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Archives for: November 2009


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

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

BusinessWeek, 11/9/2009
Entrepreneurship is a frame of mind, says Boni
The new MBA lifestyle embraces nitty-gritty entrepreneurship, some experts say. Art Boni, John R. Thorne Chair of Entrepreneurship; Associate Teaching Professor of Entrepreneurship; and Director, Donald H. Jones Center for Entrepreneurship, says entrepreneurship is more than a job title: It’s a frame of mind. URL for this article: http://www.businessweek.com/bschools/content/nov2009/bs2009116_435189.htm

Pittsburgh Post-Gazette, 11/12/2009
Tepper School shares new Research Cafe
The Tepper School and the H. John Heinz III College are sharing the new Research Café, a 1,700-square-foot lab on the second floor of Fifth Avenue Place in downtown Pittsburgh. The lab offers refreshments and a chance at gift cards for people who donate their spare time to participate in a survey. URL for this article: http://www.post-gazette.com/pg/09316/1012823-298.stm

New York Post, 11/17/2009
Meltzer pokes fun at debate partner Eliot Spitzer
Former New York Governor Eliot Spitzer got a slight jab at a debate, courtesy of Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer said, "Many years ago, I started to tell people capitalism without failure is like religion without sin. Gov. Spitzer's going to talk about that." URL for this article: http://www.nypost.com/p/news/local/debate_pal_zaps_spitz_KfNZnjBsHqwRKs7y8qLuvL

Bloomberg, 11/17/2009
Goodfriend interviewed by Bloomberg
Marvin Goodfriend, professor of economics and chairman of The Gailliot Center for Public Policy, spoke with Bloomberg's Tom Keene and Ken Prewitt about Federal Reserve monetary policy. Goodfriend referred to increased power for the Federal Reserve as a “Trojan horse.” URL for this file: http://www.bloomberg.com/apps/news?pid=20602012&sid=a5QyeS8jLr2c

Thomson Reuters, 11/17/2009
Goodfriend: Fed debate over bigger, more permanent footprint
There is a lively debate about whether the Fed should extinguish its reserves or permanently maintain a larger balance sheet, according to Marvin Goodfriend, professor of economics; director, The Gailliot Center for Public Policy. Goodfriend, a former director of research at the Richmond Fed, says the questions is whether there should be a bigger central bank footprint on a permanent basis. URL for this article: http://www.forbes.com/feeds/afx/2009/11/17/afx7130265.html

City Journal, 11/18/2009
Meltzer debates merits of Obama’s economic policies
The United States needs to use its resources more wisely so it can repay its foreign debt, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. In a debate over President Obama’s economic policies, he said he thinks an investment program, as opposed to a consumption/bailout program, would have helped the private sector increase exports. URL for this article: http://www.city-journal.org/2009/eon1118ng.html

Wall Street Journal, 11/19/2009
Meltzer defines leadership in debate
Leadership means getting people to do things they don’t want to do, according to Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. In a debate in New York over President Obama’s economic policies, Meltzer says leadership does not involve blaming Congress or past administrations for problems that existed when you took office. http://online.wsj.com/article/SB10001424052748704204304574545733826430664.html

New York Times, 11/19/2009
Apt explains growth in use of electricity
Growth in use of electricity has been exponential from the 1950s until about 1973, according to Jay Apt, executive director of Carnegie Mellon Electricity Industry Center, associate research professor, distinguished service professor in engineering and public policy. Apt says part of the reason for the dropoff at that time was that by 1973, the country had basically finished air-conditioning itself, and the economy was becoming more deindustrialized. URL for this article: http://www.nytimes.com/2009/11/19/business/energy-environment/19SURPLUS.html

American Banker, 11/24/2009
Goodfriend: More regulation could mitigate ‘too big to fail’ problems
The prospects of a two-tiered banking sector, and systemically risky behavior, could be mitigated if institutions thought to be too big to fail are regulated more heavily, says Marvin Goodfriend, professor of economics; director, The Gailliot Center for Public Policy. Goodfriend believes taxpayers must be protected, but thinks politicians do not have the appetite to seriously deal with the problem. URL for this article: http://www.americanbanker.com/usb_issues/119_12/why-too-big-to-fail-fallout-could-slow-gdp-1004230-1.html?id=meltclick

Bloomberg, 11/25/2009
Goodfriend: Financial markets doing better than expected
Financial markets are faring much better than many observers might have expected, says Marvin Goodfriend, professor of economics; director, The Gailliot Center for Public Policy. Goodfriend says in opening the discussion about interest rates, the Federal Reserve is now telling markets not to overdo it. URL for this article: http://www.bloomberg.com/apps/news?pid=20602014&sid=atWoGngEpam4

Bloomberg, 11/27/2009
Meltzer: Congress has ammo to attack Fed
Congress has a lot of public support for an attack on the Federal Reserve, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer says that’s because the central bank bailed out so many private companies. URL for this article: http://www.bloomberg.com/apps/news?pid=20601068&sid=afv5iA_lPTUw

Bloomberg, 11/29/2009
Tax on financial transactions bad for markets, says Meltzer
A tax on financial transactions would harm markets, says Allan Meltzer, the Allan H. Meltzer University Professor of Political Economy. Meltzer says most trading is for efficiency, so it doesn’t make sense to make markets less accessible. URL for this article: http://www.bloomberg.com/apps/news?pid=20601109&sid=aZxk6z7R4V5I&pos=10

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