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Triceratops had a giant nose that may have cooled its massive head
Triceratops’ massive head may have been doing more than just showing off those famous horns. Using CT scans and 3D reconstructions of fossil skulls, researchers uncovered a surprisingly complex nasal system hidden inside its enormous snout. Instead of being just a supersized nose for smelling, it likely housed intricate networks of nerves and blood vessels—and even special structures that helped regulate heat and moisture.
Steelers likely to re-sign 2 defenders, per report
Pittsburgh Post-Gazette's Gerry Dulac believes the Steelers will likely re-sign two talented cornerbacks ahead of the 2026 season.
Josh Shapiro to neighbors: Get off my lawn
The Pennsylvania governor and Democratic star is embroiled in a dispute with his neighbor that has escalated into an unlikely political saga.
Ravens TE Isaiah Likely on impending free agency: Baltimore is home but business is business
After four years in Baltimore, Isaiah Likely is potentially a few weeks away from testing free agency for the first time in his NFL career. While Likely recently noted his affinity for the Ravens, he also recognizes the other opportunities out there.
US businesses clamor for refunds after supreme court strikes down Trump’s tariffs
Refunds were not addressed by supreme court ruling, and they’ll likely play out in lower courts over extended period
I Just Realized Where I Know 'The Hunting Party' Star Melissa Roxburgh from…and I'm Freaking Out
Melissa Roxburgh is starring in a new Netflix thriller and if her face looks familiar, it's you’ve likely seen her in one of these other shows. Find out more here.
A huge study finds a link between cannabis use in teens and psychosis later
Researchers followed more than 400,000 teens until they were adults. It found that those who used marijuana were more likely to develop serious mental illness, as well as depression and anxiety.
Intel "Nova Lake-S" Coming in 2027, CES Launch Alongside AMD "Olympic Ridge" Likely
It was revealed in a recent leak that the next-gen AMD Zen 6 Ryzen CPUs would be delayed until 2027, and it has now emerged, that the upcoming Intel "Nova Lake-S" Core Ultra Series 4 CPUs may be joining AMD for an early 2027 launch, when previous reports placed the launch in late 2026. The news come...
6 Takeaways From the Supreme Court’s Tariff Decision
The court displayed its independence in what was a stinging rebuke to President Trump, though the ruling is unlikely to have an immediate effect on prices.
Opinion | Green Politics and Global Stability
A breakup of Canada becomes unlikely as the world regains its senses on climate and energy.
Trump climate health rollback likely to hit poor, minority areas hardest, experts say
The Trump administration’s revocation of a scientific finding that climate change is a danger to public health is likely to affect communities of color the most.
What happens now that the Supreme Court struck down Trump's tariffs?
Friday’s ruling will most likely prolong political and economic chaos over international trade through the election year.
Scientists Discovered the Ancient, Unassuming Creature That Invented Salads
The 300 million-year-old Tyrannoroter heberti had an extra set of conical-shaped teeth, indicating it likely ate plants. It’s one of the earliest species to do so.
Trump climate health rollback likely to hit poor, minority areas hardest, experts say
The Trump administration’s Environmental Protection Agency overturned some pollution regulations.
Trump climate health rollback likely to hit poor, minority areas hardest, experts say
The Trump administration’s revocation of a scientific finding that climate change is a danger to public health is likely to affect communities of color the most.
Trump climate health rollback likely to hit poor, minority areas hardest, experts say
In a stretch of Louisiana with about 170 fossil fuel and petrochemical plants, premature death is a fact of life for people living nearby. The air is so polluted and the cancer rates so high it is…
Trump climate health rollback likely to hit poor, minority areas hardest, experts say
The Trump administration’s revocation of a scientific finding that climate change is a danger to public health is likely to affect communities of color the most.
Trump climate health rollback likely to hit poor, minority areas hardest, experts say
The Trump administration’s revocation of a scientific finding that climate change is a danger to public health is likely to affect communities of color the most.
Trump climate health rollback likely to hit poor, minority areas hardest, experts say
The Trump administration’s revocation of a scientific finding that climate change is a danger to public health is likely to affect communities of color the most.
