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Archives for: May 2009


Electric Light & Power, 5/2/2009
Lave: Future of power requires stamina
The future of power will require stamina, 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 advises against focusing on the price of electricity, which he says is bound to increase. URL for this article: http://uaelp.pennnet.com/Articles/Article_Display.cfm?Section=ARTCL&PUBLICATION_ID=22&ARTICLE_ID=358890&C=Depar&dcmp=rss

News Guide, 5/2/2009
Apt: Banning coal plants will prompt high use of other fuels
Banning coal plants could cause the use of other fuels to skyrocket, according to Jay Apt, Executive Director of Carnegie Mellon Electricity Industry Center, Associate Research Professor, Distinguished Service Professor in Engineering and Public Policy. In a study with fellow researcher Adam Newcomer, Apt found that use of natural gas increased dramatically. URL for this article: http://www.newsguide.us/education/science/Coal-Plant-Ban-May-Not-Curb-Climate-Change/

New York Times, 5/3/2009
Meltzer warns of return to 1970s-level inflation
If President Obama and the Federal Reserve continue their current course of action, the United States could return to the high inflation era of the 1970s, warns Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer says the inflation of that decade came from the Fed promoting expansion, printing money and making it easier for businesses and households to borrow. URL for this article: http://www.nytimes.com/2009/05/04/opinion/04meltzer.html?_r=1

Washington Examiner, 5/8/2009
Meltzer: Inflation warning signs persist
Large budget deficits, rapid growth in the money supply and the prospect of a sustained currency devaluation all point to inflation, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer’s warning comes despite some signs of improvement in the economy. URL for this article: http://www.washingtonexaminer.com/opinion/columns/IrwinStelzer/Bernanke-may-need-Rosy-Scenarios-help-to-stem-inflation-44580632.html

The Weekly Standard, 5/8/2009
Meltzer outlines signs of inflation
The inflation rate is almost 3 percent, which Allan Meltzer, The Allan Meltzer University Professor of Political Economy, calls “a sure sign of inflation.” Meltzer says enormous budget deficits, rapid growth in the money supply, and the prospect of a sustained currency devaluation are all signs pointing toward inflation. URL for this article: http://www.weeklystandard.com/Content/Public/Articles/000/000/016/475bzhpu.asp

Philadelphia Inquirer, 5/8/2009
Experts: Autoworkers having easier time than steelworkers did
Presidents Bush and Obama have drastically different approaches to the steel and auto industries, 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 and other experts say unionized autoworkers are having an easier time now than steelworkers did earlier in the decade. URL for this article: http://www.philly.com/inquirer/business/20090510_Auto_industry_faring_better_than_steel_did_under_Bush.html

WTAE-TV, 5/8/2009
Lave: Unplug appliances to save on energy bill
By unplugging energy-using appliances instead of just turning them off, a family could save about $10 a month, 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 a plasma TV is the biggest offender. URL for this article: http://www.thepittsburghchannel.com/money/19410244/detail.html

Gulf Times, 5/12/2009
Qatar meeting discusses HR strategies
A meeting of industry executives and university faculty discussed strategic human resources management at Carnegie Mellon University in Qatar. Mark Fischman, Associate Professor of Organizational Behavior and Theory, called the meeting an exciting opportunity. URL for this article: http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=290178&version=1&template_id=36&parent_id=16

Delaware Online, 5/13/2009
Lave: Certification less important than other home features
Getting green certification is less important than having a house with several major energy-efficient features, 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. He suggests good insulation, modern windows, and light-reflecting roofs as examples. URL for this article: http://www.delawareonline.com/article/20090513/BUSINESS/905130348&referrer=FRONTPAGECAROUSEL

All Africa, 5/13/2009
Kydland presents talk on food security issues
Finn Kydland, The Richard P. Simmons Distinguished Professorship, University Professor of Economics, and 2004 Nobel Laureate, offered a presentation at a summit designed to address food security and poverty issues. Kydland’s presentation was titled “Impact of Trade Liberalization on Food Security and Malnutrition Abatement.” URL for this article: http://allafrica.com/stories/200905140082.html

Money News, 5/14/2009
Meltzer: Inflation a looming problem if Fed doesn’t act now
The Federal Reserve should pull back on its massive easing program to avoid a surge in inflation, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer says he is not worried about inflation tomorrow, but rather two years from now. URL for this article: http://moneynews.newsmax.com/headlines/raise_rates_inflation/2009/05/14/214406.html

Addict3D.org, 5/26/2009
Automotive industry needs to ‘swing for the fences,’ says Klepper
A radical reconfiguration may be the only way the American automotive industry can survive, according to some experts. Steven Klepper, Arthur Arton Hamerschlag Professor of Economics and Social Science, Social and Decision Sciences, College of Humanities and Social Sciences and Joint Appointment at Tepper School of Business, says the industry will have to “swing for the fences.” URL for this article: http://www.addict3d.org/news/629067/Beyond+Detroit:+On+the+Road+to+Recovery,+Let+the+Little+Guys+Drive.html

CQ Today Online News, 5/27/2009
Meltzer criticizes stimulus bill as being about redistribution, not recovery
The federal stimulus bill does not have much to do with recovery, but rather deals with redistribution, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer faults President Obama for allowing Congress to funnel stimulus money to short-term projects like building roads instead of investing in projects promoting long-term growth. URL for this article: http://www.cqpolitics.com/wmspage.cfm?docID=news-000003125647

Kahleej Times, 5/27/2009
Study analyzes store-within-a-store concept
The presence of stores-within-a-store, meaning sales staff from competing brands promote their products in the same retail store, can suggest the weakness of a retailer or dominance of a manufacturer, according to a study co-written by Kinshuk Jerath, Assistant Professor of Marketing. However, the study also suggests that the store-within-a-store arrangement commonly occurs at power retailers. URL for this article: http://www.khaleejtimes.com/biz/inside.asp?xfile=/data/marketing/2009/May/marketing_May29.xml§ion=marketing

All Things Considered, 5/28/2009
Meltzer: Rising interest rates a sign of long-term trouble
Investors are beginning to take on a little more risk, which is a good sign, according to Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. However, Meltzer also cautions that rising interest rates are also an indicator of long-term economic trouble. URL for this article: http://news.opb.org/article/npr/104679066-higher_interest_rates_spur_economic_concerns/

Pittsburgh Post-Gazette, 5/29/2009
Spatt: G-20 signals importance of global economic, financial issues
The G-20 summit indicates that international economic and financial issues are of the utmost importance, says Chester Spatt, Pamela R. and Kenneth B. Dunn Professor of Finance; Director, Center for Financial Markets. The G-20 summit is scheduled to take place in Pittsburgh in September. URL for this article: http://www.post-gazette.com/pg/09149/973576-82.stm

World Energy Source, 5/30/2009
Lave: Falling gas prices would undo vehicle efficiency strides
Automaker efforts to make smaller vehicles could disappear in a moment if gas prices fall far enough, 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 if prices fall, consumers will not want to buy more fuel-efficient cars. URL for this article: http://www.worldenergysource.com/wes/stores/1/The-Perfect-Storm-P552C61.aspx

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