Thursday, October 21, 2010
"Technically, if the economy starts growing again, no matter how
slowly, the economy has left the recession period," explained Anthony
Kwasnica, associate professor of business economics. "People tend to think we've recovered only when we've returned to where we started from. Most would agree that the growth since June of 2009 has not been very robust." (more)
Wednesday, October 28, 2009
A faculty member at Penn State's Smeal College of Business testified before the U.S. Senate regarding pension funding during recessions. Ron Gebhardtsbauer, faculty-in-charge of Smeal's Actuarial Science Program, testified Thursday (Oct. 29) before the U.S. Senate Committee on Health, Education, Labor and Pensions (HELP). Gebhardtsbauer suggested ways to fix the funding issues being experienced by defined benefit retirement plans and offer long-term solutions to make U.S. pension programs viable for years to come. (more)
Monday, May 04, 2009
As the nation grapples with a severe recession, economists in Penn State's College of Agricultural Sciences have published a new report that suggests which industries and areas in Pennsylvania may experience expansion or decline in employment in the upturn expected to follow the recession. (more)
Friday, April 24, 2009
"Deep and long," predicted Salar Ghahramani, lecturer of business, law and political science at Penn State Abington. A panel discussion event was held on a night as gloomy as Ghahramani's economic outlook. On the stormy evening of April 14 at the Abington campus, three leading financial experts discussed and debated the world economy. (more)
Monday, February 09, 2009
It's an understatement to say that the current economic crisis in America is severe and will have long-lasting impacts, but it's far from the Great Depression, and government intervention is absolutely necessary to come up with a solution to the problem. Those and other observations were shared Wednesday, Feb. 4, when Penn State Harrisburg presented the first installment of its spring Current Events Series featuring faculty from the School of Business Administration addressing "The Financial Crisis." (more)
