Fox in the News
2008
Metro, "Reformers’ Roundtable The drop on DROP"
July 21, 2008
The city of Philadelphia’s Deferred Retirement Option Plan allows elected officials to start collecting their pensions early. Is it an option they should have? “Elected officials should be paid well enough so that they don’t need or hat the urge to make money on the side that would compromise their integrity,” said Frederic Murphy, Temple Fox School of Business professor of management science. “Given the relatively low salaries, they should be allowed to participate.”
Philadelphia Business Journal, "Business lending tougher"
July 11, 2008
Credit is tight this summer, even for good businesses seeking loans. "Last year, there were no standards," said William Dunkelberg, economics professor at Temple University and chairman of Liberty Bell Bank in Cherry Hill. "You just needed a pulse to get a loan. But banks are not venture capitalists. If there's no collateral or business history, they are supposed to be judicious
and make low-risk loans."
The Philadelphia Inquirer, "Pay and performance: The view from the top"
June 26, 2008
When it comes to keeping the best CEOs, the issue of salary is a significant one. Earlier this year, Rep. Henry Waxman called several corporate CEOs to a House hearing to have them justify their high salaries in light of low corporate performance. Did it have an impact? "The bottom line, they still went home to their mansions," said Steven Balsam, an accounting professor at Temple University and author of Executive Compensation: An Introduction to Practice & Theory.
Bucks County Courier-Times, "Hospital revenues up, but so are unpaid bills"
June 12, 2008
According to a new state health care cost analysis, most hospitals in the Bucks County area are seeing small profits. If profits fall below 2 percent for more than a year or two, hospitals face serious financial trouble, said Thomas Getzen of Temple's Fox School of Business. "You can't go too long without a positive margin," he said. "The hospital business is competitive. If you can't provide new amenities and new services, you're in trouble."
Philadelphia Inquirer, "Perk up: Economy isn't all that bad"
July 6, 2008
Despite gloomy media reports, local experts agree that the state of the economy may not be all that bad. William Dunkelberg, an economics professor at Temple's Fox School of Business and chief economist for the National Federation of Independent Business, said the economy was surprisingly strong. "The economy's not in recession," he said. "The positive is, look how resilient it is."
National Post (Canada), "Survival a creative exercise in rust belt cities"
June 6, 2008
Economic survival is a challenge in rust belt cities. Casinos and convention centers might produce hospitality jobs, but they cannot replace a healthy, industrial tax base. "It's like a stock portfolio: You need diversification," said William Stull, chair of economics at Temple's Fox School of Business. "Without it, you're carrying too much risk." Stull, who has just returned from a tour of extinct mining towns in southwest Montana, said that whether it is mining or manufacturing, industries across the continent have shrunk or vanished.
Chronicle of Higher Education, "Great, My Professor"
June 6, 2008
A Temple business professor has set up "Thank You Professor," a Web site that offers a positive alternative to the often hurtful feedback faculty members get at popular sites such as RateMyProfessor.com. The comments have been flooding in. "There are so many vehicles for students to express their opinion," says the site's creator, Samuel D. Hodge Jr., chair of the Fox School's Department of Legal Studies. "But there's nothing really at the school where the professor can get a letter directly from the student."
BBC World News
June 6, 2008
In a live report from Philadelphia, BBC World New explored unemployment pressures on young Americans looking for summer jobs. "It's going to be hard to get that summer job, because everyone is worried about the bottom line, cutting costs, and that means doing without one or two or more employees and consequently opportunities are down," said Temple economist William Dunkelberg.
U.S.News & World Report, " Health costs after 65: ouch, even with Medicare"
June 4, 2008
In her "On Health & Money" blog, Michelle Andrews describes healthcare costs for retired Americans. A recent study co-authored by Jack VanDerhei of Temple's Fox School of Business shows that a couple without employer-sponsored retiree coverage can expect to need anywhere from $194,000 to $635,000 to cover healthcare premiums and out-of-pocket costs during retirement.
Treasury and Risk magazine, "100 most influential people in finance"
June issue
Jack VanDerhei, professor at Temple's Fox School of Business, was selected as one of the 100 most influential people in finance for 2008. As research director of the Employee Benefits Research Institute, VanDerhei has his finger on the pulse of DC retirement plans.
CBS3,"Shoppers bracing for 'grocery gloom'"
May 29, 2008
Rising oil prices will hit the grocery store as much as the gas pump. "None of us really realizes how much of what we consume everyday is based on oil," said economics expert William Dunkelberg of Temple University. Essentially, any plastic item or anything wrapped in plastic is affected. Dunkelberg said the price increase will vary based on how much of a given chemical is in a product, but shoppers can expect to see some price increases in as soon as a week or two.
USA Today.com, "Rust Belt communities take a chance on tourism"
May 28, 2008
Former manufacturing towns like Erie, Pa., are hoping to buttress their economies with tourism. But William Stull, a professor of economics at
Temple University, warned that low-paying tourism jobs could not revive Rust Belt communities. To prop up shrinking tax bases, such towns must attract companies that hire educated workers, he said. Tourism could, however, force them to clean up and attract higher-end companies, Stull said. "There's no way that this [tourism] could possibly replace the jobs and the economic base in these areas," he said. "It's impossible."
Philadelphia Inquirer,"Once-industrial Erie turns toward tourism"
May 25, 2008
Former manufacturing towns like Erie, Pa., are hoping to buttress their economies with tourism. But William Stull, a professor of economics at
Temple University, warned that low-paying tourism jobs could not revive Rust Belt communities. To prop up shrinking tax bases, such towns must attract companies that hire educated workers, he said. Tourism could, however, force them to clean up and attract higher-end companies, Stull said. "There's no way that this [tourism] could possibly replace the jobs and the economic base in these areas," he said. "It's impossible."
Jewish Exponent, "Buying into cooperation"
May 22, 2008
Fox School of Business Dean Moshe Porat presented Warren V. "Pete" Musser the Yitzhak Rabin Public Service Award on behalf of the America-Israel Chamber of Commerce.
Philadelphia City Paper, "(Save Some) Green Grocer: Does Acme's tax-rebate deal make sense?"
May 14, 2008
Acme grocery chain is offering incentives if you spend your federal economic stimulus check with them. Does it make sense to use the check on groceries? William Stull, a professor of economics at Temple University, thinks so. He believes the tax rebates will stimulate spending, and sees the logic of programs like Acme's. "Look, food is pretty important," he says. "Prices for food are going up. It might be an advertising gimmick. But the rebate is supposed to be targeted toward spending, so there you go."
CN8 "Money Matter"
May 7, 2008
Fox School of Business professor William Dunkelberg discussed the growing use of credit cards in a slowing economy.
Metro, "Shuttered program leaves city on hook"
May 5, 2008
Frederic Murphy, professor at the Fox School of Business, was one of three people discussing what should be done with programs like Safe and Sound. Murphy said City Council should pass legislation requiring thorough audits of all contracts with, the auditors reporting to council.
Philadelphia Inquirer, "Economy great - for pawnshops"
May 2, 2008
With the economy slowing and the price of everything from gasoline to food on the rise, one sector is doing great: pawnshops. "Upper-income people are in pawnshops nowadays, needing money right away to meet payments," said William Stull, chairman of the department of economics at Temple University's Fox School of Business and Management. "We are in an economy in which many people are living right at the margins, even middle- and upper-income people. They have little savings, they've borrowed so much, their credit-card bills are high, and their house values are going down."
