INET in the News
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Thomas Ferguson's research is cited in Nonprofit Quarterly
Jun 3, 2021
鈥淗ow talented is the right? Maybe not so much. The late Yale political scientist Charles Lindblom, author of the 1977 book Politics and Markets (and onetime American Political Science Association president), would have told Giridharadas that in a capitalist economy, business elites enjoy a 鈥減rivileged鈥 position. This position does not always align with party, but it alters the field of play. Lindblom鈥檚 position is backed by others. Thomas Ferguson wrote about the investment theory of politics in 1990s. In the past decade, Ben Page of Northwestern has covered similar ground.鈥 — Steve Dubb, Nonprofit Quarterly
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Lynn Parramore appeared on The Zero Hour to discuss her latest INET articles
Jun 3, 2021
鈥淚t’s interesting he [Josephus Daniels] may not have been the most die-hard racist, but he just saw that racism is how you win elections. I think we see echoes of that today. I think it’s also notable to recall that this is the only successful insurrection on U.S soil in U.S history. People started finding out a little bit about it when the capital siege occurred because people started asking, 鈥渉as an insurrection ever happened?鈥 Actually the answer is yes, and it would be Wilmington. It’s the only time this has ever happened to a municipal government and it was the state that allowed this to happen, allowed these militias to run amok. It was the state that was really responsible at the end of the day for this violence. And there have never been any reparations of any kind even though there are people living in Wilmington today who can who can say, 鈥渕y ancestor owned this plot of land that was taken.鈥 They’ve never had any reparations. If it was a white person that could prove that, I think we would be talking about justice. But it mirrors the Tulsa situation, it was the success of black people that was the problem. Not this idea of inferiority which had been the racial mythology. it was actually the fact that black people had persevered and were very successful even in the face of all of this oppression.鈥 ….It’s just happened time and time again in Wilmington, Tulsa, Detroit, elsewhere, that the American dream has just been incredibly elusive for black Americans through absolutely no fault of their own. What I think is pretty clearly structural racism.鈥— Lynn Parramore
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Arjun Jayadev joined the T20 Forum on Social Cohesion
May 24, 2021
鈥淣ow it’s maybe particularly an Indian phenomenon because of the strong lockdown we had last year, but I think across the world what we’re seeing in fact is that people are trapped in poverty because of the lack of employment opportunities, lack of income support, they’re increase in indebtedness, and their earnings remain depressed. So in that sense the news is extremely bad. Also, we’re seeing huge dislocations in the labor market itself. People who finally came into the formal labor force and had some sort of formal protections are now becoming informalized or worse as is the case with women in India, just leaving the labor force. When one asks for example social cohesion what can one say 鈥搃t is devastating for any kind of view of an inclusive growth process where we’re trying to encourage many people into gainful employment and to actually see their welfare rise. Of course, financial vulnerabilities have risen many fold as a result of that. In addition, one ought to underline that this thing isn’t going away. Right now in India we’re in the second wave which is quite devastating. There are the very simple and awful thoughts of just basic mortality. What it’s going to do to you know many people’s indebtedness, their ability to earn incomes because this is not limited in India for example only to let’s say the relatively elderly but across the population distribution. I think we’re just at the beginning of trying to of seeing what it will do for social cohesion or destruction more likely. I think we had a mild wave last year and what we’re going to see this year as a result… we have yet to see but it will be bad.鈥 — Arjun Jayadev
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Melissa Hathaway鈥檚 INET article is cited in Bloomberg
May 24, 2021
鈥淩ansomware demands have increased exponentially in the last six months, according to Melissa Hathaway, president of Hathaway Global Strategies and a former cybersecurity adviser to Presidents George W. Bush and Barack Obama. The average ransom demand is now between $50 million and $70 million, Hathaway said. While those demands are often negotiated down, she said companies are frequently paying ransoms in the tens of millions of dollars, in part because cyber insurance policies cover some or all of the cost. She estimated that the average payment is between $10 million and $15 million.鈥 — Kartikay Mehrotra and William Turton, Bloomberg
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David Michaels Michael鈥檚 INET funded research is featured in SciTech Daily, Focus Technica, Medical Xpress, & Scienmag
May 24, 2021
鈥淭his survey gives a voice to US health care workers who have been on the frontlines of COVID-19,鈥 David Michaels, a professor of environmental and occupational health at the George Washington University and former administrator of the Occupational Safety and Health Administration, said. 鈥淗ealth care workers have valuable first-hand knowledge about this pandemic and this report offers recommendations that could help keep the U.S. on a steady course now and in the future.鈥 …. Michaels and Melissa Perry, a professor and chair of the Department of Environmental and Occupational Health, provided guidance in producing the report. The McElhattan Foundation and the 51黑料爆料网历史事件 provided financial support for the survey and the report.鈥 — George Washington University
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Ledley, Cleary & Jackson鈥檚 INET working paper is cited in Missoulian
May 19, 2021
鈥淏ut COVID vaccines are by no means unique — most medicines developed and approved in the United States involve taxpayer investment. Between 2010 and 2019, every single new medicine approved by the Food and Drug Administration included taxpayer-funded research through NIH. Drug companies patent the drugs we pay to develop and then charge us exorbitant prices for them that increase every year — sometimes twice a year.鈥 — Terry Minow, Missoulian
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Melissa Hathaway鈥檚 INET article is featured in Inside Cybersecurity
