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Finance & Economics Department

Rutgers Business School faculty from the Finance & Economics department whose expertise appeared in the media.

WalletHub

WalletHub

April 17, 2024

WalletHub, Cities With the Best & Worst Budgeters, Mitchell Fillet

Building a budget for your life is easy. The tools to create a report are in many places such as your smartphone, tablet, or desktop computer.

But that is not the challenge. The challenge is coming to understand the power of the word “No” when it comes to your personal finances.

Forbes - India

Forbes - India

April 15, 2024

Forbes - India, Novartis: Innovating for the world, from India, Mahmud Hassan

“India is a perfect country for talents in basic and applied science with its large population, well-established education system and continuous supply of well-trained scientists in the market,” says Mahmud Hassan, director at the Blanche and Irwin Lerner Center for the Study of Pharmaceutical Management Issues at Rutgers Business School. “Narasimhan has made the right decision to look into India for those roles at Novartis.”

WalletHub

WalletHub

April 8, 2024

WalletHub, Credit Card Consolidation Offers, Parul Jain

What is the biggest mistake people make when using personal loans to consolidate credit card debt?

Once the credit card debts are paid off, the “credit lines” are available again. Many people are tempted to use it and increase their overall debt and thus dig a deeper hole for themselves. The right approach is to obtain a lower rate, pay down the debt and avoid further penalties on the loan.

NJBIZ

NJBIZ

April 1, 2024

NJBIZ, Manhattan private equity firm finds opportunity in tense market, Morris A. Davis

Also speaking at the CRE Outlook, Morris Davis, the Paul V. Profeta Chair of Real Estate, professor of finance and economics, and academic director of the Rutgers Center for Real Estate, similarly drew distinctions when it came to offerings on either side of the Hudson River.

“There’s two other things going on in Manhattan that I think are going to be positive for the New Jersey office market. The first is the congestion tax … And so maybe some parts of some office space will move over to Jersey so that the workers can avoid pain,” he speculated.

“The other thing that’s hard data is that New York City is starting Jan. 1 to impose taxes on buildings that have energy emissions past a certain amount … point is — about a third of office buildings in New York City are going to be taxed. … So that might be enough to shut down the older parts of the office market in New York.

“Now the question is whether or not the tenants … are going to come to New Jersey or not, but because of those things in Manhattan, I actually think there could be some positive news for New Jersey office,” Davis said.

MoneyGeek

March 21, 2024

MoneyGeek, Experts Guide on finding the best business cards for 0% APR, John Longo

How can getting a 0% APR business credit card affect someone’s credit score? In the short run, there is typically a modest decrease in your credit score if you open up a new credit card account, explained Rutgers Business School finance and economics professor John Longo. Lines of credit are one of the components in most credit score calculations. However, if you pay off your credit card in full consistently, another component of the credit score is the percentage of credit utilized. Your total credit line will increase if you get a new credit card without closing the existing one. Hence, in the long run, there may not be a negative impact on your credit score when you add a new credit card if you pay your balance in full each month.

CBC

CBC

March 17, 2024

CBC, Insurers and claimants under strain as weather-related disasters mount in B.C., Amine Ouazad

Amine Ouazad, an expert on climate risk in mortgage markets, said the province must spend more on disaster risk preparedness and disaster recovery.

"This is a good start but only a moderate amount given the evidence about the cost of previous natural disasters in B.C.," said Ouazad, an associate professor in finance and economics at Rutgers Business School in New Jersey.

It's prudent for homeowners to "adapt your houses" in anticipation of floods and wildfires, Ouazard said.

MoneyGeek

March 8, 2024

MoneyGeek, Experts' insights on finding the best credit union credit cards for balance transfers

What are some of the key features consumers should look for in a credit union credit card for balance transfers? "I would suggest that among the key features of a credit union credit card would be no annual fee, low-interest rates for any balances not paid off in full, and rewards that correspond to the consumer's spending patterns," Rutgers Business School finance professor John Longo said.

