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News Archive

  • U.S. President Donald Trump asked securities regulators to explore replacing quarterly reporting requirements with half-ye...
    With orders from President Trump, the SEC will begin a study on the effects of reducing the frequency of submitted financial reports; DC Court clears the way for Obama-era EPA chemical plant safety rule; Record low youth unemployment metrics suggest strong labor participation; Consumer sentiment was at 95.3 this month, the lowest levels since September 2017.
  • Penn Wharton PPI Faculty Affiliate, Professor Joao F. Gomes
    In a discussion on factors that led to Portugal’s economic recovery, Faculty Affiliate Joao Gomes expands the conversation to include what further must be done. In particular, Gomes focuses on productivity as a necessary precondition for future growth.
  • Penn Wharton PPI Faculty Affiliate, Professor Kevin Werbach
    In a discussion on blockchain, Faculty Affiliate Kevin Werbach debunks central assumptions of the technology and provides a series of examples of how its application in untraditional spaces such as supply chain operations can be revolutionary. 
  • Professor Jeremy Siegel
    In a discussion on the growing number of American retirees selling their shares of US companies and the growing number of foreign investors buying them, Faculty Affiliate Jeremy Siegel notes how this foreign access to American technology can result in national security concerns. 
  • Professor Amol Navathe
    In a study on the Best and Worst States for health care, Faculty Affiliate Amol Navathe was featured on a panel of experts that discussed a variety of different variables that shape access, quality, and price of care. In particular, Navathe focused on health care reform and the relationship between coverage plans and the overall market. 
  • The U.S. and China reached a modest breakthrough in their trade dispute, saying they would hold lower-level talks later th...
    Banks spoke out against the Trump administration’s plan to ease the Volcker rule, a post crisis restriction that bars banks from speculative trading with bank-owned funds; China breaks silence and announces intent to restart trade negations with America; President Trump relaxes rules on the U.S. government’s use of cyberweapons against adversaries; For the second consecutive week, jobless claims decrease; the slowdown continues as construction of new homes increased by less than 1% in July. 
  • Oil and gas companies bid on fewer than one percent of the offshore tracts made available by the Trump administration duri...
    The Department of the Interior hosted an auction for oil tracts to be used for offshore drilling; Retail sales metrics show an increase of 0.5%; Industrial Output rose just 0.1% in the month of July. 
  • President Trump signed into law Monday a defense-spending bill that received widespread bipartisan backing for its efforts...
    Trump signs bill that authorizes $716 billion in military spending for the coming fiscal year, while including several provisions to counteract Chinese aggression, such as the country’s increased military activity in the South China Sea, pursuit of U.S. technology, and spread of Communist propaganda; In response to collapsing currency value, Turkey boycotts electronics produced by the United States; U.S. import prices remaining stagnant in July; U.S. economy has a projected growth of 3.1%, due to an increase in government spending and tax cuts. 
  • A humming U.S. economy is pushing inflation up to levels that the central bank considers healthy. But there’s a down...
    State insurance commissioners are restricting access to their sales in response to Trump insurance policy plans; A bipartisan group from the House Intelligence Committee have introduced legislation focused on securing the digital election infrastructure against cyberattacks; Wages struggle to keep up despite healthy inflation rates; Turkey’s lira fell again on Monday. 
  • Powerful health-care interests worried that a Democratic “blue wave” could give new energy to single-payer health-...
    Top healthcare and drug companies form a coalition to support moderate democrats in 2020 midterms; the 9th U.S. Circuit Court of Appeals in Seattle ordered the Environmental Protection Agency (EPA) to ban the widely used pesticide, chlorpyrifos; Consumer-price index rose 0.2% in July; Federal budget increases in July. 
  • Penn Wharton PPI Faculty Affiliate, Professor Michael Useem
    In light of the Thai soccer team rescue, Faculty Affiliate Michael Useem reflects on the leadership lessons that can be distilled from the event. Through a review of the ordeal, Professor Useem highlights the required “big-heartedness” of various actors such as the Thai government, the rescue team, and the soccer players themselves.
  • Penn Wharton PPI Faculty Affiliate, Professor Fernando Ferreira

    In a discussion on tax laws and its impact on California real estate, Faculty Affiliate Fernando Ferreira’s research was cited for its findings that claim that there has been a sharp discontinuity in the likelihood of moving between homeowners 54 years old and those just a year older.

