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Category: Business/Technology

Once a Warrior, Then a Nonprofit Leader, Now an Entrepreneur

New York Times

Jake Wood was a few months out of the Marine Corps in 2010 when a catastrophic earthquake hit Haiti. On the spur of the moment, he and a few other veterans headed to Port-au-Prince and started looking for ways to help. With no organization and no supply chain, it was a haphazard response. “The only thing we got right is that none of us died,” he said.

Noted: Jake Wood is a Wisconsin School of Business alumnus and played football for the University of Wisconsin–Madison.

Despite drought in southern Wisconsin, crop researchers say average yields are expected this year

Wisconsin Public Radio

Quoted: Joe Lauer, agronomy professor at the University of Wisconsin-Madison, reviewed historical weather data at the UW Research Station in Arlington to see how dry 2021 was. The statistics date back to 1963.

He found this summer was similar to some of the driest years the station had on record, including 1988 when the station saw some of its worst corn yields.

“In the southern two tiers of counties in Wisconsin, we had some pretty dramatic drought conditions that farmers were experiencing. And it really didn’t let up until probably the end of September,” Lauer said. “We were dry most of that time. But having said that, we seemed to get a little bit of rain … that allowed the crop to keep going.”

‘The stakes are really high’: Inside the growing movement to teach financial literacy to every Milwaukee kid

Milwaukee Journal Sentinel

Quoted: “Much of that is because they themselves don’t necessarily feel like they are experts in money management,” said Melody Harvey, an assistant professor at the University of Wisconsin-Madison who studies how public policies affect financial capability.

“I imagine that most parents wouldn’t want to intentionally mislead their children or give wrong information,” she said.

A decade ago, Urban and J. Michael Collins, a professor and financial security researcher at the University of Wisconsin-Madison, were part of the team that examined outcomes in Texas and Georgia after those states implemented a financial education requirement.

They looked at students’ credit reports through age 22 and found students were less likely to have a negative item on their credit report. They also borrowed more — showing they could better fill out applications for things like credit cards or a car loan — and had a lower delinquency rate on those loans than their peers in states without the graduation requirement.

“We saw that those kids who had the financial education had basically fewer mistakes in their early 20s,” Collins said.

Wisconsin will get at least $100 million for broadband expansion under the massive federal infrastructure bill

Milwaukee Journal Sentinel

Quoted: “I think we are in a very good position because of the number of dollars that are flowing in this direction. The federal government is now turning on the hose,” said one of Tuesday’s panelists, Barry Orton, professor emeritus, telecommunications, University of Wisconsin-Madison.

“I would say that for municipalities and other public entities that are looking to provide broadband to their citizens, this is going to be their window of opportunity,” Orton said.

Ingredients for Thanksgiving dinner in Wisconsin will likely be more expensive this year

Milwaukee Journal Sentinel

Quoted: “Prices have clearly gone up, and we’re seeing that trend continue,” said Peter Lukszys, University of Wisconsin School of Business expert on logistics and supply chain management. “Consumption during last year was down because fewer Thanksgivings were being celebrated. This year there is more demand, and when there is more demand, it is more likely to have shortages.”

Kathleen Gallagher: Will Rebecca Blank’s successor as UW-Madison Chancellor help the university become a global innovation hub?

Milwaukee Journal Sentinel

By all accounts, University of Wisconsin-Madison Chancellor Rebecca Blank brought much-needed administrative skills to an organization that had taken its share of hits.

But now that she’s headed to the top job at Northwestern University the future of the state’s flagship university — and in some sense, of the state itself — hangs on one key question:

Will the Board of Regents bring in another administrative guru or will it seek out a leader who can finally unlock the potential we all know is there? Someone who can oversee the translation of UW-Madison’s world-class technology into world-class applications for the global marketplace.

Wisconsin apple orchards seeing a shortfall this year

Wisconsin Public Radio

Quoted: For many growers and researchers, this points to one thing.

“That is definitely the expression of climate change,” said Professor Amaya Atucha, a fruit crop specialist at the University of Wisconsin-Madison.

She said increasingly extreme variability in temperature and precipitation is making it difficult for fruit trees to thrive.

