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22 Nov 2009 00:00
21
Laiyin Li
The Gold Man of Goldman
For job-seeking seniors and intern-hopeful juniors, it’s that time of year again as prestigious finance corporations have been reinforcing their presence on campuses across the nation in recruiting efforts. The increase of additional manpower invested into information and networking sessions despite high national unemployment rates has been quite noticeable; even Goldman Sach’s lead man (a.k.a. Chief Executive Officer), Lloyd Blankfein, showed up at GS’ Princeton University recruitment event. He delivered a brief and light speech to a packed room of students, detailing his fortuitous entry into Goldman after the unexpected acquisition of his former employer, which reinforced a main message of the synergism of preparation, talent, timeliness and a bit of sheer luck in the finance industry. A handful of questions were made by the audience, including two inquiries on what aspects Mr. Blankfein personally enjoyed and “most wanted to change” about the dynamics of his company.
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Nov 19
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21 Nov 2009 05:19
19
Ryan Shyu
More on the Intellectualization of Wall Street
Forbes’ Sramana Mitra, cited in the Online Journal’s Nov. 14th post, isn’t the first to worry that Wall Street is a drain on economic innovation, moving our best and brightest away from actual productive innovation into the realm of financial innovation. No less than Nobel laureate Paul Krugman has supported this notion; when asked during a recent Princeton book signing what he thought of Wall Street’s social use, he said, “I guess I fall into the parasite camp”.
The so-called “parasite camp,” however, isn’t nearly as extreme as another emerging school of thought which actually blames the increasingly intellectual nature of the financial industry for both increasing instability and the 2008 crisis. Calvin Trillin advances this view here.
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Nov 18
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20 Nov 2009 11:13
DecLeadership: Up-Front and In The Background with Tom Quinlan, CEO of RR Donnelley
Tom Quinlan, CEO of RR Donnelly
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18 Nov 2009 20:49
18Laiyin Li
The Undoing of UWIRE?
For those who haven’t heard of UWIRE, it’s a popular online service that aggregates university articles written by students and for students concerning global events and issues. However, you won’t be hearing from UWIRE anytime soon perhaps: all voices once amplified on the website have now fallen silent in the last month or so, since UWIRE became suspended “indefinitely”. Employees have not disclosed much information on the suspension, but it is speculated to be a result of inadequate financing as can be inferred from the unhappily unpaid (for the month of September) student reporters hired by UWIRE.
UWIRE was started in 1994 and previously owned by CBS before being sold to Palestra.net, another college student news network service in March. Rarely any drastic changes took place after the turnover…that is, until now. The economy has already seen signs of recovery, but is a lagging effect in work at UWIRE? For now, the only answer is the deathly quiet.
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Nov 16
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18 Nov 2009 03:56
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17 Nov 2009 11:49
16
Andrea Schiller
Apple: Taking a bite out of the competition
They can be seen is the pockets of most college students, seen on the ears of millions. When Apple’s iphone hit the market there was a major craze, with over a million being sent the first weekend. This seemingly perfect device has hit America, and is likely to continue to change the way our society functions.
With the success of iphones, its other component, Iphone applications also continue to develop. With many trying to hit the market and create a successful application, the competition is rising. Along with Princeton students’ recent diabetes application, there also comes a myriad of others. One such application allows customers to order ahead at Chipotle. Due to the surge of use, Chipotle workers were unable to keep up and had to disuse the application.
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16 Nov 2009 04:57
Recent Tweets
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14 Nov 2009 21:40
14Business Today thanks GFI Group!
GFI Group is a leading inter-dealer brokerage, market data and analytical software provider, as well as a much-appreciated sponsor of Business Today.
The corporation produces superior financial returns for its stockholders with innovative strategies and exceptional service. Its strong presence in credit, financial, equities, and energy and commodities markets in the Americas, Europe, the Middle East, Africa, and Asia has gained GFI Group recognition as “No. 1 Broker” in a multitude of fields by various financial publications.
We, at Business Today, thank GFI Group for their invested support!
For more about GFI Group, take a look around their website.
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Nov 14
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Nov 12
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13 Nov 2009 11:21
12Laiyin Li
Abated Recession. Amplified Hopes?
On Thursday, the release of government figures showed economic growth in the third quarter, with President Barack Obama hailing the report as evidence of an abating recession. The figures presented the nation with signs of a rebounding economy at a 3.5 per cent annual pace, the first improvement in a year.
If this proves to be a broad-based and substantial turnaround for the GDP, most probably resulting in increased investments and consumer spending, then there is a great chance of the job market following suit. Job creation and re-creation will be the crucial step to lowering the unemployment rate which has been a major source of misery for experienced employees, the laid-off of the labor force, and striving senior students alike.
For more on this issue, check this out
Photo courtesy of Flickr
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Nov 8
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08 Nov 2009 23:03
8Andrea Schiller
No double dipping
Many are eagerly awaiting the end to the late 2007 recession that has plagued our beloved country. Although there seems to be a light at the end of the tunnel, we may be faced again with a second recession.
Double dip recession, or the return of a recession after an apparent end, may soon be upon us. The gross domestic product may be higher than predicted, but the unemployment rate is quickly reaching more than ten percent, something our nation has not seen since the 1980’s.
The usual helpful economic forces that work to mobilize the economy, are not working as well as in the past. “Technology, construction and finance- all sectors that have powered the US economy out of the doldrums in the past- are flat this year" In addition to these unmoving sectors, the real estate business is expected to receive another economic blow.
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Nov 6
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