University

Oct. 1, 2018

CONTACT:    Dr. Syed Tariq Anwar, 806-651-2491, sanwar@wtamu.edu

University’s AMA Chapter to Part VII Seminar on Financial Crisis

 

CANYON, Texas—West Texas A&M University’s collegiate chapter of the American Marketing Association (AMA) will sponsor a special seminar titled, “Revisiting the 2008 Global Financial Crisis: A Ten-Year Assessment (Part VII)” from 12:20-1:30 p.m. Wednesday, Oct. 3, in the Classroom Center, Room 335 on campus.

Scheduled speakers for the seminar are Dr. James K. Owen, professor of finance and Hodges Professor of Corporate Governance; John Polley, financial adviser with Morgan Stanley, Amarillo; and Pat Ware, executive vice president at Amarillo National Bank, Amarillo.

Wednesday’s session marks the seventh seminar hosted by WTAMU since 2008 to examine the strategic importance and long-term implications of this topic. Owen, Polley and Ware will look at the recession and its post-crisis geo-economic and political environment and the timely developments in the U.S. and global markets.

“The 2008 global financial crisis came unannounced and disrupted the world markets where losses exceeded $15 trillion,” Dr. Syed Tariq Anwar, professor of marketing and international business, said. “No wonder billions of dollars were lost in the crisis because of household debt, firm-specific excesses, speculatory environment and related factors.”

At the global level and in the post-crisis environment, long lasting economic, social and geostrategic problems appeared in the forms of job losses, unemployment, business and individual bankruptcies, mortgage foreclosures, decline in economic output, state-level budgetary problems and more. A recent study by the Federal Reserve Bank of San Francisco estimates that in the 2008 recession, an average American may have lost $70,000 in ‘lifetime’ income’ because of the crisis.

The 2008 Financial Crisis Seminar (Part VII) is another useful program planned and sponsored by WTAMU’s Collegiate Chapter of the American Marketing Association. The chapter has won two major awards and recognition from the national AMA regarding its ‘exemplary performance in planning and internal/external communications’ in 2017 and 2018. The chapter also was rated by the University as an ‘outstanding organization finalist’ in 2017.

The AMA chapter was established in 2014 and has organized multiple seminars and special events and training programs for students, faculty, staff and the business community. Wednesday’s special seminar is free and open to students, faculty, staff and the public. For more information, contact Dr. Syed Tariq Anwar, co-chapter adviser at 806-651-2491, or Turkan Kilic, primary adviser at 806-651-2506. Visit the AMA chapter Facebook Page at facebook.com/wtamuchapter/.

 

 

—WTAMU—


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