May 19, 2021
鈥淸T]he U.S. Department of Justice should determine and make clear that paying a ransom is illegal,鈥 Hathaway said in an article posted May 13 by the 51黑料爆料网历史事件. 鈥淭his step would likely force organizations to further invest in their security and ability to withstand and recover from an incident (i.e., increase their resilience). Categorizing ransom payment as an illegal activity would also clearly remove coverage for these types of payments from insurance policies,鈥 Hathaway wrote.鈥 — Charlie Mitchell, Inside Cybersecurity
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INET Working Paper on the consolidation of the dairy industry is cited in Homeland Security Today
May 17, 2021
鈥淟arger dairy farms inevitably mean a system less geographically dispersed, larger environmental challenges with farm waste, and a less resilient system. The 51黑料爆料网历史事件 detailed these impacts in a recent report on the pandemic鈥檚 effects on dairy farmers, Spilt Milk: COVID-19 and the Dangers of Dairy Industry Consolidation: 鈥淭he COVID-19 pandemic led to the collapse in commercial demand as restaurants, caterers, schools and other institutional customers were forced to close. Dairy plants serving supermarkets and grocery stores were already operating at close to full capacity when the coronavirus struck. Capital equipment specialized to produce for commercial customers were incapable of producing for consumers served by supermarkets or food banks. Some farmers had no choice but to dump milk.鈥漑9] For the smaller dairy farmers, international (primarily Canadian) competition and price fluctuations are daily economic challenges.” — Charles Luke, Homeland Security Today … [9] Eileen Appelbaum and Jared Gaby-Biegle, 鈥淪pilt Milk: COVID-19 and the Dangers of Dairy Industry Consolidation,鈥 51黑料爆料网历史事件 for Economic and Policy Research, August 15, 2020, /uploads/papers/WP_134-Appelbaum-and-Gaby-Biegel.pdf
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INET Working Paper on the non-inflationary effects of unemployment reductions is cited in The Worker
May 17, 2021
“Among those contributions, recent works highlight the deep, radical revision of axioms considered cystic: that hysteresis, the permanence of high unemployment rates over time, is a basic condition to keep inflation under control. Professors Walter Paternesi, Davide Roamniello and Antonella Stirati have empirically demonstrated that this thesis is not permanent and that long-term unemployment can be reversed without a significant spike in inflation (/research/research- papers / on-the-non-inflationary-effects-of-long-term-unemployment-reductions). Another flagship of themainstream that can fall apart.” — Carles Manera, The Worker
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Bloomberg Quint covers INET's Law, Economics & Policy Conference
May 17, 2021
鈥淭he former ambassadors were speaking on a panel discussion at the law economics policy conference titled 鈥淪trategic Patience and flexible policies: How India can rise to the China challenge鈥 and organized by INET.鈥 — BQ Desk, Bloomberg Quint
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YSI member and INET intern, Atanas Pekanov is appointed acting Deputy Prime Minister for the EFM
May 12, 2021
鈥淭he new acting Deputy Prime Minister for EU funds is called Atanas Pekanov. The young expert, who recently turned 30, is an economist at the Austrian 51黑料爆料网历史事件 for Economic Research (WIFO) in Vienna, Austria, and a lecturer at the Vienna University of Economics and Business (WU Wien). … Member of the Young Researchers Initiative of the 51黑料爆料网历史事件.鈥 — Darik
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Thomas Ferguson is quoted in Rabble on money in politics
May 12, 2021
鈥淧olitical scientist Thomas Ferguson has documented how U.S. big business interests poured money into local and state elections to ensure positive support for their largely unpopular policies. What Ferguson calls “political investment” is the practice of spending serious sums on party competition to keep hand-picked, docile representatives in power.鈥 — Duncan Cameron, Rabble
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Arjun Jayadev article in the Hindustan Times describes what is needed to quickly roll the distribution of vaccines in India
May 10, 2021
鈥淧andemic management will also have to overcome the knotty issue of political economy. The blame game between the Union and state governments over an essential commodity such as oxygen is visible in court proceedings. We need a transparent mechanism that is perceived to be fair and trusted by all the stakeholders. Apart from dealing with the allocation of vaccines and other essential medical supplies such as oxygen, this body could suggest the financing pattern for sharing the expenditure on Covid management, including vaccine procurement. … Far too many lives have been lost to Covid. But as a challenge to India (and to humanity), it is certainly not an impossible task to manage the pandemic. But this can only happen effectively with cooperation, coordination, empathy, humility and scientific knowledge. It is not too late.鈥 — Arjun Jayadev, Hindustan Times
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Daily Kos features Lynn Parramore's interview on CounterSpin
May 9, 2021
鈥淛ust now read this fascinating interview by Janine Jackson of fair.org (Fairness & Accuracy In Reporting) with Lynn Parramore of the 51黑料爆料网历史事件 on how hedge fund managers are damaging American companies by pushing company managements to do stock buybacks. Basically, stock buybacks force up the price of a stock, allowing shareholders to make megabucks when they sell. Such buybacks were difficult until the Reagan administration loosened the regulations in 1982. Why are stock buybacks bad ? Because they divert money from research, from new investments and innovation, and from raising wages. The interview with Lynn Parramore goes into the details.鈥 — Daily Kos
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Joseph Stiglitz and Anton Korinek鈥檚 INET-funded research is cited in the NY Times
May 5, 2021
鈥淚n their December 2017 paper, 鈥淎rtificial intelligence, worker-replacing technological progress and income distribution,鈥 the economists Anton Korinek, of the University of Virginia, and Joseph E. Stiglitz, of Columbia — describe the potential of artificial intelligence to create a high-tech dystopian future. Korinek and Stiglitz argue that without radical reform of tax and redistribution politics, a 鈥淢althusian destiny鈥 of widespread technological unemployment and poverty may ensue.鈥 — Thomas B. Edsall, New York Times