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Hally Leadbetter dishes on her new golf snack, mental health awareness

The brightest, cheeriest booth at the 2026 PGA Show belonged to Hally Leadbetter, who recently launched a new wellness and lifestyle brand,

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Jan 31 • 4:45 PM EST • Health • golfweek.usatoday.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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How to eat healthy by shopping smarter at the grocery store

Grocery shopping is the foundation for steady energy, better digestion and long-term health.

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Jan 31 • 12:22 PM EST • Health • usatoday.com
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Life may have rebounded 'ridiculously fast' after the dinosaur-killing asteroid impact

After the asteroid smashed into Earth around 66 million years ago, it didn't take life that long to rebound, a new study finds.

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Jan 31 • 10:00 AM EST • Science • livescience.com
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US exit from the World Health Organization marks a new era in global health policy – here’s what the US, and world, will lose

The US will no longer participate in the WHO’s global influenza monitoring system – a shift experts say will lead to more flu hospitalizations and deaths.

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Jan 31 • 9:17 AM EST • Health • theconversation.com
Where older adults find all-in-one care and a place to belong

A new Seattle clinic offers an unusual model of health care for aging adults, with a goal of letting them live independently for as long as possible.

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Jan 31 • 9:00 AM EST • Health • seattletimes.com
Trump’s polls are tanking. What does his base think?

A MAGA diehard on ICE in Minneapolis, the Epstein files, and what Trump must do before the midterms.

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Jan 31 • 8:00 AM EST • Politics • vox.com
A $40 Billion Idea to Keep One Glacier From Flooding the Earth

Scientists have long opposed polar geoengineering. Some now believe it will be necessary.

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Jan 31 • 8:00 AM EST • Science • theatlantic.com
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How viewers around the world responded to Melania Trump’s documentary

Marla Ailor attended President Donald Trump’s inauguration last year with her family, and remembered thinking it was a long day.

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Jan 31 • 7:00 AM EST • Politics • cnn.com
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Ancient tools in China are forcing scientists to rethink early humans

Archaeologists in central China have uncovered evidence that early humans were far more inventive than long assumed. Excavations at the Xigou site reveal advanced stone tools, including the earliest known examples of tools fitted with handles in East Asia, dating back as far as 160,000 years. These discoveries show that ancient populations in the region carefully planned, crafted, and adapted their tools to meet changing environments.

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Jan 31 • 7:00 AM EST • Science • sciencedaily.com
Garmin Enduro 3 review: The longest-lasting sports watch series gets a price cut

If you’re after a high-end sports watch, minus the upkeep and attention-grabbing smartwatch tech, this one is for you.

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Jan 31 • 6:30 AM EST • Science • livescience.com
‘Worst-case scenarios’: How Democratic election officials are preparing for potential Trump intrusion in the midterms

Democratic election officials are preparing for potential federal government intrusion in the midterms, as President Donald Trump’s appointees escalate their efforts to find evidence for his long-debunked election fraud claims.

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Jan 31 • 6:00 AM EST • Politics • cnn.com
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This Week in Science: Meat-Eater Longevity, Space Viruses, And More!

Our weekly science news roundup.

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Jan 31 • 6:00 AM EST • Science • sciencealert.com
A Predictor of a Good Social Life? Your Parents.

A decades-long study suggested that close relationships with family members during teenage years could lead to a rich network of friendships in adulthood.

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Jan 31 • 5:02 AM EST • Health • nytimes.com
Amazon’s layoffs are staggering. We’ve seen this before

Big Tech continues to wrestle with mass layoffs, most recently with Amazon’s announcement of 16,000 job cuts. It’s a trend that started long before the AI race: organizational change brought by the arrival of new technology.

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Jan 31 • 5:00 AM EST • Business • cnn.com
Response to Melania Trump documentary reflects America’s political division

CARMEL, Ind. — Marla Ailor attended President Donald Trump’s inauguration last year with her family, and remembered thinking it was a long day. So she ...

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Jan 31 • 2:16 AM EST • Politics • toledoblade.com
Anchorage School District proposes major cuts to positions, programs, sports and more

In a letter to families, Anchorage Superintendent Jharrett Bryantt said maintaining the status quo is no longer sustainable given current state and local funding levels.

