Researchers from MIT and elsewhere have found that tariffs “failed to restore jobs to the American heartland,” reports Paul Wiseman for the Associated Press. The study found that “the tariffs ‘neither raised nor lowered U.S. employment’ where they were supposed to protect jobs,” writes Wiseman.
Writing for The New York Times, Institute Prof. Daron Acemoglu makes the case for “a new liberalism that is more faithful to its original values but adapted to our times.” Acemoglu emphasizes that “a renewed liberalism must rediscover its most inspiring roots: an energy coming from opposition to the unfair and unrestrained use of power; a commitment to freedom of thought and celebration of different approaches to our common problems; and a concern for the community as well as the individual as the basis of efforts to improve the opportunities of the disadvantaged.”
Writing for The Hill, Prof. Emeritus Henry Jacoby and his colleagues highlight implications of climate change denial on a global scale. “Denying there is a problem stimies efforts to correct the damaged insurance system, organize disaster relief appropriate for changing threats, and properly inform decisions about protective investment,” they write. “Besides the urgent need to protect programs to limit U.S. greenhouse gas emissions, and to bring the nation back into the global effort, the federal administration and recalcitrant state leaders must be convinced to pull their heads out of the dirt and face the change that is coming — whether they want to acknowledge it or not.”
The Financial Times has honored the MIT Climate Pathways Project and the Aggregate Confusion Project (ACP) in their Responsible Business Education awards for research that “delivers tangible societal and scientific contributions.” The MIT Climate Pathways Project was recognized for efforts to blend “expertise across disciplines to use interactive simulations that help business leaders craft smarter climate policies.” The ACP was recognized for addressing inconsistencies in ESG ratings.
A new tabletop exercise, developed by researchers at MIT and the Center for Strategic and International Studies (CSIS), has found that “a further buildup of U.S. nuclear capabilities would have limited effect on whether China might use its own nuclear weapons should a war over Taiwan erupt,” reports Brad Dress and Ellen Mitchell for The Hill. “The first large-scale war game of such an incident,” they write, “found that a U.S. buildup that goes past current modernization plans would not bolster nuclear deterrence in relation to Taiwan.”
Prof. Daron Acemoglu speaks with Times Higher Ed’s Jack Grove about the importance of maintaining economic and political discussions in higher ed. “It is fine for academics to speak on such issues as long as you can keep that separate from your classrooms and for what constitutes high-quality research,” says Acemoglu. “There are special times when academics should speak out.”
Prof. Daron Acemoglu highlights the importance of adopting alternative technologies in the face of AI advancements, reports Jared Newman for Fast Company. “We need investment for alternative approaches to AI, and alternative technologies, those that I would say are more centered on making workers more productive, and providing better information to workers,” says Acemoglu.
Prof. Daron Acemoglu, one of the recipients of the 2024 Nobel Prize in economics, speaks with NPR Planet Money hosts Jeff Guo and Greg Rosalsky about the academic inspirations that led to his award-winning research studying the role of institutions in shaping economies. “In 1980, as I was in middle school, just the beginning of my seventh grade, Turkey suffered a big military coup,” explains Acemoglu. “There were soldiers everywhere, including in our school. Turkey was definitely not a democratic country at the time, and it was also suffering via a series of economic problems. I got interested in exactly these sets of issues.”
Researchers at MIT and the Center for Strategic and International Studies have used a tabletop exercise to determine whether a further build-up of US nuclear capabilities would impact China’s nuclear weapon use in Taiwan, reports Kathrin Hille for Financial Times. “The US has 600-plus tactical nuclear weapons, and it is modernizing their delivery means,” explains Principal Research Scientist Eric Heginbotham. “In the game, the one US team that employed tactical nuclear weapons used fewer than a dozen. In no cases did any of the participants ever say: ‘We need SLCM-N or some other system that is not in the inventory or being deployed under the current modernization plan.’”
Gloria L. Fox, the longest-serving Black woman representative in the Massachusetts Legislature who completed the MIT Community Fellows program, has died at the age of 82, reports Tiana Woodard for The Boston Globe. Fox is remembered as a “superwoman, a legend, and a lifelong advocate of Boston’s black communities,” writes Woodard. “Fox held the seat, representing parts of Roxbury, Dorchester, Mission Hill, and the Fenway for more than 30 years… she championed legislation that addressed health disparities, foster care, criminal justice, and disinvestment, no matter what opposition she faced.”
Ben Armstrong, executive director of the Industrial Performance Center, speaks with Financial Times reporter Michael Acton about the future of foreign semiconductor company investments in the United States. Armstrong notes that it could take some time to see returns from the CHIPS and Science Act. “You could say the chip boom hasn’t even started yet,” says Armstrong. “The real benefits in growth that could come from it are not likely to pay off until a few years from now.”
Prof. Charles Stewart III speaks with USA Today reporter Chris Brennan about misinformation surrounding the integrity of the election process in the U.S. "What we're seeing now are groups that are arising specifically to keep the controversy going and to make money on it and to try to expand the view," says Stewart.
Prof. Daron Acemoglu, a recipient of the 2024 Nobel Prize in economic sciences, speaks with CNBC about the challenges facing the American economy. Acemoglu notes that in his view the coming economic storm is really “both a challenge and an opportunity,” explains Acemoglu. “I talk about AI, I talk about aging, I talk about the remaking of globalization. All of these things are threats because they are big changes, but they’re also opportunities that we could use in order to make ourselves more productive, workers more productive, workers earn more. In fact, even reduce inequality, but the problem is that we’re not prepared for it.”
Prof. Charles Stewart III speaks with McClatchy reporter Brendan Rascius about mail-in ballots for the 2024 election. “The USPS processes a total of 300 million pieces of mail each day,” says Stewart. “The total number of mail ballots will be something in the neighborhood of 50 million which, of course, will generate a total of 100 million pieces of mail – a volume that will be stretched out over several weeks. Therefore, this is not a major surge in volume.”
Fast Company reporter Kristin Toussaint spotlights a new study by MIT researchers that examines the energy burden in the U.S., the percent of a household’s income spent on energy costs. The researchers found a disproportionate number of people in the South experiencing energy poverty. “As the climate warms, we’re going to need to use more and more energy on air-conditioning, and that’s going to increase the burden on low-income households,” explains Prof. Christopher Knittel.