SEMI-MONTHLY NATIONAL AND INTERNATIONAL TOP NEWS COVERAGE FOR SEPTEMBER 1-30, 2015

U.S. MEDIA

B-Schools Target Women

The Wall Street Journal - Sep 30, 2015 - Meanwhile, schools like the Tuck School of Business at Dartmouth College and the University of Chicago’s Booth School of Business are touting increased female M.B.A. enrollment in this year’s entering classes—at 42% and 41%, respectively—in an effort to attract still more women.

Drug companies are reeling after the Martin Shkreli incident — and it could shake up the entire industry

Business Insider - Sep 30, 2015 - Sam Peltzman, a health economist and professor at the University of Chicago, says Shkreli's justification was bogus because it was backward.

Family foundation gives $100 million to U of C

Chicago Sun Times - Sep 30, 2015 - The donation comes five years after the university’s business school received a $300 million gift from investment firm CEO David G. Booth — for which the business school was renamed.

University of Chicago gets $100M donation for global conflict institute

USA Today - Sep 30, 2015 - In 2008, alumnus David Booth gave $300 million to the university’s graduate school of business, which was renamed the University of Chicago Booth School of Business.

U. of Chicago given $100 million to launch conflict resolution center

The Washington Post - Sep 30, 2015 - In 2008, the university received its largest gift ever, $300 million from alumnus David Booth to benefit the graduate business school. The business school was then named for him.

Pearson Brothers Give $100 Million to University of Chicago

Bloomberg - Sep 30, 2015 -The university’s largest gift was from David Booth, an alumnus and founder of Dimensional Fund Advisors, who gave $300 million in 2008 to the business school, which was renamed the University of Chicago Booth School of Business.

Behaviorists Show the U.S. How to Improve Government Operations

New York Times - Sep 29, 2015 -“Almost any domain that they let us go in, we could figure out some way of making at least modest improvements in what they’re doing,” said the University of Chicago economist Richard Thaler, one of the founders of behavioral economics and a leading advocate of governments making use of what he calls “nudges.”

The Young People Who Got Screwed by a Strong Economy

Bloomberg - Sep 29, 2015 -That’s the story sketched out in a new working paper, published by National Bureau of Economic Research, from professors Kerwin Kofi Charles and Erik Hurst at the University of Chicago and Matthew Notowidigdo of Northwestern University.

U of I, Kellogg and Booth are tops for bankable entrepreneurs

Crain's - Sep 28, 2015 -Among MBA programs, however, Northwestern's Kellogg School of Management was No. 5, and University of Chicago's Booth School of Business was No. 8.

The 6 most influential business books of 2015

Business Insider - Sep 28, 2015 - (Richard) Thaler is an economist at the University of Chicago Booth School of Business best known as “the father of behavioral economics.”

The Word From Wall Street: Be Passive, Make Money

Yahoo! - Sep 28, 2015 - Because information about companies is so quickly shared in the market these days, it’s hard for a money manager to add enough value to warrant extra costs, says Nobel Prize-winning economist Eugene Fama, who teaches at the University of Chicago.

MBA Starting Pay Rises At Chicago Booth

Poets & Quants - Sep 28, 2015 - In one of the first MBA employment reports for the Class of 2015, the University of Chicago’s Booth School of Business showed that the consulting bump helped to push overall median salaries for its MBAs to a record $125,000, a $5,000 increase from a year earlier.

Harvard, Wharton Startups Beat Stanford In VC Funding

Poets & Quants - Sep 27, 2015 - Women played a crucial role in allowing Northwestern’s Kellogg School to beat Chicago Booth as well. Female MBAs from Kellogg raised more than eight times the VC funding as their Booth counterparts, $134 million vs. a mere $16 million, respectively.

Carlyle Group is learning to manage adversity

The Washington Post - Sep 26, 2015 -There is no disputing Carlyle’s chops as a leveraged-buyout shop, said Steve Kaplan, a finance professor at the University of Chicago’s Booth School of Business.

