Business
School of Business:
Upcoming Events
TUESDAY, Nov. 10
12:15 P.M. - 1:00 P.M.
Speaker: Kathryn Nusbaum, CFA, CPA
Event: "True Wealth and Measuring
Your Personal Balance Sheet"
Location: REDC 180
7:00 P.M.
Speaker: Kathryn Nusbaum, CFA, CPA
Event: "An Alternative to Stimulating
the Economy"
Location: REDC 180
THURSDAY, DEC. 3
12:15P.M. - 1:00 P.M.
Speaker: Lori Rodgers
Event: "Expatriate Taxation and High
Net Worth"
Location: REDC 101
World & National
Business News
Gold Prices settle at record
high near $l,lOO per ounce
NEW YORK -- Gold pared gains
Wednesday after hitting an all time
high, but still settled at record levels
after the Federal Reserve's latest pol
icy statement came in as expected.
Gold, which is up 23 percent this
year, surged on Tuesday after the In
ternational Monetary Fund said it sold
200 metric tons of the precious metal
to India's central bank.
The dollar, which had languished
for most of the day, fell sharply after
the statement came out.
December gold was up $2.40 to
$1,087.30 an ounce, after hitting an
all-time trading high of $1,096.20 an
ounce earlier in the session. On Tues
day, gold closed at a record $1,084.90
an ounce.
Fed pledges to hold rates at
record lows
The Federal Reserve pledged
Wednesday to keep a key interest rate
at a record low for an "extended pe
riod," signaling that the weak econ
omy remains dependent on
government help to grow.
The Fed said economic activity has
"continued to pick up" and that the
housing market has strengthened a
key ingredient for a sustained recov
ery.
Commercial banks' prime lending
rate, used to peg rates on home equity
loans, certain credit cards and other
consumer loans, will remain about
3.25 percent, the lowest in decades.
Beacon Business Staff
Business Co-Editors:
liarmilee Cousin Garrett Carson
Business Writers
Arica Christman
Shawn Browne
Alicia Ritenour
Akeem Mclntosh
- CNNMoney
- Associated Press
BUSINESS LAW AND ETHICS
Nine-year law veteran joins Business faculty
Resume:
David Dieteman
Education:
• MA., philosophy
U. of Illinois
• J.D.
Case Western
Legal Practice:
• Business law
• Employment
• Civil trial
• Real estate
• Wills
• Mediator in
Federal Courts
1 J it.] 11 Pi ilki k I hte) 4kJ i 4 is 11
Management prof wins national research award
Twenty-three years of research and work
have finally paid off for Penn State Behrend's
Dr. Jeffrey Pinto.
The 15-year veteran of the Department of
Management at Behrend has been awarded
the Product Management Institute (PMl)'s
Research Achievement award.
The award is given to one indivudual every
year by the PMI, which is the largest organi
zation of project management.
This award is, in a sense, a lifetime achieve
ment award in research. It recognizes long-
Dr. Jeffrey Pinto,
Program Chair of
Management.
Not every lawyer is a money-grubbing
vampire; some are ethics-teaching book-
worms
Such is the life of Dr. David Dieteman, who
after practicing law for nine years joins the
ranks of Behrend's faculty as a business law
and ethics professor.
Those nine years of being surrounded by
notoriously unethical colleagues will serve
Dieteman well in teaching law and ethics at
Behrend.
Before practicing law and becoming a pro
fessor, Dieteman got his undergrad from
Notre Dame, went, to law school at Case
Western and is wprking on his PhD at
Behrend B
Every year, the Sam and Ir
Black School of Business sp
sors a trip to a large city to s
students the hustle and b
of a large business economy.
This year, the group wil
travel to the financial capita
of the world: New York City.
Contrary to popular belief
this trip is not enclosed ti
only business majors, bu
opened to the entire cam
pus and any major o
study.
