By Jack Kapp
Richard Baker ’88 is the owner, governor, and chief executive officer of the Hudson’s Bay Company, the world’s oldest trading company, which owns department stores Lord & Taylor and Saks Fifth Avenue in the United States as well as Hudson’s Bay and Home Outfitters in Canada. Baker grew up in Greenwich, Connecticut and graduated from Cornell’s School of Hotel Administration.
By Nick Piccone
Congressman Dave Camp’s proposed tax reform bill aims to drastically change tax code for both individuals and corporations. The proposed increases of taxes on the nation’s largest financial institutions has caused outrage throughout the financial industry. Tax reform is a constant topic of debate in both the political and business worlds. Tax codes have a major impact on how businesses operate…
By Jack Kapp
In the aftermath of the financial crisis and the resulting monetary easing policies, Bitcoin was created to alleviate growing concerns of government manipulation of currency. Bitcoin is a virtual peer-to-peer currency that was introduced in January 2009 by a programmer or group of programmers using the name Satoshi Nakamoto. Bitcoin is designed as a decentralized currency that is not subject…
By Samantha Torre
As a result of the U.S. economic recession of 2008, short-term interest rates have remained extremely low, ranging from 0% to 0.25%, in an attempt to stimulate economic activity and lessen the burden associated with taking out loans. Seven years later, the U.S. economy has stabilized yet the Federal Reserve has preserved low rates.
By Isaac Greenwood
During his recent visit to the United States to attend the United Nations General Assembly, Iranian President Hassan Rouhani encouraged American private investment in the soon-to-be unrestricted Iranian economy.
By Dean Xu
On October 21, 2015, Chinese President Xi Jinping agreed to a multi-billion dollar deal with Great Britain on his four-day visit to the country. Despite the magnitude of Chinese investment to finance projects of mutual interests, American and European criticism gave business a grain of salt.
By Hunter Bosson
One of the few places where student protesters are taken seriously is the institution that takes their money: universities. The university, with its resources, publicity, and networks, offers a praxis for political and social change far beyond campus.
By Sam Torre
As the 2016 Presidential election nears, the anticipated and often feared influence of corporate wealth on politics through super PAC contributions continues to raise concern throughout the United States. As The New York Times Editorial Board predicted, “This election year will be the moment when individual candidate super PACs—a form of legalized bribery—become a truly toxic force in American politics.”
By Isaac Greenwood
2016 has ushered in a national election cycle like none other. In the aftermath of the Great Recession of 2007-2009, and despite the rhetoric espoused by many of the leading candidates on both sides of the aisle, the still-recovering American economy would be best served by centrist economic policies given the fragility of international developments and tepid growth.
By Catherine Chen
Yve-Car Momperousse is the founder and CEO of Kreyol Essence, an agribusiness specializing in luxury beauty products made from organic ingredients from Haiti. In addition to being a social entrepreneur, she has founded eight non-profits throughout her career. Yve-Car is currently pursuing a Master’s degree in International Agriculture and Rural Development here at Cornell and is the former Director of Cornell’s Diversity Alumni Program.
By Catherine Chen
In a shocking and unprecedented move, pharmacy and retail behemoth CVS Caremark announced earlier in February that its more than 7,600 retail pharmacy stores will stop selling all cigarette and tobacco products by October 1st of this year. Antitobacco and public health lobbying groups such as the American Cancer Society have praised CVS for its seemingly progressive, people-first, profits-second motive.
By Shamika Dighe
In 1999, Kevin Ashton, cofounder and then executive director of the AutoID Center at the Massachusetts Institute of Technology, coined the phrase “Internet of Things” to describe atechnological ecosystem in which sensors and active data collection greatly diminished the humandependency of computers. Today, over a decade later, Google is embracing the prospect of an increasingly connected world and integrating the Internet of Things into its corporate strategy through the course of several strategic acquisitions.
By Shohini Kundu
In recent decades, corporations have come under increasing pressure from various groups to act in socially and environmentally responsible ways. In 1987, a group of Vermonters started a national campaign called McToxics to ban the use of styrofoam in food packaging. This campaign attracted students, animal rights activists, and even church groups. Even though McDonalds initially resisted pressure from the campaigners due to concerns about packaging cost and its impact on profit, it was in their longterm business interest to not alienate customer groups.
By Jack Kapp
The real estate market is in the midst of a return to urbanization. In a reversal of historical trends, the population is now growing at a faster rate in U.S. cities than in suburban areas. In fact, the U.S. Census Bureau estimates that urban markets grew by 1.12% from 2011-2012, while suburban markets grew by only 0.97%. This trend is a big change from this past decade when suburban…
By Austin Opatrny
On February 27th Comcast, the largest cable company in the world, announced that it had submitted a bid to purchase industry rival Time Warner Cable in an allstock deal valued at $45 billion dollars. The combination of the two behemoths would give them a 30% market share of the American cable and internet provider market. The deal is part of Comcast CEO Brian Roberts’s plan to expand Comcast…
By Nick Piccone
Congressman Dave Camp’s proposed tax reform bill aims to drastically change tax code for both individuals and corporations. The proposed increases of taxes on the nation’s largest financial institutions has caused outrage throughout the financial industry. Tax reform is a constant topic of debate in both the political and business worlds. Tax codes have a major impact on how businesses operate…
By Jack Kapp
In the aftermath of the financial crisis and the resulting monetary easing policies, Bitcoin was created to alleviate growing concerns of government manipulation of currency. Bitcoin is a virtual peer-to-peer currency that was introduced in January 2009 by a programmer or group of programmers using the name Satoshi Nakamoto. Bitcoin is designed as a decentralized currency that is not subject…
By Hunter Bosson
On March 16th, the DAX, a German blue chip stock market index, passed 12,000 for the first time. 2015 has been a good year for the DAX; it has risen by 20% since early January, compared with a 2.4% rise in the S&P 500.
By Hunter Bosson
After half a century as the world’s premier international financial institutions, the IMF and World Bank finally have a credible rival. China’s Asian Infrastructure Investment Bank (AIIB), a multinational fund wielding roughly $50 billion in capital, has seen its coffers and membership swell in recent months, much to the U.S.’s chagrin.