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News Archive

  • China to boost imports under preliminary trade deal. Under the “phase one” trade deal, Ch...
    Sequence of tariffs set to begin; China to boost imports under preliminary trade deal; Farmers feel the pain from lack of USDA climate adaption assistance; Bullard wants rate cuts to fight slowing growth. 
  • ‘If both sides don’t think there is a deal, there’s no deal.’ Though the market jumpe...
    ‘If both sides don’t think there is a deal, there’s no deal.’; FDA-approved edible cotton could help meet global protein demand; U.S. officials struggling to quantify the value of digital activities; Global growth prospects weighed down by trade uncertainty.
  • U.S.-China trade talks started off on positive note. Chinese Vice Premier Liu He visited the Whit...
    Fed weakens bank requirements; U.S.-China trade talks started off on positive note; Senate will vote to reverse Trump healthcare, tax, and environmental changes; Push for FASC to work for whole-government; California proposes new data privacy rules; Import prices rise 0.2%
  • White House signs off on licenses for Huawei business. In what has been interpreted as an act of ...
    White House signs off on licenses for Huawei business; China trade talks resume Thursday with U.S. weighing escalation options; Plan in place to prevent tech giants from dodging taxes; EPA set to announce new lead standards in water; Consumer prices unchanged in September; Jobless claims fall unexpectedly.
  • U.S. to Restrict Visas for Chinese Officials. One day after the U.S. imposed export restrictions ...
    U.S. to Restrict Visas for Chinese Officials; Treasury Considering Rolling Back Obama-era Offshore Tax Rule; Changes to Anti-Kickback Rules for Health Care Providers; Trump Officials Eliminate Board that Advised on Smart Grid Innovation; Falling U.S. Job Openings Point to Slowing Labor Market; Federal Reserve Officials Worried.
  • 28 Chinese firms added to U.S. blacklist over human rights violations. On Monday, the Commerce De...
    28 Chinese firms added to U.S. blacklist over human rights violations; China tones down expectations for trade talks; Federal deficit hits $984 billion; New NAFTA deal promising amid impeachment drama; Trump looks to insert U.S. tech regulation in trade agreements; Producer prices unexpectedly fell in September.
  • How Regulators Can Help Smooth the Credit Cycle
    In this time of market volatility, certain alternative private funds that invest in debt or credit have the potential to play an important role in promoting financial stability, as they are structured to supply the economy with a countercyclical source of credit. Despite the benefits to economic resilience, however, the development of a robust market for nonbank credit has generated concern among some financial stability watchdogs, reflecting long-standing distrust about the shadow banking sector. This brief outlines the rationale for why regulators and legislators should be thinking of ways to allow more—not less—investment to flow into the private credit/debt market, to mitigate future economic downturns. In particular, the brief argues that certain private credit/debt fund investments should be made accessible to retail investors, and recommends possible avenues the SEC could pursue—i.e., amending the definition of an accredited investor and expanding exemptions under Regulation D—to enable that to happen. In addition to fostering a countercyclical source of credit, such a deployment of the SEC’s rulemaking power also stands to have the ancillary benefit of promoting broader financial inclusion.
  • Immigrant-Visa Applicants Required to Show They Can Afford Health Care. The Trump Administration ...
    Tech Probes Split the GOP; Immigrant-Visa Applicants Required to Show They Can Afford Health Care; Trump’s Defiance of Oversight Presents New Challenge to Congress; Economists Wrestle with How to Help ‘Left Behind’ Areas; Average Commute Time Reached a New Record.
  • Penn Wharton PPI Faculty Affiliate, Professor Lynn Wu
    Wharton’s Lynn Wu discusses her research on how different organizational structures influence the use of data analytics to spur innovation. “Analytics can really drive the creation of recombinations, or combining a diverse set of existing technologies in a new way’ says Wu.
  • Uber’s app interface.
    Professor Matthew Bidwell comments on the ways in which the gig economy represents an interesting phenomenon that has affected industries like the taxi sector, however, he asserts that it may have not had as wide reaching effects as suggested. 
  • Supreme Court agrees to hear Louisiana abortion case. The Supreme Court agreed to review a Louisi...
    Trump’s China-Biden investigation proposal invites political blowback; Barr asked Facebook to delay encryption plan; Trump accused of infringing on states rights with environmental policy; Supreme Court agrees to hear Louisiana abortion case; Trade deficit widens to $54.9 billion: more than expected.
  • U.S. set to slap tariffs on EU following WTO Airbus ruling. The U.S. will impose tariffs on $7.5 ...
    U.S. set to slap tariffs on EU following WTO Airbus ruling; Trump administration to broadly expand DNA collection of migrants in custody; Pelosi pushing trade deal amidst impeachment inquiry; Trump to unveil Medicare plan in bid to contrast Democrat rivals; U.S. jobless claims rise for third straight week.
  • Penn Wharton PPI Faculty Affiliate, Professor Cary Coglianese
    Wharton’s Steven Kimbrough and Carolyn Kousky and Penn Law’s Cary Coglianese discuss the solutions offered by a new Penn-wide report on climate change.
  • John C. Hower Professor, Professor of Operations, Information, and Decisions, Professor Kartik Ho...
    Professor Kartik Hosanagar comments on the privacy failures of current industry practices around anonymizing datasets. 
  • Professor Peter Conti-Brown
    In response to an op-ed published by Bill Dudley, Professor Peter Conti-Brown comments on what heeding this advice means for the Federal Bank. According to Conti-Brown, this could be an end to the central bank’s political insulation.
  • With court decision, net neutrality rules could return at to state level. On Tuesday, the U.S. Co...
    With court decision, net neutrality rules could return at state level; Trump administration’s offer for state designed wellness programs faces pushback; Spotlight on marijuana banking bill shifts to the Senate;ADP reports 135,000 private-sector jobs in September.
  • Big Tech worried about lack of federal privacy rules. Sources claim that Congress won’t pas...
    BLM greenlights Arctic drilling, claiming “there is no climate crisis.”; Big Tech worried about lack of federal privacy rules; Federal judge upholds SALT cap; Trump administration takes step to make Fannie Mae and Freddie Mac private again; On Tuesday, the WTO said that global trade is expected to grow at the lowest pace since 2009; IHS Markit’s PMI indicates September expansion. 
  • Evidence emerging that the ACA saves lives. Nearly a decade after the Affordable Care Act (ACA) w...
    Google’s new IP comes under scrutiny; Evidence emerging that the ACA saves lives; 3-D printing reducing Air Force costs; Crypto exchanges band together; U.K. yield curve inversion may be weakening as a recession indicator.
  • Image: Technology. Source: Flickr.
    Over the past decade, technology has profoundly changed the way we live. From drone delivery systems to autonomous vehicles, our current society operates at a scale inconceivable to even the greatest innovators of past. However, with the rapid onset of technological development, questions arise regarding how the government should regulate new and unknown risks.
  • Image: Aerial shot of trade shipment. Source: Small Business BC.
    One of President Trump’s key campaign promises was to reevaluate the trade relationship between the U.S. and China. In 2018, the Trump administration imposed tariffs of up to 25% on over $250 billion worth of Chinese goods.[1] In response, China imposed tariffs of similar severity on $110 billion worth of American goods, such as chemicals, coal, and medical equipment.[2] Since then, the two largest economies in the world have been engaged in an escalating trade war, but the meeting between President Trump and Chinese President Xi Jinping during the 2019 G20 summit signaled progress in negotiations. Here, the two leaders agreed to a ceasefire and a return to discussions for a trade deal.[3]
  • Senate stopgap bill averts shutdown. The Senate passed stopgap spending legislation today that wi...
    Trump administration to allow record low number of refugees into the U.S.; Democrats, utilizing whistleblower report, push for election security; Senate stopgap bill averts shutdown; Personal income increased 0.4 percent in August 2019
  • Penn Wharton PPI Faculty Affiliate, Professor Howard Kunreuther
    In a discussion hosted by Knowledge at Wharton, Professors Howard Kunreuther and Michael Useem discuss their research into the creative policies and practices companies have adopted to curb against the the risks imposed by disaster. Through this work, they distilled a 10-part checklist for avoiding future calamities. 
  • U.S. and Japan agree on limited trade deal. U.S. President Donald Trump and Japanese Prime Minist...
    Oil & Gas industry want USMCA passed amid impeachment inquiry; Senate fails again to end Trump’s national emergency; Marijuana legislation may pass under banking bill; Congress can’t keep up with automakers on self-driving cars; U.S. and Japan agree on limited trade deal; U.S. jobless claims increase to three-week high; U.S. GDP growth unrevised in second quarter.
  • Speaker Nancy Pelosi announced Tuesday that the House will launch a formal impeachment inquiry ag...
    Speaker Nancy Pelosi announced Tuesday that the House will launch a formal impeachment inquiry against President Trump in response to the ongoing whistleblower complaint; The UN Intergovernmental Panel on Climate Change released a report on Wednesday that reviewed and predicted the state of the world’s oceans and ice; Congress is currently acting on the SAFE Banking Act: a bill that would provide protections to financial institutions that serve cannabis businesses; More workers to qualify for overtime; Despite advice from Energy Department, EPA granted full biofuel waivers; U.S. home sales increase more than expected in August.
  • Binyamin Appelbaum

