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Joint statement on the renewed Quadripartite Memorandum of Understanding regarding cooperation on One Health until 2030

Through the renewal of the Memorandum of Understanding (MoU) on One Health, the Food and Agriculture Organization of the United Nations (FAO), the United Nations Environment Programme (UNEP), the World Health Organization (WHO), and the World Organisation for Animal Health (WOAH) reaffirm their shared commitment to advancing the implementation of the One Health approach.

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Feb 2 • 7:00 PM EST • Health • who.int
Dundalk family says grandmother was wrongly declared dead, cutting off health coverage

A Dundalk family said a startling error in Maryland’s Medicaid system left their elderly loved one without health coverage for weeks after the state mistakenly

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Feb 2 • 6:43 PM EST • Health • foxbaltimore.com
Nicki Minaj says Trump bullying pushed her into politics as MAGA supporter

Since aligning herself with the Trump administration, Minaj has garnered blow back from prominent voices in the entertainment industry.

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Feb 2 • 4:57 PM EST • Politics • thenationaldesk.com
Sources: 5 teams to leave Main Street, join MLB

At least five teams are expected to leave their regional sports network, Main Street Sports, and join Major League Baseball, essentially shedding their once-lucrative local-media contracts, sources told ESPN on Monday. More are expected to follow.

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Feb 2 • 4:33 PM EST • Sports • espn.com
Republicans can’t stop doing the one thing they should fear most

The Supreme Court is the GOP’s most durable power center. It makes no sense for them to endanger that source of power.

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Feb 2 • 3:15 PM EST • Politics • vox.com
State Health Secretary: Measles outbreak serves as reminder about how contagious virus is

Washington state is seeing its first measles outbreak in years.And state health leaders say it's an important reminder about just how contagious the virus can

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Feb 2 • 1:49 PM EST • Health • komonews.com
Two GCPS Students named Regeneron Science Scholars

Two Gwinnett County Public Schools (GCPS) students have been named 2026 Regeneron Science Talent Search Scholars.

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Feb 2 • 12:00 PM EST • Science • gcpsk12.org
Broncos officially interviewed Davis Webb for their offensive coordinator position

According to the Denver Gazette’s Chris Tomasson, the Denver Broncos officially interviewed pass game coordinator/quarterbacks coach Davis Webb for their vacant offensive coordinator position. Tomasson adds that sources have told him that Webb is the leading candidate for the job. The Broncos surprisingly fired offensive coordinator Joe Lombardi last week after head coach Sean Payton […]

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Feb 2 • 10:12 AM EST • Sports • milehighreport.com
I tried a Claude Code alternative that's local, open source, and completely free

I was curious if Block's Goose agent, paired with Ollama and the Qwen3-coder model, could really replace Claude Code. Here's how I got started.

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Feb 2 • 9:30 AM EST • Technology • zdnet.com
Columbia college features new pitch competition at 7th annual B.L.A.C.K Business Expo

Columbia College, Saturday, in partnership with the James and Anelle Whitt Entrepreneurial Development Foundation, held the seventh annual B.L.A.C.K or Business

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Feb 2 • 9:06 AM EST • Business • krcgtv.com
Open for Business: Orange County Launches New Business Resource Office

Small business owners and entrepreneurs now have access to a new Orange County resource hub connecting them with programs, tools, financial assistance and training to help them grow and succeed.

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Feb 2 • 9:00 AM EST • Business • newsroom.ocfl.net
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U.S. Bank Business Shield™ Visa® Card Offers Intro 0% APR for up to 18 Billing Cycles

New business credit card offers rewards and access to Spend Management platform to monitor, track, and control spending U.S. Bank, a leading provider of payment services and solutions, today announced a new business credit card designed to help small business owners navigate fluctuations in finances and resources: the U.S. Bank Business Shield™ Visa® Card . The U.S. Bank Business Shield™ Visa® Card offers small business owners a new solution for navigating expected and unexpected expenses. This new business credit card offers a 0% introductory APR on purchases and balance transfers for 18 billing cycles when applying at any U.S. Bank branch and 12 billing cycles when applying in digital channels – all with no annual fee. Plus, cardholders can enjoy a suite of benefits to help navigate the foreseen - and the unforeseen - needs of their small business. “The Business Shield Visa card is designed to help business owners navigate the unpredictable financial and resource challenges that

