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Archives for: June 2011


Pittsburgh Business Times, 6/1/2011
Ales: Goods producers, manufacturing sluggish in jobs data
Goods producers and manufacturing appear to be having problems in job creation, says Laurence Ales, assistant professor of economics; Frank A. and Helen E. Risch Faculty Development Professorship in Business, AYs 2010-11 & 2011-12. Ales believes national employment data will reveal a slow recovery is continuing nationwide. URL for this article: http://www.bizjournals.com/pittsburgh/news/2011/06/01/pittsburgh-jobs-unemployment-report.html?page=2

Science News, 6/3/2011
Communication analyzed in questionable business dealings
Shady business dealings tend to transpire through a sparse wheel-and-spoke network rather than a highly connected web, according to research by Brandy Aven, assistant professor of organizational behavior & theory. An analysis of email by Enron employees shows that employees conveyed information much differently when working on questionable projects. URL for this article: http://www.sciencenews.org/view/generic/id/330731/title/Information_flow_can_reveal_dirty_deeds

Los Angeles Times, 6/3/2011
Meltzer: Gold standard idea doesnít have staying power
Even if the country returned to a gold standard, the idea wonít stick, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Scholars say such a move would slow the economyís already meager growth. URL for this article: http://www.latimes.com/la-fi-gold-standard-20110603,0,7289166.story

Pittsburgh Post-Gazette, 6/7/2011
Gaynor: Provider/insurer marriages not always the model of efficiency
While most economists believe vertical arrangements enhance efficiency, that hasnít always been the case in health care, says Martin Gaynor, E.J. Barone Professor of Economics and Health Policy. That is why there are so few provider-insurers such as the arrangement under consideration between Highmark and the West Penn Allegheny Health System. http://www.post-gazette.com/pg/11158/1151872-114-0.stm

Nature.com, 6/10/2011
Energy expertise a key takeaway from summit, says Apt
Expertise may be the key outcome of a summit held in Canada about alternative energy sources, says Jay Apt, professor of technology and executive director of Carnegie Mellon Electricity Industry Center. The Equinox Summit brought together a global group of scientists, policy experts and environmental leaders to discuss creation of a low-carbon energy system by 2030. URL for this article: http://www.nature.com/news/2011/110610/full/news.2011.362.html

Reuters, 6/14/2011
Anchoring of inflation expectations beginning to fray, Goodfriend says
The Federal Reserveís efforts to defend itself against building inflation expectations is a warning sign, says Marvin Goodfriend, professor of economics; chairman, The Gailliot Center for Public Policy. Goodfriend, who favors inflation targeting, says the anchoring of inflation expectations is beginning to fray. URL for this article: http://www.sharenet.co.za/news/Inflation_target_talk_heats_up_at_Fed/583acb4dd30b282d0e6aba4197fb84c4

Wall Street Journal, 6/15/2011
Meltzer: U.S. needs less spending, regulation; more efficiency
Under the current political climate, voters can choose between more social spending and a brighter future for generations to come, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer favors less social spending, less regulation, and more efficiency in the public and private sectors. URL for this article: http://online.wsj.com/article/SB10001424052702304432304576369933829499132.html?mod=googlenews_wsj

Bloomberg, 6/15/2011
Fed should announce inflation objective, Goodfriend says
The Federal Reserve would benefit by announcing an explicit inflation objective, says Marvin Goodfriend, professor of economics; chairman, The Gailliot Center for Public Policy. Goodfriend says the bank already has an implicit goal published quarterly via long-run forecasts, which is not a binding commitment. URL for this article: http://www.bloomberg.com/news/2011-06-15/fed-officials-said-to-discuss-adopting-explicit-inflation-target.html

Wall Street Journal, 6/16/2011
Goodfriend: Fed acted against deflation with QE2
The Federal Reserve successfully followed a path to act against deflation, says Marvin Goodfriend, professor of economics; chairman, The Gailliot Center for Public Policy. Less easy to gauge is how well the second round of quantitative easing, known as QE2, created jobs, he says. URL for this article: http://blogs.wsj.com/economics/2011/06/16/as-qe2-nears-end-economists-see-modest-achievement/?KEYWORDS=%22Carnegie+Mellon%22

Wall Street Journal, 6/17/2011
Meltzer: Jobs report Ďa big yawní
A report released by the Presidentís Jobs Council that offered interim recommendations for fixing unemployment was ďa big yawn,Ē says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. The report was written by CEOs Jeff Immelt of General Electric and Ken Chenault of American Express. URL for this article: http://online.wsj.com/article/SB20001424052702303499204576389832164245522.html

Bloomberg BusinessWeek, 6/22/2011
Meltzer: U.S. debt, potential for defaults by Greece create risks in U.S., European economies
Growth in U.S. government debt risks a second financial crisis, says Allan Meltzer, The Allan H. Meltzer University Professor of Poitical Economy. Meltzer adds that the potential for defaults by Greece may dim prospects for the European economy. URL for this article: http://www.businessweek.com/news/2011-06-22/grains-plunge-as-favorable-weather-reviving-u-s-europe-crops.html

Bloomberg Television, 6/22/2011
Meltzer discusses Fed balance sheet, strategies for restoring growth
Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy, talked about the Federal Reserve's balance sheet and his prescription for restoring economic growth by cutting government spending and regulation. Meltzer spoke with Tom Keene on Bloomberg Television's "Surveillance Midday." URL for this item: http://www.bloomberg.com/video/71273778/

Associated Press, 6/25/2011
Grid test makes sense, says Apt
A test of the nationís electric grid makes sense and should not cause too much of a hassle, says Jay Apt, professor of technology and executive director of Carnegie Mellon Electricity Industry Center. The test, which is tentatively set for mid-July, would allow more frequency variation than it does now without corrections. URL for this article: http://www.fosters.com/apps/pbcs.dll/article?AID=/20110625/GJLIFESTYLES/110629672/-1/FOSLIFESTYLES02

Pittsburgh Post-Gazette, 6/26/2011
Gaynor: Competition in health insurance is beneficial
Although some people might have to separate their traditional insurer from their longtime provider amid a merger between Highmark and West Penn Allegheny Health System, that competition could be good, says Martin Gaynor, E.J. Barone Professor of Economics and Health Policy. Barone says Highmark and UPMC do not face enough competition, which impacts price as well as quality of care. URL for this article: http://www.post-gazette.com/pg/11177/1156342-114.stm

China Daily, 6/29/2011
Meltzer: Timing not right for a European head of IMF
Although he thinks Christine Lagarde has been a capable finance minister in the French government, a European should not head the International Monetary Fund right now, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer believes the IMF needs to avoid further entanglement in European Central Bank problems. URL for this article: http://www.chinadaily.com.cn/usa/epaper/2011-06/29/content_12801190.htm

Smart Money, 6/30/2011
Galak: Sustainable trend in charitable giving for wedding gifts
A trend in which couples request charitable donations in lieu of wedding gifts is sustainable, says Jeff Galak, assistant professor of marketing. Thatís because couples are older and wealthier when they get married now and tend to live together before marriage, so they donít need as many household items or cash to start them off. URL for this article: http://www.smartmoney.com/spend/deal-of-the-day/out-toasters-in-giving-to-charity-1309408371679/

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