Press Room

Think back to the evening of Sept. 10, 2001: It’s been 10 years, and in some ways, it’s as if nothing has changed. That Monday night, the United States was coming off a recession stemming from a bursting bubble, consumer confidence was declining, and predatory lending was in the headlines.

But as we all know, everything did change the next morning, in ways that we are still working to understand.

A Study done by a Pace PhD candidate Arthur O’Connor which showed a correlation between stocks and social-media was mentioned in the NewsFactor article “Wall Street Traders Mine Tweets for Investing Clues”.

At The Left Forum at Pace’s downtown campus earlier this month, one of the several thousand participants, Stephen Lerner, a former SEIU official, repeated earlier calls for “a new financial crisis,” according to coverage by Fox news and other media.

The graduate business program at Pace University’s Lubin School of Business has moved up 15 places in the U.S. News Media Group’s rankings. It is now tied with the program at Fordham University.

“Gold is a gift; not an investment” advises Lubin Professor Lewis J. Altfest in an editorial appearing in the March 14 issue of The Wall Street Journal.

“Gold does look beguiling when the world is full of fear or concerned about a coming bout of inflation,” writes Altfest. “To some, that may sound like today’s difficulties. To me, that is rearview-mirror investing.”

At a time when “anti-Semitism… has blighted if not ended two major careers” in fashion and show business,” the “terrific” production of Shakespeares “The Merchant of Venice” now at Pace is “oddly fitting,” according to The New York Times’s rave review. http://theater.nytimes.com/2011/03/05/theater/reviews/05merchant.html?ref=arts

Evoking the “bottom-line obsessed world of today’s Wall Street,” F. Murray Abraham’s Shylock has “a fierce hatred in his heart, but on the surface struggles to maintain a steady cool,” says the reviewer, Charles Isherwood. Abraham”s performance in many ways exceeds even that of Al Pacino, Isherwood says.

A Pace team placed fourth in a regional competition for the Global Investment Research Challenge, which was covered by MarketWatch.com (a website owned by the Wall Street Journal), and AmericanBankingNews.com.

Pace will be holding a free information session on its financial planning certificate program on the Westchester campus on February 16th. This was picked up by the Patch in many of the Westchester towns.

TV Tokyo, one of the major TV networks in Japan, features a weekly business news program called “Dictionary of Money.”

The purpose of the program – which has approximately 10 to 15 MILLION viewers nationwide – is to educate its audience about the U.S. economy and New York City as the financial center of the world.

Lubin School of Business Professors are becoming “regulars” with recent guest appearances by:

* Iuliana Ismailescu, Ph.D., Assistant Professor of Finance, who discussed “Arbitrage” (the practice of taking advantage of a price difference between two or more markets).

* Aron Gottesman, Ph.D., Associate Professor of Finance, who explained the concept of “Bid-Ask” (essentially the difference in price between the highest price that a buyer is willing to pay for an asset and the lowest price for which a seller is willing to sell it).

Pace students and staff were interviewed by NY1 about the use of the Pace Higher One card.