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    rice rises again

    Brainy Rice University institute named No. 1 think tank in the world

    Steven Devadanam
    Jan 28, 2021 | 4:50 pm
    Rice's Baker Institute has done it again.

    Furthering its reputation as a world-class educational and intellectual hallmark, Rice University has ascended to the top of yet another ranking.
    The school’s Baker Institute for Public Policy has been named the No. 1 think tank in the world, according to the 2020 Global Go To Think Tank Index Report published January 28. This is a leap from No. 2 overall last year.

    Additionally, its Center for Energy Studies (CES) was again named the top energy and resource policy think tank and was recognized as a Center of Excellence for being ranked No. 1 for three consecutive years, per a press release.

    Rice’s Baker Institute is also ranked No. 15 out of 110 of the top think tanks in the U.S. overall. It is also listed among the best think tanks globally in the category "Best Quality Assurance and Integrity Policies and Procedures."

    Also on the prestigious list are the London School of Economics and Political Science (No. 2) and Institute of Development Studies at the University of Sussex, U.K. (No. 3).
    Meanwhile, CES is followed in the regular rankings by the Oxford Institute for Energy Studies, U.K., and the Institute of Energy Economics, Japan.

    Founded in 1993, the Baker Institute houses fellows and scholars who conduct research on domestic and foreign policy issues. Core fields of study include energy, the Middle East, Mexico, health policy, public finance, private entrepreneurship and economic growth, international economics, presidential elections, science and technology, China, space policy, and drug policy, according to the school.

    CES was founded in October 2012 and provides policymakers, corporate leaders, and the public with quality, data-driven analysis of issues that influence energy markets, per Rice. The Baker Institute Energy Forum is considered an integral part of CES by the university.

    “The rise of the Baker Institute and our Center for Energy Studies to the very top rankings in this year’s Global Go To Think Tank Index is the culmination of what we created over a quarter of a century ago and of our adherence to excellence in data-driven, nonpartisan research and policy recommendations on public policy issues that reach decision-makers in the private and public sectors,” said Baker Institute director Edward Djerejian, in a statement. “I commend all our fellows, scholars and staff, as well as our Board of Advisors and Roundtable members, for this outstanding achievement.”

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    news/innovation

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    big business

    Houston food giant Sysco will acquire Restaurant Depot for $29 billion

    Associated Press
    Mar 31, 2026 | 9:00 am
    Sysco Headquarters In Houston
    Photo by Brandon Bell/Getty Images
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    Sysco, the nation's largest food distributor, will acquire supplier Restaurant Depot in a deal worth more than $29 billion.

    The acquisition would create a closer link between Sysco and its customers that right now turn to Restaurant Depot for supplies needed quickly in an industry segment known as “cash-and-carry wholesale.”

    Sysco, based in Houston, serves more than 700,000 restaurants, hospitals, schools and hotels, supplying them with everything from butter and eggs to napkins. Those goods are typically acquired ahead of time based on how much traffic that restaurants typically see.

    Restaurant Depot offers memberships to mom-and-pop restaurants and other businesses, giving them access to warehouses stocked with supplies for when they run short of what they've purchased from suppliers like Sysco.

    It is a fast growing and high-margin segment that will likely mean thousands of restaurants will rely increasingly on Sysco for day-to-day needs.

    Restaurant Depot shareholders will receive $21.6 billion in cash and 91.5 million Sysco shares. Based on Sysco’s closing share price of $81.80 as of March 27, 2026, the deal has an enterprise value of about $29.1 billion.

    Restaurant Depot was founded in Brooklyn in 1976. The family run business then known as Jetro Restaurant Depot, has become the nation's largest cash-and-carry wholesaler.

    The boards of both companies have approved the acquisition, but it would still need regulatory approval.

    Shares of Sysco Corp. tumbled 13% Monday to $71.26, an initial decline some industry analysts expected given the cost of the deal.

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