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Jan 30 • 9:21 PM EST • Sports • adn.com
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Fertitta Entertainment names longtime executive as COO

Houston-based Fertitta Entertainment on Friday announced the appointment of Nicki Keenan as chief operating officer, where she will oversee the full scope of Landry’s nationwide operations, including its expansive portfolio

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Jan 30 • 8:01 PM EST • Entertainment • galvnews.com
Analysis: 5 early takeaways from the DOJ’s big Epstein files drop

The Justice Department on Friday announced the long-awaited release of an enormous tranche of Jeffrey Epstein files, spanning more than 3 million pages, which it said fufilled its obligations under transparency legislation passed last year.

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Jan 30 • 7:43 PM EST • Politics • cnn.com
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Commentary: Catherine O'Hara remembered in 10 indelible roles

The Canadian actor was a versatile performer whose decades-long career took her from a comedy troupe to box office and television hits.

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Jan 30 • 7:05 PM EST • Entertainment • latimes.com
UVM business students gain workforce experience through new program

The Grossman School of Business has launched a semester-long program that puts students in full-time positions with partner companies.

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Jan 30 • 6:48 PM EST • Business • wcax.com
Local health officials warn of winter storm dangers beyond icy roads

Health official say frostbite, hypothermia and even just falling on the ground from ice on your porch or your driveway could have long-term effects on your health.

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Jan 30 • 6:11 PM EST • Health • wect.com
Trump’s Immigration Push Fractures Republican Party

The party was mostly unified on the issue not long ago, but splinters are everywhere now.

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Jan 30 • 5:42 PM EST • Politics • nytimes.com
Fertitta Entertainment names Nicki Keenan COO, overseeing Landry's

Longtime Landry's executive Nicki Keenan will oversee the nationwide operations of Tilman Fertitta's entertainment empire, Fertitta Entertainment said Friday.

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Jan 30 • 5:34 PM EST • Entertainment • houstonchronicle.com
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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Schumer says both parties ‘working to get it done’ as Senate GOP works to resolve funding holdup ahead of midnight deadline

Senate Minority Leader Chuck Schumer said as he entered the US Capitol on Friday that Democrats are pushing ahead on a funding deal to avert a prolonged government shutdown.

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Jan 30 • 12:28 PM EST • Politics • cnn.com
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The anti-ICE movement isn't just about politics — it's a caregiving social movement

It’s a caregiving social movement based on relatedness and belonging.

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Jan 30 • 12:02 PM EST • Politics • minnesotareformer.com
WVU Committee of Retired Faculty, OLLI host ‘Quantifying Health: Data, Discovery and the Path to Longevity’

OLLI at WVU and the WVU Committee of Retired Faculty will host Chancellor and Executive Dean for Health Sciences Dr. Clay Marsh as he presents “Quantifying Health: Data, Discovery and the Path to Longevity” at 2:30 p.m. Wednesday (Feb. 4).

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Jan 30 • 8:06 AM EST • Health • enews.wvu.edu
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Bouncy balls and beyond: Collaborative project connects science with community

Through “Mission: Materials Science,” a long-running outreach initiative supported by Penn State’s U.S. National Science Foundation–funded Materials Research Science and Engineering Center, graduate students from across disciplines have partnered with museum educators and media professionals to transform materials science research into free, hands-on learning activities.

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Jan 30 • 7:00 AM EST • Science • psu.edu
S.F. opens health clinic to tackle pollution in Bayview-Hunters Point — a long time coming

Fears of exposure to radiation from the Hunters Point Shipyard prompted the Department of Public Health to open the clinic.

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Jan 30 • 7:00 AM EST • Health • missionlocal.org
A breakthrough that could make ships nearly unsinkable

Researchers have found a way to make ordinary aluminum tubes float indefinitely, even when submerged for long periods or punched full of holes. By engineering the metal’s surface to repel water, the tubes trap air inside and refuse to sink, even in rough conditions. The technology could eventually be scaled up into floating platforms, ships, or even wave-powered energy systems.

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Jan 30 • 7:00 AM EST • Science • sciencedaily.com
Another Crisis. Another Offramp. And Washington Chugs Along.

Plus, Tulsi Gabbard has spent months probing the 2020 election and Trump is set to name his pick to lead the Fed.

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Jan 30 • 6:58 AM EST • Politics • wsj.com
Fate of Colorado River hangs in balance as political battle brews

The fight over the dwindling Colorado River has long been nonpartisan. Now an unprecedented meeting of governors over the issue raises the political stakes.

