Friday, July 27, 2007

What's Hot

What's Hot
(Podcast with Transcript)

Jeremy Siegel: Snapshots of the U.S. and Other Markets

The crisis involving sub-prime housing loans continues to batter U.S. markets. Treasury bills have been rising for months because of fears that losses on sub-prime real estate loans could slow the growth of the economy. On the other hand, the stock market has been soaring: The Dow Jones Industrial Average shot past 14,000 and continues to hover at that level. What do these trends mean for investors? Wharton finance professor Jeremy Siegel discussed these issues and more -- including economic growth in China and the impact of the strong Indian rupee -- with Knowledge@Wharton.


Robbing the Cradle? If Marketers Get Their Way, That Bundle of Joy Can Cost a Bundle

Just a decade ago, a company called Baby Einstein helped launch a new line of educational videos and toys that many parents believed would put their toddlers in the fast lane to success. The company was soon joined by others that promoted educational and entertainment products for babies and the under-three-year-old set, including The Baby Prodigy Company and Brainy Baby. But recently some child advocacy groups -- and the author of a new book -- are warning parents to rethink the products and the messages behind these campaigns.

Law and Public Policy
'Quality Fade': China's Great Business Challenge

Recent media reports detailing a series of quality problems with Chinese-made exports -- pet food tainted with prohibited chemicals, toys covered with lead paint and tires that fall apart at high speed -- have alarmed the American public and resulted in a number of international product recalls. In this opinion piece, Paul Midler, founder and president of China Advantage, a services firm that provides outsourcing and supply chain management to U.S. and European companies, discusses what he calls "quality fade" and a number of related challenges that face Chinese manufacturing.

Strategic Management
Feel Free to Move About the Airport: Turbulence Continues to Roil the Airline Industry

Wharton professor Serguei Netessine, who recently had to spend the night in an airport hotel after being kicked off an overbooked evening flight, is one of thousands of airline passengers this summer who have been stranded on runways or sleeping in airports. While airline service is no longer the white-glove experience it once was, it has recently gone beyond bad food and snappish flight attendants. "Previously, airlines worried about dissatisfied customers. Now I don't think they worry about it because the customer service at all airlines is so horrible," says Netessine. Knowledge@Wharton looks at the current state of the airline industry.

Leadership and Change
Some Free Advice for Yahoo CEO Jerry Yang

Yahoo co-founder Jerry Yang is about to find out that being a CEO is a lot different than being the ceremonious Chief Yahoo, as he was called until last month. Yang, who became Yahoo's new CEO on June 18, faces a daunting to-do list that includes reinvigorating the company, closing a performance gap with Google, thwarting challenges from social media sites such as Facebook, delivering financial results that make Wall Street cheer and charting a course for the future. His first deadline comes in about 100 days. Knowledge@Wharton asked faculty members for advice on how Yang should handle this management challenge.

Law and Public Policy
The Impact of Good Governance on International Investing: The 'Home Bias' Effect and Other Issues

Following accounting and governance scandals at Enron and other U.S. companies, policymakers in the United States and elsewhere responded by establishing new corporate governance rules, including the Sarbanes-Oxley Act. Now, after complaints from the business community that regulations are hurting profits, some countries are taking a second look at post-Enron reforms. But according to research presented during a recent conference on international corporate governance -- sponsored by the Weiss Center for International Financial Research at Wharton -- countries should think twice about loosening governance regulations.

Leadership and Change
IMAX CEO Richard Gelfond on What's Next for the Big Screen

For big-screen movie company IMAX, the past several weeks must have seemed like the best of times and the worst of times. The recent opening of Harry Potter and the Order of the Phoenix was the largest and most successful in IMAX history. Yet despite the record box office, the company's stock price remained moribund as it delayed its financial filings to restate its revenue recognition for the years 2002-2005 and responded to an informal inquiry from the SEC. This was not the first challenge faced by Richard Gelfond and Bradley Wechsler, who share the titles of chairman and CEO. Knowledge@Wharton recently spoke with Gelfond at IMAX's corporate headquarters in New York about the company's plans for the future.


Articles from Around the Network

Universia Knowledge@Wharton
Why Brazil Has Become One of the Top Four Investment Destinations in the World

Along with China, India and Russia, Brazil is overflowing with opportunities for foreign investors. It is also leading the way in Latin America's economic development. In 2006, it was the third largest economy in the western hemisphere and the 11th largest in the world. The legislative reforms of the Lula Da Silva government are boosting cooperation between the public and private sectors, trade imbalances are improving, and the economy has shown strong signs of stabilizing. "It is a country where you have to be," notes one expert. Nevertheless, a number of experts say, Brazil must continue with the reforms now underway in order to maintain its upward momentum.

China Knowledge@Wharton
Is China's Luxury Goods Market a 'Pot of Gold' for Marketers?

The luxury lifestyle is hot, as evidenced by the 2007 Millionaire Fair held in Shanghai in June. The show, twice as big as the one in 2006, displayed 150 top global brands to 14,000 mainly middle-class consumers. Already the third-largest global market for luxury goods, China is poised to eventually take over the number one spot. What is behind this growth in luxury goods, and in what ways is the China market unique? China Knowledge@Wharton explores these issues.

India Knowledge@Wharton
Shiv V. Khemka: 'The Days When International Oil Companies Controlled the Global Energy Business Seem to be Drifting By'

During the recent 2007 Wharton Economic Summit, Knowledge@Wharton recorded a series of podcasts with speakers and panelists at the event, whose theme was "Next Moves in a Global Economy." Among those interviewed was Shiv V. Khemka, vice chairman of the SUN Group, a significant investor in emerging economies such as Russia, India and the Middle East. Khemka spoke about opportunities in the natural resources businesses, on which the group has been focusing for the past two years. "We believe that as the demand for natural resources continues to grow over the next 15 to 20 years, not only in the Western world but also in the emerging markets, resource holders and those who have access to these fast-growing markets will benefit tremendously," Khemka says. "The days when the international oil companies controlled the global energy business seem to be drifting by."
Rodrigo González Fernández
Renato Sánchez 3586 of. 10
Telefono: 2084334- 5839786