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Welcoming Vanderbilt Clarksville Hospital into the Vanderbilt Health family: Photo gallery

Vanderbilt Health staff traveled from around the region for an Employee Welcome Event on Wednesday, Feb. 4, to greet new colleagues at Vanderbilt Clarksville Hospital, which officially joined the enterprise Feb. 2.

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Feb 5 • 11:20 AM EST • Health • news.vumc.org
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Google’s full lineup of Pixel 10a colors leak, including vibrant ‘Berry’

Google surprised us all yesterday with an official confirmation of the Pixel 10a ahead of its February 18th preorder date,...

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Feb 5 • 10:30 AM EST • Technology • 9to5google.com
OpenAI launches new enterprise platform in bid to win more business customers

Frontier can work with OpenAI agents, enterprise-build agents, as well as agents from third parties like Google, Microsoft and Anthropic.

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Feb 5 • 9:00 AM EST • Business • cnbc.com
Super Bowl LX: How Josh McDaniels Revived Patriots’ Explosive Offense

While Drake Maye's MVP-caliber play may be a surprise, it's no coincidence that Josh McDaniels has New England's offense humming again.

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Feb 5 • 8:22 AM EST • Sports • foxsports.com
Fallout Fans Rejoice As Surprise Launch Confirmed, Pre-Orders Open Today

A Fallout announcement has leaked ahead of today's Nintendo Direct, but it's not the game reveal fans were likely hoping for.

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Feb 5 • 5:40 AM EST • Technology • gamingbible.com
Surprise! Hollow Knight - Nintendo Switch 2 Edition Launches Today

Who could have seen that coming?

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Feb 5 • 5:15 AM EST • Technology • nintendolife.com
Taiwan's ASE sees its advanced packaging business doubling to $3.2 billion in 2026

ASE Technology Holding, ​the world's ‌largest chip packaging and testing ‌provider, on Thursday said it expects its leading-edge advanced ⁠packaging business ‌to double in size to $3.2 ‍billion in 2026. The Taiwanese company made the comment ​on a conference ‌call following its quarterly earnings, which saw it report fourth-quarter revenue of ⁠T$177.9 billion ($5.62 billion), ​up 9.6% ​from a year earlier. It booked ‍a ⁠58% rise in net income.

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Feb 5 • 2:35 AM EST • Business • finance.yahoo.com
Timing of Sorensen axe 'a surprise'

The timing of Everton's decision to sack Brian Sorensen came as a surprise, just hours after the transfer deadline closed and the addition of Roma midfielder Zara Kramzar to their ranks. Supporters have grown increasingly frustrated by their performances with Sorensen seemingly still unsure on his best XI and often using players out of position.

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Feb 5 • 2:34 AM EST • Sports • bbc.com
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Bank of England expected to leave interest rates on hold after rise in inflation

Rolling coverage of the latest economic and financial news

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Feb 5 • 2:05 AM EST • Business • theguardian.com
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Fears of nuclear arms race rise as US-Russia treaty expires

The expiration of the last remaining nuclear treaty between the United States and Russia on Thursday has sparked fears about a nuclear arms race, with the two biggest nuclear superpowers without limits on their arsenals for the first time in decades.

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Feb 5 • 12:00 AM EST • Politics • cnn.com
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Small Business Focus: The State of Black Entrepreneurial Enterprises

This article is written and sponsored by Arlington Economic Development. February is Black History Month, and this year the Small Business Coordinating Council will spotlight the State of Black Entrepreneurship with three dynamic speakers: Eric Alston and William Mitchell of WACIF, and Darin Cox, owner of The Peach Cobbler Factory in Washington, D.C. Over the

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Feb 4 • 4:45 PM EST • Business • arlnow.com
Coffee drive-thru closes due to business rate rise

Frazer Habershon says he was facing a rise in business rates from £7,350 to nearly £32,000 per year.

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Feb 4 • 4:07 PM EST • Business • bbc.com
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IBX’s commitment to getting health care right

Health care costs are weighing heavily on everyday Americans and their families. Across the country, more people are seeking health care and prices for medical care and prescriptions continue to rise. As a result, health insurers are increasing premiums to keep up. At the same time, employer provided health coverage is eating into paychecks. All of this is making it more difficult for hardworking Americans to afford the coverage and care they deserve.