ROI-NJ

ROI-NJ

March 7, 2024

ROI-NJ, , ROI Influencers: Women in Business 2024 — Lisa Kaplowitz

It’s time to get with the times.
We’ve grown tired of hearing from people who say they can’t find women to run their company, be in a top leadership role, sit on a board — or even be on a panel.
So, we’re leaving them behind.
If you haven’t caught on yet, then please stop reading. And know that history will not be kind to your outdated thinking.
The release of the 2024 ROI Influencers: Women in Business once again shows the state is overflowing with amazingly impressive female leaders who are ready, willing, able and eager to take on any role.
Just scroll through our list of honorees, take in their accomplishments and ask yourself:
Wouldn’t they be good candidates for any and all roles at a company where smarts, work ethic and leadership are required?
It’s 2024. The future is here. And it’s decidedly female.

Lisa Kaplowitz
Executive director
Rutgers Center for Women in Business

Former chief financial officer of top companies now runs a center that aims to remove barriers, build community and empower women with the confidence and skills necessary to succeed as business leaders.

Commerce

Commerce

March 5, 2024

Commerce, Rutgers' Center Empowers Women for Careers in Business, Lisa S. Kaplowitz

"Our mission is three-fold, and we're doing it through education, opportunity and thought leadership," said Lisa Kaplowitz, the founder and executive director of The Center for Women in Business, who is also an associate professor in the finance and economics department at Rutgers Business School. "We are removing barriers, building community and empowering women with confidence and skills."

NJBIZ

NJBIZ

March 1, 2024

NJBIZ, Manhattan private equity firm finds opportunity in tense market, Morris Davis

Also speaking at the CRE Outlook, Morris Davis, the Paul V. Profeta Chair of Real Estate, professor of finance and economics, and academic director of the Rutgers Center for Real Estate, similarly drew distinctions when it came to offerings on either side of the Hudson River.

“There’s two other things going on in Manhattan that I think are going to be positive for the New Jersey office market. The first is the congestion tax … And so maybe some parts of some office space will move over to Jersey so that the workers can avoid pain,” he speculated.

“The other thing that’s hard data is that New York City is starting Jan. 1 to impose taxes on buildings that have energy emissions past a certain amount … point is — about a third of office buildings in New York City are going to be taxed. … So that might be enough to shut down the older parts of the office market in New York.

The Harvard Crimson

The Harvard Crimson

March 1, 2024

The Harvard Crimson, Harvard University to Enter the Debt Market for $750 Million Taxable Bond Sale, John Longo

“A long-term bond issue is probably the wisest thing to do at the present juncture since the current yield curve is inverted,” wrote Rutgers Business School professor John M. Longo in a statement.

“In other words, the annual yield on long-term interest rates is lower than that of short-term interest rates,” he added.

Bitcoin Ethereum News

Bitcoin Ethereum News

February 14, 2024

Bitcoin Ethereum News, FutureBit Partners With Rutgers University To Educate Students On Bitcoin, Mark Guthner

“The RBSCryptoLab is a resource for the Blockchain Hub members, enabling Rutgers students to build, run, and maintain mining equipment,” said Professor Mark Guthner, leading the initiative at Rutgers. “In addition, it facilitates the learning process by merging theory with practice. Students learn how blockchains work and how decentralized networks perform their important functions. The RBSCryptoLab’s latest acquisition is the Apollo Bitcoin node and mining machines designed, manufactured, and sold by FutureBit.”

Real Estate NJ

Real Estate NJ

February 1, 2024

Real Estate NJ, Rutgers unveils full lineup for high-profile symposium, case study on distressed assets, Morris A. Davis

“These panelists and audience experts will represent various roles in the fact pattern and attempt to put the failing, half-built project on a path to completion,” said Zangari, a member of Sills Cummis and member of the Center for Real Estate’s executive committee.

“This discussion could not be better timed. In each real estate recession, restructuring experts work themselves out of a job by the end of the downturn — leaving a talent vacuum when the next recession happens.

“We’re at that point now,” he added. “Many of the professionals in commercial real estate and lending today were in high school or college during the last crisis 15 years ago, so there’s knowledge void. What better venue to fill that gap than the Rutgers Center for Real Estate?”

