Website Accessiblity

Tepper In The News

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


Archives | Current Clips

Archives for: February 2009


Pittsburgh Tribune-Review, 2/1/2009
Boni: Venture capital still a challenge in Pittsburgh
A key challenge to obtaining venture capital in Pittsburgh is that open innovation may not always be embraced, says Arthur A. Boni, John R. Thorne Chair of Entrepreneurship; Associate Teaching Professor of Entrepreneurship; and Director, Donald H. Jones Center for Entrepreneurship. Boni chalks that up to paranoia of possibly losing companies to other innovative regions. URL for this article: http://mohavestbank.portalvault.com/default.aspx?pageMode=control&pageModeType=NewsArticleControl&pageModeParam=&storyId=126038587

Black Enterprise Magazine, 2/1/2009
Tepper School alumnus named one of magazine’s ‘100 Most Powerful’
A Tepper School alumnus has been named one of Black Enterprise magazine’s 100 most powerful executives in corporate America. Eric Butler, who earned an MSIA in 1986, is the vice president and general manager of industrial products for Union Pacific. This article can be found online by using the ProQuest database available to Carnegie Mellon users via this link: http://proquest.umi.com/pqdweb?did=1631636581&sid=1&Fmt=3&clientId=3259&RQT=309&VName=PQD

Bloomberg, 2/2/2009
Goodfriend: Interest rates affect monetary policy opinions
While there is broad agreement on monetary policy proper, there are mixed opinions when interest rates are at or near zero, says Marvin Goodfriend, Professor of Economics; Chairman, The Gailliot Center for Public Policy. Goodfriend says academics and central bankers have not had a longstanding conversation under those circumstances to think about credit policies. URL for this article: http://www.bloomberg.com/apps/news?pid=20601087&sid=aHuXvKnAJoh8&refer=home

Reuters, 2/2/2009
Fed could become politicized, warns Goodfriend
Some experts are concerned about the Federal Reserve’s ability to remain an independent central bank. If Congress is unhappy with the Fed, the central bank’s economic judgment could become politicized, suggests Marvin Goodfriend, Professor of Economics; Chairman, The Gailliot Center for Public Policy. URL for this article: http://meltwaternews.com/prerobot/sph.asp?iscrawler=yes&pub=BT&sphurl=www.businesstimes.com.sg/sub/latest/story/0,4574,316926,00.html?

NPR, 2/4/2009
Miller: Taxpayers unlikely to benefit from executive pay restrictions
Focusing on greedy corporate executives will distract policymakers from the bigger goal of reviving the economy, says Robert Miller, Professor of Economics and Strategy. Miller says taxpayers are unlikely to see much benefit from rules restricting what executives from subsidized companies can earn. URL for this broadcast: http://www.npr.org/templates/story/story.php?storyId=100272809

BusinessWeek, 2/5/2009
Use work experience to refine post-MBA goals
Would-be MBA students should consider taking on work projects that test the waters of functions that might interest them in their post-business school careers, says James Frick, Director of Operations and Recruiting for the Tepper School. Frick says the assignments can help applicants refine career goals and provide fodder for application essays and interviews. URL for this article: http://www.businessweek.com/bschools/content/feb2009/bs2009025_563066.htm?chan=top+news_top+news+index+-+temp_business+schools

Associated Press, 2/5/2009
Goodfriend appears on AP podcast
Marvin Goodfriend, Professor of Economics; Chairman, The Gailliot Center for Public Policy, appeared on The Associated Press’ “Inside Business” podcast. A URL for this podcast is unavailable. For a copy of the audio file, please contact Barbara Feldman.

Newsweek, 2/6/2009
Meltzer: “Stagflation” on the horizon for U.S.
The United States will be facing big inflation due to slashed interest rates and the surge of government spending, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer predicts the country will return to 1970s-style “stagflation.” URL for this article: http://www.newsweek.com/id/183611

Bloomberg, 2/8/2009
Goodfriend: Fed must establish credit policy boundaries
The Federal Reserve needs to establish boundaries on the credit-policy side between itself and the government, says Marvin Goodfriend, Professor of Economics; Chairman, The Gailliot Center for Public Policy. Goodfriend points out that no accord protects the Fed’s credit policies from misuse the way the 1951 Accord protects monetary policy. URL for this article: http://www.app.com/article/20090208/BUSINESS/902080319/-1/NEWS10

Washington Post, 2/9/2009
Meltzer: Fed’s sacrifice of independence a ‘disaster’
The Federal Reserve has sacrificed its independence, which has been a disaster, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer says the Fed is creating a system of credit allocation, which should be done through fiscal and not monetary policy. URL for this article: http://www.washingtonpost.com/wp-dyn/content/story/2009/02/06/ST2009020604241.html