Monthly job growth flat in September, but well ahead of a year ago

Wisconsin Examiner

Quoted: “There isn’t a lot of evidence in the data that people are staying home,” said Laura Dresser, an economist and associate director of COWS, a University of Wisconsin-Madison policy research center, noting the state’s continued above-average labor force participation.

Other factors, such as the continued difficulty in finding child care, are likely keeping people from working who would otherwise want to do so, she said. One reason for Wisconsin’s higher labor force participation rate is that more women are in the state’s workforce, and are likely to be disproportionately affected by the disruption in child care.

Dissatisfaction over pay and frustration with customers who angrily object to masking have given restaurant and hospitality workers reason to pursue other jobs instead, said Steven Deller, of the UW Extension’s agricultural and applied economics department. “There’s lots of little things going on here,” Deller said. “I think a lot of folks are simply saying, ‘No — do I really want to do that any more?’”

Fall armyworm population wreaking havoc on Wisconsin crops

WEAU

Noted: This year in Wisconsin, a fall armyworm population is present unlike anything most entomologists have ever seen. The pests are doing damage to alfalfa, winter wheat and other cover crops around the state. Bryan Jensen, UW-Extension Pest Management Specialist, shares that this warmer fall weather has helped to create a perfect storm for fall armyworms to thrive. Fall armyworms are different from the normal armyworms seen during late spring. The good news, according to Jensen, is they will most definitely not over-winter here in Wisconsin: they are a warm weather species, and will not survive the winter

Tom Still: Computer science driving innovation across industry lines

Wisconsin State Journal

Tom Erickson, the director of the new UW-Madison School of Computer, Data and Information Sciences, brought a message of statewide engagement with industry to a meeting of the Wisconsin Technology Council board of directors. From tourism to agriculture, and from manufacturing to transportation, computing and data is changing how those sectors perform while inventing new industries along the way.

Facebook’s whistleblower report confirms what researchers have known for years

The Verge

Quoted: Megan Moreno, principal investigator of the Social Media and Adolescent Health Research Team at the University of Wisconsin-Madison, says Haugen’s interpretation of the internal research squares perfectly with other work done on social media, especially Instagram.

“For a certain population of youth, exposure to this content can be associated with diminished body image, or body image concerns,” Moreno says. “I didn’t feel like it was tremendously surprising.”

UW-Madison School of Business On Teaching Environmental Sustainability

Wisconsin Public Radio

Many businesses are adopting sustainable principles and practices, which is changing the way business and economics are taught in higher education. We talk about how the UW-Madison School of Business is integrating concepts of environmental sustainability into its curriculum, and we learn how this fits within the new framework of capitalism.

Evers announces $4.5M in state tax credits for new, automated cheese plant

Wisconsin Public Radio

Quoted: Steve Deller, professor of agricultural and applied economics at the University of Wisconsin-Madison, said he thinks the new technology makes the plant a worthwhile investment for state tax credits and will hopefully help the state’s dairy industry move into the future.

“This is a pretty good shot in the arm for the Wisconsin dairy industry,” Deller said. “Any time we see new investment like this is a positive sign because a lot of the growth in the dairy industry has really not been occurring in Wisconsin.”

Nurses turning to traveling jobs to make more money, while local hospitals have to recruit

TMJ4

A recent survey by the Wisconsin Center for Nursing and the School of Nursing at UW Madison shows an impending nursing shortage.

Anywhere from 10-20,000 nurses plan to retire in the next 10 years, and that could cause a crisis for the state. Right now many healthcare companies are finding it hard to staff nurses, so many are offering bonuses and high salaries to professionals from out of town.

Johnson and Senate GOP’s Debt Ceiling Vote Could Spell Trouble for US, World Economy

Up North News

Quoted: Although Congress has come to this precipice many times before, the perception is that the two parties are more “locked-in” than before, and that has people worried, said Menzie Chinn, a professor of  economics at the University of Wisconsin’s La Follette School of Public Affairs and expert on fiscal and monetary policy.

“This is the first time where it may not just be [political theater] but it is actually a case where they very well may not [pass an increase to the debt ceiling], and the consequences are big,” Chinn said. “When you shut down the government, essential services still continue, but if you hit the debt limit, you have to stop payments.”