Black Americans face heart health disparities
MADISON, Wis. - Black Americans are about 30% more likely to die from heart disease than white Americans - according to the U.S. Department of Health and Human Services Office
Galaxy Buds 4 dummy leaks downplay AirPod comparisons with new metallic finish
We know Samsung has another round of earbuds coming soon, likely timed with next week’s Galaxy S26 unveiling. Ahead of...
Detroit Lions 2026 NFL Draft Big Board: Offensive Tackles
The Detroit Lions will likely target an offensive tackle early in the 2026 NFL Draft. Here’s a full big board with recent scouting reports on Spencer Fano, Francis Mauigoa, Kadyn Proctor, and more.
Nevada Debuts Public Option Amid Tumultuous Federal Changes to Health Care
The state recently became the third to offer a public option health plan through its Affordable Care Act marketplace. But researchers said it’s unlikely to fill the gaps left by sweeping changes at the federal level.
No. 5 UConn stumbles at home late in bad loss to Creighton as hopes for No. 1 seed in NCAA tournament dwindle
UConn is likely going to have to be close to perfect now the rest of the way to claim a top seed in the tournament.
Every Winter Olympics Sport, Ranked by How Likely It’d Be for a Dog to Win a Medal
Could a canine competitor bring home gold in the luge?
Colorado Democrats Push to Rip Up 2028 House Map for an Extra Edge
A proposed ballot measure to give Democrats more seats for the 2028 and 2030 elections signals that the nation’s gerrymandering fight is likely to persist for years.
When ICE sweeps a community, public health pays a price – and recovery will likely take years
As immigration enforcement crackdowns expand across the US, communities can mobilize to lessen the public health impacts.
Scientists Make a Game-Changing Find in the Bennu Asteroid
According to the researchers from the University of Pennsylvania, some of the amino acids found in the asteroid Bennu likely formed in a different way than was previously thought, effectively challenging what we thought we knew about the origins of life.
Dolphins start a tough rebuild by cutting Tyreek Hill and Bradley Chubb, and likely Tua Tagovailoa too
Upcoming Low-Cost MacBook May Come in Yellow, Green, Blue, and Pink
Apple has tested a range of playful color options for its upcoming low-cost MacBook, going well beyond the muted tones available on its current laptop lineup, according to Bloomberg's Mark Gurman. Writing in his latest Power On newsletter, Gurman says the colors tested so far include light yellow, light green, blue, pink, classic silver, and dark gray, although he says it's unlikely all of them will ship.
Ancient fingerprint found on 2,400-year-old Danish war boat
More than a century after its discovery, Scandinavia’s oldest plank boat is finally giving up new secrets. By analyzing ancient caulking and cords from the Hjortspring boat, researchers uncovered traces of pine pitch and animal fat — materials that likely came from pine-rich regions east of Denmark along the Baltic Sea. This suggests the vessel, used by a band of Iron Age warriors who attacked the island of Als over 2,000 years ago, may have sailed across open waters on a long, carefully planned mission.
Celtics' Jaylen Brown has had talks with UFC's Dana White on combat sports career
Brown, 29, still likely has plenty of basketball ahead of him
Why some kids struggle with math even when they try hard
A new Stanford study suggests math struggles may be about more than numbers. Children who had difficulty with math were less likely to adjust their thinking after making mistakes during number comparison tasks. Brain imaging showed weaker activity in regions that help monitor errors and guide behavioral changes. These brain patterns could predict which children were more likely to struggle.
Newsom takes his anti-Trump arguments to Europe
The likely 2028 presidential candidate has taken his Donald Trump-bashing tour to the Munich Security Conference
Roundup: Weber State football, basketball schedules affected by realignment
Future schedules for Weber State’s football and basketball teams have been affected by recent college sports realignment. And, speaking of realignment and schedules, Utah State released its first Pac-12 Conference football schedule as it joins with several outgoing Mountain West teams to form a new home in the fall of 2026. Changes likely for 1 […]
Bipartisan opposition over inflammatory comments likely to sink Trump State Dept. nominee
Jeremy Carl, the Trump administration’s pick for a top State Department position, is unlikely to get the job after a bipartisan group of senators grilled him over his history of racist, sexist, and reported antisemitic comments and posts.