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Jan 30 • 5:00 AM EST • Politics • washingtonpost.com
Ruben Östlund Says He Is Eyeing A Third Palme D’Or, But May Hold ‘The Entertainment System Is Down’ Until 2027 To Complete Editing

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

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Jan 30 • 4:12 AM EST • Entertainment • deadline.com
Genes play a big part in driving lifespan, scientists find

How long a person lives may not only be down to their lifestyle - but their genetic makeup too, research suggests.

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Jan 30 • 4:04 AM EST • Science • news.sky.com
Nebraska Science Festival, public expo return for 2026

The monthlong festival, presented by UNMC, will run throughout April with a series of science and technology-related activities.

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Jan 30 • 3:00 AM EST • Science • unmc.edu
Joey Votto finalizing broadcast deal with NBC Sports

Longtime Red Joey Votto is finalizing a deal with NBC Sports to be part of its MLB coverage, according to Front Office Sports' Michael McCarthy.

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Jan 29 • 9:25 PM EST • Sports • cincinnati.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
A 20-year-old cancer vaccine may hold the key to long-term survival

Two decades after a breast cancer vaccine trial, every participant is still alive—an astonishing result for metastatic disease. Scientists found their immune systems retained long-lasting memory cells primed to recognize cancer. By enhancing a key immune signal called CD27, researchers dramatically improved tumor elimination in lab studies. The findings suggest cancer vaccines may have been missing a crucial ingredient all along.

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Jan 29 • 7:00 PM EST • Science • sciencedaily.com
How scientists are making the power of invisibility a reality

“In my opinion, invisibility is no longer a science fiction concept.”

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Jan 29 • 7:00 PM EST • Science • nationalgeographic.com
Little Liam Conejo Ramos' health deteriorating in Texas ICE facility, mom says

The preschooler 'has stomach pain, he’s vomiting, he has a fever and he no longer wants to eat,' the boy's mother says.

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Jan 29 • 6:24 PM EST • Health • expressnews.com
Mavericks put their hope in health as the 1-year anniversary of the Luka Doncic trade approaches

Anthony Davis and Kyrie Irving didn't play in that 118-105 loss to Minnesota — and might not be in a Mavericks uniform on the same night again — while it was a temporary injury absence for four-time NBA champion Klay Thompson and Cooper Flagg, the rookie No. 1 pick who landed in Dallas by crazy luck and is seen as the next face of the franchise after Doncic. Days shy of a year since the Mavs shipped their global superstar to the Los Angeles Lakers for Davis and rocked the core of a team that was just nine months removed from playing in the NBA Finals, Washington's hope for a return to contention rests with those four teammates being healthy alongside him.

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Jan 29 • 3:25 PM EST • Health • sports.yahoo.com
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Cubs TV voice Jon 'Boog' Sciambi tops sixth annual Chicago sports media power rankings

I ranked the market’s talent exclusively on TV, radio and podcasts based on appeal, quality, longevity and personal preference. Well over 100 people were considered, and the top 20 follow, with last year’s rank in parentheses.

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Jan 29 • 2:20 PM EST • Sports • chicago.suntimes.com
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Borderlands 4 Finally Gets Photo Mode in Today's Major Update

Borderlands 4 is getting a major update today, including, among other things, the addition of the long-awaited Photo Mode that was announced prior to the game's launch, but was allegedly held due to the need to prioritize polishing other elements.

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Jan 29 • 2:11 PM EST • Technology • ign.com
The secret to long life? It could be in the genes after all, say scientists

New study into ‘heritability’ shows that 50% of the variation in human lifespan could be down to genetics

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Jan 29 • 2:00 PM EST • Science • theguardian.com
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Genes may shape how long we live more than once thought

New research challenges the view that human life span depends mostly on lifestyle. Genes may account for half the factors that determine longevity.

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Jan 29 • 2:00 PM EST • Science • sciencenews.org
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The chemical genius of Katharine Burr Blodgett

The story of a woman whose discoveries in materials science quietly shape our everyday world but whose legacy was long eclipsed by the famous scientist she worked with at the General Electric Company

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Jan 29 • 1:00 PM EST • Science • scientificamerican.com
As quirky Switch 2 life sim Tomodachi Life gets a release date, Nintendo makes good on decade-old same-sex relationship promise

Nintendo has confirmed same-sex relationships in its Tomodachi Life: Living the Dream reveal, alongside an April release date.

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Jan 29 • 11:46 AM EST • Technology • eurogamer.net
I flew in United business class using points; worth it for long flight

I used points to upgrade to United Polaris business class on an eight-hour flight. From the lounge access to the amenities, the upgrade was worth it.

