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Economic Cycle Research Institute

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76-465: The Economic Cycle Research Institute ( ECRI ) based in New York City, is an independent institute formed in 1996 by Geoffrey H. Moore , Anirvan Banerji, and Lakshman Achuthan. It provides economic modeling, financial databases, economic forecasting , and market cycles services to investment managers , business executives, and government policymakers. ECRI's stated mission is to preserve and advance

152-458: A Centers of Excellence Grant from the NSF which allowed the physics department to hire several faculty each year. These faculty were to be paid by the grant for three years, but after that time any faculty hired with the associate or full professor designation would become tenured. The governor and the chancellor forced Rutgers to lose this grant by rejecting the condition that tenure be granted. In 1970,

228-490: A college to train those who wanted to become ministers within the church. Through several years of effort by Theodorus Jacobus Frelinghuysen (1691–1747) and Jacob Rutsen Hardenbergh (1736–1790), later the college's first president, Queen's College received its charter on November 10, 1766, from New Jersey's last royal governor, William Franklin (1730–1813), the son of Benjamin Franklin . The original charter established

304-660: A half-century." In 1956 he was elected as a Fellow of the American Statistical Association . In 1996 Moore founded the Economic Cycle Research Institute in New York City. Rutgers University Rutgers University ( / ˈ r ʌ t ɡ ər z / RUT -gərz ), officially Rutgers, The State University of New Jersey , is a public land-grant research university consisting of three campuses in New Jersey . Chartered in 1766, Rutgers

380-583: A lack of funds, Queen's College was closed for two extended periods. Early trustees considered merging the college with the College of New Jersey, in Princeton , but the measure failed by one vote. They later considered relocating it to New York City . In 1808, after raising $ 12,000, the college temporarily reopened and broke ground on a building of its own, called " Old Queens ," designed by architect John McComb, Jr. The college's third president, Ira Condict , laid

456-573: A list of statistical series that would best indicate when the recession would come to an end." In 1938, Mitchell and Arthur F. Burns identified the first leading indicators of revival. Also in 1938, Geoffrey H. Moore joined Mitchell and Burns at the NBER. In 1946, Moore taught Alan Greenspan , who served as Chairman of the Federal Reserve of the United States from 1987 to 2006, In 1950, Moore developed

532-573: A minimum through marches, sit-ins, letters to administration officials and forums. In 2011, there was an attempt by then New Jersey governor Chris Christie and members of the legislature to merge Rutgers–Camden into Rowan University , it ultimately was rejected in part due to several on-campus protests and pushback from Camden faculty, students, and alumni. On June 20, 2012, the outgoing president of Rutgers University, Richard L. McCormick , announced that Rutgers will "integrate five acres along George Street between Seminary Place and Bishop Place into

608-619: A popular weekend destination. Across the city, Douglass Campus and Cook Campus are intertwined and often referred to as the Cook/Douglass Campus. Cook Campus has extensive farms and woods that reach North Brunswick and East Brunswick. Separated by the Raritan River is Busch Campus , in Piscataway, and Livingston Campus, also mainly in Piscataway but including remote sections of land extending into Edison and Highland Park. The Busch Campus

684-440: A presiding officer within the university's 59-member board of trustees and its eleven-member board of governors, and is appointed by these boards to oversee the day-to-day operations of the university across its campuses. He is charged with implementing "board policies with the help and advice of senior administrators and other members of the university community." The president is responsible only to those two governing boards—there

760-457: A result of the separation of the medical school from Rutgers University, Ph.D. programs that had been started in the medical center were lost, and students had to seek other institutions to finish their degrees. After the dissolution of the University of Medicine and Dentistry in 2013, the medical school again became part of the university. Before 1982, separate liberal arts faculties existed in

836-750: A seamless transfer to Rutgers and to take all of their Rutgers classes in a select number of the most popular majors at the community college campus. The collaborative effort provides access to Rutgers faculty teaching Rutgers courses, at a convenient location, but it is also one of the few programs that cater exclusively to the non-traditional student population. Rutgers' current partners include Atlantic Cape , Brookdale , Mercer , Morris , Camden , and Raritan Valley community colleges. The university offers more than 100 distinct bachelor, 100 masters, and 80 doctoral and professional degree programs across 175 academic departments, 29 degree-granting schools, and colleges, 16 of which offer graduate programs of study. It