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Feb 4 • 12:42 PM EST • Health • phillyvoice.com
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2026 NFL Draft's biggest stock-risers after Senior Bowl

Even if the "bar was low," like in the case of LSU's Garrett Nussmeier, the beginning of the 2026 NFL Draft's audition period was proof there's still a long way to go.

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Feb 4 • 11:47 AM EST • Sports • cbssports.com
The Collectiv launches AI native, dual-use sports, health, wellness & accelerator in Rice’s Ion District

The Collectiv Foundation, in collaboration with Rice, today announced the creation of the AI Native Dual-Use Sports, Health & Wellness Accelerator powered by The Collectiv in Houston’s Ion District, a 16-acre innovation hub in Houston’s Midtown developed by Rice. The accelerator platform is designed to support early-stage founders building artificial intelligence technologies validated in sports and scaled across health, enterprise and consumer markets.

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Feb 4 • 7:00 AM EST • Health • news.rice.edu
SBA Shuts Doors On Small Business Loans To Green Card Holders In Latest Anti-Immigration Move

The policy, which goes into effect March 1, requires 100% of direct and indirect owners of loan applicants to be U.S. citizens or U.S. nationals residing stateside or within U.S. territories.

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Feb 4 • 7:00 AM EST • Business • yahoo.com
Europe and North America Home and Small Business Security System Market Report 2026: DIY Convergence, AI Integration, and Smart Home Competition Reshape the Landscape

Significant opportunities exist in expanding home and small business security systems, particularly in Europe, where penetration is lower. Growth is driven by interactive services, smart home integration, and the rise of DIY security solutions, posing challenges and opportunities for traditional providers. Installed Base of Profesionally Monitored Home and Small Business Alarm Systems in EU27+3 and North America, 2024-2029 Installed Base of Profesionally Monitored Home and Small Business Alarm S

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Feb 4 • 6:14 AM EST • Business • finance.yahoo.com
Opinion: Who really pays for business tax cuts in New Hampshire?

Discover the potential consequences of a proposed Business Enterprise Tax cut in New Hampshire, including budget strain and minimal benefits for businesses.

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Feb 4 • 6:00 AM EST • Business • concordmonitor.com
‘Things Have Not Changed’: What ‘Heated Rivalry’ Gets Right About Men’s Sports

The show, about a romance between two closeted pro hockey players, is a surprise hit. But its popularity underscores how little has changed in the hypermasculine world of men’s professional sports.

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Feb 4 • 5:02 AM EST • Sports • nytimes.com
Relay Resources Adds Vice Presidents of Employee Experience, Business Transformation

PORTLAND, Ore., February 04, 2026--Relay Resources, the Pacific Northwest’s leading social enterprise nonprofit committed to advancing disability inclusion in the workplace, has added two senior leaders to its executive team: Oscar Rico-Cazares was named Vice President, Employee Experience and Talent Management, while Paulien van Uden was promoted to Vice President of Business Transformation.

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Feb 3 • 7:06 PM EST • Business • finance.yahoo.com
Yahoo Sports: Jalen Brunson was built for New York

In the latest Boardroom Cover Story, Jalen Brunson reflects on leadership, fatherhood, MSG, and his rise as the Knicks’ franchise cornerstone.

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Feb 3 • 4:20 PM EST • Sports • nba.com
Bellevue University Online Data Science Ranked #3

Bellevue University earned the No. 3 spot for its online Bachelor of Science in Data Science program in TechGuide’s 2026 Best Online Bachelor’s in Data Science Programs rankings.The ranking marks a significant rise from last year, when the program placed No. 11. The move reflects continued development of the program and sustained academic pe...

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Feb 3 • 1:52 PM EST • Science • news.bellevue.edu
What Happens If Science Finally Explains Consciousness? A New Study Explores the Consequences

Consciousness remains science’s greatest mystery. A new study explores how it arises—and why solving it could reshape existence.

