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News Archive

  • In a Friday morning tweet storm, President Trump defended his tariffs, claiming that they would b...
    Trump defends tariffs; House Dems begin insurance blitz; Consumer prices rose, but inflation remains tame.
  • Penn Wharton PPI Faculty Affiliate, Professor Gilles Duranton
    Professor Gilles Duranton comments on the future of ride-hailing apps and the inevitability of increased rates in order to make companies such as Uber and Lyft more sustainable, viable, and profitable. 
  •  According to a diplomatic cable for Beijing, the Chinese government has amended its proposal to ...
    Tennessee becomes first state to convert Medicaid programs to a block grant; Federal regulators feel pressure to hold Facebook accountable; China backtracks on US trade deal; Mortgage applications up as real estate market quickens.
  • U.S. officials accused Beijing of defaulting on their promises on Monday, threatening to implemen...
    Trade fight escalates; U.S. pressures Arctic Council on mention of climate change; Job openings jump 7.49 million; Job surge points to tightening job market.
  • Following the renewed threats, the S&P 500 dropped 1 percent, with shares in industrials, sem...
    Top safety alums joining the driverless car industry; Trade talks set to continue with China despite Trump’s tariff threat; Trump administration grants seasonal worker expansion; Stock markets drop as Trump hurls tariff threats toward China.
  • Penn Wharton PPI Faculty Affiliate, Professor Gilles Duranton
    In a paper published by Wharton Professor Gilles Duranton, he discusses his findings that suggest how congestion pricing may not relieve India’s urban mobility issue. His research found that other complications such as poor road conditions and city design infringe on the mobility of cars – irregardless of the amount of traffic. 
  • Wells Fargo will pay $1 billion in fines imposed last week by regulators over accusations of over...
    Wharton Professor David Zaring discusses the implications of the $1 billion dollar fine levied on Wells Fargo and whether or not it is a sufficient value to function as a deterrent for future malpractices in big banks
  • According to a Washington Post report on Friday, Facebook informed the Federal Trade Commission t...
    Trump aims to protect health workers’ religious belief, Facebook agrees to greater oversight; Trump rids of offshore drilling rules enacted after BP oil spill; U.S. trade gap expands to $71.4 billion.
  • The Trump administration filed a brief in federal appeals court on Wednesday arguing that the ACA...
    Trump administration files brief calling for the end of the Affordable Care Act; CBO publishes new report on Medicare for All; Lawmakers feel pressure to fix loophole in 2017 tax law; Jobless claims unchanged from last week.
  • Image: US troops in Syria. Source: Wikimedia Commons
    For nearly eight years, civil war has been raging in Syria. Pro-democracy forces, Islamist groups, including the Islamic State of Iraq and Syria (ISIS), and Kurdish separatists form separate factions in the struggle against Bashar al-Assad’s regime. The United States military has also played an active role in the conflict, both engaging in firefights with and conducting air strikes against enemy targets.[1] However, on December 19th 2018, President Donald Trump claimed victory over ISIS and announced that a withdrawal of American ground troops was imminent.[2]
  • Image: Patient and doctor. Source: Pexels
    Medicare for All first became a fixture in the national political conversation in 2016, when Senator Bernie Sanders (D-VT) presented his plan for universal medical insurance during his Democratic presidential campaign. Since then, the idea has only gained traction in the political sphere, with several Democratic frontrunners for the 2020 presidential election announcing their support for Sanders’ plan.[1]
  • On Monday, Trump released a memo calling for regulations to impose fees on asylum applications, l...
    Labor Department decides that workers at gig company are contractors; President Trump moves to toughen the path to asylum; Congressional Democrats call for expansive infrastructure package; FDA struggles to keep up with booming cannabis market; Home-price growth slows to lowest level since 2012. 
  • Richard Cordray

    Wharton PPI welcomed the former Director of the Consumer Financial Protection Bureau, Richard Cordray, as our Visiting Fellow for Spring 2019. He also was a Distinguished Policy Fellow at Penn Law this semester.

