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☆ Jim Simons, billionaire hedge fund founder, dies at 86
▼ + stars: | 2024-05-10 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Jim Simons, the billionaire investor, mathematician and philanthropist, died on Friday in New York City, according to his foundation, the Simons Foundation. According to his foundation, Simons was fired from the institute in 1968 due to his opposition to the Vietnam War. Simons then joined the faculty at Stony Brook University as the head of the school’s mathematics department. Last year, Simons’ foundation donated $500 million to Stony Brook’s endowment, the largest unrestricted gift to an American university in history, according to the Simons Foundation. “I joined Stony Brook University in 1968 as chair of their Department of Mathematics,” Simons said at the time.

Persons: Jim Simons, Simons, ” Simons, “, ” Organizations: CNN, Simons, Technologies, Massachusetts Institute of Technology, University of California, MIT, Harvard University, Institute for Defense, National Security Agency, Stony Brook University, Renaissance Technologies, Simons Foundation, of Mathematics Locations: New York City, Newton , Massachusetts, Berkeley, Princeton , New Jersey, Vietnam, American

☆ Jim Simons, billionaire quantitative investing pioneer who generated eye-popping returns, dies at 86
▼ + stars: | 2024-05-10 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Jim Simons, a mathematician who founded the most successful quantitative hedge fund of all time, passed away on Friday in New York City, his foundation announced on its website. Pioneering mathematical models and algorithms to make investment decisions, Simons left behind an otherworldly track record at Renaissance Technologies, that bested legends such as Warren Buffett and George Soros. Its flagship Medallion Fund enjoyed annual returns of 66% during a period starting in 2018, according to Gregory Zuckerman's book "The Man Who Solved the Market." Simons received a bachelor's degree in mathematics from MIT in 1958, and he earned his PhD in mathematics from University of California, Berkeley at the age of only 23. He was active in the work of the Simons Foundation until the end of his life.

Persons: Jim Simons, Simons, Warren Buffett, George Soros, Gregory Zuckerman's Organizations: Renaissance Technologies, flagship Medallion Fund, U.S, Intelligence, Soviet Union, MIT, University of California, Stony Brook University, Simons Foundation Locations: New York City, Vietnam, Soviet, Berkeley, Stony, New York

☆ Camels evolved from a cold-weather ancestor. We could learn from their remarkable transformation
▼ + stars: | 2024-04-16 | by ( Bill Weir | ) edition.cnn.com time to read: +11 min

“Gentoo penguins are big climate change winners in the Antarctic,” Heather Lynch told me. Conversely, the more flexible gentoo penguins keep moving farther and farther south, chasing new prey, and even abandoning nests to increase the odds of long-term survival. Julian Quinones/CNNThe gentoo population has exploded by as much as 30,000% in just a few years. Bill Weir/CNNHere lieth the lesson of the camel and the gentoo: Heat will move us, one way or another. I just know River won’t be satisfied without a magic plot twist that somehow saves all creatures great and small.

Persons: Bill Weir, —, “, ”, Bill, CNN's, Julian Quinones, Camels, CNN Bill, I’d, ” Heather Lynch, penguins, we’ve, it’s, Xiulin Ruan, CNN Julian Quinones, “ Don’t, Energy's Organizations: CNN, Brooklyn, Central Park Zoo, CNN Penguins, Stony Brook University, gentoo, Purdue, International Energy Agency, Global Locations: Canada, North America, dromedaries, Sudanese, Egypt, Southern Ocean, Antarctica, Manhattan, British Columbia, Yorkshire, England, Phoenix, Japan, Seville, Spain, Miami, Los Angeles, Angeles, Olivia, Colombia, CNN Seville, China, India, Maine

☆ Here's where the jobs are for March 2024 — in one chart
▼ + stars: | 2024-04-05 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Health care and social assistance were the top sector for job gains — a common theme in recent years — adding 81,300 jobs. The U.S. labor market surprised economists with its strength once again, adding more than 300,000 jobs in March, with a few key sectors continuing to fuel its growth. Within health care, ambulatory services and hospitals combined to add 55,000 jobs, according to the Bureau of Labor Statistics. The Bureau of Labor Statistics noted that the labor force participation has changed little in the past year despite consistent upside surprises for job gains. It's been the key to rebalancing the labor market.

