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Results for " cleveland " 1,415 found 🔀 AI-powered Shuffle

Cavs score vs Pistons. Injury report, live game updates, highlights

The Cleveland Cavaliers face the Detroit Pistons and former Cavs coach J.B. Bickerstaff for the final time during the 2025-26 NBA regular season.

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Mar 3 • 6:01 PM EST • Sports • sports.yahoo.com
Small Businesses Hold Steady, but See a Rocky Road Ahead

Small businesses maintained steady performance in 2025, but a Cleveland Fed survey shows optimism for 2026 has faded as rising tariff costs squeeze margins.

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Mar 3 • 11:00 AM EST • Business • barrons.com
How to watch Cleveland Cavaliers vs. Detroit Pistons on Rock Entertainment Sports Network

The Cleveland Cavaliers are back Tuesday on the Rock Entertainment Sports Network.

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Mar 3 • 10:50 AM EST • Entertainment • cleveland19.com
What's Next for Browns After Trading for Tytus Howard?

With Tytus Howard joining the Cleveland Browns via trade, key opportunities to continue filling out the o-line loom large in the coming weeks

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Mar 2 • 10:29 PM EST • Sports • sports.yahoo.com
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Cleveland Browns hit an ‘exciting milestone’ in stadium project

Construction crews started to dig the hole on Monday that will eventually become the sparkling indoor stadium.

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Mar 2 • 6:38 PM EST • Sports • sports.yahoo.com
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State eliminates 8 applicants seeking money for sports facilities upgrades and construction

14 sports facility projects across Ohio, including 3 in Cleveland, are seeking a combined $689 million

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Mar 2 • 2:47 PM EST • Sports • cleveland.com
Browns 2026 NFL draft picks after OT Tytus Howard trade

The 2026 NFL draft is around the corner with the Cleveland Browns having 9 draft picks after the Tytus Howard trade

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Mar 2 • 11:41 AM EST • Sports • sports.yahoo.com
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Cleveland Clinic Establishes Women’s Integrated Sports, Exercise and Research Center

New Center will support the health, wellness and performance goals for female athletes at any age or ability

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Mar 2 • 8:00 AM EST • Sports • newsroom.clevelandclinic.org
Deshaun Watson expected to start for Cleveland Browns in 2026

The NFL Scouting Combine is coming to a close, and there have been a number of great performances recorded. There have also been some interesting reports coming out of the combine. Of the teams at the combine, the Cleveland Browns…

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Mar 1 • 9:00 AM EST • Sports • sports.yahoo.com
Winners and Losers: Cleveland Cavaliers at Detroit Pistons

The Cavs came up short on the road.

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Feb 27 • 11:50 PM EST • Sports • sports.yahoo.com
Pistons vs Cavaliers preview: Send a message to Cleveland’s bigs

Unfortunately, these potential Detroit Pistons statement games keep turning into who’s available games. The Pistons take on the new-look Cleveland Cavaliers tonight, but this won’t be the team Detroit might see in a seven-game series. Cleveland’s best player, Donovan Mitchell, is out tonight with a groin designation. Cleveland’s new addition, James Harden, is questionable with […]

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Feb 27 • 12:00 PM EST • Sports • sports.yahoo.com
See details for all the Ohio sports stadium & arena projects seeking state money

Cavs, Guardians, Bengals, Blue Jackets are far from alone in seeking help for stadium upgrades

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Feb 27 • 9:17 AM EST • Sports • cleveland.com
Cavaliers look to keep up with East-leading Pistons

The Cleveland Cavaliers hold the fourth spot in the Eastern Conference, but according to oddsmakers and bettors, they're the current favorite to represent the conference in the NBA Finals.

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Feb 26 • 4:48 PM EST • Sports • cbssports.com
Cuyahoga County is changing how first responders handle mental health crises

A new fund will help municipalities pair public safety professionals with behavioral health specialists to respond to residents in crisis.

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Feb 26 • 3:43 PM EST • Health • cleveland.com
Bedrock, Rock Entertainment Group unveil plans for 6,200-seat outdoor amphitheater on Cleveland riverfront operated by Live Nation
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Feb 26 • 10:30 AM EST • Entertainment • wkyc.com
Todd Monken Non-Committal, But Optimistic About Browns' Current QBs

New coach Todd Monken embraces looming open competition for Cleveland Browns QB role, but sees promise with current options.

