MONTHLY TOP MEDIA NEWS COVERAGE FOR FEBRUARY 2016

U.S. MEDIA

Debate Continues on How Fed Should Give Interest-Rate Guidance

The Wall Street Journal - Feb 29, 2016 - Economists in a paper presented Friday at a conference held by the University of Chicago Booth School of Business contend that officials need to get away from any commitment about rate rises that implies action is likely in a given time frame.

The University of Chicago's startup hothouse turns 20

Crain's - Feb 29, 2016 - The University of Chicago became a hotbed for startups because some students thought its business school should have a business-plan competition. In the 20 years since, the New Venture Challenge has produced some of Chicago's best-known startups, such as GrubHub and Braintree. Here is what you need to know about NVC from those who have lived it.

By The Numbers: Are Women Really Making Progress At Business School?

Poets & Quants - Feb 29, 2016 - There’s little doubt that far greater numbers of women are enrolled in the world’s best MBA programs. Just look at the trend lines at the University of Chicago’s Booth School of Business.

Most & Least Challenging MBA Applications This Year

Poets & Quants - Feb 29, 2016 - Consultants said that Chicago Booth, Northwestern Kellogg, and INSEAD also were among the toughest for their clients. Though Booth has only one question—Pick a photo out of several provided and tell the school “how it resonates with your own viewpoint on why the Booth community is the right fit for you”—but there is no word limit defined. Moreover, Booth throws something of a curve ball at applicants because it allows them to respond to the prompt by a traditional essay, a slide presentation, or any other format, including a video.

Equality in Marriages Grows, and So Does Class Divide

The New York Times - Feb 29, 2016 - Marriages in which the woman earns more are less likely to form in the first place, which accounts for 23 percent of the overall decline in marriage rates since 1970, according to a large study by the economists Marianne Bertrand and Emir Kamenica of the University of Chicago and Jessica Pan of the National University of Singapore.

Former Fed official says central bank should pay less attention to bond market

MarketWatch - Feb 29, 2016 - When he was at the Fed, he felt the bond market “was looking over your shoulder,” Stein said in a speech at a monetary policy forum sponsored by the University of Chicago Booth School of Business.

Fed’s Transparency May Give Investors False Confidence, Economists Say

The New York Times - Feb 29, 2016 - “The meetings themselves are generating big movements in interest rates,” Mr. Sufi said. “My personal interpretation is that that is a little bit worrisome.”

Economists On Candidates' Proposals: Mostly Bad

NPR - Feb 29, 2016 - We based our list of economists on the University of Chicago Booth School of Business's IGM Economic Experts Panel, which does regular surveys like this.

A Fund Based on Theories in "The Big Short" Is Ballooning

Forbes - Feb 26, 2016 - University of Chicago professor Richard Thaler’s theories underpin the Undiscovered Managers Behavioral Value Fund owned by JPMorgan Chase—a mutual fund that has almost doubled over the past year to $3.7 billion, according to Bloomberg.

BDT's Trott on the economy, diversity, deals

Crain's - Feb 26, 2016 - Below are some highlights from a rare appearance at the Beecken Petty & O'Keefe Private Equity conference, held in conjunction with the University of Chicago Booth School of Business, on Feb. 19. The remarks come from a Q&A with Trott and U of C professor Steven Kaplan.

Tightening financial conditions are equal to 3 rate hikes, Fed’s Brainard says

MarketWatch - Feb 26, 2016 - In a speech to a conference on monetary policy sponsored by the University of Chicago Booth School of Business, Brainard said financial tightening is one factor to lower expectations that the U.S. economy would be able to “diverge” or grow strongly compared with the rest of the world.

Time-based guidance a hint of FOMC's view: Fed's Fischer

Reuters - Feb 26, 2016 - "I think they like time-based because it's their way of getting as close as they can to a committee forecast of interest rates," he told the Initiative on Global Markets at Chicago Booth event.

How the Fed can talk more clearly so the market will listen

MarketWatch - Feb 26, 2016 - Instead, the authors of the paper want the Fed to show markets how it might react to future news. These authors are Michael Feroli, chief U.S. economist at J.P. Morgan Chase, David Greenlaw, economist at Morgan Stanley, Peter Hooper, chief U.S. economist of Deutsche Bank Securities, former Fed Governor Frederic Mishkin and Amir Sufi, economist at the University of Chicago Booth School of Business.

Powell Defends the Fed's `Dot Plot' Forecasts of Rate Path

Bloomberg - Feb 26, 2016 - Powell’s speech, at a conference sponsored by The Initiative on Global Markets at the University of Chicago’s Booth School of Business, centered on a paper delivered at the same conference that examined Fed communication practices.

Best MBA Programs For Round Three Applicants

Poets & Quants - Feb 26, 2016 - Noticely absent from the list of 13 schools singled out by the admission consultants was Stanford, Wharton, Chicago Booth, and MIT Sloan. Some schools, of course, come very close to discouraging round three applications, even while keeping the door open for them.