WHYY radio
May 1, 2008
Fox School of Business professor Bruce B. Rader discussed the federal rebate checks and what impact, if any, they will have on the Philadelphia economy.
McClatchey News Service "Bush: Tapping ANWR would help lower gasoline prices"
April 30, 2008
President Bush is urging Congress to allow oil exploration in Alaska. Will it help expand supply and drop prices? Some energy experts say there's little Bush or anyone else can do in the short term to ease consumers' pain at the gas pump. "It's a world market, and the U.S. every year is a smaller player," said
Frederic Murphy, a professor of operations management and management science at Philadelphia's Temple University.
Daily News "Q & A: Getting a handle on the economy"
April 30, 2008
What's going on with the economy and how does it affect the average consumer? Temple Fox School of Business finance professor Bruce B. Rader broke down the economic jargon in this Q&A.
Philadelphia Inquirer "China strains U.S. safety net"
April 25, 2008
Americans like the cheap goods we get from China. Some U.S. companies have invested heavily in China precisely because they wanted to avoid this country's rules, said Masaaki Kotabe, professor of international marketing at Temple University's Fox School of Business. As the economy suffers, he said, Americans are likely to be even more drawn to Chinese-made goods. The more cost-conscious they are, the more likely they are buying products from China, he said.
The Wall Street Journal online "The Pension Protection Act and 401(k)s"
April 22, 2008
Writes Fox School of Business Professor Jack VanDerhei: When Congress enacted the Pension Protection Act of 2006 (PPA), its primary focus--as the title indicates -- was on defined benefit pension plans, the type funded entirely by employers. Even though they are not in the title of the law, 401(k) plans also were significantly affected by PPA. In fact, the law opened the door for some of the most sweeping and beneficial changes in how 401(k)s operate -- both for the private-sector employers that sponsor these retirement plans and for the workers who participate in them.
NPR's "News & Notes" "Inside the Pennsylvania primary"
April 21, 2008
Temple student Jamira Burley and Thaddeus Mathis, professor of social administration and co-director of the Center for African American Research and Public Policy, joined News and Notes host Farai Chideya to discuss the democratic primary, gun laws and violence in Philadelphia. My brother's death really opened my eyes to the effect that guns have on the community-at-large and I decided to do something, said Burley who wants to see national and local administrators work to create tougher gun laws.
Philadelphia Inquirer "Do you have enough for retirement?"
April 20, 2008
Forget the scenes of blissful gray-haired couples prancing on exotic moonlit beaches. Replace the image with Mother Hubbard digging through the cupboard, or a gray-haired wretch toiling on the job long past 65, writes columnist Gail MarksJarvis. Most people retire without calculating what they will need, and fast-rising health-care costs are taking them by surprise, said Jack VanDerhei, a Temple University professor.
Fox Business Network "When it Comes to Retirement, Americans Remain Shaken, Not Stirred"
April 17, 2008
In her "Your $ Matters" column, Gail Buckner writes that Americans are starting to recognize that they haven't saved nearly enough for retirement. Jack Vanderhei of the Fox School of Business says that people's confidence about retirement issues has declined sharply -- a trend caused in part by media coverage and the presidential campaign, which has focused on Medicare funding problems and rising health costs.
University Business "Lecture Capture: A Fresh Look"
April issue
For a story on “lecture capture” technology, writer Ann McClure discussed the strides being made at the Fox School of Business. Associate Dean John DeAngelo discussed the quality control needs to make sure the system is producing a valuable final product.
CBS3
April 13, 2008
Food prices are on the rise and one basic reason is the increasing price of corn. Fox School of Business economist William Dunkelberg explains that corn and corn products like sweeteners are used in a wide variety of foods, so when corn prices rise, many other food items also get more expensive.
FOXNews, Pravda, FinancialWeek, Pittsburgh Post-Gazette, MSNBC
April 10, 2008
Eileen Alt Powell's Associated Press story on the increased worries of wage earners based on Jack VanDerhei's research continued to gain wide media play. VanDerhei is a professor at the Fox School of Business. More than 100 media outlets have used the story so far.
CN8 'Money Matters'
April 7, 2008
Fox School of Business Professor William Dunkelberg discussed several economics issues, including the declining state of home values and how rising energy costs are hurting businesses and families.
Philadelphia Business Journal "Disparate backgrounds unite 3 in IT honored by Fox School"
April 4, 2008
Three men being honored as technology leaders by Temple University's Fox School of Business on April 9 come from three different parts of the information-technology universe. The three are Cristóbal Conde, president and CEO of SunGard Data Systems Inc.; Joe Weiss, chairman of Electronic Ink Inc., based in Center City; and Matthew Charles Mullenweg founding developer of WordPress, an open-source software for publishing blogs.
(Toronto) Globe and Mail "All in the family, all in the workplace"
April 4, 2008
Business professors Alison Konrad of Ivey and Ph.D student Lisa Stickney of Temple University in Pennsylvania found that married women with "egalitarian attitudes" and supportive husbands have much greater earning power than women who feel compelled to rush home and take care of the household chores after work.
CN8 'Your Morning'
April 2, 2008
Fox School of Business Professor William Dunkelberg discussed the regulatory changes Treasury Secretary Henry Paulson has proposed for Wall Street.
ABC6
March 26, 2008
Students packed Temple's Mitten Hall for World Languages Day.
Vancouver Sun (Canada), "Lower pay linked to women's attitudes"
March 21, 2008
Married women who focus on their traditional role as homemakers may be to blame, at least in part, for earning less than married men in their careers, a university study suggests. A study co-authored by Lisa T. Stickney at Philadelphia's Fox School of Business and Management, Temple University, found a difference among married women's earnings, depending on their attitudes on the appropriate roles for women and men in the family and in wider society.
ABC6
March 17, 2008
Fox School of Business economist William Dunkelberg discussed the failure of banking giant Bear Sterns and what it signals about the banking industry.
Philadelphia Business Journal "Advice is cheap at business schools"
March 14, 2008
A number of local businesses are using Fox School students as consultants. Basically [students] are consultants at the undergraduate level -- that is unheard of, said Nicole DeSilvis, who teaches the schools international business capstone. Commenting on Fox Schools MBA requirement to consult, T.L. Hill, managing director of the enterprise management consulting practice, said, We like to think of it as an MBA residency.
CNN Money "Does Anyone Listen To Risk Managers?"
March 14, 2008
In the events leading to the subprime crisis, it's likely that the advice of some risk managers was ignored, said David Cummins, a professor of risk insurance at the Fox School of Business at Temple University in Philadelphia. Subprime mortgages were so profitable "that (business) people at firms weren't raising cautionary flags because they were making so much money. Risk managers may have blown the whistle but went unheeded," he said.
Metro
March 14, 2008
Examining the impact of the Foxwoods Casino in South Philadelphia on jobs, Metro reporter Solomon Leach writes that Fox School of Business Professor Fred Murphy projects a net loss of almost 6,000 jobs thanks to other businesses that will suffer a loss of revenue, although it is uncertain how many of those will be in the community.
Biz Ed, "Measures of Success"
March/April
An article on assessment for undergraduate programs explains that when Temple University Fox School faculty found that students needed to improve their ability to integrate information across disciplines they created a junior-level course built around a Capstone computer simulation to address this issue.
CN8, "Art Fennel Reports"
March 11, 2008
Fox School of Business Professor Bruce Rader discussed general conditions in the overall economy and the credit markets, and looked ahead to the impact on employment and the growing probability of a recession.
