Business & Entrepreneurship

Spurred by concerns over China’s booming economy, the Bush administation plans to crank-up pressure on Chinese authorities to curtail the rampant theft of intellectual property — the black market in pirated films, software and equipment that costs American companies billions in lost sales. While anti-piracy rhetoric plays well in Washington, a new book on the “Politics of Piracy” in China suggests that external diplomatic pressure will have little effect on China’s ability to enforce international norms on copyrights, trademarks and patents. “The key to gaining enforcement of those laws lies at the local level,” says the book’s author, WUSTL China specialist Andrew Mertha.

Skandalaris Center for Entrepreneurial Studies at WUSTL launches the St. Louis Entrepreneurship Innovation Competition on Thursday, Sept 8 at 5 p.m. in Simon Hall featuring University City Loop entrepreneur, Joe Edwards. The competition is the first of its kind in the region. Participants with the best concepts will be awarded funding of $65,000.

How much are these seats really worth?That teams sell tickets at prices far lower than their market value may seem to contradict economic logic. On average people who buy NFL tickets from scalpers online pay more than 50 percent above a ticket’s face value. Markups are even higher in football-loving locales such as Green Bay and New England. Despite the disparity between face value and street value, a professor at the Olin School of Business at Washington University in St. Louis says it actually makes sense that owners don’t jack up ticket prices even more.

LaRussaThe Washington University Assembly Series will have an unorthodox start to its fall schedule with a talk by Cardinals’ manager, Tony La Russa at 11 a.m. Sept. 7 in Graham Chapel. The rest of the series features speakers on a wide range of topics including politics, economics, writing, history, religion, medicine, literature, evolution, space exploration, social justice and the Holocaust.

Below is a link to the Washington University news release about the U.S. News & World Report undergraduate rankings for 2004-05: http://news-info.wustl.edu/news/page/normal/3627.html To view a full listing of U.S. News magazine, book and Web-only rankings for 2004-05, please visit the U.S. News & World Report site: http://www.usnews.com/usnews/edu/college/rankings/rankindex_brief.php

Photo by David KilperLars Angenent (right) and Jason He examine the upflow microbial fuel cell, which can turn wastewater into electricity.The upflow microbial fuel cell is fed continually and works with chambers atop each other rather than beside each other.

Written in a plainspoken and often humorous style, the memoir offers a fresh and engaging perspective on Reagan’s leadership style and motivations.

For nearly a quarter century, Murray Weidenbaum has said little about what it was like to serve as the first chairman of President Ronald Reagan’s Council of Economic Advisers, a role in which he was a primary architect of policies later known as “Reaganomics.” Now, one year after Reagan’s passing, Weidenbaum has issued a brief memoir detailing his years as the president’s chief economic adviser.

David Kilper / WUSTL PhotoAngenent and He’s microbial fuel cell may be scaled up for industrial use.An environmental engineer at Washington University in St. Louis has created a device similar to a hydrogen fuel cell that uses bacteria to treat wastewater and create electricity. Lars Angenent, Ph.D., assistant professor of Chemical Engineering, and a member of the University’s Environmental Engineering Science Program, has devised a microbial fuel cell which he calls an upflow microbial fuel cell (UMFC) that is fed continually and, unlike most microbial fuel cells, works with chambers atop each other rather than beside each other.

In the global economy, running a business is especially risky when finance and operations are ignorant of the other’s business. The risk factors go beyond the usual challenges of matching supply and demand to include unanticipated commodity price shocks, volatile exchange rates, and unexpected supply disruptions as a result of forces beyond our controls, such as physical disasters and terrorist attacks. Rather than let companies discover the perils the hard way, Professor Panos Kouvelis of the Olin School of Business at Washington University in St. Louis is spearheading efforts in academia to create models of how finance and operations can work together to achieve maximum success.