WATCH LIVE: Schumer speaks after Democrats vote against DHS funding bill, making shutdown likely
Mental Health Risk Doubled For Women Who Quit Antidepressants During Pregnancy
By Dennis Thompson HealthDay ReporterTHURSDAY, Feb. 12, 2026 (HealthDay News) — Women who stop taking prescribed antidepressants during pregnancy are playing games with their mental health, a new study says. Pregnant women who quit their antidepressants are nearly twice as likely to experience a ...
Daniel Cormier: 'Jon Jones doesn't have anything left'
Former two-division UFC champion Daniel Cormier thinks Jon Jones' fighting days are likely behind him.
Bird poop powered this pre-Hispanic kingdom
The Chincha Kingdom likely used seabird guano to fertilize their corn.
Qatar’s beIN Sports wins LA 2028 media rights in buildup to 2036 Olympics bid
Qatar has infrastructure in place from the 2022 World Cup but is likely to be in a contest with Ahmedabad, India as the other host candidate
Abhishek Sharma hospitalised; doubtful for India’s match against Namibia
Top batter has been in hospital with an upset stomach and is likely to miss India’s next T20 World Cup game.
Women and girls in science: Dismantling barriers, closing gender gaps
Although women are more likely than young men to pursue higher education, they make up only 35 per cent of science graduates.
What's next for Phillies after latest Zack Wheeler update?
Rob Thomson said Zack Wheeler likely won’t be ready for Opening Day. Dave Dombrowski left the door open for another starter.
Lindsey Vonn likely faces long road to recovery, says Minnesota sports medicine physician
Olympics Opening Ceremony Scores Record Audience for NBCUniversal
And NBC will likely get big numbers again on Sunday as the network airs both Super Bowl LX and its Olympics coverage.
Olympics Opening Ceremony Scores Record Audience for NBCUniversal
And NBC will likely get big numbers again on Sunday as the network airs both Super Bowl LX and its Olympics coverage.
'Night owls' may have worse heart health
Emerging evidence suggests that "night owls" are more likely to have poor heart health and a higher risk of heart attack or stroke than "morning larks." Why is that?
'Night owls' may have worse heart health
Emerging evidence suggests that "night owls" are more likely to have poor heart health and a higher risk of heart attack or stroke than "morning larks." Why is that?
Chang’e-6 lunar samples reveal a giant impact reshaped the Moon’s interior
A colossal ancient impact may have reshaped the Moon far more deeply than scientists once realized. By analyzing rare lunar rocks brought back by China’s Chang’e-6 mission from the Moon’s largest crater, researchers found unusual chemical fingerprints pointing to extreme heat and material loss caused by a giant impact. The collision likely stripped away volatile elements, reshaped volcanic activity, and left a lasting chemical signature deep below the surface.
After loss of tax credits, Washington state sees a drop in health insurance coverage
The dip wasn’t as significant as state officials worried, but more people are likely to lose coverage in the coming months due to increased premiums.
These 773,000-year-old fossils may reveal our shared human ancestor
Fossils from a Moroccan cave have been dated with remarkable accuracy to about 773,000 years ago, thanks to a magnetic signature locked into the surrounding sediments. The hominin remains show a blend of ancient and more modern features, placing them near a pivotal branching point in human evolution. These individuals likely represent an African population close to the last common ancestor of Homo sapiens, Neandertals, and Denisovans.
This weird deep-sea creature was named by thousands of people online
A newly discovered deep-sea creature has become an unlikely Internet star. After appearing in a popular YouTube video, a rare chiton found nearly three miles beneath the ocean surface sparked a global naming effort, drawing more than 8,000 suggestions from people around the world. Scientists ultimately chose the name Ferreiraella populi, meaning “of the people,” honoring the public that helped bring it into the scientific record.
Costco’s CEO is an unlikely risk taker
Ron Vachris does not fit the profile of a typical risk-taking executive.
