On Point host Meghna Chakrabarti speaks with Prof. David Autor about his research investigating the success and failures of the Paycheck Protection Program (PPP). “If there's one thing I would change, is that I would rebuild our unemployment insurance program, so use modern data systems integrated nationally,” says Autor of how he would alter the PPP.
Prof. David Autor, Harvard University Prof. Gordon Hanson, University of Zurich Prof. David Dorn, and Monsah University Prof. Kaveh Majlesi have described an “ideological realignment in trade-exposed local labor markets that commences prior to the divisive 2016 U.S. presidential election,” reports Thomas B. Edsall for The New York Times.
The Tyee reporter Andrew Nikiforuk spotlights research conducted by Alex Siegenfeld SB ‘15, PhD ‘22, Yaneer Bar-Yam SB ’78, PhD ’84, and their colleagues to better understand the hesitancy behind accepting the efficacy of mask wearing. “There weren’t any studies that conclusively showed masks were not effective, yet common sense just got undervalued,” says Siegenfeld.
Prof. David Rand and Prof. Gordon Pennycook of the University of Regina in Canada found that people improved the accuracy of their social media posts when asked to rate the accuracy of the headline first, reports Faye Flam for Bloomberg. “It’s not necessarily that [users] don’t care about accuracy. But instead, it’s that the social media context just distracts them, and they forget to think about whether it’s accurate or not before they decide to share it,” says Rand.
WHDH spotlights MIT scientists who have created a new material as strong as steel and as light as plastic. “There is excitement because that may open up whole new classes of materials that are strong in new kinds of ways,” says Prof. Michael Strano.
MIT scientists have created a new strong yet light material that could be mass produced and used as coatings for cars, phones or even as building material for bridges, reports CBS Boston. “We don’t usually think of plastics as being something that you could use to support a building, but with this material, you can enable new things,” says Prof. Michael Strano.
Researchers from MIT and the Federal Reserve Bank of Boston have developed a theoretical, high-performance transaction processor for a Central Bank Digital Currency using open-source software, reports Jason Brett for Forbes. "What is clear is that open-source software provides an important way to collaborate, experiment, and implement,” says Neha Narula, director of MIT’s Digital Currency Initiative. “In addition to supporting collaboration, monetary systems benefit from transparency and verifiability, which open-source offers."
Fast Company reporter Mark Wilson writes that MIT researchers have developed a new type of material that is two times stronger than steel with just one-sixth the material bulk. “The material has implications for everything from how we build the gadgets we hold in our hands to the buildings we live in,” writes Wilson.
MIT researchers have developed a new material that is as strong a steel but as light as plastic, reports Michelle Shen for USA Today. “It can be easily manufactured in large quantities, and the use cases range from lightweight coatings for cars and phones to building blocks for massive structures such as bridges,” writes Shen.
Boston Globe Magazine reporter Courtney Humphries spotlights MIT startup Biobot Analytics, co-founded by Mariana Matus ’18 and Newsha Ghaeli ’17, for using their wastewater and sewage tracking technology to identify Covid -19 in communities across the United States. “Because people shed the virus in their stool before they test positive, Biobot’s data are often a leading indicator of where the infection is heading, arriving ahead of case counts by a few days,” writes Humphries.
Researchers from MIT and Princeton University have found that flooding events will become much more common by the end of the century, especially in New England, reports Evan Bush for NBC. “The researchers used computer modeling to stimulate thousands of ‘synthetic’ hurricanes toward the end of this century and in a scenario where greenhouse gas emissions are very high,” writes Bush.
MIT researchers have found a way to use wastewater testing surveillance as a public health tool to identify infectious diseases, reports Marie Szaniszlo for the Boston Herald. “Wastewater testing first started with a discovery by MIT researchers is being used nationwide as an early warning sign,” writes Szaniszlo.
Boston Business Journal executive editor Doug Banks highlights new research from MIT’s Digital Currency Initiative and the Federal Reserve Bank of Boston in developing two sets of computing source code for a hypothetical Central Bank Digital Currency. The researchers “selected concepts from cryptography, distributed systems, and blockchain technology to build and test platforms that would give policymakers substantial flexibility in the potential creation of a CBDC,” writes Banks.
Reuters reporter Jonnelle Marte writes that researchers from MIT’s Digital Currency Initiative and the Federal Reserve Bank of Boston have developed two different approaches to processing transactions in a hypothetical digital currency. “The first phase of the multi-year project, dubbed ‘Project Hamilton,’ resulted in code that is capable of handling 1.7 million transactions per second,” writes Marte. “Researchers also found the ‘vast majority’ of transactions settled in under two seconds.”
Bloomberg reporter Allyson Versprille spotlights how researchers from MIT and the Federal Reserve Bank of Boston have released a new paper and open-source code, called OpenCBDC, aimed at furthering understanding of how a hypothetical central bank digital currency might be developed. Of the importance of making the software open-source, Neha Narula, director of the MIT Digital Currency Initiative, explains that “we believe that this is the best way to ensure that OpenCBDC is vetted by a large number of people--all of whom will bring unique knowledge, skills, and ideas for improvement.”