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

How undisclosed SEC investigations lead to insider trading

Should companies go public sooner about the fact that the SEC is investigating them? Daniel Taylor, a professor of accounting at Wharton, investigated this question in a research paper titled, “Undisclosed SEC Investigations,” which considers whether insiders gain an unfair advantage in being able to sell shares before the information hits the market.

Penn Today Staff



In the News


Bloomberg

Nasdaq will fall into bear market, Wharton’s Siegel says

Jeremy Siegel of the Wharton School said the Federal Reserve’s inflation-curbing measures could lead to a 20% decline in the Nasdaq 100 from the November record. “I don’t think the pain is over yet,” he said.

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Fortune

‘Social comparison on steroids’: How social media is fueling the ‘Great Resignation’

Sigal Barsade of the Wharton School said the “Great Resignation” is driven in part by a shift in cultural attitudes toward work online. “When people say, ‘I’m going to quit my job,’ their family and peers aren’t responding ‘Have you lost your mind?’” she said. “They're actually saying, ‘Yeah, we feel that way too.’”

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The New York Times

Why free COVID tests went viral

Jonah Berger of the Wharton School said the viral popularity of free COVID test kits is driven by the same thing that motivates consumers to order off “secret” menus: the thrill of passing along hidden information.

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Chronicle of Higher Education

Higher ed’s evolutionary—not revolutionary—pandemic response

Drawing on pre-pandemic data, Robert Zemsky of the Graduate School of Education predicted that 20% of higher education institutions were in danger of shuttering.

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The Washington Post

Thinking about quitting your job? Ask these six questions first

Nancy Rothbard of the Wharton School said the pandemic drove many people to reevaluate their careers and priorities. “Being at home also allows for a wholistic assessment of personal and social roles or identities,” she said.

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