Hillary Clinton’s foreign policy is pure fantasy

Salon - Feb 26, 2016 - In this year’s Democratic primary, surrogates for former Secretary of State Hillary Clinton have attacked Senator Bernie Sanders’s domestic policy agenda for being unfunded or overly ambitious. For example, after signing onto a letter attacking Sanders’ economic agenda — backed by no data or modeling — University of Chicago economist and former Obama White House Council of Economic Advisers Chair Austan Goolsbee went on to suggest Sanders’ agenda promises were “magic flying puppies with winning Lotto tickets tied to their collars.”

Sanders' Health Plan Renews Debate on Universal Coverage

WBEZ - Feb 26, 2016 - One of the letter's authors, Austan Goolsbee, of the University of Chicago Booth School of Business, was chairman of President Obama's council of economic advisers. He says Sanders overestimates the savings from the single-payer program and underestimates the costs and necessary tax increases.

$400M Stanford Donation Highlights B-Schools' Thirst For Social Impact Careers

Business Because - Feb 26, 2016 - And Chicago’s Booth School launched a scholarship for non-profit leaders funded with $4 million from the Neubauer Family Foundation.

'Big Short' Professor's Fund Swells in Past Year

Bloomberg - Feb 26, 2016 - Richard Thaler’s cameo in the Oscar contending movie “The Big Short” was a rare moment of glamour for an economist who built his career studying the follies of human behavior.

Another economic slump, another communications test for Fed

Reuters/CNBC/Economic Times - Feb 26, 2016 - The authors were JPMorgan's Michael Feroli, Morgan Stanley's David Greenlaw, Deutsche Bank's Peter Hooper, Frederic Mishkin of Columbia University and Amir Sufi of the University of Chicago Booth School of Business, which hosted the conference attended by Fed governors Lael Brainard, Jerome Powell and others from the central bank.

Lessons From Game Theory: What Keeps Kasich in the Race?

The New York Times - Feb 25, 2016 - As Richard Thaler, the behavioral economist at the University of Chicago, explained, the strategies can be applied to anything: health care, nuclear deterrence, the last piece of pizza.

Modi and Rajan: Unlikely Allies Battling India's Oligarchy

Bloomberg - Feb 25, 2016 - At first glance, Rajan and Modi couldn’t be more different. Rajan, 53, has been lecturing at the University of Chicago for a large part of his career. He is more comfortable speaking English than Hindi, and easily hobnobs with the brightest financial minds at places like the World Economic Forum in Davos.

Eugene Fama Pearls [AdviceIQ]

McClatchy-Tribune/Bloomberg - Feb 25, 2016 - Eugene F. Fama is among the brightest lights in the economic firmament. Now, as a long and unbroken bull market dissolves into volatility, it's a good time to reflect upon the wisdom of this University of Chicago professor and Nobel laureate.

MBA Grads Are Behind 38 ‘Unicorns’

Poets & Quants - Feb 25, 2016 - The venture has the highest valued cross-university founding MBA team, drawing on MBAs from INSEAD, Harvard, Wharton, Chicago Booth and IIM-Calcutta.

Special Edition: Executive Education

Chief Learning Officer - Feb 25, 2016 - Online learning delivery is also making executive education providers rethink their core competencies and what value and effect their offerings have for participants in the marketplace. Renu Kulkarni, associate dean for executive education at the University of Chicago Booth School of Business, said there’s a lot of experimentation going on but not at the expense of core learning.

What a President Donald Trump Would Mean for the American Economy

Fortune - Feb 24, 2016 - Other economists agree. Austan Goolsbee, former chairman of President Obama’s Council of Economic Advisers, has said, “I think the world vests too much power certainly in the president, probably in Washington in general, for its influence on the economy, because most all of the economy has nothing to do with the government.”

University of Chicago Economics Professor On What Obama Is Really Like As A Decision Maker And What Economists Think Of Trump

Huffington Post - Feb 24, 2016 - Answers by Austan Goolsbee, American economist, Professor of Economics at The University of Chicago, on Quora.

Study: Slow Thinking Reduces Crime in Chicago

WTTW - Feb 24, 2016 - Anju Shah, professor at the University of Chicago Booth School of Business: The thing that we should appreciate about what the BAM program is doing is it’s teaching young men to slow down in a context where they face different consequences if they don't slow down.

Why Shark Tank's Kevin O'Leary Wants You to Be Evil

Inc. - Feb 24, 2016 - Steven Kaplan, a professor of entrepreneurship and finance at the University of Chicago's Booth School of Business, warns against trying to serve too many masters. Without profit as a focus, "it's very hard to tell if you're doing a good job," he says. "You have to worry about accountability. It's easy to say: 'I'm great. I'm delivering value to consumers, to the environment. That's why profitability is suffering.' But it's a slippery slope."