Wisconsin Cranberry Research Station Offers New Opportunities To ‘Move The Industry Forward’

Wisconsin Public Radio

Quoted: Amaya Atucha, fruit crop specialist for UW-Madison, said she and other researchers are grateful to the cranberry growers that let them host projects on their marshes. She said worrying about the crops was a common issue that held back progress.

“When we want to study things related to an invasive insect or a disease in which you really have to let that disease take over your marsh or your production bed, you’re not going to do that in a grower’s commercial marsh, because the grower makes their living out of the fruit,” Atucha said.

Personal Income Levels Slump In Wisconsin As Government Aid Fades

Wisconsin Public Radio

Quoted: “I was surprised at the level of the drop,” said Steve Deller, a UW-Madison professor of applied economics. “I would have thought that the second quarter of this year, we would have seen modest growth.”

Deller noted there was “modest growth” in terms of earnings from work, but that was offset by a drop off in “transfer receipts,” a category of income encompassing earnings from non-work sources.

New report outlines Madison’s potential as artificial intelligence hub

Wisconsin State Journal

But the report also suggests that in order to keep up with the country’s emergent AI industry, Madison business leaders should forge more corporate research partnerships with UW-Madison. That would further boost the use of AI, promote entrepreneurship and encourage local job retention and attraction. “Significant money is flowing into the region to support almost exclusive contracts or research and development initiatives,” explained Mark Muro, Brookings senior fellow and report co-author. “That’s very important in itself. At the same time, because federal research done at UW-Madison is also building a talent base of skilled researchers and graduate students, there’s a pipeline for future AI expansion.”

UW economist looks back, forward at pandemic-induced price spikes

WXPR

UW-Madison economist Dr. Moses Altsech said the pinch started when upper middle class workers had more money available when they didn’t leave the house.

“You have all of this money sitting around that’s unspent. Then, the government starts sending you stimulus checks out the wazoo, which, for some people, are life-savers. For some people, they are purely disposable income they did not need because they are still getting paid working from home,” Altsech said in an interview with WXPR. “So now you can afford a brand-new car. Now you can afford a brand-new house, a home renovation. There’s money floating around. There’s huge demand. That creates an increase in inflation, of course. Prices are starting to go up.”

Report: COVID-19 Pandemic Driving Wisconsin’s Alcohol Sales

Wisconsin Public Radio

Quoted: National studies show people have been consuming more alcohol, especially women with young children, during the pandemic, said Julia Sherman, coordinator for the Wisconsin Alcohol Policy Project at the University of Wisconsin-Madison Law School. She said other research has found that people who increased alcohol consumption to cope with natural disasters, like Hurricane Katrina, didn’t slow their drinking afterward.

“And that is the big question,” said Sherman. “Will the drinking subside as this crisis fades? As we are able to get back to normal or the new normal? Will we all go back to the previous level of alcohol consumption? And based on this other reporting, it’s not as likely as we might hope.”

Back-To-School Shopping Season A Success For Retailers, But Supply Chain Troubles Could Continue Into Holiday Season

Wisconsin Public Radio

Despite supply chain and hiring woes, experts say retailers in Wisconsin have had a successful back-to-school shopping season.

Jerry O’Brien, the executive director of the Kohl’s Center for Retailing at University of Wisconsin-Madison, said “it’s actually been a pretty good season in spite of lots of problems.”

“Retailers are pretty happy with the sales,” said O’Brien. “They just wish some of the other issues were better.”

Listen Live The Ideas Network Program Schedule Program Notes NPR News & Music Network Program Schedule Music Playlists All Classical Network Program Schedule Music Playlists WPR CORONAVIRUS IN WISCONSIN A red “Now Hiring!” sign located in a grassy field near a county road instructs potential applicants to apply outside. A sign is posted outside of Klondike Cheese Factory on Thursday, Aug. 12, 2021, in Monroe, Wis. Angela Major/WPR Evers: End Of Pandemic Unemployment Will Not Solve Worker Shortage

Wisconsin Public Radio

For months employers, politicians and economists have squared off over what role additional federal unemployment benefits had in contributing to a worker shortage in Wisconsin.

