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European Business Schools See Application Volume Drop

Two-thirds of European business schools saw application volume drop last year after rising steadily for years, according to the Graduate Management Admissions Council (GMAC), which administers the GMAT entrance exam used by most schools.

An article yesterday in the Wall Street Journal highlighted GMAC application trend data, noting that some European schools saw the number of applicants fall by more than 10 percent even before the latest round of economic challenges hit the region. Even schools in more economically stable countries like Switzerland and the United Kingdom have been affected, in part because their tuitions have been rendered increasingly steep by falling currencies in neighboring countries.

According to the Journal article, European students who can afford it have been looking to programs overseas – either at U.S. schools or at the overseas campuses of European schools – as a means of setting themselves up for better post-graduate employment options. Spain’s IESE Business School in Barcelona saw its application volume drop 5 percent this year as locals, deterred by the country’s 22.9 percent unemployment rate, have applied overseas instead, the Journal reports.

Meanwhile, in Switzerland, IMD Business School is having a harder time convincing European students that its program is worth the investment, especially as the euro’s value has dropped against the Swiss franc. Applications from students from Western Europe, which account for 20 percent of the Swiss school’s class, dropped 10 percent. IMD has increased financial aid by a third, delayed payment deadlines and encouraged students to apply for more loans in an effort to counteract the drop in applicants, the Journal reports.

Likewise, Italy’s SDA Bocconi School of Management is now extending merit-based tuition waivers, one for 50 percent of tuition costs and another for 70 percent, to students from countries other than Italy in Western Europe.

Other European schools with campuses in different regions of the world have seen European students favor those locations instead, the Journal article added. For example, the Shanghai campus of France’s Grenoble Graduate School of Business has had an uptick in European students over the past two years.

Telio Gourdon, a master’s student in international business at Grenoble’s Singapore campus, says he was motivated to leave his native France by the prospect of greater international exposure and better post-graduation employment options. “Singapore is a good place to be for a businessman,” he told the Journal.

For the complete Wall Street Journal article, click here.

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5 Myths Haunting Your Healthy Foods


These days, eating healthy has become a curiously difficult task. Despite the fact that the canons of healthy eating have not changed in centuries, the proliferation of health food products has continued unabated for years. It’s become a crisis of abundance.

However, just because a product occupies shelf space in a boutique food store doesn’t mean it’s any better for you than its generic counterpart. Advertisers are very aware of the powers of “mood affiliation”, which is the tendency to associate familiar claims with one another. For example, consumers are very likely to believe a food that has no cholesterol is very likely to have no fat as well, even though the two are unrelated.

This cognitive bias allows the food industry to make a variety of claims that confer fictitious health benefits, often resulting in higher prices and no value to you.

Let’s take a look at the perpetrators.

  • Deception #1: Excessive Use of the Word “No” on Labels.
    The expectation that health foods contain no man-made ingredients is strongly held, and not without reason. However, health food manufacturers are much more likely to emphasize the lack of certain ingredients on their label, even when their commercial counterparts have the same qualities. For example, a Stanford professor compared the labels of 12 different brands of potato chips, and found that organic and specialty chips were 6 times more likely to emphasize the lack of ingredients such as soy, trans-fats, and cholesterol, even though this is just as true for Lays and Ruffles. There was no difference in health quality between the two groups of chips.
  • Deception 2: Organic Food Is Always Better
    Despite common perceptions, there’s not a whole lot of evidence that the nutritional quality of organic food is much higher than non-organic food. This is because the term organic itself refers to particular manufacturing protocols used to make the food, and not necessarily the end product itself.

    However, people frequently commit attribution errors when making judgments about organic food. A study conducted at the University of Michigan found that people assume an organic product has less-calories than a similar non-organic product, which causes people eating processed organic food to consume more calories than they would have otherwise. In some cases the inferred benefits of eating organic extend beyond nutrition, and gives people a belief that they need to exercise less because they eat organic.

  • Deception 3: Fair Trade = Healthy
    The Fair Trade certification industry is guilty of two swindles:

    The Fair Trade certification industry is complicated to judge, mostly because it’s a collection of heterogeneous agencies that have different criteria for assigning its badge. It’s also become a profit channel more so than a statement of an organization’s ethics.

