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May 13 -
19, 2005
This internal publication contains information about recent coverage
of Carnegie Mellon that appeared primarily in national newspapers, magazines
and online publications. Please note that some sources may require registration
or a subscription in order to access their information online.
Please send comments and suggestions to thomas@cmu.edu
The media coverage archive is available at www.cmu.edu/clips
From May 13 - 19,
Carnegie Mellon Media Relations counted 335
references to the university in worldwide publications. Here is a sample.
National News Stories
Washington Post | May 19
The Chronicle of Higher Education | May 18
MSNBC | May 17
The New York Times (ASSOCIATED PRESS) | May
17
Philadelphia Inquirer | May 14
Qatar Campus
The Gulf Times, Qatar | May 17
MySan, Germany | May 16
Student Experience
Tribune-Review | May 16
Post-Gazette | May 16
Arts and Humanities
The Morning Call | May 19
Tribune-Review | May 19
Post-Gazette | May 17
Post-Gazette | May 15
Tribune-Review | May 13
Information Technology
InformationWeek | May 16
Post-Gazette | May 16
Los Angeles Times | May 15
Regional Impact
Post-Gazette | May 19
Post-Gazette | May 17
Tribune-Review | May 13
Local News Stories
Pittsburgh Business Times | May 16
Post-Gazette | May 15
Tribune-Review | May 15
Tribune-Review | May 14
Post-Gazette | May 13
Post-Gazette | May 9
International News Stories
Bloomberg, UK | May 19
Bloomberg, UK | May 18
News in Science, Australia | May 16
Bloomberg, UK | May 13
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National News Stories
Washington Post | May 19
Federal Reserve Board member Edward M. Gramlich said yesterday he will
leave the central bank in late summer, giving President Bush two openings
to fill on the powerful panel this year just months before he is to
name a new chairman. Gramlich, 65, a self-described "liberal Democrat,"
is the only member of the seven-member Fed Board of Governors who was
not appointed or reappointed by Bush since he first took office in 2001.
The current degree of turnover among officials is "large, but it's
happened before," particularly in the economically turbulent 1970s,
said Allan H. Meltzer, author of "The History
of the Federal Reserve." After naming Gramlich's replacement, Bush
will have appointed or reappointed the entire board, making him the
first president to do so since Ronald Reagan, said Meltzer, a professor
at Carnegie Mellon University's Tepper School of Business.
http://www.washingtonpost.com/wp-dyn/content
/article/2005/05/18/AR2005051802189.html | back to
top
The Chronicle of Higher Education | May 18
The National Science Foundation on Monday announced the winners of the
2004 Presidential Award for Excellence in Science, Mathematics, and
Engineering Mentoring. Nine people and five institutions were honored
at a White House ceremony for their excellence as mentors in science,
mathematics, and engineering and for encouraging women, members of minority
groups, and people with disabilities to pursue studies in those fields.
Each of the honorees will receive a $10,000 grant. The individual recipients
[include] Lenore Blum, a professor of computer science
at Carnegie Mellon University, in Pennsylvania.
http://chronicle.com/prm/daily/
2005/05/2005051804n.htm | back to top
MSNBC | May 17
Like species themselves, genes evolve over time. Some sections of their
DNA coding get duplicated and added to the mix, while others get snipped
out. Then there are smaller genetic shifts, in which individual molecular
"letters" within the code are changed. If you could analyze
all those changes correctly, you could trace back the chronology of
all those changes, like tracing back the twigs and branches of an evolutionary
tree. But conducting that kind of "genetic archaeology" is
a huge computational task, with thousands of possible scenarios for
reconstructing how genes have developed over time. To make that task
easier, researchers at Carnegie Mellon University have
developed a new software tool, and this week they made it freely available
over the Web: The program, called "Notung," sifts through
those thousands of potential evolutionary trees and helps biologists
select the one that suits the data most cleanly and efficiently. The
program could help scientists see how harmful microbes and weeds adapt
their genetic coding to become more resistant to medications or pesticides,
said Dannie Durand, a biology and computer science
professor at Carnegie Mellon. "The first thing you might do is
use our program to figure out what genes might have been recently duplicated,"
she said.
