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How safe is your baby food? A UConn expert explains.
A new congressional report has raised concerns from regulators and outcry from parents about the level of heavy metals - including things like lead, arsenic, and mercury - that are found in commercial baby foods. Dr. C. Michael White, chair of Department of Pharmacy Practice at the University of Connecticut and an expert in the safety of drugs and dietary supplements, has weighed into the baby food debate with a recent piece for The Conversation. In his article, Dr. White examines such topics as: How do heavy metals get into baby food? How much heavy metal is too much? What can parents do to reduce a child’s exposure? Is anyone doing anything about it? Dr. White says that, while there are steps for parents to take now, baby food manufacturers will ultimately have to alter certain practices to reduce the presence of heavy metals in their products. The U.S. has made important inroads in reducing heavy metals in air and water since the 1980s, dramatically lowering exposure. With additional focus, it can further reduce heavy metal exposure in baby food, too. Dr. White is available to speak with media regarding this topic. Simply click on his icon now, to arrange an interview today.
Evaluating the Impact of Facebook's Ban on Vaccine Misinformation
A new Facebook policy has banned misinformation about all vaccines on its platform. Villanova University professor Jie Xu, PhD, who specializes in science and health communication, examined this decision. "On one hand, there clearly is a lot of mis/disinformation on social media regarding vaccines; some of them are simply uninformed and, of course, harmful to public health," said Dr. Xu. "On the other hand, many details relating to the COVID-19 vaccine, in my view, are still open to scientific debate." So, what determines what is labelled misinformation? Dr. Xu believes this is a complicated determination. "Science itself is evolving with falsification and revision to previous claims when new evidence comes in," Dr. Xu noted. "Who is to say that some claims deemed true at this moment won't be overturned in the future? What are the standards to be used in defining what is true information or misinformation? And perhaps more importantly, who are the 'fact-checkers' that are considered trustworthy to the majority of Americans?" However, there are some benefits to Facebook's decision. "On a more positive note, there is some preliminary evidence indicating that labeling misinformation on social media may help to alleviate the negative influence of vaccine misinformation claims," Dr. Xu said. "The challenge is that the people that are most susceptible to misinformation, and those that health professionals really want to reach out to, are the ones that have the least level of trust on this type of intervention. In some corners, this will likely to be viewed as violation to free speech and perhaps backfire." How does Facebook's banning align with free speech? "My understanding of free speech is that it's not that we don't pay a price for it—unless it's inciting violence, most information has been allowed to flow relatively freely—but it's that the alternative could be much worse," said Dr. Xu. "At the end of the day, we need to create an environment in which honest, open and critical conversations are welcomed, and we do need each other to find the truth."
Villanova Expert Reflects on Historic Number of Golden Globe-Nominated Female Directors
For the first time in the Golden Globes Awards’ history, three women were nominated for best director. "We went from barely getting one in a category to a majority," said Teresa Boyer, EdD, founding director of Villanova University's Anne Welsh McNulty Institute for Women's Leadership. But why are we seeing this change in narrative in 2021? "One wonders if this is in response to the pushback from so many past years, a growth in dogged pursuit of success of the women in the field or a change in both how we may have viewed movies and television in the past year," said Dr. Boyer. "While likely all of the above, one would think that the way we viewed our screen-based entertainment, with the majority being streaming activities, might have allowed audiences to explore films they would not have been as likely to pursue in the traditional 'group-goes-to-a-theater' method." Not only is there more to watch using streaming services, but online platforms could also allow for more diversity in options. "When we have the opportunity to choose anything we like, without being beholden to others in our social groups, we may find that the directors’ lenses are a better match to those of their audience." Increased options could also help more people see themselves represented on screen. "There is a reason why we say, 'representation matters.' For young women and people of color with an interest in the field, being able to see people who look like them lauded in the most highly prized mainstream award ceremonies sends the message that they too are welcome... and their leadership potential is not limited. It may also open the eyes of their peers and others in the field who previously discounted the value of their work and potential based solely on their perceptions of who should be making films."