This is Missouri's first Super Bowl with legal sports gambling — even though the Chiefs aren't in it
Missouri's top gambling official expects "an uptick in bets" for the first Super Bowl since the state legalized sports betting. But the state won't likely make much in revenue from the bets.
Commentary: Yes, Trump's video showing the Obamas as apes is racist. But it's also about the election
The video posted by Trump depicting the Obamas as apes is an escalation in the assault that is likely to come on voting rights in the midterm elections.
2026 Super Bowl bold predictions and data-driven NFL preview
Five bold Super Bowl LX predictions backed by matchup data, historic trends and analytics for Patriots vs. Seahawks, which could see unlikely outcomes unfold.
A Homeland Security shutdown grows more likely as Republicans rebuff Democratic demands for ICE
Senate Majority Leader John Thune says Democrats’ demands for new restrictions on federal immigration officers are “unrealistic.”
Bankers are considering AI's impact on a business when making loans
They’re more reluctant to make loans to companies whose industries are likely to be disrupted by AI.
What is release of files from Mandelson’s US ambassador appointment likely to reveal?
Five key questions MPs are hoping will be answered when records are released after security committee vetting
Fallout Fans Rejoice As Surprise Launch Confirmed, Pre-Orders Open Today
A Fallout announcement has leaked ahead of today's Nintendo Direct, but it's not the game reveal fans were likely hoping for.
New Mexico newborn dies from Listeria infection after mother drank raw milk while pregnant: state officials
Newborn dies from Listeria infection likely linked to mother drinking raw milk during pregnancy, according to New Mexico health officials who renewed warnings.
A newborn's death likely linked to the mom drinking raw milk while pregnant
Health officials in New Mexico have said a newborn baby died from a listeria infection likely linked to the child's mother drinking raw milk during pregnancy.
'Behemoth star,' previously thought to be dying, is 'rising from the ashes' like a pheonix
A new study suggests that the red supergiant WOH G64, also known as the "behemoth star," has not transitioned into a yellow hypergiant as previous research suggested. This means it is now unlikely to imminently explode in a colossal supernova.
The Unlikely New Director of U.S. Environmental Health Research
Kyle Walsh’s appointment to head the NIEHS, a $914-million public agency, is unprecedented. What is on his agenda?
Exposure to low-credibility online health content is limited and is concentrated among older adults
Nature Aging - Concerns over health misinformation online are becoming increasingly important. Here the authors show that older adults are more likely than younger people to encounter...
MAHA has reshaped health policy. Now it's working on environmental rules
MAHA activists who want to hold corporations accountable for harming Americans’ health have found an unlikely ally in a GOP-led Environmental Protection Agency.
MAHA has reshaped health policy. Now it's working on environmental rules
MAHA activists who want to hold corporations accountable for harming Americans’ health have found an unlikely ally in a Republican-led Environmental Protection Agency that has traditionally supported big businesses and less regulation.
MAHA has reshaped health policy. Now it's working on environmental rules
MAHA activists who want to hold corporations accountable for harming Americans’ health have found an unlikely ally in a Republican-led Environmental Protection Agency that has traditionally supported big businesses and less regulation
Eliot Wolf reflects on Patriots’ unlikely Super Bowl rise
Eliot Wolf reflected on this season when speaking exclusively with Patriots Wire at Super Bowl LX opening night.
Maryland Moves to Give Democrats Extra House Seat, but Big Hurdles Remain
The state’s House of Delegates passed a new map that would be likely to eliminate Maryland’s lone remaining Republican seat in the U.S. House, but the State Senate may well block the measure.
K&C Sports & Entertainment Law Weekly Roundup
This month's rash of indictments over alleged point-shaving in college basketball seems unlikely to prompt immediate wholesale changes within the NCAA, with the organization instead looking...
Galaxy S26 is skipping built-in Qi2 magnets in latest leak
Leaks continue to tell us the GalaxyS26 series won’t be a particularly big upgrade, and it seems more likely than...
