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President Joe Biden is set to meet Chinese president Xi Jinping during this week’s APEC Summit in California, marking the first in-person communication between the two leaders since they spoke in Bali almost exactly a year ago. While this meeting is not expected to produce notable changes to the United States’ policy toward China, or new initiatives between the countries, the hope is that it will at least keep the doors cracked on such conversations moving forward. “The purpose of this summit—for both the U.S. and China—is to show that each country is willing to talk to the other,” said Preston Jordan Lim, an assistant professor of international law at Villanova University and expert in Chinese foreign policy. “The fact that both leaders are willing to meet face to face and restart their conversation could well lead to more regularized bilateral communication and, down the road, to some small, bite-sized agreements.” However, that does not mean the upcoming meeting – and the careful language from both countries during the leadup – are just for show. Lim says that it is very likely the two heads of state will discuss “topics of real concern,” noting that President Biden indicated following their talk in November 2022 that they had “been very blunt with one another.” There is even more at stake now. Tensions have been soaring over the last 12 months between the U.S. and China, figuratively and literally. The incident with the Chinese balloon flying over the U.S, along with aggressive maneuvers from Chinese fighter jets near American military planes have earned harsh condemnation from U.S. officials. Separately, China believes the U.S. is trying to “economically cripple” them through a “mix of measures,” according to Lim. Those are not the only factors fueling tensions. “The U.S. continues to express significant concerns about aggressive Chinese actions in the South China Sea,” Lim said. “U.S. officials also continue to criticize China’s ongoing genocide of the Uyghur people. “On top of that, the geopolitical situation is even more tempestuous than it was in November 2022. In addition to the Russia-Ukraine war, both countries are now dealing with the effects of the Israel-Hamas War.” These are all topics Lim thinks could be discussed this week, in a meeting he says President Xi has more incentive to go through with than President Biden. “The Chinese economy entered a prolonged economic slowdown in April and there is mounting domestic dissatisfaction with how the Party-state has handled the economy,” Lim explained. “Xi has, on several recent occasions, indicated that the two countries should cooperate more closely. After Governor of California Gavin Newsom’s recent meeting with Xi, the Chinese Ministry of Foreign Affairs emphasized that China’s U.S. policy ‘remains one of mutual respect, peaceful coexistence and win-win cooperation.’ “Clearly, Xi and the Chinese government want to give off the impression that they are willing to have cooperative conversations with the U.S. government, even if they are unlikely to respond in good faith to U.S. concerns.” That unlikeliness to respond in good faith underscores the true nature of the meeting between the two powers, despite the largely positive messaging from both parties in advance. Does simply meeting at the table mean they will break bread? “U.S.-China relations are at a nadir right now and may well decline further, even if Xi and Biden meet,” Lim said. “There are serious roadblocks standing in the way of more harmonious bilateral relations, even though cooperation between the two countries has never been so necessary. It remains to be seen whether the U.S. and China will be able to work together on areas of mutual concern given the many stressors in the relationship.”
Research explores recreational shark fishing's impact on protected species
In Delaware, recreational shark fishing is popular, with anglers taking part in half- and full-day shark fishing trips. However, they are prohibited from keeping protected species of sharks. A University of Delaware research team led by Aaron Carlisle, assistant professor in UD's School of Marine Science and Policy (SMSP), is studying the impact of releasing these sharks, aiming to understand their post-release survival and how fishing operations handle them. Carlisle, graduate student Bethany Brodbeck and Ed Hale, assistant professor and aquaculture specialist for Delaware Sea Grant, are conducting the field research for the study, riding along with recreational fishing vessels to better understand what happens to sharks when they are caught and released. Another component to the research is being led by George Parsons, E.I. du Pont Professor at UD’s College of Earth, Ocean and Environment, who is looking at the economic aspect, using survey-based research to value the shark fishery and study anglers’ perceptions and attitudes toward sharks and their management. Carlisle said the two concurrent studies will help gauge the biological and economic impacts of the shark fishery in Delaware. “We want to find out how much money the fishery is actually drawing to the economy,” Carlisle said. “We also want to find out how the fishery is actually impacting the populations of sharks in Delaware, especially the protected ones.” The research was funded by Delaware Sea Grant, which helps communities wisely use, manage and conserve coastal resources. To arrange an interview with Carlisle, simply click on the link to his profile. Pressing the contact button and using the form will send your request directly to him and a member of UD's media relations team.
