Arizona State University: WP Carey School to Honor Northern Trust Chief Economist as Most Accurate Forecaster

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Despite the continued uncertainty brought on by the ongoing pandemic, labor shortages, supply chain disruptions and a series of geopolitical uncertainties, Northern Trust chief economist Carl Tannenbaum predicts that the US economy will continue to recover from last year’s shocks.

Tannenbaum, the forecaster with the most accurate projections over the past four years, will present his economic outlook at a free, live online event from 6 p.m. to 7 p.m. EST on October 11 with the Arizona State University WP Carey School of Business. At that time, Tannenbaum will receive the Lawrence R. Klein Award for Blue Chip Forecast Accuracy, considered one of the best-known and longest-running accomplishments in the field.

Northern Trust Chief Economist Carl Tannenbaum.
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“I am delighted to win this award. I have been a Blue Chip forecaster at several institutions for over 30 years, and this is the first time that I have been part of the winning team. It is a great honor,” a said Tannenbaum.

This is the second time that Northern Trust has won the Lawrence R. Klein Award as an organization. Amy Ostrom, Acting Dean of WP Carey School of Business, will present Tannenbaum with her award, which will be followed by her economic forecast for the coming year. Charles Evans, Chairman of the Chicago Federal Reserve, will present Tannenbaum.

There are 50 forecasters contributing to the Blue Chip competition from leading organizations across the country, including financial institutions, manufacturing companies, consulting firms, and universities.

The award is judged and sponsored by the WP Carey School of Business. The Blue Chip Economic Indicators newsletter is the source of the forecasts used to select the winner.

“The price is based on the smallest average error for GDP (gross domestic product), CPI (consumer price index) and unemployment over the past four years,” said the economics professor. Dennis hoffmann, director of the L. William Seidman Research Institute at ASU. “The predictions of Carl Tannenbaum and his Northern Trust team have held up remarkably well, even through more recent developments such as inflation issues, supply chain bottlenecks and the persistence of the pandemic. COVID-19. ”

In addition to his economic functions, Tannenbaum is also responsible for the analysis and modeling group within the risk management division of Northern Trust, and he oversees the strategic risks facing the organization. He also publishes weekly commentaries and is frequently interviewed by media outlets such as The Wall Street Journal, Bloomberg and Reuters.

Prior to joining Northern Trust, Tannenbaum spent four years at the Federal Reserve, where he headed the risk section. He was deeply involved in the central bank’s response to the 2008 financial crisis, helped create and conduct its stress testing program, and advised senior Federal Reserve officials on banking and financial developments. Tannenbaum began his career in banking at LaSalle Bank / ABN AMRO, a global banking organization with total assets of $ 1,000 billion.

Tannenbaum is currently President of the International Conference of Commercial Bank Economists and Past President of the National Association for Business Economics, the Conference of Business Economists, the Economic Advisory Committee of the American Bankers Association, and the North American Asset / Liability Management. Association. He holds an MBA and BA in Finance and Economics from the University of Chicago.

During the ceremony, Tannenbaum will deliver his 2022 predictions regarding:

For more information or to register for the Lawrence R. Klein Award event on October 11, visit wpcarey.asu.edu/alumni/klein-award. Journalists present as members of the virtual audience can ask questions during the question-and-answer section of the event.

Created in 1976, Wolters Kluwer’s Blue Chip Economic Indicators are synonymous with the latest expert opinions on the future performance of the US economy. Each month, Haver Analytics compiles forecasts from 50 leading business economists for key indicators of economic growth.

When students take classes in Latin American studies, they learn a lot about its history, literature, food, music, and culture of revolution and politics, but almost nothing about its intellectual or philosophical culture, according to the professor emeritus of philosophy. Ted humphrey.

“When I got involved in the intellectual history of Latin America, I did it because you couldn’t find the types of resources to teach it that were available for European thought or philosophy”, Humphrey said. “The translations that (a) a colleague and I have done were aimed at providing our largely English-speaking students and writers with access to at least a selection of the best thinkers, thinkers as the Hispanic world calls their philosophers, from Latin America. . “

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Humphrey says that even minor European philosophers can have their works translated into more than four languages, but hardly any of the most important Latin American thinkers had one.