Hefty taxes kick back in for small Philly businesses
Many businesses are likely unprepared and unaware they need to start paying the city's Business Income and Receipts Tax.
Windows 11 26H2 confirmed for later this year, as references spotted on Windows Update page
If you're on Windows 11 25H2 or 24H2, you'll be getting Windows 11 26H2 later this year, likely around October 2026.
LSU QB Garrett Nussmeier the big winner at Senior Bowl
Nussmeier likely entered Senior Bowl week with a day three grade, but he might have gotten himself into the day two discussion now.
Gavin Newsom opens the oppo book in his new memoir
“Young Man in a Hurry” focuses on the personal more than the political, but Newsom’s likely 2028 run is the undeniable subtext.
Partial US government shutdown likely to continue amid funding standoff
Speaker Mike Johnson is ‘convinced’ the impasse over homeland security funding will be resolved by Tuesday
The U.S. will likely lose its measles elimination status. Here's what that means
The South Carolina measles outbreak is now bigger than last year's Texas outbreak and is happening as the U.S. is poised to lose its measles elimination status.
Samsung Galaxy Z TriFold launches in the US, sells out in minutes
Again, extremely low stock is likely to blame. As promised Samsung brought its latest and greatest to the US today with its Galaxy Z TriFold. The handset...
Women Are More Likely Than Men to Endorse Political Violence
A new survey finding points to the dangers of digital outrage culture.
Former State Sen. Brett Lindstrom out of Nebraska’s 2nd District GOP race
Omaha City Councilman Brinker Harding is now the likely GOP nominee to defend the seat Bacon holds in the 2nd District.
How the Miami RedHawks became college basketball's most unlikely undefeated team
At 21-0, the Miami (Ohio) men's basketball team is one of just two remaining undefeated Division I men's teams. Here's how the RedHawks got here
Strand Larsen future to dominate talk again
Rob Edwards' news conference on Friday is likely to be the latest instalment of the mini Strand Larsen saga, with his move to Crystal Palace in serious doubt. Nothing was ever officially agreed for the Norwegian, even if a £50m deal was struck in principle, and there remains a chance he will stay beyond the deadline - something Wolves would still be happy and comfortable with. Wolves host Bournemouth on Saturday as Edwards tries to maintain momentum, despite last week's defeat by Manchester City, and he will be quizzed about Strand Larsen's future at Compton later.
Your Halo Story
I’m obsessed with stories. This comes as a shock to many of you, I know. These days when we hear the term, the immediate association is likely with penwoven narratives underpinning myriad entertainment properties and creative content. Or perhaps some variation of a bite-sized window of life viewed through the lens of a social platform. […]
Health Care Costs Tops the Public’s Economic Worries as the Runup to the Midterms Begins; Independent Voters Are More Likely to Trust Democrats than Republicans on the Issue
Heading into this midterm election year, the cost of health care tops the public’s economic anxieties and more than 4 in 10 voters say the issue will have a major impact on their vote, this KFF Health Tracking poll finds.
Recognize Data Privacy Day by protecting your small business from cybercriminals
Your small business likely has had many milestones. Hiring your first employee. Opening your doors for the first time. Making your first sale. But some milestones you’d probably rather avoid — like experiencing your first cyberattack. Think you’re too small to target? Think again. Cybercriminals target companies big and small, so this Data Privacy Day keep your business’s data (and your customers’ data) safe by reviewing the FTC’s updated resources at ftc.gov/cybersecurity.
Leaker makes unlikely claim about improved iPhone 18 telephoto lens
A leaker better known for posting about Android smartphones has made a claim potentially pointing to improved telephoto performance in...