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912-616: A single sophomore and a handful of first-year students taught by a lone instructor, and granted its first degree in 1774, to Matthew Leydt . Despite the religious nature of the early college, the first classes were held at a tavern called the Sign of the Red Lion. When the Revolutionary War broke out and taverns were suspected by the British as being hotbeds of rebel activity, the college abandoned

988-595: A total of 11 fully online degree programs at the undergraduate and graduate levels. Online degree programs at Rutgers must meet the same academic expectations, in terms of both teaching and learning outcomes, as traditional on-campus programs. During the COVID-19 pandemic, a majority of courses were conducted through remote instruction. Rutgers offers classes at several off-campus sites in affiliation with community colleges and other state colleges throughout New Jersey. These partnerships are designed to enable students to achieve

1064-416: Is a division of the university that serves as an umbrella organization for schools, centers, and institutes from Rutgers University and the old University of Medicine and Dentistry of New Jersey . The organization was incorporated into the university following the 2013 merger of Rutgers and UMDNJ. While its various facilities are spread across several locations statewide, Rutgers Biomedical and Health Sciences

1140-661: Is accredited by the Commission on Higher Education of the Middle States Association of Colleges and Schools (1921), and in 1989, became a member of the Association of American Universities , an organization of the 62 leading research universities in North America. Rutgers–New Brunswick is classified among "R1: Doctoral Universities – Very high research activity". Rutgers–Newark and Rutgers–Camden are classified by

1216-456: Is close to downtown New Brunswick and includes the seat of the university, Old Queens and other nineteenth-century and early twentieth-century buildings that constitute the Queens Campus and Voorhees Mall . Its proximity to New Brunswick's train station and numerous food vendors located downtown, in addition to a large amount of off-campus housing and fraternity and sorority houses, make this

1292-599: Is considered a "campus" for certain organizational purposes, such as the appointment of a separate chancellor. From July 18, 2023 Rutgers Biomedical and Health Sciences renamed to Rutgers Health.( https://rutgershealth.org/chancellor/communications/rutgers-health-brand-name-announcement ). RBHS comprises nine schools and other research centers and institutes including; Ernest Mario School of Pharmacy, Graduate School of Biomedical Sciences, New Jersey Medical School, Robert Wood Johnson Medical School, School of Nursing , School of Dental Medicine, School of Health Related Professions,

1368-549: Is delineated by the all-glass Rutgers Business School building known as "100 Rock" (because of the building's Piscataway address, 100 Rockafeller Road). Rutgers Campus Buses transport students between the various campuses. As of 2010, the New Brunswick-Piscataway campuses include 19 undergraduate, graduate, and professional schools, including the School of Arts and Sciences , the School of Communication and Information ,

1444-472: Is increasingly unavoidable". But on April 3, 2020, ECRI wrote that "this recession will be extremely deep, very broad, but relatively brief," as "shutdowns start ebbing" in short order. Then, on June 24, 2020, ECRI wrote that its leading indexes "have been signaling the start of an economic recovery for some time now." Noting that stock prices had always turned up "ahead of the business cycle trough," they concluded: "In light of this historical pattern, coupled with

1520-407: Is no oversight by state officials. Frequently, the president also occupies a professorship in his academic discipline and engages in instructing students. The current president is Jonathan Holloway who assumed the role on July 1, 2020. Governance at Rutgers University rests with a board of trustees consisting of 41 members, and a board of governors consisting of 15 voting members: 8 appointed by

1596-510: Is noted as the home of Rutgers' highly ranked Ernest Mario School of Pharmacy, as well as the golf course and football stadium. The Livingston campus is home to Jersey Mike's Arena (formerly the Rutgers Athletic Center [RAC]), a trapezoidal building that is home to many sports teams, notably the men's basketball team. Additionally, this campus has undergone many renovations and is regarded as the most "modern" campus. The campus entrance