Riviter Helps Online Retailers Analyze Your Personal Style from Pinterest

Crain's - Feb 23, 2016 - What if your Pinterest board was your personal shopper? That's the idea behind Riviter, a startup out of University of Chicago-Booth.

This might be Ted Cruz’s worst idea

The Washington Post - Feb 23, 2016 - That's why none of the economists in the University of Chicago's ideologically diverse expert panel think that the gold standard would be better than what we have now. And that's putting it politely. Chicago professor Anil Kashyap went so far as to say that "love of the gold standard implies macroeconomic illiteracy."

Sanders' Health Plan Renews Debate On Universal Coverage

NPR - Feb 23, 2016 - One of the letter's authors, Austan Goolsbee, of the University of Chicago Booth School of Business, was chairman of President Obama's council of economic advisers. He says Sanders overestimates the savings from the single-payer program and underestimates the costs and necessary tax increases.

Donald Trump, Crony Capitalist

The New York Times - Feb 23, 2016 - Luigi Zingales is a professor of entrepreneurship and finance at the University of Chicago Booth School of Business.

Dividends: Who Pays? Who Doesn't? Who Should?

Forbes - Feb 22, 2016 - Others, following the lead of folks like Eugene Fama and Kenneth French, see dividends as a statistical series, a set of numbers.

How Much Does An MBA Really Cost?

Poets & Quants - Feb 22, 2016 - Most notably, INSEAD grads see a 96% salary increase over pre-graduation earnings after returning to the workforce. And their weighted salaries — $166,510 – are seventh best in the world, even topping Kellogg, Sloan, Booth, and the London Business School.

The One Thing You Should Never Discuss During a Pitch Meeting

Fortune - Feb 22, 2016 - Today’s answer to the question “What’s the best way to pitch a startup idea to investors?” is written by Waverly Deutsch, clinical professor of entrepreneurship at the University of Chicago Booth School of Business.

The next 'Big Short' trade has a lot of problems

Business Insider - Feb 22, 2016 - In a paper earlier this year, Amir Sufi of the University of Chicago summed up why auto loans are simply less risky than mortgages: you can repossess the asset.

Bernie Sanders Told To Stop Saying Bernie's Economic Plans Will Be Terrific

Forbes - Feb 19, 2016 - Austan Goolsbee, University of Chicago Booth School; Chair, Council of Economic Advisers, 2010-2011

Autonomous Vehicles Could Drive Car Insurance Companies Out Of Business

Forbes - Feb 19, 2016 - “There will be liability,” (Lawrence) Burns said Wednesday at the University of Chicago Booth School of Business, “but most traffic safety issues will be resolved when we eliminate 90 percent of the crashes.”

Neil Howe: The Global Economy Faces a Quadruple Whammy

Salt Lake Tribune - Feb 19, 2016 - One of its signatories, University of Chicago economist Austan Goolsbee, compared the realism of the Sanders agenda to "magic flying puppies with winning Lotto tickets tied to their collars."

Bear Markets Don’t Predict Recessions, But Liquidity Might

Bloomberg - Feb 19, 2016 - The raw data you need to construct a measure of illiquidity is available at the Center for Research in Security Prices at the University of Chicago’s Booth School of Business.

3 Golden Rules That Can Save You From Financial Ruin

Yahoo! - Feb 18, 2016 - Eugene Fama, a famous economist at the University of Chicago, won the 2013 Nobel Prize in Economics for his studies that identified relative strength as a key factor in driving individual stocks upward. In fact, Fama named it the "premier anomaly" driving stock prices higher.

Dem Economists Hit Bernie Sanders with the Ultimate Political Insult

Fortune - Feb 18, 2016 - The authors of the letter—economists Alan Krueger of Princeton, Austan Goolsbee of the University of Chicago, and Christina Romer and Laura Tyson of the University of California—are complaining about an article published in CNNMoney that first reported the content of a research paper by Friedman which argued that Sanders’ policies could bring annual real GDP growth in America to 5.3%.

TIGER 21 Hosts 6th Annual Members Conference

PR Newswire/Bloomberg - Feb 18, 2016 - Additional panels included an interview where Pattie Sellers, Executive Director of Fortune, posed questions to renowned economist and Professor at the University of Chicago's Booth School of Business, Richard Thaler.

The Rich Can Learn From the Poor About How to Be Frugal

The New York Times - Feb 15, 2016 Not everyone falls prey to this effect, as Anuj K. Shah, a professor of behavioral science at the University of Chicago, has demonstrated in research done with Eldar Shafir, a psychology professor at Princeton, and me.

The Sanders Campaign Has Crossed Into Neverland

Mother Jones - Feb 17, 2016 Or, in Austan Goolsbee's more colorful language, Sanders' plans have "evolved into magic flying puppies with winning Lotto tickets tied to their collars."

Sanders' Economic Plan Torn Apart By Former Clinton, Obama Economists

Huffington Post - Feb 17, 2016 The four economists who signed the letter are Alan Krueger of Princeton University, Austan Goolsbee of University of Chicago, and Christina Romer and Laura D'Andrea Tyson, both of University of California at Berkeley.