Bloomberg News
March 4, 2008
Fox School of Economics Professor William Dunkelberg appeared on a Bloomberg election panel discussing the potential impact of each candidate¹s election on the economy.
San Diego Union-Tribune, "Reviewing for a test could be just a click away on your iPod"
March 4, 2008
Writes Sherry Saavedra: "Today's classrooms are increasingly high-tech with electronic chalkboards that work like touch-screen computers, wireless access, Web cams and clickers that use infrared rays to project students' responses on a screen. So perhaps it was inevitable that an electronic version of the daily class lecture is now available to students anytime, anywhere." Saavedra notes that more than 50 classes at Temple's Fox School of Business are recorded and available for later download.
Philadelphia Inquirer, "Annette John-Hall: Can't the mint just make us all some money?"
February 29, 2008
Columnist Annette John Hall suggests that if the economy needs a boost, the mint should just make more money. Her plan wouldn't be so bad, except the money might not make it into circulation. Save or spend? What makes sense for the person doesn't necessarily make sense for the country, says Temple economics professor William Stull.
Metro
February 25, 2008
In the Reformer's Roundtable section, Fox School of Business professor Frederic Murphy talks about Mayor Michael Nutter¹s first budget proposal. The mayor should budget conservatively this year and use any surplus at the end of the year as a down payment for the rainy day fun, advised Murphy.
Philadelphia Inquirer, "John G. McKevitt: Temple administrator, 88"
February 16, 2008
John G. McKevitt, a retired Temple University administrator, died three days before his 89th birthday. For 13 years, McKevitt was involved with planning for Temple's city and suburban campuses. His projects included the construction of a computer center, Dixon Hall at Temple's Ambler campus, and the expansion of the dental school. He retired in 1982 as associate vice president for planning.
Jewish Exponent, "Getting down"
February 14, 2008
The Exponent ran a photo of Dean M. Moshe Porat of the Fox School at Temple University, Howard Cohen, special assistant to the dean and industrialist/ author/Holocaust survivor Gordon Zacks. Zacks recently addressed faculty and students about the roots of genocide and the ethical willpower needed to battle it.
KYW, "Local expert calls mortgage bailout program 'window dressing'"
February 12, 2008
The Bush administration has announced a bailout plan for some homeowners facing foreclosure because they can't pay the mortgage. Dr. Jonathan Scott, associate professor of finance at Temple University, says this won't help much, because property values and family finances aren't likely to improve in one month. He's also concerned about the precedent being set by the program:
"If you're going to do this for these homeowners, what's next? What about auto loans, where people may have made bad decisions about how much they wanted to borrow for a car? Or consumer loans? What about commercial mortgages that are showing signs of distress?"
Philadelphia Inquirer,"Chester stadium: Two views"
February 12, 2008
Is a pro soccer stadium in Chester worth millions of public dollars? Academics who have researched the economic impacts of a new stadium are
skeptical. "Plopping down a stadium," said Temple University assistant dean Michael Leeds, coauthor of The Economics of Sports, "does nothing for a city."
KYW
February 11, 2008
Looking for a new job? Try using social networking sites, suggests Corinne Snell from the Fox School of Business Center for Student Professional Development. Snell talked with reporter Hadas Kuznits in this podcast report.
KYW, "Temple students provide income-sensitive tax assistance"
February 9, 2008
This tax season, college students in Montgomery County are helping low-income residents file their tax returns. Students at Temple University's Ambler campus have been trained to help low and moderate income families file their state and federal taxes. According to Fox School of Business accounting professor Steven Balsam, it's a win-win situation. Taxpayers get free help and the students practice their skills.
Metro, "Reformers’ Roundtable: A 3-1-1 system"
February 4, 2008
In "Reformers Roundtable," Frederic Murphy, a professor of management science/operations management at Temple's Fox School of Business, explained the benefits of a 3-1-1 system, a non-emergency telephone service used by some communities to improve citizens' access to municipal services. "One of the great features of a 3-1-1 system," Murphy said, "is that what people call about shows what is important. Let the callers tell the government leaders rather than the other way around."
Los Angeles Times, "High anxiety for 401(k) investors"
January 30, 2008
A shaky stock market could have a big impact on private retirement plans. Given the public's growing dependence on 401(k) accounts, a deep or prolonged downturn in the markets could have a broad societal impact, said Jack VanDerhei, a retirement specialist at Temple University. "Without a doubt -- comparing where we are today with 401(k) plans as the primary form of retirement savings for many baby boomers -- the impact of a down equity market has a much bigger impact on society than when traditional pensions were the primary form of retirement income," VanDerhei said.
USA Today, "Turning 62: Research, caution help in handling lump sum"
January 28, 2008
Without adequate planning, the exorbitant cost of nursing home care can deplete your retirement portfolio. Middle-income consumers are most at risk of being squeezed, says Jack VanDerhei, a fellow at the Employee Benefit Research Institute and a business professor at Temple's Fox School of Business. That's because they likely won't qualify for Medicaid, VanDerhei says, and might not be able to afford nursing home care.
Ft. Worth Star-Telegram, "Lean economy may hinder Cowboys stadium naming rights deal"
January 28, 2008
The new Dallas Cowboys stadium still doesn't have a name, and experts say it could be difficult for a company to defend a multimillion-dollar marketing deal to its shareholders and employees. In a study co-authored by Michael Leeds, associate professor of economics at Temple, the authors found that most naming rights offer "no economic value" to the companies that buy them. And given the national economic woes, Leeds said that more companies will be reluctant to pursue such deals. "In general, such budgets, like luxury box sales, take a hit during economic slumps," Leeds said.
Philadelphia Inquirer, Associated Press, "Pugilist, thespian - now a scholar"
January 27, 2008
Sunday's front-page story explores the extraordinary saga of Randall "Tex" Cobb, the former boxer and actor who, at age 54, just earned a bachelor's degree, magna cum laude, from Temple's School of Tourism and Hospitality Management. Cobb decided to go back to college a little over three years ago. During his time as a student, he also worked construction jobs in the Philadelphia area. "This was no honorary degree," said Assistant Dean Jeffrey Montague. "He worked hard for this. He's a tremendous guy, a very, very genuine person. Some of the same qualities that made him a successful boxer made him a great student."
Clarion-Ledger (Jackson, Miss.), "Employers abandoning pensions"
January 27, 2008
After World War II, many companies set up pension plans that promised each employee a specific monthly benefit at retirement and required no investment decisions on the employee's part, said Jack VanDerhei, a Temple pension specialist. "The trend ever since 1974 has been moving in favor of defined contribution 401(k) plans," VanDerhei said. "The pace has picked up a lot in the last two years because of large pension plan sponsors doing pension plan freezes."
Bucks County Courier Times, Metro, "No one knows for sure how plan will help the average American"
January 25, 2008
It's too soon to tell what impact, if any, the federal economic stimulus package will have on the economy.This is called discretionary fiscal policy, William Dunkelberg, a professor of economics at Temple University's Fox School of Business told the Courier Times. It's always too late. And it looks like it's too little.
CN8, Arthur Fennel Reports
January 23, 2008
Fox School of Business Research Assistant Professor of Finance Bruce Rader discussed the Fed¹s interest rate cut and its intended impact on the stock market. Rader advised investors to stay calm about the economy.
Pittsburg Tribune Review, Newport News (Va.) Daily Press, "Government mess times 2"
January 23, 2008
Columnist Walter Williams believes the Bush administrations plan to help those caught in the subprime loan problem will cause even bigger issues. To support his argument, Williams points out that according to Temple University professor of economics William Dunkelberg 96 percent of all mortgages are being paid on time; 30 percent of American homeowners have no mortgage; delinquency rates were higher in the 1980s than they are today; only 2 percent to 3 percent of all mortgages are in foreclosure; and the government bailout helps a few people at a huge cost to the rest of the economy.
