SEMI-MONTHLY NATIONAL AND INTERNATIONAL TOP NEWS COVERAGE FOR OCTOBER 15-30, 2015

U.S. MEDIA

FACT CHECK: Do Tax Cuts Grow The Economy?

NPR - Oct 30, 2015 - In a 2012 survey of top economists, the University of Chicago's Booth School of Business found that 35 percent thought cutting taxes would boost economic growth.

When It’s OK to Cut Yourself Some Slack on Saving

TIME - Oct 29, 2015 - “By earmarking money, we set money aside for one specific purpose and make it less likely that dollar will be used for something else, even if it might be more useful for another purpose,” says Abigail Sussman, an assistant professor of marketing at the University of Chicago Booth School of Business and the paper’s lead author.

Senator Ted Cruz Really Wants to Return to the Gold Standard... Has He Heard of the Great Depression?

Huffington Post - Oct 30, 2015 - As University of Chicago professor Richard Thaler points out, exactly zero economists endorsed the idea in a recent poll. What makes it such an idea non grata?...

CNBC Awards Hitachi's Hiroaki Nakanishi the Asia Business Leader of the Year Award at the 14th CNBC Asia Business Leaders Award Ceremony

PR Newswire/CNBC/Yahoo! - Oct 29, 2015 - The panel includes CNBC's long-time knowledge partner, the University of Chicago Booth School of Business, research partner Development Dimensions International and CNBC's Senior Vice President, International News & Programming, Mr John Casey.

Are MBAs to blame for VW and other business ethics fiascos?

Forbes - Oct 26, 2015 - At the University of Chicago Booth School of Business, concerned MBA candidates sent Queen’s New Republic article to behavioral science professor John Paul Rollert, who teaches an ethics course at Booth that was added after the financial crisis. Rollert says that arguments about whether B-schools are to blame for corporate misbehavior are peripheral to the main issue: “The question is, can business schools do more to enhance the integrity of the business world?”

Why Don’t Many Indian MBA Programs Appear in Global Rankings?

The Wall Street Journal - Oct 28, 2015 - While the survey showed that all students graduating from IIM Ahmedabad found jobs within three months, faring even better than the Harvard Business School on that parameter, the graduating cohort had an average annual salary of about $33,000, only about a quarter of that reported by the Booth School of Business at the University of Chicago, which topped the Economist rankings.

Break-Up Fee in Duke-Piedmont Contemplates Regulatory Risk

The Wall Street Journal - Oct 27, 2015 - “I think Piedmont is worried,” said Steven Kaplan, a professor at the University of Chicago’s Booth School of Business. Piedmont and wants a promise from Duke that the deal will be worth the likely interim disruption.

Roadrunner stock nose-dives after company slashes forecast

Milwaukee Journal Sentinel - Oct 27, 2015 - "The magnitude of the revision is very unusual," said Douglas Skinner, an accounting professor at the University of Chicago's Booth School of Business and a longtime scholar on earnings guidance and management forecasts.

Owen Reports All-Time High MBA Salaries

Poets & Quants - Oct 27, 2015 - Owen is the fourth school to report higher starting pay for its MBA graduates, following strong employment reports from the University of Chicago’s Booth School of Business, Indiana University’s Kelley School, and Georgetown University’s McDonough School of Business.

GAAP vs. IFRS: Why we should celebrate convergence being unattainable

World Finance - Oct 27, 2015 - All accounting bodies have dropped the notion of convergence because political pressures make it an improbability, says Chicago Booth professor and newly inducted member of the Institute of Chartered Accountants in England and Wales Dr Ray Ball.

MBA Application: Which Are The Best International Cities For MBAs?

Business Because - Oct 26, 2015 - Moreover, the cities house the world’s foremost business school behemoths — Harvard in Boston, Chicago Booth and Columbia in New York.

MBA News: B-School Rankings Arrive, MBA Program Waives Tuition

Beat the GMAT - Oct 26, 2015 - At number one this year—holding its position from the past few years—is Chicago Booth.

Here's Proof That Age Discrimination Is Widespread in the Job Market

Bloomberg/Yahoo!/ABC - Oct 26, 2015 - The latest study is reminiscent of a 2002 study by University of Chicago economist Marianne Bertrand and Harvard economics professor Sendhil Mullainathan.

