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Category: Business/Technology

Breaking: robot makes breakfast

Cosmos

The research team led by Daniel Rakita from the University of Wisconsin–Madison, US, set out to find a way to replicate the so-called “gestalt” effect of human two-handed movement, in which arms and hands move together to achieve what each individual limb cannot do alone.

Ask the Experts: How Will China Tariffs Affect Summer Shopping?

Offers.com

Quoted: “If the past is any guide, consumers, both households and firms, have taken the entire hit from the tariffs,” says Menzie Chinn, professor of Public Affairs and Economics in the La Follette School of Public Affairs at the University of Wisconsin-Madison. “Theory says in principle Chinese producers could absorb some of the cost, but, in practice, recent studies have indicated the entire burden has fallen on U.S. purchasers.”

New CEO for Cellular Logistics, Madison heart repair startup

Wisconsin State Journal

Cellular Logistics’ Tandem HF technology, discovered by chief science officer Eric Schmuck in the research labs of cardiologist Amish Raval at the UW-Madison, is based on combining a framework of proteins derived from cardiac fibroblasts — a certain type of heart cell — with cardiomyocytes, or heart muscle stem cells.

The White House probably won’t be happy with the Fed’s interest-rate decision

Business Insider

Quoted: “In demanding aggressive cuts in the Fed funds rate, and a resumption in quantitative easing at a time when economic growth remains solid, the administration is only further demonstrating that it has only the political self interest of Mr. Trump at heart,” said Menzie Chinn, an economist at the University of Wisconsin at Madison.

Tom Still: Idealism or inevitable? Greening of America well underway

Wisconsin State Journal

The Great Lakes Bioenergy Research Center, part of the UW-Madison Energy Institute, launched in 2007 to focus on sustainable production of fuels and chemicals from non-edible plant materials such as corn residue, poplar and switchgrass. It is one of four such labs in the country and was recently renewed – with an increase in federal dollars – by the Trump administration.

Seed money: Madison has become fertile ground for venture capitalists

Quoted: Risk management is something that Jon Eckhardt — the director of the Weinert Center for Entrepreneurship at the Wisconsin School of Business — said often gets overlooked by the general public.

“When they read about a company that worked out really well, what they’re missing is all the effort and money and energy that went into companies that didn’t work out,” he said.

Novomoto has big plans for 2019

Wisbusiness.com

Novomoto began in 2017 after spinning off from UW-Madison, and the company has grown quickly under co-founders Olson and Mehrdad Arjmand. At the end of 2017, the company had 20 paying customers, and Olson and Arjmand managed to grow that tenfold by the end of 2018.

How to think about breaking up big tech

The Intercept

Quoted: India has already instituted a Warren-like rule to prevent e-commerce platforms from selling their own products on the platform. “We should go back and understand the wisdom of that kind of separation,” said Peter Carstensen, a professor emeritus at the University of Wisconsin Law School. “We would never want the interstate highway system to be owned by Walmart. It simplifies the market functions if you separate them out.”

Less-Educated Wisconsinites Faring Worse As Job Growth Shifts From Manufacturing To Service Industry

Wisconsin Public Radio

Quoted: Steven Deller, interim director of the Center for Community & Economic Development at the University of Wisconsin-Madison, said the report confirms trends seen in Wisconsin as jobs shift away from manufacturing.

“It was possible to barely make it out of high school and land a job at a manufacturing firm making decent wages,” Deller said. “Many of (those jobs) are going overseas and a lot of the jobs that we’re generating now are in the service sector and they simply don’t pay those kind of wages.”

The Best & Brightest Business Students of 2019

Forbes

Quoted: “When I started business school, I expected to be supplied with formulas and ample information to always make the right decision,” admits the University of Wisconsin’s Anders Larsen. “In reality, I learned that business is messy, and you never have all the information you want to make a decision. You learn to make decisions based off what information you have; and you learn when that information is enough or when you need to find more.”

Wisconsin dairy farmers seek higher milk prices before it’s too late

Milwaukee Journal Sentinel

Quoted: “It’s very much a matter of your perspective,” said Mark Stephenson, director of dairy policy analysis at University of Wisconsin-Madison and chairman of Dairy Task Force 2.0, a committee of Wisconsin dairy farmers and others that aims to chart a course for the dairy industry’s future.

A health-minded business accelerator program debuts

Wisconsin State Journal

Computer wonks are not the only ones who can come up with good ideas for new technology and companies. So can doctors, nurses and medical school students. That’s the idea behind a new accelerator on the UW-Madison campus that is designed to move inventions specifically from UW Health or the UW School of Medicine and Public Health to the market.

Walker misses mark on marginal tax rates

Politifact Wisconsin

“Economies grow and decline for a complex set of reasons,” said Andrew Reschovsky, professor emeritus of public affairs and applied economics at the University of Wisconsin. “One must be very careful in attributing any economic change to a specific policy

Google’s Madison Expansion to Triple Size of Local Offices

Xconomy

Google isn’t the only tech company based outside of Wisconsin that has been drawn to Madison by its lower costs, hard-working culture, and relatively strong talent pool, driven in part by a respected computer science program at UW-Madison. Other tech firms with Madison offices include San Francisco-based software company Zendesk, which in October opened new local digs with room for more than 400 employees.

Foxconn reconsiders plan for Wisconsin manufacturing hub

AP

MADISON, Wis. — Electronics giant Foxconn reversed course and announced Wednesday that the massive Wisconsin operation that was supposed to bring a bounty of blue-collar manufacturing jobs back to the Midwest — and was offered billions of dollars in incentives from the state — will instead be devoted mostly to research and development.

FDA Pushing for Over-The-Counter Sales of Naloxone

Pain News Network

Noted: “Expanding naloxone access increases opioid abuse and opioid-related crime, and does not reduce opioid-related mortality. In fact, in some areas, particularly the Midwest, expanding naloxone access has increased opioid-related mortality. Opioid-related mortality also appears to have increased in the South and most of the Northeast as a result of expanding naloxone access,” wrote Jennifer Doleac, PhD, Texas A&M University, and co-author Anita Mukherjee, PhD, University of Wisconsin.

Naming rights deals for sports venues proliferate, but two economists say they do nothing for a company’s bottom line

Milwaukee Journal Sentinel

Quoted: University of Wisconsin-Madison marketing professor Kevin Chung sees good reason for insurers to keep their names before the public. In a hyper-competitive insurance market in which consumers shop only infrequently, it’s very important for companies to be on consumers’ minds, Chung said by email.

That’s one reason why insurance advertisements — think of Geico — tend to be memorable and interesting, he said.

“With this being said,” Chung added, “there is no study in marketing that I know of that has convincingly shown that sponsorship via stadium naming rights led to increased awareness and ultimately to more sales in insurance products.”