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Penn in the News
A round-up of Penn mentions in local, national, and international media.
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Penn In the News
Emergency Fed bank effort ends lending, as eyes turn to discount window
Peter Conti-Brown of the Wharton School says that the existence of the Bank Term Funding Program is an admission of failure on the part of the Federal Reserve.
Penn In the News
That spare change you donate at checkout is adding up to millions for charities
Cait Lamberton of the Wharton School says that customers may feel manipulated and resentful when prompted for charitable donations at checkout.
Penn In the News
More high schools are requiring financial-literacy classes. The pandemic may have played a key role
In a co-authored journal article, Olivia Mitchell of the Wharton School explains when financial education is at its most effective.
Penn In the News
Retailers take on Amazon Prime with new subscription services
Raghu Iyengar of the Wharton School says that the average American has 12 subscriptions, which doesn’t leave much room for additional retail subscriptions.
Penn In the News
How open source voting machines could boost trust in U.S. elections
According to a collaborative report by researchers at the Wharton School, a voting machine vendor suing to prevent auditable paper records from being used in voting demonstrates that market dynamics can be starkly misaligned with the public interest.
Penn In the News
Wage gap statistics: The numbers behind pay disparity
Olivia Mitchell of the Wharton School says that lack of financial literacy is a solvable problem that’s contributing to the wage gap.
Penn In the News
Philly shoppers have a ‘love/hate relationship’ with Amazon but can’t stop spending — as much as $2,000 a month
Peter Fader of the Wharton School says that customers aren’t necessarily busier but have gotten used to the convenience of Amazon, especially since the pandemic.
Penn In the News
Hotshot Wharton professor sees $34 trillion debt triggering 2025 meltdown as mortgage rates spike above 7%: ‘It could derail the next administration’
Joao Gomes of the Wharton School predicts that America’s $34 trillion debt burden may upset the world’s financial markets as early as next year, assuming that a president-elect announces a raft of expensive policies.
Penn In the News
Five questions for Ethan Mollick
Ethan Mollick of the Wharton School discusses the unpredictability of the current AI development ecosystem, why AI’s “apocalyptic” capabilities are overrated, and the need for government to set clear regulatory guidelines around AI.
Penn In the News
Generative AI is having a throw-everything-at-the-wall moment
Stefano Puntoni of the Wharton School says that experimenting with different generative AI products will inevitably help the best rise to the top, while the worst will fall to the wayside.