Items tagged with financial crisis:
News & Updates:
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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. -
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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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.
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The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, more commonly known as Dodd-Frank, is a target for repeal among conservative lawmakers hoping to eliminate a signature legislative achievement of the Obama Administration.
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Thomas Jefferson wrote, “The most sacred of the duties of government [is] to do equal and impartial justice to all its citizens.” Since it was founded in 1870, the Department of Justice’s mission has been to: “enforce the law and defend the interests of the United States according the law; to provide federal leadership in preventing and controlling crime; to seek just punishment for those guilty of unlawful behavior; and to ensure fair and impartial administration of justice for all Americans.” [1]
