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MayJune2004

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Headlines Trapnell Named Chief Accreditation Officer in 1993. During his tenure, he guided the school through the reac- creditation process, oversaw a $6.9 million gift for the John E.Walker Department of Economics, added an academic advising center, and encour- aged the formation of a new management information systems program. Trapnell also has Trapnell Jerry with us full time," says AACSB president and chief executive officer John Fernandes. "Our growth in ac- creditation and expansion ofmember services worldwide has caused the need for a chief accreditation officer. When Imade this decision, with the board's support, it was with the intent of recruiting one of the best deans in the industry and one with extensive accreditation experience. Getting Jerry to come to AACSB has ex- ceededmy own lofty expectations." AACSB's board of directors and was the 2002–03 board chair. He has also served on numerous AACSB International peer review teams and committees. "We are very fortunate to have extensive service with AACSB and other organizations. He currently serves on 8 BizEd MAY/JUNE 2004 Jerry Trapnell, dean of the College of Business and Behavioral Science at Clemson University in South Carolina, has been named the first Chief Accredi- tation Officer for AACSB Interna- tional—The Association to Advance Collegiate Schools of Business. He will retire from the college in July and assume his new role August 1. Trapnell became dean at Clemson Economy Expansion Forecast for 2004 The U.S. economy has entered a period of sustained growth that should take it through 2005. Individuals will never have greater incentives to take own- ership of their health, wealth, and ed- ucation, says David Littman, senior vice president and chief economist for Comerica Bank and winner of the 2003 Lawrence R. Klein Award for Blue Chip Forecast Accuracy. The award, determined by theW.P. Carey School of Arizona State University in Tempe, is given to a member of the Blue Chip Economic Indicators panel with the best accuracy record for the preceding year. Littman gave these opinions in a speech on "Re- Establishing Economic Pre-Emi- nence" at the New York luncheon honoring his achievement. According to Litt- man, two years of real GDP expansion are behind theU.S. and another year of supe- rior growth lies ahead. Business spending on capital equipment and employment growth both have picked up, largely due to tax cuts. "In my forecasting starts and bolstered automotive sales, he believes employment growth would be considerably faster without the "daunting impediments" faced by U.S. firms forced to consider benefit costs, health care, pensions, insurance, and requirements put in place by OSHA and the Environ- mental Protective Agency. Even so, he feels that "unbridled spending by Washington" is the real long-term threat to economic expansion. "By saddling our growth engine with tax and regulatory burdens ... we handmajormarkets to our foreign competitors, nations whose people seek to get where we were 50 years ago," Littman ten percent for more than two con- secutive years, the lowest financing rates in 45 years all superimposed on a world economy gaining ground, in greater unison, and capitalizing on state-of-the-art technologies have ac- celerated productivity gains to record proportions. 2004 is destined to be the year of maximum dynamic expan- sion in this business cycle," he says. While he predicts robust housing career, I have never seen such a confluence of stimulative monetary and fiscal policies. Tax cuts and refunds, federal spending growth averag- ing between eight and

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