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OpenAI chief economist says don't copy successful people's career
Ronnie Chatterji said studying high achievers' path is "relatively bad advice" as their career journey was "very context dependent."
Tested: Google SynthID works great, but labeling AI content may be a losing game
Deciding what's real on the Internet won't be easy in the future.
Gillian Welch and David Rawlings keep lost art of harmonizing alive
Grammy Award-winning folk duo Gillian Welch and David Rawlings will perform Wednesday, Aug. 5, at Hancher Auditorium in Iowa City.
The Science Behind the AI Panic Is Shakier Than You Think
A column by Sascha Lobo Is AI making us dumb? So asked DER SPIEGEL on its cover a while ago. After a few weeks of recovery and a therapeutic intervention with the help of my AI, I feel able to respond. That’s a bit unfair, of course; the article itself is more nuanced than the loud cover, the image of a schoolkid with dull prompt questions, or the subtitle: “AI is conquering the schools, and educators fear a disaster.” The short answer to “Is AI making us dumb?” is: no. The long answer is more interesting, and even carries a preliminary glimmer of the spectacular. Unfortunately, it requires a detour into the sphere of artificial intelligence, into the mogul-field terrain of technology assessment, the attention economy, and the destructive virus of cultural pessimism. Along with narrowing the scope to AI’s effects on education and work rather than on intelligence. Because the honest version of the question would be: Does AI help us learn and work, or not? Generative AI, which set off the still-ongoing hype with ChatGPT, has only existed in relevant distribution since late 2022, early 2023. For a technology-driven transformation of people and society, that is extremely short. For that reason alone, research is still in its infancy. And technology assessment is not a fast discipline anyway. Prominent voices from Elizabeth Eisenstein to RAND to Tom Wheeler say we still cannot conclusively judge the consequences of the printing press. Its invention is a mere 580 years back, and some scholars would rather not circulate assessments that might have to be retracted in two or three hundred years. We’re Going Through Growing Pains A phenomenon that already caused upheaval in social media research makes serious assessment of AI’s consequences even harder: the “moving target” problem of LLM-ology, as the linguist Sean Trott called it in 2025. AI develops so quickly and so unpredictably that researchers often end up studying snapshots of the past. There are concepts, from morphological analysis to anticipatory governance, for keeping research, planning, and regulation halfway meaningful anyway. But even with those, universally valid statements are rare. DER SPIEGEL - The German View is a reader-supported publication. To receive new posts and support our work, consider becoming a free or paid subscriber. Subscribe We should therefore treat findings about the interplay between humans and AI as far more procedural and situational. Unfortunately, this challenge comes at the worst possible time. We are going through growing pains: AI’s everyday impact has grown very large very fast, and with it the longing for guidance. Annoyingly, the body of solid knowledge has not exploded along with it. Experts cannot be moved to broad consensus on even banal statements about AI. Sascha Lobo, born in 1975, is an author and strategy consultant focusing on the internet and digital technologies. Together with Jule Lobo, he explores the debates of the day in the podcast “Feel the News – Was Deutschland bewegt” (”What Moves Germany”). Nvidia CEO Jensen Huang says software developers are dying out. Bill Gates considers coders one of only three professions that will survive the AI tsunami. Top tech economists find virtually irrefutable arguments both for and against an AI bubble. The same naturally applies to the structurally youth-hostile debate over whether AI is good or bad for young people. The gap between the demand for insight and the supply of solid knowledge creates an orientation vacuum. This vacuum of AI cluelessness is filled, as the attention economy described by Georg Franck in 1998 would have it, with half-knowledge (funnily enough, often AI-generated), marketing, and self-marketing. After all, infinite money is at stake, along with academia’s best current shot at global fame. But this iridescent froth of interpretation operates more by the algorithmic principles of the digital public sphere than by seriously earned insight. That is why dramatized, fear-feeding claims about AI are so promising. It tempts parts of academia into distorted drivel, and parts of the media then sensationalize the published drivel once more. Was the Research Aimed at a Desired Result? How badly this can influence academia and public perception is demonstrated by one of the most-discussed studies on AI’s effects: “Your Brain on ChatGPT.” The MIT study by Nataliya Kosmyna also gets plenty of space in the SPIEGEL cover story. What was measured and interpreted: lower brain activity in people who write with AI assistance, compared to people who only google or write without any tools. As is common with preprints, the study has not yet been peer-reviewed, and it contains substantial weaknesses that experts have sharply criticized. The first round had 54 participants in three groups, the second only 18, who reportedly also came from MIT’s own orbit. There was no preregistration (committing in advance to what you want to find out with which data). In their analysis, Stanković et al. even discovered an opposite effect that the study does not further explain. Some