Noted: Zone designation led to job growth in urban but not rural zones, according to a study led by Alina Arefeva, an assistant professor of real estate at the University of Wisconsin-Madison School of Business. Her study didn’t look at activity in 2020.
Growing cow numbers and increased milk production have dairy experts walking on a knives edge when predicting the trajectory of milk prices for the coming year.
Mark Stephenson, director of Dairy Policy Analysis at the University of Wisconsin-Madison and director of the Center for Dairy Profitability and Bob Cropp, emeritus professor in the Department of Agricultural and Applied Economics, delved into the factors impacting milk prices for 2021 during the February “Dairy Situation and Outlook” podcast this week.
Amigo, a social media app designed to help students make friends on college campuses, launched Monday at the University of Wisconsin.Co-founders Paa Adu and Sophia Huard came up with the idea to reconcile the hardships college student are facing during the COVID-19 pandemic.
Noted: Demand for electricity goes up when temperatures drop, said Dr. Line Roald, an assistant professor of engineering at the University of Wisconsin-Madison. The surprising part of what happened in Texas was that so many generators — from nuclear and natural gas plants to wind turbines — stopped producing energy due to the freezing temperatures, she said.
Quoted: The rate has stayed consistent in the state with the federal minimum wage of $7.25 an hour. Workers earning minimum wage who work 2,000 hours a year — 40 hours for 50 weeks — make about $14,500 before taxes and work expenses.
“That’s just about enough to keep one single person out of poverty,” said economist Tim Smeeding, a professor of public affairs and economics at the La Follette School of Public Affairs at the University of Wisconsin-Madison.
Noted: The University of Wisconsin-Madison’s business school jumped 27 spots this year to No. 19 in the Economist’s ranking, which could put the program on the radar of prospective students, said Assistant Dean Blair Sanford.
“To be top 20 in a respected ranking, that has some extra clout for us,” she said.
A new report shows output from UW-Madison is to thank for about 9% of Wisconsin’s $345 billion economy.NorthStar Analytics found UW-Madison is responsible for more than 230,000 public and private sector jobs. That’s the equivalent of one in 13 jobs in the state and puts the university on par with major Wisconsin industries like dairy, food processing and tourism.
University of Wisconsin- Madison makes up a nearly $31 billion impact on Wisconsin’s $345 billion economy, a new report finds Thursday.
A new report highlighting UW-Madison’s economic impact finds the flagship university generates more than $30 billion annually for the state, or nearly 9% of Wisconsin’s economy.
Quoted: “Sometimes incorrect information is a simple data entry error, and other times, it could be a sign of fraud,” says Peggy Olive, University of Wisconsin-Madison financial capability specialist. “It is up to each individual to look over his or her own credit report for old information that should be removed, common mistakes or signs of identity theft. Better to discover an error yourself than to have a creditor find it first.”
UW-Madison and its affiliated entities are an economic engine contributing $30.8 billion a year to the Wisconsin economy, according to a new report commissioned by the university and funded by UW Foundation.
The Nicholas Recreation Center is home to 30,000 square feet of fitness space, eight courts, five studios and an Olympic size pool. But while the facility continues to operate at 25% capacity due to COVID-19, these spaces can fill up fast, resulting in long lines and even longer wait times. Ethan Lim, a junior majoring in computer engineering and computer science, set to work to create a practical solution to this impractical situation.
First, education is king. Don’t ever allow UW-Madison to be anything but a premier, world-class institution. State and private dollars invested now will be leveraged considerably by virtue of the fact that most of the federal investment will go to expanded research at universities such as UW.
Bjorn Eraker, a finance professor at the University of Wisconsin-Madison, said those high numbers point to a bubble, not long-term stability of the stock.
“It’s a speculative bubble more than it is a safe investment,” Eraker said. “There’s no way of knowing what they might do because the stock is trading way, way above its fundamentals. It is a game more than it is an investment.”
Quoted: The idea of removing names — let alone an entire article — from a newspaper’s digital archive is traditionally anathema for many journalists. “For a long time the instinct was, ‘Nope, we’re not even going to think about this. We are about seeking the truth and reporting it and we don’t go back and unreport it,’ ” said Kathleen Culver, the James E. Burgess Chair in Journalism Ethics at the University of Wisconsin at Madison.
Quoted: As customers make their way through shelves, they may move or pick up items in ways that can make the location and quantity of inventory difficult to to gauge, said Hart Posen, professor at the University of Wisconsin school of business.