Investment and Statecraft: The International Politics of Sovereign Wealth Funds - Georgetown Journal of International Affairs
In 1953, Kuwait established the world’s first sovereign wealth fund to invest the country’s oil revenues and generate returns that would reduce its reliance on a single resource. Since then, over 100 separate funds have been created to preserve national wealth and ensure long-term fiscal sustainability. Today, they manage over $10 trillion in global assets. In this discussion with GJIA, political economist Kathryn Lavelle explains the increasingly novel dynamics that surround fund behavior and what the world can come to expect from their growing presence in international financial markets. GJIA: When it comes to the roles sovereign wealth funds (SWFs) play in global markets and politics, what would you say makes them unique? Kathryn Lavelle: Sovereign wealth funds (SWFs) operate on behalf of governments as investors. That in itself is a strange relationship. Within them, a core contest takes place between the state’s interests (or sovereign) part of the dynamic, and the money interests (or wealth) part of it, and these two aspects are frequently in contradiction, serving fundamentally different goals. SWFs are also quite fascinating because when you talk to the people who manage these funds, they have an interest in convincing you that the decisions are made almost exclusively on a financial basis—they really will go to great lengths to differentiate their government owners and those who make the management decisions. At the same time, these people ultimately answer to someone in power. Therefore, for most SWFs, it remains deeply unclear who is actually making the investment decisions and for what purposes. Of course, it is not always clear how other vehicles, such as hedge funds and private equity make the decisions they do, but I think what a lot of people find particularly disconcerting about SWFs is that they seem to act on behalf of people who have a different identity from their own. People who could be trying to manipulate politics and markets in a way that would have a long-term effect on their own populations. Regular investors come and go at will, and they only share an interest in profit as far as most of us understand. However, SWFs have that extra “sovereign” part right behind them that obscures their true interest. GJIA: These funds can be found in countries all across the globe, in both authoritarian states and democracies. Would you say SWFs differ in their goals and structures between regime-type? KL: It is not necessarily regime type that makes the goals and structures of SWFs different. It has to do with their economies. Let’s look at a country like China. There’s going to be a debate about exactly how to characterize the regime, but it is a country with many different kinds of sovereign wealth funds, and a particularly opaque state connection to each. At one time, some of the state-owned Chinese oil companies created specialized investment vehicles listed outside Chinese markets that excluded parts of the firms that were more associated with human rights violations. At the same time, the China Investment Corporation (CIC)—China’s largest SWF—draws a lot of concern, not necessarily because of its investment activities, but because of the dynamics of global politics. So, I wouldn’t really tie differences to regime types themselves in a wholesale way, but rather to how such funds are perceived and how they are structured. Saudi Arabia’s SWF is getting all kinds of attention for its involvement in Hollywood, and this takes me right back to when I was a student in the 1980s, when people were concerned about Japanese investment entities buying assets in Hollywood. They aren’t quite the same in financial terms, but it’s the same kind of concern about foreign investment that drives people to be suspicious, and the whole idea that “foreigners are influencing Hollywood.” This holds true across industries, and it reflects where politics are in places like the United States right now. One metric we can try to look at is transparency, where all the funds will tell you, “we are transparent.” The problem you’ll keep running into with this approach is how you value things. When trying to do comparative studies of equity markets, you’ll find that every country doesn’t use Generally Accepted Accounting Principles like we do in the United States. A fund may appear opaque politically and not want people to show what they’re invested in or what their intent with that investment is, but they could also just not be able to report it because of the way it was purchased, or the kinds of shares they purchased. There are some assets out there that really are difficult to put a monetary value on. GJIA: To what extent do domestic politics shape SWF behavior in both the investing “home” country and the recipient “host” country? KL: This depends on the type of fund present and also on the extent to which voters’ political views are able to influence the fund. For example, in a democratic home state like Norway, the SWF doesn’t invest in nuclear weapons or tobacco because of social concerns, but there is a continuing debate over whether it should invest in oil, even though that’s where most of the money comes from. The degree to which Norway will continue to make those investments, and whether they contradict the government’s overall climate goals, is an open question in Norwegian politics. Because of the way the fund’s governance is structured, it