"CLEVELAND—21-year-old LeBron James, who skipped college to make millions of dollars in the National Basketball Association, was amazed to find out that someone his very own age, Case Western Reserve University junior Michael Washington, had the ability to stay up all night studying"Click though for more of story.
Sign-in will be in the entrance area. Volunteers will then be directed into the gym where there will be tables set up for volunteers to "pack a lunch".
At about 8:15 we will have a brief "meeting" where we will explain the day. We are asking for people from each site to be at this meeting. We will then break into groups and go to the various work sites.
(Note if people show up late, we will still find places for them, but they will likely have no/little choice as to where they go).
Some of the sites include: St. Bonaventure University, Allegany River Trail, St. Elizabeth Motherhouse, the Village of Allegany, SBU, Trail creation on State Forest land, Olean Historical Society, Olean General Hospital, Allegany State Park, SPCA, and Mt. Ireanous.
Hopefully people will begin "rolling out" at about 8:30.
We want to have everyone back by 2:45 for a BBQ and "wrap-up"/reflection period--this will be very similar to Handson with each group reporting in on the work they did.
Attention Accounting & Finance MajorsDeadlines for resumé submissions for on-campus interview opportunities are quickly approaching. The following are some of the recruiters who will be coming, and the dates that resumes are due for internship and full-time positions :
PricewaterhouseCoopers : Friday, Sept. 8
Insero & Co. CPA's : Wednesday, Sept. 13
Ernst & Young : Thursday, Sept. 14
Deloitte & Touche : Friday, Sept. 15
Freed, Maxick & Battaglia : Tuesday, Sept. 19
DeJoy, Knauf & Blood : Wednesday, Sept. 20
Information about these companies and their application requirements are available on the Career Center's On-Campus Recruiting Page at: http://www.sbu.edu/go/student-services/career-center/students/on-and-off-campus-recruiting/index.htm
Also, the deadline for sign-ups to attend the Mengel, Metzger, Barr & Co.'s Open House has been extended to Monday, Sept. 11. Accounting juniors and seniors are encouraged to RSVP in the Career Center, room 216 Reilly Center, or to career@sbu.edu .
Question: Does going to a very prestigious college really make a difference in landing a good first job, for example, on Wall Street?
Answer: You don't necessarily need a Rolls Royce to get you where you need to go.
There's nothing wrong with attending a prestigious school. But don't despair if you don't have a super-pricey diploma.
It's possible to get to Wall Street without an Ivy League degree. "More important than the school you attend are your grade-point average, extracurricular activities, as well as your interest in and knowledge about business," says Rachel Radway, managing editor of WetFeet.com, a San Francisco-based research and publishing company focused on careers and management.
Deutsche Bank recruiters, for example, visit more than 40 university campuses in the U.S., less than half considered "Ivy League," in search of candidates for its analyst program.
These universities are chosen based on academic reputation, their historic hiring relationship with the school, and degree disciplines, says Kris Peters, head of university recruiting at Deutsche Bank.
She adds that the bank's hiring criteria "is based entirely on the skills that we think lead to success in our businesses," among them educational background, as well as experiences that demonstrate leadership, work ethic and teamwork.
"As long as you've done well at a school with a decent reputation, you will be a good candidate," says Ms. Radway. She emphasizes the importance of references, summer internships and relevant coursework to gaining a foothold as an entry-level job candidate."
Oversee 4 apartments (2 duplexes). Rent, record rents, make sure rents are paid, clean up as necessary, etc.
Pay is 10% of collected rents.
"Sleep aids memory. Whether tested in animals or humans, studies have shown that sense memories--such as learning a certain sequence of dance steps--take root more solidly when paired with adequate rest. Now new research shows that so-called declarative memories--such as a sequence of facts--also benefit from slumber, especially when subjects are challenged with subsequent, competing information."
Each of the courses will include an introductory class, five Amphitheater lectures, five post-lecture classes of approximately one hour, and a wrap-up class. Students completing the course(s) for credit will be required to complete a writing assignment in addition to class and lecture attendance. Each course is offered at a special tuition rate of $44 for New York state residents and $80 for non-residents. Each student will also be assessed a $75 fee for Chautauqua Institution gate and parking passes for each course.
