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Browns prevailed in John Harbaugh's attempt to persuade Todd Monken

While the John Harbaugh tried to talk him out of it, the Browns prevailed in their pursuit of Todd Monken

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Feb 1 • 8:50 AM EST • Sports • brownswire.usatoday.com
‘I’ve never taken drugs or drunk alcohol,’ says Zack Polanski

Green party leader wants to legalise all drugs, regulate their use and not be ‘the fun police’

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Feb 1 • 8:28 AM EST • Politics • theguardian.com
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Report: Illinois special teams coordinator heading to Ohio State

Heading to Columbus.

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Feb 1 • 8:27 AM EST • Sports • thechampaignroom.com
Shohei Ohtani won’t pitch in World Baseball Classic

The last time Shohei Ohtani was in the World Baseball Classic, he struck out his then-Angels teammate Mike Trout to give Team Japan their third title in tournament history. Three years later, fans from around the world will only get to see half of the Ohtani experience. After a 22 month absence from pitching on […]

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Feb 1 • 8:07 AM EST • Sports • truebluela.com
Hibernian vs Rangers – Match preview and team news

Rangers will face Hibernian at Easter Road on Sunday. With Hearts leading the table and Rangers climbing back into contention, this fixture presents a crucial opportunity for Danny Rohl’s side to cl...

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Feb 1 • 3:30 AM EST • Sports • thefootballfaithful.com
Stars top Mammoth 3-2 for 4th straight win

SALT LAKE CITY (AP) Thomas Harley and Wyatt Johnston each scored a power-play goal in the first period to lead the Dallas Stars over the Utah Mammoth 3-2 on Saturday night.

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Feb 1 • 12:03 AM EST • Sports • cbssports.com
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Democrats narrow GOP House majority as Menefee wins Texas special election

After Menefee is sworn in, Democrats will have 214 House seats. Republicans currently hold 218, giving House Speaker Mike Johnson a razor-thin majority.

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Jan 31 • 11:16 PM EST • Politics • washingtonpost.com
LIVE! Watch UFC 325 Post-Fight Presser Here

With UFC 325 officially in the books after an exciting night (Sat., Jan. 31, 2026) of action LIVE on Paramount+ from inside Qudos Bank Arena in Sydney, Australia, fight fans can check out the post-fight press conference video above for all the best reaction and official bonus winners. Remember, there’s a new post-fight bonus system in place for 2026. […]

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Jan 31 • 11:05 PM EST • Sports • mmamania.com
Kennesaw State wins 76-53 against New Mexico State

KENNESAW, Ga. (AP) RJ Johnson had 20 points in Kennesaw State's 76-53 victory against New Mexico State on Saturday.

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Jan 31 • 8:07 PM EST • Sports • cbssports.com
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Radford wins 93-84 in OT over Presbyterian

CLINTON, S.C. (AP) Jaylon Johnson scored 23 points as Radford beat Presbyterian 93-84 in overtime on Saturday.

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Jan 31 • 5:27 PM EST • Sports • cbssports.com
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Local business owner honors brother with fundraiser for The Shepherd’s House

A local business owner honored her brother with a fundraiser on Saturday.

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Jan 31 • 5:12 PM EST • Business • 21alivenews.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
Packers DB coach leaves for the Dallas Cowboys

Derrick Ansley has a history of coaching in a quarters-based systems, which both the Cowboys and Packers will run in 2026

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Jan 31 • 4:43 PM EST • Sports • acmepackingcompany.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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Detroit Red Wings buried by Avalanche goals early, often

Detroit Red Wings score: Goalie John Gibson had little chance against a dominant Colorado attack that scored five goals for an NHL-best 17th time.

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Jan 31 • 3:52 PM EST • Sports • freep.com
MVCC Board of Trustees to meet Tuesday, January 20

UTICA — A meeting of the Mohawk Valley Community College Board of Trustees will take place at 4 p.m. on Tuesday, Jan. 20, on the Utica Campus in the Stetson

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Jan 31 • 3:31 PM EST • Entertainment • romesentinel.com
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Toledo defeats Ball State 73-55

TOLEDO, Ohio (AP) Sonny Wilson had 19 points in Toledo's 73-55 win over Ball State on Saturday.

