In the News
President Obama defined the criteria this week for the proposed Keystone XL pipeline that would carry heavy crude from Alberta, Canada, to American refineries, and must not “significantly” worsen global warming. Amy Myers Jaffe, executive director for energy and sustainability at UC Davis, says there is a huge amount at stake for the oil companies who will have to develop cleaner technologies.
Fatherly financial wisdom: Most of us gleaned a few valuable nuggets from our dads while growing up.
In fact, 33 percent of people said their main source of guidance on money matters was from “my parents or at home,” according to a recent financial literacy survey by the National Foundation for Credit Counseling.
Carl Schramm — banker, author, educator and former CEO of the Ewing Marion Kauffman Foundation — is the commencement speaker Saturday for the 2013 graduating class of the Graduate School of Management at the University of California Davis.
“Our students and entire community have benefited greatly from Carl Schramm’s teaching, thought leadership and expertise,” said Steven Currall, dean of the UC Davis Graduate School of Management, in a news release. At the commencement, “Carl is poised to share a powerful and inspiring message.”
While U.S. oil production has increased sharply in the last five years, crude from Saudi Arabia still influences global prices and will for some time, panelists said Wednesday at a forum on energy markets.
The international oil market still depends heavily on Middle East oil exports, and a sudden disruption to its supply in Saudi Arabia would have broad implications for the U.S., said Amy Myers Jaffe, executive director of energy and sustainability at the University of California at Davis.
Baked into most stories of technology revolutions is the misconception that new technologies disrupt older ones because of some distinctive advantage. Sometimes it’s just the opposite, according to UC Davis Graduate School of Management Professor Andrew Hargadon as part his series for Capital Public Radio.
Professor Kim Elsbach says accomplishing big change is always difficult. One key part is “treating people with respect and dignity during the process of change,” she said, “using respectful language, not making insensitive comments. If those things are followed, any big change is going to be more successful.”
Associate Professor Ayako Yasuda shares the pros and cons of when an entrepreneur should or shouldn’t seek venture capital financing.
OPEC has lost power as oil production booms in other countries, particularly in the U.S. “They’ve basically already shot themselves in the foot,” says Amy Myers Jaffe, UC Davis executive director of energy and sustainability, who explains how OPEC spurred the U.S. to find its own oil.
It’s Mutual, We Don’t Like Hidden Fund Expenses: Professor Roger Edelen’s research shows that antsy fund managers trading holdings run up hidden costs that are higher than the funds’ declared expenses and have a significant negative impact on returns. Another good reason to stick with index investments.
Graham Ryland is passionate about creating robots that inspire young people to pursue careers in engineering and science. He focused on modular robotics for his graduate work at UC Davis, and was bitten by the entrepreneurship bug at the UC Entrepreneurship Academy in 2008—an early experience with the Child Family Institute for Innovation and Entrepreneurship that has deepened into a rewarding relationship. In 2010 Ryland founded Barobo Inc., an educational robotics start-up, with his faculty advisor, College of Engineering Professor Harry Cheng.
Exxon Mobil has been accused of discrimination against gay, lesbian and transgender workers, Amy Myers Jaffe, executive director for energy and sustainability at UC Davis, says Exxon is mistaken to think its current stance will not be harmful to its company in the long term.
As the Bloomberg terminal scandal plays out, two camps are ratcheting up arguments. This is overblown. And we need to regulate electronic platforms.
But amid the controversy, the data breach offers uncomfortable lessons about how we conduct modern business in a digital era—and how we’re unprepared to ensure online transactions remain secure and private.
Professor Don Palmer weighs in on the lessons to be learned as the Bloomberg terminal scandal plays out.
Expense ratios are not the only cost you should be thinking about when investing in mutual funds. There’s another significant cost that’s harder to quantify, isn’t disclosed, and remains largely invisible: expenses from the trades that the fund manager makes. “On a practical level, given the current state of affairs, trading costs really are an invisible cost,” says Associate Professor Roger Edelen.
Davis-based robot maker Barobo Inc. is launching a $40,000 Kickstarter campaign Friday to jump-start sales of its new Linkbot educational robots.
The 2011 startup company develops, manufactures and markets educational robots that are programmable and can be configured to move in a variety of directions. They are modular and can be used in a series or can be used as individual units. New York-based Kickstarter is a leading crowd funding site.
According to Brad Barber, finance professor at UC Davis, human creativity still plays an important role in investing because there are some things a computer either can’t do or can’t do well, including determining whether the patterns that emerge from data crunching make sense.
Sometimes innovation requires constraints, according to UC Davis Graduate School of Management Professor Andrew Hargadon in his series for Capital Public Radio.
Many wine industry executives are hopeful that “frugality fatigue” has set in with wine drinkers, who traded down from luxury bottles to lower-priced wines during the recession.
Wine executives are reporting optimism about the future, said Robert Smiley, former dean at the UC Davis Graduate School of Management, presenting results of an annual survey of wine industry executives.
“We’re going to move back, but slowly, and not all the way back for a long time,” Smiley said. “We may not return to previous levels of conspicuous consumption.”
Innovation is at the heart of growth in any new sector, especially STEM-related ones, and the best driver of innovation is a diversity of perspectives, experiences, and expertise at the table. Interesting article about the lack of women in the Clean-Tech sector and how we can level the playing field. Amanda Kimball is quoted
(women) will stand out as being unique and bringing something new to the table…. women bring a perspective to the table that businesses are sorely lacking right now…” says Amanda Kimball, author of our UC Davis Study of California Women Business Leaders
- Amanda Kimball
Green Living: Professor Nicole Biggart joined executives from American Honda Motor to break ground on the Honda Smart Home at UC Davis, a showcase for environmental innovation and
renewable energy enabling technologies.
Shale boom? Amy Myers Jaffe, executive director of energy and sustainability, says California’s dream of billions in windfall oil revenue from the Monterey shale deposit running through the state may fall short as industry efforts are only receiving mixed results. Jaffe says the shale is more expensive to explore than other shale because of its many layers and complexity.