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Archives for: March 2007

Pittsburgh Business Times, 3/2/2007
Professor: Reduction in energy demand offers brightest hope
Demand reduction strategies such as using energy-efficient appliances and compact fluorescent bulbs offer the greatest hope for conservation, according to Jay Apt, Executive Director, Electricity Industry Center; Associate Research Professor in Engineering and Public Policy. Apt is the co-author of a recently published study, Competitive Energy Options for Pennsylvania.

Pittsburgh Post-Gazette, 3/3/2007
Tepper School student serving as operations chief on business plan competition entry
Second-year MBA student Adil Wali is helping to put the finishing touches on, a site that uses artificial intelligence to create virtual personal assistants, in time to debut at a business plan competition in San Francisco. Wali, who is the operations director, is working with Tepper School alumnus R.F. Culbertson, who is the co-founder and president of the 7-month-old firm.

The Tartan, 3/5/2007
Tepper students spend spring break building homes for needy
Tepper undergraduates are headed to Florida for spring break armed with hammers and tool belts. Amanda Yue, a junior business major and spring break coordinator for Carnegie Mellon’s Habitat for Humanity chapter, says the trips are an “amazing experience.”

The Brunei Times, 3/7/2007
Alan Greenspan: Enough with the forecasts?
Former Federal Reserve Chief Alan Greenspan is making a mistake in offering his recent economic forecasts, which run counter to those of incumbent Chairman Ben Bernanke, according to Allan Meltzer, the Allan H. Meltzer University Professor of Political Economy. Meltzer says the forecasts undercut the people who are at the Fed now.

Woodland Progress, 3/7/2007
Professor urges voters to defeat state’s Act 1
Stephen Spear, Professor of Economics and chairman of the Woodland Hills School Board’s tax study commission, is urging board members and residents to vote down a state law requiring districts to offer a referendum shifting tax burdens from homeowners. Spear says the law, known as Act 1, is a “very bad approach to property tax relief.”

Pittsburgh Business Times, 3/9/2007
Combination of academics, industry professionals make Tepper unique
The Tepper school is unique as a research-oriented business school, says R. Ravi, Associate Dean, Intellectual Strategy; Professor of Operations Research and Computer Science; Director, Center for Analytical Research in Technology. Tenured track faculty teach even basic first-level classes that typically are taught by adjunct faculty in larger schools.

Wall Street Journal, 3/13/2007
Some MBAs returning home to China to take advantage of booming economy
Though a new generation of MBA students are returning to their native China to take advantage of a booming economy, some still prefer to spend a year or two working in the U.S. to gain firsthand knowledge of Western business practices. Zhou Yu, an MBA and computational finance student at the Tepper School, has accepted a job at Citigroup in New York, even though he and his wife hope to return to their families in Beijing within a few years.

Associated Press, 3/13/2007
CMU, Fargo officials weighing partnership
City and business leaders from Fargo, N.D., met with representatives from the Center for Business Solutions about options for a partnership. Mayor Dennis Walaker described the talks as productive and said they may one day lead to a Carnegie Mellon presence at the North Dakota State University technology park.

Newark Star-Ledger, 3/13/2007
U.S. remains biggest consumer of imported oil
Though some economists blame China and India for driving up the cost of petroleum products, the United States remains by far the biggest consumer and needs to curtail its thirst, says Lester Lave, Harry B. and James H. Higgins Professor of Economics and University Professor; Director of Green Design; Co-Director, Carnegie Mellon Electricity Industry Center. Lave believes motorists would think twice about buying SUVs if they lived in Europe and paid $5.50 to $6 for a gallon of gas.

Tribune-Review, 3/14/2007
Nation’s power supply is vulnerable, says expert
No sector of the nation’s power system is completely safe from a terrorist attack, although electricity substations are the most vulnerable, according to M. Granger Morgan, co-director of the Electricity Industry Center. At the Tepper School’s Conference on the Electricity Industry, Morgan said rapid restoration of the system is critical.

Pittsburgh Post-Gazette, 3/14/2007
New models needed for power supply
In the coming decades, new models for electricity generation, transmission, distribution and consumption will be necessary to maintain an adequate power supply, says Marija Ilic, a professor in engineering and public policy, electrical and computer engineering. Ilic was one of more than a dozen presenters in the first day of a two-day electricity industry conference at the Tepper School.

Bloomberg, 3/15/2007
Nobel Prizewinner does not stress the cost of acquiring information
Nobel Prizewinner Robert Lucas and his cohorts heavily emphasize the benefits of information and inflation expectations in economic decision-making, but do not stress the costs of acquiring that information, says Allan Meltzer, the Allan H. Meltzer Professor of Political Economy. On the other hand, Meltzer says that lack of emphasis does not make the role of inflation expectations less important, “it just makes it noisy.”

Pittsburgh Business Times, 3/15/2007
Lambert to assume president’s job at MSA in mid-2008
William Lambert, who earned his MSIA from the Tepper School in 1990, has been named president and chief operating officer of Mine Safety Appliances Co. Lambert, president of the company’s North American division since 2003, will succeed John Ryan III in mid-2008, when Ryan turns 65.