Persons: It's, we've, Stephanie Kelton Organizations: Bureau of Labor Statistics ., BLS, Labor Statistics, Brook University Locations: U.S

More than 1,000 flights were canceled so far Tuesday morning, mostly at the airports in the New York City area and in Boston. It was the first major snowstorm in New York City since February 2022. The city, which has the nation's largest school system, switched to remote learning and closed its buildings Tuesday because of the storm. Some of the highest snowfall totals were forecast for the northern suburbs of New York City and southwestern Connecticut, according to the National Weather Service. Dan McKee signed an executive order shuttering state government offices Tuesday and banning tractor-trailer travel on all interstates and state roads beginning at midnight.

Persons: It's, ”, Ricky Smith, Eric Adams, “, Ned Lamont, ” Lamont, Maura Healey, Michelle Wu, Dan McKee, McKee, Steve Sullivan, Steve LeBlanc, Kathy McCormack, Jeff Martin, Mike Balsamo, Bruce Shipkowski, Ron Todt Organizations: New, Gov, Pennsylvania Department of Transportation, Police Department, National Weather Service, Massachusetts Gov, Boston, Rhode, Rhode Island Gov, Airports, Associated Press Locations: HARTFORD, Conn, New York City, Boston, “, Connecticut, Doylestown, Massachusetts, New England, Rhode Island, Massachusetts , Connecticut, New York, Alabama, Georgia, Concord , New Hampshire, Atlanta, Stony Brook , New York, Toms River , New Jersey, Philadelphia

☆ Brooke Ellison, Prominent Disability Rights Advocate, Is Dead at 45
▼ + stars: | 2024-02-09 | by ( Sam Roberts | ) www.nytimes.com time to read: +1 min

Brooke Ellison, who after being paralyzed from the neck down by a childhood car accident went on to graduate from Harvard and became a professor and a devoted disability rights advocate, died on Sunday in Stony Brook, N.Y., on Long Island. Her death, in a hospital, was caused by complications of quadriplegia, her mother, Jean Ellison, said. As an 11-year-old, Brooke had been taking karate, soccer, cello and dance lessons and singing in a church choir. But on Sept. 4, 1990, she was struck by a car while running across a road near her home in Stony Brook. After waking from a 36-hour coma, she spent six weeks in the hospital and eight months in a rehabilitation center.

Persons: Brooke Ellison, Jean Ellison, Brooke Organizations: Harvard Locations: Stony Brook, N.Y, Long

☆ Addressing isolation may reduce risk for obesity-related mortality, study shows
▼ + stars: | 2024-01-22 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +5 min

CNN —Treating loneliness and social isolation may put people classified as obese at a lower risk for health complications, according to a new study. Social isolation was found to be a greater risk factor for all causes of mortality, including cancer and cardiovascular disease, than depression, anxiety and lifestyle risk factors — which included alcohol, exercise and diet, according to the study. But the findings do point to improving “social isolation as a potential remedy for the reduction of mortality,” he said. “Think of maintaining a social network like any other health-promoting activity: exercising regularly, eating well, looking after yourself,” Canli said. And fatphobia can lead communities to make it harder for people with obesity to feel understood and accepted, she said.

Persons: “, ”, Lu Qi, Qi, ” Qi, Philipp Scherer, Gifford O, Touchstone Jr, Randolph G, Dallas . Scherer wasn’t, Turhan Canli, Canli, ” Canli, Rachael Benjamin, Benjamin, Benjamin said, ” Benjamin Organizations: CNN, Tulane University School of Public Health, Tropical Medicine, University of Texas Southwestern Medical School, Diabetes Research, Touchstone Diabetes, Stony Brook University Locations: New Orleans, Dallas, New York City

☆ The surprising history of the barcode
▼ + stars: | 2024-01-18 | by ( Jordan Frith | Clemson University | ) edition.cnn.com time to read: +7 min

The bull’s-eye barcode introduced in Woodland and Silver’s 1949 patent. Despite being the first barcode to be officially adopted by an industry, the multicolored design of the Kartrak symbol is now just a footnote in history. The seven barcode symbol finalists displayed in the official internal reports of the symbol selection committee. The bull’s-eye barcode, after all, was the original barcode symbol, and RCA was a powerful company that had invested significant resources in developing the technology. RCA’s main competitor was a latecomer to the battle for barcode dominance: the IBM symbol invented in the early 1970s by George Laurier.

