Writing for GBH, lecturer Malia Lazu explores how to build racial equity into the innovation economy. “Without centering the value of Black contributions to our economy,” writes Lazu, “economic equity in our country will be nothing more than a good intention.”
In an article for The Boston Globe, President Emerita Susan Hockfield and Prof. Ernest Moniz, former secretary of energy, highlight alumnus George Shultz’s PhD ’49 visionary approach to tackling climate change and the development of new technologies. "George was masterful in bringing together people and ideas from disparate disciplines to find new kinds of solutions to daunting political, technological, and organizational problems," they write. "He created communities of shared concern, which he recognized was the way to get things done and to have lots of fun doing so, frequently reminding us, 'If you want to land together, you better take off together.'"
Prof. Amy Glasmeier speaks with Greg Iacuurci of CNBC about the calculator she and her colleagues developed that displays what an actual living wage is in different areas of the country. “People are not surviving on the minimum wage,” says Glasmeier,
Mario Draghj PhD ’76 has been named the new Italian prime minister, reports Giovanni Legorano and Marcus Walker for The Wall Street Journal. “His obsession with the importance of education is rooted in his personal experience. His studies paid off for the next 40 years,” said Mario Baldassarri PhD ‘77, a fellow MIT alumnus.
AP reporter Matthew Lee memorializes the life and work of George Shultz PhD ’49, “a titan of American academia, business and diplomacy who spent most of the 1980s trying to improve Cold War relations with the Soviet Union and forging a course for peace in the Middle East.”
George Shultz, an MIT alumnus and former professor of economics who served as a counsel and Cabinet member for two presidents, has died at age 100, reports Michael Abramowitz and David E. Hoffman for The Washington Post. “Mr. Shultz was a policy maven, conservative but curious, patient and determined. He ranged widely over domestic and foreign affairs,” they write.
Boston Globe reporter Mark Feenery writes that George Shultz PhD ’49, who held top positions under President Nixon and was secretary of state for President Regan, “was regarded as a model of managerial dependability: pragmatic, low key, unflappable.”
George Shultz PhD ’49, known for serving as President Regan’s secretary of state has died at 100, reports Malcolm Rutherford and Aime Williams for the Financial Times. Rutherford and Williams note that during Shultz’s tenure as secretary of state, “there were achievements in arms control, in reducing regional conflicts and in placing human rights on the US-Soviet agenda.”
George Schultz PhD ‘49, the former secretary of state under President Regan and an MIT alumnus, has died at 100, reports Michael R. Gordon for The Wall Street Journal. Gordon notes that Schultz’s “diplomacy helped seal the end of the Cold War,” adding that he “remained an active voice on national security, economic and environmental issues after leaving government.”
Mario Draghi PhD ’76 has been invited to form a new government by Italian President Sergio Mattarella, writes Colleen Barry and David McHugh for the AP. Draghi, the former European Central Bank chief, “is credited with helping to save the euro has now been tapped to lead Italy, the eurozone’s third-largest economy, out of the pandemic and the worst recession since World War II.”
Writing for STAT, Prof. Emeritus Jeffrey Harris explores how community health centers “can play a crucial role in reducing the burden of the Covid-19 epidemic in the difficult winter months to come. They can serve as critical safety valves at a time when acute care hospitals and emergency rooms are saturated with patients.”
Writing for The New York Times, Prof. Amy Finkelstein examines the difficulties posed by trying to reduce waste in health care spending. “If something becomes more expensive, people will buy less of it,” writes Finkelstein. “And the empirical evidence is overwhelming: When patients have to pay more, they use less medical care. The problem is they use less of all types of care.”
The Economist highlights research by Prof. Daron Acemoglu that finds “networks of influential individuals seem also to have contributed to Italy’s descent into fascism” after WWI.
Prof. Daron Acemoglu speaks with Greg Rosalsky of NPR’s Planet Money about his book, “Why Nations Fail,” whether the attack on the U.S. Capitol signals difficulties for U.S. institutions, and how politicians can create more shared prosperity through a “good jobs” agenda. "We are still at a point where we can reverse things," Acemoglu says. "But I think if we paper over these issues, we will most likely see a huge deterioration in institutions. And it can happen very rapidly."
Bloomberg reporters Benjamin Bain, Jennifer Epstein and Robert Schmidt spotlight the work Prof. Gary Gensler, who has been nominated as the next chair of the Securities and Exchange Commission. Gensler “not only knows how to mobilize a bureaucratic federal agency but also understands the often impenetrable ways that Wall Street makes money -- and how firms use that complexity to turn regulation in their favor.”