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News Archive

  • On Monday, several states challenged Trump’s use of emergency powers to fund the border wal...
    Sixteen states sue President Trump over state of emergency; Trump advances trade agenda; The European Union disapproves of potential tariffs on imported cars; Housing Market Index (HMI) rises
  • The White House on Sunday defended President Trump’s declaration of a national emergency at...
    Upon President Trump’s announcement regarding a national emergency at the southern border, the White House issued a statement that it supports this action; GOP state leaders look to make it more tenuous to pass voter initiatives; Despite staggering projections that claim the Federal Deficit will top $1 trillion dollars by 2022, top economist recommend that the government continue to borrow in light of historically low borrowing costs.
  • President Trump will declare a national emergency as early as Friday to bypass Congress and build...
    To further his border wall agenda, President Trump plans to declare a national emergency; Top negotiators from both sides of the US-China trade conflict have made some progress on the broad outlines of a future agreement; Manufacturing output falls in the month of January; Consumer sentiment beats economists’ estimates
  • Lawmakers finalized a compromise border security measure late Wednesday which would provide $1.37...
    Congress to vote on bipartisan security bill without wall funding; Advocacy groups emphasize civil rights issues in big data debate; EPA leaders halted chemical health risk report; Average 4-week jobless claims at 1-year high; Producer price index falls 0.1%
  • Image: Helmet
    One in every four active duty members of the United States military exhibit symptoms of mental illness, which are mostly the manifestation of posttraumatic stress disorder (PTSD), depression, traumatic brain injury (TBI), and/or transition stress.[1] The lifetime prevalence of depression and PTSD are five and fifteen times higher respectively when comparing veterans to civilians.[2]
  • Averting a government shutdown, President Trump is expected to sign a compromise bill which would...
    Under the Trump administration, bank mergers are getting approved at a faster rate; The Trump administration faces a pivotal decision that would determine if states can receive exemption from the Medicaid expansion mandate; Trump to sign a compromise for the federal budget funding; Consumer prices remain unchanged in the month of January; The federal deficit falls to $14billion.
  • Key lawmakers announced a tentative deal late Monday that would avert another government shutdown...
    Lawmakers announce agreement to avoid government shutdown; A bi-partisan bill was proposed to ban drilling for oil and natural gas in an Alaskan wildlife refuge; A bi-partisan bill was introduced to help attract cyber security experts to the public sector through partnership with private companies; Legislators have launched efforts to repeal the cap on State and Local Tax deductions; Metrics indicate the greatest number of job openings are available now than in 19 years.
  • Congressional efforts to reach a border security deal ahead of another government shutdown broke ...
    Trump administration suggests that it will take steps to ease immigration standards for highly-skilled applicants; Trump to sign an executive order allocating resources to promote artificial intelligence; Congressional efforts to negotiate boarder security funding in anticipation of government shutdown deadline fall through.
  •   President Donald Trump is expected to sign an executive order, banning Chinese telecom ...
    With love hopes for federal emissions standards, States have led the initiative to set climate goals; Through an executive order, President Trump looks to ban Chinese telecom equipment; In light of an approaching March 1st deadline, US businesses are pushing for a resolution between US and China; The number of Americans applying for jobless claims retreat from an almost two year high.
  •   Rep. Alexandria Ocasio-Cortez (D-N.Y.) and Sen. Ed Markey (D-Mass.) released a blueprint for a ...
    Congresswomen Ocasio-Cortex and Senator Markey reveal the “Green New Deal,” a plan that hopes to transition the US to 100% clean energy and create new jobs in technology/infrastructure sectors; Trump administration to roll back lightbulb efficiency rules; House Democrats look to help protect those with pre-existing conditions in light of ACA controversy; Jobless claims fall this week.
  • Shining a Light on the Federal Reserve’s Foreign Affairs

