Writing for The New York Times, Prof. Amy Finkelstein makes the case that cash transfers can do more to help the poor than expanding health insurance. “Cash helps recipients directly, while health insurance would pay mainly for care that many uninsured people were already receiving at low or no cost,” writes Finkelstein.
MIT has announced a new climate action plan aimed at helping the Institute tackle climate change, reports Kristina Chen for The Tech. The plan offers increased opportunities for student involvement and a new organizational structure. Maria Zuber, MIT’s vice president for research, explains that MIT feels “that it’s our responsibility and duty to try to make a genuine difference, and to do that, we’re going to need the help of everyone in the community.”
Writing for The Boston Globe, senior lecturer Frederick Salvucci and research scientist James Aloisi underscore the importance of federal investment in infrastructure to help create a more equitable and sustainable transportation network in the future. “A federal infrastructure initiative that becomes more of the same won’t effectively respond to the urgent need to build back better, which means providing states and cities with the funding and programmatic support they need to provide the essential transportation services that make our economy work equitably,” they write.
Writing for The Boston Globe, President L. Rafael Reif emphasizes the importance of finding affordable, equitable ways to bring the global economy to net-zero carbon by 2050. “If individuals and institutions in every part of the economy and society tackle the pieces of the problem within their reach and collaborate with each other,” writes Reif, “we have a real shot — an Earthshot — at preserving a habitable world.”
Bloomberg reporter Benjamin Bain writes that Prof. Gary Gensler has been confirmed as the new head of the Securities and Exchange Commission. Bain writes that Gensler is “poised to confront everything from the fallout of the GameStop Corp. trading frenzy to the deluge of special purpose acquisition companies and the collapse of Archegos Capital Management.”
Prof. Gary Gensler has been approved to lead the Securities and Exchange Commission, reports Marcy Gordon for the AP. The appointment signals “an emphasis on investor protection for the Wall Street watchdog agency after a deregulatory stretch during the Trump administration,” writes Gordon.
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.”
In a letter to the Financial Times, graduate student Daniel Aronoff writes that “the US may avoid inflation, but it cannot escape the consequences of increased government spending, for good or ill.”
Writing for Inside Higher Ed, graduate student Austin DeMarco, federal affairs chair of the MIT Graduate Student Council, advocates for increased federal investment in scientific research. “Sustained, ambitious investment in innovation and research, beginning with the Endless Frontier Act, will rebuild America’s technological ecosystem, strengthen and diversify our scientific workforce, and regain our world leadership in science and technology,” DeMarco writes.
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.”
Writing for The New York Times, Prof. Amy Finkelstein emphasizes the effectiveness of randomized clinical trials. Finkelstein notes that she hopes “truly rigorous testing of social policy will become as commonplace as it is for new vaccines. That would help ensure that government services are delivered as effectively and efficiently as possible.”
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.