Boston Globe reporter Kara Miller spotlights Prof. Basima Tewfik and her work studying imposter phenomenon. Tewfik has found that imposter phenomenon, “may make you better at interacting with other people, which, in turn, could make you more effective at your job — an outcome that has never before been identified," writes Miller.
Ella Peinovich ’12 co-founded Powered by People, a wholesale e-commerce platform based in Kenya that connects small brands to global markets, reports Annie Njanja for TechCrunch. “We are providing these businesses with new visibility into the specialty retail market in North America,” says Peinovich.
Daleep Singh, an MIT alumnus and the United States Deputy National Security Advisor for International Economics, speaks with CBS journalist Sharyn Alfonsi about the economic sanctions being used to combat Russia’s attack on Ukraine. “In this century, our view is power is much more closely tied to your economic strength, technological sophistication, and your story,” says Singh.
Zero-knowledge proof (ZKP), a cryptographic method invented by three MIT researchers in 1985, enables authentication of private information without revealing information that could be compromised, reports Victor Shilo for Forbes. “ZKP has the potential to protect privacy in a wide range of cases,” writes Shilo. “By implementing ZKP, businesses and society can evolve to ‘open data 2.0’ where daily transactions are completed in today’s digital economy but without disclosing unnecessary sensitive information.”
A new study by Prof. David Autor examining the effectiveness of the Paycheck Protection Program found that the program ended up subsidizing business owners and shareholders more than workers, reports Stacy Cowley for The New York Times. “Jobs and businesses are two separate things,” says Autor. “We tried to figure out, ‘Where did the money go?’ — and it turns out it didn’t primarily go to workers who would have lost jobs. It went to business owners and their shareholders and their creditors.”
The driverless car industry lacks a clear business model in comparison to its competitors, reports Patrick McGee for Financial Times. “Driverless does not mean humanless,” says research scientist Ashley Nunes. “Robotaxis replace one set of human costs, the human driver, with another, inefficiency.”
Jin Stedge ’13 cofounded TrueNorth, a trucking company aimed at putting truckers in charge of their own companies, reports Igor Bosilkovski for Forbes. “We give truckers a single place to manage their whole business, and that’s everything from finding and booking loads, sending updates to customers, tracking applications, all in one place and charging one clean fee instead of ten different fees,” says Stedge.
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.
NPR reporter David Gura spotlights U.S. Securities and Exchange Commission Chair Gary Gensler as he takes a new approach to his role as head of the SEC. After teaching a cryptocurrency course at MIT and serving as the chair of the Commodity Futures Trading Commission under President Obama, Gensler has “promised he’ll unveil new rules across the board as part of an ambitious agenda, from cryptocurrencies to new disclosure rules,” says Gura.
Lecturer Malia Lazu writes for Banker & Tradesman about the future of the Boston business community as Mayor Michelle Wu takes office. “At the end of the day, Mayor Wu’s priorities are not that different from those of the business community: transportation infrastructure that brings people to job centers, stronger schools that create pathways to jobs, climate resiliency that keeps city infrastructure stable in the future, affordable housing and a diverse workforce, among others,” writes Lazu.
Bloomberg reporter Benjamin Bain writes that Prof. Gary Gensler has been confirmed as the new head of the Securities and Exchange Commission. Bain writes that Gensler is “poised to confront everything from the fallout of the GameStop Corp. trading frenzy to the deluge of special purpose acquisition companies and the collapse of Archegos Capital Management.”
Prof. Gary Gensler has been approved to lead the Securities and Exchange Commission, reports Marcy Gordon for the AP. The appointment signals “an emphasis on investor protection for the Wall Street watchdog agency after a deregulatory stretch during the Trump administration,” writes Gordon.
Bloomberg reporters Benjamin Bain, Jennifer Epstein and Robert Schmidt spotlight the work Prof. Gary Gensler, who has been nominated as the next chair of the Securities and Exchange Commission. Gensler “not only knows how to mobilize a bureaucratic federal agency but also understands the often impenetrable ways that Wall Street makes money -- and how firms use that complexity to turn regulation in their favor.”
President-elect Joe Biden has selected Prof. Gary Gensler to serve as the next chair of the Securities and Exchange Commission, reports Marcy Gordon and Zeke Miller for the AP. Gensler “was an assistant Treasury secretary in the Clinton administration and later headed the CFTC during Barack Obama’s term. With a background of having worked for nearly 20 years at Wall Street powerhouse Goldman Sachs, Gensler surprised many by being a tough regulator of big banks as CFTC chairman.”
NBC News reporter Martha White writes that Prof. Gary Gensler has been selected as President-elect Joe Biden’s nominee to lead the Securities and Exchange Commission. “Gensler is a terrific choice to head the agency," said Barbara Roper, director of investor protection at the Consumer Federation of America. "He’s as knowledgeable about the markets as anyone on Wall Street, so he can’t be intimidated. He’s a seasoned regulator who knows how to get things done.”