Please note that Week Eight (August 14 -18) focuses on “Business and Finance: America and the Fiscal Future,” and whether the American economy will boom or bust. Does America lead the world with innovation and a resilient and productive economy or is America ‘running on empty’ as the world’s leading debtor nation? What are the effects, if any, of the aging baby boomers, the development of alternative energy sources and the birthrate? What are the likely effects of tax policy, state and federal spending and the strength of the dollar? The week will also explore the financial health of major markets and developing economies around the world and their relationship to the United States economy. Scheduled guest speakers include Paul Solman, Phillip Marineau, Richard Bernstein, and US Rep. Michael Oxley.
To register for this unique educational experience, call 716/376-7500, ext. 2332.
"In 13 counties that include cities like Buffalo, Syracuse and Binghamton, the population of young adults fell by more than 30 percent. In Tioga County, part of Appalachia in New York's Southern Tier, 42 percent fewer young adults were counted in 2004 than in 1990."Make no mistake: this is not business as usual," Robert G. Wilmers, the chairman of M & T Bank in Buffalo, told his shareholders this spring. "The magnitude and duration of population loss among the young is unprecedented in our history. There has never been a previous 10-year period in the history of the upstate region when there has been any decline in this most vital portion of our population.""
You work so hard to get an interview and then blow it. Stupid."At Facebook, a popular social networking site, the executive found the candidate's Web page with this description of his interests: "smokin' blunts" (cigars hollowed out and stuffed with marijuana), shooting people and obsessive sex, all described in vivid slang.
It did not matter that the student was clearly posturing. He was done.
"A lot of it makes me think, what kind of judgment does this person have?" said the company's president, Brad Karsh. "Why are you allowing this to be viewed publicly, effectively, or semipublicly?""
but on the good side if it does:"After years of rising college costs and shrinking financial aid, it's come to this: Some graduates are now leaving college with student-loan debt in the six figures.
Graduates with more than $100,000 in debt still account for a small subset of borrowers. But their numbers are rising. And the proportion who are leaving college with some level of unmanageable debt — debt they can't repay without significant hardship — is swelling."
"Still, students remain willing to load up on loans in large part because studies have long shown that an investment in college pays off. The Census Bureau has estimated that college graduates will earn about $1 million more over their lifetimes than individuals with only a high school diploma."
"Those who consider intelligence a natural gift—or the lack thereof the
fault of bad genes—may have trouble recalling a fact they have just learned. On
the other hand, those who believe that intelligence is something that can be
acquired through dedication and hard work demonstrate more vibrant memories of
things past. Jennifer Mangels, PhD, assistant professor of psychology at
Columbia University in New York, says that such flexible thinkers have better
memories because they are less concerned about forgetting. "They look at a
mistake at a more meaning based level, rather than superficially." she says.
As a result, explains Mangels, the brains of flexible thinkers process
information in greater depth, increasing the likelihood of memorization."
On Sunday, June 11, WPIG 95.7 FM and WHDL 1450 AM will air an interview with Sr. Margaret talking about the exciting St. Bonaventure campus construction, the Capital Campaign, the University’s commitment to the Atlantic 10 Conference and a number of other University-related topics. Tune in at 6:45 a.m. on WPIG and at 10:05 a.m. on WHDL.
"Jonathan Rochelle, product manager for the Google Spreadsheet, said the service is targeted at individuals who want to do things like plan a reunion or track baseball scores for a little league team or small businesses.It allows up to ten users to collaborate together, and reflects their changes in real time. It also offers a number of standard features, like frozen column headings and sorting, but does not have charting, autofilter or drag-and-drop capabilities. Rochelle said Google plans on adding new features based on feedback from users."
"Student (sincerely): What can I do to get a better grade on the next exam?
Professor: Well, how did you study for the first exam?
Student: I went over the notes and thought that I understood them.
Professor: Did you read the textbook?
Student: No.