Caryl Communications

Caryl Communications

January 31, 2024

Caryl Communications, NAIOP NJ Examines Impact of Economic Trends on CRE, Morris A. Davis

The program included a presentation by Richard Barkham, CBRE’s global chief economist, head of Global Research and head of Americas Research, who described the current global, regional and local economic climate. JLL Vice Chairman Robert Kossar also moderated a panel discussion of the challenges and opportunities the current economy presents for the state’s CRE industry. Participating in the conversation were Morris A. Davis, Rutgers Center for Real Estate; Will Irving, Edward J. Bloustein School of Planning and Public Policy; and Otteau Group’s Jeffrey G. Otteau.

ROI-NJ

ROI-NJ

January 31, 2024

ROI-NJ, All-star cast of experts set for Rutgers Real Estate symposium on distressed mixed-use projects, Morris A. Davis

On Feb. 7 at the New Jersey Law Center in New Brunswick, leading figures in the sector will participate in a case-study program entitled: “Your Mixed-Use Redevelopment Project Is in Distress. Now What?”

The event, put on by the Rutgers Center for Real Estate, aims to provide insights for developers, lenders, investors, commercial real estate professionals and community leaders.

The event will feature a panel of experts playing various roles in a fictional case (that will hit home for many). The case was authored by Ted Zangari of Sills Cummis & Gross and George Jacobs of Jacobs Enterprises.

U.S. News & World Report

U.S. News & World Report

January 25, 2024

U.S. News & World Report, How COVID changed the way Americans work, and how much money they have, Morris A. Davis

“The COVID-19 pandemic prompted a radical shift in how much people worked from home, which in turn boosted the productivity of working from home due to mass adoption of remote-work technologies,” said Morris Davis, the paper’s lead author. “The increase in productivity is predicted to lead to higher lifetime incomes for those workers in occupations with tasks that are most easily accomplished at home -- predominantly high-skill workers – and thus a side consequence of the increase in productivity of working at home is a widening of income inequality. The change in work-from-home productivity also increased the demand for housing, consistent with the increase in house prices we observed between 2020 and 2022.”

ROI-NJ

ROI-NJ

January 24, 2024

ROI-NJ, ROI Influencers Power List 2024: Associations & Organizations, Lisa S. Kaplowitz

Lisa Kaplowitz
Executive director
Rutgers Center for Women in Business

The center aims to remove barriers, build community and empower women with the confidence and skills necessary to succeed as business leaders.

ROI-NJ

ROI-NJ

January 24, 2024

ROI-NJ, ROI Influencers Power List 2024: Real Estate, Morris A. Davis

Morris Davis
Academic director
Rutgers Center for Real Estate Studies

The Rutgers Center has established itself as the preeminent real estate school in the state, thanks to Davis — an incentive to ensure the next generation of commercial real estate pros matches the diversity in our state.

The New York Times

The New York Times

January 4, 2024

The New York Times, To the Editor: Re “What Happened at Harvard Is Bigger Than Me", Mark Castelino

Claudine Gay wraps herself in Harvard’s toga of integrity. It simply won’t work, not for herself nor for Harvard. Plagiarism allegations are serious, especially for an academic researcher — or for a president of a leading academic institution. The best she can do now is to leave gracefully, without excuses or explanations.

Northjersey.com

Northjersey.com

January 1, 2024

Northjersey.com, NJ's minimum wage will rise on Jan. 1, but not for everyone. What workers need to know, Parul Jain

The law grants seasonal employers and those with six or fewer workers until 2026 to reach $15 an hour. Still, those employees' pay will increase by 80 cents next year, to $13.73.

“You want to cut them a little bit more slack so they can organize themselves a bit better, but they’re not exempt from the law,” said Parul Jain, who teaches finance and economics at Rutgers Business School.

Daily Record

Daily Record

December 19, 2023

Daily Record, Are there more women CEOs now?, Lisa S. Kaplowitz

Lisa Kaplowitz, executive director of the Rutgers Center for Women in Business, said women get stuck in “non-promotable work in the office, like note-taking, running the employee resource groups, taking on the emotional labor of the office, as the support role. Women are viewed as not as ambitious, which is just not true. Outside of the office, women still take on the majority of housework and child care at home.

