Education, Business, & Law

Statement on Citibank Loan Program

The University of Pennsylvania has agreed to modify one of its student loan programs, which is offered by Citibank, in response to a recent inquiry made to the University by the New York Attorney General. Penn will reimburse all participants who borrowed from the Penn CitiAssist program for fees paid by Citibank to the University.

Grand Opening Planned Dec. 5 for 'The Hub,' Mixed-Use Building at 40th and Chestnut Streets

WHAT:  A grand opening event, celebrating the completion of The Hub, a nine-story, 100-unit residential-retail complex at 40th and Chestnut streets in University City, constructed by Teres Holdings, LLC, of PhiladelphiaWHERE:  The second floor of The Hub, 3935 Chestnut St., PhiladelphiaWHEN:  5:30 p.m. Tuesday, Dec. 5WHO:  Featured speakers will include:

Julie McWilliams



In the News


The Washington Post

Hong Kong remains vital economic asset for Beijing, despite unrest

Richard Marston of the Wharton School spoke about Hong Kong’s economic role in the world. “Hong Kong is just a very convenient construct for both China and the rest of the world,” he said. “It’s not in China’s interest nor in the rest of the world’s interest to have Hong Kong’s status changed.”

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The Takeaway with John Hockenberry

SoulCycle becomes latest brand to reckon with a social media boycott

Americus Reed II of the Wharton School joined a discussion about social-media-based boycotts. “Expressing this sort of moral outrage on Twitter is a very different idea than actually canceling your membership and inconveniencing yourself,” he said.

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MarketWatch

Goldman: Huawei deadline could further escalate a ‘full-blown economic conflict’ between U.S., China

Christopher Yoo of the Law School said Huawei is considered a threat to U.S. national security because “the Chinese government is widely thought to exercise considerable influence over Huawei.”

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Vice

Exclusive: Emails show this anti-tobacco crusader’s close relationship with JUUL

Neil Makhija of the Law School commented on the Iowa attorney general’s close relationship to JUUL. “I can't think of a historical precedent for a sitting attorney general advising a private corporation, let alone one under state and federal investigation,” he said.

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Philadelphia Inquirer

As the Moorestown Mall struggles, residents will pay higher taxes because of its losses

Barbara Kahn of the Wharton School attributed mall closures in part to the loss of key anchor stores, such as Macy’s. Others have managed to survive by rebranding as mixed-use developments, she said.

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