Jun 13 - Jun 26 What's Hot

 

Jun 13 - Jun 26

What's Hot
(Podcast with Transcript)
Jeremy Siegel: Rising Bond Yields Mean Trouble for All Markets
U.S. financial markets were battered at the end of last week because of a dramatic sell-off of Treasury bonds. The yield on 10-year bonds, which has been rising since May, neared the critical barrier of 5.25% on June 8 -- the highest level in five years. Media reports suggest that turmoil in the bond market could continue this week, making investors anxious about whether interest rates might go up and bring to an end the period of cheap money that has buoyed up asset markets and also funded a world-wide boom in mergers. Why are bond yields so high? What do these developments mean for stocks and other asset classes? Knowledge@Wharton discussed these questions with Jeremy Siegel, a professor of finance at Wharton, and author of The Future for Investors.
http://knowledge.wharton.upenn.edu/article/1759.cfm

Strategic Management
(Podcast)
Murdoch and Dow Jones: Is This Good News or Bad?
In April, Rupert Murdoch made a $5 billion offer to buy Dow Jones and Co., which publishes the Wall Street Journal and also owns Dow Jones Newswires and Marketwatch.com. The Bancroft family, majority owners of Dow Jones, initially rejected the offer but came back several weeks ago to say they would consider it, along with offers from any other groups. Murdoch's move has dismayed some Journal staffers, who worry that the paper's editorial quality and objectivity will suffer. Murdoch, though, seems to have more in mind for this acquisition than just getting control of the Journal. Knowledge@Wharton asked Wharton management professor Larry Hrebiniak and Joseph Turow, professor of communication at the Annenberg School, for their thoughts on this possible deal.
http://knowledge.wharton.upenn.edu/article/1758.cfm

Law and Public Policy
On the Fence: Are Illegal Immigrants Good or Bad for the U.S. Economy?
Last week, the United States' first major immigration reform bill in two decades collapsed in the Senate. Buried in the ongoing debate was the potential economic impact of a measure that could change the composition of America's workforce in significant ways: By cracking down on illegal immigration, the legislation could constrict the future supply of low-skilled workers, while a move to skill-based visa evaluations could provide more workers for booming high-tech industries. Meanwhile, it isn't exactly clear what impact the country's 12 million illegal residents have on its economy. Experts from Wharton and elsewhere weigh in.
http://knowledge.wharton.upenn.edu/article/1754.cfm

Marketing
Beware the 'Walking Dead': Analyzing Customer Data from a Multi-Service Firm
Think of them as the "walking dead," a type of customer who currently maintains service with a particular company, but whose next action will most likely be to discontinue that relationship, according to a new study that examines how the customers of a telecommunications firm acquire and discard services over time. The paper -- "Modeling the Evolution of Customers' Service Portfolios," by Wharton marketing professors Peter Fader and Eric Bradlow and a former Wharton PhD student -- focuses in part on whether it is possible to predict future purchasing patterns by looking at past buying behavior.
http://knowledge.wharton.upenn.edu/article/1756.cfm

Managing Technology
New Products (Like the iPhone): Announce Early or Go for the Surprise Rollout?
When it comes to rolling out new goods and services, companies tend to choose one of two strategies as a way of generating interest in their products, whether it's Apple's iPhone or Microsoft's Surface Computing effort. One is pre-announcing the product to give customers, partners and even competitors advance notice of what's to come. The second approach is the surprise unveiling, where a company hopes to make a big splash by giving few advance hints about an upcoming release. Which approach is best? It depends -- on the product, the company and its position in the market, say experts at Wharton.
http://knowledge.wharton.upenn.edu/article/1752.cfm

Insurance and Pensions
You've Worked Hard, Saved and Just Retired: How Do You Manage Your Finances Now?
As baby boomers retire and start spending their nest eggs, they will need new financial products to make their money last, according to speakers at a recent Wharton Impact Conference titled, "Managing Retirement Payouts: Positioning, Investing and Spending Assets." The conference explored emerging patterns in spending during retirement and debated new ideas to help retirees manage their finances after leaving the workforce.
http://knowledge.wharton.upenn.edu/article/1755.cfm