Now that an extra $300 a week in pandemic jobless benefits has ended, the question many have is whether — and when — people will return to the workforce.

“They will, but at a very small margin. Particularly for low wage jobs,” predicts economist Steven Deller from the University of Wisconsin-Madison.

Better Wages, Stronger Benefits Key To Post-Pandemic Economic Recovery, UW-Madison Study Finds

Wisconsin Public Radio

Economic recovery after the COVID-19 pandemic will depend on providing workers better wages, consistent schedules and stronger benefits, including accessible health care. That’s according to a new report from University of Wisconsin-Madison.

The report from COWS, formerly the Center on Wisconsin Strategy, indicates Wisconsin still has 114,000 fewer jobs available as of July than it did before the onset of COVID-19. Leisure and hospitality in particular have been affected, losing 49,600 jobs. According to the report, that has disproportionately affected women and people of color.

Laura Dresser, the associate director of COWS, said the problems in Wisconsin’s job market came about well before the pandemic.

“Many of the problems that the State of Working Wisconsin has documented for more than two decades were really exposed and exacerbated by the COVID pandemic and its impact on work,” said Dresser. “The very workers that have faced the worst wage trends, faced the hardest conditions in their jobs were the workers who were either unemployed, lost their work through the pandemic, or who faced exposure in their jobs and could not be protected from exposure.”

Report: For working Wisconsin, ‘new normal’ must mean big changes

Wisconsin Examiner

More jobs, but not a full recovery. Better wages, but fewer unions — and, as a consequence, weaker protections for workers. And gaping inequalities by race and ethnicity.

That’s the picture painted in the 2021 edition of the State of Working Wisconsin, an annual assessment that COWS, a University of Wisconsin research and policy center, has been producing for more than two decades.

COWS Associate Director Laura Dresser acknowledges a widespread urge to get “back to normal” under those conditions.

“But ‘normal’ for low-wage workers has long been unsustainable, leaving too many families struggling to get by,” she writes. “Adding jobs is important, but ensuring strong job quality and supports for low-wage workers is equally important.”

Wisconsin Businesses Step Back From In-Office Work Plans As COVID-19 Delta Variant Spikes

Wisconsin Public Radio

Quoted: Steve Deller, an applied economics professor with University of Wisconsin-Madison, said for some businesses, not leasing office spaces has allowed them to bring down operating costs.

“I think three things are happening: a lot of businesses are embracing telecommuting as an alternative to maintaining office spaces; businesses are allowing greater flexibility for some of their workers to continue to telecommute; and finally, some workers are still uncomfortable returning to the office,” Deller said in an email.

But Deller said it’s “too soon to tell” whether shifts to remote work will continue in the long term.

‘It’s all or nothing’: A small pay bump can cut benefits for Wisconsin workers

TMJ4

Quoted: University of Wisconsin-Madison economics professor Timothy Smeeding said the rise in wages for low-income workers means it’s a good time to reassess their jobs and find a better one.

“For those reasons, the job market is in favor of workers right now and turnover is good,” Smeeding said. “When people voluntarily leave jobs, economists think that’s good, because that meant they found something better.”

Wisconsin cities look to basic income to close racial, other wealth gaps

Milwaukee Journal Sentinel

Noted: Stephen Young is a University of Wisconsin-Madison assistant professor who studies basic income programs in the United States and worldwide. Young said universal basic income is not a “magic bullet solution” but an idea that has gained traction in the past decade to “address structural unemployment and poverty.”

Pandemic Inflation Trends Put Wisconsin Businesses, Consumers Under Pressure

Wisconsin Public Radio

Quoted: “I think that there was some concern that inflation would continue to accelerate,” said Tessa Conroy, an assistant professor of agricultural and applied economics with the University of Wisconsin-Madison. “Producers haven’t been able to respond with supply as enthusiastically as consumers have responded with demand as the economy has sort of opened back up.”

Conroy said the new numbers indicate the current accelerated inflation is a temporary trend brought on by supply shortages.

