in_the_media

Efforts to fix mortgage crises should keep 'savers' in mind

Media Outlet: 

Philadelphia Inquirer

There are two sides to a mortgage transaction: the debtor and the saver, who is too often forgotten in the rush to bail out debtors, explained Temple economist Bill Dunkelberg in his Inquirer column "Small Matters." If the debtor doesn't repay some or all of the money owed, the saver loses, dollar for dollar. "Savers are important to our economy. We should be careful not to discourage them," he wrote.

in_the_media

Local entrepreneur takes action to get Americans back to work

Media Outlet: 

Philadelphia Inquirer

Motivated by President Obama's speech promoting the American Jobs Act, Christopher Young, a fledgling entrepreneur, came up with a give-away plan for his new video-recruiting company, Async. Each of the first 100 companies to sign up will receive 50 free video interviews. It's a "very clever" way to demonstrate the technology, said Dwight Carey, a professor and adviser at Temple's Innovation and Entrepreneurship Institute. Tying the approach to the jobs speech is likely to get Async "a lot of mileage," Carey said.

in_the_media

No easy answer to reforming credit-rating companies 

Media Outlet: 

Bloomberg

Regulators remain divided about how to create a better system for credit rankings in the $43 trillion global debt market. The Dodd-Frank Act, signed into law last year to overhaul financial regulation, requires government agencies to replace ratings with another standard for creditworthiness, without providing a solution.

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