Professor (shouting): Read the #@$%& textbook!
Student (giving me the look like I'm crazy): I tried to read it but I didn't understand it.
Professor (calmly now, regaining his/her composure): Right on, that's why it's called "study."
Student (excitedly): Oh. I get it! I can't wait to get started!
"Welcome to Aplia's economic news blog, a place to explore current events that relate to your econ classes"Thanks to FinancialRounds (the Unknown Professor) for pointing it out!
"While a student, you'll learn all the theories and study great people in your field. It's all great and wonderful to do nothing but dream and do mock projects. An internship in the 'real world' will allow you to put the theories to the test and to do real work. Also, you'll learn about office politics, how people make money in your profession and hopefully pick up a mentor. Things that the university can't/won't teach you."So get out there and get one! ;) Seriously, I have seen many students turn around their college career for the better on the strength of a single intership. I can not stress enough their importance.
"All MBA classrooms are built as coliseums. They follow case methods almost universally across the country. Students come to class, where they get cold-called, and they're graded as much as half by how they respond. Teams of students meet -- and I've watched them for over 30 years now -- and they're brutal to each other. The professor plays the role of referee. "After blaming professors and adminstrators, the article gets around to a very useful perscription:
" Become a student of human interaction. In the classroom, students should be paying attention to interactions that do two things -- get the problem solved or make the point in the classroom in a way that doesn't cause harm in a relationship. "Which is a case of agreeing with the prescription but not the diagnosis!
When people are in their working world and attending meetings, most people don't know that there are two things happening -- the argument itself and the process of how that argument's unfolding. The capacity to constantly be observing the argument at hand as well as the process people are using to make their points makes you doubly empowered. "
"The actual statistical calculations represent only 5 percent of the manager's work," says Frances Frei, an assistant professor at Harvard Business School who teaches two-day statistics seminars to corporate managers. "The other 95 percent should be spent determining the right calculations and interpreting the results."
You may have seen this, I had not. It should be much easier to search for jobs etc. College Central is a job site (career center) for small and medium sized colleges. SBU has joined. You should look it over.
Welcome to the CCN Services for St. Bonaventure University
These services are available to students, alumni and employers.
Approved employers may post jobs and search résumés.
Available services, help guides and announcements of interest can be accessed through the icons below. All services are available 24 hours a day, seven days a week.
PRIVATE equity became a little less private yesterday.
A unit of Kohlberg Kravis Roberts & Company, the private equity giant that came to fame with the $25 billion buyout of RJR Nabisco in 1989, went public in a $5 billion offering in Amsterdam.
Demand for the fund unit was high: the offering raised more than three times what was expected. Nonetheless, its first-day performance was lackluster. Shares of the fund, KKR Private Equity Investors, closed down 1.68 percent on Euronext, the pan-European exchange, at $24.58. About 25 million shares traded hands, an eighth of the total listing"Bank of America Corp. (BAC.N: Quote, Profile, Research) shareholders, rejecting management's recommendation, on Wednesday voted to urge the No. 2 U.S. bank to require that directors be elected by majority vote.and:
At the bank's annual meeting near its Charlotte, North Carolina, headquarters, holders of 56 percent of Bank of America shares said the board of directors should begin a process to amend its certificate of incorporation or by-laws to require a majority vote.
"Bank of America had urged that shareholders turn down the proposal. It said the current system, under which directors are elected by plurality"
"Think of the blog as a course packet of largely optional readings...they are often interesting and can be used to get concrete examples of something we will be talking about in class.
The exception to this is if we actually do talk about a paper etc in class, then you should at least look at it...a test generally has 5% or so from the blog...so not a major concern...
and for all papers, just read to get the top two or three points...you definitely do not need to print everything out!
hope this helps..."
The Department of Finance and the Career Center are sponsoring this year's Bonaventure Finance Forum on Wednesday, March 1 and Thursday, March 2 in which a dozen alumni with financial-related business experience come to campus to interact with students via several venues and forums. The event will kick off on Wednesday afternoon at 3:30 p.m. in the Doyle Trustees Room with a panel discussion on Managing Your Career and is open to all students. Immediately following the panel discussion (which will allow opportunities for students to ask questions), we will hold a networking reception so that you might interact with our guests on a more intimate basis and begin building your network.
