UO E-Clips is a daily report prepared by the Office of Communications (http://uonews.uoregon.edu/) summarizing current news coverage of the University of Oregon.
Media mentions for December 11
USA Today: The Federal Reserve is expected to take another step Wednesday to stimulate the lackluster recovery by agreeing to buy more Treasury bonds to push down long-term interest rates. Fed policymakers meet for two days, Tuesday and Wednesday. They also could approve new strategies for communicating to the public and financial markets when they expect to raise a benchmark short-term interest rate, now near zero ... Tim Duy, author of the Fed Watch blog and a University of Oregon economics professor, anticipates $25 billion to $40 billion in monthly purchases.
The Register-Guard: Oregon’s economy is on track to grow as it heads into 2013, but the recovery continues to be sluggish, according to a University of Oregon index that charts the state’s economic activity. The state’s economy picked up slightly in October, fueled by a drop in initial jobless claims and a gain in building permits. But economic weakness internationally and the possibility of tighter U.S. fiscal policy threaten next year’s forecast, said economist Tim Duy, author of the index ... “Some of the pessimism about the cliff might be working its way into the public mind a little bit more,” Duy said.
Late mentions for December 10
The New York Times: The mother was trying to hold the baby still, and I was pulling gently on the ear, angling for a better look at the infant’s eardrum. The wriggling baby didn’t like any of it, and her whimpering quickly turned to full-fledged wails. Suddenly the baby’s 3-year-old brother, an innocent bystander in no danger of having his own ears examined, began to wail as well ... “Charitable giving can activate the same pleasure-reward centers, the dopaminergic centers, in the brain that are very closely tied to habit formation,” said Bill Harbaugh, an economist at the University of Oregon who studies altruism. “This suggests it might be possible to foster the same sorts of habits for charitable giving you see with other sorts of habits.”
OPB: Northwest foreclosures were hot properties this fall ... But there are some who say foreclosures aren't necessarily serving that purpose in the current economic climate. Mark Thoma is a professor of Economics at the University of Oregon in Eugene.“Generally,” Thoma says, “you want to use foreclosure as a method of disciplining people when they've made poor decisions. So the extent to which you're foreclosing people who've done the wrong thing, speculated in the market, people take a risk, it hasn't paid off, then I think foreclosure serves a useful role. Where it all breaks down from a market perspective is when things happen people couldn't see coming things happen out of their control.”
The Oregonian:Oregon's manufacturing and construction sectors fueled the state's economic growth in October, according to a new University of Oregon report ... The gauge tracks the state's growth since 1990 and shows that it is currently growing slower its norm over the last two-plus decades, UO Economist Tim Duy said in a press release ... In October, Oregon's construction sector added 500 seasonally adjusted jobs. That offset a decline from September, Duy said. Manufacturing hours also made gains that month, he said, bucking a national trend.