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Archives for: September 2009


Pittsburgh Tribune-Review, 9/2/2009
Goodfriend: Government too big for Congress to handle effectively
Congress was not designed to oversee an operation as large as the federal government has become, says Marvin Goodfriend, professor of economics; chairman, The Gailliot Center for Public Policy. Goodfriend says Congress simply was not set up to do what society is asking it to do today. URL for this article: http://www.pittsburghlive.com/x/pittsburghtrib/news/s_641112.html

Pittsburgh Post-Gazette, 9/3/2009
Tepper School senior appears on CBS College Sports
Business Administration senior Jon Hall was featured on “NCAA on Campus” on the CBS College Sports cable television network. Hall is a standout on Carnegie Mellon’s men’s soccer team and maintains a 4.0 grade-point average. URL for this article: http://www.post-gazette.com/pg/09246/995242-450.stm

Pittsburgh Post-Gazette, 9/3/2009
Lave: Sustainability is good for business as well as environment
A sustainability pledge signed by members of the G-20 is mostly a public relations vehicle, according to 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 says it’s cheaper for businesses to save energy than to provide it, so going green isn’t just good for the environment, but also for the bottom line. URL for this article: http://www.post-gazette.com/pg/09246/995187-482.stm

Wall Street Journal (blog), 9/3/2009
Anti-global warming strategy is cheap if it works, says Kydland
A proposal to keep global temperatures in check by spraying clouds with drops of seawater is “unbelievably cheap” if it works, says Finn Kydland, The Richard P. Simmons Distinguished Professorship; University Professor of Economics, Nobel Laureate (2004). Kydland serves on the five-member Copenhagen Consensus, a brain trust assembled to tackle world issues. URL for this article: http://blogs.wsj.com/economics/2009/09/03/droplets-of-seawater-a-global-warming-solution/

Pittsburgh Post-Gazette, 9/4/2009
Extra sick time may help companies worried about swine flu outbreak
Companies worried about productivity amid the possibility of a swine flu outbreak might want to consider making it easier for employees to stay home, says Linda Argote, David M. Kirr and Barbara A. Kirr Professor of Organizational Behavior and Theory; editor-in-chief, Organization Science; director, Center for Organizational Learning, Innovation and Performance. Argote suggests businesses add days to sick banks, which could alleviate worker concerns about staying home and also boost morale. URL for this article: http://www.post-gazette.com/pg/09247/995495-114.stm

Washington Post, 9/4/2009
Inflation is virtually inevitable, Meltzer says
Inflation is inevitable because of political pressure on Federal Reserve Chairman Ben Bernanke to keep interest rates low, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer calls it “a political non-starter” to raise interest rates while unemployment is high. URL for this article: http://voices.washingtonpost.com/economy-watch/2009/09/why_bernanke_should_have_told.html

Kansas City Star, 9/10/2009
Meltzer supports stance of Kansas City Fed chief
The president of the Federal Reserve Bank of Kansas City is getting praise from Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Tom Hoenig believes the Fed needs to change its monetary policy or risk inflationary pressures ahead. URL for this article: http://www.kansascity.com/business/story/1437662.html

Business & Media Institute, 9/16/2009
Portrayal of recession is politically charged, says Meltzer
The U.S. has not even come close of facing a second Great Depression, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer says there is strong political motivation to exaggerate how bad the recession is. URL for this article: http://www.businessandmedia.org/articles/2009/20090916153051.aspx

Pittsburgh Tribune-Review, 9/19/2009
Meltzer: Tire tariff does not benefit public
Imposing a 35 percent tariff on tires made in China does not benefit the public, according to Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer says it’s free trade that raises living standards. URL for this article: http://www.istockanalyst.com/article/viewiStockNews/articleid/3492414

Reuters, 9/20/2009
Lave: Green jobs not likely to be major driver in economy
Politicians are overly optimistic in their assumptions about green jobs becoming a major engine for the economy, 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 believes most jobs will be in the retrofit area. URL for this article: http://www.cnbc.com/id/32933611

Pittsburgh Tribune-Review, 9/20/2009
Meltzer: G-20 likely to be ‘more spin than substance’
The G-20 will likely be more spin than substance, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer says most countries need to discuss how to reduce their budget deficits and how the world will look different because of U.S. increases in exports, reduction in imports, and reduction in the rate of consumption. URL for this article: www.pittsburghlive.com/x/pittsburghtrib/news/pittsburgh/s_644047.html

Pittsburgh Post-Gazette, 9/20/2009
Ideology, not analysis, driving health care reform debate
The disputes over health care reform that are grabbing the most public attention don’t really reflect the heart of the problem, says Martin Gaynor, E.J. Barone Professor of Economics and Health Policy. Gaynor says a lot of what he’s hearing appears to be driven by ideology, not analysis. URL for this article: http://www.individual.com/story.php?story=107127943

The Tartan, 9/21/2009
Economic policy should favor innovation, domestic growth, professor says
Economic policy is needed to create a new globalization, according to Robert Atkinson, adjunct professor of marketing. Atkinson says the idea is to shift from mercantilist, export-led strategies to those based in innovation and emphasizing domestic growth. URL for this article: http://www.thetartan.org/2009/9/21/news/summit

USA Today, 9/22/2009
Without cleaning up, Pittsburgh would not have transformed itself, Lave says
In some sense, the steel industry had to die so Pittsburgh’s transformation could occur. “Yuppies don’t live in polluted places. If Pittsburgh had not cleaned up, this transformation would not have happened,” 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. http://www.usatoday.com/money/economy/2009-09-21-us-steel-pittsburgh_N.htm

Global Times, 9/24/2009
G-20 must address ‘too big to fail,’ says Meltzer
To avoid a repeat of the financial crisis, the G-20 summit must address the concept of “too big to fail” in the banking system, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer says the current financial system allows bankers to profit while the public takes losses. URL for this article: http://business.globaltimes.cn/world/2009-09/471242.html

Christian Science Monitor, 9/24/2009
Spatt skeptical about G-20 becoming international governing council
Many countries take self-governance very seriously and are concerned about ceding too much authority to any international governing body, says Chester Spatt, Pamela R. and Kenneth B. Dunn Professor of Finance; Director, Center for Financial Markets. Spatt was speaking in response to a statement by British Prime Minister Gordon Brown that the G-20 would become the world’s main economic governing council. URL for this article: http://features.csmonitor.com/economyrebuild/2009/09/24/g20-as-worlds-top-economic-body-doubts-abound/

McClatchy Newspapers, 9/24/2009
Lave: Pittsburgh’s reinvention an example for others
Pittsburgh has come a long way since its steel industry heyday, 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 says the city was able to rebound by building on strengths in health care, higher education, and finance. URL for this article: http://www.mcclatchydc.com/homepage/story/75996.html

VOA News, 9/25/2009
Lave: Limiting banker bonuses will help manage risks
A G-20 goal of limiting large bonuses for bankers will help them consider long-term consequences, not just short-term benefits, 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 says the idea is to better manage risks and prevent the kind of speculation that brought down the economy. URL for this article: http://www.voanews.com/english/2009-09-25-voa53.cfm

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