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Archives for: May 2011


International Business Times, 5/3/2011
Meltzer: Gold standard does not work for one country alone
The gold standard does not work for one country alone, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer says the problem is the bad paper money corrupts the good. URL for this article: http://au.ibtimes.com/articles/140276/20110503/gold-and-silver-report-a-brush-with-death.htm

Reuters, 5/3/2011
New Fed policymaker unlikely to call for stimulus exit
The Federal Reserve’s newest policymaker, John Williams, is unlikely to call for a quick exit from Fed monetary stimulus, experts say. Bennett McCallum, H. J. Heinz Professor of Economics, says Williams has been moving more toward the “easy-money position.” URL for this article: http://www.wtaq.com/news/articles/2011/may/03/feds-newest-policymaker-seen-siding-with-bernanke/

Pittsburgh Tribune-Review, 5/7/2011
More job seekers in the pool, professor says
Businesses that are hiring right now are optimistic about their short-term prospects, says Nicolas Petrosky-Nadeau, assistant professor of economics. Petrosky-Nadeau says more unemployed people could be jumping back into the pool of job-seekers. URL for this article: http://www.pittsburghlive.com/x/pittsburghtrib/business/s_735900.html

Wall Street Journal, 5/9/2011
Meltzer: BlackRock should reveal valuation method for troubled assets
BlackRock, the asset manager that is helping the government address troubled assets acquired during the financial crisis, should reveal its secretive valuation process, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer says the methods the firm uses to calculate the portfolio of those assets will show what the cost of those assets will be to taxpayers. URL for this article: http://online.wsj.com/article/SB10001424052748704810504576305622245675588.html?mod=googlenews_wsj

Moneyweb.com, 5/10/2011
Crisis possible if China or Japan sell dollar debt, Meltzer says
Having the world’s reserve currency gives the U.S. a huge advantage when issuing debt, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. However, he adds that a crisis could occur if China or Japan starts selling dollar debt, or if the dollar collapses instead of declining. URL for this article: http://www.moneyweb.co.za/mw/view/mw/en/page292681?oid=536765&sn=2009+Detail&pid=287226

Pittsburgh Post-Gazette, 5/11/2011
Gaynor: Patient satisfaction surveys misleading when assessing hospital quality
Patient survey information can be misleading when assessing the quality of a hospital, says Martin Gaynor, E.J. Barone Professor of Economics and Health Policy. Gaynor says several studies show little or no correlation between patient satisfaction, which is highly subjective, and the actual quality of clinical care. URL for this article: http://www.post-gazette.com/pg/11131/1145544-28-0.stm

Pittsburgh Tribune-Review, 5/11/2011
Meltzer receives Bradley Prize
Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy, was one of four people to receive the 2011 Bradley Prize. The prize, which includes a $250,000 stipend, is awarded by the Lynde and Harry Bradley Foundation of Milwaukee. URL for this article: http://www.pittsburghlive.com/x/pittsburghtrib/business/s_736637.html

Pittsburgh Tribune-Review, 5/15/2011
Meltzer: Unemployment rate not affected by moderate economic growth
Economic growth has had little effect on the unemployment rate, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer notes that rising gas and food costs do not help employment numbers rise. URL for this article: http://www.pittsburghlive.com/x/pittsburghtrib/opinion/columnists/s_737010.html

Poughkeepsie Journal, 5/16/2011
Cofield: Evaluations necessary to teacher improvement
Though assessments may sometimes sting, they encourage teachers to improve, says Milton Cofield, executive director, B.S. in Business Administration Program; teaching professor of business management. Cofield serves on New York’s Board of Regents, which is fast-tracking a teacher evaluation system for that state. URL for this article: http://www.poughkeepsiejournal.com/article/20110516/NEWS02/110516041/State-speeds-up-tweaks-teacher-evaluation-system?odyssey=tab|topnews|text|PoughkeepsieJournal.com

Reuters, 5/18/2011
Meltzer: Fed too concerned with the near term
The Federal Reserve recently has been too concerned about the near term and too responsive to Wall Street day traders, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Critics worry that Fed Chairman Ben Bernanke’s recent policies constitute a form of moral hazard that will compel more central bank intervention if stocks fall. URL for this article: http://www.reuters.com/article/2011/05/18/us-markets-fed-qe-idUSTRE74H6GW20110518

Marketplace (Public Radio), 5/27/2011
Gaynor: Young people will need to change attitudes toward health insurance
The success of health care reform will hinge in part on changing young people’s attitudes toward insurance, says Martin Gaynor, E.J. Barone Professor of Economics and Health Policy. When today’s graduates turn 26, they will either have insurance through their employers or be legally required to buy it for themselves. URL for this broadcast: http://marketplace.publicradio.org/display/web/2011/05/27/remember-sunscreen--and-your-health-insurance/

Financial Times, 5/30/2011
Internet companies difficult to price, Green says
Internet companies based on new technology are difficult to value, says Rick Green, Richard M. and Margaret S. Cyert Chair; professor of financial economics. Green says banks must price conservatively to ensure a deal’s success because such companies tend to go public much earlier in their life cycle, when success is more uncertain. URL for this article: http://presscuttings.ft.com/presscuttings/s/3/viewPdf/48134248

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