wit. Also in Securities, Stock, Stock News and Market (Vietnam).

2016 Top 10 MBA Program Application Essay Topics

Sina.com - Aug 17, 2015 - 10. University of Chicago (Booth)2015-16 Essay: Chicago Booth values individuality because of what we can learn from the diverse experiences and perspectives of others. This mutual respect creates an open-minded community that supports curiosity, inspires us to think more broadly, take risks, and challenge assumptions. At Booth, community is about collaborative thinking and tapping into each other's different viewpoints to cultivate new ideas and realize breakthrough moments every day. Using one of the photos provided, tell us how it resonates with your own viewpoint on why the Booth community is the right fit for you.

This Sunday, IISc Felicitates Five Distinguished Alumni

New Indian Express - Aug 25, 2015 - The Indian Institute of Science (IISc) will confer the prestigious Distinguished Alumnus Awards on five alumni who have made a mark in their respective fields on Sunday. The awardees are A. S. Kiran Kumar, Prof. Sunil Kumar, K S R Charan Reddy, Dr. Subhash C Singhal and Prof. Mitter Vedu. ...Sunil Kumar is Dean and George Pratt Shultz Professor of Operations Management at the University of Chicago’s Booth School of Business. He was an outstanding Master of Engineering student in the Department of Computer Science and Automation at IISc during 1990-92, where he was awarded the N. R. Khambati Medal.


Alumni

This Neal Simon script has gold-plated names like Bronfman and Rothschild

Washington Post - Aug 18, 2015 - Neal Simon has run five companies, and each time he has hired or teamed with smart people who make him look good.Last week, he sold Highline Wealth Management, his Rockville-based company, to Bronfman E.L. Rothschild, which features two of the most respected family names in world finance. He graduated from Brown University, where he studied applied mathematics and economics. He also has an MBA from the University of Chicago.

Blue Valley Ban Corp. Announces New Corporate Director

CNBC - Aug 20, 2015 - Blue Valley Ban Corp. today announced the appointment of a new director, Mr. Tony Scavuzzo, CFA, to the Company’s Board of Directors. Mr. Scavuzzo holds a M.B.A. in Finance, Accounting, and Entrepreneurship from the University of Chicago Booth School of Business and a B.B.A. in Finance from the University of Iowa. He is also a CFA Charterholder. Article also in Yahoo Finance, Morningstar, Business Wire, Bloomberg, Benzinga and InvestorPoint.

Going Up Against Big Carnation

Bloomberg - Aug 20, 2015 - BloomNation’s founders, Farbod Shoraka, David Daneshgar, and Gregg Weisstein, set out to create a different kind of e-commerce platform when they started the business in 2011—“an Etsy for flowers,” in Shoraka’s words. Daneshgar, a 2008 World Series of Poker champion, put up $30,000 of his take plus some seed money he won in a competition for startups at the University of Chicago Booth School of Business, where he was getting his MBA.

Mark Peters Named Idaho National Lab Director

Bloomberg - Aug 20, 2015 - Ron Townsend, Chair of Battelle Energy Alliance's Board of Managers, announced today that Mark Peters, Ph.D., will be the next director of Idaho National Laboratory. Peters earned his doctorate in Geophysical Sciences from the University of Chicago and his bachelor's degree in Geology from Auburn University. He has also received extensive management and leadership education and training, including completion of the Strategic Laboratory Leadership Program at the University of Chicago Booth School of Business. Also in Yahoo Finance, Morningstar, TD Waterhouse, InvestorPoint, U.S. Politics Today, Digital Journal, Sys-Con.

Phoenix Footwear Reports Second Quarter 2015 Results

Bloomberg Businessweek - Aug 18, 2015 - Phoenix Announces the Appointment of David G. Whalen to the Board of Directors. Mr. Whalen graduated from Trinity College and received his MBA from the University of Chicago's Booth School of Business. Also in Yahoo Finance, Morningtstar, Benzinga, Business Wire and Enhanced Online News.

Hudson's Bay Company Appoints Janet Schalk as Chief Information Officer

Bloomberg Businessweek - Aug 18, 2015 - In this role, Ms. Schalk will be responsible for leading the information technology strategy for HBC. Ms. Schalk holds an MBA from the University of Chicago Graduate School of Business and a Bachelor of Arts degree in Mathematics and Economics from Northwestern University. Also in Yahoo Finance, Morningstar, Benzinga, Business Wire and Sys-Con.

Nuveen Investments Hires Multi-Asset Class Solutions Expert, Derek Sasveld

Bloomberg Businessweek - Aug 17, 2015 - Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, is pleased to announce it has hired Derek Sasveld as Managing Director, Head of Multi-Asset Class Solutions. He received his MBA from The University of Chicago Booth School of Business. Article also appeared in Yahoo Finance (US, UK, Singapore and India), Morningstar News, Benzinga and Business Wire.

AgroFresh Solutions Appoints Margaret M. (Margo) Loebl Executive Vice President and Chief Financial Officer

MarketWatch/Yahoo Finance - Aug 27, 2015 - AgroFresh Solutions, Inc. announced today that it has appointed Margaret M. (Margo) Loebl to serve as Executive Vice President and Chief Financial Officer, effective September 21, 2015.

Ascent Aerospace Appoints Karthik Ganapathi to Customer Service Director

Yahoo Finance - Aug 18, 2015 - Mr. Ganapathi has an MBA from The University of Chicago Graduate School of Business, a Master of Science in Materials Engineering from Missouri University of Science and Technology and a Bachelor of Engineering in Metallurgical Engineering from National Institute of Technology, India. Also on local ABC, CBS, NBC and Fox channels.

Want to build a business? Founder of Grabbagreen tells you how it's done

ABC 15 Arizona - Aug 28, 2015 - Keely Newman may be a graduate of the University of Chicago’s business school, but she was a stay-at-home Mom when she and her childhood friend, Kelley Bird, made the leap into the business world in a big way.

Style that makes a splash: Designer Megan Winters goes for it in Lake Forest

Chicago Tribune - Aug 31, 2015 - In fact, Winters figures out how to do just about everything on her own, armed with an MBA from the University of Chicago; 17 years of hard core business experience running a high-end packaging company that she built into an industry powerhouse; and sheer good taste fostered and honed doing a series of homes for herself and buildings for her packaging business.

St. Charles Public Library to Offer Programs for Small Business Owners

Chicago Tribune - Aug 25, 2015 - The St. Charles Public Library will host "Write Your Business Plan Using Library Resources" on Tuesday, September 1 from 6:30-8:00 p.m. in the Huntley Meeting Room. A representative from SCORE, Jack Curley, will guide small business owners through the process of writing a business plan. Mr. Curley received his MBA from the University of Chicago Booth School of Business.

Deutsche Boerse names Ashwin Kumar as head of product development

Reuters - Aug 31, 2015 - He (Ashwin Kumar) graduated (MBA) from University of Chicago and Purdue University (BS in Industrial Management).

This firm wants to bring private equity, venture capital investing to the . . . masses?

Crain's Chicago Business - Aug 22, 2015 - Founded in 2008, Cedar Capital has unorthodox roots. Peplinski, 44, co-founded the firm with now-CEO Paul Ingersoll, 49, not long after the pair met at the University of Chicago Booth School of Business. Before heading to Booth, Cedar Chief Investment Officer Neil Peplinski had been an electrical engineer at Motorola, designing equipment for cellular towers.