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Finance

Are we in the midst of a climate housing bubble?
Marketplace (NPR)

Are we in the midst of a climate housing bubble?

Benjamin Keys of the Wharton School says that most homeowners should be able to sell and move somewhere cheaper rather than defaulting on their loans.

Celebrating family firsts and resourcefulness in the Class of 2024
Lynn Larabi, Crystal Marshall, and Jason Chu.

Lynn Larabi, Crystal Marshall, and Jason Chu are among the first-generation college students graduating in the Class of 2024.

nocred

Celebrating family firsts and resourcefulness in the Class of 2024

Lynn Larabi, Crystal Marshall, and Jason Chu all entered Penn as first-generation college undergraduates and the children of immigrants and pursued different paths: political science, film, and finance and accounting.
Two Penn Ph.D. candidates awarded 2024 Newcombe Doctoral Dissertation Fellowship
A spilt image shows Arielle Alterwaite in the left half, posing with arms crossed and leaving against the exterior of a brick building, and the right side shows Katherine Scahill looking at the camera against a wallpapered background of tan and dusty red print.

History Ph.D. candidate Arielle Xena Alterwaite (left) and Music Ph.D. student Katherine Scahill (right) have been awarded the 2024 Newcombe Fellowship.

(Image: Courtesy of Eric Sucar, left; Courtesy Katherine Scahill, right)

Two Penn Ph.D. candidates awarded 2024 Newcombe Doctoral Dissertation Fellowship

The School of Arts & Sciences awardees are Arielle Xena Alterwaite, who is pursuing a Ph.D. in history, and Katherine Scahill, who is pursuing a Ph.D. in music.

Kristen de Groot

Report: Biden’s new debt relief plan estimated to cost $84 billion
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.

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’
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.

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
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.

Billionaire Barry Sternlicht is doing SPAC deal with himself
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.