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Feb 2 • 7:00 AM EST • Business • ir.usbank.com
Justice Department expected to ramp up efforts to deliver on Trump’s ‘weaponization’ priorities

Justice Department officials are expected to meet Monday to discuss how to reenergize probes that are considered a top priority for President Donald Trump — reviewing the actions of officials who investigated him, according to a source familiar with the plan.

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Feb 2 • 6:00 AM EST • Politics • cnn.com
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
Synspective CEO on Business Outlook

Motoyuki Arai, Founder and CEO of Tokyo-based space technology firm Synspective, discusses his company's business and growth outlook, and addresses the global demand for satellite technology. He speaks exclusively with Avril Hong on the sidelines of the Singapore Space Summit on "Bloomberg: The Asia Trade". (Source: Bloomberg)

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Feb 1 • 11:49 PM EST • Business • bloomberg.com
Hundreds attend South Bend mental health event urging funding for crisis platform

Hundreds from the St. Joseph County community gathered at the Islamic Society of Michiana's Community Hall in South Bend on Sunday to celebrate the community's

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Feb 1 • 10:35 PM EST • Health • wsbt.com
Las Vegas health center extends hours amid flu and respiratory virus surge

The Spring Valley ArchWell Health location in Las Vegas is extending its operating hours to include Saturdays from 9 a.m. to 1 p.m. through the end of March.Th

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Feb 1 • 8:31 PM EST • Health • news3lv.com
Thieves steal $50K+ of Seattle Seahawks merch during sports store heist

Masked thieves made off with more than $50,000 in Seattle Seahawks merchandise during an early morning heist at a sports store near Lumen Field.According to th

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Feb 1 • 6:40 PM EST • Sports • komonews.com
49ers hire Raheem Morris as defensive coordinator, AP source says

The San Francisco 49ers are hiring former Atlanta Falcons head coach Raheem Morris as their new defensive coordinator in hopes of finding a long-term solution to a revolving door at the spot. A person familiar with the decision said Sunday that Morris will join the Niners to replace Robert Saleh, who left San Francisco to take over as head coach for the Tennessee Titans.

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Feb 1 • 4:48 PM EST • Sports • sports.yahoo.com
Business and Government closings: February 2, 2026

MAIN CLOSINGS PAGE CLICK HEREETSU Health Clinics: Closed

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Feb 1 • 4:29 PM EST • Business • wcyb.com
Entrepreneurship summit connects business owners with essential resources

An entrepreneurship summit hosted by Ald. Milele Coggs featured workshops, vendors and speakers to help local entrepreneurs thrive.

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Feb 1 • 1:43 PM EST • Business • jsonline.com
After Sowing Distrust in Fluoridated Water, Kennedy and Skeptics Turn to Obstructing Other Fluoride Sources

Florida and Utah have banned fluoridation, with multiple other states looking to do the same. Critics of fluoride in drinking water point to supplements as an alternative, but many are creating barriers to these very products.

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Feb 1 • 8:00 AM EST • Health • propublica.org
Can Pakistan Contain the Violent Politics of Blasphemy?

The government’s ban on Tehreek-e-Labbaik reduced blasphemy violence but will take work to maintain.

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Feb 1 • 4:00 AM EST • Politics • lawfaremedia.org
Business school professors’ picks

Topical FT articles and suggested classroom questions

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Feb 1 • 1:14 AM EST • Business • ft.com
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School IB business management class: Carlsberg’s ‘core’ beer brands drop to less than half of sales for first time

Growth and evolution

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Feb 1 • 12:53 AM EST • Business • ft.com
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The Sports Bra, Sport Oregon team up to celebrate National Girls & Women in Sports Day

The Sports Bra and Sport Oregon are teaming up to celebrate National Girls & Women in Sports Day with an event centered on community, and more.

