Alan Greenspan Interview « Result #1 on Sept 20, 2007, 3:41pm »
Charlie Rose is interviewing Alan Greenspan tonight. The Charlie Rose show comes on at 11:00pm one of you PBS stations (channel 19 in Towson). Rose puts on a good interview, if you miss it you can watch it on the show's website within a day or two. Here is the link: http://www.charlierose.com/shows/2007/09/20/1/a-conversation-with-alan-greenspan
Economics Blogs « Result #2 on Sept 19, 2007, 3:53pm »
I was just wondering if anyone knew of any good economics blogs. I stummbled upon this one from a guy named Nouriel Roubini. http://www.rgemonitor.com/blog/roubini/ According to wikipedia he was a Senior Economist for International Affairs on the Staff of the President's Council of Economic Advisors. Here are some more that Forbes suggests: http://www.forbes.com/bow/b2c/category.jhtml?id=307
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Mandi
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Info for Elections « Result #3 on Apr 9, 2007, 4:45pm »
Elections will be held April 23 (the next meeting). In order to vote, you have to be a member. The election procedure will be as follows: candidates will have five minutes, with which to deliver a speech; after each candidate has given a speech, the ballots shall be passed out to members and the vote will take place; once ballots are collected they shall be tallied by the current executive committee, and then the President or Vice President will announce the new officials. In order to run for office you have to send us an email at tu.econsociety@hotmail.com letting us know you plan on running . ***************************************************
The President shall conduct all general meetings and executive committee meetings; shall attend all Student Leadership Council meetings when available; shall uphold, display, and represent the organization in the image stated in the mission statement; shall have final control over the schedule of club events, including meetings; shall make sure all other officers are acting within a moral and ethical framework which upholds the values of the club; shall ensure all officers are completing their duties; shall make the final decision on all contracts and business matters of the organization and shall sign them as well; shall assign responsibilities as it is deemed necessary; shall serve as the spokesperson for the organization at any other organization meetings and forums; and shall maintain regular contact and communication with the Baltimore Economics Society and any other affiliates.
The Vice-President shall preside in the absence of the President and shall carry out all the responsibilities as assigned by the President; shall be the right-hand to the President; shall oversee the progress of all activities; and shall attend the Student Leadership Council meetings along with the President when available.
The Treasurer shall maintain and complete records of all expenditures and receipts; shall coordinate reimbursement procedures; shall collect dues from members and deposit them in the account; shall deposit all checks and cash payments to the club; shall oversee the payment of any needed vendors, members, or speakers; shall get approval from the executive board before all major transactions; shall submit budget information to SGA; and must attend budget meetings each semester.
The Director of Communications shall keep the minutes from all general and executive committee meetings and post them in the forums on the website; shall read minutes at the beginning of each general and executive committee meetings; shall be responsible for keeping the club scrapbook; shall maintain an accurate list of members who have paid dues; shall keep all officers and faculty advisors informed of all club business; shall maintain the email account; shall write and mail thank you, welcome, and interest letters to all necessary people; and shall complete any miscellaneous tasks assigned by the President.
The Web Developer shall maintain and update the website/forum; and shall make sure that the website is in compliance with all laws and regulations.
The Student Leadership Council Representative shall attend all Student Leadership Council meetings; and shall report what was discussed to the President and Vice President.
The Public Relations Director shall publicize all meetings and events; and shall maintain the bulletin board space.
rpugh1 Econ Society Officer President member is offline
Joined: Nov 2006 Gender: Female Posts: 10
Paid Summer Internship with NASDAQ Stock Market « Result #4 on Apr 5, 2007, 1:23pm »
The NASDAQ Stock Market, Inc is looking for a paid summer intern in the finance and accounting group. The applicant should be an undergraduate candidate pursuing a degree in accounting/finance or economics. NASDAQ is headquartered in New York but the internship here is offered at its offices in Rockville, MD. Please email your resume to mathew.brobson@nasdaq.com or fax to 301.560.3485
NASDAQ is the largest electronic screen-based equity securities market in the United States, both in terms of number of listed companies and traded share volume. With approximately 3,200 listed companies, it is home to category-defining companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology industries.
NASDAQ is relentlessly driven to be the best-performing, fairest, fastest, most transparent stock market in the world. NASDAQ is an open, electronic market place that supports competition and provides companies and investors with the best outcome.
rpugh1 Econ Society Officer President member is offline
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2007 Jeremiah J. German Scholarship in Economics « Result #5 on Apr 5, 2007, 1:17pm »
$1,000 SCHOLARSHIP
To be eligible, you must be an Economics major completing your Junior year by the end of the Spring 2007 semester, have a GPA of at least 3.25 overall, and have taken (or be taking and doing well in) Economics 309 and 310.