Study of auto recalls shows carmakers delay announcements until they can 'hide in the herd'
BLOOMINGTON, Ind. - Automotive recalls are occurring at record levels, but seem to be announced after inexplicable delays. A research study of 48 years of auto recalls announced in the United States finds carmakers frequently wait to make their announcements until after a competitor issues a recall - even if it is unrelated to similar defects. This suggests that recall announcements may not be triggered solely by individual firms' product quality defect awareness or concern for the public interest, but may also be influenced by competitor recalls, a phenomenon that no prior research had investigated. Researchers analyzed 3,117 auto recalls over a 48-year period -- from 1966 to 2013 -- using a model to investigate recall clustering and categorized recalls as leading or following within a cluster. They found that 73 percent of recalls occurred in clusters that lasted 34 days and had 7.6 following recalls on average. On average, a cluster formed after a 16-day gap in which no recalls were announced. They found 266 such clusters over the period studied. "The implication is that auto firms are either consciously or unconsciously delaying recall announcements until they are able to hide in the herd," said George Ball, assistant professor of operations and decision technologies and Weimer Faculty Fellow at the Indiana University Kelley School of Business. "By doing this, they experience a significantly reduced stock penalty from their recall." Ball is co-author of the study, "Hiding in the Herd: The Product Recall Clustering Phenomenon," recently published online in Manufacturing and Service Operations Management, along with faculty at the University of Illinois, the University of Notre Dame, the University of Minnesota and Michigan State University. Researchers found as much as a 67 percent stock market penalty difference between leading recalls, which initiate the cluster, and following recalls, who follow recalls and hide in the herd to experience a lower stock penalty. This indicates a "meaningful financial incentive for auto firms to cluster following recalls behind a leading recall announcement," researchers said. "This stock market penalty difference dissipates over time within a cluster. Additionally, across clusters, the stock market penalty faced by the leading recall amplifies as the time since the last cluster increases." The authors also found that firms with the highest quality reputation, in particular Toyota, triggered the most recall followers. "Even though Toyota announces some of the fewest recalls, when they do announce a recall, 31 percent of their recalls trigger a cluster and leads to many other following recalls," Ball said. "This number is between 5 and 9 percent for all other firms. This means that firms are likely to hide in the herd when the leading recall is announced by a firm with a stellar quality reputation such as Toyota. "A key recommendation of the study is for the National Highway Traffic Safety Administration (NHTSA) to require auto firms to report the specific defect awareness date for each recall, and to make this defect awareness date a searchable and publicly available data field in the auto recall dataset NHTSA provides online," Ball added. "This defect awareness date is required and made available by other federal regulators that oversee recalls in the U.S., such as the Food and Drug Administration. Making this defect awareness date a transparent, searchable and publicly available data field may discourage firms from hiding in the herd and prompt them to make more timely and transparent recall decisions." Co-authors of the study were Ujjal Mukherjee, assistant professor of business administration at the Gies College of Business at the University of Illinois who was the lead author; Kaitlin Wowak, assistant professor of IT, analytics, and operations at the Mendoza College of Business at the University of Notre Dame; Karthik Natarajan, assistant professor of supply chain and operations at the Carlson School of Management at the University of Minnesota; and Jason Miller, associate professor of supply chain management at the Broad College of Business at Michigan State University.
Power Grid Expert Weighs in on Texas Outages And How to Build a Better System
Having run countless simulations and experiments aimed at building a more resilient power grid, Luigi Vanfretti is well acquainted with the weaknesses in the nation’s current system. This expertise was recently featured in a report about the factors that caused massive, ongoing power outages in Texas. Frozen well heads, gas pipes, and other factors contributed to a “perfect storm” of conditions, Vanfretti said. Some politicians and pundits have floated the notion that the catastrophe was primarily due to frozen wind turbines, but according to Vanfretti, an associate professor of electrical, computer, and systems engineering at Rensselaer Polytechnic Institute, the problem is far more complex. Additionally, the electrical grid in Texas is unique in that it has limited connections to neighboring states, which means there are limitations to how much assistance it can receive during a crisis. “It’s about the ability to route the power,” Vanfretti recently told the Times Union. Vanfretti is an expert in power grid modeling, simulation, stability, and control. His research focuses on creating a smarter, cleaner, more reliable power grid that is capable of integrating renewable energy. Within his Analysis Laboratory for Synchrophasor and Electrical Energy Technology (ALSET) Lab, Vanfretti and his team model the power grid and run simulations in order to develop, test, and improve smart inverters, software, and hardware that will be needed to create the smart grid of the future. You can watch him discuss his research here. Vanfretti is available to speak about what contributed to the devastating outages in Texas, as well as the changes and research necessary to create a more resilient power system.