Persons: They’ve, I’ve, Becker, Bredel, Joseph Woodland, Bernard Silver, Theodore H, Maiman, Kartrak, Carecogn, George Laurier, Stephen Brown, ’, Jordan Frith Organizations: CNN, Stony Brook University, RCA, Litton, IBM, Communication, Clemson University Locations: They’re, Woodland, Troy , Ohio, Clemson , South Carolina

☆ Seasonal affective disorder: Self-care tips to fight the winter blues
▼ + stars: | 2023-11-12 | by ( Jocelyn Solis-Moreira | ) edition.cnn.com time to read: +7 min

The lack of sunlight from shorter winter days can bring on depressive symptoms, and social isolation is common among people with seasonal affective disorder. BenAkiba/E+/Getty ImagesTaking care of your health is key to dealing with seasonal affective disorder. Here’s what experts say you can do to manage seasonal affective disorder. Social isolation is common among people with seasonal affective disorder, and isolating may contribute to depressive symptoms. Antidepressants are another option that Manu recommended for people with severe seasonal affective disorder.

Persons: Joseph Takahashi, ”, Jason Tucciarone, ” Tucciarone, Tucciarone, Thomas Kilkenny, Kilkenny, Lucian Manu, Manu, Jocelyn Solis, Moreira Organizations: CNN, University of Texas Southwestern Medical Center, Stanford University School of Medicine, Northwell Health, Kilkenny, “, Stony Brook Medicine Locations: New York, Tucciarone, Stony

☆ It's both a great time and a terrible time for Volodymyr Zelenskyy to have an election
▼ + stars: | 2023-11-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +8 min

Still, experts on wartime politics and a Ukrainian election watchdog said Zelenskyy's decision to delay the election makes sense. Insider examined three key questions relating to Ukraine's wartime election season. AdvertisementAdvertisementUkrainian leadership must extend martial law every 90 days, and Zelenskyy just signed bills extending martial law until February 14, 2024. AdvertisementAdvertisementOverall, Erben and Kobakhidze wrote, Ukraine's laws correctly recognize that a free and fair wartime election is implausible. Zelenskyy had harsh words on Monday for anyone urging Ukraine to hold a wartime election.

Persons: Volodymyr Zelenskyy, he's, —, South Carolina Sen, Lindsey Graham, Zelenskyy, Opora, Peter Erben, Helmut Norpoth, Norpoth, Erben, Gio Kobakhidze, IFES, Kobakhidze Organizations: Gallup, Service, Washington Post, curfews, The International Foundation, Electoral Systems, Stony Brook Locations: Ukraine, Kyiv, South Carolina, Russia, Ukrainian, Europe, Stony, Russian, Moscow

Our species, Homo sapiens — with our complex thoughts and deep emotions — were the only true humans to ever walk the Earth. A study last week found early humans were building structures with wood before H. sapiens evolved. This ability to read ancient DNA revolutionized the field, and it is constantly improving. He specializes in creating lifelike models of ancient humans for museums, including the Smithsonian and the American Museum of Natural History, in hopes of helping public perception catch up to the science. They haven't been able to gather much ancient DNA from Africa, where H. sapiens first evolved, because it has been degraded by heat and moisture.

