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Democrats unveil WA income tax on people earning over $1 million

Washington state Democrats unveiled a bill to tax residents earning over $1 million annually. Gov. Bob Ferguson has already pledged to sign it — with a condition.

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Feb 3 • 9:00 AM EST • Politics • seattletimes.com
Change is in the air for the Chicago Bears

The Bears have already undergone a few changes, and that’s before the flurry of free agency gets started.

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Feb 3 • 8:00 AM EST • Sports • windycitygridiron.com
Government shutdown could end today. Live updates

The House of Representatives is readying a vote on a government funding package to end the partial shutdown over DHS reforms.

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Feb 3 • 6:31 AM EST • Politics • usatoday.com
Super Bowl LX: Patriots, Seahawks ready for 'identity war'

Coach Mike Vrabel expects an "identity war" when his New England Patriots meet the Seattle Seahawks on Sunday in Super Bowl LX, he said Monday.

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Feb 3 • 1:23 AM EST • Sports • upi.com
Vikings DL Coach Marcus Dixon to Join Dallas Cowboys

But his replacement is already here

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Feb 2 • 10:39 PM EST • Sports • dailynorseman.com
Opinion | How a Conservative Texas District Rejected the Politics of Division

Many Americans are growing both exhausted and frightened by Trump’s scorched-earth, hyperpartisan, fire-ready-aim approach to the presidency.

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Feb 2 • 4:21 PM EST • Politics • nytimes.com
Legacy Lawns Begins With a Question: What Happens to a Great Business When the Founder Is Ready to Step Back?

National Lawn Care Platform Launches to Preserve Legacy Businesses Through People-First PartnershipsGAINESVILLE, Ga., Feb. 02, 2026 (GLOBE NEWSWIRE) -- For most lawn care owners, the business isn’t just a company. It’s years of early mornings, customer relationships built one yard at a time, employees who became family, and a reputation earned slowly through consistency and care. But when it’s time to retire, step back, or simply breathe again, the question becomes painfully simple: Who will pro

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Feb 2 • 1:53 PM EST • Business • finance.yahoo.com
Jelly Roll Says He’s ‘Disconnected’ From Politics, But Will Be Ready to Speak Out ‘Soon’

Jelly Roll said he was largely 'disconnected' from what's going on in America, but planned to speak out 'soon,' after winning a Grammy last night.

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Feb 2 • 12:30 PM EST • Politics • rollingstone.com
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Vanderbilt Health acquires Tennova’s Clarksville hospital and related physician clinics from Community Health Systems