  • Penn Wharton PPI Faculty Affiliate, Professor Cary Coglianese

    As a part of the “Focus On…” interview series which highlights the work and experiences of regulatory professionals, Faculty Affiliate Cary Coglianese discusses the Penn Program on Regulation and his role as the Program Director.

  • Penn Wharton PPI Faculty Affiliate, Professor Peter Cappelli

    Faculty Affiliate Peter Cappelli debunks a common misconception that “gigs” or short contract-type engagements such as those operated through online platforms like Uber are growing so fast that all jobs will be like this soon. Professor Cappelli cites findings from the Contingent Work Survey published by the Bureau of Labor Statistics as evidence contrary to the misconception.

  • Penn Wharton PPI Faculty Affiliate, Professor Susan M. Wachter

    Faculty Affiliate Susan Wachter was featured on a panel of guests discussing the potential upsides of gentrification and models for how to make it beneficial for all parties. The panel argues that the most careful empirical analyses conducted by urban economists have failed to detect a rise in displacement within gentrifying neighborhoods.

  • Penn Wharton PPI Faculty Affiliate, Professor Mauro Guillen

    In a discussion on the developing trade war between the US and China, Faculty Affiliate Mauro Guillen expands the geopolitical perspective of the narrative and points out nations such as Mexico are closely watching the affair in light of their own negotiations with the US.

  • Penn Wharton PPI Faculty Affiliate, Professor Peter Cappelli

    In a historical review of the American Economy since the Great Recession, Faculty Affiliate Peter Cappelli cautions against using unemployment and job openings as purely positive indicators of the strength of the economy.

  • Penn Wharton PPI Faculty Affiliate, Professor Ann Harrison
    In a discussion on the developing trade tensions between the EU and the US, Faculty Affiliate Ann Harrison says that the Trump Administration’s tariff moves have been shocking because few expected the president to follow through with these threats and because it involves the US’ closest allies.
  • Tribune Media has backed out of its proposed $3.9 billion merger with Sinclair Broadcast Group and filed a $1 billion laws...
    Democrats blame the Trump administration’s policies for wage stagnation; Tribune Media has decided to back out of a $3.9 billion merger with Sinclair and is looking to file a lawsuit against the broadcasting giant for allegedly breaching their merger agreement; the initial jobless claims decreased by 6,000 to 213,000. 
  • The federal deficit jumped 20 percent in the first 10 months of the 2018 fiscal year, the Congressional Budget Office...
    China’s imports surged over the month of July in preparation for its trade battle with United States; The Treasury Department and Internal Revenue Service released proposed regulations; the federal deficits increased by 20%, with spending outpacing revenues by $682 billion, an $116 billion increase than over the same period in FY 2017.
  • Banks were among the top beneficiaries when Republicans slashed corporate taxes in December to stoke the U.S. economy. So ...
    Trump administration has relinquished federal jurisdiction over certain water bodies and encouraged states and tribes to take over this responsibility; President Trump is expected to meet with the leaders of various companies that have been affected by the ongoing trade dispute; Despite Tax Cuts for banks, loan growth slows and 3,200 jobs were lost.
  • The Trump administration announced Monday the reimposition of sanctions on Iran that were lifted as part of a nu...
    The Trump administration announced it would reimpose sanctions on Iran as part of efforts to undo the 2015 JCPOA; Trump FDA issues new guidelines on opioid-addiction drug development; US companies are reporting some of the strongest earnings growth since the 2008 financial crisis. 
  • Issue Brief V6N7
    To the extent that immigration reform is discussed in terms of economics, the debate tends to focus exclusively on labor issues—specifically, how immigrants affect jobs and wages for native citizens. But to understand the economic effects of immigration, and thus develop sounder policies, policymakers need to consider how immigration affects all three core components of economic growth: not just labor, but capital and innovation too. In this brief, Professor Hernandez discusses new research showing that immigration produces gains for the U.S. economy with respect to capital and innovation. Immigrants help to attract investment from foreign firms and significantly increase bilateral trade flows between the U.S. and their home countries. Immigrants also account for roughly a quarter of all U.S. entrepreneurs. They not only generate novel businesses and inventions, but also introduce novel ideas that U.S. natives develop further to create new products and companies of their own. Just as importantly, labor, capital, and innovation are all interrelated. Failing to understand the multipli¬cative relationship between these three elements can result in botched economic policy.
  • A bipartisan group of senators is introducing legislation to impose "crushing" new financial penalties on R...
    Bipartisan bill to place “crushing” financial penalties on Russia; In light of rising trade tensions, a top Chinese diplomat urges the US to “calm down;”  Jobless Claims index rose by 1,000 to a total of 218,000. 
  • The U.S. administration will give an update on its planned tariffs on goods from China later on Wednesday, White House spo...
    Senate passes defense spending bill that defocuses procurement of Chinese tech; The US central bank holds interest rates steady; Manufacturing slows but hiring continues to rise.
  • New data providers continue to flood the emerging alternative data industry. According to AlternativeData.org, over 300 al...