Why you might think your doctor is 'personally empty'

The Washington Post - Sep 25, 2015 - "Patients believe physicians are like empty vessels," Juliana Schroeder, an assistant professor of management at the University of California at Berkeley, and Ayelet Fishbach, a professor of behavioral science and marketing at the University of Chicago, wrote. ". . . We provide evidence that when in greater need of health care, individuals perceive physicians as lacking personal attributes and not having personal lives but want physicians who have patient focused attributes."

Women Who Bring Home the Bacon Are More Likely to Do the Chores, Too—and Get Divorced

Chicago Magazine - Sep 24, 2015 -The next day, a new study led by University of Chicago economist Marianne Bertrand popped up in my feed, which explains why that might be the case.

When Patients Ignore Doctors' Emotions

The Atlantic - Sep 24, 2015 - A study done by Juliana Schroeder of the University of California, Berkeley, and Ayelet Fishbach of the University of Chicago surveyed patients on their personal experiences with doctors, as well as having them rate the emotionality and agency of fictional doctors and dentists.

Does a minimum wage raise hurt workers? Economists say: We don't know

Los Angeles Times - Sep 23, 2015 -The Initiative on Global Markets at the University of Chicago's Booth School of Business polled 42 nationally ranked economists on the fundamental question of whether raising the federal minimum wage to $15 over five years would substantially reduce employment of low-wage workers. the most common answer was: "uncertain."

Is He Selling You a Stock? Or a Big Fat Lie?

Bloomberg - Sep 23, 2015 - Groups of people are better at detecting lies than a lone individual, according to a 2015 paper by researchers at the University of Chicago Booth School of Business.

What Jamie Dimon Gets Wrong About iPhones and Inequality

Huffington Post - Sep 22, 2015 - A paper by Orazio Attanasio of University College London, Erik Hurst of the University of Chicago and Luigi of Stanford University found that contrary to the idea that “the increase in consumption inequality is still an open debate ... consumption inequality increased substantially” between 1980 and 2010.

Schools Succeed In Attracting More Women

Poets & Quants - Sep 22, 2015 - Chicago Booth increased its incoming class of female MBAs to 41%, a five-percentage-point gain.

How Modi's Visit to Facebook Could Help Reverse India's Brain Drain

Huffington Post - Sep 22, 2015 - This despite the fact that (Raghuran) Rajan, who was appointed by the previous prime minister from another party, did maintain his Indian citizenship when he lived in the U.S. as a renowned academic at the University of Chicago for many years.

This will really make Americans save

USA Today - Sep 20, 2015 - That's why Benartzi and Richard Thaler of the University of Chicago developed the Save More Tomorrow model.

Fed Up? Or Not

MSN - Sep 18, 2015 - As the U.S. Federal Reserve give its interest decision, Ian King speaks to Randall Kroszner from Chicago, who used to be a member of the board.

Uber defends surge pricing with NYC case study

CBS - Sep 18, 2015 - The case study, conducted with Chris Nosko, a University of Chicago economics professor, Uber's research head Jonathan Hall and data scientist Cory Kendrick looked at the rides, costs and completed fares after a sold-out Ariana Grande concert at Madison Square Garden in March and the same metrics for a portion of New Year's Eve 2014.

India central bank chief Rajan: key task to keep inflation low

Reuters - Sep 18, 2015 - RBI governor Raghuram Rajan, however, said any move in India would have to consider long-term inflation implications.

Rajan warns against chasing economic growth too fast

Reuters - Sep 18, 2015 - Reserve Bank of India Governor Raghuram Rajan is under growing pressure, from industry and from within the government, to cut interest rates as India's economic growth stutters and inflation cools.

Brazil Shows Emerging Markets What Not to Do, India's Rajan Says

Bloomberg/Gulf News - Sep 18, 2015 - Brazil provides a cautionary tale to the world on the perils of trying to grow too fast, according to Indian central bank Governor Raghuram Rajan.

Uber Has New Data on How Surge Pricing Is Good for You (and Uber)

Slate - Sep 18, 2015 - The short paper, which was put together by two people at Uber along with Chris Nosko, a professor at the University of Chicago’s Booth School of Business, mostly serves to confirm what Uber has been telling us all along: that the function of surge pricing is to bring supply in line with demand.