measurement data has not (yet) been published. And the EEG analysis method used is considered too imprecise to support such far-reaching conclusions. The biggest criticism, though, is the suspicion of an activism-driven study. In an interview with Time, lead author Kosmyna said she published the study immediately, rather than after full peer review, because she feared politicians might otherwise decide to put ChatGPT in kindergartens. She considers that absolutely harmful. It is legitimate to hold such a view. It just seems unscientific to approach a study with it, and then to design the setup so that the chance of a fitting desired result remains as high as possible. Ideologies Collide It is not easy to separate genuine AI insights from studies that trivialize and weaken well-founded AI criticism. The same goes for the opposing, AI-enthusiastic narratives, because the pro-AI side works against it with billions in resources. Ideologies collide, fed by egos, PR strategies, moral posturing, and once-in-a-lifetime opportunities. Doomsday marketing makes the search even harder: AI companies can profit from warnings about the dangers of AI, whether through the notoriety of apocalypse narratives or because, in some target groups, danger translates into power. Some seemingly negative findings are therefore quite welcome in the AI industry. If you try to get at the findings presumably less influenced by interest groups, the picture in education seems relatively clear: AI can improve educational outcomes when the right AI is used the right way, namely pedagogically. Simply dumping an AI chatbot into a classroom, by contrast, accomplishes little. Huge surprise. But something else is also obvious: whether they are allowed to or not, kids use AI for school, which is why the controlled integration of AI tools into education is, in the medium term, entirely without alternative. In the world of work, the landscape of findings is more complex and requires more differentiation. A series of serious studies points to an AI effect that suits neither the alarmists, regulation fetishists, and AI opponents, nor the trillion-dollar corporations with their armada of paid scientists, PR professionals, and ecosystems: working with AI helps the inexperienced (at least for now) considerably more than it helps the pros, in certain fields of work, and provided they know how to use it correctly. Missing Domain Knowledge Among the experienced, the professionals, and the high flyers, by contrast, despite frequent time savings, partially negative effects and new problems are emerging. Take the jagged frontier problem: AI solves task A brilliantly and fails completely at task B, even though both look similar even to professionals. Or the verification-cost problem, in which AI’s greater productivity gets eaten up by the enormous effort of checking its output. Or the illusion of competence, because AI makes new domains seem easily penetrable, until you painfully discover that deep domain knowledge is missing. Taken as a whole, the effects of working with AI do lean positive. But the promise that AI works as a turbocharger for everyone and boosts practically everything simply refuses to materialize. The AI magic the world has been feeling since ChatGPT arrived in late 2022 has so far barely shown up in most companies’ numbers. The consulting firm McKinsey has coined a term for this, the “gen AI paradox,” and believes that work processes and corporate structures would have to be rebuilt quite fundamentally to realize AI’s benefits at scale. Reuters just reported that only 3.3 percent of Microsoft’s customers have subscribed to the AI package Copilot. That may be down to the product; in other areas we continue to see soaring successes and new AI triumphs. But after the first quarter of 2026, disillusionment is the word for all too many AI projects at traditional companies: because the promised revolution of AI agents has so far failed to arrive or been postponed, and because of the leveling effect that many of the studies cited here suggest. Against Inequality The societal effects, on the other hand, appear rather encouraging. Many previous technologies operated on the Matthew principle, named for the Gospel verse about giving to those who already have: they tended to reward the more competent and more privileged. AI, however, seems more often to have an equalizing effect once a threshold of access and education is crossed. Some anecdotal insights point in this direction, for example, how an unemployed man in Leipzig successfully defended himself in court in 2025 against fraud accusations from Germany’s federal employment agency — without a lawyer, armed only with ChatGPT. The AI made mistakes and cited invented court rulings, but in the end the man walked away unpunished. And a key capability of artificial intelligence is its capacity to learn: set up correctly and fed with data, it can keep getting better. It is a question of time, or more precisely of AI innovations and training data, until even free AI chatbots write better legal briefs than law graduates with perfect exam scores. Whether that will make anyone dumb is something the world’s press will surely inform us of in due time. Subscribe Leave a comment
Former Ohio State defensive back signs massive extension with Browns
Former Ohio State and current Cleveland Browns defensive back Denzel Ward signed a massive contract extension with the Browns.
Denzel Ward agrees to second record contract extension with Browns
Georgia Wellstar Health System cuts hundreds of jobs
Georgia's Wellstar Health System is cutting 761 jobs, amounting to about 2% of its workforce. Officials say the layoffs don't affect its frontline healthcare employees.