Persons: ”, Chris Stringer, ” Stringer, sapiens, Rick Potts, naledi, heidelbergensis, John Shea, “, Svante Paabo, Paabo, Bence Viola, Potts, Shea, ’ ” Shea, let’s, Janet Young, Young, John Gurche, Gurche, ” Gurche, “ They’re, they’re, it’s, haven't, we’ll, Mary Prendergast Organizations: Stony Brook University, University of Toronto, Canadian Museum, Smithsonian, American Museum of, Rice University, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Africa, Europe, Indonesia, Asia, Swedish, East, Southeast Asia

☆ The CEO of a hedge fund that averaged a 66% return for 3 decades spoke about investing, hiring, and sleeping 2,000 nights in his office. Here are the 11 best quotes.
▼ + stars: | 2023-09-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Brown had the idea for IBM's "Deep Blue," and has spent over 2,000 nights sleeping in his office. RenTech was founded by Jim Simons, a former MIT math professor and Cold War codebreaker. Peter Brown is the CEO of Renaissance Technologies, a quant fund founded by former Cold War codebreaker and MIT math professor Jim Simons. And the job is so demanding, I really don't see how I could do it otherwise." We don't know any economics.

Persons: Peter Brown, Brown, RenTech, Jim Simons, Goldman, he's, he'd, Peter, we're, we've Organizations: Renaissance, MIT, Service, Goldman Sachs Exchanges, Renaissance Technologies Locations: Wall, Silicon, York

☆ Explore How Income Influences Attendance at 139 Top Colleges
▼ + stars: | 2023-09-11 | by ( Aatish Bhatia | Claire Cain Miller | ) www.nytimes.com time to read: +8 min

Explore How Income Influences Attendance at 139 Top CollegesAt many selective private colleges, being very rich is a door to entry — students with parents earning in the top 1 percent attend at much higher rates than other similarly qualified students, new data shows. The data is available for 139 colleges, including the top private colleges according to Barron’s and many of the top public and private colleges in U.S. News & World Report. The researchers also had access to internal admissions data for several of the most elite private colleges. In much of the next tier of elite private colleges, rich students have a similar advantage. Even though college attendance rises with parental income, when it comes to educating the majority of America’s four-year college students, public universities play a vital role — regardless of how much their parents make.

Persons: Raj Chetty, Deming, Friedman, Professor Chetty, John N . Friedman of Brown, David J . Deming, ”, Jesse Rothstein, Chetty, They’re Organizations: U.S . News, Harvard, Dartmouth, Chetty, Ivy League, University of California, Stony Brook University, Carnegie Mellon Locations: U.S, Dartmouth, Georgetown, Berkeley, Los Angeles, California, Swarthmore, Wellesley

☆ U.S. debt is nearly $33 trillion. But some economists say not all debt is bad.
▼ + stars: | 2023-09-10 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +3 min

The U.S. national debt is sitting at nearly $33 trillion dollars. "The public debt has always been used for emergencies. The national debt increased by more than 89% since the beginning of the pandemic, with many top economists in agreement that 2020 was not the time to worry about the debt. Servicing the debt can become difficult when interest rates are higher. The Federal Reserve has been increasing interest rates since March 2022 with the goal of slowing down economic activity.

Persons: Kris Mitchener, William Gale, Michael Peterson, Peter G, Lori Esposito, Murray, Stephanie Kelton Organizations: U.S, Leavey School of Business, Santa Clara University, Brookings Institution, Peterson Foundation, Economic Develop, Conference Board, Economic Development, The Conference Board, Federal Reserve, Stony Brook University Locations: U.S

☆ Recent Category 5 hurricanes add to a growing trend powered by warmer oceans
▼ + stars: | 2023-09-08 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +4 min

“It is very likely that there are more Category 5 storms now than there were 40 years ago,” Kossin told CNN. Rapid intensification has been happening more and more as storms are approaching landfall, making them harder to prepare for. Hurricane Idalia rapidly intensified by 55 mph in 24 hours before landfall along Florida’s Big Bend as a Category 4 hurricane late last month. “There is little doubt that the exceptionally warm ocean waters we’re seeing have a human fingerprint on them,” Kossin said. “Jova is sitting in the middle of this, and the warm water certainly fueled the rapid intensification,” he added.

