- Behrend Beacon 1 4 4 Kl 1 CITIPCC February 26,2010 I I 1 3 XXX www.thebehrendbeacon.com I ■ ■ School of Business: Upcoming Events Tuesday, Mar. 18 7:30 p.m. Speaker: Stuart Varney, business and financial journalist for FOX News Event: “Plain Talk on the Economy” Location: REDC 180 World & National Business News Toyoda: Toyota doesn't “run away from problems” Akio Toyoda, the President of Toy ota Motor Corp., addressed a panel of U.S. Lawmakers on Wednesday. “At times, we do find defects,” he said in response to Toyota’s recent problems leading to the recall of 8 mil lion vehicles worldwide. “But in such situations, we stop, strive to under stand the problem, and make changes to improve further. We never run away from our problems or pretend we don’t notice them.” Toyoda’s stock, which peaked at 91.78 closing on Jan. 19, •has de creased nearly 22%, to 71.55 closing on Feb. 23. Senate passes Credit Card reform act, limits availabil ity to under-21 customers The Senate passed the Credit Card Accountability, Responsibility, and Disclosure Act on Tuesday, in an effort to reform treatment of consumers by the credit card companies. Due to the act: • Customers under 21 cannot re ceive a credit card except if “the con sumer has submitted a written application meeting specified require ments,” reports govtrack.us. • Card issuers must give 45-day no tice of rate increases, and must notify consumers of changes in terms. • Banks must wait until a customer is 60 days late in payment before ap plying a penalty interest rate. • Banks must send customers their bill no later than 21 days before the deadline. • If the deadline falls on a Sunday or a holiday, and your payment arrives a day later, they cannot charge a late fee. No accord on health bill .President Obama and Republican leaders have failed to reach any ac cord on the health care bill. The session lasted for seven and a half hours, and both sides dug in, giv ing little ground in what had been touted as a bipartisan chance to come to an agreement. Obama defied Republican attempts to “start over” the health care debate, saying that another year-long debate is not the right thing to do. Republican leaders insisted that the issue came down to money. “We just can't afford this,” said Sen. Eric Cantor (R-Va.). “That's the ulti mate problem.” “This is a car that can t be recalled and fixed,” said Sen. Lamar Alexander (R-Tenn.), “and we ought to start over.” Behrend to host FOX Business journalist inn State Behrend Marketing FOX Business Network's Stuart Varney will offer “Plain Talk on the Economy” at Penn State Behrend on Tuesday, March 18. Students allowed to schedule core AKEEM MCINTOSH business editor • MIS major Wouldn’t it be great to take control of your own schedule and know what your major entails before having to de clare it? Now here is your chance. The Sam and Irene Black School of Business is working on a proposal that would en able students to take what are now considered the “junior core” classes in rii an. Bank of AmtrfG* Hi —■■ms&BFz mksr More information on internship* amt full tint* positions can be found online at: http://www.pserie.psu.edu/stud*iatiO<lcfomaMßqpu*i«<9tiiting.htiß with the Beacon can: with pmfessoifjjfld administrators their freshman and sophomore years. This new curriculum can be imple mented because of the relatively small amount of students. It may be avail able as early as Fall 2010. “This new curriculum would provide for more flexibility amongst the stu dents,” says John M. Magenau, the di rector of the school of business. “I believe the students can take advan tage of learning significant course work within their major, prior to de Business Internships available: Every year for a decade, employers have rated communication skills as their biggest priority in new recruits. What are YOU doing to set yourself apart? * \ * * * '* * * riles. or business reporters with the Behrend Beacon. Call (814) 824-8282 Offer ma not be combined with an' ARICA CHRISTMAN business repoter • marketing major A FOX Business Network journalist will offer Behrend students a rare view on the economy: an optimistic one. The college speaker series at Penn State Behrend will host FOX Business Network’s Stuart Varney, who will present “Plain Talk on the Economy,” a positive take on the fi nancial situation in America. Stuart Varney, a product of the London School of Economics, is an acclaimed econ omist and has earned a Peabody Award for his excellence in journalism regarding the stock market crash of 1987. He has been featured not only as a FOX news anchor, but he has also done signifi cant work with CNN and CNBC. Through out Varney’s career he has demonstrated his views as a fiscal conservative. Professor Ed Miseta, a lecturer in eco nomics, says that students might benefit from hearing a speaker who they might not necessarily agree with. “Students should keep an open mind,” he said. “Varney’s speech may be a real eye opener for some students. Even those who do not share the same opinions as him will benefit from the experience.” John Magenau, the director of the School of Business, thought not only would Varney be of interest to students, but he would also give students a chance to “expand, enhance, and enrich their education. “It is of students’ benefit to attend the speakers that are part of the speaker series at Behrend. The goal of the series is to not daring it.” Magenau says this new system would provide more leniency when it come to switching from one major to the next, even after someone has de clared a major. “I think it would be a great idea be cause I would have liked to have known what kind of work is involved in my potential major before I choose something that I do not want to do,” says Greg Napierski, a second semes- wwppiwiti »iwwmmieai» ■ ' Stijppfy Chain To apply for a position as a business reporter, 43@psu.edu other discounts, coui Stuart Varney: Plain Talk on the Economy Who: Stuart Varney, FOX Business Network journalist. What: A "positive take on the economy." When: 7:30 p.m. on Tuesday, March 18 Where: REDCIBO, Penn State Behrend Why Should I tare: Varney is a nationally-recognized journalist, having won the Peabody Award, and worked for FOX, CNBC, and CNN covering business and economics. only give them access to a person of great knowledge, importance and awareness, but to promote good habits for life-long learn ing.” The goal of the speaker series is similar to that of the School of Business’ Business Week program, which is to give students knowledge that they can take to places such as job interviews, and enable them to share their understanding of things going on in the business world. “I want students to have a curiosity and interest in learning new things,” Magenau said. “It is important that students seek out opportunities to learn these skills that will benefit students far past college and be an advantage to them throughout their lives. “What students can learn from speakers such as Stuart Varney is the awareness that is required of them once they leave Penn State.” Stuart Varney’s presentation will take place in the Samuel P. Black 111 Conference Center at 7:30 p.m. on Tuesday, March 18. His speech will be free and open to the public. classes early ter freshman “Personally I feel this new system will help many students because they will actually know what they are going to be doing for the rest of their college careers instead regretting the major they choose,” says Kayla Gasperich, a sophomore. Overall, this new way of operation will provide more flexibility for stu dents and help them find their correct major. Beacon Business Staff Business Editor: Akeem Mclntosh * MIS major Business Reporters: Arica Christman • Marketing major Harmilee Cousin 111 • Business Economics i. -10:00 p.m. •ons, deals lecials. & Finance major Behrend.
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