Forbes, 2/9/2009
Bernanke may have changed perspective somewhat, says Goodfriend
It’s possible that Federal Reserve Chairman Ben Bernanke may have experienced incremental changes in his perspective, says Marvin Goodfriend, Professor of Economics; Chairman, The Gailliot Center for Public Policy. Lawmakers were expected to grill Bernanke on his reaction to Treasury Secretary Timothy Geithner’s plan. URL for this article: http://www.forbes.com/2009/02/09/ben-bernanke-fed-economy-business-washington-0210_bernanke.html

Securities Regulation and Law Report, 2/9/2009
Spatt: Over-reliance on credit ratings was problematic
Over-reliance on credit ratings was a huge source of systemic risk in the marketplace, says Chester Spatt, Pamela R. and Kenneth B. Dunn Professor of Finance; Director, Center for Financial Markets. Spatt also cites the corresponding failure of asset managers to do enough independent due diligence. A URL for this article is not available. For a complete copy of the text, please contact Barbara Feldman.

United Press International, 2/10/2009
Antiquated electric grid makes renewable energy expensive to transmit
The nation’s antiquated electric grid makes it expensive to transport renewable energy long distances, says Lester Lave, Harry B. and James H. Higgins Professor of Economics and University Professor, Director of Green Design; Co-Director, Electricity Industry Center. Lave says the transmission itself would more than double the cost of moving the electricity across the country. URL for this article: http://www.breitbart.com/article.php?id=upiUPI-20090210-164758-9649&show_article=1

Bloomberg TV, 2/10/2009
Goodfriend appears on Bloomberg TV
Marvin Goodfriend, Professor of Economics; Chairman, The Gailliot Center for Public Policy, appeared on Bloomberg TV’s “In Focus”, a weekday business news program. He was interviewed by host Deirdre Bolton and provided analysis regarding the proposed next steps for the Federal bailout and to remarks made by U.S. Treasury Secretary Timothy Geithner. URL for this broadcast: http://www.bloomberg.com/avp/avp.htm?N=video&T=Goodfriend%20Says%20Fed%20Has%20to%20Be%20Independent%20Amid%20Bank%20Aid%20&clipSRC=mms://media2.bloomberg.com/cache/vYhlqo75DoM0.asf

CNN, 2/10/2009
CNN interviews Goodfriend
Marvin Goodfriend, Professor of Economics; Chairman, The Gailliot Center for Public Policy, was interviewed by CNN’s Mary Snow regarding the state of the banking industry during the initial weeks of the Wall Street crisis. He also discussed how the first bailout was necessary to stabilize the institutions. A URL for this broadcast is unavailable.

Dow Jones Newswire, 2/10/2009
Lave compares costs for coal, wind, and solar-generated power
The cost of power generation at a new coal plant is about 12 cents per kilowatt-hour when carbon dioxide storage is factored in, says Lester Lave, Harry B. and James H. Higgins Professor of Economics and University Professor, Director of Green Design; Co-Director, Electricity Industry Center. That compares to about 16 cents/kwh for offshore wind and 30 cents/kwh for solar. URL for this article: http://news.morningstar.com/newsnet/ViewNews.aspx?article=/DJ/200902101336DOWJONESDJONLINE000667_univ.xml

Power, 2/11/2009
Lave: Let all technologies compete, not just renewables
Lester Lave urged a Senate committee to focus on reducing carbon dioxide emissions with a carbon portfolio standard instead of singling out renewables as the answer. Lave, Harry B. and James H. Higgins Professor of Economics and University Professor; Director, Carnegie Mellon Green Design Initiative; Co-Director, Carnegie Mellon Electricity Industry Center, says all technologies should compete. URL for this article: http://www.powermag.com/POWERnews/1717.html

Reason.com, 2/11/2009
Meltzer: Stimulus package lacks attention to consequences
Allan Meltzer says a lack of attention to medium- and long-term consequences is one of the biggest problems he sees in the stimulus package. Meltzer, The Allan H. Meltzer University Professor of Political Economy, does like the plan’s extension of unemployment benefits, tax subsidy to homebuyers, and some of the permanent tax cuts. URL for this article: http://reason.com/news/show/131632.html

Pittsburgh Tribune-Review, 2/11/2009
Meltzer: No bank is too big to fail
The stock market’s reaction to the economic rescue plan was as negative as Allan Meltzer’s. Meltzer, The Allan H. Meltzer University Professor of Political Economy, says the government needs to get rid of the notion that some banks are too big to fail. URL for this article: http://www.tmcnet.com/usubmit/2009/02/11/3979814.htm