Reuters, "Tips for small businesses on surviving a recession"
January 22, 2008
With lean times ahead, small business owners need to husband their cash. Bill Dunkelberg, chief economist for the National Federation of Independent Businesses and a business professor at Temple University, advises small companies to keep their inventories lean. Don't spend your money, your cash, on things you can't liquidate, Dunkelberg says. Be careful not to be lured by government inducements such as low interest rates or tax credits.
CIO Insight, "Should CIOs Report to CEOs or CFOs?"
January 21, 2008
Temple Fox School of Business professor Rajiv Banker says conventional reporting structures at many companies will not produce the desired results.
The Scientist, "Academia plays a part in keeping graduates in the region"
January 2008
At Temple University, many students already have roots in the region, "so we have a vested interest as a university to really create job opportunities for them," says Chris Pavlides, executive director of the Innovation and Entrepreneurship Institute (IEI) at Temple's Fox School of Business.
Philadelphia Inquirer, "Urban Outfitters is going green"
January 19, 2008
This spring Urban Outfitters will sprout a new store concept named Terrain, launching it with the purchase of J. Franklin Styer Nurseries Inc., a
well-known garden center on Baltimore Pike in Concordville, near Chadds Ford. Temple University marketing professor Michael Smith said Urban's plan is all about margin diversification.
Bucks County Courier Times, "Levitt and Sons now bankrupt"
January 18, 2008
The burst in the housing market bubble is having a varied impact around the country. Florida, the Southwest, California, New York - the places that saw the biggest increase in housing values over the last five or six years - are now seeing the biggest declines. That's why you see a lot of foreclosures in Florida, said Forrest Huffman, a professor of real estate and finance at the Fox School of Business at Temple University.
Biz Ed magazine
January/February 2008
In it's research section, this month's issue includes an article, "Lower Pay Reflects Bias Against Women Execs" based on Fox School of Business professor Rajiv Banker's research on "The Gender Pay Gap in the Board Room: Are Women Executives Underpaid?" The study focused on whether and why women in positions of leadership were paid less than their male counterparts.
CN8 'Art Fennell Reports'
January 7, 2008
Fox School of Business economics professor Bruce Rader discussed the economic outlook for 2008 during an interview with Art Fennell.
Jewish Exponent, "Bad Neighbor!"
January 4, 2008
A bad neighbor can hurt the sale of your home. Forrest Huffman, Ph.D., professor of real estate and finance at Temple University Fox School of Business, noted that bad neighbors are recognized as a nuisance legally. "The issue of bad neighbors is well-documented in nuisance law, zoning codes and deed restrictions, to some extent, but there is little research evidence from academia that I know about," he said.
2007
HR Magazine
December 2007
As 401(k) plans grow, traditional pensions are retreating. "There are major structural changes under way in the American retirement system, driven mainly by cost and accounting pressures," says Jack VanDerhei of Temple's Fox School of Business. The trend is driven by the Pension Protection Act, often raises pension plan costs, and by accounting rule changes that may increase the cost and risk of offering a defined benefit pension to workers.
USA Today, "Too many 401(k)s still have too much company stock"
December 14, 2007
Despite the hard lessons from the 1990s, many employees still have too much of their company¹s stock in their investment portfolio. Why? "Some who aren't sure how to invest wisely simply do nothing as their employer automatically invests its 401(k) matching contributions in the company stock," says Jack VanDerhei of the Employee Benefit Research Institute and a professor at Temple University's Fox School of Business. "Eventually, that stock will represent an ever-larger portion of the total 401(k) portfolio."
Philadelphia Inquirer, "The Philly CEO difference: Cash"
December 10, 2007
When it comes to executive salary, the race to be competitive is as hard fought in Philadelphia as in any other major urban American city. Executive compensation is continuing to climb. That is because companies benchmark their compensation against similar companies, according to Temple University accounting professor Steven Balsam, author of Executive Compensation: An Introduction to Theory and Practice. Most companies want to pay their CEOs somewhere above the middle of the range. Over the long run, it tends to run prices up, because no one wants to admit their CEO is below average, he said.
MSN.com, "Top 10 Entrepreneurial Colleges"
December 10, 2007
The Princeton Review lists Temple University as one of its top 10 most entrepreneurial colleges. Hands-on opportunities abound at Temple's Fox School of Business Innovation and Entrepreneurship Institute in Philadelphia. Temple focuses squarely on entrepreneurship, which is
integrated into its mission for urban renewal and economic development.
SmartMoney.com, "Mortgage Relief Plan a Double-Edged Sword"
December 10, 2007
President Bush¹s plan to help those caught with suddenly escalating subprime mortgages could make investors skittish. "This agreement adds a new dimension of risk that investors will have to consider in future," said Anne Zissu, associate professor of finance at Temple University and an author of books on securitization. "Investors in securities backed by mortgages on U.S. property will now have to incorporate the possibility that their financial contracts will be rewritten or at least redirected," she added. "Political risk is not free."
Philadelphia Inquirer, "Doctors endorse single-payer"
December 4, 2007
The Philadelphia-based American College of Physician - the nation's second-largest physician group endorsed a single-payer health-care system yesterday. Thomas E. Getzen, a professor of insurance and health management at Temple University, said doctors had long resisted single-payer systems for fear it would give the government more control over them.
Philadelphia Business Journal
November 30, 2007
Temple University's Fox School of Business staged its 11th annual Musser Excellence in Leadership awards ceremony and 540 attended the event at the Great Court of Mitten Hall on North Broad Street. This year's winners were a pair of brothers: Robert A. and Richard J. Fox.
Main Line Times
November 28, 2007
Writes Bonnie Squires: "At the Musser Awards for Excellence in Leadership held recently at Temple's Mitten Hall by Dean Moshe Porat and the Fox School of Business, there was a "two-fer." Both Dick and Bob Fox were honored and their careers celebrated as models of excellence in the business world. It was a pleasure to hear each of the brothers extolling their parents' virtues and their siblings' accomplishments."
Philadelphia Magazine, "Gallery: 11th Annual Musser Excellence in Leadership Award"
November 26, 2007
Photos from the Fox School of Business' Musser Dinner have been posted to the Philadelphia Magazine website.
Metro, "Reformers’ Roundtable: A new top cop"
November 26, 2007
Philadelphia’s next police commissioner, Charles Ramsey, should meet with everyone in the department, hold neighborhood meetings and make clear the importance of being able to appoint the right people, said Fred Murphy, Temple School of Business professor.
The New York Times, "An Alternative to Annuities for Retirees Seeking Income"
November 22, 2007
Baby boomers who started planning in their 30s, stand to have the best retirements, according to Jack L. VanDerhei, a retirement specialist and professor at the Fox School of Business and Management at Temple University. “Between 50 and 55, many people, including highly educated ones, are just starting to think about it. When they come to me for advice, I have to refrain from asking why they didn’t do it 20 years ago.”
The Chronicle of Higher Education, "A Glance at the December Issue of the Journal of Sports Economics"
November 16, 2007
“Since the 1990s, an increasing number of professional sports teams, as well as many colleges, have sold the naming rights of their stadiums to private firms,” writes Jason Breslow for the Chronicle. “Buyers say the deals provide them with greater visibility, which in turn leads to higher profits, and marketing research says they offer immediate returns to investors. Yet there is almost no evidence that naming rights provide ‘a lasting impact’ on the value of a company's stock, finds a study by three business scholars.” The research was done by Temple business professor Michael Leeds and Irina Pistolet, a recent graduate of the honors business program at Temple, and Eva Marikova Leeds, an associate professor of business and economics at Moravian College.