On Thursday, our guest will visit classes, conduct practice interviews, conduct actual interviews for internship and entry-level positions, and lead small group discussions. Juniors and seniors are particularly encouraged to participate in practice and actual interviews, which will be announced and coordinated through the Career Center this week. Contact Professor Stephen Horan (shoran@sbu.edu ) for a list of topics and times for the small group discussions.A representative from Kaplan will once again be offering FREE practice GRE, GMAT and LSAT exams on the St. Bonaventure campus. When:
Wednesday, Feb. 15
GMAT @ 6 p.m.
LSAT @ 6:15 p.m.
GRE @ 6:30 p.m.
Pre-registration with the Career Center is required. Register in person by visiting the Career Center, Rm 216 RC, by phone at 375-2384 or e-mail at career@sbu.edu At the time of registration, please provide the following information: name, major, year, phone, preferred test. Registration deadline is Monday, Feb. 13.
Connie Whitcomb, Director The Career Center
Five students who recently interned will be sharing their thoughts and ideas about their experiences on Tuesday, Oct. 4 at 6:30 p.m. in the Murphy Auditorium (sections A&B). Each student will briefly discuss his/her internship experiences and provide essential information about internships. There will also be a question and answer period. Refreshments will be served.Defnitely a good use of your time!
"Financial-services and management-consulting companies, the traditional drivers of M.B.A. hiring, flocked back to campuses during the 2004-2005 school year, dangling richer paychecks and signing bonuses. And companies that hadn't retrenched as much as banks and consultants also stepped up hiring, leading to the most robust recruiting season since the severe downturn began in 2001.
'The recovery seems to be solid,' says Maury Hanigan, a New York consultant who works with companies on their campus recruiting programs. 'Companies are no longer as tentative as they set up fall interview schedules at business schools; they feel confident they will need more people by the time students graduate.'"
"Masaniello said engineering, technology and financial services will continue to be hot field"
For chapters 3---A great chapter for practice problemsPractice Questions page 31--#2, 3, 4, 5 (good but long), 8
Challenge
questions P 32--#1, (2 is probably good, but so long I doubt it is worth
doing)
Questions: 1 (really easy), 2 good for understanding,
3 and 4 are much
better,
5 is very similar to some test questions I have
used
6—easy
8—again a former test question
9—practical question
21-worth doing
22—past test question (with different
numbers)
23—challenging but this is my 301 second project...don't tell them
yet!
Challenge Questions
1.a almost always useful
2-if you want tables
for the test, here is your
chance
3—again similar to a past test question
For Finance 301 students:
A few quick comments that may make your lives easier
For Finance 301, there are several topics in chapter one (specifically section 1.3 on the legal forms of business organization) that were not covered in class. You should read these sections. We will cover them in a later context during the semester (for instance 1.3 will be covered in our Entrepreneurial Finance day in November.
You are responsible for the videos mentioned from the text (see class notes). The ethics videos (on Intel will be good introduction to why ethics matter.
Suggested problems from Chapter 1---you should know the questions and problems
As for the problems, know how to do 1.1 but I doubt I will ask one, but the idea will be important in entrepreneurial section in November.
Chapter 2
Questions and problems: pay particular attention to Q2-1, Q2-4, and Q2-6 to Q 2-9
problems: P2.2 is excellent and the animated solution is available on the text's web site.
P2-11 is much like a test question I may ask.
Hope this helped
Jim,
It seems that things around the world are continually getting worse. And the more I read about the latest issues, the more shocked I become.
I’ve always been somewhat of a conspiracy theorist so it does not take much to get me to buy into things easily, however, after everything I have learned in school and experienced in life, there just seems to be many things that just don’t equate. Living through the DotCom bubble and seeing fortunes won and lost and investment banks floating some of the most questionable IPOs, watching wars planned and executed on the some of the thinnest justification, and watching our economy being run recklessly.
