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Rick Franke on Bauer Business Focus, June 29, 2012

Posted June 27th, 2012 - No Comments

Rick Franke, president of Junior Achievement of Southeast Texas, stopped by Bauer Business Focus recently to discuss how his organization is helping educate high school students on financial literacy.

On Bauer Business Focus — A conversation on promoting financial literacy to high school students with Andrew Schneider, business reporter for KUHF 88.7 FM.

Since 1919, Junior Achievement has focused on teaching the concepts of business and economics. In recent years, the organization has emphasized financial literacy for high school students, a result of the recent economic downturn, according to Rick Franke, president of Junior Achievement of Southeast Texas

Franke stopped by Bauer Business Focus recently to discuss how his organization is giving teens the tools to budget and plan.

“Historically it has been the parent’s responsibility to teach their children financial literacy, and that’s not happening ,” Franke said. “The unfortunate thing is a lot of parents don’t understand how to manage their finances so you see the cycle repeat itself.”

Generations of Americans are growing up without proper understanding of basic financial practices, a statistic Franke says is a contributor to the country’s economic crisis.

“When you look at our whole economic picture, there are a lot of filings for bankruptcy and people getting in trouble for misuse of credit cards, and it’s been an escalating crisis in America that needs to be addressed.”

Click here to hear the full interview.

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John Walsh on Bauer Business Focus, June 22, 2012

Posted June 21st, 2012 - No Comments

“Houston has historically been an open society that’s welcoming but more importantly, we continue to stand out in employment opportunities,” said John Walsh, director of the Graduate Real Estate Program at the C. T. Bauer College of Business.

On Bauer Business Focus — A conversation on what’s driving people to move to Houston with Andrew Schneider, business reporter for KUHF 88.7 FM.

The American Moving and Storage Association recently ranked Houston the No. 3 most popular moving destination, a designation that brings many opportunities for the city, according to  John Walsh, director of the Graduate Real Estate Program at the C. T. Bauer College of Business.

He visited Bauer Business Focus recently to discuss the factors that are helping Houston a prime choice for people looking to relocate.

“The choices of where you would live relate primarily to what kind of employment opportunities there are,” Walsh said. “Houston has historically been an open society that’s welcoming but more importantly, we continue to stand out in employment opportunities.”

While employment opportunities play an integral role in moving popularity, Houston’s low cost of housing is also a factor, he added.

“The city’s popularity as a destination is also tied to the cost of housing. We’re a relatively unregulated marketplace as compared to most other cities in metropolitan areas so our cost of housing is about half of what it is in regulated marketplaces, so you get a lot more residential opportunities here for less money than you do in other places.”

Click here to hear the full interview.

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Hesam Panahi on Bauer Business Focus, June 15, 2012

Posted June 12th, 2012 - 1 Comment

Hesam Panahi, clinical assistant professor in Bauer College's Department of Decision & Information Sciences, stopped by Bauer Business Focus recently to discuss how his new mobile application course combines technology with business principles.

On Bauer Business Focus — A conversation on connecting technology and business with Andrew Schneider, business reporter for KUHF 88.7 FM.

There’s an app for everything. Need help locating a restaurant? Try UrbanSpoon. Need to find movie show times? Scroll over to Fandango. As smart phones and even smarter consumers change the way they search for information, a new course focusing on mobile application development has emerged at the C. T. Bauer College of Business.

Hesam Panahi, clinical assistant professor in the college’s Department of Decision & Information Sciences, stopped by Bauer Business Focus recently to discuss how the course he teaches combines technology with business principles.

“What we’re really trying to do is to get a technology that is cutting edge and popular and find a way to add a business case to it,” Panahi said. “We want to emphasize that it’s great to create a mobile app, but you have to consider a lot of questions that are essential for any business in addition to the development of the app itself.”

Students in the inaugural course divided into teams consisting of two developers, one businessperson and a creative function. Halfway through the semester, the teams were prototyping, iterating and talking to customers to identify if the app was solving a customer problem.

“Our students were able to go out and have customers try out their apps and in return, receive very valuable feedback. The goal of this course is to get business students who have these great app ideas to have some type of contact and experience with this potential market.”

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Daniel Johnson on Bauer Business Focus, June 8, 2012

Posted June 5th, 2012 - No Comments

Daniel Johnson, partner at Sutherland, Asbill & Brennan, stopped by Bauer Business Focus recently to discuss how the 2012 hurricane season may impact the offshore industry.

On Bauer Business Focus — A conversation on how the 2012 hurricane season could impact the offshore industry with Andrew Schneider, business reporter for KUHF 88.7 FM.

The first day of June marked the beginning of the 2012 hurricane season with a forecast of 11 named storms, 6 hurricanes and 2 major hurricanes.

Although this is a below average forecast, the offshore industry, both locally and abroad, should still be on alert, insurance expert Daniel Johnson says.

Johnson, a partner at Sutherland, Asbill & Brennan, stopped by Bauer Business Focus recently to discuss how the hurricane season may impact the offshore industry.

“In 2008 when Hurricane Ike struck, the market experienced a lot of rate pressure due to the losses in that storm,” Johnson said. “Although we haven’t had a big storm like Ike in several years, the insurance markets have suffered losses that affect the offshore industry.”

While hurricanes have remained calm in the U.S. since 2008, other factors play a big role in how the offshore industry is affected.

“We haven’t had a big storm in several years but the global insurance markets have had catastrophic losses during the Thailand floods and the Japanese tsunami. Those losses have contributed to the hardening of some rates along with the BP oil spill and the uncertainty rising out of that is keeping rates propped up if not on the rise even though we haven’t had a hurricane.”

Click here to hear the full interview.

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