Former broker gets 16 years in jail for a Ponzi scheme that used victims' money to pay for mortgages and cigars

Business Insider - Feb 17, 2016 Citing a recent research by University of Chicago finance professor Samuel Hartzmark, Gray writes: "while it is true that the Fed clearly wields some influence on rates, its ability to manipulate the rate away from where economic fundamentals suggest it should be is somewhat limited."

How Recruiters Rank Business Schools By Industry & Skill Set

Poets & Quants - Feb 17, 2016 That leaves the University of Chicago (Booth) – the top-ranked U.S. MBA program overall according to recruiters. Recruiters, as a whole, awarded Booth with the top mean score of 3.83, where 51 of 190 recruiters gave it the highest score of five (with another 69 firms ranking it as a four).

Former Obama, Clinton economists warn Sanders on rosy promises

Washington Examiner - Feb 17, 2016 Signing the letter were four former chairmen of the Council of Economic Advisers. They are Obama advisers Alan Krueger of Princeton, Austan Goolsbee of the University of Chicago and Christina Romer of the University of California, Berkeley.

Social Entrepreneurship Goes Mainstream At These Three Top B-Schools

Business Because - Feb 16, 2016 The announcement comes hot on the heels of one from Chicago’s Booth School of Business, which in January launched a new scholarship to support the non-profit and government sectors, funded with a $4 million gift from the Neubauer Family Foundation.

Left-Leaning Economists Question Cost of Bernie Sanders’s Plans

The New York Times - Feb 16, 2016 “The numbers don’t remotely add up,” said Austan Goolsbee, formerly chairman of President Obama’s Council of Economic Advisers, now at the University of Chicago.

Panel Of Leaders To Discuss "Lean Innovation" At The Executives' Club Of Chicago Innovation Program

PR Newswire/Yahoo! - Feb 16, 2016 Mark Tebbe, Adjunct Professor of Entrepreneurship, University of Chicago Booth School of Business

The perils of ‘wishful thinking’

United Press International/MSNBC - Feb 16, 2016 But the New York Times reported yesterday that some “liberal-leaning economists” who share Sanders’ goals have begun to “question his numbers.” Austan Goolsbee, formerly chairman of President Obama’s Council of Economic Advisers, now at the University of Chicago, told the Times that the Sanders campaign’s numbers “don’t remotely add up.”

Facebook Is The Reason For The Productivity Slowdown, No, Really

Forbes - Feb 15, 2016 A working paper released this week examines possible mismeasurement. University of Chicago economics professor Chad Syverson doesn’t think the hypothesis adds up.

B-School Deposit Deadlines: Decisions? Dilemmas? Do Tell!

Beat the GMAT - Feb 15, 2016 Let’s say, though, that you applied to HBS, Chicago Booth, and Wharton, but only Chicago Booth guaranteed you a seat in its Class of 2018, with HBS and Wharton putting you on the waitlist. Here’s where things can get tricky.

MBA News: MBA Cost Concerns, Data Science Demand

Beat the GMAT - Feb 15, 2016 Speaking of offsetting MBA cost, graduates of the University of Chicago’s Booth School of Business—one of the finest programs in the nation—seem to have little to worry about. From a purely statistical standpoint, the figures are impressive.

Valentine's Day gift-giving can include a gift for both partners

ABC 7 - Feb 15, 2016 Researchers at the University of Chicago and university's Booth School of Business recently released a study about how couples over time tend to give gifts for the couple's benefit not just the individual.

The 8 Secrets of Great Communicators

Entreprenuer Magazine - Feb 12, 2016 Researchers at the University of Chicago Booth School of Business put this theory to the test and what they discovered is startling.

Why Does U.S. Productivity Look So Abysmal? Not Mismeasurement, Paper Says

The Wall Street Journal - Feb 12, 2016 A working paper released this week examines possible mismeasurement. University of Chicago economics professor Chad Syverson doesn’t think the hypothesis adds up.

Don't Be A Stupid Cupid! Hear How Not To Buy A Selfish Valentine's Day Gift

NPR - Feb 12, 2016 Work by Ayelet Fishbach at the University of Chicago, along with Yanping Tu and Alex Shaw, show that when you buy gifts for close friends, you often think of the other person and yourself as a unit.

Idean Appoints First Advisory Board Member

PR Newswire/Bloomberg - Feb 12, 2016 George Kadifa is also Managing Director at Sumeru Equity Partners, Member of the Board of Directors at Velocity Technology Solutions and Council Member at University of Chicago Booth School of Business.

Why you may skimp on your Valentine's Day gift

Phys.org - Feb 11, 2016 the study, "The Friendly Taking Effect: How Interpersonal Closeness Leads to Seemingly Selfish Yet Jointly Maximizing Choice," by Chicago Booth Professor Ayelet Fishbach, University of Florida's Yanping Tu, and University of Chicago's Alex Shaw, the researchers find that people are more likely to take from a close other than a distant other.

