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.
Category: Business/Technology
Twin brothers drawing thousands to free alternative data site for stock traders
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.
Face masks versus shields in schools: Doctors weigh in
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.
Farmers’ milk prices rising, easing dairy farm losses, but for how long?
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.
What We Know About Face Shields and Coronavirus
Some companies, including Midwest Prototyping, that already provide shields to hospitals are also starting to sell to consumers. Additionally, the University of Wisconsin-Madison offers open-source shield design for its Badger Shield, which is being used both in hospitals and nonmedical settings, says Lennon Rodgers, director of the university’s Grainger Engineering Design Innovation Lab.
U.S. Insurers Use Lofty Estimates to Beat Back Coronavirus Claims
Only about 40% of small firms have business interruption coverage, according to the Insurance Information Institute, and most of the policies explicitly exclude pandemics, according to Tyler Leverty and Lawrence Powell, professors who specialize in insurance at the University of Wisconsin and the University of Alabama, respectively.
Wisconsin’s ice cream makers rely on pints, carryout and new flavors as an unusual summer begins
Noted: A three-day short course in ice cream making has been taught for decades at the University of Wisconsin’s Department of Dairy Science in Madison. Students travel from as far away as Asia, often with a goal to make ice cream with indigenous ingredients and flavors.
“Certain ingredients behave differently when added to ice cream,” explains Scott Rankin, who heads the UW program. “Alcoholic beverages are one example. You can’t just add them” without consequences.
Fitness Machine Technicians Opens First Location in Wisconsin
Don and Traci both attended Kaukauna High School. Don received a degree in Economics from University of Wisconsin – Madison as well as a Master’s in Business Administration from the University of Wisconsin – Oshkosh and Traci earned a degree in Family & Consumer Relations from University of Wisconsin – Madison. Prior to their new venture together, Don worked in the financial services sector for a Fortune 500 company and Traci worked in the health insurance industry as a business analyst.
Tom Still: Even with new scientific paths, broad vaccine availability still a year or more away
Quoted: Dr. Jon Temte, an associate dean in the University of Wisconsin School of Medicine and Public Health and a former chairman of the U.S. Advisory Committee on Immunization Practices, and Dr. James Conway, also at UW-Madison, is a leader over time in the American Academy of Pediatrics for immunization and infectious disease strategies.
How JCPenney Bankruptcy Can Affect America’s Shopping Malls
Earlier this month the department store JCPenney filed for bankruptcy. Department stores make up 30 percent of total mall square-footage. We examine the ripple effects large retailers’ bankruptcy can have on America’s shopping malls. Guest(s): Jerry O’Brien
They’ve sold soap at the Brookfield Farmers Market for 20 years. Now, they’re ‘nonessential’ and not invited back.
Quoted: Kristen Krokowski, a commercial horticulture educator at the University of Wisconsin-Extension in Waukesha, wrote the guidelines and recommendations for farmers markets in Wisconsin during the coronavirus pandemic.
Farmers markets were never prohibited under Evers’ safer-at-home order because the sale of food is considered an essential business. Regardless, that order is no longer in place.
“It’s all guidance now because there are no rules,” Krokowski said.
Unpaid unemployment claims top 728,000 as state Senate holds hearings on backlog
Quoted: University of Wisconsin-Madison economist Noah Williams said the economic downturn would likely be sustained. He said lawmakers should consider ways to bring people back to work, such as by offering cash bonuses to those who quickly find jobs and are taken off the unemployment rolls.
April’s 14% unemployment rate is likely an underestimate, Williams said. It could be closer to 18%.
“We’re seeing very high levels of unemployment,” he said. “It doesn’t seem out of line with national averages, although other states have certainly done better.
New App Helps Wisconsin Farmers, Researchers Track Wild Bee Populations
A new smartphone app from the University of Wisconsin-Madison is helping the state’s fruit and vegetable growers understand bee populations on their farm.
Covid-19: Indian-American couple develops low-cost ventilator
Born and brought up in Patna, Bihar, Ranjan earned his degree in engineering from Regional Engineering College, Trichy followed by Masters and PhD from the University of Wisconsin-Madison and has been teaching at Georgia Tech for the last six years.
Chief architect of Apple’s Siri to give Wisconsin Entrepreneurs’ Conference keynote speech
Brian Pinkerton, a 1986 UW-Madison graduate with a bachelor’s degree in computer science, will digitally return to Madison as the keynote speaker at the Wisconsin Entrepreneurs’ Conference early next month.
