October 2A Shrinking Russian Economy And An Impending Debt Default
Treasury Secretary Jack Lew states that Congress will need to address the debt limit or risk defaulting on the country’s debt, adding that the $30 billion that will be on hand by November 5th will be far less than needed on most days; US job growth down from yearly average and last month’s progress; World Bank reports Russia’s economy is sliding into recession after price drop in oil and Western sanctions.
October 1Coffee Chat with Professor Kunreuther
Join Penn Wharton PPI Faculty Affiliate Professor Kunreuther, Friday, October 2, 2 PM, for a discussion about his public policy research. Professor Kunreuther’s expertise is in the is in the areas of decision processes, insurance, low-probability event and decision making, and managerial economics. He has a long-standing interest in ways that society can better manage low-probability, high-consequence events related to technological and natural hazards. Coffee and donuts will be provided. Space is limited, register soon!
October 1The Health Economics of the Affordable Care Act
Ever since its passage in 2010, the Patient Protection and Affordable Care Act (ACA) has been one of the largest sources of partisan debate in Washington. In the span of five years, major provisions of the ACA have been upheld by the Supreme Court twice, in National Federation of Independent Business (NFIB) v. Sebelius in 2012 and King v. Burwell this past June. The NFIB v. Sebelius case (5-4) addressed the constitutionality of the individual mandate, requiring individuals to have insurance or pay a penalty.
September 30Rising Housing Prices Challenge Affordability
According to Faculty Affiliate Professor Susan Wachter, we can count on a persistent trend in rising housing prices. “On the plus side, housing is contributing to GNP growth. The negative: Affordability pressures continue to build. Rent and price growth exceed wage growth. Under these conditions, it is hard to save for a down payment, and homeownership rates are at 1967 lows, at 63.4%.”
September 30Wall Street to the Fed: You Made a Mistake
Faculty Affiliate Professor Jeremy Siegel believes that Wall Street is sending the Fed a strong message about their decision to not raise rates: you made a mistake. “The uncertainty of a hike is really what’s bothering markets,” he said on CNBC “Investors wanted the rate hike to be over with.” Once investors stop fearing a rate hike, Siegel says we can look forward to an increase in the Dow Jones and more bright spots in the market.
September 212015 Public Policy Case Competition
This competition, open to all undergraduate and graduate students across the University of Pennsylvania, is intended to foster discussion and collaborative research on key public policy issues. One team will win the grand prize of $5,000. Two teams will earn honorable mention awards of $2,000 each.