“There’s the assumption that she doesn’t want the promotion, the assumption that she doesn’t want to travel, the assumption that she isn’t committed to her job. All of that is a false narrative,” Kaplowitz continued.

BNN Bloomberg

BNN Bloomberg

December 17, 2023

BNN Bloomberg, Assessing the Pandemic Impact on Women in Finance, Lisa S. Kaplowitz

On this episode of "Bloomberg Equality," Lisa Kaplowitz, finance professor at Rutgers University and the co-founder and executive director of the Rutgers Center for Women in Business, looks at how the coronavirus pandemic is affecting women in the financial-services industry. She speaks with Bloomberg's Haidi Stroud-Watts and Shery Ahn.

The Economist

The Economist

December 14, 2023

The Economist, Why stockpickers should get out more, Azi Ben-Rephael

Financial analysts, like journalists, split their time between deskwork and roadwork: meeting executives, inspecting operations, tasting the local cuisine. Are these escapes into the outside world worth it?

In a new paper Azi Ben-Rephael of Rutgers University, Bruce Carlin of Rice University, Zhi Da of the University of Notre Dame and Ryan Israelsen of Michigan State University investigate the benefits of travel. They track 336 analysts of American stocks from 2017 to 2021, estimating the length of their office days from the time they spent logged in to their Bloomberg terminals. Analysts who did not log in during a workday were assumed to be traveling for work.

Logging off and getting out has some costs: peripatetic analysts issued fewer forecasts. But their stock recommendations made more of a splash, moving the market by more than their peers’ picks. They were also more likely to be rated as “star” analysts in the rankings published by Institutional Investor, a magazine.

Was this prestige deserved? Escaping from the office does, after all, give a stockpicker more time to schmooze with the institutional investors who contribute to rankings. And it fills their sleeves with more seductive tales to tell.

On the other hand, the paper shows that the forecasts of well-traveled analysts were also significantly more accurate than those of their peers.

NorthJersey.com

NorthJersey.com

December 6, 2023

NorthJersey.com, Why is everyone asking for tips? How tipping culture in America is changing, Parul Jain

Parul Jain, who teaches finance and economics at Rutgers Business School, said tipping got a huge boost during the COVID-19 pandemic.

People used to tip on the basis of performance, she said. Now, the near ubiquitous use of touch screens at places where we'd never previously think of tipping applies enormous pressure.

"You feel guilt or misery," Jain said, adding that during COVID when many eateries were struggling, it was not uncommon to tip 30%.

MoneyGeek

November 29, 2023

MoneyGeek, Best Business Transfer Credit Cards in 2023, John Longo

In its questions to experts, MoneyGeek asked, Are there any drawbacks that businesses should be aware of when using balance transfer cards? "Businesses should keep meticulous records, so the owner(s) should look at the monthly and year-end reporting features of balance transfer cards and seek low-interest rates and attractive rewards programs," said John Longo, a distinguished professor of professional practice in finance at Rutgers Business School.

The New York Times

The New York Times

November 17, 2023

The New York Times, After a Landmark Verdict, Realtors Ask, ‘What’s Next?’, Morris A. Davis

A single verdict, however, is not the last word on any issue, particularly in an industry as vast and profitable as real estate. “Somebody will overturn this, and it will go away,” said Morris A. Davis, the academic director of the Center for Real Estate at Rutgers Business School.

Seventy-five years of public policy coupled with a powerful real estate lobby have created an entrenched marketplace resistant to significant reforms, he said: “I just don’t see a world in which we’re willing to blow that up.”

Yale News

Yale News

October 30, 2023

Yale News, Yale endowment performance on par with peers in slow year for university investment returns, John Longo

But John Longo, the former chief investment officer of Beacon Trust and a professor at Rutgers Business School, told the News that the 60-40 model is not an appropriate benchmark to judge the performance of Yale’s endowment.

He noted that Yale’s peers all follow an alternative investment model, too.

“Performance over a one-year period is not meaningful for an institution like Yale which has a very long-term horizon,” he told the News. “Despite the somewhat disappointing short-term returns, in my opinion, Yale’s approach to managing its investment remains sound.”

