Website Accessiblity

Tepper In The News

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


Archives | Current Clips

Archives for: September 2007


Al Bawaba, 9/3/2007
Entrepreneurship course designed to channel creativity
A nine-month course in building technology business will channel creativity among the people of Qatar, according to S. Thomas Emerson, David T. and Lindsay J. Morgenthaler Professor of Entrepreneurship. Emerson is teaching the course at Carnegie Mellon’s Qatar campus.

Pittsburgh Post-Gazette, 9/4/2007
Business, arts both important in attracting talent
Johannes Elling, a former vice president for the Bosch Group in Germany, is one example of how arts and business are intertwined in attracting talent from overseas. Elling, a former pianist and deputy chairman of a German music school, now supports the Pittsburgh Symphony Orchestra after moving here earlier this year to serve as President of the Carnegie Bosch Institute and an Adjunct Professor of Management.

Bloomberg, 9/4/2007
Meltzer: Market discipline approach best option for Fed
Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy, endorses the “market discipline” approach for the Federal Reserve. Meltzer says there is reason to doubt that central banks such as the Fed can accurately identify asset-price bubbles.

New York Times, 9/4/2007
Despite competition, deregulation has resulted in near-monopoly prices for electricity
Experiments at the Electricity Industry Center show that the effect of deregulation has been near-monopoly prices, even when a region has competing electricity generation companies. As a result, many states are rolling back their initiatives or returning money to individuals and businesses.

York Daily Record, 9/5/2007
State House committee hears testimony from Lave
The Pennsylvania House Republican Policy Committee was at the Carnegie Mellon campus to discuss energy issues. The committee heard testimony from Lester Lave, Harry B. and James H. Higgins Professor of Economics and University Professor, Director of Green Design; Co-Director, Electricity Industry Center.

The Economist, 9/6/2007
Lerrick: World Bank should invest in capital markets
The World Bank’s income is really the return on cost-free capital that belongs to its shareholders, and not money made from projects in middle-income countries, says Adam Lerrick, The Friends of Allan H. Meltzer Chair in Economics; Director of the Gailliot Center for Public Policy. Lerrick says the bank should invest these funds in capital markets and use the income on projects in the poorest countries, instead of lending it to governments that don’t need it.

VOAnews.com, 9/6/2007
Private sector willing to fund projects for World Bank beneficiaries
There is no project in a middle-income country currently funded by the World Bank that would not be able to get funding from the private sector, says Adam Lerrick, The Friends of Allan H. Meltzer Chair in Economics; Director of the Gailliot Center for Public Policy. Lerrick is among a growing number of critics who believe the World Bank should concentrate on lending to poor countries instead.

Forbes.com, 9/6/2007
Apt: Carbon tax plausible, but not definite
NRG Energy’s prediction of a carbon tax five years from now is plausible, though there is room for doubt, according to Jay Apt, Executive Director of the Electricity Industry Center; Associate Research Professor; Distinguished Service Professor in Engineering and Public Policy. Apt notes that tax hikes are unpopular, and suggests there will be a $10-per-ton price on CO2 in a non-tax format by 2010.

Reporter.co.za, 9/7/2007
Global alliances aid development
Countries need to develop global alliances with universities, governments, academia, and industry to become hubs of development, says Paul Goodman, the Richard M. Cyert Professor of Organizational Psychology; Director, Institute for Strategic Development; Co-Director, Center for the Management of Technology. South Africa is hoping to export its locally developed software to the international market.

The Tartan, 9/10/2007
Natural gas may not be most viable resource for future production of electricity
Carnegie Mellon researchers report that natural gas may not be the most viable energy resource for future production of electricity. W. Michael Griffin, Executive Director of the Green Design Institute, says the research is an effort to understand the environmental impact of a fuel through its complete life cycle.

Wall Street Journal Online, 9/11/2007
Tepper professor under consideration for St. Louis Fed
Professor of Economics Marvin Goodfriend is under consideration for the president’s job at the Federal Reserve Bank of St. Louis. The incumbent, William Poole, will retire in March 2008.

BusinessWeek, 9/11/2007
Surprising number of MBA students are shaky with personal finance management
Although most MBA students are very comfortable with high-end corporate finance, a surprising number struggle with managing their personal finances, says Bonnie Lack, Director of Financial Aid at the Tepper School. Lack says many MBA students do not know how to balance a checkbook, hold too many credit cards, and do not realize they qualify for student loans or other aid.

