July 21, 2019
Writing for Astronomy, Korey Haynes spotlights Elaine Denniston, who was hired as a keypuncher at the MIT Instrumentation Lab, but went above and beyond, reviewing the Apollo code for errors. Denniston, who went on to become a lawyer, says that she “didn’t realize then that what I did was anything special. I typed, I found errors, I nagged people.”
Writing for the Financial Times, graduate student Daniel Aronoff examines the impact of the FedNow banking service, which aims to process and settle individual payments within seconds. FedNow will have a “revolutionary impact on the banking industry and monetary policy,” writes Aronoff. “When depositors are able to move funds costlessly and instantaneously between accounts, it will become feasible to arbitrage between banks in real time.”
A working paper by Prof. Christopher Knittel finds that even “modest” carbon taxes could help reduce carbon emissions as much as vehicle and power plant regulations, reports Ben Geman for Axios. Knittel explains that the study’s findings “underscore the economic power of a carbon tax" compared to "economically inefficient" regulations.
ELLE reporter Molly Langmuir spotlights the work of Prof. Neri Oxman, who is known for “producing radically interdisciplinary work.” Oxman has produced everything from “a silk pavilion—a suspended dome of silk fibers spun by a robotic arm, completed by 6,500 live silkworms—to a design concept for a wearable digestive system incorporating photosynthetic bacteria that convert solar energy into sugar.”
MIT alumna Payal Kadakia speaks with New York Times reporter David Gelles about her startup ClassPass, a platform that allows users to access a myriad of fitness classes. Kadakia explains that she was inspired to attend MIT, as “the curriculum is so mathematical. Everything is numbers. It was this idea of this world that I lived in.”
WGBH reporter Cristina Quinn visits MIT to learn about a new ethics of AI workshop offered to middle school-aged children this summer. “I don't want the ethics piece to go to an elite few,” says graduate research assistant Blakeley H. Payne of the importance of offering an education in AI ethics. “And then you're just perpetuating these systems of inequality over and over again.”