Opinion: The University of Wisconsin and other public universities are on the front lines of the battle against coronavirus
From Rebecca M. Blank is chancellor of the University of Wisconsin-Madison and chair of the Council of Presidents of the Association of Public and Land-grant Universities, a research, policy, and advocacy organization. Peter McPherson is president of APLU and former president of Michigan State University.
It pays to stay unemployed. That might be a good thing
Noted: Around 40% of all workers could theoretically earn more while unemployed than going back to work, according to an analysis by Noah Williams, director of the Center for Research on the Wisconsin Economy at the University of Wisconsin-Madison.
Santa Cruz startup pivots in a time of need: COVID-19
Noted: To get started, McGinnis turned to the website of the University of Wisconsin-Madison’s face shield project. It offered nearly everything his team needed, including a list of materials to make face shields and a pattern to use for assembly.
UW Business School lights up for graduation
The UW School of Business will salute 2020 graduates by covering Grainger Hall in red light with inspiring congratulatory messages Saturday night.
How colleges and universities are producing PPE for health-care workers
For the team at USF, the process started by leveraging open-source design materials from the University of Wisconsin, Madison and making adjustments according to feedback from their local hospitals. Now, Celestin has shared all that he and his team have learned about producing face shields online including directions, 3-D printing details and instructional videos.
UW Madison launches app for all things coronavirus-related
The University of Wisconsin Madison launched a new app to help inform the state of Wisconsin on all things coronavirus.
For some of Wisconsin’s delivery-based companies, stay-at-home orders mean growing even faster
Noted: EatStreet, co-founded by Howard in a University of Wisconsin-Madison dorm room in 2010, has around 150 employees in its Madison headquarters. More than 15,000 restaurants in 250 cities are on the platform.
UW-Madison launches COVID-19 resource app
Faculty members and students at the University of Wisconsin-Madison have created a free website and mobile app to provide information, social support and resources to Wisconsinites amid the coronavirus pandemic.
COVID-19 app connects Wisconsinites to latest updates, resources during outbreak
With dozens of updates a day tracking positive cases, deaths, and modifications to the safer at home order, the University of Wisconsin-Madison has launched a COVID-19 app to put all these resources in one spot.
TP shortage: When will it end?
Quoted: “In the end of the day, there is only the same number of people wiping their, um, you know what,” said Troy Runge, the chair of the biological systems engineering department at the University of Wisconsin-Madison.
UW economist explains state of Wisconsin economy during COVID-19 pandemic
CROWE director said Wisconsin unemployment rate has reached 19% overall.
UV light machine cleans masks
Bruce Winkler started his innovation skills at UW Madison, and they haven’t stopped 30 years later. He is the founder of Innovation Strategies LLC. where his company is shifting their focus to ways they can help frontline workers battling Covid19.
Unemployment checks: Elizabeth Brandeis and Paul Raushenbush invented Great Depression insurance for jobless
E.B., as she was known to family and friends, wanted a career at the intersection of economics, labor and the law. She hoped to attend an elite East Coast law school, but those programs, including Harvard, where her father studied, didn’t accept women. With her father’s approval, she chose the University of Wisconsin, where the “Wisconsin Idea” — fusing academic research to solving social problems — was flourishing.
Tom Still: Wisconsin biotech companies could play key roles in long-term economic recovery from COVID-19 pandemic
Shortening vaccine development, which normally has a multi-year cycle. Wisconsin has expertise in this area through its research universities and private companies such as Madison’s FluGen. Co-founders Yoshihiro Kawaoka and Gabriele Neumann are known around the world for their past anti-viral work, which is why FluGen was approached by an India-based firm, Bharat Biotech, which has developed 16 vaccines in the past, to take part in a larger vaccine development project that also involves the UW-Madison.
Shoes to Masks: Corporate Innovation Flourishes in Coronavirus Fight
This time, innovators are exploiting tools and methods that didn’t exist in previous crises. In mid-March, Lennon Rodgers, director of the Grainger Engineering Design Innovation Lab at the University of Wisconsin in Madison, fielded a plea from the university’s hospital to make 1,000 face shields.
Wisconsin Students Team Up To Design Net-Zero Energy Homes
The Studio Zer0 team is made up of mechanical engineering students from the University of Wisconsin-Madison and architecture students from UW-Milwaukee. It’s the fifth year that the two universities have joined forces for the contest.
Crisis Has Jump-Started America’s Innovation Engine. What Took So Long?
On Friday, representatives from Detroit hospitals started consulting on the project. On Saturday, the group settled on an open-source design from the University of Wisconsin. Suppliers were identified, the factory deployed and prototypes began materializing.