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1672-539: Is perhaps the only organisation to give advance warning of each of the past three recessions; just as impressive, it has never issued a false alarm ." In May 2011, Business Insider reported "The Economic Cycle Research Institute (ERCI) ... have been quite accurate in forecasting business cycle in recent years ...." 2001 recession call : In March 2001, ECRI made a U.S. recession call and in April 2001 ECRI's Achuthan told The Wall Street Journal that "the economy has passed

1748-538: Is recurrent but not periodic; in duration business cycles vary from more than one year to ten or twelve years; they are not divisible into shorter cycles of similar character with amplitudes approximating their own." In 1929, with the start of the Great Depression , business cycle researchers had a practical emergency on their hands. With the economy back in recession , in the summer of 1937, U.S. Treasury Secretary Henry Morgenthau Jr. requested Mitchell "to draw up

1824-561: Is the largest campus of the university. The Newark Campus in Newark and the Camden Campus in Camden are located in the northern and southern parts of the state, respectively. Combined, these campuses comprise 33 degree-granting schools and colleges, offering undergraduate, graduate, and professional levels of study. The university is centrally administered from New Brunswick, although chancellors at

1900-670: The Edward J. Bloustein School of Planning and Public Policy , the School of Engineering , the School of Environmental and Biological Sciences , the Ernest Mario School of Pharmacy , the Graduate School, the Graduate School of Applied and Professional Psychology, the Graduate School of Education, the School of Management and Labor Relations , Mason Gross School of the Arts , the College of Nursing,

1976-562: The Governor of New Jersey and 7 chosen by and from among the board of trustees. The trustees constitute chiefly an advisory body to the board of governors and are the fiduciary overseers of the property and assets of the university that existed before the institution became the State University of New Jersey in 1945. The initial reluctance of the trustees (still acting as a private corporate body) to cede control of certain business affairs to

2052-764: The Middle States Commission on Higher Education and is a member of the Association of American Universities and the Universities Research Association . Two decades after the College of New Jersey, which is now Princeton University , was established in 1746 by the New Light Presbyterians, ministers of the Dutch Reformed Church , seeking autonomy in ecclesiastical affairs in the Thirteen Colonies , sought to establish

2128-570: The New Jersey Medical School and Robert Wood Johnson Medical School to Rutgers University. In 2013, Rutgers changed part of its alma mater, " On the Banks of the Old Raritan ." Where the lyrics had stated, "My father sent me to old Rutgers, and resolved that I should be a man," now they state, "From far and near we came to Rutgers, and resolved to learn all that we can." The alma mater for

2204-574: The Newark and Camden campuses hold significant autonomy for some academic issues. The New Brunswick Campus (or Rutgers–New Brunswick) is the largest campus and the site of the original Rutgers College. Spread across six municipalities in Middlesex County, New Jersey , it lies chiefly in the City of New Brunswick and adjacent Piscataway and is composed of five smaller campuses and a few buildings in downtown New Brunswick. The historic College Avenue Campus

2280-638: The Newark location of the Rutgers Law School . As of 2012 , 7,666 undergraduates and 4,345 graduate students (total 12,011) are enrolled at the Newark campus. Originally the University of Newark, the campus was renamed and rebranded as Rutgers–Newark in 1945. The Camden Campus (or Rutgers–Camden) consists of six undergraduate, graduate, and professional schools, including Camden College of Arts and Sciences, University College, Graduate School, Rutgers School of Business–Camden, Rutgers School of Nursing–Camden, and

2356-737: The Rutgers Business School and the School of Social Work. As of 2012 , 40,434 students (31,593 undergraduates and 8,841 graduate students) were enrolled at the New Brunswick-Piscataway campus. The New Brunswick-Piscataway campus includes a Business School building on the Livingston Campus. The Newark Campus (or Rutgers–Newark) consists of eight undergraduate, graduate, and professional schools, including Newark College of Arts and Sciences, University College, School of Criminal Justice, Graduate School, School of Nursing, School of Public Affairs and Administration , Rutgers Business School and

