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News Archive

  • US businesses have asked the Trump administration not to include a citizenship question on the US...
    President Trump vetoes bipartisan Yemen measure; Trump administration to deny bail to asylum seekers; Businesses advocate against census citizenship question; US trade deficit falls in February. 
  • Associate Professor of Legal Studies and Ethics, Professor David Zaring

    Wharton’s John Paul MacDuffie and David Zaring join the Knowledge@Wharton broadcast to discuss Volkswagen’s ongoing emissions cheating scandal. Both MacDuffie and Zaring indicate that the cause of the ongoing situation is company greed.

  • Penn Wharton PPI Faculty Affiliate, Professor Olivia S. Mitchell
    In light of the US Treasury Department’s announcement sanctioning corporate lump sum pension pay outs for employees, Wharton Professor Olivia Mitchell discusses the benefits it serves for companies and the potential risks it posses for employees. 
  •  On Monday, Mark Calabria, the new head of the Federal Housing and Finance Agency (FHFA), pledged...
    Trump administration stresses urgency of mortgage finance overhaul; Federal court dismisses Trump administration’s repeal of an Obama-era fossil fuel rule; U.S. manufacturing output is unchanged.
  • How much should a thing cost? This simple question is a politically vexing one, whether the cost ...
    Wharton Professor Peter Conti-Brown provides a historical conversation aimed at answering how laws and the court system have informed the polarizing question of “how much should credit cost?”(especially for those that are the most socially and financially disadvantaged in society)
  • President Trump has declared his intent to devise a new health-care plan and back a state-led law...
    White House considers President Trump’s sanctuary cities proposal; First Tax Day under President Trump’s law; Affordable Care Act (ACA) is popular despite President Trump’s opposition; Former Federal Reserve officials worry about the institution’s political independence.
  • South China Sea
    The tension between China, the United States, and other smaller countries around the South China Sea is one frequently covered by the news as the potential for conflict there holds a constant presence. Reports note that the most recent developments in the South China Sea involve increased military tensions as China, the United States, and various other countries such as Taiwan, Vietnam, China, the Philippines, Malaysia, and Brunei vie for authority in the region.[1]
  • Patrick T. Harker Professor, Professor of Business Economics and Public Policy, Department Chair ...
    Could algorithms collude on prices? Wharton Professor Joseph Harrington argues that it is difficult to determine based on the limited technical knowledge of algorithms. He also suggests that “algorithms will need to be tested in more advanced and complex environments” to see their impacts on pricing.
  • A group of lawmakers hosted a hearing Wednesday on insulin prices, vowing to help reduce prices o...
    Bipartisan lawmakers hold hearing on insulin prices; President Trump signs order targeting states’ ability to slow energy projects; Mnuchin announces US and China agree on trade enforcement mechanism; Producer price increases by highest increment in 5 months; Jobless claims at lowest level since 1969.
  • John C. Hower Professor, Professor of Operations, Information, and Decisions, Professor Kartik Ho...
    Kartik Hosanagar discusses Senator Elizabeth Warren’s plan to regulate giant tech companies. Warren proposes that companies will not be able to use their platforms to market their products and services. Hosanagar proposes that to regulate big tech companies, one must address consumer protection and “platform-oriented organizations”.
  •  A group of Senate Republicans introduced legislation Wednesday that would reform immigration by ...
    Senate Republicans move to reduce legal immigration; Majority Leader McConnell refuses to take up net neutrality bill; Left-moderate Democratic divide delays budget vote; Consumer Prices up in March.
  • In February, the White House announced a National Security Council (NSC) initiative to challenge ...
    Trump administration moves to impose tariffs on $11 billion of EU goods; Judge blocks Trump administration policy of returning asylum seekers to Mexico; U.S. military plans for climate change; Job openings fell by the most since 2015.
  • Richard A. Sapp Professor, Professor of Management, Professor David Hsu

    Wharton Professor David Hsu analyzes Lyft becoming a publicly traded company. Unlike Uber, Hsu argues that Lyft did not make the same operational mistakes and “…positioned themselves as the anti-Uber.”