Among the “most prodigiously powerful thinkers” in Latin America, Humphrey has listed many names including: Andrés Bello, Leopoldo Zea Aguilar, Lucas Alamán, José Martí and the Uruguayan philosopher Carlos Vaz Ferreira, known as “the moral voice of his people. . “

“All of these thinkers mainly focused on moral, social and political theory, although Andrés Bello, Leopoldo Zea and Carlos Vaz Ferreira worked on other metaphysical and epistemological topics,” Humphrey said.

Reflecting on America’s most influential Hispanic thinkers who approached philosophy from a uniquely Hispanic perspective, Humphrey mentioned two names.

Jorge JE Gracia

Gracia was born in Cuba in 1942. He studied at both Havana University and Escuela Nacional de Bellas Artes San Alejandro in Havana before moving to the United States, where he received a philosophy degree from Wheaton College in 1965.

He then obtained a master’s degree in philosophy from the University of Chicago in 1966, a bachelor’s degree in medieval studies from Pontifical Institute for Medieval Studies in 1970 and his doctorate in medieval philosophy from the University of Toronto in 1971.

“He was a Cuban refugee who came to this country at an early age and without any knowledge of English, which he clearly mastered quickly, although he was – as you might expect – teased. mercilessly by his early contemporaries for his inability to speak English, “said Humphrey.

Gracia’s areas of research included metaphysics, ethnic and racial issues, philosophy of religion, and medieval and Latin American philosophy. These subjects have led him to write over 20 books and edit over two dozen volumes of books by others. One of his most notable contributions was his anthology published in 1984 on Latin American philosophy, “Philosophical Analysis in Latin America“, which was the first work of its kind published in English by a philosopher.

Beyond his extensive collection of writings, he has also been a leader for many important organizations. He was the founding chairman of the American Philosophical Association committee for Hispanics in Philosophy and was chairman of the Society for Medieval and Renaissance Philosophy, the Society for Iberian and Latin American Thought, the American Catholic Philosophical Association and of the Metaphysical Society of America.

Gracia worked for the State University of New York at Buffalo from 1971 until his retirement in January 2020 as SUNY Emeritus Professor and Samuel P. Capen Chair in the departments of philosophy and comparative literature.

“I contributed two articles to one of his last books, ‘Forging People: Race, Ethnicity, and Nationality in Hispanic and Latin American Thought‘, which was devoted to examining the concept of Hispanicism, a topic born out of his training in medieval philosophy at the Pontifical Institute at the University of Toronto, where he completed doctoral studies, ”said Humphrey.

Héctor-Neri Castañeda

Castañeda was a Guatemalan American philosopher who immigrated to the United States in 1948 as a refugee. He attended the University of Minnesota for his bachelor’s, master’s, and doctorate degrees.

After earning his doctorate, Castañeda studied at the University of Oxford for a year before returning to the United States to work at Duke University for a short period. He then worked at Wayne State University, where he founded the philosophical journal We, which is still in production to this day.

Eventually, he moved to Indiana University in 1969 and became the Mahlon Powell professor of philosophy as well as the university’s first dean of Latin American affairs.

“Héctor-Neri Castañeda has worked on identity issues, but at a much higher level of abstraction than Jorge,” Humphrey said. “When at the end of the 70s, during my presidency of the philosophy department, we were looking to increase the visibility of the department, we tried to recruit Hector, but we were not able to support his journal, Us, so he stayed in Indiana. “

Castañeda is the most notable for the development of the theory of appearances, which applies to the analysis of thought, language and the structure of the world through abstract objects. He is also credited with discovering the concept of the quasi-indexical or quasi-indicator. It is a linguistic expression in which a person referring to another can move from one context to another, much like “you” can refer to a specific person in a context and to another person. in a different context.

In addition to his research, he has received a grant from the Guggenheim Foundation and grants from the National Endowment for the Humanities, the Andrew W. Mellon Foundation and the National Science Foundation. He also received the Presidential Medal of Honor from the Government of Guatemala in 1991, among many other accomplishments.


This press release was produced by Arizona State University. The opinions expressed here are those of the author.


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