Leaders with Vanderbilt Health announced today completion of the acquisition of Tennova Healthcare-Clarksville Hospital and freestanding emergency room Tennova ER-Sango, along with the hospital’s related businesses, including physician clinics and outpatient services, from Community Health Systems Inc. (CHS). Vanderbilt Health has held a 20% minority interest in these operations since 2021. Under Vanderbilt Health’s ownership, the 270-bed hospital will be named Vanderbilt Clarksville Hospital (VCH) while the freestanding Sango ER will be named Vanderbilt Emergency Sango. Also joining the Vanderbilt Health system through the acquisition are physician practice locations in Clarksville, Dover, Pleasant View and Tiny Town offering, depending on location, orthopaedics, primary care, wound care, digestive health, urology and surgical services. Acquisition of the hospital and its related physician practices expands Vanderbilt Health’s ability to serve patients across the region, supporting its ability to provide high-quality care in more convenient, community settings that are also more cost-effective. “We are thrilled to welcome Vanderbilt Clarksville Hospital into our health system. Providing exceptional care close to home is invaluable, and we are eager to serve the citizens of Clarksville and Montgomery County by expanding the hospital’s programs and services,” said Jeff Balser, MD, PhD, President and CEO of Vanderbilt Health and Dean of Vanderbilt University School of Medicine. This acquisition marks Vanderbilt Health’s fourth regional hospital expansion, further strengthening its presence across Middle Tennessee beyond its already extensive inpatient and ambulatory services in Nashville. VCH joins Vanderbilt Health’s network of regional medical centers that now include Vanderbilt Wilson County Hospital in Lebanon, Vanderbilt Tullahoma-Harton Hospital in Coffee County, and Vanderbilt Bedford Hospital in Shelbyville. With a strong record of growth and investment in people, programs and services for its regional hospitals, residents of Clarksville, Montgomery County and the surrounding region can expect that Vanderbilt Health will bring a host of adult and pediatric services to the area. Initial plans for VCH over the upcoming year include increased staffing for the hospital’s emergency services, including the addition of pediatric emergency medicine specialists with Monroe Carell Jr. Children’s Hospital at Vanderbilt, along with increased surgical specialty offerings. Longer term, physicians and staff will be recruited to bring a broader array of adult and pediatric specialty services to the community. “I am delighted to welcome the physicians, nurses and staff of Vanderbilt Clarksville Hospital into the Vanderbilt Health family and look forward to working closely with the hospital’s medical staff and members of the local health care community to ensure we excel at meeting their needs as caregivers as we pursue the goal of improving the health and wellbeing of the patients we serve,” said Jane Freedman, MD, Deputy Chief Executive Officer and Chief Health System Officer for Vanderbilt Health. Currently, VCH employs approximately 1,100 staff and more than 30 physicians. Through this acquisition Vanderbilt Health has committed to hire substantially all current employees who are in good standing. Services already established by Vanderbilt Health at VCH include an OB-GYN hospitalist program, an array of oncology services provided by a multidisciplinary team with Vanderbilt-Ingram Cancer Center, and neonatal care in the hospital’s Level II Neonatal Intensive Care Unit provided by specialists with Monroe Carell. VCH has been designated as an Accredited Chest Pain Center and a Wound Care Center of Distinction and has earned the Gold Seal of Approval from The Joint Commission. More information about Vanderbilt Clarksville Hospital is available at: vanderbilthealth.com/hospital/vanderbilt-clarksville-hospital

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Feb 2 • 7:51 AM EST • Health • news.vumc.org
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Brand-New Hit PS5 Exclusive Game Already on Sale on PS Store

A brand-new, acclaimed PS5 console exclusive adventure game is on sale on the PS Store, offering players a limited-time launch discount.

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Feb 2 • 7:36 AM EST • Technology • playstationlifestyle.net
Expected rise in uninsured Ohioans could signal new stress for providers, poorer public health

Expiration of enhanced tax credits that helped hundreds of thousands of Ohioans afford health insurance has the health care industry bracing for new stress on already-challenged resources and a long-term decline in public health.

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Feb 2 • 5:30 AM EST • Health • cleveland.com
Most Baltimore County teachers are ready to teach science of reading. What about yours?

The phonics-forward method backed by brain science is what education leaders hope will bring Maryland back to its heyday.

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Feb 2 • 5:30 AM EST • Science • thebanner.com
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Indie critical darling Cairn climbs Steam charts, reaches 200k copies sold on PC and PS5 in first weekend

Mountain-climbing indie game Cairn has already sold over 200,000 copies across PC and PS5, studio The Game Bakers has announced.

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Feb 2 • 5:22 AM EST • Technology • eurogamer.net
Cuba denies security threat accusations as US raises pressure

Havana says it is ready for 'constructive engagement' with Washington as White House moves to choke off oil supplies.

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Feb 2 • 3:38 AM EST • Politics • aljazeera.com
Intesa Sanpaolo presents its 2026–2029 Business Plan: scaling a proven model with sustainable profitability and strong capital returns

MILAN, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Intesa Sanpaolo unveiled its 2026–2029 Business Plan, setting out a strategy built on businesses already in place, investments already made and a proven operating model. The Plan targets a sustainable ROE >20%, confirms the Group’s Zero-NPL profile and is underpinned by a technology- and fee-driven business model. It is designed to be delivered with no execution risk, supported by Intesa Sanpaolo’s long-standing ability to extract intragroup synergies. Ov

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Feb 2 • 3:26 AM EST • Business • finance.yahoo.com
SA ready to host AFCON 2028, will be about 'fair play'

South African sports, arts & culture minister Gayton McKenzie told ESPN that his country seeks to host the Africa Cup of Nations (AFCON) 2028, and emphasised that he wanted the tournament to be remembered as one of "fair play".

