More News from IWER

Institute Professor Daron Acemoglu said: "The promise of technology was to create opportunities for all, but what we have is a single system that concentrates power and wealth."

Research scientist Ranjan Pal and co-authors wrote: "The most creative and technically innovative employees choose roles in software development for products whose value is of most importance to venture capitalists and enterprise shareholders. The relatively less innovative and coding-competent employees are put in cybersecurity roles and are paid comparatively less."

Professor Andrew W. Lo said: "We're working on an AI financial advisor that can satisfy the most important criterion of financial advice that regulators impose, fiduciary duty. A fiduciary is somebody who is appointed to help you further your goals and will look out for your best interests above and beyond their own."

Professor Emerita Lotte Bailyn said: "Child care is absolutely necessary if parents need or want to have employment. Child care workers must be paid well in order to attract the people needed for high quality, and parents cannot pay more for child care than they earn. That means a simple private business model does not work."

The rules for dark pools allow flexibility, says associate professor Haoxiang Zhu. Pools can merely file a note informing the agency of a change in their operations. While an exchange must provide fair access to anyone who wants to trade, a pool can discriminate as long as its trading in any stock remains below 5% of the stock's total market volume. That leaves pools freer to innovate.

Quantum technology is rapidly growing with job demand tripling in the US according to the MIT Quantum Index Report 2025, which finds, however, that large-scale commercial applications for quantum computing still remain "far off." Research scientist Jonathan Ruane calls the report a "community-led project" and encourages people to contribute additional data. He says that while a report will be published annually, data on its website will be updated "as often as input is given."

Professor Robert Pindyck told Newsweek there was "just one reason" behind rising electricity bills, "and that's the grid. We have a very antiquated, inefficient grid here in the United States, and the result is that if there's any increase in demand — even if the electricity can be generated cheaply — it's very hard to move it from A to B," he said.

The new book, "The Analytics Edge in Healthcare," by associate dean for business analytics Dimitris Bertsimas and co-authors, serves as an indispensable resource tailored for health professionals, policymakers, and decision-makers eager to harness the power of advanced analytics in clinical and operational settings.

Professor Simon Johnson was honored by the Carnegie Corp. of New York as part of its 20th class of Great Immigrants, Great Americans. "If people come to the United States, with very few exceptions, they come because they want to work. They want to be productive. They want to improve their lives and have better futures for their kid. That dynamism is a big part of what's going well in many parts of the U.S.," said Johnson.

Research scientist Christian Catalini told UPI that the GENIUS Act will lower the cost of making payments with stablecoin internationally. "It is much needed legislation that will unlock a safer and more scalable stablecoin ecosystem," Catalini said. "It will lead to entry by many more issues, increasing competition among stablecoins."