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Archives for: July 2010


Market Place, 7/1/2010
Meltzer: Consumers want answers, not rhetoric
Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy, says the Obama administration needs to offer a clear plan to control spending and encourage businesses to invest in new jobs. Meltzer says consumers want to hear answers, not rhetoric. URL for this article: http://marketplace.publicradio.org/display/web/2010/06/30/pm-the-presidents-economic-game-plan/

CNN, 7/1/2010
Not all of the radio spectrum is heavily congested, professor notes
Although the entire radio spectrum is currently allocated, not everyone is using their assigned space very intensively, says Marvin Sirbu, professor of engineering and public policy; electrical and computer engineering and joint appointment at the Tepper School of Business. The Obama administration this week directed the FCC to free up more public airwaves to prevent congestion from wireless devices. URL for this article: http://www.wibw.com/nationalnews/headlines/97616234.html

NPR, 7/2/2010
Government should cut corporate taxes, announce deficit reduction plan, says Meltzer
The government should address the deficit by announcing a plan for bringing it down, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. He says there should also be stimulus, not in the form of spending, but rather in the form of cuts to corporate taxes. URL for this article: http://www.scpr.org/news/2010/07/02/finding-middle-ground-in-the-economic-debate/

Pittsburgh Tribune-Review, 7/3/2010
Gaynor: Hospital moves probably done, for now
Recent layoffs and closings for the West Penn-Allegheny Health System were “major, drastic moves,” says Martin Gaynor, E.J. Barone Professor of Economics and Health Policy. He surmises that if the system were planning any further moves, they probably would have made them. URL for this article: http://www.pittsburghlive.com/x/pittsburghtrib/news/health/s_688862.html

Pittsburgh Post-Gazette, 7/5/2010
Gaynor: Other hospitals could experience cutbacks
Other major urban hospitals could follow West Penn Allegheny Health System’s lead in laying off substantial amounts of workers in an effort to cut costs. Martin Gaynor, E.J. Barone Professor of Economics and Health Policy, says it’s unclear how intense the cutbacks will be and how fast it will happen. URL for this article: http://www.post-gazette.com/pg/10186/1070489-53.stm?cmpid=newspanel4

Pittsburgh Post-Gazette , 7/7/2010
Lave: Pittsburgh sitting on a glut of power capacity
Steel mills used so much power that Pittsburgh now has far more generating capacity than it needs, 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 does caution, however, that the power grid is interconnected, and failure in one region can cause widespread outages in other cities. URL for this article: http://www.post-gazette.com/pg/10188/1070913-258.stm

Pittsburgh Tribune-Review, 7/7/2010
Meltzer: Bad news on taxes is better than no news
Without knowing whether they’ll have to pay higher taxes in 2011, businesses and investors are uncertain about how to spend their money, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer says people would rather hear bad news than no news. URL for this article: http://www.americanchronicle.com/articles/yb/147104885

Bloomberg TV, 7/8/2010
Meltzer discusses fiscal policy on Bloomberg TV
Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy, spoke with Bloomberg Television’s Margaret Brennan about the U.S. economy and fiscal policy. Meltzer says the country needs a genuine problem to deal with unemployment and debt simultaneously, and he believes large budget cuts and tax reduction will accomplish these goals. URL for this video clip: http://www.youtube.com/watch?v=_SGq7ETHFHo

Pittsburgh Post-Gazette, 7/12/2010
Demmler: Pittsburgh could use more stand-alone startups
University advisers to start-ups stress the need to return liquidity to investors, says Frank Demmler, adjunct professor of entrepreneurship. Demmler says Pittsburgh could use more companies that can stand alone instead of needing to be acquired to provide that liquidity. URL for this article: http://www.post-gazette.com/pg/10193/1071979-96.stm?cmpid=newspanel4#ixzz0tTeM58Ld

Bloomberg BusinessWeek, 7/19/2010
Apt: Power grid under more stress in hot weather, but system generally works
The power grid generally works, even on very hot days, says Jay Apt, professor of technology and executive director of Carnegie Mellon Electricity Industry Center. But the chances of failure are higher on a hot day when there is more demand than on a spring day when windows are open, he notes. URL for this article: http://www.businessweek.com/news/2010-07-19/nyc-heads-to-hottest-july-ever-taxing-power-grid.html

First Science, 7/20/2010
Full disclosure can backfire, study says
Disclosing a conflict of interest can often backfire, according to a study co-authored by Don Moore, Carnegie Bosch Chair; associate professor of organizational behavior and theory. The study suggests that people think it’s OK to give manipulative advice once they learn about a conflict of interest. URL for this article: http://www.firstscience.com/home/news/breaking-news-all-topics/a-study-of-house-prices-do-the-benefits-of-disclosure-outweigh-the-risks_88432.html

New Scientist, 7/21/2010
Routledge: Twitter data volume washes out chances for misinterpretation
The volume of data posted to Twitter is so massive that occasional misinterpretations are lost in the crowd, says Bryan Routledge, associate professor of finance. Public mood can be sampled faster, more simply and more cheaply with Twitter than with traditional polling tools, Routledge says. URL for this article: http://www.newscientist.com/article/dn19200-twitter-mood-maps-reveal-emotional-states-of-america.html

Bloomberg, 7/21/2010
Goodfriend discusses Fed monetary policy on Bloomberg
Marvin Goodfriend, professor of economics and chairman, The Gailliot Center for Public Policy, gave a televised interview to Bloomberg discussing the outlook for Federal Reserve monetary policy. The interview came as Fed Chairman Ben Bernanke testified before the Senate Banking Committee. URL for this article: http://www.washingtonpost.com/wp-dyn/content/video/2010/07/21/VI2010072104113.html

Bloomberg, 7/22/2010
Goodfriend: Bernanke showing concern about deflation
Federal Reserve Chairman Ben Bernanke’s testimony before Congress shows concern over deflation, says Marvin Goodfriend, professor of economics; chairman, The Gailliot Center for Public Policy. Goodfriend says the Fed is dealing with a situation that the U.S. has not seen for decades, citing the near-zero interest rates of the Great Depression. URL for this article: http://www.businessweek.com/news/2010-07-22/bernanke-s-unusually-is-poetry-goodfriend-says-tom-keene.html

Dow Jones Newswire, 7/22/2010
Spatt: SEC could hold up filings with boilerplate objections
The Securities and Exchange Commission could ultimately hold up filings with boilerplate objections, changing little about the process, says Chester Spatt, Pamela R. and Kenneth B. Dunn Professor of Finance; director, Center for Financial Markets. The real question, says Spatt, is what will constitute an objection. URL for this article: http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201007211735dowjonesdjonline000739&title=financial-revamp-bill-to-ease-exchanges-rule-making-process

New York Times, 7/23/2010
Uncertainty is economy’s biggest obstacle, says Meltzer
Uncertainty, compounded by government indebtedness, is the greatest constraint on economic growth, according to Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. In testimony before Congress, Meltzer said the U.S. does not need more monetary stimulus, but rather programs that get banks to increase lending and businesses and consumers to increase spending. URL for this article: http://www.nytimes.com/2010/07/23/business/23fed.html?_r=1&ref=todayspaper

CNBC, 7/26/2010
Meltzer: Solutions start with alleviating uncertainty
Solutions to the faltering U.S. economy do not lie with the Federal Reserve or its chairman, Ben Bernanke, according to Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Rather, Meltzer believes the U.S. needs to reduce uncertainty, which he describes as “massive.” URL for this article: http://finance.yahoo.com/news/Fed-Chairman-Bernanke-Talks-cnbc-671476820.html?x=0

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