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Canadians Doubling Back-to-School Spending
At the same time Canadian household debt levels are at record amounts, a new Angus Reid Poll says Canadians this year are expected to spend almost double what they spent on school supplies last year. The big reason is technology reshaping what people are buying, and also how and when they are making their purchases. Households will reportedly spend an average of $883 preparing for this year's school season, nearly twice the $450 spent last year. Nathan Sugeng and Natalie Faubert are Licensed Insolvency Trustees with Fontaine & Associates and people who help families deal with debt issues. They have advice on how to get back-to-school spending under control and are available for media interviews. Source:
Relief effort in Houston a complicated one
Record amounts of rain fall will bring catastrophic flooding to the Houston area. How to manage such a crisis brings to mind any number of logisical nightmares and heart-breaking scenarios. Goizueta’s Ken Keen is an expert in crisis response. Keen was commander of the Joint Task Force in Haiti when the earthquake hit six years ago. He was charged to lead the largest U.S. military based response to a foreign disaster commanding more than 22,000 personnel, 19 ships and 57 aircraft. Keen spent 39 years in the U.S. Army with positions including Military Deputy Commander of the U.S. Southern Command, Commander, Joint Task Force-Haiti and Commander positions around the world. He can speak to emergency preparedness and the steps following a natural disaster. Source:
Baylor Gospel Expert: MLK’s ‘I Have a Dream’ Inspired Response from Black Gospel Artists
Fifty-four years ago this week. On Aug. 28, 1963, from the steps of the Lincoln Memorial in Washington, D.C., Dr. Martin Luther King Jr. delivered “I Have a Dream” – one of the most iconic speeches in American history and a defining moment of the Civil Rights Movement. For black gospel artists recording in the years after 1963, King’s speech was fertile ground for creative expression, said Robert Darden, professor of journalism and founder and director of Baylor’s Black Gospel Music Restoration Project (BGMRP). “These artists responded by creating songs that sampled portions of Dr. King’s recorded audio, drew inspiration from his words or supported the Civil Rights Movement in the wake of its delivery,” Darden said. Darden founded Baylor’s Black Gospel Music Restoration Project more than a decade ago in an effort to identify, acquire, preserve, digitize and catalog recordings from the black gospel music tradition. This music, from the Golden Age of Gospel from 1945 to 1975, was quickly vanishing as albums made the transition to CDs. Through the work of the Baylor Libraries’ Digital Projects Group, recordings from the BGMRP are available online in the Baylor Libraries Digital Collection, and in some cases includes other materials, such as taped interviews, photographs, press packets, tour books and programs, newspaper and magazine clippings, and sheet music. Music from the BGMRP also has been included in a permanent exhibit featuring African-American musical history at the Smithsonian Institution’s National Museum of African American History and Culture. Source:
Millennials who are pursuing careers in public relations do not feel prepared to offer advice on ethics to their companies — and in fact, they do not expect to face ethical dilemmas at work, according to a Baylor University study. Millennials or Generation Y — generally identified as people born between 1981 or 1982 through 2000 — are projected to make up one third to one half of the country’s workforce by 2025. They will shift from being “doers” to being “deciders” in businesses, and their ethical compass will set the course for subsequent generations of public relations professionals, said study author Marlene Neill, Ph.D., assistant professor of journalism, public relations and new media in Baylor’s College of Arts & Sciences. “The study findings about lack of ethical readiness are a cause for concern,” Neill said. “If Millennials don’t feel equipped, they may be misled by their superiors or used as instruments of unethical behavior.” Without mentoring or training, they must learn by trial and error. Researchers found that factors that have a positive impact on Millennials readiness to face ethics issues include ethics training in college, workplace training, training through professional associations and mentoring by someone inside or outside their organization. But while the majority (74 percent) had received ethics training in college, most had not received training in the workplace through such methods as videos, handbooks and learning modules; or through a professional organization such as PRSA. Besides lacking confidence, most appear to be overly optimistic that they will not have to confront such common dilemmas as truthfulness in communication, altering researching results, working with questionable clients or blurring of personal and professional speech online, Neill said. Source:
This column by The Atlanta Journal-Constitution columnist Matt Kempner quotes business expert Peter Klein, Ph.D., professor of entrepreneurship in Baylor’s Hankamer School of Business and Senior Research Fellow with Baylor's Baugh Center for Entrepreneurship and Free Enterprise. Kempner asked several business and management professors to discuss President Trump’s management style. Klein said Trump's "style and manner is the dramatic departure from predecessors, not so much his policy." And regarding the differences in government versus business? “I understand the wish to make agencies more efficient,” Klein said. “But at the end of the day, government organizations are not like businesses.” ABOUT PETER KLEIN Peter G. Klein is Professor of Entrepreneurship at the Hankamer School of Business, Baylor University, and Senior Research Fellow with Baylor's Baugh Center for Entrepreneurship and Free Enterprise. His research focuses on the links between entrepreneurship, strategy, and organization, with application to innovation, diversification, vertical coordination, health care, and public policy. Source:
Another Big Short or Better Off? 10 Years Later – Is there Another Financial Crisis Looming?
