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‘Something bigger than business’: Greater Cleveland shops take part in ICE protest boycott
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...
Denver’s First Asian Market to Pass Business to a Fourth Generation
The founder's great-granddaughter is taking the reins of the store's community legacy.
Dozens of Businesses Close, Show Support for National ICE General Strike
Other restaurants and retailers remained open but shared messages of solidarity and plan to donate proceeds.
Closures, slow foot traffic hit Greater Cincinnati businesses after snowstorm
Businesses around Greater Cincinnati are struggling with reduced foot traffic and sales as they reopen following a winter storm.
Why some Greater Cincinnati businesses are taking part in national ‘ICE out’ strike
Multiple small businesses in Greater Cincinnati are participating in a national strike in response to the ongoing conflict involving Immigrations and Customs Enforcement operations.
Google releases Project Genie AI tool for creating "playable worlds" that can feature copyrighted IP
But legal expert Pete Lewin from Wiggin argues that the companies behind this kind of tech can expect to face "greater scrutiny and pushback from IP owners"
Gen X and millennial inheritance could take a hit due to health care costs and taxes
Generation X and millennials who may be receiving an inheritance from the previous generations may be receiving less than expected due to health care costs and taxes, according to experts. NBC News' Brian Cheung breaks down how this will impact the younger generation.
Chicago business leader launches Bear Down Community Investment Group to spur regional economic development
Bear Down Community Investment Group will focus on housing, workforce training and economic development across the Greater Chicago region, with plans to eventually go nationwide.
HOMETOWN ENTERTAINMENT: Cabin fever setting in? There are some great events to keep you busy this weekend
From classic rock tribute bands to music celebrating Black History Month, our hometowns have a lot to offer this weekend.
Jason Kelce lauds Patriots' underappreciated defense before Super Bowl
As Eagles great Jason Kelce sees it, the Patriots' defense deserves more credit for their work in the 2025 NFL playoffs.
Will Republicans break their losing streak on health care reform?
Republicans have repeatedly failed to successfully field an alternative to ObamaCare, but their new “Great Healthcare Plan” released in January offers some promising ideas, such as pric…
Tomodachi Life™: Living the Dream for Nintendo Switch
Buy Tomodachi Life™: Living the Dream and shop other great Nintendo products online at the official My Nintendo Store.
Samsung's leaked Galaxy Buds 4 and Buds 4 Pro prices could be a great sign for the Galaxy S26 series
Samsung's next earbuds will not increase the prices of their predecessors, which means the same could be true for the Galaxy S26 trio.
Older adults’ driving habits offer window into brain health, cognitive decline
Research Highlights: A study of over 200 adults followed for five years found that greater white matter damage in the brain was linked to decreased driving, fewer trips, repetitive routes and having more driving errors, especially in those who later ...
Brown & Root shifts engineering hub to Metairie
Brown & Root Industrial Services has relocated its engineering and construction operations from Baton Rouge to Three Lakeway Place in Metairie, marking a strategic investment in the Greater Ne… Already an INSIDER? Sign in. Already an INSIDER? Sign in
Economic Forecast 2026: Key Opportunities For Small Business
Small businesses face cost pressures and uncertainty in 2026, but untapped pricing power and greater agility than large competitors offer paths to stronger growth
2nd Show Announced for State Fair 2026 Concert Lineup
The Great New York State Fair has announced its second music act for Suburban Park.
On Data Privacy Day (and every day): Protect your small business
Cybercriminals target companies big and small. Today is Data Privacy Day — a great opportunity to take a look at how you keep your business and customer data protected. Get started with the FTC’s updated resources at ftc.gov/cybersecurity.