Isabella Bellezza Receives the 2026 Merze Tate Award for “Exporting Homeland Security: Network Politics and the Globalization of Border Control” -
The Merze Tate Award is presented annually by the American Political Science Association (APSA) to honor the best doctoral dissertation in the field of international relations, law, and politics. Citation from the Award Committee: Isabella Bellezza’s dissertation, [...]
Live entertainment and sports are beneficiaries of AI, says Gabelli Funds' Chris Marangi
Chris Marangi, president and co-CIO of Value at Gabelli Funds, joins 'The Exchange' to discuss the latest market trends, why he sees live entertainment and sports as beneficiaries of AI, and more.
Live entertainment and sports are beneficiaries of AI, says Gabelli Funds' Chris Marangi
Chris Marangi, president and co-CIO of Value at Gabelli Funds, joins 'The Exchange' to discuss the latest market trends, why he sees live entertainment and sports as beneficiaries of AI, and more.
Cowboys Camp Preview, Offense: Can Schottenheimer Fix One Major Concern?
Real Madrid transfer news: Vinicius Junior to stay at the Santiago Bernabeu beyond this summer despite Arsenal interest
Vinicius Junior had been a target for Arsenal, but looks set to stay at Real Madrid beyond this summers transfer window; Jose Mourinho is understood to value the Brazilian highly; Sky Sports News revealed on Monday that talks over his future would take place this week
Expedition 33 Director Says End Of Physical Discs Is 'Super Sad'
The devs also revealed that their publisher discussed skipping physical, but figured players would want to 'hold it in their hands'
Elizabeth Hurley talks relationship with Billy Ray Cyrus and meeting Miley
Elizabeth Hurley and Billy Ray Cyrus are two peas in a country pod.
News | Sony revives iconic Hollywood theater as it bets on creative entertainment venues
Alamo Drafthouse to restore Cinerama Dome and ArcLight theaters
Deadline approaches for Barcelona’s offer for Julian Alvarez
FC Barcelona’s pursuit of Julian Alvarez has reached a crucial stage after club president Joan Laporta confirmed that the offer made for the Atletico Madrid striker would not remain valid indefinite...
Portsmouth sign Brooke-Smith on four-year deal
Portsmouth sign forward Luke Brooke-Smith from New Zealand side Wellington Phoenix for an undisclosed fee, on a four-year deal.
Misfolded insulin may be quietly driving diabetes
Researchers found that insulin-producing cells depend on a team of helper proteins to keep insulin production on track. When one key partner was missing, damaged proteins built up and the cells made less insulin. Strengthening this system could offer a new way to protect the pancreas as diabetes progresses.
Why losing weight may not be enough to prevent type 2 diabetes
A healthy lifestyle can prevent type 2 diabetes for many people, but new research suggests that weight loss alone may not be enough for one particularly vulnerable group. Even after losing about 8% of their body weight and keeping it off for years, people in a high-risk category known as cluster 5 continued to experience rising blood sugar, weakening insulin production, and a strong risk of developing diabetes.
Fight over anti-corporate spending initiative brings in big money
The filings came three days after the Board of State Canvassers certified the measure, which means it will appear on the November ballot unless the Legislature adopts the bill first.
St. Louis Cardinals Game Discussion vs Chicago Cubs Monday
The St. Louis Cardinals begin a crucial 4-game series versus their arch rivals the Chicago Cubs at Busch Stadium Monday night. According to MLB.com, the Cubs will start LHP David Peterson. The Cardinals starter is Matthew Liberatore according to MLB.com. First pitch set for 6:45pm Monday night at Busch Stadium with the TV broadcast available […]
Chicago Bears 2026 schedule and scores
Complete Chicago Bears schedule and results for the 2026-27 season. All times are Central Time.
Mike Vrabel reveals Patriots' offseason award winners
Patriots coach Mike Vrabel named four players as this year's offseason award winners.
GLP-1s can affect how often some people need to take time off work, study finds
An analysis of employees in Denmark finds that diabetics taking Ozempic had fewer absences from work.
Commanders part ways with tight ends coach Ben Steele
Frasers Group acquires Greaves Sports
Frasers Group confirmed to Just Style that it has acquired Glasgow-based sports retailer, Greaves Sports.
Weiser’s leadership crucial for rural win-win
Attorney General Phil Weiser is going to win the gubernatorial election. That said, Colorado agriculture and rural communities have a 30-year track record of finding the win-win be it for species or industries or habitat. Former Governor Roy Romer possessed what Gov. Jared Polis has demonstrated repeatedly he doesn’t have: the willingness to find compromise […]
'Furious' review: Hulu's new crime drama is savage, smart, and addictive
Emmy Rossum headlines Elizabeth Meriwether's new series.
