SEMI-MONTHLY NATIONAL AND INTERNATIONAL TOP NEWS COVERAGE FOR DECEMBER 15-31, 2015

U.S. Media

Raising interest rates like it's 1994

Marketplace - Dec 16, 2015 - “In January of 1994, the interest rate was about 3 percent. By January of 1995, it was 5.5 percent,” said University of Chicago economist Anil Kashyap.

Presidential debate's worst idea: return to the gold standard

Los Angeles Times - Dec 31, 2015 - In 2012, the University of Chicago's business school asked its panel of 51 experts, drawn from the entire spectrum of economic theory, if a return to the gold standard would improve the economic situation for the average American.

Don't let Uber surge pricing ruin your New Year's Eve

CBS News - Dec 31, 2015 - A case study conducted by Chris Nosko, an economics professor at the University of Chicago Booth School of Business, Uber's research head Jonathan Hall and data scientist Cory Kendrick looked at the rides, costs and completed fares in high-demand situations with and without surge pricing, and found that with surge pricing in place, the number of requests and cars remained in equilibrium, but without it, requests doubled, waiting time doubled and the ride completion rate plummeted to under 25 percent.

Executives 'Need To Choose When To Manage And When To Lead'

Forbes - Dec 31, 2015 - However, Linda E. Ginzel, clinical professor of managerial psychology at the University of Chicago Booth School of Business, sees flaws in this approach.

The Last (and Most Expensive) Night of the Year

The New York Times - Dec 31, 2015 - On an ordinary day, it remains unclear whether surge pricing really entices more drivers to offer rides, according to Chris Nosko, an assistant professor of marketing at the University of Chicago Booth School of Business and co-author of a recent study on Uber’s pricing.

The Republican Establishment Thinks Ted Cruz Can Save Them From Trump. There's One Big Problem.

Huffington Post - Dec 23, 2015 - A 2012 survey of economists conducted by the University of Chicago's Initiative on Global Markets found literally no support for the gold standard among any of its respondents.

The Fed is raising rates. What's it going to cost you?

Chicago Tribune - Dec 16, 2015 - Not if the economy continues to behave as the majority of economists expect and if Federal Reserve Chair Janet Yellen keeps sending the message she's in no rush to raise rates and plans a gentle path of increases, said former Federal Reserve governor and current University of Chicago Booth School of Business professor Randall Kroszner.

New Year’s Resolutions: 5 Goals To Boost Your Financial Health In 2016

International Business Times - Dec 31, 2015 - “People derive more satisfaction from their experiential purchases — vacations, meals out, tickets to events like concerts or the theater — than they do from their material purchases, things like clothing, jewelry, furniture and gadgets,” said Amit Kumar, a postdoctoral research fellow at the University of Chicago.

Why This Year’s Christmas Season Is So Angry

Bloomberg - Dec 17, 2015 - An Italian-born economist at the University of Chicago Booth School of Business and author of the 2012 book A Capitalism for the People, (Luigi) Zingales says Theodore Roosevelt represents the best kind of populist: someone who fought corruption and broke up monopolies to give ordinary people a chance.

What Would It Take for the Economy to Be More Fair?

The Atlantic - Dec 30, 2015 - Luigi Zingales, professor of entrepreneurship and finance at the University of Chicago’s Booth School of Business, and author of Saving Capitalism from Capitalists

The Sum Of All The Business School Rankings Of 2015

Forbes - Dec 30, 2015 - Chicago Booth maintains the #2 position, with Wharton narrowly maintaining it’s place at #4 ahead of Kellogg, whose consistent results across the board were led by strong showings in Forbes and BusinessWeek.

Monster Deals, Big Questions

Bloomberg - Dec 23, 2015 - From a corporate standpoint, with so much cash flooding the system, acquisitions have become less risky given most companies’ lower cost of capital, says Stephen Morrissette, who teaches M&A strategy at the University of Chicago Booth School of Business.

2016: Big ETF Predictions

Yahoo! - Dec 30, 2015 - DFA is famous for its mutual funds and for its embrace of passive investing. It includes the likes of Nobel winners Myron Scholes and Eugene Fama on its boards.

Don’t blame uncertainty for the slow recovery

Bloomberg - Dec 29, 2015 - Chief proponents of this view were economists Scott Baker of Northwestern University’s Kellogg School of Management and Steven Davis of the University of Chicago’s Booth School of Business.