Holiday Season is Almost Here and Goizueta Business School has Holiday Experts Ready to Help
The holidays are the difference between operating in the red and operating in the black for many retail businesses. The Goizueta Business School has experts who can provide insight and expertise on a wide range of stories. Economics of the Holiday Season - Economist Tom Smith can discuss seasonal hiring, retail expectations, and the importance of the holiday season to retailers. Black Friday - Doug Bowman can discuss retail expectations and the importance of the holiday season to retailers. He expects this year shoppers will go to fewer stores and not travel long distances, delivery capacity will be an issue, and work from home/school purchases will be hot. AI Changing How We Shop - David Schweidel can discuss how new AI tools are changing how we shop and how brands are using AI to reach prospective customers. Product Reviews See Huge Increases: How Reviews Impact Holiday Shopping - What do reviews mean for the shopping experience and do reviews impact purchase? Reshma Shah can discuss the impact reviews have on the point of purchase. Product Returns - Marat Ibragimov can discuss the retail strategy and impact of holiday gift returns, comparing online returns to brick and mortar. Food and Travel Pricing - Saloni Firasta Vastani can discuss the cost of this year’s holiday dinners. What’s gone up and what’s gone down? She can also discuss the cost of travel this holiday season and what consumers can do to get a better deal. Avoiding Holiday Overspend - Rohan Ganduri can discuss how holiday shopping can expose consumers to credit products like store credit cards that offer various incentives to take up the credit card, often resulting in overspending. Ganduri can discuss his latest research paper on how taking up store credit cards can impact consumers’ future credit outcomes. Social Media & Advertising - David Schweidel can discuss how micro influencers work, how using product placement can cut through the advertising clutter, and the power of product reviews. The Constantly Changing Online Retail Experience - Styling videos, personal shoppers, messaging, and even Augmented Reality (AR) are being used to generate purchases. Doug Bowman can discuss how stores are reimagining the shopping experience to attract customers in person and online. Influencers Influencing Our Purchases - How are creators impacting the economy and are influencers impacting our purchasing decisions? Marina Cooley looks at the creator economy and how TikTok and Instagram are impacting our holiday wish lists and what it takes for a product to go from unknown to trending. She can also discuss how this holiday season will help normalize in-app TikTok shopping (something Instagram has struggled to execute on). How to Attract Customers to the Store this Holiday: Merging Online and In-person Experiences May be the Answer - Shopping looks different and it is up to retailers to stand out not just in the brick and mortar world but also online. The success of a business can balance on the customer experience. Reshma Shah can discuss the policies brick and mortar retailers need to have in place to successfully merge online shopping and the in-person shopping experience. To book your expert interview, call Kim Speece at (404) 849-6579 or email her at kim@leffassociates.com or simply click on the icon available. To find an expert on a specific topic, click the “Search” feature at https://goizueta.emory.edu/faculty/profiles. To check out other recent research, visit https://www.emorybusiness.com/faculty-research/.
Preparing the clean hydrogen workforce
The University of Delaware will play a leading role in workforce development efforts associated with the Mid-Atlantic Clean Hydrogen Hub (MACH2), which has been selected by the U.S. Department of Energy to receive up to $750 million in funding through the historic Regional Clean Hydrogen Hubs program. MACH2 was chosen as one of seven hydrogen hubs, totaling up to $7 billion in grants, announced by the Energy Department on Oct. 13. In stiff national competition, MACH2 ranked among the most pro-labor and greenest hubs in the nation, according to the Delaware Sustainable Chemistry Alliance (DESCA), which brokered the proposal, involving industries, academic institutions, local governments and community partners from across Delaware, southeastern Pennsylvania and South Jersey. Hydrogen is the most abundant element in the universe, and the Energy Department is working to accelerate its use as a clean energy source and as a means to decarbonize heavy industry, transportation and energy storage to meet President Biden’s goal of a 100% clean electrical grid by 2035 and net-zero carbon emissions by 2050, with the regional hydrogen hubs leading the way. MACH2 will encompass a network of hydrogen producers, consumers, local connective infrastructure for hydrogen deployment, and the education and training needed to develop the region’s clean energy workforce. UD will lead the higher education component of MACH2’s workforce development with Cheyney University, Rowan University and the University of Pennsylvania. MACH2 is projected to create 20,000 well-paying jobs in the production, delivery and use of zero-emission hydrogen to repower the region’s industrial facilities, transportation systems and agriculture sectors. What kinds of jobs will MACH2 help prepare people for? There will be a need for technicians for hydrogen-powered vehicles, construction workers for installing hydrogen pipelines, fuel cell power system operators, hydrogen production plant managers, and directors of research and development (R&D) programs, to name a few. Some of these roles may require a high school diploma and an apprenticeship or specific credential; others may require a college degree, from bachelor’s to master’s to Ph.D. Yushan Yan, the Henry Belin du Pont Chair in Chemical and Biomolecular Engineering at UD, will direct the hub’s higher education workforce development efforts. This work will complement high school, vo-tech and community college training programs in energy and construction that will be expanded through the hub, along with pre-apprenticeship programs, particularly those that recruit from underserved communities, offered by building trade unions. “The University of Delaware and our collaborators at Cheyney, Rowan and Penn are well-poised to prepare students for rewarding careers in the new hydrogen economy,” Yan said. “Several engineering, energy and hydrogen programs are already in place at our institutions and will be expanded through the hub, offering students exciting opportunities.” UD will enhance hydrogen technology training at the master’s level through a new “4+1” master’s degree in electrochemical engineering, which would allow highly qualified undergraduate students to earn a bachelor’s degree in an area such as chemical and biomolecular engineering or mechanical engineering and then continue on to earn a master’s degree in electrochemical engineering in the fifth year.