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Feb 25 • 5:41 PM EST • Sports • sports.yahoo.com
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Meet the influencer Trump wants in charge of U.S. health

Wellness influencer Dr. Casey Means — a Stanford-trained physician and co-founder of Levels — is President Trump’s nominee for U.S. surgeon general.

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Feb 25 • 12:49 PM EST • Health • cleveland.com
Requests swamp Ohio sports stadium fund as Cleveland soccer joins rush

Bengals, Blue Jacks, Guardians, Cavs, Cleveland soccer facilities among those lining up for state help

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Feb 25 • 12:32 PM EST • Sports • cleveland.com
The brutal business of the NFL: Martin Emerson Jr. and J.O.K. face uncertain futures after Browns’ combine re

Andrew Berry's carefully worded comments at the NFL Combine cast serious doubt on whether either beloved Browns player will suit up for Cleveland again.

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Feb 25 • 9:00 AM EST • Business • cleveland.com
Will team owner greed prevail over the public good in Ohio sports facility financing? Editorial

At a minimum, any publicly funded gilding of the Guardians’ and Cavs’ resources for facility upgrades should be paired with a required renegotiating of the facility leases to take local taxpayers off the hook for any further obligation to pay for repairs and upgrades, writes the editorial board of The Plain Dealer and cleveland.com.

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Feb 25 • 5:51 AM EST • Sports • cleveland.com
Cleveland's next big sports destination: Cosm

The venue will serve as an anchor for Cleveland's riverfront development plan.

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Feb 24 • 6:20 AM EST • Sports • axios.com
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Prior authorization is a top health care burden, KFF poll finds

About 32% of Americans say prior authorization requirements are a major burden, more than billing confusion or finding appointments, according to the January 2026 survey.

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Feb 23 • 12:49 PM EST • Health • cleveland.com
Dru Joyce Classic | April 10, 2026 | Greater Cleveland Sports Commission

Dru Joyce Classic returns to Cleveland! Cleveland is set to host one of the nation’s premier youth basketball events. From April 10-12, 2026, the Dru Joyce Classic will take over the I-X Center, bringing elite competition and a significant economic boost to Northeast Ohio. This three-day tournament is a cornerstone of the...

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Feb 23 • 8:48 AM EST • Sports • clevelandsports.org
Shedeur Sanders Receives Major Praise From Fellow Browns' Rookie

Cleveland Browns standout linebacker Carson Schwesinger heaps praise on fellow rookie Sheduer Sanders

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Feb 22 • 11:03 PM EST • Sports • sports.yahoo.com
Photos: Best images from Thunder's 121-113 win over Cavaliers

The best photos from the Oklahoma City Thunder's 121-113 win over the Cleveland Cavaliers.

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Feb 22 • 6:24 PM EST • Sports • sports.yahoo.com
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Non-profit helps inspire new generation of scientists

Rise Up: Northeast Ohio is tackling inequity by bringing hands-on science education to Cleveland Metropolitan School District.

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Feb 22 • 4:32 PM EST • Science • spectrumnews1.com
Thunder vs. Cavaliers prediction, odds, line, time: 2026 NBA picks for Sunday, Feb. 22

SportsLine's proven model has revealed its Cleveland Cavaliers vs. OKC Thunder NBA picks today

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Feb 22 • 10:54 AM EST • Sports • cbssports.com
Cleveland Browns news (2/22): The Scouting Combine is calling

The latest Cleveland Browns news and notes from around the NFL in the Sunday Dawg Chow.

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Feb 22 • 6:30 AM EST • Sports • sports.yahoo.com
Royal Business Equipment in Elyria has served community since 1962

The Royal Business Equipment, 591 Cleveland St. in Elyria, has been a part of the community since 1962. Glenn Pubal, owner of Royal Business Equipment, said his father owned a gas station and also …

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Feb 22 • 6:05 AM EST • Business • morningjournal.com
NFL Draft Expert Reveals Bold Browns' Draft Strategy
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Feb 21 • 3:01 PM EST • Sports • sports.yahoo.com
Cleveland Browns 2026 NFL draft profile: Denzel Boston, WR, Washington

The Washington pass catcher will hear his name called early in April.

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Feb 21 • 11:20 AM EST • Sports • sports.yahoo.com
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Reality star says she’s facing a new health challenge in 2026

Nicole “Snooki” Polizzi reveals her cervical cancer diagnosis and urges women to stay on top of health screenings after early detection.

