Bringing together top leaders, innovators and renowned faculty from the Wharton School of the University of Pennsylvania discussing topics that matter to consumers and the business world.
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Bringing together top leaders, innovators and renowned faculty from the Wharton School of the University of Pennsylvania discussing topics that matter to consumers and the business world.
Hosted on Acast. See acast.com/privacy for more information.
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We're featuring a series this month called “2019: A Look Ahead” and continue with a look at the current labor markets. 2018 ended with very positive news: the economy added around 2.6 million jobs in 2018, and wages grew by 3.2 percent. The labor participation rate climbed over 63 percent, meaning more people were coming back into the workforce, which also nudged the unemployment rate up a bit to 3.9 percent. As 2019 starts, 20 states and around two dozen cities are raising the minimum wage. However, the country is now feeling the effects of the government shutdown, the current trade war, and a shaky Wall Street. So, what can we expect to see this year? Host Dan Loney is joined by Peter Cappelli, the Director of the Center for Human Resources and Professor of Management at the Wharton school, and Iwan Barankay is an Associate Professor of Management and Associate Professor of Business Economics and Public Policy at Wharton, to discuss their projections for the labor market in 2019 on Knowledge@Wharton.
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As we continue our “2019: A Look Ahead” series, we focus on the financial markets, which have been on a roller coaster of ups and downs the last few months. The Dow Jones Industrial Average saw a decline over 10 percent and both the NASDAQ and S&P 500 saw significant declines as well. The factors that lead to some of this uncertainty are still in place, including the U.S. trade war with China and President Trump's open disagreement with the Federal Reserve's decision to raise interest rates. Host Dan Loney talks with Jeremy Siegel, Finance Professor at the Wharton School, and Gad Allon, Professor of Operations, Information and Decisions and Director of the Management and Technology Program at the Wharton School, to discuss what these trends mean for the future market trends of 2019 on Knowledge@Wharton.
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We're featuring a series this month called “2019: A Look Ahead” and continue with a look at the banking sector. Overall, banks have done well under the Trump administration that has worked on cutting regulations. But, some banks found themselves in trouble last year, such as the Deutsche Bank which was involved in a tax evasion scandal. With the economy still going strong, the Federal Reserve has raised interest rates several times to make sure the economy doesn’t overheat and lead to more economic problems. This move has drawn criticism from President Trump who claims it's hurting the economy. Host Dan Loney speaks with Peter Conti Brown is an Assistant Professor of Business Studies and Legal Ethics at the Wharton school and Lisa Cook is an Associate Professor of Economics and International Relations at Michigan State University, to discuss what might be in store for the Fed and the banks in 2019 on Knowledge@Wharton.
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As the partial government shutdown continues, American farmers who were already impacted by the trade war with China are now facing even more complications. The billions of dollars bailout they were promised to make up for losses due to the trade war are on hold. The offices of the United States Department of Agriculture (USDA) are closed, creating a backlog of loan applications, among other things. Host Dan Loney talks with Steffen Schmidt, Endowed Professor of Political Science at Iowa State University and Joseph Outlaw, Professor, Extension Economist, and Co-Director of the Agricultural and Food Policy Center at Texas A&M University, to find out more about these shutdown repercussions on Knowledge@Wharton.
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A little over a week ago, Dr. Kevin Hassett, the Chairman of the Council of Economic Advisers, commented on the Penn Wharton Budget Model (PWBM) analysis of the Tax Cuts and Jobs Act. That's the legislation that began in 2018 to cut taxes on corporations and most Americans. Dr. Hassett, speaking before the American Economic Association, disputed many of the claims made by the PWBM. The PWBM’s assessment of the impact of the tax cut plan included a slight increase in GDP and an increase in the Federal Deficit. Host Dan Loney talks with Richard Prisinzano, Senior Economist with the PWBM, who also spent 13 years in the Office of Tax Analysis at the Treasury Department, and Kimberly Burham, Managing Director of Legislation and Special Projects with the PWBM, to respond to the Chairman's criticism on Knowlege@Wharton.
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Host Christian Terwiesch talks with Tanya Thompson, Director of Global Product Acquisition at Hasbro, and Archit Bhargava, Head of Global Product Marketing at Niantic Inc., about the future of playing games, both physical and virtual, on Work of Tomorrow.
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In 2016, U.S. intelligence found evidence of foreign attempts to hack into the country’s electric grid - one of the most crucial parts of American infrastructure. The perpetrators planted malware on online publications they knew utility employees read and emailed resumes with tainted attachments to get into secured systems. Last year U.S. officials publicly blamed Russia's government for this cyberattack, and is now looking at severe penalties against outside entities who try to breach our power system. Host Dan Loney talks with The Wall Street Journal’s energy reporterRebecca Smithabout how she pieced together the steps the Russians took to be able to do all of this in a new investigative piece on Knowledge@Wharton.
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The U.S. Food & Drug Administration (FDA), which oversees the approval of new drugs and oversees around 80 percent of our food supply, is among the agencies that are impacted by this partial US government shutdown. Last Wednesday, FDA commissioner, Dr. Scott Gottlieb announced routine inspections would be temporarily suspended as hundreds of agency inspectors have been furloughed. This raises the risk of contaminated food products turning up in stores, restaurants and other locations. So how worried should we be? Host Dan Loney is joined by Marion Nestle, Professor Emerita of Nutrition, Food Studies and Public Health at New York University as well as a Visiting Professor of Nutritional Sciences at Cornell University, and Craig Hedberg, Professor in the Division of Environmental Health Sciences at the University of Minnesota School of Public Health and co-director of the Minnesota Integrated Food Safety Center of Excellence, to discuss the implications of the shutdown and resulting food safety on Knowledge@Wharton.
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It’s day 24 of the partial government shutdown and so far there doesn’t appear to be an end in sight. Last week, dozens of aviation industry groups sent a letter to President Trump and congressional leaders yesterday urging an end to the partial government shutdown and stressing the harm it's doing to their industry. Transportation Security Officers (TSA), border protection agents, and air traffic controllers have been forced to work without pay, new planes and new air routes have been sidelined. TSA workers have been calling in sick, and unions report all air traffic controller training has been suspended. Host Dan Loney talks with Roger W. Clark, Founding Member and Managing Partner of The Clark Law Group, Dr. Clinton Oster, Professor Emeritus at Indiana University’s School of Public and Environmental Affairs, and Jeffrey Price, Professor in the Department of Aviation and Aerospace Science at Metropolitan State University, to discuss more about these complications and how they have affected the consumers on Knowledge@Wharton.
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The partial US government shutdown has started to impact one aspect of Wall Street – the IPO market. The Securities and Exchange Commission has been partially closed, which means that companies planning to list shares on the stock market this month have to delay their plans. Host Dan Loney talks with David Zaring, Assistant Professor of Legal Studies and Business Ethics at the Wharton school, and James Cox, a Law Professor who specializes in corporate and securities law at Duke University, on Knowledge@Wharton.
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