FreshBooks 2025 Ontario Small Business Snapshot: Owners More Reserved Than U.S. Peers, but Most Say Their Businesses Are Stable
Ontario survey data shows lower optimism and higher interest-rate sensitivity than U.S. counterparts, while operating conditions stay steady for most businessesTORONTO, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Ontario small business owners are entering 2026 with a more reserved outlook than their U.S. counterparts, reflected in lower economic optimism, softer financial sentiment, and greater sensitivity to interest rates, according to a new Ontario snapshot from FreshBooks’ 2025 State of Small Business
Inside the minds of two US Olympians — and how they achieve greatness
U.S. Olympians Erin Jackson and Alysa Liu demonstrate how different personality traits and cognitive styles can lead to elite athletic success.
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
How has your local high street changed since 2019? Check your postcode
The makeup of Great Britain’s high streets has changed dramatically. See what the data says about where you live
The Gen Z gender divide in politics
As Gen Z becomes older, a college student fears there will be less social cohesion and greater risks to democratic consensus.
Investing in high performance sports
Germany’s athletes have received increasing funding and support since the Olympic Games Munich 1972, support that has translated into greater success at the highest level.
The Wolfpack Peels the Orange 88-68
Game Summary: NC State started the game well for the first time lately. By the first official timeout the lead was 13-5 Wolfpack. Despite a decided height advantage, the rebounds were tied at 16 at the half. Stats were generally even; the Pack won the first half with quality shooting 50%/40%/82%. Williams had a great […]
Make Aviation Great Again: Donald Trump airport flies through first Senate stop
POTUS could provide the portal to the friendly skies in South Florida if this preemption bill passes.
Reality TV star brings sewing business talk to Cleveland event
Craig Conover will share his journey from home economics class to building a nationally recognized lifestyle brand during appearances at the Great Big Home + Garden Show.
Opinion | Trump Is Only Part of the Great Power Struggle
Why the competition for, and control of, energy resources is central to global politics.
Radiology practice SimonMed Imaging launches new ‘longevity screening’ division
The elective exams have previously been delivered under the SimonONE brand and will be folded into the rest of the radiology practice for greater service integration.
Artist View Entertainment Inks Deal To Sell AI Film ‘The Great Reset’ At EFM
'The Great Reset,' an AI-generated film about a tech apocalypse, is heading to the European Film Market.
ICYMI: Florida Releases Candy Testing Results Under Healthy Florida First Initiative - Florida Department of Health
Governor Ron DeSantis, First Lady Casey DeSantis, and Florida Surgeon General Dr. Joseph Ladapo announced new food safety findings under the Healthy Florida First initiative, with the release of candy product testing results conducted by the Florida Department of Health to provide greater transparency for Florida families and strengthen accountability for products marketed to children.
In downtown Wilmington, Live Oak shutting down inclusive small business center
Live Oak Bank is turning Channel off. Described by Live Oak as an inclusive small business center, Channel opened in November 2021 to serve as a free resource for small business owners, helping numerous minority-owned and other small businesses from its headquarters downtown at 106 Market St. "After careful consideration, we’ve decided to bring Channel ... to a close at the end of this month. Live Oak determined that the needs of Wilmington’s small business community have evolved. Since Channel opened, the local small business ecosystem has grown significantly, with many strong organizations now offering education, technical assistance and community programming for entrepreneurs," stated Claire Parker, managing director of corporate communications for Live Oak Bank, in an email Monday. "With those resources firmly in place, Live Oak is refocusing on what we do best – providing banking and financing solutions that help small businesses grow and thrive." Channel's demise also resulted in the elimination of two positions – those of Channel's director, Chakema Clinton-Quintana, and Atiba Johnson, the certified professional business advisor (CPBA) at Channel. On Monday, Clinton-Quintana, who was elected to the Wilmington City Council in November, said of her immediate plans after Channel: "I will continue my work serving the public while I look for other full-time opportunities." She said Channel "served over 1,000 small business owners in the greater Wilmington area, as well as some of the surrounding areas, such as Brunswick and Pender. A lot