may not be easy to resolve. On the other hand, some people consider pension funds, like the State Teachers Retirement System (STRS) in Ohio, to be quasi-SWF. They have a very strict separation between the people who make up the management division and the fund owners. No teacher or professor would want to invest in things that may harm the future of their students. At the same time, a fund manager might see an opportunity in a diversified multinational corporation that offers a good return, despite it deriving part of its revenue from e-cigarettes. These contests are very apparent. Domestic politics can work in host countries too. A good example is Singapore’s SWF, Temasek, investing in Thailand’s telecommunications sector. If you study political economy, you already know that countries everywhere are uncomfortable with foreign ownership of their telecom sectors because a foreign entity could monitor or manipulate our communications with each other. In the case of Temasek, there was significant pushback from Thai citizens surrounding the deal, which went on to influence national political sentiment toward Singapore as a whole, underscoring the risks some SWFs may face with their investment choices. In this case, fund behavior led to the dissolution of the entire Thai government in 2006 and a subsequent coup d’état. GJIA: To address some of this unease, the Santiago Principles were established in 2009 to ostensibly promote trust and transparency. From your perspective, have these mechanisms actually changed fund behavior? KL: In international relations theory, we always like to have a clear set of norms and best practices—the orientation we want the proverbial ship to be going in. In that regard, the Santiago Principles at least got the discussion going about which direction SWFs should take at a time when people were very skittish about the growing size of these funds. Nobody wanted them to be out there and potentially destabilizing economies, so talks about disclosure, conditions for withdrawal, and the independence of managers were helpful when initiated. The biggest stumbling block was that there wasn’t exactly a good way to measure compliance with the Principles, let alone how to hold funds to them. If you read the Principles, they’re overall quite vague. In general, a fund doesn’t want to reveal how and why they make certain investment decisions because that information is proprietary—a fund makes money off of how and why it makes decisions—so how do you reconcile that with loosely-defined ideas of openness? Some decisions might have a political purpose. The bottom line is that trying to figure out and assign a score to compliance is not easy, and it is therefore the reason why the Santiago Principles never really got off the ground to the point where they could truly direct fund behavior. GJIA: Many emerging markets are looking to build their own SWFs from mineral and oil revenues. Historically, have funds shaped development trajectories in these countries? KL: I think the big story in international emerging markets investment is that the investment is increasingly no longer unidirectional. In the past multinational corporations of primarily Western background were the main form of foreign direct investment in a country. That has changed dramatically, to the point where you have companies from so-called “developing countries” taking over companies in the United States. Therefore, the landscape of international investment has changed, and I think SWFs are certainly a possibility to be the next step in the game. Historically, you didn’t need an entire financial vehicle to reinvest commodity revenues in your country, but as emerging markets get more financially sophisticated, their capacity to operate such funds has increased. SWFs would allow treasuries to move from relying on holding foreign exchange assets like cash or government bonds to having broader financial markets and targeted growth areas, while easing pressure on welfare expenditures. GJIA: With their increasing financial weight, do you see the presence of SWFs being a factor in the political choices leaders will have to make with regard to domestic and foreign policy? KL: It will depend on just how big the funds get. One of the reasons people are already apprehensive is because of their scale, and if certain SWFs in certain countries achieve a large-enough size, the presence will absolutely be cause for concern. The other factor political leaders will have to consider are their objectives. It’s not always clear how to define a SWF, or even where its activity is concentrated, but it is certainly a worry from the perspective of national security of opaque external investment. More than that, I think one of the most interesting questions going forward is whether the United States, the home to the world’s largest financial markets, will develop its own fund, for which the Trump administration announced a plan. There have also been several proposals in Congress. Were it to come into being, it would have tremendous weight. At the same time, one of the hallmarks of U.S. capitalism is a lack of government ownership of shares, so it would not be clear how such a fund would be received in domestic politics, or which direction it would take. Given how politically fragmented the country is, a Democratic administration would likely be concerned about different sectors of the economy, such as healthcare, and want investment there, rather than a Republican administration, which might prefer defense