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Jan 31 • 9:58 PM EST • Sports • katu.com
Water line breaks disrupt small business in Weirton

A major water line break in downtown Weirton has left Blue Cat Coffee struggling with a lack of water pressure and discolored water.Owner Amber Cekus said, "We

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Jan 31 • 7:19 PM EST • Business • wtov9.com
Lake Shore Bank awards Small Business Recovery grant to WMH

WESTFIELD – Lake Shore Bank has awarded a $5,000 grant to the Westfield Memorial Hospital Foundation through the Federal Home Loan Bank of New York Small Business Recovery Grant Program, an initiative designed to support local organizations and economic resilience. The grant will help fund vital equipment, services and resources that benefit patients, families and…

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Jan 31 • 7:00 PM EST • Business • observertoday.com
Researchers pinpoint source of black hole's 3,000-light-year-long jet stream using enhanced telescope network

A new study has connected the famous m87 black hole, the first ever imaged, to its powerful cosmic jet, revealing how it launches particles at near light speed.

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Jan 31 • 6:26 PM EST • Science • foxnews.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
Shohei Ohtani WBC Announcement Will Give Dodgers Fans Relief

Los Angeles Dodgers fans no longer have to worry about Shohei Ohtani throwing out his arm during the upcoming World Baseball Classic. That’s because the world’s greatest player won’t be pitching in the WBC, as reported by multiple sources on Saturday. It is apparently Ohtani’s decision not to pitch in the tournament. Ohtani delivered another […]

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Jan 31 • 4:47 PM EST • Sports • sports.yahoo.com
House minority leader says Republicans can’t rely on Democrats to pass funding bill, raising fears of longer shutdown

House Minority Leader Hakeem Jeffries told Speaker Mike Johnson on Saturday that Democrats won’t help Republicans pass a funding bill to reopen the government if they attempt to fast-track the measure Monday, according to two sources familiar with a call between the leaders.

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Jan 31 • 4:36 PM EST • Politics • cnn.com
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Nevada Science Bowl to crown new champions for national competition

The 2026 Nevada Science Bowl took place on Jan. 31 at the College of Southern Nevada, North Las Vegas campus, featuring 24 teams from 20 high schools.Students

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Jan 31 • 3:05 PM EST • Science • news3lv.com
China Makes Major Advancements in Space Mining Technologies

China is making significant strides in space mining technologies, with a focus on extracting resources from asteroids and other minor planets.

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Jan 31 • 2:30 PM EST • Technology • dailygalaxy.com
New NKY clinic to offer cardiology, women’s health, labs and primary care under one roof

The Christ Hospital Health Network is expanding into Northern Kentucky with a new $16 million outpatient center.

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Jan 31 • 11:35 AM EST • Health • local12.com
Chicago Cubs news and notes

Cub Tracks - Your #1 source for #Cubs, #MLB, and #MiLB news.

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Jan 31 • 8:00 AM EST • Sports • bleedcubbieblue.com
Businesses fear blowback from Saudi-UAE rift

Emirates workers have had visas to the kingdom rejected since tensions erupted between the Gulf powerhouses

ft.com logo
Jan 31 • 6:00 AM EST • Business • ft.com
Video shows business door shattered after ICE agents detain two employees
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Jan 30 • 8:57 PM EST • Business • kutv.com
Venezuela’s Delcy Rodríguez announces amnesty for political prisoners

Move is a hopeful sign in repressive nation weeks after US toppled former leader Nicolás Maduro

ft.com logo
Jan 30 • 8:52 PM EST • Politics • ft.com
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Health officials confirm measles case, warn of possible exposure in Norman

The Oklahoma State Department of Health has confirmed a case of measles and is warning the public about a potential exposure in Cleveland County.Health official

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Jan 30 • 6:26 PM EST • Health • ktul.com
Oklahoma Health Department confirms measles case; possible exposure at Norman bar

The Oklahoma State Department of Health has confirmed a measles case in Cleveland County.According to OSDH, the individual visited Logie's on the Corner in Norm

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Jan 30 • 6:22 PM EST • Health • okcfox.com
I Treat Pregnant Moms. I’ve Never Seen So Much Anxiety.

