Federal Reserve Bank of Cleveland President
Speaks at Weatherhead, Talks Tough Decisions

Pianalto.jpg
Sandra Pianalto

Federal Reserve Bank of Cleveland President Sandra Pianalto doesn’t mince words about the fact that this month the nation's economy required some aggressive remedies.

“Today, the economy is growing and has officially emerged from the recession, but the recovery has been exceptionally gradual,” she said Thursday at Case Western Reserve University's Weatherhead School of Management. “Our economy continues to dig itself out of a deep hole.” 

Pianalto observed that while the economy is showing more signs of producing more jobs, it's not yet enough to reduce the jobless rate, now at about 9.6 percent. Pianalto said she doesn't expect the jobless rate to fall below 8 percent before 2013.

She came to the university to explain why she cast her recent vote for some unique strategies, including the Fed's plan to buy $600 billion in Treasury securities by the middle of next year as an economy boost.  

“We know that our economy faces a multitude of challenges, and a full recovery will take some time. We also know that the Federal Reserve cannot solve all of the economy's problems on its own. But responding to inflationary and disinflationary pressures gets to the heart of what a central bank can and must do,” Pianalto said in classroom inside the Peter B. Lewis Building.

Case Western Reserve President Barbara Snyder delivered introductory remarks and talked about the roller-coaster ride of economic challenges the nation has faced in recent decades.

“I think our policy action offers the right kind of insurance that the Federal Reserve's monetary policy will support the economic expansion while stabilizing inflation and inflation expectations consistent with our price stability mandate,” Pianalto said.

Watch the video. Read more.

Expect Web Services Interruptions on Saturday

University web services will experience an interruption from 6 a.m. to noon Saturday as the university performs server maintenance and upgrades. The following key services may be unavailable during this time: Blackboard, the blog system, Software Center, campus directory, PeopleSoft services and all automated Information Technology Services tools. Other services may be inaccessible or have limited functionality at this time, as well. In addition, the university homepage may appear with a service maintenance message. Questions about this service interruption should be directed to the ITS Help Desk at 216.368.HELP (4357) or at help.case.edu.

Campus News

This fall, the Provost’s Office and the Office of Inclusion, Diversity and Equal Opportunity are asking faculty, staff, and students for their opinions on a number of issues related to campus climate. Results will allow comparison of how different campus constituencies perceive the environment for inclusion and diversity.

Initial invitation emails with links to the survey have already been sent to students, faculty and staff. Follow-up messages, also containing a link to the survey, are being sent today. Students and staff who started at the university before April 2010 will receive a reminder email from Vice President Marilyn Sanders Mobley. Full-time faculty hired before April 2010 will receive a reminder email from Provost Bud Baeslack. The faculty survey is a follow-up to the climate survey conducted in 2007 and will help the university learn more about how faculty view the quality of the academic community on campus. Results will be compared to those from similar surveys of faculty at other research universities.

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Students, staff, faculty and community members are invited to start signing up teams for the CWRU Relay For Life. There will be a Relay For Life Kickoff event at 12:30 p.m. today in Thwing Atrium, where students can choose to become more involved in the relay, as well as to raise awareness for the event in April.  Students may also sign up a team at the kickoff.  There will be free food from local vendors. The 18-hour fundraising event is scheduled for April 15 and April 16. The goal is to raise $70,000 this year in support of the American Cancer Society. Information is available online.

For Faculty and Staff

Have you ever sat at your desk and wondered, Who can I call for help with this invoice? Or, why didn’t I know about that great event? Welcome to adminpros@case.edu, an email listserv created especially for administrative professionals at CWRU and supported by the Flora Stone Mather Center for Women. The purpose of adminpros@case.edu is to enhance the success of administrative professionals by providing an opportunity to share resources, exchange ideas, and develop professional relationships with one another. Visit lists.case.edu and search “adminpros” to subscribe today.