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2432-522: The Wayback Machine . ECRI today represents a third generation of cycle research, building on the work of ECRI's co-founder, Geoffrey H. Moore , and his mentors, Wesley C. Mitchell and Arthur F. Burns . In 1920, Wesley C. Mitchell and his colleagues established the National Bureau of Economic Research (NBER) , with a primary objective of investigating business cycles. In 1927, Mitchell laid down

2508-410: The "progressively poorer global growth" that materialized in early 2016. 2020 recession and recovery calls : On March 17, 2020, with U.S. states about to issue stay-at-home orders, ECRI wrote that "cascading closures across the economy will necessarily cause a breakdown in demand." The result would be "mandated demand destruction, which is likely to railroad the economy into a contraction. A recession

2584-645: The 241-year history of Rutgers College as a distinct institution. Students at the 2011 Rutgers tuition protests fought against rising education costs and diminished state subsidies. Campus groups (including the Rutgers Student Union, the Rutgers One Coalition, and the Rutgers University Student Assembly (RUSA), supported by New Jersey United Students (NJUS), mobilized to keep the increase in annual student financial obligation to

2660-584: The Camden campus "On the Banks of the Old Delaware" are lyrically similar aside from the river name. In 2016, Rutgers celebrated its 250th anniversary. On May 15, President Barack Obama became the first sitting president to speak at the university's commencement. The university held a variety of celebrations, academic programs, and commemorative events which culminated on the 250th anniversary date, November 10, 2016. Rutgers invited multiple notable alumni from around

2736-490: The Camden location of the Rutgers Law School . The schools are located in the Cooper's Grant and Central Waterfront neighborhoods of Camden. As of 2012 , 4,708 undergraduates and 1,635 graduate students (total 6,343) are enrolled at the Camden campus. The campus was founded as the College of South Jersey and South Jersey Law School in the 1920s, and became part of Rutgers in 1950. The Rutgers Biomedical and Health Sciences (RBHS)

2812-568: The College Avenue Campus." Most of the block had been occupied by the New Brunswick Theological Seminary . Rutgers agreed to rebuild the seminary in exchange for the land it gave up. In 2013, most of the University of Medicine and Dentistry of New Jersey was integrated with Rutgers University and, along with several existing Rutgers units, was reformed as Rutgers Biomedical and Health Sciences . This merger attached

2888-473: The Faculty of Arts and Sciences were merged into the new " School of Arts and Sciences " with one set of admissions criteria, curriculum, and graduation requirements. At this time, the liberal arts components of Cook College were absorbed into the School of Arts and Sciences as well, while the other aspects of that college remained, but as the School of Environmental and Biological Sciences. These changes in 2007 ended

2964-451: The Faculty of Arts and Sciences, separate standards for admission, good standing, and graduation continued for students, depending on which residential college they were enrolled in. In January 1987, around 2,800 non-teaching employees went on strike for increased salaries, which ended after nine days after an agreement with the administration was made. In 2007, Rutgers New Brunswick, Douglass, Livingston, and University Colleges, along with

3040-528: The Index of Leading Economic Indicators (LEI) becoming its main forecasting gauge. In 1969, Moore was appointed U.S. Commissioner of Labor Statistics, and took a four-year leave from the NBER. While Commissioner, he started the collection of additional statistics, including the Employment Cost Index. In 1973, Moore and Philip A. Klein began developing international leading indexes. In 1979, having retired from

3116-714: The NBER, Moore established the Center for International Business Cycle Research (CIBCR) at Rutgers University , moving it four years later to Columbia University . In February 1994, following a surprise rate hike, Chairman Greenspan testified in Congress that "anything that Geoffrey Moore does I follow closely," to which a Congressman replies, "No kidding." In 1995, Moore received the American Economic Association 's Distinguished Fellow Award. In 1996, Moore, with his protégés, Lakshman Achuthan and Anirvan Banerji, established

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3192-493: The School of Education in 1924. With the development of graduate education, and the continued expansion of the institution, the collection of schools became Rutgers University in 1924. Rutgers College continued as a liberal arts college within the university. Later, University College (1945) was founded to serve part-time, commuting students and Livingston College (1969) was created by the Rutgers Trustees, ensuring that

