Viewed in isolation, the Trump administration’s new, more restrictive student-visa policy may seem modest. But as part of a broader retreat from openness, it signals that the country once known for offering ambitious outsiders a chance to transform their lives is less willing to do so.
Human Development Jul 20, 2026 Kelly Stonelake As the European Union considers how to protect and empower young people in a digital world, it must resist the urge only to enact a ban on social media for young people. A more effective strategy…
Just now from Trump: Oil is flowing like never before, thanks to the awesome Power of the United States Military. A special salute to Secretary of War, Pete Hegseth, Chairman of the Joint Chiefs of Staff, Dan Caine, and Commander of the United States Central Command, Admiral Brad Cooper. Because of them, and all members…
Statement Why frontier AI matters for firms Artificial intelligence (AI) continues to evolve rapidly. Frontier AI models represent a step-change in capability, with significant implications for cyber security and operational resilience. The cyber capabilities of current frontier AI models are already exceeding what a skilled practitioner could achieve, and at a significantly higher speed, greater…
Wall Street wants to see whether Tesla can deliver on its robotaxi and Optimus plans.
With uncertainty about persistence, we show that forecasts necessarily become more persistent and over-react at long horizons. For these reasons, correctly specified and Bayesian forecasts may under-react at short horizons and over-react at long horizons. These results provide a unified explanation for several asset pricing and forecasting puzzles, including: (i) the excess responsiveness of long-horizon…
As more companies insist their employees return to the office, they know they need to offer something in return to attract and retain good people. That’s why finding a place where people will want to live is an increasingly important factor as companies decide where to set up shop. “Quality of place, especially investing in…
NEW HAVEN—For generations, the United States distinguished itself not simply by its wealth or military power, but by offering ambitious people born in other countries the chance to overcome the birthplace lottery. Unfortunately, the Trump administration’s new visa policy for international students, though billed as merely a technical administrative change, signals a gradual retreat from this defining ideal.