of folks had reached out to us needing those resources because they were free, and we were able to assist them in that capacity." Johnson said he will be devoting his time to the Wilmington Minority Chamber of Commerce, which is not affiliated with the Greater Wilmington Chamber of Commerce. The minority chamber is celebrating its launch from 5 to 8 p.m. Tuesday at the Wilmington Sportsman Club, 1111 Castle St., Wilmington. Johnson, the founder and executive director of the new chamber, said about 50 businesses are on board to join the Wilmington Minority Chamber of Commerce. According to a news release, the new chamber "was established to foster growth, networking, and advocacy for underrepresented business owners. By providing essential resources and community engagement, the chamber aims to build a more inclusive and prosperous local economy." Johnson said the creation of the new chamber is in response to "lapses in funding, education, advocacy for minority businesses...Some of the things that are going on now just don't reach all the way down to those businesses." For Lynne Jones, owner of LJ Design Studio LLC, the loss of Channel also means a reduction in income. She had contracted with Channel to run the center's social media and to provide some marketing for small business owners. "It's pretty disappointing to hear that it is closing...it was a place to connect with other small business owners and collaborate. It was like a family for those of us who were there. If you had issues or things that you needed to talk through concerning your business, there was always someone there that you could sit down with and talk things through, recalibrate, and they set you off on your way to make that pivot and move in a different direction," Jones said Monday. She said she worked with many Channel participants creating their websites and will miss seeing the joy on their faces when those websites were up and running. Dawn McDowell, owner of Creatively Covered Co. LLC, credits Channel with helping her business grow and regrow after her social media pages were hacked and shut down in 2023. "Channel was a great resource for small businesses, for women-owned businesses, for minority-owned businesses; they provided a lot of assistance, especially when you needed it," McDowell said. "If it wasn't for Channel, I don't know if I'd be where I am now, in my business, and regrowing my business and even finding out about some of the certifications and things that were out there for small businesses that I just didn't know about ... because there was no one really sharing that information for small businesses, for minority- and women-owned businesses in particular." Parker said shutting down Channel was not part of an overall cost-cutting plan. She stated in the email, "Live Oak’s commitment to Wilmington remains strong. We are continuing to support entrepreneurs by focusing our efforts where we deliver the greatest value – through specialized banking and financing solutions aligned with our mission to be America’s small business bank." As for Channel's downtown office, Live Oak had leased the 5,000-square-foot space above Seabird restaurant in 2021. The bank’s lease for the office is up in March, Parker said.
IBM is planning a major Baton Rouge hiring push
IBM is ramping up hiring in Baton Rouge this year, according to Charles Masters, a senior partner with the company. The announcement came during Masters’ keynote address at the Greater Baton … Already an INSIDER? Sign in. Already an INSIDER? Sign in
Resident Evil Requiem - The Final Preview
Not only does combining Resident Evil 4 and 7 gameplay really work in Resident Evil Requiem, but with a host of new stalkers and talking zombies, there’s a lot more going on than just a merging of Resident Evil’s greatest hits.
90 million years ago, Antarctica was green: The science behind its lost rainforest | - The Times of India
Science News: Imagine a great, green rainforest thriving inside the icy land that exists today. It might sound like science fiction, but research shows that Antarct.
Voices: Before we declare religion harmful to women’s health, let’s look at the evidence
“Across religious traditions, the pattern is clear,” write three researchers in an op-ed. “In nearly every case — and across two distinct datasets — greater religious attendance is associated with better health.”
1 week, $1.2+ billion changes hands: See 27 latest business, commercial, land sales ($35K to $4.27M)
See a list of property sales in Onondaga County other than residential homes, including 6 properties that sold for greater than $1 million each.
Former astronaut on lunar spacesuits: "I don't think they're great right now"
These are just the difficulties of designing a spacesuit for the lunar environment."
Resident Evil Requiem Preview - Exciting Emulation
So far, we're impressed with Capcom's "Greatest Hits" approach to Grace and Leon's gameplay in Resident Evil Requiem.
