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Prof. David Singer speaks with Bloomberg reporter Max Abelson about banking crises. “The recipe for stability is to have well-capitalized, risk-averse banks,” says Singer. “But banks won’t naturally gravitate toward such behavior. They need thorough and steady regulation that doesn’t ease up when the economy is humming.”
Prof. Edward Flemming speaks with Boston.com reporter Ross Cristantiello about the origins of the Boston accent. Flemming says the “'softening' and eventual dropping of “R” sounds appears to have spread from the south of England through ports up and down the eastern coast of America, influencing the accents found in cities like Charleston and New York City.”
Prof. Emeritus Marcia Bartusiak speaks with GBH co-hosts Paris Alston and Jeremy Siegel about her four decades of experience as a science communicator covering the fields of astronomy and physics. “That’s the role of a science writer, is to take those, what seemed to be difficult ideas and, through metaphors and analogies, show how it affects your everyday life, or explain them with examples that they would be familiar with from their everyday life,” says Bartusiak.
Prof. Amy Finkelstein speaks with Stephen Dubner of Freakonomics Radio about why insurance markets are broken, how they can be fixed, and her new book, “Risky Business.” Finkelstein explains that “one thing I hadn’t realized ‘til I started working in economics is there’s another type of market frailty that’s really important, that’s the subject of a lot of government policy, but that most people just don’t seem to be as aware of. And that’s the problem of selection. And it’s front and center in insurance markets.”
MIT has ranked first in 11 different academic fields in the latest QS World University Rankings, reports Michael T. Nietzel for Forbes.
A study by Prof. David Autor and his colleagues have found that the pandemic narrowed the wage gap between America’s highest and lowest paid workers, reports Geoff Colvin for Fortune. The study also found “wages of the least educated workers increased more than the wage of the most educated workers, reducing the college wage premium,” writes Colvin.
Wall Street Journal reporter Danny Heitman highlights Prof. Alan Lightman’s book, “The Transcendent Brain: Spirituality in the Age of Science.” Heitman writes Lightman’s “gift for distilling complex ideas and emotions to their bright essence quickly wins the day.” He adds that Lightman “belongs to a noble tradition of science writers, including Oliver Sacks and Lewis Thomas, who can poke endlessly into a subject and, in spite of their prodding, or perhaps because of it, stir up fresh embers of wonder.”
Wired reporter Will Knight spotlights a new working paper by graduate students Shakked Noy and Whitney Zhang examining the impact of providing office workers access to ChatGPT for use in a series of office tasks. The researchers found “people with access to the chatbot were able to complete the assigned tasks in 17 minutes, compared to an average 27 minutes for those without the bot, and that the quality of their work improved significantly,” writes Knight.
Rebecca Blank PhD ’83, who helped reform how the government measures poverty, has died at 67, reports Alex Traub for The New York Times. Blank’s work “changed the poverty calculus in numerous ways, for instance by using as a basis not merely food budgets but also an array of consumer expenditures, including on clothing and shelter,” writes Traub. “In addition, it updated the view of a family’s financial resources to take account of government benefits not issued as cash.”
Bloomberg reporters Alex Tanzi and Mackenzie Hawkins spotlight a paper by graduate student Evan J. Soltas and his colleague Gopi Shah Goda discussing Covid-19’s impact on the labor market. The researchers “found that workers who miss a full week because of COVID are about 7 percentage points less likely to be employed a year later,” writes Tanzi and Hawkins.
Prof. Emeritus Peter Diamond speaks with Boston Globe reporter Scot Lehigh about the future of Social Security. “Given the large past differences in the approaches of the two parties, it is important that citizens press members of Congress to be specific about their views on fixing the program,” says Diamond. “And it’s just as important that voters let their members of Congress know their own views.”
New research by Prof. David Autor explores how the wage gap narrowed during the Covid-19 pandemic, reports Justin Lahart for The Wall Street Journal. Lahart writes that the findings suggest that “even as the pandemic fades, competition for low-wage workers will be more intense than before the pandemic. That could lead to further reductions in income inequality, raise labor costs at firms that employ low-wage workers, and reshape the U.S. business landscape.”
A study co-authored by Prof. Jonathan Gruber finds “encouraging parents to care for young children at home is not necessarily the best policy,” writes Kevin Lewis for The Boston Globe. “Higher payments — and thus more mothers staying home — were associated with worse performance on cognitive tests at ages 4-5, lower likelihood of being in the higher-level track in high school, and more teenage crime,” Lewis notes. “The opposite effect was observed in families that benefited from a policy reform that lowered their day care fees.”
Undergraduate student Sasha Horokh speaks with GBH reporters Paris Alston and Jeremy Siegel about the ongoing war in Ukraine. “I think it's important that we do not get used to this, and to keep supporting Ukraine,” says Horokh.
Prof. M. Taylor Fravel, director of the MIT Security Studies Program, speaks with New Yorker reporter Isaac Chotiner about China’s military strategy and the future of U.S.-China relations. “In the last five years, China, with a much more modern military, has many more options that it can draw from when it’s thinking about how to advance its interests,” says Fravel. “It can use displays of force to much greater effect than before.”