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Sam Bankman-Fried sentenced to 25 years − how he went from $30B crypto CEO to prison inmate
D. Brian Blank, Associate Professor of Finance, Mississippi State University Brandy Hadley, Associate Professor of Finance and the David A. Thompson Distinguished Scholar of Applied Investments, Appalachian State University The case of Sam Bankman-Fried, who was sentenced on March 28, 2024, to 25 years in prison, is emblematic of the fast-paced world of cryptocurrency, in which vast sums of money can be made or lost in the blink of an eye. In early November 2022, the crypto exchange FTX was valued at more than US$30 billion. By the middle of that month, FTX was in bankruptcy proceedings. And less than a year
Competitive workplaces don’t work for gender equality
Amalia Rebecca Miller, Georgia S. Bankard Professor of Economics, University of Virginia Carmit Segal, Professor of Managerial Economics, University of Zurich Ultra-competitive workplaces – places where employees battle against each other for rank, bonuses and promotions – are common in many high-status fields, including law and finance. But while having a highly competitive culture is, on its face, gender-neutral, it actually worsens gender inequality. That’s the key finding of our new study with colleague Ragan Petrie, published in the most recent issue of the ILR Review. As economists who study workplace diversity and career-family conflicts for women, we wanted to investigate how competition at work plays
Why Jersey girls − and guys − still don’t pump their own gas
Robert H. Scott III, Professor & Greenbaum/Ferguson/NJAR Endowed Chair in Real Estate Policy, Monmouth University New Jersey’s quirky reputation is hard earned, but one peculiarity stands out: It’s the only place in America where you can’t pump your own gas. Laws against self-service gasoline used to be common: In the late 1960s, nearly half the states in the U.S. had one. But as fuel dispensers became safer and credit cards made paying at pumps possible, those states began to reconsider. By the early 1990s, nearly four out of five gas stations nationwide were self-serve. For decades, Oregon and New Jersey were the last two
With Beyoncé’s foray into country music, the genre may finally break free from the stereotypes that have long dogged it
William Nash, Professor of American Studies and English, Middlebury When Beyoncé released “Texas Hold ‘Em,” the first single from her new country album, “Cowboy Carter,” it elicited a mix of admiration and indignation. This is not her first foray into the genre, but it is her most successful and controversial entry. With “Texas Hold ‘Em,” Beyoncé became the first Black woman to have a No. 1 song on the country charts. At the same time, country music stations like KYKC in Oklahoma initially refused to play the record because it was “not country.” Many non-listeners stereotype country music as being white, politically conservative, militantly patriotic and rural.
Exploding stars are rare but emit torrents of radiation − if one happened close enough to Earth, it could threaten life on the planet
Chris Impey, University Distinguished Professor of Astronomy, University of Arizona Stars like the Sun are remarkably constant. They vary in brightness by only 0.1% over years and decades, thanks to the fusion of hydrogen into helium that powers them. This process will keep the Sun shining steadily for about 5 billion more years, but when stars exhaust their nuclear fuel, their deaths can lead to pyrotechnics. The Sun will eventually die by growing large and then condensing into a type of star called a white dwarf. But stars more than eight times more massive than the Sun die violently in an explosion called a supernova. Supernovae happen across
What is Volt Typhoon? A cybersecurity expert explains the Chinese hackers targeting US critical infrastructure
Richard Forno, Principal Lecturer in Computer Science and Electrical Engineering, University of Maryland, Baltimore County Volt Typhoon is a Chinese state-sponsored hacker group. The United States government and its primary global intelligence partners, known as the Five Eyes, issued a warning on March 19, 2024, about the group’s activity targeting critical infrastructure. The warning echoes analyses by the cybersecurity community about Chinese state-sponsored hacking in recent years. As with many cyberattacks and attackers, Volt Typhoon has many aliases and also is known as Vanguard Panda, Bronze Silhouette, Dev-0391, UNC3236, Voltzite and Insidious Taurus. Following these latest warnings, China again denied that it engages in offensive
A new US-run pier off Gaza could help deliver 2 million meals a day – but it comes with security risks
Tara Sonenshine, Edward R. Murrow Professor of Practice in Public Diplomacy, Tufts University The U.S. has dispatched eight Army and Navy vessels from Virginia to build a temporary pier off the coast of the Gaza Strip. The aim of this work: to supply food and other necessary items for Palestinians as the war between Israel and Hamas continues and the resulting humanitarian crisis worsens. Even before Oct. 7, 2023, and the massacre by Hamas of Israeli citizens that sparked the war, about 80% of Palestinians in Gaza relied on foreign humanitarian assistance to meet their basic needs, including food. Now, the United Nations is warning
DNA says you’re related to a Viking, a medieval German Jew or a 1700s enslaved African? What a genetic match really means
Shai Carmi, Associate Professor of Population and Statistical Genetics, Hebrew University of Jerusalem Harald Ringbauer, Group Leader, Department of Archaeogenetics, Max Planck Institute for Evolutionary Anthropology In 2022, we reported the DNA sequences of 33 medieval people buried in a Jewish cemetery in Germany. Not long after we made the data publicly available, people started comparing their own DNA with that of the 14th-century German Jews, finding many “matches.” These medieval individuals had DNA fragments shared with thousands of people who have uploaded their DNA sequence to an online database, the same way you share DNA fragments with your relatives. But what type