Eliminating The Barriers To Telehealth & Patient Retention
During the ongoing national pandemic, healthcare is in a period of rapid evolution, bringing telehealth to the forefront of patient care. Telehealth is a proven strategy to improve health outcomes, but it’s gated behind socioeconomic privilege and leaves behind many of our community’s most vulnerable patients. One such disparity is the inability of many Americans to access digital health care. This silent epidemic affects lives daily. Many patients, especially those in rural communities, face obstacles when trying to get the care they need. From access to reliable transportation and affordable child care to financial instability and lack of culturally competent providers, there is no shortage of hurdles standing in the way of disadvantaged populations accessing quality care. Well-implemented telehealth services can offer a clear path through these common barriers to care while improving health outcomes and boosting patient retention. “We know that mobile health intervention is an effective tool for retaining patients in care, but it’s only as effective as it is accessible,” said Richard Walsh, our CEO. “It would be negligent to assume that every individual has access to the devices, internet, or knowledge necessary to engage in telemedicine.” Like other leaders in the industry, we know telehealth is a privilege, but at Continuud, we believe it should be a right.” As Nathan Walsh, our CXO, said, “During a public health crisis such as this, we have to be proactive in ensuring that underserved communities have access to the care that they need in every way possible.” Through our research and conversations with community health leaders, we have identified 4 common barriers to telehealth success: access to video-ready phones or tablets, access to a reliable & affordable internet connection, an understanding of how to use the device to access services, and trust in technology being used for health services. Our solution is to create a platform that not only solves these problems but also enhances the patient experience and drives the best possible outcome of telehealth intervention. Our platform, Access, provides 8-inch tablets with an unlimited data connection to patients. Each device ships with a secured environment and limited functionality customized by the health care provider to include the tools that patients need to access care. We have created a simple deployment and warehousing solution to make it easy for organizations to get started quickly. Our end-to-end deployment and recall services handle every aspect of the platform so organizations can remain focused on serving their patients. The platform supports patient-by-patient interface customizations, so each patient’s experience is tailored to their unique treatment plan. We have device insurance and same-day replacement built into the program to account for loss, theft, and damaged devices, so organizations will always have access to the inventory they need to serve their clients. At Continuud, we offer an integrated ecosystem designed from the ground up to enable health care providers to work more efficiently toward a common goal of driving positive health outcomes in their communities. Continuud is known throughout Indiana for our innovative approach to connecting high-risk populations to care and implementing strategic technology to help retain and learn from patients so providers can evolve with the needs of their patients. To learn more about our platform, click here to visit our homepage. If you would like to schedule a demo with our team to talk about the platform in greater detail, click here.
As the pandemic enters its second year, household expenses remain top of mind for consumers, as does the cost of auto insurance. It’s one of the reasons why CAA Insurance has seen a dramatic increase over the past ten months in the number of drivers who have signed up for Canada’s only pay-as-you-go auto insurance payment program, CAA MyPace™. New CAA Insurance data reveals, that the number of new CAA MyPace policies between April and December 2020 increased by almost 300 per cent compared to the same period in 2019. “While the growth is remarkable, it reinforces what consumers are telling us, that a one-size-fits-all solution to auto insurance isn’t working for them, especially during these challenging times where many vehicles are not being used as much,” says Matthew Turack, president of CAA Insurance. “CAA MyPace is a one-of-a-kind payment program that lets customers take control of their car insurance costs by giving them the freedom to pay for the distance they drive.” On average, people who switch to CAA MyPace are saving 50 per cent on their auto insurance costs, compared to a traditional policy. The pay-as-you-go program was launched in 2018, and benefits motorists who drive less than 9,000 kilometres per year. In 2020, CAA Insurance provided over $60 million in relief to support policyholders in managing their expenses during the pandemic. The Financial Services Regulatory Authority of Ontario (FSRA) identified CAA Insurance as the leading insurer, providing the highest percentage of rate relief to its policyholders. Nearly one year ago, CAA Insurance led the insurance industry by providing a 10 per cent rate reduction for a 12-month term to all active CAA Auto and Property Insurance policyholders. CAA Insurance will continue to apply this rate reduction in 2021 for its active policyholders. No action is necessary by policyholders to receive this reduction.