http://msnbc.msn.com/id/3217961/
| back to top
The New York Times (ASSOCIATED PRESS) | May 17
Corporate insiders who sabotage computers so sensitive they risk endangering
national security or the economy commonly are motivated by revenge against
their bosses, according to a government study released Monday. The study,
paid for by the Department of Homeland Security, examined dozens of
computer-sabotage cases over six years to determine what motivates trusted
insiders to attack and how their actions damage the country's most sensitive
networks and data. The review described most attackers as disgruntled
workers or former employees -- typically working in technology departments
-- who were angry over disciplinary actions, missed promotions or layoffs.
The attacks included deleting vital software or data, posting pornography
on an employer's Web site or crippling whole networks. Most of the attacks
cost employers less than $20,000 in damages, but at least two of the
sabotage cases cost more than $10 million in damages, according to the
report, released by the Secret Service and the U.S.-funded CERT Coordination
Center at Carnegie Mellon University. Previously known
as the Computer Emergency Response Team, CERT was created to study software
flaws.
http://www.nytimes.com/aponline
/technology/AP-Computer-Sabotage.html | back to top
Philadelphia Inquirer | May 14
To the teams of researchers analyzing photographs and other data beamed
back to Earth by the Mars rovers, Geb Thomas is equal parts detective,
optometrist and quality control manager. Thomas, an engineering professor
at the University of Iowa, helps NASA geologists interpret what they
see - helping them to avoid confusing pebbles with boulders as they
scan the dusty, Martian landscape with a pair of rolling robots. "Driving
a robot is like walking by, only looking through a paper towel tube.
It's not easy," said Thomas, who was awarded a three-year $835,000
grant to continue his piece of the Mars exploration. "Looking through
the eyes of a robot are so difficult," said David Wettergreen,
the project manager and assistant professor at Carnegie Mellon
University. "The geologists know how to survey and assess at a
field sight, and make quick assumptions about formations and events.
What the research is showing that's so interesting is what is it about
using a robot, rather than yourself to explore a site, that makes things
so much more difficult and complex."
http://www.philly.com/mld/philly/news/11643039.htm
| back to top
Qatar Campus
The Gulf Times, Qatar | May 17
The Carnegie Mellon University in Qatar (Carnegie MellonQ)
has announced the first-ever international Botball Robotics Challenge
to be held outside the US. The tournament is scheduled for May 21 at
the Qatar Academy gym at Qatar Foundation’s Education City from
10am to 2pm. The event, featuring teams from local secondary schools,
is being held to conclude Carnegie MellonQ’s first robotics club
programme. The contest will be judged by a panel of faculty from Carnegie
MellonQ’s main campus in Pittsburgh, US. The judges include Matthew
Mason (professor of computer science and robotics and director
of the Robotics Institute) and Illah Nourbakhsh (associate
professor of robotics, the Robotics Institute). Professor Nourbakhsh
is currently at the Ames Research Center in NASA serving as robotics
group leader. Botball in Qatar is the brainchild of Carnegie MellonQ
dean Dr Charles Thorpe, who started robotics clubs
in some secondary schools in October 2004 with the help of his son Leland.