industries. No investment vehicle could thrive under conditions of such instability. Moreover, it remains unclear where the money to fund a theoretical U.S. SWF would come from. It would be a fundamentally different entity depending on whether it is financed with debt, economic surplus, commodities, or the sale of state companies, as in the case of Singapore. If it is debt, or government borrowing of some form, then the fund would have to outperform whatever the cost of that debt is, which is not an easy thing to do. I think our political leaders have enough on their plate. Our system has worked well keeping political and investment functions generally separate. We have seen different forms of business rise and fall, and even the perception of different countries, all of which funds are tied to. Unless a major SWF either starts—like in the case of the United States—or collapses—an issue that concerns the Saudis, I don’t see any political tsunamis on the horizon. . . . Kathryn Lavelle is the Ellen and Dixon Long Professor of World Affairs at Case Western Reserve University in Cleveland, Ohio. Her research explores the exchange between domestic and international and political institutions with a particular emphasis on political economy and multilateralism. Dr. Lavelle’s first book, The Politics of Equity Finance in Emerging Markets, explored the political circumstances that surround large issues of stock in the developing world. After being granted tenure at Case Western, she was awarded an American Political Science Association Congressional Fellowship and named the William A. Steiger fellow, a designation given to the most promising political scientist in her class of fellows. While in Washington during 2006-2007, she worked on the staff of the House Committee on Financial Services on issues related to domestic and international monetary policy. Dr. Lavelle holds a PhD in political science from Northwestern University; an M.A. in government and foreign affairs from the University of Virginia; and a bachelor’s degree in international economics from Georgetown University. She is a permanent member of the New York Council on Foreign Relations. This transcript has been lightly edited for clarity and length. Interview conducted by Sid Mehrotra. Image Credit: Jason Leung, Unsplash Content Licenses, via Unsplash
Radio waves revealed what happened before a star exploded
For the first time, astronomers have captured radio signals from a rare exploding star, exposing what happened in the years leading up to its death. The radio waves reveal that the star violently shed huge amounts of material shortly before it exploded, likely due to interaction with a nearby companion star. This discovery gives scientists a new tool to rewind the clock on stellar deaths. It also shows that some supernovae are far more dramatic in their final moments than previously thought.
Dallas Cowboys 2025 Season Recap: September review
No team’s 2025 season likely began with more buzz than the Dallas Cowboys. Just seven days ahead of the team’s season opener at the defending Super Bowl champion Philadelphia Eagles,...
Another shutdown appears likely after Minnesota shooting prompts revolt by Democrats
The standoff has also revealed fractures among GOP lawmakers, who have called for a federal and state investigation into the shooting and congressional hearings.
These 3 Policy Moves Are Likely To Change Health Care for Older People
By Paula Span | KFF Health News Month after month, Patricia Hunter and other members of the Nursing Home Reform Coalition logged onto video calls with congressional representatives, seeking support for a proposed federal rule setting minimum staff levels for nursing homes. Finally, after decades of ...
When You Have to Assign Work No One Wants to Do
Managers often try to generate buy-in for unwanted assignments by persuading, incentivizing, or softening the message—but these tactics can backfire. Research shows that what matters more than choice is acceptance: when employees see an assignment as settled, fair, and partly within their control, they are more likely to commit and perform well. By offering some element of choice, signaling finality, and ensuring a legitimate decision process, leaders can foster genuine buy-in even when people wouldn’t have chosen the work themselves.
Jaquan Brisker Likely Won't Return to Chicago Bears
LIST | School, business closures due to winter storm
A powerful winter storm starts Saturday, goes through Sunday and its impacts will likely linger for days.
Are meat eaters more likely to live to 100? Here’s what the science says
A recent study found that people who don’t eat meat may be less likely than meat eaters to reach the age of 100
Prep Sports Report: Basketball game between highly ranked teams will likely be rescheduled this week
By Terry Boehmker NKyTribune sports reporter If severe winter weather continues to force local school closings on Tuesday, a game between Northern Kentucky’s highest ranked girls basketball teams will likely be cancelled that night. Simon Kenton (21-1) has a game scheduled at Cooper (15-3) on Tuesday. Both schools were closed on Monday and after-school activities...
Michael Adams, my most unlikely freshman professor and sparring partner
A personal remembrance of Michael Adams, who led the University of Georgia for 16 years. Adams died at the age of 77.
The Man Who Almost Replaced Warren Buffett
David Sokol was seen as the next likely CEO of Berkshire Hathaway—until a controversy arose over his personal trades.