Archive for the ‘Economy’ Category

News you can use

Check out WSJ’s Real Time Economics site which provides current economic insight and analysis on economic hot button issues. I was particularly intrigued by this title on the site, “It Took the Telephone 75 Years To Do What Angry Birds Did in 35 Days. But What Does That Mean?” Enjoy!

 

Faculty Book Talk – Mon 11/17 – Oyer’s Roadside MBA

Please join us for another Faculty Book Talk on the Roadside MBA: Back Road Lessons for Entrepreneurs, Executives & Small Business Owners. Authored by GSB Professor Paul Oyer, Michael Mazzeo and Scott Schaefer,

Join us for a midday book talk at the Library. Hear Paul Oyer speak about Roadside MBA and enjoy light refreshments on the Library’s 4th floor.

Paul Oyer Book Talk
November 17, 2014
12-1pm
Board Room
4th floor Bass Center

Great Books. Great Room.
This popular event series is designed to showcase faculty publications and encourage GSB community interaction and engagement. The Library’s beautiful  fourth floor sets the scene for an inviting yet informal book talk, Q&A, and reception. All GSB students, staff, faculty & alumni are welcome. 

As Apple goes, so does the economy?

I ran across an article from the New York Times, “When iPhones Ring, the Economy Listens” the other day. It poses that with the new introduction of the new iphones,  “consumers have been ordering the gadgets faster than Apple can deliver them. The ripple effects are being felt throughout the economy — and they have been moving the stock market.”

I was intrigued with this statement and went to Google finance, searched for Apple, Inc and on the result page found their price chart below adding Dow Jones and Nasdaq prices as comparison. Judge for yourself….

Apple

 

 

Mind the gap!

New research from Stanford suggests that America’s cities are becoming increasingly segregated by educational levels. According to a paper by Rebecca Diamond, Asst Prof of Economics at the Graduate School of Business, America’s cities are dividing themselves into two groups, with college-educated workers living in “desirable” places that less-educated Americans cannot afford. “High-skill workers value communities where the amenities are considerable, “Diamond said in an interview. “The non-college educated value these areas, but they cannot afford the housing.” Coming on the tail of Thomas Piketty’s book Capital in the Twenty-first Century and its discussion of income disparities,  is this yet another fact on the pile to suggest that an economic crack in America is widening into a sociological Grand Canyon?

Letting Go of Being Let Go

I recently came across this article full of useful tips on negotiating the exit process when being laid off from a white collar job.  Some tips only apply at the time you are receiving the bad news, so don’t wait till it happens to read up!

For more tips on handling and recovering from lay offs, try an article search in one of our business article databases.  Questions?  Ask us.

Piketty’s Charge

And the battle rages on … Paul Krugman  responded in Sunday’s New York Times to an accusation by Chris Giles of the  Financial Times, that conclusions presented in Thomas Piketty’s book Capital in the Twenty-First Century are not supported by the data. Krugman asserts that Giles is misunderstanding (misrepresenting?) the nature of the data and the arguments involved. While Krugman takes pains not to accuse Giles of being a mouthpiece of the wealthy,  he does call upon those who criticize what he calls the consensus about growing wealth disparity to ask themselves their motives.  I suspect that this will not be the last volley in this economic Gettysburg — which represents a much larger historical struggle about wealth and justice in America.

Faculty books highlighted

GSB faculty authors  now have their recent books showcased on our Popular Books racks, just inside the Library entrance. Currently on display, for example, is The Bankers’ New Clothes: What’s Wrong With Banking and What to Do About It, by GSB Prof Anat Admati and Martin Hellwig. This book asks the question ‘What is wrong with today’s banking system?’  The authors argue that we can have a safer and healthier system without sacrificing any of the benefits, and at no additional cost to society. Banks are not as fragile as they are because they must be, but because they want to be, the authors declare. The book calls for ambitious reform and outlines specific steps that can be taken immediately.  Says Eugene Fama of the University of Chicago, “A must-read for concerned citizens … should be studied and memorized by lawmakers and regulators so they won’t be duped by false claims in the future.”

Bob Sutton (Good Boss, Bad Boss) and Huggy Rao (Market Rebels) have teamed up to examine what it takes to build and identify pockets of exemplary performance and spread them to others in the organization in Scaling Up Excellence: Getting to More Without Settling for Less.  Drawing on extensive research and inside accounts from a number of industries, the authors identify the key scaling challenges that confront every company. “Scaling Up Excellence is one of the finest business books you’ll ever read,” enthuses Daniel H. Pink (To Sell is Human).

Market Liquidity: Asset Pricing, Risk and Crises by GSB Prof Haim Mendelson, Yakov Amihud and Lasse Heje Pedersen presents the theory and evidence on the effect of market liquidity and liquidity risk on asset prices and on overall securities market performance, demonstrating the important role of liquidity in asset pricing. Stanford’s Darrell Duffie comments “This collection places the best available work on the topic between two covers. It must be read by anyone following this subject area,” while Nobel Laureate Robert Engle opines, “The liquidity of financial markets has never been a more important topic of research and policy and this book gives a very accessible way to understand both the traditional and current research.”

And finally, Absolute Value: What Really Influences Customers in the Age of (Nearly) Perfect Information, by Itamar Simonson and Emanuel Rosen. Going against conventional wisdom, this book reveals what really influences customers today, and offers a new framework — the Influence Mix — to help managers develop effective marketing strategies.  Chip Heath (Made to Stick) opines, “Every marketer is going to have to read this book (if only not to feel left out when everyone else is talking about it)”, and Ravi Dhar of the Yale School of Management says “Pay attention to this book. It offers important insights into changing consumer behavior and presents new rules for success in the marketplace of the future.”


 


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