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Jan 31 • 3:20 PM EST • Sports • cbssports.com
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Lifespan may be 50% heritable, study suggests

A new study suggests that lifespan might be 50% heritable — although for now, it's hard to know if the finding applies across diverse populations.

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Jan 31 • 2:00 PM EST • Science • livescience.com
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Ben Johnson Could Poach Dan Campbell’s Right-Hand Man

Ben Johnson could look to Detroit for coaching help as the Bears search for offensive staff. Could Lions assistant Scottie Montgomery be next?

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Jan 31 • 12:40 PM EST • Sports • detroitsportsnation.com
A history of Dodgers brothers playing together

The Dodgers have River Ryan returning from 2024 Tommy John surgery, and is expected to be part of the team’s starting rotation puzzle in the 2026 season. There’s also at least a chance that he might be teammates with his brother Ryder Ryan, who was signed by the Dodgers to a minor league deal that […]

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Jan 31 • 11:05 AM EST • Sports • truebluela.com
Ohio politicians propose increase in penalty for disrupting religious services

This is in response to a recent anti-immigration enforcement protest that disrupted a service at a Minnesota church.

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Jan 31 • 10:31 AM EST • Politics • spectrumnews1.com
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Reusse: Latest generation of Pohlads has made it clear Twins are a business

An organization that was thick with camaraderie for decades appears to be a different entity with Derek Falvey’s departure.

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Jan 31 • 9:57 AM EST • Business • startribune.com
'Shark Tank' star worked at Red Lobster while building his business: Your 9-to-5 can be 'your first investor'

'Shark Tank' star Daymond John says he kept his waiter job at Red Lobster while building his brand, FUBU, which made him a millionaire years later.

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Jan 31 • 9:30 AM EST • Business • cnbc.com
Saints 2025 Year in Review: Defensive tackle John Ridgeway III

What did John Ridgeway III contribute to the New Orleans Saints in 2025? He's one of many free agents the team must choose to re-sign in 2026.

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Jan 31 • 5:55 AM EST • Sports • saintswire.usatoday.com
Cardiovascular Disease: Common Gout Medication May Lower Risk

Research shows that a common gout medication may help reduce the risk of heart attack and stroke in people with gout.

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Jan 31 • 5:25 AM EST • Health • healthline.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
A John Curtis junior stepped up as the leading scorer in a rematch against Jesuit

John Curtis showed once again that it has several players capable of taking on a lead role.

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Jan 31 • 12:27 AM EST • Sports • nola.com
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5 candidates for Chicago Bears' offensive coordinator job

Head coach Ben Johnson lost his offensive coordinator on Friday.

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Jan 30 • 11:55 PM EST • Sports • sportingnews.com
Johnson's 16 help Akron beat Kent State 69-52

AKRON, Ohio (AP) Tavari Johnson's 16 points helped Akron defeat Kent State 69-52 on Friday.

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Jan 30 • 9:07 PM EST • Sports • cbssports.com
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What is dextrocardia? Catherine O'Hara's rare heart condition as...
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Jan 30 • 3:57 PM EST • Health • nypost.com
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Sad News in the Entertainment Industry-actress Catherine O'Hara, has passed

Sad News in the Entertainment Industry-Catherine O’Hara, an actress best known for her roles in Home Alone, Schitt’s Creek, Beetlejuice, and The Studio has sadly passed away. Our thoughts and prayers go out to family, friends, and fans. #catherineohara

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Jan 30 • 3:37 PM EST • Entertainment • wimsradio.com
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Deadline Hollywood

'The Entertainment System Is Down' is a social satire set on a long-haul flight where the entertainment systems fail. Read more below.

