Business World & National Business News Bernanke: Rates may be used to pop bubbles Federal Reserve Chairman Ben S. Bernanke said he doesn't rule out using monetary policy to pop asset price bubbles, while stressing that fi nancial regulation is his preferred approach. "Supervision, regulation of the fi nancial system is the strongest, effective" way to deal with bubble: said in response to a question at a ate Banking Committee hearing sidering his nomination to a sr term. "I do not rule out using mot. policy if necessary, if that situa' does become worrisome and threaten ing." - Business Week GE to sell share in NBC Uni= versal for $8 billion GE is selling a 51 percent stake in NBC Universal, the TV, cable, film and theme-park operator, to Comcast Corp. in a deal that creates an enter tainment company valued at about $37 billion, the companies said today in a statement. Fairfield, Connecticut based GE will get a net of $8 billion in cash when the transaction is complete after merger costs and a buyout of partner Vivendi SA's 20 percent stake. Selling NBC Universal lets Immelt, the ninth chairman in GE's 117-year history, shift resources to the com pany's main businesses and engines of future growth: power generation, avi ation, rail and medical-imaging equip ment, plus a finance arm GE Capital to serve them. Beacon Business Staff Business Editor Garrett Carson Business Writers Arica Christman Shawn Browne Alicia Ritenour Akeem Mclntosh Business Internships available: fitOe *M i reihnekgrpAllehrSt • ath b latern iwi l ii Bank of America Staff .Accountant and sandal Analyst ArcelorMittal dal Operadons Associate - supply Gain AstraZeneca Pharmaceuticals More information on internships and full time positions can be found online at: http://www.pserie.psu.edu/stu 'llll.lolc4eloneampusreeruiting.htm - Business Week Many students may wonder when entering the REDC why engineering computer labs outnumber the few re served for business or other students. "Traditionally, the School of Engi neering has the largest computing needs," said Dr. Ralph Ford, Director of the School of Engineering. Engi neering classes, he says, are computer d and demand the technology that cillMputers Can offer. A study of lab usage completed last spring by Ford indicates that the School of Engineering computer labs are the most-used of labs across cam pus. 31% of all logon hours of all labs on-campus came from the Engineer ing computer labs. As with most facilities on-campus, the largest issue becomes funding. Com puter labs are often difficult to attain funding for. "The School of Engineering is the only school on campus that, in large part, pays for their own computer labs," Ford said. That funding can come through Engineering Endow ments, State grants, and tuition paid to the school, he said. These sources also pay for computers, monitors, and printers as well as the supplies, repairs, and maintenance, Ford's study said. One expensive fea book existence, it is only a matter of time before more major companies across the country hook up to Facebook to recruit college graduates. Carol Capan, the Employee Relations Co ordinator with the Academic and Career Planning Center, says that many compa nies are establishing presences on sites like Facebook and Twitter to reach out to prospective intern and full-time candidates. There is, however, an intense prob lem with companies using Facebook to re ARICA CHRISTMAN businesc writer SHAWNE BROWNE BilNini 'NS t titer Facebook has already taken over he social world for this lecade and there is a rood chance the net rorking monstrosity bn't stop there. With companies Re Price Waterhouse :oopers and Ernst and bung creating a Face- ture that they pay for, Ford says, is the card-controlled access to labs. Dr. John Magenau, Director of the School of Business, says that his school does not choose to use funding to invest in private labs for business students. "That funding can be used in other ways than private labs," he said. "Any problems that students come across with access to public labs can be solved in other ways than making the labs private." Those alternative solutions, he said, may include redirecting students to other labs elsewhere on campus or by manipulating class schedules to make student use of the labs more efficient. The School of Business has thought about private labs, said Magenau. However, if all labs in the REDC were made private, it would create prob lems, he said. "By making those public labs in REDC private for business students there would be no labs left public," he said. "That would be problematic for those who are not in business or engineering wanting to use computers." However, even business students have had problems with lab availabil ity. Last year, business students had a problem finding open labs during the day to do work due to renovations and classes taking place in labs. cruit: a good percentage of student users on Facebook have inappropriate content disclosed through status updates, photos, and wall conversations with friends. "If a student intends to use these sites for job searching, more care needs to be taken in what type of content is posted," Capan said. She urges students to familiarize themselves with all the security features that Facehook offers in order to protect themselves from possibly embarrassing themselves to potential employers. She continues to explain that "Careerßuilder.com notes that 25% of em ployers in a recent survey are using Face book to research potential employees, and that number is expected to rise in the com ing years." Along the same theme of job re cruitment, Linkedln has become a very popular site for business networking among students, professionals, and compa nies. Linkedln's mission is to "connect the world's professionals to make them more productive and successful," according to a statement on their website. Jon Klein / The Behrend Beacon Only during off hours can most business students find open spaces in the finance lab in REDC, which is a public lab open to students of all majors. Magenau says that in response, this year the business school made it a pri ority to have at least one lab open at all times in order to avoid this prob lem. The two-screen lab is now prima rily open for student use and used less for classes, he said. Another challenge, he said, is the idea of wireless internet in the REDC. "Initially, when planning for the distri bution of labs, many believed that stu dents would take advantage of the BEHREND BEACON Deceinber 4, 2009 www.thebehrendbeacon.com t .G Networking is possibly one of the most essential skills for students to under stand when it comes to the job search. Capan agrees and notes that - Linkedln is more valuable in the job search process. It is a strictly professional site, and can be of value to any student whether in business, humanities, science, or engineering." Facebook may have the decade, but the Internet still has reign as one of the most important resources for young pro fessionals. Resources like Penn State's Nit tany Lion Recruiting, Linkedln, and Careerßuilder.com are websites that hold thousands of opportunities for students in terested in careers, internships, and co ops. The internet seems to have eclipsed the good old career fair in importance of the job search since so many recruiters just refer those interested to their website's ma terials. Therefore, these resources are an outstanding start to the job search or con tinuation if students have hit a dry spell in their search, since they house thousands of openings and are available to everyone. • wireless internet," he said. "Especially in the Café, bringing their laptops to do work. However, it seems that stu dents would rather use the labs than bring their own laptops to do work on." Growth in both the Engineering and Business school is expected in the up coming years. The distribution of pub lic and private labs is subject to change if necessary for both the School of Engineering and Business. REDC
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