http://www.gulf-times.com/site/topics
/article.asp?cu_no=2&item_no=36729&
version=1&template_id=36&parent_id=16 | back
to top
MySan, Germany | May 16
Carnegie Mellon University in Qatar is pleased to announce
it will conclude its first robotics club program with a tournament featuring
teams from area schools. The upcoming Botball Robotics Challenge will
be the first international competition of its kind ever held. Scheduled
to take place at the Qatar Academy gym on Saturday, May 21, 2005 from
10 a.m. to 2 p.m., the contest will be judged by faculty from the university’s
main campus. Botball is a unique approach to robotics curriculum that
emphasizes learning through practical application. The program was developed
in 1993 in the U.S. by the KISS Institute for Practical Robotics (KIPR)
( www.kipr.org), and this is the first international chapter to host
a competition. Using Lego kits provided by Carnegie Mellon Qatar to
create the robots, students write the programs in C language, one of
the most popular computer languages used in science and business.
http://www.mysan.de/article107022.html
| back to top
Student Experience
Tribune-Review | May 16
A long-established relationship between Carnegie Mellon
University and the Hill House Association could one day literally yield
fruit -- in the form of a fresh food grocery store in the Hill District.
A team of eight students has drafted a blueprint for a store to open
in a neighborhood that for years has cried out for easier access to
fresh produce and other basic necessities. The store would be unique
because it would be operated as a nonprofit business. Past proposals
for grocery stores had always called for them to be for-profit businesses.
"The plan they lay forth provides a new thinking," said Evan
Frazier, executive director of the Hill House Association, a social
service mainstay in the Hill District. The students' sophisticated proposal
-- which includes a business plan and financial analysis -- scored the
top prize in the JP Morgan Chase Community Development Competition earlier
this month.
http://pittsburghlive.com/x/tribune-review
/trib/pittsburgh/s_334634.html | back to top
Post-Gazette | May 16
A team of eight Carnegie Mellon University students
has won a national prize for creating a blueprint that brings a grocery
back to the Hill District. Each year, the JP Morgan Chase Community
Development Competition evaluates student projects that seek to show
how investing in high-risk areas can turn neighborhoods around and that
universities and local communities can work together. The students'
win means $25,000 will go to the Hill House, a neighborhood social services
agency, as seed funding to pursue the grocery plan. The Carnegie Mellon
team designed a two-story brick store. It would feature large windows
and be environmentally friendly, using recyclable materials and having
a grass-covered roof to absorb rainfall. The second level would offer
small-business office space and there would a street-level outdoor cafe,
planned as a social center to attract pedestrians and churchgoers.
http://www.post-gazette.com/pg/05136/505220.stm
| back to top
Arts and Humanities
The Morning Call | May 19
Carnegie Mellon University is developing a simulator
for firefighters designed to fill the gap between classroom or firehouse
lectures and mock disasters. For three years, professor Jesse
Schell and teams of graduate students have been working on
''Hazmat: Hotzone,'' a networked, multiplayer simulator that's a virtual
disaster drill for dealing with hazardous materials. A prototype has
been tested by emergency officials in New York and southwestern Pennsylvania.
When it's finished, Carnegie Mellon plans to provide the program free
to firefighting training centers nationwide.
http://www.mcall.com/business/local/all-carnegiemay
19,0,2411245.story?coll=all-businesslocal-hed | back
to top
Tribune-Review | May 19
It's been seven years since the last Masters Visual Artists exhibition,
so the latest installment, "Master Visual Artists V," on view
at the Pittsburgh Center for the Arts is long overdue. As in years previous
-- 1991, '93, '96 and '98 -- the exhibition features the work of 10
local artists and reflects the mission of this exhibition series laid
down since its inception: to recognize mature local artists whose work
over the years has not only shown excellence and continues to be challenging,
but has had an influence on the visual arts within the region...A professor
of architecture at Carnegie Mellon and onetime Associate
Dean of the College of Fine Arts (1994-96), [Douglas]
Cooper has focused on creating large-scale panoramic
murals of cities in the United States and abroad since 1990. That's
when he created his first such mural, "Visible City," which
was of Pittsburgh and like all of his murals since, incorporates stories
and memories of some of the city's elderly residents.