Breaking News: Fed announcement on interest rates

Yahoo! - Sep 17, 2015 - Yahoo Finance Editor-in-Chief Andy Serwer and Senior Columnist Michael Santoli will be joined by Austan Goolsbee, former Chairman of the White House Council of Economic Advisors and Mark Zandi, Moody's Chief Economist with complete analysis of what this will mean for the U.S. economy, home loans, the stock market and more.

Sporting fixtures influence the MBA classroom

Financial Times - Sep 17, 2015 - Shortly afterwards, Tuck School of Business hosted the 32nd MBA Soccer World Cup. Sixteen teams from 10 different schools fought for the Cup, which the University of Chicago Booth School of Business eventually won.

FED & THE ECONOMY

CNBC Nightly Business Report - Sep 17, 2015 - Tonight on Nightly Business Report, why the Federal Reserve decided that now is not the right time to raise interest rates. Interview with Randy Kroszner, Chicago Booth School of Business.

Fed often behind the curve: Pro

CNBC/MSN/Yahoo! - Sep 17, 2015 - Fed often behind the curve: Pro22 Hours AgoGary Stern, Fmr. Minneapolis Fed, and Randy Kroszner , Fmr. Fed Governor, react to the Fed's decision to leave rates unchanged.

Participant from last Fed hike sees parallels with today’s situation

MarketWatch/MSN - Sep 17, 2015 - A close look at the June 2006 meeting of the Federal Open Market Committee contains some overlooked parallels with today, said Randall Kroszner. Kroszner, who now teaches economics at the University of Chicago, was a Fed governor at the time.

Uber's surge pricing is good for you, Uber study says

Fortune - Sep 17, 2015 - The study, conducted in partnership with Chris Nosko, a marketing professor, at the University of Chicago’s Booth School of Business, tries to make the case that the company’s price hikes are great for passengers, overall.

Can a doctored photo save your retirement?

CNBC - Sep 16, 2015 - That's why Benartzi and Richard Thaler of the University of Chicago developed the Save More Tomorrow model. Instead of asking people to save enough for a time far later in life, participants pledge to increase their retirement savings contributions every time they get a raise.

President Obama Orders Behavioral Experiments on American Public

Fox - Sep 15, 2015 - The initiative draws on research from University of Chicago economist Richard Thaler and Harvard law school professor Cass Sunstein, who was also dubbed Obama’s regulatory czar.

Are the U.S. employment numbers a warning sign to Fed?

MSN (video) - Sep 04, 2015 -  Economics Professor Austan Goolsbee gives CNN's Paula Newton his take on what the U.S. employment numbers could mean to the Federal Reserve. Also on CNN.com International.

A case that Costco and other warehouse clubs have transformed retail more than Amazon

The Washington Post - Sep 03, 2015 - Ali Hortacsu and Chad Syverson of the University of Chicago studied how the structure of the retail sector has changed over the last 15 to 20 years, and, in a new National Bureau of Economic Research working paper, make the case that warehouse clubs have had a greater effect on the retail landscape than e-commerce.

The Business Schools Where Students Most Want To Go In 2015

Forbes - Sep 03, 2015 - 14. University of Chicago Booth School of Business

What's the biggest change in retailing today?

CBS News - Sep 03, 2015 -
That's warehouse clubs and superstores, according to a new working paper published by the National Bureau of Economic Research from University of Chicago researchers Ali Hortaçsu and Chad Syverson.

How America Lost Track of Ben Franklin’s Definition of Success

The Atlantic - Sep 02, 2015 -JOHN PAUL ROLLERT is an adjunct associate professor at the University of Chicago's Booth Business School. He has written for The New York Times, Boston Review, and The Los Angeles Review of Books.

For startups, investors aren't just funders—they're 'pattern recognition' experts

Crain's - Sep 01, 2015 - On Aug. 21, four startups in the Pritzker Group Venture Fellows from Northwestern University's Kellogg School of Management and the University of Chicago's Booth School of Business competed in a pitch contest.


MEDIA OUTSIDE THE U.S.

What is the 'balance of payments deficit' that Labour keeps talking about?

