News & Updates:

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  US Secures Trade Deal With South Korea as China Pledges Open Markets
  Dodd-Frank rollback stalls in House; 

President Trump secures trade deal with South Korea; China pledges open markets to avert US trade war.
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  Senate to Reconsider Dodd-Frank Wall Street Reform Act
  Right to Try bill up in the House Tuesday; Senate to vote Monday on Dodd-Frank rollback; Inflation expectations rise to highest levels in a year. 
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  How The Father Of Arbitrage Pricing Theory Influenced Wall Street
  Faculty Affiliate David Musto discusses the late Stephen A. Ross, this year’s winner of the Wharton-Jacobs Levy Prize for Quantitative Financial Innovation. Many in the field consider him to be one of the most important thinkers in modern finance. One of his best-known ideas, for which he is receiving this award, is arbitrage pricing theory, or APT. It has been a staple of finance since he developed it in 1976 while at Wharton.
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  The Unequal American Dream

  Early in childhood many children begin to repeatedly hear the same advice from their families, teachers and mentors; be exceptional in high school and get into a top college, choose a “useful” major, graduate on time, get a well-paying job, and work your way up. Beyond simply being a list of ways to get young adults out of their parent’s home, generationally these instructions have been passed down as keys to socioeconomic mobility. Within the United States, this concept of economic mobility is a norm. It is the epitome of the American Dream, but in practice there are gaps in execution and the hoarding of a dream for particular groups of people.

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  An Overview of the Alaska Budget Crisis

  Last month, the Alaska Legislature narrowly avoided a government shutdown after months of gridlock and frustration by approving a nearly $9 billion operating budget for the upcoming fiscal year.