Fast Company, 2/12/2009
Apt offers high praise for NextEra Energy Resources
NextEra Energy Resources is the most data-driven utility that Jay Apt has seen. Apt, Executive Director of Carnegie Mellon Electricity Industry Center, Associate Research Professor, Distinguished Service Professor in Engineering and Public Policy, says the utility’s wind-control center in Juno Beach, Florida, is “state of the art.” URL for this article: http://www.fastcompany.com/fast50_09/profile/list/nextera-energy-resources

Biomass Magazine, 2/12/2009
Lave: Focus more on reducing carbon emissions
In testimony to a Senate committee, Lester Lave urged Congress to place more focus on the reduction of carbon-emissions, tighten the definition of efficiency and eliminate the limit on its contribution. Lave is the Harry B. and James H. Higgins Professor of Economics and University Professor; Director, Carnegie Mellon Green Design Initiative; Co-Director, Carnegie Mellon Electricity Industry Center. URL for this article: http://www.biomassmagazine.com/article.jsp?article_id=2426

Earth2Tech, 2/12/2009
Lave: Direct-current transmission lines differ from highways
High-voltage direct-current transmission lines, while efficient for long distances, aren’t designed to drop off electricity along the way, explains Lester Lave, Harry B. and James H. Higgins Professor of Economics and University Professor; Director, Carnegie Mellon Green Design Initiative; Co-Director, Carnegie Mellon Electricity Industry Center. Lave says the grid is part of the national infrastructure, but differs from a highway in who uses it, and therefore in who should coordinate and pay for it. URL for this article: http://earth2tech.com/2009/02/12/beneath-the-push-for-a-national-grid-eminent-domain-battle-brews/

Reuters, 2/12/2009
Meltzer: Banks should get government funds only if they also can raise their own cash
Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy, proposes allowing banks access to government funds only if they can first raise an equivalent sum on their own. If not, they should have to go to bankruptcy court, with their competitors free to snap up any worthwhile assets at bargain prices. URL for this article: http://www.hudson.org/index.cfm?fuseaction=publication_details&id=6014

BusinessWeek, 2/13/2009
Goodfriend comments on effects of bailout on small business
Marvin Goodfriend, Professor of Economics; Chairman, The Gailliot Center for Public Policy, commented on BusinessWeek’s question: Should small business get a bailout? Goodfriend’s position was that the hundreds of billions of dollars that the government is spending to keep credit markets open helps small companies. URL for this article: http://www.businessweek.com/magazine/content/09_62/s0902067774795.htm

NBC, 2/18/2009
Meltzer: Greenspan not responsible for meltdown
Low interest rates under Alan Greenspan did spur too much borrowing, but the former Federal Reserve chairman is not to blame for the economic meltdown, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer says other people were the ones who decided to buy assets that later defaulted. URL for this article: http://www.nbcchicago.com/news/us_world/The_maestro_and_the_meltdown.html

The American, 2/20/2009
Meltzer: Keynes believed in the need for investor confidence
Eminent economist John Maynard Keynes was convinced that maintaining high levels of investor confidence was necessary to avoid depressions, according to Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Low confidence stemmed from radical uncertainty due to speculation inherent in financial markets, especially the stock exchange. URL for this article: http://www.american.com/archive/2009/february-2009/taking-the-name-of-lord-keynes-in-vain

Strategy + Business, 2/21/2009
Meltzer: No Depression comparisons please
Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy, is impatient with comparisons between the current economic crisis and the Great Depression. However, he says the Federal Reserve is eroding its credibility. URL for this article (subscription required to view entire text): http://www.strategy-business.com/press/article/08409?gko=a6e22

WMNY-AM, 2/21/2009
Goodfriend comments on need to stabilize banks
Marvin Goodfriend, Professor of Economics; Chairman, The Gailliot Center for Public Policy, gave an interview that aired during the newscasts on WMNY “Money Talk Radio” 1360AM in Pittsburgh. The segments were focused on the economy and the need to stabilize banks and to define a strategy to secure the “toxic” paper in the banking system. No URL is available.

