Pitt Business Faculty in Economic Crisis Coverage
Dean John Delaney has been interviewed by Pittsburgh's KDKA radio and WPXI Television (pictured above), providing his opinion on the recent economic situation.
In light of the current economic situation, the media has turned to Pitt Business faculty for expert analysis and opinion. Our faculty and students have been featured in newspaper reports and television broadcasts. Below is a sample of articles. Please contact Kate Ledger (412-648-1711 or kledger@katz.pitt.edu) to interview faculty or students.
Obama likely to bring news ways of doing business
Pittsburgh Post-Gazette
"I think that it's clear that the president elect is looking to find ways to create jobs and put people to work," said John T. Delaney, dean of the Joseph M. Katz Graduate School of Business at the University of Pittsburgh.
Our ailing economy: Guarding your assets
Pittsburgh Post-Gazette
"You have to be producing at a level that is above and beyond what is expected in your position," said Shawn Graham, Director of MBA Career Services at the University of Pittsburgh.
Private Sector: There are four questions entrepreneurs should be asking
Pittsburgh Post-Gazette
There are four questions that you must answer for your business to thrive in these volatile and uncertain times. Written by John Delaney, Dean.
University of Pittsburgh panel outlines key business priorities for Obama administration
Pittsburgh Business Times Josephine Olson, professor of business administration, said she was less optimistic. "Consumption has to go down," she said. She expects the current recession to more closely resemble the downturn in the early 1980s.
Economic tailspin weights heavily on retirement dreams
Pittsburgh Tribune Review
"Hold a certain amount of your portfolio in cash," said John Prescott, a business administration professor at the University of Pittsburgh Joseph M. Katz Graduate School of Business. "If people did that, they would not hurt as much."
Pitt professors debate degree of recession
Pittsburgh Tribune Review
John Delaney, dean of the University of Pittsburgh's Joseph M. Katz Graduate School of Business, joined a half-dozen other Pitt faculty members who addressed the nation's tandem crises of jobs and credit, as well as what course the administration of President-elect Barack Obama should take.
University of Pittsburgh panel outlines key business priorities for Obama administration
Pittsburgh Business Times
Pitt financial whizzes lacking only ... money
Pittsburgh Post-Gazette
By the spring, "the market pretty much started to slide off," said 20-year-old Pitt junior Robert Spence. But the losses have proven instructional, because it's easier to manage a fund in a bull market. "That's made it a more valuable learning experience, because people don't learn as much [from] markets when they're going your direction."
Economic Crisis Spurs Change in Classroom Conversation
Pittsburgh Business Times
Dean John Delaney said, "what you see in the markets is something you can't ignore. Clearly there are lots of issues that have to be addressed, related to ethics, finance questions to management questions."
Study: Too Many 401(k) Choices Can Lead to More Risky Investments
U.S. News & World Report
"Stock funds have seen the greatest negative returns over the past few months. It's hard to cope with the wild flings we are seeing," says Jeffrey Inman, a professor of business administration at the University of Pittsburgh and coauthor of the study. "We would advise people to sit down alone or with a financial adviser and develop an asset allocation strategy before you even look at the available choices."
Retailers expect a gloomy holiday, but there still may be jobs to be found
Pittsburgh Post-Gazette
James Craft, a professor at the Katz Graduate School of Business at the University of Pittsburgh, said the scene in Pittsburgh may be a bit different because just as the region was not drastically affected by the housing bubble and subsequent bursting of that bubble, it also has a lower unemployment rate than the rest of the country.
Circuit City Plans to Close More Stores
KDKA
Sara Moeller,associate professor, talks with KDKA about the issues surrounding Circuit City's plans to file for Chapter 11 bankruptcy.
Is Credit Card Debt Next Big Economic Crisis?
WTAE
"This could be the next shoe that drops in the credit card market, or in the credit markets in general," said Jay Sukits of the Katz School of Business.
Advice to Young Investors: Get in Now
Pittsburgh Post Gazette
Jay Sukits, assistant professor of business administration tells students to "start investing right now."
The Conversation with Bill Toland: Professor Jay Sukits
Pittsburgh Post-Gazette Video
Featuring Jay Sukits, assistant professor of business administration
Business Students Get a Dose of Ethics
Pittsburgh Post-Gazette
Kuldeep Shastri, Roger S. Ahlbrandt Sr. Endowed Chair in Finance and professor of business administration, "noted the current mortgage crisis involves questions of whether consumers understood the risk of flexible interest rates." College of Business Administration student Michael Maloney said, "Not everything in ethics is black or white. A lot of it is gray."
Economic Crisis Brings Back Bad Memories
Pittsburgh Post-Gazette
"I'm confident that the bailout money will help bring markets back. We will see improvement in our 401Ks and our investments in the near future," said Srini Gopalan, a student at the Joseph M. Katz Graduate School of Business.
Markets in Crisis: Perspectives from Business and Law
Faculty from Pitt Business and the School of Law collaborated on an event to discuss the current crisis in our financial and credit markets, exploring how we got to this point, the relative responsibility of lawmakers/regulators and the business people, and implications for the future.
Financial System Reform Must Address Computers
Pittsburgh Business Times
"The reform that is to follow the bailouts must address information technology. The scope of the financial crisis we now face would not have been so immense were it not for the use, or mis-use, of computers." Op-ed written by Richard Franklin, assistant professor of business administration
No Escape from Recession, Area Economists Say
Pittsburgh Tribune-Review
"Right now, I don't see how we can escape a recession," said Jay Sukits, assistant professor of business administration
Third Quarter Saw Fewer M&A Deals in Pittsburgh
Pittsburgh Business Times
"It depends on how successful the (government's) bailout effort is in supplying liquidity to the mortgage-backed securities market and opening up credit availability from the financial sector," said Shawn Thomas, associate professor of business administration.