GoBankingRates.com

GoBankingRates.com

October 29, 2023

GoBankingRates.com, 6 Ways It’s Easier To Get Rich Now Than It Was 100 Years Ago, John Longo

Index funds are another newer way to build wealth — one that’s easier to get started with than it was in the 20th century.

“The index fund is undoubtedly one of the most important financial innovations in the past 100 years. Vanguard created the first index fund for individual investors in 1976, but its growth has dramatically accelerated since the early 2000s,” said John Longo, PhD, CFA, Beacon Trust’s chief investment officer and Rutgers distinguished professor of professional practice in finance and economics. “An investment in an index fund requires minimal time and effort, charges an exceptionally low fee and outperforms roughly 90% of active managers over the long run.”

Real Estate NJ

Real Estate NJ

October 23, 2023

Real Estate NJ, Rutgers Center for Real Estate adds Dynamic Engineering as corporate sponsor, Morris A. Davis

“Dynamic Engineering is a firm focused on helping to ensure that students studying real estate are prepared to join the workforce,” said Morris A. Davis, the Paul V. Profeta chair of real estate and academic director for the Rutgers Center for Real Estate. “We are gratified to be cooperating with such a committed firm and look forward to this engagement and the benefits to our students.”

The Harvard Crimson

The Harvard Crimson

October 12, 2023

The Harvard Crimson, Harvard’s Endowment Could Deliver Poor Returns for the Second Year in a Row, John Longo

Some portions of Harvard’s endowment may still deliver strong performances. According to Rutgers Business School professor John M. Longo, HMC’s stock portfolio — which is heavily invested in technology companies — could boost its fiscal year 2023 returns.

“US stock market performance has largely been driven by a small group of large cap Technology oriented securities,” Longo wrote. “Harvard Management Company held three of these stocks (Meta, Alphabet, and NVIDIA) among its top 10 equity positions, so the equity segment of the HMC portfolio likely performed well this calendar year.”

ROI-NJ

ROI-NJ

October 10, 2023

ROI-NJ, Why Nobel Prize in economics could have big impact on wage gap for women, Lisa S. Kaplowitz

As a professor who teaches finance and economics and a former investment banker and chief financial officer at some of the top firms in the world, you can be sure that Lisa Kaplowitz cheered the announcement that Claudia Goldin was the third woman to earn the Nobel Prize in economics — the first to do so as a solo winner.

And, as the co-founder and executive director of the Rutgers Center for Women in Business, you can be sure Kaplowitz is pleased that Goldin’s pioneering research on identifying drivers of gender differences in the labor market will bring more attention to the issue.

Kaplowitz’s biggest hope, however, is that the next generation won’t need such distinctions — or the research.

“I’m really looking forward to a time when her research is realized and we’re not talking about the fact that so-and-so is the first, because that means we have created pay equity, we have created equal representation and the biases have been removed from the system,” Kaplowitz said.

The Daily Targum

The Daily Targum

September 25, 2023

The Daily Targum, Members of U. community react to recent changes in IPO market, Lisa S. Kaplowitz

Lisa Kaplowitz, an associate professor in the Department of Finance and Economics at Rutgers Business School and executive director at the Rutgers Center for Women in Business (CWIB), said that a company goes public for two primary reasons: to access more money to expand its business and to provide private investors the opportunity to monetize their investments.

The post-pandemic IPO market had stayed dormant due to a lack of investor optimism, but companies have recently gained confidence in their ability to raise capital as the Federal Reserve slows down on interest rate hikes and inflation concerns subside, she said.

ROI-NJ

ROI-NJ

September 20, 2023

ROI-NJ, Rutgers report: Too much required parking at multifamily sites is bad for rents — and environment, Morris A. Davis

A new White Paper from the Rutgers Center for Real Estate focused on parking in multifamily residential communities spells this out. (Click here to read the paper.)

The result of several months of examination after analyzing data obtained from over 175 properties and approximately 28,000 operating multifamily rental units in the state, the report concludes that mandatory rules required by the Residential Site Improvement Standards are outdated — and that they may not reflect a society that relies on ride-sharing and/or mass transit more than ever.

