The Lehigh Expo, Columbia Stats, and More – New York News
Let’s explore some of the most interesting stories that have emerged from New York business schools this week.
Lehigh Expo Showcases Students’ Creativity – Lehigh College of Business & Economics Blog
As part of the recent Lehigh University College of Business and Economics School Expo, nearly 600 Lehigh students across all disciplines showcased projects, many of which were “outcomes of capstone courses that leverage intense study in a chosen field.”
One project of note was Danielle’s Buddy, a device developed by eight Lehigh students, including Emily Randolph, ’19 to “locate children with autism who might become lost.” According to the article, the device, which comes equipped with GPS, WiFi, and Bluetooth, attaches to “the pants or shoelaces of a child with autism and sends a signal to caretakers if the child wandered from a particular area or became lost.”
Students in attendance at the recent Lehigh Expo / Photo via lehigh.edu
Learn more about more exciting Lehigh Expo presentations here.
New Columbia Business School Study Uncovers Significance of the Mortgage Market as a Barometer in Presidential Elections – Columbia Business School Blog
In a study that has the potential to influence how the American public views “the relationship between the economy and national elections for years to come,” Columbia Business School professor Charles W. Calomiris and Georgetown’s Alexis Antoniades recently published research that finds that the mortgage crisis of 2008 was “five times more impactful on voting behavior than rising unemployment.”
Professor Calomiris writes:
“We all know that Americans vote with their wallets. When times are tough, incumbents are punished at the ballot box, and when America’s economy is thriving, those in the White House are often rewarded. This new research shows us that when it comes to mortgage markets, that’s not necessarily the case.”
Read more about the duo’s groundbreaking research here.
Columbia Business School Reveals 2018-19 Essays and Deadlines – MetroMBA
The incoming batch of MBA deadlines and essay questions for the newest class of Columbia Business School grad students has been officially revealed.
For admission during the 2018-19 academic year, students must answer the following questions:
Goal: What is your immediate post-MBA professional goal? (50 characters)
Essay #1: Through your resume and recommendations, we have a clear sense of your professional path to date. What are your career goals over the next 3-5 years and what, in your imagination, would be your long term dream job? (500 words)
Essay #2: How will you take advantage of being “at the very center of business”? CBS urges those undertaking essay number two to watch this video from Dean Glenn Hubbard (250 words).
Essay #3: Please provide an example of a team failure of which you have been a part. If given a second chance, what would you do differently (250 words)?
Optional Essay: What else would you like to tell the Columbia admissions committee? You can use this space to provide your explanation if there any areas of concern in your own academic or personal history. This essay does not need to be traditionally formal and can include bullet points (maximum 500 words).
Check out the upcoming MBA deadlines for CBS here.
Economists, Professors Sign Letter Warning Against Voting For Trump
To say many professors and economists are a bit wary of a potential Donald Trump presidency is probably underselling it.
Not too shortly after author and Questrom School of Business at Boston University professor Mark T. Williams wrote a scathing response to Trump’s proposed economic policies in Business Insider, a host of the country’s most esteemed academic minds joined him in resolute agreement, signing a letter of warning against voting for the Republican presidential nominee.
The letter featured 370 economists, professors and several Nobel laureates—including Harvard economist Oliver Hart, who recently won the Nobel Prize in Economic Sciences with MIT Sloan economist Bengt Holmström—calling a Trump a “dangerous, destructive choice” for president.
The letter does not explicitly endorse Democratic presidential candidate Hillary Clinton, nor any third party candidates. Rather, the group only warned against voting for Trump.
“I don’t normally engage in politics, but I decided to sign this one because I think that the destruction that Trump’s campaign tactics have done to the institutions of this nation is a great moral issue,” writes Yale University economist Robert Shiller “It isn’t Republican versus Democrat. It isn’t a normal political statement. It is a feeling of outrage against a demagogue.”
The criticisms run deep. From his proud misinformation, to his proliferation with conspiracy theories and even his notorious business practices.
Signatories Paul Romer, the new chief economist at the World Bank, and 1972 Nobel Prize winner Kenneth Arrow add, “He misinforms the electorate, degrades trust in public institutions with conspiracy theories and promotes willful delusion over engagement with reality,” propping “magical thinking and conspiracy theories over sober assessments of feasible economic policy options.”
The Wall Street Journal also reports that 19 separate U.S. Nobel Prize winners in economics endorsed the aforementioned Hillary Clinton in a letter released on Monday, Oct. 31. That letter came out just days after FBI Director Paul Comey announced the bureau would proceed with more investigation into the Clinton server email scandal, this time relating to emails coming from former U.S. House of Representatives member Anthony Weiner. Weiner was formerly married to Clinton’s trusted aide Huma Abedin.
