BA achievement

BA alum named President and CEO of Walmart U.S.

William S. Simon, a University of Connecticut Economics BA from 1981, has recently been named President and CEO of the US operations of Walmart. He was previously chief operating officer at Walmart, senior vice president of global business development at Brinker International, which operates Chili’s Grill & Bar and other restaurants, and before that Secretary of the Florida Department of Management Services. He is a retired officer from the U.S. Navy and Navy Reserves after 25 years of service.

Read more at UConn Today

Economics alumnus runs for Senate seat

Noted economist, fund manager, entrepreneur, race car builder, and UCONN alumnus Warren Mosler is seeking the office of US Senate to add ‘fixed the US economy’ to his long list of accomplishments. Mosler, a native of Connecticut who graduated from Storrs with a B. A. in Economics in 1971 is running for the US Senate seat being vacated by Senator Christopher Dodd.

Since graduation, Warren has spent 37 years in various financial institutions from Manchester, Hartford, New York, Chicago, and South Florida, including the founding III Offshore Advisors in 1982 and, in 1983, AVM L.P., a broker/dealer providing advanced financial services to large institutional clients. During these years he developed numerous investing strategies utilizing US Government securities and created the mortgage swap and euro swap futures contract. He maintains strong connections to the academic world as Co-Founder, along with L. Randall Wray, of the Center for Full Employment And Price Stability at the University of Missouri in Kansas City. Mosler also has supported research projects and graduate students at the London School of Economics, the New School, Harvard University, and the University of Newcastle, Australia. Additionally, Warren is an Associate Fellow at the University of Newcastle, Australia. Warren is the author of numerous publications, of which the latest is ‘The Seven Deadly Innocent Frauds of Economic Policy’ (Mosler, 2010), which challenges several contemporary assumptions about the relationship between government spending, federal debt, and taxation and opens the door to an immediate return to economic prosperity.

Warren is the original contemporary proponent of what has come to be called Modern Monetary Theory (MMT). MMT begins with the operational fact that Federal taxes serve to regulate aggregate demand, rather than to raise revenue per se, and that funds to pay Federal taxes indeed originate from government spending itself. Warren’s campaign platform is based on three proposals designed to fix the nation’s economy within 90 days. The three proposals are as follows:

  1. Declare a “payroll tax holiday” where the U.S. Treasury will suspend deduction of all FICA taxes. That means the take home pay of someone earning $50,000 a year will rise by approximately $325 per month, fixing the economy from the bottom up, vs the current top-down bailout method.
  2. An unrestricted $500 per capita Federal revenue sharing distribution to all the State governments. This proposal mean about $1.75 billion for Connecticut.
  3. Fund an $8/hr. National Service Jobs program for anyone willing and able to work to facilitate the transition from unemployment to private sector employment, as the first two proposals will cause the large increases in private sectors business sales that quickly translates into the millions of new jobs we desperately need.

Since leaving Connecticut for Wall Street in 1976, Warren has lived and worked in New York City, Chicago, South Florida, and the US Virgin Islands. Additionally, while in Florida, he founded Mosler Automotive, which produces the world’s top performing sport cars. Warren returned to Connecticut this year to run for the US Senate solely as a matter of conscience, and not ambition. He sees himself as uniquely qualified to fix the economic problems facing the US economy.

Stockton to Receive Distinguished Alumni Award

The UConn Alumni Association recently announced that David Stockton has been named to receive the 2010 Distinguished Alumni Award. After completing his BA and MA at UConn in just four years (1972-76), under the supervision of Professor Emeritus William McEachern, Stockton obtained a second MA and his PhD in Economics at Yale University. A Danforth Fellow, Yale Fellow, and member of Phi Beta Kappa and Phi Kappa Phi, Stockton joined the Federal Reserve’s Division of Research and Statistics in 1981. Since 2000, he has served as the Director of Research and Statistics, overseeing the Fed’s large staff of PhD economists who conduct research and inform the Fed’s Board of Governors–the architects of U.S. monetary policy.

Both the current Fed Chairman, Ben Bernanke, and his predecessor Alan Greenspan have strongly praised Stockton’s expertise and advice on economic matters. In addition to his responsibilities for directing longer-term research projects at the Fed, Stockton presents regular economic forecasts to the Federal Open Market Committee–the group of officials that regularly meets to decide Fed policies and actions that shape banking operations and interest rates in the U.S. and abroad. Stockton’s public service career continues a family tradition. David’s father, Ed Stockton served as Mayor of the Town of Bloomfield, and later was named Commissioner of Economic Development under Governors Ella Grasso and William O’Neill. The Stockton family’s New Jersey ancestor Richard Stockton signed the Declaration of Independence.

Stockton will be officially honored at an Alumni Association event in the South Campus Rome Hall Ballroom, on October 1, 2010.

There is more about David Stockton in the UConn Alumni Magazine

Honors alumnus to be honored by UConn Honors program

Roger Ballentine, 1985 Honors Economics BA, will be recognized on April 30 by the UConn Honors program as one of the 2010 Honors Distinguished Alumni Award Recipients. Mr. Ballentine is President of Green Strategies Inc., an environmental consulting firm based in Washinction, D.C., working with clients in the energy and environmental arena on public policy matters, investment guidance in the “clean tech” marketplace, marketing and business development strategies, sustainability, and capital formation. Mr. Ballentine was a senior member of the White House staff in the Clinton Administration as Chairman of the White House Climate Change Task Force and Deputy Assistant to the President for Environmental Initiatives. Previous to these duties, he was Special Assistant to the President for Legislative Affairs, where he focused on energy and environmental issues. He is a frequent radio and television commentator.

Mr. Ballentine graduated magna cum laude from UConn, then cum laude from the Harvard Law School. He is a member of the bar in Connecticut, the District of Columbia and the US Supreme Court. He serves on many boards, in particular as founding board member of the American Council on Renewable Energy and on the International Advisory Council of the Department of Energy’s National Renewable Energy Laboratory. He is also a Lecturer at the Harvard Law School, teaching in the area of energy and climate policy, and a Senior Fellow at the Progessive Policy Institute.

BA Alumna named advisor to House Speaker Nancy Pelosi

Speaker Nancy Pelosi announced today that she has named Karen Wayland as her new Policy Advisor for energy; Anne Cannon MacMillan as her new Policy Advisor for agriculture, veterans, small business and rural outreach; and Bridget Fallon as her new Director of Protocol and Special Events. All three begin their duties this month.

Congress cannot function without the dedication and hard work of Americans who put public service ahead of private gain. The hard work completed by staff is an integral part of making the Congress work for the American people, Pelosi said. I welcome our talented new additions to the Speakers Office and look forward to working together as we continue to move America in a New Direction.

Karen Wayland currently serves as Legislative Director for the Natural Resources Defense Council and is an adjunct professor at Georgetown University.

Wayland holds a dual Ph.D. in Geology and Resource Development from Michigan State University, a masters degree in Natural Resources Management and Engineering and a bachelors in Economics from the University of Connecticut.