Friday, July 18, 2014

Economic Research Fellowship Now Open for Student Applications

The School of Business and Economics (SBE) is happy to announce the launching an Economic Research Fellows program designed to engage undergraduate students, especially Honor students and majors in Economics and in International Economics and Finance, as Research Assistants (RAs) for Economics faculty during the academic year.  The primary goal of the program is to provide students with a deeper understanding of the nature and methods of academic research, to expose them to real field research, impact evaluation, and to stimulate students’ interest in pursuing research projects of their own. Preference in admissions will be given to students who are completing their junior year, although sophomores with exceptionally strong academic records are also welcome to apply. Applicants should be on track to achieving a GPA of 3.5 or higher.  The fellowship will provide $ 700.00 stipend for the year.

More details about the program, the application process and the specifics of the research projects for 2014 can be found here.  The completed application form and transcript should be submitted to Dr. Maria Sophia Aguirre, Director of Economic Programs.  Questions can be directed to Dr. Aguirre at or 202-319-4057.  Applications are due August 18th.  Early submissions are welcome.  Results will be announced by August 29th.

Faculty Comment on Pope Francis and Business in the WSJ

Bill Bowman, Research Assistant Professor in the School of Business & Economics, comments in a letter published in today's Wall Street Journal (subscription required) on Pope Francis' use of language to shake up business people.

WSJ, July 17, 2014 7:44 p.m. ET

Pope Francis uses language to shake up an audience, and he is doing that right now with businesspeople ("Where Faith and Profit Collide," Marketplace, July 11). Popes don't create doctrine (Christ did), but they can choose to emphasize different aspects of it at different times in history. And right now Pope Francis is shouting that we can't ignore the marginalized in society, who are becoming objects in a throwaway culture.

For a business leader that means we need to grow in our understanding that business exists to enhance the dignity of the people it affects. That is the foundation of Roman Catholic social doctrine. Businesses cannot focus solely on financial return and ignore people. Layoffs to save a business are one thing, but layoffs to increase return on net assets are another.

Capitalism has been endorsed by the church as superior to any other economic system as long as it stays focused on serving people. A capitalism focused solely on money is deformed.

Bill Bowman
Arlington, Mass.

Wednesday, July 16, 2014

'CUA on Wall Street' Group is Flourishing

The annual summer 'CUA on Wall Street' networking event attracted a large turnout just last week. Both alumni who are living and working in NYC as well as recent students who are interning on Wall Street, gathered for a night of networking and new announcements.

Former Dean of the School of Arts and Sciences, Dr. Larry Poos, opened with remarks regarding where the CUA on Wall Street group began and how it has grown into the program it is today. He officially handed over responsibility of the program to The School of Business and Economics (SBE). One alumnus who helped to spearhead this successful program, Patrick Hennigan, also made remarks thanking Dr. Poos for his dedication and expressing excitement for the changes ahead.

Dr. Andrew Abela, Dean of the School of Business and Economics, thanked Dr. Poos for the time he invested into this program and assured him that the future will be in good hands. The Corporate Relations Manager for the School of Business and Economics, Marykate Kelly, announced some immediate events and additions that alumni will see this coming academic year. These include the Wall Street Alumni Recruiting Panel on CUA's campus and the annual CUA on Wall Street site visit for students in NYC.

Alumni and students mingled throughout the event to discuss their internships and how to break into the financial industry in NYC. Students have greatly benefited from the opportunities that CUA on Wall Street has offered and the School of Business and Economics looks forward to growing its alumni network in NYC and offering more site visits over the upcoming academic year

Wednesday, July 9, 2014

School of Business & Economics Mourns Loss of Prof. Karen Goodwin

The School of Business and Economics was recently notified of the passing of Professor Karen Goodwin, after a long and intense struggle with cancer. Professor Goodwin taught for several years with the School of Business and Economics, focusing primarily on The Business of Music, which was very popular among students. Professor Goodwin was also a founding member of the school's Board of Advisors, which assisted the University in founding the School of Business and Economics. 
Professor Karen Goodwin

Professor Goodwin's family has posted the following obituary:

Karen Walter Goodwin, 66, of Annapolis and formerly of Washington, DC and New York City, died Monday, June 30 at Anne Arundel Medical Center due to complications from colon cancer. Born April 8, 1948 in Fort Dix, NJ, Karen received her B.A. from Southern Methodist University in Dallas, TX and her M.A. from Northeastern University in Boston, MA. She was a New York Theatre Producer and President of Fifth Avenue Entertainment. She was also a writer and a literary agent. Karen was an active member of St. Mary’s Catholic Church in Annapolis; a member of the Wedgewood Group, Theology of the Body, Kappa Kappa Gamma Sorority, NY Theatre Guild and Catholic University faculty. A luminous spirit and intellect, Karen enjoyed spending time with her family, reading, gardening, mentoring, traveling, photography and was a consummate friend. She is loved by so many family members and friends from coast to coast and around the globe. 

Karen is preceded in death by her mother, Jeanne Melillo Walter. She is survived by her son, Nicholas Reid Goodwin of New York City, NY; her two brothers, Richard S. Walter, Jr. (Caryl Garcia) of Silver Spring, MD and Michael S. (Kelley) Walter of Albuquerque, NM; her sister, Donna Jeanne Walter (Philip J. Galipo) of Rockville, MD; her father, Richard S. Walter, Sr. of Annapolis; her uncle, Robert M. Melillo of Fairfax, VA; her nieces and nephews, Stacia and James Raymond, Cassandra and Bryan Alls, Bryan and Heather Deehring; she adored her great-nieces and nephews, Gracie Raymond, Josephine and Brayden Alls and Jackson Deehring.

A Memorial Mass will be held on Saturday, July 12 at 11:00AM at St. Catherine Laboure Catholic Church, 11801 Claridge Road, Wheaton, MD 20902. Interment is private. In lieu of flowers, donations in her memory are recommended to either Broadway Cares at or Covenant House at 

Please join us in praying for Professor Goodwin and her family.

Monday, July 7, 2014

Abela's 'Catechism for Business' Makes Summer Reading List

A Catechism for Business, co-edited by Dr. Andrew Abela and Dr. Joseph Capizzi, was published and launched this past March 2014. The book aims to serve as a reference guide for business leaders who want to run their business according to Church teaching while making tough decisions every day. The book takes exact excerpts from Church teaching and applies the excerpts to a topic or question that business leaders often face.

A Catechism for Business has been reviewed and endorsed by John Allen, Francis Cardinal George, Carl Anderson, Patrick Lencioni and many more. Most recently, George Weigel compiled a summer reading list for First Things which included Dean Abela's book.

Please read the full First Things article here. 

Thursday, July 3, 2014

Professors Co-Author Op-Ed on Hobby Lobby

Dean Andrew Abela and Dr. Irene Kim co-authored an op-ed for The Daily Caller last week, in relation to the Supreme Court case Sebelius v. Hobby Lobby. Given the attention that this case has drawn, Abela and Kim chose to focus on, The Cost of Not Offering Health Insurance.

The op-ed states, "During oral argument, Justice Kagan, picking up on a suggestion by Justice Sotomayor, claimed that Hobby Lobby has a third option: it could just stop offering healthcare coverage altogether, pay a $2,000 per employee “tax,” and not be significantly worse off. Could the solution really be that simple?"

Abela and Kim discuss the true cost that Hobby Lobby would incur if they had decided to stop offering healthcare and simply pay the "tax" per employee. To find out what they estimate as the true cost, please read the full article here.