Applicants must prepare a 750-word essay. This year’s topic:
U.S. Energy Policy: What Should It Be?
The essay’s style should be that of a Wall Street Journal op-ed, except that references are encouraged (they won’t be considered part of your 750 word limit). Advanced economics majors should be familiar with that style; the WSJ reader is literate, well-educated, and focused on matters of business, politics, and economics, and its editors insist on top-quality writing.
The essay will be a key factor in determining the winner of this year’s award. Support your case with facts. Remember that you are analyzing energy policy from an economist’s, not a politician’s, perspective. It’s your ability to apply clear economic reasoning in a well-written short essay that counts here.
The deadline for submitting the application and essay is Wednesday, May 2, 2007.
The winner will be announced before the end of the semester. Please see the Economics Department’s Administrative Assistant for an application. To inquire further, see Dr. James Dorn (101-G Stephens, jdorn@towson.edu), Dr. John Egger (101-D Stephens, jegger@towson.edu), or Dr. Melissa Groves (101-C Stephens, mgroves@towson.edu).
Re: Thoughts on Dr. Baejter's Lecture « Result #6 on Mar 15, 2007, 9:44pm »
Thank you for taking the time to respond to my post and clarifying your position. I’m glad that my criticism has lured a professor onto this forum, and I apologize for misspelling your name earlier as you may have noticed.
First allow me to clarify my position by separating Bolton from the list of individuals I think will now make the right decisions. John Bolton is part of the old school of thought that I hope is on its’ way out of the administration. Here is a good article from the Financial Times this morning related that topic for anyone interested. http://www.ft.com/cms/s/dc14fd96-d25c-11db-a7c0-000b5df10621.html
Forgive me for being misleading with your stance on “cap & trade”. Perhaps I misinterpreted your presentation of “cap & trade” by generalizing your position on government intervention.
I agree that the Kyoto Protocol is and will be a failure for the same reasoning. Especially now that the internet has allowed developing countries to develop faster and integrate more globally, any international treaty that deals with carbon dioxide levels needs to provide incentive for developing countries to join or a disincentive not to join.
I also can agree with your second point that President Bush’s State of the Union Address and new plan to import more ethanol from Latin America could produce net harm. Mainly because of the reasons listed in your lecture; i.e. corrosion of pipes used for oil therefore it can only be transported by truck. This “step in the right direction” as many have said seems more of a ploy to get "Greens" on board with his 2006 State of the Union goal of breaking our “addiction” to foreign (middle eastern) oil. My solution to the future ethanol problem would be a Manhattan Project-style initiative for hydrogen and renewable energy technology to leap frog adapting to ethanol all together. We could even use the money that the administration’s energy plans tend to give to companies like Exxon for research and development to fund the project.
The area where I have problem is with your conclusion: “Again, my point is not that policies that produce net benefit don’t exist; it is that because politicians and bureaucrats care about politics more than science and economics, they usually choose policies that produce net harm. That’s not certain, but it’s likely. Therefore we should severely limit what we let governments do.”
The only way to severely limit what we let governments do (unless there is a better suggestion) is to elect politicians that will severely limit what governments do. So if that were possible why shouldn't we just elect politicians that will implement policies that produce net benefit? I would conclude that prior to implementation of policy, net benefits are all relative to the individual; which puts me back at square one.
Re: Thoughts on Dr. Baejter's Lecture « Result #7 on Mar 15, 2007, 3:17pm »
BobbyDigital:
First, thanks for making the effort to come to the talk and give your opinions here, and thanks for your kind remarks on my getting students excited.
You write: “However Iraq has resulted in a “failure” so far because it has been mismanaged.”
I agree that it has been mismanaged, but I think the reason for THAT is the reasons I gave: people in government have neither the knowledge nor the incentives necessary to manage well anything that complex.
I hope you are correct Gates and Bolton and Rice will now make good decisions. I would love to be proved wrong in objecting to the war in Iraq from the outset.
I think you make good sense when you write: “If you want to compare government monitoring of carbon dioxide emissions to anything compare it to the U.S. government’s current policy on monitoring sulfur dioxide emissions ( http://www.epa.gov/airmarkets/progsregs/arp/s02.html ) which has been very successful in reducing social costs/negative effects of sulfur dioxide without creating a market or political failure.”
True, the “cap and trade” policy on sulfur dioxide emissions, which creates in essence a market for permissions to emit, has been very successful in reducing sulfur dioxide emissions. And as I said in my talk, good studies suggest that a similar program for carbon dioxide could bring about good results, if applied to all nations and enforced.
But arguing this way misses my main point: I’m saying that if we let government loose on the global warming problem, they probably won’t choose sound policies such as an international cap and trade program, well enforced.