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Feb 20 • 5:49 PM EST • Health • cleveland.com
‘This city shows up’: Cleveland Heights celebrates Laila Edwards’s historic Olympic gold

The 22-year-old became the first Black woman to win an Olympic hockey title on Thursday. Those she grew up alongside couldn’t hide their delight

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Feb 20 • 5:00 AM EST • Sports • theguardian.com
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Cleveland, Liberty defeat Florida International 90-89 in OT

LYNCHBURG, Va. (AP) — Zach Cleveland scored 18 points, five in overtime, as Liberty defeated Florida International 90-89 on Thursday.

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Feb 20 • 12:04 AM EST • Sports • cbssports.com
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NEOMED launches new mental health assistant program

Northeast Ohio Medical University created a master's degree program to train certified mental health assistants who can prescribe medications under physician supervision in 75 Ohio counties facing shortages.

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Feb 19 • 12:42 PM EST • Health • cleveland.com
Carroll scores 26, Youngstown State beats Cleveland State 106-82

YOUNGSTOWN, Ohio (AP) Cris Carroll scored 26 points as Youngstown State beat Cleveland State 106-82 on Wednesday.

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Feb 18 • 9:14 PM EST • Sports • cbssports.com
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A rare Paul McCartney and Wings trove heads to the Rock Hall

The exhibit opens May 15 at the Cleveland home of the Hall, where McCartney has been inducted twice.

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Feb 18 • 7:21 AM EST • Entertainment • spectrumnews1.com
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Viking Sports Weekly {February 16}

This Week's Events

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Feb 16 • 5:49 AM EST • Sports • csuvikings.com
Rising optimism among small and middle market business leaders suggests growth for Ohio

Business optimism is returning for small and midsize business leaders at the start of 2026, fueling confidence and growth plans.

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Feb 13 • 1:35 PM EST • Business • signalcleveland.org
Opinion: For a meaningful retirement, stay engaged by substitute teaching

Retirement sounds perfect — no meetings, no deadlines, no office politics. I first tried it at 65. That was a decade ago. I failed — repeatedly.Short-term projects were too interesting to pass up. And while my breaks between assignments were relaxing, I wasn’t ready to disengage entirely. I enjoyed the freedom retirement offered, yet I still craved structure, purpose, and a sense of contribution.Now I’ve found an option that comes surprisingly close to the best of both worlds: substitute teaching.

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Feb 13 • 5:50 AM EST • Business • crainscleveland.com
Browns 2026 record according to ChatGPT: Total AI shocker

After a 5-win season, ChatGPT’s 2026 win total projection for Cleveland is a number no one saw coming.

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Feb 12 • 7:57 PM EST • Sports • sportingnews.com
Easy Out is the antidote to Cleveland's sports bar insufficiencies

👋 Sam here. The best thing I ate this week were the loaded fries from Easy Out (11822 Detroit Ave.), the new sports bar at the Cleveland-Lakewood border.

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Feb 12 • 6:27 AM EST • Sports • axios.com
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Why J.D. Vance wants Olympians to stop talking about politics

At the Winter Olympics, JD Vance urges Team USA to play their sport and avoid political comments that divide fans and spark online backlash.

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Feb 11 • 3:46 PM EST • Politics • cleveland.com
Powering progress: Women driving science at CWRU | CWRU Newsroom | Case Western Reserve University

Across Case Western Reserve University, women in science are shaping the future through curiosity, creativity and impact. From classrooms and labs to ...

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Feb 11 • 9:53 AM EST • Science • case.edu
Donovan Mitchell, James Harden rally surging Cavaliers over Nuggets

Donovan Mitchell made two free throws with less than a second left and the visiting Cleveland Cavaliers rallied to beat the Denver Nuggets on Feb. 9.

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Feb 10 • 1:01 AM EST • Sports • beaconjournal.com
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Viking Sports Weekly {February 9}

This Week's Events

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Feb 9 • 6:17 AM EST • Sports • csuvikings.com
Explore 8 health science programs at Lakeshore College’s Cleveland career showcase

CLEVELAND (WLUK) --Discover how eight health science programs can lead to an exciting career at a local college this week.Wednesday, Lakeshore College is hosti

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Feb 9 • 5:08 AM EST • Science • fox11online.com
Cleveland business damaged by fire

Just before 9 p.m. on Saturday, the Cleveland and Newton fire departments responded to B&B Metals Processing for a report of heavy black smoke coming from one of the buildings.