As our government abandons science, pregnant women are increasingly turning to unvetted online resources to soothe their worries.

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Jan 30 • 7:22 AM EST • Health • thecut.com
Sources: Main Street Sports facing real possibility of liquidation

Unless 11th-hour financing can coerce its nine MLB teams to stay put, Main Street Sports Group could have little choice but to file for Chapter 7 and immediately liquidate its business next week

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Jan 30 • 6:19 AM EST • Sports • sportsbusinessjournal.com
Texas Health Resources buys naming rights for new Mansfield stadium

Texas Health Resources is the naming rights sponsor of Mansfield Stadium, the multi-use soccer stadium complex scheduled to open this summer. The 10-year...

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Jan 30 • 6:00 AM EST • Health • dallasnews.com
Legal battle over California's SB 1137 pits property rights against public health

BAKERSFIELD, Calif. (KBAK/KBFX) Senate Bill 1137, enacted in June 2024, has sparked a legal battle over its constitutionality.The bill establishes a 3,200-foot

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Jan 30 • 1:10 AM EST • Health • bakersfieldnow.com
According to sources, the Knicks are talking …
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Jan 29 • 11:46 PM EST • Sports • hoopshype.com
Ice and snow bring down downtown Benton business, CJ'z Downtown Billiards

A longtime downtown Benton business was destroyed after its building collapsed under the weight of ice and snow from last week’s winter storm, county officials

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Jan 29 • 8:08 PM EST • Business • katv.com
Scaling innovations in public health systems: guidance and toolkit

This guidance is a strategic instrument to position governments as drivers of health systems transformation. By embracing the roles, processes and strategies outlined herein, public sector leaders can move beyond short-term initiatives and isolated successes toward lasting, large-scale improvements in health outcomes.

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Jan 29 • 7:00 PM EST • Health • who.int
Testing the system: regional simulation exercises advance global health security

These exercises – South-East Asia Regional Practice of All-Hazard IHR Event Communications (SAPHIRE), Joint Assessment and Detection of Events (JADE) in the European Region, and IHR Exercise Crystal in the Western Pacific Region – bring together National Focal points (NFPs), who play a critical role under the IHR in safeguarding global health security. These annual exercises stress-test IHR event communication procedures and contingency plans, demonstrating a sustained commitment by countries to strengthening preparedness and learning.

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Jan 29 • 7:00 PM EST • Health • who.int
Communities unite to address stigma and discrimination affecting people with neglected tropical diseases

Marking World Neglected Tropical Diseases (NTDs) Day, the World Health Organization (WHO) warns that millions of people living with NTDs continue to face profound and often unseen suffering due to discrimination, social stigma and untreated mental health conditions. Under the rallying theme "Unite. Act. Eliminate.", WHO and partners urge governments to integrate mental health care into NTD elimination efforts, ensuring that no one is left behind in pain or isolation.

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Jan 29 • 7:00 PM EST • Health • who.int
M12's Cheng: Health Care One of The Fastest AI Adopters

Cheryl Cheng, managing partner at M12, Microsoft’s venture fund, says health care has shifted from being slow to adopt technology to becoming one of the fastest adopters of AI. She speaks with Romaine Bostick and Katie Greifeld on “The Close.” (Source: Bloomberg)

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Jan 29 • 6:13 PM EST • Health • bloomberg.com
Medical group challenges study on diversity in military healthcare, urges deeper analysis

A group of medical professionals known as Do No Harm is challenging the Frakes Gruber study.

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Jan 29 • 5:00 PM EST • Health • foxbaltimore.com
Jon Gosselin 'could have died' shortly before his wedding from common health emergency

“Jon & Kate Plus 8” star Jon Gosselin had a scary medical emergency shortly before his recent wedding to Stephanie Lebo last year.