“It leads to lots of mistakes and errors because what the computer system says is on the shelf might not be there, because a customer has it in their cart, or…picked it up and moved it someplace else,” he said. “So mostly using store shelves for e-commerce fulfillment is not a scalable and efficient way to do it.”
Quoted: Melissa Kono is an associate professor at the University of Wisconsin-Madison who works in community development and is raising a family on a farm. “Work-life balance,” she said, is not a farming staple.
Quoted: Dietram Scheufele, the Taylor-Bascom chair in science communication at the University of Wisconsin-Madison, said that scientists already must counter misinformation on Covid-19 vaccines. Manipulated data only makes that job harder, he said.
“It’s probably the worst possible time to deal with something like this,” he said.
Quoted: Laura Dresser, an economist with the Center on Wisconsin Strategy at the University of Wisconsin-Madison, said prior economic declines were led by male-dominated fields, such as construction and manufacturing. The pandemic-driven decline, she said, has strongly affected areas – such as the restaurant and education industries – with a high number of women workers.
“And those jobs are low-wage jobs,” Dresser said. “They’re held disproportionately by women. They’re held disproportionately by people of color.”
Gentueri has sold COVID-19 testing kits to state health departments and is now working with UW-Madison on vials with matrix barcodes to ensure the chain of custody is secure on student testing samples.
Today, Sheryl’s playful fascination with exquisite footwear continues via her weekly posts on Instagram — #tuesdayshoesday and #sherrylovesshoes — which feature covetable selections from her closet, from Jimmy Choo to Chanel. Her love of fashion informed her choice of colleges. “I pictured myself in New York City, but I ended up at the University of Wisconsin-Madison when I learned they had an undergraduate program that combined business and design,” she says.
Quoted: Paul Mitchell, director of the Renk Agribusiness Institute at the University of Wisconsin-Madison, said the forecast is slightly higher than last quarter’s estimate, partly because of a price rally for corn and soybeans seen around harvest time.
“Cash revenues, from soybeans especially, are up compared to where they were in September. It’s rare to have prices go up at harvest when everyone is bringing crops in,” Mitchell said
Quoted: “It’s really important that we don’t just anthropomorphize cows based on our human experience, but we do know that they can experience negative emotions like pain and fear that we want to minimize,” said Jennifer Van Os, an animal welfare scientist at the University of Wisconsin-Madison. “On the flip side, they can have positive experiences like pleasure, reward and contentment that we want to try to promote.”
Quoted: “Pandemic cooking is a real thing,” said Mark Stephenson, head of dairy policy analysis at the University of Wisconsin-Madison. “Restaurants have used a lot of butter, but we’re seeing greater sales even going through retail now than we did the sum of retail and restaurants before that.”
Quoted: Paul Barford, a University of Wisconsin computer science professor and co-author of a study on the effects of climate change on the internet, sounded less worried about cables sinking anytime soon, because of the financial interests of the telecoms firms involved with cables. But he still says planning now is important. From the get-go, “simply assessing what the current state of this infrastructure is would be something that the government could potentially motivate and potentially help to facilitate,” Barford said. And considering how “unbelievably expensive” these cables are, with costs running into “tens and hundreds of millions of dollars,” it would be a boon if the federal government poured in “funding to help facilitate new deployments or to harden current infrastructure.”
Noted: Dairy farming is 365 days a year, and James Baerwolf grew up knowing exactly what that meant. His parents made him look at other careers, but as soon as he was done with college at UW-Madison he returned right to the farm.
ActionPPE helps independent doctors nationwide purchase the personal protective equipment (PPE) they need. It was formed early in the COVID-19 pandemic by Dr. Marcelo Hochman, the president of the Charleston County Medical Society in South Carolina, and University of Wisconsin-Madison alum James Eron.
Noted: It also includes some of the losses sustained by the University of Wisconsin athletic department and the Green Bay area following the cancellation of October’s scheduled football game at Lambeau Field between the Badgers and Notre Dame.
Noted: The new Harris Poll was commissioned by DailyPay, the Bipartisan Policy Center Funding Our Future campaign, and The Center for Financial Security at the University of Wisconsin. The survey was conducted online from Nov. 17-19 and surveyed 2,075 U.S. adults ages 18 and older, among whom 593 are millennials between the ages 24-39.
“This data shows the resilience of younger generations in the face of the second major economic shock of their financial lives,” added J. Michael Collins of the Center for Financial Security, referring to this year’s pandemic and the Great Recession of 2007-2009.
University of Wisconsin-Madison economist Steve Deller said the shortage continues to be a problem in Wisconsin. Deller pointed to a mismatch between the industries and positions that have seen large job losses during the pandemic, and those that are in need of workers.