Why Glass-Steagall Would Not Have Prevented The Financial Crisis And Could Have Made It Worse

Forbes - Dec 27, 2015 - Recent research from University of Chicago professor Luigi Zingales suggests that capital requirements can help solve the problem of “Too Big Too Fail” by ensuring that large financial institutions keep a large enough equity capital cushion so they will not default on either their deposits or their derivative contracts in the event of a panic.

Top Ten Business School Rankings of 2015

Poets & Quants - Dec 27, 2015 - Even more, the University of Chicago (Booth) replaced Wharton in the Top Three, courtesy of high marks from Businessweek-surveyed recruiters and an eye-popping 97.2% placement rate in 2014 (which will rise to 97.4% with the 2015 Class).

On the MBA Waitlist? What Now?

Beat the GMAT - Dec 24, 2015 - Clear Admit’s MBA LiveWire has captured a lot of this news, including quite a few candidates reporting that they’ve been waitlisted at places like Stanford Graduate School of Business and the University of Chicago Booth School of Business.

Research suggests you should consider this important factor when choosing a career

Business Insider/Yahoo! - Dec 24, 2015 - “People don’t realize how important the experience is after or before they are doing it,” study co-author Ayelet Fishbach told The Huffington Post. “We found that those doing something fun persist longer than those doing something for money. People worked harder when we made the task more interesting.”

20 top MBA programs whose grads land jobs right out of school

Business Insider - Dec 23, 2015 - The Booth School of Business all but guarantees a coveted job: 98% of students from the 2015 class had secured employment within three months of graduation — the highest percentage of any school — and the top-five employers were McKinsey & Co., Boston Consulting Group, Bain & Co., Amazon, and Bank of America.

The 20 best business books of 2015

Business Insider - Dec 22, 2015 - 'Misbehaving' by Richard Thaler: Thaler is an economist at the University of Chicago Booth School of Business best known as "the father of behavioral economics."

The 100 Best Business Books of 2015

Inc. - Dec 22, 2015 - 14. Misbehaving: The Making of Behavioral Economics -- Richard H. Thaler

Yellen, Bull Markets and Extinction in a Seven-Year Stock Rally

Bloomberg - Dec 21, 2015 - The idea that the past says nothing about the future is a central tenet of the random walk theory on asset prices championed by academics such as Eugene Fama and Burton Malkiel.

What Ted Cruz and ISIS Have in Common

New York Magazine - Dec 21, 2015 - The response from Chicago’s Anil Kashyap: “A gold standard regime would be a disaster for any large advanced economy.

History Books With Insight for the Future

Bloomberg - Dec 21, 2015 - Richard Thaler, “Misbehaving: The Making of Behavioral Economics.” Another intellectual history. Thaler, a professor at the University of Chicago and one of the pioneers of behavioral economics, is a marvelous read.

This Is The Most Important Thing To Remember When Choosing A Job

Huffington Post - Dec 21, 2015 - But the reality is: People underestimate just how important it is to enjoy the experience of work, according to a new study from researchers at the University of Chicago’s Booth School of Business.

Reviving the lost art of small talk

CBS - Dec 21, 2015 - University of Chicago professor Nick Epley, who studies social cognition, wanted to know why, so he started asking people about their commutes.

The Big Number

The Wall Street Journal - Dec 21, 2015 - There are several likely causes for the decline. “One is that a huge amount of capital was committed to private equity beginning in 2005 and peaking in 2007,” said Steven Kaplan, a professor of entrepreneurship and finance at the University of Chicago’s Booth School of Business, and a co-author of the paper. “When you have too much money chasing deals, returns go down.”

Our Top Ten Favorite MBA Startups in 2015

Poets & Quants - Dec 21, 2015 - Daniel ValentiDaniel ValentiAfter graduating with a bachelor’s degree in psychology from Harvard, Daniel Valenti had no idea what to do. He stumbled upon high-end travel guide service, Rustic Pathways. Soon Valenti was rubbing shoulders with some of the wealthiest travelers from around the world. He spent nearly four years exploring some of the most remote regions on the planet. And then it wasn’t enough. Valenti wanted to call the shots and work for himself.Entrepreneurship and specifically, Mark Tebbe and the Polksy Center for Entrepreneurship and Innovation, brought him to Chicago Booth.

The economic impact of Americans' fears about terrorism

Fox - Dec 18, 2015 - University of Chicago professor Austan Goolsbee on whether Americans’ concerns about terrorism will weigh on the U.S. economy.

This Is The Most Important Thing To Remember When Choosing A Job

Huffington Post - Dec 18, 2015 - “People don’t realize how important the experience is after or before they are doing it,” Ayelet Fishbach, a professor at Booth and the study’s co-author, told The Huffington Post.