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Feb 8 • 9:16 PM EST • Business • wbay.com
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Browns RB Quinshon Judkins concerning injury update comment

The Cleveland Browns offense needs a lot of help including RB Quinshon Judkins returning from a gruesome injury

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Feb 8 • 7:36 AM EST • Sports • dawgsbynature.com
Todd Monken Offers Enticing Vision for Future of Browns' Offense
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Feb 7 • 3:31 PM EST • Sports • roundtable.io
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Parents are ruining youth sports with their escalating misbehavior in the stands

Violence in the stands. Attacks on referees. Why can’t parents just let the children play?

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Feb 6 • 2:18 PM EST • Sports • cleveland.com
Jim Schwartz resigns as Browns defensive coordinator

Schwartz leaves after three seasons leading Cleveland's defense

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Feb 6 • 12:19 PM EST • Sports • cbssports.com
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Hanford Dixon awarded Lifetime Achievement Award at the Greater Cleveland Sports Awards

Dixon is the 23rd recipient of the award

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Feb 6 • 9:27 AM EST • Sports • clevelandbrowns.com
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Outdated air quality codes negatively affect Clevelanders’ health

Failing to update air-quality standards in the city of Cleveland would leave African American communities vulnerable and thus shorten lives, writes Yvonka M. Hall, of Cleveland, CEO of the Northeast Ohio Community Resilience Centre, in a letter to the editor.

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Feb 5 • 9:07 PM EST • Health • cleveland.com
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2025 NFL draft redo changes Browns roster, future greatly

The Cleveland Browns 2025 NFL draft, along with DE Myles Garrett, is the team’s foundation. ESPN’s redraft changes that

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Feb 5 • 8:11 PM EST • Sports • dawgsbynature.com
How to watch Greater Cleveland Sports Awards on Rock Entertainment Sports Network

Rock Entertainment Sports Network (RESN) and Cleveland’s 43 WUAB are broadcasting the 26th Annual Greater Cleveland Sports Awards.

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Feb 5 • 10:53 AM EST • Entertainment • cleveland19.com
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Oklahoma Supreme Court clears Rock Creek Entertainment District in Cleveland County

The Oklahoma Supreme Court ruled in favor of the Rock Creek Entertainment District, allowing the $1.1 billion project in Cleveland County to proceed.

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Feb 5 • 5:00 AM EST • Entertainment • journalrecord.com
De’Andre Hunter describes Cavs experience after Kings trade

Sacramento Kings forward De'Andre Hunter opens up on the Cleveland Cavaliers trade and the time he spent with the organization.

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Feb 5 • 1:36 AM EST • Sports • clutchpoints.com
Greater Cleveland Sports Awards | February 05, 2026 | Greater Cleveland Sports Commission

Experience the Biggest Night In Cleveland Sports! 26th Greater Cleveland Sports Awards, presented by Ancora and Minutemen Workforce Solutions, will take place on Thursday, Feb. 5, 2026, at Rocket Arena. The event will celebrate and honor the athletic achievements of Northeast Ohio from high school standouts and inspiring community stories to...

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Feb 4 • 7:00 PM EST • Sports • clevelandsports.org
Delegation from Cleveland Clinic’s Global Network to Share Knowledge at World Health Expo Dubai

Experts from Cleveland Clinic’s international locations will share strategies for healthcare excellence and insights into innovative treatments and medical research at World Health Expo Dubai.

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Feb 4 • 7:00 AM EST • Health • newsroom.clevelandclinic.org
Harden to join Cavaliers in pursuit of first title

James Harden is set to join the Cleveland Cavaliers from the Los Angeles Clippers, with Darius Garland moving in the opposite direction.

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Feb 4 • 3:45 AM EST • Sports • bbc.com
Browns HC Todd Monken provides refreshing take, plans for team

Everyone wins the introductory press conference but one part from Cleveland Browns HC Todd Monken stood out

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Feb 3 • 6:06 PM EST • Sports • dawgsbynature.com
Candy experiments teach chemistry at Great Lakes Science Center

Smitten with Science programming features Candy Chromatography workshops on Feb. 8, 15 and 22, teaching kids STEM concepts through hands-on candy experiments led by Andy Pallotta.