    Picture this: you’re tired of the spam in your inbox, so you download a new app for your browser that blocks it. While downloading, the Terms of Agreement pop up, and you click ‘Agree’ – because why wouldn’t you? Unbeknownst to you, while you are now enjoying your spam-free email, the Slice Technologies app is analyzing your emails for purchase receipts and selling this anonymized data to hedge funds.[1] Is that an invasion of privacy? Not quite, as you agreed to the terms. But why would hedge funds, and other investment advisers, want this information? Well, with this kind of alternative data, investment firms can make much more accurate predictions about a company’s sales revenue and its health. This new world of alternative data poses incredible alpha-creating potential for investment advisers, as well as new legal concerns for the courts and regulators.

  • President TrumpDONALD JOHN TRUMPClinton maxes out to 19 Democratic House candidatesTucker Carlson slams immigrant lawyer a...
    The CEO of JPMorgan and Chase, credited the tax cut law signed by President Trump with helping boost the US economy; President Trump threatened a government shutdown if Congress failed to fund his border wall; In June, consumer spending rose a solid 0.4%; The S&P/Case-Shiller national index rose a seasonally adjusted 0.4%. 
  • Whats App uses encryption technology

    American law enforcement agencies are advocating that technology companies be forced to compromise the encryption used in their products, to facilitate ongoing investigations.[1] Encryption is the computational tool used to protect every American’s digital communications and data from eavesdropping and tampering, and it plays a vital role in our economy and national security. A misguided attempt to weaken encryption would only damage our national interests, both with respect to economic wellbeing and business security. Hackers and foreign nations will target the introduced weaknesses, domestic firms’ ability to build and export security innovations will decrease, and the American competitive advantage in the technology sector will be lessened.

  • Penn Wharton PPI Faculty Affiliate, Professor Sarah E. Light
    In her new co-authored paper entitled, “Regulating Business Innovation  as Policy Disruption: From Model T to Airbnb,”Faculty Affiliate Sarah Light takes a historical look at the challenges surrounding regulating disruptor companies such as Uber and Airbnb and offers an analytical framework for regulatory responses.
  • Penn Wharton PPI Faculty Affiliate, Professor Arthur van Benthem

    Faculty Affiliate Arthur van Benthem discusses how a dopting a higher price floor for every ton of carbon released during power generation will help EU countries switch from coal to renewables more quickly.

 

PENN WHARTON PPI
RESOURCE SPOTLIGHT:

  • <h3>HUD State of the Cities Data Systems</h3><p><strong><img width="200" height="200" alt="" src="/live/image/gid/4/width/200/height/200/482_hud_logo.rev.1407788472.jpg" class="lw_image lw_image482 lw_align_left" srcset="/live/image/scale/2x/gid/4/width/200/height/200/482_hud_logo.rev.1407788472.jpg 2x, /live/image/scale/3x/gid/4/width/200/height/200/482_hud_logo.rev.1407788472.jpg 3x" data-max-w="612" data-max-h="613"/>The SOCDS provides data for individual Metropolitan Areas, Central Cities, and Suburbs.</strong> It is a portal for non-national data made available through a number of outside institutions (e.g. Census, BLS, FBI and others).</p><p> Quick link: <a href="http://www.huduser.org/portal/datasets/socds.html" target="_blank">http://www.huduser.org/portal/datasets/socds.html</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>MapStats</h3><p> A feature of FedStats, MapStats allows users to search for <strong>state, county, city, congressional district, or Federal judicial district data</strong> (demographic, economic, and geographic).</p><p> Quick link: <a href="http://www.fedstats.gov/mapstats/" target="_blank">http://www.fedstats.gov/mapstats/</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>National Center for Education Statistics</h3><p><strong><img width="400" height="80" alt="" src="/live/image/gid/4/width/400/height/80/479_nces.rev.1407787656.jpg" class="lw_image lw_image479 lw_align_right" data-max-w="400" data-max-h="80"/>The National Center for Education Statistics (NCES) is the primary federal entity for collecting and analyzing data related to education in the U.S. and other nations.</strong> NCES is located within the U.S. Department of Education and the Institute of Education Sciences. NCES has an extensive Statistical Standards Program that consults and advises on methodological and statistical aspects involved in the design, collection, and analysis of data collections in the Center. To learn more about the NCES, <a href="http://nces.ed.gov/about/" target="_blank">click here</a>.</p><p> Quick link to NCES Data Tools: <a href="http://nces.ed.gov/datatools/index.asp?DataToolSectionID=4" target="_blank">http://nces.ed.gov/datatools/index.asp?DataToolSectionID=4</a></p><p> Quick link to Quick Tables and Figures: <a href="http://nces.ed.gov/quicktables/" target="_blank">http://nces.ed.gov/quicktables/</a></p><p> Quick link to NCES Fast Facts (Note: The primary purpose of the Fast Facts website is to provide users with concise information on a range of educational issues, from early childhood to adult learning.): <a href="http://nces.ed.gov/fastfacts/" target="_blank">http://nces.ed.gov/fastfacts/#</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>The World Bank Data (U.S.)</h3><p><img width="130" height="118" alt="" src="/live/image/gid/4/width/130/height/118/484_world-bank-logo.rev.1407788945.jpg" class="lw_image lw_image484 lw_align_left" srcset="/live/image/scale/2x/gid/4/width/130/height/118/484_world-bank-logo.rev.1407788945.jpg 2x, /live/image/scale/3x/gid/4/width/130/height/118/484_world-bank-logo.rev.1407788945.jpg 3x" data-max-w="1406" data-max-h="1275"/>The <strong>World Bank</strong> provides World Development Indicators, Surveys, and data on Finances and Climate Change.</p><p> Quick link: <a href="http://data.worldbank.org/country/united-states" target="_blank">http://data.worldbank.org/country/united-states</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>USDA Nutrition Assistance Data</h3><p><img width="180" height="124" alt="" src="/live/image/gid/4/width/180/height/124/485_usda_logo.rev.1407789238.jpg" class="lw_image lw_image485 lw_align_right" srcset="/live/image/scale/2x/gid/4/width/180/height/124/485_usda_logo.rev.1407789238.jpg 2x, /live/image/scale/3x/gid/4/width/180/height/124/485_usda_logo.rev.1407789238.jpg 3x" data-max-w="1233" data-max-h="850"/>Data and research regarding the following <strong>USDA Nutrition Assistance</strong> programs are available through this site:</p><ul><li>Supplemental Nutrition Assistance Program (SNAP) </li><li>Food Distribution Programs </li><li>School Meals </li><li>Women, Infants and Children </li></ul><p> Quick link: <a href="http://www.fns.usda.gov/data-and-statistics" target="_blank">http://www.fns.usda.gov/data-and-statistics</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>Congressional Budget Office</h3><p><img width="180" height="180" alt="" src="/live/image/gid/4/width/180/height/180/380_cbo-logo.rev.1406822035.jpg" class="lw_image lw_image380 lw_align_right" data-max-w="180" data-max-h="180"/>Since its founding in 1974, the Congressional Budget Office (CBO) has produced independent analyses of budgetary and economic issues to support the Congressional budget process.</p><p> The agency is strictly nonpartisan and conducts objective, impartial analysis, which is evident in each of the dozens of reports and hundreds of cost estimates that its economists and policy analysts produce each year. CBO does not make policy recommendations, and each report and cost estimate discloses the agency’s assumptions and methodologies. <strong>CBO provides budgetary and economic information in a variety of ways and at various points in the legislative process.