In an article for The Wall Street Journal, Senior Lecturer Robert Pozen argues that having the Securities and Exchange Commission switch to semiannual reporting would not encourage more firms to make long-term investments. Pozen notes that, “a better idea for reforming financial reporting would be for firms to stop issuing ‘guidance’ on their earnings for the next quarter or year.”
Zofia Niemtus writes for The Guardian about tech startups focused on helping breastfeeding mothers. Niemtus notes that MIT’s second “Make The Breast Pump Not Suck!” hackathon, which focused on marginalized groups in society, resulted in projects like “a pop-up shelf for pumping in unsanitary public places; a lactation kit for use in disaster zones; and a virtual reality app.”
Steven Melendez of Fast Company reports on a new system from MIT researchers called Accountability of Unreleased Data for Improved Transparency, or AUDIT, which could help the public track police surveillance. “While certain information may need to stay secret for an investigation to be done properly, some details have to be revealed for accountability to even be possible,” says graduate student Jonathan Frankle.
STAT reporter Orly Nadell Farber writes about a new study by Prof. Amy Finkelstein that challenges the widely held assumption that a large portion of Medicare spending goes towards end-of-life care. “We spend money on sick people — some of them die, some of them recover,” says Finkelstein. “Maybe some recover, in part, because of what we spent on them.”
Writing for The Atlantic, MIT lecturer Amy Carleton describes the focus on public policy, as well as engineering and product design, at this year’s “Make the Breast Pump Not Suck” hackathon. “What emerged [at the inaugural hackathon] was an awareness that the challenges surrounding breastfeeding were not just technical and equipment-based,” explains Carleton.
Research led by Prof. Amy Finkelstein found that just 4% of “bankruptcy filings by non-elderly adults” were associated with medical expenses. “Medical bankruptcy…wasn’t nearly as common as anticipated,” writes Alex Kingsbury for The Boston Globe. “Public policy aimed at fighting it might not have the anticipated results, either.”
A study co-authored by researchers at MIT finds that hospitalizations only cause about 4 percent of bankruptcies among nonelderly adults in the U.S., reports Tom Murphy of the Associated Press. Researchers gathered data from “more than a half million adults under 65 in California who had a hospitalization between 2003 and 2007 that wasn't tied to childbirth.”
Writing for The New York Times, Prof. Maria T. Zuber, MIT’s Vice President for Research, stresses the importance of federal investment in scientific research. “When investments in R & D produce new scientific and technological advances, those advances can in turn spawn new companies and even whole new industries, creating good jobs in a variety of fields,” writes Zuber.
During a broad-ranging conversation with Tom Moroney of Bloomberg News, President L. Rafael Reif discusses why education, the free-flow of talent and federal investment in fundamental scientific research are key components to America's success. Reif explains that, in his view, the foundation of our future is, “talent and believing that our research and investments will benefit the American economy.”
A new study by MIT researchers found that the Clean Air Act has had a larger impact on reducing the mortality rate than originally thought, reports Alan Moses for U.S. News & World Report. The researchers found that, “the decline in organic aerosol may account for more lives saved than the EPA had estimated.”
In a letter to the Financial Times, graduate student Daniel Aronoff writes about what he sees as the root causes of populist discontent in America. Aronoff notes that, “Those who wish to preserve the rules-based order — and I count myself among them — need to climb out of their echo chamber, open their minds and listen.”
NBC Boston reports that ICE has released MIT custodian Francisco Rodriguez. “Many members of the MIT community have strongly supported that Francisco be released from detention to be with his family so the news of his release is extremely welcome. We also strongly believe Francisco should be allowed to remain in the U.S. permanently," according to a statement from MIT.
In an article for the Financial Times about the best economics books of 2017, Martin Wolf highlights new works by Prof. Andrew Lo and Prof. Peter Temin. Wolf writes that in Temin’s “important and provocative book, [he] argues that the US is becoming a nation of rich and poor, with ever fewer households in the middle.”
In a Financial Times article, Senior Lecturer Robert Pozen details how the proposed tax plan would encourage employers to relocate US jobs to foreign countries. As a result of the foreign profits minimum tax, countries could “offer a corporate tax rate at 10 percent to US companies if they would relocate their manufacturing or research facilities,” explains Pozen.
In an op-ed for the Deseret News, graduate student Ryan Hill describes a House-passed tax bill as “devastating” to graduate students, highlighting a provision that designates tuition waivers as taxable income. “The new tax deeply undermines our nation’s commitment to basic research and technological innovation,” writes Hill.