5/18
Penn in the News
A round-up of Penn mentions in local, national, and international media.
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Penn In the News
Wharton professor on turning responsible investing interest into sales
Cait Lamberton of the Wharton School discussed the decision-making behind sustainable investing. “At the end of the day, the question for the consumer has to be, ‘If I do this, what changes in the world? What will be different because I took this action?’ And it doesn’t even have to be something large; it has to be something concrete,” she said.
Penn In the News
America’s middle class is addicted to a new kind of credit
Lisa Servon of the Stuart Weitzman School of Design said payday lenders facing increasing regulation pivoted to online installment loans because they “saw the writing on the wall and figured, ‘Let’s anticipate this and figure out how to stay in business.’”
Penn In the News
Trump can’t rely on cable news running his rallies in full anymore
Kathleen Hall Jamieson of the Annenberg Public Policy Center said that coverage of President Trump’s political rallies on cable news is “the equivalent of paid advertising” for his reelection campaign.
Penn In the News
America’s great climate exodus is starting in the Florida Keys
Billy Fleming of the Stuart Weitzman School of Design commented on ad hoc efforts by local and state governments to fund buyouts for homeowners in flood-prone areas. “The scale of this is almost unfathomable,” he said. “If we take any of the climate science seriously, we’re down to the last 10 to 12 years to mobilize the full force of the government and move on managed retreat. If we don’t, it won’t matter, because much of America will be underwater or on fire.”
Penn In the News
CEOs spurn investor-first model. Now critics ask ‘what’s next?’
Larry Hamermesh of the Law School rebutted claims that companies are legally required to prioritize shareholder returns. “The most frustrating thing I ever hear is when someone says that a board of directors can’t do things that are attuned to sustainability under the current legal system,” he said. “They can. There is nothing in the law that precludes this.”
Penn In the News
Trump calls for overhaul of costly kidney dialysis program
In response to President Trump’s push to reform the kidney dialysis program, which largely relies on clinic-based treatment, Jeffrey Berns of the Perelman School of Medicine said “there is under-utilization of home dialysis and under-exposure to it.”
Penn In the News
Trump will lose in 2020 if he doesn’t ‘keep the market humming,’ Siegel says
Jeremy Siegel of the Wharton School said “the biggest mistake that most investors make is reacting to all the blogs and tweets and twists and turns of the market.”
Penn In the News
Upgrade your memory with a surgically implanted chip
Michael Kahana of the School of Arts and Sciences discussed his contributions to the development of an implantable prosthetic memory aid. “Just like meteorologists predict the weather by putting sensors in the environment that measure humidity and wind speed and temperature, we put sensors in the brain and measure electrical signals,” Kahana said. If it doesn’t detect enough brain activity, the device then provides a small zap to trigger memory formation.
Penn In the News
Uber blame game focuses on Morgan Stanley after shares drop
The Wharton School’s David Erickson commented on a drop in Uber’s stock prices, saying the company looks “kind of like what happened after Facebook. The balloon got deflated on the first day.”
Penn In the News
Facebook breakup call from co-founder easier said than done
PIK Professor Herbert Hovenkamp said challengers of Facebook’s acquisitions of Instagram and WhatsApp would need evidence of consumer harm to justify invoking antitrust law.