Persons: Hurricane Lee, Lee, Kevin Reed, Jim Kossin, ” Kossin, Reed, It’s, ” Reed, Hurricane Idalia, John Kaplan, Jova Organizations: CNN, Hurricane, North Atlantic, Stony Brook, University of Wisconsin, Street Foundation, National Oceanic, Atmospheric Administration Locations: North, Stony, Madison, Brooklyn, North Pacific

☆ Homo floresiensis: The curious case of the hobbit and what its remarkable discovery taught us
▼ + stars: | 2023-09-02 | by ( Katie Hunt | ) edition.cnn.com time to read: +15 min

The Liang Bua cave excavation site, where the fossils of Homo floresiensis were discovered on the island of Flores in Indonesia. A 3D cast of the skeleton of Homo Floresiensis on display at Stony Brook University, part of the State University of New York system. The Liang Bua team named the species Homo floresiensis after the island where the fossils were discovered. Sutikna said that a thick layer of volcanic ash was found just on top of the layer where Homo floresiensis was first found. And above the volcanic ash layer, we did not find any fossils of Homo floresiensis or other ancient animals,” he said.

Persons: Thomas Sutikna, trowel, Liang Bua, Sutikna, ”, floresiensis, Achmad Ibrahim, Saptomo, Tim Wiencis, Mike Morwood, Liang, hobbitus —, floresianus —, Paige Madison, Bert Roberts, Robert Pearce, Bua, Homo erectus, erectus, chimplike wristbones, Lucy, australopithecines, Chris Stringer, “ I’m, ” Stringer, “, luzonensis, Matt Tocheri, Flores, Mata Menge, Flores hobbits, Tocheri, ’ There’s, Stringer, it’s, ” Tocheri, ” Madison, we’re Organizations: CNN, Indonesia’s, Archaeometric Research, Research and Innovation Agency, Stony Brook University, State University of New, University of Wollongong, Sydney Morning Herald, Fairfax Media, AP, Lakehead University, Smithsonian Institution Locations: Indonesian, Liang, Flores, Indonesia, Jakarta, Stony, State University of New York, Australian, Australia, Africa, Java, Asia, London, South Africa, Philippines, Yogyakarta, Canada, Thunder Bay , Ontario, It’s, Madison, Sulawesi

☆ Oceans absorb 90% of the heat from climate change — here's why record ocean temps are so harmful
▼ + stars: | 2023-08-16 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +22 min

"Over 90 percent of the excess energy on earth due to climate change is found in warmer oceans, some of it in surface oceans and some at depth." Put simply, the greenhouse gases serve to trap more heat, some of which is absorbed by the ocean," Kirtman told CNBC. In addition to the daily record on July 31, the monthly sea surface temperature for July was the hottest July on record, "by far," Copernicus said. CopernicusThese record sea surface temperatures arise from multiple factors, including the El Niño weather pattern, which is currently in effect. "These climate variations occur when sea surface temperature patterns of warming and cooling self-reinforce by changing patterns of winds and precipitation that deepen the sea surface temperature changes."

Persons: Baylor, Carlos E, Del Castillo, Castillo, Benjamin Kirtman, Kirtman, Copernicus, Gavin Schmidt, Kemper, Zeke Hausfather, Sarah Kapnick, Kapnick, Kempler, Hurricane Ian, Michael Lowry, Lowry, Rainer Froese, Daniel Pauly, Pauly, Vigfus, pollack, Sean Gallup, Lorenz Hauser, Hauser, Froese, Phanor Montoya, Javier, Carolyn Cole, Hans W, Paerl, Justin Sullivan, Christopher Gobler, Gobler, Gary Griggs, Kimberly McKenna, Angela Weiss, Griggs, it's, Judith Kildow, Kildow, It's Organizations: International, Baylor Fox, Kemper, Brown University, CNBC, Ecology Laboratory, NASA, University of Miami, NASA Goddard Institute for Space Studies, Fox, El, Oceanic Atmospheric Administration, heatwave, NOAA, Northern Hemisphere, Miami Herald, Tribune, Service, Getty, Helmholtz, Ocean Research, University of British Columbia's Institute, Fisheries, School of, Fishery Sciences, Restoration Foundation, Coral Restoration Foundation, Looe Key, Los Angeles Times, University of North, Chapel Hill's Institute of Marine Sciences, Berkeley Marina, San, Quality, Centers for Disease Control, Stony Brooke University's School of Marine, Atmospheric Sciences, University of California, Stockton University Coastal Research, Afp, Ocean Economics Locations: Florida, El, Pacific, Berkeley, Fort Myers, Hurricane, Germany, New York, Nova Scotia, Hofn, Hornafjordur, Iceland, Seattle, Alaska, Looe, University of North Carolina, San Francisco Bay, Berkeley , California, San Francisco, Europe, Santa Cruz, Atlantic City , New Jersey, Atlantic City, Antarctica, Greenland

