All posts by NYBusDist

The Changing Face of College Education

As a student, it is imperative to examine the end goal when choosing an educational path.  Especially given the perpetual growth of technology and the impact that has, one must be fully aware of possibilities of job opportunities in the future. As such, colleges have an important role here: to look at what subjects must be offered.

Thankfully there does seem to be awareness of this. At a recent roundtable discussion held in NYC, President G.P. “Bud” Peterson – the 11th President of the Georgia Institute of Technology – said:

“Higher Education is going to change. It’s going to have to change. What is that new model of higher education going to look like?”

At the event – organized by Georgia Tech – the conclusion reached by Peterson was threefold:

  1. Education is in flux from a calendar-based to a knowledge-based curriculum.
  2. Students will not be deemed successful just from a four-year course attendance; new definitions of success will have to be determined.
  3. Students (as well as teachers) will be recognized as educators.

Meanwhile, in an effort to reduce cumbersome college fees, some top academic institutions are removing that obstacle.  This summer, New York University School of Medicine announced that 500+ of its students will be eligible for free tuition – instead of paying the $55,018 annual fee for 2018-19 academic year. This will not depend on fiscal need/academic performance.  Students will just need to pay for other fees like housing and material (amounting to less than $30,000).

Other colleges throughout America are adopting similar low fee/no fee programs.

New York Firms Rebranding

It’s more than a name obviously but when a successful company changes it, one has to wonder why.  New York & Company – the successful corporate women’s apparel firm – will soon become RTW Retailwinds next Monday. As part of its rebranding move, this will be the name under which it will be traded on the NYSE on November 20; with the RTW ticker symbol.

It’s not just the name that is changing though. For rebranding purposes there are other transformations being undertaken such as an expansion of Fashion to Figure (its plus size brand) as well as a brand new lingerie lifestyle brand and a Kate Hudson casual lifestyle collection.  Greg Scott, CEO of the firm explained:

 “RTW reflects our vision to maximize the power of our platform to create destination celebrity and lifestyle brand assortments across categories and channels. We move forward strongly positioned to continue our expansion of NY&Co, expanding celebrity brands with the upcoming launch of Kate Hudson and entering intimate apparel – a core competency of our team.”

Over in Buffalo, We Care Transportation (Buffalo’s most expansive non-emergency medical transportation provider) is ditching its name to become Cedar Bus Co.  In its explanatory press release it was written that:

“The change reflects the organization’s evolution and ongoing commitment to clean energy and the communities they serve.”

In time for its 5th anniversary, Figliulo & Partners will simply become Fig, in some measures “to tie together the agency’s many developments since it opened in 2013.”

NY & Clean Transportation

Clean transportation has become a priority in NY. Several programs encourage clean transportation:

  • Evolve NY is a $250 million electric vehicle expansion program that will help accelerate NY’s goal to launch 10,000 electronic vehicle charging stations by 2021.
  • The Drive Clean Rebate Program gives NY residents a rebate of approximately $2,000 for the purchase of a new hybrid or electric car from participating car dealers
  • Other incentives include discounts on toll charges for drivers who carpool using NY EZ Pass, also known as the Carpool or Green Pass Plan
  • As an alternative to driving, consumers are encouraged to bike to work. In NYC, Citibike has 12,000 rental bikes available in 60 neighborhoods.

By committing to change, clean transportation can become a reality.

Making Money in New York

While people believe that living in New York can be crippling due to its expense, a recent article in Work at Home Adventures presented the Top 12 Ways to Earn Money Fast in New York City.

If you’re fascinated by the hype and pace of NYC, why not remove your clothes and become an art model?  Making between $20-30 an hour there seems to be no shortage of opportunities for those comfortable in their bodies and “unafraid to pose in front of strangers.”

Mike Brassfield wrote a similar article on his Penny Hoarder blog. He presented money making options including dry cleaning delivery, Lyft/Uper driving, Airbnb rental and work from home positions through reputable ZipRecruiter.

UK-US International Trade Day

Hosted by Her Majesty, Dr. Liam Fox, the UK-US International Trade Day took place earlier this week, 22 October on the Royal Navy’s HMS Queen Elizabeth HMS. A few days before the event, “US Treasury Secretary, Robert Lighthizer, announced that the US intends to begin negotiations towards a UK-US Free Trade Agreement after the UK leaves the European Union.”

At the event, the Department for International Trade (DIT) set up a roundtable giving a various top cyber companies from the UK (including: Garrison, iProov and Tessian) an opportunity to present their technology and software to US Fortune 500 companies.  The goal of this is to create new deals.

The event was exceedingly important for both countries, as Dr. Fox explained:

“The United States is one of our closest allies, our largest single bilateral trading partner and we will see that bond continue to strengthen as we leave the European Union. This ‘trade day’ will see some of the UK’s most innovative businesses meeting their US counterparts as we continue to combat growing overseas cyber threats together. My international economic department is currently consulting on the potential of a future free trade agreement with the US, and I would strongly encourage British businesses and the public to make the most of this opportunity to share their thoughts on what this deal should include.”

Another goal of the event was to work together to fight against international cyber attacks.

 

Mom and Pop Stores: Do They Exist in NY?

It’s common knowledge that small, individually owned businesses—affectionately named “mom and pop shops”—have been replaced by large franchises.

New York, like many big cities, has experienced this trend. Rising real estate costs have driven out many small business owners. As these stores vanish, they often take personal histories with them.

One NY couple, Karla and James Murray, have been documenting this evolution through a project titled Store Front: The Disappearing Face of New York City. This couple have compiled pictures and interviews of mom and pop stores since the 1990s.

“And sadly in 2018, it’s over 80 percent that are closed now that are included in the book,” Karla says sadly.

The couple have also created a sculptural installation of mom and pop stores inside Seward Park in NYC.

Other New Yorkers, who develop friendly connections with personnel at larger chain stores, are unfazed by this phenomenon. “Some franchising gets a bad rap, but that person is still a small-business owner,” said John Armstrong, the owner of the franchising consulting firm FranNet of New York City. “They’re still putting in their capital, time and effort — they’re just going a different route.”

Hedvig Hricak Receives David Rall Medal

In 2002, Hedvig Hricak was elected to the Institute of Medicine of the National Academies – America’s “most prestigious medical society.”  Since then her work in the field has given rise to significant recognition, as her recent acceptance of the David Rall Medal illustrates. (Hedvig Hricak‘s bio from the European Society of Radiology.)

The medal – “awarded to a member of the National Academy of Medicine who has demonstrated particularly distinguished leadership as a chair of a study committee or other such activities in a manner that was particularly exemplary, demonstrating a commitment substantially above and beyond the usual expectations of a committee chair” – was presented to Hedvig Hricak in recognition of her “valuable contributions to the activities and efforts of the NAM and National Academies.”

The two other honorees this year were Elaine L. Larson and Nicholas Peppas.  Larson holds a few roles including: senior associate dean of scholarship and research,  Anna C. Maxwell Professor of Nursing Research, and Columbia Professor of Epidemiology.  Peppas is: a professor and director of the Institute for Biomaterials, Drug Delivery, and Regenerative Medicine and the Cockrell Family Regents Chair in Engineering #6 at Texas University.