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.
Bob Metcalfe ’69, a CSAIL research affiliate and MIT Corporation life member emeritus, has been awarded this year’s Turing Award for his work inventing Ethernet, reports Randy Bean for Forbes. “Turing recipients include the greatest pioneers in the advancement of computer science,” says Metcalfe. “I am grateful to be considered among these giants.”
MIT has ranked first in 11 different academic fields in the latest QS World University Rankings, reports Michael T. Nietzel for Forbes.
Researchers at MIT have quantified the shift toward the artificial intelligence industry and how it has impacted academia, reports Madhumita Murgia for Financial Times. “The MIT research found that almost 70 percent of AI PhDs went to work for companies in 2020, compared to 21 per cent in 2004,” writes Murgia.
This year's Turing Award has been awarded to Bob Metcalfe ’69, a CSAIL research affiliate and MIT Corporation life member emeritus, for his work inventing Ethernet, a computer networking technology that for decades “has connected PCs to servers, printers and the internet in corporate offices and homes across the globe,” writes Cade Metz for The New York Times. “Almost everything you do online goes through Ethernet at some stage,” said Marc Weber of the Computer History Museum.
Bob Metcalfe ’69, a CSAIL research affiliate and MIT Corporation life member emeritus, has been honored as this year’s recipient of the Turing Award for the invention of the Ethernet, “a technology that half a century after its creation remains the foundation of the internet,” reports Stephen Nellis for Reuters. “The Ethernet got its start when Metcalfe, who later went on to co-found computing network equipment maker 3Com, was asked to hook up the office printer,” writes Nellis.
CSAIL research affiliate and MIT Corporation life member emeritus Bob Metacalfe ‘69 has been awarded the 2022 Turing Award for his contributions to creating Ethernet, a method for enabling personal computers to communicate directly with one another over a wired connection, reports Hiawatha Bray for The Boston Globe. “Variants of the original Ethernet connect countless millions of computers around the world,” writes Bray.
Prof. Simon Johnson speaks with Boston Globe reporter Kara Miller about the safety of the U.S. banking system. “Johnson argues that more oversight and regulation are critical to making sure the banking system operates smoothly, even though increased regulations might provoke resistance,” writes Miller.
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.”
Graduate students at MIT rescued a dog that was abandoned from a stolen vehicle, reports Kate Armanini The Boston Globe. “The students used the dog’s tags to contact the owner, who was ‘appreciative and emotional’ to be reunited with the dog,” writes Armanini.
Prof. John Horton and his colleagues have found that increases in Uber fares only benefit drivers for a limited amount of time, reports Kevin Lewis for The Boston Globe. “They found that fare increases initially provided drivers with higher hourly earnings, but that boost wore off after a couple months,” writes Lewis. “With the higher rates, drivers tried to work more hours and passengers used the service less, reducing the average time each driver was matched with passengers.”
Graduate students at MIT rescued a dog that was abandoned from a stolen vehicle, reports Kate Armanini The Boston Globe. “The students used the dog’s tags to contact the owner, who was ‘appreciative and emotional’ to be reunited with the dog,” writes Armanini.
NECN spotlights how a group of MIT Sloan students jumped into action to aid a dog who was dumped out of a car. The dog, Millie, “was reunited with her grateful owner, who came to MIT to meet police and the students.”
MIT Legatum Center Executive Director Dina Sherif and Pia Sawhney write for CNBC about how the Silicon Valley Bank collapse will impact various companies, communities, and innovation ecosystems. “The immediate banking crisis is over,” writes Sherif. “Now it’s time to rebuild a new system for financing innovation to meet today’s needs.”
MIT graduate students rescued and reunited a stolen dog with its owner after it was abandoned following a carjacking, reports Timothy Nazzaro for Boston 25. “After recovering the dog, the MIT students contacted the dog’s owner using the information on the pooch’s collar tags,” writes Nazzaro. “The owner was reunited with ‘Millie,’ the pup, at MIT and was very grateful to the students who stepped in to save her."