Live Game Show Style Entertainment Venue Coming to Maryland
The Great Big Game Show is set to open a new location at Arundel Mills in Hanover, MD. According to the company, the venue will offer a live, game show […]
Finding Freshwater in Great Salt Lake
Reed-covered mounds exposed by declining water levels reveal an unexpected network of freshwater springs that feed directly into the lake basin.
The Gen Z gender divide in politics
I fear as Gen Z becomes older, there will be less social cohesion and greater risks to democratic consensus.
Analyst: Buccaneers Great Evans Will Play Elsewhere in 2026
Gillings AI and Public Health Showcase and Datathon - UNC Gillings School of Global Public Health
The datathon is open to all at UNC and beyond. Because the event is on-campus and in-person, we expect the greatest number of participants to be UNC faculty, staff, researchers,... Read more »
Amazon is selling a 2-in-1 laptop and tablet for just $70
Shoppers say "the functionality is great."
16 Best Trader Joe's Sides And Snacks For The Ultimate Super Bowl Party
You need not worry about planning a Super Bowl party if you have a Trader Joe's nearby, as these 16 snacks and sides all make great additions to your spread.
Rebuffed Burnham can return to honing his stature and attack lines
Greater Manchester mayor will not be tested in tough byelection or against PM for now, but can continue to pose speculative threat
Leader in smallpox eradication, Dr. William Foege, dies at 89
Dr. William Foege, a leader of one of humanity's greatest public health victories — the global eradication of smallpox — has died.
Bill panned as 'major red flag' for health of Great Salt Lake advances in House committee
Republican lawmakers say a new bill would bring more water to the Great Salt Lake, but water advocates warn it could harm the struggling ecosystem.
Michael Smolens: San Diego life science industry still faces ‘headwinds,’ despite reversal of Trump cuts
Biocom CEO says congressional budget action is “encouraging” but great uncertainty still exists in the science world.
The NFC championship game could be the greatest NFL playoff matchup of all time
According to the advanced metric DVOA, this the best game between two playoff teams of the last 47 years.
In the post-Caitlin Clark era, Iowa finds a different winning formula
There's life after Caitlin Clark as Jan Jensen has the Iowa women's basketball team contending in the Big Ten again. This time with great post play.
William H. Foege, Key Figure in the Eradication of Smallpox, Dies at 89
His containment strategy helped wipe out the disease in the 1970s, one of the world’s greatest public health triumphs. He also led the C.D.C. and promoted childhood vaccination worldwide.
TBL@CBJ: Johansson with a great save against Charlie Coyle
Ubisoft Has Reportedly Killed One of Its Biggest Franchises for Good
Ubisoft has reportedly killed one of its biggest franchises for good, only a decade after it debuted with great promise on PS4 and Xbox One.
📈 Mbappé eclipses Haaland with opener against Villarreal
In what could be the next great goalscoring rivalry on the continent, Real Madrid and France superstar Kylian Mbappé has just taken the upper hand with his latest goal for Los Blancos. The post-Alons...
Leicester City? Texas Western? A search for Indiana football's best cross-sport comparison
Was Indiana's title the greatest story in sports history? There might never be an objective answer, but we polled our experts for comparable arguments in other sports.
Trump endorses Spartz, other Indiana members of Congress for re-election. Here's who else
"Congressman Jim Baird is a Tremendous Champion for the Great People of Indiana’s 4th Congressional District!," Trump wrote.
Legislative Days: A fruitful week for Citrus County
'The trip to Tallahassee for Legislative Days was a great opportunity to showcase Citrus County.'
The Problem With That ‘Great Healthcare Plan’
This month, as Americans who rely on Affordable Care Act plans opened their first bills of 2026 and experienced sticker shock, President Donald Trump began pitching them on an alternative: his “Great Healthcare Plan,” which would shift government support away from subsidizing insurance coverage toward putting money directly into accounts that consumers can use to pay for care.