'Long time before Fed raises rates'

CNBC - Feb 11, 2016 Yellen left all options on the table but spoke more of downside risks, explains Randall Kroszner, economics professor at the University of Chicago.

Hyperinflation Paranoia Guides the Fed

Bloomberg - Feb 10, 2016 Even so, the Fed’s quantitative easing caused hawkish macroeconomists like the University of Chicago’s John Cochrane to warn in 2009 that the U.S. was in danger of hyperinflation.

Impact Investing: MBA's Funds Follow Goldman Sachs In Search For Financial, Social Returns

Business Because - Feb 10, 2016 Jason Heltzer, assistant professor of entrepreneurship at Chicago’s Booth School of Business, says the potential wealth creation lures MBAs to venture capital firms. But, he adds, “it takes a really long time for ownership in a VC fund to produce returns — and those returns are far from a sure thing”.

Beastie Boys and Girls: The New Anthropomorphism

The New Yorker - Feb 10, 2016 “When you look at who anthropomorphizes and why, you find it is a signature of our brain’s greatest skill, and that is to be hyper-social,” (Nicholas) Epley said.

Study predicts world economy unlikely to stop relying on fossil fuels

Phys.org - Feb 10, 2016 "As long as markets fail to account for the environmental damages from using fossil fuels, there will always be incentives to develop new techniques to more efficiently access these resources," said Thomas Covert, an assistant professor of microeconomics at the University of Chicago's Booth School of Business.

Bank Worries and Libor Lying

Bloomberg - Feb 09, 2016 Here's a comment letter on IEX's application to become a public stock exchange from Eric Budish, a professor at the University of Chicago's Booth School of Business who is the main advocate for replacing our current equity market structure with frequent batch auctions.

How to deal with the wealth effect's opposite as stocks fall

USA Today - Feb 09, 2016 Others, however, suggest that inertia may get the better of those saving for retirement. “I haven’t seen anything about the behavior of those already retired, but the one thing we know for sure about those still saving for retirement is that the vast majority of participants are passive,” says Richard Thaler, a professor at the University of Chicago and author of Misbehaving: The Making of Behavioral Economics. “I would not expect much changes in behavior, either in the saving or consumption.”

The Questions MBA Applicants Are Getting

Poets & Quants - Feb 08, 2016 University of Chicago, Booth School of Business: How do you spend your time outside of work? What are your core values? What are your perceptions of Chicago Booth?

The Limits Of Obama’s Favorite Economic Theory

Huffington Post - Feb 08, 2016 In September, the president issued an order, titled “Using Behavioral Science Insights to Better Serve the American People,” that essentially requires the federal government to use what Cass Sunstein, a Harvard Law professor, and Richard Thaler, a University of Chicago economics professor, call “nudges.”

These Venture Capital-Backed Female MBAs Raised $2.6B For Their Startups

Business Because - Feb 08, 2016 They also come as elite business schools push to recruit more women, with the likes of Kellogg School, Wharton, Simon, Tuck and Chicago Booth all reporting 40%+ female MBA enrolment.

Why so many economists back Obama’s idea of a tax on oil

The Washington Post - Feb 08, 2016 There have been some attempts to document just how many economists support carbon taxes. The IGM Forum, at the University of Chicago’s Booth School of Business, convenes expert panels to determine views in the field, and in 2011 asked how much a group of economists agreed with the statement: “A tax on the carbon content of fuels would be a less expensive way to reduce carbon-dioxide emissions than would a collection of policies such as ‘corporate average fuel economy’ requirements for automobiles.”

How to make America great again for Trump voters

Christian Science Monitor/Yahoo! - Feb 08, 2016 Invest in needed infrastructure. Trump has embraced this idea, and so do many policy experts. In a survey organized by the University of Chicago’s Booth School, a panel of US economists overwhelmingly agreed with the statement, “Because the US has underspent on new projects, maintenance, or both, the federal government has an opportunity to increase average incomes by spending more on roads, railways, bridges and airports.”

Fed Rate Hikes to Be Forced by Higher Wages: Amoroso

Bloomberg/Yahoo!/MSN - Feb 08, 2016 Anastasia Amoroso, global market strategist at JPMorgan Asset Management, and University of Chicago Professor Luigi Zingales talk about the Federal Reserve's rate hike path and improving wages in the United States.

U.S. Economy: Strong Consumers or Corporations?

Bloomberg/Yahoo! - Feb 08, 2016 University of Chicago Professor Luigi Zingales and Anastasia Amoroso, global market strategist at JPMorgan Asset Management, examine demand and consumer strength in the U.S. economy and the worry of European contagion from the Italian economy.

Money and Influence in U.S. Presidential Campaign

Bloomberg/Yahoo! - Feb 08, 2016 University of Chicago Professor Luigi Zingales discusses money and influence in the U.S. presidential campaign. He speaks on "Bloomberg Surveillance."

