Tepper In The News

For copies of articles in their entirety, please contact Barbara Feldman at 412-268-9885.

Gulf Times, 11/8/2009
Emerson exploring entrepreneurship in different cultures for new book
S. Thomas Emerson, David T. and Lindsay J. Morgenthaler Professor of Entrepreneurship, is writing a book comparing entrepreneurial effectiveness in different countries and cultures. Emerson says he hopes to understand what distinguishes entrepreneurship among different regions and what lessons can be learned from them. URL for this article: http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=324966&version=1&template_id=36&parent_id=16

New York Times, 11/6/2009
Study explains why and when consumers are most likely to buy warranties
A study co-authored by Baohong Sun, Carnegie Bosch Professor of Marketing, explores why consumers purchase extended warranties. The study, which appears in the latest issue of the Journal of Consumer Research, finds that people are more likely to buy warranties for products they purchase for pleasure, not practical reasons. URL for this article: http://www.nytimes.com/2009/11/08/business/08every.html?scp=1&sq=%22Carnegie+Mellon%22&st=nyt

Marketplace, 10/30/2009
Meltzer says White House ‘jobs saved’ claims are misleading
White House numbers indicating the number of jobs saved by its stimulus program are misleading, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer says nobody really knows how to measure the number of jobs saved. URL for this article: http://marketplace.publicradio.org/display/web/2009/10/30/pm-stimulus-jobs/

Bloomberg, 10/30/2009
Routledge: D’Souza’s exit from Citadel is problematic
The decision by Rohit D’Souza to leave Citadel Investment Group is problematic because investment banking is a business built on relationships, says Bryan Routledge, associate professor of finance. Routledge described D’Souza’s decision as a “setback” for the hedge fund firm. URL for this article: http://www.bloomberg.com/apps/news?pid=20601103&sid=aUw.5blABlpU

American Banker, 10/29/2009
Meltzer: Don’t give Fed more authority
It would be a mistake to give the Federal Reserve more authority or responsibility, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. He says multipurpose agencies usually fail to perform any of their tasks well, and the Fed is not an exception. http://www.iddmagazine.com/news/reform-spotlight-takes-systemic-shift-199226-1.html

Financial Post, 10/28/2009
Routledge: Was Galleon’s alleged scheme the result of arrogance, or tip of the iceberg?
Bryan Routledge, associate professor of finance, is puzzled by the paltry $20 million in profits that hedge fund Galleon is alleged to have made by using inside information. Routledge suggests that arrogance or a larger-scale plan might explain the relatively low return on a high-risk scheme. URL for this article: http://www.montrealgazette.com/business/fp/Galleon+scandal+widens/2156116/story.html

CNBC, 10/27/2009
Meltzer: Fed not serious about fighting inflation
Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy, appeared on CNBC to discuss the possibility of the U.S. heading into a new financial crisis. Meltzer says the Federal Reserve lacks a serious anti-inflation policy. URL for this video clip: http://www.cnbc.com/id/15840232?video=1310074472&play=1

Jurist, 10/27/2009
Meltzer: Bankers are scapegoats of Congress, administration
Congress and the administration are making scapegoats out of bankers when the real culprit in the economic crisis is failed policy, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer says most bank compensation arrangements should be changed, but are not the major reason for the crisis. URL for this article: http://jurist.law.pitt.edu/hotline/2009/10/compensation-regulation-obscures-role.php

Bloomberg, 10/27/2009
Profits high on sale of bonds sold by Beaver County
A 5 percent increase in first-day trading of bonds sold by Beaver County is “insanely high,” according to Rick Green, Richard M. and Margaret S. Cyert Chair; professor of financial economics. Green says that’s true even in a market where localities often receive less from underwriters than investors are willing to pay. URL for this article: http://www.bloomberg.com/apps/news?pid=20601087&sid=aLac7yoZtq4E

MarketWatch, 10/27/2009
Routledge: Alleged profits in arrest of hedge fund founder were small
The alleged profits that led to arrests including the founder of Galleon Group were surprisingly small, says Bryan Routledge, associate professor of finance. Routledge is analyzing whether illegal activity can be spotted by analyzing hedge-fund firms. URL for this article: http://www.marketwatch.com/story/galleon-charges-shine-harsh-light-on-hedgers-2009-10-27?pagenumber=1

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