3268-682: The School of Public Health, Cancer Institute of New Jersey, Center for Advanced Biotechnology and Medicine, Environmental and the Occupational Health Sciences Institute, Brain Health Institute, and the Institute for Health, Health Care Policy, and Aging Research. The programs are offered at different location sites across New Jersey in New Brunswick, Newark, Blackwood, Stratford and Scotch Plains. As of 2015, Rutgers offered

3344-410: The U.S. economy had "unambiguously" entered a recession." In April 2009 ECRI said "The longest U.S. recession in more than a half-century will probably end before the summer is out." 2011-12 recession forecast : In September 2011, ECRI forecast a U.S. recession that never happened. Growth did slow sharply and was "about as weak as it could be without falling into recession." ECRI "had predicted that

3420-497: The University of Newark (1935) in 1946 and then the College of South Jersey and South Jersey Law School, in 1950. These two institutions became Rutgers University–Newark and Rutgers University–Camden , respectively. On September 10, 1970, after much debate, the board of governors voted to admit women into Rutgers College. There were setbacks in the growth of the university. In 1967, the Rutgers Physics Department had

3496-516: The college under the corporate name the trustees of Queen's College, in New-Jersey , named in honor of Queen Charlotte (1744–1818), and created both the college and the Queen's College Grammar School, intended to be a preparatory school affiliated and governed by the college. The Grammar School, today the private Rutgers Preparatory School , was a part of the college community until 1959. New Brunswick

3572-604: The cornerstone on April 27, 1809. Shortly after, the New Brunswick Theological Seminary , founded in 1784, relocated from Brooklyn , to New Brunswick, and shared facilities with Queen's College and the Queen's College Grammar School , and all three institutions were then overseen by the Reformed Church in America . During those formative years, all three institutions fit into Old Queens. In 1830, Queen's College Grammar School moved across

3648-671: The establishment of the Rutgers Scientific School, featuring departments of agriculture , engineering , and chemistry . The Rutgers Scientific School would expand over the years to grow into the New Jersey Agricultural Experiment Station (1880) and divide into the College of Engineering (1914) and the College of Agriculture (1921). Rutgers created the New Jersey College for Women in 1918, and

3724-516: The final six months of 2012 would register contraction. The first estimate of GDP growth came in at 1 ½% (that is, at an annual rate of 1 ½%). The fifth revision to that initial estimate, unveiled in July, pushed down the measured rate of growth to a quarter of 1%, about as close to shrinkage as a positive growth figure can be." 2015 : In October 2015, ECRI titled its international cyclical outlook "Broader Global Slowdown Ahead". Specifically, ECRI predicted

3800-496: The first African American and person of color to be named president of Rutgers . On April 9, 2023, three unions voted to go on the first strike by academics in the university's 257-year history, citing the lack of progress on contract talks between union representatives and university officials. As a result, classes and research were suspended until a tentative agreement was reached on April 15, 2023. Five months later, in September,

3876-678: The first-ever leading indicators of cyclical revival and recession. In 1958 to 1967, Moore, working with Julius Shiskin, developed the original composite index method, and the composite indexes of leading, coincident, and lagging indicators of the U.S. economy. In 1968, Moore gave over to the U.S. government the original composite leading, coincident, and lagging indexes, which the United States Department of Commerce adopted (and published regularly in Business Cycle Developments (BCD), soon renamed Business Conditions Digest), with

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3952-608: The following way as mandated by state law: 20 charter members (of whom at least three shall be women), 16 alumni members nominated by the nominating committee of the board of trustees, and five public members appointed by the governor of the state with confirmation by the New Jersey State Senate. Rutgers University has three campuses in New Jersey. The New Brunswick Campus, located in New Brunswick and adjacent Piscataway ,

4028-483: The independent Economic Cycle Research Institute (ECRI), which virtually all of their CIBCR colleagues then joined. Many economists claim that recessions cannot be predicted. A 63-country study of economists' predictions conducted by the International Monetary Fund concluded that their "record of failure to predict recessions is virtually unblemished." However, The Economist noted in 2005 that " ECRI

