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Finance
‘Bankrolling Empire: Family Fortunes and Political Transformation in Mughal India’
‘Bankrolling Empire: Family Fortunes and Political Transformation in Mughal India’
A new book by Sudev Sheth, senior lecturer in history and international studies, looks at how the leaders of one of the most dominant early modern polities lost their grip over empire.
How friendship and finance bloom at Wharton’s Stevens Center
How friendship and finance bloom at Wharton’s Stevens Center
Sindi Banaj and Maryem Bouatlaoui bonded in friendship as they collaborated on a college finance app built by high school students, for high school students.
The Economic Justice Partnership focuses on creating an equal financial playing field
The Economic Justice Partnership focuses on creating an equal financial playing field
From the basics of setting up an investment account to giving a play-by-play on how interest accrues, the partnership—a Projects for Progress winner—hosts financial literacy workshops with middle and high school students around Philadelphia, as well as Penn and other college students.
The economy and you
The economy and you
The latest episodes of the Wharton School’s faculty research podcast, ‘Ripple Effect,’ delve into the economics of the U.S. housing market, public policy, the possibility of recession, and the Federal Reserve.
Stevens Center unveils app made for teens, by teens
Stevens Center unveils app made for teens, by teens
For over a year, 35 high school students who are interns at the Center developed an app that helps college-bound adolescents calculate the cost of higher education.
Why stock valuation hinges more on returns than future earnings
Why stock valuation hinges more on returns than future earnings
Growth stocks don’t generate the long-term returns that would justify their high multiples, according to the 2023 Jacobs Levy Center’s “Best Paper” co-authored by the Wharton School’s Sean Myers.
Who, What, Why: History Ph.D. candidate Arielle Alterwaite looks at Haitian debt
Who, What, Why: History Ph.D. candidate Arielle Alterwaite looks at Haitian debt
Her work on Haiti’s sovereign debt in the aftermath of the Haitian Revolution holds lessons for what is currently happening there and more broadly for conversations around reparations.
The risky business of homeowners insurance
The risky business of homeowners insurance
State Farm, the largest insurer in California, has stopped writing new home insurance policies there, citing “rapidly growing catastrophe exposure.” In a Q&A, Wharton’s Benjamin Keys discusses climate change and its risk to the real estate market.
How banks could protect themselves from runs
How banks could protect themselves from runs
The 2023 banking crisis brought into sharp focus the downsides of rising interest rates and uninsured deposits. New research co-authored by Wharton’s Itamar Drechsler offers banks a way to manage those risks.
Three things to know about the debt ceiling fight
Three things to know about the debt ceiling fight
Economist Harold L. Cole of the School of Arts & Sciences offers an overview of what could happen should the U.S. default on debt payments because no spending deal is reached.
In the News
CNN
Here’s what would happen to the US economy if there are no rate cuts this year
Itay Goldstein of the Wharton School says stock market prices still reflect the expectation that the Federal Reserve will cut rates later this year, even with the recent selloff.
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Inside Higher Ed
Report: Biden’s new debt relief plan estimated to cost $84 billion
According to economists at the Penn Wharton Budget Model, President Biden’s new plan to forgive some or all student loans for 26 million Americans would cost about $84 billion over 10 years.
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Bloomberg
U.S. weighs ban on charging buyers for lender title insurance
Benjamin Keys of the Wharton School says that shifting title insurance costs to lenders won’t solve the current problem with the mortgage market.
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Fortune
Hedge funder famous for his ‘black swan’ strategy says there’s ‘something immoral’ about America’s reliance on debt—and future generations ‘will bear the burden for this’
A 2023 study by the Wharton School found that the U.S. has about 20 years left for corrective action to fix the national debt before it hits 200% of GDP.
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Fortune
The cult of tax efficiency: The totally legal way that Tesla, Ford, Netflix and dozens of other large companies use U.S. law to pay their C-suite more than Uncle Sam
According to Jennifer Blouin of the Wharton School, the federal government considers carrying over corporate losses from less- to more-profitable years a nice way to help companies over bumpy times.
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Forbes
Billionaire Barry Sternlicht is doing SPAC deal with himself
David Erikson of the Wharton School says that Starwood Capital’s proposed SPAC merger seems analogous to the continuation funds that many private equity funds are currently doing.
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