October 21 Giving Purpose to and Instilling Confidence in Washington Politics
The House Oversight and Government Reform Committee was established in 1816 under James Madison’s presidency. During this time, the government recognized a need for better oversight into how taxpayers’ dollars were being spent. Thus, the Oversight Committee was born. However, as the role of our government changed, the Committee adopted a reform component, and by the mid-1900s was charged with overseeing government operations to assess their economy and efficiency.
EventsOct25 Forecasting the 2016 Election: New Data and New Insights from Market Research 4:30pmLocation: Steinberg-Dietrich Hall, Room 107Join Penn Wharton PPI and the Undergraduate Statistics Society for a talk by David Rothschild, an economist at Microsoft Research, about using new data sources and market research to forecast the election.
October 20 Reviewing EPA Regulations
Executive Order 13563 requires that all federal agencies develop plans for reviewing existing regulations to determine whether any should be modified, streamlined, expanded, or repealed. The Order calls not for a single exercise, but for the “periodic review of existing significant regulations”. 
October 20 Hurricane Matthew Increases Jobless Claims, Home Sales Reach 4-Year Peak
Initial jobless claims pushed up as Hurricane Matthew temporarily impacted labor market conditions on the East Coast; Existing home sales rose to 4-yr high in September, propelled by first-time buyers representing 34% of the market; Philly Fed’s Business Outlook Survey demonstrated strength in October following two months of expansion; Chinese economic growth held steady as loose liquidity and heavy government stimulus fueled a housing boom and commodity stockpiling.