The list of issues and topics is extensive. Global economics, CEO pay, record low interest rates, housing prices, energy prices, etc. It’s difficult to put so many of these topics into context. It just seems that a group of wealthy & powerful people are playing Monopoly on a global scale and they are playing to win. The middle class is become extinct. Now we have energy prices skyrocketing. Is the government telling us everything they know about the energy situation? How will people afford to commute to work if gas goes up to $4/gallon? How can they move closer to the cities they work in if they can’t afford to live there?
http://www.lifeaftertheoilcrash.net/BreakingNews.html
http://www.austinchronicle.com/issues/dispatch/2005-04-29/cols_ventura.html
As for your questions on the gloom and doom that you feel pervade the world. Please do not take this personally, but totally disagree. In fact that is why I waited a while before responding. I wanted to be sure I had read your mood correctly and not just reply off the cuff.
Writing this in the aftermath of Hurricane Katrina with its amazing suffering, destruction, egregious looting, and apparent lack of recovery planning, it is easy to get caught up in the idea that things are not good, that the world is doomed, and that people are inherently evil. I disagree. Of course things are not perfect, but they are much better for most people than they ever have been.
“Things” are by and large good. Indeed arguably things are better than they have ever been. Yes that is a massively large statement, but I do believe it to be true.
(Indeed, I would suggest that you read the first half (the second half of the book is very political IMO and not nearly as good) of The Progress Paradox by Gregg Easterbrook. In the book he brings up the very interesting point, if you could pick a time, ANY TIME, to go back in history on the condition you had to stay there for the rest of your live, would you? I would not. Sure we have problems, but so did everyone else who has ever lived.
If I could, I would like to address some of the points in your email:
DotCom bubble and accompanied market volatility: yes prices were too high and yes people lost millions of dollars. But I would add to this is not the first, and is unlikely to be the last, so-called bubble. In these bubbles, people lose money. It has happened going back to the time of the middle ages. That so many ordinary investor lost money in stocks this time is or of an indication that more were investing than ever before. Sad for the individuals (who should have been better diversified etc., but definitely not evidence of a conspiracy theory.)
In my classes we cover the bubble and subsequent corporate governance crisis in some detail. We go back and remind students that people are REMMs (see my site for description if you forget from class ;) ) and that they look out for their own best interests and respond to changes in the environment. During the period leading up to the governance crises (post bubble burst period where fraud and corruption were exposed at Enron, Adelphia, Tyco etc.), much in the environment changed. In sort of a “perfect storm” these changes allowed, and even encouraged, the problems of fraud and risk taking to occur. I think understanding how the problem developed is important to lower the fear that can accompany the volatility as well as to prevent future problems.
I will not deny that these were (and to some degree continue to be) problems, but they are not so severe as many believe. Moreover, a few “bad apples” does not mean that all (or even the majority) of apples are bad. In fact, that these events were news at all suggest that they are atypical.
On to another topic that you bring up: global economics. I do not know exactly what you mean in this regard. If you are suggesting that global economics is a bad thing, I again have to disagree. In fact, there may be nothing we can do to lift the world’s poor more than to engage in free trade. One needs only to look at the success of nations that embrace free trade to see that this does work. As some evidence I give you two Alan Greenspan speeches:
1. From
2. From
Note, this is not saying that there are not many very very very poor people in these developing countries, but it is to say there are fewer of the poor because of free trade than there would be in its absence.
Now free trade does lead to many changes and there are losers involved. However, these losses tend to be short-term and fairly isolated. A problem however is in what is isolated from a global economic perspective is very concentrated for those who are the losers. (indeed in The World is Flat Thomas Friedman writes something to the effect of “for the unemployed worker, the jobless rate is not 5%, but 100%).
As for your next topic, energy prices, sure they are rising, but until this week most of the rise seems to be demand driven. A relatively simple rule of thumb is that when economies pick up, so too does energy demand. Yes there is talk of “peak oil” and at some point we will run out of oil. But whether that is now or 100 years from now we really do not know. However, that said, the best way to prepare for that eventuality is to allow market forces to work. As the price of energy rises, more and more so-called alternative energies will be developed.
