5/18
Finance
How banks could protect themselves from runs
The 2023 banking crisis brought into sharp focus the downsides of rising interest rates and uninsured deposits. New research co-authored by Wharton’s Itamar Drechsler offers banks a way to manage those risks.
Three things to know about the debt ceiling fight
Economist Harold L. Cole of the School of Arts & Sciences offers an overview of what could happen should the U.S. default on debt payments because no spending deal is reached.
Graduating from the Wharton School and ready for the world
In her four years as a Wharton undergrad, Sahiba Baveja has two health care startups on her resumé, along with entrepreneurship courses, and a stint in the Venture Lab.
How households are locked in by rising mortgage rates
A new paper co-authored by Wharton’s Lu Liu looks at why homeowners become caught in a so-called “mortgage lock-in” and how that impacts their ability to move.
Lessons from the Silicon Valley Bank collapse
Wharton finance professor Itamar Drechsler discusses what led to the collapse of SVB and the questions it raises for banks, depositors, and regulators going forward.
This Wharton undergrad cycled the world’s highest volcano
Second-year Ryan Torres not only scaled Ojos del Salado by bike, he raised funds for World Bicycle Relief, an international nonprofit dedicated to improving access to cycling around the world.
What is the future of Social Security?
As Social Security continues to march toward insolvency, Olivia S. Mitchell of the Wharton School discusses current policy debates and the role of financial literacy in achieving reform.
Penn’s 2022 Green Purchasing Award recipients
Danielle Cavalcanto at the Perelman School of Medicine and the Division of Finance’s Disbursements Department are honored for significant solutions and novel practices for sustainability.
Mark F. Dingfield named VP, Finance and Treasurer at Penn
Dingfield joined Penn in 2017 as the associate provost for Finance and Planning, and will assume the role of vice president effective Oct. 17.
The Lauder Institute’s Chad Payne on Web 3.0 in Africa
Chad Payne, a second-year student in the Lauder Institute’s Africa Program, talks about his winning speech for this year’s Penn Grad Talks and the potential of Web 3.0 in Africa.
In the News
Philly high schoolers develop easy app to help predict the true cost of college
Finiverse, a project run out of the Wharton School’s Stevens Center, helps high school students assess what a college education might mean for their financial situation.
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Here’s what would happen to the US economy if there are no rate cuts this year
Itay Goldstein of the Wharton School says stock market prices still reflect the expectation that the Federal Reserve will cut rates later this year, even with the recent selloff.
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Report: Biden’s new debt relief plan estimated to cost $84 billion
According to economists at the Penn Wharton Budget Model, President Biden’s new plan to forgive some or all student loans for 26 million Americans would cost about $84 billion over 10 years.
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U.S. weighs ban on charging buyers for lender title insurance
Benjamin Keys of the Wharton School says that shifting title insurance costs to lenders won’t solve the current problem with the mortgage market.
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Hedge funder famous for his ‘black swan’ strategy says there’s ‘something immoral’ about America’s reliance on debt—and future generations ‘will bear the burden for this’
A 2023 study by the Wharton School found that the U.S. has about 20 years left for corrective action to fix the national debt before it hits 200% of GDP.
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The cult of tax efficiency: The totally legal way that Tesla, Ford, Netflix and dozens of other large companies use U.S. law to pay their C-suite more than Uncle Sam
According to Jennifer Blouin of the Wharton School, the federal government considers carrying over corporate losses from less- to more-profitable years a nice way to help companies over bumpy times.
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