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Jan 30 • 2:04 PM EST • Entertainment • facebook.com
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Deadline Approaching for MHA Healthcare Leadership Academy - MHA | Michigan Health & Hospital Association

The enrollment deadline for the MHA Healthcare Leadership Academy (HCLA) is Feb. 6. The cohort meets Feb. 25-27 and May 7-8 at the MHA headquarters in Okemos.

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Jan 30 • 1:49 PM EST • Health • mha.org
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Actress Catherine O'Hara dies at 71

Her death was announced Friday

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Jan 30 • 1:33 PM EST • Entertainment • spectrumlocalnews.com
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'View' star Sara Haines breaks down in tears over covering grim news: 'Why get out of bed?'

'The View' cohost Sara Haines broke down in tears over covering grim news on the talk show, admitting she doesn't 'really have a safe space' amid headlines: 'Why get out of bed?'

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Jan 30 • 12:38 PM EST • Entertainment • ew.com
Ohio State Hosts Nebraska Sunday for National Girls & Women in Sports Day

The No. 11/12 Ohio State women's basketball team (19-3, 8-2 B1G) hosts RV/RV Nebraska (16-5, 5-5 B1G) on Sunday evening. Tip-off is scheduled for 6 p.m. ET i...

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Jan 30 • 10:47 AM EST • Sports • ohiostatebuckeyes.com
Pokémon GO February 2026 Events

The Pokémon GO February 2026 events schedule is here! In February, featured Pokémon are Solgaleo, Lunala and Growlithe. A variety of different Pokémon will be featured throughout the month, and there is a whole host of in-game events to look forward to! Here are all the major events happening in February 2026 in Pokémon GO, as […]

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Jan 30 • 10:19 AM EST • Technology • pokemongohub.net
Delivra Health Brands Announces Appointment of New Director

Vancouver, British Columbia--(Newsfile Corp. - January 30, 2026) - Delivra Health Brands Inc. (TSXV: DHB) (OTCQB: DHBUF) ("Delivra Health", "Delivra" or the "Company"), a consumer packaged goods company uniquely positioned in the health and wellness sector, is pleased to announce the appointment today of John Barrett as a director of the board of directors of the Company (the "Board"). Mr. Barrett was previously a senior executive with Frito Lay and PepsiCo, and served as Chief Commercial...

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Jan 30 • 7:25 AM EST • Health • finance.yahoo.com
A World Safe for Autocracy: How Chinese Domestic Politics Shapes

China studies expert Jessica Chen Weiss of the Johns Hopkins School of Advanced International Studies reveals how the Chinese Communist Partyʼs pursuit of domestic survival, which balances sovereignty, security, and development, drives

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Jan 30 • 7:00 AM EST • Politics • aparc.fsi.stanford.edu
How the Miami RedHawks became college basketball's most unlikely undefeated team

At 21-0, the Miami (Ohio) men's basketball team is one of just two remaining undefeated Division I men's teams. Here's how the RedHawks got here

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Jan 30 • 6:05 AM EST • Sports • usatoday.com
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Johnson scores 27, Sacramento State downs Montana State 83-80

SACRAMENTO, Calif. (AP) Prophet Johnson scored 27 points as Sacramento State beat Montana State 83-80 on Thursday night.

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Jan 30 • 1:03 AM EST • Sports • cbssports.com
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Johnson says government will 'inevitably' shut down despite Senate deal

House Speaker Mike Johnson said that "logistics" for House members may force the federal government into a brief shutdown, despite a funding deal made in the Senate.

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Jan 29 • 9:29 PM EST • Politics • usatoday.com
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No. 24 Miami (Ohio) hopes for less drama against NIU

No. 24 Miami (Ohio) hopes for less drama against NIU

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Jan 29 • 8:28 PM EST • Sports • cbssports.com
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Burkina Faso’s military government dissolves political parties

Interior Minister says multiplication of political parties has fuelled divisions and weakened social cohesion.

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Jan 29 • 4:53 PM EST • Politics • aljazeera.com
Bills' Dalton Kincaid gets $8.73 million contract update

Buffalo has a new head coach but a lot of cohesiveness.