Cryptic Hint By Jets May Have Sealed Connor Hellebuyck’s Fate
There have been several notable players in the National Hockey League in recent months who have been heavily embroiled in trade rumors, among them being Winnipeg Jets goaltender Connor Hellebuyck.Hellebuyck, who is one of the top players in the NHL at his position and who also helped Team USA win a historic gold medal earlier […] The post Cryptic Hint By Jets May Have Sealed Connor Hellebuyck’s Fate appeared first on HEAVY.
Science Shorts: Far East food-tech, smart labelling and healthy ageing
Far East food-tech, smart labelling and healthy ageing feature in this edition of Science Shorts
Spines of saber-toothed cats tell a tale of the doomed species
Remains pulled from the La Brea Tar Pits revealed deformed vertebrae and rare tumors, possible signs of inbreeding among now-extinct saber-toothed cats.
Dodgers Trade Acquisition Dominant Through 2 Triple-A Outings
The Los Angeles Dodgers traded for right-handed reliever Seth Halvorsen last week, and he is already impressing in Triple-A.
Patriots put Gabe Jacas on non-football injury list
The Avengers Assemble Inside the EW Comic-Con Studio
Atlanta Braves’ Didier Fuentes Comments on Disappointing Performance
Atlanta Braves right-hander Didier Fuentes pitched in unfamiliar territory.
Hale County Health Department hosting free back-to-school immunization clinics
The Hale County Health Department will provide multiple free immunization clinics throughout August for back to school.
Two Huge Positives for New England Patriots Training Camp Opens
For New England Patriots fans, it’s been a superb start to training camp 2026. All the news on two key fronts was positive, led by the owner addressing the Christian Gonzalez contract situation early in the morning before the team's first official practice. Gonzalez, as promised by head coach Mike Vrabel in Friday’s opening camp address, was on the field and competing in individual drills with his team.
Linux creator has a simple message for AI holdouts: Fork off
Linus Torvalds says Linux developers should embrace AI coding tools or fork the project, ending a heated open-source debate.
Mike Vrabel keeps mum on Harold Landry’s injury status
The veteran linebacker opened training camp on the PUP list.
Europe is warming to America's obsession with AC
As Europe recorded its hottest June on record, Europeans flocked to buy AC units, eroding a decades-old divide with America.
Winner and Loser of the Week in Florida politics
Fabián Basabe's support begins to crumble, Kathy Castor gains momentum, and is Cory Mills facing a federal probe?
Giants waive linebacker Cam Jones and defensive lineman C.J. Ravenell
Patriots second-round LB Gabe Jacas agrees to terms
Arsenal Mulling Move For Real Madrid, Brazil Star Vinícius Júnior
Arsenal have emerged as shock contenders to land Real Madrid superstar Vinicius Junior as his contract stand-off at the Santiago Bernabeu continues.
Former Eagles LB Tears Into QB Jalen Hurts
The Philadelphia Eagles spent all offseason trying to convince the league Jalen Hurts is still elite, but Emmanuel Acho isn't buying. The former Eagles linebacker tore into the Philadelphia quarterback by saying he is "not ranked too low" on the NFL's top-100 list.
‘God Of War: Laufey’ And ‘Fable’ Play PS5-Xbox Release Date Chicken
Fable, the storied Xbox IP, is about to go up against arguably PlayStation’s strongest: God of War with its Laufey release date.
Understanding The Fraught Politics Of Powering AI
Growing anxiety over electricity bills, on the rise in part because of the AI-driven infrastructure buildout, has quickly become a liability for industry and politicians alike
Robinson delays captaincy decision until cup group games complete
Aberdeen head coach Stephen Robinson intends to name his captain for the season ahead of their Premiership opener with Hearts, saying he has "four or five" options. Robinson has rotated the responsibility so far, with Kevin Nisbet, Brad Lyons and Dan Happe all being handed the skipper's armband during their three Premier Sports Cup victories. "We will change it again," said Robinson.
Mike Vrabel’s second act will define his Patriots legacy
Reaching the Super Bowl once proves you're a good coach. Sustaining excellence—proves you're great. Which one is Vrabel?
Confusion for residents after Legionella bacteria found in Lower East Side building
Residents are confused about water issues at an apartment Complex in Alphabet City.
Mike Vrabel reveals Morgan Moses' health status ahead of training camp
Morgan Moses' health is a question as the right tackle is entering his 13th NFL season at the age of 35.