Pittsburgh Post-Gazette, 3/15/2007
Tepper School undergrads start Web-based marketplace
Two Tepper School undergraduates, along with two other Carnegie Mellon students, have launched a free Web-based marketplace where businesses can advertise goods and services and connect with customers. Mark Tressler and Will Lutz are two of the names behind, which has 1,500 subscribers and is still growing.

Jewish Daily Forward, 3/16/2007
Debt relief makes sense, but not for the reasons you think
The notion of canceling debt for developing nations -- part of a push by Jubilee USA, which has proposed legislation that it hopes to see introduced in Congress this month – is really just a call for a massive increase in aid, according to Adam Lerrick, The Friends of Allan H. Meltzer Chair in Economics; Director of the Gailliot Center for Public Policy. Lerrick says international lending institutions should write off the debt not for charitable reasons, but because they are simply worthless.

Detroit Free Press, 3/19/2007
Tepper alum accepts post at Black Rock, leaves Ford
Ann Marie Petach, MSIA 1984, has resigned from her post as vice president and treasurer at Ford Motor Co. to accept a high-ranking position at Black Rock, Inc., in New York. Petach joined Ford in 1984 as a financial analyst in the electronics division and played a crucial role in overseeing the automaker’s more than $25 billion financing package.

CNN Money, 3/19/2007
Seed-improvement company wins Sustainable Technology Award at McGinnis Venture Competition
A start-up that harnesses seed-improvement technology to help China’s farmers has won the Sustainable Technology Award at the Tepper School’s McGinnis Venture Competition. The technology used by Dr. Seed blasts soybean, corn, and other grain seeds with light from a plasma-quartz bulb to help them withstand drought and stave off diseases, yielding more crops for farmers.

The Associated Press, 3/19/2007
Maryland demonstrates side effects of electricity deregulation
Maryland is an example of the unintended, negative side effects that deregulation had on the state’s electricity market, according to Lester Lave, Harry B. and James H. Higgins Professor of Economics and University Professor; Director of Green Design; Co-Director, Electricity Industry Center. If Maryland’s electricity rates hadn’t been frozen in 1999, rates would have grown gradually instead of all at once, Lave says.

Pittsburgh Tribune-Review, 3/19/2007
Agriculturally beneficial technology wins award at McGinnis Venture Competition
Technology that exposes seeds to a blast of light from a plasma-quartz bulb won the first Sustainable Technology Award at the Tepper School’s international McGinnis Venture Competition. The business using that technology believes it will help Chinese farmers increase crop yield and reduce seed-borne disease.

Pittsburgh Post-Gazette, 3/20/2007
Tensions common in family-owned business
Parents who work for their children in family-owned businesses need to accept the role of employee and the experience of undergoing training, says Denise Rousseau, H.J. Heinz II Professor of Organizational Behavior and Public Policy. Rousseau says acceptance of training shows the parent is willing to adapt and wants to work well in the business.

Congressional Quarterly, 3/26/2007
Standardized design may contain costs of building nuclear reactors
If enough utilities accept the standardized design of a nuclear reactor, the reactor’s manufacturer might be able to keep construction costs reasonable, says Jay Apt, executive director of Carnegie Mellon University’s Electricity Industry Center. Companies run into trouble when they incur up-front costs from the point where they sign the contract to when the first power is generated.

Fox News, 3/26/2007
World Bank lowers fees to the point of losing money
The World Bank is lowering its fees to compete with the markets, to the point of actually losing money, according to Adam Lerrick, The Friends of Allan H. Meltzer Chair in Economics and Director of the Gailliot Center for Public Policy. An analysis Lerrick conducted for the American Enterprise Institute found that the bank loses between $100 million and $500 million per year on its loans.

Pittsburgh Post-Gazette, 3/29/2007
PNC-funded Tepper School chair part of strategy to retain talent
A new chair of computational finance at the Tepper School, funded through a $1 million donation from PNC, is part of the Financial Services Group’s efforts to keep talented financial minds in Pittsburgh. PNC has designed a new recruitment program aimed at preparing the next generation for leadership.

U.S. News and World Report, 3/30/2007
Soft skills important, but the hard stuff is crucial
While MBA candidates get a strong dose of soft-skills training at the Tepper School, Dean Kenneth Dunn cautions that analytical skills are also crucial. Dunn notes that if schools cut back on core subjects such as accounting, finance, and marketing to focus on more qualitative learning, the United States will be at a competitive disadvantage because it will have to outsource analysis to the rest of the world.

The Guardian, 3/30/2007
Fed unlikely to allow further inflation, says Goodfriend
Federal Reserve Chairman Ben Bernanke understands economic history and theory, and has a style that differs from his data-vigilant predecessor, Alan Greenspan, according to Marvin Goodfriend, Professor of Economics. Goodfriend, a former colleague of Bernanke, says inflation is the biggest worry for the U.S. economy, and he believes the Fed will not allow it to go any further.

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