FBI and anti-terrorism

Sources say the FBI will get an expanded role in global counter-terrorism under a “global justice” initiative that will diminish the CIA’s central role.  School of Law national security law lecturer Philip O’Neill, author of “National Security and the Legal Process,” can put into context this shift in emphasis.

Contact Philip O’Neill, 617-951-2253, poneill@eapdlaw.com

Single bank regulator eyed

The Obama administration is reportedly close to recommending creation of a single agency to regulate banking  as a keystone to an overhaul of the entire financial regulatory system.  From the School of Law 's Morin Center for Banking and Financial Law both Professor Cornelius Hurley, a former Federal Reserve counsel, and Robert Bench, former deputy Comptroller of the Currency, can comment on the implications of such changes.  

Contact Cornelius Hurley, 617-353-5427, ckhurley@bu.edu

Contact Robert Bench, 617-353-5428, bobbench@bu.edu

WH “background” briefings knocked

White House print reporters are protesting the administration's frequent use of not-for-attribution "background" briefings.  College of Communication Dean Tom Fiedler, a Pulitzer-winning former executive editor at the Miami Herald, can comment on why such briefings are a touchy media matter.

Contact Tom Fiedler, 617-353-3488, tfiedler@bu.edu

Early Alzheimer detection test coming in 12 to 18 months

faculty-stern

Using skin cells, researchers have tested 300 people to determine if they have early stages of Alzheimers Disease with promising results. But Robert A. Stern, associate director of the Clinical Care at the Alzheimer Disease Center warns there is no real data and little information so far.

Contact Robert Stern, 617-638-5678, bobstern@bu.edu

Wall Street compensation battles

With public heat on bonuses at bailed-out Wall Street banks, Citigroup and Bank of American reportedly may be joining Morgan Stanley in raising base salaries to make up for annual bonus limitations.  School of Management Professor Fred Foulkes, director of the Human Resources Policy Institute, can comment on the trend.

Contact Fred Foulkes, 617-353-4281, ffoulkes@bu.edu

Banks want it both ways

The FDIC is being lobbied by banking trade groups for permission for banks to be able to bid on the same "toxic" assets that the banks will be putting up for sale in the government's Public Private Investment program.  The Feds haven't said yet if banks can have it both ways.  School of Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law, can comment.

Contact Cornelius Hurley, 617-353-5427, ckhurley@bu.edu

Facebook gets Russian investment

Digital Sky Technologies, a Russian investment firm, is investing $200 million for a 1.96-percent stake in the social networking site Facebook.  School of Management Professor N.Venkat Venkatraman, chairman of the Information Systems Department, says this won't challenge Microsoft's investment in Facebook which is more of a strategic partnership.

Contact N. Venkat Venkatraman, 617-353-7117, venkat@bu.edu

GM approaches bankruptcy

With bondholder interest too low, GM won't proceed with the repurchasing of some $27 billiion of notes it sought, meaning it is on the brink of bankruptcy -- which should come next week with the U.S. government winding up owning 70 percent of the automaker.  School of Management Dean Louis Lataif, a former Ford senior executive, can offer an industry perspective

Contact Louis Lataif, 617-353-2668, lelataif@bu.edu

International Relations professor William Keylor on N. Korea

Nation’s first cybersecurity czar to be created this week

Reporting to the national security and economic advisors, President Obama is expected to outline plans for a cybersecurity advisor who will develop a strategy to protect government security networks and private computer networks. Azer Bestavros, professor of computer science and an expert on computer security, can comment on the role of this advisor along with the "strategic vision" and plethora of issues facing this new "cyber czar".

Contact Azer Bestavros, 617-353-9726, best@bu.edu