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Financial Times

In a letter to the Financial Times, graduate student Daniel Aronoff makes the case that the demise of local banks in the U.S. should be examined and regulatory changes should be made to enable them to operate more profitably. “A system that can make small loans to small entrepreneurs not only helps the borrowers, but also promotes a more efficient allocation of resources in the economy," Aronoff writes. 

GBH

Prof. Jonathan Gruber speaks with GBH co-hosts Jim Braude and Margery Eagan about the cause and future of inflation in the United States. “I think that inflation is going to come down because I think people are going to start to run out of this extra money they have been spending, but I don’t think it’s going to come down in the near future anywhere toward the levels it was in the 2000s” says Gruber.

Forbes

Forbes contributor Adi Gaskell writes that a new study by MIT researchers finds increased investment in robotics and automation-based technologies as populations age. Gaskell notes that: “the data shows a strong relationship between the age of the workforce, which was defined as the ratio of workers aged over 56 and those aged between 21 and 55, and the adoption of robotics in 60 different countries.”

The Wall Street Journal

A new working paper co-authored by MIT researchers shows how the transition to remote schooling during the Covid-19 pandemic impacted student achievement, in particular for low-income and minority children, writes The Wall Street Journal Editorial Board. The researchers found “the share of students who scored ‘proficient’ or above declined in spring 2021 compared to previous years by an average of 14.2 percentage points in math and 6.3 percentage points in language arts.”

Gizmodo

Gizmodo reporter Shoshana Wodinsky spotlights a new study by MIT researchers that finds videos are not likely to sway public political opinion more than their textual counterparts. “It’s possible that as you’re scrolling through your newsfeed, video captures your attention more than text would,” says Prof. David Rand. “You might be more likely to look at it. This doesn’t mean that the video is inherently more persuasive than text – just that it has the potential to reach a wider audience.”

Forbes

Forbes reporter Derek Newton spotlights Nwanacho Nwana '20, co-founder of education startup Valfee, a communications program aimed at engaging students with public speaking skills. “We truly believe that feedback-based learning is optimal for long term growth, and that the future of student learning is gamified,” Nwana tells Newton.

University World News

Prof. M Amah Edoh is offering a new course on OpenCourseWare examining reparations for slavery and colonization and “will invite the participation of activists and members of the global public,” reports Sharon Dell for University World News.  Edoh explains that the course is aimed at “bringing the world into the classroom but also opening the classroom into the world.”

The Washington Post

MIT Prof. M. Taylor Fravel and University of Pennsylvania Prof. Fiona Cunningham explores what China’s investment in its nuclear arsenal means for U.S. – China relations in a piece for The Washington Post. “Two shifts in China’s nuclear thinking may be happening. First, Chinese leaders believe that they now need to threaten the United States with greater nuclear damage to deter a U.S. nuclear first-strike: a handful of warheads is no longer enough,” they write. “Second, China’s leaders may be finding Beijing’s promises not to engage in a nuclear arms race increasingly difficult to fulfill — or less of a priority than deterring U.S. nuclear use with more confidence.”

Times Higher Education

Times Higher Ed reporter Rosa Ellis writes that MIT took second place in the World University Rankings 2022 for arts and humanities. Agustín Rayo, interim dean of SHASS, and Hashim Sarkis, dean of SA+P, write that the humanities, “have an essential research role in problem-solving major civilisational issues” and they also “reliably contribute to well-being and a well-lived life.”

Times Higher Education

Writing for Times Higher Ed, Agustín Rayo, interim dean of MIT’s School of Humanities, Arts and Social Sciences, and Hashim Sarkis, dean of the School of Architecture and Planning, underscore the importance of the arts, humanities, and design fields as “an essential part of an MIT education, critical to the Institute’s capacity for innovation and vital to its mission to make a better world." They add that "the MIT mission is to serve humankind, and the arts and humanities are essential resources for knowledge and understanding of the human condition.”

NPR

Greg Rosalsky of NPR’s Planet Money spotlights a new study co-authored by Prof. David Autor that examines the impact of the China Shock on Americans working in the manufacturing industry. Rosalsky notes that the research by Autor and his colleagues on the China Shock demonstrates what happens “when a bomb explodes on a community's main industry. The community doesn't just bounce back. Workers don't just shift to new sectors or move to new places. The social fabric of the community gets ripped apart. Destitution, squalor and depression set in.”

Forbes

Forbes contributor Bruce Y. Lee writes that MIT researchers have found that lack of sleep can affect a person’s gait and that catching up on sleep can improve gait control for those who are chronically sleep deprived. Lee writes that the findings demonstrate how, “lack of sleep may affect your ability to move your body and navigate in subtle ways.”

GBH

Prof. Jon Gruber speaks with Jared Bowen and Jim Braude of GBH about his colleague and former thesis advisor Prof. Joshua Angrist, who recently was awarded a Nobel Prize in Economics. “I don’t think I’ve ever been more excited over someone’s professional accomplishment as I’ve been for Josh to win this award. It’s just incredibly exciting,” says Gruber.

The Economist

Prof. Joshua Angrist, one of the winners of the 2021 Nobel Prize in Economics, speaks with Rachana Shanbhogue of The Economist’s Money Talks podcast about the evolution of his research and how his work has helped bring the field of economics closer to real life. “I like to tell graduate students that a good scholar is like a good hitter in baseball,” says Angrist of his advice for economics students. “You get on base about a third of the time you’re doing pretty well, which means you strike out most of the time.”

Times Higher Education

Times Higher Ed reporter writes that Rebecca Blank PhD ’83 will be the next president, and first female president, of Northwestern University. Blank said of the Nobel Prize in Economics awarded to Prof. Joshua Angrist and his colleagues: “They’ve taken on issues that are real-world problems, and told us something about them. That’s exactly what universities should be good at doing.”