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Feb 2 • 2:20 AM EST • Sports • espn.com
Watch: Titans' Xavier Restrepo put in offseason work

Tennessee Titans wide receiver Xavier Restrepo hasn't taken much time off and is already working toward 2026.

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Feb 2 • 2:09 AM EST • Sports • titanswire.usatoday.com
Celtics’ Joe Mazzulla Reveals Plan For NBA Trade Deadline

The NBA Trade Deadline is coming up on Feb. 5, and players are already starting to change teams. The Boston Celtics are in an interesting position this year. While they were expected to be deadline sellers coming into the season, they’ve wildly surpassed expectations, going 31-18 and ranking second in net rating. Accordingly, the Celtics […]

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Feb 2 • 1:22 AM EST • Sports • sports.yahoo.com
West Hartford Business Buzz: February 2, 2026 - We-Ha

A round-up of openings, closings, and other news about West Hartford businesses. Business Buzz is sponsored by NBT Bank, and we are very thankful for their support! By Ronni Newton Today is Groundhog Day, and although it already seems (to me) like winter has lasted way too long, I'm sure that Punxsutawney

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Feb 2 • 12:02 AM EST • Business • we-ha.com
A tiny light trap could unlock million qubit quantum computers

A new light-based breakthrough could help quantum computers finally scale up. Stanford researchers created miniature optical cavities that efficiently collect light from individual atoms, allowing many qubits to be read at once. The team has already demonstrated working arrays with dozens and even hundreds of cavities. The approach could eventually support massive quantum networks with millions of qubits.

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Feb 1 • 7:00 PM EST • Science • sciencedaily.com
Apple is already thinking about its second foldable iPhone, and it may be a clamshell

Bloomberg's Mark Gurman reported that Apple is already looking into a clamshell-style foldable iPhone to follow up on its first.

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Feb 1 • 3:23 PM EST • Technology • engadget.com
Pokémon GO Events This Week: February 2 to February 8, 2026

Pokémon GO’s February 2 to February 8 week has us entering the final month of Precious Paths! Get ready for carnival with the debut of Flamigo, and show off your catching skills with Oricorio. Plus the weekly rotating Spotlight and Raid Hours, Dynamax Battles and Mega Raids. ⭐Highlights Raid Boss Change (February 4): Dialga, Palkia and […]

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Feb 1 • 12:36 PM EST • Technology • pokemongohub.net
Patriots’ Offensive Line Has Already Made Super Bowl History

When New England Patriots rookies Will Campbell and Jared Wilson take the field for the Pats’ first offensive series in Super Bowl LX, they’ll have made history. That’s because the Patriots are about to become the first team to start two rookies in the offensive line in a Super Bowl. Both guys have been awesome […]

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Feb 1 • 11:00 AM EST • Sports • sports.yahoo.com
60 mind-blowing stats from 2025 NFL season: From Phillip Rivers to Cam Little and more

Get ready to take some Tylenol because your head is about to explode from all of these insane stats

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Feb 1 • 7:00 AM EST • Sports • cbssports.com
All the ways Elon Inc. is already intertwined

The five companies led by Elon Musk have increasingly become intertwined, even before Tesla's $2 billion investment in xAI or merger chatter.

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Feb 1 • 5:00 AM EST • Business • businessinsider.com
Why Opportunity, Not Entitlement, Will Define Alabama Football's Next Team

Forget entitlement. Alabama's evolving team thrives on earned opportunity, where hunger, not hype, fuels players ready to seize their chance and prove their worth.

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Feb 1 • 12:59 AM EST • Sports • roundtable.io
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IRS proposes using NAICS to determine lines of business for certain fringe benefit exclusions

The North American Industry Classification System, already in use for other tax purposes, replaces a specified manual that has not been updated since 1974.

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Jan 31 • 7:00 PM EST • Business • thetaxadviser.com
Security Bite: X going open-source is bad news for anonymous alt accounts

9to5Mac Security Bite is exclusively brought to you by Mosyle, the only Apple Unified Platform. Making Apple devices work-ready and enterprise-safe is...

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Jan 31 • 5:48 PM EST • Technology • 9to5mac.com
Ayaneo's Pocket S Mini has the perfect aspect ratio for revisiting classic console games

The Pocket S Mini is already available on Ayaneo's website and currently starts at $319.

