Technician
wednesday february
16 2011
Raleigh, North Carolina
technicianonline.com
Stanford professor discusses economy During the annual John W. Pope lecture Michael Boskin discussed the current economic problems. Shivalik Daga Staff Writer
Addressing a generous mix of faculty and students, Stanford University professor Michael Boskin spoke Tuesday about the dangers of the current budget deficit. Boskin, Friedman professor of economics and senior Fellow at the Hoover Institution, spoke at the sixth annual John W. Pope lecture, stressing the importance of sensible policy responses to improve the current economic condition. According to the College of Management website, the John W. Pope lecture series is an annual lecture series organized jointly by the Department of Political Science, School of Public and International Affairs in the College of Humanities and Social Sciences and the Department of Economics in the Poole College of Management for discussions on topics of “political and economic interest”. The series is supported by a grant from the John W. Pope Foundation, which funds research activities on campus. While Boskin began his lecture with a description of both the state of the economy and its origins, his message quickly shifted to address how to improve the economy by undertaking various financial measures. Discussing the current economic condition, Boskin said the potential
range for growth even at full employ- markets than before,” said Boskin. ment is at most two to three percent. “Emerging countries going down isn’t “Comparing the present recovery good for us anymore.” Discussing ways to improve the curwith that from the previous two recessions, the current improvement is rent economic situation, Boskin said a half-speed recovery from previous that sensible policy responses are esrecessions,” Boskin said. “The previ- sential in such conditions and listed ous recessions, were of a much milder a number of monetary, fiscal and financial which he felt would have the nature than the current.” Boskin said he could show that the needed impact on the economy. Regarding monetary measures, previous quarter century coincided with a similar period of growth for Boskin said the Federal Reserve needs to reduce rates to combat the recesthe rest of the world. “From 1982 to 2007, the U.S. was in a sion, but it should also raise them recession for about five percent of the more quickly during the expansion. He also stressed time—a period on the need to rewhich coincided plenish military with a period of equipment— high world GDP spending he growth,” Boskin said that would said. “This be done a nywas the period way. Extending when the U.S. unemployment economy witbenefits, cutting nessed a period pay rol l t a xe s of tremendous and predictable growth and ocAaron Olive, an undeclared freshman in withdrawing cupied a huge the College of Management of liquidity to sha re of t he timely rein in global econoinflation were also some of the steps my.” In recent times, however, Boskin he proposed to improve the economy. Another measure Boskin argued for said this influence has declined considerably. Throwing light on the emer- was for regulators to have a greater gence of markets and countries across role. “We need regulators that regulate,” the world, Boskin said that it is important now for the U.S. economy for the Boskin said. “We should also consider reforming our Too Big To Fail policy.” emerging markets to remain strong. For many students, including Aaron “The developing world has become alex sanchez/Technician 40% of the world’s consumption. Olive, an undeclared freshman in the Stanford professor of economics Michael Boskin, Ph. D. lectures in the Nelson Countries like Brazil, China and India hall auditorium Tuesday. The lecture, titled “Economic Policy and the Economic have much larger reinforced internal crisis continued page 3 Crisis: Successes, Failures, Unfinished Business,” is a part of the John W. Pope
“This was the first time I attended a lecture series such as this, and it was really very interesting...”
lecture series.
recycling debris
WKNC Radio makes Top 10 for Woodie Awards The University’s student-run radio station is in the top 10 for the MTVU College Radio Woodie Awards.
Danielle Neujahr/Technician
Suzanna Cash, a junior in architecture, looks at a handful of recycled debris during the “Sort it out” program that was held at “The Pit” Feb. 15. “We’re apart of the USGBC also known as the United States Green Building Council and we’ve collected over two months of materials from the design school in support of the program,” Cash said.
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“Although it feels great whenever we are recognized by local organizations, it’s good to get recognized outside of the Triangle,” Gilbert said. “It validates the very hard work the students are doing.” Molly Wright, senior in mathematChelsey Francis ics education and DJ Hot Tamale on News Editor WKNC, said she is excited WKNC has WKNC 88.1 is well on its way to done so well. “It’s really exciting that we’ve made receiving the 2011 MTVu College Radio Woodie, thanks to commu- it to the top ten and that we have enough support to make it this far,” nity support. The Woodies is an award show Wright said. “I know we’re proud of for college students pertaining what we do, but it’s really rewarding to know others support us. People who to university radio stations. WKNC is a 25,000 watt radio work here work really hard, so this station that broadcasts through- support makes all of this work worth out the Triangle and produces their time.” Andrea Quach, freshman in psywebcasts for listeners outside the area. According to the station’s chology and DJ Andy Q, said she is website, WKNC aims to provide glad to be a part of WKNC, an integral University students with knowl- part of the University. “It feels pretty great knowing that edge they would need for a career in the broadcast industry. The sta- I’m a part of a radio station that people tion is a non-commercial radio sta- feel so strongly about,” Quach said. “It tion with an alternative program makes me very proud because WKNC of indie rock, electronic, metal and is such a huge part of N.C. State’s campus identity.” underground According to hip-hop. Wright, voting Ly nn GilWKNC for the bert, assistant Woodie Awards coordinator is yet another for Student way to show supMedia, said port for the Unigetting this versity. f a r i n t he Lynn Gilbert, assistant coordinator for “WKNC is a competition Student Media student-run rais surprising since it is WKNC’s first appear- dio station, so voting for it is like supporting your fellow students,” Wright ance in the competition. “This is the first time we’ve been said. “We’re coming together as a colnominated, so it’s great to be in lege to promote the University on a the top 10 already,” Gilbert said. national level, and it’s really awesome. “We’ve already proven ourselves It’s exciting to know that we have a to be the best college radio station chance in this competition.” Thomas Anderson, senior in politiin the Triangle, so this would just make us the best in the country, at cal science and general manager of WKNC, said although he has not done least according to MTVu.” According to Gilbert, the recog- a lot to advertise student participation nition outside of the area is benefi- in voting WKNC for the Woodies, he appreciates the student support. cial for WKNC.
“We’ve already proven ourselves to be the best college radio station in the Triangle.”
Donations/Campaign Money Breakdown: • • • • • • • • • •
WKNC: North Carolina State University WASU: Appalachian State University WICB: Ithaca College WPRK: Rollins College WSBU: St. Bonaventure University WVUM: University of Miami – Florida KCPR: California Polytechnic State University WSOU: Seton Hall University KTSW: Texas State University – San Marcos WUTK: University of Tennessee – Knoxville Source: radiowoodie. ratemyprofessors.com
“I really haven’t done much to promote it, so I feel really grateful that other people like us enough to create a big voting campaign,” Anderson said. “I honestly wouldn’t lose sleep if we didn’t win because this competition is really about the volume of votes. You can really just sit at a computer and ‘click, click, click’ all day, and we don’t have people doing that. So if we do win, that’d be awesome. We’d win because we’d have the most supporters instead of having a few supporters each voting a million times.” Voting for the Woodies ends March 1, and the winner will be announced March 16. Anderson said regardless of the results, he thinks WKNC is the best. “It’s definitely an honor to make it this far,” Anderson said, “But no matter what, I’m going to think that we’re the best college radio station in the country.”
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