Mario Draghj PhD ’76 has been named the new Italian prime minister, reports Giovanni Legorano and Marcus Walker for The Wall Street Journal. “His obsession with the importance of education is rooted in his personal experience. His studies paid off for the next 40 years,” said Mario Baldassarri PhD ‘77, a fellow MIT alumnus.
AP reporter Matthew Lee memorializes the life and work of George Shultz PhD ’49, “a titan of American academia, business and diplomacy who spent most of the 1980s trying to improve Cold War relations with the Soviet Union and forging a course for peace in the Middle East.”
George Shultz, an MIT alumnus and former professor of economics who served as a counsel and Cabinet member for two presidents, has died at age 100, reports Michael Abramowitz and David E. Hoffman for The Washington Post. “Mr. Shultz was a policy maven, conservative but curious, patient and determined. He ranged widely over domestic and foreign affairs,” they write.
Boston Globe reporter Mark Feenery writes that George Shultz PhD ’49, who held top positions under President Nixon and was secretary of state for President Regan, “was regarded as a model of managerial dependability: pragmatic, low key, unflappable.”
George Shultz PhD ’49, known for serving as President Regan’s secretary of state has died at 100, reports Malcolm Rutherford and Aime Williams for the Financial Times. Rutherford and Williams note that during Shultz’s tenure as secretary of state, “there were achievements in arms control, in reducing regional conflicts and in placing human rights on the US-Soviet agenda.”
George Schultz PhD ‘49, the former secretary of state under President Regan and an MIT alumnus, has died at 100, reports Michael R. Gordon for The Wall Street Journal. Gordon notes that Schultz’s “diplomacy helped seal the end of the Cold War,” adding that he “remained an active voice on national security, economic and environmental issues after leaving government.”
In an opinion piece for The Los Angeles Times, Institute Professor Phillip Sharp, Ellen Sigal of the Friends of Cancer Research and Sherry Lansing of the Sherry Lansing Foundation underscore the importance of selecting an effective leader for the FDA. “In order to restore trust in the FDA, and restore morale within, a permanent leader with expansive experience, medical expertise and the confidence of agency staff and the American public needs to be nominated in short order,” they write.
Mario Draghi PhD ’76 has been invited to form a new government by Italian President Sergio Mattarella, writes Colleen Barry and David McHugh for the AP. Draghi, the former European Central Bank chief, “is credited with helping to save the euro has now been tapped to lead Italy, the eurozone’s third-largest economy, out of the pandemic and the worst recession since World War II.”
Writing for the New York Daily News, Prof. Sandy Alexandre underscores the importance of having a role for the humanities in the White House. “Ultimately, presidents who are vocal about believing in science — the power of facts — should also be vocal about their belief in and support of the humanities — the power of history, language, the imagination, critical thinking and hope,” writes Alexandre.
The Economist highlights research by Prof. Daron Acemoglu that finds “networks of influential individuals seem also to have contributed to Italy’s descent into fascism” after WWI.
Prof. Daron Acemoglu speaks with Greg Rosalsky of NPR’s Planet Money about his book, “Why Nations Fail,” whether the attack on the U.S. Capitol signals difficulties for U.S. institutions, and how politicians can create more shared prosperity through a “good jobs” agenda. "We are still at a point where we can reverse things," Acemoglu says. "But I think if we paper over these issues, we will most likely see a huge deterioration in institutions. And it can happen very rapidly."
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.”
Prof. Gary Gensler will be the Biden administration’s pick to lead the Securities and Exchange Commission, reports Matthew Goldstein, Lauren Hirsch and Andrew Ross Sorkin for The New York Times. “Mr. Gensler is a veteran regulator who played a central role in bringing the big banks to heel in the aftermath of the 2008 financial crisis, giving new teeth to a watchdog agency.”