The Telegraph - Sep 30, 2015 - Austan Goolsbee, of Chicago's Booth School of Business, said: "Banning all imports would increase [the] trade surplus but be idiotic." Several of the economists polled decried the concept as "mercantilism."

Almost every economist agrees: Uber makes us better off

The Telegraph - Sep 30, 2015 - For example, all 40 influential economists polled by the Chicago Booth School of Business thought they benefited consumers. In the words of Christopher Udry, a professor of economics at Yale: "This is a situation in which the simple economics are very persuasive."

He has lost his MBA "A"?

Le nouvel Economiste - Sep 25, 2015 - (Translation) "If this revolution are MBA programs for 20 years, is above all to meet the economic, global changes but also local" observes Intan Chen, director of the Executive MBA from the Booth School of Business.

Accommodation costs for students: Expensive digs

The Economist - Sep 29, 2015 - Chicago Booth suggests $18,000 and New York University $19,700.

All credit to them

The Economist - Sep 24, 2015 - An NBER working paper* published this week by Sumit Agarwal of the National University of Singapore, Souphala Chomsisengphet of the Treasury Department, Neale Mahoney of the University of Chicago and Johannes Stroebel of New York University looks at data from hundreds of millions of credit cards from 2008 to 2014 to work out why the results were so disappointing.

Stephen A. Ross receives Deutsche Bank Prize in Financial Economics 2015

Bloomberg/Finanznachrichten - Sep 24, 2015 - The panel will include Eugene F. Fama, winner of the Deutsche Bank Prize 2005 and Nobel Laureate 2013, Martin F. Hellwig, Director of the Max Planck Institute for Research on Collective Goods, and Josef Zechner, CFS Jury member 2005 and Professor of Finance and Investments at WU Vienna University of Economics and Business.

Taking stock of the human side of the investment game

Irish Times - Sep 22, 2015 - So says Richard Thaler in his latest work, Misbehaving, which reflects on “how economics became behavioural” over the last four decades.

QLC invites applications from Qataris for courses

Gulf Times - Sep 20, 2015 - QLC’s interactive modules are offered in collaboration with leading institutions, such as Harvard University, the University of Cambridge Executive Education, the University of Chicago Booth School of Business, Duke Corporate Education and HEC Paris.

Yellen gives investors a world of worry

Financial Times - Sep 18, 2015 - However Randall Kroszner, a professor at the University of Chicago Booth School of Business who is a former Fed governor, said that he did not detect any changes in the Fed’s strategy and that, given its instinctive institutional caution, it was natural that it would pause in the face of adverse global developments.

RBI Governor Raghuram Rajan talks of strong institutions, slams 'jugaad'

India Times - Sep 18, 2015 - Coming down hard on quick fixes like 'jugaad' way of working, Reserve Bank Governor Raghuram Rajan today did some plainspeak, saying the key to sustainable growth is strong institutional mechanisms that allow businesses to flourish.

Why Uber's surge pricing is good for you, according to Uber

The Telegraph - Sep 18, 2015 - Not so, according to a study released by Uber, put together by two of its economists and a professor at the University of Chicago.

Raghuram Rajan’s key task is to keep inflation low.

Reuters/Business Insider/Yahoo! - Sep 18, 2015 - Raghuram Rajan, head of the Reserve Bank of India, under pressure from the government and corporate, to cut rates, said on Friday that his greatest task would be to keep inflation low not just now, but in the future as well.

The 4 ways postgraduate students can fund an MBA degree

The Independent - Sep 17, 2015 - It has also funded degrees at more than 60 of the of FT Top 100 ranked business schools, including INSEAD, Wharton, Chicago Booth, Columbia Business School, London Business School, NUS, Saïd Business School (Oxford University), and Stanford.

Economics with people in the main role

Parkiet - Sep 15, 2015 - (Translation) Behavioral approach is common in economics, and the results of this spirit of research are published in all leading economic journals - says Richard H. Thaler, one of the founders of behavioral economics, lecturer at the Booth School of Business at the University of Chicago.