Four faculty memb4
will accompany the si
dents: Ed Miseta, b
turer in Economic
Cary Chludzinski, h
turer in Accountir
Chuck Brown, Asso
ate Professor of
counting; and J
Kurre, Associ*
ARICA CHRISTMAN
business writer
ALICIA RITENOUR
hu,ines, ‘s-rifer
AKEEM MCINTO'
business wr
Catholic University, based in Washington
D.C.
Dieteman, an Erie native, also served stints
at Mercyhurst University and Gannon Uni
versity.
Behrend had many appealing characteris
tics, which attracted him to the open teaching
position. Foremost of these, he says, was the
reputation that Penn State University carries.
In his spare time, Dieteman is an avid run
ner and reader - he can often be found tucked
away in the Lilley Library, which to him is a
home away from home to practice his passion
of reading.
Dieteman implements a practical approach
in his teaching, which he believes is the best
method to use. He applies the theory that is
in the course's book in order to keep the stu
term research that has led to improvement
and advancement in the field.
In the selection process, two groups of peo
ple judge who wins: one group judges the
correctness of how the work was done, and
the other decides if the research propels or
advances the field of Project Management.
"If you can satisfy those two groups of peo
ple you've done something right," says Pinto,
the Program Chair of both the Management
program and master's in Product Manage
ment program.
Pinto's research has largely been people
based, on the social side of project manage
ment. This is indeed a unique take on
siness
Professor of Economics
Since many students graduating
from Behrend end up employed in
New York City in various financial
careers, the organizers of this
year's trip feel that it is an excel
lent opportunity to supplement
students' knowledge.
Students will have a chance to
tour various Big Apple vepues,
such as the NBC studios, the corn
modity exchanging facility New
York Mercantile, powerhouse ac
counting firms like Deloitte, the
New York Stock Exchange, and
many more.
As with most exciting Behrend
trips, signups will be handled in a
"who-can-get-there-earliest" fash
ion on the morning of January 11.
Only forty spaces are available,
and the bull rush will be held at
the Office of Student Activities.
Many students who are going
will be attending the trip for a sec
ond time. Crystal Lake, a senior
majoring in International Busi
ness and Operations Manage
ment, hopes for a repeat of last
year.
"I went on the Boston trip last
year and had the best time of my
life," Lake said. "Nothing is going
to hold me back from going on the
For more information on the NYC Trip, contact
Ed Miseta at mrtniseta@aol.com
BEHREND BEACON
November 6, 2009
www.thebehrendbeacon.com
in the Big Apple
"Nothing is going to
hold me back from
going on the New
York trip."
Senior - International Business
and Operations Management
New York trip."
For Ed Miseta, in addition to the
educational value of the trip, it
also will be a great time.
"New York is always one of my
favorite cities to visit and it is al
ways one of the best places to go
especially during this time," Mis
eta said. "I expect a ton of people
to hop on the opportunity, and it
will be a magnificent time." .
Students will also sit down to a
nice dinner with Behrend Alumni
that are currently working in New
York City.
The trip will depart on March
17, which will provide another fun
time: St. Patrick's Day in New
York City.
dents engaged.
"When you can see how it effects you it is
easier to understand and become interested,"
he said
He encourages students to participate, uses
current material and relates as much as he
can to subject matters in the recent news.
Professor Dieteman believes that it is a goal
to help his students become passionate about
the material.
Being passionate about everything that one
does is another motto Dieteman lives his life
by.
He feels that if you do what you like, then
the money will follow.
"If you work hard and excel you will suc
ceed," Dieteman says. "Have heart, and be
courageous."
research in the field, which has largely been
technology-based since the 19505.
Pinto started his journey in 1986, when he
published his first book. He has since written
22 more books on project management.
Before coming to Penn State Behrend, he
worked at the University of Maine for six
years and the University of Cincinnati for
two. He began teaching at Behrend in 1994.
The most gratifying experience at Behrend,
though, has been witnessing the transforma
tion the school has undergone.
"Working in an environment where you're
encouraged and supported has been the key
to my success," he says.
Crystal Lake