The report, entitled “How Much Is Enough? Parking Usage in New Jersey Rental Units,” showed that, on average, low and midrise apartment buildings in New Jersey utilize approximately 0.56 parking spaces less than as required by RSIS, with high-rise communities utilizing approximately 0.32 parking spaces less than as required by RSIS.

Deb Tantleff, the founding principal of TANTUM Real Estate and one of the authors of the paper, said the results of the objective research provide conclusive and compelling data that can and should be utilized by both the public and private sector.

“A thoughtful and intentional approach to reduce parking requirements will benefit municipalities, planners, developers/operators and, importantly, the end user while creating a pathway to address larger affordability challenges that we face as a state and country,” she said.

Tantleff prepared the paper along with Morris Davis (the head of the Rutgers Center for Real Estate), Ron Ladell (the head of AvalonBay in New Jersey) and Facundo Luna (a Ph.D. student at Rutgers University).

Money Geek

Money Geek

August 30, 2023

Money Geek, Best 0% APR Credit Cards in 2023, John Longo

Could making a large purchase on a 0% APR card affect one’s credit score?

A large purchase may negatively impact your credit score since one of the components of the credit score is the percentage of credit utilized. You should also analyze the purpose of the 0% purchase. If the purchase is purely for consumption purposes, it may be unnecessary. However, if the purchase helps fund a business or other investment, perhaps it will be worthwhile. Clearly, once the 0% "teaser" rate expires, it is crucial to repay the debt in full since future interest rates will often snowball to a rate in the high teens or 20%+.

Money Geek

Money Geek

August 30, 2023

Money Geek, Best First Credit Cards for No Credit in 2023, John Longo

Are there any benefits of getting a credit card while still in college?

Getting a credit card at nearly any age — late teens and above — can help you build up a positive credit rating if the card is used responsibly. It may also earn the owner rewards points that may provide discounts on purchases or cash back. However, if you are unable to pay the credit card balance in full each month, you are probably better off sticking with a debit card.

Money Geek

Money Geek

August 30, 2023

Money Geek, Guide to Money Management and Investing During a Recession, John Longo

What is some advice you would give to people for managing their money during a recession?

Currently, money market funds, CDs, and Treasury Bills are offering attractive (e.g., 5%+) yields. These investments may make sense for a portion of the "safe" part of one's portfolio. I'd be surprised to see 5%+ rates on these instruments a year from today. Over many months, investing in stock index funds on a dollar-cost-averaging basis has historically been a good investment for the "risky" part of one's portfolio. Descriptions of the "American Dream" usually consist of owning your own home. So, saving money for a down payment on a new home or accelerating payments on an existing home may make sense as part of an overall financial plan.

The Center Square

The Center Square

August 15, 2023

The Center Square, Report; Anchorage has lowest drop in CPI among ranked cities, Morris A. Davis

Morris A. Davis, professor and Paul V. Profeta Chair in Real Estate and the academic director of the Center for Real Estate Studies at Rutgers Business School, said certain factors will drive down inflation.

"Hopefully, the Russia-Ukraine war will be over soon and the COVID pandemic is essentially over so the impact of supply disruptions on inflation should go away soon," Davis said. "Additionally, the Fed is trying to reduce demand for goods and services by raising interest rates. The key is to get the core inflation rate to 2 percent."

The inflation rate doesn't tell the entire story behind the U.S. economy, Davis said.

"I think the thing we should all be worried about is the debt ceiling," Davis said. "If the U.S. government defaults on a debt payment, chaos will ensue in financial markets, a major recession or worse will follow, and the dollar may massively revalue."

MSNBC

MSNBC

August 10, 2023

MSNBC, Sorry, Trump: Women's soccer flourished because of equal rights, Lisa S. Kaplowitz

And according to a Rutgers Business School analysis, it is because of Title IX that today, three million more high school girls and 200,000 more college women have access to athletic pursuits.

Reuters

Reuters

August 10, 2023

Reuters, Bulging warehouses mean lean times for longer for US, European companies, Parul Jain

Parul Jain, finance and economics professor at Rutgers University, reckons the problem might have got worse in the United States, not better.