Bloomberg Surveillance: Zingales and Marinov on Markets

Bloomberg/Yahoo! - Feb 08, 2016 Bloomberg Surveillance with Tom Keene and Michael McKee. GUESTS: Luigi Zingales Professor:Finance/Economist University of Chicago Booth School of Business on economy. Valentin Marinov MD/Head:G10 FX Research Credit Agricole CIB London on FX

Austan Goolsbee: The Economy Has Been Slowing

Fox - Feb 05, 2016 Austan Goolsbee, former Economic Advisor to President Obama, discussed the outlook for the U.S. economy with FOX Business Network’s Stuart Varney.

Economy headed towards recession?

Fox - Feb 05, 2016 Interview with Austan Goolsbee, former Economic Advisor to President Obama, on the state of the U.S. economy.

On-the-books advice from financial leaders

Washington Post - Feb 05, 2016 That is our top-10 list. A few other books were suggested that merit mention. University of Chicago professor Richard Thaler enjoyed “Economics Rules,” by Dani Rodrick, (but he noted that it was best suited for econ wonks).

Has the U.S. Really Reached an Epic Turning Point in Energy?

National Geographic - Feb 05, 2016 “In the absence of substantial greenhouse gas policies, the U.S. and the global economy are unlikely to stop relying on fossil fuels as the primary source of energy, “ write Thomas Covert and Michael Greenstone of the University of Chicago and Christopher R. Knittel of the Massachusetts Institute of Technology. In the short- and middle-term, they say solar and wind are unlikely to “play a major role in base-load electricity capacity or in replacing petroleum-fueled internal combustion engines.”

Unlocking The GMAT: Knowing The Target & The Test

Beat the GMAT - Feb 05, 2016 Yet MBA programs report ever higher average GMAT scores for their incoming class. Stanford GSB (733), Wharton (732), Chicago Booth (726), Kellogg (724) and Yale (721) are just a few examples of top schools that are reporting another record breaking year of GMAT averages – indeed the overall average for the top 10 business schools this year is 725, a score in approximately the 94th percentile.

Chicago Booth Interview Report: Round 2 / Alumnus / Off-campus

Beat the GMAT - Feb 05, 2016 I had my interview with a local alum in my home city, and it was held in the conference room of his workplace building. My interviewer was a recent graduate of Booth, so our conversation was pleasantly laid back and very casual.

Behind Chicago Booth’s 97.4% Employment Rate

Poets & Quants - Feb 05, 2016 According to Julie Morton, the school’s associate dean of career services and corporate relations, it starts with the school’s culture, which is predicated on candor and transparency. In an exclusive interview with Poets&Quants, Morton emphasizes that Booth staffers and students pride themselves on giving “honest feedback, being very direct, and having a high bar.”

CME appoints 2 to advisory council

Bloomberg - Feb 03, 2016 Hansen is a David Rockefeller distinguished service professor of economics at the University of Chicago and 2013 recipient of the Nobel Prize in Economics; Randall Kroszner, is a former member of the board of governors of the US Federal Reserve system and Norman R. Bobins professor of economics at the University of Chicago booth school of business.

Can a $4 Million Gift Bring More MBAs to the Nonprofit and Public Sectors?

Inside Philanthropy - Feb 02, 2016 Neubauer's $4 million gift to UChicago will fund a Civic Scholars Program, providing annual full-tuition scholarships to Chicago Booth's Weekend MBA Program for eight professionals working in nonprofit and government fields. So-called Neubauer Civic Scholars will be able to continue working full time as they pursue their degrees, allowing them to translate classroom skills into real world experiences.

Japan's Experiment With Rates of Less Than Zero

Bloomberg - Feb 02, 2016 The University of Chicago’s John Cochrane is skeptical, pointing out other ways that savers could avoid losing money to negative rates. But most of these techniques rely on prepaying bills, which could be penalized more under an electronic money system.

MBA News: Starting Salary Bump, MBAs Flock to Big Pharma

Beat the GMAT - Feb 02, 2016 For Chicago Booth graduates, the signing bonuses averaged $40,000. Lots of other sectors reported impressive bonuses and starting salaries too. In short, now is a lucrative time to be earning an MBA.

Stocks end up 2% after BOJ move; still worst month for Nasdaq since ‘10

CNBC - Feb 01, 2016 While challenges around the world could slow U.S. economic recovery, that 2 percent growth "makes the U.S. attractive compared to other countries around the world," Randy Kroszner, a former U.S. Federal Reserve governor and the professor of economics at the University of Chicago Booth School of Business, said earlier in the week.

Is Job Hopping Good For You?

WBEZ - Feb 01, 2016 Could switching jobs every three or four years be a better plan? Alain Cohn of the University of Chicago’s Booth School of Business breaks down the pros and cons of job hopping.

Media Outside the U.S.