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Feb 3 • 8:07 AM EST • Science • thedebrief.org
Research Finds Interaction With Father, Not Mother, Affects Child Health

A long-term study of 292 families linked fathers’ parenting style to their children’s heart health years later. To researchers’ surprise, no such link was found with mothers.

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Feb 3 • 7:51 AM EST • Health • nytimes.com
The hottest job in tech: Writing words

The rise of slopaganda is fueling a surprising tech hiring boom.

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Feb 3 • 4:17 AM EST • Business • businessinsider.com
Patriots Veteran Made Predictable Choice At Super Bowl Opening Night

New England Patriots wide receiver Mack Hollins didn’t wear shoes to Super Bowl Opening Night on Monday. Surprised? No, of course you aren’t! Hollins, who says that he only wears shoes when necessary and likes being barefoot because it strengthens his feet, ankles, and knees, once again let those things breathe during his media availability […]

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Feb 3 • 12:58 AM EST • Sports • sports.yahoo.com
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Eliot Wolf reflects on Patriots’ unlikely Super Bowl rise

Eliot Wolf reflected on this season when speaking exclusively with Patriots Wire at Super Bowl LX opening night.

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Feb 2 • 11:07 PM EST • Sports • patriotswire.usatoday.com
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From 'Wolverine' healing claims to health warnings: The unregulated rise of peptides

Peptides are one of the newest trends in the beauty industry. But how do they work and are they safe?

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Feb 2 • 8:13 PM EST • Health • abc7.com
WHO launches 2026 appeal to help millions of people in health emergencies and crisis settings

The World Health Organization (WHO) today launched its 2026 global appeal to ensure millions of people living in humanitarian crises and conflicts can access health care.

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Feb 2 • 7:00 PM EST • Health • who.int
Winter Olympics 2026: Figure skating’s first controversy arises from … music copyright law
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Feb 2 • 12:40 PM EST • Sports • sports.yahoo.com
Comcast Resets Connectivity Business As Legal And Sports Stakes Rise

Comcast (NasdaqGS:CMCSA) is overhauling its connectivity business, appointing Steve Croney as CEO of Connectivity & Platforms. The company is shifting its broadband and wireless approach, including simplified pricing and new partnership models. A recent patent ruling resulted in a US$240 million judgment against Comcast. Comcast is rolling out RealTime4K streaming and other products ahead of major sports broadcasts such as the Olympics and the Super Bowl. For you as an investor, the story...

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Feb 2 • 10:11 AM EST • Business • finance.yahoo.com
The Supper Club turns Tuesday into an interactive night of dining and entertainment

The Supper Club is transforming Tuesdays into an intimate, after-dark experience where chef-driven cuisine meets live music, illusion and interactive performance – designed to surprise and delight.

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Feb 2 • 7:00 AM EST • Entertainment • prioritymarketing.com
NFL mock draft 2026: AI predicts the entire first round

USA TODAY Sports had Microsoft Copilot AI predict the entire first round of the 2026 NFL Draft. The experiment yielded a surprise omission.

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Feb 2 • 6:04 AM EST • Sports • usatoday.com
Hong Kong business confidence rises despite US-China tensions, survey notes

Business confidence in Hong Kong has improved for 2026 despite continuing global uncertainty, according to a survey report published on Monday by the American Chamber of Commerce in Hong Kong.

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Feb 2 • 5:31 AM EST • Business • reuters.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
After His Democratic Victory in Texas, a New Working-Class Star Rises

Taylor Rehmet, a machinist and union leader, pulled off a stunning State Senate win in Fort Worth and its suburbs. He is among several political outsiders seeking office.

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Feb 2 • 5:03 AM EST • Politics • nytimes.com
Geo-kleptocracy and the rise of 'global mafia politics'

Expert Alex de Waal explains how the capture of Maduro, leaving his corrupt regime in place, is a 'crystalline example' of regime change in the new era

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Feb 2 • 4:56 AM EST • Politics • responsiblestatecraft.org
I Went to the Grammys and the Best Performance of the Night Majorly Took Me by Surprise

I went to this year's Grammys in person, and it was a life-changing experience. But one performance in particular will stick with me for a very long time. Here, my Grammys review.

