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Archives for: February 2012


Sacramento Bee, 2/5/2012
Spatt: Pittsburgh scared off by parking privatization in Chicago
Chester Spatt, Pamela R. and Kenneth B. Dunn Professor of Finance, says public officials in Pittsburgh were skeptical about privatizing parking because of the way a similar effort panned out in Chicago. In that case, meter rates soared, some machines failed to work and the deal was seen as a public relations nightmare. URL for this article: http://www.sacbee.com/2012/02/05/4239958/big-cities-cautious-about-privatizing.html#storylink=cpy

Pittsburgh Tribune-Review, 2/12/2012
Gayle: “Mancession” slower to hit Pittsburgh
Because Pittsburgh had already started shifting from manufacturing to service industry jobs, the percentage of men out of work was initially not that severe, says George-Levi Gayle, associate professor of economics and strategy. The so-called “mancession” refers to the fact that more men are unemployed than women, a trend experts attribute to a loss in manufacturing jobs, which are traditionally dominated by men. URL for this article: http://www.pittsburghlive.com/x/pittsburghtrib/news/s_781230.html?_s_icmp=NetworkHeadlines

Associated Press, 2/12/2012
Apt: Hedging won’t work forever on oil and gas price drops
Oil and gas companies know how to use hedging to smooth price drops, but that tool doesn’t work forever, says Jay Apt, professor of technology and executive director of Carnegie Mellon Electricity Industry Center. Apt says if the boom in natural gas supply collides with a surge in demand, price volatility could return. URL for this article: http://www.chron.com/news/article/Drillers-cut-natural-gas-production-as-prices-drop-3306310.php

New York Times, 2/13/2012
Wind farms could be threatened by hurricanes
Hurricanes could destroy a significant number of wind turbines along the Atlantic and Gulf coasts, according to a study coauthored by Jay Apt, professor of technology and executive director of Carnegie Mellon Electricity Industry Center. Turbines are designed to harness wind, but they can be severely damaged by too much of it. URL for this article: http://green.blogs.nytimes.com/2012/02/13/will-hurricanes-topple-u-s-wind-turbines/?ref=energy-environment

Newsworks, 2/20/2012
Apt: Hurricane risks to wind turbines varies by geography
While there is some risk to offshore wind turbines posed by hurricanes, that varies according to location, says Jay Apt, professor of technology and executive director of Carnegie Mellon Electricity Industry Center. Apt says while risk exists everywhere, it’s less prevalent in New Jersey than in hurricane hotspots such as Galveston, Texas. URL for this article: http://www.newsworks.org/index.php/local/item/34229-little-risk-from-hurricanes-for-wind-farms-off-nj-coast

Forbes, 2/21/2012
Lave: Companies scoff at energy efficiency savings
Companies are uninterested in energy efficiency strategies unless they get an annual return of at least 40 percent on their investment, according to a 2010 interview given by the late 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 said the average return on assets in American industry is about 12 percent per year, which explains why many companies won’t make them. URL for this article: http://www.forbes.com/sites/ericagies/2012/02/21/five-ways-to-rein-in-rogue-capitalism/

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