The U.S. inventory-to-sales ratio was 1.4 in May, up from 1.33 a year ago, which means retailers, manufacturers and wholesalers have more inventory than they can sell at a higher rate than a year ago, she said.

Promarket

Promarket

August 4, 2023

Promarket, Reaching for Influence: Do Banks Use Loans to Establish Political Connections?, By Hosein Maleki, Mahsa Kaviani, and Pavel Savor

A new study examines whether privately owned banks seek political influence by offering preferred loan terms to corporate borrowers with valuable political connections, showing that such connections do indeed lead to lower interest rates on new loans.

MoneyGeek

August 1, 2023

MoneyGeek, Best Secured Credit Cards in August 2023, John Longo

Among the questions MoneyGeek asked a group of experts was this one, What are some of the main benefits of having a secured credit card? Would you consider it worth it for most people? John Longo, a distinguished professor or professional practice in finance at Rutgers Business School offered this information as part of his advice in the piece: "A secured credit card is backed by cash, so there is a significantly reduced chance of default. Therefore, a secured card enables you to build up your credit rating in most instances. If someone has had problems in the past with paying off the balance in full on a traditional credit card, then a secured card may be a good option. Consumers should try hard to pay off their balance in full each month with any type of credit card since the interest rate on remaining balances is likely to exceed the returns on other uses of the funds.

WalletHub

WalletHub

July 31, 2023

WalletHub, 5 Best Same-Day Loans of September 2023, Ben Sopranzetti

What advice do you have for people looking for a same-day loan?

Same-day loans can be a quick source of emergency funds for people who are in urgent need of cash, but they can be extremely expensive (APRs can be several hundred percent for payday loans) and come with nasty non-payment penalties. Same-day loans often come with high origination fees that include both a fixed charge and a percentage of the loan amount in addition to the high-interest rate. Many have prepayment penalties and expensive rollover costs (if you have to roll it over because you cannot pay it off by the due date).

The best advice that I can give to someone considering these loans is to read the fine print and only borrow from a licensed lender.

WalletHub

WalletHub

July 31, 2023

WalletHub, Balance Transfer Guide, Parul Jain

Do you think most adults know what a balance transfer is and how it works? Why or why not?

Most adults may have heard about balance transfers; however, this can only be availed of if the 0% offer is mailed to them. And it appears that these offers are mailed to people with high credit ratings, who obviously may not be maintaining outstanding credit card balances for transfer. These offers seem to be targeting the wrong audience.

By and large, it seems that most have a partial understanding of how balance transfers work. The devil is in the details: the balance transfer fee could be 3-5%, the 0% is a teaser rate that can skyrocket when the grace period ends, and there is always a minimum amount to be paid to keep the 0% rate. Thus, any lapses can lead to a big tab.

Courier & Press

Courier & Press

July 22, 2023

Courier & Press, YWCA Evansville announces keynote speaker for Equality Day luncheon, Lisa S. Kaplowitz

YWCA Evansville has announced its keynote speaker for the 21st annual Women's Equality Day celebration, and according to the news release, she brings a combination of athleticism, advocacy and business.

Lisa Kaplowitz will be addressing the theme, “From the Locker Room to the Boardroom – Channeling Your Inner Athlete (Even if You Never Played Sports)."

Kaplowitz's background in gender equality advocacy dates to her student-athlete days at Brown University, when she was part of a landmark Title IX case that added more varsity athletic opportunities for women.

NorthJersey.com

July 12, 2023

NorthJersey.com, Moving back with parents after college? In New Jersey, you're not alone., Parul Jain

RentCafe recently showed new data indicating that North Jersey has one of the most competitive rental markets in the nation, due to high home prices, tight housing supply and inflation. Those factors, combined with a job market that has showed signs of slowing for entry-level positions, have made New Jersey the state with the highest percentage of people ages 18 to 34 living with their parents, said Parul Jain, an associate professor of practice in finance and economics at Rutgers Business School.

The Atlantic

The Atlantic

July 12, 2023

The Atlantic, How Much Should You Really Spend on a House?, Morris A. Davis

Given the apparent arbitrariness of the established guidelines, I posed the question of how much a responsible individual should truly spend on a house. I disregarded the fantastical figures that optimistic lenders might approve and focused on an appropriate expenditure. The experts seemed puzzled by this premise. “What does the word responsible even mean?” pondered Morris Davis, a real estate professor at Rutgers.