Swedroe: Behavioral Funds Disappoint

ETF.com - Oct 26, 2015 - Several funds run by Fuller and Thaler Asset Management. Firm principal Richard Thaler is a distinguished service professor of behavioral science and economics at the University of Chicago’s Booth School of Business.

Future Of Big Data: Rapid Growth Of Business Analytics Degrees Eases Skills Crunch

Business Because - Oct 28, 2015 - Meanwhile, the rise of analytics courses within MBA programs has been rapid, seen at the likes of Wharton, HEC Paris and Chicago Booth business schools.

Why You Don’t Understand People As Well As You Think

WGBH - Oct 23, 2015 - But according to Nicholas Epley, author of Mindwise: Why We Misunderstand What Others Think, Believe, Feel, and Want, you probably don’t know anyone nearly as well as you think you do.

Congress is Holding the Debt Ceiling Hostage Yet Again. Here's Why That's Still Scary.

Huffington Post - Oct 22, 2015 - Eighty-four percent of economists surveyed by the University of Chicago Booth School of Business in 2013 said they agreed that “a separate debt ceiling that has to be increased periodically creates unneeded uncertainty and can potentially lead to worse fiscal outcomes.”

What We're Reading

DNA Info - Oct 22, 2015 - What we're reading to take our minds off Cubs postseason withdrawal:....Does an MBA Make You More or Less Ethical?: University of Chicago professor John Paul Rollert is defending business schools in light of the VW scheme that put profits over pollution, a situation that has led some to charge that MBAs are schooled to be amoral when it comes to the bottom line. Four or five decades ago, people who wanted to change the world were told to go to law school, Rollert, a business professor, tells Fortune. Today, he says, “If you really want to do good, if you want to make an impact on the world, you go to business school.”

How to Save $1 Billion Without Even Trying: A Freakonomics Radio Rebroadcast

Freakonomics.com - Oct 22, 2015 - Doctors, chefs, and other experts are much more likely than the rest of us to buy store-brand products. What do they know that we don’t? And if we all did like they do, how much fatter might our wallets be? Here’s where you can learn more about the people and ideas behind this episode: ...Do Pharmacists Buy Bayer? Informed Shoppers and the Brand Premium by Bart J. Bronnenberg, Jean-Pierre Dubé, Matthew Gentzkow, and Jesse M. Shapiro (2015)

Business Schools Blamed for VW Ethical Lapse & Bad 'Bro" Price Hikes

Poets & Quants, Fortune - Oct 22, 2015 - At the University of Chicago Booth School of Business, MBA candidates sent Queen’s New Republic article to behavioral science professor John Paul Rollert. The students’ concern over ethics education points to the generational change that is turning B-school students’ focus toward impact and away from pure profiteering, Rollert believes. To Rollert, who teaches an ethics course at Booth that was added after the financial crisis, arguments about whether B-schools are to blame for corporate misbehavior are peripheral to the main issue: “The question is, can business schools do more to enhance the integrity of the business world?” Increasingly, B-schools are responding to “from the ground up” student demands for an education that will position them to make a positive impact on the world, particularly in the area of social enterprise, Rollert says. Booth’s Social Enterprise Initiative is “tremendously popular,” and many students participate in the school’s New Venture Challenge to learn about and develop impact-producing enterprises, he says.

A Disadvantaged Start Hurts Boys More Than Girls

New York Times - Oct 22, 2015 - Marianne Bertrand, an economist at University of Chicago who with Jessica Pan has studied the gender gap, also found that boys fare worse than girls in disadvantaged homes, and are more responsive than girls to parental time and resources. “Their findings were very consistent: Families that invest more in children are protective for boys,” she said.

Harvard MBAs Doubled Their Income In Six Years — How Did Your School Do?

Poets & Quants - Oct 21, 2015 - Alumni compensation equalled or exceeded $200K at only 15 schools in the world, including MIT Sloan ($241,500), Chicago Booth ($240,000), UC-Berkeley Haas ($230,000), Northwestern Kellogg ($225,000), Dartmouth Tuck ($220,000), INSEAD ($211,682), New York University Stern ($208,000), UCLA Anderson ($200,000), and SDA Bocconi in Italy ($200,000).

7 ways your brain makes you a terrible investor

Business Insider - Oct 21, 2015 - Top behavioral-finance gurus you may have heard of include the University of Chicago's Richard Thaler, Nobel laureates Robert Shiller and Daniel Kahneman, and Credit Suisse's Michael Mauboussin.