☆ Loneliness, social isolation linked with early death
▼ + stars: | 2023-06-19 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

The new paper, however, is a meta-analysis of 90 studies that had examined the links between loneliness, social isolation and early death among more than 2 million adults. People who experienced social isolation had a 32% higher risk of dying early from any cause compared with those who weren’t socially isolated. Holt-Lunstad was the lead scientist on the US Surgeon General’s recent advisory report on social isolation and loneliness. Broadening social connectionsPeople experiencing social isolation and loneliness should actively seek social support, Wang said. Public health strategies to address loneliness and social isolation, including raising awareness, are also needed, Wang said.

Persons: Turhan Canli, Canli wasn’t, Julianne Holt, wasn’t, Holt, Lunstad, Anthony Ong, Ong wasn’t, ” Holt, Canli, “, ” Canli, Fan Wang, ”, Ong, Wang Organizations: CNN, Stony Brook University, Brigham Young University in, Center, Integrative Developmental, Human Health Labs, Cornell University, “, Harbin Medical University Locations: Brigham Young University in Utah, New York, China

☆ Without climate change, these extreme weather events would not have happened
▼ + stars: | 2023-06-15 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +13 min

People often want to know if an extreme weather event happened because of climate change, said Friederike Otto, climate scientist and co-lead of the World Weather Attribution initiative. And, more often than not, they are finding the clear fingerprints of climate change on extreme weather events. “We’re always going to have extreme weather, but if we keep driving in this direction, we’re gonna have a lot of extreme weather,” said Ted Scambos, a glaciologist at the University of Colorado-Boulder. Alexander Nemenov/AFP/Getty ImagesSiberian heat wave, 2020In 2020, a prolonged, unprecedented heat wave seared one of the coldest places on Earth, triggering widespread wildfires. A study from the journal Nature Climate Change found the period from 2000 to 2021 was the driest the West has ever been in 1,200 years, noting human-caused climate change made the megadrought 72% worse.

Persons: Friederike Otto, Otto, We’re, we’re, ”, Ted Scambos, Alexander Nemenov, Andrew Ciavarella, Kathryn Elsesser, San Salvador de la, Aitor De Iturria, ” Otto, Mamunur Rahman Malik, “, Fadel Senna, Debarchan Chatterjee, Saeed Khan, koalas, David Paul Morris, Lake Powell, Hurricane Ian, Ricardo Arduengo, Ian, Lawrence, Abdul Majeed, António Guterres Organizations: CNN, University of Colorado -, Getty, UK’s Met, Oregon Convention, Northern, World Health Organization, South Asia, Bloomberg, Western, Stony Brook University, Lawrence Berkeley National Laboratory ., UN Locations: University of Colorado - Boulder, Siberia, AFP, Oregon, Portland, Pacific, . Oregon, Washington, Canada, British Columbia, Canadian, Lytton, San Salvador de, Cercs, Catalonia, Spain, North America, Europe, China, Dahably, Wajir County, Kenya, Africa, Horn of Africa, Somalia, Ethiopia, Masseoud, Morocco, Portugal, Algeria, Kolkata, India, South Asia, South, Vietnam, Myanmar, Laos, Bangladesh, Thailand, New South Wales, Australia, Oroville, Oroville , California, States, California, Lake Oroville, Lake Mead, Lake, Nevada, Arizona, Mexico, Hurricane, Matlacha , Florida, Caribbean, Florida, Swat, Bahrain, Khyber Pakhtunkhwa, Pakistan, Sindh, Balochistan