Scott Sumner And Friends Want Unbridled Growth-Chicago School Update

Marketplace - Dec 17, 2015 - Scott Sumner and his Chicago Business School friends seek much faster growth in the economy. They propose eliminating land use restrictions and tout easy loans.

Can the Economy Withstand the Fed's Rate Hike?

Bloomberg - Dec 17, 2015 - Austan Goolsbee, a University of Chicago Booth School of Business professor, discusses the Fed's decision to raise interest rates for the first time in almost a decade.

Fed's Next Move 'Quite a While' Away, Kroszner Says

Bloomberg - Dec 17, 2015 - Randall Kroszner, a former Federal Reserve governor and now an economics professor at the University of Chicago, talks about the central bank's decision to raise interest rates for the first time in almost a decade.

Fed Rate Hike: What'd You Miss? (Full Show 12/16)

Bloomberg - Dec 17, 2015 - Full episode of "What'd You Miss?" Guests: Andrew Levin, a former special adviser to the Fed, Steven Englander, Citigroup's head of G10 FX strategy, and Austan Goolsbee, a University of Chicago Booth School of Business professor. (Source: Bloomberg)

The top 10 business schools with the highest GMAT scores

Business Insider - Dec 17, 2015 - Though among the most expensive MBA degrees in the world, the Booth School of Business all but guarantees a coveted job: 98% of students from the 2015 class had secured employment within three months of graduation — the highest percentage of any school — and the top-five employers were McKinsey & Co., Boston Consulting Group, Bain & Co., Amazon, and Bank of America.

Chicago Booth Interview Report: Round 1 / Second-Year Student / On-Campus

Beat the GMAT - Dec 16, 2015 - The following Chicago Booth MBA interview report was submitted to Clear Admit by a Round 1 applicant who was admitted. Congratulations to them!

Polyera Cofounders, IIT President Among This Year's National Academy of Inventors Fellows

ChicagoInno - Dec 16, 2015 - Antonio Facchetti and Tobin Marks, professors at Northwestern University; Alan Cramb, president of Illinois Institute of Technology; Yoginder P. Chugh, professor at Southern Illinois University-Carbondale, and Dean P. Alderucci, professor at University of Chicago Booth were among 168 fellows inducted to the fellowship on Tuesday, the organization announced.

Media Outside the U.S.

Venture capital sector heading back to earth

South China Morning Post - Dec 31, 2015 - Steven Kaplan, a finance professor at the University of Chicago, said 2014 and 2015 marked a “frothy” period of start-up valuations that was bound to taper off. He said the rapid rise in the number of start-ups valued at US$1 billion or more, known as unicorns, was coming to an end for the time being.

Success Factor corporate culture: When it hurts when it benefits

COMPUERWELT - Dec 29, 2015 - "The banks could promote honest behavior by would change the profession-specific standards," says Alain Cohn from the Booth School of Business at the University of Chicago.

What makes this US educator feel at home in Hong Kong

EJ Insight - Dec 21, 2015 - Richard Johnson, associate dean of the EMBA program for Europe and Asia of the University of Chicago Booth School of Business, said it is best to choose accredited institutions that also have a rich history.

Why doctors choose the cheapest over-the-counter drugs

CBC - Dec 21, 2015 - Earlier this year, marketing researcher Jean-Pierre Dubé of the University of Chicago Booth School of Business and his co-authors published a paper titled Do Pharmacists Buy Bayer? Informed Shoppers and the Brand Premium.

No easy way for the Fed to reverse course

Financial Times - Dec 21, 2015 - We now have a playbook for this,” said Randall Kroszner, who served as a Fed governor during the crisis and is now at the University of Chicago Booth School of Business.

Scroogenomics: Why giving Christmas presents is inefficient and what to do about it

Sydney Morning Herald - Dec 17, 2015 - "Instead of proposing to your wife with a diamond ring, you offer a gift card of equal value. Efficient - if you don't count your hospital bills," mused Chicago economist Austan Goolsbee.

Ex-White House adviser: Economists were 'itching' for rate hike

BBC - Dec 17, 2015 - Austan Goolsbee tells the BBC's Katty Kay that despite a lack of full employment and amid uncertain signs on inflation, economists had been "itching" to see rates back on the rise.

US Fed Opts for Landmark Rate Rise

BBC - Dec 17, 2015 - The US central bank has raised interest rates for the first time in almost a decade. We discuss the likely implications with ex Federal Reserve board member Randy Kroszner, and Andrew Sentance who is a former member of the Bank of England's Monetary Policy Committee.