Kellogg jumps in latest biz school ranking

Crain's - Oct 20, 2015 - Northwestern University's Kellogg School of Management leapt to third from seventh in Bloomberg Businessweek's survey of 74 full-time domestic MBA programs, almost edging out the University of Chicago's Booth School of Business for No. 2. Booth rose from third in the previous ranking, in 2014. 2017

MBA Trends: Are the Students Smarter?

Beat the GMAT - Oct 20, 2015 - For the 14th consecutive year, Chicago Booth has reported another increase in the average GMAT score of incoming students, to a record high of 726 for the school (compared to 684 in 2001).

Best Business Schools 2015

Bloomberg - Oct 20, 2015 - Full-Time MBA: U.S. - 2 Chicago (Booth); Part-Time MBA - 6 Chicago (Booth)

This 'virtual key' startup is piggybacking on the Airbnb, VRBO craze

Crain's - Oct 29, 2015 - VirtualKey was a finalist in the University of Chicago Booth School of Business New Venture Challenge, and it was in the Polsky Center's accelerator program this summer.

Turn what you are good at into an Online Business: Liz Handlin and Ultimate Resumes

Yahoo! - Oct 20, 2015 - Texas native Liz Handlin, founder and CEO of Ultimate Resumes, has a lot of energy. She completed her MBA at the University of Chicago Graduate School of Business while serving as the Manager of Economic Education and Outreach at the Federal Reserve.

Harvard Business School Tops Bloomberg Businessweek 2015 Ranking

Poets & Quants - Oct 20, 2015 - Rounding out this year’s top five are No. 2 University of Chicago’s Booth School of Business (with an index number of 98.47), Northwestern University’s Kellogg School of Management (98.24), No. 4 MIT’s Sloan School of Management (96.05), and No. 5 University of Pennsylvania’s Wharton School (95.92).

MEDIA OUTSIDE THE U.S.

Out of turn

Klamm - Oct 27, 2015 - (Translation) To assess how much of the stimulus as compared to the past is down, extensive studies have been created in recent years, among others, by L. Krippner (RBNZ) 1 and by J.C.. Wu (Chicago Booth) and F.D. Xia (UC San Diego) 2.

Suspended from the market

Suddeutsche Zeitung - Oct 27, 2015 - Translation) Does not happen because for the first time, that someone finds out how little investment professionals permanently hit the market. You can access Eugene Fama, for example on the still controversial result of economy Nobel Prize winner by 2013.

Talent without roots: 75% of Argentines who do an MBA abroad does not return to work in the country

Yahoo! Argentina - Oct 26, 2015 - (Translation) In Talenters, which Dove looking for Argentines in Harvard, Stanford, MIT, Columbia, Wharton, London Business School, New York University, Duke, IMD, Insead, Chicago Booth, Tuck and Darden, among others, they claim that the majority of those who do an MBA abroad are men (88.7%) studying in private universities (71.7%).

The 10 best MBA The Economist

Panorama - Oct 26, 2015 - (Translation) For the fifth time in six years, the business school of the University of Chicago won the first place.

Monkeys are better than fund managers on the stock exchange

Die Welt - Oct 26, 2015 - (Translation) The reason for the disastrous performance is not in the lack of intelligence of the pros explained, but simply in the nature of financial markets. In the 1960s, the Economist Eugene Fama explained that all available information are always included in the share prices.

Verbraucher geben bei Inflationserwartung mehr aus

Marktforschung.de - Oct 26, 2015 - (Translation) Explained by Prof. Michael Weber of the Booth School of Business of University of Chicago: "Eine VAT increase future consumer price increase and their inflation watch budgets in anticipation of rising prices.

A housing boom puts young people off studying

The Economist - Oct 22, 2015 - HOUSING bubbles have a lot to answer for. The bursting of the US ‘subprime’ bubble in 2007-2008 triggered financial panic. Soaring house prices have been blamed for widening inequality. A new paper, from researchers at Chicago and Northwestern universities, adds another item to the charge sheet: a housing boom might stop your kids going to university.

The Chicago School of Economics: Going off the rails

The Economist - Oct 22, 2015 - “Chicagonomics”, a new book by Lanny Ebenstein, a prolific author on the history of economic thought, sets out to investigate the history of the Chicago school of economics, to see what can be learnt for today from its past.