The Conservative Voice, 9/11/2007
Billions intended for African development have been smuggled into offshore accounts
Between $100 billion and $500 billion in World Bank funds intended for African development have been smuggled into offshore accounts, according to Adam Lerrick, The Friends of Allan H. Meltzer Chair in Economics; Director of the Gailliot Center for Public Policy. Lerrick gave that estimate to the U.S. Senate Subcommittee on Security and International Trade and Finance.

Wall Street Journal, 9/13/2007
Tepper seeks to broaden MBA talent pool
The Tepper School of Business is reaching out to potential applicants by seeking such nontraditional candidates as liberal arts majors. The idea is to better meet employers’ increasing demands for more diverse MBA talent.

Inside Higher Ed, 9/13/2007
Tepper does not limit student bloggers
Student bloggers at the Tepper School have no content restrictions on what they can post to the newly redesigned Web site. Geof Becker, the school’s Director of Public Relations, says the school has never monitored blog content because it believes students are capable of establishing a community of “trust and credible information.”

Wall Street Journal Online, 9/15/2007
Fed should be watchful, but wait for more info, says Meltzer
The Federal Reserve should not repeat past mistakes by implementing a loose monetary policy in an effort to head off a potential economic downturn, says Allan H. Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer says good monetary policymakers should be watchful but wait for better indications of the future.

ABC News, 9/16/2007
Meltzer: Greenspan, Fed contributed to housing bubble
Alan Greenspan and the Federal Reserve contributed to the housing bubble by keeping interest rates too low for too long, says Allan Meltzer, the Allan H. Meltzer University Professor of Political Economy. Meltzer says Greenspan, fearing a recession, allowed credit to expand too rapidly.

Bloomberg, 9/17/2007
Fed weighing inflation against interest rate cuts
In its fight to keep inflation contained, the Federal Reserve could lose ground by pushing ahead with big interest rate cuts, says Marvin Goodfriend, Professor of Economics. Goodfriend, who was senior vice president at the Richmond Fed from 1993 to 2005, points out that rate cuts are not free, and that everything comes with a price.

Wall Street Journal, 9/17/2007
Middle East looking to establish a new knowledge-based economy
The Middle East is trying to establish a new economy built around knowledge and technological innovation, according to Arthur A. Boni, John R. Thorne Chair of Entrepreneurship; Associate Teaching Professor of Entrepreneurship; Director, Donald H. Jones Center for Entrepreneurship. Boni says the region needs to create a more entrepreneurial culture.

The Tartan, 9/17/2007
Tepper School faculty among those participating in GaliLead
Tepper School faculty are among those from Carnegie Mellon who are participating in the GaliLead Project, a grassroots effort to cultivate a new generation of leaders for the Galilee region of northern Israel. GaliLead focuses on leadership training and policy implementation to help Arab and Israeli students return to Galilee and create social change.

The Tartan, 9/17/2007
Bill of Rights on display at Tepper School
The Carnegie Mellon community was treated to a rare sight during the university’s Constitution Day celebration when an original copy of the Bill of Rights and a Court of Appeals judge arrived at the Tepper School. The document, one of the originals given by Thomas Jefferson to each state governor in 1792, is currently on permanent loan to the university from the Posner family.

Reuters, 9/18/2007
Meltzer: Interest rate cuts a “big mistake”
In announcing a half-percentage point cut in benchmark overnight interest rates, the Federal Reserve did not indicate whether it was concerned with faltering growth or inflation. Allan Meltzer, the Allan H. Meltzer University Professor of Political Economy, called the move a “big mistake” while inflation risks exist and the jobless rate is still a mere 4.6 percent.

Bloomberg, 9/19/2007
Fed repeating past mistakes?
The Federal Reserve’s decision to cut interest rates is a repeat of the same mistake the central bank has made repeatedly in years past, according to Allan Meltzer, the Allan H. Meltzer University Professor of Political Economy. Meltzer believes the Fed worries too much about the possibility of a recession, and too little about the potential for inflation.

Wall Street Journal, 9/19/2007
Market believes interest rates will bail out economy
The market believes recent interest rate cuts by the Federal Reserve will bail out the economy, says Allan H. Meltzer, the Allan H. Meltzer University Professor of Political Economy. Meltzer says the move was a mistake reminiscent of the 1960s and 1970s, when the Fed put more emphasis of unemployment and less on inflation.