Biz Ed magazine
November issue
Youngjin Yoo, a Fox School Associate Professor of Management Information Systems, discusses the course he designed and teaches at Temple University, "Designing Innovation in an iPOD world" works. Yoo's article is called "A Course for Innovation: How one business professor brings the language and tools of design in the business classroom."
Philadelphia Business Journal, "B-school faculty pay soars in past five years"
November 2-8
Salaries for professors teaching in MBA programs have risen an average of 25.6 percent from 2000 to 2006, according to a report released by the Association to Advance Collegiate Schools for Business (AACSB). "Finance and accounting are the most expensive positions," said Rajan Chandran, vice dean of Temple University's Fox School of Business, which employs around 150 professors in its four MBA programs. The lure of big bucks from major firms often draws finance Ph.D.s away from jobs in the classroom, forcing business schools to increase their pay to remain competitive.
Bucks County Courier Times, "Economist predicts a sunny future"
November 5, 2007
The Federal Reserve felt compelled to cut interest rates last week and oil prices are rising. But the former deanof Temple University's Fox School of Business and professor of economics says that stuff doesn't really matter and the economy is doing really exceptionally well. The economy might cool down a few degrees, but it should still stay warm and sunny, William Dunkelberg told members of the Central Bucks Chamber of Commerce, reports Christina Kristofic.
San Francisco Chronicle, "In digital age, trend turning toward high-end watches"
November 4, 2007
As the popularity of automatic, time-adjusting mobile phones and MP3 players continues to soar, fewer people are wearing wristwatches, like those made by Swatch. Ram Mudambi, associate professor and department chair of general and strategic management at the Fox School of Business, has studied Swatch and its business practices for decades. Bottom line: The margins on Swatch brand, even in its heyday, were never as large as those on the company's luxury lines, said Mudambi, who is also Temple's Perelman senior research fellow at the Fox School of Business. Swatch and the luxury lines probably contributed about equally to company profits in the late 1980s and early '90s, with Swatch falling and the luxury lines rising since then.
KYW radio
November 3, 2007
Katie Gerst, director of assessment and an adjunct instructor at the Fox School of Business, discussed her work with the Philadelphia National College Fair.
Marketwatch, "Qualified approval: Meet the investments that will be your default 401(k) choices"
Nov. 1, 2007
New regulations making it easier to contribute to balanced 401(k) funds could mean more participation. "A lot of employees were frozen into inaction," said Jack VanDerhei, an associate professor of risk management and insurance at Temple University's Fox School of Business and an Employee Benefit Research Institute fellow. With that worry gone, plan participants can now focus on the how much to invest question. Or at least they might. "It's on my wish list," said VanDerhei.
Inside Higher Ed, Chronicle of Higher Education, "Defining Academic Freedom for 2007"
October 29, 2007
One of academe's largest labor unions, the American Federation of Teachers, released today its first comprehensive statement on academic freedom, a fresh indication that the worries of today's academics run deeper than salaries and benefits. "The basic and really central point is that educators should be making educational decisions," said Arthur Hochner, the main author of the statement and an associate professor of human resource management at Temple University's Fox School of Business. "We want our faculty to be treated as professionals and not just as hired hands."
Milwaukee Journal Sentinel, "Music legend gives back to community"
October 23, 2007
Legendary Philadelphia soul songwriter and producer Kenny Gamble has a long record of giving back to the community. Gamble has created hundreds of jobs, opened a charter school and developed affordable housing. In 1990, he sold his mansion in an affluent suburb and moved with his family into an inner-city neighborhood in south Philly. "He's a pioneer in this," says William Stull, professor and chair of the economics department in the Fox School of Business at Temple University. "The fact that he moved back to the community makes him a role model."
SmartMoney.com, "New 401(k) law should help more workers save"
October 23, 2007
With the Pension Protection Act of 2006, Congress sought to counteract one of Americans' biggest flaws: the tendency toward inertia. People have a hard enough time settling on a flavor of yogurt, much less deciding how much income to defer to a 401(k) plan. Hence the nation's inadequate retirement savings. According to Jack VanDerhei, an associate professor of risk management and insurance at Temple University's Fox School of Business and expert on retirement savings behavior, that should soon change.
Courier-Post,"Working longer can offset debts, keep options open"
October 17, 2007
In a story syndicated by Gannett News Service, Temple economist Jack Vanderhei warns that Americans are not being realistic about their financial needs when they retire, especially if they want to retire early. Even retiring at 62 -- when most people become eligible for Social Security -- is risky, says VanDerhei. Employer-provided health coverage for retirees is increasingly rare. And without it, you'll have to pay for your own insurance until you're 65, when you become eligible for Medicare.
USA Today,"401(K) loans come with caveat"
October 12, 2007
Those planning to borrow from their 401(k) plans should consider the pros and cons first. On the plus side, there won't be any surprises. That's a plus, especially in light of the many homeowners who have adjustable-rate mortgages that began at low interest rates that eventually reset to much higher rates, notes Jack VanDerhei of the Employee Benefit Research Institute and a professor at Temple University.
Philadelphia Inquirer, "At Mastery, same students transformed"
October 7, 2007
A year of change at the former Shoemaker Middle School has brought dramatic test improvements and the near-elimination of
violence. Moshe Porat, dean of the Fox School of Business at Temple University is on the Shoemaker advisory board.
Philadelphia Business Journal, "Commerce Bank deal dissected"
October 5, 2007
The proposed $8.5 billion acquisition of Commerce Bancorp this week by Toronto-based TD Bank Financial Group brought with it more questions than answers. "It's going to be fascinating to watch because of the divergent cultures," said Jonathan Scott, associate professor of Finance with Temple University's Fox School of Business. Scott teaches an honors class on financial institutions that includes a comparison of Commerce's model compared to those of rivals Wachovia Bank and PNC Bank. "All of the principles involved are saying the right things, but we'll have to wait for closing to see what really happens," said Scott.
WHHY radio
October 3, 2007
Associate professor of finance at the Fox School of business, Jonathan Scott, discussed the recent acquisition of Commerce Bank with reporter Susan Phillips.
Metro
October 1, 2007
Frederick Murphy, professor of Management Science/Operations Management at the Fox School of Business, is one of three
panelists asked for their views on the future of SEPTA. Considering SEPTA's role as both an alternative to autos and
an economic engine, one point is clear says Murphy: "The agency does not have enough money to meet its transit mission."
Pittsburgh Post-Gazette, "Heard off the street: Government should lead by example on retirement savings"
September 30, 2007
In a column on the need to save more for retirement, Len Boselovic writes that EBRI's 17th annual Retirement Confidence survey showed that while 70 percent of those polled were very or somewhat confident about their financial security in retirement, 49 percent had saved less than $25,000. "I think to a very large extent they're deluding themselves," says Jack VanDerhei, an associate professor of risk management and insurance at Temple University's Fox School of Business and co-author of the report. "Aren't we all?"
SmartMoney.com, "New 401(k) Law should help more workers save"
September 27, 2007
New federal laws will open up 401(k) plans for more Americans. According to Jack VanDerhei, an associate professor of risk management and insurance at Temple University's Fox School of Business and expert on retirement savings behavior, new laws should prompt change. "I think the number of companies that will implement automatic enrollment for 401(k)s is going to grow a lot," he says. "The question is by how much."