http://pittsburghlive.com/x/tribune-review/
entertainment/arts/s_335648.html | back to top
Post-Gazette | May 17
Designer Mel Bochner and landscape architect Michael Val Valkenburgh
collaborated to create a garden featuring a French curve-shaped platform
in the Kraus Campo at Carnegie Mellon University. Located
between the Tepper School of Business and the College of Fine Arts,
the garden was dedicated yesterday. It is a gift from Carnegie Mellon
trustee Jill Gansman Kraus, a 1974 alumna, and her
husband Peter.
http://www.post-gazette.com/pg/05137/505398.stm
| back to top
Post-Gazette | May 15
In trying to explain American's fascination with stories of recovery,
a friend recently remarked: "Americans like the saved; they're
not so fond of the drowned." Understandably then, the conventions
of narrative fiction make us expect that stories will progress to some
sort of resolution. The story in A.L. Kennedy's disturbing new novel
starts off so bleakly that the assumption is that Hannah Luckcraft,
the protagonist, will recovery from her alcoholism. That doesn't happen.
Please note: writer Sharon Dilworth is a fiction writer
who teaches at Carnegie Mellon University.
http://www.post-gazette.com/pg/05135/504244.stm
| back to top
Tribune-Review | May 13
Ashley Bryan, 18, and Fuzhou Hu, 17, are hunkered down over a mound
of masonite panels built up to resemble a forgotten corner of Schenley
Plaza between Pitt's Frick Fine Arts building and the Hillman Library.
Using sticks of balsa wood and chunks of blue foam insulation that represent
an auto body shop and a movie theater, they're trying to figure out
how to redesign the relatively unused space that still contains a remnant
of a wall that once surrounded Forbes Field...30 participants have broken
up into five teams of six participants each -- three high school students,
two college students from Carnegie Mellon's School
of Architecture and one professional architect -- and have been exploring
design solutions to site-specific architectural challenges by participating
in a weeklong charette, a brainstorming design studio that will culminate
in a broad-ranging public discussion on Saturday.
http://pittsburghlive.com/x/tribune-review/
entertainment/events/s_333794.html | back to top
Information Technology
InformationWeek | May 16
Is your company looking for greater value in its portfolio of Web-development,
database, and business-intelligence applications? First, you must determine
how proficient your employees are in navigating and mastering their
current applications, and which software features they use most often
to complete jobs or the tasks at hand. To help address these questions,
InformationWeek Research, in partnership with Carnegie Mellon
University's Institute of Software Research International, surveyed
378 business-technology professionals about their recent use of software
packages for Web-page creation, spreadsheet development, database management,
and business-intelligence reporting.
http://www.informationweek.com/story/
showArticle.jhtml?articleID=163102092&tid=5979 | back
to top
Post-Gazette | May 16
The day when doctors routinely made house calls may be past, but that
doesn't mean that someday you won't routinely see your doctor in your
home -- with emphasis on "see." That is to say, your doctor
could physically work out of her office. But a three-dimensional lookalike,
assembled from perhaps a billion tiny, BB-like robots, could be her
stand-in in your home. She could talk with you, touch you, look at you,
all under the control of the real, if distant, doc. After the examination,
she could be disassembled, leaving behind a big pile of beads. Or the
beads might reassemble into a piece of moving sculpture, or turn into
a chair. "I don't think 3-D TV is out of the question, either,"
said Seth Goldstein, a computer scientist at Carnegie
Mellon University who is trying to figure out how to use, build
and control these amalgams of tiny robots. Not a single such robot yet
exists; building the one-millimeter diameter robots that Goldstein envisions
is beyond current technology. And he acknowledges it could be decades
before a synthetic doctor is possible, much less affordable.