Bay Area small business owners struggle as health insurance costs continue to rise
Bay Area small business owners struggle as health insurance costs continue to rise
Mike Vrabel avoids the question of grass vs. turf
Executive Turntable: Sphere & Fender Name New Chief Communications Officers
This week's Executive Turntable column includes Chris Palmer's elevation at Triple Tiger Records, Timo Hoffman joining Frontiers Label Group and more music industry promotions and hires.
Colorado Commission prioritizes feelings over science
The Colorado Parks and Wildlife Commission voted Thursday and prioritized feelings over science-based management. Meanwhile, Rancher X is the beneficiary of those feelings-driven decisions. Well played, governor. The newest appointees to the CPW Commission are...
What’s going on with unsigned Patriots second-rounder Gabe Jacas?
Mayo relishing 'step up in pressure' at Aberdeen
Defender Lewis Mayo has described his move to Aberdeen as "a step up in expectation and pressure". Mayo arrived at Pittodrie from Kilmarnock on a three-year deal earlier this summer and has settled in well, being deployed at centre half – and right back – helping the Dons to victory in all three of their League Cup group stage games so far. "It is a fresh start for me," the 26-year-old said ahead of Aberdeen's next League Cup game against Kelty Hearts.
Mets vs. Dodgers: How to watch on July 24, 2026
Eagles Get Brutal Label Ahead of 2026 NFL Season
I don't think the Philadelphia Eagles are overrated heading into next season, and honestly, it almost feels like this team is being overlooked a bit.
WhatsApp Rolls Out Redesigned Message Bubbles for iOS
WhatsApp is rolling out a new design for message bubbles on iOS, reports WaBetaInfo. The platform's message bubbles are rounder than before with a softer shape – similar to iMessage – while shared media files appear without the original borders, giving them a cleaner look. The platform's message bubbles are rounder than before with a softer shape – similar to iMessage – while shared media files appear without the original borders, giving them a cleaner look.
Is Recently Released Pitcher an Option for Washington nNationals?
Could the Washington Nationals provide a fresh start for a possible bullpen addition at a low cost?
Senate advances MAHA-friendly bill for food warning labels and junk food ad bans
Unexpected alliances among Republicans and Democrats were on display over a bill meant to rein in ultra-processed foods.
OpenAI claims its artificial intelligence gained access to the Internet on its own and breached a ‘partner’
The technology company claims the incident stemmed from a cybersecurity test gone wrong, where its application escaped a closed environment and broke into an external database to complete its task of being an elite hacker
Malik Nabers avoids PUP list to start Giants training camp
SGMC Health Honors Infinger with DAISY Award for Extraordinary Nursing
SGMC Health honored Elizabeth Infinger, RN on 5 West, as the latest recipient of the DAISY Award for Extraordinary Nurses.
Top Horror Movies Streaming This Week
Fans paid tribute to one of horror's greatest actors in thetop horror movies on streaming this week. Sam Neill, the universally beloved actor who starred in several classic scary movies, passed away l...
Ranking Members Markey, Velázquez Push to Roll Back Trump Administration’s Discriminatory SBA Lending Policy that Blocks Immigrant Entrepreneurs from Pursuing the American Dream
Bicameral resolution would rescind Trump administration policy banning green card holders from accessing SBA loans Resolution Text (PDF) | One-Pager (PDF) (Washington, July 23) – Ranking Member Edward J. Markey (D-Mass.) and House Small Business Committee Ranking Member Nydia M. Velázquez (D-NY-7) today introduced a Congressional Review Act (CRA) resolution to rescind the Trump administration’s policy that bans green card holders from accessing essential Small Business Administration (SBA) loans to start and grow their businesses and invest in Main Streets nationwide. Trump’s SBA restrictions buck decades of precedent, attacking immigrant small business owners who are lawfully in the U.S. with no justification. The Trump administration’s green card holder ban is the most recent escalation of SBA’s draconian citizenship restrictions that are killing jobs and putting the American Dream further out of reach for entrepreneurs. In Fiscal Year 2025, the SBA made an estimated $5.7 billion in loans to green card holders, which supported more than 80,000 American jobs. Ranking Member Markey’s introduction of the CRA resolution follows his introduction of the Investing in the American Dream Act alongside Ranking Member Velázquez earlier this year. The Investing in the American Dream Act would roll back the SBA’s draconian lending restrictions and restore previous SBA lending policies for immigrant entrepreneurs lawfully in the U.S., including green card holders, refugees, and asylees. More than 100 organizations have called for the passage of the legislation and over 60 Massachusetts state legislators have raised concerns about the impact of the citizenship restrictions in their local communities. “Once again, Donald Trump is shutting hardworking immigrants out of the American Dream with his discriminatory and dangerous policies, fear tactics, and violent rhetoric. The anti-small business lending requirements implemented by Trump’s SBA won’t Make America Great Again—they are Making America Hate Again,” said Ranking Member Markey. “I am fighting