Phoenix-area homeowners can start celebrating a small light at the end of the tunnel, when it comes to house prices. While the latest numbers from the Arizona State University-Repeat Sales Index (ASU-RSI) still show a record decline, forecasts then show a slight upturn.
U.S. News & World Report ranks the W. P. Carey School of Business at Arizona State University high in its newly unveiled edition of "America's Best Graduate Schools." The school is ranked at No. 29 on the prestigious list of "Best Business Schools," making it the only Arizona school on the Top 50 list this year.
Homes in the Phoenix area lost about a third of their value last year, according to the latest numbers from the Arizona State University-Repeat Sales Index (ASU-RSI), calculated by W. P. Carey School of Business Professor Karl Guntermann and research associate Alex Horenstein. From December 2007 to December 2008, average Valley home prices plunged a record 33 percent. This marks the steepest-ever one-year drop and also the longest-lasting slump in Phoenix history.
Americans may be more interested in financial news right now than at any other time in recent memory due to the recession, the bailout plan, the stimulus plan, the mortgage crisis, the stock market roller coaster and other developments. That's why Knowledge@W. P. Carey, the online business news and analysis site produced by the W. P. Carey School of Business at Arizona State University, is offering a new tool to help people sort through this complex situation.
Global warming, dependence on foreign oil, and the Obama administration's stimulus plan have all helped put a major focus on the need for alternative energy. On March 26, one of the leaders in creating and promoting affordable solar energy will be honored as Executive of the Year by a national group of prominent business executives who advise the W. P. Carey School of Business at Arizona State University.
The W. P. Carey School of Business at Arizona State University ranks among the Top 25 schools in the world for business research productivity, according to a new study. School officials say this shows faculty members are actively producing new knowledge and analysis for global use in a rapidly changing world now faced with added business challenges from the recession.
Even though some Western states, including Arizona, are among those hardest hit by unemployment from the recession, they may not receive as much help from the federal stimulus package as other states. New numbers from the U.S. Bureau of Labor Statistics are out, and surprising analysis by Professor Lee McPheters, editor of Economy@W. P. Carey, shows the stimulus package actually favors some of the states least impacted by the recession.
As the amount of money spent on bailing out banks and other financial institutions continues to grow, more and more Americans are asking what is happening to their taxpayer money. A top mortgage expert from the W. P. Carey School of Business will testify before Congress Wednesday about the need for greater transparency when it comes to the use of Troubled Assets Relief Program (TARP) funds.
In a time of recession when funding for the arts can often suffer, students at the W. P. Carey School of Business at Arizona State University are actually learning more about the intimate relationship between business and the arts, while creating important connections to the local arts community. Two new projects were designed to encourage students to attend arts performances, learn about show business and possibly even pave the way for future participation on the boards of arts organizations.
U.S. Secretary of State Hillary Clinton recently wrapped up a week-long trip to Beijing and other key cities in Asia, her first overseas visit since taking office and a demonstration of how important she considers relations between the United States and the region. Here in America, some of the top minds in the business, legal, academic and policy worlds are also focusing on trade relations between the United States and China by gathering for a series of three invitation-only forums to produce recommendations for improvement. The forums are sponsored by Arizona State University and the nonprofit Kearny Alliance.