    Throughout its history, the U.S. Federal Reserve has engaged in international diplomacy, outside the bounds of (and sometimes in conflict with) the priorities of the White House and U.S. State Department. In directing monetary policy, the Fed’s primary concern is to benefit the U.S. economy. In the process, the Fed at times acts in concert with foreign central banks, as was the case in setting new bank regulations after the 2008 financial crisis. At other times, the Fed acts in ways that other countries view as detrimental to their economic interests. Either way, the Fed operates with little public accountability, and can wind up complicating the work of U.S. diplomats. This brief addresses the questions of whether and how greater oversight of the Fed’s international activities should be pursued. The brief recommends not an overhaul of the Fed’s structure or the elimination of its role in international affairs, but instead calls for greater disclosure of its international activities. The authors suggest that the Fed should provide testimony to Congress twice per year on its foreign policies, just as it does for monetary and regulatory policy. This kind of disclosure permits broader discussion of the Fed’s activities without eliminating the benefits of its institutional independence for monetary policy.

  • A coalition of groups is urging House and Senate leadership to pass bipartisan legislation to imp...
    During the state of the union address, President Trump focuses on infrastructure; The NHTSA is rescinding an Obama era rule that would require event data recorders in new cars and trucks; Data on the foreign trade gap released Wednesday revealed the trade deficit falls in November; Despite the drop in interest rates, the number of mortgages applications still fall.
  • Assistant Professor of Healthcare Management, Professor Atul Gupta

    When the Affordable Care Act was passed in 2014, it allowed states to expand Medicaid services. One of the states that was impacted by this new measure was California.  With other researchers, Wharton Professor Atul Gupta discovered that “…half of the funds that went to California’s Medicaid expansion simply replaced benefits from pre-existing state and county health care programs.” Their discovery challenges whether the expansion of Medicaid services increased the overall health of California’s residents.

  • Senate Republicans are warning President Trump ahead of his State of the Union speech against usi...
    In light of President Trump’s announcement regarding his inclination to declare a state of national emergency, Senate Republicans warn against the move on political, constitutional, and ideological grounds; State GOP leaders hope to roll back on Medicaid expansions through federal preemption; The manufacturing Purchasing Manager’s Index fall to a four-mouth low; Metrics indicate that the growth of the service sector has slowed.
  • William Maul Measey Professor of Law,  Professor Tom Baker

     

    Amid the strong correlation between football and head injuries, one of the biggest issues for the National Football League is finding an insurance partner to cover CTE-related symptoms. Penn Law Professor Tom Baker suggests that “When insurance companies do act like regulators, they do it because of the liability. And the bigger the liability, the more they have a potential to earn a return for acting like regulators.”

  • After years of Republican-led debate over how to pare back Social Security’s rising costs, ...
    Democrats reveal a new proposal that would alter social insurance policies in the interest of people like the American elderly; A source close to the White House negotiations claims that the failure to establish wall funding would force President Trump to declare a state of emergency at the border; Data from JP Morgan on the international trade indicates the slowest amount of growth in two years.
  • Edward B. Shils Professor of Law, Professor of Political Science, Professor Cary Coglianese

    Penn Law Professor Cary Coglianese offers his perspective regarding the lack of regulatory work in the Federal Register, which was greatly impacted by the most recent government shutdown. He argues “The people who produce the analysis and provide the legal justification for these rules, they’re not there to process the public comments, think through and work with the Office of Management and Budget.” In this case, Coglianese suggests that it is important to separate the opinions of policymakers and those of the public.

  • Total nonfarm payroll employment increased by 304,000 in January, and the  unemployment rate edge...
    EPA adds eight new members to its Science Advisory Board, a move speculated to make the organization more industry friendly; Trump administration reveals policy change that would fine for drug rebates; Trump administration eases on small arms export regulations; Metrics indicate a rise in unemployment; Consumer sentiment drops most likely in light of government shutdown
  • The Saul P. Steinberg Professor of Management, Professor of Psychology, Professor Adam Grant

    One of the subjects highlighted at the 2019 World Economic Forum in Davos was workplace productivity. Wharton Professor Adam Grant argues that “[r]educed working hours bolster the quality of labor and creativity”. He also implies that reduced working hours could lead to greater global economic outputs.

  • The Trump administration unveiled changes to how the coveted visas for high-skilled foreign worke...
    Trump administration unveils changes to the visa program that promoted entry for skilled workers; House Democrats presents a funding proposal that excludes financing of border wall; Federal courts to hear case on net neutrality; Jobless claims surge to a near 18-month high; New home sales rise in November.
  • Image: Venezuelan refugee in Colombia, Source: Flickr
    Over the past decade, the humanitarian crisis in Venezuela has deteriorated the standard of living in the country. Former president Hugo Chavez and current president Nicolas Maduro have been unable to stimulate a stagnated economy in order to ameliorate living conditions in Venezuela. The United States has imposed sanctions on the country, arguing that they are necessary to restore democracy and human rights. Most recently, on November 1st, 2018, President Trump signed an executive order establishing sanctions on Venezuelan gold.[1] In this article, we provide an analysis of why the US government chose to target gold and present potential alternate solutions to the government’s current approach.
  • The Federal Reserve opted not to raise interest rates during its policy meeting this week and ple...
    A bi-partisan committee has been tasked with striking a deal for Department of Homeland Security funding; Congress is putting pressure on pharmaceutical industry to face drug price hearings; New EPA regulations provide greater latitude to natural gas producers; Federal Reserve votes to keep rates constant.
  • Wharton Professor Peter Conti-Brown
    In a discussion on the board practices of the Federal Reserve, Wharton Professor Peter Conti-Brown provides a historical account of the rotational voting system implemented by the Federal bank. 
  • The U.S. economy was expected to lose $3 billion from the partial federal government shutdown ove...
    Reports show that the government shutdown has cost a net $3 billion; Congress and the Executive Office explore new ways to permanently end the government shutdown; Trade talks between US and China resume following promising preliminary negotiations; Consumer confidence drops to a 18 month low.
  • President Trump said Sunday he doesn’t believe congressional negotiators will strike a deal...
    President Trump announces intent to fund border wall via emergency powers if necessary; Trump announces to combat surprise medical bills through legislation; National Labor Relations Board announces new rule making that would qualify fewer employees for federally mandated labor protections; National Activity Index rising.
  • Wharton PPI, Professor Cary Coglianese
    In a discussion on carbon tax legislation, or lack thereof, Penn Law Professor Cary Coglianese examines the covert ways in which climate change has actually incurred an unfair and often disparate charge on US citizens due to events such as property damage from natural disasters and depreciating air quality following mass fires. 
  • The Saul P. Steinberg Professor of Management, Professor of Psychology, Professor Adam Grant

    At the World Economic Forum in Davos, Wharton Professor Adam Grant offers his perspective of the “Fourth Industrial Revolution”, which is the ever-growing influence of technology in the workplace. Grant argues that the future working world “requires a new focus on skills” and not necessarily on education. In conjunction with other labor leaders and executives at the conference, Grant implies that organizations have the responsibility of retraining employees to help them prepare for jobs of the future.

  • The White House will announce a plan by next month to end government control of Fannie Mae and Fr...
    The Trump organization will begin returning asylum seekers to Mexico today as a part of a new policy instated last month; CEOs from big banks prepare for hearings from new Financial Services Chairwoman Maxine Waters; White House announces that it intends to end government control over Fannie Mae and Freddie Mac without prior congressional approval; New metrics show that home sales are slowing.
  • The Trump administration on Wednesday said a faith-based foster-care organization in South Caroli...
    Trump administration creates caveat that allows foster-care organizations to refuse placement to same-sex and non-Christian families; Metrics indicate a rise in the number of uninsured; White Houses requests impact report from agency leaders in order to assess potential cost of extending shutdown; Jobless claims return to a 49-year old low; In line with expert predictions, major economic index drops by 0.1%
  • George W. Taylor Professor, Professor of Management, Director of Center for Human Resources, Prof...

    Can HR be agile? Wharton Professor Peter Cappelli dissects this complex question. He contends that it depends on the use of the term”agile”. If the term”agile” is used as an adjective, he argues that it is similar to flexible business operations. Instead, Cappelli implies that one should consider the term “agile” as a noun. He asserts that agile is best defined as efficient business practices. Depending on the organizational structure, he also suggests that agile operations may not be necessary.

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>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>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>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>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>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>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>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>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>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>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>