  • On Sunday, Treasury Secretary Steven Mnuchin said that the over a year-long trade talks are enter...
    President Trump’s new trade rules face challenges; A finalized deal is expected to result from U.S.-China trade negotiations; Americans’ approval rating on the Affordable Care Act (ACA) remains split; U.S. consumer spending shows biggest gain since 2009.
  •  According to Interior Secretary David Bernhardt, the Trump administration’s plan to expand...
    Offshore oil and gas plan sidelined; Data shows that Mexico is now the U.S.’s largest trade partner; Judge gives U.S. six months to identify separated migrant children; GDP grew by 3.2% in the first quarter of 2019.
  • Democratic and Republican lawmakers are aligned on a myriad of tech regulation issues, including ...
    White House plays hardball on Congressional subpoenas; Trump immigration plan increases skilled work visas; Lawmakers reach bipartisan agreement on tech company regulation; Jobless claims at 19-month high.
  • House lawyers filed a motion requesting District Court Judge Trevor McFadden block the administra...
    House asks Federal judge to prevent the President from using DoD funds on border wall; Federal Reserve loosens bank investor restrictions; Facebook hires Patriot Act author.
  • On Monday, President Trump released a memorandum requesting strategies to restrict U.S. visitor v...
    Social Security won’t be able to fund full payouts by 2035; Trump administration moves to restrict visitor visas; New Medicare rule reduces payments to outpatient hospital clinics; New U.S. home reach 16-month high.
  • The battle over the Trump administration's efforts to add a question on citizenship to the 2020 c...
    U.S. ends waivers for countries to import Iranian oil; Fight over census question will be heard in the Supreme Court; Trump administration’s proposed hiring requirement faces scrutiny; Existing U.S. home sales fall.
  • U.S. health officials announced on Thursday that they hope the study will reduce opioid-related o...
    Debate escalating over the effects of Trump’s NAFTA deal; U.S. launches four-state, $350 million study on ways to combat opioid deaths; Housing starts fall to a near 2-year low. 
  •  The President’s Treasury Department is releasing new regulations which should clarify how ...
    Treasury Department announces new Opportunity Zone regulations; Trump administration Housing Department to limit housing aid for undocumented immigrants; Jobless claims continue to fall; Retail sales post big gains.
  • US businesses have asked the Trump administration not to include a citizenship question on the US...
    President Trump vetoes bipartisan Yemen measure; Trump administration to deny bail to asylum seekers; Businesses advocate against census citizenship question; US trade deficit falls in February. 
  • Associate Professor of Legal Studies and Ethics, Professor David Zaring

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

  • Penn Wharton PPI Faculty Affiliate, Professor Olivia S. Mitchell
    In light of the US Treasury Department’s announcement sanctioning corporate lump sum pension pay outs for employees, Wharton Professor Olivia Mitchell discusses the benefits it serves for companies and the potential risks it posses for employees. 
  •  On Monday, Mark Calabria, the new head of the Federal Housing and Finance Agency (FHFA), pledged...
    Trump administration stresses urgency of mortgage finance overhaul; Federal court dismisses Trump administration’s repeal of an Obama-era fossil fuel rule; U.S. manufacturing output is unchanged.
  • How much should a thing cost? This simple question is a politically vexing one, whether the cost ...
    Wharton Professor Peter Conti-Brown provides a historical conversation aimed at answering how laws and the court system have informed the polarizing question of “how much should credit cost?”(especially for those that are the most socially and financially disadvantaged in society)
  • President Trump has declared his intent to devise a new health-care plan and back a state-led law...
    White House considers President Trump’s sanctuary cities proposal; First Tax Day under President Trump’s law; Affordable Care Act (ACA) is popular despite President Trump’s opposition; Former Federal Reserve officials worry about the institution’s political independence.
  • South China Sea
    The tension between China, the United States, and other smaller countries around the South China Sea is one frequently covered by the news as the potential for conflict there holds a constant presence. Reports note that the most recent developments in the South China Sea involve increased military tensions as China, the United States, and various other countries such as Taiwan, Vietnam, China, the Philippines, Malaysia, and Brunei vie for authority in the region.[1]
  • Patrick T. Harker Professor, Professor of Business Economics and Public Policy, Department Chair ...
    Could algorithms collude on prices? Wharton Professor Joseph Harrington argues that it is difficult to determine based on the limited technical knowledge of algorithms. He also suggests that “algorithms will need to be tested in more advanced and complex environments” to see their impacts on pricing.
  • A group of lawmakers hosted a hearing Wednesday on insulin prices, vowing to help reduce prices o...
    Bipartisan lawmakers hold hearing on insulin prices; President Trump signs order targeting states’ ability to slow energy projects; Mnuchin announces US and China agree on trade enforcement mechanism; Producer price increases by highest increment in 5 months; Jobless claims at lowest level since 1969.

WHARTON PPI
RESOURCE SPOTLIGHT:

  • <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>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>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>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>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>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>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>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>