USA Today, "Six steps you can take to financial prosperity"
September 24, 2007
Working longer is among the six steps USA Today recommends for reaching financial security. "Even retiring at 62 - when most people become eligible for Social Security - is risky," says
Jack VanDerhei of the Employee Benefit Research Institute and Temple University. Though Americans are working longer, most of them are not working long enough to provide for a secure retirement, VanDerhei says. By the time they realize they haven't saved enough, he says, it's often too late: "It's really difficult to get into the work force at age 70."
KPFA radio (Berkeley, Calif.)
September 20, 2007
Fox School of Business professor David Barton Smith discussed his recent research into racial separatism in nursing homes.
CNN/Money, "The ultimate no-brainer way to boost savings"
September 17, 2007
Come January, certain provisions of the Pension Protection Act (PPA) will go into effect that will give employers added incentive to implement automatic enrollment and automatic "contribution-escalation" features for their 401(k) plans. For workers retiring between 2030 and 2039, the benefits could be substantial, according to a new study from the Employee Benefit Research Institute (EBRI) conducted by Jack VanDerhei, a Temple University business school professor and EBRI fellow.
Fortune Small Business magazine, "Temple's undergraduate entrepreneurship program ranked in top 25"
September 2007
In the September issue's cover story, Fortune Small Business ranked Temple University's undergraduate entrepreneurship program as one of the nation's 25 best. The magazine cited Temple's university-wide council on entrepreneurship, which creates interdisciplinary courses and workshops for Temple students in all fields. One of the judges lauded Temple's entrepreneurship certificate program, which was praised for giving students an "opportunity to gain entrepreneurship experience without having to major in the subject."
U.S. News & World Report, "Business schools study self-assessment in negotiating, anger and job Status, and the effect satisfied customers have on profits"
September 16, 2007
Are stores with high customer satisfaction ratings more profitable? In "The Moderating Role of Competition in the Relationship Between Nonfinancial Measures and Future Financial Performance," forthcoming in Contemporary Accounting Research, Raj Mashruwala of Washington University and Rajiv Banker of Temple University's Fox School of Business suggest a link, but only when competition is stiff. In urban areas where competition for customers was strong, the higher the level of satisfaction, the more profitable the store.
Today, Reuters (Boston Globe, St. Louis Post-Dispatch, others), ABC News.com, Richmond Times-Dispatch USA, "Study sees segregation in nursing home care"
September 12, 2007
"The nursing-home industry is still quite segregated," says researcher David Barton Smith of Temple University in Philadelphia. "There are homes for blacks and homes for whites." His study of 7,196 nursing homes in 147 metropolitan areas throughout the USA is one of the first to document a troubling trend in care provided to black Americans. "It is time to air the dirty laundry" about the problem, Smith says.
Cleveland Plain Dealer, Milwaukee Journal Sentinel, "Study finds disparities in area nursing homes"
September 12-14, 2007
Stories on research by Temple emeritus faculty member David Barton Smith on racial disparities in nursing home care continue to emerge, particularly in Midwestern cities, where Smith's research found that African-Americans were much more likely to receive substandard nursing home care compared to white Americans.
Evening Bulletin, "Anti-Casino groups seek outside intervention"
September 11, 2007
"Casinos have been sold to citizens as the latest and greatest way to do economic development and save cities," said Frederic Murphy, professor of business and management at Temple University. Murphy, who says he is the first to do an independent consumer impact study on casinos in Philadelphia,
said casinos will reap a mere 1-2 percent of their returned investment. "In fact, like so many economic development strategies, they cost jobs."
Salt Lake Tribune, "Savings Game: 401(k) plans the way to go, studies confirm"
September 1, 2007
Syndicated columnist Humberto Cruz writes: "If your employer offers a 401(k)plan, sign in. Then stay in, and keep putting money away for your retirement in well-diversified investments. 'Discipline pays off,' said Jack VanDerhei, professor at Temple University, EBRI Fellow and study co-author. 'Ongoing contributions and diversification tend to mitigate the impact of a bear market.'"
Bucks County Courier Times, "Medical insurance standoff puts patient in jeopardy"
August 25, 2007
Risk management insurance expert Bill Aaronson believes the dental-medical insurance shift is a topic that merits deeper study, but he knows of no readily available related research. Part of the problem is when private health insurers decide to stop covering a procedure, it's an internal company matter, said Aaronson, a professor in the department of risk insurance and healthcare management for Temple University's Fox School of Business. "It's not easy to discern what is happening," he said.
City Paper, "Mumbai, the hard way"
August 21, 2007
Michael Ryan, a longtime Philadelphian who is taking part in the Temple Fox School of Business' International M.B.A. program, is writing about his experiences for City Paper. He is studying in Mumbai, India for the next semester.
KYW radio
August 17, 2007
William Stull, professor at the Fox School of Business, discussed the impact of the Federal Reserve Board's decision to lower the discount rate by one-half of a percent. Stull said the reduced rate will not lead immediately to lower interest rates for consumers but will increase the confidence of lenders and the general financial community.
SEBRAE Districto Federal, "Consultant from the US learns about APL's local production cooperatives in the Federal District"
August 15, 2007
On July 19 Nicole DeSilvis, adjunct professor at the Fox School of Business and a senior international trade consultant with the Temple University Small Business Development Center, visited the Federal District as a consultant from the Agency of the United States for Desenvolvimento Internacional (USAID). The mission of this visit was the exchange of experiences to assist in sustainable development projects for small to medium sized companies with the ultimate goal of creating partnerships between the United States and Brazil.
Jewish Exponent, "Israeli Companies Show Off Talent"
August 9, 2007
In a forum that has become as highly anticipated for the potential of its promise as for its proven results, international MBA students, full-time MBA students, domestic and foreign companies, nonprofit organizations and investors were brought together under the same roof for the ninth consecutive year by Temple University's Fox School of Business through its Global Innovation & Entrepreneurship Expo. The expo -- held on the Temple campus -- attracted several hundred people. "The uniqueness of the program for students is that it integrates finance, marketing, human resources and other areas of learning and proficiency into one project," explained M. Moshe Porat, dean of the Fox School.
Tribuna de Petropolis, "Mission of the U.S. agency brings to the city a program of qualifying companies for international markets"
August 2, 2007
Nicole DeSilvis, adjunct professor at the Fox School of Business and a senior international trade consultant with the Temple University Small Business Development Center, recently toured three cities in the state of Rio, visiting small to medium sized entrepreneurs in the fashion industry, to analyze their potential for international expansion. Today, in all of Brazil, the micro and small businesses are responsible for less than 2% of the exports.
Wall Street Journal, Marketwatch.com, Business Insurance.com, "Workers show growth near 9% in their 401 (k)s"
August 1, 2007
The nest eggs of long-term 401(k) investors have grown at close to 9% rate annually in recent years, according to a report released by the Employee Benefit Research Institute and the Investment Company Institute. People saving in a 401(k) long term are on track for retirement, said Jack VanDerhei, a professor at Temple University, an EBRI fellow and co-author of the report. He said the key is getting people to invest as soon as possible and to keep that money invested even if they switch jobs.
O Dia (Teresina, Brazil)
July 24, 2007
Nicole Desilvis, adjunct professor at the Fox School of Business and a senior international trade consultant with the Temple University Small Business Development Center, discussed the honey industry in the state of Piaui, Brazil and the value of business and information exchanges between Brazil and the United States.
