Prof. Jonathan Parker and other researchers have found that Covid-19 relief payments have served as a form of insurance for families, reports Howard Schneider for Reuters. Although, “’the small short-term spending response and its pattern suggest that the (economic-impact payments) went to many people who did not need the additional funds,’” writes Schneider.
Prof. Emeritus Stuart Madnick and Keri Pearlson, executive director of Cybersecurity at MIT Sloan, write for The Wall Street Journal about the seven actions that corporate leaders can take to ensure that employees contribute to maintaining a secure organization. “New vulnerabilities emerge every day, as malicious cybersecurity actors find fresh ways to attack or infiltrate organizations. Technology can help, but it can only do so much,” write Madnick and Pearlson. “Just as important is a culture where all employees fill in the gaps—by noticing anomalies, questioning things that might look legitimate but are slightly off in some way, or stopping compromised processes that would otherwise proceed.”
Prof. Emeritus Stuart Madnick writes for The Wall Street Journal about the importance of transparency when companies are impacted by cyberattacks. “It has become clear that through laws and regulations, we need to increase the quantity, quality, and timeliness of cyberattack reporting,” writes Madnick. “Only by having more detailed information on who is getting attacked, how they are getting attacked and what is being stolen can everybody begin to arm themselves with the right defenses.”
Researchers from MIT are working with the Staten Island Performing Provider System to develop an algorithm that can predict who in the system is at risk for an opioid overdose, reports Maddie Bender for the Daily Beast. “In preliminary testing, Conte’s team and MIT Sloan researchers found their model was highly accurate at predicting overdoses and fatal overdoses, even with delays in the data of up to 180 days,” writes Bender.
Prof. Thomas Kochan writes for Fortune about how California’s new Fast Food Council can positively impact businesses, investors, employers, and workers. The council is “composed of industry, worker, and government representative to set minimum wage, safety, and employment and training standards for workers in large fast food chains and their franchises,” writes Kochan.
Writing for WBUR, Prof. Emeritus Thomas Kochan and Wilma Liebman, former chair of the National Labor Relations Board, explore the current rise in worker activism and how to rebalance the relationship between employees and management. “The challenge, as ever, is to translate successful organizing campaigns into successful negotiations, resulting in labor agreements that provide ongoing representation for workers,” they write.
Sloan Lecturer Bill Fischer writes for Forbes about the disruption possibilities in new and alternative dairy products, non-prescription hearing augmentation devices and electric vehicle technology. “Disruption is, at least in these three industries, alive and well and posing a considerable threat to formerly successful, incumbent market-leaders,” writes Fischer.
Prof. Ariel Furst, and alumna Claire Beskin and Loewen Cavill were named the winners of the first annual MIT Female Founders Pitch, reports Stephanie MacConnell for Forbes. Furst’s company, Pharmor, has developed an inexpensive protective coating that allows microbes to be produced and transported in non-ideal conditions. Beskin’s company, Empallo, uses machine learning to unlock information on siloed patient data. And Cavill’s company, AuraBlue, has developed a wearable device that can predict hot flashes and enable a cooling pad to counteract the change in body temperature in menopausal women.
Lita Nelsen BS ’64, MS ’66, MBA ’79 writes for The Boston Herald about the Bayh-Dole Act, a landmark piece of legislation that allows universities to keep the patents to their own inventions. “As the head of MIT’s Technology Licensing Office for almost three decades, I helped license thousands of technologies to the innovative companies that sprung up around campus,” writes Nelsen. “The Bayh-Dole Act has indisputably helped the U.S. life sciences sector become the envy of the world.”
Lecturer Malia Lazu writes for Banker & Tradesman about how the Massachusetts Bay Transportation Authority needs to reestablish its relationship with the state and its citizens. “Making a major investment in transportation should not be seen as social service and a waste of tax dollars, but as economy building,” writes Lazu.
Prof. Andrew Lo speaks with Forbes contributor Russell Flannery about his work using finance to help lower the cost of drug development for cancer treatment and therapies. “I started thinking about how we could use finance pro-actively to lower the cost of drug development, increase success rates, and make it more attractive for investors,” says Lo. “Because that's really what the issue is: you need investors to come into the space to spend their billions of dollars in order to get these drugs developed.”
Prof. Anna Stansbury speaks with Tracy Alloway and Joe Weisenthal of Bloomberg’s Odd Lots podcast about her research on the labor market and worker power. “In my work, when I'm trying to measure worker power," says Stansbury, "I'm trying to say, ‘What would a given worker be paid in a kind of market situation without that power? And then how do different factors give that worker the ability to share in the profits of the firm?’"
Prof. Christopher Knittel speaks with Andy Uhler of Marketplace about gasoline process and the crack spread, the difference between the cost of oil and the cost to refine it. “Increases in the crack spread that we’ve seen recently has been just supply and demand,” said Knittel.
Wired reporter Will Knight spotlights a study by researchers from MIT and other universities that finds judges are turning to Wikipedia for guidance when making legal decisions. “The researchers also found evidence that the use of Wikipedia reflects an already stretched system,” writes Knight. “The legal decisions that included Wikipedia-influenced citations were most often seen in the lower courts, which they suspect reflects how overworked the judges are.”
Researchers from CSAIL and elsewhere have found that Irish judges are using Wikipedia articles as a source in their rulings, reports Shane Phelan for Independent. “This work shows that Wikipedia reaches even farther than that, into high-stakes, formalized processes like legal judgments,” says research scientist Neil Thompson. “The worst outcome would be for a judge’s reliance on Wikipedia to lead them to decide a case differently than they would have if they had read either an expert secondary source or the cited precedent itself.”