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Press Releases
Penn Wharton Budget Model Projects President Biden’s American Families Plan would spend $2.5 trillion and raise $1.3 trillion by 2031
AFP would increase federal debt by 4.6% and decrease GDP by 0.4% in 2050 PHILADELPHIA, May 5, 2021—On April 28, 2021, President Biden released the second phase of his administration’s infrastructure plan, the American Families Plan (AFP). The AFP is a $1.8 trillion proposal focusing on federal investment in childcare,…Read More Read More
Jessica Wachter Named SEC Chief Economist and Director of the Division of Economic and Risk Analysis
Washington D.C., May 3, 2021 – The Securities and Exchange Commission today announced that Jessica Wachter has been appointed Chief Economist and Director of the Division of Economic and Risk Analysis (DERA). Wachter joins the SEC from the Wharton School, University of Pennsylvania, where she has been a professor since 2003. “For centuries, capital markets have ...Read More
Creating Equity in COVID-19 Testing: 3Cor Bio Wins $30,000 Perlman Grand Prize in Virtual Startup Challenge
PHILADELPHIA, May 3, 2021—Venture Lab is pleased to announce the winner of the fifth annual Startup Challenge, sponsored by Eric Aroesty, C’92: 3Cor Bio, founded by Ranjan Pati (C’21, W’21). 3Cor Bio produces low cost, accessible diagnostics for infectious diseases, including a COVID-19 diagnostics device. Due to the COVID-19 pandemic, Venture Lab held the competition ...Read More
Wharton in the News
Wharton in the News
- Exclusive: Biden looking to sell child care, education plan with state-specific pitches May 6, 2021Outlet: USA Today Online--Kent Smetters on the Penn Wharton Budget Model's new analysis of the American Families Plan.
- Psych 101: New behaviors, new opportunities, Deborah Small at CNBC Small Business Playbook May 5, 2021Outlet: CNBC Online--Deborah Small explains consumer psychology to better understand new behavioral trends during the COVID-19 pandemic.
- Should Young Adults Stretch Financially to Buy a Home? - Journal Report May 4, 2021Outlet: Wall Street Journal, The--Susan Wachter argues interest rates are low, but home prices won't continue to rise.
- Opinion: Here’s why local hospitals, not insurance companies, are to blame for exploding healthcare costs May 4, 2021Outlet: MarketWatch--Rob Burns argues it's time to rethink competition rules surrounding hospitals.
- Don't Buy Into Facebook's Ad-Tracking Pressure on iOS 14.5 May 4, 2021Outlet: Wired Online--Ron Berman comments on Apple’s App Tracking Transparency update.
- Poets&Quants' Best 40-Under-40 Business School Professors Of 2021 May 3, 2021Outlet: Poets & Quants--Poets & Quants names Gideon Nave to list.
- SEC names new chief economist May 3, 2021Outlet: Pensions & Investments - Washington Bureau--Jessica Wachter named new SEC Chief Economist and Director of the Division of Economic and Risk Analysis.
- As more retailers turn to tech, Macy's store employees score victory in challenging self-checkout in mobile app April 30, 2021Outlet: CNBC Online--Santiago Gallino on digital transformation in retailing.
- Lessons from corporate bond market fragility April 28, 2021Outlet: Banker, The--Itay Goldstein argues a major crisis was only averted last year because of swift intervention by the US Federal Reserve.
- U.S. census shows slow population growth, constraining economy April 28, 2021Outlet: Marketplace Online - American Public Media--Olivia Mitchell on the winners in a slow-growing America.
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