Columbia Business School In the News

Professor Bruce Usher participated in a discussion for students, faculty, and staff across Columbia's campus to "explore how the often binary conversations around current events inform our understanding of democracy, the elements that prevent us from coming together for civil discourse, and where we go from here."

We are proud to share that on February 15, 2024, the Order of the Rising Sun, Gold Rays with Neck Ribbon was conferred on Professor David E. Weinstein, the Carl S. Shoup Professor of the Japanese Economy at Columbia University and Director of the Center on Japanese Economy and Business at Columbia Business School.The ceremony was led by H.E. Ambassador Mikio Mori, the Consul General of Japan in New York, and the conferment ceremony was held at the Ambassador’s Residence in New York.The Order of the Rising Sun, established in 1875 by Emperor Meiji, was Japan’s first award. It is conferred on behalf of the Emperor of Japan as one of the highest honors bestowed by the Japanese government on people who have rendered distinguished service to Japan.   The conferral recognizes Professor Weinstein’s significant contributions to promoting academic exchange and mutual understanding between Japan and the United States. Professor Weinstein’s long-standing commitment to studying and understanding the Japanese economy and his dedication to research and cross-cultural exchange embody the spirit of this prestigious award. “I am profoundly honored to receive the medal tonight from Ambassador Mori in the presence of my family, colleagues, and friends. It is a deeply moving recognition of my research and efforts to expand the world’s understanding of Japan’s economy and business system,” Professor Weinstein said upon receiving the medal. 

Commercial real estate 'debt bomb' of $929 billion comes due this year with HUNDREDS of banks facing insolvency runs if default rates on the loans spike.Some $929 billion in commercial real estate loans will come due in 2024About 14% of all CRE loans and 44% of office loans appear to be underwaterRecent study warns of widespread risk of bank failures if defaults spike to 10%