4104-563: The interests of ethnically diverse New Jersey students were met. Rutgers was designated the state university of New Jersey by acts of the New Jersey Legislature in 1945 and 1956. Although Rutgers thus became a public university, it still retains—as the successor to the private college founded and chartered in 1766—some important private rights and protections from unilateral state efforts to change its fundamental character and mission. The newly-designated state university absorbed

4180-472: The landscaped campus of Douglass College , a women's college that was traditionally paired with Rutgers, the College Farm, and additional grounds in adjacent Piscataway. Apart from the New Brunswick core, campuses at Rutgers University–Newark ; Rutgers University–Camden ; and Rutgers Biomedical and Health Sciences complete the university's main footprint. The university has additional facilities throughout

4256-481: The newly formed Rutgers Medical School hired major faculty members from other institutions. In 1971, the governor's office separated Rutgers Medical School from Rutgers University and made it part of New Jersey College of Medicine and Dentistry , and many faculty left the medical school, including the dean of the medical school, Dewitt Stetten, who later became the director of the National Institutes of Health. As

4332-485: The point of no return, beyond which it is not possible to shift away from the recession track." 2007-09 recession and recovery calls : In January 2008, it said Weekly Leading Index growth "has now dropped to a new six-year low. Even so, it is still possible for prompt policy action to help avert a recession". In March 2008, "the Economic Cycle Research Institute made its official call, stating that

4408-453: The same organization as "R2: Doctoral Universities – High research activity". U.S. News & World Report considers the New Brunswick campus of Rutgers University to be a "more selective" school in terms of the rigor of its admissions processes. For the Class of 2025 (enrolling fall 2021), the New Brunswick campus received 43,161 applications and accepted 29,419 (68.2%). The number enrolling

4484-518: The school had stabilized its finances during a period of uncertainty. For most of its existence, Rutgers was a private liberal arts college . It has evolved into a coeducational public research university since being designated the State University of New Jersey by the state's legislature in 1945 and 1956. Rutgers has several distinct campuses. Since colonial times, its historic core has been situated along College Avenue in New Brunswick, New Jersey . Rutgers University–New Brunswick also includes

4560-459: The sequential upturns in our leading indexes, it's logical that the S&;P 500 would turn up when it did, in late March". Geoffrey H. Moore Geoffrey Hoyt Moore (February 28, 1914 – March 9, 2000), whom The Wall Street Journal called "the father of leading indicators", spent several decades working on business cycles at the National Bureau of Economic Research , where he helped build on

4636-450: The several separate " residential colleges " (Rutgers, Douglass, Livingston, University, and Cook colleges) at Rutgers–New Brunswick. In 1982, under president Edward J. Bloustein , the liberal arts faculties of these five institutions were centralized into one college, the Faculty of Arts and Sciences, which itself had no students. The separate residential colleges persisted for students, and while instructors for classes were now drawn from

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4712-438: The standard definition of business cycles: "Business cycles are a type of fluctuation found in the aggregate economic activity of nations that organize their work mainly in business enterprises: a cycle consists of expansions occurring at about the same time in many economic activities, followed by similarly general recessions, contractions, and revivals which merge into the expansion phase of the next cycle; this sequence of changes

4788-538: The state government for direction and oversight caused the state to establish the Board of governors in 1956. Today, the board of governors maintains much of the corporate control of the university. The members of the board of trustees are voted upon by different constituencies or appointed. "Two faculty and two students are elected by the University Senate as nonvoting representatives. The 59 voting members are chosen in

4864-407: The state, including oceanographic research facilities at the Jersey Shore . Rutgers is a land-grant , sea-grant , and space-grant university, as well as the largest university in the state . Instruction is offered by 9,000 faculty members in 175 academic departments to over 45,000 undergraduate students and more than 20,000 graduate and professional students. The university is accredited by

4940-421: The street, and in 1856, the seminary relocated to a seven-acre (28,000 m ) tract less than one-half mile (800 m) away. After several years of closure resulting from an economic depression after the War of 1812 , Queen's College reopened in 1825 and was renamed "Rutgers College" in honor of American Revolutionary War hero Henry Rutgers (1745–1830). According to the board of trustees, Colonel Rutgers