Finance and Investment
Do's and Don'ts for Investors in Global Distressed Asset Markets
Lucrative deals are hard to come by these days for investors looking to extract value from distressed companies around the world. As global markets become increasingly sophisticated, success will be determined by those who know how to navigate local corporate, legal and cultural terrains. At the 2007 Wharton Restructuring Conference, turnaround consultants and distressed asset investing experts noted that calibrating strategies for individual markets, obtaining accurate information and building trust are more important for a successful outcome than spreadsheets and financial models. "What you don't know will kill you," one panelist said.
http://knowledge.wharton.upenn.edu/article/1753.cfm

Health Economics
Can Anyone Make Sense -- or Money -- Out of Personal DNA Testing?
It seemed only right that James Watson, who co-discovered the structure of DNA with Francis Crick and Rosalind Franklin, was the first to receive a DVD holding the sequence of his own DNA produced by 454 Life Sciences, a division of the Swiss drug giant Roche, and academic researchers. While DNA mapping technology under development at Roche and other companies has the potential to bring the long-awaited era of personalized medicine closer, there are enormous ethical, legal and investment hurdles to building successful business models based on decoding an individual's DNA, according to Wharton faculty and executives in the industry.
http://knowledge.wharton.upenn.edu/article/1757.cfm

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Articles from Around the Network

Universia Knowledge@Wharton
Doubts about the Chinese Stock Market? Consider the Hot Investment Climate in Latin America
Share prices on the Chinese stock market have gained 60% so far this year and 130% over the past year. Yet returns this spectacular have spawned distrust because they are so high compared with markets in the United States, the United Kingdom and Germany. Alan Greenspan, former president of the Federal Reserve, has called this situation "unsustainable." The government of China has tried to cool down its economy, but international investors have begun to lose confidence in the Chinese market and to take their money to other markets -- such as Latin America. For the third consecutive year, Latin American markets have provided investors with returns that are among the best in any emerging market. Nowadays, the Brazilian stock market is the favorite place to invest.
http://www.wharton.universia.net/index.cfm?fa=viewfeature&id=1362&language=english

India Knowledge@Wharton
(Podcast)
3G Mobile Service: India's Next 'Sunshine Infrastructure Story'?
"Network not available": Anyone who has tried to make a call over a mobile phone in Bangalore or Mumbai dreads those chilling words. As India's mobile market has exploded in recent years to more than 170 million users, and as seven mobile operators compete for that growing customer base, spectrum space has gotten tighter and the quality of service has diminished. As a possible solution, last year the Telecom Regulatory Authority of India began looking into offering third generation, or "3G", mobile services in India. To understand the challenges involved in developing 3G mobile telephony for the Indian market, India Knowledge@Wharton spoke with Ravi Bapna -- a professor of information systems at the Indian School of Business in Hyderabad and executive director of the school's Centre for Information Technology and the Networked Economy -- and Arun Sundararajan, a professor at New York University's Stern School of Business.
http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4200

China Knowledge@Wharton
Gordon Wu Sees Huge Opportunities in China's Rapid Urbanization
In the late 1970s, when China was opening up its economy to encourage growth, Gordon Wu emphasized that the country would have to develop infrastructure -- superhighways, bridges and power plants -- if it wanted to modernize. Although skeptics paid little attention to him back then, time has proved him right. Today China has the highest number of superhighways after the U.S., and its economy, fueled by rapid infrastructure development, is among the fastest growing in the world. Wu's Hong Kong-based firm, Hopewell Holdings, has been a pioneer in this field for nearly 30 years. At the Wharton Global Alumni Forum, held in Hong Kong, on May 26 Wu presented his personal perspective on China's development and shared his insights on China's -- and Hong Kong's -- past, present and future.
http://knowledgeatwharton.com.cn/index.cfm?fa=viewfeature&articleid=1644&languageid=1

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