http://www.post-gazette.com/pg/05136/505033.stm
| back to top
Los Angeles Times | May 15
In the 23rd century, people will use a gizmo that looks suspiciously
like a flashlight to communicate with alien species. That's in the world
of "Star Trek." In the here and now, a small Marina del Rey
company is working on technology that could lead to a "universal
translator" for the real world...Indeed, computers will not be
able to match human translators for many years, experts say. "Bringing
quality to computerized translations over a broad range of materials
is akin to achieving artificial intelligence," said Robert
Frederking, senior systems scientist at Carnegie Mellon
University's Language Technologies Institute in Pittsburgh. "Language
is intrinsically tied to what we do as humans. To solve the big problems
in language, you have to solve A.I."
http://www.latimes.com/technology/la-fi-language
15may15,1,4118540.story?coll=la-headlines-technology | back
to top
Regional Impact
Post-Gazette | May 19
The only time being stripped of a title is a positive development is
when you lose the word "interim." That's what the Bach Choir
of Pittsburgh has done with conductor Thomas Wesley Douglas,
naming him its new artistic director. Douglas, who had served the past
season as interim director, succeeds Brady Allred in the position. Terms
were not disclosed. Douglas is on the faculty of Carnegie Mellon
University, where he conducts the Vocal Jazz Ensemble and lectures.
He was musical director of the Pittsburgh Public Theater, chorus master
of the Canton Symphony and assistant conductor of the Mendelssohn Choir.
He founded Pittsburgh Chorale-East and the Pinnacle Players.
http://www.post-gazette.com/pg/05139/506740.stm
| back to top
Post-Gazette | May 17
Carnegie Mellon University computer science professor
Lenore Blum was honored Monday by the White House for her efforts
to mentor girls and women in technology fields where traditionally they
are underrepresented. Blum was one of nine people and five institutions
to receive the 2004 Presidential Award for Excellence in Science, Mathematics
and Engineering Mentoring at a ceremony in Washington, D.C., presided
over by John Marburger, science adviser to President Bush and director
of the federal Office of Science and Technology Policy.
http://pittsburghlive.com/x/tribune-review/
trib/regional/s_334937.html | back to top
Tribune-Review | May 13
Student achievement, a new teachers contract and a lack of communication
among board members are among the issues the 10 candidates for the Franklin
Regional School Board listed as areas in which the district is in need
of improvement. The candidates, including two incumbents, are Roberta
Cook, Dick Kearns, Rachelle Dever, Paul Scheinert, Bill Evans, Carolyn
Graham, Vicki Helgeson, Lynn Gurrentz, Joseph Seymour,
and Michael Gigliotti. "What I would do is try to form a better
relationship with those groups," said Helgeson, a professor at
Carnegie Mellon University. "I think you listen,
you try to listen and you form a more interactive relationship by letting
people have their say. I think parents don't feel their input is welcome.
I don't have any history with the school district, so I would hope that
I am one of those people who could come in and listen to the evidence
on all sides in an atmosphere of mutual respect and make a good decision."
http://pittsburghlive.com/x/tribune-review/
education/s_333872.html | back to top
Local News Stories
Pittsburgh Business Times | May 16
Carnegie Mellon University said Monday it is near a
deal to offer graduate programs in Australia by next year. The Pittsburgh
university's H. John Heinz III School of Public Policy and Management
would offer the graduate degrees through a branch program arrangement.
In a news release, Carnegie Mellon said the South Australian State Government
will introduce a bill this week providing funding and space for the
Heinz School to offer two of its popular technology and management degree
programs. The Heinz School said it hopes to offer its master of science
in information technology and an M.S. in public policy and management
in early 2006 through this branch of the Heinz School.
http://pittsburgh.bizjournals.com/pittsburgh/
stories/2005/05/16/daily2.html | back to top
Post-Gazette | May 15
Contemporary executive compensation is largely a case of rewarding X
while hoping for Y. Let me explain. Imagine that you hold stock in a
firm where the chief executive officer's pay is set to match the pay
of the other CEOs that sit on the company's board, even though their
companies are in entirely different industries. Or, imagine that a company
you invested in has just publicized a major downsizing, causing the
stock to spike in time to reap a windfall for the CEO whose pay is tied
to the stock price. Now stop imagining, because both of these scenarios
are the rule rather than the exception in the United States. Executive
compensation today is largely a case of paying for X while hoping for
Y, a situation that doesn't ultimately benefit the company, its investors
or its employees. Please note: writer Denise M. Rousseau
is the H.J. Heinz II professor of organizational behavior and public
policy at the Heinz School of Public Policy and Tepper School of Business,
Carnegie Mellon University.