Metro (Philadelphia), "Still working to fix 'brain drain' in Philadelphia"
July 17, 2007
About nine years ago, then-mayor Ed Rendell and Moshe Porat, dean of Temple's Fox School of Business, were lamenting the "brain drain" issue in Philadelphia where college students promptly leave town after graduation. Their solution: Get high school students from around the area into colleges as early as possible to show them that Philadelphia is a place worth learning and working in. To accomplish that goal, the Fox School created the Business Leadership Academy.
Philadelphia Inquirer, "Q&A | Working to foster small-business ties between U.S., Brazil "
July 16, 2007
Temple international trade expert Nicole DeSilvis outlines the fascinations and frustrations of doing business with Brazil in an exclusive Q&A. DeSilvis said the U.S. government was eager to foster more trade with Brazil following President Bush's recent visit there. But that's not going to be easy because the countries are separated by cultural barriers that are almost as formidable as the geographic ones.
USA Today, "5 mistakes that can tax your 401(k)"
July 13, 2007
These days, only the most fortunate among can count on a traditional pension to ensure a comfortable retirement. Most people who want to be able to afford to retire need to pack as much money as they can into their 401(k) accounts, yet few have the time, energy or expertise to manage 401(k)s well. Jack VanDerhei of the Employee Benefit Research Institute and a professor at Temple University offers this advice: Company stock should not make up more than 10 percent of your portfolio. "If the company goes under or does poorly, you not only may be losing a huge portion of your retirement income -- it could also mean that you're losing your job," he says.
WPTV NewsChannel 5 (West Palm Beach, Fla.)
July 12, 2007
A growing number of companies are turning to the Internet to learn about young job candidates, according to Corinne Snell, director of the Center for Student Professional Development at Temple's Fox School of Business. "I don't think it's an actual formal practice used by all employers," Snell said. "But there are some that are using it as part of their recruitment process." Could it cost you a job? Snell says potential employers may hesitate to hire you if they dig up "digital dirt."
Biz Ed, Bookshelf
July/August 2007
In a book review of Fox School marketing professor Jay Sinha's book with Thomast Foscht, Reverse Psychology Marketing, the reviewer says, "Marketing used to be about pleasing your customer, finding your market segment, and determining your right "4P" formula of price, product, place and promotion. No more, says two marketing professors, Indrajit Sinha of Temple University in the U.S. And Thomas Foscht of the University of Graz in Austria."
Metro (Philadelphia)
July 9, 2007
What should the next mayor's plan be to address tax cuts in Philadelphia? "Cut a deal with city workers to eliminate waste with a third of the savings to tax reform, a third as extra payments to fund worker pensions and a third to fund improved services," said Fredric Murphy, professor of management science and operations management at the Fox School of Business.
CNN/Money.com, "Pension plans face more cuts"
July 3, 2007
Worried that your employer is going to drop its pension plan? You should be. "The higher the expected increase in contribution, the more likely a company is to freeze or close its plan," said pension expert Jack VanDerhei, a Temple University professor. "Even for those employers with overfunded plans that don't care about the level of cash contributions (required under the Pension Protection Act) ... you take a 10 percent equity hit (to your pension assets) and that can wipe out a company's operating income overnight," VanDerhei said. "You'll be dead on your bottom line."
Wall Street Journal, "Jeweler Cultivates a Fun Image for the Guys"
July 2, 2007
A reverse marketing ad campaign that promotes a Philadelphia jewelry store by announcing "I Hate Steven Singer" has been successful, but its strategy is not for every businessman. "He's not appealing to the upscale, upmarket segment," says Indrajit Jay Sinha, an associate professor of marketing at Temple University's Fox School of Business in Philadelphia. Those who would rather go to Harry Winston would probably not appreciate the sometimes crude humor and gimmicks, he says.
NorthJersey.com
June 24, 2007
Eight minor league baseball stadiums were constructed in New Jersey from 1994 and 2001, costing $160 million. Yet some minor league franchises are struggling. Michael Leeds, an assistant professor of economics at Temple University who studies the business of sports, likened minor league baseball to any maturing industry. "Well-run businesses in strategically well-placed locations will thrive, the rest will go under," he said.
Philadelphia Tribune, "Taking a Gamble"
June 24, 2007
A study of the potential economic impact of casinos on Philadelphia by Fox School of Business Professor Frederic Murphy found that casinos "drew business away from existing entertainment venues resulting in a loss for the local municipalities. He estimated that almost 6,000 jobs would be lost. The losses for the state would be even greater, according to Murphy, who predicted that more than 17,000 jobs would be lost statewide."
Chicago Tribune, "Working beyond 65 becomes growing trend"
June 15, 2007
Americans, coming to grips with deficient retirement savings, often say they will solve the problem by working past age 65, write columnist Gail Marks Jarvis. Jack VanDerhei, an EBRI researcher and a Fox School professor, recently examined how confident Americans are about paying for retirement. Among people 50 and over, about 43.6 percent of people with guaranteed pensions said they were "very confident" about handling retirement. Among those with 401(k) or 403(b) plans, just 26.5 percent were very confident.
Metro, "Council should reveal its intentions for casinos today"
June 13, 2007
Will casinos bring revenue to the city of Philadelphia? Fred Murphy of Temple's Fox School of Business completed an analysis for Casino-Free Philadelphia that says the casinos will cost the city jobs in the long-run. "It takes out more money than it brings in," he said of the findings of his study, which says that local businesses will lose more than 5,000 jobs if the casino is built.
Fortune Small Business, "Profits from Polyester"
June 2007
Dwight Carey, Fox School of Business professor of General and Strategic Management, is featured as a business consultant. Carey was enlisted to help the featured company, Pinnacle Textile Industries, a linen supplier, map out an expansion plan.
KYW radio
June 9, 2007
In his weekly radio commentary, Temple University's Bill Dunkelberg, talks about possible scams in the carbon offset business. He describes how people can be scammed when purchasing these carbon offsets.
Orlando Sentinel, "Poll: Minorities less ready to retire"
June 6, 2007
Fewer people are saving for retirement these days, but Hispanics and blacks are falling farther behind in setting money aside, a new poll shows. Though the poll didn't ask workers why they aren't saving, "Almost always in the polling data you'll see workers are bearing more and more of health-insurance costs themselves," said Jack VanDerhei, a Temple University associate professor. The poll was conducted by the Employee Benefit Research Institute, a nonpartisan think tank in Washington, where VanDerhei is a research director.
Philadelphia Inquirer, "PA Dropouts"
June 5, 2007
Gov. Rendell is touting Pennsylvania's lowest unemployment rate in 30 years - an eye-popping 3.8 percent in March - as evidence that his economic-stimulus plan is working. But some are wondering if it's really that good. "It's nice to have a low unemployment rate, but not if you have fewer jobs or people are leaving the state," said Bill Dunkelberg, a Temple University economics professor and chief economist with the National Federation of Independent Business in Tennessee.
Jewish Exponent
May 24, 2007
The Jewish Exponent ran a photo with the following cutline: M. Moshe Porat, dean of Temple U. Fox School of Business, and his wife, Rachel Porat, M.D., of the Albert Einstein Medical Center have plenty to smile about as they are honored at a gala dinner concert by the Lubavitch of Bucks County. Sharing in their happiness at the concert, which featured a performance by Broadway's Dudu Fisher, is Dennis Alter, CEO of Advanta Corp., who is also the benefactor of a $15 million gift earmarked for the Fox School's new Alter Hall.
