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Researchers from MIT and elsewhere have found that senior citizens in the U.S. are more likely to live independently if there are more immigrants in an area, reports Stuart Anderson for Forbes. “The study found a 10-percentage point increase in the less-educated immigrant population in an area reduces by 29% the probability someone 65 years or older would live in a nursing home or other institutional setting,” writes Anderson.
Prof. Daron Acemoglu speaks with Freakonomics Radio host Stephen Dubner about his research exploring how having a boss who attended business school can impact a business. “The main findings are actually very simple,” says Acemoglu. “As soon as you have a business school manager, you see a relative decline in wages and labor share.”
Writing for The New York Times, Prof. Michel DeGraff details how the education system in Haiti discriminates against Kreyòl, forcing children to speak and learn in French, “a legacy of the French colonial design for Haiti’s impoverishment, which continues, centuries later, to drain us as a nation.” DeGraff adds: “Unshackling Haitian minds and society from centuries of linguistic discrimination is the first step to help Haiti overcome the disastrous consequences of its colonial and neocolonial history.”
Prof. Diana Henderson, Prof. Daniel Jackson, Prof. David Kaiser, Prof. S.P Kothari, and Prof. Sanjay Sarma have released a new white paper “summarizing their ideas for a new type of undergraduate institution,” writes David Rosowsky for Forbes. “The authors have done a commendable job identifying and assembling some of the proven high-impact practices each of these types of higher educational institutions can offer,” writes Rosowsky.
Researchers from MIT and elsewhere have found that U.S. senior citizens are more likely to live independently if there are more immigrants in an area, reports Stuart Anderson for Forbes. This study suggests that the supply of immigrant labor "affects caregiving arrangements, and allows more older Americans to age in the community,” write the researchers.
Washington Post reporter David Lynch highlights the work of Ben S. Bernanke PhD ’79, one of the recipients of this year’s Nobel Prize in economic sciences, who was honored for his research on the role banks play during financial turmoil. “Bernanke demonstrated that bank failures — rather than resulting from the downturn — were responsible for making it so deep and so long. When banks collapsed, valuable information about borrowers disappeared, making it difficult for new institutions to channel savings to productive investments,” notes Lynch.
The 2022 Nobel Prize in economic sciences was awarded in part to Ben S. Bernanke PhD ’79 for his research showing that “bank failures can propagate a financial crisis rather than simply be a result of the crisis,” reports Jeanna Smialek for The New York Times. When asked about his advice for younger economists, Bernanke noted “one of the lessons of my life is, you never know what is going to happen.”
Ben S. Bernanke PhD ’79 has been honored as one of the recipients of this year’s Sveriges Riksbank Prize in Economic Sciences, reports the Associated Press. Bernanke was recognized for his work examining the Great Depression and “showing the danger of bank runs — when panicked people withdraw their savings — and how bank collapses led to widespread economic devastation,” notes the AP.
Ben Bernanke PhD ’79, former chair of the Federal Reserve, has been awarded the 2022 Nobel Prize in economic sciences, reports Allison Morrow for CNN. Bernanke “received the award for his research on the Great Depression,” says Morrow. “In short, his work demonstrates that banks’ failures are often a cause, not merely a consequence, of financial crises.”
Ben Bernanke PhD ’79 has won a share of the 2022 Sveriges Riksbank Prize in Economic Sciences for his research on banks and financial crises, reports Micahel T. Nietzel for Forbes. Bernanke and his fellow winners are credited with significantly improving “our understanding of the role of banks in the economy, particularly during financial crises,” says The Royal Swedish Academy of Sciences.
NPR’s Miles Parks spotlights Prof. Charles Stewart III’s research showing that hand counting ballots is “significantly less accurate, more expensive and more time-consuming than using tabulation equipment.” Stewart noted "Computers — which ballot scanners rely on — are very good at tedious, repetitive tasks. Humans are bad at them. Counting votes is tedious and repetitive.”
Prof. David Kaiser discussed the significance of Alain Aspect, John F. Clauser and Anton Zeilinger’s research conducting experiments concerning quantum entanglement, for which they were honored with the 2022 Nobel Prize in Physics. “Clauser got a lot of pushback from scientists who didn’t think this was even part of science,” said Kaiser. “He had to have a lot of stick-to-itiveness to publish his result.”
In a review for The New York Times, University of Bonn Prof. Irina Dumitrescu spotlights Prof. Kieran Setiya’s new book “Life is Hard: How Philosophy Can Help Us Find Our Way” Dumitrescu writes: “Setiya’s main goal is not to describe how things should be; in his view, given that there is much in life that makes us miserable, and that we can neither change nor ignore, we might as well find ways of dealing with the reality.”
Los Angeles Times book critic Bethanne Patrick spotlights Prof. Kieran Setiya’s new book“Life Is Hard: How Philosophy Can Help Us Find Our Way.” Patrick writes that Setiya’s book demonstrates how “philosophy contains equipment that can help you survive and find renewed hope, if you know how to use it.”
The new MIT Museum opens to the public this weekend in its new location in Kendall Square, which is “quite significant because this is the heart of innovation,” notes GBH’s Jared Bowen. Museum visitors will not only get a sense of MIT’s long history of innovation, but also get a sense of the scientific process, with exhibits featuring “part of the machinery that was used to help sequence the human genome, [and] the star shade petal that allowed NASA to photograph exoplanets,” Bowen explains.