Education, Business, & Law

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.

From Knowledge at Wharton

Fair use in visual arts

Penn Carey Law’s Cynthia Dahl weighs in on the SCOTUS decision regarding Andy Warhol and fair use in art.

From Penn Carey Law

Cary Coglianese on regulating machine learning

The Edward B. Shils Professor of Law and Professor of Political Science analyzes the Biden administration’s recent actions concerning the federal government’s use of artificial intelligence.

From Penn Carey Law



In the News


Axios

Declining malls get second lives as lifestyle hubs

John Zhang of the Wharton School says that lifestyle and entertainment attractions are the norm in many malls in China, Japan, and Hong Kong.

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Business Insider

The hidden expense that’s sucking $74 billion out of the economy

Mark Pauly of the Wharton School says that insurance companies are raising premiums because they’ve already suffered substantial losses in their homeowners business or are trying to protect against that happening in the future.

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Reuters

Trailblazer Elon Musk pushes a profane new frontier

Peter Cappelli of the Wharton School says that Elon Musk wishes to see himself as a rock star, not a business leader who needs to take account of many constituencies.

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Marketplace (NPR)

Facing pushback and government scrutiny, ESG investing may be headed for change

Witold Henisz of the Wharton School says that an annual letter in 2015 by Larry Fink, CEO of investment firm BlackRock, shifted the tone of ESG investing.

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USA Today

Why do millennials know so much about personal finance? (Hint: Ask their parents.)

Mauro Guillén of the Wharton School says that the Greatest Generation generally didn’t discuss money with their children, shielding the baby boom generation from the horrors of war and poverty.

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