For evidence I offer two points: 1) the Kyoto protocol that so many push for sets up a cap and trade program that DOES NOT INCLUDE all nations. Developing nations are exempt (or not signatories?). And without all nations participating, the models Bjorn Lomborg refers to in The Skeptical Environmentalist indicate that major net harm would result.
2) What Mr. Bush talked about in his State of the Union address, and what Congress seems to be rallying behind, is not a sensible international cap and trade policy but the deeply stupid policy of increasing use of ethanol and other biofuels, an approach that is already producing substantial net harm.
Again, my point is not that policies that produce net benefit don’t exist; it is that because politicians and bureaucrats care about politics more than science and economics, they usually choose policies that produce net harm. That’s not certain, but it’s likely. Therefore we should severely limit what we let governments do.
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Re: Suggestions for improving the club « Result #8 on Mar 15, 2007, 1:48pm »
We do send out emails prior to the meetings.
Also.. I have changed some of the dates for the meetings. I will be posting that new schedule shortly. On the days that we do not have a lecture scheduled, that Monday, we'll have a general meeting, instead of meeting that Tuesday.
Thoughts on Dr. Baejter's Lecture « Result #10 on Mar 14, 2007, 9:13pm »
I had a lot of problems with Dr. Baetjer’s lecture Tuesday night. The main problem I had was the entire premise his speech. That being if we had a political failure with the War in Iraq, then solving the problem of global warming using government intervention will only result in a failure. The Iraq War and Global Warming are apples and oranges. I understand the argument that since we had a “knowledge problem” going into Iraq, global warming has the potential for the same issue. However Iraq has resulted in a “failure” so far because it has been mismanaged. It is now seen as common knowledge that Iraq never had the weapons of mass destruction that we and many other intelligence agencies around the world thought they had. However we did not know this until we went in for ourselves, because Saddam kept throwing out the weapons inspectors. Once it started to seem as if the WMD’s that we thought Saddam had were non-existent, we had taken on a huge responsibility of making sure Iraq was better than we left it. We had to make sure that Iraq did not fall back into the wrong hands, or become a breeding ground for terrorism because of the weaknesses of any post-Saddam government. Thus began the democracy experiment in the middle east, where the administration wanted to make the Iraqi government a model for other governments in that part of the world. A great concept however this is where the war was largely mismanaged. With Donald Rumsfeld at the helm and “neoconservative” think tanks such as the American Enterprise Institute dictating policy, the middle east has taken a down turn. Diplomacy took a backseat while the military became stretched thin in an area of the world that was growing more scared of us than their own terrorists. Fortunately now that the Administration lost it’s congress with the ’06 election, we are seeing Bush’s stubbornness disappear. He is finally admitting mistakes and changing course. We now have a Defense Secretary that does not get defensive(pardon the pun) when a problem occurs but tries to solve it. John Bolton is now condemning U.S. foreign policy from the AEI and not dictating it at the UN. And Condi Rice is now freed up to show the world her strengths now that the Vice-President’s influence in the Administration is diminishing. Getting involved in Iraq may or may have not been a mistake, but a mistake that we had to make if we trusted the intelligence (or those who may have cherry-picked it). The problems that occurred were policy decisions that resulted in these political failures. The same goes for global warming, if we are to relate the two issues. For those who missed the lecture, Dr. Baejter’s solution to the global warming problem was essentially to adapt to it when the time comes. His reasoning for adaptive solutions and not preventative solutions was that since Iraq has resulted in a failure with government as the vehicle that led to that failure, government will only lead us to failure if they take on global warming. As I said earlier these are apples and oranges. If you want to compare government monitoring of carbon dioxide emissions to anything compare it to the U.S. government’s current policy on monitoring sulfur dioxide emissions ( http://www.epa.gov/airmarkets/progsregs/arp/s02.html ) which has been very successful in reducing social costs/negative effects of sulfur dioxide without creating a market or political failure. If signing an international treaty is the problem, then how has the Montreal Protocol not resulted in the political failure that Iraq has? The Montreal Protocol is the international treaty that phases out substances that deplete the ozone layer. The U.S. along with 190 other nations signed this treaty in 1987, and now data is suggesting that the ozone layer is repairing itself because of these reductions. ( http://news.nationalgeographic.com/news/2003/08/0805_030805_ozone_2.html ) I would not consider the national geographic to be a bias source considering that publication is how I found out about global warming occurring on Mars, which is an issue that seems to keep Dr. Baejter skeptical on whether or not humans are affecting the climate.
With all this said I have great respect for Dr. Baejter mainly for his ability get students as excited about the subject matter as he is. I thoroughly enjoyed the opportunity to hear him speak, although I respectfully disagree.
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