    On September 24th, the Wharton Public Policy Initiative hosted Binyamin Appelbaum for a talk on his newly released book, The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society. Appelbaum is a member of the New York Times Editorial Board and his book traces the history of the US economists’ growing influence in the policy sphere.

  • Questions about Trump’s authority to withhold whistleblower complaint. As the whistleblower...
    Questions about Trump’s authority to withhold whistleblower complaint; California law to change status of workers in gig economy; Pharmaceutical companies stepping up lobbying efforts to protect pricing power; Backlash against use of facial recognition in public housing; Home price index indicates housing market heating up; Consumer confidence index fell to 3-month low.
  • Congress has one week to fund government before it shuts down. And before Congress leaves for a t...
    Congress has one week to fund government before it shuts down; Ukraine call raises impeachment pressure; Fannie, Freddie getting closer to retaining their earnings; Keynes would be concerned of America’s savings rate; U.S. manufacturing sector recovered in September.
  • Joseph Harrington
    Professor Joseph Harrington shows skepticism around Sprint’s strategy to leverage Dish Network in order to merge with T-Mobile. 
  • Penn Wharton PPI Faculty Affiliate, Professor Peter Cappelli
    Wharton’s Peter Cappelli and Prasanna Tambe discuss their new research about the challenges of using AI in human resources. The professors show how limited data, the complexity of HR tasks, fairness and accountability pose problems for digital HR
  • Penn Wharton PPI Faculty Affiliate, Professor Ezekiel J. Emanuel
    Professor Ezekiel Emanuel is joined by Victor R. Fuchs in an Op-ed where the two venture to address some of the widespread misconceptions and fallacies circulating in today’s health care debate. 

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>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>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>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>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 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>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>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 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>