PHILADELPHIA, Pennsylvania, Nov. 9 (TNSLrpt) -- The Federal Reserve Bank of Philadelphia's Consumer Finance Institute issued a working paper in November 2025 entitled "Aging and Housing Returns." Here are excerpts: * * * These patterns suggest that older sellers may be disproportionately disadvantaged by agents' incentive to maximize fees through generating high sales volume instead of maximizing sale prices. Age-related cognitive decline makes the elderly more vulnerable. For causal eviden  more

PHILADELPHIA, Pennsylvania, Nov. 9 (TNSLrpt) -- The Federal Reserve Bank of Philadelphia's Consumer Finance Institute issued a discussion paper in Novemebr 2025 entitled "Combining AI and Established Methods for Historical Document Analysis." Here are excerpts: * * * This paper describes methodological approaches for extracting structured data from large-scale historical document archives, comparing "hyperspecialized" with "adaptive modular" strategies using 56 years of Philadelphia property   more

PHILADELPHIA, Pennsylvania, Nov. 9 (TNSLrpt) -- The Federal Reserve Bank of Philadelphia's Consumer Finance Institute issued a brief in November 2025 entitled "Evidence of Diverging Spending Behavior by Income." Here are excerpts: * * * It has been suggested that the relatively strong growth in aggregate consumer spending is driven primarily by high-income, high-asset consumers, while spending growth among consumers with lower incomes has been relatively modest. Using survey data collected in  more

PHILADELPHIA, Pennsylvania, Nov. 9 (TNSLrpt) -- The Federal Reserve Bank of Philadelphia's Consumer Finance Institute issued a speech in November 2025 entitled "Staying Ahead of the Curve: Twenty-Five Years of Consumer Finance Excellence." Here are excerpts: * * * This year holds special significance because we are celebrating 25 years of the Consumer Finance Institute's leadership in consumer credit and payments research. I'm going to brag a little bit about the Consumer Finance Institute an  more

PHILADELPHIA, Pennsylvania, Nov. 8 -- The University of Pennsylvania issued the following news on Nov. 7, 2025: * * * Penn receives naming gift for new Student Performing Arts Center A landmark gift from Julie Beren Platt and Marc E. Platt will name the Platt Student Performing Arts Center, which will provide 38,700 square feet of dynamic, flexible space for student performances and rehearsals. * Penn Live Arts at the University of Pennsylvania today announced a visionary gift from Julie Be  more

UNIVERSITY PARK, Pennsylvania, Nov. 8 -- Pennsylvania State University posted the following news: * * * Penn State trustees November recap: Board approves new strategic plan * UNIVERSITY PARK, Pa. Penn State's Board of Trustees approved the University's new strategic plan, authorized several capital projects and elected new officers, among other actions, during its meetings Nov. 6-7 at the University Park campus. Developed through a collaborative process that began in 2023, Penn State's ne  more

CRANBERRY TOWNSHIP, Pennsylvania, Nov. 8 [Category: BizEnergy] -- Westinghouse Electric issued the following news release: * * * Westinghouse and Hungary Establish Landmark Nuclear Fuel Partnership * First Contract Signed with MVM Group to Deliver VVER-440 Fuel to Paks Nuclear Power Plant Westinghouse Electric Company and MVM Group signed a contract to ensure diversification of fuel supply in Hungary. This partnership brings to Paks Nuclear Power Plant (NPP) reliable supply with Westinghous  more