Thursday October 6, 2011 year: 132 No. 14 the student voice of
The Ohio State University
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thelantern Fisher, GE partner for growth
sports
THOMAS BRADLEY Campus editor bradley.321@osu.edu
Able Adams
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OSU football left tackle Mike Adams will be returning to the field Saturday after being suspended for the first five games of the season.
Ohio State’s Fisher College of Business and General Electric announced a partnership today to create a center for middle-market growth. Jeff Immelt, CEO for GE, came to OSU Wednesday to speak to a group of MBA students and other VIPs and to cut the ribbon for the center. Immelt defined middle-market companies as companies valued between $10 million and $1 billion. He said the development of these companies is crucial to economic growth. “This is an opportunity to really support the growth companies in the United States,” Immelt said to a crowd of about 200 people, “to be able to give them the financing and the capital that they need.” Immelt said the biggest factor in growth through a recession was investing resources in research and development. “This is really one of the fastest growing parts of the country,” Immelt said. “We hope to have a great association with Ohio State and Fisher.” Dean of the Fisher College of Business, Christine Poon, announced the partnership on Wednesday.
“It is a pleasure for me to announce the longterm partnership between the university and GE,” Poon said. This partnership will advance these middlemarket companies, Immelt said. “This (partnership) is the first step of many, that is going to be quite exciting,” Immelt said. Before cutting the ribbon for this partnership, Immelt spoke to a class of about 100 MBA students at Fisher. Immelt offered four points of advice to MBA students at Fisher: think global, be solutions oriented, have courage and compete. “At the heart of almost every issue we have as a country, and at the heart of every issue that companies have is competitiveness,” Immelt said. Immelt talked about the success of GE and linked it to his experiences in globalization. “We have to pick our way into the growth markets in the future,” Immelt said. Matt Knapke, a first-year MBA student at Fisher, said it was great to get insight from one of the best CEO’s in the country. “He was very insightful,” Knapke said. “His thoughts on globalization and the importance of
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THOMAS BRADLEY / Campus editor
Jeff Immelt speaks to a class of Fisher MBA students about globalization, problem solving, courage and competitiveness.
Zoo animals promote international study
arts & life
DANIELLE SEAMON Lantern reporter seamon.17@osu.edu
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Remembering Steve Jobs
Co-founder and chairman of the board of Apple Inc., Steve Jobs, passed away Wednesday after years of battling pancreatic cancer.
campus
Prof study shows benefits for personable teachers
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The Fisher College of Business brought in animals from the Columbus Zoo to give students a more tangible feel for life abroad as part of a Fisher information fair Wednesday. The fair, which took place on the college’s courtyard, was for undergraduates and graduates to learn about opportunities for international study. From noon to 1 p.m., students visited different displays promoting exchange programs in countries such as Costa Rica, France and Australia. “We have short-term programs that range from a week to a month or so in a country, and then we have long term programs that last for an entire quarter or semester,” said Miranda Gerberding, assistant director for international curriculum and international programs. “So we are just trying to get information to the students about what options they have available to them.” The fair also included visitors from the Columbus Zoo, which showcased a penguin, an aardvark, a clouded leopard and a fox. “There’s nothing like seeing animals and nature when you are traveling,” said Keith Hornsby, animal program specialist at the zoo. “It’s therapeutic for you, and when you’re in business, it’s a great stress reducer to be in nature. It helps you stay centered and lowers your stress. It gives you optimum output, I think.”
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Court denies OSU motion in ESPN suit JAMI JURICH Editor-in-chief jurich.4@osu.edu The Supreme Court of Ohio denied Ohio State’s motion to settle a lawsuit filed against the university by ESPN, Inc., out of court. In a letter dated Oct. 4, and signed by Chief Justice Maureen O’Connor, the Court said, “Upon consideration of respondent’s motion for referral to mediation and for stay of the scheduling entry, it is ordered by the Court that the motion is denied.” This decision is the second blow for OSU in two weeks. On Sept. 21, the Court ordered OSU to submit unredacted documents in the suit. John Greiner, attorney for ESPN, said, “ESPN does not comment on pending litigation.” OSU spokesman Jim Lynch, who is mentioned repeatedly in the suit, told The Lantern in an email, “With this development, Ohio State counsel at the Attorney General’s Office are preparing to present the university’s defense to the Ohio Supreme Court.” In the lawsuit, filed on July 11, ESPN sued OSU for withholding records that the sports network viewed as public documents. ESPN said OSU wrongfully cited the Family
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MATT EDWARDS / Asst. multimedia editor
Two baby clouded leopards from the Columbus Zoo at the lawn of the Fisher College of Business study abroad information fair.
New center focuses on energy LINDSEY FOX Lantern reporter fox.542@osu.edu Ohio State has created the Subsurface Energy Resource Center with intentions of researching and educating students on Ohio’s shale energy industry. Shale oil is organic-rich sedimentary rock under the earths surface, which energy can be extracted. It is obtained through complicated and sometimes expensive drilling. Co-directors and OSU professors Jeffrey Daniels, an earth science professor at OSU, and Douglas Southgate, an agricultural, environmental and development economics professor, will lead the center. The SERC was created to lead the way in exploring new subsurface energy options in Ohio such as horizontal drilling of hydrocarbon-bearing shale. “With the drilling that has already been done, the potential is quite high and very encouraging for further development,” Daniels said. “It is what really is driving it right now, a real need in the state and in the country for expertise.” The center will function as a means for faculty to collaborate and communicate on research projects that focus on energy development both statewide and nationwide, Daniels said. Despite the fact that shale deposits are nothing new, the recent technical advances are making exploiting shale a large industry, which will make shale development the key focus of SERC,
Southgate said. “Shale gas is really what started our thinking about the energy center, but the center will also incorporate other types of energy and touch on development and environmental issues as we move forward,” Daniels said. The SERC could put OSU at the center of talks about subsurface energy development. Daniels said the center will allow other universities and agencies to participate in the active discussion. Traditionally, drill holes are vertical. “The holes are drilled down vertically until they reach formation. In the past, the formations were usually sandstone and limestone, which oil and gas are produced from,” Daniels said. Technological advancements have allowed drills to hit a layer of rock, and turn the drill bit parallel with the surface. Then, by drilling horizontally, the shale rock is fractured using high pressure fluids, that are 95 to 99 percent water, and the gas is released from the rock. The gas then goes into the drill bit hole, and is later extracted, Daniels said. “It is a very simple, revolutionary process. The two technologies, horizontal drilling and hydraulic fracturing, have made shale gas drilling possible,” Daniels said. Although it is a simple process, the procedure for collecting the shale deposits is a controversial
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