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CSUSB professor paints rosy picture of U.S. economy for Highland Area Chamber of CommerceHighland Community NewsMarch 22, 2018

Tom Pierce, a professor at California State University, San Bernardino, painted a rosy picture of the economy at a breakfast meeting of the Highland Area Chamber of Commerce on March 20 and backed it up with solid evidence.

Pierce told the group, meeting at the Immanuel Baptist Church, that he routinely discusses macro-economics with his students, fellow professors in the Department of Economics and other economists.

“And I found it interesting over the years to speak with professional people, who are economists,” he said. “They usually are good sounding boards for ideas. And you can usual tell, after 5 or 10 minutes, if they think I am making sense or if I’m full of beans.”

Beans were not on the menu at this breakfast.

“Right now, the U.S. economy is in the best shape than it has been in for a long time,” Pierce said.

After the Great Recession that caused millions of families to lose their homes and raised the Riverside-San Bernardino County unemployment rate to more than 14 percent the U.S. economy has finally began to come back.

The economic expansion that began in 2009 is now the third-longest U.S. expansion on record, he said. Modest growth in the 2 percent range has kept the country on a steady course.

Read the complete article at “Rosy times.”

CSUSB report: Hate crimes rose the day after Trump was elected, FBI data showThe Washington PostMarch 23, 2018

Reported hate crimes with racial or ethnic bias jumped the day after President Trump won the 2016 election, from 10 to 27, according to an analysis of FBI hate crime statistics by The Washington Post. There were more reported hate crimes on Nov. 9 than any other day in 2016, and the daily number of such incidents exceeded the level on Election Day for the next 10 days.

FBI data collected since the early 1990s show that reports of hate crimes typically spike during election years, according to a study by the Center for the Study of Hate and Extremism at California State University at San Bernardino. There was a 21 percent increase in reported hate crimes the day after Barack Obama won his first election in 2008, though hate crime reports remained relatively flat for the rest of the year.

Researchers have attempted to categorize hate crimes in hopes of understanding what makes them manifest. Jack Levin and Jack McDevitt at Northeastern University published a study detailing several types of hate crimes, including retaliatory hate crimes that are provoked by a previous perceived hate crime or act of terror. Incidents like the Rodney King verdict in 1992 and the Sept. 11 attacks both saw dramatic increases in hate crime violence following the event.

“There’s no one single accelerant for a hate crime although, at particular times, one accelerant will override like a terrorist attack,” said Brian Levin who runs the Center for the Study of Hate and Extremism at CSUSB. “That being said, the basic truth that a catalytic event can correlate to an increase in hate crime is quite stark.”

Read the complete article at “Hate crimes rose the day after Trump was elected, FBI data show.”

Latest CSUSB hate crimes study cited by columnistThe New York TimesMarch 23, 2018

In an opinion column about New Orleans Mayor Mitch Landrieu and his stand on Confederate statues, writer Michelle Goldberg mentioned hate crimes: “The changes in American life under Trump, of course, aren’t just symbolic. Several metrics show increases in hate crimes. (Brian Levin, director of the Center for the Study of Hate and Extremism at California State University, San Bernardino, told me that there were more hate crimes in November 2016 than in any November since federal record-keeping began in 1992.) … ”

Read the complete article at “The white Southern anti-Trump.”

Adjunct professor of finance at CSUSB moves to Irvine-based Open BankPasadena NowMarch 20, 2018

Adam Russell, who has served as an adjunct professor of finance at California State University San Bernardino since 2012, has been appointed senior managing director, commercial banking, for Open Bank, based in Irvine. A 30-year banking veteran, Russell will be responsible for expanding Opus’ commercial and corporate client base in Southern California’s Inland Empire, an Opus Bank press release said Tuesday.

Read the complete article at “Community Bank vice president in Pasadena moves to Opus Bank.”

These news clips and others may be found at “In the Headlines” on the Inside CSUSB website.