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Feb 2 • 12:30 AM EST • Entertainment • purewow.com
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Meningitis cases rise in major Midwestern city, prompting public health alert

Chicago health officials issue urgent alert after seven meningococcal disease cases, including two deaths. Know the symptoms and warning signs.

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Feb 1 • 1:41 PM EST • Health • foxnews.com
Why Disney is more expensive than ever

Disney park prices have risen faster than inflation, driven in part by the growing importance of parks to Disney's business.

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Feb 1 • 9:20 AM EST • Business • businessinsider.com
Surprising things about visiting Hawaii's friendliest island, Molokai

Although I'm a Hawaii local, many things surprised me about my first time visiting Molokai, nicknamed the Friendly Isle, on a recent trip.

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Feb 1 • 9:16 AM EST • Business • businessinsider.com
'Bridgerton' Is Finally Back — And It Surprises In All The Right Ways

Season 4 of the Netflix series puts the spotlight on a cross-class love story.

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Feb 1 • 8:00 AM EST • Entertainment • huffpost.com
How the left can win back the internet – and rise again

In the final part of this series, we look at how infighting has ripped the left apart online while the right has flourished – and how some progressives are turning the tide, says digital media academic Robert Topinka

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Feb 1 • 3:00 AM EST • Politics • theguardian.com
Security Bite: X going open-source is bad news for anonymous alt accounts

9to5Mac Security Bite is exclusively brought to you by Mosyle, the only Apple Unified Platform. Making Apple devices work-ready and enterprise-safe is...

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Jan 31 • 5:48 PM EST • Technology • 9to5mac.com
Expired Cans of Salmon From Decades Ago Preserved a Huge Surprise

A real can of worms.

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Jan 31 • 5:44 PM EST • Science • sciencealert.com
The P&Q Interview: Africa's Rabat Business School Looks To Seize The Moment Amid International Talent Shifts

Rabat Business School Dean Nicolas Arnaud on Africa’s rise, global rankings, and why the continent is drawing business schools’ attention.

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Jan 31 • 11:34 AM EST • Business • poetsandquantsforundergrads.com
LaRussell joins Super Bowl 60 entertainment lineup with game-day performance

The Vallejo rapper’s rise has never followed the industry playbook. Now, his hometown ethos is taking center stage at Super

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Jan 31 • 8:30 AM EST • Entertainment • yahoo.com
‘Food is medicine’ and the $800M shortfall: How WV hopes to change rural health care

With West Virginia now poised to lose hundreds of millions of dollars annually in federal health care funding, Gov. Patrick Morrisey plans to embrace a “food-is-medicine” movement to bridge the gap and make the state’s residents healthier so they’re less reliant on the health care system.

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Jan 31 • 7:00 AM EST • Health • wvgazettemail.com
Let ABC15 Know helps local business stuck in 'Google jail' after 40 days.

A Surprise small business owner says his company was shut out of Google's platform for over a month, and he couldn't get a clear explanation why.

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Jan 30 • 7:52 PM EST • Business • abc15.com
Bosses on six figures at under-fire health boards bank 10% pay rises

The temporary increase for executives at NHS Lothian and Greater Glasgow and Clyde is worth up to £20,000 a year.

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Jan 30 • 6:01 PM EST • Health • bbc.com
Feedback Friday: ‘Closer Look’ listeners react to intensifying daily politics, protests

This comes as tensions continue to rise in Minnesota after the shooting deaths of Alex Pretti and Renee Nicole Good by Immigration and Customs Enforcement agents. Earlier this month, Lemon and Fort both reported on a protest at Cities Church in St. Paul. It has been alleged that an ICE official serves as a pastor of the church, which sparked the protest. Following the incident, the Trump administration promised retaliation against Lemon.

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Jan 30 • 3:50 PM EST • Politics • wabe.org
Measles cases in South Carolina rise by 58 to 847, state health department says

South Carolina reported 847 measles cases on Friday, state health data showed, including 58 additional infections since Tuesday, as officials warned the widening outbreak could last weeks or months amid lagging vaccine uptake.

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Jan 30 • 12:56 PM EST • Health • reuters.com
The Penguins scoring depth is becoming biggest surprise of season

The Pittsburgh Penguins are still getting contributions from all over their lineup this season.

