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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: August 2009


Modern Healthcare, 8/3/2009
Research studies incentive-based executive pay
New research co-authored by Robert Miller, professor of economics and strategy, and George-Levi Gayle, assistant professor of economics and strategy, finds that incentive-based executive pay is more closely related to the long-term value of companies than with stock market performance. Miller says while shareholders and company boards make mistakes about compensation, they are still in a better position to gauge how their managers should behave. URL for this article (available via free subscription): http://www.modernhealthcare.com/apps/pbcs.dll/article?AID=/20090803/REG/907319996&AssignSessionID=373362328302571

Bloomberg, 8/3/2009
Meltzer: Financing deficit without inflation ‘worrisome’
Financing the U.S. deficit without having inflation is worrisome, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Some economists believe weaker growth is poised to undermine the nation’s long-term fiscal health. URL for this article: http://www.bloomberg.com/apps/news?pid=20601087&sid=aKGROj2EUy4Y

Bloomberg, 8/5/2009
Spatt: Consider making flash orders more accessible
Securities and Exchange Commission Chairman Mary Schapiro might be able to alleviate fairness concerns about flash orders by making them more accessible, rather than just barring the controversial trades, says Chester Spatt, Pamela R. and Kenneth B. Dunn Professor of Finance; Director, Center for Financial Markets. Spatt says the issues at the heart of concerns over flash orders have parallels in earlier debates over New York Stock Exchange specialists, who had to agree to various trading restrictions based on potential advantages on the trading floor. A URL for this article is not available. For a full copy of the text, please contact Barbara Donehue.

Associated Press, 8/21/2009
Meltzer: Politics, not ability, hamper efforts to reel in stimulus
The Federal Reserve has the capacity to reel in stimulus efforts, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. He says it’s the politics that trouble him. URL for this article: http://www.theindependent-bd.com/details.php?nid=138947

Dow Jones Newswire, 8/21/2009
Meltzer: Public is sick of bailouts
Officials need to do more to address inconsistencies in their bailout policies, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. He says the public has a strong case of bailout fatigue. URL for this article: http://news.morningstar.com/newsnet/ViewNews.aspx?article=/DJ/200908211555DOWJONESDJONLINE000496_univ.xml

Pittsburgh Post-Gazette, 8/22/2009
Meltzer comments on influence of Rose and Milton Friedman
Rose Director Friedman, an economist whose work with her husband, Milton, promoted individual freedom and changed the way central bankers view money's role in the economy, has died of heart failure. The Friedmans influenced decisions ranging from severing the dollar’s peg to gold to ending the military draft, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. URL for this article: http://www.post-gazette.com/pg/09234/992533-122.stm#ixzz0P6GuKANv

Newport News (Va.) Daily Press, 8/24/2009
Apt: Policy should focus on carbon-emission reductions
Government policy should focus on carbon-emission reductions, according to Jay Apt, executive director of Carnegie Mellon Electricity Industry Center, associate research professor, distinguished service professor in engineering and public policy. Apt says a federal energy bill’s classification of types of renewable resources amounted to the government getting into the business of choosing technology, which it has not historically done well. Newport News (Virginia) Daily Press URL for this article: http://www.dailypress.com/news/dp-local_governors_0824aug24,0,5832795.story

The Tartan, 8/24/2009
Tepper School labeled ‘military friendly’
The Tepper School has been recognized on the 2010 list of “Military Friendly Schools” by G.I. Jobs magazine. The list was compiled through polling more than 7,000 schools in the United States, honoring the top 15 percent that are doing the most to embrace veterans as students. URL for this article: http://thetartan.org/2009/8/24/news/news

Reuters, 8/24/2009
Dollar soon to be threatened, says Meltzer
The flood of money the Federal Reserve and U.S. Treasury have injected into the banking sector and economy since the crisis began will soon threaten the dollar, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer believes the Chinese will not continue to buy trillions of dollars in debt put out by the Treasury every year. URL for this article: http://money.cnn.com/2009/08/24/markets/dollar.reut/index.htm?postversion=2009082417

Wall Street Journal, 8/24/2009
Meltzer: Delaying inflation-fighting strategies is a mistake
Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy, believes White House economists are sending the wrong message by suggesting that the economic recovery must be locked in before worrying about inflation. Rather, Meltzer says the risk lies not in pulling back too soon, but in dithering too long. A URL for this article is not available.

Wall Street Journal, 8/31/2009
Meltzer: No comparison between current crisis and Depression
The current recession does not compare with the Great Depression, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. He says such comparisons do not help policymakers in deciding on strategies to alleviate the effects of the current crisis. URL for this article: http://online.wsj.com/article/SB10001424052970204251404574342931435353734.html?mod=googlenews_wsj

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