every single day to roll back Trump’s brazen attempt to steal the American Dream from entrepreneurs in Massachusetts and across the country who enrich our communities, strengthen our Main Streets, and create jobs in the United States.” “Starting and owning your own business is one of the pillars of the American Dream. Under the Trump Administration, the SBA has sought to deny immigrant small business owners and entrepreneurs that dream by preventing them from accessing the capital they need to grow and scale their businesses. Not only is this policy cruel, but it is also self-defeating and holds our country back economically. As Ranking Member of the House Small Business Committee, I will do everything in my power to reverse this terrible policy,” said Ranking Member Velázquez. Massachusetts state legislators applauded Ranking Member Markey’s actions and emphasized the critical contributions of green card holders to Bay State communities and the Commonwealth’s economy. "Green card holders are our neighbors, workers, entrepreneurs, and taxpayers,” said Massachusetts State Senator Adam Gómez (D-Springfield), Senate Chair of the Joint Committee on Community Development and Small Businesses. “They open restaurants, launch small businesses, create jobs, and contribute every day to the economic strength of Massachusetts. Denying lawful permanent residents access to SBA loan programs doesn't make our economy stronger—it makes it harder for small businesses to succeed. I support this resolution because opportunity should never be limited by unnecessary barriers that prevent hardworking people from investing in their communities and pursuing the American dream." “Senator Markey’s CRA Resolution provides a valuable moment for our federal leaders to show their commitment to small businesses and the American Dream,” said Massachusetts State Representative Andy X. Vargas (D-Haverhill), House Chair of the Joint Committee on Community Development and Small Businesses. “The SBA’s recent policy restricting lawful residents from accessing the popular 7(a) and 504 programs has shut out some of the most entrepreneurial and hard-working members of our community from much-need capital. In Massachusetts, these programs have invested millions of dollars into small businesses owned by green card holders, supporting thousands of jobs. This should not be a partisan issue. People who worked hard, have legal status, and contribute so much to their communities via employment and economic impact don’t deserve to be in the crosshairs for political purposes. The Senator’s resolution is a step forward in restoring access to the American Dream that small business owners across the country deserve.” Several small business advocates and stakeholders voiced their support for Ranking Member Markey’s efforts to roll back Trump SBA’s discriminatory lending rules. “Immigrant-owned businesses are the foundation of the American economy. They power our neighborhoods, provide essential services, and employ our loved ones. Yet, systemic hurdles like the Small Business Administration’s citizenship restrictions unfairly block their path to prosperity," said Elizabeth Sweet, Executive Director of the Massachusetts Immigrant and Refugee Advocacy (MIRA) Coalition. "We applaud Senator Markey’s continued leadership and look forward to a future where immigrant entrepreneurs can share their ingenuity without arbitrary restrictions that hold us all back.” “Independent restaurants have always been built by people willing to work hard, take risks, and invest in their communities. When lawfully authorized entrepreneurs lose access to the financing they need to start or grow a business, we all lose. These are the businesses creating jobs, filling storefronts, and strengthening our neighborhoods. Access to capital should help good businesses succeed, and that’s exactly what restoring these SBA loan programs would do,” said Jen Ziskin, Executive Director of Massachusetts Restaurants United. “At the Latino Economic Development Corporation, we see firsthand that access to capital transforms lives, creates jobs, and strengthens neighborhoods. Many of the entrepreneurs we serve are lawful permanent residents who have invested their savings, opened businesses, and employ local residents. Restricting access to SBA financing doesn’t just impact business owners, it limits economic opportunity for entire communities. Main Street succeeds when every qualified entrepreneur has a fair chance to grow,” said Andrew Melendez, CEO and Founder of the Latino Economic Development Corporation. "Immigrants and immigrant-owned businesses are the heart and soul of small business communities in cities and towns throughout the Commonwealth, and across America. Limiting access to these SBA loans not only sends the wrong message about immigration, it will have significant negative economic impact on our small business ecosystem,” said Keith Mahoney, Vice President of Public Affairs at the Boston Foundation. “The SBA’s recent policy changes that prevent Legal Permanent Residents, and other non-citizens from participating in any of the SBA’s valuable programs are changes that are unwelcome, immoral, and antithetical to our purpose, our mission, and our vision for Massachusetts communities and businesses. Immigrant entrepreneurs and others have expressed concern that Common Capital will ‘report them to ICE,’ so loan demand has decreased. There is no valid reason for excluding Legal Permanent Residents and other noncitizens who are lawfully present in the