John Deere making protective face shields to be distributed throughout Iowa
The company is using an open-source design from the University of Wisconsin-Madison for the project and is being done in collaboration with the UAW, the Iowa Department of Homeland Security and the Illinois Manufacturers’ Association, in response to the COVID-19 health crisis.
Madison School District offers guidelines for staff on how to keep Zoom secure for direct instruction
Quoted: Dave Schroeder, an information technology strategist with the Division of Information Technology at UW-Madison, wrote in an email that controls like those outlined in the district’s email are “ways to use Zoom securely,” but added that “some of those can only be controlled by the person hosting the meeting.”
‘You’re laid off. Sorry.’ When coronavirus closed colleges, student workers lost jobs
As the University of Wisconsin-Madison joined universities around the country in shutting down dorms, classrooms and event venues because of the coronavirus pandemic, Jennifer Morzfeld found herself wading through a barrage of emails.
In the midst of finding out about her coursework, the junior political science and international affairs student got one message in particular that left her with a pressing concern, one that thousands of college students now face.
Milwaukee’s recently hot housing market has slowed due to coronavirus, which has real-estate agents moving to virtual showings
Quoted: That makes the real estate markets difficult to predict for industry experts like Mark Eppli, director of the James A. Graaskamp Center for Real Estate at the University of Wisconsin-Madison.
“We have a lot of uncertainty and not a lot of data,” Eppli said.
A simple change that CEO/CFO’s can make to help small and mid-sized companies across the country
If your firm is fortunate to feel confident in your survival and has the liquidity, you should take this opportunity to pay your vendors early. This can make a huge difference in their short term cash flow and might very well be the determining factors in keeping them operating until the environment changes and/or other funding sources become available.
Written by Dan Olszewski, UW Entrepreneurship Center Director
FluGen, UW-Madison researchers developing COVID-19 vaccine
UW-Madison researchers and the vaccine companies FluGen and Bharat Biotech are developing and testing a vaccine against COVID-19 called CoroFlu, they announced Thursday.
Coronavirus Pandemic Deals Another Blow To Wisconsin’s Newspapers
The COVID-19 shutdowns have taken away cornerstones of newspapers’ already-struggling revenue: business ads and events, said Mike Wagner, a journalism professor at the University of Wisconsin-Madison.
“When news organizations rely on events to advertise about and rely on events that they themselves host, and they’re in an environment where there are no more events, they lose a significant portion of their revenue model,” he said.
Wagner said the situation still has time to get worse.
“It feels like March 84th, but really, we’ve just been at this for a couple of weeks,” he said. “The real economic hits are still to come, and the fact that an organization like the Isthmus had to close down so early, suggests how fragile some news organizations see themselves financially.”
Coronavirus has hit Wisconsin dairy farms especially hard — some farmers may even have to dump milk
Quoted: “I worry about additional heavy farm losses this year,” said Mark Stephenson, director of dairy policy analysis at University of Wisconsin-Madison.
With medical supplies dwindling in COVID-19 pandemic, Wisconsin businesses shift gears
On the other side of Dane County, workers are assembling face shields for doctors based on a design sketched out by UW-Madison engineers and a Madison design firm.
The GAO told the government in 2015 to develop a plan to protect the aviation system against an outbreak. It never happened.
Quoted: Vicki Bier, director of the Center for Human Performance and Risk Analysis at the University of Wisconsin at Madison, said such scenarios are common, not just in government, but in virtually all industries and organizations.
Unemployment Insurance Claims Top 100K In Wisconsin During Coronavirus Pandemic
Quoted: The numbers reflect the staggering impact of restrictions on mass gatherings of 10 people or more and other efforts to slows the spread of virus. Economists said the number of initial claims were unprecedented for Wisconsin, including Noah Williams, economics professor at the University of Wisconsin-Madison and director of the Center for Research on the Wisconsin Economy (CROWE).
UW School of Business committed to maintaining full-time MBA despite national decline
Class size of fall 2020 expected to be 80, compared to 67 last year.
UW engineers, local manufacturers work to produce medical face shields
University of Wisconsin-Madison engineers are working with Madison-area manufacturers on medical face shields for healthcare workers treating coronavirus patients.
Coronavirus will affect everyone, even if you never get sick. But some people will be hit harder than others.
Quoted: A 2015 study of influenza and credit card and mortgage defaults in 83 metro areas found the largest effects were for 90-day defaults, suggesting a flu outbreak has a “disproportionate impact on vulnerable borrowers who are already behind on their payments.”