World is entering time of ‘great power politics’, warns German chancellor
Friedrich Merz says global order changing at ‘breathtaking pace’ and urges leaders in Davos not to accept new reality
Gilt Yields Rise, Sterling Falls as Political Uncertainty Resurfaces in U.K.
A local district election could usher in the return of Andy Burnham, reports suggested, providing a route back to parliament for the current mayor of Greater Manchester, seen as a figurehead for those on the left of the ruling Labour Party.
This Week in Jacksonville: Business Edition - How the city’s growth hinges on street design
Victor Dover - co-founder and principal of Dover Kohl & Partners and keynote speaker for Scenic Jacksonville’s Sixth Annual Great Cities Symposium (Feb. 5) - joins Kent Justice to discuss how cities can grow in ways that strengthen quality of life and long-term economic competitiveness. Dover argues that communities aren’t just recruiting businesses; they’re recruiting people—and the experience “outside between buildings” can be a deciding factor for talent, investment, and lasting prosperity.
Alarm as US mulls prioritising citizens in research funding
A senior White House official said the Trump administration is considering ways to prioritise research funding to American citizens, triggering alarm in the research community that the country could destroy its century-long status as a magnet for overseas talent.Michael Kratsios, director of the White House Office of Science and Technology Policy (OSTP), said last week that it is “important for us to continue to emphasise the use of federal R&D dollars towards American scientists and technologists that are staffed by Americans in their labs.” Asked about support for Chinese students during a Congressional hearing, Kratsios went on to say that in future funding announcements, the OSTP would “emphasise” that “we're funding American students.”The precise meaning of his impromptu comments, and what they could mean in policy terms, isn’t yet clear. The OSTP did not respond to multiple requests for clarification from Science|Business.But given that US science and technology has relied on overseas talent for the past century, Kratsios’s words have alarmed former US science officials.Immigrants have made up around 30-40% of US Nobel Prize winners since the 1940s, for example. Except for some sensitive projects, countries typically grant research funding on a nationality-blind basis, lest they deter foreign scientists from immigrating. “If director Kratsios’s statements are taken literally and become official policy of the White House, [research-intensive] universities will likely have to close labs if not entire research divisions,” said David Biggs, a former science and technology official in the US State Department. In their most extreme interpretation, Kratsios’s comments would imply that foreign scientists established in the US would see access to funding curtailed. This would “result in many world-leading professors who work in the United States in fields that this administration considers a priority (like fusion energy, artificial intelligence, and quantum computing) leaving the country,” said Cole Donovan, a former US science diplomat, and now associate director at the Federation of American Scientists.CripplingHowever, given the context of the conversation, Kratsios may have been referring more narrowly to funding for doctoral or postdoctoral students. At the hearing, he said he wanted to see labs staffed by US citizens. But even this would have devastating consequences for the US science system, say former officials, because the country is so dependent on early-career foreign researchers. Recent statistics show that nearly half of those in the US with a PhD in science, technology, engineering or mathematics (STEM) are considered short-term visitors, or non-residents in the official terminology. If this included residents who are not yet citizens, the proportion would likely be even higher. “Foreign PhD students are really a significant and core part of the university STEM workforce, and postdocs is similarly large,” said Donovan. Preventing US-based academics from hiring them from overseas would be a serious blow, he said. “If it's the case that this administration intends to limit funding to labs staffed only with US citizens, the effect will be to cripple the American scientific enterprise,” said Chris Marcum, a former OSTP official. “To think that these researchers can simply be replaced is a pipe dream. The labs will close,” said Marcum. Go elsewhereAround half of US-trained postdocs are foreign-born, said Biggs. “If these top international students cannot get funding to do their research, or even if they hear that funding for foreign students has been greatly restricted and will be super competitive, they will no longer choose to study in the US and will go elsewhere.” It’s unclear for now if Kratsios’s comments will translate into a real policy shift. But they could add to turmoil in the US science system since Donald Trump took over as president one year ago. Related articlesNIH turmoil risks reciprocal EU-US access to health research fundingUS set to close office responsible for global science and technology dealsTrump halts new NIH grants to international health-research partnersSince then, nearly 8,000 grants at the National Institutes of Health and National Science Foundation have been frozen or terminated, Naturereports. Courts have overturned most of these cancellations, but the disruption caused remains significant. Both those agencies have also dished out around a quarter fewer grants this year than normal, the journal reported. International student enrolment is also down by 17%. The Trump administration also proposes to cut research budgets by around a third, although Congress may mollify the cuts.
