The Spending Freeze Isn't
President Obama's call for a three-year "spending freeze" on the federal budget is "optical rather than substantive," Edward Lazear, the Parker Professor of Human Resources management and Economics, said in a Wall Street Journal op-ed piece. "Given the spending agenda that is already in place, we can expect to see large increases in the proportion of GDP that is spent by our government for years to come."
Preventing Armageddon
Former Secretary of State George Shultz, and former Secretary of Defense William Perry, Sloan '50, are featured in Nuclear Tipping Point, a new documentary on nuclear dangers. The Project is coordinated by the Nuclear Threat Initiative, in cooperation with the Hoover Institution.
A free DVD is available at the project's website.
Health Care is Hurting Democrats
The majority party normally loses seats in midterm elections, but the Republican resurgence of recent months is more than a conventional midterm rebound. The culprit is the unpopularity of health reform, and it means that Democrats will face even worse problems later this year in less liberal places than Massachusetts say Professors David Brady, Daniel Kessler, and Douglas Rivers in an op ed piece in the WallStreet Journal.
Don't Tax Efficiency in Health Care
Practically all taxes distort economic incentives to some extent, opines Stanford Business School healthcare expert Alain Enthoven. But taxes on health care currently under consideration by the Senate Finance Committee are particularly perverse. Instead of promoting prepayment and integrated care with the right incentives -- the best long-term strategy for keeping coverage affordable -- this policy moves us in the wrong direction.
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News, Ideas, People
A digest of the latest news from the Stanford Graduate School of Business
Tending Haitian Earthquake Victims
A small child who is a triple amputee offered him a bite of cracker. A former ballerina who had part of her leg amputated traded contact informaion. Dr. Paul Auerbach, Sloan '89, a professor of surgery from Stanford Medical School, talks in his blog about his experiences in Haiti as the coordinator of medical services for nongovernmental agencies.
Whole Foods' John Mackey Is Out to Change American Business
John Mackey, the CEO of Whole Foods Market chain, has loftier goals than getting Americans to eat healthy foods, one of the missions of his grocery empire. He is out to change American business as well, putting it on the path to higher consciousness.
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News and Events
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Electric Cars Are Alive and Well, Says Carlos Ghosn
The electric car, a vehicle that was practically gone before it arrived, is anything but dead, Carlos Ghosn, the widely celebrated CEO of both Nissan and Renault, told a Stanford Graduate School of Business audience.
Balance of Power Shift Coming Says Wolfensohn, Former World Bank President
In the next 40 years, a global power shift will see today's leading economic countries drop from having 80% of the world's income to 35%, says John Wolfensohn, former World Bank president. By 2030, two-thirds of people in the world's middle class will be Chinese.
Conservation Champion Robert Augsburger Dies
Robert R. Augsburger's teaching career gave him a chance to share all he had learned about nonprofit management with thousands of MBA students "who are 'out there doing it.' "died on Dec. 31 at his home in Portola Valley.
Profile of Augsburger class (From Stanford Business 1990)
Pulin Sanghvi Named Director of Career Management Center at
Stanford Graduate School of Business
Pulin Sanghvi, MBA '97, has been named assistant dean and director of the Career Management Center which offers career counseling and placement services for business school students.
Don't Invest in Russia Today, Warns Bill Browder
Hermitage Capital Management went from $25 million to $4 billion by investing in undervalued Russian companies. Today its founder, Bill Browder, MBA '89, says anyone investing in Russia long term "is out of their mind."
- Transcript of Presentation (.txt)
The Right Decisions Aren't Always Easy, Says Avon's Jung
Andrea Jung stuck with a company she loved. Today, she's turning heads, as Avon's CEO. The firm is a success story in a brutal economic climate.
Networking Is More Than Lots of Names, Says Heidi Roizen
Networking is more than having a hefty collection of business cards and attending A-list parties. Heidi Roizen has been a Silicon Valley CEO, a venture capitalist, and a corporate board member but "the homework never ends," she told students.
- Watch Construction Progress at the New Business School Campus
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Stanford Business magazine
Innovators in Communication
Alums from Grupo Reforma, Ning, and Youku show how their companies are adapting to a rapidly evolving information marketplace. 
Mathematical Healer
As an operations researcher and professor, Stefanos Zenios aims to improve health care and make it more accessible.
Improving Animal Care
Christine Benninger, MBA '78, and
Elena PernasGiz-Battles, MBA '04, develop a warmer community center for strays, pets and their owners at Humane Society Silicon Valley.
Read Stanford Business magazine online
New Research
Posting Calorie Counts in Restaurants Lowers Customers' Calorie Purchases Per Visit
Starbucks' customers purchased 6% fewer calories per visit at chain outlets that posted calorie counts without substantially affecting revenue say Stanford Graduate School of Business researchers Bryan Bollinger, Phillip Leslie, and Alan Sorensen.
Outsourcing May Be Slowing Down Apparel Firms
Designing fashion products quickly to capture the latest consumer trends, and then spending extra money to get them to market quickly, can be well worth the extra expense and can increase profits exponentially, says Stanford Graduate School of Business Professor Robert Swinney, coauthor of a recent study.
Why Trust Can Get You Into Trouble
"Why do people trust, why can trust get us into trouble, and what we can do to protect ourselves?" asks Professor Rod Kramer. After looking at the financial industry he was surprised by "the level of abuse of trust throughout the financial industries: its magnitude, its pervasiveness, and its duration."
People Like to Play the Blame Game
Pointing fingers can ruin a company's morale, according to a new study co-authored by organizational behavior Professor Larissa Tiedens
Eliminating Sales Quotas May Stimulate Profits
Eliminating sales quotas boosts company profits says Professor Harikesh Nair. In one case, the new sales compensation plan without quotas resulted in a 9% improvement in overall revenues, which translates to about $1 million of incremental revenues per month.
Prejudice Fuels Opposition to Obama's Plans
Individuals' who demonstrated implicit racial prejudices were reluctant to vote for President Barack Obama in the 2008 election and demonstrate opposition to his health care reform plan, according to a study coauthored by Stanford Graduate School of Business Professor Brian Lowery. They were more likely to support a health care reform proposal attributed to former President Bill Clinton than the same proposal from Obama.
Cost of Reducing CO2 Emissions Could Plunge
The financial impact of regulating coal-fired power plants that produce carbon dioxide emissions under a cap-and-trade system will be much less than previously projected according to research by Stanford Business School Professor Stefan Reichelstein and doctoral student Ozge Islegen.
Believe Me, I Have No Idea What I'm Talking About
Experts can be more persuasive by expressing uncertainty, argues Stanford Graduate School of Business marketing professor Zakary Tormala.
Slowing Introductions of New Electronic Products Reduces E-Waste
Some types of regulations governing disposal of electronic waste can reduce the world's mountains of devices waiting to be recycled, while they also slow the rate of new product introductions says Stanford Graduate School of Business Professor Erica Plambeck.
Services Market Is Key to Open Source Software
Open source software has become a major and fast-growing presence in the computer industry in recent years. Professor Tunay Tunca of Stanford Graduate School of Business and his co-authors argue that the key factor in whether to create open source software is the strength of the market for support, integration, and related services for such programs.
Elsewhere at Stanford
- Keys to Effective Career Negotiations for Women
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Wall Street Journal 1.10.10 John Taylor: The Fed and the crisis: a reply to Ben Bernankey
