Writing for the Financial Times, Prof. Robert Pindyck makes the case that households, private businesses and governments must "invest in adaptation to climate change, in order to counter its possible impact.” Pindyck writes, “Now is the time to put more effort into efficient CO₂ emission reduction, and invest in adaptation to limit the impacts of climate change.”
A new study co-authored by MIT scientists finds that the Department of Justice’s China Initiative may have caused researchers of Chinese descent to leave the U.S. for China, reports Ryan Quinn for Inside Higher Ed. The study authors found that researchers of Chinese descent had “general feelings of fear and anxiety that lead them to consider leaving the United States and/or stop applying for federal grants. If the situation is not corrected, American science will likely suffer the loss of scientific talent to China and other countries.”
In a letter to the editor of The Washington Post, MIT President Emeritus L. Rafael Reif and Ezekiel J. Emanuel, vice provost of global initiatives at the University of Pennsylvania, emphasize the importance of ensuring international graduate students can stay and work in the U.S. after graduation. “International graduate students are one of the 21st century’s most valuable resources,” they write. “It is time for the United States to start treating them that way.”
Researchers at MIT and elsewhere have published a study on why voters who value democracy participate in democratic backsliding, reports Jason Willick for The Washington Post. The authors have identified “a strong linear relationship between perceptions of the other side’s willingness to subvert democracy and partisans’ own willingness to do so,” writes Willick.
Neil Thompson, director of the FutureTech research project at MIT CSAIL and a principal investigator MIT’s Initiative on the Digital Economy, speaks with Politico reporter Mohar Chatterjee about generative AI, the pace of computer progress and the need for the U.S. to invest more in developing the future of computing. “We need to make sure we have good secure factories that can produce cutting-edge semiconductors,” says Thompson. “The CHIPS Act covers that. And people are starting to invest in some of these post-CMOS technologies — but it just needs to be much more. These are incredibly important technologies.”
Institute Prof. Daron Acemoglu and Prof. Aleksander Mądry join GBH’s Greater Boston to explore how AI can be regulated and safely integrated into our lives. “With much of our society driven by informational spaces — in particular social media and online media in general — AI and, in particular, generative AI accelerates a lot of problems like misinformation, spam, spear phishing and blackmail,” Mądry explains. Acemoglu adds that he feels AI reforms should be approached “more broadly so that AI researchers actually work in using these technologies in human-friendly ways, trying to make humans more empowered and more productive.”
MIT researchers have found that “69 percent of registered voters said they were either very or somewhat confident that votes at a nationwide level were counted as intended,” reports Zach Montellaro for Politico. This research is a “prominent measure of voter trust in election integrity,” writes Montellaro.
A new working paper by Prof. Christian Wolf and his colleagues explores a “mechanism by which a government could run deficits and never have to pay them,” reports Peter Coy for The New York Times. The researchers found that “‘deficits contribute to their own financing via two channels.’ First, they can accelerate economic growth, which generates more tax revenue. Second, they can cause inflation to rise, which shrinks the effective cost of debt.
Steven Simon, a fellow with MIT’s Center for International Studies, and Jonathan Stevenson of the International Institute for Strategic Studies write for Politico about how the 2024 election could lead to political violence and civil breakdown. “Despite all that U.S. national security and law enforcement officials have learned since Jan. 6, the country is still not prepared for a far-right revolt,” write Simon and Stevenson.
Adjunct Professor Emeritus Melvin “Mel” King, a political activist, former MA state representative and the first Black person to reach a Boston mayoral general election, has died at 94. “[In 1971], he founded the Community Fellows Program at the Massachusetts Institute of Technology, where he became an adjunct professor of urban studies and planning. The program brings leaders from minority communities to MIT for a year of research and study,” writes Mark Feeney for The Boston Globe.
Prof. Simon Johnson writes for The Los Angeles Times about the Federal Reserve’s decision to raise interest rates despite the recent instability in the banking sector. “Increasing the deposit insurance cap and focusing on small-business transaction accounts could stabilize midsize banks, reduce more deposit transfers out of those institutions, and shore up confidence in the banking system,” writes Johnson.
Prof. Aleksander Mądry’s testimony before a House subcommittee was highlighted by Politico fellow Mohar Chatterjee in a recent newsletter exploring how large tech companies are dominating how generative AI technologies are developed and utilized. During his testimony, Mądry emphasized that “very few players will be able to compete, given the highly specialized skills and enormous capital investments the building of such systems requires.”
Prof. Simon Johnson writes for The Los Angeles Times about the impact of government support during a financial crisis. “The immediate banking crisis may have been tempered, but it isn’t over,” writes Johnson. “As concerns about moral hazard rise again in Europe, will European regulators succumb to the temptation to make an example of some bank or other? One thing is certain: What they do will have global consequences, including for the U.S., and we will need to be prepared for them.”
Prof. Gang Chen speaks with Times Higher Education reporter Pola Lem about how “government interference has created an atmosphere of fear for foreign-born academics in the US.” Says Chen, “I don’t expect myself to go back to what I was before, but I’m also determined. I’m not going to be beaten in my science. I’m going to become stronger through this ordeal.” He adds, “I hope basic science can remain open.”
Writing for The Los Angeles Times, Prof. Simon Johnson outlines how regulation and supervision of the banking industry should be strengthened following the collapse of Silicon Valley Bank. “A well-regulated system is still the right goal,” writes Johnson. “The Federal Reserve needs to overhaul and improve its bank supervision — and to make that consistent with its macroeconomic policy for interest rates.”