http://www.post-gazette.com/pg/05135/504481.stm
| back to top
Tribune-Review | May 15
The engines keep starting, but the steam often has run out on the Pittsburgh
region's efforts to grow major new technology companies. Despite extensive
economic development efforts, the region so far has yet to come up with
a technology company that seems likely to do for modern-day Pittsburgh
what the likes of industrial giants U.S. Steel and Westinghouse Electric
accomplished in years gone by...On the positive side, the Pittsburgh
region was ranked 66th, or in the top third of the nation's 200 largest
metro areas, for technology sector output over a five-year period in
the "Best Performing Cities" study produced by the Milken
Institute, a Santa Monica, Calif.-based think tank. "Pittsburgh
does have its stars," insists Donald Smith, director
of economic development for Carnegie Mellon University
and the University of Pittsburgh. They include local ventures who have
been acquired by major out-of-town companies, he said.
http://pittsburghlive.com/x/tribune-review/
business/s_333416.html | back to top
Tribune-Review | May 14
When it comes to buying parts for the electric power distribution products
he makes, Joel Ross faces a dilemma the government hasn't solved. Ross
must decide between buying electrical junction boxes made by a Canonsburg-area
manufacturer or Chinese-made boxes that cost 28 percent less. The primary
reason for the cost differential, said Ross, president of Universal
Electric Corp. of Bridgeville, is that China's currency is artificially
undervalued vs. the dollar. Ross hasn't stopped buying from the local
supplier, he said Friday at a Pittsburgh Technology Council program
at the Omni William Penn Hotel, Downtown. But his competitors will be
able to buy the product at the cheaper price, giving them an advantage...The
Chinese are good at saying they will resolve the problem with their
currency, but "they never put a date on it," said Allan
Meltzer, a professor of political economy at Carnegie
Mellon University and an international monetary expert.
http://pittsburghlive.com/x/tribune-review/
business/s_334214.html | back to top
Post-Gazette | May 13
Carnegie Mellon University's connections with and involvement
in the automobile industry will continue to grow because of the excellence
of its programs, a General Motors official said yesterday. "Carnegie
Mellon's technology departments are some of the best in the world and
we have used them for computer science, hired their graduates. They
also have some of the best digital information technology available
of any university in the world," Ralph Szygenda said in a telephone
interview. "They certainly have great engineering programs there,
too."
http://www.post-gazette.com/pg/05133/503804.stm
| back to top
Post-Gazette | May 9
Harry Stonecipher was scorched by his own e-mail when the message found
its way into a reporting system he created at Boeing Co. to help the
firm rebound from a string of scandals. Boeing directors asked Stonecipher,
68, to step down as president and chief executive officer of the Chicago-based
company on Monday after his extramarital affair with another Boeing
employee came to light when a tipster sent an excerpt from a "very
graphic" e-mail to the company's ethics officer...Many major corporations
have formal policies concerning relationships between employees, according
to a 2003 American Management Association survey. "Whether it's
enforced is always a question," said Dale Hershey,
who teaches business law and ethics at Carnegie Mellon's
Tepper School of business.