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Jan 31 • 3:39 PM EST • Technology • engadget.com
A US House special election in Texas will narrow the GOP majority even further

Voters on Saturday will select one of two Democrats in a runoff election to fill a vacant US House seat, further narrowing Speaker Mike Johnson’s already razor-thin Republican majority.

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Jan 31 • 5:00 AM EST • Politics • cnn.com
What's the point of going back to the moon?

Artemis II is set to blast off to the moon in early February with four astronauts, including the Canadian Space Agency's Jeremy Hansen. But we've already been to the moon, so why are we going back? Do we get any benefits here on Earth?

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Jan 31 • 4:00 AM EST • Science • cbc.ca
San Francisco businesses prepare for influx of customers in Super Bowl week

The excitement is building across the Bay Area as Super Bowl week gets ready to kickoff in a matter of days.

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Jan 31 • 2:22 AM EST • Business • nbcbayarea.com
Veteran goalie James Reimer to lead Senators vs. Devils

The Ottawa Senators were in dire straits when it came to their goaltending situation. Starter Linus Ullmark recently stepped away to deal with some mental issues, and young backup Leevi Merilainen wasn't ready to replace him.

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Jan 30 • 8:59 PM EST • Sports • cbssports.com
Upstart San Jose Mayor Matt Mahan joins California governor's race

San Jose Mayor Matt Mahan, a political upstart, and sometimes Newsom critic, enters his name into an already crowded fielid for California governor.

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Jan 30 • 2:33 PM EST • Politics • usatoday.com
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Super Bowl 2026 Props Guide: Odds, picks, trends and more

Get all the info you need to get ready for Patriots vs. Seahawks from a betting perspective

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Jan 30 • 1:29 PM EST • Sports • cbssports.com
Congestion Ahead! Super Bowl Prop Wagers Driving Major Traffic at Books

Bettors are already whetting their appetites with Super Bowl prop wagers. Find out where they're putting their money well before kick off.

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Jan 30 • 9:55 AM EST • Sports • foxsports.com
Chicago health officials warn of meningitis outbreak, 2 deaths already reported
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Jan 30 • 9:25 AM EST • Health • cbsnews.com
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Google's 'Project Genie' Is Basically A Huge Plagiarism Tool, So When Will Nintendo's Legal Ninjas Strike?

...or have they been in touch already?

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Jan 30 • 8:45 AM EST • Technology • nintendolife.com
Canon Fodder: Parasite’s Cake

Welcome back to ye ol’ Canon Fodder in 2026, a year of rather significant proportions as Halo will be celebrating its twenty-fifth anniversary. A whole quarter of a century—our very own and very first quadranscentennial! Indeed, it has already been over a month since Halo: Edge of Dawn released, and the latest novel from Kelly […]

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Jan 30 • 8:29 AM EST • Technology • halowaypoint.com
'Not a typical heavyweight' - Osadolor set for debut

Heavyweight boxer Derrick Osadolor says that he is "ready to showcase" his skills on Saturday when he makes his professional debut on the BBC.

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Jan 30 • 7:35 AM EST • Sports • bbc.com
Here’s how Baton Rouge’s casinos fared in December

After two strong months in October and November, Baton Rouge’s casinos continued their upward trajectory in December. Collectively, the casinos posted $25.7 million in revenue for December, u… Already an INSIDER? Sign in. Already an INSIDER? Sign in

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Jan 30 • 7:10 AM EST • Business • businessreport.com
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Dallas County grapples with mixed signals on federal mental health funding

The White House administration notified mental health and substance abuse and addiction provider organizations nationwide that by executive order, $2 billion in already awarded federal funding would be taken back.

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Jan 30 • 5:58 AM EST • Health • keranews.org
Leaked Intel Core Ultra 7 356H Benchmark Scores Reveal Middling Gains

Intel's Core Ultra 356H is an upcoming 16-core (4 P-cores, 12 E-cores) mobile Panther Lake CPU. Although official review embargoes for the rest of Intel's Panther Lake CPUs are said to be right around the corner, supposed performance benchmarks for Intel's latest have already started to leak, with C...