Making a bid for more-accurate eBay seller profiles

Education Post - Feb 29, 2016 - Since eBay sold its first item, a broken laser pointer, in 1995, the online marketplace has hosted sellers of all stripes, and that’s not always been good for business. Not only do buyers who have a bad experience tend to leave eBay for good, according to Chicago Booth’s Chris Nosko and Berkeley’s Steven Tadelis, they also fail to report the problem.

How to craft an effective business plan

Education Post - Feb 26, 2016 - William W. (Bill) Kooser is the Associate Dean for Global Outreach at the University of Chicago Booth School of Business. Bill has spent over 25 years in higher education and has been a frequent writer and speaker in the business school industry.

Phil Knight donates $400m to Stanford: why do billionaires donate to universities?

The Independent - Feb 25, 2016 - 6. David Booth, $300m in 2008, University of Chicago Booth School of Business named after him.

Booth, vice president: top business schools need to have three "good"

Tencent Education - Feb 24, 2016 - [Abstract] William Kooser vice president believes that a top business schools need to have three elements: a good teacher, a good student, a good relationship between the companies. And how to achieve the three "good", it is a major challenge faced by business schools.

How to be frugal

Gulf News - Feb 24, 2016 - Not everyone falls prey to this effect, as Anuj K. Shah, a professor of behavioural science at the University of Chicago, has demonstrated in research done with Eldar Shafir, a psychology professor at Princeton, and me.

Digital ads are getting smarter. Are advertisers?

Education Post - Feb 22, 2016 - “There’s a real split between how academics [and advertisers] think about this question” of digital advertising’s return on investment, says Chicago Booth’s Chris Nosko. “If you ask practitioners, they would tell you that these [ad campaigns] are wildly successful.”

Unfamiliar ways forward

The Economist - Feb 18, 2016 - Zingales, of the Chicago Booth School of Business, advocates a similar approach for the euro area. The European Stability Mechanism, an emergency euro-area fund, could be used to raise the money; the ECB could act as referee.

Bhagwati, Buiter, Cowan, Glaeser, Cochrane and Fama on US economic dominance

The Australian - Feb 18, 2016 - Eugene Fama, Professor of finance at the University of Chicago Booth School of Business. He shared the Nobel prize in economic sciences in 2013 with Robert Shiller and Lars Peter Hansen for work on the empirical analysis of asset prices.

Alumni Lenzing AG appoints Thomas Obendrauf new CFO

Wirtschaftszeit - Mar 01, 2016 - The Styrian-born Thomas Obendrauf studied international business at the Vienna University of Economics and completed an Executive MBA program at the University of Chicago Booth School of Business.

ABRA Auto Body & Glass Strengthens Executive Leadership Team

Business Wire/Bloomberg - Feb 23, 2016 - She (Barbara Ducat) earned her B.B.A. in accounting from Iowa State University and holds an MBA from the University of Chicago, with majors in finance, strategy, and entrepreneurial studies.

IRI's new purpose in consumer research

Crain's - Feb 22, 2016 - Appel might be an unlikely guy to run IRI. He has an MBA from the University of Chicago Booth School of Business and came to IRI from Accretive Health, where he was senior vice president of operations. Before that, he had been at Aon and McKinsey.

Students Chicago Booth Interview Report: Round 2 / Alumnus / Off-Campus

Beat the GMAT - Feb 23, 2016 - The following Chicago Booth interview report was submitted to Clear Admit by a Round 2 applicant. Good luck to them!

The Completely Absurd (and Infuriating) Reason CEOs Get Paid So Much

TIME - Feb 23, 2016 - Author Kelly Shue, of the University of Chicago, says boards’ apparent mistake is a common one, highlighted by years of research in the field of behavioral economics, and much like the way workers get confused about the effect of inflation on the real value of their paychecks.

Germany's hegemony in Europe. How to fight the dictates of Berlin?

Forsal.pl - Feb 17, 2016 Europe is now completely under the influence of German hegemony. Germans managed to achieve the difficult goal of bringing their national interests to the level of economic principles and moral values - says Prof. Luigi Zingales of the University of Chicago Booth School of Business

BRP Bhaskar: Troubled banking system

The Gulf Today - Feb 16, 2016 Raghuram Rajan, professor of finance at the University of Chicago and a former chief economist at the International Monetary Fund, took several steps to help the banks deal firmly with defaulters immediately after he took over as RBI governor in 2013.

Canadian business jumping on the behavioural economics bandwagon

The Globe and Mail - Feb 15, 2016 In 2008, University of Chicago professors Richard Thaler and Cass Sunstein published their groundbreaking book Nudge, outlining how consumers could be encouraged to overcome these cognitive biases and make better choices.

Skimping on V-Day gift? Here's why it's fine

Times of India - Feb 12, 2016 In the study, Professor Ayelet Fishbach, University of Florida's Yanping Tu and University of Chicago's Alex Shaw found that people are more likely to take from a close other than a distant other.

