Business & Entrepreneurship

Entrepreneurs with business plans to make the world a better place will have 90 seconds to pitch their ideas to a panel of judges at 6 p.m. tonight in the next-to-final round of the annual YouthBridge SEIC (Social Entrepreneurship & Innovation Competition) in May Auditorium, Simon Hall, on the Danforth Campus.

C.J. Larkin, J.D., senior lecturer and administrative director of the School of Law’s Dispute Resolution Program, and several law students were instrumental in helping a team-oriented mediation address issues of perceived citizen disenfranchisement in Kirkwood, Mo.

WUSTL faculty from law and political science were quick to offer opinions to the news media about implications of a controversial Jan. 21 ruling by the The U.S. Supreme Court that will allow corporations and unions to spend freely in elections, a decision many expect to shift the balance of political power.

The Supreme Court’s decision to overturn campaign spending limits for corporations “strikes a serious blow against efforts to stem the dominance of corporations in our political process,” says Gregory  P. Magarian, J.D., constitutional and election law expert at Washington University in St. Louis.  “The Court overruled a longstanding decision that had struck a sensible, carefully drawn balance between the self-interest of corporations and interests of integrity and fairness in the political process.“

Steve Fazzari What will generate the growth necessary to put many of the unemployed back to work again?  That’s the question economist Steve Fazzari is asking as we move past the first recession of the 21st century.  “In the deep downturns of the 1970’s and early ’80’s, strong consumer spending growth led to strong recoveries. Unfortunately, I just don’t see that happening this time”  says Fazzari.  Includes video interview.

Banks and borrowers went on a leveraged consumption binge that led to the financial crisis in 2008 according to Anjan Thakor. And the entire economy is still feeling the hangover pain from the credit-fueled party that caused bank failures and forced foreclosures across the country. Thakor’s new research examines the cycles of leveraged borrowing by banks and consumers as a possible cause of the crisis. His new theory of ‘infectious leverage’ could help prevent future financial meltdowns.

Fed Chairman Ben Bernanke coined the phrase “the Great Moderation” back in 2004 to refer to the relative stability of the U.S. economy over the previous two decades. Many believe “The Great Recession” of the past two years has jolted the economy out of its moderate mode and back into a state of high volatility. Washington University in St. Louis economist James Morley disagrees. He argues the Great Moderation is alive and well and will help the economy recovery from this latest financial shock.

Olin Business School is taking its executive education programs on the road and due west on I-70. Destination: Kansas City. Senior faculty will offer the same top-ranked seminars and the 20-month Executive MBA degree program to Kansas City-based professionals as those offered on the St. Louis campus. Olin’s executive MBA program was established in 1983 and has been offered in conjunction with Fudan University in Shanghai, China since 2002. 

The School of Law’s 12th annual Public Interest Law & Policy Speakers Series continues Jan. 20 with the Dr. Martin Luther King Jr. Commemorative Lecture featuring John Payton, J.D., the director of the NAACP’s Legal Defense and Education Fund.

An international gathering of business executives will don caps and gowns for their graduation ceremony at the Olin Business School. Strobe Talbott, president of the Brookings Institution will deliver the keynote speech.