Steven Deller, a professor of agricultural and applied economics at the University of Wisconsin-Madison, agreed the COVID-19 pandemic has created an opportunity for rural Wisconsin.
“The in-store experience is going to be so much different,” said Hart Posen, a professor of management and human resources from the University of Wisconsin-Madison’s Wisconsin School of Business.
Quoted: Joe Lauer, an agronomy professor for the University of Wisconsin-Madison, said farmers were grateful for more normal weather patterns this year after an extremely wet season in 2019.
“There’s a little more peace of mind, if you will, in kind of going through what I just call an average normal production season,” Lauer said. “We’re going to end up with record yields but it’s just kind of easier psychologically to take.”
Shawn Conley, soybean and wheat specialist for UW-Madison’s Division of Extension, said a lack of precipitation throughout the state at the end of summer caused the USDA to lower their forecasted yields to 53 bushels per acre. That’s six bushels, or almost 13 percent, higher than last year.
But Conley said most farmers were happy to have the dry weather.
“That allowed farmers to have a lot of days in the field that they can push through and get their crops out of the field in a timely manner,” Conley said.
Quoted: “The in-store experience is going to be so much different,” said Hart Posen, a professor of management and human resources from the University of Wisconsin-Madison’s Wisconsin School of Business.
Quoted: “It will be unlike any other Thanksgiving week shopping that we’ve had, I imagine,” says retailing expert Jerry O’Brien.
Perhaps this year’s biggest Black Friday change is that retailers effectively started Black Friday weeks ago.
“They’re pretty much all coming out openly saying, ‘We’re going to spread Black Friday out through November,’” says O’Brien, who is executive director of the Kohl’s Center for Retailing Excellence at the University of Wisconsin-Madison.
UW-Madison epidemiologist Dr. Ajay Sethi is hoping that foot traffic will be modest and safe.
“I anticipate there’ll be less Black Friday shopping this year compared to last year, because a sizable proportion of people are well aware of our pandemic,” says Sethi, an associate professor of population health sciences and faculty director of the UW-Madison master of public health degree program. “It obviously needs to be minimal, because we want to have really no crowding anywhere, for at least the next several weeks or months, so we can stop the spread of COVID in the state.”
The research park is teaming with the Mandel Group of Milwaukee on an ambitious, multi-phase project with 400,000 square feet of new construction, including housing, a hotel, lab/office space, food hall, climbing gym and parking. It marks a major evolution for the 250-acre park, now characterized by modern labs and office buildings surrounded by green spaces and parking lots.
Founded in 2017 by UW-Madison professor and researcher Karu Sankaralingam, SimpleMachines Inc. is ready to launch a new type of computer chip that Sankaralingam said is faster and more powerful than currently available chips while using less electricity.
DataChat, which was founded by researchers and engineers at UW-Madison, aims to help businesses analyze data in an easier and more comprehensive way by using artificial intelligence, co-founder and CEO Jignesh Patel said.
The innovation came after a study by two University of Wisconsin-Madison mechanical engineering professors revealed that various existing masks and face shields allow tiny particles to escape, both through the material and at the edges. If the wearer is infected with the novel coronavirus, that means the virus could travel from the wearer’s mouth or nose and infect those around them.
Lennon Rodgers, director of the UW-Madison College of Engineering’s Grainger Engineering Design Innovation Lab, said that two weeks after UW Health asked him in early March if he could make 1,000 face shields, companies from around the country were contacting the university to use its design. “You think elastic is easy to get, or foam; it is, if you want to make 1,000 or even 10,000 (face shields),” he said. “But when you’re talking millions, it’s truckloads upon truckloads of material.”
The UW-Madison College of Engineering received a $32 million donation pledge from The Grainger Foundation of Lake Forest, Illinois — the largest donation in the College’s history.
A new venture capital fund will start investing in Wisconsin’s university and college entrepreneurs this fall after closing on $6 million in fundraising.
Quoted: “We are in pretty uncharted economic territory,” said Laura Dresser, associate director of the Center on Wisconsin Strategy at the University of Wisconsin-Madison.
Noted: Hart Posen interviewed in video beginning at 3:13 mark.
Noted: Developed by University of Wisconsin students in 2018, the music discovery streaming app launched for Apple’s iOS In July 2019, growing to about 100,000 users, 200,000 song uploads and 15 full-time employees in the year since.
