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For copies of articles in their entirety, please contact Barbara Donehue at 412-268-9885.


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Archives for: July 2007


Whirl, 7/1/2007
Tepper alumnus makes list of Pittsburgh’s Top 20 Bachelors & Bachelorettes
Luke Skurman, who has been recognized by Fast Company Magazine and BusinessWeek, is getting a different kind of recognition as one of Whirl Magazine’s top 20 bachelors and bachelorettes in Pittsburgh. Skurman, who earned his undergraduate degree from the Tepper School in 2007, was also named one of Inc. Magazine’s top 30 entrepreneurs under 30.

Inc.com, 7/1/2007
Walking the fine line between business and pleasure
For CEOs, the boundary between business and personal lives can be very blurry, says Denise M. Rousseau, H.J. Heinz II Professor of Organizational Behavior and Public Policy. That ambiguity can cause tension when employees don’t appreciate perks such as weekly lunches.

Financial Times, 7/5/2007
India needs no assistance from the World Bank, Meltzer says
India has a large capital influx and is accumulating foreign exchange reserves, so it does not need World Bank assistance, says Allan Meltzer, the Allan H. Meltzer University Professor of Political Economy. Nonetheless, the bank approved a record $3.8 billion in lending to India during the financial year that ended June 30th.

Minneapolis Star-Tribune, 7/10/2007
Alum turns debt into profitable business
A 1997 alumnus of the Tepper School has grown PartsZone, a Minneapolis-based company with an unusual niche, from $13 million in sales in 2004 to $18 million last year. Shirish Pareek stumbled on the company in 2003 when a friend he met at Carnegie Mellon owned a business that was deep in debt that he was looking to sell.

Pittsburgh Post-Gazette, 7/10/2007
Undervalued yuan may be contributing to U.S. industry’s pessimism
The latest China-U.S. trade talks ended with little progress on the key issue of the undervalued yuan, writes David Blanchard, an MBA candidate at the Tepper School. Blanchard suggests that the immense competitive advantage the yuan creates for Chinese manufacturers may be feeding pessimism among industry leaders in the United States.

VOAnews.com, 7/10/2007
World Bank should not lend to middle-income countries, Lerrick says
The World Bank has refused to change as dramatically as the rest of the world in the past 30 years, and is now totally marginalized in the world economy, says Adam Lerrick, The Friends of Allan H. Meltzer Chair in Economics and Director of the Gailliot Center for Public Policy. Lerrick believes the bank should stop lending to successful middle-income countries like China.

Pittsburgh Post-Gazette, 7/11/2007
Writing off problem customers can benefit the rest of us
When companies winnow out customers who run about their costs with excessive demands, it sometimes benefits the rest of their clientele, says Peter Boatwright, Associate Professor of Marketing. The latest example is wireless provider Sprint Nextel Corp., which disconnects service to subscribers who it clams called the customer service line hundreds of times a month.

Inside Product Strategy, 7/11/2007
SaaS: Poised to revolutionize small business?
Robert Monroe, Visiting Lecturer, Information Technology and Computer Science, has been tracking the evolution of Software as a Service, or SaaS. The business model is poised to revolutionize small business and consumer applications just as it has transformed the IT function of large enterprises over the last several years.

Wall Street Journal, 7/13/2007
Lerrick on list of financial advisers to Sen. John McCain
Adam Lerrick, The Friends of Allan H. Meltzer Chair in Economics and Director of Gailliot Center for Public Policy, is among the economists who are serving as advisers to Sen. John McCain. McCain is seeking the Republican presidential nomination.

mensnewsdaily.com, 7/17/2007
Meltzer: Dollar likely to continue declining long-term
The U.S. dollar is weak because of the United States’ rising external deficit, explains Allan H. Meltzer, the Allan H. Meltzer University Professor of Political Economy. In the long term, the dollar is like to decline in value because the nation invests more than it saves, Meltzer says.

