SEC names new chief economist
Jessica Wachter
Jessica Wachter has been appointed the Securities and Exchange Commission s chief economist and director of the division of economic and risk analysis, or DERA, the agency said Monday.
Ms. Wachter joins the SEC from the University of Pennsylvania s Wharton School where she has been a professor since 2003. I am honored to be joining the SEC and the dedicated experts within DERA, Ms. Wachter said in a news release. Sound economic and statistical analysis is critical to the SEC s mission, and I greatly look forward to working with the team to inform decision-making at the agency.
To revist this article, visit My Profile, then View saved stories.
Last week, Apple released iOS 14.5, and with it a new feature that sent online advertisers scrambling: For the first time, users can tell apps not to track their activity across different sites and services. In an attempt to dissuade them from doing so, the Facebook and Instagram iOS apps are admonishing users that tracking helps keep those platforms âfree of charge.â
This is technically true; Facebook is an advertising company that profits from showing ads that its users are more likely to click. But the iOS 14.5 notice also frames the issue in a way that implies Facebook can t make money if it foregoes this kind of tracking, or worse, that Appleâs App Tracking Transparency update may force the social network to start charging its users a fee. So itâs worth being absolutely clear: Neither of those is the case.
EXPARTUS MBA Admissions Consulting%%www.expartus.com%%
Students from top business schools gathered virtually last week to make a case for their marketing plans as part of the 2021 Clorox Case Competition.
As part of the competition, teams had to come up with plans for marketing Brita smart water filtering products to a target audience.
Out of the dozen teams that pitched marketing plans, the University of Pennsylvania’s Wharton School came away with the first prize of $5,000. Members of Wharton’s team will also be interviewed for full-time positions at Clorox.
The University of California, Berkeley’s Haas School of Business nabbed the $3,000 second-place prize while Cornell University’s SC Johnson College of Business took home $1,000 for third.
The proposal funds the programs by hiking taxes on the wealthiest Americans and closing certain loopholes. The plan raises the capital gains tax rate to 39.6% for households that make more than $1 million and closes the so-called step up in basis for gains of more than $1 million, or $2.5 million per married couple, minus certain real estate exemptions.
The White House said that the plan will include protections for owners of businesses and farms to shield them from what could be a significant tax hit if they want to pass the asset on to an heir, such as a child or sibling, upon their death.