Economics

A fair housing law proposal to promote racial and economic integration

A research brief co-authored by Provost Wendell Pritchett proposes the use of fair housing law to work toward the end of segregation, and emphasize that the Affirmatively Furthering Fair Housing provision of the Fair Housing Act extends to all federal agencies.

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Philadelphia Inquirer

Not everyone who is eligible for the child tax credit is receiving it

Pilar Gonalons-Pons of the School of Arts & Sciences spoke about the challenges low-income people face in accessing the new child tax credit payments. “This has become a very big problem,” she said. “There’s controversy because the website is not phone-friendly. There’s been a deficiency in outreach, and it’s been left up to advocacy organizations to reach those who need the money.”

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Marketplace (NPR)

Foreclosures are at a record low … for now

Susan Wachter of the Wharton School said the rate of unpaid mortgages is elevated at the moment, in part due to the pandemic. “For those who are unemployed, this is a serious problem,” she said. “Without a job, it is very difficult to pay off that mortgage.”

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CNBC

Biden’s infrastructure plan would cut U.S. debt and slightly increase economic growth, Wharton study finds

A study from the Wharton School found that a proposed bipartisan infrastructure deal would increase economic growth and decrease the national debt. Wharton’s Jon Huntley said the plan differs from the original one proposed by the Biden administration in that it doesn’t raise corporate tax rates.

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NBC News

Airports have always had trouble attracting workers. Expect longer lines for a while, experts say

Ioana Marinescu of the School of Social Policy & Practice explained why many companies are struggling to find new employees. “The pool of workers is roughly constant, while the number of employers trying to hire is going up and up and up,” she said.

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NPR

Capitalism: What is it?

Kristen Ghodsee of the School of Arts & Sciences and other experts discussed capitalism. “What we need is to actually rein in some of the free market fundamentalist ideology, which has led us down a path where a lot of people are pretty miserable,” she said.

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The Washington Post

The ideas of the first Black economics Ph.D. offer solutions to our problems today

Sadie Tanner Mossell Alexander, the first African American with a doctoral degree in economics, advocated for economic justice after graduating from Penn in 1921.

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