U.S. from accessing the SBA’s programs. Immigrant entrepreneurs start businesses, they create jobs, they support their families and their communities. Our government should be in the business of encouraging their full participation in our economy,” said Raymond Lanza-Weil, President of Common Capital. "ECCHO-Latino now represents over 400 educators and 300 microbusinesses across Massachusetts, where immigrants make up 60% of the childcare workforce. When a green card holder is ready to grow her business—from expanding her home child care to opening a center—she shouldn't be turned away by local banks simply because of federal citizenship rules. Blocking access to SBA loans kills opportunity and deepens our state's childcare crisis. ECCHO-Latino strongly supports Senator Markey and Representative Velázquez in passing this resolution to put Main Street first," said Harold Antonio Blanco, Co-Founder & Executive Director of ECCHO-Latino Inc. "This is exactly how political ideology ruins an economy. Washington has taken lawful, tax-paying entrepreneurs who live in our communities, invest in America, and hire American workers, and declared their businesses ineligible for critical financing simply because a green card holder owns even a fraction of the company. Using policies ostensibly aimed at illegal immigration to punish lawful permanent residents is nothing short of ideological overreach and economic self-sabotage. The SBA exists to help viable small businesses grow, rather than imposing nativist tests that ignore an entrepreneur’s credit history, business plan, or ability to create jobs. When the federal government closes the door on qualified entrepreneurs, they’re also closing the door on American entrepreneurship and on American workers, while handing future companies, jobs, innovation, and investment to our competitors. America should be competing to attract people who want to invest and build here, not creating arbitrary barriers that drive their talent and capital elsewhere,” said Javier Palomarez, President and CEO of the United States Hispanic Business Council (USHBC). "The U.S. Small Business Administration's decision to prohibit legal permanent residents, including green card holders, from accessing SBA-backed loans has the potential for disastrous consequences that could reverberate throughout America's economy for years to come. After all, immigrants are twice as likely to start small businesses as U.S.-born individuals. Congress must overturn rules requiring the SBA to block legal permanent residents from accessing lending resources because so many of the entrepreneurs who drive job creation in this country were born outside the United States," said John Arensemeyer, Founder and CEO of Small Business Majority. “NCRC supports the Congressional Review Act resolution to overturn SBA’s citizenship restrictions that bar green-card holders from receiving the 7(a) and 504 loans. When qualified entrepreneurs are denied access to SBA loans, all of Main Street gets hurt. Communities lose jobs. Neighborhoods lose services. Local economies lose the opportunity to build wealth and shrink disparities,” said Jesse Van Tol, President & CEO of the National Community Reinvestment Coalition (NCRC). “We cannot afford to have the American Dream out of reach for hard-working, immigrant small business owners.” “Asian Americans and Asian immigrants have been integral in building local economies. They create businesses, jobs, and opportunities in communities across the country that benefit everyone. Lawful permanent residents pay taxes, invest in their communities, and strengthen Main Street, yet the SBA's discriminatory citizenship restrictions unfairly deny them access to the same tools that help small businesses grow and succeed. We applaud congressional leaders for advancing this resolution to overturn the latest restrictions on SBA lending for green card holders, and we urge lawmakers to also pass the Investing in the American Dream Act to fully restore access to SBA loan programs for all eligible people in the United States. Ensuring that immigrant-owned small businesses have a fair opportunity to access capital is essential to building a stronger, more inclusive economy that works for all,” said Joanna Derman, Director of Anti-Profiling, Civil Rights and National Security at Asian Americans Advancing Justice (AAJC). "Immigrant-owned businesses often turn to SBA 7(a) and 504 loans because they face higher denial rates from traditional lenders,” said Imani Augustus, Director of the Center for Entrepreneurial Opportunity. "These programs provide the capital they need to expand operations, hire workers, and invest in their businesses. Reversing the ban on lawful permanent residents is a critical first step toward ensuring these financing tools are accessible to everyone strengthening their communities through entrepreneurship. We applaud this action and urge Congress to fully restore access by passing the Investing in the American Dream Act.” "Last year, nearly 5,700 SBA loans worth $5.7 billion went to businesses owned by green card holders, supporting more than 80,000 jobs. These are entrepreneurs who have put down roots here, hired their neighbors, and invested in the communities they call home. Barring them from capital doesn't protect Main Street—it starves it. What should matter is the strength of a business and its potential to grow, not the immigration status of its owner. This resolution doesn’t eliminate all the citizenship restrictions in SBA’s policy change, but it’s a