George Mason in the News

Posted: June 15, 2007 at 1:00 am, Last Updated: November 30, -0001 at 12:00 am

George Mason in the News

Following are highlights of national and international news coverage George Mason recently received.

Wednesday, June 6, The Hindu

Rupee May Keep Appreciating Against Dollar

“The sharp rise of the rupee — currency used in India, Pakistan, Sri Lanka, Nepal, Mauritius and the Seychelles — in the past few months has become a major cause of concern in industry circles, especially in technology sectors where a large percentage of companies are dependent on exports for the bulk of their revenues. Speaking on the fallout of the strengthening rupee, Ramkishen Rajan, foreign exchange expert and associate professor with the School of Public Policy at George Mason University, said that further strengthening may be seen in the very near term. But, he added, the current spike is likely to be a purely temporary phenomenon as the apex bank may step in to intervene again at some stage.”

Sunday, June 10, New York Times

Is It Just a Strong Market, or the Bubble, Part 2?

“The Standard & Poor’s 500-stock index is close to where it stood just before the bursting of the Internet bubble in March 2000. That makes some investors nervous. Several academic studies suggest that current sentiment isn’t likely to be low enough to prevent another bubble from forming. One such study, ‘Overreactions, Momentum, Liquidity and Price Bubbles in Laboratory and Field Asset Markets,’ appeared in 2000 in The Journal of Psychology and Financial Markets. Its authors were Gunduz Caginalp, a professor of mathematics at the University of Pittsburgh, and two professors affiliated with the Interdisciplinary Center for Economic Science at George Mason University, David Porter and Vernon Smith. Porter says that one conclusion of this study is that investors become largely immune to bubble-causing behavior only after living through the bursting of two successive bubbles. Because of this, the typical pattern is for a burst bubble to be followed by a somewhat less extreme version of the original — a phenomenon that some call a bubble echo. This pattern has appeared so consistently and so regularly in psychological experiments, Porter says, ‘that you can almost set your clock according to it.’”

Monday, June 11, BusinessWeek

Immigrants: Key U.S. Business Founders

“Research released in January showed that one out of every four science, tech and engineering businesses founded between 1995 and 2005 had at least one immigrant as a key founder. Together those companies had $52 billion in sales and employed 450,000 people in 2005. David Hart, a professor at George Mason University’s School of Public Policy, warned against drawing policy conclusions from the study. ‘We don’t have a good model to see what happens if we stop the flow. Would Americans step into those opportunities?’ he says. Hart suggests the flood of foreign students in science and engineering fields may lead more American students to pursue other professions like medicine or law. ‘Is there a kind of crowding-out effect in some very broad sense?’”

Monday, June 11, Wall Street Journal

A Different Path: There’s More to Development than Stadiums

“Economic development isn’t all about building new stadiums and technology parks. Local governments use all sorts of offbeat approaches to attract businesses and visitors and boost economic growth. Many states think that hipness is the key to prosperity. The theory — proposed by [public policy professor and] economist Richard Florida of George Mason University — holds that the best way to spark economic growth is to attract and keep young workers in creative fields. And that means making sure cities have cachet among the cool.”

Tuesday, June 12, Washington Post

$2 Billion Spent on Arts in Region

“An economic study shows that arts spending in the Washington region has reached $2.15 billion, according to data released yesterday. The $2.15 billion in economic activity ‘doesn’t seem exaggerated to me,’ says Stephen Fuller, professor of public policy at George Mason University. He has conducted studies for the Smithsonian and the Corcoran Gallery of Art. He cited the growing variety of cultural experiences available to the business traveler, tourist and residents.”

Wednesday, June 13, New York Times

Searching for the Secret to Attracting the Youth Vote

“Are voters under the age of 25 going to turn out in record numbers? History suggests it is unlikely. Eighteen-year-olds cast ballots for president for the first time in 1972, following the ratification of the 26th amendment. Nearly 50 percent of 18 to 24 year olds voted. Since then, turnout among this age group has varied. ‘Since 1972, the trend line for young voters has been relatively stable with peaks and valleys,’ says Michael McDonald, professor of government and politics at George Mason University. ‘Turnout among young voters or any group with traditionally low participation depends a lot on how interesting the election itself is.’”

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