Economics

According to the Penn Wharton Budget Model, the U.S. has roughly 20 years to change course on the size of its debt before a default will become unavoidable.

Danny Cullenward of the Kleinman Center for Energy Policy at the Weitzman School of Design says that Europe’s climate regulators are far more active, whereas cycles of enforcement through litigation are more likely to determine whether a similar level of attention emerges in the U.S.

At the 1-hour-12-minute mark of “Bloomberg Markets: The Close,” Jeremy Siegel of the Wharton School discusses the potential economic ramifications of a government shutdown.

Nikolai Roussanov of the Wharton School comments that the fact that the shale revolution was so successful will keep a lid on real prices.

Sanya Carley of the Weitzman School of Design and the Kleinman Center for Energy Policy says that, in the case of the auto industry, many workers will have similar skills, but she also noted that some plants are being moved into southern states that have lower labor costs, cheaper electricity, and less union activity.

Rachel Werner of the Leonard Davis Institute, the Perelman School of Medicine, and the Wharton School explains why an increase in nursing home staffing levels is sorely needed.

R. Jisung Park of the School of Social Policy & Practice says that heat before or during exams is detrimental to student performance.

Kent Smetters of the Wharton School says that rising deficits can pose economic problems but that the connection between inflation and fiscal factors has often been overstated or misunderstood.

Kevin Volpp of the Perelman School of Medicine and the Wharton School says that randomized trials would be the most systematic way to assess the effectiveness of produce prescription programs.