Theo Wayt

Theo Wayt

Senior Reporter, Business & Economics and Social Sciences

Theo Wayt, based in New Orleans, is the senior reporter for Business & Economics and Social Sciences for The Academic Times. He has also reported for the Associated Press, NBC News, the New York Post, Vice, Gothamist and Business Insider, covering topics like finance, politics and labor. He graduated from New York University in 2020.

Jails make areas around them sicker. (AP Photo/Eric Gay)
Jails make areas around them sicker. (AP Photo/Eric Gay)Negative effects of jail extend beyond the correctional facility's walls, according to a new study by U.S. researchers, who found that increases in the incarceration rate were associated with statistically significant upticks in death due to infectious diseases, substance abuse, suicide and other factors in surrounding areas.

Small banks and credit unions are better for neighborhoods. (AP Photo/Julie Jacobson)
Small banks and credit unions are better for neighborhoods. (AP Photo/Julie Jacobson)Areas of the U.S. with more branches of large Wall Street banks experienced higher unemployment and slower recovery from the Great Recession than regions with more localized financial institutions, according to a new study that researchers say has serious implications for the current economic crisis.

Results of vaccination trials may be skewed. (AP Photo/Mary Altaffer)
Results of vaccination trials may be skewed. (AP Photo/Mary Altaffer)White people and women are consistently overrepresented in U.S. vaccine trials while some racial and ethnic minorities and men are underrepresented, according to a new study of more than 200 trials.

Innovation needs to be paired with reducing income inequality for maximum effect. (AP Photo/Matt Young)
Innovation needs to be paired with reducing income inequality for maximum effect. (AP Photo/Matt Young)Increasing innovation and reducing income inequality are needed in tandem to combat climate change, according to a new paper that researchers say is the first to uncover this interaction.

As metals prices rise, so do risks. (AP Photo/Tsvangirayi Mukwazhi)
As metals prices rise, so do risks. (AP Photo/Tsvangirayi Mukwazhi)When the prices of metals rise, U.S. mining companies are less likely to comply with safety regulations and miners are more likely to be injured on the job, according to new work by a group of leading American economists who say their findings could also be applicable across other less-dangerous private industries.

Robots haven't boosted productivity as much as anticipated. (AP Photo/Carlos Osorio)
Robots haven't boosted productivity as much as anticipated. (AP Photo/Carlos Osorio)Robots have had a relatively minuscule effect on global productivity despite their widespread adoption in the manufacturing sector, according to a new paper by a group of French economists.

More detail has been filled in for the history of Eurasian Neanderthals. (AP Photo/Martin Meissner)
More detail has been filled in for the history of Eurasian Neanderthals. (AP Photo/Martin Meissner)Neanderthals lived in more southerly climates and used technology closer to that of modern-day humans than archaeologists previously believed, according to a new paper by researchers who examined fossils and tools from what is now the Palestinian West Bank.

Normalization of trade helps heal the gender gap, but at a cost. (AP Photo/Stephen B. Morton)
Normalization of trade helps heal the gender gap, but at a cost. (AP Photo/Stephen B. Morton)The normalization of trade relations between the U.S. and China in the 2000s significantly reduced the gender pay gap between men and women in U.S. regions that were vulnerable to offshoring and outsourcing, new research has shown, as some men dropped out of the labor force and women stepped in.

New info indicates white police officers are more likely to use violence than other officers. (AP Photo/Nam Y. Huh)
New info indicates white police officers are more likely to use violence than other officers. (AP Photo/Nam Y. Huh)Black and Hispanic police officers stop, arrest and use force on people significantly less often than their white counterparts, according to a first-of-its kind study using data from the Chicago Police Department.

Targeted ads work ... as long as the targets don't know they're targets. (AP Photo/Brynn Anderson)
Targeted ads work ... as long as the targets don't know they're targets. (AP Photo/Brynn Anderson)In-store ads that target customers using facial recognition technology to detect their moods can increase sales and positive brand perceptions for retailers, potentially giving brick-and-mortar stores a way to compete with increasingly dominant online retailers like Amazon, according to a new study by three Austrian researchers.

Economics affect the likelihood of cardiovascular disease. (AP Photo/Mark Lennihan)
Economics affect the likelihood of cardiovascular disease. (AP Photo/Mark Lennihan)While middle-aged people in prosperous areas of the U.S. have become less likely to die of cardiovascular diseases like heart attacks and strokes, the progress has not extended to residents of less well-off regions, according to a new paper by researchers from the University of Pennsylvania and Harvard University.

Better benefits equal better mental health. (AP Photo/Jason R. Henske)
Better benefits equal better mental health. (AP Photo/Jason R. Henske)When governments in developed countries like the U.S. and Britain provide extra support for low-income people through tax credits and more generous unemployment benefits, individuals’ mental health and wellbeing generally improve, according to a new paper by a group of U.K. researchers.