For Students

An information session about a course that combines learning about Chile’s business and environmental issues with a spring break trip to Chile–MGMT 458: International Institute, Sustainability–will be 5:30-6 p.m. next Tuesday at the Weatherhead School of Management, Peter B. Lewis Building, Room 3. Another session will be Dec. 9. In this course you will learn about industrial and environmental issues in Chile’s mining sector, as well as the history, culture, and business environment in Chile. The course is built around a visit to Chile during spring break, March 4-13, 2011, that will take you to the capital, Santiago, and to the ruggedly beautiful mining area of the Atacama Desert. You will meet with executives from local companies and visit mining sites to discuss sustainability-related issues in addition to exploring the capital city. More information is available online.

Events

Culture, Creativity and Design invites you to an information session for the upcoming Interdisciplinary Alliance Investment Grants. Learn more about the Culture, Creativity and Design Alliance. Learn more about the proposal process. Find out if your idea might fit, 2-4 p.m. Dec. 1 at Clark 206. More information is available online.

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The CWRU International Club and the Office of International Student Services are hosting the annual International Thanksgiving Dinner at 7 p.m. Friday in The 1914 Lounge of the Thwing Student Center. We will be serving a traditional American Thanksgiving meal, complete with turkey, mashed potatoes, cranberry sauce, pumpkin pie, and much more. There will be lots of delicious side dishes so our vegetarian guests will not go hungry. Tickets are on sale now in the ISS Office, Sears 210. The cost is $3 for undergraduate students, $5 for graduate students and others, and $1 for children age 7 and under.

 

The views and opinions of those invited to speak on campus do not necessarily reflect the views of the university administration or any other segment of the university community.

Et al.

Anurag Gupta, associate professor banking and finance at the Weatherhead School of Management, was published in a China Business News feature, “Financial Sector Development in the US: What can we learn from it?” The article about the financial sector collapse of 2008 was published Tuesday. A reproduction of the article is available online.

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Wulf Utian, MD, PhD, professor emeritus and former chairman of Reproductive Biology at Case Western Reserve University, has published The Utian Strategy – Is this My Problem or Is this Your Problem? The book addresses how to manage problems (or avoid them) at home, at work and in life in general. The author says the book is written in the tradition of The Peter Principle and Parkinson’s Law.

Nov. 19, 2010

A daily newsletter published by the Office of Marketing & Communications, Case Western Reserve University. Submit items for inclusion to: case-daily@case.edu.

In the News

Wal-Mart vs. a Million Angry Women

Businessweek.com, Nov. 18, 2010
The U.S. Supreme Court, with a conservative majority led by Chief Justice John Roberts, tends to be skeptical of what it views as lawyer-driven litigation. The Roberts court is “skeptical of litigation as a policy tool,” says Jonathan Adler, a business law professor at Case Western Reserve University.

Is Technology Tempting You to Cheat?

Foxnews.com, Nov. 18, 2010
In a new study about teens, which might also apply to adults, Case Western Reserve University School of Medicine reported that teens who "hyper-text" and "hyper-network" on social networks are more likely to have had sex, or to have used alcohol or drugs or to engage in other risky behaviors.

Cleveland Fed President Pianalto Encouraged About Bond Move

Cleveland.com, Nov. 18, 2010
President Sandra Pianalto of the Federal Reserve Bank of Cleveland, speaking Thursday to business students at Case Western Reserve University, says inflation expectations are moving in the right direction since the Nov. 3 Fed announcement to buy $600 billion in Treasury bonds.

Novel Approach Shows Promise For Cystic Fibrosis

Medicalnewstoday.com, Nov. 18, 2010
An investigational drug, VX-770, appears to be effective in treating a defective protein in cystic fibrosis patients, in a study that Case Western Reserve University School of Medicine researchers are participating in.

Higher Ed News

Anthropology Group Restyles Its Offerings to Lure Nonacademics

Chronicle of Higher Ed, Nov. 18, 2010
Roughly half of all anthropologists work outside of academe—a number that is fundamentally changing American Anthropological Association, an 11,000-member organization that has historically catered to college professors.