Quoted: Menzie Chinn, an economist at the University of Madison-Wisconsin, said the July jobs report only confirmed his suspicion that the economic recovery was starting to plateau. Now, he thinks a W-shaped recovery — where the economy improves somewhat, only to crash again — is still possible, and “a stall is more and more likely.”
But this is not the first time in recent years that the dollar’s dominance has been questioned. In 2008, an academic study by Mr Frankel and Menzie Chinn, a professor at University of Wisconsin – Madison, predicted that by 2022 the euro would surpass the dollar as the world’s leading reserve currency.
Hart Posen, a professor who specializes in retail strategy at the University of Wisconsin-Madison’s School of Business, said Kwik Trip’s expansion in the Midwest can be attributed in part to its unique model. The company owns many parts of its own supply chain, like dairy facilities and bakeries. Posen said while this model has been part of the chain’s success, it also means that when the company expands, it’s likely to happen locally.
Quoted: Tessa Conroy, an assistant professor in the University of Wisconsin-Madison’s Agricultural and Applied Economics Department who specializes in regional economic development, said it’s encouraging to see unemployment improving across the state. However, she said the numbers show that the economy has not gotten back to normal for a lot of people in Wisconsin.
“Even though things are better, we’re still quite a ways from where we were before the pandemic hit,” Conroy said. “So if we were to compare to say a year ago, we have a ways to go in terms of improving things again.”
Quoted: “I’m acknowledged for who I am, and I’m supported to do my best and to contribute at my best. That is the culture that we want to strive for,” Binnu Palta Hill, the associate dean for diversity and inclusion at the Wisconsin School of Business, said.
Palta Hill is also a consultant, workshopping with companies around the nation on different aspects of inclusion. She turns to research suggesting employees perform better when they feel like they belong and says the topic matters at every industry.
UW-Madison economist Noah Williams said it would be inaccurate to blame government regulation for the economic slowdown that’s accompanied the COVID-19 pandemic.
“Economic activity started falling early in March, before there were any restrictions in place,” Williams said. “What the lockdowns essentially did was keep that activity at a very low level. Things deteriorated much more quickly than people expected.”
The COVID-19 pandemic imposed significant new hardships on American workers — and it’s exposed just how much hardship many of them have been enduring for years.
That’s a central conclusion of a report published today, the 2020 edition of the State of Working Wisconsin. The report is published by COWS — formerly the Center on Wisconsin Strategy — a policy research and analysis organization at the University of Wisconsin-Madison.
Modern wearables like the Apple Watch use sensors like gyros and accelerometers to detect hand movements. Those components allow them to turn on their displays when you lift your wrist, as well as to ensure you’ve properly washed your hand. But thanks to the work of a joint team of researchers at Cornell Unversity and the University of Wisconsin-Madison, future wearables could offer more nuanced hand detection.
“It’s for cases where people want to be able to see faces,” said Lennon Rodgers, director of the Grainger Engineering Design Innovation Lab at the University of Wisconsin-Madison. “It could be a teacher talking to their students, seeing smiles, things like this that are important, some people say, for developmental reasons.”
Each chew contains 30 mg of caffeine, so three chews has about the same amount of caffeine as a cup of coffee.
Young Ella wanted to become a farmer. However, he took up a job in Bayer to support his family economically. Scholarships enabled him to pursue his master’s at the University of Hawai’i and his PhD at the University of Wisconsin-Madison. He also had a stint at the Medical University of South Carolina, Charleston, as a teacher and researcher.
The University of Wisconsin-Madison’s business school decided to extend its test-waiver policy through next year after initially waiving GMAT requirements ahead of the coming fall semester, said Blair Sanford, assistant dean for full-time M.B.A. and master’s programs. The policy pertains to M.B.A. candidates who apply with at least five years work experience and at least a 3.3 GPA in undergraduate studies or applicants who have a terminal degree.
Noted: James graduated in May from the University of Wisconsin-Madison with a degree in finance and economics. Chris graduates in December with a degree in statistics. The Kardatzkes grew up in Spring Green. James scored a perfect 36 on the ACT. Chris scored a 35.
In March, Ellison partnered with Lennon Rodger, director of the Engineering Design Innovation Lab at UW–Madison, and Jesse Darley, a mechanical engineer at Madison design firm Delve, to create a face shield prototype using easily accessible materials. The team named the open source design the Badger Shield.
Quoted: “The sharp drop in May was the result of the COVID-19 virus shutting down schools, universities, restaurants and food-service which caused a big drop in the sales of milk, cheese and butter,” Bob Cropp, a University of Wisconsin Cooperative Extension professor emeritus, wrote in a recent column.