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Jan 29 • 3:30 PM EST • Sports • sportingnews.com
Ohio political blog 'The Rooster' banned from X after criticizing DHS Secretary Kristi Noem

The blog's author, D.J. Byrnes of Columbus, wrote that Noem "will have to die in prison. No other way around it." The social media platform banned Byrnes for violent speech and abuse.

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Jan 29 • 3:10 PM EST • Politics • wosu.org
Groups Back Larson Challenger, Calling for Generational Change

Three outside political groups are backing Luke Bronin in his primary challenge to Representative John Larson, the 77-year-old Connecticut Democrat.

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Jan 29 • 2:00 PM EST • Politics • nytimes.com
John Leguizamo under fire for demanding fans choose between him and ICE

John Leguizamo sparks controversy telling ICE supporters not to follow him or watch his movies. Fans remain divided over the actor's bold stance.

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Jan 29 • 1:40 PM EST • Entertainment • foxnews.com
HIV: A Treatment Triumph Still Searching For Basic Science Answers

Molly Ohainle was growing up in the Bay Area when the AIDS crisis hit. She lost both of her uncles to HIV. Now, she researches HIV as a professor of immunology and molecular medicine at UC

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Jan 29 • 12:20 PM EST • Science • ls.berkeley.edu
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Santa Rosa council endorses downtown zone that would permit to-go alcohol consumption

Consuming a beer or wine bought from a nearby establishment would be allowed in two public areas Friday through Sunday, with details still to be worked out.

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Jan 29 • 10:24 AM EST • Entertainment • pressdemocrat.com
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Glow Golf, Blind Boxes, and DIY Crafts Bring New Entertainment and Retail to South Shore Plaza - Boston Real Estate Times

Braintree, Mass.— South Shore Plaza, the premier shopping and dining destination south of Boston, has unveiled three new additions aimed at expanding its interactive and creative offerings: Aloha Mini Glow […]

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Jan 29 • 10:18 AM EST • Entertainment • bostonrealestatetimes.com
John Hancock CEO: We all have a role in driving better health outcomes for Americans

I recently testified before the U.S. Congress Joint Economic Committee on improving long-term health outcomes and reducing healthcare costs.

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Jan 29 • 9:10 AM EST • Health • fortune.com
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DOH-Lee Issues Blue Green Algae Health Alert for Caloosahatchee River-Sebastian Canal - Florida Department of Health in Lee County

Contact:

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Jan 29 • 8:41 AM EST • Health • lee.floridahealth.gov
Navigating an Unaffordable Health Insurance Market | Johns Hopkins Bloomberg School of Public Health

Expensive premiums affect more than a person's ability to get care when they’re sick.

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Jan 29 • 7:00 AM EST • Health • publichealth.jhu.edu
The Jeff Boals Show Returns Tonight at The Gem Sports Bar

ATHENS, Ohio — The Jeff Boals Show returns this Thursday, January 29, on the Ohio Sports Network from Learfield, presented by Holzer Health System. This week, the live broadcast will take place from 6pm-7pm at The Gem Sports Bar. The event is open to the public and free to attend. Join the "Voice of Bobcat Basketball," Jason Toy, and the seventh year head coach of the Ohio Bobcats, Jeff Boals, for a weekly recap and a look ahead at upcoming matchups. This week's special guests include sophomore forward Ayden Evans (Radcliff, Ky.) and freshman forward Jordan Fisher (Pickerington, Ohio)

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Jan 29 • 6:28 AM EST • Sports • ohiobobcats.com
Hampton Town Meeting preview: Voters to weigh ICE pact, business trash

Should the town budget and proposed money articles gain approval, a homeowner with a $600,000 property will see a $301.24 increase in their tax bill.

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Jan 29 • 5:04 AM EST • Business • seacoastonline.com
CAA Fast Break

As the league approaches the midway point of the conference slate, CAA men’s basketball insider Dr. John Giannini and host Griffin Della Penna broke down the league and its incredible performances, as well as the CAA's upcoming matchups on CBS Sports Network in the fifth edition of the CAA Fast Break.

