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WXII-TV (Winston Salem, NC)
A penny for your thoughts: Professor weighs in on the end of the penny
"When they stop minting new ones, there will still be a lot around," said economics professor Robert Whaples. "There's about seven dollars worth of pennies per American. The main impact for us will be — it will save us time. Because if you are fishing for change, it's a lot easier to use nickels, dimes and quarters. So, it will save us a second of our time here or there."
May 28, 2025
The Guardian
They sued after their medical devices failed. But bankruptcy moves could mean they get nothing
Law professor Samir Parikh, who specializes in bankruptcy, said loans like this were commonly seen in private equity bankruptcy proceedings. “It’s frustrating,” he said. It is “somewhat palatable” for a variety of industries to adopt such business practices, “but in healthcare, it’s just not right." When investors take on life and death responsibilities, “it’s no longer acceptable to just say, ‘oh, sorry, this entity is now bankrupt.’”
May 27, 2025
The Journal of Blacks in Higher Education
Winston-Salem State University sends record number of students to graduate school in mathematics
Winston-Salem State University in North Carolina is celebrating a new milestone in student achievement. Among this year’s graduating class, 11 students have committed to pursue advanced degrees in mathematical and statistical sciences – the most in the HBCU’s history. Graduate school destinations for the student cohort include Duke University in Durham and Wake Forest University in Winston-Salem.
May 23, 2025
Consumer Affairs
The US is saying goodbye to the penny
"In 2006, Robert Whaples, professor of economics at Wake Forest University and an expert on the history of the U.S. economy, presented his findings at the John Locke Foundation, a nonprofit, nonpartisan think tank. "It's time to eliminate the penny," said Whaples, who estimated that the United States loses roughly $900 million a year on penny production and handling."
May 23, 2025
Harvard Business Review
One simple way to get better at reading data
Statistics professor Lucy D’Agostino McGowan and business analytics professor Jeffrey Camm write: "As we've evolved from analytics to data science to AI, the world has never been more data-driven. We believe it is always a good idea to question the data. When percentages are used, it is imperative that important information is not masked by the statistics. Ask for percentages and absolutes to both be discussed. Clarity comes by asking, “What’s the denominator?” If you want to know how effective something is, it needs to be in the denominator.
May 23, 2025
Character & Context Blog for The Society for Personality and Social Psychology
"Stressful situations are complicated and often just plain hard. It doesn’t mean that people should ignore the negative, or act like things are fine when they are not. But it does mean that, even in the middle of stress, uncertainty and loss, there may be glimmers of good. When people take the time to notice and reflect on those bright spots, they may feel a little better just when they need it most," writes psychology professor Christian Waugh.
May 23, 2025
The Bookseller
Still here, still queer… but getting squeezed out
A recent study from economics professors, Tin Cheuk Leung and Koleman S. Strumpf, argued that LGBTQ+ authors are paid less than straight authors, even when they sell more books, according to examined advances and royalty payments from the US “Big Five” publishers.
May 23, 2025
APM Marketplace
Why it makes sense to get rid of the penny
Economics professor Robert Whaples analyzed transaction data from a convenience store chain located in multiple states, including Alabama, Georgia and Virginia. "If you took into account taxes and transactions involving multiple purchases, and then rounded to the nearest nickel, you would have to round down just as much as you round up," Whaples said.
May 22, 2025
Money
Trump’s coin toss: What’s going to happen when the U.S. scraps pennies?
In most places that have eliminated small-denomination coins, cash transactions are rounded to the nearest 5-cent increment. (Cashless transactions are still calculated to the cent.) Some people in favor of keeping pennies argue that consumers would lose out because all of the prices that currently end in nine would be rounded up by a penny. A 2007 study dispelled that concern. Economics professor Robert Whaples found that the odds of rounding up or rounding down are about as even as, well, a coin toss.
May 22, 2025
Winston-Salem Chronicle
Nearly 4,000 graduating from WS/FCS this week
Those attending graduation ceremonies at the LJVM Coliseum or Fairgrounds Arena will likely encounter heavier traffic than normal, road closures and rerouting. The City of Winston-Salem and Wake Forest University are constructing new buildings and demolishing old ones along Deacon Boulevard for the development of “The Grounds,” a 100-acre mixed-use development.
May 22, 2025
Yahoo
Germany’s Friedrich Merz will have a hard time freeing the country from its self-imposed shackles
"Chancellor Merz’s plans to revitalize Germany’s military and infrastructure could be seriously undermined by domestic forces – both within and outside of his coalition. It runs up against long-standing German norms and ideologies that threaten to hamper the state’s capacity and the government’s ability to act decisively," writes politics and international affairs professor Mark Vail. This article was originally published in The Conversation.
May 20, 2025
Winston-Salem Journal
Journalist Scott Pelley urges Wake Forest graduates to protect democracy and freedom of expression
CBS journalist Scott Pelley urged more than 2,000 graduates to protect democracy and freedom of expression in the United States. “I’m a reporter, so I won’t bury the lead,” Pelley said. “Your country needs you.” Pelley delivered the commencement speech at the University’s graduation ceremony on Hearn Plaza. He has worked as a reporter for “60 Minutes” for more than 20 years.
May 20, 2025