The 2022 Nobel Prize in economic sciences was awarded in part to Ben S. Bernanke PhD ’79 for his research showing that “bank failures can propagate a financial crisis rather than simply be a result of the crisis,” reports Jeanna Smialek for The New York Times. When asked about his advice for younger economists, Bernanke noted “one of the lessons of my life is, you never know what is going to happen.”
Ben S. Bernanke PhD ’79 has been honored as one of the recipients of this year’s Sveriges Riksbank Prize in Economic Sciences, reports the Associated Press. Bernanke was recognized for his work examining the Great Depression and “showing the danger of bank runs — when panicked people withdraw their savings — and how bank collapses led to widespread economic devastation,” notes the AP.
Researchers from MIT and the University of Southern California are “using large-scale mobility data to follow people's eating behaviors throughout the day, to understand how food choice is influenced by what’s accessible, available, and affordable,” reports Mike Branom for Daily Beast.
Ben Bernanke PhD ’79, former chair of the Federal Reserve, has been awarded the 2022 Nobel Prize in economic sciences, reports Allison Morrow for CNN. Bernanke “received the award for his research on the Great Depression,” says Morrow. “In short, his work demonstrates that banks’ failures are often a cause, not merely a consequence, of financial crises.”
Cybersecurity at MIT Sloan has launched a cyberattack prevention course for business leaders, reports Sydney Lake for Fortune. “Board members must be knowledgeable participants in cyber leadership,” says Keri Pearlson, executive director of Cybersecurity at MIT Sloan. “Board members need a set of frameworks, a language, some examples, and actionable insights so they have an independent way to interpret and understand what their organization is doing to be cybersecure.”
Ben Bernanke PhD ’79 has won a share of the 2022 Sveriges Riksbank Prize in Economic Sciences for his research on banks and financial crises, reports Micahel T. Nietzel for Forbes. Bernanke and his fellow winners are credited with significantly improving “our understanding of the role of banks in the economy, particularly during financial crises,” says The Royal Swedish Academy of Sciences.
Prof. Christopher Knittel speaks with Wall Street Journal reporter Andrew Duehren about how European governments are beginning to experiment with new ways to control energy prices.“Especially with the European energy-market policy interventions, what policy makers do not want to do is exacerbate these problems with their policies, and my fear is that is what these proposals would do,” says Knittel.
Washington Post reporter Pranshu Verma spotlights Prof. Kevin Chen’s research creating flying lightning bug robots that could be used to pollinate crops in vertical farms or even in space. “If we think about the insect functions that animals can’t do,” says Chen, “that inspires us to think about what smaller, insect-scale robots can do, that larger robots cannot.”
Chancellor Melissa Nobles spoke at the launch of the Burnham-Nobles Digital Archive, a digital resource co-authored by Nobles and Northeastern Prof. Margaret Burnham aimed at identifying and documenting anti-Black killings in the mid-century South, reports Jessica Taylor Price for News @ Northeastern. “The archive seeks to right an egregious wrong in American history – the mass coverup of cases of lynching during the Jim Crow era," writes Price.
Prof. Jessika Trancik speaks with Science Friday host Ira Flatow about the future of electric vehicles. “I think there is a lot happening in this space both coming from the private sector and then also from these government incentives coming in to accelerate that process,” says Trancik.
NPR’s Miles Parks spotlights Prof. Charles Stewart III’s research showing that hand counting ballots is “significantly less accurate, more expensive and more time-consuming than using tabulation equipment.” Stewart noted "Computers — which ballot scanners rely on — are very good at tedious, repetitive tasks. Humans are bad at them. Counting votes is tedious and repetitive.”
David Moinina Sengeh MS ’12, PhD ’15 speaks with Ted Radio Hour host Manoush Zomorodi about his research in developing a more comfortable socket for prostheses. Sengeh “pioneered a new system for creating prosthetic sockets, which fit a prosthetic leg onto a patient's residual limb,” writes NPR.
MIT and Delta airlines are developing a plan to eliminate persistent contrails, reports Susan Tran for NBC Boston 10. “A possible solution here is to get rid of these clouds flying at different altitudes,” says Tran. “They [researchers] say that up to 90 percent of all contrails could be avoided by flying at different heights.”
Researchers from MIT and Harvard Medical School have conducted a study to see how exercise and high-fat diets can impact cells, reports WCVB. The researchers “say the data could eventually be used to develop drugs that could help enhance or mimic the benefits of exercise,” writes WCVB.
MIT researchers have found that the number of species and the average interaction strength determine whether different ecosystems would be stable or chaotic, reports Gabriel Popkin for Science. The researchers “grew microbes together in plastic wells and increase and decrease the concentration of nutrients to manipulate how strongly the different species interacted with each other,” explains Popkin. “The more nutrients, the more the different species competed.”