  • Bendheim Professor, Professor of Health Care Management, Professor of Business Economics and Publ...
    Wharton Professor Mark V. Pauly joins the Knowledge@Wharton broadcast to discuss Bernie Sanders’s proposed “Medicare for All” plan. He argues that there is not enough evidence to suggest that a national health insurance program would work in the United States. Furthermore, Pauly implies that Senator Sanders’s proposed “Medicare for All” plan is dependent upon providing cost-effective care.
  • During Trump’s tenure, unauthorized immigration has actually reached its highest level in a...
    Senior Trump adviser pushes to bring in more immigration hardliners; Nielsen departure could hurt the Trump administration’s efforts on cybersecurity; President Trump struggles to curb unauthorized immigration; Government spending fight clouds growth outlook.
  • Professor Olivia S. Mitchell
    Wharton Professor Olivia Mitchell is cited in a conversation about public knowledge and fears on the alleged defaulting of corporate commitments to employee pension plans. 
  • President Trump announced Friday that he would override his own North American trade deal by plac...
    Senators question CFPB on student borrowing; U.S. adds 196,000 in March; Trump proposes tariffs over border dispute. 
  • Professor Lisa Servon
    Professor Lisa Servon provides an insightful meditation on the human issues that stand behind a recent push for Philadelphia to ban cashless stores. She juxtaposes her own financial stability with her customers from RiteCheck to show how a reliance on cash is a symptom of a larger system of economic disenfranchisement faced by many Americans. 
  • US-China trade talks are winding slowly toward an “end-game,” but are unlikely to complet...
    House passes measure to end US support for Saudi coalition in Yemen; House advances net neutrality bill; US-China trade talks wind to a close; Weekly jobless claims at 49-year low.
  •  Despite the President’s bombastic immigration rhetoric, Trump advisor and son-in-law Jared...
    Ways and Means sends bipartisan IRS reform bill to the House floor; Senate Democrat Wyden proposes tax on unrealized capital gains; Kushner authors plan to increase legal immigration; Private sector hiring drops as manufacturing sheds jobs.
  •  On Friday, the House introduced a bill to improve retirement-savings plans, and on Monday, the S...
    Senate introduces legislation to overhaul retirement; Federal disaster relief funds stalled by Senate; President Trump delays healthcare vote until after 2020; Congress concerned about Trump’s role in upcoming budget deadlines; Durable-goods orders fall.
  • James G. Dinan University Professor, Professor of Legal Studies & Business Ethics, Professor ...

    Wharton Professor Herbert Hovenkamp discusses Elizabeth Warren’s proposal, which intends to break up Big Tech firms. Hovenkamp argues that Warren’s proposal fails to distinguish between “..who is being harmed and who is benefiting. Furthermore, he suggests that her plan may “…raise consumer prices and consumer variety”.

  • Edward B. Shils Professor of Law and Professor of Political Science; Director of Penn Program on ...

    Penn Law Professor Cary Coglianese explains Trump’s claim of curtailing the number of business regulations than any other president. Coglianese argues that Trump’s claim can be beneficial for both himself and Democrats.

  • On Sunday, President Trump threatened to close the southern border and to cut aid to Central Amer...
    China closes loophole in Fentanyl rules; White House threatens to close U.S.-Mexico border; Federal judge rules against President Trump in Arctic drilling case; Retail sales unexpectedly fall; Construction spending rises to a nine-month high.
  • Howard Butcher III Professor of Finance, Professor Joao F. Gomes

    Wharton Professor Joao Gomes joins the Knowledge@Wharton broadcast to discuss the United States’s national debt and offers some potential solutions to combat the issue. A potential idea he suggests is decreasing services provided by the government. One question he poses is”Is it more likely that we will strike some balance where we have to compromise and say these promises [on Social Security and Medicare] are just way too generous?”

  • Professor of Management, Professor John Paul MacDuffie

    John Paul MacDuffie and David Zaring join the Knowledge@Wharton broadcast to discuss Volkswagen’s “Dieselgate”, where the auto manufacturer had altered the environmental dependence in over 500,000 automobiles. Both MacDuffie and Zaring imply that greed is what lead Volkswagen to deceive consumers and investors.

  • Image: US Secretary of State Mike Pompeo meets Pakistani Prime Minister Imran Khan, ï»...

    In June 2018, Pakistan’s current-account deficit swelled to $19 billion.[1] Pakistan’s foreign exchange reserves are at a drastic four-year low, and the central bank has devalued the rupee by almost a third in the past year.[2] [3] Pakistan has a history of financial instability and a weak central government. As this article will demonstrate, many of these same domestic factors are at play in the current Pakistani financial crisis. This time, however, the extent of Pakistan’s problems is exacerbated by a significant debt to China. A project known as the China-Pakistan Economic Corridor is a central piece in China’s ambitious international development efforts, known collectively as the Belt and Road Initiative. As the US-China conflict intensifies, it is essential to understand the threat of Chinese dominance in Pakistan and what the US can do to combat it.

  • Joel S. Ehrenkranz Family Professor, Professor of Finance, Professor of Economics, Coordinator of...
    Itay Goldstein discusses where in the financial technology space is the most opportunity located. He argues that not only is fintech going to overhaul the traditional finance industry, but that there are also tons of activities occurring outside of the traditional finance sector. Therefore, he suggests it is crucial to critically analyze new technologies and their impacts on global society.
  • Image: Prime Minister Narendra Modi launched India’s flagship healthcare reform

    This is Part 2 of a two article series on healthcare reform in India. Part 1 explored the unique factors that drive healthcare policies in India. This piece analyzes India’s flagship healthcare reform, Ayushman Bharat, which is also known as “Modicare.”

  •  Senate Minority Leader Schumer announced Wednesday an effort to force vulnerable Republicans int...
    Senate Democrats attempt to defund Republican ACA lawsuit; House Finance Committee to vote on marijuana banking bill; US steel and aluminum tariffs stall North American trade conversation; January US trade deficit falls over expectations.

WHARTON PPI
RESOURCE SPOTLIGHT:

  • <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 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>
  • <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>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>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>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>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>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>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>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>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>