What to watch out for with the Fed rate rise

BBC - Dec 16, 2015 - Former Federal Reserve Governor Randy Kroszner tells the BBC's Manuela Saragosa how he expects the US central bank to implement its exit strategy from zero interest rates.

Fed Rate Decision: No Surprises?

BBC - Dec 16, 2015 - Randy Kroszner, economics professor at the University of Chicago Booth School of Business and a former governor of the Federal Reserve System from 2006 until 2009, tells us how Fed meetings deciding on rates are conducted. Read more » Translate »

Alumni

Heidrick & Struggles Taps Lyndon A. Taylor to Lead Chicago Office

PR Newswire/Marketplace/CNN - Jan 04, 2016 - He also holds a Master of Business Administration in Business Policy and Strategy from the University of Chicago – Booth School of Business.

What will happen to the Russian economy in 2016

News of Tatarstan/bezformata.ru/Time and money - Jan 01, 2016 - He (Andrei Movchan) graduated from the Mechanics and Mathematics Faculty of Moscow State University. Lomonosov Moscow State University, the Finance Academy under the Government of the Russian Federation and the University of Chicago Booth GSB.

Bring in 2016 with a New Years Resolution That Works

ReleaseWire/Marketplace - Dec 28, 2015 - Earlier in her (Vicki Morris) career, she launched Java at Sun and was awarded the President's Award. Vicki started her career at Oracle, while completing her MBA at the University of Chicago.

Mario Farren is the new manager of Citibank del Peru

Agencia de Noticias Orbita - Dec 24, 2015 - Mario has a bachelor's degree in business from the University of Chile and an MBA from the Booth School of Business at the University of Chicago.

CLARCOR Engine Mobile Group Leadership Transition

PRNewswire/Marketplace/Yahoo! - Dec 23, 2015 - Mr. (Jacob) Thomas holds a Bachelor of Science degree from the Indian Institute of Technology, a Master of Science degree in mechanical engineering from The Ohio State University, and an MBA from The University of Chicago Booth School of Business.

VAALCO Energy Announces Agreement With Group 42-BLR Group And Changes To Board Composition And Other Shareholder Friendly Actions

PRNewswire/CNBC/CNN - Dec 23, 2015 - Michael Keane holds a law degree from the University of Texas, and an MBA in Finance from the University of Chicago.

Balance Credit Names Stephanie Klein President

PR Newswire/CNN Money/Marketplace - Dec 21, 2015 - Stephanie holds Bachelor of Science degrees in both Finance and Business Administration from the University of Illinois, Urbana-Champaign, as well as an MBA from the University of Chicago Booth School of Business, all of which were earned with the highest honors.

Rising Sales Executive Takes on National Role at Innealta

PR Newswire/Marketplace/NBC - Dec 21, 2015 - Mr. (Dion) Travagliante, who is based in Austin, completed the University of Chicago Booth School of Business Sales Management Program and graduated with a Bachelor of Science in Business Administration from Boston University. Previously, he served as an institutional sales executive at FactSet Research Systems.

Entrepreneur Reynaldo Caudillo joins UIC's Liberal Arts & Sciences Board of Visitors

Chicago Tribune - Dec 18, 2015 - He has completed Executive Education Programs at the University of Chicago Booth School of Business, Villanova University, and the Wharton School of the University of Pennsylvania.

Mount Tam Biotechnologies Engages Richard Marshak for Strategic Participation

Marketplace/CNN/Bloomberg - Dec 18, 2015 - Dr. Marshak's qualifications include an MBA from the Chicago School of Business, and a Veterinary Medical Degree and BA from the University of Pennsylvania.

Amar Rathor is appointed as Head of SC Studios, San Francisco

Bloomberg - Dec 17, 2015 Amar earned his MBA from Chicago University's Booth Business School, holds an MSc in Economics from Cardiff University and is a certified Six Sigma Black Belt.

Students

How to get investors to take a long-term view

Education Post - Dec 28, 2015 - Small changes in how retirement funds display information can have big effects on the way households invest their money, according to research by Chicago Booth PhD candidate Maya O. Shaton.

How to Raise Generous Kids

Slate - Dec 21, 2015 - The distinction may sound subtle, but the psychological effects likely aren’t: Using the word helper may “signal that the behavior is reflective of a person’s essential underlying character,” explains (Christopher) Bryan, who is an assistant professor at the University of Chicago Booth School of Business.