    However, it’s important to realize that most Fair Trade certification agencies (supposedly) grant their certification based on production inputs that bear no direct relation to the quality of food being produced, such as worker treatment and eco-friendly business practices. Much like the organic label, people mistakenly assume that Fair Trade means a food has less calories and more nutrients because it’s Fair Trade, which isn’t true.


  • Deception #4: Grass-Fed Beef
    Grass-fed beef has become popular in America, and it’s purported benefits are that it has a more beneficial ratio of Omega-3/Omega-6 fatty acids, a higher concentration of anti-oxidants like superoxide dismutase, and lower levels of nitrates, which creates healthier beef.

    These health benefits are either non-existent or exaggerated.

    It’s true that grass-fed beef has a higher concentration of omega-3 fatty acids and anti-oxidants than grain-fed beef, but the total amount of these and other nutrients in any kind of beef is very small compared to plant sources. To get the recommended 1.6 grams of omega-3 fatty acid a day from grass-fed beef alone, you’d have to eat 4.6 pounds of beef a day. The biggest health benefits of beef is its high protein content, and the minerals iron and zinc, which have a very high bio-availibility when consumed from meat. The differences between grass and grain-fed beef for these nutrients are not different from one another.

    And while it’s true that grass-fed beef has a higher concentration of “good” fat like conjugated linoleic acid (CLA), these observations are typically made with raw meat, and it’s usually lost after cooking. Similarly, the nitrate content in beef is influenced by many variables in the production process, such as the fertilizer used in the soil, run off from nearby water sources, and the moisture level the grass when it’s eaten.

  • Deception #5: Going gluten-free is good for everyone
    About 1% of the western population has Coeliac’s disease, which is an autoimmune disorder caused by a genetic modification to a peptide in the intestine which breaks down when it comes in contact with gluten based molecules. The consumption of gluten causes an inflammatory response within the intestine when it’s ingested.

    If you are one of these people, by all means, avoid gluten. You’re allergic to it.

    If you’re not one of these people, relax a little bit, and do yourself a favor by being more discerning about food labels. It’s true that gluten-intolerance is showing up with an increasing regularity, but it’s still a small percentage of the population and partly caused by people’s increased awareness of it.

    For the majority of the population, the presence or absence of gluten has little bearing on the quality of food being eaten. It’s the diet fad du jour, but any diet approach that exclusively emphasizes a single variable is too simplistic.

    If you doubt this is the case for gluten, then consider the previous “single variable” diet fads popularized in the past: lactose, fat, sugar, etc. They’ve all been proven wrong.

Conclusion
The bottom line in all these myths is that people mistakenly assume various certifications as proxies for nutritional quality, but their presence bears no meaning to the quality of food you eat when you hold other things equal. The best way to ensure you’re eating right is to consistently consume a diet of fresh foods with minimally processed ingredients, and spare yourself the confusion of deciphering the legitimacy of the latest fads of the health food industry.

References Used:

  • Shan, Lu, et. al. “Structural Basis for Gluten Intolerance in Celiac Sprue”. Science. September, 2002, vol. 297 pgs. 2275-2279.
  • Aggarwal, Sarrabh. “Screening for Celiac Disease in Average-Risk and High-Risk Populations.” Therapeutic Advances in Gastroentology. January 2012, Volume 5, pgs. 37-47. URL: http://www.ncbi.nlm.nih.gov/pmc/articles/PMC3263981/ ?tool=pubmed
  • Schuldt, Jonathan, et. al. “The Organic Path to Obesity? Organic Claims Influence Calorie Judgments and Exercise Recommendations.” Judgment and Decision Making. June 2010, Vol. 5, pp. 144-150.
  • Williams, Christine. “Nutritional Quality of Organic Food: Shades of Grey or Shades of Green?” Proceedings of the Nutrition Society. 2002, pgs. 19-24.
  • Comerfod, John. “Telling the Grass-Fed Beef Story.” URL: http://www.das.psu.edu/research-extension/beef/pdf/ Telling%20the%20Grass.pdf
  • Blackman, Allen, et. al. “Producer Level Benefits of Sustainability Certification.” Conservation Biology. December 2011, volume 25, pgs. 1176-1185.
  • Stoltenow, Charlie, et. al. “Nitrate Poisoning in Livestock.” North Dakota State University, September 1998.
  • Daley, Cynthia, et. al. “A Review of Fatty-Acid Profiles and Antioxidant Content in Grass-Fed and Grain-Fed Beef.” Nutrition Journal. March 2010.
  • Katz, David. “Is Gluten-Free Just A Fad?” Fooducate.
  • Schuldt, Jonathon. “The “Fair Trade” Effect: Health Halos From Social Ethics Claims.” Social Psychological and Personality Science. January 2012.
Written on 2/3/2012 by Jonathan Bechtel. Jonathan is the founder of Health Kismet, a green superfood that condenses 35 raw greens, herbs, and probiotics into a powder that can be mixed with a drink or other food supplement. He blogs about health, diet, nutrition, and culture at blog.healthkismet.com. Photo Credit: Simon Shek