5016-414: The tavern and held classes in private homes. Like many colleges founded in the U.S. during this time, Rutgers benefited from slave labor and funds derived from purchasing and selling slaves. Research undertaken at the university in the 2010s began to uncover and document these connections, including the university's foundation on land taken from the indigenous Lenape people. In its early years, due to

5092-470: The tradition of business cycle research established by Moore at the National Bureau of Economic Research (NBER) and the Center for International Business Cycle Research (CIBCR). In contrast to the NBER, ECRI sells cycle risk management services to the business community. It provides economic modeling, financial databases, economic forecasting , and market cycles services to investment managers , business executives, and government policymakers. Before there

5168-427: The university's faculty senate voted " no confidence " in Holloway; in addition to issues related to the strikes, the motion also cited Halloway's decision to dismiss the chancellor of the university's Newark campus and his proposal to merge the university's two medical schools. Since 1785, twenty-one men have served as the institution's president, beginning with Jacob Rutsen Hardenbergh , a Dutch Reformed minister who

5244-461: The work of his mentors, Wesley Clair Mitchell and Arthur F. Burns . Moore also served as commissioner of the Bureau of Labor Statistics from March 1969 to January 1973. In 1946 Moore was teaching statistics at New York University and one of his students was Alan Greenspan , later chairman of the Federal Reserve, who would tell The New York Times that Moore was "a major force in economic statistics and business-cycle research for more than

5320-450: The world to the celebration. Steven Van Zandt was the commencement speaker the following year and received an honorary doctorate. In November 2016, Rutgers released research findings that revealed: "an untold history of some of the institution's founders as slave owners and the displacement of the Native Americans who once occupied land that was later transferred to the college." In January 2020, Jonathan Holloway made history as

5396-408: Was 7,105; the yield rate (the percentage of accepted students who enroll) was 24.2%. The freshman retention rate is 94%, with 83.8% going on to graduate within six years. Of the 45% of the incoming freshman class who submitted SAT scores; the middle 50 percent Composite scores were 1240-1470. Of the 7% of enrolled freshmen in 2021 who submitted ACT scores; the middle 50 percent Composite score

5472-475: Was a Business Cycle Dating Committee to determine U.S. business cycle dates, Moore determined them on the NBER's behalf from 1949 to 1978, and then served as the committee's senior member until he died in 2000. Using the same approach, ECRI has long determined recession start and end dates for over 20 other countries that are widely accepted by academics and major central banks as the definitive international business cycle chronologies Archived August 6, 2020, at

5548-620: Was chosen as the location over Hackensack because the New Brunswick Dutch had the support of the Anglican population, making the royal charter easier to obtain. The original purpose of Queen's College was to "educate the youth in language, liberal, the divinity, and useful arts and sciences" and for the training of future ministers for the Dutch Reformed Church. In 1771, the college admitted its first students, which included

5624-472: Was honored because he epitomized Christian ethics . A year after the school was renamed, it received two donations from its namesake: a $ 200 bell still hanging from the cupola of Old Queen's and a $ 5,000 bond (equivalent to $ 135,000 in 2023) which placed the college on sound financial footing. Rutgers College became the land-grant college of New Jersey in 1864 under the Morrill Act of 1862 , resulting in

5700-486: Was originally called Queen's College , and was affiliated with the Dutch Reformed Church . It is the eighth-oldest college in the United States, the second-oldest in New Jersey (after Princeton University ), and one of nine colonial colleges that were chartered before the American Revolution . In 1825, Queen's College was renamed Rutgers College in honor of Colonel Henry Rutgers , whose substantial gift to

5776-478: Was responsible for establishing the college. Before 1930, most of the university's presidents were clergy affiliated with Christian denominations in the Reformed tradition (either Dutch or German Reformed, or Presbyterian ). Two presidents were alumni of Rutgers College— William H. S. Demarest (Class of 1883) and Philip Milledoler Brett (Class of 1892). The president serves in an ex officio capacity as

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