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Jan 29 • 4:59 AM EST • Sports • caasports.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
Full-length Replay: Minnesota at Wisconsin

From Kohl Center in Madison, Wis.

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Jan 29 • 2:08 AM EST • Sports • foxsports.com
State approves tax credits for 6 business projects, including 2 in Cuyahoga County

CSA America Testing & Certification and Rupes USA are expanding in Cuyahoga County with tax credits from the Ohio Tax Credit Authority.

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Jan 28 • 10:50 PM EST • Business • cleveland.com
Mamdani weighs in on budget gap, ICE enforcement and raising taxes

The mayor sat down with NY1 for a wide-ranging interview.

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Jan 28 • 8:07 PM EST • Politics • ny1.com
Ohio State football adds experienced offensive lineman from portal

Ohio State football is not done with the transfer portal. The Buckeyes added a veteran offensive lineman on Wednesday.

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Jan 28 • 7:35 PM EST • Sports • buckeyeswire.usatoday.com
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How Ohio mayors are responding to ICE

The fatal shooting of two Minneapolis residents by federal agents this month has triggered protests in cities across the country, as well as a range of responses from local officials.

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Jan 28 • 6:59 PM EST • Politics • spectrumnews1.com
How unplanned snow days impact small central Ohio businesses
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Jan 28 • 6:28 PM EST • Business • 10tv.com
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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
Full-length Replay: Toledo, OH #1

Action from the Tristar Arenacross Series.

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Jan 28 • 1:39 PM EST • Sports • foxsports.com
CBS Sports Classic adds Kansas to field including Kentucky, UNC, Ohio State

KU is the newest addition to the four-team field signed through 2029 to participate in the annual CBS Sports Classic

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Jan 28 • 1:15 PM EST • Sports • cbssports.com
Disney Entertainment Television Unveils 2026 Directing & Writing Program Participants

EXCLUSIVE: Disney Entertainment Television has chosen its participants for the 2025-26 Directing and Writing Programs, talent development initiatives which connect emerging writers and directors with opportunities across DET’s scripted and unscripted television slate. “This year’s cohorts reflect the bold, original voices that will help shape the next era of television,” said Tim McNeal, senior vice …

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Jan 28 • 1:00 PM EST • Entertainment • yahoo.com
Disney Entertainment Television Unveils 2026 Directing & Writing Program Participants

Disney Entertainment Television has chosen its participants for the 2025-26 Directing and Writing Programs

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Jan 28 • 1:00 PM EST • Entertainment • deadline.com
How your health is being commodified by social media

From heath tech developers to influencers, our health is being monetised – and we need to be aware of what's going on, says Deborah Cohen

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Jan 28 • 1:00 PM EST • Health • newscientist.com
Brillstein Entertainment Partners Signs Comedian, Actor & Writer Paul Chowdhry

Paul Chowdhry, the comedian, actor, and writer, has inked with Brillstein for global management in all areas, Deadline can report exclusively.

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Jan 28 • 12:30 PM EST • Entertainment • deadline.com
Business Success

Ohio Wesleyan Celebrates Innovation at Second Annual U.S. Entrepreneurship Competition

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Jan 28 • 9:38 AM EST • Business • owu.edu
Our first look at Google's Android for PC interface leaks in a bug report

We may have our first look at Android for desktop.

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Jan 28 • 8:30 AM EST • Technology • engadget.com
California mental health hospitals warn over cuts after state hands down staffing rules

Psychiatric hospitals could close beds under proposed state rules if regulators don’t allow implementation time, facilities warn.

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Jan 28 • 8:30 AM EST • Health • calmatters.org
Dave Chappelle, Jon Stewart to pair up for Ohio show

The two outspoken comedians will talk about independent journalism and other topics during an event benefiting Yellow Springs radio station WYSO.

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Jan 28 • 6:04 AM EST • Entertainment • dispatch.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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