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Jan 29 • 3:00 PM EST • Health • thenationaldesk.com
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Apple buys Israeli start-up Q.AI as it races Meta and Google on AI devices

Deal worth close to $2bn for secretive group that creates technology that analyses facial expressions

ft.com logo
Jan 29 • 12:32 PM EST • Technology • ft.com
Buncombe County officials hold public health briefing to address rise in measles

Buncombe County Public Health officials will hold a media briefing Thursday morning to update the community on measles in the county and state.

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Jan 29 • 10:56 AM EST • Health • wlos.com
Exclusive: UK’s Schroders discussed private capital tie-ups in growth push, sources say

Schroders has held ​high-level talks about potential tie-ups to speed up the growth of its private capital business, three people ‌familiar with the matter told Reuters, as the 222-year-old British asset manager seeks to gain scale.

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Jan 29 • 9:04 AM EST • Business • reuters.com
TPS Expiration Under Trump Hits Haitian Workers in Critical Health Care Roles

Haitians are a vital source of employees for health care providers in many communities. The Trump administration is removing legal status next month for 330,000 of them.

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Jan 29 • 5:00 AM EST • Health • nytimes.com
UToledo Provided Path for Senior to Discover His Passion for Environmental Science

Brett Polak’s work experience in the GUTS program and on campus led him to jobs with Toledo Metroparks and the Ohio Department of Natural Resources.

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Jan 29 • 3:00 AM EST • Science • news.utoledo.edu
Alibaba to merge with China's Zelos on $2 billion robovan business, WSJ reports

Alibaba's logistics arm plans to merge its autonomous-driving unit Cainiao with China's Zelos Technology, forming a new entity valued at approximately $2 billion, the Wall Street Journal reported on Thursday, citing sources familiar with the matter.

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Jan 29 • 1:44 AM EST • Business • reuters.com
'Let them sue us': Residents outraged over proposed mental health facility in Horry Co.

A town hall meeting turned heated as residents and mental health advocates debated the location of a proposed mental health facility.

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Jan 28 • 11:31 PM EST • Health • wpde.com
Talks intensify to avert shutdown as White House and Senate leaders eye last-ditch deal

The White House and Senate leaders are moving closer to a deal to avert a government shutdown but are seeking to resolve final sticking points in eleventh-hour negotiations ahead of Friday’s deadline, according to several sources familiar with the talks.

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Jan 28 • 11:21 PM EST • Politics • cnn.com
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Justice Department bracing for more resignations in Minnesota

The Justice Department is bracing for a new wave of resignations in the Minnesota federal prosecutors’ office over recent immigration enforcement efforts in the state, sources familiar with the matter said.

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Jan 28 • 10:25 PM EST • Politics • cnn.com
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Tri-County Community Health Coalition releases first unified health report in Fox Valley

With the Unified Health Report, organizations across the Fox Valley now have the same information on local health problems and can plan together.

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Jan 28 • 9:04 PM EST • Health • fox11online.com
Seattle restaurants show support to Minneapolis businesses amid protests and unrest

Seattle restaurants are banding together to show solidarity with businesses in Minneapolis, raising funds to support their counterparts.

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Jan 28 • 7:39 PM EST • Business • komonews.com
Business Coach Arnaud CZ Releases Free Course to Help Corporate Fathers Build Side Income Amid Rising Job Uncertainty

PRAGUE, CZECHIA, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Arnaud CZ, founder of the $100k Dad system, specializing in corporate-to-entrepreneur transit...

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Jan 28 • 7:23 PM EST • Business • markets.businessinsider.com
Blackstone's biggest hedge fund business returned 12% in 2025, sources say

Blackstone's biggest hedge fund platform, Absolute Return Composite (AR), returned nearly 12% last ​year, beating the benchmark HFRX Global Hedge Fund Index's 7.1% gain, two ‌people familiar with the numbers said on Wednesday.

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Jan 28 • 4:45 PM EST • Business • reuters.com
Legionella detected in North Oakland Health Center and the Resource and Crisis Center in Oakland County

Oakland County is taking proactive measures after routine water testing detected Legionella bacteria at the North Oakland Health Center (NOHC) and the Resource and Crisis Center (RCC).

