An editorial notes that recent research by David Barker, finance professor at The University of Iowa’s Tippie College of Business, suggests the U.S. government has lost money on Alaska.
more...University of Iowa economist David Barker says that he thought Alaska was a good deal for the United States until he ran the numbers. Listen
more...University of Iowa economist DAVID BARKER says that from a purely economic standpoint, the purchase of Alaska for $7.2 million in 1867 hasn't paid off for the American taxpayer. As It Happens is a production of CBC radio and heard on NPR stations in the United States. (The story is the last segment of the program). Listen
more...Lisa Livingston, 28, is the director of event services for the Naperville Area Chamber of Commerce. And for her, working with not-for-profit groups and volunteers is where the action really happens. "I read recently that there are over 3,000 not-for-profit groups here in DuPage County alone," Livingston said. "Clearly, the things that happen here in the county would never be possible without them." Livingston attended Waldorf College before transferring to The University of Iowa where she earned a degree in English with a minor in business.
more...The U.S. paid Russia $7.2 million in gold for Alaska in 1867, less than 2 cents an acre. Screamin' deal, right? Wrong, says University of Iowa finance professor David Barker, who suggests the investment hasn't been worth it for U.S taxpayers. The newspaper is published in Alaska.
more...University of Iowa management professor Sara Rynes discusses research she performed with fellow Tippie faculty members Ken Brown and Amy Colbert about why there is such a disconnect between human resources academics and practitioners. This story is available to subscribers only.
more...University of Iowa alumnus Brent Humphries writes about the job market for MBAs.
The Iowa Electronic Market, run by The University of Iowa's Henry B. Tippie College of Business, runs flu futures markets.
The Department of Health and Human Services has released a guide for religious groups that encourages "social distancing measures." Job interviews also present a tricky quandary these days. "The handshake is such an important part of the business culture that a job candidate is really taking a chance by not doing it," said Greg Stewart, a management professor at The University of Iowa. "Our research has shown that it's one of the most important indicators of a person's interpersonal dimensions, so not shaking hands might reflect badly." He advises washing hands or using hand sanitizer before and after interviews.
more...If you are feeling skittish about shaking hands during a job interview as the H1N1 virus spreads, Greg Stewart, a professor at The University of Iowa's Tippie College of Business, is offering some advice. He says the handshake is an important marker of personal interaction, and his research shows that potential employers might look negatively upon a prospect who withholds a handshake. He suggests that the interview be rescheduled if either party is sick, or that they go ahead and shake hands, but use hand sanitizer.
Jodi Schafer, director of full-time MBA admissions and financial aid at the University of Iowa Tippie College of Business, talks about how the program is evolving to meet the changing demands of the marketplace, and how prospective students can convince her they'll be able to keep up. "We're really trying to mirror our program after what it is that employers are looking for, because ultimately the students are looking for a better opportunity and something they couldn't gain without the MBA. We're not successful unless we're able to provide that to them," she said.
A group of researchers at The University of Iowa's Tippie College of Business is using the principles of more efficient manufacturing processes in an effort to help contain ever-increasing health care costs. "Whether you're talking about health care or manufacturing, 'Lean' manufacturing provides a framework to systematically improve service and lower costs," said Barrett Thomas, assistant professor of management sciences.
Still recovering from the flood itself, The University of Iowa is helping Cedar Rapids recover. The Tippie School of Management is moving and expanding its operations in downtown Cedar Rapids.
"It is a huge deal, a lot of traffic from a lot of professionals that are the type of people we want to encourage to hang out, every night, four nights a week at least," said Stephen Emerson, who owns the building. Emerson graduated from the school, and had been trying to get them to move for a few years.
They're moving in above Blend restaurant on 2nd Avenue. The school will take the entire third floor of the building. The school was previously located in the Town Centre, which is currently in a bankruptcy court as an asset of Lehman Brothers.
The school had held classes in the Town Centre building for years, but ultimately grew beyond its surroundings and needed to move. The dean of The University of Iowa's Tippie College of Business said the flood forced them to move, and they ended up holding class all around Cedar Rapids. Instead of leaving downtown, the school came back.
"We think it's a win-win-win situation for everybody involved," said Curt Hunter, dean of the Tippie College of Business.
After studying several locations, downtown made the most sense, not only because of the central location, but because it will bring up to 250 people here four nights a week, said Hunter.
Hunter said bringing in students is a proven recipe for growing downtown. He said it worked when he did it with the University of Connecticut and moved a school to downtown Hartford, and he saw it firsthand in Chicago in the mid-90's.
Lost in the debate over health care is the fact that health insurance differs from other types of insurance, a U.S. researcher says. Ty Leverty, assistant professor of finance in the Tippie College of Business and Tristar Risk Management Fellow at The University of Iowa, suggests health insurance differs from other types of insurance. Health insurance covers the cost of predictable things, like an annual checkup, mammograms, or cholesterol tests. "That's like asking auto insurers to cover the cost of a tune-up," Leverty says.
more...Scott Heiferman, CEO of Meetup, a web site for organizing local groups, gives a first-person account of how he started his company. "A Meetup is about the simple idea of using the Internet to get people off the Internet," he said. People have organized more than 200,000 monthly Meetups in more than 100 countries. Heiferman first studied engineering, but later got a business degree from The University of Iowa. "I worked at the college radio station, as host of a weekly show called 'Advertorial Infotainment,' which was about culture increasingly being overrun with ads and consumerism. The show was quite anti-business; I considered it an art project," he added.
more...Homeownership has long been heralded as better for children. Kids raised in owned--as opposed to rented--homes show higher math and reading scores and less tendency to drop out of high school. New research by DAVID BARKER of the University of Iowa and Eric Miller of the Congressional Budget Office indicates that homeownership actually has little to no effect on how kids do in school. Their paper, "Homeownership and Child Welfare," which appears in the summer issue of Real Estate Economics, is drumming up interest in housing-policy circles for calling into question one of the basic rationalizations for encouraging people to own homes.
more...