Why customers hold the key to a company’s true valuation
When determining a fair valuation for a company—especially in anticipation of an initial public offering (IPO)—investors often rely heavily on “top down” approaches focusing primarily on traditional financial measures to do so. But what if this approach doesn’t paint the full picture? Daniel McCarthy, assistant professor of marketing at Emory’s Goizueta Business School, is building the case that augmenting traditional data sources with customer behavior data gives investors a more accurate company valuation. For the past several years, McCarthy and Peter Fader, professor of marketing at the Wharton School of the University of Pennsylvania, have worked to refine a customer-driven investment methodology they created. “Customer-based corporate valuation (CBCV) simply brings more focus to how individual customer behavior drives the top line,” they explained in “How to Value a Company by Analyzing Its Customers,” an article published in the Harvard Business Review (HBR) earlier this year. “This approach is driving a meaningful shift away from the common but dangerous mindset of ‘growth at all costs,’ towards revenue durability and unit economics—and bringing a much higher degree of precision, accountability, and diagnostic value to the new loyalty economy.” Fader, McCarthy’s PhD advisor while he was at Wharton, had done some of the seminal work on forecasting customer shopping/purchasing behaviors. This helped build baseline expertise for how one could go about the customer-level modeling. McCarthy recognized that this behavioral modeling could be put to good use in a financial setting, if done the right way. “There was this untapped source of intellectual property that’s been accumulating within marketing over the last 30 years,” McCarthy said. While other academics have done some conceptual work in the area, none, McCarthy noted, had done so in a way that was consistent with how financial professionals go about performing corporate valuation. McCarthy and Fader merged these well-validated customer-level models with standard corporate valuation methods, then put their resulting valuation tool head-to-head with alternative approaches. They found that their CBCV model subsequently outperformed. A full article on this subject is attached, within it, you will find key CBCV highlights such as: Using unit economics to more accurately predict revenue forecasts Gaining access to the right data The CBCV model is also good for managers and for customers Working to have publicly traded companies adopt CBCV McCarthy’s work on the CBCV methodology has earned him a number of awards, including the MSI Alden G. Clayton, American Statistical Association, INFORMS, and the Shankar-Spiegel dissertation awards. If you are a journalist covering this topic or if you want to learn more about this work or customer-based corporate valuation – then let our experts help. Daniel McCarthy is an Assistant Professor of Marketing at Emory University's Goizueta School of Business where his research specialty is the application of leading-edge statistical methodology to contemporary empirical marketing problems. If you are looking to contact Daniel – simply click on his icon now to arrange an interview today.
What Does the GameStop Buying Spree Tell Us?
Villanova School of Business assistant professor Keith Wright was in the chat rooms when individual investors were discussing pumping up the GameStop stock and forcing the hedge fund shorts to have to cover, losing millions of dollars. "At the time, David was clearly beating Goliath," says Wright, adding that some of the young people on Reddit had done extremely well. "They made significant money on their investments. Some of them were a little late; you don’t want to be the last one in who takes the position at the top." He adds, "I have a feeling that this may actually be something revolutionary, and we're seeing the bottom of the pyramid—which is Generation Z, the Millennials, the Robin Hood investors—really changing the game." "Going forward, you've got this group that's collaborating, and that makes them extremely powerful," says Wright. "If they all follow each other into a position, they can really move markets in any direction they choose... Are they powerful enough as a group to defeat the hedge funds? Now, maybe they win this battle and they lose the war. Or maybe they win this battle and they decide to try a couple of others. This is not the only occurrence; this is one stock, but it's happening in a couple of other positions as well." As to whether a group of people should have this type of an effect on the stock market, Wright suggests that maybe it's a good thing. "We live in an economy where wealth is very unbalanced. You have a lot of people at the very top who are doing extremely well. But there is some inequity, and these short sellers used to crush the average retail investor, but no longer. Maybe this will create some equity, and maybe it will even the playing field a little bit."
Ask an Expert: What is COVID-19’s impact on the homelessness crisis?
The COVID-19 pandemic continues to impact the homeless community and homelessness crisis, including posing unique health risks to the homeless population and spurring a likely increase in homelessness due to job losses. “People experiencing homelessness are at enormous risk of exposure to the coronavirus, due to inability to self-isolate, as evidenced by outbreaks in congregate shelters,” says Marybeth Shinn, Cornelius Vanderbilt Chair and professor of human, organizational and community development at Vanderbilt Peabody College of education and human development. “With the cold weather coming, service providers are scrambling to provide food, shelter and outreach services safely, and to use rental assistance to get people into housing.” Shinn also explains that while eviction moratoriums imposed during the pandemic work to delay evictions, they do not prevent them. Arrears for rent, utilities and fees continue to accumulate when the moratorium ends, and landlords can continue to charge late fees for late payments. On the one hand, moratoriums will help keep many renters in their homes at a time when the alternatives, such as crowding in with friends and relatives or even becoming homeless, puts people’s health at risk. At the same time, landlords, especially small landlords, are also suffering. Landlords often have mortgages as well as other expenses to pay, relying on rental income to do so. In her new book with Abt Associates researcher Jill Khadduri, In the Midst of Plenty: Homelessness and What to Do About It, Shinn argues that homelessness is not a result of personal failure, but rather societal failure, as we have the knowledge and resources to end homelessness but lack the political will. As an immediate step during the pandemic, Shinn advises that Congress needs to enact relief for tenants and landlords, as well as reinstate weekly supplements to unemployment benefits to help people stay current on rent.
