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Archives for: February 2011


Business News Network, 2/2/2011
Meltzer discusses Fed on Canadian TV
Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy, appeared on Canada’s Business Television News Network. He said he thinks Fed Chairman Ben Bernanke is desperate about not having a strategy for unwinding all the stimulus he put into the system. URL for this article: http://www.bnn.ca/News/2011/2/2/Bernanke-conference-sign-of-desperation-Meltzer.aspx

Bloomberg Radio, 2/2/2011
Goodfriend appears on Bloomberg Radio
Marvin Goodfriend, professor of economics; chairman, The Gailliot Center for Public Policy, appeared on Bloomberg Radio's "The Hays Advantage" program. He discussed Federal Open Market Committee dissents. No URL is available for this broadcast.

Wall Street Journal, 2/5/2011
Meltzer recommends strategies to combat inflation
Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy, says it’s a mistake to expect that the U.S. will escape the inflation that is now rising throughout the world. He believes the Federal Reserve should increase the short-term interest rate to 1 percent, announce a specific plan for reducing excess reserves held by banks, and end QE2. URL for this article: http://online.wsj.com/article/SB10001424052748704709304576124033729197172.html?mod=googlenews_wsj

Philadelphia Inquirer, 2/6/2011
Apt: To cut CO2, more coal is needed
Ironically, it takes coal to cut carbon-dioxide emissions at coal-fired power plants. According to Jay Apt, professor of technology and executive director of the Carnegie Mellon Electricity Industry Center, running the CO2 capture equipment would require use of about 15 percent more coal. URL for this article: http://www.bendbulletin.com/apps/pbcs.dll/article?AID=/20110206/NEWS0107/102060318/1011/BIZ01&nav_category=BIZ01

Science News Daily, 2/8/2011
Apt: Study demonstrates airplane interference from cell phones
Jay Apt, professor of technology and executive director of the Carnegie Mellon Electricity Industry Center, was part of a study that demonstrated interference with airplane flight systems from personal devices such as cell phones. The group also conducted a survey of the Aviation Safety Reporting System, a database maintained by NASA that lets pilot file anonymous reports about flight-safety problems and near misses. URL for this article: http://www.securitynewsdaily.com/how-dangerous-are-cell-phones-on-a-plane-0499/

Climate Change, 2/8/2011
Apt: Wind power sometimes requires backups, which affects cost parity
While wind is the most competitive of all low-carbon power sources, it does sometimes require massive transmission line projects and backup generators to smooth out variability, says Jay Apt, professor of technology and executive director of the Carnegie Mellon Electricity Industry Center. The claim of cost parity does not include these costs. URL for this article: http://www.climatecentral.org/news/renewable-cost-parity-is-wind-competitive-with-gas/

Christian Science Monitor, 2/10/2011
Meltzer suggests goal-setting strategy for Fed
Texas Congressman Ron Paul is calling for greater transparency in the Federal Reserve, but he’s on the wrong track, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Instead, Meltzer proposes a system in which the Fed would announce its unemployment-inflation goals for two or three years, and if those are not achieved, the central bank’s leadership could be asked to resign. URL for this article: http://www.csmonitor.com/Commentary/David-R.-Francis/2011/0210/Fed-basher-Ron-Paul-should-focus-on-outcome-not-process

Philadelphia Inquirer, 2/14/2011
Epple: Jury is still out on school vouchers
The jury is still out on the impact of school vouchers, according to Dennis Epple, Thomas Lord Professor of Economics; Head, B.S. Economics Program. Epple urged Pennsylvania policymakers to require careful data collection to allow independent researchers to examine the issue. URL for this article: http://articles.philly.com/2011-02-14/news/28534166_1_voucher-programs-school-vouchers-voucher-advocates

Associated Press, 2/15/2011
Goodfriend: U.S. is ‘in the danger zone’
It’s not known when markets might react negatively to the U.S. budget deficit, but “we are absolutely in the danger zone,” says Marvin Goodfriend, professor of economics; chairman, The Gailliot Center for Public Policy. Economists fear a domino effect if it’s no longer cost effective for the government to borrow money and finance deficits. URL for this article: http://news.ino.com/headlines/?newsid=68976686666711

Pittsburgh Tribune-Review, 2/18/2011
Meltzer: Inflation is more problematic in the future
The problem with inflation lies in the future, not the present, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer says inflation can be felt not just in food and fuel prices, but also in raw materials, such as lumber, which will ultimately affect the housing market. URL for this article: http://www.pittsburghlive.com/x/pittsburghtrib/business/s_723466.html

Financial Times, 2/25/2011
Study: Transparency could help muni bond woes
Dealing with the huge cost of illiquidity could help address the fiscal problems in U.S. states and municipalities, according to a new analysis coauthored by Rick Green, Richard M. and Margaret S. Cyert Chair; Professor of Financial Economics. Green says a lack of transparency makes bonds harder to trade, and the lack of liquidity means they yield as much as 1.1 percentage points more than they otherwise would. URL for this article: http://www.ft.com/cms/s/0/5ed217f4-408c-11e0-9140-00144feabdc0.html#axzz1EyqLVJdA

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