George Mason in the News

Posted: March 11, 2005 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:

Thursday, March 3, International Herald Tribune

U.S. Aide Sees ‘Internal Strains’ Tugging at China

“Natsios also pointed to a glaring lack of political freedom and simmering ethnic strife in the world’s most populated nation. Beijing is dealing with tension between the China’s Han majority and Muslims in the western province of Xinjiang. Monty Marshall, a professor at George Mason University in Virginia who runs the fragile-state model, said that state failure was a remote possibility in China at present, but that a gradual transition to democracy needs to accompany booming economic growth to safeguard stability in the long run. ‘At the moment I don’t think there will be a massive outbreak of violence or a collapse of the government,’ Marshall said. ‘But there is a sense of fragility during this transition. It could go either way.'”

Sunday, March 6, The Washington Post

Commuters Like Metro More Than They Use It

“Economic experts added that transportation plays a very limited role in county and corporate decision-making. For counties, the primary goal is to build a business base; locating it next to a bus or rail station is a bonus. For companies, the primary goal is to keep costs manageable, which often means looking for cheaper land in less developed spots. ‘There is no incentive at all within local governments to distribute the load fairly around the region so the transportation system, let alone Metro, is better utilized,’ said Stephen S. Fuller, a professor of public policy at George Mason University. Fuller added that, for the typical company, ‘the transportation services its workforce uses is the least important factor it uses’ in determining where to locate.”

Monday, March 7, Christian Science Monitor

Abroad, Women Boost Earnings, but Clout is Iffy

“And in an age when global firms are looking to outsource labor, enterprising women are filling niches from Peru to Bangladesh, where women’s share of nonagricultural work jumped from 17.6 percent in 1990 to 25 percent in 2002. Despite gains in earning power, women in developing nations seldom reach the point of qualifying for commercial bank loans, says Brian Hooks, director of the Global Prosperity Initiative at George Mason University’s Mercatus Center. ‘Very rarely do you find a case where people graduate to the formal financial sector’ from informal, often home-based, businesses. Lack of collateral commonly stands in the way. Where laws or cultural norms keep women from owning real estate, as Mr. Hooks witnessed in the Philippines, boosts in income aren’t enough.'”

Monday, March 7, The Wall Street Journal

Nasdaq: Five Years After the Peak

“Still, even with the Nasdaq composite record so distant, the eagerness for quick riches is hard to squelch. Indeed, after an investing bubble, an echo bubble—where investors rush in to buy all over again—isn’t uncommon. In market experiments conducted by George Mason University professor Vernon Smith, who shared in the 2002 Nobel Prize for economics, participants trade a dividend paying ‘stock’ with a very clear fundamental value. A bubble invariably forms, and then bursts. If the experiment is repeated with the same people, a bubble forms again. The second time, though, participants think they will be able to sell their positions before trouble strikes. Participants express surprise that they weren’t able to get out before the second collapse.”

Tuesday, March 8, Associated Press

Renowned Scientists Accept Posts at GMU

“Two of the world’s leading researchers in an emerging field of molecular medicine will join the faculty at George Mason University this spring, the college announced Tuesday. Lance Liotta and Emanuel Petricoin, co-directors of the National Cancer Institute/Food and Drug Administration Clinical Proteomics Program, will join GMU’s Life Sciences division at its Manassas campus. George Mason has sought to expand its research program, particularly in fields related to biotechnology. The university called the addition of Liotta and Petricoin a perfect fit. ‘These appointments add a new dimension to George Mason’s research agenda and bring new opportunities to expand our activities,’ President Alan Merten said in a statement.”

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