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Jan 29 • 10:23 AM EST • Business • businessinsider.com
'Job interview': With Jay Collins jilted, Paul Renner plays long game in wooing Ron DeSantis

True love waits?

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Jan 29 • 9:43 AM EST • Politics • floridapolitics.com
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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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Stop killing your SSD: 6 must-do Windows 11 tweaks

Follow these tips for a long-lasting SSD!

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Jan 29 • 9:00 AM EST • Technology • pcworld.com
Pre-Snap Reads 1/29: The Seahawks are for real

In the words of Linda Ronstadt: for a long, long time.

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Jan 29 • 9:00 AM EST • Sports • fieldgulls.com
Why Music Catalogues Are Becoming The Hottest Asset In Entertainment

Music catalogs are emerging as stable, long-term assets, attracting investors with consistent returns and cultural value.

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Jan 29 • 8:15 AM EST • Entertainment • finance.yahoo.com
Game Preview: Chicago Blackhawks @ Pittsburgh Penguins 1/29/2026

Who: Chicago Blackhawks (21-23-9, 51 points, 6th place Central Division) @ Pittsburgh Penguins (26-14-11, 63 points, 2nd place Metropolitan Division) When: 7:00 p.m. eastern How to Watch: Locally broadcast on Sportsnet Pittsburgh and CHSN in the local markets, streaming on ESPN+ Pens’ Path Ahead: It’s a week-long sprint to the Olympic break finish line for the Pens. […]

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Jan 29 • 7:00 AM EST • Sports • pensburgh.com
Americans Are More Worried About Health Care Costs Than Gas or Groceries

The price of health care tops the US public’s long list of economic worries ahead of the midterm elections, according to new polling data, as “affordability” has become a buzzword championed by politicians on both sides of the aisle.

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Jan 29 • 5:00 AM EST • Health • bloomberg.com
China, U.K. vow to build long-term strategic partnership in bid to reset strained ties

U.K. Prime Minister Sir Keir Starmer said he hopes to build "more sophisticated" ties with China as the two nations look to revive the bilateral relationships.

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Jan 29 • 1:05 AM EST • Business • cnbc.com
Texas blows early lead in 88-82 loss to Auburn

More of the same from these Longhorns.

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Jan 28 • 9:44 PM EST • Sports • burntorangenation.com
Music notes: Taylor Swift, Ellie Goulding and more

The video for Taylor Swift's "Wildest Dreams" — the fifth single from her album 1989 — has become her latest to rack up 1 billion views on YouTube. It's her sixth video to hit that milestone, following “Blank Space,” “Shake It Off,” “You Belong With Me,” “Bad Blood” and “Look What You Made Me Do.”

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Jan 28 • 5:30 PM EST • Entertainment • yahoo.com
Henry Cavill suits up for eternal battle in first look at long-gestating 'Highlander' reboot

After a long wait, Henry Cavill shares the first look at his turn as Connor MacLeod in Chad Stahelski's upcoming 'Highlander' reboot: 'This has been quite the journey for me.'

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Jan 28 • 2:10 PM EST • Entertainment • ew.com
Can We Protect Science?

Can We Protect Science? It was a burning question at the World Economic Forum last week.

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Jan 28 • 1:50 PM EST • Science • nautil.us
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Geauga County’s largest behavioral health provider to merge with Ashtabula agency

Ravenwood Health will merge with Ashtabula County’s Community Counseling Center as longtime CEO Vicki Clark retires, expanding behavioral health services.

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Jan 28 • 1:46 PM EST • Health • cleveland.com
Accelerating Science: A Blueprint for a Renewed National Quantum Initiative

Sustained U.S. leadership in quantum information science is critical to ensuring that breakthroughs in computing, sensing, networking and materials translate into secure technologies and industries, a skilled domestic workforce and long-term strategic advantage. To secure this future, Congress must act and reauthorize the National Quantum Initiative (NQI).