Marketwatch, 7/17/2007
Lack of education is key to rising income inequality
The failure of the education system to train workers is the key reason for rising income inequality, according to Allan Meltzer, the Allan H. Meltzer University Professor of Political Economy. Meltzer argues that with better training, more workers would be able to take advantage of the opportunities of the economy, but Congress has been debating the education system since the 1960s “without making serious progress,” he adds.

Global Envision, 7/19/2007
Exchange rate may hamper sound monetary policy for China
In order to avoid repeating the painful boom-and-bust cycle it endured in the mid-1990s, China needs a truly independent monetary policy oriented to domestic objectives, according to Marvin Goodfriend, Professor of Economics. China’s current monetary policy is hamstrung by the tightly managed exchange-rate regime, which prevents the country’s central bank from taking appropriate policy actions to manage domestic demand.

Bloomberg, 7/19/2007
Meltzer: Fed should not react to one-time price changes
Oil price increases are a tax on consumers and producers, but not monetary events, according to Allan H. Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer believes central banks such as the Federal Reserve should not respond by raising interest rates to reduce growth of the money supply.

Associated Press, 7/19/2007
Spatt to leave SEC, return to Tepper School
After serving three years as the chief economist for the Securities and Exchange Commission, Chester Spatt is stepping down and returning to the Tepper School, where he is the Mellon Bank Professor of Finance and Director of the Center for Financial Markets. While at the SEC, Spatt conducted analyses of the impact of securities regulations, touching on almost every area of securities law.

Wall Street Journal, 7/21/2007
More regulation is not the answer for hedge funds
Although Congress is about to propose new rules governing hedge funds, more regulation is not the answer, according to Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer says it is far better to change some incentives for excessive risk-taking.

Supply & Demand Chain Executive, 7/24/2007
EIO: One step ahead in supply chain management
Multi-stage inventory optimization is a top priority in supply chain management, according to Sridhar Tayur, The Ford Distinguished Research Chair Professor and Professor of Operations Management and Manufacturing. Tayur reports that enterprise inventory optimization (EIO) is a step beyond, using inventory optimization as an enterprise asset and shaping it into a core competency that the organization can call upon as it grows.

Pittsburgh Tribune-Review, 7/24/2007
Apt praises Westinghouse acquisition as ‘forward-thinking’
Westinghouse Electric’s acquisition of a South African company that develops alternative nuclear power technology is a very forward-thinking step, according to Jay Apt, Executive Director of the Electricity Industry Center; Associate Research Professor; Distinguished Service Professor in Engineering and Public Policy. Apt says the pebble bed technology of a proposed South African facility in which Westinghouse is a partner has the potential to deal with proliferation, one of the great problems associated with nuclear power.

USA Today, 7/25/2007
Hybrid cars promising in effort to cut pollution
Plug-in hybrid cars are the most promising technology available for saving fuel and cutting pollution, says Lester Lave, Harry B. and James H. Higgins Professor of Economics and University Professor, Director of Green Design; Co-Director, Electricity Industry Center. Toyota is launching the first public tests of the cars, which use electric motors that can be recharged from standard home outlets.

Pittsburgh Post-Gazette , 7/29/2007
Electricity Industry Center praises use of long-term, fixed-rate contracts with utilities
A new law allowing utilities and the top tier of energy consumers to negotiate long-term, fixed-rate contracts has the blessing of a team led by Jay Apt, Executive Director, Electricity Industry Center; Associate Research Professor; Distinguished Service Professor in Engineering and Public Policy. Apt says such an arrangement gives distributors the security of locking in major customers while providing an incentive for new generation and access to capital.

Associated Press, 7/30/2007
Tepper grad to lead Chicago Fed
The Federal Reserve Bank of Chicago has named Tepper School of Business alumnus Charles Evans as its next president, with a term beginning Sept. 1. Evans, who earned his MSIA in 1985 and his PhD in 1989, is well respected for his research on inflation, financial market prices and measuring the impact of monetary policy on economic activity in the United States.

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