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Jan 29 • 11:10 PM EST • Technology • techpowerup.com
Joint Commission partners with STS, ACC on new cardiac care certification

The new certification is intended to focus on the importance of high-quality care and real-world patient outcomes. It will be based on the same data care teams already submit if they participate in the STS Adult Cardiac Surgery Database, ACC CathPCI Registry or STS/ACC TVT Registry.

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Jan 29 • 4:00 PM EST • Business • cardiovascularbusiness.com
Circus and Mardi Gras-themed stage shows are coming to New Orleans theaters this week

Get ready for a thrilling week of theatrical performances in New Orleans, from the Carnival spirit in "And the Ball and All" to the circus magic of "Water for Elephants."

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Jan 29 • 11:00 AM EST • Entertainment • nola.com
Fighting for Stronger Political Transparency | IFES - The International Foundation for Electoral Systems

We stand ready to support all actors in strengthening the integrity of political finance around the world.

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Jan 29 • 10:00 AM EST • Politics • ifes.org
San José Mayor Matt Mahan, a Newsom critic and political moderate, is running to become California's next governor

San José Mayor Matt Mahan announced he is running for California governor, joining an already crowded field.

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Jan 29 • 9:00 AM EST • Politics • latimes.com
AppLovin's ad tech business could steal Amazon's lunch

Wall Street remains wary of the black box behind AppLovin's AI, but early data suggest its e-commerce pivot is already eating into Amazon's territory.

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Jan 29 • 8:00 AM EST • Business • finance.yahoo.com
Iconic sports bar in Palo Alto reopens and prepares for the Super Bowl

Businesses are getting ready for big crowds and watch parties; that includes an iconic spot in Palo Alto that just reopened in time for the Super Bowl.

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Jan 29 • 2:22 AM EST • Sports • nbcbayarea.com
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Analysis: Why the Minnesota deportation impasse will be so hard to solve

What happens now that the tough Minnesota deportation crackdown has turned tragic depends on whether President Donald Trump concludes he simply has an optics problem or whether he’s ready to make genuine changes to unpopular hardline policies that are central to his political identity.

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Jan 29 • 12:00 AM EST • Politics • cnn.com
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The President Sees Iran as a Gas Station with a Flag

Get ready—Trump is going to be talking about the country for a while to cover for the fact that he’s backed down on Greenland and Minneapolis.

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Jan 28 • 9:19 PM EST • Politics • esquire.com
U.S. health officials monitor deadly virus

Authorities in India have confirmed two cases of nipah virus, often carried by fruit bats. The CDC says it is monitoring the situation and stands ready to assist as needed. NBC News’ Raf Sanchez has more.

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Jan 28 • 6:47 PM EST • Health • nbcnews.com
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ASNC says PET is now the preferred nuclear imaging test for CAD

Which imaging modality is better for evaluating heart patients, PET or SPECT? After years of discussions and debates, the American Society of Nuclear Cardiology is now ready to point to PET as the No. 1 choice. “There are no clinical scenarios or patient subgroups where cardiac PET with myocardial blood flow should be excluded," the group wrote.

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Jan 28 • 5:35 PM EST • Business • cardiovascularbusiness.com
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

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Jan 28 • 4:10 PM EST • Business • businessreport.com
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Giannis Antetokounmpo trade rumors: Bucks listening on deals for star

Giannis Antetokounmpo has indicated he's ready to move on from the Bucks, and Milwaukee is reportedly willing to listen to offers. Here's the latest.

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Jan 28 • 12:29 PM EST • Sports • usatoday.com
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AMD Ryzen 7 9850X3D Review - The Best Just Got Better

The AMD Ryzen 9850X3D builds on the already excellent 9800X3D without trying to shake up the market. Instead, it focuses on refining what already works. AMD delivers modest improvements with smarter tuning, and the same cache magic that gamers love. Thanks to a reasonable price increase, this processor will be a no-brainer pick for future high-end gaming rigs.

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Jan 28 • 9:56 AM EST • Technology • techpowerup.com
OpenAI digs in on a fundamental disconnect in new research: AI is ready for primetime, many businesses aren't

The real challenge isn't building better AI—it's actually using it.

