11/15
Economics
Nostalgia is not enough: Why consumers abandon legacy brands
Nostalgia is not enough: Why consumers abandon legacy brands
Legacy brands like Sears, Payless ShoeSource, and Toys “R” Us are shuttering their doors as customers abandon longstanding consumer mainstays. Despite customers having emotional connections to certain stores, “It is more like these brands are breaking up with the customers,” says Santiago Gallino of the Wharton School.
U.S. debt: Is it the calm before the storm?
U.S. debt: Is it the calm before the storm?
The U.S. national debt has crossed $22 trillion. Wharton’s Kent Smetters and Joao Gomes discuss the nation’s long-term debt burden and what might be done about it.
How do consumers respond to surprise medical bills?
How do consumers respond to surprise medical bills?
New research examines how consumers proceed with choosing medical care after receiving a “surprise bill” from an out-of-network expense.
Retail’s big mistake: Why slashing payroll cuts into profits
Retail’s big mistake: Why slashing payroll cuts into profits
Retailers need to recognize that employees are their most valuable asset in an era of online competition, according to Wharton professors Marshall Fisher, Serguei Netessine, and Santiago Gallino.
Why a 70 percent top tax rate will miss its mark
Why a 70 percent top tax rate will miss its mark
Penn Wharton Budget Model’s Richard Prisinzano discusses the idea of raising the top marginal tax rate to as high as 70 percent on income over $10 million.
A conversation with Kristen Ghodsee
A conversation with Kristen Ghodsee
In the second episode of Penn Today’s “Office Hours” podcast series, a casual chat with Professor of Russian and East European Studies Professor Kristen Ghodsee.
The real estate outlook for 2019: Waiting for millennials?
The real estate outlook for 2019: Waiting for millennials?
Wharton’s Susan Wachter and Benjamin Keys discuss the 2019 outlook for the U.S. real estate market.
How the appliance boom moved more women into the workforce
How the appliance boom moved more women into the workforce
A new book from economist Jeremy Greenwood looks at the effects of technological progress on home life.
Expert voices 2019: Why cities?
Expert voices 2019: Why cities?
Housing the majority of the global population, cities have come to define and shape the overarching challenges of the 21st century. The speed and scale of their development is unprecedented, raising complex questions about how to address the changes they bring to communities around the world.
Latin America in 2019: Will political upheaval stall growth?
Latin America in 2019: Will political upheaval stall growth?
William Burke-White discusses the economic impact of new leaders in Brazil, Cuba, and Mexico; upcoming elections in Argentina; and Venezuela’s upheaval in the face of Nicolas Maduro’s re-election.
In the News
The Independent
How the stock market could be last guardrails to corral Trump’s wildest whims
Jeremy Siegel of the Wharton School says that Donald Trump measured his success in his first term by the performance of the stock market.
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Bloomberg
How the subtle but significant consequences of a hotter planet have already begun
R. Jisung Park of the School of Social Policy & Practice discusses his book “Slow Burn: The Hidden Costs of a Warming World.”
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CNBC
Wharton’s Siegel says an extension of the 2017 tax cuts is certain with a Republican House majority
Jeremy Siegel of the Wharton School discusses the state of the economy and what to expect from the Federal Reserve in December.
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Business Insider
The fight over Jerome Powell puts Elon Musk at odds with Wall Street
Jeremy Siegel of the Wharton School says that virtually every economist and most members of Congress value the independence of the Federal Reserve.
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MarketWatch
Another Trump presidency could be a boon for the dollar — but some expect a bumpy ride
Jeremy Siegel of the Wharton School says that a rebellion by the “bond vigilantes” could impede some of the Republicans’ tax-cut agenda.
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Business Insider
Trump could dial back some proposed policies to avoid upsetting a roaring stock market, Wharton professor Jeremy Siegel says
Jeremy Siegel of the Wharton School believes that the new administration will adopt a strong pro-market stance, even at the expense of some of its proposed economic policies.
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