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News Archive

  • New immigration policy to allow indefinite detention. The Trump administration on Wednesday unvei...
    ACA footprint grows under health insurers expansion; Budget deficits could limit U.S recession response effectiveness; New immigration policy to allow indefinite detention; New initiative to research mental illness and gun violence; U.S. jobless claims fall in sign of labor market strength; Leading index signals moderate growth ahead. 
  • Administration weighing options to avoid recession. After it was reported the administration was ...
    Administration weighing options to avoid recession; FDIC approves Volcker rule changes; Farmers frustrated over ethanol exemptions; Existing home sales climb 2.5% in July; CBO raises 10-Year forecasts for budget deficits by $809 billion; FOMC releases minutes from July meeting.
  • uniform, healt care, doctor, health, hospital, medical care, medicine, ambulance, stethoscope, me...
    Professor Allison Hoffman breaks down the misrepresented idea of “choice” behind several Democratic Presidential Nominees’ support for alternative healthcare options to Medicare for all. She shows the structural barriers that make it so that even with a choice, often patrons make poor health insurance decisions.
  • California and Trump press on in emissions standards battle. Delivering a blow to the Trump admin...
    State Attorneys General open antitrust investigation of big tech companies; U.S. renews Huawei waiver for 90 days; HUD proposes changes to fair housing rules; California and Trump press on in emissions standards battle; White House considering payroll tax cut; Investors hopeful for more rate cuts.
  • Trump and team attempt to downplay recession fears. Donald Trump and top White House officials, i...
    Trump ties Hong Kong protests with China trade talks; Pelosi cautions Mnuchin against cutting foreign aid; Trump and team attempt to downplay recession fears; NABE survey reveals economists’ recession expectations; Survey shows surge in support for free trade.
  • The consequences of climate change for the world are becoming increasingly well-known, even if th...
    Professor Cornelia Colijn discusses the important role of cities in the fight against climate change. She address why they are at the forefront of this effort and why cities favor adaptation solutions rather than mitigatory ones.
  • Penn Wharton PPI Faculty Affiliate, Professor Judd B. Kessler
    Professor Corinne Low and Judd B. Kessler discuss their research into hiring bias and their findings. Even in companies that purportedly champion diversity, there were indicators of implicit bias that favor some applicants over others. 
  • Penn Wharton PPI Faculty Affiliate, Professor Mauro Guillen
    Professor Mauro Guillen comments on the implications of the rising tensions between the US and China on the export dependent Korean economy. He urges the Korean Government to be cognizant of the ripple effect that will likely be felt from the currency war, onto the global economy, and then onto Korea. 
  • Joseph Harrington
    Professor Joseph Harrington discuss T-Mobile and Sprint’s move to convince regulators that a merger is well advised. The companies proposes a fast track to 5G rollout and the creation of a new carrier: Dish. Though creative, Harrington has his doubts
  • U.S. President required to be told he cannot buy foreign sovereign land. President Trump is said ...
    U.S. President required to be told he cannot buy foreign sovereign land; Labor Department proposes religion exemption for hiring and firing; Implementing International Price Index for drugs is a top priority; Trump merit-based immigration policy will lead to sicker children; U.S. homebuilding fell for a third straight month in July; Trade worries send consumer sentiment lower than expected. 
  • Trump seems to link Hong Kong protests to trade talks with China. President Trump linked Hong Kon...
    Trump seems to link Hong Kong protests to trade talks with China; DHS wants to shift money to immigration enforcement; Government moves toward easing drive-time rules for truckers; Jobless claims hit 6-week high of 220,000; U.S. retail sales beat estimates to show strong consumer spending; U.S. industrial production slips in July.
  • Trump walks back tariff threat. Bowing to pressure from U.S. businesses and concerns over the eco...
    Trump walks back tariff threat; 22 states sue EPA to block Trump’s coal-friendly power plant rule; FHA loosens crisis-era rules for first time condo buyers; Iowa farmers still backing Trump amidst trade war; U.S. import and export prices rise in July; Key yield curve inverts. 
  • Trump to deny green cards to immigrants receiving public benefits. The Trump administration relea...
    Trump to deny green cards to immigrants receiving public benefits; U.S. significantly weakens endangered species act; U.S. budget deficit already exceeds last year’s total figure; Legal battles continue over reduced fuel efficiency penalties; African Americans and minorities underserved by U.S. banks; Trump’s jobs efforts not delivering results; U.S. consumer prices up in July. 
  • Image: Fingerprint scan. Source: Pixabay.
    Biometric information is data involving any physical or behavioral human characteristic; common examples include fingerprints, retina scans, and facial patterns. In recent years, the use of this information has become increasingly commonplace. In 2018, 62% of companies reportedly already used biometric information for verification and access purposes.[1] Higher security is thought to incentivize this switch from passwords and IDs to biometric authentication.
  • Leading indicator signaling recession. A historically reliable harbinger of U.S. recessions, the ...
    California’s AB5 could radically change the gig economy; Goldman lowers U.S. growth forecast on trade tensions; Lobbyists capitalizing on growth of cannabis industry; Current level of federal minimum wage has little economic impact; Leading indicator signaling recession.
  • Image: Stocks. Source: Wikimedia Commons.
    These days, it seems like every other reported major tech advancement is in some way related to artificial intelligence (AI). Indeed, AI is a big deal, and it’s on the verge of revolutionizing everything from how we drive to how we raise our children. One industry bound to feel AI’s impact is the financial services sector.
  • Penn Wharton PPI Faculty Affiliate, Professor Susan M. Wachter
    What does a drop in construction spending mean for economists? Professor Susan Wachter claims that it could be a harbinger of a slowing economy. 
  • Penn Wharton PPI Faculty Affiliate, Professor Jeremy Siegel
    Is a US economic recession imminent? Professor Jeremy Siegel says, no, but a slowdown is perhaps in the horizon. “I don’t see [a recession coming up]. I also think that the Fed has enough silver bullets” he says. 
  • Trump renews pressures on Fed. In a series of tweets issued on Thursday, President Trump continue...
    EPA eyes changes to Clean Water Act; Trump renews pressures on Fed; Graham promises repeal of ACA if Republicans win big in 2020; U.S. Producer price index rose 0.2% in July; U.S. China Trade battle stifles global oil demand.
  • China sets yuan’s midpoint at weakest level since 2008. On Thursday, the People’s Bank of...
    Trump considering executive action over alleged anti-conservative tech bias; China sets yuan’s midpoint at weakest level since 2008; Medicare to cover high-priced cancer treatment; UN climate change report calls for changes to human diet and land use; Initial jobless claims fall by another 8,000.
  • Image: Windmills on a table in a business meeting; Source: Pxhere
    In 2014, when Volkswagen’s TDI diesel cars began showing discrepancies in emission readings between lab tests and real-world tests, there were many questions about the underlying cause. Investigations revealed that Volkswagen installed emissions software, known as “defeat devices,” on more than a half-million diesel cars in the U.S. These devices were able to differentiate between test mode and real-world driving. In test mode, the cars were fully compliant with the Environmental Protection Agency’s emissions laws, but the actual emissions while driving were almost 40 times higher than the federal limit.[1]
  • Image: Prescription medication. Source: WBUR.
    Medication costs have long been a significant component of healthcare bills in the United States. According to the Centers for Disease Control and Prevention, national spending on prescription drugs exceeded $328 billion in 2016, representing nearly 10% of all national health expenditures.[1] However, the unique marketplace for prescription medication in the U.S. has stirred much debate on how to best regulate such a complicated industry.
  • Image: Electric scooters. Source: Wikimedia Commons.
    In the months leading up to my summer in D.C., I dreamed of walking along the National Mall, the Washington Monument and Lincoln Memorial glistening grandly in the backdrop as hundreds of tourists strolled casually about. What I did not picture, however, were the electric scooters that have taken over the city. From their incessant buzzing to their seemingly ubiquitous presence, these scooters have become a fixture of the city landscape.
  • China halts all U.S. agriculture purchases. Suffering another blow from the U.S.-China trade war,...
    U.S. tariffs on pace to generate $100 billion this year; Foreign aid funds put on hold for review; China halts all U.S. agriculture purchases; Congress working towards data privacy legislation; FOMC members says trade policy is becoming a challenge.
  • U.S. labels China a currency manipulator. The Trump administration and Treasury Department formal...
    U.S. labels China a currency manipulator; Federal Reserve announces real-time payments system FedNow; “How Much Nature Should America Keep?”; Trump pick throws FERC into turmoil; JOLTS adds to upbeat signs in labor market.
  • Professor Ioana Marinescu
    In a discussion on Presidential Candidate Andrew Yang’s basic universal income idea, the authors cite Professor Ioana’s research on the Alaska Permanent Fund, the closest active comparison to Yang’s policy. 
  • Professor of Legal Studies & Business Ethics, Professor of Law
    Professor Herbet Hovenkamp comments on how the Qualcomm dispute may further complicate the competing investigations into antitrust led by the FTC and the DOJ. 
  • Professor Peter Conti Brown
    In a discussion on the Fed’s recent push to be more transparent, Professor Peter Conti-Brown comments on how the federal bank did not always operate this way. 
  • Penn Wharton PPI Faculty Affiliate, Professor Gilles Duranton
    Professor Gilles Duranton comments on the startup Opendoor pioneering Real Estate “iBuying.” Though he has doubts about its reach and impact, he ultimately thinks the model will work. 
  • A government proposal to exempt more companies from audit requirements would give relief to 11 co...
    Accounting Professor comments on the risks imposed by a government proposal to provide audit waivers to certain companies; “There should be no question that this will unambiguously lead to weaker internal controls, greater restatements and greater destruction of shareholder wealth.”

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>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>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>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>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>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>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>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>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>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>