Wake in the News
Major national and regional news organizations regularly interview Wake Forest faculty, staff, and students for their expertise and perspectives on current events, and to feature programs and activities on campus.
Reuters
Few mourn the US penny as Trump moves to kill it
A 2007 Wake Forest University study of a multi-state convenience store chain offered evidence that eliminating the penny would not create a rounding tax, and would not contribute to rising prices. “Losing the penny was just a wash for the consumer,” said Robert Whaples, professor at Wake Forest who authored the study. “It’s as much rounding up as it is down.” Whaples was quoted in dozens of news outlets nationwide and in Canada, including McClatchy newspapers, CNN Business, Forbes, The Washington Post, Politico, and Fortune. He was also featured in long-form videos for The Wall Street Journal and The CBC.
February 11, 2025
U.S. News and World Report
How will Trump’s tariffs affect homebuyers?
Builders will face significant financial pressure to pass the higher costs on to consumers, according to Pelin Pekgun, a Wake Forest business professor who studies supply chains and pricing. Pekgun said some homebuilders may feel they have to scale back or delay projects if critical materials become too expensive or scarce. That could result “in slower construction and fewer homes on the market. Limited supply could then push prices even higher, intensifying affordability challenges,” she said.
February 7, 2025
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