DAVID MALPASS, FORMER WORLD BANK PRESIDENT, JOINS PURDUE
David Malpass, former president of the World Bank, will join Purdue University as the Distinguished Fellow of International Finance at the Mitchell E. Daniels, Jr. School of Business in January. Malpass will also serve as the Inaugural Fellow of Global Business and Infrastructure at Purdue@DC.
Malpass served as president of the World Bank Group from 2019 to 2023. He also served as deputy assistant secretary of the treasury, deputy assistant secretary of state, and undersecretary of the treasury for international affairs. He has been a prominent Wall Street economist and has sat on various corporate and nonprofit boards, including the Manhattan Institute, the Council of the Americas, and the Economic Club of New York.
“It’s outstanding for Purdue to hire this brilliant leader,” says Jim Bullard, the Dr. Samuel R. Allen Dean of the Daniels School since August 2023 and former president and chief operating officer of the Federal Reserve Bank of St. Louis. “He is well respected in the business world and was a steadfast leader at the World Bank, creating solutions for some of the world’s most pressing issues. His insights and contributions will be relevant and timely to our faculty, staff, students and alumni, and his presence will only add to the momentum that the Daniels School is building.”
During his tenure at the World Bank, Malpass was instrumental in guiding the global economy through significant challenges, including the COVID-19 pandemic, the Ukraine war, and periods of high inflation and interest rates. He was lauded for his leadership in supporting developing countries, advocating for increased transparency in global contracts, digitalization, currency reforms, and building stronger markets to enhance living standards.
At Purdue, Malpass will give lectures, participate in faculty research discussions, lead thought leadership events, and engage with students, alumni, and university community members. Purdue University President Mung Chiang praised Malpass’s appointment, highlighting the significant impact it will have on the university and its students.
3 IN 4 STUDENTS OF COLOR LIKELY TO DISCUSS RACE IN COLLEGE ADMISSIONS ESSAYS
In the wake of the Supreme Court’s decision to strike down affirmative action, high school seniors, particularly students of color, are facing new uncertainties as they prepare their college applications for the 2024-25 academic year.
Intelligent.com, an online magazine centered around helping students make informed choices about their college education, conducted a survey of 103 current high school seniors of color who are planning to attend college.
A notable 77% of students of color expressed that they are likely to discuss their race in their admissions essays while 88% indicated they are inclined to answer demographic questions about their race or ethnicity on their applications, rather than opting out. This data suggests a strong inclination among students of color to acknowledge their racial and ethnic identities as part of their college application process.
The survey, conducted in an effort to understand how students are coping with the changed landscape, found that three quarters of respondents felt pressured to include information about their race in their applications.
Meanwhile, 44% of the students of color were not aware of the Supreme Court’s decision. More than one-third reported not receiving adequate guidance from their schools in light of the ruling.
ESCP BUSINESS SCHOOL WINS SPECIAL EXPERTISE IN ENTREPRENEURSHIP
The ESCP Business School Berlin Campus recently won the Best Program in Entrepreneurship Education award from La French Tech Berlin, an organization aiming to help boost French startups.
“I experience the entrepreneurial spirit of ESCP students and alumni every day. This is a great achievement for the ESCP Entrepreneurship Community and we are very proud to have contributed to this spectacular development!” says Matthias Mrożewski, professor at the Jean-Baptiste Say Institute for Entrepreneurship at ESCP.
ESCP is home to its European startup center Blue Factory which supports aspiring entrepreneurs all the way to launch stage. Over 60 professors, scientists and practitioners research and teach entrepreneurial mindset, business methods and innovation. With campuses in six major European cities, including Paris and Berlin, the business school’s diverse teaching approach enables it to build bridges between local and French startup ecosystems. This was particularly praised by La French Tech Berlin.
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