http://www.post-gazette.com/pg/05068/468373.stm
| back to top
International News Stories
Bloomberg, UK | May 19
The World Bank, the largest financer of projects in developing nations,
is failing in its mission to reduce poverty in the poorest countries
by paying too little attention to boosting economic growth, an internal
audit found. In the past 15 years, the bank put too much emphasis on
social development and cut spending on bridges, dams, pipelines and
other projects that have a more dramatic impact on economic growth,
according to the report, obtained by Bloomberg News. "In the World
Bank's defense, even an outspoken critic of the bank can recognize that
many things beyond its control determine poverty and growth in poor
countries," said Adam Lerrick, an economist at
Carnegie Mellon University in Pittsburgh and a member a 2000
congressional panel that evaluated World Bank policies. "However,
no one outside the bank, and few people inside, know how effective the
bank is," Lerrick said.
http://www.bloomberg.com/apps/news?pid=10000086&
sid=a8.UvttQ3C8M&refer=latin_america | back to
top
Bloomberg, UK | May 18
Frank Gorshin, the actor and impressionist who played Batman's nemesis
the Riddler on the 1960s television series, died yesterday at a California
hospital. He was 72. Gorshin died yesterday at Providence Saint Joseph
Medical Center in Burbank from complications of lung cancer, pneumonia
and emphysema, his agent Fred Wostbrock said in an interview. The actor
was nominated for an Emmy award for his portrayal of the Riddler in
the Batman television series, which ran from 1966 to 1968. He elevated
the villain, who wore a green suit emblazoned with a question mark,
from a minor character in the comic books to one of Batman's major recurring
enemies. He also played the role in the 1966 film version. Gorshin was
born April 5, 1933, in Pittsburgh. He won a one- week stint at the Carousel
nightclub in a talent show at age 17, according to his Web site. Two
days before the week was to begin, his 15-year-old brother was struck
and killed by a car. He attended Carnegie Tech, now called Carnegie
Mellon University, after graduation from high school and worked
in plays and at nightclubs in the Pittsburgh area. He entered the U.S.
Army in 1953 and served in the Korean War, entertaining troops while
in the Special Services.
http://www.bloomberg.com/apps/news?pid=
10000103&sid=ar9Yp2mf1XTE&refer=us | back
to top
News in Science, Australia | May 16
A bug-like robot inspired by insects that skate across water has been
engineered by US scientists. The machine provides deeper insight into
how these long-legged bugs known as water striders or pond skaters,
move. It also gives engineers a new paradigm for thinking about how
to build fast, maneuverable devices. "By looking at nature, we
have found a very efficient solution for locomotion on water,"
says Assistant Professor Metin Sitti, whose team built
the robot at Carnegie Mellon University in Pittsburgh.
The machine is a little over 7 centimetres long, and looks and moves
very like a real insect.
http://abc.net.au/science/news/stories/s1369282.htm
| back to top
Bloomberg, UK | May 13
Only one guest attended both Alan Greenspan's 50th birthday party and
his 75th: Vice President Dick Cheney. Cheney is likely to be a central
player in figuring out who will replace the Federal Reserve chairman
when Greenspan's non-renewable term as a governor expires in January
2006. It will be one of the most important decisions President George
W. Bush makes in office, and Cheney is alone in the administration in
having long-standing personal and professional relationships with both
Greenspan and the president. Ben Bernanke, Martin Feldstein, and R.
Glenn Hubbard topped the list of people Bush is most likely to choose
for the chairmanship in a survey of 87 Wall Street professionals conducted
from April 26 to May 3 by Stone & McCarthy Research Associates,
a Skillman, New Jersey, economics firm. Hubbard, who is no relation
to Al Hubbard, was chosen by 12.6 percent in the survey. Administration
officials say the president likes Hubbard, and economists regard his
work highly. "He is a very good economist, and Bush likes him,"
said Allan Meltzer, a professor of political economy
at Carnegie Mellon University in Pittsburgh and a Fed
historian. He may be viewed as a more political appointment because
of his direct role in shaping and defending the Bush tax cuts.
http://www.bloomberg.com/apps/news?
pid=10000103&sid=aHfdbFwz2vhs&refer=us | back
to top
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