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Jan 28 • 1:17 PM EST • Science • blogs.nvidia.com
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Live Nation Entertainment, DF Entertainment, and Dale Play Live Enter Into Long-Term Partnership With Club Atlético River Plate at Mâs Monumental Stadium

Live Nation Entertainment today announced a long-term partnership with Club Atlético River Plate, alongside DF Entertainment, Argentina’s leading international live entertainment company; and Dale Play Live, Argentina’s leading Latin live entertainment company, to further elevate Mâs Monumental Stadium as one of the world’s premier destinations for global touring artists and…

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Jan 28 • 1:00 PM EST • Entertainment • newsroom.livenation.com
Patriots Rival Reportedly Loses Defensive Coordinator, Longtime Coach To Packers

The New England Patriots are gearing up for the Super Bowl, but two of their division rivals are in the middle of coaching changes. The Miami Dolphins fired Mike McDaniel to hire Jeff Hafley, the Green Bay Packers’ defensive coordinator for the last two years. The Buffalo Bills promoted Joe Brady to head coach from […]

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Jan 28 • 12:54 PM EST • Sports • sports.yahoo.com
Manu Ginobili among backers of new planned sports performance project in South Florida

Manu Ginobili is investing in South Florida’s potential with a new venture. The former San Antonio Spurs star is part of a group building the Sports Performance Hub in Homestead, Florida. It’ll be a next-generation sports, education and community development project. It will feature a 10,000-seat stadium for Miami FC, sports training facilities, a basketball facility, a boarding school and more. Groundbreaking is set for March, with plans to open in 2028. Ginobili, along with partners like Riccardo Silva and Juan Sebastian Veron, aims to connect sports training with academics. They believe Miami’s multicultural environment makes it an ideal location.

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Jan 28 • 11:36 AM EST • Sports • nbcmiami.com
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The Entertainment District Focus Group examining long term future of Berglund Center complex

Its called the Entertainment District Focus Group, a mostly citizen group asked to weigh in on a possible casino at the Berglund Center - just for starters. The Entertainment District Focus Group is centered around the Berglund Center Complex, as the city looks to generate more revenue. Is there sup

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Jan 28 • 9:34 AM EST • Entertainment • wfirnews.com
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Apple's 'Creator Studio' App Bundle Now Available for $12.99 Per Month

Apple today launched the new Creator Studio that was initially unveiled two weeks ago, providing content creators with access to six Apple apps for $12.99 per month or $129 per year. Creator Studio includes Final Cut Pro, Logic Pro, and Pixelmator Pro on Mac and iPad, along with Motion, Compressor, and MainStage on the Mac. Final Cut Pro is Apple's video editing software, Logic Pro is for audio editing and creation, and Pixelmator Pro is an image editing app that Apple purchased in 2024.

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Jan 28 • 9:30 AM EST • Technology • macrumors.com
Barry Keoghan Is Nearly Unrecognizable with Long Hair in London, Plus Halle Berry, King Charles, Queen Camilla and More

Barry Keoghan is nearly unrecognizable with long hair in London, plus Halle Berry, King Charles, Queen Camilla and more. From London to Los Angeles, and everywhere in between, see what your favorite stars are up to.

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Jan 28 • 7:00 AM EST • Entertainment • people.com
What Happens to Your Body When You Take Vitamin D Supplements Every Day Long Term?

A daily vitamin D supplement can support bone strength, muscle function, and balance—especially in people who are vitamin D deficient.

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Jan 28 • 7:00 AM EST • Health • health.com
National Institutes of Health Need Agencywide Strategy to Prioritize and Fund Pediatric Research, Says New Report

Childhood health is foundational to lifelong well-being. A new National Academies report makes recommendations on how NIH and Congress can best support pediatric health research and improve health outcomes through childhood and beyond.

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Jan 28 • 7:00 AM EST • Health • nationalacademies.org
Centrist ideas no longer wanted in Conservative party, says Kemi Badenoch

Party leader tells MPs that one-nation Tories doubting her rightward direction ‘need to get out of the way’

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Jan 28 • 6:45 AM EST • Politics • theguardian.com
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iPhone 18 Pro Could Feature Teleconverter Alongside Variable Aperture

Apple's rumored new variable aperture camera system for this year's iPhone 18 Pro models has reached the sampling stage, according to a new claim from a Chinese leaker. Posting on Weibo today, the account known as "Smart Pikachu" said the feature had entered late-stage engineering samples, while a teleconverter is also "under evaluation" for the device. The iPhone 18 Pro and iPhone 18 Pro Max are expected to launch in September 2026.

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Jan 28 • 6:01 AM EST • Technology • macrumors.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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Largest Entertainment Arena In US Partners With Cannabis Businesses To Sell THC Drinks At Concerts And Sports Games

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Trump policies at odds with emerging understanding of COVID's long-term harm
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Can the Florida Legislature keep politics off campuses

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