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Jan 30 • 10:45 AM EST • Sports • pensburgh.com
Senior Bowl Day 3 Risers

The Senior Bowl practices have concluded and the final day ended with a triumphant and chaotic finale. Who rose their stock in their last chance to perform in front of scouts before the Saturday game and the Combine?

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Jan 30 • 10:10 AM EST • Sports • stampedeblue.com
Radiologists continue to dominate in No Surprises Act payment disputes

The federal government recently released new data pertaining to the landmark legislation, meant to protect patients from receiving unexpected medical bills.

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Jan 30 • 7:52 AM EST • Business • radiologybusiness.com
‘Heated Rivalry’ can single-handedly save the entertainment industry

Ever since COVID and the rise of streaming services, the entertainment industry has been in a slump.

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Jan 30 • 6:00 AM EST • Entertainment • dailycampus.com
Gambling could become a mental health crisis for teen boys

A new report from Common Sense Media found that more than a third of boys ages 11 to 17 have gambled in the past year. NBC News Now Daily anchor Kate Snow joins the "Here's the Scoop" to discuss the rise in gambling among teenage boys and why some experts worry it could cause a mental health crisis.

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Jan 29 • 8:03 PM EST • Health • nbcnews.com
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The Observatory and WHO Ukraine reflect on productive partnership and continued collaboration

Why have some health systems coped better than others during the COVID-19 pandemic? Some answers might become clear if we could assess how resilient health systems are in response to crises or shocks, such as the current pandemic and other emergencies, including financial ones, or how well health systems were prepared for such events in the first place. The European Observatory on Health Systems and Policies has just published a new policy brief, “Strengthening health systems resilience”, which includes a framework to help policy-makers understand health system resilience and how to strengthen it. This policy brief highlights the key features of resilience and provides examples of strategies which have been applied in different countries.

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Jan 29 • 7:00 PM EST • Health • eurohealthobservatory.who.int
6 Tactics Black Businesses Can Apply To Spur Revenue Growth In A Post-DEI World

Starting roughly a year ago, DEI rollbacks have meant $217 million in lost federal contracts to small businesses, including Black-owned ones.

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Jan 29 • 4:30 PM EST • Business • finance.yahoo.com
Chappell Roan, Charli xcx, Teyana Taylor Among 2026 Grammy Presenters

An additional surprise presenter will be revealed onstage during Sunday night’s ceremony.

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Jan 29 • 3:28 PM EST • Entertainment • yahoo.com
theScore Bet Customers Flocking to Seahawks in Player Prop Markets

Seattle’s offense has averaged 36 points in the playoffs, so it's no surprise players like Jaxon Smith-Njigba and Kenneth Walker III are popular.

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Jan 29 • 2:19 PM EST • Sports • covers.com
Buncombe County officials hold public health briefing to address rise in measles

Buncombe County Public Health officials will hold a media briefing Thursday morning to update the community on measles in the county and state.

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Jan 29 • 10:56 AM EST • Health • wlos.com
Marsh's fourth-quarter profit rises on strength in insurance business

Insurance broker Marsh reported a rise in fourth-quarter profit on Thursday, helped by robust performance in its risk and insurance services business.

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Jan 29 • 7:16 AM EST • Business • reuters.com
Why some Northern Ireland pubs are 'getting it tight' over rates

Hotels have overall had an 84% rates increase, while pubs have risen by 47% due to an increase in their property valuations..

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Jan 29 • 3:57 AM EST • Business • bbc.com
Xi-Starmer meeting: Chinese leader tells PM he hopes both countries can ‘rise above differences’

At Beijing talks, British prime minister Keir Starmer tells Xi he wants a ‘more sophisticated’ relationship with China

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Jan 29 • 12:31 AM EST • Politics • theguardian.com
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Rise to the Occasion with Mega Evolution—Ascended Heroes in Pokémon TCG Live

Look forward to newly discovered Mega Evolution Pokémon, beautiful new artwork for fan-favorite cards, and more.