Alarm over US plan to prioritise citizens in research funding
The US’s leading science official has said the country will focus its research spending on scientists with US citizenship, triggering alarm that the country could destroy its century-long status as a magnet for overseas talent.Michael Kratsios, director of the White House Office of Science and Technology Policy (OSTP), said last week that it is “important for us to continue to emphasise the use of federal R&D dollars towards American scientists and technologists that are staffed by Americans in their labs.” Asked about support for Chinese students during a Congressional hearing, Kratsios went on to say that in future funding announcements, the OSTP would “emphasise” that “we're funding American students.”Kratsios’s precise meaning, and what it could mean in policy terms, isn’t yet clear. The OSTP did not respond to multiple requests for clarification from Science|Business.But given that US science and technology has relied on overseas talent for the past century, Kratsios’s words have stunned former US science officials.Immigrants have made up around 30-40% of US Nobel Prize winners since the 1940s, for example. Except for some sensitive projects, countries typically grant research funding on a nationality-blind basis, lest they deter foreign scientists from immigrating. “If director Kratsios’s statements are taken literally and become official policy of the White House, [research-intensive] universities will likely have to close labs if not entire research divisions,” said David Biggs, a former science and technology official in the US State Department. In their most extreme interpretation, Kratsios’s comments would imply that foreign scientists established in the US would see access to funding curtailed. This would “result in many world-leading professors who work in the United States in fields that this administration considers a priority (like fusion energy, artificial intelligence, and quantum computing) leaving the country,” said Cole Donovan, a former US science diplomat, and now associate director at the Federation of American Scientists.CripplingHowever, given the context of the conversation, Kratsios may have been referring more narrowly to funding for doctoral or postdoctoral students. At the hearing, he said he wanted to see labs staffed by US citizens. But even this would have devastating consequences for the US science system, say former officials, because the country is so dependent on early-career foreign researchers. Recent statistics show that nearly half of those in the US with a PhD in science, technology, engineering or mathematics (STEM) are considered short-term visitors, or non-residents in the official terminology. If this included residents who are not yet citizens, the proportion would likely be even higher. “Foreign PhD students are really a significant and core part of the university STEM workforce, and postdocs is similarly large,” said Donovan. Preventing US-based academics from hiring them from overseas would be a serious blow, he said. “If it's the case that this administration intends to limit funding to labs staffed only with US citizens, the effect will be to cripple the American scientific enterprise,” said Chris Marcum, a former OSTP official. “To think that these researchers can simply be replaced is a pipe dream. The labs will close,” said Marcum. Go elsewhereAround half of US-trained postdocs are foreign-born, said Biggs. “If these top international students cannot get funding to do their research, or even if they hear that funding for foreign students has been greatly restricted and will be super competitive, they will no longer choose to study in the US and will go elsewhere.” It’s unclear for now if Kratsios’s comments will translate into a real policy shift. But they could add to turmoil in the US science system since Donald Trump took over as president one year ago. Since then, nearly 8,000 grants at the National Institutes of Health and National Science Foundation have been frozen or terminated, Naturereports. Courts have overturned most of these cancellations, but the disruption caused remains significant. Both those agencies have also dished out around a quarter fewer grants this year than normal, the journal reported. International student enrolment is also down by 17%. The Trump administration also proposes to cut research budgets by around a third, although Congress may mollify the cuts.
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