☆ Stony Brook University to Receive $500 Million, an Uncommonly Large Gift
▼ + stars: | 2023-06-01 | by ( Liam Stack | ) www.nytimes.com time to read: +1 min

Stony Brook University, a public school on Long Island, received a donation of $500 million on Thursday from a foundation formed by an alumnus and a former faculty member, making it the recipient of one of the largest gifts to a university in American history. The school said it hopes the gift will spur other donations that could amount to hundreds of millions of dollars. Gifts of that size are rare for universities, and especially so for public institutions like Stony Brook, which is one of the flagship schools of the State University of New York. The donation plus the state matching funds amount to nearly twice the amount of Stony Brook’s current endowment of $370 million, the university president, Maurie McInnis, said in an interview. The donation was made by the Simons Foundation, which was formed in 1994 by Jim Simons, a former Stony Brook math professor who later made billions as a hedge fund manager, and his wife Marilyn Simons, who received her bachelor’s degree and doctorate at Stony Brook.

Persons: Maurie McInnis, Jim Simons, Marilyn Simons Organizations: Stony Brook University, New York State, State University of New, Simons Foundation, Brook Locations: Long, Stony, State University of New York, Stony Brook

☆ Some people feel morally impure after networking and most just hate it. Here's how to learn to love it, according to experts.
▼ + stars: | 2023-05-04 | by ( Emily Stone | Kellogg Insight | ) www.businessinsider.com time to read: +9 min

They found that networking can make some people feel morally impure and dirtier afterwards. She and coauthors explored where that feeling comes from and found that networking can make people feel morally impure. After all, junior professionals often stand to gain the most from networking, so they're doing themselves no favors if they're networking-averse. "They don't feel like they're taking advantage of their networking partner, which makes them come across as more authentic." The reason may come down to the types of information that men versus women need to succeed.

☆ Governors Island to Be Site of $700 Million Climate Campus
▼ + stars: | 2023-04-24 | by ( Emma G. Fitzsimmons | Dana Rubinstein | ) www.nytimes.com time to read: +1 min

In the two decades since the federal government turned over control of Governors Island to New York City, city officials have sought an innovative way to use the 172-acre patch of land with stunning views of Lower Manhattan. On Monday, Mayor Eric Adams plans to announce a $700 million campus dedicated to finding solutions to address the climate crisis. The city chose a consortium led by Stony Brook University to transform one of the island’s last big chunks of developable land into a 400,000-square-foot hub called the “New York Climate Exchange.” The campus, which will focus on researching climate solutions and training for green jobs, is expected to open in 2028. The climate hub will serve as a “living laboratory” that features resilient design, with renderings showing shiny sloped buildings covered in vegetation that are intended to evoke the hills of Governors Island. It will include two newly constructed classroom and research buildings on three acres of land that are currently undeveloped and will also make use of some historic buildings on the island.

☆ Biden billionaire tax policy is not desirable for U.S. economy, says Alex Brill
▼ + stars: | 2023-02-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden billionaire tax policy is not desirable for U.S. economy, says Alex BrillStephanie Kelton, Stony Brook University professor of economics & policy, and Alex Brill, a senior fellow at the American Enterprise Institute for Public Policy Research, join 'Squawk Box' to discuss how it's possible to create a wealth tax, how to avoid double taxation and more.

☆ Two experts discuss what happens to inflation in 2023
▼ + stars: | 2022-12-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo experts discuss what happens to inflation in 2023Andrew Olmem, former deputy assistant to the president for economic policy, and Stephanie Kelton, economics professor at SUNY Stony Brook, join CNBC's 'Squawk Box' to break down their economic outlooks for 2023.

Following the news that actor Kirstie Alley died of colon cancer at age 71, several doctors and cancer specialists urged people to get the recommended screenings for the disease. Alley's manager confirmed to NBC News on Tuesday that the actor died of colon cancer. Colorectal cancer is the fourth-most common form of cancer in the U.S. and the second-most deadly behind lung cancer. The National Cancer Institute estimates that around 151,000 cases of colorectal cancer will be diagnosed this year. Colon cancer can be difficult to diagnose, however, since symptoms can resemble those of other conditions like hemorrhoids or irritable bowel syndrome.

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