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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