“I think that’s hopeful for a lot of consumers in particular, that as some of the short-term problems resolve themselves, prices will stabilize,” said Conroy.

Worker shortage likely to continue, long-term trends seen as likely in play as well

Kenosha News

Quoted: According to Noah Williams, director at the University of Wisconsin-Madison Center for Research on the Wisconsin Economy, the state’s labor force participation has been declining for decades as the state’s demographics shift over time.

“The way I think about it is there’s long term trends and then on top of that there’s been the shorter term issues,” Williams said, “The population is aging; it’s aging more rapidly in Wisconsin than in the rest of the country.”

Friday’s jobs report is the last before the new school year starts in earnest, but some school districts bemoan the lack of job applications

MarketWatch

Quoted: The overall job numbers showed “a strong contribution from education hiring, as more schools than normal retained teachers through the summer and ramped up hiring for a planned return to instruction in the fall,” said Noah Williams, an economist at the University of Wisconsin, Madison and adjunct fellow at the Manhattan Institute, a right-leaning think tank.

The upward trend, however, is threatened by the virus spread, Williams added.

Study: New housing for the rich leads to more evictions for the poor

48 Hills

A new study out of Madison, Wisconsin shows that building dense, amenity-rich market-rate housing in vulnerable neighborhoods leads to higher evictions.

While there are significant differences between Madison and San Francisco, the data has implications for new local attempts to encourage more dense housing into existing residential areas that may be threatened by gentrification and displacement.

The author, University of Wisconsin Professor Revel Sims, looked at areas where five-unit or larger buildings were constructed in areas with older buildings and lower-income residents.

The Truth Behind The So-Called Labor Shortage

WORT FM

“No one wants to work anymore.” This is a common refrain from business owners around the country as the economy opens back up. Conservative commentators claim that unemployment insurance is keeping people from going back to work and fueling widescale laziness—but is that really what’s going on?

Today on the show, labor economist Laura Dresser joins Thursday host Allen Ruff to challenge these myths of the “labor shortage” narrative. They talk about the working class in Wisconsin, the pandemic economy, the importance of worker power, and the real reason employers are struggling to hire.

Laura Dresser is associate director of the Center On Wisconsin Strategy (COWS) and assistant clinical professor in the School Of Social Work at the University of Wisconsin–Madison. She is co-editor of The Gloves-Off Economy: Workplace Standards at the Bottom of America’s Labor Market(Cornell University Press, 2008) and co-author of the annual State of Working Wisconsin report from COWS.

Environmental, Ag Experts Warn Drought Conditions Sign Of What’s To Come With Climate Change

Wisconsin Public Radio

Much of southern and western Wisconsin has continued to experience abnormally dry conditions this year, with far southeastern Wisconsin seeing severe drought earlier this summer.

But agronomist Chris Kucharik from the University of Wisconsin-Madison said lower precipitation hasn’t had as much of an impact on the state’s crops as he was anticipating.

“I’m a bit surprised at how well the crops have been doing,” Kucharik said. “Honestly, once the crop is in the ground, (farmers) are kind of at the mercy of what happens during the growing season with the weather.”

Charts show 2020 was not as bad a year for the dairy industry, but the crisis continues

Milwaukee Journal Sentinel

Quoted: Even though the situation in the industry remains tough, Mark Stephenson, head of dairy policy analysis at the University of Wisconsin-Madison, said “2020 was not as bad a year for dairy farmers.”

Milk prices had been low since 2015 — “for a longer period of time than we’ve seen in quite a while,” according to Stephenson. Farmers did their best to cut costs, and waited for demand to increase and boost prices with it.

American shoppers are a nightmare: Customers were this awful long before the pandemic.

The Atlantic

Quoted: Although underpaid, poorly treated service workers certainly exist around the world, American expectations on their behavior are particularly extreme and widespread, according to Nancy Wong, a consumer psychologist and the chair of the consumer-science department at the University of Wisconsin. “Business is at fault here,” Wong told me. “This whole industry has profited from exploitation of a class of workers that clearly should not be sustainable.”