If we were to somehow keep prices low (be it through caps, subsidies to producers, etc), then we would fail to develop the alternative energies needed. Indeed, a few years ago, the Saudi oil officials argued that high prices were a threat to the oil business for exactly this reason.
Again the rising costs of energy do cause problems and are inconvenient, but in the big picture, these costs and inconveniences are that not necessarily that harrowing. Moreover, imagine a previous age where people had to reply on wood for power. Not only was this MUCH more expensive, but the energy produced was both dirtier and less powerful. It is likely that at some point in the future humans look back and laugh at our use of oil and gas.
To your question of how people can afford to commute if prices continue to rise, it is likely that this is one of the “inconveniences” I mentioned above. It might mean they need to take mass transit or car pool, or work from home, or maybe it means they live in a smaller home nearer to work (thus slowing suburban sprawl). However, it is worthy to point out that most of these are longer term fixes. As the tried and true economics’ adage holds that things tend to be fixed in the short term but variable in the longer term.
Your email reminds me of missionary who came to the door shortly after 9-11. She claimed that we lived in the most violent time ever. I am sure she meant well, but I refused to believe her argument. Instead I explained to her that that while every violent death is one too many, the number of people dying violently today is arguably much lower than at any point in our history and definitely so if you measure it on a per capita basis. What is different is that technology now allows us to experience the violence: we see the explosions, we hear the cries, we see the bodies. That is vastly different than in previous ages where thousands, indeed millions, of people could be killed without the world knowing about it for years.
In finance classes we often discuss the idea that transparency is good. The same can be said about this technological change that has increased transparency in all aspects of life. This transparency can help prevent crimes from occurring. (One exception of course is terrorism, the advocates of which crave the attention.) However, this transparency comes with a cost: it plays on the mental health of all.
To make matters worse for our mental sanity, bad news sells better than good news. When was the last time you heard about the person who did not get robbed? The house that did not burn? Or even in the current case of
This is almost always the case. For instance, currently I am watching TV on the aftermath of Katrina. The VAST majority of stories are on looting, fires, and suffering. Not about how a neighbor helped someone, or the strangers who are sharing what little food they have.
Thus, we are constantly hit with bad news. It makes it seem like things are really bad elsewhere. Indeed, I thought it interesting that you say you are doing well but are worried about others suffering in the economy. Your concern for others is natural but many of those you are worrying about would say that they are doing fine but that they are worried about you.
The websites you mention are a by product of this. Indeed they are part of a larger attempt by certain people to convince others of the “gloom and doom” facing the world. This message is not new. It has been around for hundreds (and probably thousands) of years. Indeed, Economics has gotten the nickname of the “Dismal Science” for that reason.
Added to the mix is the fact that we do live in a time where change is occurring at a faster rate than ever before. And since change is always scary, the times have leant themselves to many fear-mongers who want to stop change or to revert back to some supposed idyllic past era. These proponents live in all areas, across all time periods, and hold many beliefs. And to make matters worse, they generally mean well and almost always have convinced themselves and their followers that they are doing the right thing. However, I feel they are merely making themselves, their followers, and others miserable.
“Our doors — and our hearts — are open,” said Sr. Margaret Carney, O.S.F., S.T.D, University president. “We have put into motion every effort to accommodate students from higher education institutions affected by the hurricane and invite them to contact us. Our goal is to help these students continue their education without interruption.”
We're asking all faculty, staff and students to help us by sharing this information with any professional or social organizations you're affiliated with.
"We expect students to return to their home institutions at the earliest possible moment and will make every effort to help them with that transition," said Mary Piccioli, dean of enrollment. "Our classes began August 29, so it’s important that students contact us as soon as possible if they’re interested in attending classes at St. Bonaventure."
Interested students can contact St. Bonaventure via Mary Piccioli at (800) 462-5050, or via e-mail at admissions@sbu.edu. For full information on St. Bonaventure’s response to Hurricane Katrina, please visit the University’s Web site.