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Charlie Sheen’s Realtor Sued By Brooke Mueller’s Mom

Charlie Sheen’s real estate agent is being sued by Brooke Mueller’s mom, who claims the realtor screwed her out of a commission for a mega-mansion Charlie purchased last year.According to the lawsuit, obtained by TMZ, Moira Fiore claims she was…

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New York Giants Owner Steve Tisch Spills Superstitious Secret

Giants owner Steve Tisch confessed his Super Bowl superstition on TMZ Live today … saying he won’t remove 5-week old nail polish from his toes because he’s afraid it could sink his team.  Tisch says 5 weeks ago his young daughters painted his…

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Ingrid Newkirk: Susan G. Komen’s Other Gaffe

Komen does women a disservice by continuing to channel funds into animal tests, while other cancer charities have moved on from such old-fashioned abominations or never engaged in them to begin with.
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Great Food Stories Of The Week (Last Call)

Every Friday afternoon, HuffPost Food rounds up some of the best food articles of the week. Start your weekend off with some quality food writing, and hopefully quality food as well! Think we missed something great? Let us know.

The Telegraph, Alain Ducasse’s Favourite Paris Haunts
Suivre M. Ducasse!

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Macerich’s CEO Discusses Q4 2011 Results – Earnings Call Transcript

Macerich (MAC)

Q4 2011 Earnings Call

February 3, 2012 1:30 p.m. ET

Executives

Art Coppola – CEO and Chairman of the Board of Directors

Ed Coppola – President

Tom O’Hern – Senior Executive VP and Chief Financial Officer

Randy Brant – Executive VP, Real Estate.

Analysts

Craig Schmidt – Bank of America Merrill Lynch

Quentin Velleley – Citi

Paul Morgan – Morgan Stanley

Christy McElroy – UBS

Todd Thomas – KeyBanc Capital Markets

Vincent Chao – Deutsche Bank

Steve Sakwa – ISI

Cedrik Lachance – Green Street Advisors

Alexander Goldfarb – Sandler O’Neill

Wes Golladay – RBC Capital Markets

Ben Yang – KBW

Tayo Okusanya – Jefferies & Co.

Michael Mueller – JPMorgan

Presentation

Operator

Welcome to the Macerich Company fourth quarter 2011 earnings conference call. Today’s call is being recorded. [Operator instructions.] would now like to turn the call over to Jean Wood, Vice President of Investor Relations. Please

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Why Deutsche Bank Avoids The LTRO

By Paulo Santos:

Sometimes, there is news that isn’t what it seems. Today, we got one of those: Deutsche Bank (DB) saying that it didn’t take advantage of the LTRO due to its wish to keep its reputation.

But is that a good explanation for Deutsche Bank’s attitude?

I reckon it isn’t. There’s a much better explanation, and as such, much more likely to be the true reason.

The LTRO finances banks for up to three years, thus removing refinancing risk on what the banks choose to buy and deliver as collateral. So, buy they do, with abandon, as I’ve shown previously.

But there is a problem, precisely for German banks. What they can deliver as collateral and buy on a moment’s notice is government debt. And the LTRO finances these assets at a 1% rate. It so happens that to make money with little risk on this scheme, you need to buy

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Hot Cilcks: Kylie Bisutti; Super Bowl XLVI bets; Funny Tom Brady pics

Read full story for latest details.
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