- 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-
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' 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.