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Jan 28 • 7:52 AM EST • Business • fortune.com
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

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Jan 28 • 6:00 AM EST • Politics • gjia.georgetown.edu
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IndyCar rookie ready for teammate to 'fight with well,' but comfortable in himself

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Jan 28 • 4:20 AM EST • Sports • indystar.com
What will Daronte Jones' defensive scheme look like with Commanders?

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Jan 27 • 10:11 PM EST • Business • cbsaustin.com
Moto G17, Moto G77, and Motorola Edge 70 Fusion prices leak

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Scientists Push for More Ambitious Climate Targets

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Jan 27 • 5:00 AM EST • Science • insideclimatenews.org
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Jan 26 • 10:20 PM EST • Sports • cbssports.com
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Steelers Reporter Points Out Coaching Staff Ties To Mike McCarthy

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Jan 26 • 9:15 PM EST • Sports • sports.yahoo.com
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Jan 26 • 7:38 PM EST • Business • yahoo.com
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Jan 26 • 2:06 PM EST • Entertainment • yahoo.com
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Jan 26 • 11:16 AM EST • Technology • wccftech.com
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Jan 26 • 10:36 AM EST • Business • businessreport.com
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Jan 26 • 9:19 AM EST • Technology • 9to5mac.com
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Jan 26 • 7:45 AM EST • Science • dailygalaxy.com
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Jan 26 • 7:00 AM EST • Technology • arcraiders.com
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Jan 25 • 4:52 PM EST • Science • summitdaily.com
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49ers lose another defensive coach to Titans

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Jan 25 • 1:23 PM EST • Sports • ninerswire.usatoday.com
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LIST: Businesses, churches announce closures due to major winter storm

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Jan 25 • 11:59 AM EST • Business • wlwt.com
Inside Apple’s AI Shake-Up and Its Plans for Two New Versions of Siri

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Jan 25 • 8:00 AM EST • Technology • bloomberg.com
Baltimore Ravens Legend Speaks on Potentially Playing With Pittsburgh Steelers

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Jan 24 • 9:59 PM EST • Sports • roundtable.io
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Jan 24 • 11:42 AM EST • Entertainment • commercialappeal.com
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Samsung Galaxy S26 without 128GB model: EU retailer leaks all 30 colors and storage options in Europe

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Jan 24 • 11:30 AM EST • Technology • notebookcheck.net
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Jan 24 • 8:30 AM EST • Sports • cincyjungle.com
Seahawks mania hits Chinatown-International District and businesses are ready
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Jan 23 • 9:25 PM EST • Health • abc30.com
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Jan 23 • 8:28 PM EST • Sports • sports.yahoo.com
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Jan 23 • 6:18 PM EST • Health • essentiallysports.com
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Stingray-inspired robot cracks the mystery of how rays swim

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Jan 23 • 4:35 PM EST • Science • popsci.com
It sounds like something out of a science fiction series, but it's real: at just 15 years old, Laurent Simons has already completed a PhD and is now researching how to defeat aging with artificial intelligence

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The 10 Priciest Cards From Magic’s New Lorwyn Eclipsed Set That I'm Already Chasing

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Jan 23 • 1:00 PM EST • Technology • ign.com
iOS 27 sounds like exactly what the iPhone needs right now

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Jan 23 • 11:25 AM EST • Business • businessinsider.com
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Jan 23 • 11:02 AM EST • Sports • cbssports.com
Microsoft 365 outage drags on for nearly 10 hours during bad night for North American infra

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Jan 23 • 6:10 AM EST • Technology • theregister.com
Patriots defense ready for anything against Broncos’ new-look offense

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Jan 23 • 6:00 AM EST • Sports • patspulpit.com
Titans' Robert Saleh already making changes to his coaching staff

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Jan 23 • 5:08 AM EST • Sports • titanswire.usatoday.com
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Sunburn — The morning read of what’s hot in Florida politics

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Jan 23 • 4:00 AM EST • Politics • floridapolitics.com
See Flint-area school, business closings for Friday, Jan. 23

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Jan 22 • 4:48 PM EST • Business • mlive.com
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Jan 22 • 1:24 PM EST • Sports • acmepackingcompany.com
AI and robots can already help with medical care, Dr. Oz says

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Jan 22 • 11:14 AM EST • Health • axios.com
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