This Week in the News…

Posted: October 13, 2000 at 1:00 am, Last Updated: November 30, -0001 at 12:00 am

Following are highlights of national news coverage George Mason received during the past week:

Sunday, Oct. 8, Washington Post

Outsider Allen, Looking In; Former Governor Eases Anti-Federal Attitude and Woos N.Va. Votes

Former Virginia Gov. George Allen is running for the job of Washington insider by casting himself as an outsider. The strategy taps into fears of government power as old as the nation, and it has proved especially potent for Republicans in the two decades since Ronald Reagan rode his outsider image to the presidency in 1980. Even George W. Bush, the son of a president, emphasizes his West Texas roots. But running against Washington is more difficult in the Washington suburbs, which both Allen and his Democratic opponent, Sen. Charles S. Robb, see as a decisive battleground in the Nov. 7 election. Northern Virginia has 50,000 retired federal workers and tens of thousands more in the current work force. Federal spending of nearly $24 billion last year amounted to one-quarter of economic activity in Northern Virginia, according to George Mason University economist Stephen S. Fuller.

Monday, Oct. 9, The San Diego Union-Tribune

Controversial Morning Sickness Drug May Be Brought Back

David Bernstein, a law professor at George Mason University in Virginia, said it was only a twisted sort of poetic justice to bring back Bendectin. “There’s no justice to the company who spent over $100 million in litigation, not to mention having their chief executives tied up in litigation for years and years,” Bernstein said.

Tuesday, Oct. 10, AP Online

Price-Earnings Ratio Assessed

The price-earnings ratio, commonly referred to as P/E, is easy to find in the stock listings of most newspapers and on Web sites like Yahoo! Finance and Hoover’s Online. P/E remains popular because it is easy to calculate by simply dividing price by per-share earnings. A stock that trades at $50 and has earnings of $2 per share has a P/E of 25. In other words, for every $1 of earnings, an investor is paying $25. Traditionally, investors and analysts have maintained that a good P/E range is somewhere between 15 and 30, but that doesn’t hold in today’s market, said Karen Hallows, assistant professor of economics at George Mason University in Fairfax, Va.

Thursday, Oct. 12, Washington Post

More Va. Schools Hit Test Target; Early SOL Data Show Improvement

The number of Virginia public schools meeting state benchmarks for performance on the Standards of Learning tests more than doubled this year, according to an analysis of preliminary figures released by state officials yesterday. “The loss of accreditation is a powerful motivator for a superintendent,” said Gary R. Galluzzo, former dean of the George Mason University Graduate School of Education. “Teachers are teaching to the content of these tests. Is that good or bad? If you believe these assessments accurately capture what children know and should be able to do, you think this is good. If you don’t believe that, you likely think this is compliance behavior of the lowest form.”

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