It's only been since January, but the cannabis industry in Connecticut is already a hit among consumers. There was initial worry that the quick expansion of stores and dispensaries could potentially blunt the long-term success of the retail aspect of the product in the state, but according to UConn's Fred Carstensen concerns about the oversupply seen in neighboring states is not a worry. “It’ll take three to four years to see how the market develops,” said Carstensen, a professor at University of Connecticut and the director of the Connecticut Center for Economic Analysis. In an article that goes into great detail, Carsten told the Stamford Advocate about the many factors and influences that can impact what has been a volatile market in some states since legalization became the trend. And as the state government checks the expansion of Connecticut’s adult-use cannabis market, Carstensen said local governments do the same. He said it wouldn’t matter if Connecticut’s retail cannabis scene was over-licensed, under-licensed, or just right. “Every municipality has the right to say yea or nay (to retailers),” Carstensen said. But he said an estimated 69 cannabis retailers in the Nutmeg State’s pipeline will make the bigger picture clearer. “(Then) it's pretty much available to everybody on a relatively short-travel basis,” Carstensen said. “Then we'll actually know what the market is.” Regulation and observation will be key to measure the success or failure of the market. Carstensen said that as the Nutmeg State’s market matures, retailers will “pull that business back into Connecticut when we become more competitively priced.” Peake agreed that “as (more Connecticut retailers) open up, we can probably expect the vast majority of those folks to be buying cannabis in Connecticut.” And Carstensen said that as much as interstate cannabis purchases skew understanding Connecticut’s market, it also serves as a check on oversaturating the Nutmeg State’s cannabis economy... And, Carstensen said, if there were too many cannabis dispensaries, "the market will tell us." "They’ll close,” the economics professor said. If you're a journalist looking to know more about this emerging industry in Connecticut and beyond, let us help. Fred Carstensen is a University of Connecticut professor and director of the Connecticut Center for Economic Analysis. He is a renowned an expert in the areas of public policy, economic history, and economics. Simply click on his icon now to arrange a time to talk today.
ChristianaCare has received a $100,000 grant from JPMorgan Chase & Co. to launch a youth employment program to build a more diverse and inclusive health care workforce. “At ChristianaCare, we embrace diversity and show respect to everyone,” said Dia Williams Adams, MPA, vice president of philanthropy at ChristianaCare. “Providing exposure to health care careers at an early age and building pipelines to employment are key components to building strong and healthy communities. We are deeply grateful to JPMorgan Chase for its generosity and commitment to inclusion and diversity.” The program, Health Impacts, is a year-long pilot program designed to connect youth ages 16 to 18 from low-to-moderate income households within the Greater Wilmington area to career opportunities in health care. Health Impacts will include an intensive training program, during which the teens will learn from ChristianaCare health professionals about workforce development skills and the characteristics essential for career success. The training program will be followed by a nine-month paid internship that culminates with employment opportunities at ChristianaCare. During the internship the teens will receive additional career coaching and participate in work-based learning assignments to help them develop skills, such as effective interviewing, relationship building and a strong work ethic. “There are fantastic opportunities in health care today that can match up with a wide variety of interests and provide young people with a career path that offers financial stability and growth – plus the personal rewards of doing work that helps others,” said Kamela Smith, M.Ed., manager of Community Education and Engagement at ChristianaCare. “This program is an exciting opportunity to expand our local health care workforce while inspiring young people in our community to be the next generation of caregivers.” JPMorgan Chase’s support of Health Impacts is part of a $30 billion Racial Equity Commitment by the global financial services provider to help close the racial wealth gap and advance economic inclusion among communities that are underserved in the United States. “As one of Delaware’s largest employers, we are incredibly focused on creating a more equitable and inclusive economy for more residents across the region,” said Jac Rivers, Vice President, Global Philanthropy Program Officer Eastern Region, JPMorgan Chase. “Building a skilled workforce and ensuring that all people, regardless of background, have access to the support they need is critical to these efforts. Together with a dynamic community partner like ChristianaCare, and the launch of their new Summer Youth Employment Program (SYEP) in Wilmington, we can truly help unlock opportunity for more Delaware residents to access meaningful jobs and lasting economic growth.” To learn more about ways to give to ChristianaCare, visit https://www.christianacare.org/donors.