“And that’s just a regular flu, not a pandemic where you actually are having people sent home before they’re sick,” said J. Michael Collins, one of the study’s authors and professor and director of the Center for Financial Security at the University of Wisconsin-Madison.
Before coronavirus, Milwaukee service workers could work more hours to get more money. Now, everything is closed — and they’re in trouble.
Noted: One in five Wisconsin workers holds “a poverty wage job with few benefits,” according to a 2018 report from the Center on Wisconsin Strategy at the University of Wisconsin-Madison.
“Social distancing would be a lot less inequality promoting if we had the infrastructure of strong medical care, insurance and housing supports for low-wage workers, but we don’t,” said Laura Dresser, a labor economist and the associate director of the Center on Wisconsin Strategy. “That means that this crisis tends to push the inequality along, instead of the crisis showing how connected we are and pulling us closer together.”
Know Your Madisonian: Small Business Development Center director enjoys challenges of launching companies
Michelle Somes-Booher had been helping entrepreneurs and small business owners get their companies off the ground long before she became director of the Small Business Development Center in Madison … The center is based in Grainger Hall on the UW-Madison campus and is open to anyone in Dane, Columbia and Sauk counties.
What Does the Covid-19 Economy Look Like? Chicken Prices Might Hold a Clue.
The outbreak could cut the country’s annual gross-domestic-product growth by half, said Ian Coxhead, an economist who studies Asian economies at the University of Wisconsin-Madison. But he cautioned that making such projections is difficult.
What Are The Telltale Signs Of A Department Layoff?
If you want to know if your job is in jeopardy, consider whether management has laid people off recently, said Charlie Trevor, a professor of management and human resources at the University of Wisconsin–Madison school of business.
Biotech company makes new discovery in hormone imbalance research
Startup company JangoBio develops organoid therapy for hormone imbalances.
Fox Valley Manufacturer Cuts Quarterly Earnings Projection Due To COVID-19-Related Disruptions
COVID-19 is expected to have a major impact on the global economy. Projections have become increasingly pessimistic in recent weeks as the virus has continued to spread, said Ian Coxhead, a University of Wisconsin-Madison economics professor. He noted some forecasts predict negative economic growth in the U.S. during the second quarter or even over the whole year.
Hidden Cave Cidery moves beyond traditional ciders with innovative flavors
As a graduate of Middleton High School and the University of Wisconsin–Madison, Fanning’s local roots are an important part of his business model and larger mission.
Despite application decline, new UW business school dean is committed to MBA degrees
Despite receiving fewer applications and enrolling its smallest class in at least a decade, UW-Madison’s traditional, full-time graduate business program won’t be shuttered anytime soon.
Fox Valley Manufacturer Cuts Quarterly Earnings Projection Due To COVID-19-Related Disruptions
Quoted: COVID-19 is expected to have a major impact on the global economy. Projections have become increasingly pessimistic in recent weeks as the virus has continued to spread, said Ian Coxhead, a University of Wisconsin-Madison economics professor. He noted some forecasts predict negative economic growth in the U.S. during the second quarter or even over the whole year.
“The fortunes of any company in the state or in the U.S. are going to be, first of all, determined by the macroeconomic health of the U.S. economy,” Coxhead said.
Newell Brands Is Investigated by SEC
Quoted: “The goodwill impairment test is one of the most second guessed of the accounting tests that exist,” said Thomas Linsmeier, professor of accounting and law, University of Wisconsin-Madison.
Business schools scramble as demand grows for online MBAs
Yet the tuition fee of $74,520 for the 54 credit hours required to complete the course is comparable with that for a residential MBA at a school such as the University of Wisconsin-Madison or Texas A&M.
The Feeling You Get After Surviving Layoffs Has A Name
After a layoff, “employees see less of an obligation to be loyal to the company, resulting in more of a free agent mentality,” said Charlie Trevor, a professor of management and human resources in the Wisconsin School of Business at the University of Wisconsin–Madison. “With this mentality comes the freedom to actively seek another job where, hopefully, one’s future will be less tenuous.”
Starting Up: Company started at UW-Madison hopes to make paint production greener
Barnett discovered the plant-based method while working on his Ph.D. in chemical engineering at UW-Madison in professor George Huber’s lab.
After a turbulent end to 2019, Wisconsin manufacturers are optimistic. Cautiously optimistic.
Noted: Noah Williams is the founding director of the Center for Research on the Wisconsin Economy at the University of Wisconsin-Madison. He expects automation to have a more prominent role in Wisconsin manufacturing as companies continue to face worker shortages.