The most significant danger of overspending on a house is the potential inability to continue making payments in the event of personal or global catastrophes. Admittedly, the risk is relatively low. Even homeowners who allocate up to 38 percent of their income towards their mortgage tend to avoid default, especially if they possess good credit and paid a substantial down payment, according to Davis’ research.

Supply Chain Management Review

Supply Chain Management Review

July 3, 2023

Supply Chain Management Review, The changing face of supply chain executive education, Farrokh Langdana

It’s no secret that supply chains were put to the test during COVID, and that many global networks are still feeling the lasting impacts of the subsequent shortages. That’s because consumer demand increased as the worldwide crisis wound down, exacting even more stress on already-taxed supply chains. “When demand exploded, everything from semiconductors to cars to basic items were hard to get,” says Farrokh Langdana, a professor in the finance and economics department at Rutgers Business School and director of its Executive MBA Program.

Yahoo! Finance

Yahoo! Finance

June 9, 2023

Yahoo! Finance, Nearly $400,000 Raised for Delivering Good at the Inaugural Women of Impact Summit!, Lisa S. Kaplowitz

The event included remarks by Special Guest Speaker, Lizanne Kindler, Executive Chair & CEO, Talbots, Ann Taylor, LOFT, Executive Chair, Lane Bryant, followed by a lively panel discussion moderated by Lisa Kaplowitz, Founder & Executive Director of the Center for Women in Business, Rutgers University that included Jill Beraud, Independent Director, Levi Strauss & Co. Chair, Fashion for Good, Gisel Ruiz, Former EVP Chief Operating Officer, Sam's Club, Independent Director, Ulta Beauty, and Theresa Strickland, Executive Leader and Digital/Brand Transformation Expert.

The Harvard Crimson

The Harvard Crimson

May 25, 2023

The Harvard Crimson, Harvard Experiences 18% Jump in Direct Public Portfolio Value in Q1 2023, John Longo

John M. Longo, a professor at Rutgers Business School and chief investment officer at Beacon Trust, wrote in an email that the growth in HMC’s direct stock holdings mirrors the performance of other investment portfolios during the first quarter.

“The S&P 500 increased 7.5% in Q1, so most diversified equity portfolios rose over the reporting period,” Longo wrote.

As of December 2022, HMC’s holdings in Meta totaled $136 million, representing more than 16 percent of its stock portfolio. By the end of the first quarter in 2023, the company’s Meta stocks were worth more than $240 million — more than a quarter of the value of HMC’s direct public investments.

Longo also wrote in an email that Meta’s stock “has been one of the best performers YTD in 2023.”

“The firm has embraced cost-cutting as well as growth in AI, while seeming to scale back its investments a bit in the metaverse,” Longo said. “Investors seem to like this shift in strategy.”

USA Today

USA Today

May 24, 2023

USA Today, When will inflation slow down? Here's what to know about where consumer prices are headed., Farrokh Langdana

Farrokh Langdana, director of the executive MBA program at Rutgers Business School said that inflation peaked around 9.5% last June and has since fallen to about 5%, though he acknowledged that’s higher than the Federal Reserve’s 2-3% inflation target.

“The economy is growing, there’s optimism, they’re buying more furniture, they’re traveling more, they’re eating out more,” Langdana said. “This is known as demand pull. The demand is pulling up prices.”

At a certain point, however, the demand pull overwhelmed the economy.

“What happened last year was another inflation came in at the worst possible time: cost push inflation. This is inflation caused by shortage,” Langdana said. “This is the cost-push inflation because you have prices going up but production going down.”

Part of the Fed’s tough messaging so far, he added, is to address the psychological component of inflation, because just the expectation of inflation can drive prices higher.

“If the Fed has to tame expectations, it’s not just bringing inflation down, it’s also bringing the expectations of inflation down,” Langdana said. “They’re not just trying to sound tough, there is a purpose here. It’s to shut down any thought that this will be a lingering inflation.”

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