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Wharton Business Daily
US Tax Changes 2019: A Look Ahead
We're featuring a series this month called “2019: A Look Ahead” and continue with a look at impending changes to US tax law and policy. The Tax Cuts and Jobs Act went into effect in 2018 and the majority of us will feel its impact when we file our taxes in the coming weeks or months. However it's already left a mark on the federal budget deficit. Although the Trump administration said the tax plan would "pay for itself," that has not happened, instead the deficit went up by 17 percent from the year before. The small boost it gave to the economy may be a temporary effect. In the meantime, the IRS is dealing with the partial government shutdown and it's unclear whether tax refunds will be sent out on time, even though the deadline to file remains the same. Host Dan Loney is joined by Michael Knoll, Co-Director of the Center for Tax Law and Policy as well as Law Professor at the Univ. of Pennsylvania Law School, and Daniel Hemel, Assistant Professor at the University of Chicago Law School, to discuss how these tax policies might play out in 2019.
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How Big Data and AI Are Transforming Modern Sports
08:00|Cade Massey, Practice Professor in the Operations, Information and Decisions Department at the Wharton School and host of the Wharton Moneyball podcast, discusses the growing influence of big data and artificial intelligence in sports—from game-day strategies to injury prevention and referee evaluation.Navigating Tariff Turbulence: How Private Equity Firms Are Adapting
08:00|Burcu Esmer, Senior Lecturer of Finance and Academic Director of the Harris Family Alternative Investments Program at the Wharton School, explores how ongoing tariff fluctuations and economic unpredictability are prompting private equity firms to slow deal activity, reassess portfolio risks, and reconfigure supply chains.How Audit Rates and Policy Shifts Impact IRS Effectiveness
08:00|Ben Sprung-Keyser, Wharton Assistant Professor of Business Economics and Public Policy, explains his research on how the IRS can maximize revenue through audits—highlighting that audits of high-income taxpayers yield significantly greater returns and have long-term behavioral impacts that may inform smarter tax policy.Navigating Genetic Data Privacy in the Wake of 23andMe’s Bankruptcy
07:59|Gideon Nave, Wharton Associate Professor of Marketing, explores the complex intersection of personal autonomy, informed consent, and societal benefit as 23andMe's bankruptcy raises urgent questions about the fate and control of sensitive genetic information.Why Today’s College Grads Face a Tougher Hiring Climate
07:55|Matthew Bidwell, Wharton Professor of Management, discusses the current challenges facing college graduates entering the workforce, highlighting hiring slowdowns, economic uncertainty, and how young professionals can position themselves for long-term success despite a difficult start.The Urgent Need to Reinvent Air Traffic Control and Safety
08:00|Gad Allon, Wharton Professor of Operations, Information and Decisions, examines the long-term neglect in U.S. aviation infrastructure—from outdated technology to severe air traffic controller shortages—and calls for a strategic overhaul to ensure safety and reliability in air travel.Marketing, Media, and the Future of Women’s Professional Sports
08:00|Eric Bradlow, Wharton Marketing Professor and Chair of the department, explores the financial future of women’s professional sports, emphasizing how WNBA players can enhance their total earning potential through personal branding, media exposure, and marketing opportunities beyond traditional league salaries.How Policy Shifts Fuel Wall Street’s Rollercoaster
08:00|Itay Goldstein, Wharton Professor of Finance and Economics, discusses how the Trump administration’s tariff announcements and debates over Federal Reserve independence have introduced uncertainty into financial markets, driving volatility and investor anxiety.The Trade War Playbook: Tariffs, Uncertainty, and U.S. Economic Policy
08:00|Joao Gomes, Professor of Finance and Senior Vice Dean of Research at the Wharton School, offers an in-depth analysis of the Trump administration’s tariff approach, its theoretical justifications, and the real-world consequences for trade, business strategy, and global economic stability.