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LCB in the News

The Philadelphia Inquirer-November 5th, 2009

Roger McCain, Ph.D., professor of economics, was quoted in a Philadelphia Inquirer article about what the Septa stike is costing the region. 

The biggest direct cost we all experience is time lost. McCain, who said it took him 25 minutes to drive from 30th to 34th Streets on Market Wednesday morning, said time is the ultimate scarce resource. Scarcity is what economics is all about.

Maria Olivero, assistant professor of economics at LeBow College of Business, was quoted on an article in Rapaport titled "The Consumer Psyche."

“It is the American consumer that drives the world economy,” says Olivero.  While business leaders point to an increase in consumption in emerging markets like China and Brazil, Olivero says those consumers are not ready to take the spending baton from American shoppers.

“Getting consumers to spend in other parts of the world can't happen if Americans aren't spending — their economies still depend on the United States,” she says.

Denis O'Brien, president and CEO of PECO and executive vice president of Exelon, will receive Drexel University's LeBow College of Business 2009 Business Leader of the Year Award at a luncheon on December 3 at The Park Hyatt Philadelphia at The Bellevue.

A Drexel alumnus, O'Brien received his MBA in 1987 from the University's LeBow College of Business and is a University trustee. In his current position, O'Brien is responsible for strategic leadership and oversight of all of PECO's operations. O'Brien has more than 25 years of utility experience in engineering, operations, strategic planning and executive management.