Georgia Southern University’s annual economic impact soars to record of more than $1.1 billion
New reports from the University System of Georgia (USG) show that Georgia Southern continues to have a remarkable economic impact on the region it serves and on the students it graduates. The USG recorded a $20.1 billion total economic impact from July 1, 2021 until June 30, 2022, while Georgia Southern’s annual economic impact has soared to more than $1.107 billion for FY 2022, a 7.3% increase over the previous year and a new recorded impact total. Conducted on behalf of USG by Jeffrey M. Humphreys, Ph.D., director of the Selig Center for Economic Growth in the University of Georgia’s Terry College of Business, the study showed USG generated 159,034 full- and part-time jobs across Georgia last year. In a companion study, Humphreys found that USG bachelor’s graduates from the Class of 2022 will earn over $1 million more during their lifetimes than they would have without their college degree. “Work-life earnings increase dramatically with education level,” the report said, noting that “work-life earnings estimates for Georgia show that the Class of 2022 can expect to realize work-life earnings of $183 billion.” For the 5,502 degree recipients from Georgia Southern University in FY 2022, they can expect their work in Georgia to total lifetime earnings of $14.4 billion. The report also broke down total Georgia lifetime earning predictions by degree and said: The 99 GS graduates with doctoral degrees will earn a total of $340 million. The 1,207 GS graduates with master’s degrees will earn a total of $3.3 billion. The 4,134 GS Graduates with bachelor’s degrees will earn a total of $10.5 billion. In terms of economic impact, there are 3,250 jobs on Georgia Southern’s campuses in Statesboro, Savannah and Hinesville. Because of institution-related spending, 6,795 jobs exist off-campus, meaning that a total of 10,045 jobs exist due to institution-related spending in fiscal year 2022. The report also noted that Georgia Southern students spent $430,509,422 in the region in fiscal year 2022. “Georgia Southern’s record annual regional economic impact illuminates the university’s profound significance throughout this region,” said Georgia Southern President Kyle Marrero. “We are meeting the needs of Southeast Georgia – now and in the future – developing talent, solving regional needs through our public impact research agenda and serving as the catalyst for economic development and vibrant communities.” “These economic impacts demonstrate that continued emphasis on colleges and universities as pillars of the state’s economy translates into jobs, higher incomes, and greater production of goods and services,” the report said. Interested in knowing more? Simply connect with Georgia Southern's Director of Communications Jennifer Wise at jwise@georgiasouthern.edu to arrange an interview today.
Electric vehicles are hitting the streets, but there are potholes to avoid
No doubt about it, electric vehicles are coming and coming fast. Production of EVs has ramped up in the last couple of years but there are many issues that need to be addressed before they become the everyday choice for consumers. Richard Franza, PhD, professor of management at the Hull College of Business at Augusta University said the timing of EVs is contingent on a few things. “It’s not a question of if they’re coming, but how fast will they be here,” said Franza. “One is the speed at which there is infrastructure built for them. There are still not a lot of places to charge a car. We need more charging stations. Eventually, EVs will be predominant.” Franza added a second hurdle is how fast the federal government moves on emissions requirements that will cause consumers to phase out fossil fuel vehicles. Georgia has become one of the leaders in luring EV manufacturers to call the state home. Not just that, but the state is also drawing in companies that supply batteries and other components. “Any time you build a manufacturing or assembly facility, you automatically get the suppliers around them. Even before Georgia got the vehicle manufacturers, we already had a battery manufacturer, so Georgia already has a good network for the automobile industry,” said Franza. Amazon has already made a major investment in EVs and Franza expects other companies like FedEx and UPS, companies that have a fleet of vehicles, to make the switch to EVs as well, since they have more ability to set up charging networks. The biggest question remains: how long it will take before EVs become more prevalent on the streets? Franza said the answer could depend on who you listen to, but other factors come into play. “Right now, electric vehicles account for less than 1% of the vehicles on the road. So I see two leading indicators – the number of gas stations vs. the number of charging stations, and the production of combustion engines vs. electric vehicles. Look for when the ratios of those really start to change, but it’s not black and white. There are several factors that will go into that and it could take longer than people are saying,” Franza said. Covering EVs and the auto industry? Then let us help. Richard Franza, PhD, is available to speak with media about trending issues like inflation, small business and the economy – simply click on his icon now to arrange an interview today.