Pittsburgh Tribune-Review, 2/22/2009
Career changers pursue MBA from many backgrounds
Justin Krauss, a one-time actor who decided to pursue his MBA at the Tepper School after enjoying his day job as an investment banker, is an example of many career-changers in the program. Students arrive from diverse backgrounds, according to Mark Burd, the school’s Director of Public Relations. URL for this article: http://www.pittsburghlive.com/x/pittsburghtrib/s_612150.html

Gulf Times, 2/22/2009
Tepper School helps Qatar initiative in management education and research
Qatar Foundation president Mohamed Fathy Saoud says the Tepper School is its most important partner in an initiative to launch a center of excellence in management education and research. The foundation recently announced that it is bringing in two European partners for the collaborative effort. URL for this article: http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=274765&version=1&template_id=57&parent_id=56

Pittsburgh Tribune-Review, 2/22/2009
Meltzer: Pittsburgh economy better off than many in recession
Although economists predict the nation’s economy may not recover until after 2009, development in the Pittsburgh region is expected to continue. That’s because after losing much of its industry in the 1970s and early 1980s, Pittsburgh’s economy has been based on education and health industries, and so has not had much large shock, according to Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. URL for this article: http://www.pittsburghlive.com/x/pittsburghtrib/business/s_612347.html

Baltimore Sun, 2/24/2009
Lave: Deregulation responsible for Maryland rate increases
Some of the skyrocketing electricity rate increases in Maryland reflect higher prices locked in last summer under long-term contracts, says Lester Lave, Harry B. and James H. Higgins Professor of Economics and University Professor; Director, Carnegie Mellon Green Design Initiative; Co-Director, Carnegie Mellon Electricity Industry Center. Consumers can expect more volatility in their bills due to deregulation, Lave says. URL for this article: http://www.baltimoresun.com/business/bal-te.bz.utility24feb24,0,339311.story

Baltimore Sun, 2/24/2009
Energy efficiency can help consumers facing rate increases, says Lave
Consumers facing huge electricity rate increases can make a difference through energy efficiency, says Lester Lave, Harry B. and James H. Higgins Professor of Economics and University Professor; Director, Carnegie Mellon Green Design Initiative; Co-Director, Carnegie Mellon Electricity Industry Center. Examples include sealing up cracks around windows and doors to eliminate drafts. URL for this article: http://weblogs.baltimoresun.com/business/consuminginterests/blog/2009/02/skyrocketing_utility_bills.html

McClatchy Newspapers, 2/24/2009
Goodfriend: Think twice about increasing government intervention
Lawmakers should think carefully about expanding government intervention even if it appears to fix today’s problem, says Marvin Goodfriend, Professor of Economics; Chairman, The Gailliot Center for Public Policy. Goodfriend says investors might steer clear of industries that appear at risk of such intervention. URL for this article: http://www.thenewstribune.com/904/story/637199.html

Bloomberg Radio, 2/25/2009
Goodfriend discusses deflation on Bloomberg Radio
Marvin Goodfriend, Professor of Economics; Chairman, The Gailliot Center for Public Policy, gave an hour-long interview to Tom Kean of Bloomberg Radio. The topic was deflation. URL for this podcast (scroll down for link to listen/download): http://www.bloomberg.com/tvradio/podcast/ontheeconomy.html

KDKA-TV2, 2/25/2009
Lave: Newspapers being replaced by Internet
The physical delivery of a newspaper to the doorstep is outdated, says Lester Lave, Harry B. and James H. Higgins Professor of Economics and University Professor; Director, Carnegie Mellon Green Design Initiative; Co-Director, Carnegie Mellon Electricity Industry Center. Lave says the Internet has largely replaced the need for newspapers. URL for this broadcast (includes link to video): http://kdka.com/local/newspapers.economy.Pittsburgh.2.944153.html

Foreign Affairs, 2/25/2009
Geoengineering may be needed as emergency measure, scientists say
As climate change accelerates, policymakers may have to consider engineering the climate — a practice known as “geoengineering” — as an emergency strategy to cool the planet. That’s the finding of a group of scientists, including Jay Apt, Executive Director of Carnegie Mellon Electricity Industry Center, Associate Research Professor, Distinguished Service Professor in Engineering and Public Policy. URL for this article: http://www.foreignaffairs.org/20090301faessay88206/david-g-victor-m-granger-morgan-jay-apt-john-steinbruner-katharine-ricke/the-geoengineering-option.html

Bloomberg, 2/25/2009
Volcker, Geithner likely to clash, Meltzer says
Paul Volcker, whose group is charged with providing the Obama administration with an outside perspective on regulation, is pushing the most far-reaching proposals for controlling Wall Street. Volcker and Treasury Secretary Timothy Geithner are likely to clash, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. URL for this article: http://www.bloomberg.com/apps/news?pid=20601208&sid=aLhs5Byln00k&refer=finance

Archives | Current Clips

Primary Navigation

Follow the Tepper School:

You Tube Tepper on iTunes Linked In Facebook Twitter

Media Contact

Mark D. Burd

Director of Public Relations

Tepper School of Business
Carnegie Mellon University
5000 Forbes Ave.
Pittsburgh, Pa. 15213-3890

Tel: 412-268-3486
mdburd@andrew.cmu.edu
Fax: 412-268-7824

Footer Navigation