CUPERTINO, CALIFORNIA - Apple has announced that Dr. Wanda Austin, former president and CEO of The Aerospace Corporation, has been nominated for election to Apple's board of directors. Dr. Austin brings a wealth of experience in science and technology to her new role and has a proven track record of advancing innovation and shaping corporate strategy.As the first woman and the first African American to hold the position of president and CEO of The Aerospace Corporation, Dr. Austin led an organization dedicated to supporting the U.S. space program and expanding...
Prof. Jonathan Lear, an esteemed philosopher and ethicist, has been announced as the speaker for the 2024 Nora and Edward Ryerson Lecture. The lecture, which will take place on April 2 at 5 p.m., will be held at the Rubenstein Forum's Friedman Hall. This annual event, organized by the University of Chicago, aims to recognize scholars who have made significant contributions to research.The Ryerson Lecture has a long-standing tradition at the University of Chicago, with faculty nominating a peer who has made lasting contributions to their field. The lecture is not only open...
MIT is set to inaugurate its new music building, a 35,000-square-foot facility adjacent to Kresge Auditorium, in spring 2025. The new building, also known as Building W18, aims to provide better support for MIT's thriving musical program. It will feature high-quality rehearsal and performance spaces, a professional recording studio, classrooms, and laboratories for the music technology program.According to Keeril Makan, the Michael (1949) and Sonja Koerner Music Composition Professor and associate dean of the School of Humanities, Arts, and Social Sciences, the new music...
The National Retail Federation (NRF) has projected that holiday spending in November and December will surpass $957.3 billion in 2023, indicating a growth of 3% to 4% compared to the total holiday spending of $929.5 billion in 2022.
A study conducted by the Consumer Financial Protection Bureau (CFPB) reveals that a significant number of Americans are taken aback by the high interest they incur on their overdraft fees. The report further suggests that these consumers have more affordable credit options at their disposal.
The Consumer Financial Protection Bureau (CFPB) has identified that numerous college-sponsored financial products impose high and unusual fees. The annual student banking report discovered that students encounter steep costs and unfavorable terms on college-endorsed credit cards and a variety of financial products.
Ghada Ijam, the chief information officer of the Federal Reserve System, was officially inducted into the CIO Hall of Fame on Aug. 16, according to a press release. The recognition took place during a ceremony held as part of the 2023 CIO 100 Symposium & Awards, which took place in Rancho Palos Verdes, California.
In its most recent policy review, the Monetary Policy Committee for the Reserve Bank of India (RBI) chose to keep a key short-term policy rate, the repo rate, steady at 6.50%.
If enacted, the "Limit, Save, Grow Act of 2023" could negatively affect near-term economic growth, with real GDP being 0.65 percentage points lower in the year ending in the fourth quarter of 2024 compared to a scenario with a clean debt limit increase.
MIT researchers have published a paper in Nature Energy outlining a path for scaling the clean hydrogen industry while limiting emissions. The researchers aim to assist regulators in supporting the growth of the clean hydrogen industry, which is crucial for decarbonizing various industries such as steel manufacturing and fertilizer production.One of the main challenges in scaling hydrogen production is the sourcing of clean electricity. Currently, the US electric grids are primarily powered by fossil fuels, so if hydrogen production increases, it could result in a...