Why men always buy the cheaper chocolates for Valentine's day (but they really ARE thinking of you)

Daily Mail - Feb 11, 2016 'We dub this the 'friendly taking effect' because such overt taking behavior is actually rooted in a friendly intention, that is, concern for the total benefit,' writes the University of Florida's Yanping Tu, the University of Chicago's Alex Shaw, and Chicago Booth's Ayelet Fishbach.

Luigi Zingales : German hegemony can fight another idea for Europe

Wiadomosci Dziennik/Gazetaprawna - Feb 09, 2016 Prof. Luigi Zingales is a lecturer at the University of Chicago, Booth School of Business.

Times Centre for Learning inks MoU with Chicago Booth B-school

The Economic Times - Feb 09, 2016 Times Centre for Learning Ltd, a Times Group initiative and University of Chicago Booth School of Business have signed a memorandum of understanding (MoU) to collaborate in promoting quality professional education in India.

Scholarships up the ante in fight for top MBA students

Financial Times - Feb 08, 2016 “Let’s say someone applied to Wharton and Chicago Booth, and Booth really wants them, they could use money to attract them. Booth and Wharton are within the same tier of school so money would be useful when the rest is mostly apples to apples.”

Times Centre for Learning ties up with Chicago Booth B-school

The Times of India - Feb 05, 2016 The Times Centre for Learning (TCLL) is teaming up with University of Chicago Booth School of Business to deliver professional education in India. Deepak Lamba of the Times of India Group and William W Kooser, associate dean (global outreach) of Chicago Booth, signed a memorandum of understanding here on Thursday.

TCLL Signs MoU With University of Chicago Booth School of Business

The Telegraph - Feb 04, 2016 Times Centre for Learning Ltd., a Times Group initiative, and University of Chicago Booth School of Business on Thursday signed a MoU to collaborate in promoting quality professional education in India.

This is where Raghuram Rajan sees himeslf in next 5 years

DNA - Feb 03, 2016 (Raghuram) Rajan is on-leave Distinguished Service Professor of Finance at the University of Chicago Booth School of Business.

MBA Programs has been criticized as roadblocks towards entrepreneurship, yet it continues to see more graduates joining Startups

Sohu - Feb 03, 2016 The argument on the educational value of MBA programs has been going on for a long time. The Deputy Dean of Chicago Booth, William W. Kooser, disagrees that MBA programs are preventing the development of entrepreneurship. He has seen how compared to 40 years ago, the number of students joining traditional financial service institutions has dropped, and there has been a gradual increase of students that are interested in joining startups.

Equal pay for millennials is a boost for equal parenting

Financial Times - Feb 02, 2016 She studied about 2,500 MBA graduates from the University of Chicago Booth School of Business whose earnings were almost identical when they began their careers. After 10 to 16 years, the women were earning 55 per cent of what the men were earning. A quarter of the women were working part-time and 17 per cent were not working at all.

MBA graduates’ love affair with consultancy endures

Financial Times - Feb 02, 2016 Among the schools to report placement statistics for their classes of 2015, Chicago Booth says the consulting sector has recruited 32 per cent of its MBAs, a rise of 4 per cent on last year and the first time consulting has come close at the school to toppling financial services.

ALUMNI

Networking lessons: an MBA does the Sundance Film Festival

Financial Times - Feb 17, 2016 Last week I sat in a packed theatre at the Sundance Film Festival in Park City, Utah, and felt exhilarated and humbled to watch the premiere of the film I produced before attending Chicago Booth.

Riveron Consulting Announces Two Client Service Promotions in Chicago

The Chicago Tribune - Feb 15, 2016 (Nonye) Ukawuba graduated from the University of Michigan Stephen M. Ross School of Business with a Bachelor of Business Administration and from the University of Chicago Booth School of Business with a Master of Business Administration in finance. She is a certified public accountant.

Gary Mandell, Candidate for Illinois State Representative, District 11

ABC 7 - Feb 15, 2016 I graduated cum laude from The Wharton School of Commerce and Finance at the University of Pennsylvania with a degree in accounting, and earned my Masters of Business Administration with a specialization in finance from the Graduate School of Business at the University of Chicago.

COPT Announces Steve Budorick to Succeed Roger Waesche as President and CEO

CNBC - Feb 12, 2016 Mr. Budorick earned a B.S. in Industrial Engineering from the University of Illinois and an MBA from the University of Chicago.

Five minutes with Andy Jones, managing director of the Maryland Venture Fund

Baltimore Sun/Bloomberg - Feb 08, 2016 Education: Bachelor's and master's degrees in electrical engineering from Cornell University, MBA from the University of Chicago

How Clean Eating Helped One Founder Beat Chronic Illness And Launch Her Startup

Forbes - Feb 03, 2016 Initially (Katlin) Smith bootstrapped and then received $2 million in seed funding from angels, friends, and a business competition at her alma mater, The University of Chicago Booth School of Business.