Policy

Writing for The Conversation, Prof. Jessika Trancik explores how government policies can spark innovation in clean energy markets, helping to reduce carbon emissions. “Left to its own devices, technological change will not necessarily solve climate change, especially not in the limited time we have left to act,” writes Trancik. “But my research on technology evolution suggests that government policy can help propel this powerful process toward rapid progress and beneficial outcomes.”

A new study by Prof. Jessika Trancik and postdoctoral associate Micah Ziegler examining the plunge in lithium-ion battery costs finds that “every time output doubles, as it did five times between 2006 and 2016, battery prices fall by about a quarter,” reports The Economist. “A doubling in technological know-how, measured by patent filings, is associated with a 40% drop in price.”

A new study by researchers from the MIT Election Data and Science Lab finds that there is bipartisan support for some voting changes included in a bill that passed the House, reports Ryan Teague Beckwith for Bloomberg News. The researchers found that “87% of Republicans supported requiring paper backups for electronic voting machines, and 62% backed making Election Day a holiday, both provisions of the Democratic legislation.”

In an opinion piece for The New York Times, Prof. Nicholas Ashford calls for creating systems that could help address the spread of misinformation in broadcast media. “Public trust in the media industry has been declining for years,” writes Ashford. “It can be restored by securing media companies’ commitment to practicing fact-checking and presenting contrasting perspectives on issues important to news consumers.”

Prof. Jessika Trancik speaks with the BBC Newshour about her new study analyzing the dramatic decline in the costs of lithium-ion batteries. Trancik explains that the reduced price, “opens up markets for electric vehicles for more people. The battery makes up a substantial portion of the total cost of an electric vehicle and the fact that costs have fallen by 97% over the last few decades means that these cars are no longer just for the wealthy.”

Writing for Forbes, Elisabeth Reynolds, executive director of the MIT Task Force on the Work of the Future, underscores the need to improve job quality, increase access to education and training, and invest in technologies that augment workers. “The public and private sectors must also be innovative in the ways in which they can collaborate in creating a work of the future that leads to greater shared prosperity,” writes Reynolds.

Bloomberg reporter Craig Torres spotlights alumna Stacey Tevlin PhD ’95 who leads the Federal Reserve’s Research and Statistics division and is “the most important person in U.S. economics that you have probably never heard of.” Tevlin’s team is entrusted with “the forecasts for policy makers as they weigh interest rates every six weeks,” writes Torres. 

Bloomberg reporters Georgina McKay and Tracy Alloway spotlight a new working paper on income inequality by MIT researchers that finds that highly-paying jobs are now more likely to be located within highly-paid companies. The findings suggest that “a government looking to reduce inequality might want to target sectors where bifurcation between ‘high-paying’ and ‘low-paying’ has been most extreme.”

Reuters reporter Trevor Hunnicutt spotlights how Elisabeth Reynolds, executive director of the MIT Task Force on the Work of the Future, has been tapped by the Biden administration to serve on the National Economic Council.

Associate Provost Richard Lester calls for a comprehensive dialogue between America’s research universities and the federal government. “Such a dialogue,” writes Lester, “would enable the universities to make clear that there is no contradiction between their interests as academic citizens of the world and as institutional citizens of the United States. Both sets of interests are served by openness, independence, and the freedom to attract, educate, and work with the world’s finest young minds.” 

Wired reporter Will Knight spotlights how MIT researchers built a machine learning system that can help predict which patients are most likely to develop breast cancer. “What the AI tools are doing is they're extracting information that my eye and my brain can't,” says Constance Lehman, a professor of radiology at Harvard Medical School and division chief of breast imaging at MGH.

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.”