A Distorted View of Wealth Inequality

Wall Street Journal

Noted: La Follette School Assistant Professor Lindsay Jacobs is one of the authors of the report

Americans may be richer than they think and less unequal than they’ve been led to believe. That’s the takeaway from a recent working paper by five economists from the University of Wisconsin and the Federal Reserve, which adds to standard wealth measures by including Social Security and pension guarantees.

 

What You Need To Know About The End Of The Federal Eviction Moratorium

Wisconsin Public Radio

“There’s no way to sugarcoat it, it’s going to be bad,” said Kurt Paulsen, University of Wisconsin-Madison urban planning professor. He explained that the eviction moratorium barred landlords from evicting tenants who were unable to pay their rent during the pandemic, but that renters are still ultimately on the hook for all the rent they missed when the moratorium expires.

“Thousands and thousands of renters have been unable to pay the rent because of unemployment or COVID-related financial hardships, and eventually the rent comes due,” Paulsen said.

What’s The True Impact Of Enhanced Federal Unemployment Aid? A Labor Economist Weighs In

WORT FM

While the debate over enhanced federal unemployment aid in Wisconsin has been settled for now, the broader, national discussion on the issue continues.

At least 26 states have cut their ties with the program. Business owners and interest groups argue that ending the additional aid is the best way to address difficulties in hiring new workers.

For more on the debate, WORT producer Jonah Chester spoke with Laura Dresser, a labor economist at UW-Madison.

Dairy market reports show optimism, but uncertainty, for higher prices, slowing production

Wisconsin State Farmer

Industry experts Mark Stephenson and Bob Cropp say they see optimism in price and supply for the coming months, according to the latest episode of the Dairy Markets and Policy podcast.

Cropp, professor emeritus of UW-Madison’s Department of Agricultural and Applied Economics, said cold storage reports bring both bad and good news to dairy farmers: American cheese stocks are slowly decreasing at 2% this month, but butter stocks have gone up 14% in the same timeframe. Stephenson, director of the Center for Dairy Profitability, said cheese stocks will continue to see rising price support.

A federal eviction moratorium ends July 31. Here’s what you need to know about rental assistance and more.

Green Bay Press Gazette

Quoted: Landlords have a lot more options available to them than eviction, Madison-based rental housing lawyer and University of Wisconsin-Madison law professor Mitch said. Mitch said property owners can negotiate rather than file evictions that will go permanently on the tenant’s record.

“I know that eviction isn’t the only tool in your toolbox when renters don’t pay, and I wish that property owners would realize that they have other tools such as working out agreements on early move-outs, working on payment plans or working together to get government assistance,” Mitch said.

Kathleen Gallagher: What’s standing in the way of growing Wisconsin’s wine industry?

Milwaukee Journal Sentinel

Quoted: “You used to have to use McKinsey or another specialized consultant, but with the Internet and data science you can do this at a fraction of the cost and make it very easy for the farmers themselves,” said Tom Erickson, Founding Director of the University of Wisconsin’s School of Computer, Data and Information Sciences.

‘It’s five years since a white person applied’: the immigrant workforce milking America’s cows

The Guardian

Noted: Green county has seen one of the state’s fastest growths in Latino population, increasing by an estimated 228% from 2000 to 2019, according to the Applied Population Lab at the University of Wisconsin-Madison. Monroe is the largest city in Green county and has seen a steady increase of Latino immigrants over 20 years. With a population of only about 10,800, new people stand out, which has made the adjustment, like the farm work, incredibly difficult for some dairy workers.

Carbon-capture pipelines offer climate aid; activists wary

Associated Press

Quoted: “These early plants are relatively easy and that’s a good place to start,” said Greg Nemet, a professor at the University of Wisconsin-Madison who specializes in the development of climate-friendly energy technology. “As that gets shown and proven, you get some transportation networks, then it gets easier to do the harder stuff later.”

Small Farms Vanish Every Day in America’s Dairyland: “There Ain’t No Future In Dairy”

Mother Jones

Quoted: Mark Stephenson, the director of dairy policy analysis at the University of Wisconsin-Madison, said the industry definitely has a lot of challenges but is nowhere near extinction.

“We’ve produced record amounts of milk in the last year or two. It’s being consumed. Most of it domestically, but increasingly with exports,” said Stephenson.