Washington Post, 9/20/2007
Fed’s hand may have been forced
Though easing monetary policy might rescue some firms that don’t deserve it, the Federal Reserve still must take the actions needed to do its job, says Marvin Goodfriend, Professor of Economics. Many analysts believe the Fed’s hand was forced when it made a surprisingly aggressive cut to interest rates.

The Economist (U.K.), 9/20/2007
Meltzer: Fed ‘listened to the Siren song’
In cutting interest rates by half a percentage point, the Federal Reserve made a big error in judgment, says Allan H. Meltzer, the Allan H. Meltzer University Professor of Political Economy. Meltzer says the central bankers “listened to the Siren song” of the markets.

U.S. News & World Report, 9/22/2007
Meltzer: Wall Street, not necessarily Greenspan, holds responsibility in housing bubble
Though Alan Greenspan is garnering some criticism for the housing bubble that occurred during his tenure at the helm of the Federal Reserve, Allan H. Meltzer, The Allan H. Meltzer University Professor of Political Economy, directs his scorn at Wall Street. Meltzer points out that nobody forced anyone to load up on subprime-backed debt and notes that the Fed has had an increasingly difficult time influencing long-term interest rates, including mortgage rates.

Irish Independent, 9/23/2007
Capitalism requires failure to work
Capitalism requires some element of failure in order to work, according to Allan H. Meltzer, the Allan H. Meltzer University Professor of Political Economy. While lax lending by banks often plays a major role in property cycles, so, too do miscalculations by developers, investors, buyers and sellers.

CQPolitics.com, 9/24/2007
Overemphasis on unemployment contributes to rising inflation, Meltzer says
The inflation crisis of the 1970s happened because economists overemphasized the dangers of a rise in unemployment, says Allan Meltzer, the Allan H. Meltzer University Professor of Political Economy. The Federal Reserve repeated that mistake with its most recent cut to interest rates, a move that understates the impact of a rise in inflation, Meltzer says.

Washington Post, 9/25/2007
Meltzer: Fed caved to pressure from markets, Congress
The Federal Reserve’s decision to cut its key interest rate looks like a response to pressures from the markets and Congress, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer points out that the unemployment rate is 4.6 percent and not a crisis, an indication that the move was unnecessary.

Earthtimes.org, 9/27/2007
Conference honors work of Hansen, Singleton
The Tepper School played host to a conference honoring the 25th anniversary of work by Lars Hansen and Ken Singleton. While the two were faculty members at the Tepper School, they wrote a paper establishing the first general methodology to estimate and test nonlinear dynamic models.

The Economic Times (India), 9/28/2007
Startups wise to figure in cost of capital
Startup businesses should figure in the cost of capital when determining initial expenses and cash flow, says S. Thomas Emerson, Director, Donald H. Jones Center for Entrepreneurship; David T. and Lindsay J. Morgenthaler Professor of Entrepreneurship. Emerson says the cost is usually based on what the interest would be that similar cash invested in something with similar risk would command on the market.

New York Times, 9/28/2007
IMF should focus on seeking greater disclosure in world financial system, says Lerrick
The International Monetary Fund should consider concentrating solely on monitoring economies and seeking greater disclosure in the world financial system, says Adam Lerrick, The Friends of Allan H. Meltzer Chair in Economics; Director of the Gailliot Center for Public Policy. As Lerrick points out, the more information markets have, the less likely there will be a crisis.

Baltimore Sun, 9/30/2007
Rate increases not enough to encourage electricity conservation, says Lave
Economic studies suggest that it will take more than rate increases to get people to reduce energy consumption, says Lester Lave, Harry B. and James H. Higgins Professor of Economics and University Professor, Director of Green Design; Co-Director, Electricity Industry Center. Electricity amounts to less than 2 percent of the average household budget, which is why most people don’t spend a lot of time worrying about it, Lave says.

Archives | Current Clips

Primary Navigation

Follow the Tepper School:

You Tube Tepper on iTunes Linked In Facebook Twitter

Media Contact

Mark D. Burd

Director of Public Relations

Tepper School of Business
Carnegie Mellon University
5000 Forbes Ave.
Pittsburgh, Pa. 15213-3890

Tel: 412-268-3486
mdburd@andrew.cmu.edu
Fax: 412-268-7824

Footer Navigation