Summer is about a week away and many Manitobans are gearing up for cottage getaways and local road trips. But with inflation impacting gas prices and the overall cost of living, CAA Manitoba (CAA MB) has compiled a list of the simple ways motorists can maximize their fuel economy. “While Manitobans love getting out on the road and exploring with friends and family during the summer months, high gas prices have made motorists more mindful of their fuel economy,” says Ewald Friesen, Manager Government and Community Relations, CAA MB. “Luckily, the easiest and most effective way to improve the fuel economy of any car is to modify your driving habits.” Motorists can maximize their fuel economy as they hit the road this summer by incorporating the following tips: Plan your route. Plan the most efficient route to your destination and avoid backtracking and unnecessary mileage. Remove unnecessary items from your vehicle. An extra 100 pounds can reduce fuel economy up to 1 per cent. Try to also avoid the use of rooftop luggage carriers as items transported on top of the car significantly increase aerodynamic drag, which reduces fuel economy. Control your speed. Fuel consumption starts to increase when you hit 90km/h. For long stretches of road ahead, use cruise control to maintain your speed to save fuel. Drive conservatively. If you find yourself stuck in long weekend traffic, avoid "jack rabbit" starts, rapid acceleration and hard braking, which can lower fuel economy by 15 to 30 per cent at highway speeds and 10 to 40 per cent in stop-and-go traffic. Keep up with regular car maintenance. Underinflated tires increase fuel consumption by up to four percent. With regular maintenance services you can help your vehicle run more efficiently. Savings can also start while fueling up, as CAA members save 3 cents per litre when they load their membership card in the Shell app or use it at the pump. While keeping fuel economy top of mind can help make your next road trip more affordable, you won’t be able to get much far with a dead battery. “Manitoba summers may be short, but they are mighty. A car battery can lose its charge 33 per cent faster in extreme heat compared to the frigid winter, draining the power necessary to start the car,” says Friesen. “The one thing you shouldn’t skip when preparing your car for your next road trip is having your car battery tested by a professional to ensure it is in good condition.” If you are a CAA member you can call CAA’s Mobile Battery Service at 1-866-740-6421 and a trained CAA Battery Service Representative will come to you to test, replace and dispose of your old battery.
If you’re looking for comment on this week’s announcement about government’s proposed £50bn investment in creative industries we have a design expert available. Dr Tim Whitehead is associate dean and senior lecturer, engineering and technology, Aston University. He believes that although the Tory's promise spending for the creative industries they need to invest in education first. His full response is attached and below: “This week the government announced a plan to boost the creative industries by £50bn by 2030 and invest £77m in funding for the sector. “This news is fantastic and long overdue. The UK design economy contributes £97.4bn GVA and for every £1 invested in design we see a return of £4 to the wider economy. “The creative sector is a major British export with film, TV, music being some of the biggest exports. However, we also have physical products; If you’ve ever used an iPhone, a Dyson or ridden on a London double decker bus then you’ve used world class British design. “The funding is welcome, however we really need investment in our schools to teach creativity and align this with recent announcements in maths education. “The majority of our most successful designers / creative engineers started with Design and Technology at school. “Between academic years 2009-10 and 2021-22, the proportion of pupils taking Design and Technology GCSEs fell from around 42% to 27% in all schools in England. With only a minor increase in pupils taking Art and Design GCSE which increased from 27% to 29% over the same period. “There is a big gap here, and we really need to ensure that children have access to a creative education as school. “By embedding creativity into the next generation it will help foster new creative engineers data scientists etc. and the next Dyson.” Dr Tim Whitehead, associate dean and senior lecturer, engineering and technology, Aston University For inquiries contact Nicola Jones, Press and Communications Manager, on (+44) 7825 342091 or email: n.jones6@aston.ac.uk