Creating a low-cost world

Lauterbacher Anzeiger - Oct 21, 2015 - (Translation) But is it not better, care professionals to the selection of individual stocks? The Nobel Laureate Economist Eugene Fama says no.

Characteristics and Advantages of MBA Business Schools in the United States and the Application Process

Sohu - Oct 20, 2015 - Chicago Booth was referred as “the most intellectual” with superior research capability and strength in finance, general management, and international business. Graduates of Chicago Booth were regarded to have strong analytical and quantitative skills.

EDHEC: one of the ten best MBA business schools in Europe, according to The Economist

France 3 Regions - Oct 20, 2015 - (Translation) Ranking No. 1 in the world is the MBA of the University of Chicago - Booth School of Business. In the global ranking of MBA established by the Economist, the first French school HEC, ranked fourth.

Executive MBA Ranking 2015

Financial TImes - Oct 19, 2015 - The first 17 business schools, from Tsinghua University/Insead to Duke University: Fuqua, form the first tier of schools. University of Chicago: Booth ranks 12.

Raghuram Rajan urges IMF to check 'extreme' policies

The Times of India - Oct 19, 2015 - Reserve Bank of India governor Raghuram Rajan urged the International Monetary Fund (IMF) on Monday to stop "sitting on the sidelines" and instead play an active role in questioning the easy money policies adopted by developed economies. ...Media has speculated that Rajan could be a contender to head the IMF. The current head, Christine Lagarde, was appointed in July 2011 for a five-year term. Rajan denies having any interest in the position and his three-year tenure at the RBI doesn't end until September 2016.

Live Q&A: EMBA 2015

Financial Times - Oct 19, 2015 - Sunil Kumar is dean of Chicago Booth School of Business, US, whose EMBA programme is taught at the school’s Chicago, London and Hong Kong campuses. Mr Kumar is an expert in operations research.

Zhang Ying: A Marketing Expert for Chinese Entrepreneurs

Chongqing Daily - Oct 10, 2015 - (Translation) As a Chicago Booth Alumni, ZHANG Ying received his MBA and Doctor Degree in 2007. He describes the experience with Booth as “challenging but also rewarding”. Currently, he is the Marketing and Behavioral Science Professor at GSM PKU, and his students include some of the most influential entrepreneurs in Chinese leading innovative industries.

ALUMNI

4 ways mobile apps can improve your money management

The Business Journals - Oct 30, 2015 - He (Sergio Chalbaud) holds an MBA from the University of Chicago Booth School of Business and is a Chartered Financial Analyst (CFA) and a certified Financial Risk Manager (FRM).

Frank T. MacInnis Retires from EMCOR Group, Inc. Board of Directors Steven B. Schwarzwaelder Elected to the Board of Directors

Business Wire/Yahoo! - Oct 30, 2015 - Mr. (Steven B.) Schwarzwaelder received a liberal arts degree from Denison University and completed his MBA at the University of Chicago.

Jon Winkelried to Join TPG as Co-Chief Executive Officer

Business Wire/Bloomberg/Yahoo! - Oct 28, 2015 - Jon (Winkelried) received a B.A. in Economics from the University of Chicago in 1981 and an MBA from the Graduate School of Business at the University of Chicago in 1982.

Morningstar names Kapoor president

Crain's - Oct 27, 2015 - While he has been at Morningstar, Kapoor earned an MBA from the University of Chicago Booth School of Business.

Carret Hires Kenneth Ho As Managing Partner For International Business

PR Newswire/Jakarta Post/China Money Network - Oct 26, 2015 - (Kenneth) Ho earned his master's degree of business administration from the University of Chicago Booth School of Business.

Highland Capital Management Appoints New Managing Director

PR Newswire/Bloomberg/NBC - Oct 26, 2015 - Mr. Jeff Seaver obtained his undergraduate degree from the University of Chicago, and his MBA from the University of Chicago Booth School of Business.

STUDENTS

StudentsGrowth Amongst Organic Cabbage Fields in California: Farmhouse Culture Moves to New Farm/Facility and Expands Leadership TeamAmerican

Marketwired/American Public Media/Bloomberg - Oct 29, 2015 - Originally from the Texas Panhandle, Culver was a football letterman at Stanford University, graduating with a BA in Political Science, and is currently completing his Executive MBA at the University of Chicago Booth School of Business.