step toward restoring a commonsense principle that stood for more than 30 years," said Howard Wial, Director of Research at ICIC. "I'm encouraged to see Congress moving to reopen access to capital for green card holders, a key tool for small business survival. Green card holders accounted for an estimated 5,700 SBA loans in Fiscal Year 2025, worth $5.7 billion and supporting more than 80,000 jobs across the country. That capital is often what keeps a business operating through its toughest stretches when cash flow gets tight. When qualified entrepreneurs lose access to that capital over their immigration status rather than their ability to repay a loan, it's the local economy that pays the price,” said Small Business for America's Future Co-Chair Shaundell Newsome, Founder of Sumnu Marketing. “Small businesses are the backbone of the American economy, and entrepreneurs —including green card holders — take risks every day to build businesses, create jobs, and strengthen communities. SBA loan programs should be administered with clear, consistent standards that safeguard public resources while ensuring these programs remain focused on supporting eligible entrepreneurs and job creators. This resolution responds to the opportunity to support all entrepreneurs and preserve the integrity of federally supported lending programs. We applaud the introduction of this resolution and remain committed to policies that strengthen small businesses, promote economic growth, and maintain confidence in these vital lending programs,” said Carolina Martinez, CEO of CAMEO Network. “National CAPACD wholeheartedly supports the introduction of this resolution aimed at overturning the SBA's misguided policy prohibiting immigrants from accessing the 7(a) and 504 loan programs. As a coalition, we are committed to creating systems, organizations, and societies that are fair and just. We believe we and our economy are stronger when we uplift our rich and diverse communities. Access to capital helps small businesses create jobs, build wealth, and strengthen neighborhoods. Restoring this pathway is an important first step toward ensuring immigrant entrepreneurs can continue to grow their businesses and contribute positively to our economy as a whole. We urge Congress to build on this momentum by passing the Investing in the American Dream Act, which would fully restore fair access to safe and affordable credit and uphold our commitment to a fair economy that works for everyone,” said Seema Agnani, CEO of National CAPACD. Ranking Member Markey is fighting for small business owners and immigrants that rely on SBA loans to start and run their businesses, create jobs, and contribute to their communities. In May, Ranking Member Markey highlighted the significant contributions of immigrant entrepreneurs in Massachusetts and across the country and condemned the Trump administration’s repeated attacks on immigrant communities at a Small Business Committee hearing. MIRA’s Elizabeth Sweet, who participated in Ranking Member Markey’s listening session earlier in May, provided testimony at the hearing. Also in May, Ranking Member Markey hosted a listening session at the Urban College of Boston to hear directly from several Massachusetts immigrant small business owners, lenders, and chambers of commerce how President Trump’s cruel and callous anti-immigrant policies are hurting Main Streets in the Bay State. Earlier in May, Ranking Member Markey hosted a press conference alongside Ranking Member Velázquez, Democratic lawmakers, and stakeholders to condemn the Trump administration’s harmful anti-immigrant lending policies and to introduce the Investing in the American Dream Act. In March, Ranking Member Markey released a comprehensive report detailing the harms to small business owners, workers, and consumers caused by the Trump administration’s ICE raids in communities across the country. In February, Ranking Member Markey introduced the Small Business ICE Disruption Fund Act, which would provide grants to small businesses that have been impacted by the Trump administration’s violent immigration enforcement actions on Main Streets across the United States. Earlier in February, Ranking Member Markey, Ranking Member Velázquez, Congressional Black Caucus Chair Yvette Clarke (D-N.Y.), Congressional Hispanic Caucus Chair Adriano Espaillat (D-N.Y.), and Congressional Asian Pacific American Caucus Chair Grace Meng (D-N.Y.) sent a letter urging the SBA to rescind their lending rule change that bars legal permanent residents from receiving SBA loans. Previously, Ranking Members Markey and Velázquez released a statement condemning the actions of the SBA after it announced that small businesses with legal permanent residents will be barred from receiving SBA loans. In December 2025, Ranking Member Markey and all Democratic members of the Senate Small Business Committee sent a letter to the SBA reiterating concerns with the SBA’s citizenship requirements and highlighting a drop in SBA lending volume. In September 2025, Ranking Member Markey heard directly from SBA lenders about the issues with the citizenship verification requirements. In July 2025, Ranking Members Markey and Velázquez sent a letter to the SBA expressing serious concerns with the agency’s new, draconian citizenship verification requirements that require small businesses seeking SBA loans to be 100% owned by U.S. citizens, nationals, and legal permanent residents. SBA has not responded to the letter. ###
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