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Jan 28 • 3:58 PM EST • Health • clickondetroit.com
Wheeling police to host crime watch meetings for businesses

For the first time, the Wheeling Police Department will host crime watch meetings specifically for local businesses, starting Feb. 4.Business owners from downt

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Jan 28 • 1:06 PM EST • Business • wtov9.com
Roadkill is a surprising and untapped source for scientists

Millions of animals unfortunately die on roads each year, but the casualties hold important data.

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Jan 28 • 1:01 PM EST • Science • popsci.com
Cleveland Browns to hire Todd Monken as new coach

The Cleveland Browns agreed to hire Baltimore Ravens offensive coordinator Todd Monken as their head coach, a league source told UPI on Wednesday.

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Jan 28 • 12:08 PM EST • Sports • upi.com
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.

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Jan 28 • 8:02 AM EST • Business • ftc.gov
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.

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Jan 28 • 7:51 AM EST • Business • consumer.ftc.gov
Viral AI assistant Moltbot rapidly gains popularity but poses security risks

The open source "Jarvis" chats via WhatsApp but requires access to your files and accounts.

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Jan 28 • 7:30 AM EST • Technology • arstechnica.com
Firefighters respond to business fire in West Jordan

In and out of the buildling.Fans and a hose going into the building.Several firefighters and engines responded to the scene.Rocky Mountain Power responded

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Jan 28 • 7:30 AM EST • Business • kutv.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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Jan 28 • 2:47 AM EST • Business • finance.yahoo.com
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Jan 27 • 10:11 PM EST • Business • cbsaustin.com
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Jan 27 • 9:44 PM EST • Health • wsbt.com
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Jan 27 • 9:17 PM EST • Business • wgme.com
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Jan 27 • 3:29 PM EST • Sports • upnorthlive.com
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Jan 27 • 2:04 PM EST • Business • wlos.com
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Jan 27 • 1:00 PM EST • Technology • news.xbox.com
Breaking: Goshen Health to partner with Parkview

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Jan 27 • 12:06 PM EST • Health • wsbt.com
Veolia Expands US Hazardous Waste Business

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Jan 27 • 11:24 AM EST • Business • bloomberg.com
Trump held 2-hour meeting with Noem as his administration grapples with Minneapolis strategy

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Jan 27 • 10:20 AM EST • Politics • cnn.com
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MUSC Health celebrates opening of Clements Ferry Pavilion with local leaders

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Jan 27 • 9:56 AM EST • Health • abcnews4.com
WHO urges schools worldwide to promote healthy eating for children

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Jan 27 • 7:00 AM EST • Health • who.int
Penn State reminds students of mental health resources and support

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Jan 27 • 7:00 AM EST • Health • psu.edu
UnitedHealth earnings sink as company faces pressure from US government on Medicare

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Jan 27 • 6:35 AM EST • Health • ft.com
Exclusive: CIA moves to establish foothold in Venezuela following Maduro’s capture

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Jan 27 • 6:00 AM EST • Politics • cnn.com
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Jan 27 • 5:02 AM EST • Politics • nytimes.com
Goldman's CEO Says Washington Is "Open for Business"

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Jan 27 • 12:35 AM EST • Business • bloomberg.com
Business school teaching case study: The promise and pitfalls of biodiversity offsets

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Jan 27 • 12:00 AM EST • Business • ft.com
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Jan 26 • 9:48 PM EST • Business • krcrtv.com
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Jan 26 • 6:12 PM EST • Sports • nytimes.com
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Jan 26 • 4:13 PM EST • Politics • cnn.com
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Arsenic found in most candies tested under new 'Healthy Florida First' initiative

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Jan 26 • 3:47 PM EST • Health • cbs12.com
Trump admin deports Iranians for first time since brutal crackdown on protests

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Jan 26 • 3:21 PM EST • Politics • cnn.com
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Science panel to begin hard structures on coastlines report

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Jan 26 • 2:37 PM EST • Science • coastalreview.org
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