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Jan 28 • 7:00 PM EST • Technology • pokemon.com
Floods push crocodiles into Mozambican towns as health concerns rise

Floods in Mozambique have led to a new threat. Crocodiles are appearing in submerged towns and have killed at least three people. Torrential rains and severe flooding over the past month have killed more than 100 people in Mozambique, South Africa, and Zimbabwe. Thousands of homes have been destr...

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Jan 28 • 6:28 PM EST • Health • wral.com
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Virginia Tech visits coveted in-state LB Noah Glover

It’s a new era for Virginia Tech football and new head coach James Franklin is looking to make an impact on the recruiting trail for the Hokies. Virginia itself has been on the rise when it comes to producing blue-chip talent at the high school level. The 2026 cycle had multiple top-100 prospects in the […]

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Jan 28 • 4:58 PM EST • Sports • on3.com
$10 million gift to fuel transdisciplinary data science

Tom and Cathie Woteki, an alumni couple who made profound contributions to the fields of public health and applications of enterprise computing in their careers, have made a $10 million estate gift commitment to endow multiple faculty positions or fellowships, as well as create graduate fellowships, in the College of Science and College of Agriculture and Life Sciences.

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Jan 28 • 4:58 PM EST • Science • news.vt.edu
Viral Moltbot AI assistant raises concerns over data security

Security researchers are warning of insecure deployments in enterprise environments of the Moltbot (formerly Clawdbot) AI assistant, which can lead to leaking API keys, OAuth tokens, conversation history, and credentials.

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Jan 28 • 3:26 PM EST • Technology • bleepingcomputer.com
General Dynamics fourth-quarter revenue rises on strong defense business

General Dynamics posted a rise in fourth-quarter revenue on Wednesday, driven by growth in its combat and marine systems segments.

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Jan 28 • 7:18 AM EST • Business • reuters.com
Sharing Good News Pays Off for Palm View K-8 Science Teacher

On Friday, we were proud to SURPRISE and announce the second-ever recipient of the School District ...

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Jan 28 • 7:00 AM EST • Science • manateeschools.net
Vikings, other NFL teams not surprised Commanders hired Daronte Jones

Other NFL executives raved about new Commanders DC Daronte Jones.

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Jan 28 • 6:15 AM EST • Sports • commanderswire.usatoday.com
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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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Jan 28 • 5:00 AM EST • Health • nbcnews.com
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Trump’s Choice to Be Alabama’s Next Senator Finds an Odd Political Target: the Modern Gas Can

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Jan 28 • 4:45 AM EST • Politics • insideclimatenews.org
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Jan 28 • 2:47 AM EST • Business • finance.yahoo.com
Puma's long slide: the rise and fall of a German sports icon

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Jan 28 • 12:09 AM EST • Sports • reuters.com
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Measles cases in South Carolina rise by 89 to 789, state health department says

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Jan 27 • 1:46 PM EST • Health • reuters.com
On Immigration, the G.O.P. Finds Itself in a Shocking Place: On Defense

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Jan 27 • 1:29 PM EST • Politics • nytimes.com
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Jan 27 • 7:37 AM EST • Sports • grandforksherald.com
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Jan 27 • 7:34 AM EST • Business • marketwatch.com
North Korea launches short-range ballistic missiles into sea, show of force ahead of political meetings

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Jan 27 • 7:09 AM EST • Politics • foxnews.com
Breakdown In Federal Health Tracking Leaves U.S. Vulnerable To Outbreaks, Pandemics, Experts Warn

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Jan 27 • 6:55 AM EST • Health • usnews.com
CGI and OpenAI announce collaboration to help clients achieve business outcomes from advanced AI

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How Tennessee’s Speaker of the House Helped Keep a Payday Lender’s Struggling Sports Gambling Company Alive

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Labour MPs call for halt to business rate rise for music venues

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Jan 27 • 5:46 AM EST • Business • bbc.com
Who really pays for business tax cuts in New Hampshire?

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Jan 27 • 4:55 AM EST • Business • newhampshirebulletin.com
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Fiscal Policy Institute: BET tax cut would fail to spur business growth

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Indoor health risks rise during winter weather

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Jan 26 • 4:04 PM EST • Health • wdbj7.com
US business borrowing for equipment rises over 5% in December, ELFA says

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