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Feb 3 • 8:44 AM EST • Science • cleveland.com
Expected rise in uninsured Ohioans could signal new stress for providers, poorer public health

Expiration of enhanced tax credits that helped hundreds of thousands of Ohioans afford health insurance has the health care industry bracing for new stress on already-challenged resources and a long-term decline in public health.

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Feb 2 • 5:30 AM EST • Health • cleveland.com
Viking Sports Weekly {February 2}

This Week's Events

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Feb 2 • 4:49 AM EST • Sports • csuvikings.com
Browns DC Jim Schwartz updates: Reconciliation possible?

Cleveland Browns HC Todd Monken has made a lot of moves but none on defense. DC Jim Schwartz updates are interesting

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Feb 1 • 5:54 PM EST • Sports • dawgsbynature.com
Showcasing science to board members

INDEPENDENCE, Ohio – Youngsters at Independence Middle School took their science knowledge directly to the board of education.

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Feb 1 • 1:27 PM EST • Science • cleveland.com
Browns DC Jim Schwartz should be given an ultimatum

The Cleveland Browns need a decision on Jim Schwartz and very soon. Todd Monken must build his staff.

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Feb 1 • 12:55 PM EST • Sports • dawgsbynature.com
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
Todd Monken Continues Ravens Pipeline With Ian Kolste Hire

Former Ravens offensive analyst Ian Kolste is joining Todd Monken’s Browns staff, continuing Cleveland’s Ravens-influenced approach.

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Feb 1 • 8:48 AM EST • Sports • ravenswire.usatoday.com
Browns set to interview yet another Ravens assistant

Todd Monken continues to build his staff with the Browns and it's another Ravens assistant.

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Feb 1 • 8:06 AM EST • Sports • brownswire.usatoday.com
Cleveland Browns 2026 NFL draft profile: Ty Simpson, QB, Alabama

Is the Alabama quarterback the second best option in this year's class?

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Jan 31 • 7:53 PM EST • Sports • brownswire.usatoday.com
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Why Haven't The Guardians Added Anymore Bats This Offseason?

The Cleveland Guardians have tried to add external bats, but remain committed to their young core.

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Jan 31 • 2:25 PM EST • Sports • roundtable.io
Browns poach another Ravens assistant to join Todd Monken's staff

Todd Monken's staff is coming together with the Browns as he fills the OC position.

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Jan 30 • 6:57 PM EST • Sports • brownswire.usatoday.com
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Health officials confirm measles case, warn of possible exposure in Norman

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

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

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

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Jan 30 • 6:22 PM EST • Health • okcfox.com
‘Something bigger than business’: Greater Cleveland shops take part in ICE protest boycott
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Jan 30 • 4:52 PM EST • Business • wkyc.com
Geauga County seeks applicants for Board of Health vacancy

Geauga County seeks applicants for a Board of Health vacancy; applications due by Feb. 25 for a five-year term starting March 2026.

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Jan 30 • 8:30 AM EST • Health • cleveland.com
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Lakers routed in LeBron's possible last game in Cleveland

Donovan Mitchell scored 25 points and the Cleveland Cavaliers routed the Los Angeles Lakers 129-99 on Wednesday, spoiling what might be the final Cleveland game for superstar LeBron James.Jaylon Tyson added 20 points for the Cavs and De'Andre Hunter scored 19 off the Cleveland bench while Luka Doncic had a game-high 29 points for the Lakers (28-18), who also had eight points from Bronny James, LeBron's son.

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Jan 28 • 11:40 PM EST • Sports • sports.yahoo.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
LeBron James scores only 11 points in what could be his final game in Cleveland, as Cavs throttle Lakers

It wasn't LeBron's night, although Bronny James scored eight points down the stretch of the blowout.

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Jan 28 • 9:34 PM EST • Sports • sports.yahoo.com
Mike DeWine says biggest mistake as governor was to sign bill legalizing sports gambling

Gov. Mike DeWine says he considers his signing of legislation legalizing sports gambling his biggest mistake as governor. “Any control that we can get over this, anything we can do, we should be doing,” DeWine said Wednesday.

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Jan 28 • 4:47 PM EST • Sports • cleveland.com
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DeWine defends hemp beverage ban: Businesses knew the risks

A veto by Gov. Mike DeWine eliminated a provision that would have allowed popular THC drinks to remain on sale through the end of 2026. The governor said Wednesday businesses knew the risks when they got started.

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Jan 28 • 4:35 PM EST • Business • cleveland.com
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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
Cleveland Browns to hire Todd Monken as new coach

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

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