Philadelphia Inquirer, "The big payoff for a family effort"
May 17, 2007
Jameel Rush, who has lived most of his life just around the corner from Temple University, will be the student speaker at today's graduation ceremony. Columnist Daniel Rubin calls rush "a shining example" of Temple founder Russell Conwell's faith in talented, hard-working local students.
Daily Times
May 16, 2007
Virginia's Eastern Shore will get a new logo and marketing effort. Part of the research for the effort came from Temple University. "Of all the research, both anecdotally and through the Fox School of Business (of Temple University who conducted extensive market research), we were astonished how many people even within the 300-mile radius that we consider our target market, that don't even know where the Eastern Shore of Virginia is or that Virginia even has an Eastern Shore," said Northampton County Supervisor and Tourism Commission member Andrew Barbour.
Philadelphia Inquirer, "Workers aren't saving enough"
May 10, 2007
The vast majority of employees are likely to need additional savings if they hope to retire with the benefits they expected before the shift away from company-sponsored traditional pensions to 401(k) plans, said Jack VanDerhei, the study's coauthor and an associate professor of risk management and insurance at Temple University's Fox School of Business.
Philadelphia Inquirer, " Simulated business is booming for M.B.A. students"
April 20, 2007
A story about business competitions for local students includes an illustration showing the team from Temple University's Fox School of Business at the Association for Corporate Growth Philadelphia Chapter's first Philadelphia Cup business-case competition included Ted Swain, Andrew Hopkins, Christopher Bentley and Alyssa Cox.
Philadelphia Inquirer, " Transmitting grief and tributes quickly"
April 18, 2007
Students share their grief differently than their parents. Electronic media like instant messages and social websites are the new outlets. Youngjin Yoo, an associate professor of management information systems at Temple, said blogging, texting and other technologies can offer victims and others more accurate information more quickly.
Metro, "Making music, making money"
April 17, 2007
Temple University will sponsor a Boot Camp for Music Industry Entrepreneurs. "The business end of music is so important, and you need the information and tools to be a successful entrepreneur," said Chris Pavlides, executive director of Temple's Innovation and Entrepreneurship Institute.
FoxNews.com, "Change Your Mindset About Social Security"
April 16, 2007
Personal finance columnist Gail Buckner warns we are not saving enough for retirement. This week the Employee Benefit Research Institute (EBRI), a Washington, DC think tank, came out with its annual look at Americans' retirement prospects. According to co-author Jack VanDerhei, an EBRI fellow and professor at Temple University, "What scares me is how many people are still focusing on age 85 as their life expectancy and not planning on having resources beyond that."
Philadelphia Business Journal
April 13, 2007
Doreen A. Wright, Frank R. Sanchez and Daniel T. Garrett have been selected to receive the seventh annual Fox Information Technology awards from Temple University's Fox School of Business and Management.
KYW radio, "Anti-marketing"
April 11, 2007
Marciene Mattleman reports that Jay Sinha, a professor of marketing at Temple University and Thomas Foscht, an Austrian professor, have co-authored an interesting book,The Death of Traditional Marketing and the Rise of the New Pull Game. In anti-marketing, the idea is not about following a script, but trying to pique some interest by making products seem unreachable. According to this approach, people are tired of being told which product to buy and are jaded.
Philadelphia Inquirer
March 29, 2007
A small company that offers foreign language films online has recently gone public. Smaller companies sometimes go public in this way because they cannot meet requirements or expenses of going public on a larger market, such as Nasdaq, said Stephen Kamp, an assistant professor of finance at Temple's Fox School of Business.
KYW radio
March 25, 2007
In his weekly business analysis, Temple Fox School of Business professor Bill Dunkelberg talks about the influences driving the stock market.
NJBiz.com
February 28, 2007
Law, Accounting and Financial Institutions coordinate with Temple's Innovation and Entrepreneurship Institute to develop a free monthly educational series geared toward small and mid-size businesses, and entrepreneurs in the Delaware Valley.
Orange County Register, "Innovation Nation"
February 26, 2007
Business reporter Jan Norman writes about Entrepreneurship Week USA and the more than 1,200 activities planned to promote private enterprise and creativity. According to Norman, one of the more creative activities this week includes Entrepreneur Idol (similar to the TV show, "American Idol") at Temple's Fox School of Business.
KYW radio
February 25, 2007
Bill Dunkelberg, Fox School of Business professor, says ethanol seems like an appealing petroleum alternatives, but has its drawbacks.
Metro
February 20, 2007
Entrepreneur Idol, co-sponsored by the Fox School of Business, will help college students showcase their best business ideas. "The whole idea is to get undergraduates students from Philadelphia area colleges to showcase their skills as future entrepreneurs," explained Rebecca Davis, Fox School alumna and coordinator of the project for Temple.
Philadelphia Business Journal
February 19, 2007
"Entrepreneur Idol" shines a spotlight on young people who have a dream. The event is sponsored by Temple's Fox School of Business and the city of Philadelphia. The contest is the brainchild of Temple alumna Rebecca Davis, who won Temple's business plan competition in the spring of 2004 with her plan for starting a nonprofit dance company and school.
ABC 6
February 7, 2007
William Dunkelberg, Fox School of Business professor, discussed the economic implications of Gov. Ed Rendell's budget plan, including the planned property tax relief.
Main Line Times, "Giving back big time: Villanova man awards $1 million to the university that helped him realize his American Dream"
February 2, 2007
Raza Bokhari is profiled in an article that notes: "A decade and a half after moving to his adopted nation, Bokhari recently pledged $1 million to Temple's Fox School of Business, fulfilling a desire to give back to the school where he received an MBA in 2001." 'It's a very humbling feeling,' Bokhari said about having his name affiliated with Temple University.
Philadelphia Magazine
February 1, 2007
Raza Bokhari, a Fox School of Business MBA graduate was featured as one of 15 next potential tycoons. The article also mentioned his love of The Fox School and his recent $1 million donation to the school.
Main Line Life, "Bokhari right at home on Main Line"
January 25, 2007
Raza Bokhari graduated from Temple's Fox School of Business and Management in 2001, and has had a blazingly hot medical business career ever since. Bokhari recently donated $1 million to the business school towards construction of its Alter Hall.
Fox29, "Good Day Philadelphia"
January 24, 2007
Fred Murphy, professor of management science and operations management at the Fox School of Business, discussed energy proposals in President Bush's 2007 State of the Union address. Murphy said that writers of Bush's State of the Union speech were mistaken when they wrote that their program would be a 20 percent reduction in gasoline consumption. They probably meant to say that they can achieve a 20 percent planned reduction of fossil fuel content of gasoline, which is achievable.
Fox29
January 24, 2007
Temple's Fox School of Business professor Fred Murphy explained how to conserve energy while you're driving.
SmartMoney.com
January 19, 2007
A sharp-eyed inflation hawk is suddenly cooing like a dove, said this report from Barron's Online. William Dunkelberg, chief economist for the National Federation of Independent Business and professor at the Fox School of Business, has been closer than most to the bull's eye with his predictions for higher-than-expected core inflation and employment over the past year-and-a-half. Now he sees both measures falling in 2007 ‹ good news for the inflation fighters at the Federal Reserve.
Barron's Online
January 15, 2007
William Dunkelberg, economics professor at the Fox School of Business, says the core inflation rate should fall in 2007, bringing good news for the inflation fighters at the Federal Reserve, writes Jim McTague for Barron¹s Online. Dunkelberg is also chief economist for the National Federation of Independent Business.