It was 10 years ago Wednesday that the world changed for just about everyone. It was on that afternoon when BNP Paribas announced it was ceasing activity in three hedge funds that specialized in U.S. mortgage debt. BNP Paribas was the first major bank to acknowledge the risk of exposure to the sub-prime mortgage market, and many look back at those days as the start of the worst financial crisis in American history since the stock market crashed in 1929. For a decade, America has been in a state of recovery. It took trillions of dollars in stimulus and bail outs. The real estate market almost collapsed on itself and millions were left unemployed. Some are still incapable of finding work and income that matched what they made back then. On the outside, America seems to be in complete recovery. Housing prices have bounced back, the DOW is soaring and unemployment rests at just 5.1 percent. However, some are skeptical. Americans are borrowing again at record rates. Credit is once again being offered abundantly and as people spend again – risk is climbing. Add in China’s shaky economy and there’s also talk of a double-bubble bursting. Understanding finance and economics is no easy task. It takes global understanding, a keen eye on micro and macroeconomics and sometimes a crystal ball. But on Wednesday, many people will remember exactly what they were doing when America’s economy tanked. So where are we now? Have we learned our lesson or are we doomed to repeat ourselves? Have the reforms on Wall Street worked or can the actions of a few big banks still derail one of the strongest financial engines in the world? None of these are easy questions to answer or explain. But experts from Missouri State University can help. Dr. David Mitchell is a Professor of Economics and Director of the Bureau of Economic Research at Missouri State. He is also an expert at economic forecasting and understanding market trends and direction. Dr. Mitchell can speak to the anniversary of the financial crisis and what may lie ahead for America’s economy. Click on his icon to arrange an interview. Source:
North Korea Rejects South Korea's Call For Talks: How High Will Tensions Escalate?
North Korea has been in the news a lot lately. Saber rattling, political posturing and missile testing by the hermit state have led to escalating tensions between the United States, South Korea and even neighbouring China. Earlier this month, Pyongyang claimed it successfully tested an ICBM, for the first time, of the type that experts believe could reach Alaska. But as the situation looked to boil over, tensions may have had a chance at simmering. Tongilgak - a North Korean building in the Panmunjom compound in the demilitarized zone between the two countries, which has been used for previous negotiations, was suggested by the South Koreans as a destination for talks between North and South Korea aiming to stop 'all hostile activities that raise military tension.' By early Friday morning, all intelligence indicated – that offer was rejected. The two countries that have been bitter enemies since 1950 remain opposed and unwilling to compromise. There’s a lot at stake – safety, the threat of global war and between the two countries, some families are still divided and incapable of meeting after more than half a century. So, is there a chance the two sides can find a diplomatic solution? Is this rejection just another tactic by North Korean leader Kim Jong Un to leverage more from the west in order to speak? Does North Korea have the ability to launch a missile that may reach American soil? There’s a lot more to this new alignment than a simple agreement and that’s where Missouri State University experts can help. Dr. Dennis Hickey is a global studies expert specializing in Asian politics and American foreign policy. He is a go-to source when media agencies require clear perspective and answers regarding this complex situation and region. Dr. Hickey is available for interviews. Click on his icon to contact him. Source:
On July 18, 2017 the federal government announced proposed tax changes which will have a significant impact on business owners. The main premise of the proposed changes is that the government feels it is unfair that an employed person with a T4 cannot do the same tax planning as a business owner; the proposed changes will limit what a business owner can do to save or defer tax. Here is a list of the areas that are impacted from the proposed changes for business owners: income splitting, capital gains exemption, pipeline planning, and the investment of retained earnings. These proposed rule changes are far reaching and will have a significant impact on small business owners/entrepreneurs, the very people often recognized for driving the economy and employment. The government has requested commentary from all stakeholders, but the consultation period is short – comments must be received by October 2, 2017. Don Scott, FCPA, FCA is a Partner and the Director of Tax Services at Welch LLP in Ottawa and is an expert in the fields of business, corporate taxation and finance. He is an excellent speaker and is available to speak with media regarding this important topic. Simply click on Don’s icon to arrange an interview. Source:
James Kendrick, Ph.D., associate professor in Baylor's Film and Digital Media department, is a nationally known expert on horror films. He is available to speak to media about the contributions and legacy of legendary director George A. Romero, who died on Sunday. Kendrick said: "Although he will forever be remembered as the chief architect the modern zombie film with his groundbreaking, low-budget black-and-white thriller 'Night of the Living Dead,' George A. Romero’s impact on both the horror genre and filmmaking in general reached much farther than the lumbering undead. He was an artist with a genuine social conscience, dark sense of humor, and clear understanding of how the current zeitgeist can make horror both more unsettling and socially relevant, which was key to the genre’s reinvention in the late 1960s and early ’70s. He was also a pioneer of American independent cinema, creating some of his most important films—including 'Night of the Living Dead,' the offbeat vampire film 'Martin,' and the shopping-mall-set 'Dawn of the Dead' — largely on his own terms outside the Hollywood studio system." Kendrick teaches classes on film theory/aesthetics, the history of motion pictures, media and society, the films of Steven Spielberg, violence in the media, and horror film. His primary research interests are post-Classical Hollywood film history, violence in the media, cult and horror films, media censorship and regulation, the films of Steven Spielberg, action films, and cinema and new technologies. Source:
Signed Off - Bass Pro Finally Reels in a Deal
Earlier this week, federal regulators finally signed off on the approval for Bass Pro to acquire rival Cabela’s for a projected $4 billion dollars. The deal includes Cabela’s retail and online properties, as well as the lucrative credit card unit that is part of the chain. Cabela’s shareholders are expected to vote July 11 on whether to accept the privately held Bass Pro’s offer of $61.50 per share. So, what will this mean for Cabela’s 82 locations and Bass Pro’s 95 retail stores? With Bass Pro’s one major rival acquired, how will it affect prices, competition and loyal customers? As well, with any acquisition or merger, there will be duplication. What can Bass Pro employees in Missouri or the 2,000 Cabela’s staff in Nebraska expect? There are many questions to be answered. This is where Missouri State University experts can help. Dr. Jeff Jones is an Assistant Professor in Finance and General Business at Missouri State. An expert in corporate finance, Dr. Jones has spoken with media previously regarding this developing business story. Simply click on his icon to arrange an interview. Source: