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News Archive

  • Penn Wharton PPI Faculty Affiliate, Professor Mauro Guillen
    In light of the disputed actions of President Trump at the recent G7 summit, Faculty Affiliate Mauro Guillen discusses the pitfalls of protectionism and challenges popular critiques of free trade.
  • T-Mobile and Sprint on Tuesday laid out the case for a $26 billion merger, filing for approval at the Federal Communi...
    T-Mobile and Sprint laid out the case for a $26 billion merger; Senate appropriations subcommittee approved a $23.688 billion financial services spending bill; Housing starts achieves an 11-year high. 
  • Penn Wharton PPI Faculty Affiliate, Professor Kevin Werbach
    Faculty Affiliate Kevin Werbach provides insight on the current trajectory of the net neutrality. Professor Werbach claims that “nothing will change the next day, companies are not going to take any major action to change their policies until its [the controversial repeal of Obama-era net neutrality protections] resolved.”
  • Stocks fell on Monday as a potential trade war between the U.S. and China — the world's largest economies in th...
    Speaker Ryan is bringing up two pieces of legislation aimed at immigration and the crisis of children separated from their families at the border; The Supreme Court passed up two opportunities to rule on partisan favoritism in drawing voting districts; The Dow Jones industrial average dropped 103.01 points due to trade conflict. 
  • Penn Wharton PPI Faculty Affiliate, Professor Michael Useem
    Recently on Knowledge@Wharton show on SiriusXM channel 111, faculty affiliates Howard Kunreuther and Michael Useem discuss the contents of their new book Mastering Catastrophic Risk: How Companies Are Coping with DisruptionBy reexamining the field of risk management, once an afterthought for many companies, the authors provides ways for business leaders think more deeply about worst-case scenarios in corporate settings. 
  • Penn Wharton PPI Faculty Affiliate, Professor Jennifer Blouin
    In a discussion on the implications of the Corporate Tax Cut, Faculty Affiliate Jennifer Blouin notes how, because companies do not yet know the final regulations to be implemented by the Treasury Department, they find themselves “playing a game without knowing the specific rules.”
  • 80% of small, fixed wireless providers in rural areas have delayed or decreased their network expansion and services
    Faculty Affiliates Kevin Werbach and Pinar Yildirim comment on the implications of the FCC’s repeal of Net Neutrality. First Professor Werbach points out that “there is this misunderstanding that net neutrality is kind of this catch-all provision that prevents broadband companies from doing bad things. It’s not.” Professor Yildirim goes on to challenge the notion that net neutrality ever really posed as a financial burden to ISPs. 
  • Trump announces  billion in tariffs on Chinese goods
    President Trump announced Friday he would not sign a GOP compromise immigration bill; The President announced Friday that the US would levy 25% tariffs on $50 billion of Chinese goods; The GDP is projected to grow at a four percent annualized rate in the 2nd quarter this year.
  • Stock markets have brushed off President Trump’s contentious performance at the Group of Seven summit, continui...
    The House Appropriations Committee approved a $23.4 billion financial services spending bill that includes a boost to IRS funding; Stock markets continue to rise despite President Trump’s contentious performance at the Group of Seven summit; New applications for U.S. unemployment benefits unexpectedly fell last week;  U.S. retail sales increased more than expected in May; Prices for U.S. imports increased 0.6 percent for the second consecutive month in May. 
  • Inflation rose at the fastest pace in six years in May, the Labor Department reported Tuesday.
    The House Committee voted to advance the Pentagon’s annual spending bill; Speaker Ryan announced House Republicans will vote next week on two bills aimed at addressing the fate of DACA recipient; Fed increases rates as expected; Inflation rose at the fastest rate in six years. 
  • Just weeks after passing a new tax on big businesses, Seattle political leaders signaled late Monday they would rever...
    Seattle political leaders signaled they would reverse course and repeal a new tax on big businesses; AT&T and Justice Department await a ruling on the proposed purchase of DirecTV; The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in May. 
  • The U.S. open internet rules expired on Monday, handing sweeping new powers to internet providers to block, throttle or of...
    Net neutrality rules enacted by the FCC went into effect Monday; Supreme Court upholds Ohio voter ID law; Despite strong economic and employment data, Economist’s survey predict an economic recession by the end of 2019 and the beginning of 2020. 
  • Penn Wharton PPI Faculty Affiliate, Professor Peter Cappelli
    In a discussion on the growing disparity between employer and employee agency within the labor market, Faculty Affiliate Peter Cappelli comments on the impact of the shareholder value movement and how it has facilitated these disenfranchising trends. Professor Cappelli claims that shareholder value encourages “the use of temps and contractors” to fill high-wage jobs because “that way the employer doesn’t have to raise wages for all their employees.”
  • The Atlanta Fed is forecasting 4.6 percent GDP growth for the second quarter.
    House approves a measure to recover $15 billion in previously appropriated government funding; US Justice Department claims the parts of the Obamacare mandate is unconstitutional; The Atlanta Fed is forecasting a double in the GDP annualized 2017 growth rate. 
  • The World Trade Organization (WTO) on Thursday said Mexico has filed a formal complaint against the United States over ste...
    The World Trade Organization said Mexico has filed a formal complaint against the United States over steel and aluminum tariffs; Senate Democrats signed a letter urging Paul Ryan to hold a vote on a bill that would restore the FCC’s net neutrality rules; Initial jobless claims totaled below previous projections; EIA Natural Gas Report demonstrates a new increase in working gas
  •  An acute shortage of affordable homes in the United States will continue over the coming year, according to a majori...
    On Wednesday, President Trump signed a bill that would enact several reforms designed to expand veterans’ access to private health care; The House Appropriations Committee revealed its $674.6 billion Pentagon spending bill; Shortages of affordable homes in the US continue to drive prices.  
  • Penn Wharton PPI Faculty Affiliate, Professor Olivia S. Mitchell
    Faculty Affiliate Olivia Mitchell discussed how fintech  – or the use of technology to support banking and financial services – holds a great deal of promise, but how it’s not yet fully helping those saving for or living in retirement. 
  • A Cancer Information Service (CIS) staffer answers the phone and provides assistance to a caller.
    In a keynote conversation with Faculty Affiliate Mae McDonnell, an expert on organizational design and management, Slack CEO Butterfield discussed how his responsibilities have led him to explore the wider factors that often leave people feeling disaffected, disenfranchised, or alienated at work.
  • Assistant Professor of Legal Studies & Business Ethics -Wharton School, University of Pennsylvania
    Faculty Affiliate Peter Conti-Brown examines and critiques a legislative solution that proposes banking for the poor through the postal system. Within this proposal, the United States Postal Service would not only oversee the mailing of letters and packages, but also traditional banking services as well. Professor Conti-Brown identified three thought provoking critiques that raise the question, are bankers—private and governmental alike—the best people to provide support for the poor?
  • Amol Navathe, a professor of medicine at Penn, discusses new research on how to cut medical bills using bundled payments.
    Faculty Affiliate Amol Navathe reflects on new research on the future of “bundled payments” and its implications on policy and the cost of care. Through a Medicare mandated program, hospitals were forced to offer knee and hip surgeries as a bundled package whereby the entire procedure and  recovery period are thought of as a holistic product. The results indicated a 5% in overall savings for the entire procedure, presenting a promising future for this model of health care administration. 
  • White House economic adviser Larry Kudlow said Tuesday that President Trump may seek to strike separate trade de...
    According to the White House economic adviser Larry Kudlow, President Trump may seek to strike separate trade deals with Canada and Mexico; JOLTS Metrics indicate little change from April except for a new series high in job openings level of 6.7 million; The US Services PMI index observed an increase in May.
  • Penn Wharton PPI Faculty Affiliate, Professor Jeremy Siegel
    In light of political turmoil in Italy, Professor Siegel advises listeners to monitor other types of movement and changes such as those of increasing interest rates. Consistent with his message since early December, Professor Siegel points to macro visions of the trajectory of the 2018 fiscal year. 
  • Penn Wharton PPI Faculty Affiliate, Professor Mauro Guillen
    Faculty Affiliate Mauro Guillen contextualizes a discussion on the potential ramifications of an economic collapse in the Italian peninsula. Experts fear a negative feedback loop where financial stress multiplies because the government is already so indebted that borrowing more money to fund shaky banks means yet more risk for investors, and that reduces the value of existing bonds, which in turn further reduces the value of the banks’ government bond holdings
  • Penn Wharton PPI Faculty Affiliate, Professor Katherine L. Milkman
    In a discussion on the lack of gender diversity in many company boardrooms, Faculty Affiliate Katherine Milkman’s study on tokenism was cited for its claim that “if organizations see gender diversity as a goal but tend to consider that goal satisfied once they match or just surpass the gender diversity levels of peers, then attaining true gender diversity may be jeopardized.”
  • International Shipping Trade
    President Trump announced new tariffs on aluminum and steel imports from Canada, Mexico, and the EU; Pending home sales are down while consumer spending is on the rise.
  • Volcker Rule prevents banks from making risky, short term trades
    The Volcker Rule, a regulation instituted in the wake of the financial crisis to prevent banks from making risky, short term trades, to be simplified; President Trump signs ‘right to try’ legislation; economic growth revised downward.
  • The Policy Trajectories of Autonomous Vehicles
    Autonomous Vehicle (AV) technology promises to dramatically reduce deaths and economic losses from crashes caused by human error, increase mobility for those with disabilities, and revolutionize the auto industry. Yet legislation to facilitate oversight of the development and deployment of AVs is stalling in Congress. Professor John Paul MacDuffie offers a primer on AV technology policy, and discusses strategies for addressing safety and other public concerns while still facilitating AV innovation in the private sector.
  •  
    President Trump said that he will put tariffs on $50 billion of Chinese imports, while limiting China’s investments in US tech industries; Concerns over Italy’s political situation, and reports of stagnant banking, have caused stocks to drop.
  • BMW logo
    President Trump is considering a new 25% tariff on imported cars after Commerce Secretary Ross announced that they are critical for national security. The House of Representatives passed the National Defense Authorization Act, the annual defense bill, that amounts to $717 billion in expenditures.President Trump signed into law a change in the Dodd-Frank Act.
  • President Trump figuratively cuts Dodd Frank

    The House of Representatives voted on two bills, one aimed at easing regulations on many but the largest banks, the second allowing patients to bypass the FDA in requesting companies’ approval on experimental drugs. Mortgage applications are down this week due to sharp rate increases.

 

PENN WHARTON PPI
RESOURCE SPOTLIGHT:

  • <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 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>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>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>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>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>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>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 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>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>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>