</strong> Products include baseline budget projections and economic forecasts, analysis of the President’s budget, cost estimates, analysis of federal mandates, working papers, and more.</p><p> Quick link to Products page: <a href="http://www.cbo.gov/about/our-products" target="_blank">http://www.cbo.gov/about/our-products</a></p><p> Quick link to Topics: <a href="http://www.cbo.gov/topics" target="_blank">http://www.cbo.gov/topics</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>Internal Revenue Service: Tax Statistics</h3><p><img width="155" height="200" alt="" src="/live/image/gid/4/width/155/height/200/486_irs_logo.rev.1407789424.jpg" class="lw_image lw_image486 lw_align_left" srcset="/live/image/scale/2x/gid/4/width/155/height/200/486_irs_logo.rev.1407789424.jpg 2x" data-max-w="463" data-max-h="596"/>Find statistics on business tax, individual tax, charitable and exempt organizations, IRS operations and budget, and income (SOI), as well as statistics by form, products, publications, papers, and other IRS data.</p><p> Quick link to <strong>Tax Statistics, where you will find a wide range of tables, articles, and data</strong> that describe and measure elements of the U.S. tax system: <a href="http://www.irs.gov/uac/Tax-Stats-2" target="_blank">http://www.irs.gov/uac/Tax-Stats-2</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>The Penn World Table</h3><p> The Penn World Table provides purchasing power parity and national income accounts converted to international prices for 189 countries/territories for some or all of the years 1950-2010.</p><p><a href="https://pwt.sas.upenn.edu/php_site/pwt71/pwt71_form.php" target="_blank">Quick link.</a> </p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>NOAA National Climatic Data Center</h3><p><img width="200" height="198" alt="" src="/live/image/gid/4/width/200/height/198/483_noaa_logo.rev.1407788692.jpg" class="lw_image lw_image483 lw_align_left" srcset="/live/image/scale/2x/gid/4/width/200/height/198/483_noaa_logo.rev.1407788692.jpg 2x, /live/image/scale/3x/gid/4/width/200/height/198/483_noaa_logo.rev.1407788692.jpg 3x" data-max-w="954" data-max-h="945"/>NOAA’s National Climatic Data Center (NCDC) is responsible for preserving, monitoring, assessing, and providing public access to the Nation’s treasure of <strong>climate and historical weather data and information</strong>.</p><p> Quick link to home page: <a href="http://www.ncdc.noaa.gov/" target="_blank">http://www.ncdc.noaa.gov/</a></p><p> Quick link to NCDC’s climate and weather datasets, products, and various web pages and resources: <a href="http://www.ncdc.noaa.gov/data-access/quick-links" target="_blank">http://www.ncdc.noaa.gov/data-access/quick-links</a></p><p> Quick link to Text & Map Search: <a href="http://www.ncdc.noaa.gov/cdo-web/" target="_blank">http://www.ncdc.noaa.gov/cdo-web/</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>Federal Reserve Economic Data (FRED®)</h3><p><strong><img width="180" height="79" alt="" src="/live/image/gid/4/width/180/height/79/481_fred-logo.rev.1407788243.jpg" class="lw_image lw_image481 lw_align_right" data-max-w="222" data-max-h="97"/>An online database consisting of more than 72,000 economic data time series from 54 national, international, public, and private sources.</strong> FRED®, created and maintained by Research Department at the Federal Reserve Bank of St. Louis, goes far beyond simply providing data: It combines data with a powerful mix of tools that help the user understand, interact with, display, and disseminate the data.</p><p> Quick link to data page: <a href="http://research.stlouisfed.org/fred2/tags/series" target="_blank">http://research.stlouisfed.org/fred2/tags/series</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>National Bureau of Economic Research (Public Use Data Archive)</h3><p><img width="180" height="43" alt="" src="/live/image/gid/4/width/180/height/43/478_nber.rev.1407530465.jpg" class="lw_image lw_image478 lw_align_right" data-max-w="329" data-max-h="79"/>Founded in 1920, the <strong>National Bureau of Economic Research</strong> is a private, nonprofit, nonpartisan research organization dedicated to promoting a greater understanding of how the economy works. The NBER is committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community.</p><p> Quick Link to <strong>Public Use Data Archive</strong>: <a href="http://www.nber.org/data/" target="_blank">http://www.nber.org/data/</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>
  • <h3>Federal Aviation Administration: Accident & Incident Data</h3><p><img width="100" height="100" alt="" src="/live/image/gid/4/width/100/height/100/80_faa-logo.rev.1402681347.jpg" class="lw_image lw_image80 lw_align_left" srcset="/live/image/scale/2x/gid/4/width/100/height/100/80_faa-logo.rev.1402681347.jpg 2x, /live/image/scale/3x/gid/4/width/100/height/100/80_faa-logo.rev.1402681347.jpg 3x" data-max-w="550" data-max-h="550"/>The NTSB issues an accident report following each investigation. These reports are available online for reports issued since 1996, with older reports coming online soon. The reports listing is sortable by the event date, report date, city, and state.</p><p> Quick link: <a href="http://www.faa.gov/data_research/accident_incident/" target="_blank">http://www.faa.gov/data_research/accident_incident/</a></p><p>See all <a href="/data-resources/">data and resources</a> »</p>