ALUMNI

AudioEye, Inc. Announces New Board Member

Bloomberg/CNBC/Marketwired - Sep 30, 2015 - Mr. (Alex) Zyngier holds an MBA in Finance and Accounting from the University of Chicago and a BSc. in Chemical Engineering from UNICAMP in Brazil.

AllTranstek Hires Nicole Lev Ross as Vice President of Strategy and Consulting

Globe Newswire/Bloomberg/Yahoo! - Sep 30, 2015 - Ms. Lev Ross holds an International MBA from The University of Chicago Booth School of Business, a BBA from The University of Iowa, and she studied at Fundação Getulio Vargas in São Paulo, Brazil and La Universidad de Las Américas in Puebla, México.

CLARCOR Appoints New President of the CLARCOR Engine/Mobile Filtration Group

Business Wire/CNBC/MarketWatch - Sep 29, 2015 - Born and raised in India, Mr. (Jacob) Thomas holds a Bachelor of Science degree from the Indian Institute of Technology, a Masters of Science degree from The Ohio State University and an MBA from the University of Chicago Booth School of Business.

Activist Firm Barington Capital Group Hires Head Of Marketing And Investor Relations

PR Newswire/Bloomberg/ABC - Sep 29, 2015 - Ms. (Marjorie) Kaufman holds a BA magna cum laude from the University of Pennsylvania and an MBA from the University of Chicago Booth School of Business.

Zoës Kitchen Names Sunil M. Doshi New Chief Financial Officer

Business Wire/Bloomberg/Yahoo! - Sep 28, 2015 - Mr. (Sunil M.) Doshi holds an MBA from the Booth School of Business at the University of Chicago and a Bachelor of Science degree in Business Administration from The Ohio State University.

Iteris Board Names Joe Bergera as President and CEO

Business Wire/Yahoo! - Sep 22, 2015 - (Joe) Bergera earned his B.A. in Government from Colby College, M.B.A. from the Booth School of Business at the University of Chicago, and A.M. from the Harris School of Public Policy at the University of Chicago.

From the community: Diane Soucy Bergan Name Chief Communications and Public Affairs Officer

Chicago Tribune - Sep 21, 2015 - She (Diane Soucy) also completed Executive Programs in Strategy and Finance through the University of Chicago Graduate School of Business.

Charles River Associates (CRA) Enhances Capabilities in Forensic and Cyber Investigations

Business Wire/MarketWatch/Yahoo! - Sep 21, 2015 - Mr. (Kristofer) Swanson holds an MBA degree in International Business and Economics, with Dean’s List Honors, from The University of Chicago Booth School of Business; a MS degree in Accountancy, with Distinction, from DePaul University; and a BA degree in Government from Lawrence University.

8minutenergy Appoints Marc Atlas as Chief Financial Officer

Yahoo! - Sep 17, 2015 - (Marc) Atlas received an MBA from the University of Chicago’s Booth School of Business.

Morphing Businesses

Management Insider - Sep 16, 2015 - He (Varabott Ho) holds an MBA from the University of Chicago Booth School of Business and is a Certified EFFAS Financial Analyst.

Management Team Enrichment with the appointment of Andrew Echatti to the position of Chief Financial Officer

France Bourse - Sep 15, 2015 - (Translation) Graduated from the Booth School of Business and holds an MBA from Ghent University (Belgium), Andrew Echatti began his professional career as a Financial Analyst at JP Morgan in New York.

Eleven Biotherapeutics Announces Promotions of Gary Sternberg, MD, MBA to Chief Business Officer and John McCabe, CPA to Senior Vice President, Finance

Business Wire/Yahoo - Sep 01, 2015 - He (Gary Sternberg) obtained his MBA from the University of Chicago.


STUDENTS

Team-Bonding Abroad Before Classes Start

Financial Times - Sep 18, 2015 - My immersion into the Chicago Booth experience started last month, when I attended the school’s pre-orientation trip known as Random Walk.

How I turned a plastic pen into $87 over 5 days

Chicago Tribune - Sep 01, 2015 - The hardest assignment of business school thus far: Take a Chicago Booth disposable pen and, through a series of sales or trades over five days, end up with something of greater value.