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Archives for: September 2010


Wall Street Journal, 9/1/2010
Meltzer: Economy won’t fully recover until uncertainty is resolved
The economy won’t fully revive until Washington resolves uncertainty surrounding business costs, including taxes, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer says companies are cutting expenditures and not hiring because they don’t know what those costs are. URL for this article: http://online.wsj.com/article/SB10001424052748704421104575464012356644550.html?mod=WSJ_economy_LeftTopHighlights

New York Times, 9/1/2010
Lave outlines predictions for better energy conservation
The U.S. could double fuel economy for light-duty vehicles by 2035 without changing the size or acceleration of vehicles, 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 also says buildings could use nearly 60 percent less electricity by 2030 by installing existing technologies such as compact fluorescents, insulation, and double- or triple-paned windows. URL for this article: http://www.nytimes.com/2010/09/02/business/global/02iht-rensave.html?_r=1&ref=energy-environment

Yahoo! Finance, 9/2/2010
Meltzer: Economic problems may persist until 2012 election
Central banks can’t solve the problems that persist in the U.S. economy, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. He says Wall Street apathy could persist until the 2012 presidential election, unless President Obama moves to the center. URL for this article: http://www.investorvillage.com/smbd.asp?mb=4245&mn=561515&pt=msg&mid=9472171

Fortune, 9/9/2010
Meltzer: Saving, not spending, is key to economic growth
Over the long term, it’s savings, and not consumer spending, that drives economic growth, according to Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer criticizes President Obama for what he says is an emphasis on consumption. URL for this article: http://finance.fortune.cnn.com/2010/09/09/the-naked-stimulus-why-savings-stimulate-more-than-spending/?section=magazines_fortune

Wall Street Journal, 9/9/2010
Meltzer: Fed needs a rule
The Federal Reserve should follow something such as the Taylor rule that incorporates Congress’ original mandate to the central bank: to promote high employment and price stability. So says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy, who argues that such a rule would help the Fed focus on long-term consequences instead of short-term developments. URL for this article: http://online.wsj.com/article/SB10001424052748704358904575477580959771188.html

Pittsburgh Business Times, 9/10/2010
Tepper School students experience 'business accelerator'
MBA student teams from the Tepper School are engaging in alpha and beta testing to develop market entry strategies for products, says Art Boni, John R. Thorne Chair of Entrepreneurship; associate teaching professor of entrepreneurship; and director, Donald H. Jones Center for Entrepreneurship. The teams will work to develop and launch their companies in the spring term. URL for this article: http://www.bizjournals.com/pittsburgh/stories/2010/09/06/daily30.html

Wall Street Journal, 9/16/2010
Meltzer: Return to fact-based principles
To return to prosperity, America needs to return to proven fact-based principles, according to an op-ed piece co-authored by Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. The piece says lower taxes are one example of a fundamental starting point. URL for this article: http://online.wsj.com/article/SB10001424052748703466704575489830041633508.html?KEYWORDS=meltzer

Pittsburgh Tribune-Review, 9/18/2010
Lave: Upgrading gas lines too costly to allow systemic upgrade plan
Pennsylvania has some of the nation’s oldest gas lines, and there is no systemic policy to upgrade them because of the cost, 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 that means the pipes require a lot of inspection to make sure they have not corroded. URL for this article: http://www.pittsburghlive.com/x/pittsburghtrib/news/pittsburgh/s_700166.html

Bloomberg News, 9/20/2010
Goodfriend appears on Bloomberg Television
Marvin Goodfriend, professor of economics; chairman, The Gailliot Center for Public Policy, appeared on Bloomberg News to discuss the Federal Reserve. URL for this telecast: http://mms.tveyes.com/Transcript.asp?StationID=210&DateTime=9/20/2010+12:13:52+PM&Term=Carnegie+Mellon&PlayClip=TRUE

Bloomberg Television, 9/21/2010
Meltzer says Further Fed Easing Would Be `Stupid'
Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy, says the Federal Reserve is too focused on short-term results and may be considering the pursuit of flawed policies. He spoke with Scarlet Fu on Bloomberg Television's "InBusiness With Margaret Brennan." URL for this telecast: http://www.bloomberg.com/news/2010-09-21/allan-meltzer-says-further-fed-easing-would-be-stupid-video.html

Pittsburgh Business Times, 9/23/2010
Partnership announced between Innovation Works, Don Jones Center
A partnership between the Donald H. Jones Center for Entrepreneurship and Innovation Works has been awarded a $1 million grant through the federal Economic Development Administration to establish a new technology commercialization program. The program will help foster collaboration early in the commercialization process so the company can get to market quickly, says Art Boni, John R. Thorne Chair of Entrepreneurship; associate teaching professor of entrepreneurship; and cirector, Donald H. Jones Center for Entrepreneurship. URL for this article: http://pittsburgh.bizjournals.com/pittsburgh/stories/2010/09/20/daily34.html

WTAE-TV, 9/24/2010
Spatt part of study related to Pittsburgh’s parking leases
Leasing Pittsburgh’s parking garages and meters would provide short-term relief but will not fix the city’s pension problem, a group of consultants says. Chester Spatt, Pamela R. and Kenneth B. Dunn Professor of Finance; director, Center for Financial Markets, was part of the group that studied the issue. http://www.thepittsburghchannel.com/news/25150103/detail.html

Pittsburgh Tribune-Review, 9/26/2010
Deficit, not currency, is the real U.S. problem, says Meltzer
Concerns over Chinese currency are a distraction from real problems such as the U.S. budget deficit, says Allan Meltzer, The Allan H. Meltzer University Professor of Political Economy. Meltzer says if the U.S. spent within its means, it would not have to borrow as much from foreign countries, including China. URL for this article: http://www.pittsburghlive.com/x/pittsburghtrib/business/s_701345.html

Washington Post, 9/26/2010
Gaynor: Hospital consolidation will mean higher prices
Hospital consolidation leads to higher prices, says Martin Gaynor, E.J. Barone Professor of Economics and Health Policy. Gaynor says those prices get passed along into higher premiums, which are in turn passed on to workers. URL for this article: http://www.washingtonpost.com/wp-dyn/content/article/2010/09/25/AR2010092500234.html

National Public Radio, 9/30/2010
Equal collaboration integral to group efficiency, Woolley says
Research led by Anita Woolley, assistant professor of organizational behavior and theory, shows that collaborative groups that converse easily with equal participation are more efficient that groups dominated by individuals. Woolley says it is equal participation, and not the intelligence of individual members, that influences outcome. URL for this broadcast: http://www.vpr.net/npr/130247631/

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